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  Pinnacle Silver and Gold Corp. 
 

  

  The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital.  

 

  All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the   United States Securities Act of 1933   , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  

 

      About Pinnacle Silver and Gold Corp.  

 

  Pinnacle   is   focused   on   district-scale   exploration   for   precious   metals   in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production   .   In the prolific   Red   Lake   District   of   northwestern   Ontario, the Company owns a 100%   interest in the   past-producing,   high-grade   Argosy   Gold   Mine and the adjacent North Birch   Project   with an eight-kilometre-long target horizon   .   With   a   seasoned,   highly   successful   management   team   and   quality   projects,   Pinnacle   Silver   and   Gold   is committed   to   building   long   -term   ,   sustainable   value   for   shareholders.  

 

  Signed: ‘Robert A. Archer’  

 

  President & CEO  

 

    For further information contact   :  

 

  Email:     info@pinnaclesilverandgold.com    

 

  Tel.:  +1 (877) 271-5886 ext. 110  

 

    Website:     www.pinnaclesilverandgold.com    

 

  Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release   .  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) has secured board approval for a multi-billion-dollar life extension of its Highland Valley copper mine in British Columbia, setting the stage for a two-decade boost in copper output.

The Vancouver-based miner said Thursday (July 24) that construction on the Highland Valley Copper Mine Life Extension Project (HVC MLE) will begin in August, following receipt of environmental and permitting approvals in June.

The newly sanctioned Highland Valley project is expected to extend the mine’s life from 2028 through 2046, with average annual copper production of 132,000 metric tons.

The company further confirmed that engineering progress is nearly 70 percent complete.

Over its lifespan, the project is expected to maintain approximately 1,500 direct jobs and US$500 million in annual GDP from current operations. During the construction phase alone, Teck said that it anticipates roughly 2,900 jobs and US$435 million in additional GDP.

“This extension of Canada’s largest copper mine, Highland Valley, is foundational to our strategy to double copper production,” said CEO Jonathan Price in the company’s announcement.

“The project will strengthen Canada’s critical minerals sector, generate new economic activity, and support the continuation of the jobs and community benefits that HVC generates for many more years to come,” Price added.

The announcement comes as Teck posted better-than-expected earnings for the second quarter. The company reported an adjusted profit of C$0.38 per share, beating the average analyst estimate of C$0.27.

The outperformance was largely attributed to stronger profitability from the company’s Trail operations, a major zinc and lead smelting complex also located in British Columbia.

Teck produced 109,100 metric tons of copper in the quarter ending June 30 but lowered its full-year copper production guidance to a range of 470,000 to 525,000 metric tons, down from earlier estimates.

While London Metal Exchange (LME) copper prices dipped 2 percent year-over-year to an average of US$4.32 per pound during the quarter, Teck could benefit from recent geopolitical developments that may tighten global copper supply.

US President Donald Trump’s planned 50 percent copper import tariff, set to take effect August 1, could push prices higher despite Teck’s minimal exposure to the US market, as most of the company’s copper exports go to Asia and Europe.

The company said that it expects the project’s total ore throughput to average 50 million metric tons annually, while total material moved will vary significantly depending on the phase.

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

This post appeared first on investingnews.com

Investor Insight

NextSource Materials is an emerging leader in the global battery materials sector, backed by a world-class graphite resource and proven technology to produce high-performance anode material. With a focus on full vertical integration, the company is strategically positioned to supply critical materials essential to the global clean energy transition.

Overview

NextSource Materials (TSX:NEXT, OTCQB:NSRCF) is a Canadian-based battery materials development company focused on becoming a vertically integrated global supplier of critical minerals essential to the global clean energy transition. The company’s strategy spans the full value chain – from mining and upgrading high-quality flake graphite to producing advanced battery anode materials – positioning it as a key supplier to the rapidly growing electric vehicle (EV) and renewable energy storage markets.

NextSource’s core asset is the Molo graphite mine in Madagascar, one of the largest and highest-grade flake graphite deposits in the world. Commencing production in October 2024, the Molo mine has a resource base of more than 153 million tonnes and the exclusive source of NextSource’s trademarked SuperFlake® graphite.

Trial container shipments of SuperFlake

Complementing the Molo graphite mine is the company’s downstream expansion through battery anode facilities (BAFs), which will convert its proprietary SuperFlake® graphite into spherical purified graphite (SPG) and coated SPG (CSPG), enabling direct supply to global battery and automotive manufacturers outside traditional Asian supply chains.

Global demand for flake graphite, valued at US$3.12 billion in 2024, is forecast to grow to US$5.48 billion by 2034, driven by a 6.1 percent CAGR. This growth is primarily fueled by the expansion of lithium-ion battery manufacturing for EVs and renewable energy systems, where graphite remains the dominant material used in battery anodes.

NextSource also owns the Green Giant vanadium project, an advanced-stage and strategically significant vanadium asset located near the Molo mine. With a large, sediment-hosted deposit suited for vanadium redox flow batteries (VRFBs), Green Giant provides additional exposure to the grid-scale energy storage market – a rapidly emerging segment of the clean energy landscape.

NextSource has assembled an impressive leadership team with a proven track record in mine operations and building shareholder value. With long-term offtake agreements in place, a scalable mine-to-anode business model, and strategic backing from Vision Blue Resources, led by former Xstrata CEO Sir Mick Davis, NextSource is positioned to deliver significant value as a secure and sustainable supplier of critical battery materials.

Company Highlights

  • Molo Graphite Project: The Molo graphite project in Madagascar is among the world’s largest and highest-quality graphite resources and is the exclusive source of SuperFlake® graphite.
  • First Commercial Shipments Completed: SuperFlake® shipments have been to multiple end-users and approved for high-demand applications for flake graphite, including battery anodes, refractory and graphite foils for fire retardants and consumer electronics.
  • Long-term Offtake Agreements: One of the few graphite producers globally to secure long-term sales agreements with tier one partners, including a 20,000 tpa agreement with a leading Japanese trader that supplies intermediate anode material to the Japanese market, and a 35,000 tpa agreement with thyssenkrupp Materials Trading GmbH for SuperFlake® graphite concentrate.
  • Mine Expansion Planned: With anticipated volume demands expected to quickly outgrow its Phase 1 volume capacity, NextSource updated its operational strategy to utilize Phase 1 for campaign production to focus on development of its Phase 2 mine expansion.
  • Downstream Value-add Expansion: The company is executing a phased rollout of battery anode facilities to produce spherical purified graphite and coated SPG at commercial scale. These facilities will supply high-performance anode material directly to battery and automotive manufacturers outside traditional Asian supply chains.
  • Strategic Shareholder Support: Vision Blue Resources, a battery materials investment fund led by former Xstrata CEO Sir Mick Davis, is NextSource’s corner-stone shareholder. Sir Mick Davis also serves as NextSource’s chairman, bringing decades of mine development and operational leadership to the company.
  • Vanadium Exposure: NextSource also holds the Green Giant vanadium project in Madagascar, an advanced-stage NI 43-101 resource and one of the world’s largest known sedimentary vanadium (V2O5) deposits.

Key Projects

Molo Graphite Mine and Project

NextSource Materials

NextSource’s flagship Molo graphite project ranks as one of the largest-known and highest-quality flake graphite deposits in the world. The property spans more than 62.5 hectares, sits in the Tulear region of Southwestern Madagascar, and is located 11.5 kilometers east of the town of Fotadrevo. Phase 1 of the mine is currently in operation.

NextSource has superior flake size distribution and well above the global average. The Molo asset is relatively unique for having almost 50 percent premium-priced large and jumbo flake graphite and can achieve up to 97 percent carbon purity with simple flotation alone. Molo SuperFlake® has been verified by end-users and meets or exceeds all criteria for the top demand markets for flake graphite; anode material for lithium-ion batteries, refractories, graphite foils and graphene inks.

Project Highlights

Geological and Resource Overview:

  • Measured and indicated resources: 100.37 million tonnes (Mt) at 6.3 percent total graphitic carbon (C), based on a 2 percent C cut-off.
  • Proven and probable reserves: 53.75 Mt at 6.2 percent C, based on a 3 percent C cut-off, including 21.33 Mt proven and 32.41 Mt probable.
  • Over 300 km of continuous surface graphite mineralization has been delineated, enabling flexible, demand-driven production scale-up.
  • The resource base supports more than 100 years of mine life at 17,000 tpa and 25+ years at 150,000 tpa production levels.
NextSource Materials

Operational Status:

  • Phase 1 operations commenced production in October 2024, with the first commercial shipments of SuperFlake® graphite concentrate delivered to customers in Germany and the US in early 2025.
  • In May 2025, NextSource transitioned Phase 1 to campaign production in order to preserve capital and prioritize the larger Phase 2 expansion, which is now the operational focus.
  • Nameplate capacity for Phase 1 is 17,000 tpa, with modular Phase 2 plans targeting up to 150,000 tpa production capacity.

Strategic Sales Agreements:

  • A 20,000 tpa agreement with a leading Japanese trader that supplies anode material to major OEM supply chains (Tesla, Toyota).

Battery Anode Facilities

NextSource Materials u200bBattery Anode Facilities

NextSource’s BAFs are value-added processing plants designed to convert smaller flake graphite into high-performance anode material, an essential component of lithium-ion batteries used in electric vehicles.

NextSource Materials

Project Highlights

Technology and Product Focus:

  • Using a proprietary and proven processing technology, licensed exclusively by NextSource and currently supplying major OEMs, the BAFs will produce spherical purified graphite (SPG) and coated SPG (CSPG) through a process verified within, and currently being used by, the Tesla and Toyota supply chains.
  • The CSPG production process involves micronizing flake graphite, shaping it into spheres (spheroidization), purifying it and applying a hard carbon coating to enhance durability and performance in battery applications.

Pilot to Commercial Progression:

  • A pilot BAF in Mauritius successfully validated NextSource’s processing technology and facilitated advanced product qualification with Tier 1 EV and battery manufacturers.
  • In 2025, the company redirected its BAF expansion focus from Mauritius to the Middle East, identifying Saudi Arabia and the UAE as ideal first locations due to favorable permitting, infrastructure, and access to global EV markets.

Strategic Plans and Economic Advantages:

  • NextSource’s established technical process gives it a competitive advantage by significantly reducing the time and cost required for R&D and qualification phases.
  • The modular BAF rollout strategy supports flexible scaling, with additional facilities planned for North America, Europe, and Asia to meet growing OEM demand.
  • Feedstock will be sourced primarily from the Molo Mine, with provisions for qualified third-party graphite as needed.

Green Giant Vanadium Project

The Green Giant vanadium project is a 100-percent-owned, advanced-stage exploration asset located in south-central Madagascar, approximately 15 kilometers from the Molo Graphite Mine. It is one of the world’s largest known vanadium deposits and a potential future growth driver for NextSource.

Project Highlights

Resource Profile:

  • NI 43-101 compliant resource of approximately 60 million tonnes, grading an average of 0.7 percent vanadium pentoxide at a 0.5 percent cut-off.
  • The deposit is sediment-hosted, a rare geological profile seen in only about 5% of vanadium occurrences, and favorable for producing high-purity vanadium compounds.

Strategic Importance:

  • Vanadium is a key material in vanadium redox flow batteries (VRFBs), which are emerging as a critical solution for long-duration grid-scale energy storage—a necessary component of the transition to renewable power.
  • With increasing global focus on decarbonizing power systems, Green Giant provides long-term optionality in a growing adjacent market.

Development Status:

  • Over US$20 million has been invested in exploration and development since acquisition in 2007.
  • While currently on hold to maintain focus on graphite and anode material commercialization, the project remains a strategic asset for future energy storage market expansion.

Management Team

Hanré Rossouw – President and Chief Executive Officer, Director

Hanré Rossouw joins NextSource from his role as executive director and chief financial officer of Sasol Limited with extensive experience in the global natural resources industry over the last 25 years. A British and South African national, Rossouw has held senior positions in leading global mining and investment companies where his roles involved business development, M&A, capital markets, asset management and growth optimization.

Craig Scherba – Chief Development Officer, Director

Craig Scherba brings extensive operational and geologic experience, having discovered both the Molo and Green Giant deposits. He currently heads up development of NextSource’s downstream OEM offtake strategy and plans.

Jaco Crouse – Chief Financial Officer

Jaco Crouse brings over 20 years of experience in the global natural resources sector, with expertise in M&A, capital markets and financial strategy. He held senior positions at Glencore and Xstrata.

Brent Nykoliation – EVP, Strategy and Corporate Affairs

Brent Nykoliation joined the senior management team at NextSource Materials as vice-president in 2007 and leads strategy and corporate affairs for the company. In addition, he oversees all communications with graphite customers, institutional investors and analysts for the company.

He brings over 20 years of senior management experience, having held marketing and strategic development positions with several Fortune 500 corporations in Canada.

Dr. Tilo Hauke – EVP, Downstream Operations

Dr. Tilo Hauke leads the development of the company’s BAFs, focused on producing commercial-scale graphite anode material for lithium-ion batteries used in electric vehicles. He previously spent two decades at SGL Carbon SE, a global leader in carbon and graphite products, holding senior roles including SVP of Fuel Cell Components and Group VP of Technology and Innovation.

Danniel Stokes – VP, Special Projects

Daniel Stokes spearheads the project management aspects of the company, with significant experience across a diverse portfolio of projects in mining, infrastructure and nuclear industries.

Markus Reichardt – VP, Sustainability

Markus Reichardt is responsible for driving the company’s safety, health, environment, social, climate change and quality performance and initiatives. He has a 25-year track record in operational, senior corporate and advisory roles in the resources, agricultural and renewables sectors across the developing world.

Jean Luc Marquetoux – Country Manager

Jean Luc Marquetoux brings nearly three decades of experience in mining and project development in Madagascar and brings deep regional and governmental expertise in Madagascar.

Board of Directors

Sir Mick Davis – Chairman

Sir Mick Davis is the CEO of Vision Blue Resources and a highly successful mining executive accredited with building Xstrata plc into one of the largest mining companies in the world before its acquisition by Glencore plc.

Ian Pearce – Director

Ian Pearce is the former CEO of Xstrata Nickel, and was the former COO of Falconbridge Limited, which was acquired by Xstrata Plc in 2006. Xstrata Plc’s acquisition of Falconbridge was one of the largest mining takeovers globally and one of the largest takeover bids in Canadian history.

Brett Whalen — Director

Brett Whalen has over 20 years of investment banking and M&A expertise, spending over 16 of those years at Dundee Corporation. During his tenure at Dundee, Whalen was directly involved in completing approximately $2 billion in M&A deals and helped raise over $10 billion in capital for resource sector companies.

Christopher Kruba – Director

Christopher Kruba is vice-president and legal counsel to Nostrum Capital Corporation and several related corporations that are part of the Toldo Group.

Martina Buchhauser – Director

Martina Buchhauser is a globally recognized leader in the automotive industry, with deep expertise in sustainable mobility and the transition to low-carbon, responsible business practices. Her executive career includes senior roles in global procurement and supply chain management at General Motors, MAN, BMW, and most recently Volvo Cars.

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A House GOP lawmaker is entering the race to become South Carolina governor on Friday, his campaign confirmed to Fox News Digital.

Rep. Ralph Norman, R-S.C., a member of the conservative House Freedom Caucus, is expected to kick off his campaign with an event in Rock Hill, South Carolina, on Friday.

As of Friday morning, his non-congressional X account had been changed to say, ‘Ralph Norman for Governor.’

He’s a fiscal hawk on the House GOP’s rightmost flank, where he’s joined other like-minded colleagues in upending leaders’ legislative agenda at times in the name of pushing for more conservative policy wins.

Norman is joining a crowded Republican primary field with his new gubernatorial bid. South Carolina Attorney General Alan Wilson, Lt. Gov. Pamela Evette and state Sen. Josh Kimbrell are also in the race.

Meanwhile, Norman’s House colleague, Rep. Nancy Mace, R-S.C., is also said to be considering a campaign for governor.

‘We wish Congressman Ralph Norman the best of luck today as he announces his run for Governor,’ Mace said in a statement on X.

Norman previously ran the Warren Norman Company, a commercial real estate development business started by his father.

Before being elected to Congress via special election in 2017, Norman served in the South Carolina state House from 2009 to 2017.

A longtime ally of former South Carolina Gov. Nikki Haley, Norman was the only House Republican to formally endorse her before Haley dropped out of the race, after which Norman emphatically backed President Donald Trump.

He told Fox News Digital of his endorsement in January 2024, ‘When I supported Nikki Haley, I had the respect of Donald Trump to call him, and I told him what I was gonna do, and I decided I was going to do it.’

Norman has been a vocal supporter of Trump since Haley’s exit. He was most recently at the White House earlier this week with other House Republicans for a reception celebrating their legislative successes.

Earlier this year, he was part of a group of conservatives in the House Freedom Caucus forcing last-minute changes to the president’s ‘big, beautiful bill’ that they said fell more in line with what Trump actually wanted.

Current South Carolina Gov. Henry McMaster, also a close Trump ally, is term-limited at the end of 2026.

The president’s endorsement will likely play a decisive role in the Palmetto State’s GOP primary.


This post appeared first on FOX NEWS

Former House Speaker Nancy Pelosi, D-Calif., exuded confidence as she declared to Gen Z activists at the Voters of Tomorrow summit that the Democrats would take back the House in 2026.

‘We have no doubt that we will win the election with the House of Representatives,’ Pelosi said, eliciting applause from the crowd. She then responded to the cheers by once again saying ‘No doubt.’

The longtime California lawmaker also said she was confident that House Minority Leader Hakeem Jeffries, D-N.Y., would be speaker of the House after the 2026 midterms.

While Pelosi was confident about the Democrats’ chances, she also emphasized the need for preparation. The former House speaker credited early preparation for the Democrats’ victories in 2006 and 2018 to early preparation, saying that 2026 could be the same. 

‘It’s important to be strong in the year in advance, because that’s when the troops line up. We have our messaging, we have our mobilization, we need the money to do it, but they go only next to a school to hold up the most important part: the candidate,’ she said.

However, Pelosi sees another element as being key to Democrats’ victory: bringing down President Donald Trump’s approval rating. The former House speaker called Trump’s current numbers ‘terrible.’

‘By October — certainly by November, but by October, we will have — with the help of so many people working — we’ll have taken what’s his name’s numbers down,’ Pelosi said.

A recent Fox News Poll found that 46% of voters approve of Trump’s performance, while 54% disapprove. That’s exactly where things stood last month, and better than at this point 8 years ago when 41% approved.

The Voters of Tomorrow summit boasts a lineup of high-profile speakers alongside Pelosi, including former Vice President Kamala Harris, Rep. Ro Khanna, D-Calif., Rep. Jamie Raskin, D-Md., and David Hogg. Both Harris and Raskin are set to address the group virtually.

Fox News’ Dana Blanton and Victoria Balara contributed to this report.


This post appeared first on FOX NEWS

The Pentagon has suspended participation in all think tank events until further notice, departing from a history of dialogue with Washington’s civilian national security realm.

The move is an attempt ‘to ensure the Department of Defense is not lending its name and credibility to organizations, forums and events that run counter to the values of this administration.’

‘Going forward, no DOD official will attend events by America Last organizations that promote globalism and hate (President Donald Trump),’ Pentagon press secretary Kingsley Wilson wrote on X. 

In the future, the Defense Department (DOD)’s Office of Public Affairs will conduct a ‘thorough vetting’ every time an official is invited to a conference to decide whether the event advances Trump’s agenda.

Such security events often are funded by foreign governments or defense contractors and serve as a space for such players to push a message or a product they sell to key officials and for defense officials to put out a message of their own from the U.S. government. 

The move comes after the Pentagon yanked its officials from participation in the Aspen Security Forum — a gathering of defense-minded industry leaders and researchers. 

Wilson had said the secretary’s office believed that event ‘promotes the evil of globalism, disdain for our great country, and hatred for the President of the United States.’

Several top military officials had been scheduled to speak at the event. 

Historically, defense secretaries have participated in defense conferences and think tank events like the Munich Security Conference or the Reagan Defense Forum.

Hegseth skipped out on the Munich Security Conference but attended the International Institute of Strategic Studies (IISS) Shangri-La Dialogue in Singapore in May.  

Aspen previously told Fox News Digital, ‘For more than a decade, the Aspen Security Forum has welcomed senior officials – Republican and Democrat, civilian and military – as well as senior foreign officials and experts, who bring experience and diverse perspectives on matters of national security. We will miss the participation of the Pentagon, but our invitations remain open.’


This post appeared first on FOX NEWS

 

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals & Mining Virtual Investor Conference, held July 23 rd and 24 th are now available for online viewing.

 

   REGISTER AND VIEW PRESENTATIONS HERE   

 

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section.

 

Select companies are accepting 1×1 management meeting requests through July 29 th .

 

  July 23   rd  

 

                      
  Presentation     Ticker(s)  
Andean Silver Ltd.   (OTCQX: ADSLF | ASX: ASL)  
G50 Corp. Limited   (OTCQB: GFTYF | ASX: G50)  
Silver Tiger Metals Inc.   (OTCQX: SLVTF | TSXV: SLVR)  
Viva Gold Corp.   (OTCQB: VAUCF | TSXV: VAU)  
Liberty Gold Corp.   (OTCQX: LGDTF | TSX: LGD)  
UR-Energy Inc.   (NYSE American: URG | TSX: URE)  
Arizona Sonoran Copper Company   (OTCQX: ASCUF | TSX: ASCU)  
Northisle Copper & Gold Inc.   (OTCQX: NTCPF | TSXV: NCX)  
 Element79 Gold Corp.   (OTCQB: ELMGF | CSE: ELEM)  
Rackla Metals Inc.   (TSXV: RAK)  

 

  
July 24
  th  

 

                
  Presentation     Ticker(s)  
Heliostar Metals Ltd.   (OTCQX: HSTXF | TSXV: HSTR)  
Camino Minerals Corp   (OTCID: CAMZF | TSXV: COR)  
West Red Lake Gold Mines Ltd.   (OTCQB: WRLGF | TSXV: WRLG)  
 Silver47 Exploration Corp.   (OTCQB: AAGAF | TSXV: AGA,OTC:AAGAF)
Axcap Ventures Inc.   (OTCID: GARLF | CSE: AXCP)  
AbraSilver Resource Corp.   (OTCQX: ABBRF | TSX: ABRA)  
Myriad Uranium Corp.   (OTCQB: MYRUF | CSE: M)  

 

 
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

 

  About Virtual Investor Conferences   ®

 

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

 

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

 

  Media Contact:  
OTC Markets Group Inc. +1 (212) 896-4428,   media@otcmarkets.com   

 

  Virtual Investor Conferences Contact:  
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com  

 

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Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that the Company has filed documents with the TSX Venture Exchange (the ‘Exchange’) seeking conditional approval for its $3 million, $1.00 unit (‘Unit’) private placement financing (the ‘Financing’).

Further, and on receipt of Exchange approval, the Company will close a first tranche for gross proceeds of $1,568,000 and will issue 1,568,000 Units, each Unit consisting of one common share of the Company and one common share purchase warrant (the ‘Warrants’), the warrants being exercisable for an additional common share of the Company at an exercise price of CA$1.30 for 24 months. The Warrants will be subject to the right of the Company to accelerate the exercise period of the warrants if shares of the company close at or above CA$2 for a period of 10 consecutive trading days.

Proceeds from the financing will be used for project payments, continuing development of the Company’s projects and general working capital. In connection with the Financing and on receipt of Exchange approval, the Company will pay cash finder’s fees of $28,455 and issue 28,455 Non-Transferable Broker Warrants. All securities issued pursuant to the Financing are subject to a four-month and one-day hold period.

One insider subscribed to the Financing for $100,000 or 100,000 Units, that portion of the Financing is a ‘related party transaction’ as such term is defined under MI 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company’s market capitalization.

UPDATE ON $6M INSTITUTIONAL FINANCING

Further to Homerun’s News Release of June 16th 2025, announcing the Binding Term Sheet with an institutional investor, the Company is pleased to provide an update that the financing is in final review and closing processes with the Exchange.

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

  • Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

  • Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.,

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260023

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America runs on gas stations. The US has more gas stations than any other country in the world, around 196,000. These rest stops and corner pumps supply the country with the gas it needs for its commerce and road trips.

Not only do they fuel the wheels of the American economy, they have also been an icon in American culture. To the average person, the legal history of filling stations might seem boring, even pointless. But to the trained eye, the history of gas stations reveals a political economy shaped by public-private collusion, cronyism, and even violent attempts to eliminate competition.

Self-service laws, statutes that prevent customers from pumping their own gas, are almost obsolete in 2025. In fact, only one state, New Jersey, has this law on its books. For years, Oregon and New Jersey were the last remaining states to have self-service laws on the books, but the Oregon Legislature repealed them in 2023.

While it may seem strange to some readers, the concept of self-service was not always the historical norm. In 1905, the first gas station was opened in St. Louis, Missouri. Fifteen years later, the United States experienced a boom in gas station construction, with roughly 20,000 service stations operating by 1920. Full-service stations, where an employee of the gas station pumps gas for the customer, were originally the norm. The concept of self-service did not emerge until the 1930s, and because of bans, self-service stations did not become widespread until the 1960s. But why was that the case? Simply put: the history of self-service laws is a history of rent seeking.

In 1930, Indiana became the first state to ban self-service at fuel stations. This ban did not occur in a vacuum; it was a direct response to the political entrepreneurship of businessmen. Following the opening of two self-service stations in 1930, the Indiana Petroleum Association lobbied the state fire marshal to ban self-service. This was done as this new model at the pump threatened the profits of full-service stations.

This story repeats itself across the country. In NJ, for example, a self-service ban was passed in 1949. According to Paul Mulshine, local full-service station owners had entered into a price-fixing agreement with each other. Naturally, this gas cartel was formed as a way of protecting their profits and keeping out competition. But a man by the name of Irving Reingold opened a self-service station offering gas at a few cents lower than the price-fixed rate. This drew in major business for Reingold, but the cartel was not happy. They shot up Reingold’s gas station, but he simply installed bulletproof glass. With this attempt not working, the cartel turned to lobbying and the Retail Gasoline Dispensing Safety Act was passed. Not only does this story show the public choice history of self-service laws, but also how easily cartels collapse under price competition.

Despite their popularity with the public, self-service threatened the profits of incumbent gas stations. Full-service stations saw their customers buy gas at the cheaper, newly opened self-service stations. Naturally, these businesses did not want to face this new competition, and all across the country, the lobbying of state fire marshals took place to eliminate self-service gas stations. In 1948, nine states had banned self-service.

Economists Ronald Johnson and Charles Romeo note in their article on self-service bans that “in 1968, only 27 states allowed the self-service dispensing of gasoline, and some of those states required that attendants be standing by.” Things began to change, however, and self-service laws were repealed, bringing back freedom of choice at the pump. By 1977, every state except for New Jersey and Oregon had removed self-service bans.

While many claim self-service laws were passed because of benevolent politicians’ care for the public interest, history shows these efforts had far more to do with cronyism than public safety. 

More than just a story in public choice, self-service bans also reiterate basic Econ101 principles.

Self-service bans make the market for gasoline less competitive. Firms must pay more for labor to comply with self-service laws. These higher costs act as a barrier to entry for new firms. These bans also have the distorting effect of making gas stations compete on narrower margins. Economist Vitor Melo notes that gas prices fall by 4.4 cents per gallon when self-service bans are repealed. While self-service bans may seem minuscule, they ultimately harm the common good by limiting competition, violating property rights, and making gas less affordable for consumers.

Self-service laws hold a more interesting history than initially perceived. This story of cronyism and rent seeking vs. entrepreneurship and innovation has played out millions of times across countries and years. Despite the claims by many that laws are passed in the name of the public interest, the history of self-service laws makes one take a step back to examine that claim. Just like other regulations, self-service laws were passed as a way of protecting business against competition.

To learn the full story, read my article published in the Independent Review on the topic.

Senate Democrats have begun to ramp up their push for the full release of documents related to the late, convicted sex offender Jeffrey Epstein, while Senate Republicans have tried to focus their attention elsewhere.

‘The story Republicans hoped would quietly fade is growing louder by the hour,’ Senate Minority Leader Chuck Schumer, D-N.Y., said on the Senate floor.

Schumer has led the charge among Senate Democrats in demanding more transparency on the Epstein issue, and has used the drama in recent weeks as a political cudgel to go after congressional Republicans and the White House.

His remarks come after a recent Wall Street Journal report alleged that President Donald Trump’s name appeared in the documents surrounding Epstein, and that he was told by the Justice Department about it before publicly saying he was not among the untold number of names within the documents.

Trump also ordered Attorney General Pam Bondi to ‘produce any and all pertinent Grand Jury testimony’ on the matter, and top Justice Department official Todd Blanche met with Epstein accomplice Ghislane Maxwell in Florida on Thursday to discuss the late pedophile and alleged sex trafficker.

‘It has the stench of a cover-up,’ Sen. Richard Blumenthal, D-Conn., a member of the Senate Judiciary Committee, told Fox News Digital. ‘The only right outcome here is to release and disclose all the files. There should be no secret meetings or secret deals.’

However, the Epstein saga has not had near the effect in the Senate as in the House, where House Speaker Mike Johnson, R-La., sent lawmakers home early this week for a monthlong break after some Republicans and Democrats joined forces in their calls to bring the so-called Epstein files out in the open.

Senate Republicans, meanwhile, have downplayed the issue, arguing that Congress has far less power to obtain the information than the Justice Department does.

Sen. Ron Johnson, who chairs the Senate Permanent Subcommittee on Investigations, told Fox News Digital that he does not like ‘duplicating efforts,’ but noted that he is still curious to know more information about the Epstein documents.  

‘I’m like every American who knows anything about this – I’m curious,’ the Wisconsin Republican said. ‘It doesn’t make any sense to me, starting back with his original trial and very light sentence. But I think there are far more important things to worry about.’

Senate Democrats are trying to force the issue, however. Sen. Ruben Gallego, D-Ariz., again tried to introduce a non-binding resolution that called on Bondi to release all files related to Epstein, and the move was again blocked by Sen. Markwaye Mullin, R-Okla. 

Gallego said that the White House continues to make the issue ‘political theater,’ something that began on the campaign trail.

‘They fed this monster, and now they have to figure out the solution to what the American public is asking for, which is, you know, resolution and answers to their questions,’ he said.

Mullin, however, introduced his own resolution that comported with the president’s order for state and federal courts to release all Epstein documents surrounding the criminal investigation and prosecution against him. But when Gallego offered to combine the two, he objected, and accused him of turning the issue into a ‘political football.’

‘One, in this particular case — in a lot of cases — we’re not willing to stretch the truth to tell something that’s not accurate,’ Mullin said. ‘We want to be accurate with what we’re telling the American people. And the truth is, what can Congress do?’

So far, Mullin’s resolution is the only action offered by Senate Republicans in the ongoing Epstein saga. When asked if he would be interested in bringing the resolution to the floor for a vote, Senate Majority Leader John Thune, R-S.D., said ‘obviously there is some interest in taking action on it, and we’ll see how intense that feeling is.’

Still, some Republicans want to focus their efforts elsewhere.

‘I hope we don’t waste our time on that,’ said Sen. John Cornyn, R-TX, and a member of the Senate Judiciary Committee. ‘We’ve got enough to do.’ 


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