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Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company‘ or ‘Lahontan‘) is pleased to announce that the Company signed a binding term sheet (the ‘Term Sheet‘) on August 18, 2025 to acquire 27 unpatented lode mineral claims (the ‘YorkClaims’) from Emergent Metals Corp. (‘Emergent’),adding approximately 2.1 km2 of strategic mineral rights to the Santa Fe Mine Project. The claims adjoin the Santa Fe Mine Project immediately south and southeast of the York open pit and gold mineral resource* (please see map below). Resource modeling completed as part of the recent Preliminary Economic Assessment (‘PEA’) of the Santa Fe Mine Project* demonstrated that gold-silver mineral resources extended in the direction of the York Claims. The acquisition of the York claims will allow the expansion of the York open pit and potentially, a substantial increase of mineral resources in the York area.

Detailed map of the eastern portion of the Santa Fe Mine Project, Mineral County, Nevada. Modeled gold and silver mineral resource blocks are shown in yellow, red and orange; the conceptual pit shells used to constrain the mineral resource estimate* are shown in red. An approximate outline of the newly acquired York Claims is shown in bold red.

Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: ‘Lahontan is very excited to acquire the York Claims that are directly adjacent to the York gold mineral resource*. The newly acquired claims will allow a considerable layback of the York pit during mine planning and in mineral resource estimation. Modeling of gold and silver mineralization at York in the Santa Fe Mine Project PEA was constrained by a pit shell that must honor the property boundary*. With the addition of the York Claims, that pit can be greatly expanded, potentially adding resource ounces plus opening up compelling targets for further gold and silver mineral resource expansion. Coupled with recently completed exploration drilling, the Company continues its path of growing size and scale of the Santa Fe Mine Project and enhancing shareholder value’.

Emergent and Lahontan contemplate completing a Definitive Agreement (the ‘Agreement‘) within 30 days of signing the Term Sheet. The transaction (the ‘Transaction‘) is subject to all necessary approvals, including regulatory approval. Terms of the Transaction include:

  • On signing the Term Sheet, Lahontan will pay Emergent’s U.S. subsidiary, Golden Arrow Mining Corporation (‘GAMC‘), a sum of US$10,000.
  • On signing the Agreement, Lahontan will issue GAMC a US$50,000 promissory note, with a 1% per month interest rate, and payable within six months of signing the Agreement.
  • On signing the Agreement, Lahontan will issue 2,000,000 common shares of Lahontan Gold Corp. to GAMC or its designee.
  • On signing of the Agreement, payment of the cash, issuance of the shares, and issuance of the promissory note outlined above, GAMC will facilitate the transfer of the York Claims to Lahontan or its designee, to be completed within 30 days.
  • As part of the transfer, Lahontan will grant GAMC a 1% NSR royalty (the ‘Royalty‘) on the York Claims. At any time before the third anniversary of the Agreement, Lahontan may purchase the Royalty for US$500,000. After the third and before the seventh anniversary of the Agreement, Lahontan may purchase the Royalty for US$1,000,000. The terms and conditions of the Royalty will be defined in the Agreement.

Regarding scientific data on the York Claims by provided previous claimants, the QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the York Claims property that is subject to the disclosure.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.

On behalf of the Board of Directors

Kimberly Ann
Founder, CEO, President, and Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair

Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange(‘TSXV’) 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. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedarplus.com

Click here to connect with Lahontan Gold (TSXV:LG,OTCQB:LGCXF) to receive an Investor Presentation

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House GOP allies of President Donald Trump are nominating him for the Nobel Peace Prize amid his ongoing efforts to stop the war between Russia and Ukraine.

Rep. Andy Ogles, R-Tenn., is spearheading a letter to the Nobel Committee on Tuesday alongside Rep. Marlin Stutzman, R-Ind. 

Their nomination hails Trump as a peacemaker on several fronts, the most recent being his summit with Russian President Vladimir Putin and subsequent meeting with European leaders, including Ukrainian President Volodymyr Zelenskyy.

‘We respectfully submit this nomination of President Donald J. Trump for the Nobel Peace Prize, in recognition of his concrete contributions to international fraternity, his leadership in reducing conflict and the risk of war, and his commitment to fostering dialogue as a path toward reconciliation,’ Ogles and Stutzman wrote. 

‘His decisive leadership in securing landmark diplomatic agreements, de-escalating global conflicts, and actively pursuing peaceful resolutions to some of the world’s most entrenched disputes has led and continues to lead to a more peaceful world.’

Trump met with Putin in Alaska on Friday, the first time the Russian Federation leader spoke face-to-face with a U.S. president since the pair previously sat down together during Trump’s first term. Both sides described the meeting in positive terms.

It was followed by an extraordinary gathering at the White House on Monday with Zelenskyy and other leaders, where Trump pledged Ukraine would have ‘a lot of help’ for security, while specifying that Europe would be Kyiv’s ‘first line of defense.’

Trump said on Truth Social later that he spoke with Putin at the conclusion of that meeting and ‘began arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy.’

House Republicans’ nominating letter noted Trump’s move in ‘hosting a high-stakes summit with President Vladimir Putin in Alaska on August 15, 2025, focused on establishing a path towards a Ukraine ceasefire, prisoner exchanges, humanitarian corridors, and future security arrangements—a significant step in reopening direct, constructive dialogue.’

It also lauded him for ‘hosting a meeting with President Volodymyr Zelenskyy and numerous other European leaders on August 18, 2025, to discuss security guarantees for Ukraine and facilitating a discussion between Presidents Zelenskyy and Putin to bring about a just and lasting peace in the region.’

Russia invaded Ukraine in a bid to take over the ex-Soviet territory-turned-sovereign state in February 2022. 

Both countries have been locked in a bloody war that has taken thousands of lives, including heavy civilian casualties in Ukraine from Russia’s attacks on non-military targets.

Trump has argued multiple times that Moscow would not have invaded if he were president at the time.

Putin, along similar but not identical lines, said Friday that he believed there would have been no war if Trump was president at the time.

In addition to dealing with his efforts to resolve the Eastern European conflict, Ogles and Stutzman’s letter also lauded Trump for brokering a historic peace agreement between Armenia and Azerbaijan, ‘engaging directly with regional leaders on the Gaza conflict,’ along with peace agreements struck during his first term, such as the Abraham Accords.

‘Because of President Trump’s leadership, more people are alive today, and there are fewer wars in the world than before,’ Ogles told Fox News Digital.

‘He is a champion of America First statesmanship, proving that strength and prudence—not globalism—are the keys to lasting U.S. foreign policy. No other world leader can claim to have halted wars and begun resolving centuries-old disputes.’

Stutzman, calling Trump ‘the president of peace,’ added, ‘There is no one on the planet more deserving of this year’s Nobel Prize and multiple world leaders have recognized that.’


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Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) (‘Purepoint’ or the ‘Company’) announces that it has set the final size of its previously announced non-brokered flow-through private placement (the ‘Offering’) at $6,000,000. The book is now fully subscribed, and no further subscriptions will be accepted.

The Offering will now be comprised of a combination of the following:

  • 3,846,154 Saskatchewan flow-through units of the Company (each, a ‘SFT Unit‘) at a price of $0.65 per SFT Unit for aggregate gross proceeds of $2,500,000 with each SFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘SFT Share‘) and one common share purchase warrant (each, a ‘Warrant‘);
  • 4,479,757 national flow-through units of the Company (each, a ‘NFT Unit‘) at a price of $0.59 per NFT Unit for aggregate gross proceeds of $2,643,057 with each NFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘NFT Share‘) and one Warrant; and
  • Up to 1,452,446 traditional flow-through units of the Company (each, a ‘TFT Unit‘, together with the SFT Unit and the NFT, the ‘Units‘) at a price of $0.59 per TFT Unit for aggregate gross proceeds up to $856,943 with each TFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘TFT Share‘, together with the SFT Shares and the NFT Shares, the ‘FT Shares‘) and one Warrant.

Each Warrant entitles its holder to purchase one common share of the Company (each a ‘Warrant Share‘) at an exercise price of $0.50 per share for a period of 24 months from the date of issuance.

The gross proceeds of the FT Shares sold under the Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) which qualify as a ‘flow-through mining expenditure’ for purposes of the Income Tax Act (Canada) related to the exploration program of the Company to be conducted on the Company’s properties located in the Athabasca Basin, Saskatchewan. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2025.

The completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and corporate approvals, including the approval of the listing of the FT Shares and the Warrant Shares on the TSX Venture Exchange. Resale of the securities of the Company distributed under the Offering will be subject to a statutory hold period in Canada of four months and one day following the closing date of the Offering. The Company is targeting to close the Offering on or around August 28, 2025.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation’s McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

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

Disclosure regarding forward-looking statements

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion of planned exploration activities, the ability of the Company to complete the Offering on the proposed terms or at all, statements regarding the tax treatment of the Units and the timing to renounce all Canadian Exploration Expenses, the anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner, that the Company will be able to complete the Offering on the terms as anticipated by management, that the Company will use the proceeds of the Offering as anticipated, and that the Company will receive regulatory approval with respect to the Offering. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company will not be able to complete the Offering on the terms as anticipated by management or at all, that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering, risks relating to the actual results of current exploration activities, fluctuating uranium prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by 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 forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

For Immediate Release – Not for Dissemination in the United States or through U.S. Newswire Services

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263009

News Provided by Newsfile via QuoteMedia

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One Senate Republican has crafted a blueprint for how conservatives can take on Democrats in the courts and win.

Before he was in Washington, D.C., Sen. Eric Schmitt, R-Mo. served as Missouri’s attorney general during the beginning of the COVID-19 pandemic. And during that time, he filed lawsuit after lawsuit challenging the Biden administration, Dr. Anthony Fauci and even going so far as to sue China.

And more often than not, be it through uncovering discrepancies during the discovery process or winning multibillion-dollar settlements, Schmitt was mostly successful in challenging Democratic ‘lawfare.’

‘The fact of the matter is, what our fights were, were about restoring individual liberty and pulling back the expanse of government,’ Schmitt told Fox News Digital in an interview. ‘What the Left is trying to do now with their lawfare machine was, number one, they’re trying to put their opponents in jail, but then also to defend the expanse of government, to defend the administrative state. And I think if we have the right arguments, we can win.’

Schmitt detailed how to secure those winning arguments through his own experiences in his latest book ‘The Last Line of Defense: How to Beat the Left in Court.’

He described the book as ‘a field manual from the front lines of the battles that were fought against the left-wing law machine.’ Indeed, Schmitt outlined a guide for attorneys general across the country to take on challenges at all levels, from local to federal.

‘Our playbook really is… really in response to what their playbook was, to create a manufactured emergency, a real or manufactured emergency, to aggregate power, to exercise it in ways that never were imagined to other folks who disagree and silence dissent,’ Schmitt said. ‘That’s what they were really trying to do.’

In some cases, he went beyond the country’s borders and sued a foreign country, as Schmitt did to China. He argued in the book that the Chinese Communist Party had withheld information on the COVID-19 virus, and was actively hoarding high-quality personal protective equipment (PPE) while producing and selling lower-quality PPE for the rest of the world. That case resulted in an eventual $24 billion judgment earlier this year.

From there, Schmitt challenged former President Joe Biden’s student loan debt cancellation plan by focusing his case on a local student loan servicing company, a plan that was ultimately blocked by the Supreme Court just months into Schmitt’s first year as a lawmaker in 2023.

Through it all, the pandemic was the ‘inflection point,’ Schmitt said, and his biggest target became Fauci.

He got an opportunity to depose Fauci, who served as the former director of the National Institute of Allergy and Infectious Diseases (NIAID) and medical advisor to Biden, as part of his lawsuit taking on censorship and suppression by social media platforms like Facebook.

‘He wanted to silence anybody who talked about it being a lab leak,’ Schmitt said. ‘Which, of course, we know is that’s exactly what it was now. It wasn’t some bat mating with a penguin, you know, this was actually in the Wuhan Institute of Virology is where this thing came from.’

Schmitt, who is a fan of both Supreme Court Justice Clarence Thomas and the late Justice Antonin Scalia — particularly Scalia’s usage of originalism, or interpreting the Constitution as it was written rather than as a living document — noted in the book that there has been a ‘complete shift’ in the courts.

In particular, conservative-leaning justices have the majority on the Supreme Court, and courts across the country are being filled, albeit slowly, with President Donald Trump’s picks.

When asked if he was at all concerned about partisan politicking coming to the bench, Schmitt countered that courts are returning to a legal system that had been ‘disrupted by the progressive era, beginning with Woodrow Wilson and the rise of the administrative state, FDR, who threatened to pack the court.’

‘The Constitution means exactly what it says, nothing more, nothing less, just like our laws,’ he said. ‘They mean what they say, nothing more, nothing less.’ 

‘I don’t want a judge to necessarily agree with my politics,’ he continued. ‘I just want a judge to adhere to the Constitution.’


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Top silver miners around the world delivered a slate of stronger second quarter earnings as a mixture of higher realized prices and production gains boosted results across the sector.

Spot silver has broken decisively above the US$35 per ounce level — its highest in more than 14 years — fueled by structural supply deficits and robust industrial demand that have tightened the market.

Analysts note that silver’s long-awaited catch-up to gold is underway, with the gold-silver ratio narrowing from April’s peak of 105 to around 94, signaling silver’s relative strength.

Against this backdrop, the second-quarter earnings from silver majors illustrate how producers are capitalizing on elevated prices and investor interest.

Pan American Silver delivers record earnings

Pan American Silver (TSX:PAAS,NYSE:PAAS) posted record net earnings of US$189.6 million for the second quarter, or US$0.52 per share, supported by record mine operating earnings of US$273.3 million.

Revenue came in at US$811.9 million, while silver output reached 5.1 million ounces and gold production was 178,700 ounces.

Furthermore, the MAG Silver acquisition, approved by shareholders in July, is expected to close in the second half of the year. Pan American said Juanicipio should lift its silver production by roughly 35 percent on an annualized basis and meaningfully lower all-in sustaining costs.

Meanwhile, the company also confirmed that it remains engaged in consultations with the local Xinka Parliament at the Escobal mine in Guatemala under ILO Convention 169 amid pushback regarding the project’s planned restart.

First Majestic reports record revenue

First Majestic Silver (TSX:AG,NYSE:AG) recorded its strongest quarter to date, with silver equivalent production rising 48 percent year-over-year to 7.9 million ounces, including 3.7 million ounces of silver.

The company also posted a record quarterly revenue of US$264.2 million, nearly double the US$136.2 million posted a year earlier. Average realized silver prices rose to US$34.62 per silver equivalent ounce, while payable sales volumes climbed 42 percent.

The company ended the quarter with 424,272 ounces of silver in inventory, valued at US$15.3 million but not recognized in quarterly revenue. The board also declared a dividend of US$0.0048 per share for the period.

Production gains were driven by stronger performance at the San Dimas mine in Mexico , where output rose 9 percent, and contributions from the Los Gatos joint venture also in Mexico, which added 1.5 million attributable ounces of silver.

Endeavour Silver expands through Kolpa acquisition

Endeavour Silver (TSX:EDR,NYSE:EXK) reported silver production of 1.48 million ounces and gold output of 7,755 ounces, for total silver equivalent production of 2.5 million ounces, up 13 percent year-on-year.

Overall revenue also rose 46 percent to US$85.3 million, supported by higher realized prices of US$32.95 per ounce of silver and US$3,320 per ounce of gold.

Furthermore, the company completed its acquisition of Minera Kolpa on May 1, funded in part by a US$50 million equity financing.

Endeavour also said that it has advanced commissioning at its Mexico-based Terronera project, which is nearing commercial production. Milling rates reached up to 2,000 metric tons per day by late July, with silver recoveries averaging 71 percent and gold recoveries at 67 percent.

Hecla Mining hits records across the board

US and Canada-focused Hecla Mining (NYSE:HL) reported record quarterly revenue of US$304 million, a 16 percent increase from the prior quarter.

Net income came in at US$57.6 million, or US$0.09 per share, while adjusted EBITDA reached US$132.5 million. The company said free cash flow also reached record levels.

Silver costs remained low, with cash cost per ounce after by-product credits at negative US$5.46 and all-in sustaining costs at US$5.19 per ounce.

On the production side, milestones were set at key operations: the Lucky Friday mine (Idaho) established a new milling record of 114,475 tons, while Greens Creek (Alaska) delivered positive gold output owing to higher grades.

Silvercorp maintains consistency

Silvercorp Metals (TSX:SVM,NYSEAMERICAN:SVM) produced 1.8 million ounces of silver in its fiscal first quarter, along with 2,050 ounces of gold, 15.7 million pounds of lead, and 5.2 million pounds of zinc from its Ying Mining District in China’s Henan Province.

The Vancouver-based firm also posted revenue of US$81.3 million, with income from mine operations standing at US$35.8 million.

Silvercorp said that the margins are slightly lower than the prior year as higher processing volumes increased costs and royalties in China.

Nevertheless, the company stated that despite higher royalties and processing expenses offsetting some of the benefit of stronger realized prices, it remains profitable and cash-flow positive.

Fresnillo Navigates Lower Silver Output

Fresnillo (LSE:FRES,OTC Pink:FNLPF), one of Mexico’s largest gold and silver producers, reported revenues of US$1.94 billion for the first half of 2025, up 30 percent from the same period in 2024.

On production, the company reported that attributable silver production was 24.9 million ounces in the first half, down 11.7 percent from the year prior due to the closure of San Julián DOB and lower grades at Ciénega and Juanicipio.

By contrast, attributable gold production rose 15.9 percent to 313,800 ounces, supported by higher ore grades at Herradura.

Fresnillo also confirmed that parent company Industrias Peñoles agreed to buy back the longstanding Silverstream contract for US$40 million. Since 2007, Peñoles has paid Fresnillo US$882 million for approximately 52 million ounces of silver delivered from the Sabinas mine under the arrangement.

MAG Silver navigates takeover, advances exploration

MAG Silver (TSX:MAG,NYSEAMERICAN:MAG) entered Q2 under the spotlight as it moved forward with its pending acquisition by Pan American Silver.

The transaction, approved by MAG shareholders in July, offers shareholders the option of receiving either cash or Pan American shares, with closing expected in the second half of 2025 subject to regulatory approvals in Mexico.

Operationally, exploration remained active across the company’s portfolio. At Juanicipio in Mexico, MAG drilled nearly 9,500 metres underground with results pending, while surface work added over 6,000 metres targeting the Cañada Honda and Magdalena structures.

In the US, geophysical surveys advanced at the Deer Trail project in Utah, and drilling commenced at Ontario’s Larder project, where over 5,200 metres were completed at the Italian Zone.

Avino delivers revenue growth, index inclusion

Avino Silver & Gold Mines (TSX:ASM,NYSEAMERICAN:ASM) posted strong second quarter financials with revenues rising 47 percent year-on-year to US$21.8 million.

Net income more than doubled to US$2.9 million, while mine operating income surged 118 percent to US$10.2 million, supported by economies of scale and record mill throughput.

Production from the company’s portfolio of Mexican projects reached 645,602 silver-equivalent ounces, a 5 percent increase despite lower feed grades, as throughput gains offset grade variability.

Beyond operations, Avino also secured inclusions in both the S&P/TSX Global Mining Index and the Solactive Global Silver Miners Index during the quarter.

Coeur achieves record quarter on silver and gold strength

Coeur Mining (NYSE:CDE) reported record Q2 results with revenues of US$481 million and net income from continuing operations of US$71 million, marking its fifth consecutive profitable quarter.

Adjusted EBITDA rose 64 percent from the prior quarter to US$244 million, while free cash flow soared eightfold to US$146 million.

The company produced 4.7 million ounces of silver and 108,487 ounces of gold, up 79 and 38 percent year-on-year respectively, with strong contributions from all five operations.

Meanwhile, crushed ore rates and production volumes climbed sharply from the company’s expanded Rochester mine in Nevada. Coeur also reaffirmed its full-year guidance of 380,000–440,000 ounces of gold and 16.7–20.3 million ounces of silver.

Silver Outlook

Silver’s breakout above US$35 has injected new momentum into the precious metals complex, putting the metal back into focus after more than a decade of underperformance relative to gold.

Traders are already eyeing the psychologically important US$40 level and ultimately the 2011 peak near US$50, with market strategists noting that previous moves through the mid-30s have often triggered rapid runs higher.

The renewed excitement comes as gold itself sits at record levels, providing a strong comparative benchmark that has many investors looking to silver as a value trade.

Behind the price action, silver’s fundamentals remain compelling. Industrial demand tied to green energy applications, paired with persistent multi-year supply deficits, continues to erode above-ground stocks.

Whether or not silver makes a sustained run in the near term, the alignment of macroeconomic factors and strong tailwinds proves that silver’s resurgence in 2025 is being built on more than just speculation.

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

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Secretary of State Marco Rubio applauded President Donald Trump for the progress he has made towards peace when it comes to the war in Ukraine, while he accused the former Biden administration of doing nothing to change the circumstances of the war.

Rubio appeared on Fox News’ ‘Jesse Waters Prime Time’ Monday evening after the day-long talks between U.S. and European officials that included Ukrainian President Volodymyr Zelenskyy. During the appearance, he praised Trump as ‘the only leader in the world’ who has proven he can broker a peace deal between Zelenskyy’s Ukraine and Vladimir Putin’s Russia, adding that the Monday talks were ‘unprecedented.’   

‘After three years of deadlock, and no talks, and no change in circumstances, this is the first time where there seems to be some movement,’ the secretary said. ‘This has been going on for three-and-a-half years. A lot of people have died, a lot of territories exchanged back-and-forth, so it’s not an easy thing to unwind, but nothing was happening on this war. Literally, the only option we were given under the previous administration was continue to fund Ukraine for however much they need, for however long it takes.’

Rubio pointed out that finally, under a new administration, people are ‘actually talking about pathways toward ending [the war in Ukraine].’ 

‘It’s going to take a little bit more work, and a little bit more time, but we are making progress,’ Rubio argued. ‘It’s not me saying it, that is virtually every leader there [on Monday] said that.’

Rubio said that prior to Trump, the fighting in Ukraine was nothing more than a ‘stalemated war of death and destruction.’ He also complained that under Biden there was no plan other than to continue giving weapons to Ukraine. 

‘That’s the other dynamic that’s changed – we’re no longer giving Ukraine weapons, we’re no longer giving Ukraine money, we are now selling them weapons and European countries are paying for it through NATO. They are using NATO to buy the weapons and transferring them to Ukraine,’ Rubio pointed out. ‘That’s another big change from the way this war was approached under the Biden administration.’

Following the Monday peace talks in D.C., reports surfaced that Putin had agreed to a future meeting with Zelenskyy, followed by a trilateral meeting involving the United States.

For Rubio, just the fact that the two countries are open to talking to each other is a win and a big change from the previous administration.   

‘I’m not saying they are going to leave that room with a peace deal, but I think the fact that people are now talking to each other – this wasn’t happening for three-and-a-half years,’ Rubio told host Waters, adding that Trump has ‘made it a priority’ to bring about peace in Ukraine.

The secretary also cited six previous peace agreements that he said Trump has brokered, which Rubio said proves Trump’s commitment to peace and fewer wars.

‘President Trump is the only leader in the world – acknowledged by all the Europeans – the only leader in the world that can talk to both [Putin and Zelenskyy] and bring them both to a meeting,’ Rubio said Monday evening. ‘We should be proud that we have a president who has made peace a priority in his administration.’


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A conservative think tank that played a key role in shaping President Donald Trump’s ‘one big, beautiful bill’ is circulating a new roadmap of recommendations for Republicans’ second act.

The Economic Policy Innovation Center, which styles itself as ‘EPIC For America,’ has been circulating a new memo with key congressional GOP figures in recent days, a source familiar with the group’s plans told Fox News Digital.

The memo, which was obtained by Fox News Digital, advises lawmakers to broadly push for further Medicaid and regulatory reforms, crack down on federal dollars for government pensions and student loans, and use fiscal policy to extend conservative goals on abortion and transgender treatment.

Passing Trump’s massive agenda bill despite razor-thin majorities in the House and Senate was a major victory for Republican leaders. EPIC, which hails the bill as a success, argues that continued reforms are needed for meaningful fiscal reform.

‘Unfortunately, even with the victories for the American people in the OBBB, our work is far from done. We must rebuild an economy that truly works for every American, while protecting the nation’s financial foundation to ensure lasting resilience,’ the memo said.

‘The federal government is rapidly running out of fiscal space. Maintaining sufficient fiscal space is critical in order to respond appropriately to a crisis. Without space between the fiscal limit and the current level of debt, elected officials will not have room to maneuver in the event of war, a natural disaster, or a recession.’

On Medicaid, the memo advises further cuts to the cost-sharing burden on the federal government – known as the Federal Medical Assistance Percentage (FMAP) – for ‘large, wealthy states’ as well as Washington, D.C.

FMAP refers to the rate at which the federal government matches state Medicaid payments, which is currently 50%.

The memo calls to ‘end the special Medicaid subsidy FMAP treatment’ for D.C., whose minimum is 70%.

Republicans’ first budget reconciliation bill reduced certain FMAP expansions permitted under the Affordable Care Act (ACA), including for emergency care for states that provide Medicaid coverage to illegal immigrants.

In turn, EPIC advises lawmakers to enhance personal and employer-based healthcare, like Individual Coverage Health Reimbursement Arrangements (ICHRAs) and Health Savings Accounts (HSAs).

Medicaid cuts were one of the largest sticking points during talks for the initial bill and will likely be just as politically fraught for Republicans in the second round. Meanwhile, Democrats have been using those reforms as a political cudgel, accusing the GOP of trying to take healthcare from millions of Americans. 

But conservatives have viewed Medicaid as fraught with waste, fraud, and abuse – insisting their reforms better protect the program for vulnerable people who truly need it.

The memo also advises congressional Republicans to use the budget reconciliation process to ‘reform federal bureaucrat compensation and retirement’ and ‘eliminate public sector student loan forgiveness,’ among other goals.

On the social conservative policy front, EPIC appears to view an extension of the ban on taxpayer funds to abortion providers as critical to a second reconciliation bill.

The first bill was viewed as a victory for pro-life advocates in its ban on Medicaid funds for large healthcare providers that perform abortions, which would affect Planned Parenthood and other similar organizations. But that ban is only effective for a year.

In a section titled ‘Protect Life and American Values,’ EPIC urges lawmakers to ‘extend the prohibition of taxpayer funding for big abortion providers’ as well as block Medicaid funds for gender transition care.

It also calls on lawmakers to ‘invest in election security’ and ‘impose an excise tax on higher education institutions that allow males to participate in women’s sports.’

EPIC was founded by Paul Winfree, who served as director of budget policy during the first Trump administration.

The group also has close ties to Capitol Hill, which it flexed during talks for Trump’s first agenda bill by both recommending policy initiatives and tailoring its advice through the various steps of the budget reconciliation process.

Budget reconciliation, which can be used three times during a given congressional term, allows the party in power to enact broad fiscal policy changes while sidelining the opposition – in this case, Democrats – by lowering the Senate’s threshold for passage from 60 votes to 51.

Brittany Madni, EPIC executive vice president and a former congressional aide, confirmed the memo’s veracity to Fox News Digital. She said the group would use the same ‘playbook’ it did during the first reconciliation process.

She said EPIC is looking to offer ‘an initial suggestion to lawmakers on what to target, and is readying to work with Republicans through the various steps of the process as details change and evolve.’

‘Mandatory spending reform is an essential target for actual fiscal change in order to stave off a debt spiral. This is why a second reconciliation bill building on the wins in the OBBB is important,’ Madni said.

Two sources told Fox News Digital that the group’s efforts so far have included a staff-level briefing with the Republican Study Committee (RSC), a 189-member-strong House GOP group that serves as its own de facto think tank for the Republican conference.

Many of the aforementioned proposals were discussed at that meeting, Fox News Digital was told, with EPIC being invited to speak as part of the RSC’s new initiative to workshop a second reconciliation bill.

House Speaker Mike Johnson, R-La., has already publicly stated his goal of passing further reconciliation bills. But what a second bill would look like is still unclear.


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Highlights:

  • General Marks joins the board of directors of Allied USA.
  • General Marks is a leading expert on international military strategy with a distinguished career in the United States Army.
  • Allied USA is focused on importation, marketing and sales of tungsten into the United States.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of Major General (Ret.) James A. ‘Spider’ Marks to the Board of Directors of its U.S.-based subsidiary, Allied Critical Metals (USA), Inc. (‘Allied USA’). Allied USA is dedicated to the importation, marketing and sales of tungsten into the United States.

General Marks is the former Commanding General, U.S. Army Intelligence Center and brings over four decades of leadership experience across military, intelligence, and commercial sectors. His distinguished U.S. Army career included leadership roles at every level across elite units such as the 101st and 82nd Airborne Divisions. He also served in strategic intelligence positions around the globe, including deployments in Iraq, Korea, and the Balkans. Post-military, he has held executive leadership roles in private industry, including as CEO of Global Linguist Solutions and InVisM, and currently serves as President of the Marks Collaborative, an advisory firm focused on corporate transformation and national security. He is an Honor Graduate of the U.S. Army’s Ranger School, a Master Parachutist authorized to wear Canadian airborne wings, and has been awarded the Distinguished Service Medal, Legion of Merit, Bronze Star, and multiple expeditionary and service ribbons. He is a 1975 graduate of the United States Military Academy at West Point, and holds a Master’s degree in International Affairs from the University of Virginia. Marks contributes as a military and intelligence analyst for CNN. He is an adjunct professor at Georgetown University.

‘General Marks is a highly respected leader with unparalleled expertise in global defense, logistics, and strategy,’ said Roy Bonnell, CEO of Allied Critical Metals. ‘His appointment strengthens our U.S. operations at a pivotal time, as we expand our presence in the American tungsten market. His insight and network will be invaluable in helping Allied USA meet growing demand for this critical material.’

Tungsten is a critical mineral essential to industries such as aerospace, defense, and electronics. As Allied USA advances its role in ensuring secure, reliable tungsten supply chains for the U.S., General Marks’ deep knowledge of defense systems and national security will enhance the subsidiary’s operational and strategic direction.

‘I’m honored to join Allied USA’s Board of Directors,’ commented General Marks. ‘We are playing a vital role in strengthening the United States’ access to critical minerals, and I look forward to supporting our mission and growth.’

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please visit our website at www.alliedcritical.com.

Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

ON BEHALF OF THE BOARD OF DIRECTORS

Per: ‘Roy Bonnell’

Roy Bonnell
Chief Executive Officer and Director

Contact Information

For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel: 403 410 7907 | Toll Free: 1-888-221-0915
Email: daveb@alliedcritical.com

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Company have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263016

News Provided by Newsfile via QuoteMedia

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Apollo Silver Corp. (‘ Apollo ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) congratulates Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) on the recent acceptance of its Castle Mountain Project into the United States’ FAST-41 program, which is designed to streamline and derisk the permitting process. Castle Mountain is located just 165km from Apollo’s Calico silver and barite project both situated in San Bernardino County, California.

Ross McElroy, President and CEO of Apollo, commented, ‘ This news speaks to the diligence of the Equinox team in advancing their project to this stage. Crucially for our Calico Project in San Bernardino County, which hosts one of the largest undeveloped silver deposits in North America, this also highlights the government’s determination to accelerate domestic mine development.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico Project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. Additionally, the Company has optioned Cinco de Mayo in Chihuahua, Mexico, which is host to a major CRD deposit that is both high-grade and large tonnage. Led by an award-winning management team, our growth strategy is matched only by the scale of the opportunity in front of us.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com
Telephone: +1 (604) 428-6128

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.

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News Provided by GlobeNewswire via QuoteMedia

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Democratic Rep. Sarah McBride of Delaware, who identifies as a transgender woman, accused President Donald Trump of waging an attack against ‘American democracy.’

‘This president is taking notes from his favorite dictator. Let’s be clear: a president with popular policies wouldn’t need to illegally gerrymander districts, ban voting machines, or abolish vote-by-mail,’ a Monday night post on the lawmaker’s @Rep_McBride X account declared. ‘This is an all-out assault not just on free and fair elections—but on American democracy itself.’ 

Fox News Digital reached out to the White House for comment early on Tuesday morning.

Trump, who has been aiming to help bring an end to the Russia-Ukraine war, met with Ukrainian President Volodymyr Zelenskyy and multiple other European figures in Washington, D.C., on Monday after meeting with Russian President Vladimir Putin in Alaska on Friday.

During an interview with Fox News Channel’s Sean Hannity on Friday after meeting with Putin, Trump said of the foreign leader, ‘Vladimir Putin, smart guy, said you can’t have an honest… election with mail-in voting.’

President Trump reveals whether another meeting is in the cards after Alaska summit with Putin

Trump declared in a Truth Social post on Monday that he will ‘lead a movement to’ eliminate voting machines and mail-in balloting from U.S. elections.

‘WE WILL BEGIN THIS EFFORT … by signing an EXECUTIVE ORDER to help bring HONESTY to the 2026 Midterm Elections,’ he declared in part of the lengthy post.

Trump tells Zelenskyy, European leaders peace agreement can be done

‘ELECTIONS CAN NEVER BE HONEST WITH MAIL IN BALLOTS/VOTING, and everybody, IN PARTICULAR THE DEMOCRATS, KNOWS THIS. I, AND THE REPUBLICAN PARTY, WILL FIGHT LIKE HELL TO BRING HONESTY AND INTEGRITY BACK TO OUR ELECTIONS. THE MAIL-IN BALLOT HOAX, USING VOTING MACHINES THAT ARE A COMPLETE AND TOTAL DISASTER, MUST END, NOW!!!’ the president exclaimed in another portion of the post.


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