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Following the release of Cizzle Brands’ second fiscal quarter 2025 financial results, the Company’s management team will be hosting a webcast to provide further insight regarding the results in the context of the Company’s ongoing business activities.

Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) ( the ‘Company’ or ‘Cizzle Brands’) , today announced its plans to release financial results for the second quarter of its fiscal 2025 year ended January 31, 2025 (‘ FQ2 2025 ‘) after market close on Monday, March 17, 2025. These results will be available on Cizzle Brands’ profile on SEDAR+ ( http://www.sedarplus.ca/ ).

Cizzle Brands will conduct a webcast to discuss these results on the Thursday of the following week. Information regarding the webcast is provided below:

  • Date and Time: Thursday, March 27, 2025 at 4:30 pm Eastern
  • Scheduled Duration: Approximately one hour
  • Registration Link: https://streamyard.com/watch/htXpXqNJzhUR

The webcast’s registration link may not be visible through some news aggregation services. Please refer to the News section of the Cizzle Brands’ website for a version of this press release with the link. Alternatively, the link may be obtained by contacting Cizzle Brands’ Investor Relations team.

Cizzle Brands’ Founder, Chairman, and Chief Executive Officer John Celenza commented, ‘As a public company with our common shares traded in three different markets, we take pride in being transparent and communicative with our growing investor base. To that end, we are pleased to be hosting this webcast following the publication of our FQ2 2025 financial results, where we will be able to provide key, plain-language insights with respect to what is behind the numbers, and how they fit into our current operations as we continue to commercialize our brands CWENCH Hydration™ and Spoken Nutrition. Our management team is excited to deliver this presentation, and we encourage all current and prospective investors in Cizzle Brands to register to attend.’

About Cizzle Brands Corporation

Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 1,200 stores in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle.

For more information about Cizzle Brands, please visit: https://www.cizzlebrands.com/

For more information about CWENCH Hydration™, please visit: https://www.cwenchhydration.com

For more information about the CWENCH All Canadian Games, please visit: https://www.cwenchallcanadian.com

Notice Regarding Images and Links: This press release may contain images and/or links to outside web pages, which could play an important role in providing the full context of the news update being conveyed through this press release. Some news aggregation services may remove these images and/or links at their discretion. Therefore, readers are encouraged to access SEDAR+ or the News section of the Cizzle Brands Corporation website to view this press release containing all images and/or links as originally published.

On behalf of the Board of Directors of the Company,

Cizzle Brands Corporation

‘John Celenza’

John Celenza, Founder, Chairman, and Chief Executive Officer

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains ‘forward-looking information’ which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or variations (including negative 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. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company.

Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors change.

Footnotes

1 72% sequential growth of CWENCH Hydration™ 10-count units sold from Cizzle Brands’ Fiscal Q1 2025 to Fiscal Q2 2025 reflects unit sales increasing from 11,943 units to 20,543 units each quarter with this account

2 64% sequential growth of CWENCH Hydration™ 315-gram units sold from Cizzle Brands’ Fiscal Q1 2025 to Fiscal Q2 2025 reflects unit sales increasing from 2,730 units to 4,478 units each quarter with this account

3 39% sequential growth of CWENCH Hydration™ RTD beverage units sold during the calendar month of September 2024 compared to the calendar month of January 2025 with this account reflects unit sales increasing from 11,695 units per month to 16,280 units per month

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313759799/en/

For further information, please contact:

Setti Coscarella
Head of Corporate Development
investors@cizzlebrands.com
1-844-588-2088

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(TheNewswire)

Opawica Explorations Inc.

March 13 th 2025 TheNewswire – Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the ‘Company’ or ‘Opawica’), a Canadian mineral exploration company focused on precious and base metal projects in the Abitibi gold belt, is pursuing ambitious growth objectives. With its 2025 exploration campaign at the Bazooka Property (‘Bazooka’) already underway, Opawica is targeting 50-metre step-outs in areas where previous assays exceeded 10 gt Au . In doing so, the Company aims to establish Bazooka as the next up-and-coming gold hotspot in the Abitibi Gold Belt.

Although Opawica’s market capitalization is only about $8.5 million (as of March 8, 2025) on a fully diluted basis, last year’s Lac Gold (Rouyn) Inc.’s acquisition of Yorbeau Resources Inc.’s Rouyn property set the floor on valuation expectations in the immediate region. The deal was structured with a total purchase price of C$25 million.  Additionally, Lac Gold granted Yorbeau a 2% net smelter returns royalty on any minerals produced from the property.


Click Image To View Full Size

As the maps below show, Bazooka borders Lac Gold’s Rouyn Property directly to the west (Opawica’s McWatters Property borders Rouyn to the east).


Click Image To View Full Size

The 2024 acquisition was driven by several strategic factors. Foremost, the Rouyn property boasts significant mineral resources with room for expansion. Furthermore, Quebec’s Abitibi Gold Belt reputation as a world class gold-producing jurisdiction played a key role in Lac Gold’s decision, offering stability, investor-friendly policies, and well-developed mining infrastructure.

With the Lac Gold Rouyn Property holding  a total Measured and Indicated Resources are estimated at 247,000 t at 6.08 g/t Au containing 48,300 gold ounces. Inferred Resources total 633,000 t at 7.79 g/t Au for 158,800 gold ounces*. Bazooka has yet to establish the same historical pedigree as Rouyn at the time of its sale. However, historical drilling campaigns from 2003 to 2005, 2017 and more recently in 2021 to 2022 have revealed significant gold mineralization on the property, with notable intercepts, including:

  • 77.18 g/t Au over 5.8 m

  • 7.70 g/t Au over 20.5 m

  • 25.77 g/t Au over 7.5 m

  • 7.86 g/t Au over 17 m

  • Historical high-grade intercept of 316.23 g/t Au over 1 m

These historical results indicate Bazooka’s potential—especially with the property located on Cadillac-Larder Lake Fault Zone. This proximity holds immense significance due to its high gold potential, proven geological setting, existing infrastructure, and strong investor interest. This fault has historically hosted some of the richest gold mines in Canada, and any property in this region generally benefits from enhanced exploration success rates and commercial viability.

Along the fault zone, Bazooka covers approximately seven kilometers of this prolific geological structure, which is associated with numerous gold deposits. This mineralized zone is spatially associated with its boundaries, indicating a direct relationship between the property’s gold potential and its proximity to this major structural feature.

Short- and long-term goals

With the 2025 drill program underway, the short-term goal for Opawica is simple: to execute the first phase (5,000 m) of a planned 20,000 m drill targets campaign. The Company has already conducted airborne geophysics, downhole geophysics, induced polarization (IP) surveys, ground sampling, and a Phase 1 drill program to better understand the mineralization. The ultimate objective is to confirm and expand known mineralization and work towards an official resource estimate—just as Yorbeau Resources accomplished at Rouyn.

In the long run, Opawica believes that successful execution of its plan will unlock a significantly greater valuation. This sentiment is backed up by corporate actions. Since joining Opawica in 2020, CEO Blake Morgan has become the company’s largest shareholder, .  This commitment exemplifies his confidence in the company’s trajectory and long-term prospects.

Fiscally, Opawica rests in a strong financial position to execute its plan after the Company raised $2.4 million between November and December 2024 bolstering its treasury for 2025. With gold prices exceeding US$2,900 per ounce and with interest in emerging gold projects is at an all-time high, the Company is positioned to drive strong shareholder value in 2025.

In the meantime, investors await the next round of assay results from Bazooka, expected to be reported in the spring of 2025. Positive results could suggest that Bazooka is poised to become the next major underexplored gold discovery in the Abitibi Gold Belt. To illustrate the significance, one needs to look no further than Lac Gold’s Rouyn property, located directly to the east.

Mr.Yvan Bussieres, P.Eng., has reviewed and approved the technical content of this news release. * The Qualified Person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.

*Yorbeau Resources Inc. NI43-101 October 2011, on the Rouyn Property, Total Measured and Indicated Resources are estimated at 247,000 t at 6.08 g/t Au containing 48,300 gold ounces. Inferred Resources total 633,000 t at 7.79 g/t Au for 158,800 gold ounces (sedarplus)

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

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

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2025 TheNewswire – All rights reserved.

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In a dramatic escalation of trade tensions, US President Donald Trump announced on Tuesday (March 11) that tariffs on Canadian steel and aluminum imports could be doubled to 50 percent.

The move came in response to Ontario Premier Doug Ford’s threat to impose a 25 percent surcharge on electricity exports to the US, a measure that would affect about 1.5 million homes in New York, Michigan and Minnesota.

Ford’s proposal was aimed at pressuring Trump to withdraw existing tariff threats against Canada.

Instead, the American leader ramped the situation up further.

Trump took to his Truth Social platform to confirm his directive to Secretary of Commerce Howard Lutnick, stating that all imported steel and aluminum from Canada will now face 50 percent tariffs.

He reiterated his longstanding grievances over Canadian trade protections, particularly in the dairy and automotive sectors, and warned that auto tariffs will also increase unless Canada eliminates “other egregious, long-time tariffs.”

“Why would our Country allow another Country to supply us with electricity, even for a small area? Who made these decisions, and why?” Trump wrote, adding that Canada will pay a high financial price for its actions.

Ontario’s premier was defiant in the face of Trump’s retaliatory move.

Speaking to MSNBC, Ford said, “We will not back down. We will be relentless. I apologize to the American people that President Trump decided to have an unprovoked attack on our country.”

However, in a surprising turn of events, Ford announced the same evening that he would suspend the planned 25 percent surcharge on electricity exports to the US after discussions with Lutnick.

The two sides agreed to meet on Thursday (March 13), alongside members of the Office of the US Trade Representative, to discuss a renewal of the US-Mexico-Canada Agreement before the auto tariff deadline on April 2.

“In response, Ontario agreed to suspend its 25 percent surcharge on exports of electricity to Michigan, New York, and Minnesota,” Ford said in a statement posted on X, formerly Twitter.

Trump responded positively to the move and hinted at a potential softening of his stance on tariffs. “Probably so,” he told reporters when asked if he would consider lowering the 50 percent tariffs. “I’ll let you know.”

Following Ford’s announcement, major stock indexes rallied, reversing some of the day’s earlier losses.

The escalation comes at a precarious moment for Canada.

Prime Minister Justin Trudeau is in the process of stepping down, and while his successor Mark Carney is set to formally assume office this week, he has been unable to engage with Trump directly until officially sworn in.

Market and business fallout

Trump’s decision has already had far-reaching consequences in financial markets.

The S&P 500 (INDEXSP:.INX) slid more than 1 percent on Tuesday (March 11), while Canada’s S&P/TSX Composite Index (INDEXTSI:OSPTX) fell by 0.6 percent on the same day.

For its part, the Canadian dollar dropped to a one week low against the US dollar. Meanwhile, the price of aluminum in the US physical market soared to a record high above US$990 per metric ton in response to the tariffs.

Broader 25 percent tariffs on all steel and aluminum imports to the US from other countries will take effect on Wednesday (March 12). Additionally, Trump has threatened further tariffs on auto imports by April 2, creating significant uncertainty for manufacturers and businesses that rely on cross-border trade.

CEOs of major American firms were set to meet with Trump late on Tuesday, but it remains unclear whether they will challenge the president’s aggressive trade policies.

With negotiations set for later this week and further tariffs looming, the trade standoff between the US and Canada remains volatile. Whether the two sides can de-escalate tensions before the April 2 auto tariff deadline remains uncertain, but for now, businesses and consumers are bracing for further economic disruption.

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

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Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’)  is pleased to announce it has now commenced an extensive sampling and mapping work program to follow-up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine.

This active 2025 work program will continue work delineating the vast vein system on Carrizal property and aid in refining future drill targets. All samples will be sent for assay and the Company expects a steady stream of assay results shortly.

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Figure 1: Brecciated vein from Level 7 of artisanal workings

To view an enhanced version of this graphic, please visit:
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Red Metal Resources President and CEO, Caitlin Jeffs stated,‘We are now underway with our 2025 work program and are excited to build on our previous discoveries of up to 5.77% Copper. We believe we are in the top of a large IOCG system and that we are in the early stages of showing its full potential.’

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Figure 2: Overview of Farellon Project, Carrizal, Chile

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(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.

A 2022 work program focused on mapping veins along strike of, and to the east of the main Farellon structure with the goal of developing new drill targets. New veins mapped and sampled include the Gorda vein which was drilled in Hole FAR-22-020. The Gorda vein lies 250 metres east of the Farellon structure which was mapped and sampled along strike for a full kilometre. A further five veins were identified and sampled in detail to develop 2025 and future drill targets throughout the property.

Highlights

  • A high sample return of 5.77% Cu, 1.55% Co and 0.11 g/t Au two kilometres along strike to the north of the recent drilling on the Farellon structure
  • Three veins mapped, each demonstrating over a kilometre of prospective strike length with mineralized grab samples

Table 1: Grab Sample Highlights (1)(2)

Sample
Number
Northing
UTM
Easting
UTM
Elevation
(asl)
Weight of Sample
(Kg)
Au g/t Co% Cu%
500818 6888943 309490 553 1.54 1.74 0.047 6.26
500902 6891077 310916 632 1.63 0.11 1.545 5.77
500832 6889540 311547 540 1.82 0.22 0.021 5.66
500895 6890377 310310 631 1.58 0.63 0.146 5.18
500887 6889724 311958 495 0.94 0.32 0.063 5.06
500803 6889197 309735 561 2.21 0.04 0.019 4.89
500822 6888323 309800 647 1.96 3.43 0.015 4.59
500830 6889441 311412 524 1.71 0.67 0.027 4.11
500827 6888543 310082 618 1.71 4.91 0.094 3.70
500894 6890373 310305 631 0.45 0.13 0.028 3.41
500844 6888968 310724 496 1.48 0.27 0.024 3.37
500854 6889477 310518 582 1.05 3.28 0.160 3.16
500837 6889267 311117 527 0.67 1.97 0.029 3.03
500814 6889114 309667 587 1.51 0.19 0.057 2.79
500858 6889836 310979 582 2.46 2.06 0.002 2.70
500834 6889309 312021 472 1.52 0.45 0.054 2.64
500824 6888423 309869 621 1.32 0.74 0.136 2.61
500833 6890107 311855 522 1.12 0.21 0.071 2.52
500820 6888717 309359 592 3.64 0.45 0.036 2.50
500831 6889472 311475 533 1.91 0.02 0.015 2.39
500859 6889807 310888 564 1.14 0.17 0.019 2.11
500840 6888767 310417 546 1.07 0.81 0.018 2.06
500850 6888284 310247 572 1.5 1.57 0.029 1.90
500816 6889020 309583 594 3.62 0.38 0.020 1.88
500868 6890705 311339 574 1.43 0.09 0.085 1.77
500886 6889679 312500 457 0.93 0.22 0.002 1.76
500806 6889420 309857 575 1.3 0.09 0.036 1.69
500819 6888717 309359 592 2.64 0.47 0.048 1.54
500855 6889630 310681 596 1.19 0.87 0.025 1.54
500852 6889527 310785 561 1.86 0.24 0.193 1.21
500829 6889352 311252 539 3.43 0.65 0.073 1.20
500856 6889748 310735 570 2.31 0.22 0.024 1.15
500835 6889244 311891 496 3.24 1.54 0.001 0.94
500838 6889227 311054 548 1.26 1.89 0.019 0.88
500892 6889011 312361 435 0.8 0.01 0.033 0.86
500826 6888696 310059 627 1.75 1.79 0.003 0.84
500801 6889269 309795 596 1.96 0.09 0.121 0.82
500823 6888344 309815 637 2.74 0.22 0.006 0.75
500853 6889444 310665 578 2.95 0.43 0.026 0.66
500802 6889233 309758 580 1.67 0.04 0.062 0.55
500825 6888485 309930 617 1.02 2.20 0.030 0.50

 

(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken

Qualified Person

The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (‘QP’) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Red Metal Resources Ltd.

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company’s portfolio of projects include seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totaling over 4,546 hectares, located in Ville Marie, Quebec and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com

Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com

Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya Gold’ or the ‘Company’) is pleased to announce that the Company has executed the final payment of 4 contract concessions totalling 1624 hectares in the Tahami project area. The company was able to amend the last payment terms of these concessions from $200,000 USD to $135,000 USD.

‘We are pleased that we were able to secure these important land packages with the final payments on our highly prospective Tahami area on amended terms that represented a 30% savings from the original last payments’, stated Alexandre P. Boivin, President and CEO.

The company also announces that it has extended the expiry date of an aggregate of 1,589,344 outstanding warrants of which 1,241,070 warrants were issued in connection with the closing of a non-brokered private placement on June 5, 2024 (the ‘June Warrants‘) and 348,274 warrants were issued in connection with the closing of a non-brokered private placement on November 1, 2024 (the ‘November Warrants‘).

The initial exercise price of the June Warrants and the November Warrants is $0.75 and remains unchanged. The June Warrants have an original expiration date of June 5, 2025 and the November Warrants have an original expiration date of November 1, 2025. The Company proposes to extend the expiration date of the June Warrants and November Warrants by one additional year to June 5, 2026 and November 1, 2026, respectively (the ‘Amendment’). All other terms and conditions of the June Warrants and the November Warrants will remain unchanged.

The Amendment is subject to final Canadian Securities Exchange (the ‘CSE‘) approval, as applicable. No action will be required on the part of the holders of the June Warrants and the November Warrants to give effect to the Amendment. In accordance with the requirements of the CSE, the terms of any warrants issued as compensation warrants or as finder warrants are not eligible for amendment.

528,570 of the June Warrants and 153,600 of the November Warrants are owned by insiders of the Company, representing 42.6% and 44.1%, respectively, of the aggregate number of warrants. As a portion of the June Warrants and the November Warrants are held by insiders of the Company, the Amendment may constitute a ‘related party transaction’ as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). A material change report will be filed with respect to the Amendment as it pertains to insiders. The Amendment are exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the June Warrants and the November Warrants issued to insiders nor the cash consideration paid for such June Warrants and November Warrants exceeds 25% of the market capitalization of the Company.

About Quimbaya Gold

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Jason Frame, Manager of Communications jason.frame@quimbayagold.com

Quimbaya Gold Inc.
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Cautionary Statements

This news release contains forward-looking statements and/or forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. When used in this release, such words as ‘would’, ‘will’, ‘anticipates’, believes’, ‘estimates’, ‘potential’, ‘explores’ ‘expects’ and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of the Company with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. Certain information and statements contained in this news release constitute forward-looking statements, which reflects the Company’s current expectations regarding future events, including but not limited: the initial depth of the Initial Drilling Campaign, if any; the successful completion of the Initial Drilling Campaign program and any future drilling under the initial contract, should they proceed, if at all; the ability of the Company to finance and execute its planned and future exploration activities; the quality of service and reputation of the Drilling Providers; the effectiveness of any potential drilling results in defining mineral resources or leading to a commercial discovery; the timing and process for the release of escrowed Consideration Units to the Drilling Providers; the anticipated cost of the Initial Drilling Campaign, if any, which may be subject to overruns; the receipt of regulatory approvals; the obligation for future updates as it relates to the Initial Drilling Campaign or future campaigns; and the initial and the overall success and advancement of the Company’s projects.

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the high degree of uncertainties inherent to feasibility and economic studies which are based to a significant extent on various assumptions; variations in commodity prices and exchange rate fluctuations; variations in cost of supplies and labour; lack of availability of qualified personnel; the quality of word provided by the Drilling Providers, if any; the receipt of necessary approvals; availability of financing; uncertainties and risks with respect to exploration and drilling; general business, economic, competitive, political and social uncertainties; certainty that finalized the commercial agreements will be successfully executed; risk of costs overruns with the Initial Drilling Campaign or future campaigns, if any, assurance that the final terms will align with those initially agreed upon or that the Initial Drilling Campaign will proceed as anticipated; timelines for drilling, if at all; obtaining required approvals of regulatory authorities; ability to access sufficient capital from internal and external sources; any assurances that the Company’s stock price will appreciate or maintain its current value; and the fact that the transaction will result in dilution to the Company’s existing shareholders, which may impact the market value of their holdings. The Company cautions that there is no guarantee that the planned Initial Drilling Campaign, if commenced, will yield successful results, identify mineral resources, or lead to further exploration or development. Exploration activities are inherently speculative, and drilling results may be inconclusive, insufficient, or unfeasible for further development. The cost estimates provided are subject to change, and the ability of the Company to continue exploration depends on factors such as market conditions, commodity prices, regulatory approvals, and access to additional funding. Additionally, the issuance of Consideration Units as compensation may remain subject to regulatory and exchange final approval, and there is no assurance that such approval will be obtained. The securities issued in connection with this transaction may be subject to resale restrictions under applicable securities laws and CSE policies. For a more fulsome additional list of risk factors please see the Company’s December 31, 2023, year-end Management Discussion and Analysis (‘MD&A’), 2024 third-quarter MD&A, available of SEDAR+ at www.sedarplus.ca.

Management of the Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide shareholders with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes. The Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

Neither CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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John Feneck, portfolio manager and consultant at Feneck Consulting, shares his updated outlook for gold, saying that the yellow metal still has space to run.

He also discusses nine gold and ‘special situations’ companies that are on his radar.

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

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Brian Leni, founder of Junior Stock Review, runs through his investment strategy, saying he’s looking for stocks with an ‘X factor’ that’s being overlooked.

Watch the interview above for more of this thoughts.

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

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Platinum moved into a more pronounced deficit position in 2024, with demand outstripping supply of the precious metal by nearly 1 million ounces, according to the World Platinum Investment Council’s (WPIC) Platinum Quarterly for Q4 2024.

A significant portion of that came in the final quarter of the year, when the deficit grew by 313,000 ounces.

This was driven largely by investment demand on the back of Donald Trump’s victory in the presidential election and subsequent rhetoric over planned trade and foreign policy.

Increased demand adding to supply draw down

According to the new report, the platinum deficit deepened in Q4 on the back of weaker recycling supply and stronger investment demand, coming in 313,000 ounces deeper than the council forecasted in its Q3 2024 report released in November.

In total, the last quarter of 2024 saw 360,000 ounces of demand uptake from investor inflows into the platinum market. On a more granular level, this demand came from 92,000 ounces of platinum bar and coin purchases, 142,000 ounces in platinum inflows to exchange traded funds (ETFs) and 126,000 ounces of platinum moving into exchange stocks. The WPIC defines exchange stocks as ‘platinum ounces held in approved storage facilities that serve as collateral for futures positioning.’

“So back in December, when the incoming Trump administration started talking about the threat of tariffs, we began to see that impact on the commodity markets in terms of distorting the flow of metals versus what would happen normally,” he said.

Similar to what was reported in gold markets, this resulted in institutional players moving physical products from Europe into New York Mercantile Exchange-approved warehouses in the United States.

“They needed to get that into the States because they’ve suddenly begun to worry that they might have to pay tariffs when they bring that material in in the future, and that would obviously impinge on profitability,” Sterck said.

Watch the full interview with Sterck above.

In its projection for 2025, Sterck said the council sees a continuation of trends from 2024 and is predicting a third year of platinum deficits with an 848,000 ounce shortfall.

In its initial assessment, the WPIC expected 150,000 ounces of full year demand to come from exchange inflows to the NYMEX, but according to Sterck, 275,000 ounces have already been moved since the start of the year.

“You can see that even to get to our number for 2025, you’d have to have quite a significant unwinding of those NYMEX exchange stock flows to get back to where our full year estimate is. So if we were to close the year today, the deficit would be more substantial than our current projection,” he said.

Trump policy, the auto industry and platinum

If US tariffs on Mexico and Canada do come into effect, platinum investors and the auto industry are likely to feel the pinch.

Sterck explained that, while the bulk of North American auto manufacturing is carried out in the United States, the auto sector is highly integrated. Mexico manufactures about 45 percent of the United States’ automobile parts and 15 percent of the country’s vehicles, and Canada supplies an additional 10 percent and 7.5 percent respectively.

These automobile parts include the catalytic converters, which have significant load-outs of the core platinum group metals (PGMs): platinum, palladium and rhodium.

According to Sterck, the overall fear is that the increased cost of new cars for US consumers caused by the tariffs will reduce demand, putting downward pressure on PGMs as well.

“In terms of platinum, the downside risk to platinum demand on our numbers in a worst-case scenario is about 97,000 ounces. For palladium, it’s more substantial, something in the order of 350,000 ounces,” he said.

While this may more significantly impact palladium markets, Sterck doesn’t see this potential hit to platinum demand shifting the platinum deficit that the WPIC is predicting for 2025.

Other policy decisions by the new US administration will likely provide support for platinum, however.

‘Sadly, it looks like the US is going to be rolling back on its environmental commitments,’ Sterck said. ‘Obviously, that could be positive in terms of petroleum demand for PGMs (and) internal combustion engine demand for PGMs.’

Additionally, slowing of demand growth for electric vehicles (EVs) adds potential tailwinds for automotive platinum demand. Sterck suggests several factors contribute to the slowing rates, including US policy and backlash against Tesla (NASDAQ:TSLA).

While some consumers are turning to battery electric vehicles from other automakers, he notes that the trend of slowing growth in EVs is leading more consumers to look to cars with internal combustion engines, both traditional and hybrid, which require PGMs in their catalytic converters.

Supply-side squeeze

On the supply side, Sterck sees consistent contraction in the mining supply.

“The reality is that there isn’t a (solely) platinum mine in the world,” he said.

‘These mines all produce — and therefore their economics depend upon — multiple different metals. They all produce all six of the PGMs, plus gold (and) nickel, copper and chrome.’

However, Sterck explained that lower prices for palladium, rhodium and more recently chrome has led some of the miners to restructure operations to focus on profitability rather than output. While this has been successful at supporting the mines’ economics, it has caused output to fall significantly.

He also says that the overall impact of the reduced output has been masked by platinum stockpiles entering the market, with higher inventory levels introduced in 2024.

He pointed to South Africa as an example, which saw reduced smelter output and a stockpiling of concentrate in 2022 and 2023 due to power shortages. In 2024, the decline in mine production came alongside an upside in refining those stockpiled materials, which boosted full-year numbers.

Platinum supply from recycling is expected to remain about 20 percent below the 10 year average at 1,496,000 ounces, a decrease of 278,000 ounces from the WPIC’s 2025 forecast in its November release. This drop was the largest difference between the two releases.

Sterck explained that one cause of depressed recycling supply in 2024 and 2025 is declining supplies of end-of-life vehicles.

“Part of that is related to COVID impacting supply chains, and then the semiconductor shortage reducing new vehicle production in the past and consumers being forced to run new vehicles for longer,” he said. However, he said there could be other reasons that aren’t as apparent.

What should investors know about platinum in 2025

As Sterck pointed out, the platinum market was volatile at the beginning of the year, so the 2025 WPIC forecast may need to be significantly adjusted. However, the group said the market will continue to experience structural deficits in 2025.

While investment demand surged 77 percent in 2024, Sterck sees a pullback of 14 percent in 2025, but even that is high compared to previous years.

“Overall, I think we’ve got 606,000 ounces projected in terms of total demand for 2025, a respectable level that’s historically elevated,” he said.

One significant area of growth so far in 2025 is futures trading on the NYMEX, with Sterck pointing to a 500 percent year-on-year increase in January.

However, there hasn’t been much price movement so far. Platinum has largely traded in the US$900 to US$1,100 per ounce range for the past year, but unusually, with the increased trading volume, the prices have narrowed.

“There’s increasing competition within the market for some sort of price direction, and at some point, the price has to break out of that narrowing range,” he said.

Given the market conditions for platinum, the WPIC expects that breakout would be a positive one, but it’s not a guarantee.

“When prices break out, it can go in both directions, so we will have to wait and see,’ Sterck said. ‘But it’s certainly very interesting, and there’s a limited amount of time left before something really needs to change.’

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

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Here’s a quick recap of the crypto landscape for Wednesday (March 12) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$83,016.38, reflecting a 0.2 percent decrease over the past 24 hours. The day’s trading range has seen a high of US$83,625.34 and a low of US$80,833.49.

Bitcoin has rebounded from its four-month low of US$76,600.

Despite a brief rise following a consumer price index report that pointed to cooling inflation, data analytics firm CryptoQuant warned of valuation metrics hinting at a further correction below US$70,000.

Ethereum (ETH) is priced at US$1,881.77, down 3.6 percent over the same period.

The cryptocurrency reached an intraday high of US$1912.08 and a low of US$1,841.97.

Glassnode indicated that Ethereum’s recent price drop near $1,900 led to the accumulation of a significant amount of ETH, which their cost-basis analysis suggests could act as a support level.

Altcoin price update

  • Solana (SOL) is currently valued at US$125.10, down 2.4 percent over the past 24 hours. SOL rose to a high of US$128.44 and later fell to a low of US$123.40 on Wednesday.
  • XRP is trading at US$2.24, reflecting a 1.6 percent increase over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.24 and a low of US$2.14.
  • Sui (SUI) is priced at US$2.22, down 2.4 percent over the past 24 hours. It achieved a daily high of US$2.31 and a low of US$2.19.
  • Cardano (ADA) is trading at US$0.7299, reflecting a modest 0.1 percent increase over the past 24 hours. Its highest price on Wednesday was US$0.7541, with a low of US$0.7161.

Crypto news to know

BITCOIN’s second act

Senator Cynthia Lummis reintroduced the BITCOIN Act in US Congress on Tuesday (March 11), an initiative first introduced in July 2024, coinciding with then-presidential candidate Donald Trump’s promise to create a strategic Bitcoin reserve if he were elected.

Although the bill did not pass in the previous Congress, the updated version has garnered additional support from new co-sponsors, including Republican Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn and Bernie Moreno.

At a Bitcoin for America event hosted by the Bitcoin Policy Institute in Washington, DC, on Tuesday night, Rep. Nick Begich (R-AK) said he plans to introduce the bill to the House of Representatives.

The legislation would allow the United States Department of Treasury to hold approximately 5 percent of the total Bitcoin supply, “mirroring the size and scope of gold reserves held by the United States.” Additional Bitcoin could be purchased by “diversifying existing funds within the Federal Reserve System and Treasury Department.’

House votes to repeal IRS DeFi broker rule

On Tuesday, the US House of Representatives voted to repeal a rule that would have mandated decentralized finance (DeFi) protocols to report gross proceeds from crypto sales to the Internal Revenue Service (IRS), including information regarding taxpayers involved in the transactions.

The motion passed with a final tally of 292-132 in favor. This follows the US Senate’s March 4 vote on the motion to repeal, which passed with a 70-27 majority.

Republican Representative Mike Carey submitted the repeal motion alongside Senator Ted Cruz, arguing that the rule was invasive for taxpayers and would overwhelm the IRS, as well as stifle innovation in “an important new industry in the United States.

The White House has voiced support for the repeal. The motion will now need to pass a second Senate vote before passing President Donald Trump’s desk.

Franklin Templeton files to list spot XRP ETF

Franklin Templeton has joined eight other fund managers — Bitwise, ProSHares, 32Shares, Canary Capital, Wisdom Tree, CoinShares, Grayscale and Volatility Shares — seeking approval to list spot XRP exchange-traded funds (ETFs) from the US Securities and Exchange Commission (SEC). The fund manager applied on March 11.

On that same day, the SEC delayed decisions on numerous crypto-related filings, followed by two more delays on March 12. These included proposals for ETFs tracking Solana, DOGE, Litecoin, and XRP.

The Cboe BZX exchange has also filed two proposals to incorporate staking into Fidelity’s spot Ethereum exchange-traded fund (ETF) and the Franklin Ethereum ETF.

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

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

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President Donald Trump’s economic policies and vision for US trade have reignited speculation about a potential multinational deal aimed at addressing what some view as a persistently overvalued dollar.

Although no formal agreement has been announced, analysts have coined the term “Mar-a-Lago Accord” to describe a possible effort to rebalance global currency markets, borrowing from the 1985 Plaza Accord.

Origins of the ‘Mar-a-Lago Accord’

The phrase has gained traction following a paper written in November 2024 by Stephen Miran, Trump’s nominee for the White House Council of Economic Advisers. In it, Miran proposed several strategies to reform global trade and counteract the economic imbalances caused by what he called an excessively strong dollar.

Similarly, incoming Treasury Secretary Scott Bessent suggested in June 2024 that a “grand economic reordering” could take place in the coming years.

While details remain speculative, the general premise behind the Mar-a-Lago Accord revolves around Trump’s commitment to boosting American manufacturing and exports.

The challenge, however, lies in the dollar’s current strength, which makes US goods less competitive abroad. With the US trade deficit reaching a record US$1.2 trillion in 2024, some economists argue that a weaker dollar could help bridge the gap by making American exports more attractive.

The idea of a coordinated effort to weaken the dollar is not new. In 1985, the US and key trading partners—including Japan, France, the UK, and West Germany—agreed to the Plaza Accord, a deal aimed at curbing the dollar’s strength.

At the time, US manufacturers were struggling against Japan’s export dominance, much like today’s concerns regarding China.

The Plaza Accord succeeded in lowering the dollar’s value, but it also had unintended consequences, such as Japan’s economic stagnation in the 1990s.

Potential mechanisms of a Mar-a-Lago Accord

If such an agreement were to take shape, it could involve several key components. Trade and tariff adjustments could be central, as Trump has floated the idea of replacing the Internal Revenue Service with an “External Revenue Service” that collects funds from foreign countries, indicating a shift toward economic policies that could pressure trading partners into compliance.

Currency interventions might also play a role, with governments potentially agreeing to coordinated efforts in foreign-exchange markets to adjust currency values.

However, given today’s massive US$7.5 trillion daily forex trading volume, direct interventions might be less effective than they were in the 1980s.

Adrian Day, president of Adrian Day Asset Management, notes that these ideas form a “loose collection of disparate policies” rather than a cohesive plan.

He also emphasized that Trump often starts negotiations with extreme positions before settling on more moderate policies.

A significant aspect of this discussion revolves around security. The US has long subsidized defense for Europe and other allies, and Trump has suggested that foreign governments should bear a larger financial burden.

Debt restructuring is another controversial idea. “The US will require foreign governments who hold Treasuries to exchange those Treasuries for 100-year non-tradable zero coupons,” Day noted, adding that the proposal ties these exchanges to security commitments, using military presence as leverage.

“Carrot and stick—we’ll keep the Seventh Fleet in the Red Sea if you exchange your Treasuries, but if you don’t, you’re on your own.”

A weaker dollar could lead to higher inflation by increasing the cost of imports. Investors who traditionally see US assets as a safe haven might also shift capital toward alternative currencies such as the euro or yen.

Furthermore, any attempt to force trading partners into an unfavorable debt swap could disrupt the US$29 trillion Treasury market, a cornerstone of global finance.

What It means for gold

One of the most consistent takeaways from discussions around the Mar-a-Lago Accord is its bullish implications for gold.

A weaker dollar historically drives demand for gold as a store of value, and uncertainty surrounding U.S. debt policies could further boost the metal’s appeal. “Every single one of these proposals is gold bullish,” Day remarked.

An additional subject of market speculation is the idea that the administration could try to make use of the country’s gold stockpile. At current market prices, the gold held in Fort Knox, Kentucky, and other locations would be worth about US$758 billion, but it is valued at only US$11 billion on the Federal Reserve’s balance sheet due to a 1973 law that set its price.

Trump and Elon Musk have both expressed interest in verifying that the gold reserves remain intact, fueling further speculation.

Meanwhile, Bessent has discussed the potential of monetizing “the asset side of the US balance sheet for the American people,” though he has clarified that a gold revaluation is not what he had in mind.

Analysts speculate that any push to devalue the dollar while restructuring US obligations could set off a chain reaction in commodities markets, further amplifying gold’s importance.

If foreign investors perceive US economic policies as a shift away from traditional fiscal discipline, they may increase their allocations to gold as a hedge against potential volatility in Treasury markets.

While the Mar-a-Lago Accord remains more of a concept than a concrete policy, its potential implications are vast. The coming months will reveal whether the Trump administration formally pursues these strategies or if they remain theoretical discussions among economists and strategists.

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

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