Augustus Minerals (AUG:AU) has announced High-Grade Gold Samples extend Clifton East Strike to 1km
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WaveTrack International founder Peter Goodburn discusses his outlook for gold and silver.
‘It’s going to be very difficult to really double your money in gold at these price levels — even after a correction, I think it will be difficult … (but) I think US$70 (per ounce) is a very easy proposition for silver based on the gold-silver ratio,’ he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to provide shareholders with a general corporate update, including an update on its financial filings, corporate activities, and market positioning.
Financial Statement Filing Update:
Stallion announces that, further to its news release dated May 14, 2025, the filing of its annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended December 31, 2024 (the ‘Annual Filings’), previously expected to be filed by May 20, 2025, is now expected to be filed by May 23, 2025. The delay is primarily due to extended timelines in completing the Company’s annual audit, which has resulted in a Cease Trade Order (‘CTO’) issued by the British Columbia Securities Commission on May 7, 2025.
Stallion’s management and audit team are diligently working to complete the audit process. The Company remains fully committed to refining its internal processes to ensure timely and accurate filings in the future. We deeply appreciate our shareholders’ continued support and patience during this period.
Stallion is poised for strong forward momentum, with the resumption of trading anticipated shortly following the filing of financials. We look ahead to an exciting and productive corporate calendar, with several key initiatives and milestones expected to drive significant progress in the coming months.
The CTO was issued under Multilateral Instrument 11-103 – Failure-To-File Cease Trade Orders In Multiple Jurisdictions and prohibits the trading or purchase by any person or company of any securities of the Company in each jurisdiction in Canada in which the Company is a reporting issuer for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of May 7 th , 2025) insiders or control persons of the Company who may sell securities of the Company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.
Debt Settlement and Share Issuance:
The Company also announces that it has reached a debt settlement agreement (the ‘ Settlement Agreement ‘) with Atha Energy Corp. (‘ Atha ‘), under which Stallion will issue shares to settle the outstanding obligation. This move strengthens our balance sheet and aligns with our strategy to build a financially resilient company while maintaining strong relationships with key stakeholders.
This agreement is in respect to certain obligations to incur exploration expenses under its previously announced option agreement dated July 18, 2023 (the ‘ Option Agreement ‘) whereby Atha granted an exclusive option to the Company to acquire a 70% undivided interest in and to certain property located in the southwest segment of the Athabasca Basin, in the Province of Saskatchewan.
Under the terms of the Settlement Agreement, Atha will be entitled to retain certain refunds from the Government of Saskatchewan that it inadvertently received on Stallion’s behalf, and Stallion will issue 802,809 common shares of the Company (the ‘ Shares ‘) to Atha at a deemed price of $0.135 per Share.
The transactions described herein remain subject to the approval of the TSX Venture Exchange.
Community Engagement and Northern Participation:
As part of our commitment to sustainable development and responsible exploration, Stallion Uranium was proud to attend the KCDA Core Days Conference and Career Fair. This important event provided an opportunity to engage directly with northern communities, promote local employment, and build long-term partnerships.
Stallion is dedicated to stakeholder engagement and community consultation, and we will continue to prioritize northern participation as we advance our projects. These efforts reflect our core values of transparency, collaboration, and shared benefit.
Uranium Market Outlook:
The uranium market continues to show strong momentum, with spot prices climbing and sustained demand growth driven by global interest in nuclear energy as a clean, reliable power source. Stallion Uranium is well-positioned to capitalize on this positive market outlook, and we believe this macroeconomic backdrop significantly enhances the value of our strategic uranium assets.
About Stallion Uranium Corp.
Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 2,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones and deposits.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .
On Behalf of the Board of Stallion Uranium Corp.
Matthew Schwab
CEO and Director
Corporate Office:
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6
T: 604-551-2360
info@stallionuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .
News Provided by GlobeNewswire via QuoteMedia
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A reclusive Chinese tycoon has gained attention by once again defying the tide — this time shifting from gold to copper in a massive, calculated bet that’s reportedly worth nearly US$1 billion.
Bian Ximing, a soft-spoken plastics billionaire, has emerged as China’s biggest copper bull. Through his brokerage firm Zhongcai Futures, he now holds the largest net long position in copper futures on the Shanghai Futures Exchange.
According to bourse data uncovered by Bloomberg and individuals familiar with the matter, Bian’s stake — comprising nearly 90,000 metric tons worth of copper futures — is unmatched in China’s commodities market.
The 61-year-old investor is no stranger to bold contrarian plays. In 2023 and 2024, Bian’s timely gold investments netted an eye-popping US$1.5 billion profit as global fears about inflation and the US dollar drove bullion to record highs.
This time around, Bian appears to be wagering on copper’s critical role in the global energy transition, plus China’s pivot to high-tech industry and anticipated volatility in US-China trade relations.
Unlike many traders who retreated amid tariff tensions and fears of a global slowdown, Bian doubled down. Multiple people familiar with his strategy say he began shifting from a short to a long copper position just before the US election in November 2024, anticipating Donald Trump’s win and the economic stimulus such a victory might unleash.
He escalated his copper purchases starting in January of this year, eventually reaching a peak position of 40,000 lots — or 200,000 metric tons — by April. The bet has already paid dividends. Bloomberg estimates that Zhongcai’s copper trade has generated approximately US$200 million in profits to date. As of April’s end, Bian held no short positions in copper.
While Bian and Zhongcai declined to comment on this trade, much of the billionaire’s thinking is traceable to his sporadic yet widely followed investment blog posts, which offer a glimpse into his disciplined philosophy.
In January he wrote about the importance of letting go of ego to choose the right targets: “When choosing targets, focus on trends. When implementing projects, focus on timing. When maintaining projects, focus on costs.”
Bian’s investment journey defies easy categorization. Born in 1963 in Zhuji, a town in Zhejiang province, he came of age in the aftermath of Mao Zedong’s Great Leap Forward. His education was interrupted by the Cultural Revolution, but he eventually graduated from a vocational school linked to China’s central bank in 1985.
A decade later, he launched a plastic tubing factory that became the foundation of a sprawling industrial and financial empire with assets in Europe, the US, and India.
In 2003, Bian acquired the brokerage that would become Zhongcai Futures and quietly pivoted into commodities trading.
Bian now resides in Gibraltar, far from the trading floors of Shanghai, and manages his team remotely, conducting business largely through video calls. Nonetheless, his presence in Chinese markets looms large — especially among those who view him as a rare hybrid of western-style hedge fund strategist and Chinese industrialist.
That discipline has served him well, even as the copper market has become increasingly unpredictable.
In the past few months, copper prices have surged amid speculation about global tariff tensions, tightening global supply and the metal’s indispensable role in clean energy infrastructure. Analysts have predicted that prices for the metal could reach US$12,000 to US$13,000 per metric ton, compared to the current level of around US$9,500.
But volatility remains high. Copper briefly plunged last month following tariff threats from Washington — though Bian’s Shanghai-focused positions were shielded by a national holiday that closed domestic markets.
Some of his investors, rattled by the trade war, have since pulled out. Yet Bian has reportedly increased his own stake in response, signaling confidence in China’s economic resilience and the structural demand for copper.
“There are traps and opportunities everywhere — opportunities in risks and traps in opportunities,” he wrote in a blog post last year. “Investment is essentially a game of survival.’
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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The Canadian Securities Exchange (CSE) has entered into an all-cash agreement to acquire NSX (ASX:NSX), the owner of the National Stock Exchange of Australia (NSXA), for roughly AU$16 million.
In a Monday (May 19) press release, the CSE says the acquisition price of AU$0.035 per fully paid ordinary share of NSX represents a 59 percent premium to NSX’s closing price on May 16, the last day of trading before the deal.
The acquisition is for 95.2 percent of NSX’s ordinary shares as the CSE already owned a 4.8 percent stake.
“This transaction enables the CSE to expand its reach and builds on our success in attracting global listings,” said CSE CEO Richard Carleton. “Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia.”
Originally established as the Newcastle Stock Exchange in 1937, the NSXA has evolved into a platform focused on serving Australia’s early stage capital market. It changed its name to NSXA in 2006.
Upon acquisition by the CSE, the NSXA will remain operated locally, with the CSE providing support while expanding its geographic footprint. The NSXA will stay under the leadership of Managing Director and CEO Max Cunningham.
“The CSE’s acquisition will provide NSX with financial strength and operational stability, and bring global expertise to local exchange activities,” he said. “That is great news for participants and competition in Australia’s capital markets.”
Earlier this year, Canada and Australia released a joint statement underlining their commitment to developing sustainable and secure critical mineral supply chains, highlighting shared values in ESG standards.
The partnership re-instills the countries’ position as global leaders in mineral extraction and critical minerals production, both essential for the global energy transition.
The CSE states that its acquisition of the NSX looks to build on the success of CSE in Canada and help provide competing exchange market services to Australian issuers and investors.
The CSE board has advised shareholders to vote in favor of the acquisition. It remains subject to the approval of NSX shareholders, the Australian court and the Australian Securities and Investments Commission.
Should the transaction be approved, it is expected to close in the third quarter of 2025.
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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The Blockchain Futurist Conference, one of several Web3 events held in Toronto during Canada’s fifth annual Crypto Week, dove into the industry’s potential and the regulatory gaps that might stall progress.
Across a slew of keynote panels and conversations, industry insiders kept coming back to a similar conclusion: Web3 is global by design, but regulation remains fragmented.
As global jurisdictions advance frameworks for stablecoins, decentralized finance (DeFi) and tokenized assets, Canada must choose whether to create new regulations, or adapt old policies that don’t fit an evolving financial landscape.
A deeper exploration of four key themes that emerged from the event reveals the nuanced perspectives and emerging trends shaping the next phase of Web3 innovation and adoption.
1. Digital assets need global regulation
Speakers on the “Future of Global Regulation” panel discussed the need for a collaborative global approach on regulation, stressing that a balance between innovation and consumer protection is key.
“There’s going to have to be collaboration,” Cody Carbone, CEO at the Digital Chamber, pointed out. “I mean, it’s technology that’s borderless, and you’re dealing with so many cross-border agencies.”
Anson Law, chief representative of the Hong Kong Monetary Authority, described Hong Kong’s principles-based approach to digital asset regulation, where the focus is on creating regulatory principles rather than strict controls.
Law said he expects to see international regulatory standards develop after increased discussions with organizations like the Financial Stability Board and the Organisation for Economic Co-operation and Development.
El Salvador was held up as a cautionary tale that pro-crypto policy is not enough for widespread usage — adoption depends not only on legal clarity, but also on user confidence and adequate infrastructure. Public engagement is essential to raising awareness about how blockchain technology can be applied, which will encourage wider use.
Ultimately, global leaders are beginning to understand the importance of staying up to date with blockchain innovation. International collaboration will be critical to avoiding a fractured ecosystem.
2. Canada at a regulatory crossroads
Stablecoins already represent 70 percent of global crypto trading volume — yet Canada lacks a widely used, domestic digital currency. That was the message from Coinbase Global’s (NASDAQ:COIN) Lucas Matheson at a fireside chat with Alex McDougall, president of Stablecorp, the company behind QCAD, a Canadian-dollar backed stablecoin.
The urgency of regulatory modernization underscored their conversation, and that sentiment was also present when Coinbase Ventures and other investors announced a US$1.8 million investment in Stablecorp to enhance QCAD’s features and digital infrastructure in order to expand its role in payments, FX and digital asset transactions.
McDougall noted that Canada processes over US$400 billion in daily FX trades, making stablecoins a logical evolution; however, without modern, federal regulation, QCAD’s growth could be stifled before it begins.
Once hailed as an early mover in crypto regulation, Canada is now facing increasing criticism for falling behind.
At the “Canadian Web3 Regulation” panel, Suzanne Lasrado of the Canadian Investment Regulatory Organization (CIRO) acknowledged that the rules in place don’t fully accommodate crypto’s needs. Unlike most other jurisdictions, which classify stablecoins as payment instruments, CIRO currently oversees stablecoins as securities.
Lasrado said the organization is working to evolve the current system, which relies on a patchwork of legacy approaches. Her fellow speakers on the panel echoed Matheson and McDougall’s warning that this regulatory disconnect risks marginalizing Canada’s place in the fast-moving global stablecoin race.
Industry leaders were more direct. Mark Greenberg of crypto trading platform Kraken Digital Asset Exchange said his company’s substantial investment in regulatory compliance in Canada has ultimately paid off, but expressed concern that the country’s risk-averse stance could stifle innovation and growth.
“A lot of the pieces that we pioneered here in Canada are now used in many markets in the world. They’ve been transported to Europe and the UK, and so that was a good investment for us,” he explained.
“At the same time, we’re not going to be launching any of the new, interesting things we’re working on in Canada, and the reason behind that is I do not know how to bring them into this market. I don’t have the same kind of flexibility that I do with the regulators in the US, or in Europe, or in Bermuda, or the British Virgin Islands or other markets where we operate, and that’s something that has to change,’ Greenberg told conference attendees.
NDAX COO Tanim Rasul highlighted that Canada’s reactive regulatory culture, shaped by scandals like Quadriga, tends to prioritize restriction over innovation. Meanwhile, Mo Yang of Convoy Finance called for a more nuanced approach to DeFi, one that differentiates between retail and institutional players.
For Matheson and McDougall, QCAD serves as a hopeful case study. With coordinated policy and private sector innovation, stablecoins could become a central pillar of Canadian fintech.
3. Tokenization as an investment paradigm
Beyond regulation, another major theme of the Blockchain Futurist Conference was tokenization.
The “Why Tokenize?” panel featured industry practitioners and innovators who made the case that tokenization could democratize access to everything from real estate and mining to private credit and collectibles.
“Asset ownership, for the longest time, has been limited to a select group of investors and institutions. With tokenization, it enables fractional ownership and efficiency, which allows us to expand liquidity beyond certain geographies,” explained Bilal Hammoud, CEO of Canadian cryptocurrency exchange NDAX.
Hunter Milborne, CEO of Milborne Group, a Canadian real estate development company, drew comparisons to the rise of condominiums, which opened up ownership in ways traditional real estate hadn’t.
“I can see a big parallel today. Now you have accredited investors, you’ve got all these regulations, you need $100,000 or $250,000 to invest in something … this is something that can be available at a much lower number to people who can share in the asset base,” he explained to moderator Natalie Hirsch, CFO at Polymath Network.
“There’s a saying in our business that you can’t out-save real estate. You buy the right piece of real estate, and it goes up in value a little bit each year,” he continued. “But for somebody who has $1,000 or $5,000 or $500 or $10,000, it’s just not available. So I think that it’s going to broaden that market base. And there (are) statistics that estimate that between now and 2035, you’re going to have a $4 trillion industry growing at almost 30 percent a year.”
Kirill Soloviev, CEO of KS Group, emphasized that tokenization could broaden access to mining, another traditionally capital-intensive sector. Through fractionalized digital ownership, people could participate in projects at various stages without needing to provide millions in capital upfront.
“It gives us a full cycle, not only to raise the money that initially we need, but also sell it to the end user,” he said, before Hirsch teased a potential future deal announcement between KS Group and Polymath.
4. Finance has a decentralized future
Finally, finance reporter Claire Brown moderated a panel discussing the potential for DeFi to replace traditional finance (TradFi). Wesley Crook, CEO of FP Block, highlighted 24/7 settlement and transparency as distinct advantages that DeFi has over traditional finance, while BitGo’s Chen Fang noted DeFi’s lower barriers to entry.
“Anybody on Earth with an internet connection can download any number of these wallets and, with a couple of clicks, get into any number of markets that exist within various blockchains. It’s that simple,” he said.
However, EY’s global blockchain leader, Paul Brody, noted the advantages traditional financial institutions still have over DeFi, specifically their ability to analyze extensive personal data for nuanced risk assessment.
“They can make bets on participants that DeFi ecosystems cannot do, so they have that advantage. For how long, I’m not sure, but at the moment, it’s very clearly their play,” he clarified.
On the other hand, Mike Silagadze, founder and CEO of ether.fi, argued that TradFi’s perceived advantage isn’t due to superior innovation or efficiency, but is instead a result of its highly concentrated and anti-competitive nature, something DeFi aims to dismantle by offering more transparent, accessible and potentially lower-cost alternatives.
Fang believes the core technology behind DeFi has matured significantly, from speculation to “very real” use cases like remittances. “It’s time to replace those systems, in my opinion, with some of the technologies that we’ve built within this industry,” he said. He expects the underlying technology to be applied to multiple new use cases in the next 10 years.
As a caveat, Crook emphasized that trust must be established, and user design needs to be simplified for mainstream adoption to truly take hold. “We have to build systems that will allow trust to be put into the space. We’ve got to simplify. We have way too much of a complicated environment to play in. If we can’t get grandma and grandpa onto these systems with a push of a button on their phone, we’re going nowhere,” he said.
The panel concluded with optimism about DeFi’s potential to transform financial services, including the potential emergence of ‘DeFi banks’ that could expand the DeFi market significantly.
Investor takeaway
The speakers at this year’s Blockchain Futurist Conference made one point clear: Web3 innovation is accelerating, but without aligned regulation, its full potential can’t be realized.
Countries like the US and Hong Kong are writing rules that welcome digital assets into the mainstream. Canada, once a frontrunner, must now decide how to adapt. While the tools and technologies for a decentralized future of finance are maturing and hold promise for a more accessible and efficient financial landscape, these advancements require clear rules and user-friendly interfaces to achieve widespread adoption.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Ontario is making a significant investment in the development of a homegrown critical minerals supply chain, unveiling a nearly C$3.1 billion funding package as part of its 2025 budget, ‘A Plan to Protect Ontario.’
The initiative aims to foster a more competitive, resilient and self-sufficient economy while placing Indigenous partnerships at the forefront of the province’s resource development strategy.
Announced by Minister of Finance Peter Bethlenfalvy on Wednesday (May 21), the investment is centered on unlocking the province’s critical mineral reserves, many of which are located in Northern Ontario.
“Ontario’s vast supply of critical minerals are at the heart of our plan to protect Ontario,” he said. “By investing to unlock and process these minerals here in Ontario in partnership with Indigenous communities, we can make Ontario the top global hub of critical mineral development and protect our economy, workers and communities for decades to come.”
The funding includes a significant expansion of the Indigenous Opportunities Financing Program, formerly known as the Aboriginal Loan Guarantee Program. The province plans to triple the program’s loan guarantees to C$3 billion and broaden its scope beyond the electricity sector to include mining, critical minerals, energy and pipelines.
This move is intended to help Indigenous communities gain equity stakes and participate directly in the province’s growing resource economy.
Additional measures include a C$70 million investment over four years into the newly renamed Indigenous Participation Fund. This money is designed to support Indigenous communities in areas of high mineral activity by building regulatory capacity and enabling greater participation in project consultations.
Recognizing the need to build long-term leadership in the sector, Ontario will also provide C$10 million over three years to create scholarships for First Nations postsecondary students pursuing careers in resource development.
“Our government is seizing the opportunity to strengthen economic and community partnerships with Indigenous communities across Ontario,” said Greg Rickford, minister of Indigenous affairs. “By investing in Indigenous equity, capacity and training, we’re preparing the next generation for careers both on and in the ground.”
Minister of Energy and Mines Stephen Lecce emphasized the broader impact on the province’s north.
“This is more than just a mining investment; it’s a blueprint for a stronger, more prosperous north,” he said.
“We’re creating real opportunities so young people and Indigenous communities can build their futures at home with good jobs, hands-on skills, and lasting careers.”
The fresh funding comes amid growing global demand for critical minerals like lithium, cobalt and nickel, which are essential to battery technology and clean energy systems.
Securities Disclosure: I, Georgia Williams, 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 (May 21) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$105,133 as markets opened, up 3.1 percent in 24 hours. The day’s range for the cryptocurrency has seen a low of US$104,676 and a high of US$107,844.
Bitcoin performance, May 21, 2025.
Chart via TradingView
Ethereum (ETH) finished the trading day at US$2,531.38, a 3.2 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,460.59 and saw a daily high of US$2,600.00.
Altcoin price update
- Solana (SOL) closed at US$167.44, up 0.3 percent over 24 hours. SOL experienced a low of US$165.28 and a high of US$171.36.
- XRP is trading at US$2.35, reflecting a 2.3 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.32 and a high of US$2.39.
- Sui (SUI) is priced at US$3.87, showing an increaseof 3.0 percent over the past 24 hours. It achieved a daily low of US$3.82 and a high of US$3.94.
- Cardano (ADA) is trading at US$0.7528, up 4.8 percent over the past 24 hours. Its lowest price of the day was US$0.7271, and it reached a high of US$0.7647.
Today’s crypto news to know
A US$300,000 Bitcoin bet gains attention, but remains a long shot
A bold options trade is betting that Bitcoin could hit US$300,000 by the end of June—a moonshot prediction that’s lighting up crypto derivatives exchange Deribit.
According to market data, call options at that stratospheric strike price were the second-most traded on Tuesday (May 20), hinting at a mix of speculative enthusiasm and hedging behavior among traders.
While some analysts remain optimistic, Standard Chartered, for instance, sees Bitcoin possibly reaching US$120,000 by Q2—no major forecast comes close to US$300,000. On Tuesday, bitcoin hovered near $107,000, not far from its record high of US$109,241 in January.
The token’s recent momentum, aided by easing macroeconomic fears and renewed corporate interest, has been welcomed by bulls.
Still, market experts caution that without a strong catalyst, the current rally may not sustain its upward trajectory. Betting markets like Polymarket place only a 9 percent chance of bitcoin hitting even US$250,000 this year, underscoring how isolated this US$300K wager truly is.
CME’s XRP futures launches strong with US$19 million day-one volume
XRP joined the elite roster of cryptocurrencies traded on CME Group’s derivatives exchange, launching futures contracts that pulled in over US$19 million in notional volume on Sunday.
That first-day tally easily eclipsed Solana’s March debut of US$12.3 million and puts XRP alongside bitcoin, ether, and SOL in CME’s crypto futures lineup. Offered in both micro (2,500 XRP) and standard (50,000 XRP) sizes, the cash-settled contracts allow investors to speculate on XRP’s price without owning the token.
CME’s head of crypto products, Giovanni Vicioso, said the offering gives investors more “capital-efficient” tools for hedging or gaining exposure.
The timing is noteworthy, as the SEC continues to drag its feet on pending ETF applications for XRP and Solana, leaving futures as the most viable institutional gateway.
XRP futures could see broader uptake if regulatory clarity around token classification progresses. The SEC’s recent legal moves against other issuers may also increase demand for regulated products like these.
Bitget becomes world’s third top crypto exchange by trading volume
Bitget has officially surged into third place among global crypto exchanges, reporting a stunning US$757.6 billion in futures trading volume and US$68.6 billion in spot volume for April 2025.
The Seychelles-based platform has made a name for itself through features like copy trading, which allows users to mimic high-performing traders in real time. Bitget’s April performance stood out despite a broader market correction, expanding its market share to 7.2 percent and pushing its user base above 120 million.
The exchange’s rise signals increasing demand for advanced crypto trading products beyond the traditional buy-and-hold strategy.
Hong Kong approves stablecoin bill to attract global issuers
Hong Kong’s Legislative Council has passed a new bill establishing a licensing regime for stablecoin issuers, solidifying the city’s ambitions to become a leading hub for digital assets.
The law requires any entity issuing fiat-backed stablecoins in or referencing the Hong Kong dollar to secure a license from the Hong Kong Monetary Authority (HKMA). It lays out concrete rules on reserve management, redemption protocols, and investor risk protection to prevent the kind of collapses seen elsewhere in the stablecoin space.
Christopher Hui, the city’s financial secretary, emphasized that the law adheres to a ‘same activity, same risks, same regulation’ principle and aligns with international standards.
The legislation follows the HKMA’s launch of a sandbox for prospective issuers, which already includes three pilot participants. Analysts say the legal clarity could attract global firms looking for compliant stablecoin infrastructure in Asia.
South Korea to let non-profits and exchanges to sell crypto
Starting in June, South Korea will allow nonprofits and crypto exchanges to legally sell digital assets under newly approved regulations designed to balance innovation with investor safety.
Nonprofits must meet strict audit requirements and internal oversight criteria, while donations must be in the form of tokens listed on at least three local exchanges. Donated crypto must be sold immediately to prevent price speculation, regulators said.
Crypto exchanges, on the other hand, can sell tokens to raise operating capital—but only under limited conditions, including volume caps and bans on selling through their own platforms.
Additionally, exchanges must delist “zombie” tokens with low volume and apply stricter criteria to memecoins, such as proving an active user base or transaction history.
These new standards, introduced by the Financial Services Commission, will tighten oversight while providing a clearer path for institutional involvement later this year. The shift marks the loosening of a 2017-era trading ban and signals a more mature phase of digital asset policy in South Korea.
SEC accuses Unicoin of US$100 million fraud, citing fake assets and inflated claims
The US Securities and Exchange Commission has charged crypto firm Unicoin and four top executives with running what it calls a $100 million securities fraud scheme, alleging the company lied about its assets and sales performance.
According to the complaint, Unicoin misled investors by falsely claiming to own prime real estate in locations like Thailand and Argentina, inflating the value of these assets by over US$1 billion. The company also allegedly exaggerated the sales of its ‘rights certificates,’ stating it had raised US$3 billion when the real figure was just US$110 million.
Unicoin aggressively marketed its offerings with absurd return promises—up to 9 million percent—across taxis, billboards, and TV, echoing the promotional tactics seen during the ICO boom.
The SEC is seeking disgorgement and civil penalties, and notes that the defendants rejected a prior attempt to settle the matter.
CEO Alexander Konanykhin told investors last month that the company had “declined to show up” for an SEC settlement meeting, labeling it an “ultimatum.”
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Hempalta Corp. (TSXV: HEMP) (‘Hempalta’ or the ‘Company’), a Canadian-based innovator in nature-based carbon credits, today provided an update on its ongoing corporate transformation and operational milestones.
As part of its previously announced strategic shift to focus exclusively on its high-growth carbon credit business, Hempalta has completed the wind down and closure of its processing facility in Calgary. The facility has now been vacated and decommissioned.
FCC Loan Update
In connection with the plant closure, the Company’s wholly owned subsidiary, Hempalta Processing Inc. (‘HPI‘) has received a notice of default from Farm Credit Canada (‘FCC‘) in respect of the Company’s obligations under its existing loan agreement and related security (the ‘Default‘). The notice cites technical defaults arising from the cessation of operations and FCC’s determination that there is a material adverse change. No monetary payment default has occurred to date.
Equipment Sales
In connection with the Default, and further to the previously announced marketing of the Company’s turn-key industrial hemp processing line, including biochar processing equipment (the ‘Equipment‘), the Company is pleased to announce that HPI has entered into a binding asset purchase agreement (the ‘Purchase Agreement‘) with an arm’s length third party for sale of the Equipment for cash consideration of USD$1,150,000 (the ‘Purchase Price‘) (the ‘Transaction‘). The Purchase Agreement includes the payment of a fifty percent deposit of USD$575,000 upon signing, and remains subject to standard closing conditions including but not limited to the receipt of necessary regulatory and shareholder approvals (the ‘Approvals‘), and receipt of the balance of the Purchase Price. In connection with the Purchase Agreement, certain insiders have signed voting support agreements in respect of shareholder approval of the Transaction.
Proceeds from the Transaction will be used to satisfy the outstanding amounts owed to FCC to satisfy the Default, and are also expected to be used to reduce outstanding corporate liabilities and strengthen the Company’s balance sheet. The Company expects to call its annual and special shareholders meeting to approve the Transaction and annual items in due course.
Carbon Credit Update
Hempalta is pleased to report continued growth and progress in its carbon credit business:
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For the 2024 crop year, approximately 29,000 tonnes of CO₂ sequestration have been calculated using the Company’s AI-powered MRV (Measurement, Reporting and Verification) platform. These credits are currently in final verification with Control Union, and once issued, will bring the Company’s total verified credits to over 44,000 tonnes when combined with the previously announced 15,325 credits issued for 2023.
Upcoming Industry Event Participation
Hempalta also announced its participation in Carbon Unbound East Coast, taking place May 21-22, 2025, in New York City. The Company will be showcasing its innovative hemp-based carbon credit methodology and actively engaging with global carbon buyers and partners.
‘We continue to execute on our focused carbon-first strategy while responsibly managing the wind down of legacy operations,’ said Darren Bondar, CEO of Hempalta. ‘We are continuing to advance our carbon credit platform, and seeing clear momentum in both our sequestration volumes and industry engagement.’
About Hempalta
Hempalta Corp. (TSXV: HEMP) is a nature-based carbon credit provider utilizing industrial hemp’s potential to sequester carbon. Through its subsidiary Hemp Carbon Standard Inc. (HCS), the Company develops methodologies and supports farmers in monetizing regenerative farming practices. In addition to HCS, through its subsidiary Hempalta Processing Inc., the Company retains its established hemp-based product lines for licensing, supporting a balanced portfolio that addresses modern sustainability needs.
Learn more at www.hempalta.com or contact Investor Relations at invest@hempalta.com.
For more information, please contact:
| Investor Relations Hempalta Corp. Email: info@hempalta.com Website: www.hempalta.com |
Hempalta Corp. Web: https://www.hempalta.com/ Email:info@hempalta.com |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information
This news release contains statements and information that, to the extent that they are not historical fact, may constitute ‘forward-looking information’ within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as ‘will,’ ‘expected,’ ‘plans,’ ‘enable,’ ‘positions,’ ‘aim,’ and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts.
Forward-looking information in this news release includes, but is not limited to, statements regarding: the anticipated benefits of the sale of the Equipment; the timing and closing of the Transaction; the receipt of necessary Approvals; ; the Company’s ability to execute its carbon credit initiatives; the settlement of the outstanding Default with FCC; the demand for carbon credits increasing; the ability of the Company to successfully scale the Hemp Carbon Standard platform; any future financing of the Company; and the Company’s future business development activities.
Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, assumptions regarding: the completion of the Transaction and receipt of Approvals; the settlement of the outstanding Default with FCC;; the expected benefits of the Hemp Carbon Standard platform; the ability of the Company to maintain access to capital markets and financing sources; demand for carbon credits in the voluntary market; the sale of the Equipment and the proceeds from such sales being sufficient to satisfy outstanding debts; required regulatory approvals; and the ability of Hempalta to successfully execute its strategic plans.
Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information, because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.
Actual results may vary from those currently anticipated due to a number of factors and risks, including, but not limited to: General economic conditions and conditions in the capital markets; Regulatory risks relating to approvals required by securities regulators or other governing bodies; Risks associated with debt financing, including repayment obligations; Market risks affecting the voluntary carbon credit market and demand for nature-based carbon credits; Risks affecting the closing of the Transaction and the satisfaction of outstanding conditions; Operational risks, including the ability to successfully implement the Hemp Carbon Standard at scale; Risks associated with future financings and the terms available for such financings; Weather and environmental factors affecting the ability of farms to grow industrial hemp; Risks related to Other risks detailed in the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.
The forward-looking information included in this news release is made as of the date of this news release, and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events, or otherwise, except as required by applicable law.
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Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (‘Radisson’ or the ‘Company’) is pleased to announce an expansion and extension of its current drill exploration program at its 100%-owned O’Brien Gold Project (‘O’Brien’ or the ‘Project’) located in the Abitibi region of Québec. This program expansion follows the recent completion of Radisson’s successful C$12 million financing and ongoing drilling that is demonstrating significant gold mineralization below the historic mine workings and the Project’s current Mineral Resources.
Exploration priorities will be as follows:
- An additional 30,000 to 40,000 metres of drilling. Approximately 18,000 metres of the new drilling will be completed in 2025 on top of the already budgeted 22,000-metre 2025 program. The balance of the new drilling will be completed in 2026. A fourth rig will be added to the Project in June;
- Expansion of the successful strategy of drilling beneath the historic O’Brien mine and the East O’Brien area of new Mineral Resources, to a depth of up to 2 kilometres (Figure 1);
- Continuance of the successful strategy of pilot holes and multiple wedges to give clusters of intercepts within the favourable Piché formation with an objective of achieving a drill-hole density appropriate, at a minimum, for a future Inferred Mineral Resource;
- Stepping back and looking at broader exploration opportunities, including separate deep exploratory holes beneath the historic Thompson-Cadillac mine located west of the O’Brien mine. This will be the first drilling conducted at Thompson-Cadillac since 2020 and its first deep drilling ever.
Matt Manson, President & CEO, commented: ‘Since late last year, we have been achieving consistent success with our ‘proof-of-concept’ strategy of drilling below the existing Mineral Resources at the O’Brien Gold Project with large step-outs. In particular, we are excited by what is developing with our drilling below the historic O’Brien mine workings, where multiple drill-holes have intersected high-grade gold within a large zone of multiple veins with good continuity. In Figure 2 we highlight the amount of coarse visible gold currently being logged in this drilling, both within holes with published assay results and those for which assay results are still pending. At this moment, we are in the process of greatly increasing the known scope of gold mineralization at O’Brien with each new hole. We believe an exploration target of between 3 and 4 million ounces is a reasonable objective for the Project should the style of mineralization we are seeing continue to our exploration horizon of 2,000 metres depth.’
Matt Manson continued: ‘Consequently, we are announcing today a considerably expanded effort to target these new areas of mineralization with additional deep drilling. In this news release we provide a discussion of the techniques we are using: pilot holes, wedges and directional drilling; and we provide a discussion of the context of our exploration: that O’Brien should not be considered a bespoke curiosity with impressive but localised high-grade gold, but is instead a broader system of mineralization with significant scale potential.’
Figure 1: The O’Brien Gold Project, from Thompson-Cadillac/West O’Brien in the west through the O’Brien Mine to East O’Brien in long section and plan view, with current Mineral Resources.
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Drilling Context: O’Brien Mineral Resources, Cut-offs and Future Mineral Resources
The 2023 NI 43-101 compliant Mineral Resource Estimate (‘MRE‘) for the O’Brien Gold Project (‘Technical Report on the O’Brien Project, Northwestern Québec, Canada’ effective March 2, 2023) comprises 0.50 million ounces of Indicated Mineral Resources (1.52 million tonnes at 10.26 g/t Au), and 0.45 million ounces of Inferred Mineral Resources (1.60 million tonnes at 8.66 g/t Au). This estimate utilizes a 4.5 g/t Au bottom cut-off, at US$1,600 per oz Au with a C$:US$ exchange of 1.25, and 85% metallurgical recovery, amongst other assumptions. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Historic production at the O’Brien Mine between 1926 and 1957 is estimated at 0.59 million ounces from 1.2 million tonnes at 15.25 g/t Au.
Figure 2: Pilot hole and wedge clusters in the O’Brien Mine and East O’Brien Areas in the west to and Trend #3 in East O’Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending.
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In Radisson’s view, both the 2023 MRE and the historic mining represent ‘high-graded’ estimates of actual gold content in their respective volumes. In the March 2023 Technical Report for the MRE, sensitivity estimates based on alternate cut-off grades were presented. Using a 3.0 g/t Au cut-off, the Indicated Mineral Resources sensitivity was 0.58 million ounces (2.12 million tonnes at 8.46 g/t Au) and the Inferred Mineral Resource sensitivity was 0.68 million ounces (3.67 million tonnes at 5.79 g/t Au), increases of 15% and 53% respectively in contained ounces over the MRE at a 4.5 g/t Au cut-off grade.
Radisson believes that the O’Brien Project should be evaluated on the basis of a lower cut-off grade, yielding more ounces in more tonnes with greater continuity at lower average grades. Radisson’s disclosure of drill results since 2024 has been based on an assumed cut-off grade of 3 g/t Au for intercepts with mineral resource potential, and Figures 1 and 2 graphically illustrate the MRE at multiple cut-offs including 3 g/t Au. With this view, and given the recent successful drilling below the current MRE and the historic mine, Radisson believes the exploration potential of the Project is between 3 and 4 million ounces should the current density of gold mineralization, in ounces per vertical metre, continue to a nominal exploration horizon of 2,000 metres depth.
By the end of the current program, Radisson will have completed an additional 80,000-90,000 metres of new drilling since the publication of the 2023 MRE. At this time the Company will assess the completion of an updated Mineral Resource estimate. To this end, current and future drilling will be designed to attain a drill-hole density appropriate, at a minimum, to an Inferred Mineral Resource.
Drilling Approach: Deep Pilot Hole + Wedge Drilling in O’Brien’s Core Area
Radisson’s deep drilling program employs a cost-effective and time-efficient strategy that leverages both wedge and directional drilling to generate multiple branches intersecting the prospective Piché Group formation. A full-time directional drilling team is integrated with contract drillers, enhancing precision in targeting and increasing operational flexibility. Drill-hole trajectories are monitored daily to ensure accurate deviation and allow for real-time adjustments. This system provides significant optionality for subsequent branches, enabling Radisson to adapt targets without compromising the integrity of the pilot hole for future exploration.
The O’Brien project has long been known for its occurrence of coarse gold. To address the challenges this presents in sample representativity, where for example, conventional fire assay may under-report grade by missing so-called ‘nuggets’, Radisson has implemented a screen metallics assay method in intervals containing or proximal to visible gold. As part of ongoing efforts to improve assay reliability and scalability, the Company will soon begin testing PhotonAssay technology. This next-generation technique offers a more advanced and comprehensive solution to the coarse gold challenge by enabling rapid, non-destructive analysis of larger sample volumes.
Qualified Person
Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O’Brien Gold Project.
About Radisson Mining
Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 ‘Technical Report on the O’Brien Project, Northwestern Québec, Canada’ effective March 2, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O’Brien Gold Project.
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com
Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com
Forward-Looking Statements
This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the closing of the Offering, the planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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