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Crypto Market Recap: Trump’s Crypto Moves Stir ECB Concerns

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Here is a quick recap of the crypto landscape for Friday (February 7) as of 9:00 a.m. UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$98,841, recording a 0.18 percent increase from its previous close (February 6). The day’s trading range saw a high of US$98,875 and a low of US$95,761.

Meanwhile, Ether is priced at US$2,779.16, marking a 0.40 percent decline over 24 hours. The cryptocurrency reached an intraday high of US$2,792.84 and a low of US$2,669.54.

Altcoin price update

SOL is currently valued at US$200.93, 0.43 percent higher over 24 hours, after hitting a daily high of US$200.93 and a low of US$188.04.

XRP rose to US$2.47, marking a 2.07 percent increase. The cryptocurrency reached an intraday high of US$2.47 and a low of US$2.29.

SUI is trading at US$3.33, a 2.92 percent decline, after a daily high of US$3.43 and a low of US$3.09.

Meanwhile, ADA is down, priced at US$0.7438, reflecting a 0.59 percent decrease over 24 hours. Its highest price on Friday was US$0.7483 and its lowest was US$0.7011.

ETF inflows and outflows

Grayscale Bitcoin Trust (GBTC) is trading at US$30.25, reflecting a 1.45 percent increase over 24 hours.

iShares Bitcoin Trust (IBIT) is priced at US$25.10, down 0.38 percent from the previous trading session. The ETF is trading at a -2.8 percent discount to NAV and holds US$5.8 billion in AUM.

Fidelity Wise Origin Bitcoin Trust (FBTC) is currently at US$24.75, marking a 0.21 percent decrease over 24 hours.

ARK 21Shares Bitcoin ETF (ARKB) is trading at US$28.40, reflecting a 0.62 percent increase from its last close.

Bitwise Bitcoin Strategy Optimum Yield ETF (BITB) is valued at US$22.85, recording a 0.79 percent gain over 24 hours.

Crypto news to know

The European Central Bank is hoping that US President Donald Trump’s support for dollar-pegged cryptocurrencies will accelerate the legislative process for the digital euro.

ECB board members stated that Trump’s stance on stablecoins adds urgency to the EU’s plans, as American-backed payment tools could further entrench U.S. dominance in global finance.

Furthermore, the European Commission introduced digital euro legislation in June 2023, but progress has been slow due to skepticism from lawmakers and the banking sector.

Meanwhile, Trump Media and Technology Group (TMTG) is expanding into crypto finance, taking steps toward launching a bitcoin ETF. The company has applied for trademarks under the Truth.Fi brand, with filings for products such as the ‘Truth.Fi Bitcoin Plus ETF.’

If approved, this would position TMTG as a competitor to major asset managers like BlackRock and Fidelity in the growing market for crypto investment products.

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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Canadian Investment Regulatory Organization Trade Resumption – SRR

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Trading resumes in:

Company: Source Rock Royalties Ltd.

TSX-Venture Symbol: SRR

All Issues: Yes

Resumption (ET): 9:30 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

News Provided by PR Newswire via QuoteMedia

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Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date

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Source Rock Royalties Ltd. (TSXV: SRR) (‘Source Rock’) is issuing this news release to confirm the record date and payment date for the January 2025 monthly dividend.

As previously announced on January 15, 2025, the board of directors of Source Rock has declared a monthly dividend of $0.0065 per common share, payable in cash on February 14, 2025 to shareholders of record on January 31, 2025. This information was disseminated by financial news providers and was therefore available to TSX Venture Exchange participating organizations, the financial community and other market participants.

On February 6, 2025, the TSX Venture Exchange issued an administrative bulletin notifying the market of a late dividend notice, indicating the common shares will begin trading on an ex-dividend basis effective February 07, 2025. Source Rock confirms that the shareholders of record on January 31, 2025 will receive the dividend payable on February 14, 2025. For further information, please refer to the news release dated January 15, 2025, available on Source Rock’s website or contact Brad Docherty, Chairman, President & CEO at brad@sourcerockroyalties.com or 403-473-8076.

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalties in southeast Saskatchewan, central Alberta and west-central Saskatchewan. Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock’s strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

Contact Information

For more information about Source Rock, visit www.sourcerockroyalties.com or contact Brad Docherty, Chairman, President & CEO at brad@sourcerockroyalties.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 of this release.

Not for distribution to U.S. news wire services or dissemination in the U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239989

News Provided by Newsfile via QuoteMedia

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New US Interior Secretary Moves to Expand Alaska Energy Development

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Former North Dakota Governor Doug Burgum took the oath of office to become the 55th US secretary of the interior on Saturday (February 1), vowing to prioritize domestic energy expansion, particularly in Alaska.

On his first day in office, Burgum wasted no time in advancing the administration’s energy agenda, signing six Secretary’s Orders designed to bolster US energy independence and expand resource development, particularly in Alaska.

“Today marks the beginning of an exciting chapter for the Department of the Interior,” Burgum said in a Monday (February 3) press release. “We are committed to working collaboratively to unlock America’s full potential in energy dominance and economic development to make life more affordable for every American family while showing the world the power of America’s natural resources and innovation.”

His swift actions align with the Trump administration’s revitalized efforts to reverse environmental and regulatory policies enacted under Joe Biden. Among the most consequential of his directives is Secretary’s Order 3422, which implements Executive Order 14153, titled “Unleashing Alaska’s Extraordinary Resource Potential.”

This order prioritizes resource extraction in Alaska, and rescinds previous restrictions that limited oil, gas and mineral production in the state. Specifically, Secretary’s Order 3422 directs the Department of the Interior to maximize natural resource production on both federal and state lands in Alaska. This includes oil and gas extraction and timber harvesting.

A key component of this shift is the revocation of Secretary’s Order 3401, which was issued in June 2021. It placed a temporary moratorium on activities in the Arctic National Wildlife Refuge Coastal Plain Oil and Gas Leasing Program.

The new order reinstates Secretary’s Order 3352, originally issued in May 2017, which prioritized energy development in the National Petroleum Reserve-Alaska (NPR-A). The reversal means that federal agencies must immediately reevaluate existing restrictions on leasing and permitting for oil and gas extraction in Alaska.

Additionally, Burgum’s order requires a review of all punitive restrictions that have hindered energy development in the state. Agencies must submit plans within 15 days outlining how they will execute the administration’s energy goals.

By reinstating Secretary’s Order 3352, the interior department is once again prioritizing the NPR-A for oil and gas leasing. The NPR-A is one of the largest oil-rich federal land reserves in the US, containing an estimated 8.7 billion barrels of recoverable oil and 25 trillion cubic feet of natural gas, according to government assessments.

Burgum’s order also emphasizes Alaska’s potential as a major liquefied natural gas (LNG) hub. The order includes provisions for fast-tracking pipeline infrastructure and transportation networks to support the state’s LNG industry.

To facilitate these efforts, the order mandates expediting the permitting and leasing process for new energy and natural resource projects in Alaska, and prioritizing infrastructure projects that are necessary for transporting resources.

The directive is expected to accelerate investments in Alaska’s energy sector, encouraging private companies to expand operations in the North Slope, the Cook Inlet and offshore areas.

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

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Almonty Pens Molybdenum Offtake Deal with SpaceX Contractor SeAH

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Critical minerals company Almonty Industries (TSX:AII,ASX:AII,OTCQX:ALMTF) said on January 29 that it has entered into an exclusive offtake deal with South Korean molybdenum processor SeAH M&S.

Under the deal, SeAH will purchase 100 percent of the material produced from Almonty’s Sangdong molybdenum project for the asset’s entire life. Located in Korea, Sangdong is expected to start producing in 2026.

SeAH is South Korea’s largest processor of molybdenum products, as well as the second largest molybdenum oxide smelter in the world. The company is building a US$110 million metals and fabrication facility in Temple, Texas, that will provide fabricated metal products to SpaceX, the Elon Musk-led rocket and spacecraft company.

Sangdong is being developed by Almonty’s subsidiary, Almonty Korea Moly, with mining and environmental permits already in place. It is expected to produce about 5,600 metric tons of molybdenum annually over a 60 year life.

“This agreement underscores the strategic importance of (Almonty Korea Moly) and reflects strong confidence in Almonty’s ability to deliver high-quality resources,” said Almonty CEO Lewis Black in a press release.

Pricing is set at a minimum of US$19 per pound, based on the current molybdenum price of approximately US$22. Almonty said this level will ensure financial stability and a predictable revenue base as it advances Sangdong.

“The floor price provides a stable foundation and access to low-rate domestic construction lending as we advance our moly project, while keeping the material in South Korea strengthens local supply chains and supports domestic industry,’ noted Black. He added that it builds on the success of the company’s Sangdong tungsten project.

The Sangdong molybdenum project sits about 150 meters from the Sangdong tungsten project, which according to Almonty will allow enhance logistical efficiency, reduce costs and leverage shared infrastructure and expertise.

The company also emphasized that the offtake will benefit South Korea’s domestic supply chain.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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How to Invest in Potash Stocks

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The world’s population is increasing rapidly and is expected to reach over 9.7 billion by 2050.

This situation is creating positive fundamentals for the agricultural sector, including the potash market. A larger population means much higher amounts of food will be needed; however, with more people will come further urbanization and less farmland with which to work, meaning farmers will have no choice but to increase crop yields.

That’s where fertilizers like potash come in. Unsurprisingly, many investors are wondering what potash is and how they can gain exposure to the potash market. Read on to find out more about potash investing, and whether it may fit into your portfolio.

In this article

    What is potash?

    Potash is a term that refers to compounds and minerals that contain potassium salts. It is naturally white or colorless, but ore sometimes takes on a pink or red color due to impurities such as clay. Most potash comes from salt left over from ancient evaporated seas that lie underground.

    There are several different types of potash, including sulfate of potash (SOP) and muriate of potash (MOP), which contain potassium sulfate and potassium chloride respectively.

    What is potash used for?

    Potash is most commonly used in fertilizers. All in all, 95 percent of the world’s potash supply is used to grow food. Potash fertilizer not only provides essential nutrients to food, but also improves water retention in plants and strengthens their roots and stems.

    SOP is used on high-value crops, such as a variety of fruits and vegetables, nuts, tea, coffee and tobacco, and is seen as premium quality. MOP is more common, and is typically used on vegetables such as sugar beets, celery and Swiss chard.

    Potash supply trends

    According to the US Geological Survey’s latest data on potash, global potash production came in at 48 million metric tons (MT) in 2024 and consumption totaled 38.8 million MT. The potash sector is suffering from oversupply, and that has created lower prices and put pressure on potash producers.

    The potash market has faced volatility in recent years, particularly from geopolitical conflicts. The agency estimates that in 2022 potash fertilizer demand decreased to between 35 to 39 million tons from 40.6 million tons in 2021 as a result of the Russian-Ukraine war.

    Canada stands out as the top potash-producing country with output of 15 million MT in 2024, the vast majority of which was from the province of Saskatchewan.

    Russia is the world’s second largest potash producer, with output of 9 million MT in 2024. Reclaiming its spot as the third largest producer, Belarus’ potash output rose to 7 million MT in 2024. It had fallen significantly in the prior two years, and it ranked at fourth place in 2023 with production of 4.5 million MT.

    Russia’s war in Ukraine and its use of Belarus as a staging ground have led to export sanctions on the two countries, which prior to 2022 accounted for a combined 40 percent of global potash supply. In 2024, that figure was 33 percent.

    All eyes will be on the Canadian potash market in 2025 as US President Donald Trump has threatened up to 25 percent tariffs on all goods imported from Canada into the United States. While he delayed the tariffs by one month in early February, it remains to be seen whether they’ll ultimately still be enacted.

    Tariffs on Canadian potash would likely result in higher costs for US farmers and consumers at the grocery store, as Canada represents more than 86 percent of annual US potash imports, according to Josh Linville, vice president of fertilizer at StoneX.

    Potash demand trends

    Potash demand is expected to climb in the coming years. Precedence Research expects the world’s potash market to grow at a compound annual growth rate (CAGR) of 4.93 percent between 2024 and 2033 to reach US$97.15 billion.

    The firm’s analysts attribute this stable growth in potash demand to increasing levels of economic development and rising per capita food consumption as the world’s population continues to rise.

    “The demand for potash is significantly influenced by emerging economies such as China, India, and Brazil, which have sizable agricultural industries,” the report states.

    Population growth is subsequently leading to increased urbanization and less available agricultural land. Other demand side trends for potash include the growth in sustainable agricultural practices and technological advances in agricultural science like genetically modified crops and precision farming.

    In terms of regional demand, Asia Pacific represents the largest market share coming in at 38 percent in 2023. Governments in the region are enacting policies and subsidies to encourage potash use among farmers in order to generate higher crop yields to feed growing populations.

    The North American market is expected to experience the most rapid growth over the forecast period, with a CAGR of 5.11 percent. In this region, potash is a necessary component for sustained agricultural output as many areas of the continent have nutrient-deficient soils.

    How to invest in potash

    For investors interested in the potash space and encouraged by its outlook, there are a number of entry points for investing in the potash market, including potash stocks and potash ETFs. We take a look at both ways to invest in potash below. All data and information was current as of January 30, 2025.

    Potash stocks

    There are many potash stocks to consider, so it’s important to do your research. There are a number of publicly traded mining companies with shares listed on major exchanges including the TSX, ASX and the NYSE. Investors often choose to begin with large producers in the potash sector. All stocks discussed below had market caps above $5 million in their respective currencies at the time data was collected.

    Major potash mining stocks

    BHP (ASX:BHP,NYSE:BHP,LSE:BHP)
    BHP is a multinational diversified mining company developing the Jansen potash mine in Saskatchewan. It is set to come online in late 2026, and expected to produce 8.5 million metric tons of potash annually.

    Compass Minerals International (NYSE:CMP)
    Compass Minerals is a leading producer of SOP in North America. Its SOP plant is located in Wynyard, Saskatchewan, and it produces SOP using large-scale solar evaporation at its Ogden operations in Utah’s Great Salt Lake.

    ICL Group (NYSE:ICL)
    Israel Chemicals Limited (ICL) Group is a multinational specialty minerals and chemicals company focused on potash, phosphate and advanced specialty fertilizers. The company produces potash from its mines in Israel and Spain.

    Intrepid Potash (NYSE:IPI)
    Intrepid Potash is the only producer of MOP in the United States. It operates an underground mine and a solar evaporation mine in Carlsbad, New Mexico, as well as solar evaporation mines in Wendover and Moab, Utah.

    K+S Aktiengesellschaft (OTCQX:KPLUF,ETR:SDF)
    K+S is a Germany-based chemical company and the leading potash supplier in Europe. The company also has production facilities in North America and South America.

    Mosaic (NYSE:MOS)
    Mosaic is an American chemical company which produces and markets concentrated phosphate and potash crop nutrients. The company’s North America Business is responsible for approximately 34 percent of estimated annual potash production on the continent, and its Belle Plaine mine in Saskatchewan is one of the largest-producing potash solution mines in the world.

    Nutrien (TSX:NTR,NYSE:NTR)
    Nutrien is Canada’s biggest potash company by far, formed through a merger of Agrium and PotashCorp. The company has a potash production capacity of over 27 million MT from its six potash mines in Saskatchewan.

    Junior potash mining stocks

    Agrimin (ASX:AMN)
    Agrimin is developing its Mackay project in Western Australia, which it says will be shovel ready in 2025. According to the company, the Mackay project contains the world’s largest known undeveloped mineral resources of brine-hosted SOP.

    Gensource Potash (TSXV:GSP)
    Gensource Potash is developing the Tugaske project in Saskatchewan. Once in operation, the company estimates it will produce a minimum of 250,000 MT of MOP per year.

    Highfield Resources (ASX:HFR)
    Highfield Resources is advancing on its near-term production stage Muga MOP project in Spain. The project is expected to produce more than 1 million MT of MOP per year.

    Karnalyte Resources (TSX:KRN)
    Karnalyte Resources is an advanced development-stage company focused on its construction-ready Wynyard potash project in Central Saskatchewan.

    Sage Potash (TSXV:SAGE,OTCQB:SGPTF)
    Sage Potash is developing its flagship project the Sage Plain potash property in the Paradox Basin of the US state of Utah. Once in operation, the project is estimated to produce 150,000 MT of potash annually, with plans to expand.

    Verde AgriTech (TSX:NPK,OTCQB:AMHPF)
    Verde AgriTech is an agri-tech company focused on making innovative products that promote sustainable agriculture. Its main asset is Cerrado Verde, which holds Brazil’s largest identified potash deposit, with an NI 43-101 resource of 3.32 billion MT.

    Western Resources (TSX:WRX)
    Western Potash, a subsidiary of Western Resources, is developing a potash solution mine at its Milestone project in Saskatchewan focused on MOP production. Milestone is close to Mosaic’s Belle Plaine mine.

    Potash ETFs

    Those who want more broad exposure may want to buy shares of an exchange-traded fund that includes potash stocks. Here are a few to get you started.

    VanEck Agribusiness ETF (ARCA:MOO)
    VanEck Agribusiness ETF follows the price and yield performance of the MVIS Global Agribusiness Index (MVMOOTR), which tracks the overall performance of companies involved in many areas of agribusiness, including agri-chemicals and fertilizers. The fund’s top holdings include Nutrien and Mosaic.

    IShares MCSI Agriculture Producers ETF (ARCA:VEGI)
    IShares MCSI Agricultural Producers tracks the investment results of an index composed of global equities of agribusiness companies, including fertilizer producers. Nutrien, Mosaic and ICL Group are among the fund’s top holdings.

    IShares Global Agriculture Index ETF (TSX:COW)
    IShares Global Agriculture Index ETF seeks to replicate the performance of the Manulife Investment Management Global Agriculture Index. Its top holdings include Nutrien, Mosaic, Intrepid Potash and ICL Group.

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

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    6 Biggest Crypto Mining Stocks

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    With Bitcoin and other digital stores of wealth gaining popularity, Bitcoin mining stocks offer another investment opportunity for those who believe in the future of this technology.

    Although the cryptocurrency market is marked by high volatility, analysts such as Peter Eberle, president and CEO of Castle Analytics, believe it could be a rewarding sector for investors this year and next.

    “The incoming pro-crypto Trump White House has given a lot of confidence to investors, both institutional and retail, and this should reduce the uncertainty that has held many investors back from the sector,’ he continued. ‘Both Canadian and US crypto investors should see the benefits from this confidence in the asset class.’

    Bitcoin set a new all-time high price of US$103,697 on December 4, 2024, and is trading above US$97,644 as of February 4, 2025.

    The global cryptocurrency-mining market is forecast to reach nearly US$8.24 billion by 2034, growing at a compound annual growth rate of 12.9 percent between 2024 and 2034.

    “The industry is expanding primarily because of the development of distributed ledger technologies and an increase in electronic venture capital investment,” notes Precedence Research. “Digital currency is now being used by developing nations as a means of financial transactions.”

    US cryptocurrency stocks

    1. MARA Holdings (NASDAQ:MARA)

    Company Profile

    Market cap: US$5.99 billion

    MARA Holdings, previously Marathon Digital Holdings, was one of the first cryptocurrency-mining companies to begin trading on the NASDAQ. The digital assets company is focused on building North America’s largest and lowest-cost mining operation.

    In its Q3 2024 financial and operational report, MARA shared that its hash rate for the quarter increased by 93 percent year-over-year to 36.9 exahashes per second (EH/s) and that its Bitcoin production came in at 2,070 Bitcoin. With the price of Bitcoin spiking more than 116 percent compared to the same quarter in the previous year, this helped the company’s revenues shoot up by 35 percent to US$132 million.

    2. Riot Platforms (NASDAQ:RIOT)

    Company Profile

    Market cap: US$4.23 billion

    Bitcoin miner Riot Platforms is another one of the relatively few crypto mining companies trading on the NASDAQ. In addition to mining Bitcoin itself, the company has multiple subsidiaries working in different aspects of the business, including one that hosts Bitcoin-mining equipment for clients.

    In the third quarter of 2024, Riot’s Bitcoin production came in at 1,104 Bitcoin, in line with the figure it produced for the same quarter in the previous year, despite the halving event in April. However, robust gains in the price of Bitcoin still allowed for an increase in total revenues year over year, coming in at US$84.8 million, up 65 percent compared to the same quarter in 2023.

    3. Cipher Mining (NASDAQ:CIFR)

    Company Profile

    Market cap: US$2.02 billion

    Cipher Mining operates an industrial-scale ecosystem of Bitcoin-mining data centers, offering Bitcoin-mining services to customers worldwide.

    The company’s total self-mining capacity goal of 13.5 EH/s was reached in December 2024. Cipher plans to expand further to approximately 25.1 EH/s by the end of 2025. In Cipher’s Q3 2024 report, the company shared that it saw revenue of US$24.1 million during the quarter, down 20.5 percent year-over-year. Its assets included 95,459 Bitcoin at that time, up significantly from 32,978 Bitcoin at the end of 2023.

    Canadian cryptocurrency-mining stocks

    1. Hut 8 Mining (TSX:HUT)

    Company Profile

    Market cap: C$2.95 billion

    Hut 8 Mining is one of the largest Bitcoin and Ethereum mining companies in the world. It has more than 1,322 megawatts of existing power capacity; 10 Bitcoin mining, hosting, and managed services facilities; and five high performance computing data centers.

    As of the end of the third quarter of 2024, the company’s self-mined Bitcoin held in revenue stock stood at 9,106. Hut 8 mined 234 Bitcoin in the quarter, down 65 percent from its output in the same period last year as it had shut down its Drumheller, Alberta, site over high energy costs. However, revenue reached US$43.7 million, up by more than 103 percent year over year.

    2. Bitfarms (TSX:BITF)

    Company Profile

    Market cap: C$1.03 billion

    Blockchain infrastructure firm Bitfarms is one of the largest cryptocurrency-mining operators in the Americas. The firm has 13 Bitcoin mining facilities across Canada, the US, Paraguay and Argentina.

    In its third quarter 2024 report, Bitfarms highlighted total revenue of US$45 million, up 30 percent year over year. As of late January 2025, the company had a hashrate of 15.2 EH/s, up from 7 EH/s in mid-May 2024. Management believes Bitfarms is on track to achieve a hashrate of 21 EH/s this year.

    After receiving an unsolicited takeover bid from Riot Platforms and competing ones from other companies in H1 2024, Bitfarms began conducting a strategic review to determine the best path forward for its shareholders.

    3. HIVE Digital Technologies (TSXV:HIVE)

    Company Profile

    Market cap: C$547.14 million

    Mining digital assets such as Ethereum, Ethereum Classic and Bitcoin, HIVE Digital Technologies is a crypto mining company that operates mining facilities in Sweden, Canada and Iceland. The company was the first publicly traded cryptocurrency miner, listing on the TSX Venture Exchange in 2017.

    HIVE reported in early January that its Bitcoin holdings stand at 2,805 Bitcoin. As of the end of December 2024, the company reached 6.0 EH/s of operational hashrate, up 47 percent from 4.08 EH/s on December 31, 2023.

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

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    How to Invest in Quantum Computing Companies

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    Quantum computing is an emerging technology that has the potential to revolutionize many industries.

    According to a late 2021 Statista forecast, the quantum computing market’s total revenue is projected to reach US$8.6 billion by 2027. To put that into perspective, the industry was worth only US$412 million in 2020.

    In this article

      What is quantum computing?

      In simple terms, quantum computing is a form of computing that harnesses the principles of quantum mechanics to process information. Unlike traditional computing, quantum computing does not use binary digits (either 0 or 1), or bits. Instead, quantum computing is based on qubits, which can represent much more information than bits can.

      Qubits can be both a 0 and a 1 simultaneously, which allows quantum computers to calculate larger datasets much faster than traditional computers.

      Quantum computers can also explore several possible solutions at once. This gives them a distinct advantage in solving problems related to optimization, cryptography, machine learning and financial modeling. In addition, quantum computers have promising applications in chemistry and material science. For example, quantum computing can simulate how a chemical compound might react in various scenarios.

      How does quantum computing work?

      Quantum computing is based on the principles of superposition and entanglement. In quantum mechanics, superposition describes the ability of a system to remain in multiple states at the same time until it is measured. Measurement in this context refers to any interaction between qubits and an external system, such as a detector or sensor, that would cause the qubits to collapse from multiple states to a single state.

      To understand the concept of superposition, it’s useful to imagine a coin spinning on its edge. When a coin is spinning, it is said to be in a state of superposition, meaning it is not defined as either heads or tails. However, if the coin is bumped or disturbed in any way, it will stop spinning and will end up displaying either heads or tails. In this analogy, the coin would be the qubits and the measurement would be whatever caused the coin to stop spinning.

      Qubits are sensitive to interference from their environment and are usually stored at very low temperatures in computing devices to protect them from influences such as temperature fluctuations, electromagnetic fields and other particles.

      For its part, entanglement describes a deep connection between two qubits, where the state of one qubit is directly dependent on the other qubit, no matter the distance between the two.

      There are two key properties of entanglement that all applications derived from it depend on. The first one, the Monogamy of Entanglement, states that entanglement between two qubits cannot be shared with a third. The second property of entanglement is called Maximal Coordination — it posits that the quantum state of a system is a combination of all the possible states that the system could be in, and that each state is measured by its probability.

      Maximal Coordination is an important feature of quantum mechanics that sets it apart from classical physics, and is what allows quantum computer systems to exhibit superposition and entanglement.

      What are the main uses of quantum computing?

      Quantum computing can be used in a wide range of industries, including finance, pharmaceuticals and logistics. For example, quantum computers could optimize stock portfolios, develop new drugs more quickly or improve supply chain management.

      Quantum computing has been applied to developing machine-learning algorithms as well, a realm that is still in relatively early stages of development and is brimming with potential for groundbreaking advancements.

      Two quantum algorithms that have already contributed greatly to the field of machine learning are Grover’s Algorithm, which can yield unstructured search results faster and improve pattern recognition in machines; and the Quantum Fourier Transform algorithm, which has properties that make it instrumental for understanding temporal dynamics, giving it a distinct edge for applications such as market trend analysis, weather forecasting and language recognition.

      Quantum computing, together with artificial intelligence, will undoubtedly catalyze the development of solutions to some of the world’s most complex problems. However, like many emerging technologies, the unique properties that make quantum computing such a promising field also present challenges and risks.

      Some experts have pointed out that quantum computers have the potential to break most encryption techniques that are currently used for cybersecurity. As quantum computers become more powerful, encryption techniques will need to be replaced with newer quantum-resistant alternatives.

      Dr. Michele Mosca from the University of Waterloo’s Institute for Quantum Computing argues that these concerns present an opportunity to establish stronger and more resilient security foundations for the digital economy. Staying one step ahead of the ever-evolving landscape of cybersecurity threats will be crucial.

      In response to these threat to cybersecurity, the Biden administration signed the Quantum Computing and Cybersecurity Preparedness Act into law in 2022. It requires federal agencies to adopt adequate defenses against quantum-computing-enabled attacks and migrate systems to post-quantum cryptography.

      For further information on how AI and quantum computing could affect cybersecurity, read our 2025 Cybersecurity Forecast.

      New developments in the quantum race

      Alphabet’s (NASDAQ:GOOGL) Google, a leader in quantum computing research since 2014 and the first to claim quantum supremacy in 2019, achieved a breakthrough with its Willow quantum processor at the end of 2024 when it demonstrated significantly improved error correction and scalability in quantum computing.

      To demonstrate Willow’s capabilities, Google performed a benchmark test called “random circuit sampling,” which Willow completed in under 5 minutes. It was estimated that it would take a classical supercomputer approximately 10 septillion years to complete the same task.

      Google’s quantum computer development roadmap includes six steps, and the company claims that its latest chip has advanced it to stage three.

      This development also brought the possibility of potentially breaking current encryption methods closer to reality and underscored the urgency of developing and implementing quantum-resistant solutions.

      The Willow news led to runs in quantum computing stocks, but the sector has also experienced a great deal of volatility as traders grapple with mixed messages from tech experts, who soon weighed in on how far practical applications for quantum computing were from reality.

      At the Consumer Electronics Show in January 2025, Nvidia (NASDAQ:NVDA) CEO Jensen Huang posited that the technology was likely 15 to 30 years away from being used in any sort of practical capacity.

      While Huang’s comments led to a drop in the quantum computing stocks that had previously been on the rise, they saw a resurgence when Nvidia and Microsoft (NASDAQ:MSFT) both shared updates related to their quantum computing efforts less than one week later.

      Nvidia announced on January 14 that the company would host a Quantum Computing Day — the company’s first — at its GPU Technology Conference in March. That same day, Microsoft published a blog post titled “The Year to Become Quantum Ready,” sharing the progress the company had made toward fault-tolerant quantum computing with Atom Computing and the launch of its Quantum Ready Program, an initiative to get businesses ready for the potential impact of quantum computing.

      How to invest in quantum computing companies

      For those wondering how to invest in quantum computing, the major tech firms discussed below offer an entry point, as do venture capital funds invested in private quantum computing companies. Accredited investors can purchase pre-IPO shares in privately held companies via online investment platforms such as Hive and EquityZen.

      Major quantum computing stocks

      Some of the biggest names in tech are also the foremost quantum computing stocks, including IBM (NYSE:IBM), Alphabet and Microsoft, and there are startups in the space as well.

      IBM has by far one of the largest and most diverse portfolios of quantum computing services and products. Its Quantum Computing Division offers over 100 qubit devices, and the company has a large quantum data center in New York. In October 2024, IBM brought quantum resources to Europe with the completion of its data center in Ehningen, Germany.

      IBM is known for developing the first commercially available quantum computer, IBM Quantum System One, in January 2019. In December 2023, the company announced the development of a newer model, IBM Quantum System Two, which is powered by three Heron chips, each one containing 133 qubits. Quantum System Two is designed to be modular and scalable to accommodate any future advancements made in quantum computing.

      Furthermore, IBM offers a software development kit called Qiskit, which is an open-source suite of software products that programmers can use to design their own algorithms and run simulations on classic computers before being executed on quantum computers. Qiskit is based on the Python programming language, making it accessible to anyone interested in learning. The newest version, Qiskit 1.3, was released in December 2024.

      In addition to these developments, IBM has several ambitious projects in quantum computing on its roadmap, and the company has an online platform, the Quantum Network, that gives users access to its cloud-based quantum computing services. In April 2023, EY Global Services joined the network to streamline and enhance its research capabilities.

      Google is another big name in tech that’s engaged in quantum computing. Its Quantum AI has been working to develop processors and algorithms since 2014, and claims to have been the first to achieve quantum supremacy with its quantum computer in 2019. In December 2024, Google achieved a breakthrough with its Willow quantum processor when it demonstrated significantly improved error correction and scalability in quantum computing. The company’s open-source framework, Cirq, allows users to write, manipulate, optimize and run quantum circuits on quantum computers and simulators.

      The announcement from Google caused a surge in small- and mid-cap quantum computing stocks in December. Shares of D-Wave Quantum (NYSE:QBTS) and IonQ (NYSE:IONQ) saw large gains at 92 and 34 percent respectively. Quantum Computing (NASDAQ:QUBT) had the most impressive stock surge, rising nearly 195 percent in the 10 days following the announcement. On January 7, Quantum Computing announced that it had received two more orders for its TFLN photonic chips, marking the successful completion of its 2024 pilot launch program.

      Rigetti Computing (NASDAQ:RGTI) is also on the rise, up nearly 1,000 percent year-over-year. After getting a bump from Google’s announcement, Rigetti’s stock rose rapidly in late December on the news that the company had launched an 84-qubit Ankaa-3 system and partnered with Quantum Machines to calibrate a quantum computer at the “AI for Quantum Calibration Challenge” hosted at the Israeli Quantum Computing Center.

      Microsoft has also made strides in quantum computing. Azure Quantum, a component of the company’s cloud-computing service, Azure, offers resources for users who want to learn more about quantum computing, including a development kit that can be used to custom-build quantum applications. Its chatbot, a quantum-focused version of Copilot, Microsoft’s AI-powered assistant, can explain unfamiliar concepts and help users navigate the world of quantum computing more easily.

      On top of that, the company has been heavily researching ways to build a scaled quantum supercomputer. In May 2023, Microsoft researchers achieved a significant milestone when they successfully created a new type of qubit that can make quantum computers more error-resistant and stable. This represents a huge breakthrough in quantum computing and physics, and Microsoft’s journey to this achievement was detailed in the June 2023 issue of Physical Review B.

      Quantum computing startups

      As eager as the major tech companies are to advance the field of quantum computing, they are not alone. Several smaller startups have emerged throughout Europe, North America and Australia, including Q-Ctrl, Multiverse Computing, Universal Quantum, 1QBit and QC Ware, all of which are striving toward accessible quantum computing solutions.

      Quantinuum, one of the leading quantum computing companies, is a spinout of Honeywell International (NASDAQ:HON) formed through a merger of Honeywell Quantum Solutions and Cambridge Quantum in November 2021. The company received significant support in early 2024 when JPMorgan Chase (NYSE:JPM) led a group of investors in a US$300 million funding round.

      The investment firm has been a longstanding supporter of the computing business, and has worked with Quantinuum and its predecessor companies since 2020. JPMorgan Chase may be hoping to reap the benefits that quantum computing offers the financial industry. A Bank Underground blog post highlights the “high-level changes” coming to payment systems, including the enabling of more efficient payment systems and smart contracts.

      More recently, PsiQuantum, a private startup firm with an estimated valuation of US$3.1 billion, announced a partnership with the state of Illinois to build the largest US facility conducive to quantum computing. The California-based company is seeking to house a quantum computer containing up to 1 million qubits within the next decade. According to MIT, currently the largest quantum computers host around 1,000 qubits. Some of the company’s most notable investors are hedge fund manager Blackrock (NYSE:BLK) and Microsoft. There’s no date yet set for an initial public offering (IPO) for PsiQuantum.

      Quantum computing ETFs

      Exchange-traded funds (ETFs) offer another avenue for investing in the emerging quantum computer sector.

      There is currently just one pure-play quantum computing ETF: Defiance Quantum ETF (NASDAQ:QTUM), which tracks companies developing and commercializing quantum computing applications and other advanced technologies. QTUM’s great performance is indicated in its yearly returns, up 48.26 percent as of January 15, 2025.

      QTUM holds 72 companies, and its top holdings by weight are Onto Innovation (NYSE:ONTO) at a weight of 1.7 percent, Teradyne (NASDAQ:TER) at 1.65 percent, KLA (NASDAQ:KLAC) at 1.58 percent and Taiwan Semiconductor (NYSE:TSM) at 1.54 percent.

      Investor takeaway

      Quantum computing is still in the early stages. However, as quantum computing continues to advance, investors considering getting exposure to this emerging technology will be able to choose between companies that are actively researching and developing quantum computing technology, as well as companies that are positioned to benefit from the adoption of quantum computing in their industries.

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

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      Cizzle Brands Corporation Becomes Title Sponsor of the CWENCH All Canadian Volleyball Games

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      Entering its third year, the CWENCH All Canadian Volleyball Games is Canada’s premier girls’ volleyball event. Set to take the national stage with live streaming on CBC Gem, the event features 60 of Canada’s top-performing girls’ volleyball players in each of the 17U and 16U age categories. As a proudly Canadian house of brands, this sponsorship is part of Cizzle Brands’ ongoing initiatives to support youth sports in Canada.

      Cizzle Brands Corporation (Cboe Canada: CZZL) (OTC: CZZLF) (Frankfurt: 8YF) ( the ‘Company’ or ‘Cizzle Brands’) is pleased to announce that its flagship brand CWENCH Hydration™ has become the title sponsor of the CWENCH All Canadian Volleyball Games (the ‘ Event ‘), Canada’s premier annual girls’ volleyball event, which is taking place this year at the Athlete Institute in Orangeville, Ontario on Sunday, June 8, 2025.

      This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250206101209/en/

      CWENCH Hydration has become the title sponsor for the All Canadian Volleyball Games, part of Cizzle Brands

      CWENCH Hydration has become the title sponsor for the All Canadian Volleyball Games, part of Cizzle Brands’ commitment to supporting Canadian youth sports and athletes. (Graphic: Business Wire)

      Started in 2023, the All Canadian Volleyball Games has become a highly recognized and exclusive event for girls’ volleyball, which received over 66 million views and impressions in its first year. As an invitation-only event for Canada’s most elite girls’ volleyball players, many of the participants in previous All Canadian Volleyball Games have gone on to be recruited by post-secondary institutions on athletic scholarships.

      The Event was founded by Gerry Dee , a Canadian actor, director, and comedian who has hosted the televised Family Feud Canada game show since 2019. Gerry Dee’s objective with the Event was to bolster visibility of girls’ volleyball, a sport that he became passionate about as a father of two daughters who play the sport competitively. Cizzle Brands’ Founder, Chairman, and Chief Executive Officer John Celenza also played a supporting role in the Event’s launch in 2023.

      In September 2024, the Associated Press reported that the popularity of girls’ volleyball was at an all-time high with participation increasing every year since at least 1980 (excluding the 2020-21 pandemic year).

      Under the five-year sponsorship agreement, Cizzle Brands will benefit from high-visibility placement of the CWENCH Hydration™ name and logo (on the volleyball court, arena signage, player jerseys, etc.) as part of the All Canadian Volleyball Games’ marketing and recruitment initiatives, preliminary events, and the annual main event which will be live-broadcasted nationally on CBC Gem. The sponsorship agreement also provides for product placement of CWENCH Hydration™ as the sports drink provided to players and coaches/trainers, in addition to Spoken Nutrition nutraceutical supplements being made available for participants to use.

      A replay of the 2024 Event can be viewed on YouTube through the following link: https://www.youtube.com/watch?v=rCJq4wNTP7s

      Players who have competed in previous years include the following (along with the post-secondary institution at which they have committed or currently play), many of whom will return for the 2025 CWENCH All Canadian Volleyball Games:

      Sydney Bell (Buffalo)

      Maëli Cormier (Oregon State)

      Remy Catojo (High Point)

      Aly Donoghue (Duke)

      Lauren Edlund (Northern Arizona)

      Jasmine Ellison (Oklahoma)

      Brooke Fermaniuk (Northern Arizona)

      Alyssa Flack (Oklahoma)

      Nikola Gamlin (Sacramento State)

      Ashlyn Gent (Old Dominion)

      Sara Gray (North Dakota)

      Brooklyn Grobb-Prins (UTSA)

      Ella Hope (Arizona State)

      Logan King (Long Beach)

      Calinda Kok (USC)

      Elodie Lalonde (High Point)

      Arianna Lonardi (Long Beach)

      Emerson Matthews (Buffalo)

      Avaya Maya (Oklahoma)

      Sydney McDermott (Kansas State)

      Ana Nastase (Southern Methodist)

      Ofure Odigie (Stanford)

      Dumebi Okoye (Colorado)

      Olivia Pasternak (Connecticut)

      Ella Piskorz (Pepperdine)

      Trinity Schadd Ceres (Wisconsin)

      Carmen Waye (Michigan State)

      Sofia Zabjek (Colorado State)

      Grace Blaskovits (St. Mary’s)

      Chloe Bradley (UBC)

      Emma Buntic (Western)

      Jasmine Cormier (Calgary)

      Paisley Dickie (Trinity Western)

      Tayana Dmitruk (Trinity Western)

      Sienna Driedger (Trinity Western)

      Athalia Duong (Western)

      Gabi Flaman (Saskatchewan)

      Makenna Gillick (Trent)

      Faith Hughes (Humber)

      Sol Henson (UBC)

      Delfina Henson (UBC)

      Trinity Lam (York)

      Eva Lin (McMaster)

      Julia Liu (Toronto)

      Julia Martens (Manitoba)

      Faith Obasi (Mount Royal)

      Raven Ogbodu (Mount Royal)

      Abby Wasutyk (UBC)

      Toni Wilson (Western)

      Jennifer Wu (McMaster)

      Cizzle Brands’ sponsorship of the Event is the continuation of the Company’s commitment to Canada and the nation’s emerging athletes. In addition to the CWENCH All Canadian Volleyball Games, Cizzle Brands is a sponsor of The Quebec International Pee-Wee Hockey Tournament, The CWENCH Next Gen Series, the BCHL, the KLEVR Network, Play Hockey, The Hockey Super League, HPL Hockey, The Brick Invitational Hockey Tournament and hundreds of youth hockey teams across the country.

      Cizzle Brands Founder, Chairman, and Chief Executive Officer, John Celenza commented, ‘Having been personally involved in the launch of the first All Canadian Volleyball Games back in 2023, I am particularly thrilled that CWENCH Hydration™ is becoming the title sponsor of the Event. Supporting Canadian youth sports across the country is core to who we are at Cizzle Brands and is more important than ever these days. Not only is it the right thing to do as proud Canadians, the fact is that the communities that we support return the investment in spades, giving patronage to our brands with incredible loyalty. We look forward to working with Gerry and supporting the players for the next five years, during which we foresee many opportunities to make a positive impact for girls’ volleyball across Canada.’

      Regarding Cizzle Brands’ sponsorship of the All Canadian Volleyball Games, Gerry Dee commented, ‘It is incredible to be working with John and his team again to support Canadian sports and girls’ volleyball. This is a sport that I have grown to love because of my daughters Aly and Faith, whose participation in competitive volleyball has proven to play a key role in their journey into adulthood. As the CWENCH All Canadian Volleyball Games enters its third year, we could not be more excited to be working with Cizzle Brands as a sponsor and making CWENCH Hydration™ a valued part of the Event by providing an all-natural, sugar-free hydration option to Canada’s most promising emerging volleyball stars.’

      Tickets for the 2025 CWENCH All Canadian Volleyball Games taking place on June 8, 2025 will be available for purchase at https://www.allcanadianvolleyball.com/ .

      About Cizzle Brands Corporation

      Cizzle Brands Corporation 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://cwenchhydration.ca/

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

      View source version on businesswire.com: https://www.businesswire.com/news/home/20250206101209/en/

      For further information, please contact:

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

      News Provided by Business Wire via QuoteMedia

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      Zodiac Gold Announces New $1M Financing, and Amends Previously Announced Debt Settlement

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      Zodiac Gold Inc. (TSXV: ZAU) (‘Zodiac Gold’ or the ‘Company’), a West-African gold exploration company, announces further to the Company’s news releases dated November 20, 2024, and January 3, 2025, it has closed its private placement for gross proceeds of approximately C$123,000 with no further tranches closed. The Company will commence a new offering of units for C$0.07 per unit for aggregate gross proceeds of up to C$1,000,000 (the ‘New Financing’).

      In connection with the end of the previous financing and the commencement of the New Financing, the Company also intends to amend the exercise price of the 1,230,000 share purchase warrants issued pursuant to the previous financing from C$0.15 per share to C$0.12 per share. The proposed amendment is subject to the receipt of all necessary approvals from the TSX Venture Exchange (‘TSXV‘).

      New Financing Terms

      The New Financing will consist of an offering of units of the Company (the ‘Units‘), on a non-brokered private placement basis, for aggregate proceeds of up to C$1,000,000. The Offering is being led by existing shareholders.

      Pursuant to the New Financing, the Company intends to issue up to 14,285,715 Units at a price of C$0.07 per Unit (the ‘Issue Price‘). Each Unit will consist of one common share of the Company (a ‘Common Share‘) and one Common Share purchase warrant (a ‘Warrant‘). Each Warrant will entitle the holder to purchase one Common Share (a ‘Warrant Share‘) at an exercise price of C$0.12 per Warrant Share for a period of 24 months following the closing of the Offering.

      The Company intends to use the proceeds from the New Financing to fund continued exploration at its flagship Todi Gold Project, Bomi South, and Bong West licences in the Republic of Liberia, West Africa and for working capital purposes.‎

      Closing of the New Financing is anticipated to be completed in February 2025 and may occur in tranches. Closing is subject to the receipt of all necessary approvals from the TSXV.

      Finders Fees

      Subject to the approval of the TSXV, the Company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the New Financing from subscribers introduced to the Company by such finders and up to 7% in finders warrants (the ‘Finder Warrants‘) of the aggregate number of Units placed by such finders. Each Finder Warrant will entitle the holder thereof to purchase one Common Share at the Issue Price and will be exercisable for a period of 24 months from the closing of the New Financing.

      Hold Period

      The securities issued pursuant to the New Financing shall be subject to a four-month plus one day hold period commencing on the day of the closing of the New Financing under applicable Canadian securities laws.

      Insider Participation

      Certain directors of the Company are expected to acquire Units under the New Financing. Such participation will be considered to be a ‘related party transaction’ as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating directors nor the consideration to be paid by such directors is anticipated to exceed 25% of the Company’s market capitalization.

      Revised Debt Settlement

      The Company has amended the terms of the debt settlement agreement with David Kol and certain service providers of the Company that was originally announced on January 3, 2025. Pursuant to the revised debt settlement agreement, the Company has agreed to issue an aggregate of 2,377,504 Common at a deemed price of C$0.07 per Common Share to settle a total indebtedness of C$166,425.30.

      The disinterested members of the Company’s board of directors believe that the revised debt settlements are in the best interests of the Company and have unanimously approved them. Completion of the revised debt settlements is subject to the receipt of all necessary TSXV approvals.

      Because insiders will be participating in the debt settlement, it is considered to be a ‘related party transaction’ as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Common Shares to be issued to the participating insiders nor the consideration received from them exceeds 25% of the Company’s market capitalization.

      The securities issued pursuant to the debt settlement shall be subject to a four-month plus one day hold period commencing on the day of the closing of the debt settlement under applicable Canadian securities laws.

      About Zodiac Gold

      Zodiac Gold Inc. (TSXV: ZAU) is a West-African gold exploration company focused on its flagship Todi Project situated in Liberia-an underexplored, politically stable, mining-friendly jurisdiction hosting several large-scale gold deposits. Strategically positioned along the fertile Todi Shear Zone, Zodiac Gold is developing a district-scale gold opportunity covering a vast 2,316 km2 land package. The project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets and high-grade gold intercepts.

      For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:

      David Kol
      President & CEO
      info@zodiac-gold.com

      Forward Looking Information

      This news release includes certain ‘forward-looking statements’ within the meaning of Canadian securities legislation.

      Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘forecast’, ‘expect’, ‘potential’, ‘project’, ‘target’, ‘schedule’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

      The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

      Neither 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.

      NOT FOR DISSEMINATION IN THE UNITED STATES

      To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239836

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