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Lynette Zang: Gold, Silver Price Potential as Public Turns to Sound Money

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In her view, it’s only a matter of time before both precious metals are squeezed higher.

‘We’ll see, but it wouldn’t surprise me to see the spot market break US$3,000 (per ounce) by the end of this year,’ she said about gold, adding that silver could finish 2024 at the US$50 per ounce level.

Zang also shared her thoughts on soaring US debt and America’s latest bank failure.

‘I don’t believe that this is a one-off event — even the American Bankers Association doesn’t believe that this is a one-off event,’ she said in reference to the closure of the Oklahoma-based First National Bank of Lindsay.

‘I think that it speaks to a much bigger issue,’ Zang added. ‘It goes back again to that debt wall, which is really a global issue. And all of the corporations and governments that have to roll over debt that they can’t afford at this level, that they took out at much lower interest rate levels. So it only adds to the woes, to be honest with you.’

In closing, she emphasized how important it is for people to become as independent and self-sufficient as possible, focusing on security in food, water, energy, barterability, wealth preservation, shelter and especially community.

‘I’ve been doing just what I’ve talked about … since 2008, when I knew the system died. We don’t have that luxury of time anymore. We are at the absolute end. I can’t tell you the exact moment, but you better be prepared before that exact moment comes,’ she said, adding, ‘We’ve got to come together in community.’

Watch the interview above for more from Zang on the above, as well as her thoughts on the BRICS Summit.

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

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Top 5 Palladium and Platinum Countries by Production

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Platinum-group metals (PGMs) include platinum, palladium, rhodium and other metals, all of which are prized for their durability, resistance to corrosion and excellent catalytic properties.

The automotive industry is the world’s largest consumer of these metals, which among other things are used in catalytic converters for vehicle exhaust systems. A rebound and continued growth in auto production is projected in the coming years, particularly in developing markets, and this should increase demand for PGMs, especially when it comes to platinum and palladium. On the supply side, the platinum market is expected to slide into a significant deficit in 2024 and beyond.

But where do platinum and palladium come from? The list of the world’s top palladium- and platinum-mining countries is a short one, and most PGMs come from South Africa and Russia.

Russia’s ongoing war in Ukraine and electricity shortages in South Africa are expected to seriously hamper the ability of these nations to bring PGMs to market. So what other countries are platinum and palladium producers, and which countries hold the most platinum and palladium reserves? Below is a list of the five top producers in 2023, as per the latest data from the US Geological Survey.

1. South Africa

Platinum production: 120,000 kilograms
Palladium production: 71,000 kilograms
PGM reserves: 63 million kilograms

South Africa is top of the list of the world’s top platinum producers, with production of 120,000 kilograms in 2023. The country is also a major producer of palladium, taking second place globally with 71,000 kilograms last year. South Africa also holds the largest-known reserves of PGMs globally at 63 million kilograms.

According to the US Geological Survey, 2023 production of PGMs in South Africa ‘decreased compared with that in 2022 owing to disruptions to the supply of electricity and multiple issues related to rail transport. Declining prices also contributed to decreased production.’

The Bushveld complex is the largest PGMs resource in the world, and represents a large majority of annual global production of platinum and palladium. Impala Platinum Holdings (OTCQX:IMPUY,JSE:IMP), commonly called Implats, is a significant producer in the complex, which hosts the company’s Impala Rustenburg mine, Marula mine, Bafokeng and Two Rivers joint venture.

2. Russia

Platinum production: 23,000 kilograms
Palladium production: 92,000 kilograms
PGM reserves: 5.5 million kilograms

Despite being the world’s second biggest platinum-mining country, Russia’s annual production trails behind South Africa’s by a large margin, coming in at 23,000 kilograms for 2023. That said, Russia was the top palladium producer, putting out 92,000 kilograms last year — 21,000 kilograms higher than South Africa’s output.

Russia-focused Norilsk Nickel (MCX:GMKN) is the world’s largest palladium producer, and it plans to invest US$35 billion in infrastructure upgrades between 2021 and 2030, which will ultimately result in higher metals output.

There have been questions about how Russia’s war in Ukraine could impact the Russian mining sector. The USGS reports that for 2023, ‘Production in Russia, the world’s leading producer of palladium, increased owing to higher metal grades and ore recovery as well as increased processing of inventory.’ In October 2024, as the war continued, the US suggested that Group of Seven countries sanction Russia’s palladium production, leading prices to jump significantly on supply concerns.

3. Zimbabwe

Platinum production: 19,000 kilograms
Palladium production: 15,000 kilograms
PGM reserves: 1.2 million kilograms

Zimbabwe is a major producer of both platinum and palladium, producing 19,000 and 15,000 kilograms of the precious metals respectively in 2023. Zimplats (ASX:ZIM,OTC Pink:ZMPLF) is the biggest platinum miner in the country, and it is 87 percent owned by Implats.

In October 2022, Zimbabwe introduced a policy that allows it to stockpile physical metals, including PGMs. A change to the country’s existing cash royalties on miners, the rules require mining companies to pay royalties based on their production in a combination of cash and refined physical metals.

The policy currently applies to PGMs, gold, diamonds and lithium. However, it is dynamic, with the option to add or subtract affected metals and change royalty percentages based on factors such as geological scarcity and demand trends. For example, Zimbabwe doubled its royalties for platinum miners to 5 percent this past January, and intends to up the royalties for lithium as well.

4. Canada

Platinum production: 5,500 kilograms
Palladium production: 16,000 kilograms
PGM reserves: 310,000 kilograms

Canada’s strong palladium production of 16,000 kilograms was the third highest globally in 2023. Canada’s platinum production is also significant, with 5,500 kilograms. The North American country’s palladium and platinum production were nearly both on par with the previous year.

The country only holds 310,000 kilograms of known PGMs reserves — the lowest total reserves on this list — but companies continue to explore for PGMs in Canada in search of more deposits.

Canadian PGMs production takes place mainly in the province of Ontario, but PGMs output also comes out of Québec and Manitoba. The country has one primary PGMs-producing mine, the Lac des Iles mine in Western Ontario, which is owned by Implats Canada. The remainder of the country’s production is as a by-product of Canada’s primary nickel mines.

5. United States

Platinum production: 2,900 kilograms
Palladium production: 9,800 kilograms
PGM reserves: 820,000 kilograms

The United States produced 9,800 kilograms of palladium in 2023 alongside 2,900 kilograms of platinum.

Sibanye Stillwater’s (NYSE:SBGL) Stillwater Complex in Montana is the only primary producer of PGMs in the US. The company also maintains a smelter, refinery and laboratory in Montana and recovers PGMs from spent catalyst material.

Low palladium prices have forced Sibanye Stillwater to curtail production and layoff about 700 employees at the Stillwater Complex in 2024. The company has pointed to Russia flooding the palladium market to depress prices. In response, Montana’s two US senators introduced a bill calling for a ban on imports of Russian palladium.

FAQs for investing in palladium and platinum

What is platinum?

Platinum is the namesake of the PGMs category and is also a precious metal. Signified by the symbol Pt and atomic number 78 on the periodic table, platinum has a silverish-white hue.

What is platinum used for?

Platinum plays a large role in the auto industry for its ability to reduce emissions. Additionally, platinum is in high demand for jewelry and as an investment metal.

Platinum is also benefiting from growing demand from the hydrogen fuel cell sector. The metal is a key catalyst in the process that converts hydrogen into electricity.

What is palladium metal?

Palladium fits into the precious metals category and is a PGM. It is represented by the symbol Pd and atomic number 46 on the periodic table of elements. Palladium has a silvery-white color and is prized for its rarity.

What is palladium used for?

The automotive sector is the primary end user of palladium. The metal is a key component in the catalytic convertors of internal combustion engine vehicles, where it is used to reduce emissions.

Like platinum, palladium is used in jewelry and valued as an investment. It has other smaller-scale uses, and is consumed in various ways by the medical and dental fields, among others.

What is the best way to invest in palladium?

While there is no single best way to investing in palladium, those interested in gaining exposure to this market have a variety of options. Investors who prefer more tangible assets can add physical palladium to their portfolios, including palladium bullion and coins. Palladium exchange-traded funds such as the Sprott Physical Platinum and Palladium Trust (ARCA:SPPP) and the Aberdeen Standard Physical Palladium Shares (ARCA:PALL) offer another route. Palladium-focused stocks are yet another option, with pure-play palladium miners including Sibanye-Stillwater and Impala Platinum Holdings.

Why are metals like gold, platinum and palladium so expensive?

Precious metal gold has long been valued as a form of currency and a store of wealth, all of which have built up its high intrinsic value. Platinum and palladium are 30 times rarer than gold, much harder to mine and are in high demand due to their important industrial uses.

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

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Bitcoin: A Price History of the First Cryptocurrency (Updated 2024)

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Bitcoin, the most well-known cryptocurrency, paved the way for the cryptocurrency asset class.

Now the cryptocurrency of choice, its meteoric rise was unlike any other commodity, resource or asset. Bitcoin’s price rose more than 1,200 percent from March 2020 to reach US$69,044 on November 10, 2021.

The currency showcased its famous volatility in the following year, falling as low as US$15,787 by November 2022 amid economic uncertainty and a wave of negative media coverage.

The cryptocurrency started 2024 just below US$45,000 and has seen substantial gains in the first half of this year. Bitcoin reached its new all-time high price of US$73,115 on March 11, 2024.

So, where did Bitcoin start, and what has spurred Bitcoin’s price movements in recent years? Read on to find out.

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What is Bitcoin and who invented it?

Created as a response to the 2008 financial crisis, the concept of Bitcoin was first introduced in a nine-page white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” on October 31, 2008, on a platform called Metzdowd.

The manifesto was penned by a notoriously elusive person (or persons) who used the pseudonym Satoshi Nakamoto. The author(s) laid out a compelling argument and groundwork for a new type of cyber-currency that would revolutionize the monetary system.

Cryptographically secured, Bitcoin was designed to be transparent and resistant to censorship, using the power of blockchain technology to create an immutable ledger preventing double-spending. The true allure for Bitcoin’s early adopters was in its potential to wrestle power away from banks and financial institutes and give it to the masses.

This was especially enticing as the fallout from the 2008 financial collapse ricocheted internationally. Described as the worst financial crisis since the Great Depression, US$7.4 billion in value was erased from the US stock market in 11 months, while the global economy shrank by an estimated US$2 trillion.

On January 3, 2009, the Genesis Block was established, marking the beginning of Bitcoin’s blockchain, onto which all additional blocks have been added. The Genesis Block contained the first 50 Bitcoins ever created and a simple message: “The Times 03/Jan/2009 Chancellor on the brink of second bailout for banks.”

Many believe the message hints at Bitcoin’s mission, as it references an article in The London Timesthat criticized the British government’s inadequate response to the financial crisis of 2007 to 2008, particularly the government’s inability to provide effective relief and support to the struggling economy.

What was Bitcoin’s starting price?

When Bitcoin started trading in 2009, its starting price was a minuscule US$0.0009.

On January 12, 2009, Nakamoto made the first Bitcoin transaction when they sent 10 Bitcoins to Hal Finney, a computer scientist and early Bitcoin enthusiast, marking a crucial milestone in the cryptocurrency’s development and adoption.

News of the cryptocurrency continued to spread around the Internet, but its value did not rise above US$0 until October 12, 2009, when a Finnish software developer sent 5,050 Bitcoins to New Liberty Standard for US$5.02 via PayPal, thereby establishing both the value of Bitcoin and New Liberty Standard as a Bitcoin exchange.

The first time Bitcoin was used to make a purchase was on May 22, 2010, when a programmer in Florida named Laszlo Hanyecz offered anyone who would bring him a pizza 10,000 Bitcoin in exchange. Someone accepted the offer and ordered Hanyecz two Papa John’s pizzas for US$25. The 10,000 Bitcoin pizza order essentially set Bitcoin’s price in 2010 at around US$0.0025.

Bitcoin’s price finally broke through the US$1 mark in 2011, and moved as high as US$29.60 that year. However, in 2012 Bitcoin pulled back and remained relatively muted.

Bitcoin’s price saw its first significant growth in earnest in 2013, the year it broke through both US$100 and US$1,000. It climbed all the way to US$1,242 in December 2013.

From that peak, Bitcoin’s price began to fall, and it spent most of 2015 in the US$200 range, but it turned around in December 2015 and began to climb again, ending the year at around US$430.

Bitcoin price chart from August 2011 to December 31, 2015.

Chart courtesy of TradingEconomics.com

When did the Bitcoin price start to grow?

January 1, 2016, marked the beginning of Bitcoin’s sustained price rise. It started the year at US$433 and ended it at US$989 — a 128 percent value increase in 12 months.

That year, several contributing factors led to Bitcoin’s rise in mainstream popularity. The stock market experienced one of its worst first weeks ever in 2016, and investors began turning to Bitcoin as a “safe-haven” stock amidst economic and geopolitical uncertainty.

2016 also saw the Brexit referendum in the UK in June and the election of Donald Trump to the White House in November, both events that coincided with a bump in Bitcoin’s price.

Bitcoin continued its ascent, while various industries continued to take an interest in blockchain technology, particularly technology and finance. In February, a group of investors that included IBM (NYSE:IBM) and Goldman Sachs invested US$60 million in a New York firm developing blockchain technology for financial services, Dig Asset Holdings. Bitcoin was trading at US$368.12 on February 2, down a bit from January, but two months later it was US$418.

In May the price of Bitcoin experienced a significant price increase, rising by 21 percent to US$539 at the end of the month. Its price went higher into June, peaking at US$764 on June 18. After that, it fell sharply and spent the summer in the high US$600 range. It dropped to US$517 on August 1 and started its climb all over again.

Microsoft (NASDAQ:MSFT) and Bank of America Merrill Lynch partnered for a finance transacting endeavor in September. Not much price movement was observed, but Bitcoin remained on a steady upward trajectory after that. In October, Ripple partnered with 12 banks in a trial that used its native digital currency token XRP to facilitate cross-border payments. Institutional investment bolstered investor confidence, and Bitcoin went from US$629 to US$736 between October 20 and November 20.

Bitcoin’s popularity continued into 2017, and it rose from US$1,035.24 in January to US$18,940.57 in December. Futures contracts began trading on the Chicago Mercantile Exchange in December 2017, and Bitcoin began to be more widely perceived as a legitimate investment rather than a passing fad. FOMO flooded the market. What ensued was a frenzy of media coverage featuring celebrity endorsements and initial coin offerings (ICOs) that spilled into 2018.

Regulators began to take notice and issued warnings and guidelines meant to protect investors and mitigate risks associated with digital assets, which only seemed to make people want them more.

Through it all, Bitcoin remained the “gold standard” of cryptocurrencies, yet its price was subject to extreme volatility. At the beginning of 2019, it was around US$3,800, it reached nearly US$13,000 in June, but by December 2019 Bitcoin was trading at around US$7,2000.

Bitcoin price chart from January 1, 2016, to December 31, 2019.

Chart courtesy of TradingEconomics.com

What factors led to Bitcoin’s rise in the early 2020s?

2020 proved a testing ground for the digital coin’s ability to weather financial upheaval. Starting the year at US$6,950.56, a widespread selloff in March triggered by the pandemic brought its value to US$4,841.67 — a 30 percent decline.

The low created a buying opportunity that helped Bitcoin regain its losses by May. The rally continued throughout 2020, and the digital asset ended the year at US$29,402.64, a 323 percent year-over-year increase and a 507 percent rise from its March drop.

By comparison, gold, one of the best-performing commodities of 2020, added 38 percent to its value from the low in March through December, setting what was then an all-time high of US$2,060 per ounce in August.

Bitcoin’s ascent continued in 2021, rallying to an all-time high of US$68,649.05 in November, a 98.82 percent increase from January. Much of the growth in 2021 was attributed to risk-on investor appetite.

Increased money printing in response to the pandemic also benefited Bitcoin, as investors with more capital looked to diversify their portfolios. The success of the world’s first cryptocurrency amid the market ups and downs of 2020 and 2021 led to more interest and investment in other coins and digital assets as well. For example, 2021 saw the rise of non-fungible tokens (NFTs), unique crypto assets that are stored, sold and traded digitally using blockchain technology.

Almost immediately following its record close above US$69,000 in November 2021, Bitcoin’s value began to fall once again. Market uncertainty weighed especially heavily on Bitcoin in 2022. During the second quarter of that year, values dived below US$20,000 for the first time since December 2020.

On May 7, 2022, Curve Whale Watching posted the first sign that confidence in Terra Luna, a cryptocurrency pegged to the US dollar, was waning after 85 million of its stablecoin UST exchanged for less than the 1:1 ratio it was supposed to maintain. This triggered a massive sell-off that brought Luna’s value down 99.7 percent and eventually resulted in the Terra tokens ceasing to be traded on major crypto exchanges.

Terra’s collapse had a domino effect on the industry as investors’ faith in crypto crumbled. In July, the Celsius network, a platform where users could deposit crypto into digital wallets to accrue interest, halted all transfers due to “extreme market conditions”, driving down the price of Bitcoin even further to US$19,047, a 60 percent decline from January 2022. In July, Celsius filed for Chapter 11 bankruptcy.

However, the biggest shake-up to the industry came in November when CoinDesk published findings that cryptocurrency trading firm Alameda Research led by Sam Bankman-Fried had borrowed billions of dollars of customer funds from crypto exchange and sister company FTX. Over a third of Alameda’s assets were tied up in FTT, the native cryptocurrency of FTX.

Once this news broke, investors withdrew their funds en masse, causing a liquidity crunch that collapsed FTX. Bankman-Fried was later arrested and sentenced to 25 years in federal prison on counts of money laundering, wire fraud and securities fraud.

Although Bitcoin was never implicated, the fallout of the FTX scandal led to a crisis of confidence across the sector and increased scrutiny from regulators and law enforcement. By the end of 2022, prices for Bitcoin had moved even lower to settle below US$17,000.

Bitcoin price chart from January 1, 2020, to December 31, 2022.

Chart courtesy of TradingEconomics.com

What was the highest price for Bitcoin?

Bitcoin set a new all-time high price on March 14, 2024, when it reached US$73,737.94 per BTC. This new highest price came after more than a year of slowly climbing back up from its 2022 lows.

Bitcoin’s powerful performance cannot be understated as evidenced by its price performance in the later half of 2023 and so far in 2024.

Concerns with the banking system led the price of Bitcoin to rally in March 2023 to US$28,211 by March 21 after the failure of multiple US banks alarmed investors.

In Q2 2023, Bitcoin continued its ascent, stabilizing above US$25,000 even as the US Securities Exchange Commission (SEC) filed lawsuits against Coinbase Global (NASDAQ:COIN), along with Binance and its founder Changpeng Zhao.

Although it looked like bad news for the sector, Bitcoin stayed steady, holding above US$25,000. This was supported by BlackRock (NYSE:BLK), the world’s largest asset manager, filing for a Bitcoin exchange-traded fund with the SEC on June 15.

Bitcoin’s price jumped above US$30,000 on June 21, and on July 3, the crypto hit its highest price since May 2022 at US$31,500. It held above US$30,000 for nearly a month before dropping just below on July 16. By September 11, prices had slid further to US$25,150.

Heading into the final months of the year, the Bitcoin price benefited from increased institutional investment on the prospect of the SEC approving a bevy of spot Bitcoin exchange-traded funds by early 2024. In mid-November the price for the popular cryptocurrency was trading up at US$37,885, and by the end of the year that figure had risen further to US$42,228 per BTC.

2024 Bitcoin price performance

Bitcoin price chart from January 1, 2023, to October 28, 2024.

Chart courtesy of TradingEconomics.com

Once the SEC’s approval of 11 spot Bitcoin ETFs hit the wires, the price per coin jumped again to US$46,620 on January 10, 2024. These investment vehicles were a major driving force behind the more than 42 percent rise in value for Bitcoin in February; it reached US$61,113 on the last day of the month.

On March 4, Bitcoin surged almost 8 percent in 24 hours to trade at US$67,758, less than 2 percent away from its previous record, and on March 11 it hit a new milestone, surpassing the US$72,000 mark. Three days later, on March 14, Bitcoin reached its highest-ever recorded price of US$73,737.94, surpassing the market cap of silver.

Bitcoin often surges leading up to the halving events, which is when Bitcoin rewards are halved for miners. The most recent came in April when the reward for completing a block was cut from 6.25 to 3.125 Bitcoin.

Several sources cited the 2024 halving as one of the forces that drove the price of Bitcoin to its newest high.

The halving occurred at around 8:10 p.m. EDT on a Friday, and Bitcoin’s price remained stable within the US$63,000 to US$65,000 range over the ensuing weekend. On April 22, the Monday following the halving, it was slightly above US$66,000.

While Bitcoin’s price stayed relatively stable, the cryptocurrency’s trading volume experienced significant fluctuations through that weekend, with a 45 percent increase from April 19 to April 20 followed by a 68 percent decline on April 21. Between April 30 and May 3, it fell as low as US$56,903 following the Federal Reserve’s April policy meeting, which did not produce a rate cut.

Reports that the SEC was moving to approve spot Ether ETFs in May sent the price of Bitcoin climbing again alongside that of Ether, the native token of the Ethereum blockchain, which serves as the foundation for these ETFs. Bitcoin passed US$71,000 for the second time ever at 8:00 p.m. EDT on May 20, days before the SEC approved spot Ether ETFs on May 23.

Bitcoin hovered between US$67,000 and US$69,000 for the remainder of the month and into the middle of June. It fell back below US$67,000 on June 13 and moved lower the next day when the Federal Reserve opted to delay lowering interest rates once again.

Losses picked up speed through late June and continued in July, with analysts pointing to uncertainty over post-election regulations, Germany’s sell-off of seized Bitcoin assets and concerns about the impact of the defunct trading platform Mt. Gox on the token market. Bitcoin dropped to a two-month low of US$55,880 on July 8, but quickly recovered most of its losses after Federal Reserve Chairman Jerome Powell’s congressional testimony on July 9 that signaled rate cuts may not be far off.

As crypto gains wider acceptance and accessibility, with more traditional financial institutions and products incorporating digital assets, the type of risk that Bitcoin represents has evolved. Bitcoin was primarily seen as a highly speculative alternative investment. Now, with expanding institutional interest, it is increasingly seen as a ”risk-on” asset – meaning its price movements are influenced by market sentiment, investor confidence and broader economic conditions.

A rise in Bitcoin’s price ensued after the July 13 assassination attempt of US presidential candidate Donald Trump, who has been actively endorsing the crypto industry for support. Bitcoin rose from US$57,899 to US$66,690 in the week following the incident as the odds of a Trump victory were seen to improve, highlighting the impact of regulatory uncertainty on the market. However, Bitcoin’s price didn’t experience any significant pullbacks in the week after current US President Joe Biden dropped out of the race on July 21 and current Vice President Kamala Harris took over as the new nominee.

Other significant developments affecting Bitcoin during the summer included the underwhelming performance of spot Ether ETFs, fears of a US government Bitcoin sell-off, Trump’s proposed national Bitcoin stockpile and Trump’s declining chances of winning the election as support for Harris snowballs.

Bitcoin experienced a tumultuous August, with its price plummeting alongside other digital assets and the stock market on August 5th. Several factors triggered this sell-off, including weaker-than-expected economic data on August 2 and an unexpected interest rate hike in Japan. These events sparked panic in Asian markets, leading investors to liquidate high-risk assets like Bitcoin.

Despite a brief recovery, Bitcoin continued to fluctuate throughout August, dropping to US$58,430 on the weekend of August 10 and 11, and experiencing further price swings between US$60,700 and US$56,700. While positive inflation data boosted the stock market, Bitcoin struggled to break past a US$60,000 ceiling.

A brief rally on August 23rd, prompted by the Federal Reserve’s signal to begin lowering interest rates, was quickly followed by another price drop. This pattern of rallies and subsequent declines persisted for the remainder of August and most of September.

The upcoming US presidential election has affected Bitcoin’s price movements, with the Republican party generally seen as more ‘crypto-friendly’ than the Democrats.

What is Bitcoin at today?

As of 2:00 p.m. EDT on October 29, Bitcoin is valued at US$72,721 and its market cap is US$1.53 trillion.

October, historically a bullish month for Bitcoin, started with the cryptocurrency’s price tumbling from US$64,000 to US$60,770 on the very first day. For the next few weeks, Bitcoin seemed to be stuck in a holding pattern, fluctuating within a narrow band. On October 13, positive inflation data boosted the market, pushing Bitcoin above the US$63,000 mark.

On October 28, as trading began in Asia, a surge of activity propelled Bitcoin past the US$70,000 milestone. The excitement continued to build with the European markets, where another wave of buying pushed the price even higher to US$71,200. Anticipation mounted as North American traders joined the fray, pushing the price just short of US$72,000, and it continued upwards to just under US$73,000 at 1:30 p.m. PDT October 29.

FAQs for investing in Bitcoin

What is a blockchain?

A blockchain is a digitized and decentralized public ledger of all cryptocurrency transactions.

Blockchains are constantly growing as completed blocks are recorded and added in chronological order. The mechanism by which digital currencies are mined, blockchain has become a popular investment space as the technology is increasingly being implemented in business processes across a variety of industries. These include banking, cybersecurity, networking, supply chain management, the Internet of Things, online music, healthcare and insurance.

Is Peter Todd Satoshi Nakamoto?

Canadian software developer Peter Todd has denied he is Satoshi Nakamoto, a claim made by the documentary ‘Money Electric: The Bitcoin Mystery,’ which aired on October 8, based on circumstantial evidence such as posts on an early Bitcoin forum and correspondence between Todd and Hal Finney, who received the first Bitcoin from Satoshi.

Aired on HBO, the film by Cullen Hoback features interviews with people involved in Bitcoin’s creation and suggests that Todd could be the elusive Satoshi Nakamoto who wrote the 2008 white paper that led to Bitcoin’s launch. Reddit posts dating back to 2015 have also suggested that Todd could be Satoshi.

Todd has continuously denied the claim, most recently to multiple media outlets, including CoinDesk and Bloomberg.

How to buy Bitcoin?

Bitcoin can be purchased through a variety of crypto exchange platforms and peer-to-peer crypto trading apps, and then held in a digital wallet. These include Coinbase Global, CoinSmart Financial (OTC Pink:CONMF,NEO:SMRT), BlockFi, Binance and Gemini.

What is the Bitcoin halving?

Unlike traditional currencies that can increase circulation through printing, the number of Bitcoins is finite. This limit is a core function of Bitcoin’s algorithm and was designed to offset inflation by maintaining scarcity. There are 21 million in existence, of which 19,787,175 are in circulation as of August 8. This means there are 1,212,825 still unmined.

A new Bitcoin is created when a Bitcoin miner uses highly specialized software to complete a block of transaction verifications on the Bitcoin blockchain. Roughly 900 Bitcoins are currently mined per day; however, after 210,000 blocks are completed, a Bitcoin protocol called a halving automatically reduces the number of new coins issued by half. Halving not only counteracts inflation but also supports the cryptocurrency’s value by ensuring that its price will increase if demand remains the same.

Halvings have occurred every four years since 2012, with the most recent happening on April 19, 2024. The next halving is expected to occur in 2028.

Bitcoin’s halving has significant implications for the cryptocurrency’s mining activity and supply because of how Bitcoin mining works. Currently, miners are paid 3.125 Bitcoin for every block they complete. After the next halving, the pay rate will lower to 1.5625 Bitcoin for every completed block for the next four years.

What is Coinbase?

Coinbase Global is a secure online cryptocurrency exchange that makes it easy for investors to buy, sell, transfer and store cryptocurrencies such as Bitcoin.

How does crypto affect the banking industry?

Cryptocurrencies are an alternative to traditional banking, and tend to attract people interested in assets that are outside mainstream systems. According to data from Statista, 53 percent of crypto owners are between the ages of 18 and 34, showing that the industry is drawing younger generations who may be interested in decentralized digital options.

Privacy is a key draw for cryptocurrency owners, as is the fact that they are separated from third parties such as central banks. Additionally, crypto transactions, including purchases, sales and transfers, are often quick and have fewer associated fees than transactions going through the banking system in the typical manner.

That said, banks are starting to notice how popular cryptocurrencies are. As Bitcoin and its compatriots become increasingly mainstream, many banks have begun to invest in cryptocurrencies and blockchain companies themselves.

Is Bitcoin a good investment anymore?

While Bitcoin has reached new heights in 2024, one of its well-known features is its volatility. Investors who are more accepting of risk could look to the cryptocurrency space as there historically has been money to be made, and Bitcoin is regaining value after plummeting in 2022. However, there is also historically money to be lost, and investors who prefer to take smaller risks should look towards other avenues.

For more information on investing in Bitcoin right now, check out our article Is Now a Good Time to Buy Bitcoin?

Who has the most invested in Bitcoin?

Satoshi Nakomoto, the mysterious founder of Bitcoin, is believed to also be the biggest holder of the coin. Analysis into early Bitcoin wallets has revealed that Nakamoto likely owns over 1 million of the nearly 19.5 million Bitcoins in existence.

Does Elon Musk own Bitcoin?

Tesla and Twitter CEO Elon Musk’s association with both Bitcoin and the meme coin Dogecoin is well known, and both his tweets and Tesla’s actions have influenced the cryptocurrencies’ trajectories over the years.

While it is unknown just how much he owns, Musk has disclosed that he personally has holdings of Bitcoin and Dogecoin, as well as Ether. It was revealed in September 2023 that Musk may be funding Dogecoin on the quiet, according to Forbes.

As for Tesla, the company purchased US$1.5 billion of Bitcoin in 2021, but sold 75 percent of that the next year. As of February 2024, the EV maker’s Bitcoin holdings were estimated at 9,720 Bitcoin, the third-largest bitcoin holdings for a publicly traded company. In a January 2024 post on his social media platform X, Musk said “I still own a bunch of Dogecoin, and SpaceX owns a bunch of Bitcoin.’

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

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Overview

Falco Resources (TSXV:FPC) is a Canadian company focused on developing gold and base metal projects in the Rouyn-Noranda region of Quebec. Rouyn-Noranda is an established mining camp with a long history of exploration and development. The Noranda mining camp has historically produced 19 million ounces (Moz) of gold and 2.9 billion pounds (Blbs) of copper, and yet it is still under-explored for gold.

Falcon’s principal property, Horne 5 project, holds 67,000 acres or nearly 67 percent of the total area of the entire mining camp and is located under the former Horne mine which produced 11.6 Moz of gold and 2.5 Blbs of copper. The 2021 feasibility study on the Horne 5 project suggests strong project economics with a total mine life of 15 years, after-tax NPV at 5 percent of US$761 million, and a payback period of 4.8 years, assuming gold prices at $1,600/oz. At the current gold prices of over $2,300/oz, the project economics will be even better.

Recent news flow including the operating lease and indemnity agreement (OLIA) with Glencore (LON:GLEN) and the Horne 5 project’s environmental impact assessment (EIA) admissibility are significant milestones in the advancement of the project towards construction. Falco is now aiming to proceed with the next steps related to obtaining government permits and financing for its Horne 5 project.

Falco Resources operating license and indemnity agreement (OLIA) with Glencore Canada will enable Falco to utilize a portion of Glencore’s lands. The agreement entails establishing a technical committee comprising two representatives from Glencore and two from Falco, tasked with safeguarding the uninterrupted operations of Glencore’s Horne copper smelter. Additionally, a parallel strategic committee will be formed. Glencore will nominate one representative to join Falco’s board of directors.

The successful completion of the OLIA, coupled with life-of-mine copper-zinc concentrate offtake agreements with Glencore, positions Falco to advance its Horne 5 project towards construction. The company is advancing with the permitting and financing processes for the project.

Company Highlights

Falco Resources is a Canadian explorer of base and precious metals focused on developing its mineral properties in the Rouyn-Noranda region in Quebec, Canada.The company holds 67,000 acres of mining claims in the Rouyn-Noranda mining camp, accounting for nearly 67 percent of the entire mining camp.Rouyn-Noranda has a long history of mining and exploration. The area has established infrastructure and has been host to 50 former producers, including 20 base metal mines and 30 gold mines. Falco’s principal asset is the Horne 5 project which is a gold project with significant base metal by-products. It is located under the former Horne Mine which produced 11.6 Moz of gold and 2.5 billion pounds of copper.The Horne 5 is a world-class deposit containing 7.6 Moz gold equivalent in measured and indicated resources and 1.7 Moz gold equivalent in inferred resources.The Horne 5 project represents a robust, high-margin, 15-year underground mining project with attractive economics. The 2021 feasibility study indicates after-tax NPV at 5 percent of US$761 million and after-tax IRR of 18.9 percent.The operating lease and indemnity agreement (OLIA) with Glencore coupled with EIA admissibility receipt from the government body positions Falco to advance its Horne 5 project towards construction.

Key Project

Horne 5 Project

The Horne 5 project is a world-class deposit located beneath the former Horne mine in the Rouyn -Noranda mining camp. Horne mine was operated by Noranda from 1926 to 1976 and produced 11.6 Moz of gold and 2.5 Blbs of copper. The Rouyn-Noranda mining camp has a rich exploration history having produced 19 Moz of gold and 2.9 Blbs of copper. The camp has hosted 50 producers including 20 base metal mines and 30 gold mines.

The Horne 5 is a world-class deposit containing 6.1 Moz gold equivalent in proven and probable reserves, 7.6 Moz gold equivalent in measured and indicated resources, and 1.7 Moz gold equivalent in inferred resources. The project boasts strong partners including Osisko Development, Osisko Gold Royalties, Glencore, and the Quebec Government. Osisko Development is a major shareholder in Falco Resources with a 17.3 percent stake, and the Quebec Government holds close to 8 percent stake in Falco.

Aside from gold, Horne 5 has significant base metal by-products. As per the feasibility study, precious metals (gold + silver) account for 75.6 percent of the mining revenue, while base metals (copper and zinc), account for 24.3 percent of the total mine revenue.

The 2021 updated feasibility study on the Horne 5 project indicates robust project economics. The feasibility study shows the project would generate an after-tax NPV at 5 percent of US$761 million and an after-tax IRR of 18.9 percent over the 15-year mine life. The production profile would average annual production of 220,300 oz gold over the life of the mine. Further, the study suggests significant copper and zinc by-product credits from the copper and zinc production, as well as the highly automated modern operations resulting in a low projected all-in sustaining cost (AISC) of $587/oz. Horne 5’s AISC is among the first quartile of global low-cost operations.

Recent news flows including the OLIA with Glencore and the Horne 5 project’s EIA admissibility are significant milestones in the advancement of the project towards construction.

Falco Resources’ OLIA with Glencore Canada enables Falco to utilize a portion of Glencore’s lands. The agreement entails establishing a technical committee comprising two representatives from Glencore and two from Falco, tasked with safeguarding the uninterrupted operations of Glencore’s Horne copper smelter. Additionally, a parallel strategic committee will be formed. Glencore will nominate one representative to join Falco’s board of directors.

The successful completion of OLIA coupled with life-of-mine copper-zinc concentrate offtake agreements with Glencore positions Falco to advance its Horne 5 project towards construction. Further, the receipt of confirmation of the admissibility of its EIA for the Horne 5 project from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks is a significant milestone. It provides a path forward for the advancement of the project.

The company is now advancing with the permitting and financing processes for the project. The construction of the Horne 5 mine could begin by February 2025.

Management Team

Luc Lessard – President, Chief Executive Officer and Director

Luc Lessard brings over 30 years of experience in the design, construction, and operation of mines. Before joining Falco, he held senior executive positions at Osisko Gold Royalties, Canadian Malartic GP (a joint venture of Agnico Eagle Mines and Yamana Gold), and Osisko Mining Corporation. At Osisko Mining Corporation, he oversaw the design, construction, and commissioning of the Canadian Malartic gold mine. Lessard has been involved in numerous surface and underground mining projects throughout his career. Lessard holds a bachelor’s degree in mining engineering from Laval University.

Anthony Glavac – Chief Financial Officer

Anthony Glavac has 20 years of experience in financial reporting, including over 14 years in the mining industry. Before joining Falco, he served as the director of financial reporting and internal controls at Dynacor Gold Mines and as the interim chief financial officer at Alderon Iron Ore. Glavac was previously the senior manager at KPMG, where he worked with a diverse portfolio of public and private companies, offering services such as audit, taxation, strategic advisory, and assistance with public offerings. Glavac is also engaged with other public companies within the mining sector.

Helene Cartier – Vice-president Environment, Sustainable Development and Community Relations

Helene Cartier possesses over 20 years of expertise in the environmental field. She began her mining career as part of the Cambior team before transitioning to the role of vice-president of environmental services and sustainable development at Osisko Mining Corporation. There, she played a pivotal role in the development and commissioning phases of the Canadian Malartic gold mine. She has served on the board of directors of several public and private companies.

Mireille Tremblay – Vice-president Legal Affairs and Corporate Secretary

Mireille Tremblay possesses more than 25 years of experience in business law, primarily in securities, mergers and acquisitions, corporate finance, and governance. Before joining Falco in January 2021 as the director of legal affairs, Tremblay served as a legal advisor to clients across diverse industries, including the mining sector. She advocated for companies and investors involved in mining transactions in Africa, notably during the construction of a gold mine in Burkina Faso and in negotiations with the Ivorian government. Additionally, she has represented numerous companies, underwriters, and investors in various contexts, including public offerings and private placement financings, both domestically and internationally. Tremblay holds a law degree from the University of Montreal.

Mario Caron – Independent Chair

Mario Caron possesses extensive expertise in the mining sector, accumulating over four decades of experience in senior executive and board roles. He has garnered this wealth of knowledge through engagements in underground and open pit operations, both domestically and abroad. Caron has served as CEO of public companies and has experience securing mining licenses and various permits in numerous jurisdictions. Caron earned his Bachelor of Engineering in mining, at McGill University.

Alexander Dann – Non-independent Director

Alexander Dann, a chartered professional accountant, has served with multinational public enterprises on financial operations and strategic planning. He brings more than 25 years of experience within the mining and manufacturing domains. He was chief financial officer of The Flowr Corporation, where he led the company towards its public listing on the TSXV. He also served as the CFO of Avion Gold and Era Resources, contributing significantly until their acquisitions by Endeavour Mining and The Sentient Group, respectively. He holds a bachelor’s degree in business administration from L’Universite Laval in Quebec City.

Claude Dufresne – Independent Director

Claude Dufresne has over three decades of experience in the mining industry. He has served in leadership roles at companies such as Niobay Metals and IAMGOLD. He was the founder of a metals company, Camet Metallurgy, which specialized in the sale and marketing of various metals. He obtained a diploma in mining engineering with a specialty in mineral processing from Universite Laval in 1991.

Paola Farnesi – Independent Director

Paola Farnesi has over 30 years of experience in corporate finance, financial reporting, M&A, and risk management. She is currently vice-president and treasurer of Domtar Corporation. Before this, she held various senior executive positions at Domtar including vice-president, internal audit. Before joining Domtar, Farnesi worked at Ernst & Young. She holds a Bachelor of Commerce and a Graduate degree in Public Accountancy from McGill University. She is a member of the Chartered Professional Accountants of Quebec and has earned the ICD.D designation from the Institute of Corporate Directors.

Chantal Sorel – Independent Director

Chantal Sorel is a corporate director with over 30 years’ experience in general management with full profit & loss responsibility, project financing, project management, operations, strategic development, business development, mergers and acquisitions. She was executive vice-president and managing director at Capital at SNC-Lavalin from 2014 to 2019, where she over saw multibillion dollar projects. Since April 2020, Sorel has served as an advisor to the Montréal Aeroport for the development and delivery of the city’s projects’ portfolio valued at $2.5 billion. Sorel has a degree in architecture from Université de Montréal and a master’s degree in project management from Université du Québec à Montréal.

This article was written in collaboration with Couloir Capital.

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Bitcoin Well Infinite Launches OTC Service In Multiple Countries Through A Strategic Partnership

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(TheNewswire)

New partnership enables Bitcoin Well Infinite to offer White Glove OTC Services to individuals for transactions of $50,000 and higher.

Edmonton, Alberta October 29, 2024 TheNewswire Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, has entered into a partnership which allows Bitcoin Well to service its customers with large bitcoin transactions through its OTC desk, Bitcoin Well Infinite, in multiple countries.

Bitcoin Well Infinite offers a premium, white-glove service to customers who want to make large bitcoin transactions with an emphasis on self custody. This business unit is capable of serving customers in multiple countries such as Canada (which has been operating since 2021), most states in the United States of America, most countries in the EU and some South American countries. The key advancement for Bitcoin Well is a partnership that accepts international USD wires, sources liquidity for those regions and handles compliance responsibilities. Bitcoin Well is solely responsible for customer engagement and relationship building.

Customers interested in using Bitcoin Well Infinite will benefit from an Executive Bitcoin Advisor walking them through the process of buying large quantities of bitcoin and storing it safely in self custody. Reach out to the Bitcoin Well Infinite team at otc@bitcoinwell.com or visit bitcoinwell.com/infinite .

‘I am very excited to introduce more of the world to Bitcoin Well’ said Adam O’Brien, founder and CEO of the Company. ‘We have seen our Infinite customers in Canada value our strong bitcoin knowledge and emphasis on self custody. I believe the rest of the world will appreciate what we have to offer.’

BTC Sessions and Simply Bitcoin Share Issuances

Further to the press release dated April 2, 2024, the Company has issued 541,000 common shares of the Company (the ‘Shares’) at a deemed price of C$0.12 per share to Ben Perrin, AKA BTC Sessions, in exchange for USD$48,000 of services provided under the sponsorship agreement, previously announced on April 2, 2024. The services were provided by Ben Perrin to Bitcoin Well from April 1, 2024, to June 30, 2024.

Further to the press release dated February 29, 2024, the Company has issued 1,428,459 Shares at a deemed price of C$0.085 per share to Simply Bitcoin in exchange for USD$90,000 of services provided under the sponsorship agreement, previously announced on February 29, 2024. The services were provided by Simply Bitcoin to Bitcoin Well from March 1, 2024, to August 31, 2024.

The above share issuances remain subject to final approval of the TSX Venture Exchange and will be subject to a statutory hold period of four months plus a day.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr , , and to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:

Adam O’Brien

Tel: 1 888 711 3866

ir@bitcoinwell.com

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

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy, outlook and the benefits and effects of utilizing an executive bitcoin advisor. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

Copyright (c) 2024 TheNewswire – All rights reserved.

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Noble Completes Phase 1 Drilling on Boulder Project near Hearst, Ontario:

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(TheNewswire)

Provides Update on Timmins and Wawa Area, Gold Projects

Toronto, Ontario TheNewswire – October 29, 2024 Noble Mineral Exploration Inc. ( ‘Noble’ or the ‘Company’ ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that Phase 1 drilling on the 214 claims in Way Township (Boulder Project) has been completed. The claims extend from about 4 to 15 km southwest of the town of Hearst, Ontario. The property area is equivalent to approximately 4,500 hectares or 45 sq km.  The purpose of the Phase 1 drill program was to identify the nature of the till and bedrock geology in the vicinity of the mineralized boulder discovery.  This was necessary since about 90% of the property is glacial till covered.

Historically, a sample of a metalliferous boulder, brought to the Timmins Mining District Regional Resident Geologist in 2019 by a Mr. A. Cousineau, was submitted for chemical analysis to Geolabs in Sudbury to establish its metal and mineralogical makeup. Geolabs determined that the boulder contained: 71.8% copper; 3.5% lead, 1.09% zinc; 252 g/t of silver, 3.79 g/t of gold; 4.43 g/t of palladium; and 2.22 g/t of platinum and consisted primarily of cuprite (van Hees et al., 2020).

In 2021, Noble launched a surface exploration program to in an effort to identify the source of the boulder.  Basal till samples collected from two fences of hand auger holes, located about 100 m and 1 km north of the boulder, produced 35 gold grains .  In 2022 an airborne geophysical survey was flown over the property followed by a ground geophysical survey in November/December 2023.

The Phase 1 drill holes were focussed in the vicinity of the boulder location in order to better understand the physical and fault related geology as defined by geophysics done in the Fall of 2023.  The data collected in the Phase 1 drill program is in the process of being evaluated.

Induced Polarization (IP) surveys conducted in 2024 identified several anomalies, located immediately north and northwest of the copper boulder discovery site.  These IP and nearby magnetic anomalies coincide with the location overburden drill holes that produced gold grains in the overlying till.

Phase 2 drilling will be focussed on these various chargeability and conductive anomalies detected during the recent ground and airborne surveys and will likely start in 2025.

The 2024 drill program was partially funded by OJEP (the Ontario Junior Exploration Program) sponsored by the Ontario Government whereby 50% of the approved exploration expenses for the project will be refunded back to Noble.

Figure 1: Photo of the Cousineau Boulder

References:

van Hees, E.H., P. Bousquet, J. Suma-Momoh, C.M. Daniels, S.L.K. Hinz, C. Boucher, P. Sword, L. Wang, S.P. Fudge, A. Millette and C. Patterson, 2020. Report of Activities 2019, Resident Geologist Program, Timmins Regional Resident Geologist Report: Timmins and Sault Ste. Marie Districts; Ontario Geological Survey, Open File Report 6366, 160p.

The Lucas Township Gold Project

The Lucas Township Gold Project is a drill-ready project located approximately 30 km north of Timmins, Ontario.

In 2018 Noble completed 15 NQ size diamond drill holes totaling 3,184 meters covering approximately 650m strike length of the 1700m Gold Mineralized structure/trend identified from 2012 and 2018 Airborne Electromagnetic and Differential Magnetic Surveys.  Noble located 37 historical drill-hole collars in the field and twinned three of these historical drill holes.  No further work has been done since 2018.

The Project has 6 discrete IP anomalous trends which require follow-up exploration. Only one trend (Anomaly A, Figure 2, Table 1) has been investigated by diamond drilling to date.  Gold mineralization is interpreted to be structurally controlled and occur as discrete lenses stacked within the pyrite plus gold mineralized tuffaceous unit.

Future work will include further drilling on the IP Anomaly A to further define the known gold mineralization.  In addition, testing the other 5, undrilled, IP anomalies to test for gold mineralization similar to that found in Anomaly A.


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Figure 2: Plan of Induced Polarization Zones Projected to Surface with Collars of 2018 Drilling and Magnetic Background

Table 1: Gold Intersections from Noble’s 2018 Drill Program (True width not known at this time)


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Holdsworth Gold Project

The Wawa-Holdsworth Project is located 3 km north of the town of Hawk Junction and 20 km northeast of the town of Wawa in Corbiere and Esquega Townships, Ontario and comprises 18 contiguous fee simple absolute patented claims covering approximately 285 hectares. The property has year-long road access as well as easy access to other infrastructure including rail, road, electrical power, labour force and suppliers.

Historic work has defined three gold targets on the Wawa Holdsworth Project (Figure 3 ) :

1) the Soocana Quartz Vein System

2) massive Pyrite Zones with an oxidized cap

3) black granular oxide zone referred to as the ‘Oxide Sands’

The Soocana Vein System was tested during 4 separate drill programs conducted between 1931 and 2008. Results from these drill programs indicated a strike length of 750 metres for the vein system.

Selected channel sampling results across a 51-meter strike length of this vein averaged 14.7 g/t Au in widths ranging from 0.5 to 1.5 meters.  The latest drilling was done by Noble Minerals in 2008 (Table 2)


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Figure 3: Gold Zones on the Holdsworth Property

Table 2: Noble Minerals 2008 Drill Program on the Soocana Vein System (True width not known at this time)


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The massive Pyrite Zones appear to be formed in a sulphide iron formation and represents a distinct gold target. The sulphides exhibit shearing and form steeply 5 dipping east-west trending lenses distributed along a mafic/felsic metavolcanic contact over a defined strike length of 2.2 km. Initial drilling between 1918 and 1930 focussed on the sulphur content of the Pyrite Zones whereas the exploration programs of the 1980s recognized a gold association. Seven drill holes in Pyrite Zones contained assays that varied from nil to relatively wide sections gold bearing material, the best being 0.85 g/t over 11.83 metres in a 1988 drill hole (Reed Lake Exploration Ltd.). Another gold intersection of 5.18 g/t gold over 1.5 metre was also obtained in a sericite-altered shear zone in the hanging wall of this zone.

The Oxide Sands are believed to be the product of the weathering of the gold bearing massive pyrite zones described above.  Detailed exploration work and systematic sampling of the Oxide Sands was undertaken by Noble Minerals over a strike length of 332.5 metres. At this location, where samples reached a depth of at least 8 meters, the average gold grade was 3.45 g/t and the average silver grade was 29.99 g/t. Other identified zones in the Oxide Sands remain to be tested in detail since they were not geologically defined or sampled. The spatial association between the Oxide Sands and the Pyrite Zones indicate that the 2.2 km-long strike-length is prospective for gold. Preliminary gold recovery tests carried out by Welch and SGS Lakefield on Oxide Sands material indicated gold recoveries ranging from 69% to 98.7 % for composite samples and from 45.6% to 89.8% for individual samples after a 48-hour agitated cyanide leach without sample crushing.

A model is currently being studied in order to efficiently extract the gold and silver from the Oxide Sands.

Dargavel Gold Project

The Dargavel Property is accessed from Timmins by travelling approximately 60 km north on
Highway 655 and then using a maintained unmarked logging road. The project is located
within 250 to 700 m of a logging road.

First recorded exploration in the area, began with the International Nickel Company drilling 14 holes from 1964 to 1966, including hole 25013 which intercepted 3.06 g/t Au over 1.43 m at 65.62 meters depth. (see Table 3 and Figure 4)

From 1981 to 1982, Hudbay Mining Limited flew airborne EM surveys, following up on a few
anomalies with drilling. Hudbay drill tested these anomalies with 3 drill holes in the Dargavel
area (K-81-1, K-81-3, and K-81-4). A NW-SE trending long linear conductive feature was
attributed to an iron formation unit and drill tested, intercepting some pyrrhotite and pyrite
mineralization. Another drill hole testing a conductor intersected 0.96% Zn over 1.70 m.

Chevron Canada Resources Limited flew airborne EM surveys and performed IP surveys from 1984 to 1985. Chevron also conducted a drill program during this period with the K-84 and K-85 series drill holes.  Hole K84-3 intercepted 7.1 g/t Au over 2.0 m at 72.0 m depth and 3.8 g/t Au over 2.1 m at 319.0 m depth; hole K85-9 intercepted 1.2 g/t Au over 1.0 m at 129.0 m depth. (see Table 3 and Figure 4)

Table 3: Historical Drilling Results on the Dargavel Property (True width not known at this time)


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Figure 4: Location of Historical Drilling

In 2011, Noble Mineral Exploration acquired the P81 Property from Abitibi Bowater Canada Inc. Noble performed regional helicopter airborne EM and magnetic surveys over various areas of the property in November 2011.

In 2020 Noble completed a 6-hole diamond drill program totaling 1390.5 m on the Dargavel
Property. The goal of the drill program was to follow up on historical anomalous gold values in
drill holes completed by INCO in their 1964 to 1966 drill campaigns and Chevron in their 1984
to 1985 drill campaigns. In addition to test new prospective areas based on the latest geological
and geophysical interpretation. (see Figure 5 and Table 4)


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Figure 5: Results of Noble 2020 Drill Program (True width not known at this time)

Table 4: Results of Noble 2020 Drill Program (True width not known at this time)


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In early 2022 Noble contracted NPLH Drilling to complete a 5-hole (and 1 abandoned hole) diamond drill program totaling 1253 m on the Dargavel Property.  All samples collected from the drill core were submitted to Activation Laboratories Ltd Timmins (Actlabs) for analysis.  A total of 291 samples were taken including 10 Standards and 6 Blanks.


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Figure 6: Location of Noble 2022 Drill Holes

Table 5: Results from Noble 2022 Drill Program


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The Lucas Township Gold Property, Holdsworth Gold Property and the Dargavel Gold Property are available for joint venture or option.  For information contact Vance White (contact information at the end of this press release.

Wayne Holmstead P.Geo (ON), a ‘qualified person’ as defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Homeland Nickel Inc., Go Metals Corp. and Lode Gold Resources Inc . , and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional 20% interest in ~11,000 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland.  Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.  It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, and ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, all of which are in the province of Quebec.  More detailed information is available on the website at:

www.noblemineralexploration.com   .

Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB’.

Cautionary Statement:

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.  Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations: ir@noblemineralexploration.com   

Copyright (c) 2024 TheNewswire – All rights reserved.

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FPX Nickel Expands Land Packages at the Decar Nickel District and Klow Project in Central British Columbia

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 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘ FPX Nickel ‘ or the ‘ Company ‘) is pleased to announce an expansion that almost doubles the mineral claims package at the Baptiste Nickel Project (‘ Baptiste ‘ or the ‘ Project ‘), located within the Company’s wholly-owned Decar Nickel District (‘ Decar ‘).  The total area of the Decar claims package is now approximately 451 km 2 providing several benefits to the development of Baptiste, including geological potential, project development flexibility, and simplification of the regional engagement landscape.

Decar Nickel District Expansion

The Company has expanded the Decar claims from 245 km 2 to approximately 451 km 2 , through a combination of staking and acquisition of claims from a previous operator.

FPX has staked approximately 188 km 2 of new ground adjacent to Decar, on the northern, western, and southeastern boundaries.  In addition, the Company has acquired from a previous operator a 100% interest in 18 km 2 of claims adjacent to the southern boundary of Decar, for cash consideration of $185,000 (the ‘ Transaction ‘).  These new claims collectively provide FPX with additional project development flexibility and the opportunity to manage the areas surrounding the Baptiste Nickel Project in an environmentally responsible manner.

Klow Project Expansion

As part of the Transaction, the Company also acquired, for cash consideration of $50,000 , approximately 87 km 2 of claims adjacent to the southern boundary of FPX’s Klow project (‘ Klow ‘), which is located approximately 50 km north of Baptiste.  These newly acquired claims have strong geological potential for awaruite mineralization similar in style to the Baptiste deposit.  Rock sampling by a previous operator returned values of up to 0.087% Davis Tube Recoverable (‘ DTR ‘) nickel, and 69 of the 197 samples analyzed returned greater than 0.03% DTR Ni.

As disclosed in the Company’s April 3, 2023 news release, FPX Nickel and Japan Organization for Metals and Energy Security (‘ JOGMEC ‘) have previously entered into an earn-in agreement (the ‘ Klow Earn-In Agreement ‘) which provides JOGMEC the option to earn a beneficial interest in the Klow Project.

The key terms of the Klow Earn-in Agreement are as follows:

FPX grants to JOGMEC the option to earn a 60% beneficial interest in Klow by funding $1,000,000 in exploration expenditures by no later than March 31, 2026 Once JOGMEC has earned its 60% beneficial interest in Klow, the parties will thereafter fund exploration expenditures pro rata to their ownership interest If either party’s beneficial interest in Klow is diluted below 10%, that party’s beneficial interest will be converted into a 1.5% NSR royalty over Klow, with the other party retaining a right to buy-back 1.0% of the NSR royalty for $3,500,000

Keith Patterson, P.Geo., FPX’s Vice President, Generative Exploration, FPX’s Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About the Baptiste Nickel Project

The Company’s Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex.  The Baptiste mineral claims cover an area of 451 km 2 , west of Middle River and north of Trembleur Lake, in central British Columbia.  In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claim package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit.  Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste deposit is located within the territories, keyohs, and consultative boundaries of the Tl’azt’en Nation, Binche Whut’enne, Yekooche First Nation, and Takla Nation .

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same distinctive style of awaruite nickel-iron mineralization.  For more information, please view the Company’s website at https://fpxnickel.com/.

On behalf of FPX Nickel Corp.

‘Martin Turenne’
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

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

SOURCE FPX Nickel Corp.

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Argentina Lithium Announces Non-Brokered Private Placement Using The Listed Issuer Financing Exemption

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/NOT FOR DISTRIBUTION TO UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

TSX Venture Exchange (TSX-V): LIT  
Frankfurt Stock Exchange (FSE): OAY3  
OTCQX Venture Market: LILIF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) (‘Argentina Lithium’ or the ‘Company’) announces a non-brokered private placement for the sale of: (i) a minimum of 13,333,334 units of the Company (each, a ‘ Unit ‘) at a price of $0.15 per Unit (the ‘ Offering Price ‘) for aggregate gross proceeds of $2,000,000.10 ; and (ii) a maximum of 23,333,334 Units at the Offering Price for aggregate gross proceeds of $3,500,000.10 (the ‘ Offering ‘). Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

Each Unit will consist of one common share in the capital of the Company (each, a ‘ Common Share ‘) and one transferrable Common Share purchase warrant (each, a ‘ Warrant ‘). Each Warrant will entitle the holder thereof to purchase one additional Common Share (each, a ‘ Warrant Share ‘) at an exercise price of $0.20 per Warrant Share for a period of three (3) years following the issue date of the Unit.

‘While we received a substantial investment from Stellantis last October 2023 , those funds have been earmarked for our drilling and exploration activities on our projects in Argentina . A prepaid drilling services contract for up to 15,500 meters secured last October for just over $51 million ensures that all upcoming drill programs for the next couple of years are fully funded, ‘ stated Nikolaos Cacos , President and CEO. ‘ The current financing will ensure that our corporate activities will keep pace with our ongoing exploration programs. ‘

Please contact Shawn Perger at 1-604-687-1828 or Toll-Free: 1-800-901-0058
  Email: info@argentinalithium.com

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the Units will be offered for sale to purchasers resident in Canada other than Quebec and in certain offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the ‘ Listed Issuer Financing Exemption ‘). The Units may also be sold in certain other jurisdictions pursuant to applicable securities laws. The Common Shares issuable from the sale of Units sold under the Listed Issuer Financing Exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada , subject to any hold period imposed by the TSX Venture Exchange (the ‘ Exchange ‘) on the securities issued to certain purchasers. There is an offering document relating to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.argentinalithium.com . Prospective investors should read this offering document before making an investment decision.

Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including but not limited to, the approval of the Exchange. Directors, officers and employees of the Company may participate in a portion of the Offering and any securities issued to such directors and officers are subject to the Exchange’s four-month hold period. A commission may be paid to arm’s length finders on a portion of the Offering. The Company intends to use the proceeds of the Offering for exploration programs on the Company’s projects in Argentina and for general working capital.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘ 1933 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 1933 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.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The Company’s recent strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world’s leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 70,000 hectares in the Lithium Triangle of Argentina . Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world renowned ‘Lithium Triangle’. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’

_______________________________
Nikolaos Cacos , President, CEO and Director

www.argentinalithium.com

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

This news release contains certain statements and information that may be considered ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘targets’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘an opportunity exists’, ‘is positioned’, ‘estimates’, ‘intends’, ‘assumes’, ‘anticipates’ or ‘does not anticipate’ or ‘believes’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’, ‘will’ or ‘will be taken’, ‘occur’ or ‘be achieved’ and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including statements or information concerning the use of proceeds of the Offering; the Company’s expectations about when the Offering will close, if the Offering closes at all; the Company’s expectation that it will meet the requirements of the Exchange necessary to have the Common Shares listed; the size and other terms of the Offering and the expectation that all of the closing conditions will be met.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, assumptions about the proposed completion of the Offering; future prices of lithium; the price of other commodities; currency exchange rates and interest rates; favourable operating conditions; political stability; timely receipt of governmental approvals, licences and permits (and renewals thereof); access to necessary financing; stability of labour markets and market conditions in general; availability of equipment; the accuracy of mineral resource estimates and preliminary economic assessments; estimates of costs and expenditures to complete the Company’s programs and goals; and there being no significant disruptions affecting the development and operation of the project.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: the risk that the Offering will not complete on the timeline anticipated or at all; the risk that all necessary regulatory approvals will not be obtained, including the approval of the Exchange; the risk that the Company will not be able to utilize the proceeds of the Offering as anticipated; risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties; failure of equipment or processes to operate in accordance with specifications or expectations; cost escalations; unavailability of materials and equipment; government action or delays in the receipt of government approvals; industrial disturbances or other job action; unanticipated events related to health, safety and environmental matters; risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; ongoing war in Ukraine , rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with Canadian securities regulators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Argentina Lithium & Energy Corp.

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Presenting on the Emerging Growth Conference 76 Day 1 on October 30 Register Now

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EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 76 th Emerging Growth Conference on October 30 & 31, 2024.

The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

Register for the Conference here.

Submit Questions for any of the presenting companies to:
Questions@EmergingGrowth.com

For updates, follow us on Twitter

Sponsors:
QuoteMedia –   Keep Investors Informed with Dynamic Plug and Play IR Solutions
(844) 485-8200
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Day 1
October 30, 2024

8:45
Virtual Lobby opens.
Register for the Conference. If you already registered, go back to the registration link and click ‘Already registered’ and enter your email.

9:00
Introduction

9:05 – 9:35
Viomi Technology Co., Ltd. (NASDAQ: VIOT)
Keynote speakers: Claire Ji – IRD and Sam Yang, Head of Capital & Strategy

9:40 – 10:10
BioVaxys Technology Corp. (OTCQB: BVAXF) (CSE: BIOV)
Keynote speaker: James Passin, CEO

10:15 – 10:45
ASP Isotopes Inc. (NASDAQ: ASPI)
Keynote speaker: Paul Elliot Mann, CEO

10:50 – 11:20
Icon Energy Corp. (NASDAQ: ICON)
Keynote speakers: Ismini Evangelia Panagiotidi, CEO, Chairwoman & Dennis Psachos, CFO

11:25 – 11:55
Realbotix Corp. (OTCQB: XBOTF) (TSXV: XBOT)
Keynote speaker: Andrew Kiguel Co-Founder, CEO

12:00 – 12:30
RDE, Inc. (NASDAQ: GIFT)
Keynote speakers: Ketan Thakker, President & CEO, & Steve Handy – CFO

1:10 – 1:40
Energy Plug Technologies Corp. (OTCQB: PLGGF) (CSE: PLUG)
Keynote speakers: Broderick Gunning, CEO, Ramtin Rasoulinezhad, CTO, Chris Barnes, Chief of Staff

1:45 – 2:15
Sigyn Therapeutics, Inc. (OTCQB: SIGY)
Keynote speaker: James Allen Joyce, CEO

2:20 – 2:50
Regen BioPharma Inc. (OTC Pink: RGBP)
Keynote speakers: David Koos, President / CEO, and Harry M. Lander, Ph.D. Senior Scientific Consultant

2:55 – 3:05
Brenmiller Energy, Ltd. (NASDAQ: BNRG)
Keynote speaker: Nir Brenmiller, COO

3:10 – 3:20
Aethlon Medical, Inc. (NASDAQ: AEMD)
Keynote speakers: Jim Frakes – Acting CEO and CFO & Steven LaRosa – Chief Medical Officer

3:25 – 3:35
Diakonos Oncology, Inc.
Keynote speakers: Jay Hartenbach, COO, & Anthony Baldor, CFO & Head of Business Development

3:40 – 3:50
Element79 Gold Corp. (CSE: ELEM) (OTC PINK: ELMGF)
Keynote speaker: James Tworek, CEO

3:55 – 4:05
Stillwater Critical Minerals (OTCQB: PGEZF) (TSXV: PGE)
Keynote speaker: Michael Rowley, President & CEO

4:10 – 4:20
Vivani Medical, Inc. (NASDAQ: VANI)
Keynote speaker: Adam Mendelsohn PHD, CEO

4:25 – 4:35
BlueRush, Inc. (OTCQB: BTVRF) (TSXV: BTV)
Keynote speaker: Steve Taylor, CEO

4:40 – 4:50
Immuron Limited (NASDAQ: IMRN)
Keynote speaker: Steve Lydeamore, CEO

Day 2
October 31, 2024

11:00
Virtual Lobby opens.
Register for the Conference. If you already registered, go back to the registration link and click ‘Already registered’ and enter your email.

11:20
Introduction

11:25 – 11:55
Monumental Energy Corp. (OTCQB: MNMRF) (TSXV: MNRG)
Keynote speakers: Maximilian Sali – VP Corporate Development  Founder & Director

12:00 – 12:30
Vox Royalty Corp. (NASDAQ: VOXR) (TSX: VOXR)
Keynote speakers: Kyle Floyd, Chairman & CEO & Chief Investment Officer

12:35 – 1:05
Stuhini Explorations, Ltd. (OTCQB: STXPF) (TSXV: STU)
Keynote speaker: David O’Brien, President & CEO

1:10 – 1:40
Bioxytran, Inc. (OTCQB: BIXT)
Keynote speakers: Mike Sheikh, Executive Vice President Business Development

2:25 – 2:35
Citizens, Inc. (NYSE: CIA)
Keynote speakers: Jon Stenberg, President & CEO, and Jeff Conklin, CFO

2:40 – 2:50
Gossamer Bio, Inc. (NASDAQ: GOSS)
Keynote speaker: Bryan Giraudo, CFO & COO

2:55 – 3:05
Interstellar Communication Holdings
Keynote speakers: Seda Hewitt, Space Ambassador of IcMercury Harri Laitinen, Lifeguard  of IcMercury, and Lijie Zhu, Capitan of icMercury

3:10 – 3:20
Sono Group N.V. (OTCQB: SEVCF)
Keynote speaker: George O’Leary, Managing Director, CEO and CFO

3:25 – 3:35
Cyios Corp. (OTC Pink: CYIO)
Keynote speaker: John O’Shea, Chairman

3:40 – 3:50
NurExone Biologic Inc. (OTCQB: NRXBF) (TSXV: NRX)
Keynote speaker: Dr. Lior Shaltiel, CEO

3:55 – 4:05
Evanesce
Keynote speaker: Douglas Horne, Founder & CEO

4:10 – 4:20
LeddarTech Holdings, Inc. (NASDAQ: LDTC)
Keynote speakers: Frantz Saintellemy – CEO & Chris Stewart, CFO

4:25 – 4:35
NCS Multistage Holdings, Inc. (NASDAQ: NCSM)
Keynote speaker: Ryan Hummer, CEO & Director

4:40 – 4:50
EUDA Health Holdings Limited, (NASDAQ: EUDA)
Keynote speaker: Kelvin Chen, CEO

Visit the following link to register. You will then receive an email containing the link and time to sign into the conference.

Register for the Conference here.

Submit Questions for any of the presenting companies to:
Questions@EmergingGrowth.com

Replays: Subscribe to our YouTube Channel

About EmergingGrowth.com

Founded in 2009, Emerging Growth.com quickly became a leader in its space and has developed an extensive history of identifying emerging growth companies that can be overlooked by the investment community.

About the Emerging Growth Conference

The Emerging Growth Conference is an effective way for public companies to engage with the investment community regarding their Company, new products, services and other major announcements from anywhere, in an effective and time efficient manner.

All sessions are conducted through video webcasts. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients.  Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future.  In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any virtual handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

If you believe or know of a company that might fit our audience, contact us here.

Thank you for your interest in our conference, and we look forward to your participation in future conferences.

Contact:

Emerging Growth
Phone: 1-305-330-1985
Email: Conference@EmergingGrowth.com

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Group Eleven Announces Exercise of Warrants and Expanded Drill Program at Ballywire

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Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce that it has received $749,438 from recent warrant exercises and that it has expanded the ongoing drill program at the Company’s 100%-owned Ballywire zinc-lead-silver discovery (‘Ballywire’) on the PG West Project (‘PG West’), Republic of Ireland. All currency in this news release is denominated in Canadian dollars.

Since its announcement on August 28, 2024 stating that Group Eleven received $800,562 from the early exercise of 6,671,349 warrants (originally issued as part of a private placement which closed on July 30, 2020) each with an exercise price of $0.12 and expiring October 28, 2024 (the ‘Warrants’), the Company reports that it has since received a further $749,438 from the exercise of all remaining 6,245,318 Warrants. In total, the Company received proceeds of $1,550,000 from the exercise of 12,916,667 Warrants in 2024.

Additional funds from the warrant exercises will allow the current two-rig drill campaign at Ballywire to continue at full capacity well beyond the end of 2024. Drilling this year at Ballywire currently totals 6,589m (including 5,320m reported to date and five holes pending assay results), with the expected total for the year to range between 7,500m and 8,000m. The Company will aim to keep the pace of drilling at Ballywire at similar or increased levels in 2025.

‘We sincerely thank our shareholders for their continued support’ stated CEO, Bart Jaworski. ‘We are very pleased to be able to keep drilling at Ballywire through the end of this year and comfortably into 2025. It’s been over two years since our discovery hole at Ballywire and the footprint and intensity of the mineralized system intersected to date continues go from strength to strength. With the recently announced robust massive sulphide zone emerging in the northeast, a lot more step-out drilling is yet to be done beyond our current 2.6km drilled corridor, along our 6km prospective trend. Drill progress at Ballywire continues to be on schedule and we look forward to providing the next drill results in the near term.’

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) and (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. Key intercepts to date include:

10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03) 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and6.1m of 11.4% Zn+Pb, 85 g/t Ag (G11-3552-13)11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)

The Company’s two largest shareholders are Glencore Canada Corp. (17.6% interest) and Michael Gentile (17.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

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.

Cautionary Note Regarding Forward-Looking Information

Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. The words ‘will’, ‘expect’, ‘plan,’ ‘intend’ and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to the use of funds from the warrant exercises, the drill campaigns at Ballywire and Carrickittle West and the extent of drilling at Ballywire in 2024.

Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risk that the Company will not be able to use proceeds from the warrant exercises as currently anticipated, risks related to general economic and market conditions; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; and changes in national and local government regulation of mining operations, tax rules and regulations.

Although Group Eleven has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Group Eleven undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228148

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