Insider Legacy Secret
Category

Investing

Category
In Investing

Silver47 Commences Trading on OTC Markets Under the Ticker Symbol OTCQB: AAGAF

No Comments

Silver47 Exploration Corp. (TSXV: AGA) (‘Silver47’ or the ‘Company’) is pleased to announce that, effective March 10, 2025, its shares will commence trading on the OTCQB Venture Market under the ticker symbol AAGAF. This milestone marks a key step in the Company’s growth strategy and enhances its visibility to U.S. investors.

The quotation on the OTCQB® is a significant development for Silver47, as it broadens the Company’s investor base and increases access to the U.S. market. With a focus on precious and base metals exploration, at its flagship Red Mountain Project in Alaska, the quotation will facilitate Silver47’s continued growth and further support its upcoming exploration and development activities.

Gary R. Thompson, CEO of Silver47, commented, ‘Trading on the OTCQB® offers greater access for U.S.-based investors, making it easier for them to participate in the growth of Silver47. This listing is an important milestone as we strengthen our presence in the U.S. market, attract new capital, and continue advancing our project in Alaska.‘

The quotation on the OTCQB will provide U.S. investors with easier access to the Company’s shares, real-time trading information, and up-to-date financial disclosures. This move aligns with Silver47’s long-term strategy to expand its market presence and attract investment capital from the U.S. to support its exploration initiatives.

About Silver47 Exploration Corp.

Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US: the Flagship Red Mountain silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project in southcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in southern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX Project in Yukon Territory. Silver47 Exploration Corp. shares trade on the TSX-V under the ticker symbol AGA. For more information about Silver47, please visit our website at www.silver47.ca.

Follow us on social media for the latest updates:

    On Behalf of the Board of Directors

    Mr. Gary R. Thompson
    Director and CEO
    gthompson@silver47.ca

    For investor relations
    Meredith Eades
    info@silver47.ca
    778.835.2547

    No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    FORWARD-LOOKING STATEMENTS

    This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: expected benefits from the OTC quotation and first trading date. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

    No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243882

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com
    by
    Read More
    In Investing

    Ramp Metals Announces Receipt of Exploration Drill Permits

    No Comments

    Ramp Metals Inc. (TSXV: RAMP) (‘Ramp Metals’ or the ‘Company’) is pleased to announce that the Company has received the necessary permits from the Saskatchewan Ministry of Environment to commence exploration drilling at its flagship Rottenstone SW property.

    The Company plans to drill three unique mineralized targets on the property (Figure 1), focusing on the gold discovery of 73.55 g/t Au over 7.5m that was identified in drillhole Ranger-01. The Ramp Metals team will be mobilizing to the property on March 12, 2025.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/243887_db95e308549ebb0c_001.jpg

    Figure 1: Area of Focus for the upcoming drill program.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/8725/243887_db95e308549ebb0c_001full.jpg

    ‘These permits are a major milestone for the Company,’ commented Jordan Black, CEO of Ramp Metals. ‘The permits will allow us to follow up on our world-class gold intercept which will help us determine the true potential of this entirely new gold district. I would also like to thank the Lac La Ronge Indian Band and local community for their continued support of this project.’

    About Ramp Metals Inc.

    Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The Company currently has a new high-grade gold discovery of 73.55 g/t Au over 7.5m at its flagship Rottenstone SW property. The Rottenstone SW property comprises 32,715 hectares and is situated in the Rottenstone Domain.

    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.

    FORWARD-LOOKING STATEMENTS

    This news release contains ‘forward-looking statements’ within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or may contain statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘will continue’, ‘will occur’ or ‘will be achieved’. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company’s exploration activities.

    These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.

    Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

    For further information, please contact:

    Ramp Metals Inc.

    Jordan Black
    Chief Executive Officer
    jordaneblack@rampmetals.com

    Prit Singh
    Director
    905 510 7636

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243887

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com
    by
    Read More
    In Investing

    Eclipse Metals and Boss Energy Sign Binding Option & Earn-In Agreement for Liverpool Uranium Project

    No Comments

    Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to announce the execution of a binding option and earn-in agreement with Boss Energy Limited (ASX: BOE) (Boss). Through the agreement, Eclipse and its wholly owned subsidiary North Minerals Pty Ltd have granted Boss Energy the option to earn up to an 80% interest the Liverpool Uranium Project, located in the highly prospective Alligator Rivers Uranium Field of West Arnhem Land, Northern Territory (the Project).This strategic alliance seeks to unlock the significant potential of the Project through a structured investment and exploration program.

    Highlights

    • Eclipse Metals and Boss Energy enter into a binding option and earn-in agreement to advance exploration at the Liverpool Uranium Project (the Project)
    • Boss Energy is committing $250,000 to exploration during the 12-month option period
    • Following the exercise of the option:
      • Boss Energy has the right to earn up to an 80% interest in the Project by providing up to $8 million in exploration funding – divided into two stages – over a 7-year period; and
      • As part of the staged earn-in, Boss Energy must spend a minimum of $ 1.5 million on exploration before it is able to withdraw from the agreement.
    • Upon earning an initial 49% interest in the Project, Boss Energy will have the option to earn up to an 80% interest in the Project.
    • Boss Energy and Eclipse Metals will form an unincorporated joint venture (JV) to explore and develop the Project
    • Upon successful earn-in, Boss Energy will have the option to purchase an additional 10% interest from Eclipse, bringing its total interest in the Project to 90%, for $50 million.

    A summary of the material terms and conditions of the binding option and earn-in agreement is set out in Annexure A.

    Commenting on the Company’s strategic alliance with Boss Energy, Eclipse Metals Executive Chairman Carl Popal said:

    “Partnering with Boss Energy is a key milestone for Eclipse Metals and the advancement of the Liverpool Uranium Project.

    “Boss Energy as a uranium producer will accelerate our exploration efforts, bringing us closer to unlocking the full potential of this highly prospective region.

    “This strategic alliance allows Eclipse to enhance shareholder value in this long-held asset while sharpening our focus on critical mineral opportunities. Our key projects in Greenland, with their rich rare earth and industrial mineral potential, and other Australian assets remain central to our mission of contributing to the global critical minerals supply chain.”

    ABOUT THE LIVERPOOL URANIUM PROJECT

    The Liverpool Uranium Project comprises five exploration licences – EL27584, ELA31065, ELA31770, ELA31771, and ELA31772 – covering 1,229 square kilometers. Notably, the Devil’s Elbow prospect within EL27584 has yielded high-grade surface uranium assays, including results up to 5.8% U₃O₈, as well as significant gold and palladium mineralisation (EPM announcement 20 April 2020).

    The Company’s previous exploration programs focused on the area around the Devil’s Elbow, Terrace and Ferricrete uranium prospects, concentrating on high-priority areas defined by historical geochemical and radiometric anomalies within EL27584 and relatively unexplored ground south of the Ranger Fault.

    The Devil’s Elbow prospects show strong similarities to the Jabiluka uranium and gold mine, which was discovered in 1971. Jabiluka is located 20km to the north of the Ranger Uranium Mine and about 75km west of the Devil’s Elbow. At Jabiluka, uranium and gold mineralisation occurs in an altered section of the Cahill Formation, near reverse faulting structures that are like those at the Devil’s Elbow prospect.

    STRATEGIC SIGNIFICANCE

    This strategic alliance combines Eclipse’s deep knowledge of the Project with Boss Energy’s proven expertise in uranium exploration and production. The Alligator Rivers Uranium Field is renowned for its high-grade deposits, positioning both companies to capitalise on the region’s significant potential.

    Boss Energy intends to begin exploration activities on the Project during the 12-month option period, which will include mineral prospectivity mapping, target generation and validation of targets.

    This strategic alliance underscores Eclipse’s commitment to expanding its diverse portfolio of mineral projects, while aiming to create shareholder value, and contribute to the global supply of critical minerals.

    Click here for the full ASX Release

    This post appeared first on investingnews.com
    by
    Read More
    In Investing

    BHP to Spend up to A$40M to Explore for Tier 1 Copper-Silver Deposits on CBE Tenements in Botswana

    No Comments

    Cobre Limited (ASX: CBE, Cobre or Company) is pleased to announce that CBE, and certain wholly owned subsidiaries (also Cobre), have executed an Earn-In Agreement (Transaction) with a wholly owned subsidiary of BHP Group Ltd (BHP) under which BHP will provide up to US$25 million (~A$40m) for exploration expenditure for Cobre’s Kitlanya East and Kitlanya West Copper Projects (Kitlanya Projects) and be granted the right to earn a 75% interest in the Kitlanya Projects, located on the northern and southern basin margins respectively of the Kalahari Copper Belt (KCB) in Botswana. The Transaction is a result of Cobre’s successful participation in the 2024 BHP Xplor program which also provided funding for the recently completed seismic survey on the Kitlanya West Project (see ASX announcement 22 August 2024).

    Highlights

    • The Transaction comprises the following key funding terms (detailed in Schedule 1):
      • A minimum of US$5 million of committed funding to be paid to Cobre within 2 years of the commencement date with a planned budget of US$7m (A$11m) for exploration expenditure for the Kitlanya Projects starting in April 2025; and
      • BHP can earn a 75% interest in the Kitlanya Projects by funding US$25 million (inclusive of the initial US$5 million) for exploration expenditure for the Kitlanya Projects.
    • Cobre Botswana will be appointed operator during the earn-in phase and will be entitled to a management fee of no less than US$250,000 per annum.
    • Upon commencement of the 75:25 joint venture, BHP may provide a loan to Cobre to fund Cobre’s portion of joint venture expenditure up until the final investment decision.
    • An additional payment of up to US$10 million, calculated at $5/tonne contained copper, is payable to Cobre upon the declaration of a maiden JORC Compliant Mineral Resource (JORC) at the Kitlanya Projects.
    • If the Transaction is terminated during the Earn-In Phase and BHP has funded at least US$20 million for exploration expenditure, BHP will be entitled to a 2.0% net smelter royalty in respect of the Kitlanya Projects. Cobre may, in certain circumstances, buy back 50% of this royalty for an amount equal to the aggregate of exploration expenditure funded by BHP at the time of electing to exercise the buy-back.
    • The Transaction does not cover Cobre’s flagship Ngami and Okavango Copper Projects which Cobre will continue to operate and advance independently.

    The Transaction underscores Cobre’s confidence in the potential for its projects to host Tier 1 copper- silver deposits. A partnership with BHP provides the exploration funding, scale and expertise to maximise Cobre’s chances of making significant new discoveries on our basin margin exploration ground while retaining 100% ownership of its Ngami and Okavango Copper Projects.

    The planned work programme for the initial US$7m includes several deep (~1km) diamond holes combined with active 2D seismic survey designed to assess key components of the Mineral System required for Tier 1 copper deposit formation. Mobilisation for the first phase of drilling, which will test targets identified in the 2024 seismic programme at Kitlanya West, is scheduled for April 2025.

    Tim O’Connor, BHP Group Exploration Officer said:

    ‘We are thrilled to continue our partnership with one of the BHP Xplor alumni, Cobre Limited, through this agreement. This collaboration reflects our excitement for the exploration potential in Botswana and underscores the high standard of partnerships we see coming out of the BHP Xplor program. The Kitlanya Projects in Botswana represent an exciting opportunity to uncover Tier 1 copper-silver deposits, and we are pleased to contribute our expertise and resources to this venture.”

    Commenting on the Transaction, Adam Wooldridge, Cobre’s Chief Executive Officer, said:

    “This significant transaction with BHP, one of the world’s leading mining companies, is a major moment in time for Cobre as a company as well as a testament to the success of BHP’s Xplor programme. The partnership with BHP will provide us with the funding and support necessary to implement a technology-driven work programme designed to discover the Tier 1 deposits we believe may be hosted in our Kitlanya East and West Projects.

    Independently, Cobre will continue advancing its Ngami and Okavango copper Projects.This combined strategy provides exposure to potential Tier 1 discoveries, a development opportunity at Ngami and short-term discoveries on our Okavango project.”

    Commenting on the transaction, Martin Holland Chairman of the Cobre board, said:

    “First and foremost, I would like to extend my gratitude to BHP for their exceptional efforts in the 2024 BHP Xplor program, which aims to foster bold thinking and elevate global exploration to new heights.

    I would also like to thank the Cobre Board and team, especially our CEO Adam Wooldridge and Technical Lead Thomas Krebs, for their tireless dedication throughout the year-and-a-half-long process that has led us to this point and for their efforts in successfully finalising this transaction with BHP.”

    Geology, Mineralisation and Exploration Target

    Mineralisation in the KCB is sediment-hosted and structurally controlled, with copper-silver mineralisation most frequently hosted along the redox contact between the basal units of the reduced marine sedimentary rocks of the D’Kar Formation and oxidised clastic sedimentary red bed units of the Kuke and Ngwako Pan Formations and the underlying volcanosedimentary Kgwebe Formation. Of particular interest for Tier 1 deposits are the tight, upright folds which offer ideal trap-sites for upgrading of copper-silver mineralisation and formation of large deposits. These folds are typically bounded by district-scale shears (often with evidence of copper anomalism) which would provide the necessary plumbing architecture for movement of copper-rich fluids during basin formation and subsequent closure and deformation. A schematic illustration of the preserved fold hinge model is illustrated in Figure 2. The upcoming exploration programme will focus on testing these buried anticline hinge zones along with assessing primary basin architecture, source rocks, fluid pathways and trap-site mechanisms.

    Click here for the full ASX Release

    This post appeared first on investingnews.com
    by
    Read More
    In Investing

    Tech 5: CoreWeave Plans US$4 Billion IPO, Trump Threatens CHIPS Act

    No Comments

    Tech stocks were active this week, impacted by a broader market correction, key announcements and funding rounds.

    Google’s (NASDAQ:GOOGL) introduction of AI Mode, a powerful new search tool for complex, multi-part questions, as well as Shield’s estimated US$5.3 billion valuation after securing US$240 million in a new funding round offer a snapshot of the rapid innovation and investor interest driving the tech landscape right now.

    With that, here’s a look at other key events that made tech headlines this week.

    1. CoreWeave plans IPO, faces Microsoft contract concerns

    CoreWeave filed for a New York initial public offering (IPO) on Monday, seeking to raise US$4 billion and an expected valuation of more than US$35 billion.

    On Wednesday, the Financial Times reported that Microsoft (NASDAQ:MSFT) pulled out of some of its agreements with CoreWeave. Anonymous sources didn’t give details as to why the startup’s biggest customer cancelled some contracts but alluded to Microsoft’s reduced confidence in CoreWeave after the company allegedly missed deadlines and ran into other delivery issues.

    CoreWeave generates over 60 percent of its revenue from Microsoft, to which it supplies computing power from its data centers for running large-scale AI models, including OpenAI’s ChatGPT.

    This multi-billion-dollar partnership represents a concentration risk. In its filing, CoreWeave stated that its business, operating results, financial condition and/or prospects could be negatively impacted by changes in its overall strategic relationship with Microsoft, including changes in demand and contractual agreements. Contracts between the two companies reportedly have Microsoft set to spend more than US$10 billion on CoreWeave services by 2030.

    CoreWeave’s IPO filing revealed a US$1.9 billion revenue for 2024, alongside substantial debt and net losses. The company has raised US$14.5 billion through debt and equity financing, including US$11 billion in asset-backed loans. This aggressive expansion has led to escalating net losses, which reached US$863 million in 2024, up from US$594 million in 2023 and US$31 million in 2022.

    The company’s reliance on chip supplier Nvidia (NASDAQ:NVDA) also poses supply chain risks, particularly concerning potential delays with Nvidia’s Blackwell GPUs.

    After publication, CoreWeave delivered a statement to Data Center Dynamics, clarifying “there have been no contract cancellations or walking away from commitments. Any claim to the contrary is false and misleading.”

    In a strategic move to further solidify its position in the AI space, on Tuesday, CoreWeave announced that it would acquire AI development startup Weights and Biases. The press release did not say how much the deal was worth, but unnamed sources for The Information said the deal could be valued at around US$1.7 billion.

    2. TSMC fluctuates amid investment and political concerns

    An interplay of factors, including geopolitical tensions and economic uncertainty, contributed to fluctuating TSMC’s (NYSE:TSM) share prices this week, both in the US and Taiwanese markets.

    US shares were down at the start of the week due to concerns of economic upheaval and a potential trade war with China. Its Taiwanese shares fell after the company announced a US$100 billion investment in US chip production, including three new manufacturing plants, two packaging facilities and a research and development center.

    Trump’s intention to end the US$52 billion CHIPS Act, which he expressed during his Tuesday evening Congressional Address, added to investor concerns. The CHIPS Act, an initiative from the Biden administration, has pledged funding to TSMC as well as fellow benefactors Intel (NASDAQ:INTC), Samsung (KS:5930) and Micron (NASDAQ:MU) to fund sizeable infrastructure projects. Intel received the largest portion, a US$7.9 billion grant to support commercial factories and another US$3 billion to produce military chips. TSMC is set to receive US$11.6 billion in direct funding and loans.

    TSMC’s CEO, C.C. Wei, held a press conference on Thursday to address concerns from Taiwanese critics of the planned US investment who worry that moving advanced manufacturing will lessen US incentive to defend Taiwan from a Chinese invasion. The country’s Chinese Nationalist Party, the KMT, said the investment was a threat to national security.

    Wei defended the move, stating it was a response to increased customer demand for AI chips. In a separate statement, Taiwan’s Economics Minister said that TSMC’s most advanced processes would stay in Taiwan until at least 2026.

    He did not confirm whether Trump had guaranteed the continuation of CHIPS Act subsidies in light of the new investment pledge but said that the company could proceed without them, emphasizing the desire for fairness.

    3. NVIDIA chips to power OpenAI and Oracle’s Stargate data center expansion

    A source for Bloomberg said that OpenAI and Oracle (NYSE:ORCL) are preparing to add 64,000 of NVIDIA’s GB200 semiconductors to a new data center being built in Abilene, Texas, the first of the US$100 billion Stargate project announced by the Trump administration in January.

    According to the report, the chips will be added to the center in phases, with an initial 16,000 chips set to be completed by this summer and the entire project complete by 2026.

    4. Tech stocks share mixed earnings results

    This week also saw a mix of earnings reports from major tech companies:

          5. Shift to practical AI continues with agents, specialized applications

          Key developments this week signaled a continuing shift toward AI agent expansion across both commercial and government sectors.

          On Tuesday, Reuters reported on a new division from Amazon (NASDAQ:AMZN) Web Services (AWS) dedicated to AI agents, indicating a strategic focus on automated task solutions for cloud computing clients. The plans were officially announced by Amazon Vice President of AI and Data Swami Sivasubramanian via a LinkedIn post on Wednesday.

          “This new capability – powered by Claude 3.7 Sonnet, Anthropic’s most intelligent model to date – allows developers to have more collaborative, interactive conversations with Q Developer that works with them, asks them feedback and makes iterative changes as they go along,” Sivasubramanian wrote.

          Later, during a public interview at Morgan Stanley’s Technology, Media and Telecom Conference in San Francisco on Wednesday, Meta’s (NASDAQ:META) chief product officer Chris Cox said the company’s upcoming Llama 4 model will have reasoning capabilities powerful enough to create AI agents capable of using a web browser and other tools.

          He described how more advanced AI agents can be built on a foundation of embeddings, enabling them to complete specific business-related tasks like filing receipts. These comments follow a previous CNBC report of Meta’s plans to debut a stand-alone AI app sometime during the second quarter and echo similar statements made to CNBC’s Julia Boorston by Clara Shih, Meta’s head of business AI.

          “We’re quickly coming to a place where every business, from the very large to the very small, they’re going to have a business agent representing it and acting on its behalf, in its voice — the way that businesses today have websites and email addresses,” Shih said, explaining that Meta is working to develop business AIs for smaller businesses who may not be able to hire large AI teams.

          Adding to this trend, OpenAI is reportedly planning to introduce tiered subscriptions for specialized AI agents, with prices ranging from US$2,000 to US$20,000 per month to reflect varying levels of capabilities.

          Also, the US Department of Defense has begun integrating AI agents through collaborations with Scale AI, Microsoft, and Anduril for military operations, including simulation and decision support.

          These moves signal rapid growth in the adoption of AI agents, marking a shift toward practical AI implementation and coincide with broader market shifts showing increased investment in AI applications, as noted in recent financial reporting from Bloomberg’s Kate Clark. This reflects a wider movement beyond foundational AI models, focused on delivering specialized, user-focused AI tools and services, whether through autonomous agents or dedicated applications.

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

          This post appeared first on investingnews.com
          by
          Read More
          In Investing

          Crypto Market Recap: White House Hosts Bitcoin Summit, Texas Votes “Yes” on Bitcoin Reserve

          No Comments

          Here’s a quick recap of the crypto landscape for Friday (March 7) as of 9:00 p.m. UTC.

          Bitcoin and Ethereum price update

          Bitcoin (BTC) is currently trading at US$86,934.56, reflecting a 2.5 percent decrease over the past 24 hours. The day’s trading range has seen a high of US$90,940.27 and a low of US$86,701.87.

          Ethereum (ETH) is priced at US$2,155.47, marking a decrease of 2.3 percent over the same period. The cryptocurrency reached an intraday high of US$2.244.58 and a low of US$2,145.98.

          Altcoin price update

          • Solana (SOL) is currently valued at US$144,38, up 0.1 percent over the past 24 hours. SOL experienced a high of US$149 and a low of US$141.65 during Friday’s trading session.
          • XRP is trading at US$2.46, reflecting a 5.5 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.55 and a low of US$2.39.
          • Sui (SUI) is priced at US$2.68, showing a 4.8 percent decrease over the past 24 hours. It achieved a daily high of US$2.84 and a low of US$2.66.
          • Sui (SUI) is priced at US$2.68, showing a 4.8 percent decrease over the past 24 hours. It achieved a daily high of US$2.84 and a low of US$2.66.

          Crypto news to know

          Crypto summit: Sentiment positive, details limited

          The highly anticipated White House crypto summit, hosted by President Trump and David Sacks, brought together key industry leaders and policymakers to discuss the future of crypto and blockchain regulations.

          The event provided a platform for attendees such as Ripple CEO Brad Garlinghouse, Strategy’s (NASDAQ:MSTR) Michael Saylor, and Chainlink co-founder Sergey Nazarov to share their insights and offer feedback on the industry’s needs.

          The summit was expected to primarily focus on strengthening US leadership in the digital asset industry and fostering an environment that promotes innovation while ensuring appropriate regulatory oversight.

          Industry watchers were also hoping for clarity on the executive order (EO) issued on Thursday evening establishing a Bitcoin reserve and digital asset stockpile.

          Although US Treasury Secretary Scott Bessent said he would discuss the next steps for possibly acquiring more Bitcoin during a CNBC Squawk Box interview on Friday morning, the government’s announcement that it did not intend to purchase more Bitcoin resulted in a subdued market response.

          Crypto assets pulled back further after a senior White House official stated that Trump’s mention of ADA, XRP, SOL, Bitcoin, and Ether as examples of cryptocurrencies included in a strategic reserve should not be overinterpreted.

          Market experts had mixed reactions. Some experts called the EO a symbolic move, while others hailed it as a turning point in the market’s development.

          Dick Lo, CEO of TDX Strategies, said “Initial disappointment as the market had built up high expectations leading up to the announcement. However, the news is (unambiguously) positive: It would have been unrealistic to expect new buying without a plan on how it would be funded. An important distinction has been made between Bitcoin and the rest of crypto, i.e. not a single dollar will be spent buying altcoins.”

          The summit wrapped up with positive sentiments toward Trump’s leadership and the joint effort to advance the digital asset industry, though it didn’t introduce many new details. Trump shared his desire to see legislation enacted before the August break and offered congratulations to attendees.

          Texas Senate passes Bitcoin strategic reserve bill

          The Texas Senate voted to pass Bitcoin strategic reserve bill SB-21 in a 25-5 vote on Thursday after a fierce debate between Texas State Senator Charles Schwertner, who introduced the legislation, and Democratic Senator Roland Gutierrez of San Antonio.

          Gutierrez raised concerns about Bitcoin’s volatility and the potential risks associated with allocating state funds to cryptocurrency.

          “When the economy is down, Bitcoin is down, and the fluctuations on this stuff is insanity,” he said. “We have so many real concerns in this state, and so many of our citizens that’re asking for real help, and the last thing that we need to do is go benefit some techno bro.”

          Schwertner argued that a crypto reserve would allow Texas to diversify its investment approach and “participate competitively in the evolving digital, financial economy.”

          “We don’t have stacks of dollar bills and safes like we did in medieval times. What we have is digital currency,” he told the floor.

          The proposed legislation would authorize the state comptroller to purchase, hold and manage Bitcoin and other digital assets as a hedge against inflation and economic volatility. Funding would come from legislative appropriations and private donations. A committee would also be established to advise the comptroller on cryptocurrency investments, making Texas the first US state to create a cryptocurrency reserve if the bill is signed into law.

          Trump memecoin generates US$350 million in revenue

          Analysis by the Financial Times revealed that Trump’s cryptocurrency project has generated at least US$350 million in revenue from the launch of the Official Trump (TRUMP) memecoin, with roughly US$314 million from token sales and US$36 million from fees on the Solana blockchain.

          Following the launch of the Trump memecoin, Trump-linked accounts reportedly sold 100 million Trump tokens at a price below US$1.05. The analysis suggests that after withdrawing the initial USDC earnings, Trump wallets reinvested US$291 million in USDC into another liquidity pool, perhaps to support the market.

          The report also highlighted that these Trump-linked wallets sent approximately 14.7 million Trump tokens to 10 different exchanges, including major platforms such as Binance, Bybit and Coinbase (NASDAQ:COIN). While the exact extent of the financial gains from these transactions remains unclear, the analysis indicates that these other transactions may have generated additional profits.

          The Financial Times also found that the Trump accounts spent US$1 million on their own tokens at US$33.20 on January 19 and January 20 to stabilize the price amid the TRUMP decline following the launch of Melania Trump’s MELANIA memecoin. The report determined that the 831 million TRUMP tokens still held by Trump-affiliated accounts are estimated to have a notional value of US$10.8 billion.

          The memecoin’s official website, Gettrumpmemes.com, states that The Trump Organization-affiliated CIC Digital and Delaware-based Fight Fight Fight collectively own 80 percent of the tokens; however, Trump’s profits are not known.

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

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

          This post appeared first on investingnews.com
          by
          Read More
          In Investing

          Heritage Mining Announces Non-Brokered Private Placement of Units and Flow-Through Units

          No Comments

          (TheNewswire)

          Heritage Mining Ltd.

          VANCOUVER, BC TheNewswire – March 7, 2025 Heritage Mining Ltd. (CSE:HML) (FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce a non-brokered private placement (the ‘ Offering ‘) of units (‘ Units ‘) and flow-through units (‘ FT Units ‘) for gross proceeds of up to $1,3750,00.

          Pursuant to the Offering, the Company intends to issue up to 13,750,000 Units of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of up to $687,500, and up to 13,750,000 FT Units of the Company at a price of $0.05 per FT Unit, for aggregate gross proceeds of up to $687,500.

          Each Unit will consist of one common share in the capital of the Company (‘ Common Share ‘) and one Common Share purchase warrant (a ‘ Warrant ‘). Each FT Unit will consist of one Common Share which will qualify as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada) and one Warrant.

          Each Warrant will entitle the holder to acquire one Common Share (each, a ‘ Warrant Share ‘) at an exercise price of $0.10 per Warrant Share until 4:30 pm (Pacific Standard time) on that date that is 60 months from the closing date of the Offering (the ‘ Expiry Time ‘).

          Closing of the Offering is expected to occur on or around March 27, 2025 (the ‘ Closing Date ‘).  The Offering is subject to all customary approvals. Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on its Drayton-Black Lake Project and Contact Bay and general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

          ‘Heritage Mining Ltd. has secured lead orders totaling up to C$250,000 from insiders, institutions, advisors, consultants, and existing shareholders. We are grateful for the continued support of existing stakeholders and look forward to closing the financing on or around March 27, 2025.’ Commented Peter Schloo, President, CEO, and Director.

          ABOUT HERITAGE MINING LTD.

          The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

          For further information, please contact:

          Heritage Mining Ltd.

          Peter Schloo, CPA, CA, CFA

          President, CEO and Director

          Phone: (905) 505-0918

          Email: peter@heritagemining.ca

          FORWARD-LOOKING STATEMENTS

          This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

          Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

          This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

          NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

          Copyright (c) 2025 TheNewswire – All rights reserved.

          News Provided by TheNewsWire via QuoteMedia

          This post appeared first on investingnews.com
          by
          Read More
          In Investing

          Top 5 Canadian Mining Stocks This Week: San Lorenzo Gold Shines with 329 Percent Gain

          No Comments

          Statistics Canada released its preliminary estimates for the 2024 annual mineral production survey on Wednesday (February 26).

          The report showed that the US was the top trading partner for metal ores and non-metallic minerals over the last year. Canada’s resource sector shipped C$6.4 billion worth of commodities to the US in 2024. Meanwhile, imports into Canada totaled C$4.3 billion.

          The top three export destinations for the Canadian mining sector were the US, which represented 23.9 percent of exports in 2024, followed closely by China with 20.3 percent and Japan with 8.9 percent.

          At a value of C$4.2 billion, potash was the top mineral Canada exported to the US, representing 65.2 percent of metal and mineral exports. Diamonds and other non-metallic minerals were Canada’s next highest export to the US in this category, accounting for 13.1 percent of exports and having a trade value of C$844 million.

          Overall, Canada shipped a total of C$54 billion worth of metals, non-metals and aggregates in 2024. The most valuable subcategory was gold, with Canada shipping 198,899 kilograms during 2024 worth an estimated C$16.89 billion. The second most valuable was potash, which saw 25.47 million metric tons shipped, adding C$8.68 billion to the Canadian economy.

          Canada’s largest trading partner for minerals, the US, is causing considerable uncertainty in 2025 as the Trump administration continues to threaten sweeping 25 percent tariffs on all exports from Canada excluding energy, which would receive 10 percent tariffs.

          The tariffs were originally set to go into effect in early February before being pushed back to the beginning of March, although US President Donald Trump did enact 25 percent tariffs on steel and aluminum imports in mid-February.

          This past Wednesday, Trump indicated that the date for the sweeping tariffs had been pushed back to April 2, but walked it back in social media posts on Thursday (February 27), saying the tariffs would still go forward on March 4.

          Since he assumed office on January 20, Trump’s foreign and domestic policies have sparked fears of a global trade war. Markets have struggled in recent weeks while the price of gold has soared to record highs as investors seek haven assets.

          His economic moves towards Canada alongside comments calling Canada the 51st state and questioning its legitimacy as a nation have caused significant concern among Canadians, many of whom have begun boycotting US travel and products in favor of supporting Canadian companies.

          Markets and commodities react

          US equity markets were broadly down this week through the close of trading on Thursday, with CNN reporting markets are currently being driven by “Extreme Fear.” The S&P 500 (INDEXSP:INX) lost 4.13 percent over the four day period to end at 5,861.56, and the Nasdaq-100 (INDEXNASDAQ:NDX) fell 7.05 percent to 20,550.95 by Thursday. The Dow Jones Industrial Average (INDEXDJX:.DJI) saw the smallest drop, losing just 1.33 percent to 43.239.51.

          In Canada, markets were also in decline. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 4.79 percent to close at 615.84 on Thursday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 1.61 percent loss to 25,128.24 and the CSE Composite Index (CSE:CSECOMP) dropped 3.73 percent to 127.53.

          After hitting new all-time highs last week, the gold price slipped over the past four trading days losing 2.08 percent to US$2,876.00 per ounce at 5:00 p.m. EST Thursday. The silver price saw steeper declines, losing 5.04 percent during the period to US$31.25.

          In base metals, the copper price spiked to almost US$4.75 late Tuesday (February 25) as Trump floated copper tariffs, but ended Thursday down on the week overall, closing the day at US$4.59 per pound on the COMEX. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) shed 3.16 percent to close at 560.29.

          Top Canadian mining stocks this week

          So how did mining stocks perform against this backdrop?

          We break down this week’s five best-performing Canadian mining stocks below.

          Data for this article was retrieved at 3:00 p.m. EST on Thursday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

          1. GPM Metals (TSXV:GPM)

          Company Profile

          Weekly gain: 36.84 percent
          Market cap: C$14.43 million
          Share price: C$0.13

          GPM Metals is a mineral exploration company working to advance its Walker Gossan zinc-lead project in the Northern Territory of Australia.

          In June 2024, GPM announced that it concluded a sale and purchase agreement with a Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) subsidiary to wholly acquire the Walker Gossan project in Australia as well as two nearby exploration license applications. The terms of the deal replaced a previous farm-in agreement.

          Rio Tinto’s subsidiary has the option to earn up to 49 percent interest back in the future on certain milestones. Additionally, it retains the right to be paid a further contingent amount equivalent to the future value of 1,000 metric tons of zinc and lead if GPM discovers a mineral resource greater than 20 million metric tons with combined zinc and lead grades above 8 percent.

          In July 2024, GPM announced that it had finalized plans for an exploration program to be conducted in 2024 and 2025 that will follow up on previous work at the property, which identified a 2 kilometer by 1 kilometer gravity anomaly. Due to unexpected damage to the access route from storms, the program was delayed until the end of the wet season, April 2025, and will be overseen by new CEO John Timmons.

          Shares in GPM Metals were up this week, although the company has not released any news in 2025.

          2. DLP Resources (TSXV:DLP)

          Company Profile

          Weekly gain: 33.33 percent
          Market cap: C$34.99 million
          Share price: C$0.30

          DLP Resources is a mineral exploration company focused on advancing its flagship Aurora copper-molybdenum project in Peru.

          The 8,500 hectare site is located in the Central Andes. Exploration work has been performed at the site since the early 2000s, with DLP conducting drill programs in 2023 and 2024.

          Shares in DLP saw gains this week following the release of a technical report for Aurora on Thursday that included a maiden mineral resource estimate with significant copper and molybdenum spread over two zones.

          The inferred resource totals 1.05 billion metric tons of ore containing 4.65 billion pounds of copper, 1.1 billion pounds of molybdenum and 80 million ounces of silver. The resource has average grades of 0.2 percent copper, 0.05 percent molybdenum and 2.4 grams per metric ton silver.

          The company said it is pleased with the size and results of the report and will continue drilling the site to upgrade the resource ahead of a preliminary economic assessment.

          3. TriStar Gold (TSXV:TSG)

          Company Profile

          Weekly gain: 29.63 percent
          Market cap: C$51.79 million
          Share price: C$0.175

          Tristar Gold is a gold exploration and development company focused on advancing its Castelo de Sonhos project in Pará State, Brazil.

          According to a 2021 pre-feasibility study, the property consists of six concessions and has hosted historic small-scale artisanal mining over the past several decades. Between 2010 and 2021, Tristar drilled more than 67,000 meters in 611 holes.

          The economics included in the study demonstrate that, at an annual 5 percent discount rate, the project has an after-tax net present value of US$321 million and internal rate of return of 28 percent with a payback period of 2.8 years. The base case was calculated using a gold price of US$1,550 per ounce.

          The project was issued a preliminary license in August 2024 from the Para Secretariat for the Environment and Sustainability (SEMAS), a crucial environmental hurdle and the first of a three-stage process to allow project development.

          The project experienced some delays in October as federal prosecutors recommended that the license be suspended pending the completion of additional archaeological studies and Indigenous Component Studies. In a follow-up announcement in December, Tristar indicated that the permit for the site would remain valid, with SEMAS providing a strong technical defense of the permitting process.

          The company has not released further information on the proceedings and has spent early 2025 raising funds. The most recent news came on February 21, when it announced it had closed the final tranche of a non-brokered private placement for gross proceeds of C$1.08 million.

          4. Star Diamond (TSX:DIAM)

          Company Profile

          Weekly gain: 28.57 percent
          Market cap: C$27.79 million
          Share price: C$0.045

          Star Diamond is an exploration and development company working to advance its flagship Fort à la Corne diamond district in Saskatchewan, Canada.

          The property is located 60 kilometers east of Prince Albert, Saskatchewan. Previously a joint venture with Rio Tinto, Star Diamond acquired Rio Tinto’s stake in the project in March 2024 in exchange for 119.32 million shares in Star Diamond, resulting in Rio Tinto holding a 19.9 percent ownership position in the diamond junior.

          Fort à la Corne has seen extensive exploration of kimberlite deposits, including geophysical surveys, large-diameter drilling and micro- and macro-diamond analyses.

          The Star-Orion South diamond project, the most advanced project area in Star Diamonds’ portfolio, is located within the district.

          In 2018, the company released a PEA for Star-Orion South, which reported a resource of 27.15 million carats of diamonds from 200.16 million metric tons with an average grade of 14 carats per 100 metric tons. The inferred resource is 5.18 million carats from 72.08 million metric tons, with an average grade of 7 carats per 100 metric tons.

          At the time, the company estimated a post-tax NPV of C$2 billion, an IRR of 19 percent and a payback period of 3 years and 5 months.

          On January 9, Star Diamond announced that a 70.7 million share block held by a former project partner had been sold, with 61.12 million shares purchased by an international investor interested in diamonds.

          The company’s most recent news came on February 27, when it announced that it had closed the second tranche of its private placement for gross proceeds of C$230,000, adding to the C$335,000 from the first tranche it closed on February 18. The funds will be used as working capital. According to the announcement, Star Diamond is discussing funding for a pre-feasibility study with potential investors.

          5. Canuc Resources (TSXV:CDA)

          Company Profile

          Weekly gain: 21.43 percent
          Market cap: C$13.60 million
          Share price: C$0.085

          Canuc Resources is an exploration and development company focused on its flagship San Javier silver and gold project in Sonora, Mexico.

          As part of its strategy, Canuc also owns the MidTex natural gas project, which consists of eight producing natural gas wells it uses to provide steady, long-term cash flow.

          Its San Javier project consists of 28 contiguous claims covering 1,052.9 hectares, with the most recent set of claims acquired in July 2024. The company has completed limited exploration work at the site, the most recent being a mapping and sampling program in January 2024.

          The most recent news from Canuc came on February 13 when it announced it had entered into a definitive arrangement agreement to acquire Macdonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF). Multiple conditions must be met before it is finalized, including several approvals and Canuc completing a C$500,000 private placement.

          If completed, the deal will see Canuc acquire Macdonald and its flagship SPJ project located 40 kilometers northeast of the Sudbury mining camp in Ontario, Canada. The site covers 19,710 hectares and hosts mineralization of copper, gold, cobalt, nickel and rare earth elements.

          FAQs for Canadian mining stocks

          What is the difference between the TSX and TSXV?

          The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

          How many companies are listed on the TSXV?

          As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

          Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

          How much does it cost to list on the TSXV?

          There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

          The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

          These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

          How do you trade on the TSXV?

          Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

          Article by Dean Belder; FAQs by Lauren Kelly.

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

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

          This post appeared first on investingnews.com
          by
          Read More