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‘The technical setup for gold looks absolutely beautiful — if you look at a 10 year, 15 year, 20 year chart it looks absolutely great,’ he said. ‘Now you’ve (also) got the dynamic of Trump coming in office. I don’t see how that’s going to cause less volatility, and gold loves uncertainty and volatility, so I think we’re going to have a great 2025.’

Feneck also gave updates on mining stocks he’s watching right now.

On the gold side, he mentioned US Gold (NASDAQ:USAU), First Nordic Metals (TSXV:FNM,OTCQB:FNMCF) and Inflection Resources (CSE:AUCU,OTCQB:AUCUF), which also has a copper component. Feneck also spoke about Aftermath Silver (TSXV:AAG,OTCQX:AAGFF), a company in which Canadian billionaire Eric Sprott has a large position.

He’s also interested in copper-focused Questcorp Mining (CSE:QQQ,OTC Pink:QQCMF), and when it comes to ‘special situations’ he has companies like Guardian Metal Resources (LSE:GMET,OTCQX:GMTLF), Demesne Resources (CSE:DEME,OTCQB:DEMRF) and Angkor Resources (TSXV:ANK,OTCQB:ANKOF) on his radar.

Looking forward, Feneck emphasized that he’s positive on the resource sector as a whole.

‘I think that this year is going to shape up to be a really, really good year for commodities in general,’ he said.

‘And if Trump can pull off the big ‘what if’ and get Putin to come to the table — that’s going to be a game changer for a lot of these commodities that have been underwater, like nickel, platinum and palladium, etc.’

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

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Major oil and gas stocks have historically offered investors high dividend yields, especially when prices are strong.

The US oil and gas market has responded surprisingly well to the continued volatility in the global markets, including ongoing conflict in the Middle East, the Russia-Ukraine war and economic uncertainty.

For those who prefer a long-term approach to investing, oil and gas stocks with high dividends allow for a steady flow of income and the opportunity for investors to increase their equity holdings.

A dividend is part of a company’s profits that is paid out regularly to shareholders, typically quarterly. When determining which dividend stocks are good options, there are some terms investors should know, including dividend yields, payout ratios and debt-to-equity ratios.

A dividend yield represents the dividend income per share divided by the share price. Currently, the oil and gas segment of the stock market is flush with dividend yields of over 4 percent.

A dividend’s payout ratio is the total amount of dividends paid out to shareholders relative to the company’s net income. Lastly, the debt-to-equity ratio shows how much company financing is generated from debt rather than equity.

The energy sector stocks on this list had strong dividends yields of greater than 4.9 percent as of that date, as well as debt-to-equity ratios of 0.35 and lower.

1. Vitesse Energy (NYSE:VTS)

Company Profile

Market cap: US$775.81 million
Dividend yield: 9.14 percent
Debt-to-equity ratio: 0.2

The top high-dividend oil stock on this list is Vitesse Energy, which owns financial interests in oil and gas wells operated by leading US operators primarily in the Bakken oil field in the state of North Dakota.

Prior to its December 2024 definite agreement to acquire Lucero Energy (TSXV:LOU,OTCQB:PSHIF), Vitesse was not itself an oil and gas producer, but it would become one if the acquisition closes. As of Q3 2024, Lucero had approximately 6.4 million barrels of oil equivalent per day (boe/d) of two stream net production.

Vitesse shareholders of record as of December 16 received a quarterly dividend payment of US$0.525 per share on December 31, 2024. If the Lucero acquisition is approved and completed, Vitesse expects to increase its cash dividend from US$2.10 to US$2.25 per share on an annualized basis.

2. TXO Partners (NYSE:TXO)

Company Profile

Market cap: US$709.03 million
Dividend yield: 8.25 percent
Debt-to-equity ratio: 0.25

TXO Partners is acquiring, developing and operating conventional oil, natural gas and natural gas liquid reserves in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota.

TXO’s most recent quarterly dividend payment to shareholders was distributed on November 22, 2024, at US$0.58 per common unit. It was paid to those who were eligible unitholders of record on November 15.

3. Granite Ridge Resources (NYSE:GRNT)

Press ReleasesCompany Profile

Market cap: US$900.83 million
Dividend yield: 7.31 percent
Debt-to-equity ratio: 0.3

Granite Ridge Resources invests in public and private oil and gas operators drilling high-grade wells in the US across five unconventional basins: the Permian, Eagle Ford, Bakken, Haynesville and DJ.

In its Q3 2024 results, the company reported average production of 25,177 boe/d from its portfolio of assets, generating a reported net income of US$9.1 million.

Granite Ridge paid out a quarterly dividend of US$0.11 per share of common stock on December 16, 2024, to shareholders of record as of November 29.

4. Diamondback Energy (NASDAQ:FANG)

Press ReleasesCompany Profile

Market cap: US$51.03 billion
Dividend yield: 5.15 percent
Debt-to-equity ratio: 0.35

Diamondback Energy is a Texas-based oil and gas company headquartered with operating unconventional, onshore oil and natural gas reserves assets in the Permian Basin. The company completed a merger with another Texas oil and gas company, Endeavor Energy Resources, on September 10, 2024. Diamondback reported average production of 571.1 million boe/d for the third quarter 2024.

Diamondback shareholders received a quarterly cash dividend of US$0.90 per common share on November 21, 2024. The company says it has returned over US$8.6 billion to its shareholders since 2018.

5. Epsilon Energy (NASDAQ:EPSN)

Company Profile

Market cap: US$139.01 million
Dividend yield: 4.92 percent
Debt-to-equity ratio: 0.1

Epsilon Energy has oil and gas operations in the hydrocarbon-rich regions of Pennsylvania, Texas, New Mexico and Oklahoma. The company entered the Western Canadian Sedimentary Basin jurisdiction in Alberta, Canada, via two joint venture agreements in October 2024.

Epsilon reported revenues of US$7.29 million for Q3 2024, up 16 percent from the same quarter in the previous year. On December 31, Epsilon paid a quarterly dividend of US$0.0625 per share to its shareholders on record as of December 16, bringing its annualized dividend payout to US$0.25 per share.

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

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Zinc saw strong performance in 2024, but was based on speculation rather than supply and demand fundamentals.

Zinc is predominantly used to make galvanized steel, which is destined for the construction and manufacturing sectors. The past several years have seen these industries largely depressed due to high inflation and high interest rates.

What helped the base metal over the past year is that weak demand was met with weak mining supply.

What could a new administration in the White House or new economic stimulus measures in China mean for zinc markets? Which factors should investors be considering in 2025?

How will Trump’s return impact the zinc market?

One of the big stories of 2025 is US President-elect Donald Trump’s return to the White House. This event could have a broad impact across several industries and significant implications for the resource sector.

Trump ran on a platform with conflicting outcomes. On one hand, he promised improved permitting timelines for projects costing above US$1 billion, which could make the US more attractive to companies seeking new base metal projects.

One such project that may be supported by improved permitting is South32’s (OTC Pink:SHTLF,ASX:S32) Hermosa project near Tucson, Arizona. The project has already seen improved permitting timelines through the US Federal Permitting Improvement Steering Council, and at over US$2 billion in cost, it would also qualify under the proposed change in permitting from the incoming administration.

Additionally, his promise to free up federal lands for new housing could be a boon for zinc producers as it would mean greater demand for galvanized steel products. The question is how much and how fast would new housing starts be available?

On the other hand, his platform also heavily favored imposing new tariffs, which could add fresh inflationary pressures to the economy.

While it’s still uncertain if there will be any carve-outs for certain industries, higher costs for materials destined for homebuilders could significantly weaken demand for new homes regardless of the federal support the administration makes available.

“What’s happened (in 2024) is that China’s had very weak domestic demand for a lot of base metals, but it’s been saved by the export side, so they’ll come under threat more next year with the tariff barriers going up,” he said.

Smith also suggested that there may not be much concern over the proposed tariffs, saying, “Trump’s bark is worse than his bite, so I don’t think it’s going to be particularly bad.” However, Smith noted that China would be exposed regardless if the administration ultimately chooses to raise tariffs.

This was backed up by AMT Insight research shared by Smith on January 9. The group pointed out that the president has limited power to drive markets, and there may be a disconnect between his rhetoric and the policy he can implement as president. Bigger factors for setting prices are likely to be global in nature.

Even so, Smith implied that China is already working to mitigate its risk of incoming tariffs by expanding manufacturing in places like Mexico and Vietnam. This would allow it to avoid the higher prices that will be imposed on goods produced directly in China.

For many base metals, though, he points out that, given how large a segment of the sector they control, it’s very hard to avoid materials coming from China, which has led to some concern about increasing domestic supply.

“It’s very difficult to build new smelters. So, China normally produces a lot of metal but also manufactured goods. The typical route is manufactured goods end up in the US, so there’s been some attempts to build out new capacity in the US, but it’s really very slow,” Smith said.

What is the supply and demand situation expected to be like?

“By far, the biggest implications of the tariffs will be on US premia and the potential knock-on impact they will have on US zinc demand. For now, we do not expect it to impact zinc supply in any way,” Rutland said.

Zinc supply and demand in 2025

The prediction for 2025 is that supply and demand will remain relatively the same as last year.

CRU expects mining supply to grow moderately, at 1.9 percent year over year, with a slight increase in refined output of 0.3 percent. Meanwhile, the group expects demand to grow at 0.3 percent.

Some of this increase may come from Russia as the Overnoye mine in eastern Siberia is expected to start production in 2025.

The mine was originally slated to begin ramping up production in late 2023 but stalled after a fire destroyed critical equipment. Production was reported to have started in November 2024, but Rutland is skeptical.

“Replacing the damaged equipment was complicated by the sanctions imposed on Russia, meaning the mine had to replace the equipment with domestic technology, which we believe is unlikely to have been possible to have achieved to a high standard over such a short time frame,” he said.

Rutland also doesn’t see it making a substantial contribution to zinc supply in 2025 either.

Once the mine is fully operational, it will add an additional 600,000 metric tons of zinc concentrates per year, accounting for 4.5 percent of total zinc production.

Another mine that may begin to ramp up in 2025, is the Xinjiang Huoshaoyun lead-zinc mine in China. The project has also faced significant delays due to terrain and weather.

“It’s a very large mine in Xinjiang province, which is an extremely difficult place to do mining. It’s very high and subject to extreme weather conditions like sand storms, so it’s been quite a challenge to ramp that mine up as well,” said Smith.

The mine has reserves of over 21 million metric tons and, once in operation, will be the sixth-largest lead-zinc mine in the world.

Investor takeaway

Even though zinc performed well in 2024, its gains weren’t based on supply and demand fundamentals. The market saw weak supply met by weak demand. Barring any rebound in the Chinese or European construction and manufacturing sectors, conditions in 2025 are expected to continue.

For his predictions, Rutland sees the price of zinc remaining flat in the new year and expects it to average US$2,850 per metric ton, with concentrates and refined markets in balance.

Smith shared a similar sentiment with the supply and demand in 2025 but was more optimistic, suggesting the price for zinc could push up to the US$3,300 per metric ton range.

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

This post appeared first on investingnews.com

The Congressional DOGE Caucus’ plans for cutting government waste are shifting into focus after the group’s second-ever closed-door meeting on Wednesday.

Caucus leaders are splitting lawmakers into eight working groups focused on different sectors for waste-cutting. Those will focus on retirement, social and family safety nets, emergency supplemental funding, energy permitting, homeland security, defense and veterans, the workforce, and government operations, according to a document viewed by Fox News Digital.

Co-chairs Aaron Bean, R-Fla., and Pete Sessions, R-Texas, challenged lawmakers in the room to introduce at least one bill related to government efficiency in the 119th Congress.

Both told Fox News Digital that it was just one of the coordinated efforts the caucus is planning as it seeks to be the legislative support for the Department of Government Efficiency (DOGE) being co-led by Elon Musk and Vivek Ramaswamy.

‘We’regoing to aim for a day where we will drop pieces of legislation, a day where we will go on the floor and speak to the American people,’ Sessions told Fox News Digital.

Bean expounded on the idea, labeling it ‘DOGE Days.’

‘We’re going to have a day where we hopefully can draw up 20, 30 bills and all the DOGE members come forward, boom, we’re on them,’ Bean said. ‘We’re going to have great team work and great synergy and momentum.’

They asked attendees to fill out a survey, a copy of which was obtained by Fox News Digital, designating which working groups they would like to be a part of. 

During the closed-door meeting, lawmakers took turns to discuss their own ideas for cutting government waste as well.

Rep. Jay Obernolte, R-Calif., called for a constitutional amendment requiring Congress to balance the federal budget.

And Rep. Jeff Van Drew, R-N.J., suggested cutting off child tax credit eligibility for illegal immigrants.

‘Currently, we’re not nearly careful enough… where illegal aliens are getting a child tax credit, childcare tax credit. That’s ridiculous. You know, so those are my point was those are the easy things to do, the low-hanging fruit,’ Van Drew told Fox News Digital when asked about his meeting comments.

Sen. Joni Ernst, R-Iowa, who is leading the DOGE effort on the Senate side and also attended the Wednesday House meeting, urged lawmakers there to work with their counterparts in the upper chamber on bicameral bills.

Lawmakers have been enthusiastic about the goals laid out by Musk and Ramaswamy’s new panel. Commissioned by President-elect Trump, the group is an advisory panel aimed at recommending where the executive branch can cut government waste.

The DOGE Caucus is a bid to make Trump’s cost-cutting initiatives permanent through legislation.

The group opened and email tip line which Bean and Sessions said has already received over 15,000 emails.

Bean said he was surprised but pleased at the enthusiasm.

Sessions added, ‘I’ve gotten probably 200 letters here that were really typed out, and some were written, that said, ‘Thank you for doing this. I’d like you to hear from me.’ And this is an acknowledgement back to the American people who have skin in the game also.’

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President Biden delivered his farewell address to the nation on Wednesday evening, taking a victory lap for the cease-fire deal between Israel and Hamas and warning Americans about an ‘oligarchy’ in the U.S. that ‘threatens our entire democracy.’

‘My fellow Americans, I’m speaking to you tonight from the Oval Office. Before I begin, let me speak to important news from earlier today. After eight months of nonstop negotiation, my administration –  by my administration — a cease fire and hostage deal has been reached by Israel and Hamas. The elements of which I laid out in great detail in May of this year,’ Biden said in his opening remarks. 

‘This plan was developed and negotiated by my team, and will be largely implemented by the incoming administration. That’s why I told my team to keep the incoming administration fully informed, because that’s how it should be, working together as Americans,’ he continued. 

Israel and Hamas came to a ceasefire agreement on Wednesday that also ensured the release of hostages. A recent meeting between Trump’s incoming Middle East envoy Steve Witkoff and Israeli Prime Minister Benjamin Netanyahu reportedly played a pivotal role in the deal, sources told Fox News Digital.

The president in his farewell address also warned Americans that there is a ‘dangerous concentration of power in the hands of a very few ultra wealthy people.’

I want to warn the country of some things that give me great concern. … That’s a dangerous concentration of power in the hands of a very few ultra-wealthy people. The dangerous consequences if their abuse of power is left unchecked,’ he said. 

‘Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy. Our basic rights, freedoms, and a fair shot for everyone to get ahead,’ he continued.

Biden will officially exit the Oval Office on Jan. 20, when President-elect Trump will be sworn in as the 47th president around noon that day. 

Biden’s speech also focused on the American dream and the ‘most powerful idea’ that ‘all of us are created equal.’

‘The very idea of America was so big, we felt the entire world needed to see. The Statue of Liberty, a gift from France after our Civil War. Like the very idea of America, it was built not by one person, but by many people, from every background and from around the world. Like America, the Statue of Liberty is not standing still. Her foot literally steps forward atop a broken chain of human bondage. She’s on the march and she literally moves,’ he said. 

‘A nation of pioneers and explorers, of dreamers and doers, of ancestors native to this land, of ancestors who came by force. A nation of immigrants came to build a better life, a nation holding a torch. The most powerful idea ever, in the history of the world, that all of us, all of us are created equal. That all of us deserve to be treated with dignity, justice and fairness. That democracy must defend and be defined and be imposed, moved in every way possible. Our rights, our freedoms, our dreams,’ he said. 

Biden continued to call for a series of policies U.S. leaders should implement in the coming years, such as reforming the tax code to ensure billionaires ‘begin to pay their fair share’ and to ‘amend the Constitution to make clear that no president, no president, is immune from crimes that he or she commits while in office.’

‘We need to get dark money, that’s that hidden funding behind too many campaign contributions. We need to get it out of our politics. We need to enact an 18-year … term for the strongest ethics reform … for Supreme Court. We need to ban members of Congress from power, from trading stock while they’re in the Congress,’ he said. 

Biden has spent more than 50 years in public office, making his mark on the national map in 1972, President Richard Nixon’s landslide re-election year, when he beat a Republican incumbent in a long-shot Senate race in Delaware at the age of 29. 

Biden served 36 years in the U.S. Senate, one of the longest Senate careers in the chamber’s history, before joining former President Barack Obama’s ticket during the 2008 election and serving as vice president for eight years. 

‘After 50 years of public service, I gave you my word. I still believe in the idea for which this nation stands. A nation where the strength of our institutions, the character of our people, matter and must endure. Now it’s your turn to stand guard. May you all be the keeper of the flame. May you keep the faith. I love America. You love it too. God bless you all. May God protect our troops. Thank you for this great honor,’ Biden concluded. 

The 46th president defeated Trump during the 2020 election, and was set to square up against him again last year, but abruptly dropped out of the presidential race as concerns surrounding his mental acuity mounted. Vice President Kamala Harris was soon quickly endorsed by Biden and other high-profile Democrats to take up the mantle as the party’s presidential nominee, but lost the election as Trump swept all seven battleground states. 

Biden has been an outspoken and repeated critic of Trump’s, calling him a ‘genuine threat to this nation,’ but vowed to ensure a peaceful transfer of power and that ‘of course’ he will attend Trump’s inauguration.

A Fox News Poll released Wednesday found Trump is the most popular he’s ever been.

The poll found that 52% of voters approve of Trump’s handling of the transition, while 46% disapprove, which is a reversal from 2017 when just 37% approved and 54% disapproved. 

While a CNN poll conducted by SSRS found 36% of Americans approve of the job Biden is doing in the White House, and 64% reporting they disapprove.  

Fox News’ Breck Dumas, Victoria Balara, and Paul Steinhauser contributed to this report. 

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Florida’s Republican Sen. Marco Rubio sailed through his confirmation hearing with the Senate Foreign Relations Committee on Wednesday, all but assuring he will assume the role of top diplomat under the new Trump administration later this month.

Rubio’s confirmation hearing — a process usually full of verbal diatribes, strong political agendas and illusive answers — was full of pleasantries, with both Democratic and Republican lawmakers applauding his work in the Senate and his in-depth knowledge of complex issues across the globe.

Here were the top moments from Rubio’s hearing.

Protests erupt in confirmation hearing for Sen. Marco Rubio

PROTESTERS

While Rubio may have been welcomed by his Senate colleagues, his hearing wasn’t entirely contention-free.

The secretary of state-hopeful’s opening remarks were interrupted by several protesters affiliated with a group known as Code Pink, who were protesting the Israel-Hamas war and wore pink shirts that read ‘stop killing the children of Gaza.’

Two of the demonstrators forced to leave the chamber were male, before a female protester also stood up and yelled out in Spanish. 

She was quickly escorted from the room and the hearing promptly restarted.

‘I get bilingual protesters,’ Rubio said to the panel of senators with a grin before resuming his remarks.

IN JEST

Rubio’s quip about the protesters appeared to set the tone for his hearing.

Though Rubio faced tough questions about detailed geopolitical issues on nearly every continent, lawmakers on both sides of the aisle also joked around with their Senate colleague.

Sen. Rick Scott, R-Fla., introduced Rubio at the top of the hearing and quipped that ‘finally’ he will get to be the senior senator of Florida after the duo have served together in the upper chamber since 2019.

Sen. Cory Booker , D-N.J., drew chuckles when he said, ‘Sen. Rubio, the President [elect] made a great decision in choosing you. You’re a thought leader in foreign policy. I, however, don’t think most Americans know how great of a thought leader you are in NCAA, NFL and high school football, and I’m a little disappointed that you’re not going to the head of the NCAA right now.’

To which Rubio replied, ‘Not yet,’ garnering laughs from the room.

In another bipartisan moment rarely seen during Cabinet nomination hearings, Sen. Tammy Duckworth, D-Ill., told a touching story from one of her first encounters with Rubio — a stark contrast to her questioning of defense secretary nominee Pete Hegseth the day prior. 

In 2018, not only was Duckworth relatively new to the upper chamber, but the soon-to-be new mom was also pushing the congressional body to change its rules and allow new parents to bring their infant onto the Senate floor during a vote.

Duckworth, who is physically disabled after surviving a 2004 RPG attack on her helicopter in Iraq, described rolling across the Senate floor in her wheelchair when she heard someone call out her name. 

‘And you came running down from the top back of the Senate chambers to tell me, ‘I’m with you. I will support you’,’ she said. ‘And I just want to thank you for that kindness… It was a moment of true bipartisanship.’

Rubio responded and said, ‘I think what I exactly said is, ‘What’s the big deal? This place is already full of babies,” once again drawing laughs.

SERIOUS MATTERS

The five-hour hearing wasn’t all fun and levity, as Rubio was pressed on issues with major security implications like the war in Ukraine, China, NATO and Artic security.

Rubio surprised no one with his tough-on-China approach and his commitment to remaining a strong ally of NATO’s.

However, one area senators may have hoped Rubio would have come out more definitively was over what continued support for Ukraine may look like and how the incoming Trump administration will handle the question of Ukraine becoming a NATO member. 

Both Ukraine and Russia have signaled they are open to negotiating a cease-fire. But securing a lasting peace deal could be difficult as Ukraine entering the NATO alliance has been deemed a non-negotiable by both Kyiv — who wants the alliance’s security — and Moscow — which has fervently opposed Ukrainian NATO membership.

‘The truth of the matter is that in this conflict there is no way Russia takes all of Ukraine. The Ukrainians are too brave, and fight too hard, and the country is too big,’ Rubio said.

But he added that ‘there’s no way Ukraine is also pushing these people [Russians] all the way back to where they were on the eve of the invasion.’

Rubio pointed out that Ukraine will not be able to keep up with the sheer number of bodies that Russia can throw in to the war.

‘It’s important for everyone to be realistic. There will have to be concessions,’ he said. ‘This is not going to be easy. ‘[It’s] going to require a lot of hard diplomacy.’

THE CHINA PROBLEM

The security threats surrounding China came up in nearly every issue Rubio was asked to address, including its growing presence in Africa and Latin America, its oppressive practices in the South China Sea, concerns over trade, human rights abuses, tech and its growing relationships with other adversarial nations.

But one issue newer to headlines as of late is China’s involvement in the Panama Canal.

‘This is something that’s existed now for at least a decade in my service,’ he said, referring to a 2017 trip he took to Panama. ‘Chinese companies control port facilities at both ends of the canal — the east and the west. And the concerns among military officials and security officials, including in Panama, at that point, [was] that could one day be used as a choke point to impede commerce in a moment of conflict.’

‘This is a legitimate issue that needs to be confronted,’ Rubio added.

The issue of Chinese control over the major waterway resurfaced earlier this month when Trump refused to say whether he would rule out military intervention in the Panama Canal.

Rubio was pressed on the subject multiple times, though he was clear that he was not yet at a point where he knew enough about the legal parameters of U.S. intervention in Panama to give a thorough response. 

KAINE GUSHES 

Sen. Tim Kaine, D-Va., applauded Rubio for being ‘extremely well-prepared’ for his confirmation hearing as the next secretary of state — a stark contrast to his tense engagement with Hegseth during the hearing a day prior.

‘We’re used to seeing nominees who know a lot about a couple of things, and sometimes, who know very little about virtually everything,’ he said. ‘But I think you’ve seen a hearing with a nominee who — agree or disagree with the points he’s made — he’s not talking out of a briefing book.

‘He’s not having a thumb through a binder to decide how to answer a particular question,’ Kaine continued. ‘I’ve always been struck by working with Sen. Rubio on this committee, since I came to the Senate in January 2013, that he has a very well-developed sense of the world and a passion in all corners of it.’

Kaine’s sentiment appeared to be shared by the entirety of the committee, and many of the senators expressed confidence that Rubio will be unanimously confirmed for the top job.

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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) would like to cordially invite you to visit us at Booth #804 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2025.

During the conference, Skyharbour’s President and CEO, Jordan Trimble, will be giving a Skyharbour corporate presentation on Sunday, January 19 th at 1:30 PM in Workshop 2 and will also be on The 2025 Uranium Forecast panel on Monday, January 20 th at 3:00 PM in the Speaker Hall.

The Vancouver Resource Investment Conference 2025 will feature over 120 expert speakers, including globally respected economists, legendary money managers, and investors.

This year’s conference promises an array of exceptional opportunities, including exclusive keynote sessions featuring 120 renowned speakers, unparalleled networking with over 5,000 industry professionals and investors, and interactive exhibits showcasing groundbreaking innovations across the resource sector. Attendees will gain invaluable insights into the commodities landscape, exploring emerging trends in precious metals, energy, critical minerals, and beyond.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference .

Skyharbour Engages Marketing Firm:

Skyharbour announces it has engaged Winning Media LLC (‘Winning Media’) to provide strategic digital media and consulting services to the Company. Winning Media delivers services to a diverse group of clients across North America, providing strategic digital media services, marketing, advertising and data analytic services. The Company and Winning Media act at arm’s length. Under the terms of the agreement, Winning Media will provide strategic digital media services commencing on January 13 th , 2025 for an expected 6 month term, including marketing services, news dissemination, data analytics services, content development, media buying and distribution, campaign reporting and optimization, as well as potentially attracting option / joint venture partners for business opportunities. The Company shall pay Winning Media an initial cost of USD $35,000 for such services. The engagement of Winning Media remains subject to the approval of the TSX Venture Exchange.

Yurchison Property Option Agreement Update:

The Company announces that the option agreement with Medaro Mining Corp. to acquire the Yurchison property dated November 1 st , 2021, as amended, has been terminated. Skyharbour will retain 100% ownership of the project.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U 3 O 8 over 5.9 metres, including 20.8% U 3 O 8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner Rio Tinto. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:

https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

__________________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
‎Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.


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

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

In this article

    What is quantum computing?

    In simple terms, quantum computing is a form of computing that harnesses the principles of quantum mechanics to process information. Unlike traditional computing, quantum computing does not use binary digits (either 0 or 1), or bits. Instead, quantum computing is based on qubits, which can represent much more information than bits can. Qubits can be both a 0 and a 1 simultaneously, which allows quantum computers to calculate larger datasets much faster than traditional computers.

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

    How does quantum computing work?

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

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

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

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

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

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

    What are the main uses of quantum computing?

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

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

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

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

    Some experts have pointed out that quantum computers have the potential to break most encryption techniques that are currently used for cybersecurity. As quantum computers become more powerful, encryption techniques will need to be replaced with newer quantum-resistant alternatives. Staying one step ahead of the ever-evolving landscape of cybersecurity threats will be crucial.

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

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

    How to invest in quantum computing companies

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

    Major quantum computing stocks

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

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

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

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

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

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

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

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

    Quantum computing startups

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

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

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

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

    Quantum computing ETFs

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

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

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

    Investor takeaway

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

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

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