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White House press secretary Karoline Leavitt offered words of wisdom to young women across the nation from the stage at the Conservative Political Action Conference Friday evening, urging them to ‘stay strong, speak the truth,’ and believe in themselves.

Leavitt sat down for a fireside chat hosted by former White House communications director Mercedes Schlapp, who served during the first Trump administration.

Schlapp said young women across the country admire Leavitt, who is the youngest White House press secretary in United States history and are inspired by her.

Schlapp asked Leavitt what her message to young women is.

‘Stay strong, speak the truth and don’t let anybody tell you that you can’t achieve your dream, or you can’t get to that next step. Just believe in yourself,’ Leavitt said.

‘Because there will be a lot of people who don’t believe in you—who cast doubt on you, who talk bad about you,’ Leavitt said.

‘Screw ‘em,’ she said, drawing laughter and applause from the CPAC audience. ‘It doesn’t matter. It doesn’t matter.’

Leavitt, 27, served in the first Trump administration as a White House press aide. She then worked for Rep. Elise Stefanik, and later launched her own campaign for New Hampshire’s 1st congressional district in 2022. Leavitt served as national press secretary for the 2024 Trump campaign.

But Leavitt also praised the ‘amazing’ women working in the second Trump administration.

‘Look at the White House and look at the exceptional Cabinet President Trump has put together,’ Leavitt said. ‘While we don’t care about identity politics…the president has appointed Susie Wiles, our first female chief of staff in United States history; Brooke Rollins heading up as our secretary of agriculture—look across the entire Cabinet. There are incredible women—Linda McMahon, leading the Department of Education—the list goes on and on.’

‘The White House is full of working women,’ she continued. ‘In fact, I was going up the staircase in the West Wing today and saw two of my female colleagues, both of whom are pregnant having babies this year and they are working and they are saving America because President Trump believes in the best people for the job—the brightest people for the job.’

Leavitt is also a new mother to a seven-month-old baby boy.

‘It is the best thing ever,’ Leavitt said of being a mother.

When asked why she is doing what she is doing, Leavitt replied: ‘For him and for all of the other children in this country.’

‘We have a country to save,’ Leavitt said. ‘I want my son to grow up in a free and patriotic America that we can be proud of.’

This post appeared first on FOX NEWS

Investing

Nuvau Minerals Inc. to Participate in BMO and PDAC Conferences

Nuvau Minerals Inc. (TSXV: NMC) (‘Nuvau’ or the ‘Company’) is pleased to announce that the Company will be participating in two conferences over the next month: the BMO Global Metals, Mining, and Critical Metals Conference and the Prospectors and Developers of Canada Conference (PDAC). The focus at both will be meeting with existing shareholders and new investors to talk about progress at Nuvau’s Matagami Project in Québec.

‘Nuvau is participating in these conferences to share our story with a broader audience,’ said Peter van Alphen, the Company’s Chief Executive Officer. ‘We are looking forward to providing current and new investors with a deeper insight into the Matagami opportunity, including the exploration potential for base metals and gold on this large land package in the Northern Abitibi, as well as the rare opportunity to bring this property back into production in the near term. If you are attending either of these events, please schedule a one-on-one meeting with us or stop at our booth to speak with our team.’

34th Annual BMO Global Metals, Mining, and Critical Metals Conference
Peter van Alphen, CEO, and Steve Filipovic, CFO, will attend the BMO Conference in Florida from February 23-26, 2025, to participate in one-on-one meetings with some of our existing investors as well as new potential investors.

PDAC 2025
The Nuvau team will be at Booth 2349 of the Investors Exchange on Sunday, March 2 to Wednesday, March 5. Nuvau again will use this event to meet with new and current investors to introduce the company and provide an update on current activities.
Peter van Alphen will be presenting at the Québec Day, hosted by the Québec Ministry of Natural Resources and Forests. The presentation will take place on Tuesday, March 4 at 2:35 ET in room 206D in the North Building.

The Matagami Opportunity
The Matagami Mining Camp represents a compelling investment opportunity. Located in the northern Abitibi Greenstone belt in the province of Québec, the Matagami property is in the heart of a region that boasts a history of significant mineral endowment. The exploration potential of the Matagami property is substantial, with over 1,300 km² of highly prospective ground in a region renowned for its base and precious metal deposits.

In addition to the exploration potential, mineral resources have been identified on the property including three deposits collectively referred to as the Caber Complex. These resources represent a potential mine life of nearly 10 years as determined in the PEA prepared by Nuvau.

The property is also unique in the region as it includes extensive existing infrastructure including a permitted, 3,000 tonne per day, processing plant, and the permitted past-producing Bracemac McLeod Mine. This infrastructure will significantly reduce initial capital requirements if the Company reaches the point of restarting production.

About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

For more information go to our website www.nuvauminerals.com.

For further information please contact:

Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Disclaimer & Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-Looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the Agreement. Forward-Looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241898

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Business

Meta approves plan for bigger executive bonuses following 5% layoffs

Executives at Meta stand to get bigger bonuses this year.

The company said in a corporate filing Thursday that it had approved “an increase in the target bonus percentage” for its annual bonus plan for executives. Meta’s named executive officers could earn a bonus of 200% of their base salary under the new plan, up from the 75% they earned previously, according to the filing.

The updated bonus plan doesn’t apply to Meta CEO Mark Zuckerberg, the filing noted.

A committee for Meta’s board of directors approved the change on Feb.13 after determining that the “target total cash compensation” for its executives “was at or below the 15th percentile of the target total cash compensation of executives holding similar positions” at peer companies.

“Following this increase, the target total cash compensation for the named executive officers (other than the CEO) falls at approximately the 50th percentile of the Peer Group Target Cash Compensation,” the filing said.

The disclosure of the new executive bonus plan comes a week after Meta began laying off 5% of its overall workforce. The company had previously said this would impact its lowest performers.

Meta also slashed its annual distribution of stock options by about 10% for thousands of employees, according to a report published Thursday by the Financial Times. The report noted that the stock option reduction may differ based on where the workers live and their position at the company.

Meta shares are up more than 47% over the past year and closed Thursday at $694.84, underscoring investor enthusiasm over the social media company’s growing sales in the digital advertising market and the potential for its artificial intelligence investments to eventually generate big returns.

The company said in January that its fourth-quarter revenue grew 21% year over year to $48.39 billion.

Meta did not reply to a request for comment.

This post appeared first on NBC NEWS

Business

SEC dropping crypto lawsuit, Coinbase says

The largest U.S.-based cryptocurrency exchange said Friday that the Securities and Exchange Commission would drop its lawsuit against it, a signal that the Trump administration plans to take a friendlier approach to the broader crypto industry.

In a release it titled ‘Righting a major wrong,’ the exchange, Coinbase, said SEC staff had agreed in principle to dismiss a suit filed during the Biden administration. The suit accused Coinbase of acting as an unregistered securities broker.

The agency must still vote to formally drop the suit.

A representative for the SEC declined to comment on Coinbase’s announcement.

‘I think it is a really important signal that a small group of activists in the prior administration who tried to unlawfully attack this industry — we are able to turn page on that and finally get regulatory clarity in America,’ Coinbase CEO Brian Armstrong said in an interview on CNBC on Friday morning.

Coinbase shares were up 5% in premarket trading. Bitcoin prices were up 1%.

The move to drop the suit would serve to make good on President Donald Trump’s campaign commitment to roll back the strict enforcement of the crypto industry that occurred under then-President Joe Biden. Trump has promised to make the United States the ‘crypto capital of the world,’ and has launched his own meme coin.

In its original suit, the SEC said Coinbase’s alleged actions were depriving investors of ‘critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.’

“You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones: the consequences for the investing public are far too great,” Gurbir S. Grewal, director of the SEC’s Division of Enforcement, said at the time.

To date, the SEC has not categorized bitcoin as a security. The crypto industry has long complained that, under former Chair Gary Gensler, the agency took an overly critical posture toward the industry while failing to provide clear ‘rules of the road’ and work with it to develop a means for it to operate legally.

Lawsuits against two other exchanges, Binance and Kraken, are still pending.

‘We tried to ‘come in and register’ but it turned out it was a fake offer, as every crypto company discovered,’ Armstrong wrote in a separate post on X on Friday, referring to the Biden administration’s previous actions concerning the crypto industry.

‘Regulators are supposed to enforce the law, but they can’t make up new laws on the spot if they don’t like the current ones, or weaponize a lack of clarity in the law.’

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Politics

Remains of Shiri Bibas, mom of two killed, allegedly returned to Israel following Hamas’ broken promise

The body of a woman who was presumed to have been one of four slain hostages murdered in cold blood by Hamas and handed over to Israel this week was allegedly turned over by the terror group on Friday.

Hamas handed over a coffin allegedly carrying the remains of Shiri Bibas to the Red Cross.The coffin was then turned over to Israeli authorities, who will transport it to the National Institute of Forensic Medicine for identification.

The development follows Israel’s demand for the return of Bibas’ body after discrepancies were found in a previous transfer on Thursday.

Bibas was initially believed to have been one of four hostages handed over to Israel on Thursday, following confirmation by Hamas. However, Israel’s National Institute of Forensic Medicine could only verify the identities of her two children.

It was discovered that the body in a coffin bearing Shiri Bibas’ name and photo was an unidentified woman, and not the kidnapped mother of two, causing widespread outrage in Israel.

The two children were identified as Ariel and Kfir Bibas, ages four and ten months, who were killed by Hamas terrorists with their bare hands, Israel said. The fourth body was not identified but was believed to be Oded Lifshitz, a retired journalist and activist.

The Israel Defense Forces said it was in contact with the Bibas family.

‘For months, we prayed for the Bibas babies to come home. Yesterday, our worst nightmare was confirmed,’ IDF Spokesperson Rear Adm. Daniel Hagari said, ‘Kfir and Ariel were murdered in cold blood. The terrorists didn’t shoot them—they killed them with their bare hands. Then, they committed horrific acts to cover up their crimes.’

In response to the findings, the Hostages and Missing Families forum said it was ‘shaken to the core by the horrifying findings.’

‘This barbaric act is yet another undeniable testament to the unfathomable brutality of those who continue to hold our loved ones captive,’ the group said in a statement. ‘The very same hands that slaughtered Ariel and Kfir are the ones keeping our fathers, mothers, sons and daughters in unimaginable conditions.’

‘Today is a tragic day,’ Israeli Prime Minister Benjamin Netanyahu said Friday. ‘It’s a day of boundless sorrow, of indescribable pain. Four-year-old Ariel Bibas, his baby brother one-year-old Kfir, and 84-year-old Oded Lifshitz were brutally murdered by Hamas savages.’

Danny Danon, Israel’s ambassador to the United Nations, said that Hamas ‘continues to violate every basic moral value,’ even after the death of the two children.

‘Instead of returning Shiri, the mother of Kfir and Ariel, Hamas returned an unidentified body, as if it were a worthless shipment. This is a new low, an evil and cruelty with no parallel,’ he added.

The young boys and their mother were abducted from their home by Hamas terrorists during the terror group’s deadly Oct. 7, 2023 attack. Yarden Bibas, Ariel and Kfir’s father, tried to protect them and was abducted prior to the kidnapping of his wife and children, the IDF said.

Hamas hands over bodies of 4 slain Israeli hostages

Yarden returned as part of the agreement for the return of the hostages on Feb. 1. Netanyahu said that Hamas will pay ‘the full price’ for not following through with returning Shiri Bibas’ body.

‘God will save their blood, and we will take revenge, too,’ he said.

Fox News’ Yonat Friling contributed to this report.

This post appeared first on FOX NEWS

World

Mexico announces arrests of alleged high ranking Sinaloa Cartel members

Mexican authorities arrested two alleged high ranking members of the notorious Sinaloa Cartel this week, just days before the Trump administration designated that group and others based in Mexico as foreign terrorist organizations.

The list includes transnational gangs MS-13 and Tren de Aragua, as well as several cartels including the Sinaloa, Jalisco, Zetas, and Gulf cartels, Cartel Unidos, and La Nueva Familia Michoacana (LNFM).

Jose Angel Canobbio Inzunza was arrested in the city of Culiacán in northwest Mexico Wednesday, according to Omar Hamid García Harfuch, secretary of Security and Citizen Protection of Mexico.

According to the US Department of Justice (DOJ), Canobbio Inzunza was allegedly the right-hand man for one of the sons of Mexican drug lord Joaquin Guzman, otherwise known as “El Chapo.”

Canobbio Inzunza was indicted by a Chicago grand jury in November for allegedly manufacturing cocaine, fentanyl and other drugs and importing them into the United States.

He reportedly worked with “El Chapo’s” son Ivan Archivaldo Guzman Salazaar and his three brothers, who together are known as the “Chapitos” in the Sinaloa Cartel.

“The indictment states that Canobbio Inzunza financed and led an armed security group known as ‘Los Chimales,’ which provided security for the Guzman faction of the Sinaloa Cartel and engaged in armed conflict to assist the Chapitos in importing drugs into the United States,” the DOJ said.

On Thursday, Mexico also arrested Kevin Alonso “N,” in Culiacán, Sinaloa, according to Harfuch.

“In a joint operation, the Mexican Army, National Guard, and Air Force arrested Kevin Alonso ‘N,’ alias ‘200,’ in Culiacán, Sinaloa,” Harfuch wrote on X, alleging that ‘200’ managed security for the leader of a faction known as Los Chapitos, and coordinated the group’s purchase of weapons and ammunition.

“Arrests and operations will continue with the goal of reducing the violence in Sinaloa caused by criminal groups,” Harfuch added.

On February 8 Mexican forces also arrested Mauro “N,” in a deadly armed confrontation.

According to Harfuch, he is “an aviator pilot and key operator within a criminal cell responsible for violence in the region. He has been identified as a trusted confidant of the group’s leader.” A Mexican Army soldier was killed in the confrontation.

Mauro “N” “is linked to attacks and clashes with authorities, as well as drug trafficking to the United States,” Harfuch added.

Mexican President Claudia Sheinbaum has expressed concern over the US decision to designate certain criminal groups in her country as terrorist organizations. She said Thursday that decision was not undertaken in consultation with her government.

“What we want to make clear with this designation is that we do not negotiate sovereignty, this can’t be an opportunity by the United States to invade our sovereignty,” Sheinbaum said.

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Politics

Kash Patel takes reins at scandal-ridden FBI with ‘America always’ mindset: ‘Let good cops be cops’

After being confirmed by the U.S. Senate, President Donald Trump’s new FBI Director Kash Patel is not wasting any time in taking the reins at the country’s top investigative agency, which has been marred by recent scandals and a breakdown in public trust.

Even before being sworn in to begin his 10-year term later this afternoon, Patel will be spending the day meeting with his new staff at the FBI’s J. Edgar Hoover Building.

Patel has previously said that he would shut down the FBI building on day one. Though there is no indication that Patel plans to do that today, he is expected to make some changes. These include moving agents and other employees into the field and working to instill transparency between the agency and the public.

In his first statement to Fox News post-confirmation, Patel said that his mission is clear: ‘Let good cops be cops—and rebuild trust in the FBI.’

Patel was confirmed Thursday afternoon in a narrow 51-49 vote in the Senate. He faced staunch opposition from Democrats who accused him of wanting to reform the FBI for the sake of political interests.

Rank-and-file agents, however, have expressed to Fox that they agree change is needed, but many are waiting to see how far Patel will go.

The FBI under the Biden administration’s leadership has faced repeated scandals over the last four years.

Among those was when former FBI Director Christopher Wray faced backlash amid the attempted assassination against Trump when he appeared before the House Judiciary Committee and cast doubt on whether the president was struck by a bullet or just shrapnel.

In January 2023, conservative lawmakers slammed an internal FBI memo from the Richmond field office titled ‘Interest of Racially or Ethnically Motivated Violent Extremists in Radical-Traditionalist Catholic Ideology Almost Certainly Presents New Mitigation Opportunities.’

The memo identified ‘radical-traditionalist Catholic[s]’ as potential ‘racially or ethnically motivated violent extremists’ and said that ‘racially or ethnically motivated violent extremists (RMVEs) in radical-traditionalist Catholic (RTC) ideology almost certainly presents opportunities for threat mitigation through the exploration of new avenues for tripwire and source development.’

The DOJ and FBI were also heavily criticized by parents nationwide in 2021 when Attorney General Merrick Garland issued a memo directing the FBI to use counterterrorism tools related to parents speaking out at school board meetings against transgender-related issues and critical race theory curricula.

Speaking at CPAC on Thursday night, Elon Musk said that he is hopeful Patel will get to the bottom of the assassination attempt, earning cheers from the crowd.

After being confirmed, Patel said that the ‘politicization of our justice system has eroded public trust—but that ends today.’

‘American people deserve an FBI that is transparent, accountable, and committed to justice,’ Patel said. ‘Working alongside the dedicated men and women of the Bureau and our partners, we will rebuild an FBI the American people can be proud of. And to those who seek to harm Americans—consider this your warning. We will hunt you down in every corner of this planet. Mission First. America Always. Let’s get to work.’

Patel will be sworn in as the ninth director of the FBI outside the Hoover Building at 4 p.m. on Friday. Vice President JD Vance is expected to be present for the swearing-in ceremony.

Fox News Digital politics reporter Emma Colton contributed to this report.

This post appeared first on FOX NEWS

Politics

Bondi says Epstein client list ‘sitting on my desk right now,’ and is reviewing JFK, MLK files

U.S. Attorney General Pam Bondi on Friday said the Jeffrey Epstein client list is ‘sitting on my desk right now’ and she is reviewing the JFK and MLK files as well after President Donald Trump’s earlier directives.

‘It’s sitting on my desk right now to review,’ Bondi told ‘America Reports’ host John Roberts on Friday. ‘That’s been a directive by President Trump.’

Bondi also stated she is ‘reviewing’ the JFK and MLK files, which the president signed an executive order to declassify at the start of his second term.

‘That’s all in the process of being reviewed, because that was done at the directive of the president from all of these agencies,’ Bondi said.

When asked if she had ‘seen anything,’ Bondi responded, ‘Not yet.’

Trump’s return to the Oval Office came with the prospect of the public finally being able to see Epstein’s long-awaited ‘black book’ amid inquiries into the deceased financier and sex trafficker.

Epstein, a 66-year-old millionaire financier with a private island in the U.S. Virgin Islands and mansions around the country, died in federal custody in 2019 while awaiting trial on sex trafficking charges.

Bondi herself advocated for the release of the Epstein list in 2024, telling Sean Hannity at the time, ‘It should have come out a long time ago.’

Shortly after kicking off his second term, Trump signed an executive order to declassify files on the assassinations of President John F. Kennedy, his brother Robert F. Kennedy and civil rights icon Martin Luther King Jr.

‘Everything will be revealed,’ Trump told reporters as he signed the order in the Oval Office.

Trump had previously promised on the campaign trail to declassify the documents upon entering his second term, saying at the time, ‘When I return to the White House, I will declassify and unseal all JFK assassination-related documents. It’s been 60 years, time for the American people to know the TRUTH!’

Earlier this month, the Director of National Intelligence (DNI) and the attorney general reached their deadline to release their proposed plan for the declassification of the JFK files.

The FBI announced shortly thereafter that it had uncovered thousands of records connected to the JFK assassination. Axios initially reported that the agency had released 2,400 records tied to the Nov. 22, 1963, assassination of Kennedy, which were not provided to the board that reviewed and disclosed the files.

It was upon DNI’s plan submission to release the files that it reportedly disclosed the records’ existence.

Fox News confirmed at the time with a person familiar with the records that the files were uncovered during the review.

Fox News’ Greg Wehner and Patrick Ward contributed to this report.

This post appeared first on FOX NEWS

World

Israel preparing to receive coffin said to contain remains of Shiri Bibas

Israeli authorities say they are preparing to receive the remains of a body said to be that of hostage Shiri Bibas.

A coffin is currently in the hands of the Red Cross and on its way to Israel, a spokesperson for the Israeli Prime Minister’s Office confirmed on Friday.

A spokesperson for the Israeli police said they are preparing to escort the coffin to the Abu Kabir Forensics Center.

Hamas-run Al-Aqsa news reported on Friday that Hamas had handed over what it described as Bibas’ body to the Red Cross, citing Hamas leader Mahmoud Mardawi.

Bibas had been expected to be among the four hostage bodies returned by Hamas on Thursday.

After that handover, the Israeli military confirmed that Shiri’s young sons Kfir and Ariel and another captive Oded Lifshitz were among the bodies. However, during the identification process, it was determined that one of the bodies received was not that of Shiri Bibas, and did not match with any other Israeli hostage.

The Israeli Ministry of Health said that doctors and laboratories with the National Center for Forensic Medicine were preparing to identify the body with “speed and sensitivity.”

It urged the public to avoid spreading rumors and rely only on official sources, emphasizing the need to respect the family’s privacy during this “sensitive time.”

This is a developing story and will be updated.

This post appeared first on cnn.com

Investing

i-80 Gold Releases PEAs for Cove and Archimedes Projects in Nevada

In the past week, i-80 Gold (TSX:IAU,NYSEAMERICAN:IAUX) has announced preliminary economic assessment (PEA) results for both its Cove and Archimedes underground gold projects in Nevada, US.

According to the company, the PEAs confirm that the assets will be able to play key roles in a hub-and-spoke mining and processing strategy that will leverage i-80’s Lone Tree autoclave facility.

Cove, located along the Battle Mountain-Eureka trend, is expected to operate for about eight years, producing an average of 100,000 ounces of gold annually following ramp-up activities.

Mine construction capital for the property is estimated at US$157 million, with life-of-mine sustaining capital projected to come in at US$49 million. The company expects production to ramp up during 2029.

Meanwhile, Archimedes, which is part of the Ruby Hill Complex, is projected to operate for approximately 10 years, producing an average of 100,000 ounces of gold annually after it ramps up.

Mine construction capital is estimated at US$49 million, with life-of-mine sustaining capital of US$106 million.

According to CEO Richard Young, the positive PEAs for Cove and Archimedes validate i-80’s strategy of developing multiple high-grade underground mines that will supply ore to a central processing facility at Lone Tree.

“The results validate our planned regional hub-and-spoke model of feeding a central processing plant with high-grade material from three underground mines, which is expected to form the production base for i-80 Gold moving forward,” he said in the Cove PEA announcement, which was came out on February 12.

The CEO also said Cove is expected to be the first of these underground deposits to enter production, delivering high-margin ounces at a relatively low cash cost. Transportation costs from Archimedes to the autoclave facility will be higher, and grades will be lower compared to i-80’s other underground assets, but its contribution is expected to be meaningful.

Young added that the projects provide significant gold price leverage and offer substantial exploration upside.

Both assets will utilize long-hole open stoping with delayed backfill as the primary mining method.

Permitting at Cove is well advanced, with activities expected to take around three years. The company continues to work closely with regulators to finalize operational permits ahead of the planned development schedule.

At Archimedes, a phased permitting approach is being implemented.

The first phase, covering mining activities above the 5,100 foot elevation, is nearing completion and will allow for mining through June 2027. The second phase, covering deeper mining activities, is expected to be approved by mid-2027.

Moving forward, i-80 is looking to complete infill drilling and advanced metallurgical work at Cove, with plans for a feasibility study by the fourth quarter of this year. At Archimedes, the company is aiming to release an updated resource estimate in 2028. The plan is to include 50,000 meters of drilling targeting the 426 zone and the Ruby Deeps deposit.

‘In the coming weeks, we look forward to releasing updated PEAs for Granite Creek (both open pit and underground) and the Ruby Hill Complex (Archimedes underground and Mineral Point open pit),’ Young also said.

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

This post appeared first on investingnews.com