Breaking
Start Your Investing
Author

admin

Browsing
Investing

StrategX Discovers High-Grade Copper at East Arm, Great Slave Lake, Northwest Territories, Canada

StrategX Elements Corp. (CSE: STGX) (‘StrategX’ or the ‘Company’) is pleased to announce the discovery of high-grade copper mineralization at its East Arm Copper Project (‘East Arm’). Recent surface sampling has returned copper values ranging from 1% to 10%, underscoring significant exploration potential within a 2-km corridor of sedimentary-hosted mineralization accessible from the Great Slave Lake. Encouraged by these results, the Company has expanded its property position by staking an additional 6,425 hectares in the area.

StrategX’s copper targets at East Arm are situated along a major continental-scale craton margin, hosted in Paleoproterozoic sediments, and occur on trend with the Pine Point Zinc mine, currently being developed by Osisko Metals. For further details, refer to Figures 1-4.

Key Highlights:

  • High-Grade Copper Mineralization: Surface rock chip samples have returned copper values of up to 10.1% Cu, with mineralization hosted in Paleoproterozoic sediments along the Murky Channel Fault. The results align with a sedimentary-hosted copper deposit model.
  • Significant Copper & Silver Values: Copper mineralization includes chalcocite and covellite-both key high-grade copper minerals-accompanied by elevated silver values up to 54.5 g/t.
  • Advancing Exploration: StrategX is compiling historical exploration data to refine targets and design a modern drill-focused exploration program. Historical surface sampling has reported copper values ranging from 2% to 35% Cu over a 2-km trend (see Figures 2 & 3).

A summary of the recent high-grade copper assay results from the Company’s sampling program is presented in Table 1.

Table 1 – StrategX Assay Results (2024)
Northing Easting Silver
(Ag) ppm		 Copper
(Cu) ppm		 Copper (Cu) %
488362 6903463 24.9 >10000 1.28
488374 6903459 54.5 >10000 5.11
488415 6903479 7.0 >10000 6.05
488440 6903303 0.7 336 0.03
488395 6903282 1.9 267 0.03
488384 6903272 1.4 661 0.06
488376 6903258 2.8 1320 0.13
488432 6903261 1.1 52.5 0.01
488444 6903278 0.6 249 0.03
488483 6903343 10.0 >10000 2.65
488559 6903391 42.6 >10000 10.10
488585 6903403 33.2 >10000 2.91

 

East Arm Copper Project Overview

The East Arm Copper Project is easily accessible, located 315 km northeast of Hay River Harbour, a major transportation hub connecting to Alberta via highway. StrategX’s mineral claims can be reached by boat, with the nearest community, Łutselk’e, accessible via a 45-minute scheduled flight from Yellowknife (see Figure 1).

Recent fieldwork on the westernmost area of East Arm has confirmed high-grade copper hosted in brecciated sediments, expanding the known footprint of copper showings (Figures 2 & 3). The area has not been explored since the 1970s, when isolated historical blasted trenches revealed highly anomalous copper values. Historical reports also describe extensive chalcopyrite, bornite, and chalcocite mineralization, though no assay data was recorded. Figure 4 provides photos of high-grade copper mineralization observed in recent surface rock samples collected by the Company.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8512/241584_8cbca75574e36baa_005.jpg

 Figure 1: Location of the East Arm Copper Project and recent staking completed in the Murky Channel high-grade copper target area

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/241584_8cbca75574e36baa_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8512/241584_figure2_550.jpg

Figure 2: Location of high-grade copper showings at Murky Channel area.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/241584_figure2.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8512/241584_figure3_550.jpg

Figure 3: A view to the northeast of the East Arm Copper showings along the Murky Channel Fault.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/241584_figure3.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8512/241584_figure4_550.jpg

Figure 4: Photos 1, 2, 3a-b are referenced in Figure 2 as to their location in the field.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/241584_figure4.jpg

Next Steps

  • Detailed petrographic analysis of copper mineralization and sedimentary host rock.
  • Ongoing compilation of historical data to refine drill targets.
  • Comparative studies of world-class sedimentary-hosted copper deposits to assess potential.
  • Complete surface geochemical and geophysical surveys.
  • Geological mapping and prospecting to further delineate high-priority targets.

StrategX is excited to advance field exploration at East Arm in the coming months, with the goal of defining drill targets and potentially discovering a significant high-grade copper deposit in the Northwest Territories.

Importance of Copper

  • Key to the Green Energy Transition – Copper is essential for electric vehicles, renewable energy systems, and global electrification, playing a crucial role in building a sustainable future.

  • Rising Demand vs. Limited Supply – Global demand for copper is projected to significantly exceed supply, driven by infrastructure expansion, electrification, and technological advancements.

  • Aging Mines & the Need for New Discoveries – Many of the world’s largest copper mines are reaching depletion, increasing the urgency for new high-grade deposits.

  • Scarcity of High-Grade Copper – Industry experts highlight that high-grade copper deposits are becoming increasingly rare, making new discoveries highly valuable.

  • Market Growth & Investment Potential – Copper prices have trended upward again, above US$4 per lb (the record all-time high was $5.20 per lb in May of 2024), fueled by supply shortages, growing industrial demand, and its critical role in the global economy.

Qualified Person

The geological and technical data contained in this press release were reviewed and approved by the Vice President – Exploration for StrategX, Gary Wong, P.Eng., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Analytical Methods & QA/QC Protocols

Grab samples, by their nature, are selected samples and may not be indicative of underlying mineralization.

The analytical work reported herein was performed by ALS Global (‘ALS’), Vancouver, Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geochemistry laboratory and is independent of the Company and the QP.

Samples were crushed entirely to 70% passing – 2mm, 250g split off and pulverized to better than 85% passing 75 microns. Multi-Element Ultra Trace uses a four-acid digestion performed on 0.25g sample to quantitatively dissolve most geological materials, culminating in analytical analysis performed with a combination of ICP-AES and ICP-MS (method ME-MS61). Overlimit samples (> 10,000 ppm Cu) were then subjected to Cu-OG62 method, which uses a four-acid digestion and an ICP finish on a 0.4g sample.

No external QA/QC samples were inserted because of the relatively small program size and the fact that these were field grab samples.

About StrategX

StrategX is an exploration company focused on discovering critical metals in northern Canada. With projects located on the East Arm of the Great Slave Lake (Northwest Territories) and the Melville Peninsula (Nunavut), the Company is pioneering new discoveries in these underexplored regions. By integrating historical data with modern exploration techniques, StrategX provides investors with a unique opportunity to participate in new critical metal district discoveries. These essential metals play a key role in global electrification, the green energy transition, and national supply chain security. For the latest updates and insights, visit our Investor Portal.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
info@strategXcorp.com
Phone: 604.379.5515

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulation services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241584

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
Keep Reading
Investing

Asara Raises $2.3M in Placement to Underpin Exploration Program at Kada and Makes Executive Changes

Asara Resources Limited (ASX: AS1; Asara or Company) is pleased to announce that it has signed a binding Subscription Agreement with Barbet L.L.C FZ (Barbet) to raise $2.3m (Placement) which affirms Barbet’s commitment to the Company and its flagship asset, the Kada Gold Project in Guinea (Kada).

Following completion of the Placement, Mr. Timothy Strong has stepped down as Managing Director and Mr. Matthew Sharples has been appointed Chief Executive Officer. Mr. Strong will remain on the Board as Executive Director – Corporate Strategy & Affairs.

Executive Director, Tim Strong commented:

‘’We are pleased that Barbet have continued to show their commitment to the Company and its flagship Kada project by participating in a further Placement. This Placement will allow the Company to fastrack its exploration efforts.

I am also delighted to welcome Matt Sharples to the management team. Matt, who joined the Company as a consultant in October 2024, has been instrumental in recommencing operations at Kada. Matt provides a wealth of knowledge, and an undeniable passion for Guinea and I look forward to supporting him as we move the Kada project through the value chain towards a feasibility study. Both Matt and I are confident of the resource potential of Massan and the surrounding areas which will be drill tested in the coming months.’’

Placement Details

The Placement is comprised of the issue of 104,517,541 fully paid ordinary shares (Placement Shares) at an issue price of $0.022 raising $2,299,385.90 (before costs). per share. Following the Placement, Barbet holds 19.89% of the Company.

The proceeds of the Placement will be applied towards an upcoming drill program and exploration activities at Kada and general working capital. The Placement Shares will be issued under the Company’s existing placement capacity under ASX Listing Rule 7.1, and accordingly no shareholder approval is required. The Placement Shares will rank pari passu with existing securities on issue.

Executive Changes

Chief Executive Officer

Matthew has been appointed Chief Executive Officer, effective 14 February 2025. Matthew Sharples is a mining professional with over 20 years of experience in mine development, investment consulting and M&A. Matt specialises in the geological evaluation and development of gold projects, with a particular focus on project development from the initial stage to production.

Matt was Co-Founder and CEO of the private mining fund Sycamore Mining. Under his stewardship, the group’s flagship asset, the Kiniero Mine (Guinea), grew from a total resource base of 1.5Moz Au to 3.5Moz Au (JORC) and was sold to Robex Resources in 2022 for a project valuation of US$160m. Matt has worked worldwide in the mining and resources industry, in the UK, Africa, Asia and Australia, with Robex, Sycamore, Wood Mackenzie, Xstrata and BHP Billiton.

Matt holds an MSc in Basin Evolution and Dynamics, Royal Holloway, University of London, United Kingdom, and a BSc in Geology, University of Durham, United Kingdom. Matt is a director and shareholder of substantial shareholder, Barbet L.L.C FZ.

The material terms of Matthew Sharple’s employment agreement are as follows:

Click here for the full ASX Release

This post appeared first on investingnews.com
Keep Reading
World

What China fears most about Trump’s turn toward Russia

US President Donald Trump’s push to end the war in Ukraine appears poised to hand key concessions to Russia, leaving Kyiv and its European supporters on the sidelines as they face the prospect of a peace deal made over their heads.

But they aren’t the only major players grappling with the fallout of Trump’s pivot to Russia that has upended years of US foreign policy in a burst of rapid-fire diplomacy.

In Beijing, too, the breakneck turn of events is seen to be raising questions about how the US peace drive will impact Chinese leader Xi Jinping’s carefully wrought partnership with Russian President Vladimir Putin – and China’s precarious relations with the Trump administration.

Just weeks ago, China appeared set for a key role in Trump’s Ukraine peace efforts. The US leader had repeatedly suggested he could work with Xi, using China’s economic sway over Russia to help end the conflict – important leverage for Beijing as it aims to avert a trade war with the world’s largest economy.

That would have aligned with Beijing’s longstanding efforts to present itself as a neutral party and voice of the Global South that is ready to broker peace in the grinding conflict – even as NATO accused it of supplying Moscow’s defense industry with dual-use goods. China defends its “normal trade.”

Now, Beijing finds itself neither involved in the negotiations as a Russian ally nor a voice of global gravitas – so far, at least, left on the outside of the swift developments that observers say have surprised Chinese officials – and sent them scrambling to find an upside.

A ‘reverse Nixon’?

The stakes are high for Xi, who for years has assiduously cultivated both a personal bond with his “old friend” Putin and his country’s relations with Russia – seeing his northern neighbor as a pivotal partner in a larger power struggle with the West.

The Chinese leader took a calculated risk as Russian tanks rolled over the Ukrainian border three years ago. His choice not to condemn that invasion and have his country serve as Putin’s lifeline – lapping up Russian oil and supplying Moscow with key goods – lost Beijing the trust of Europe and galvanized American allies in Asia to work more closely with NATO.

Chinese officials in recent days have voiced approval of the “agreement” between the US and Russia to start peace talks.

“China supports all efforts conducive to peace talks,” top diplomat Wang Yi said at a meeting of the United Nations Security Council Tuesday, the same day top Russian and US officials met in Saudi Arabia to lay the groundwork for negotiations on ending the fighting in Ukraine.

But comments from American officials in recent days are likely to have drawn attention from Beijing to potential underlying US objectives as it works with Russia.

Top US diplomat Marco Rubio named the possibility for future “geopolitical and economic cooperation” between Washington and Moscow as among four key points discussed in Riyadh.

Days earlier, the Trump administration’s Russia-Ukraine envoy Keith Kellogg told a panel discussion in Munich that the US hoped “to force” Putin into actions he was “uncomfortable with,” which could include disrupting Russia’s alliances with Iran, North Korea – and China.

Observers are skeptical that Washington could shatter the Russia-China relationship, given their deep alignment against the US-led order and Moscow’s entrenched economic dependence on Beijing.

But any worries that may be playing out in China about whether Trump – a leader who’s repeatedly professed his admiration for both Putin and Xi – could unwind their bond is likely underscored by the echoes of past mistrust between the neighbors.

Bitter territorial disputes along their lengthy shared border erupted in conflict between Soviet Russia and a young People’s Republic of China in 1969 and were only largely resolved in the 1990s.

Then there’s the diplomatic coup engineered by President Richard Nixon and his adviser Henry Kissinger, who exploited a split between the Communist-ruled neighbors to establish relations with Beijing and swing the Cold War balance of power in the US’ favor.

Though that history is unlikely to be repeated, observers say even a hint of a new shift in allegiances is a boon for Washington’s goals.

“Even if it’s just 30% of a ‘reverse Nixon’ … that’s going to sow the seeds of doubt,” said Yun Sun, director of the China Program at the Stimson Center think tank in Washington.

“That’s going to make Xi Jinping question the strategic alignment that (he spent) the past 12 years to build with Russia – ‘maybe it’s not that dependable, maybe it’s not so solid.’”

If a day comes that China decides to invade Taiwan then, “the Chinese will have to look at their back and wonder – what is Russia going to do?” she added, referring to the self-ruling democratic island Beijing claims. “And for the United States, that’s deterrence.”

A place at the table?

But others say Beijing may have greater confidence in its ties with Moscow.

“Chinese and Russian relations are in a league of their own, they have a strong basis and strong institutional connections in the past decades,” said Yu Bin, a senior fellow at the Russian Studies Center of the East China Normal University in Shanghai.

Yu pointed to the two countries’ efforts to push for multilateralism and build out their own international organizations like BRICS and the Shanghai Cooperation Organization, as well as the need to maintain their own border stability. “I don’t think either side would let that go because Trump is there for four years,” he said.

Instead, China is worried “that once Russia and the US patch up their differences and achieve some degree of peace in Ukraine, that would free the Trump administration to turn its focus to China,” Yu said.

US Secretary of Defense Pete Hegseth signaled as much last week, when he told European counterparts the US can’t focus primarily on security on their continent when it must prioritize “deterring war with China.”

Had Trump been unable to engage Putin directly, Beijing may have tried to ease some frictions with the US by working with Washington on bringing the Russian leader to the table – but now it’s unclear whether China will take any role in future Ukraine peace negotiations.

However, observers say that if an accord is reached, Beijing could send peacekeeping forces to Ukraine via the United Nations and would be keen to play a role in the country’s reconstruction.

For now, Chinese officials have used a flurry of diplomacy in recent days to try and win back love lost with Europe – calling in public statements for “all relevant parties and stakeholders involved in the Ukraine crisis” to “engage in the peace talks process,” in a nod to Europe’s right to a seat at the table.

At the same time, they’ve also looked to play up their potential to take a role, while implying that Trump’s apparent turn to Putin proves Beijing’s stance was correct all along.

Meanwhile, Ukraine, has raised the prospect that it could try and recruit China as its own ally.

Ukrainian President Volodymyr Zelensky, who has received little attention from Beijing since the start of the war, suggested as much following a Saturday meeting between top Chinese diplomat Wang and Ukrainian officials in Germany.

“It is important for us to engage China to help put pressure on Putin to end the war. We are seeing, I think, for the first time, China’s interest,” Zelensky told a news conference Tuesday. “This is mostly due to the fact that all the processes are now accelerating.”

As to who should be at the negotiating table, the Ukrainian leader added it should be countries “ready to take responsibility for guaranteeing security, providing assistance, stopping Putin, and investing in Ukraine’s recovery.”

This post appeared first on cnn.com
Keep Reading
Investing

Lode Gold Sets Date for Shareholder Meeting to Approve Plan of Arrangement for Spinout Monday, March 10, 2025 at 10AM MST

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce that a shareholder meeting has been scheduled to approve the plan of arrangement for the tax-efficient spinout of Gold Orogen. The meeting will take place on Monday, March 10, 2025, at 10:00 AM MST. Details regarding Lode Gold’s Annual General Meeting (AGM) are available on our website: https:lode-gold.cominvestors2024-agm.

The two companies will trade as separate entities upon court filing with the court, 5 to 10 days after shareholder and TSX-V approval.

Before the Record Date, all Lode Gold shareholders will receive Gold Orogen spinout shares. The Company plans to close its private placement by March 10, 2025. Each $0.18 unit includes one common share and a warrant, allowing the holder to buy a share at $0.35 for three years after closing.

Upon completion of the spin-off, the Companies will be structured as follows:

Gold Orogen (Spin Co.)

Gold Orogen is an exploration pure play with two choice assets. Both assets are located in highly prospective areas and each can potentially be a company maker and a standalone asset.

Asset 1:

  • 27 km strike, 99.5 km2 in Yukon, prolific Tombstone Belt (Snowline, 3 Aces, Rackla)
  • Total of 4 Reduced Intrusive Targets (RIRGS similar to Snowline)

Confirmed on WIN:

  • Signature host rocks, hornfels and reduced intrusives
  • High bismuth to gold ratio, gold-bearing sheeted quartz veins

Asset 2:

  • New Brunswick: created one of the largest land packages at 445 km2
  • Geological analogue to New Found Gold, Galway, Calibre Mining
  • Confirmed gold endowment – mineralized rhyolites (same geology as Puma-Kinross)

Lode Gold (Parent): Underground Mine Potential (previously mined at 10.7 g/t Au)

The Fremont Gold project is located on the Mother Lode Belt Lode Gold on patented private land in Mariposa County. Lode Gold is the first owner since mining suspension in 1942, to evaluate the project as an underground opportunity.

  • Fremont: 4km strike on the Mother Lode Belt
  • Private patented land: 3,351 acres, 100% owned in Mariposa County (Need County Approval; 5 Supervisors oversee County*) *County: 17,000 and Town: 2,000 people
  • Mariposa is designated as one of Trump Administration’s Opportunity Zones, designated for expedited investments and tax incentives
  • California: 700 permitted mines; 14 gold mines
  • Target: 2 Moz underground 4 g/t Au (Previously mined in the 1930’s at 10.7 g/t)
  • Typical Orogenic Deposit with Structure & Controls
  • 3 Step-Out Holes hit structure and were mineralized (up to 1300m)
  • 2 nearby mines were up to 1,800m deep at 13 g/t
  • Brownfield with 23 km of underground workings and over 43,000 m drilled (cores preserved)
  • Only 8% of the MRE exploited; mostly in the first 250 m; much has been left unmined
  • 2023 MRE: 1 Moz (M&I) + 2 Moz (Inf)
  • 2023 PEA at USD $2,000/oz Au: After-tax NPV (5%) USD $370M, 31% IRR, 11 years LOM
  • Close to road, rail, power, water
  • Mine suspended in 1942 for the war effort

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930’s.

Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out, only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment (‘PEA’). A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-604-977-4653

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

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 release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241602

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
Keep Reading
World

A conservationist is building bridges in the Amazon so monkeys can cross the road

The first time Brazilian biologist Fernanda Abra saw a Groves’ titi monkey, one of the most 25 endangered primates in the world, it was positioned right next to a road.

“It was totally exposed to road mortality,” recalls Abra.

Although figures vary wildly, by some estimates, 475 million vertebrate animals are killed by vehicles every year in the South American country, which is home to the world’s fourth biggest road network, and the Amazon rainforest.

It’s a problem that Abra, who is a postdoctoral fellow at the Smithsonian’s Center for Conservation and Sustainability, Conservation Biology Institute, has been trying to solve by building bridges at the canopy level, so tree-dwelling species can safely traverse roadways.

Wildlife crossings around the world

Working with local partners including the indigenous Waimiri-Atroari people, who hold important knowledge about the wildlife in their territory in the Brazilian states of Amazonas and Roraima, Abra’s Reconecta Project has built more than 30 canopy crossings on the BR-174, a 3,300-kilometer (2,000-mile) highway slicing through the Amazon. In 2024, she was among the winners of the Whitley Fund for Nature Award, which celebrates grassroots conservationists, for her efforts.

Abra hopes the structures can help turn things around for some of Brazil’s vulnerable and endangered species, like the Groves’ titi, the Schneider’s marmoset, and the Guiana Spider Monkey.

Each bridge is fitted with cameras to monitor the animals using it, and those that approach it but turn away, so the structure can be redesigned to convince critters to cross.

“Every time I see the video of the monkey using my canopy bridge, it’s wonderful because we are avoiding the situation of road mortality,” says Abra.

Reconnecting fragments of forest that have been cut apart by human-built infrastructure can have other benefits, like giving animals access to more food resources and potential mates.

“Connecting the population, we can make it stronger and allow it to grow,” says Abra.

Camera-trap footage showing a primate using a Reconecta Project canopy crossing.
Reconecta Project

That could be crucial as Brazil builds more roads. In 2023, Brazil’s president Luiz Inácio Lula da Silva announced plans to spend almost $200 billion on infrastructure, including new highways.

Similar approaches are being put into use across the world. In California, an overpass is under construction above the 10-lane 101 Freeway, that will provide safe passage for animals like mountain lions, coyotes and bobcats.

Abra also has plans for growth. The Reconecta Project is now expanding in Alta Floresta, a city in the west-central state of Mato Grosso, where she’s engaging officials from various government departments and representatives from non-profits and universities, she says. The canopy bridges will be supplemented with measures like speed bumps to slow down traffic and wildlife crossing signs to alert motorists.

She hopes to eventually expand to other areas in Brazil. “What amazes me about Brazil is the richness that we have, the wonderful biodiversity we have here,” says Abra, “and I will do everything that I can as a person, as a professional, as a conservationist and researcher to protect this rich biodiversity.”

This post appeared first on cnn.com
Keep Reading
Politics

Trump and Zelenskyy war of words heats up even as US looks to wind down war in Ukraine

President Donald Trump and Ukrainian President Volodymyr Zelenskyy exchanged terse insults on Wednesday, following meetings between U.S. and Russian officials in Saudi Arabia on Tuesday without representatives from Ukraine. 

Trump repeatedly has said that he is the only one who can bring an end to the war between Ukraine and Russia, and White House press secretary Karoline Leavitt said Trump was in contact with Zelenskyy and was working to ensure ‘that all parties are heard’ during the peace talks. 

Yet Ukraine’s absence from the negotiations on Tuesday appears to have exacerbated a wedge between Washington and Kyiv. 

While Zelenskyy accused Trump of perpetuating Russian ‘disinformation’ on Wednesday, Trump clapped back and labeled Zelenskyy a ‘dictator’ who has failed his country. 

‘A Dictator without Elections, Zelenskyy better move fast or he is not going to have a Country left. In the meantime, we are successfully negotiating an end to the War with Russia, something all admit only ‘TRUMP,’ and the Trump Administration, can do,’ Trump wrote in a social media post Wednesday. 

‘I love Ukraine, but Zelenskyy has done a terrible job, his Country is shattered, and MILLIONS have unnecessarily died.’ 

Trump’s post included a series of inaccurate statements, including that Zelenskyy ‘talked the United States of America into spending $350 Billion Dollars, to go into a War that couldn’t be won, that never had to start.’ Meanwhile, Congress has appropriated $175 billion since 2022 for aid to Ukraine, according to the Council on Foreign Relations. 

Trump’s comments build on statements he delivered Tuesday at his Florida Mar-a-Lago estate, where he said that Russia wasn’t the only one exerting pressure to force Ukraine to hold an election. One of Russia’s conditions for signing a peace deal includes Ukraine holding an election, nearly a year after Zelenskyy’s five-year term was slated to end. 

But Zelenskyy has remained in his position leading Kyiv because the Ukrainian constitution bars holding elections under martial law. Ukraine has been under martial law since February 2022. 

Additionally, Trump chastised Ukraine on Tuesday for not ending the war sooner, and also appeared to suggest that Ukraine started the conflict, even though Russia invaded Ukraine in 2022.

 

‘I think I have the power to end this war, and I think it’s going very well. But today I heard, ‘Oh, we weren’t invited,” Trump said Tuesday at Mar-a-Lago in Palm Beach, Florida. ‘Well, you’ve been there for three years. You should have ended it three years (ago). You should have never started it. You could have made a deal.’

In response, Zelenskyy delivered his own jabs toward Trump, and said the U.S. president lived in a ‘disinformation space’ peddling inaccurate information that originated from Russia. 

‘We have seen this disinformation,’ Zelenskyy said Wednesday at a news conference before meeting with retired Lt. Gen. Keith Kellog, the U.S. special envoy for Ukraine and Russia. ‘We understand that it is coming from Russia.’

‘I think Putin and the Russians are very happy, because questions are discussed with them,’ he added. 

Zelenskyy has stressed in recent days that Ukraine must be involved in negotiations for a peace deal with Russia, and said Sunday that Ukraine wouldn’t accept a peace deal if his country was absent from negotiations. 

He also announced on Tuesday that he would postpone a scheduled trip to Saudi Arabia until March, after revealing during a joint press conference with Turkish President Recept Tayyip Erdoğan that Ukraine wasn’t invited to the U.S.-Russia discussions in Riyadh.  

Secretary of State Marco Rubio, White House national security advisor Mike Waltz and Special Envoy to the Middle East Steve Witkoff met in Riyadh with Russian Foreign Minister Sergey Lavrov and President Vladimir Putin’s foreign affairs advisor Yuri Ushakov to hash out ways to end the conflict. 

The first action the U.S. plans to take after the meetings with Russian officials is to ‘reestablish the functionality of our respective missions in Washington and in Moscow,’ Rubio told reporters from The Associated Press and CNN.

‘For us to be able to continue to move down this road, we need to have diplomatic facilities that are operating and functioning normally,’ Rubio said, according to a State Department transcript. 

Russia invaded Ukraine in February 2022, and Trump vowed on the campaign trail in 2024 that he would work to end the conflict if elected again.

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS
Keep Reading
Investing

Cyclone Metals, Vale to Develop Iron Bear Project in US$138 Million Deal

Cyclone Metals (ASX:CLE) has signed a binding commercial agreementwith global iron ore leader Vale (NYSE:VALE) through which the parties will jointly develop the Iron Bear asset in Québec, Canada.

The partnership aims to leverage Vale’s extensive resources and expertise to advance Cyclone’s Iron Bear project.

Cyclone and Vale first announced a memorandum of understanding for Iron Bear in November 2024. It outlined key terms for the partnership, but was non-binding except for exclusivity and confidentiality clauses.

“Project Iron Bear has now secured a clear pathway to get into production, and to become a world leader for the supply of low cost and ultra-low carbon iron ore products,” Cyclone CEO Paul Berend said in Monday’s (February 17) release.

The company’s agreement with Vale outlines a collaborative framework with two phases. The arrangment will see Vale provide technical and financial support to expedite the development of Iron Bear.

Under the deal, Vale will contribute US$18 million for Phase 1 of a work program at Iron Bear. It will include a prefeasibility study, as well as mineral resource drilling and environmental baseline studies.

Vale can choose to trigger Phase 2 once Phase 1 is complete; completion will occur either when Cyclone receives Vale’s full Phase 1 contribution, or when the Phase 1 work program at Iron Bear has been ‘substantially completed.’

When Phase 2 begins, the companies will form a joint venture to develop Iron Bear, with Vale receiving a 30 percent equity interest in the entity. Vale will put as much as US$120 million toward the joint venture’s activities, which will include a bankable feasibility study, environmental impact studies and impact benefit agreements with First Nations.

Vale’s interest in the joint venture will rise to 75 percent when it has made its total contribution for Phase 2, or when it makes a decision to mine at Iron Bear. Vale will have the right to acquire the remaining 25 percent once the decision to mine has been made; if it does not do that, it will be able to set up non-dilutionary production CAPEX funding for Cyclone.

Located near the border between Québec and Newfoundland and Labrador, Iron Bear is positioned less than 25 kilometres from an open-access heavy haul railway, allowing transportation to export markets. It has a resource of 16.6 billion tonnes at 29.3 percent iron, positioning it as a potential key player in the global iron ore supply chain.

Mitsui joins Rhodes Ridge iron ore joint venture

In another sign of increasing interest in getting new iron ore projects off the ground, Mitsui & Co. (TSE:8031) has agreed to acquire a 40 percent stake in Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) Rhodes Ridge joint venture.

The Japanese conglomerate will pay US$3.34 billion to buy VOC Group’s 25 percent stake in the joint venture, plus another US$2 billion to purchase a 15 percent interest in the joint venture from AMB Holdings.

According to Mitsui, Rhodes Ridge is one of the largest undeveloped iron ore deposits in the world, with a resource of 6.8 billion tonnes. It is located in Western Australia’s Pilbara region, and first ore is expected in 2030. Mitsui’s annual share of output is expected to be 16 million tonnes initially, expanding to 40 million tonnes down the line.

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

This post appeared first on investingnews.com
Keep Reading
Business

Trump Media sues Brazil Supreme Court judge who battled Elon Musk

Trump Media and its fellow conservative-oriented social media company Rumble on Wednesday sued a Brazil Supreme Court justice whose clash last year with Elon Musk led to the blocking of Musk’s own social media firm, X, in that country.

The Tampa, Florida, federal court lawsuit accuses Justice Alexandre de Moraes of allegedly illegal attempts to censor a “well-known politically outspoken user” of Rumble with orders to suspend that user’s U.S.-based accounts.

The new lawsuit suit notes that Trump Media’s social media site Truth Social “relies on Rumble’s cloud-based hosting and video streaming infrastructure to deliver multimedia content to its user base.”

“If Rumble were to be shut down, that shut down would necessarily interfere with Truth Social’s operations, as well,” the suit says.

The suit was filed a day after Brazil’s prosecutor-general charged the country’s former president, Jair Bolsonaro, with an attempted coup as he tried to remain in office following his 2022 election loss. Bolsonaro — who was invited to President Donald Trump’s inauguration last month — is accused of participating in a plot with nearly three dozen other people, which allegedly planned to poison current Brazil President Luiz Inacio Lula da Silva and kill Moraes.

Trump had been the majority owner of Trump Media stock shares. In December, the then-president-elect transferred his entire stake of shares to a revocable trust of which he is the sole beneficiary.

The suit mentions Musk’s feud with Moraes, when the justice suspended X in Brazil for Musk’s defiance of requests to ban some user accounts and remove content that Moraes said violated the country’s laws.

Brazil’s Supreme Court also suspended bank accounts in that country of X and Starlink, the satellite internet service provider owned by Musk’s company SpaceX, as part of that battle.

Musk, who is also the CEO of Tesla, has been tasked by Trump to oversee a wide-ranging effort to cut federal government suspending and employee headcount.

Trump Media CEO Devin Nunes in a statement Wednesday on the suit said that the company “is firmly committed to upholding the right to free expression.”

“This is not just a slogan, it’s the core mission of this company,” Nunes said. “We’re proud to join our partner Rumble in standing against unjust demands for political censorship regardless of who makes them.”

Trump Media last week reported a net loss of nearly $401 million for 2024, and revenue of just $3.6 million.

The company in a statement last week said that about half of the $61 million in cash used in operating activities in 2024 “comprised legal expenses including costs related to the Company’s March 2024 merger with a special purpose acquisition company.”

“Partly as a result of obstruction by the Biden-era Securities and Exchange Commission, which turned the process into one of the longest SPAC mergers in history, [Trump Media] incurred significant legal expenses related to its merger and has brought litigation seeking to recoup its damages,” the suit said.

This post appeared first on NBC NEWS
Keep Reading
Politics

Surprising new poll numbers released on Trump’s performance so far in the White House

Three new national polls released on Wednesday indicate President Donald Trump’s approval ratings are edging down slightly since taking over the White House one month ago.

Forty-five percent of voters questioned in a Quinnipiac University survey said they approve of the way Trump is handling his job as president, with 49% disapproving.

That’s down from a 46%-43% approval/disapproval in a Quinnipiac poll conducted in late January, during the president’s first week back in office following his inauguration.

And a new national poll from Gallup indicated the president at 45% approval and 51% disapproval, down from 47%-48% approval/disapproval late last month.

And according to a Reuters/Ipsos national survey also released on Wednesday, the president stood at 44% approval and 51% disapproval. Trump registered at 45%-46% approval/disapproval in the previous poll by Reuters/Ipsos, which was conducted late last month during the first week of the president’s second administration.

The latest Quinnipiac poll was conducted Feb. 13-17, with Gallup in the field Feb. 3-16, and Reuters/Ipsos conducting their survey Feb. 13-18.

Recent surveys from other polling organizations indicate Trump’s approval ratings remain above water.

Trump has kept up a frenetic pace during his opening weeks back in the White House, with an avalanche of executive orders and actions. His moves not only fulfilled some of his major campaign trail promises, but also allowed the returning president to flex his executive muscles, quickly put his stamp on the federal government, take a meat cleaver to the federal workforce, and also settle some longstanding grievances.

Trump has signed nearly 70 executive orders since his inauguration, according to a count from Fox News, which far surpasses the rate of any recent presidential predecessors during their first weeks in office.

The president, never shy about advertising his accomplishments, took to social media last week to tout ‘THREE GREAT WEEKS, PERHAPS THE BEST EVER.’

And at a news conference Tuesday, Trump argued that ‘incredible things are happening in our country.’

‘I think we’ve made more progress in three weeks than they’ve made in four years,’ he added, as he appeared to point to his predecessor in the White House, former President Biden.

While Trump’s approval ratings for his second term are an improvement from his first term — he started in 2017 in negative territory and remained underwater throughout his tenure in the White House — his numbers are below where Biden began his single term in office.

Biden’s approval rating hovered in the low to mid 50s during his first six months in the White House, with his disapproval in the upper 30s to low to mid 40s. 

However, Biden’s numbers sank into negative territory in the late summer and autumn of 2021, in the wake of his much-criticized handling of the turbulent U.S. exit from Afghanistan and amid soaring inflation and a surge of migrants crossing into the U.S. along the nation’s southern border with Mexico.

Biden’s approval ratings stayed underwater throughout the rest of his presidency.

The new polls indicate a massive partisan divide over Trump’s performance.

Nine in 10 Republicans questioned in the Quinnipiac survey gave Trump a thumbs-up. But his approval dropped to 43% among independents and just 4% among Democrats.

It was a similar story in the Gallup poll.

‘Ninety-three percent of Republicans, 37% of independents and 4% of Democrats approve of Trump’s job performance overall,’ the release from Gallup highlighted.

Meanwhile, the Gallup poll noted that while Trump’s ratings have edged down, Americans’ approval of Congress has surged 12 points since early January, to 29% in their latest survey. That’s the highest approval rating for Congress in Gallup polling since May 2021.

This post appeared first on FOX NEWS
Keep Reading