Author

admin

Browsing

More than 100 fishermen were rescued from a sheet of floating ice that drifted into waters off Russia’s remote Far East, authorities said Wednesday.

The 139 fishermen became stranded when a 10-meter (32 feet) crack formed an ice floe that broke away from the island of Sakhalin and floated into the Sea of Okhotsk between Russia and Japan, emergency services said on Telegram.

Videos shared by responders showed fishermen being escorted away amid strong winds in an operation that involved an Mi-8 helicopter and a Khivus hovercraft, which can travel on ice and water.

Not everyone was happy to see rescue workers, however.

Earlier, emergency services said “some extreme sports enthusiasts” among those trapped on the ice had refused to leave without a catch.

It is not uncommon for people to become trapped on ice floes in Sakhalin, a 1,000-kilometer (621 mile) strip of land that is Russia’s largest island.

Last February, more than 80 fishermen were rescued after an ice floe broke away from shore near the village of Starodubskoye.

And in 2020, more than 500 ice fishermen were rescued from an ice floe near Mordvinov Bay on Sakhalin, according to state-run news agency RIA Novosti.

This post appeared first on cnn.com

After rising 190 percent over the last five years, the uranium spot price and the broader uranium market remain poised for further growth, fueled by short supply and a slew of positive demand catalysts.

At this year’s Vancouver Resource Investment Conference (VRIC), panelists Rick Rule, Nick Hodge, Fabi Lara and Jordan Trimble offered an overview of key market catalysts, both for the near term and long term.

Moderated by Jesse Day of Commodity Culture, the discussion started with a look at the state of the sector.

“We’ve heard a lot about artificial intelligence (AI) data centers (and) small modular reactors, and obviously the main theme underlying all of this is a production shortfall,” said Day on stage at the event.

“There is not enough uranium being produced today to meet current reactor demands.”

From there, Day invited each participant to share their macro overview of the uranium landscape.

Starting the discussion, Hodge, who is publisher at Digest Publishing, pointed to recent comments made by the newly elected Trump administration as evidence of a pro-nuclear stance in America.

“Even the Treasury secretary, during his confirmation hearing, was talking about — not a clean energy race, but an energy race with China, who is building coal plants, who is building something like 29 reactors right now,’ he said.

More broadly, Hodge underscored the growing global commitment to increase nuclear energy production.

“We had a COP meeting late in 2024 where 31 countries agreed to triple nuclear capacity by 2050,’ he said.

‘That’s up from 20 countries the year before that — a 50 percent increase in the number of countries who said they want to triple nuclear capacity.”

Uranium supply challenges not going away

Offering his thoughts, Trimble who is president, CEO and director of Skyharbour Resources (TSXV:SYH,OTCQX:SYHBF) pointed to the substantial shortfall that is already materializing, noting that annual demand stands at 200 million pounds, while mine supply comes in at only 150 million to 160 million pounds.

“The age of abundant secondary supply has come to an end,” he said.

‘(We) don’t have that buffer that we’ve had for the last 50 or 60 years. So as that depletes, the upward pressure on the price not being able to tap into these secondary supplies is going to become more and more extreme.”

Adding to this pressure will be utility companies.

According to Trimble, a sluggish long-term contracting market contributed to uranium’s weak performance in 2024, with utilities securing just 106 million pounds — well below replacement levels.

However, he expects a surge in contracting in 2025, with volumes projected to exceed 180 million pounds as western utilities restock depleted inventories and secure long-term supply.

Longer term, the steady rate of new nuclear reactor builds is also a significant demand catalyst.

As noted by the World Nuclear Association, there are currently 65 reactors being built globally, with another 95 in the design stage. These new builds will join the 440 operational reactors located in 31 countries, as well as Taiwan.

Buying opportunity for uranium investors?

For Lara, who is founder of the Next Big Rush, it’s important to hone in on what may move a specific stock.

“What I look at is what retail looks at, and what retail looks at currently is the spot price,” she said. “There is a massive correlation of spot price moving and the smaller equities moving with it. So that is something that I keep watching.’

She expects financial players to re-enter the uranium market, driving prices higher after last year’s slowdown.

Lara also acknowledged that contracting volumes have remained low; however, term prices have not declined as much as the spot market. She emphasized that the long-term trend remains positive.

Commenting on the smaller crowd size at the panel and uranium sentiment on social media, she suggested that there is a potential buying opportunity as the market regains momentum.

Easy money has been made, ‘sure money’ still on the table

Rounding out the panel was Rule, proprietor at Rule Investment Media.

The veteran investor and speculator also reassured attendees that there is still money to be made in uranium.

“The basic supply, demand fundamentals for uranium are really good,” said Rule.

“I want to say that the easy money has been made. The easy money is made in the transition from hate to love. That’s over, but I think the sure money is ahead of us,’ he explained. “The sure money is ahead of us because of supply and demand imbalances; the sure money is ahead of us because the political winds have changed.”

These tailwinds, paired with utilities contracting, are the factors that signal to Rule that the “sure money” is ahead..

Unlike other commodities, uranium contracts can extend up to 20 years, providing rare top-line certainty, he explained.

This shift is expected to lower the sector’s cost of capital and enable smaller companies with strong deposits to secure financing or facilitate M&A.

Big tech’s AI pursuits need nuclear power

With the nuclear energy renaissance in full swing, supply security is becoming increasingly important. This is especially true in the US, where electricity generated from nuclear reactors supplies almost 20 percent of the nation’s needs.

Despite being the largest market for uranium, US mine supply fills only 5 percent of the country’s demand annually. This makes the US dependent on uranium imports from Canada, Kazakhstan, Uzbekistan, Russia and Australia.

US uranium imports were in sharp focus in May 2024, when then-President Joe Biden signed the Prohibiting Russian Uranium Imports Act, banning Russian-produced low-enriched uranium until 2040. The legislation took effect in August 2024, though limited waivers may be granted until 2028 to support critical US nuclear energy companies.

The US uranium supply picture was further blurred when new President Donald Trump threatened to levy 10 to 25 percent tariffs on a wide range of imports originating from Canada.

Against this backdrop, Amir Adnani, president, CEO and founder of Uranium Energy (NYSEAMERICAN:UEC), painted a picture of opportunity for the US during his VRIC talk with host Jay Martin.

Adnani praised Chris Wright, Trump’s pick for energy secretary, pointing out that he’s an oil and gas executive with ties to small modular reactors. “Because of power demand growth in the US, there is an ‘everything is needed’ mentality and approach to energy in the US,” he said. “And as a result, I think whether we call it American energy dominance or some of these terms, Trump is going to give it, ‘drill, baby drill,’ as he likes to say.”

Adnani explained that Trump’s campaign battle cry served as a signal to the energy sector.

“If you talk to executives in Midland, Texas, for example, they say, ‘Geez, we don’t want to drill anymore.’ The gas boom, the oil markets are oversupplied. But the reality is, when Trump says, ‘drill, baby drill,’ what he really means is ‘energy, energy, energy,’ and that could not be better captured in the trends we’re seeing with technology companies,” he said.

The uranium executive then went on to explain that a single ChatGPT query consumes 100 times more energy than a simple Google search. “When you look at power demand growth in the US for the last 20 years, it was basically flat,” said Adnani. “And now, when you look at power demand growth in the US just to the end of this decade, the next five years, it’s 10 percent annualized growth, and that growth is coming from the tech sector.”

To meet these rising energy needs Adnani sees nuclear as the only viable solution.

“One pound of uranium generates the same amount of energy as 3,000 barrels of oil,” he said.

“These big tech companies are thinking about what kind of power they can use. (Uranium is) going to have the energy density, it’s going to use less land, space, it’s going to need less transportation. Doesn’t need to involve geopolitically unstable regions. They’re really coming to this hard conclusion.”

Stay tuned for more event coverage, including video interviews with many of the experts who attended.

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

This post appeared first on investingnews.com

As the war in Ukraine grinds toward its fourth year, US President Donald Trump has made clear which world leader he thinks can help America end the conflict: Vladimir Putin’s ally Xi Jinping.

“Hopefully, China can help us stop the war with, in particular, Russia-Ukraine … they have a great deal of power over that situation, and we’ll work with them,” Trump told political and business elites gathered at the World Economic Forum in Davos, Switzerland last month.

Trump expressed that hope, he has repeatedly said, in a call with the Chinese leader days before being sworn in last month – and it’s a subject that could be raised in the coming days as officials from around the world gather in Munich for an annual security conference.

While Trump may have complicated his plan to orchestrate peace alongside Xi by imposing a blanket 10% tariff on Chinese imports into the United States earlier this month, the war in Ukraine could be a rare issue of collaboration – especially as Beijing looks to avert deepening trade frictions.

“Given the stakes on US-China relations, if Trump prices China’s cooperation as the one critical issue that could improve US-China relations, I think China will be very tempted … (and could) play a helpful role,” said Yun Sun, director of the China Program at the Stimson Center think tank in Washington. At the same time, she added, Beijing will be wary of undermining its alignment with Russia.

China has long sought to position itself as a potential peace broker in the conflict –promoting its own vaguely-worded proposal to settle the war. But in the West, its bid has so far been overshadowed by another reality: Beijing’s abiding support for Putin’s Russia.

The stakes would be high for Xi to risk damaging that partnership, which the Chinese leader has built up as a critical part of his broader goals to counter pressure from the West and reshape a world order in China’s favor.

And a negotiating table where Xi has a prominent seat is also one where Putin, not Trump, has a staunch partner – a reality that Washington would have to navigate carefully if it doesn’t want to risk isolating European allies or reach a solution that’s unacceptable to Ukraine, analysts say.

“The real outcome that Beijing would like to avoid is a very much weakened Russia,” said Chong Ja Ian, an associate professor at the National University of Singapore. “Because then … (Beijing) would be lacking one major partner.”

An end in sight?

The future of the conflict is expected to feature heavily on the agenda of the upcoming Munich Security Conference beginning Friday in Germany, where US Vice President JD Vance is set to meet with Ukrainian President Volodymyr Zelensky. Chinese Foreign Minister Wang Yi will also lead a delegation from Beijing.

Looming over the gathering is a dramatic tone shift in Washington’s approach to the war. Trump has questioned American aid to the embattled country, which his predecessor Joe Biden and US NATO allies have seen as critical to defending not just Ukraine’s sovereignty and territorial integrity, but the rules-based world order.

In a Fox News interview earlier this week, the notoriously transactional Trump instead suggested that the US should be getting access to Ukraine’s rich natural resources in exchange for military assistance. He also suggested that Ukraine “may be Russian someday,” and said his administration has made “tremendous progress” in laying the groundwork for potential peace talks with Russia and Ukraine, without providing details.

Zelensky has said he is willing to negotiate with Putin – but only if the US and Europe continue to support Ukraine and “provide security guarantees,” while Russia in recent days reiterated that it would only accept a peace that saw Ukraine give up ambitions to join NATO and cede regions annexed by Russia.

But while Trump is pushing for a swift end to the war, his administration has yet to lay out specifics on what kind of peace terms they are hoping to see agreed upon.

How much Trump would look to work alongside Xi – and whether the Chinese leader is amenable – may also depend to an extent on those parameters, observers say. Western leaders in the past have tried, without success, to persuade Xi to push Putin toward a peace in line with the one advocated for by Zelensky and Ukraine.

Even as China has claimed neutrality in the conflict and called for peace, it’s emerged as a key diplomatic and economic lifeline for Russia throughout the war, including by sending it dual-use goods NATO leaders have said are feeding Russia’s defense sector and enabling its military. Beijing defends its trade as part of normal relations with Russia.

It’s likely that in Trump’s eyes, all that gives Xi leverage over Putin. But close observers of China’s foreign policy say it’s not so straightforward.

“Can China threaten to cut off the supply (of essential goods to Russia)? It can’t, because China cannot afford a completely failed Russia,” said Liu Dongshu, an assistant professor focusing on Chinese politics at the City University of Hong Kong. He pointed to Beijing’s calculus that its relations with the US and Europe have already soured to such an extent that they have no choice but to continue to back their only powerful diplomatic ally.

Xi and Putin memorably declared their “no limits” partnership weeks before Russian tanks rolled over Ukraine’s sovereign borders – a pledge made based on their shared opposition to NATO and a view that the US-led West is declining while they are on the rise.

Xi also sees Putin as a potential source of economic and diplomatic support if Beijing were ever to invade Taiwan, some observers say. Xi’s ambition to take control of the self-ruling democracy may be another key reason why he would be wary of any move that could harm that relationship.

The Chinese leader may also be enjoying the war’s role as a distraction for the US away from a focus on Asia and Taiwan – something the Trump’s cohort, including Vice President Vance, have pointed out.

As a US senator, Vance last year argued that the US supplying Ukraine with air defense systems could hurt its ability to aid Taiwan’s defense if China were to attack the island that it claims as its own.

Xi as peacemaker?

Working with Trump to pressure Putin to a negotiating table – whatever the terms of a deal – would also mark a stark shift in Beijing’s approach to the conflict so far.

Xi and his officials have used the war as a platform to promote a vision for a China-led world, one where the American alliance system has been dismantled or weakened.

“China focuses on building a coalition of non-Western nations, including influential developing countries like Brazil, to leverage the Ukraine conflict toward reshaping global security architecture and advancing an alternative vision of world order,” said Tong Zhao, a senior fellow at the Carnegie Endowment for International Peace in the US.

Beijing will have little incentive to engage in substantial cooperation with Washington for now, said Zhao, noting that its officials would, however, wait and see what benefits could be gained from any potential, broader deal-making with Trump.

That said, the current American president – a NATO critic, who has repeatedly voiced personal admiration for Putin and Xi – may be a more appealing negotiating partner for both strongmen.

Trump before taking office called for an “immediate ceasefire and negotiations” – a position that jives with Beijing’s stated stance on the war that has been criticized by the West as helpful to Russia. He’s also in recent weeks echoed Moscow and Beijing’s talking points, sympathizing with the Kremlin’s view that Ukraine should not be part of NATO and that the war continued because America “started pouring equipment” into Ukraine.

US lawmakers and some members of Trump’s administration remain tough on both countries. But Trump’s stance raises the question of whether there is a deal that Beijing, Moscow and Washington could orchestrate that would please all three – and what that could mean for Ukraine and the future of the conflict.

“You can see how each could take something from (certain peace deals) – Putin can save face, Xi and Trump can claim to be peacemakers,” said Robert Ward, director of geo-economics and strategy at the International Institute for Strategic Studies in Britain.

But there’s a risk in any agreement where Russia is left in possession of the parts of Ukraine it’s now occupying that this becomes “a conflict that isn’t at an end, it’s just a lull,” he said.

This post appeared first on cnn.com

(TheNewswire)

JZR Gold Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

February 11, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (the ‘ Company ‘ or ‘ JZR ‘) ( TSX-V: JZR ) announces that it has entered into a loan agreement with Eco Mining Oil & Gaz Drilling and Exploration Ltda. (‘ Eco ‘) dated September 30, 2024, pursuant to which the Company agreed to lend to Eco up to US$2,000,000 (the ‘ Loan ‘). The Loan, which bears no interest, is to be advanced to Eco in tranches upon request by Eco.  Pursuant to the terms of the Loan, the Company shall have no obligation to advance or make available any funds to Eco and any funds so advanced shall be at the sole discretion of the Company.  As of the date of the Loan Agreement, the Company had previously advanced the sum of US$1,800,000 to Eco, which amount forms part of the Loan. Eco may pay back any amount outstanding under Loan at any time without penalty.

The Company possesses a right to receive a 50% net profit interest in gold produced from the Vila Nova gold project located in the State of Amapa, Brazil (the ‘ Project ‘).  The Project is currently being developed by Eco as the operator. Eco commissioned the manufacture and installation of a gravimetric mill (the ‘ Mill ‘) for the Project, which Mill has been assembled and is being tested.  The Company has advised that Eco requested financial assistance from the Company in order to advance, acquire and assemble the Mill and to further advance the Project.  Management of the Company has determined that it is in the best interest of the Company to advance funds to Eco in order to enable Eco to acquire the Mill, bring it into operation and to further advance the Project, and has agreed to advance funds under the Loan to Eco specifically for the foregoing purposes.

As security for the Loan, Eco has pledged to the Company the Mill and certain rights of Eco pursuant to an agreement between Eco and the Cooperative dos Garimpeiros do Vila Nova.

The Company is at arm’s length with Eco and is not a ‘related party’ of the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions . The Loan is subject to acceptance of the TSX Venture Exchange.

For further information, please contact:

Robert Klenk

Chief Executive Officer

rob@jazzresources.ca

Forward-Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward-looking statements in this news release include statements with respect to respect to the details of the Loan, including the repayment terms and the anticipated use of proceeds by Eco. Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; geopolitical risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators. The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

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 press release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

A rampaging rebel group has claimed the capture of another mining town in the eastern part of the Democratic Republic of Congo (DRC), a little over a week after it took control of the region’s largest city Goma.

Clashes between the rebel coalition Alliance Fleuve Congo (AFC) and Congolese forces have left more than 3,000 people dead in less than two weeks, according to DRC’s government.

The AFC, of which the M23 armed group – which claims to defend the interest of minority Rwandophone communities – is a key member, took over resource-rich Nyabibwe last week after Goma, the provincial capital of North Kivu, fell on January 27.

It comes less than a year after the rebels seized Rubaya, a mining hub also in the country’s east, which harbors one of the world’s largest deposits of coltan, a valuable mineral used in the production of smartphones.

Here’s what you need to know.

Is my phone fueling the conflict?

For decades, DRC, a Central African nation of more than 100 million people, has grappled with bloody militia violence, including ethnic and resource-driven armed rebellion by M23 and dozens of other armed groups.

Roughly the size of Western Europe, the war-riven country is endowed with vast mineral wealth, including the world’s largest reserves of cobalt and coltan – both critical to the production of electronics. Cobalt is used to produce batteries that power cell phones and electric vehicles, while coltan is refined into tantalum, which has a variety of applications in phones and other devices.

However, according to the World Bank “most people in DRC have not benefited from this wealth,” and the country ranks among the five poorest nations in the world.

Much of DRC’s mineral wealth is split between its government and armed groups who control swathes of the resource-rich east.

“It’s not a coincidence that the zones occupied by the rebels are mining areas,” Okenda said, adding that global demand for cobalt and coltan has fueled the crisis.

“It takes money to wage war. Access to mining sites finances the war,” he added.

Why do the rebels want the minerals?

But a top United Nations official has an idea.

Bintou Keita, the UN Secretary General’s Special Representative to the DRC, told the Security Council in a September briefing that coltan trade from Rubaya’s mines is estimated to supply over 15 percent of global tantalum production and generates an estimated $300,000 in revenue a month for M23.

M23 denied these claims, insisting its presence in Rubaya was “solely humanitarian.”

Much of the international community, including the Congolese government, has accused neighboring Rwanda of backing M23 and aiding the plunder of DRC minerals.

UN experts believe that an estimated 3,000 to 4,000 Rwandan soldiers are supervising and supporting M23 fighters in eastern DRC, outnumbering the rebel group’s forces in the country. A December report by the UN Group of Experts on the DRC revealed that “at least 150 tons of coltan were fraudulently exported to Rwanda and mixed with Rwandan production.”

Rwanda is one of the world’s top suppliers of coltan and has surpassed DRC’s export of the mineral in recent years.

Where do DRC’s plundered minerals go?

In a public address that drew outrage last year, Kagame admitted that Rwanda was a transit point for minerals smuggled from DRC, but insisted his country was not stealing from its neighbor.

“Some people come from Congo; whether they smuggle or go through the right channels, they bring minerals. Most of it goes through here (Rwanda) but does not stay here. It goes to Dubai, Brussels, Tel Aviv, (and) Russia. It goes everywhere,” Kagame said, without providing evidence or specifying what minerals were being smuggled.

In 2022, the United States Treasury Department said that over 90% of DRC’s gold was being “smuggled to regional states, including Uganda and Rwanda” where they are “refined and exported to international markets, particularly the UAE,” and sanctioned a Belgian businessman for facilitating the trade.

For DRC’s other valuable minerals including coltan and cobalt, the scale of the plunder remains unclear.

In December, DRC sued subsidiaries of Apple in Belgium and France, accusing the company of sourcing conflict minerals. Apple denied the accusation.

Every year, tech giants such as Apple and Microsoft publish reports saying that they demand responsible sourcing of minerals from their suppliers.

In an earlier filing to the US Securities and Exchange Commission in 2023, Apple said that while it continued to source 3TG (tin, tungsten, tantalum and gold) and other minerals such as cobalt and lithium from DRC and other countries, it was “committed to meeting and exceeding internationally accepted due diligence standards for primary minerals and recycled materials in our supply chain.” It added that its due diligence efforts had “found no reasonable basis for concluding that any of the smelters or refiners of 3TG determined to be in our supply chain as of December 31, 2023 directly or indirectly financed or benefited armed groups in the DRC or an adjoining country.”

Is there a solution to the conflict?

DRC’s mineral wealth has presented itself as a “curse,” according to analyst Okenda, who explained:

Last week, a humanitarian ceasefire announced by M23 fell apart almost immediately after it was declared, as the rebels swiftly advanced into Nyabibwe.

While regional and global leaders ponder solutions to ending the crisis, Okenda believes that DRC’s government needs to reinvent itself if it hopes for lasting peace.

DRC “has a governance model that if it does not change, the Congolese population will gain absolutely nothing, whether there is war or not,” he said.

“If the Kinshasa government improves its governance, invests in the army, ensures a fair sharing of resources between citizens in the country, and conducts elections that are of better quality, I still think that peace can return (to DRC),” he said.

This post appeared first on cnn.com

Investor Insight

For investors with an eye on mining stocks, New Murchison Gold (ASX:NMG) presents a unique opportunity. The company’s shallow, high-grade Crown Prince gold deposit, significant land package in the prolific Murchison goldfields, and strategic alliance with established Australian gold producer Westgold Resources position it as a noteworthy contender in the Western Australian gold exploration space. As NMG continues to navigate the path to production, its journey is one that astute investors will watch with keen interest.

Overview

Within the heart of Australia’s Murchison gold district, a region host to more than 35 Moz gold endowment (historic production and current resources), stands New Murchison Gold, a forward-thinking gold explorer with a clear strategy to maximise shareholder value driven by a highly experienced management team. The company’s value proposition centres on growing and de-risking its shallow, high-grade Crown Prince gold deposit (part of the company’s Garden Gully gold project) and a strategic alliance with established Australian gold producer Westgold Resources (ASX:WGX), offering a clear pathway to production and cash flow generation.

The Westgold alliance has resulted in a binding ore purchase agreement with Big Bell Gold Operations, a wholly owned operating subsidiary of Westgold Resources. The agreement will underpin production from NMG’s Crown Prince deposit in 2025, and will see the company delivering 30 kt to 50 kt of ore to Westgold per month.

Key Project

Garden Gully

New Murchison Gold

New Murchison Gold’s flagship Garden Gully gold project is located 20 km northwest of Meekatharra, Western Australia. The project boasts a 677 sq km tenement package that covers the Abbotts Greenstone Belt. The project includes granted mining leases and Native Title agreements in place over the Crown Prince, Abbotts and Lydia prospects. Garden Gully is in close proximity to a number of operating gold mines and existing gold processing facilities.

New Murchison Gold has a strong pipeline of exploration and development prospects at Garden Gully, with the most advanced being Crown Prince.

Crown Prince deposit

New Murchison Gold

The Crown Prince deposit has an updated mineral resource estimate of 2.2 Mt at 3.9 g/t gold for 279 koz, which includes an indicated resource estimate of 226 koz at 4.6 g/t Au. (81 percent of the total MRE). The total also includes the maiden resource for the Southeastern Zone (SEZ) of 1 Mt at 5.2 g/t gold for 164 koz (discovered in late 2022).

The resource is shallow, delineated from surface, remains open at depth and along strike, and located within a 300 m x 200 m area demonstrating strong open pit mining potential. There is significant resource growth potential at new mineralised zones at the northeastern end of SEZ and Crown Prince East (350 m from SEZ).

New Murchison Gold also published strong metallurgical performance from advanced test work at Crown Prince with high recovery of gold through gravity and cyanide leach test work, reporting overall gold recovery rates ranging from 98.2 to 99.8 percent.

New Murchison Gold

Recent high-grade gold intersections at SEZ

Westgold Strategic Alliance

New Murchison Gold announced a strategic alliance and $6 million placement with Australian gold producer Westgold Resources.

The Westgold transaction provides a clear pathway to commercialising Crown Prince in a strong gold price environment, validates the quality of the deposit and enables New Murchison Gold to leverage Westgold’s internal resources, intellectual property and infrastructure to accelerate development.

New Murchison Gold

The primary aim of the strategic alliance is to fast track the development of New Murchison Gold’s Crown Prince deposit into production. As part of the strategic alliance, New Murchison Gold and Westgold has entered into a binding ore purchase agreement (OPA) with Westgold subsidiary Big Bell Gold Operations, for gold produced at Crown Prince. Under the agreement, NMG will deliver 30 kt to 50 kt of ore to Westgold per month with no fixed term. Crown Prince is located only 33 km from Westgold’s 1.6 – 1.8 Mtpa Bluebird Mill.

In addition to the OPA, the strategic alliance may also encompass other strategic collaboration initiatives such as access to Westgold’s expertise and infrastructure. Upon completion of the strategic placement, Westgold will be an 18.7-percent shareholder (undiluted basis) and have the right, but not the obligation to a New Murchison Gold board seat and an equity participation right.

Proceeds from the strategic placement and current cash will allow New Murchison Gold to fast track further resource development, project development and mining proposal workstreams at Crown Prince and continue systematic regional exploration across Ora’s commanding 677 sq km tenure.

New Murchison Gold

Major players are increasingly partnering with junior explorers to secure access to high-grade, quality gold resources. New Murchison Gold’s collaboration with Westgold epitomises this movement, setting a blueprint for mutual success in the industry.

Key Focus

The near-term focus for New Murchison Gold will be further resource growth and rapidly advancing project development and mining proposal workstreams at Crown Prince:

  • Crown Prince Drilling: Further delineating new high-grade mineralised zones at the north-eastern end of SEZ and Crown Prince East (350 metres from SEZ) and resource definition drilling along strike and below 100 metre vertical depth
  • Crown Prince Resource: Updated Mineral Resource Estimate expected in September of 2024.
  • Crown Prince Development: progress detailed technical programs, preliminary project development and mining proposal workstreams and agree on an ore purchase agreement and other strategic collaboration initiatives with Westgold
  • Regional: Continue systematic regional exploration programs across Ora’s commanding 677 sq km tenure package

Management Team

New Murchison Gold is led by a team of experienced professionals with a diverse set of skills and expertise. At the helm of the company’s operations is CEO Alex Passmore, a qualified geologist with extensive corporate finance experience to guide New Murchison Gold’s strategic plan. The board is chaired by Rick Crabb, with extensive experience in the legal and mining sectors providing invaluable governance and oversight.

Supporting the company’s governance structure, Malcolm Randall serves as a non-executive director, bringing a wealth of knowledge from his tenure in the resource sector, including 25 years at Rio Tinto. Frank DeMarte, director and company secretary, contributes over 39 years of mining industry experience in areas of financial management governance and secretarial practice.

The collective experience of New Murchison Gold’s board and management is a cornerstone of the company’s success, positioning it to capitalise on the opportunities within the Garden Gully project and beyond.

For further information on New Murchison Gold’s strategic initiatives and investment opportunities, sign up for a free investor kit.

This post appeared first on investingnews.com

Rome (Reuters) Around 130 people were arrested on Tuesday in a large-scale sting against the Sicilian mafia in Palermo, indicating that it has remained a significant criminal force despite setbacks in recent decades.

“Cosa Nostra,” the mafia syndicate based in and around Palermo, terrorized Italy in the 1980s and 1990s, but has since been overtaken as Europe’s most powerful mob by the Calabrian ‘Ndrangheta.

The suspects apprehended on Tuesday were charged with various crimes, including drug trafficking, attempted murder, extortion, illegal online gambling and illegal possession of firearms, Carabinieri police said in a statement.

Additional arrest warrants were issued for 33 suspects who were already in prison for other crimes.

Investigations revealed that Palermo’s mafia families coordinate their activities across the city and its province, like they used to in the golden days of Cosa Nostra, especially as regards drug trafficking, police said.

They said inner city families had regained authority compared to the years in which they were dominated by a faction from Corleone – a town outside Palermo that was the birthplace of notorious bosses Toto Riina and Bernardo Provenzano.

Modern-day bosses use modern technology to conduct their business, using encrypted mobile phones that are smuggled into prisons to allow jailed bosses to continue exercising their command, investigators said.

Despite being weakened by law enforcement activities, Cosa Nostra continues to attract young people, the Carabinieri said, noting they documented one instance of a new recruit given “mafia lessons” by an older associate.

The would-be mentor gave the young man “specific instructions, inviting him to take as an example his conduct towards people to be subjected to extortion, and advising him on how to relate with mafia leaders,” the police statement said.

Italian Prime Minister Giorgia Meloni, writing on X, hailed Tuesday’s arrests as inflicting “a very hard blow to Cosa Nostra,” and giving a clear signal that “the fight against the mafia has not stopped and will not stop.”

This post appeared first on cnn.com

South Korean police on Tuesday were questioning an elementary school teacher who allegedly stabbed a first grader to death in the city of Daejeon.

The killing on Monday during after-school care has shocked the nation and prompted the country’s acting president to order school safety standards reviewed.

The female suspect was receiving medical treatment for self-inflicted wounds following the death of the girl in an audio-visual room on the second floor of the school, said Yuk Jong-myeong, chief of Daejeon’s western district police station.

The suspect, reported to be in her 40s, told police that she had recently returned to work after a period of leave for health reasons, Yuk said. She told police she has received treatment for depression since 2018.

After the first-grade student was reported missing at 5:15 p.m. local time Monday, police and family members searched throughout the school and surrounding areas. Her grandmother found her in the audio-visual room around 5:50 p.m. The girl was rushed to the hospital, where she was pronounced dead.

Choi Sang-mok, who is the country’s acting leader due to President Yoon Suk Yeol’s impeachment, called for a thorough investigation into the killing and instructed education authorities to “implement necessary measures to ensure such incidents never happen again.”

Visitors laid flowers and condolence letters at the gate of the school, which was closed on Tuesday.

This post appeared first on cnn.com

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC TheNewswire – February 11, 2025 Coniagas Battery Metals Inc. (TSXV: COS) (‘Coniagas’ or the ‘Company’), announces that it has granted stock options to its directors to purchase an aggregate of 500,000 common shares in the capital of the Company.  The stock options are exercisable for a term of three years at an exercise price of $0.05 per share.  All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange and are exercisable immediately.

About Coniagas Battery Metals Inc.

Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper and cobalt and platinum group metals in Québec. Coniagas’ strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metals supplier to the electric vehicle (EV) market.

At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts.  The Company plans in the near-term to conduct additional drilling leading to the production of a Ni 43-101 resource report, metallurgical testing and consultations with First Nations. The Graal project and immediate work plan are outlined in detail in the ‘NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada’ dated January 17, 2024. The report is available along with other information at the Company’s website https://coniagas.com/

‘Frank J. Basa’

Frank J. Basa, P. Eng. Member of Professional Engineers Ontario

Chief Executive Officer

For further information, contact:

Frank J. Basa, P. Eng. Ontario

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff, Corporate Communications

P: 416-710-2410   E: waynecheveldayoff@gmail.com

You can follow Coniagas on Social Media:

LinkedIn:

X (Twitte r ):

Facebook:

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

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. (‘Coniagas’ or the ‘Company’) which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Coniagas trading on the TSX Venture Exchange, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce that a binding Term Sheet has been executed with Cazaly Resources Limited (ASX: CAZ, Cazaly), under which Cazaly is granted an option to elect to earn up to an 80% interest in the Goongarrie Gold Project, by incurring exploration expenditure of up to $3 million.

HIGHLIGHTS

  • Brightstar has signed a binding Term Sheet with Cazaly Resources Limited under which Cazaly is granted an option to elect to earn up to an 80% interest in the Goongarrie Gold Project by sole funding exploration expenditure of up to $3 million, as follows:
    • Upon exercising the option, Cazaly to spend $1 million on expenditure over an initial 12-month period to earn a 25% interest;
    • Cazaly to spend an additional $1 million on expenditure over a further 18-month period to earn an additional 26% interest (aggregate 51% interest); and
    • Cazaly to spend an additional $1 million on expenditure over a further 18-month period to earn an additional 29% interest (aggregate 80% interest)
  • Upon Cazaly earning an interest in the Goongarrie Gold Project, Brightstar and Cazaly shall form a Joint Venture
  • Brightstar’s exploration strategy remains focused on improving and growing existing mineral resources at projects with granted mining leases and near-term commercialisation pathways, such as the Sandstone, Menzies and broader Laverton project areas

Brightstar’s Managing Director, Alex Rovira, commented:

“With our focus on development and mining operations across the broader Eastern Goldfields and Murchison regions, we are delighted to have attracted a quality partner in Cazaly to explore the Lake Goongarrie area in greater detail, while retaining exposure and upside to exploration success with the joint venture.

Our focus in the general Menzies area is on the Lady Shenton System where we are defining a large open pit mining complex as part of our DFS, whilst we continue to explore and assess other deposits such as Yunndaga and the Link Zone for future mining opportunities to increase our operational footprint in the Menzies area.”

Under the Term Sheet, Cazaly is granted an option, exercisable within 90 days, to elect to earn up to an 80% interest in the Goongarrie Gold Project shown in Figure 1 (which is a combination of wholly owned tenements and tenements where Brightstar holds gold rights). The exercise of the option by Cazaly is subject to satisfaction of certain conditions precedent, including due diligence on the Goongarrie Gold Project by Cazaly, the tenements being in good standing and certain deeds of assignment being entered into with parties that have rights in respect of the Goongarrie Gold Project.


Click here for the full ASX Release

This post appeared first on investingnews.com