The Richest State
Author

admin

Browsing
Investing

Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

(TheNewswire)

VANCOUVER September 12, 2025 TheNewswire – Providence Gold Mines Inc. (‘Providence’ or the ‘Company’) is pleased to announce a non brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units oof the Company (each a ‘Unit’) the (‘Private Placement’). Each Unit will consist of one Common Share and one full Warrant exercisable for a period of two years. The Unit is priced at $0.05 for one Common Share in the Capital of the Company (a ‘Common Share’) and one nontransferable full Warrant. Each nontransferable Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 for a period of 24 months from the date of closing of the Private Placement will be subject to the approval of the TSXV.

All securities issued with respect to the Private Placement will be subject to a four month plus one day hold period from the date of issuance in accordance with applicable securities laws. Closing of the Private Placement is subject to all necessary regulatory approvals. The Company intends to issue the Units pursuant to the prospectus exemptions set out in National Instrument 45-106- Prospectus Exemptions including the accredited investor exemption and family, friends, and business associates’ exemption.

The Company intends to use funds from the net proceeds for Regulatory Fees, sampling and evaluation of the existing potential underground mineralization at the La Dama De Oro , historical ‘Ace in the Hole stope’ , located near surface, geochemical surface survey and administration

As reported previously, an NI 43 101 has been submitted to the TMX V Exchange for review and approval., The Regulators initial review determined that the submission would be treated as a Fundamental Transaction requiring additional information and the Company is responding accordingly.

Property Summary:

Permits for a Bulk Sample, Water, Road Access, Environmental, Plan of Operation, Mill Site have been approved. To date, there has not been any known drilling or modern-day Scientific exploration or identified NI 43 101 resources.

The La Dama de Oro Property is in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural history of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.

The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration for over 6,000 feet. The gold system has robust potential not just within the La Dama de Oro vein, but as well for additional undiscovered veins along the fault system.

Ronald A. Coombes, President & CEO commented; ‘having all permits in place gives certainty to realize potential future opportunity for production at the La Dama de Oro mine ‘ .

The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.

For more information, please contact Ronald Coombes, President, and CEO directly at

6047242369.

Ronald A. Coombes, President & CE

Phone: 604 724 2369

roombes@providencegold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and or 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.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
World

Engravings on shooter’s ammo exposes Charlie Kirk assassination motive

The rifle that federal investigators believe was used in the shooting that killed conservative activist Charlie Kirk contained ammunition inscribed with anti-fascist messaging, shedding light on the suspect’s motive.

Utah Gov. Spencer Cox confirmed the messaging at a news conference Friday, saying investigators discovered inscriptions on casings found with a bolt-action rifle near the Utah Valley University campus, where Kirk was killed during an event.

One used casing and three unused casings contained the writings, Cox said.

News of the ammunition inscriptions was first shared on social media Thursday morning in a preliminary bulletin attributed to the Bureau of Alcohol, Tobacco, Firearms and Explosives. 

According to the bulletin, circulated on X by political commentator Steven Crowder, federal officials recovered a .30-06 caliber Mauser rifle in the woods that contained ‘engravings,’ including messaging expressing anti-fascist ideology and other messages.

Fox News Digital confirmed the veracity of the ATF bulletin through talking to multiple sources, but the sources stressed on Thursday that the information was preliminary.

The information about the firearm surfaced nearly 24 hours after Kirk, 31, was shot and killed during a speaking engagement in Utah. Both his graphic death and the scant public information revealed in the early hours of the investigation into his killing left the nation reeling and revived heated debate about political violence in the U.S.

Law enforcement officials worked frantically in the aftermath of Kirk’s death to track down and arrest the gunman, who they announced Friday was Tyler Robinson, a 22-year-old Utah man.

Cox on Friday called the shooting a ‘political assassination.’

‘This is certainly about the tragic death, assassination, political assassination of Charlie Kirk, but it is also much bigger than an attack on an individual,’ Cox said. ‘It is an attack on all of us. It is an attack on the American experiment.’

FBI Director Kash Patel laid out the timeline of the investigation Friday, saying it took the FBI and Utah law enforcement 33 hours to make an arrest. Patel said authorities made ‘historic progress’ in such a short duration of time.

The FBI’s Salt Lake City Field Office released an image Thursday of a man they had said was a ‘person of interest’ in Kirk’s death and asked the public for help identifying him. The bureau also announced it was offering a $100,000 reward for information leading to his capture. Cox said a tip from a family friend of Robinson’s led to his arrest.

This post appeared first on FOX NEWS

Keep Reading
World

Top conservative speakers vow they ‘will not be silenced’ after Charlie Kirk’s assassination

After the assassination of conservative commentator Charlie Kirk sent shockwaves through the political landscape this week, Fox News Digital spoke to several high-profile conservative speakers about the future of the movement and the influence Kirk’s legacy and style will have on it. 

‘Conservatives will not be silenced,’ Heather Mac Donald, Thomas W. Smith Fellow at the Manhattan Institute and a contributing editor of City Journal, told Fox News Digital, adding that Kirk ‘would not have been silenced’ so conservatives should ’emulate his courage.’

Columnist and commentator Bethany Mandel told Fox News Digital that Kirk’s assassination was ‘absolutely an effort to try to silence conservatives’ and that ‘we have to resist the temptation to allow that.’

‘We need to keep speaking out and double down on not only Charlie’s message, but his methodology,’ Mandel said.

Kirk was assassinated on Wednesday while speaking to thousands of students at Utah Valley University when a gunman positioned on a nearby roof fired a single shot, striking Kirk in the neck.

Kirk was rushed to Timpanogos Regional Hospital, where he was pronounced dead, prompting an outpouring of support from conservatives across the globe, including President Trump who called the killing a ‘dark moment for America.’

On Friday, authorities announced that they had arrested a suspect, 22-year-old Utah resident Tyler Robinson.

‘Charlie Kirk was a good man,’ John Ashbrook, co-host of the conservative podcast Ruthless, told Fox News Digital. ‘And his legacy will endure because none of us will ever forget his leadership nor the voice he provided for millions of regular people across this country.’

Mac Donald told Fox News Digital that it is ‘hard to imagine’ Kirk was killed for ‘any other reason than that he was breaking the stranglehold of anti-Western ideology on college campuses and beyond.’

‘It was sadly fitting that he was killed at a college campus, and not even one known for its leftward leanings, since colleges are the seed bed of modern day speech suppression and the false equations that political contrarian speech = hate speech and that hate speech may be snuffed out—apparently by any means necessary,’ Mac Donald said. 

‘The killer apparently agreed with those would-be censorers.  The self-centeredness and historical and moral ignorance of coddled American students has bloomed into something more pernicious, as the beatification of Luigi Mangione already showed.’

Going forward, in terms of security at events for prominent conservative speakers, Mandel called on campuses and cities that ‘claim to care about the future of America and civil discourse’ to step up and ‘ensure adequate security.’

‘We should not have to pay tax in the form of security in order to safely share our political opinions,’ Mandel told Fox News Digital. 

Conservatives have rallied around Kirk’s style of speaking out publicly and exchanging ideas with those who disagree, including prominent influencer Ben Shapiro who wrote on X that ‘we will never stop debating and discussing.’

‘We will never stop standing up for what America is and what she should be,’ Shapiro said, adding that he intends to continue speaking at colleges across the country despite the inherent dangers. 

Mac Donald told Fox News Digital, ‘It is a cliché and self-serving to say: they fear us because we are winning, but presumably, there is less of a perceived need to efface someone who is losing a cause anyway. Kirk was feared because he was winning.’

This post appeared first on FOX NEWS

Keep Reading
World

Karine Jean-Pierre arrives for House Oversight grilling in Biden autopen probe

Former White House press secretary Karine Jean-Pierre is appearing before the House Oversight Committee on Friday for a high-profile interview on whether senior staffers worked to obscure signs of mental decline in then-President Joe Biden.

Jean-Pierre is one of the highest-profile figures so far to appear before the committee, having been the most public-facing spokesperson for Biden from May 2022 until the end of his term.

The longtime Democrat-turned-Independent did not speak to reporters on her way into her closed-door transcribed interview with House investigators, which is scheduled to begin at 10 a.m. and is likely to last into the afternoon.

House Oversight Committee Chair James Comer, R-Ky., is investigating whether there was a cover-up of Biden’s mental and physical state in the White House, and whether any executive actions were approved via autopen without the then-president’s full awareness.

Of particular interest to committee investigators are the myriad clemency orders Biden signed, including about 2,500 toward the end of his presidency that were executed via autopen.

Biden himself told The New York Times recently that he made every clemency decision on his own. His allies have also blasted the Republican-led probe as a partisan exercise.

Jean-Pierre was among those who publicly defended Biden in the wake of his disastrous June 2024 debate against then-candidate Donald Trump. She told reporters at a press briefing in early July that Biden was ‘as sharp as ever.’

But unlike other ex-Biden administration aides who have appeared ahead of her – many of whom still hold close ties and fierce loyalty to Biden – Jean-Pierre had a very public falling out with their world earlier this year.

In June, Jean-Pierre announced she was writing a book titled ‘Independent: A Look Inside a Broken White House, Outside the Party Lines.’

She also announced she was leaving the Democratic Party in a press release for that book, expected in October 2025.

A summary for her book suggests it is about ‘the three weeks that led to Biden’s abandonment of his bid for a second term and the betrayal by the Democratic Party that led to his decision.’

The announcement was reportedly met with scorn by others in Biden’s orbit.

‘The hubris of thinking you can position yourself as an outsider when you not only have enjoyed the perks of extreme proximity to power — which…bestows the name recognition needed to sell books off your name — but have actively wielded it from the biggest pulpit there is, is as breathtaking as it is desperate,’ one former official told Axios.

Another person told the outlet she ‘was one of the most ineffectual and unprepared people I’ve ever worked with.’

Comer sent a letter to Jean-Pierre in late June asking her to appear for an interview, in which he pointed out she was ‘a trusted inner-circle confidante’ and ‘near the president daily.’

‘Your assertion, on multiple occasions, that President Biden’s decline was attributable to such tactics as ‘cheap fakes’ or ‘misinformation’ cannot go without investigation. If White House staff carried out a strategy lasting months or even years to hide the chief executive’s condition — or to perform his duties — Congress may need to consider a legislative response,’ Comer wrote.

This post appeared first on FOX NEWS

Keep Reading
World

Rubio warns Brazil of US response after Bolsonaro’s conviction for plotting a coup

U.S. Secretary of State Marco Rubio said on Thursday that the U.S. would respond after former Brazilian President Jair Bolsonaro was convicted of plotting a coup to remain in power after his loss in the 2022 election, although the secretary did not go into detail about what a U.S. response would look like.

‘The political persecutions by sanctioned human rights abuser Alexandre de Moraes continue, as he and others on Brazil’s supreme court have unjustly ruled to imprison former President Jair Bolsonaro,’ Rubio wrote on X.

‘The United States will respond accordingly to this witch hunt,’ he continued.

Brazil’s Foreign Ministry argued that Rubio’s comment represented a threat that ‘attacks Brazilian authority and ignores the facts and the compelling evidence in the records.’

The ministry said Brazilian democracy would not be intimidated by the U.S. government.

Bolsonaro was sentenced to 27 years and three months in prison when he was convicted by the country’s Supreme Court on Thursday on charges of plotting a coup to stop President Luiz Inácio Lula da Silva from taking office in January 2023.

The former Brazilian leader was a close ally of U.S. President Donald Trump during the first Trump administration.

‘Well, I watched that trial. I know him pretty well. I thought he was a good president of Brazil, and it’s very surprising that could happen very much like they tried to do with me, but they didn’t get away with it at all,’ Trump told reporters, noting the legal cases against the U.S. president in recent years at the state and federal level, which included his conviction in New York.

‘But I can always say this: I knew him as president of Brazil. He was a good man,’ he added.

Trump has criticized the Brazilian judicial system and threatened tariffs on the country for its case against Bolsonaro.

In July, the U.S. president placed 50% tariffs on most Brazilian goods in response to a ‘witch hunt’ against Bolsonaro. He later exempted some Brazilian exports, including passenger vehicles and numerous parts and components used in civil aircraft.

Brazilian Supreme Court Justice Alexandre de Moraes, his unspecified allies on the court and his immediate family members will face visa revocations, according to Rubio, who criticized what he called a ‘political witch hunt’ against the former president.

That same month, Rubio announced visa revocations on Brazilian Supreme Court Justice Alexandre de Moraes, who presided over Bolsonaro’s criminal case, and his unspecified allies on the court after the court issued search warrants and restraining orders against Bolsonaro.

The U.S. Treasury Department had also sanctioned the judge over allegations of authorizing arbitrary pre-trial detentions and suppressing freedom of expression.

Bolsonaro’s son, Brazilian Congressman Eduardo Bolsonaro, said he anticipates additional U.S. sanctions against Brazilian justices following his father’s conviction.

‘We are going to have a firm response with actions from the U.S. government against this dictatorship that is being installed in Brazil,’ he told Reuters on Thursday.

He warned that justices who voted to convict the former president could face sanctions under the Magnitsky Act, which was previously used by the Trump administration against de Moraes.

‘If these Supreme Court justices keep following Moraes, they also run the risk of facing the same sanction,’ he said.

Reuters contributed to this report.

This post appeared first on FOX NEWS

Keep Reading
World

Secret Service agent details ‘textbook ambush,’ bizarre self-representation in Ryan Routh trial

The first day of opening statements in Ryan Routh’s federal trial ended with Judge Aileen Cannon noting the case was ‘moving at a pretty fast clip,’ after a lengthy day of testimony that put the Secret Service agent who spotted Routh in the bushes, a civilian witness who chased him down, and FBI agents on the stand.

Routh is accused of attempting to assassinate President Donald Trump last year while he was golfing.

The morning began with Routh’s own rambling opening statement, which lasted just seven minutes before Cannon cut him off for going off-topic.

‘What is intent? … Why are we here? What is our intent? To love one another … Is this so difficult?’ Routh asked. He went on to reference Adolf Hitler, Vladimir Putin, Sudan’s civil war and Israeli Prime Minister Benjamin Netanyahu.

‘We have limited patience, and you don’t have unlimited license to go forward and make a mockery of the dignity of this courtroom,’ Cannon told him.

Federal prosecutors opened their case against Routh on Thursday, telling the 12 jurors he had come ‘within seconds’ of assassinating Trump during a round of golf in West Palm Beach last year.

Assistant U.S. Attorney John Shipley read Routh’s own words to the jury — ‘Trump cannot be elected’ and ‘I need Trump to go away’ — before laying out what he described as a ‘deadly serious’ plan to kill a major presidential candidate.

Shipley said Routh had traveled from Hawaii to the mainland with a Chinese military-grade assault rifle, 20 rounds of ammunition, 10 burner phones, three aliases, stolen license plates and ‘a trail of lies from Honolulu to Florida.’

Jurors then heard from Special Agent Robert Fercano, who testified he was five feet away when he saw Routh’s face and the barrel of a rifle pointing directly at him on the sixth hole of Trump International Golf Course. ‘

‘This appeared to be a textbook ambush scenario,’ he told the jury, describing how he fired while walking backward to cover. Prosecutors showed the Chinese-made SKS rifle and played Fercano’s radio calls, where ‘shots fired, shots fired, shots fired’ could be heard.

Routh, representing himself, opened his cross-examination with: ‘Good to see ya. First question, is it good to be alive?’ Fercano replied, ‘Yes, it is good to be alive.’ The agent repeatedly identified Routh as the man who smiled at him from the bushes.

Later, jurors heard from Tommy McGee, a mental health professional who testified he saw a frantic man running from the golf course and later helped authorities track down Routh’s black Nissan Xterra. McGee identified Routh in court and in video shown to the jury. Routh’s cross-examination drew objections after he asked McGee if he supported Trump and whether ‘Madea, Beyoncé and Michelle Obama will be mad’ if he did.

Additional agents who testified described recovering the rifle and other gear, and processing Routh after his arrest. One FBI agent displayed the clothing Routh allegedly wore the day he was captured, along with a debit card in his name.

Routh’s questions grew increasingly odd as the afternoon wore on — at one point asking an agent whether ‘someone who loses things’ might drill a hole in a debit card to keep it on a key ring.

Routh has pleaded not guilty to federal charges of attempting to assassinate a major presidential candidate and assaulting a federal officer. Prosecutors say he had been armed with an AK-style rifle when Secret Service agents stopped him near Trump’s golf course in West Palm Beach in September 2024. The attempt came just months after Trump had been shot and narrowly survived an assassination attempt in Butler, Pennsylvania.

The trial resumes Friday morning in Fort Pierce federal court.

This post appeared first on FOX NEWS

Keep Reading
Investing

Homerun Resources Inc. Signs Binding LOI for the Acquisition of Additional Mineral Rights in the Santa Maria Eterna Silica Sand District

News Release Highlights:

  • Homerun has now secured ownership and supply agreements covering the entire Santa Maria Eterna Silica Sand District.
  • The new Pedreiras concession is fully permitted with a low royalty rate of R$ 30.17 per extracted tonne.
  • The Pedreiras concessions have been drilled to a depth of 8 metres with a 32 million tonne resource filed at the Agência Nacional de Mineração (ANM).
  • The Company’s target resource under the three CBPM Lease acquisitions now exceeds 200 million tonnes.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce it has signed a binding Letter of Intent (LOI) with Pedreiras do Brasil S.A. (‘Pedreiras’) a company controlled by Vitoria Stone, dated September 10, 2025, securing the rights to exploit the Pedreiras mining tenement (871.7212021, 246.36 hectares) at the Santa Maria Eterna Silica Sand District in the municipality of Belmonte, Bahia, Brazil, granted under a lease agreement with Companhia Bahiana de Pesquisa Mineral (CBPM).

This LOI enables Homerun to acquire all exploitation rights and obligations currently held by Pedreiras under the CBPM Lease, on a measured resource of 32 million tonnes (auger drilled to 8 metres) filed at the ANM and is fully permitted with a royalty payment to CBPM of R$30.17 per extracted tonne. (the ‘Acquisition’).

This is now the third CBPM lease acquisition by Homerun marking a significant step in the continuing strategic plan to consolidate control over the Santa Maria Eterna Silica Sand District. By controlling the district, Homerun secures uninterrupted access to a unique large-tonnage high-purity silica sand district, solidifying supply chains, enabling a competitive advantage in vertical integration, achieving pricing power and removing market competition. It also strengthens Homerun’s position when seeking funding or strategic partners as the Company can offer certainty of secure long-life supply and scale. The Company’s target resource over the areas of the three acquisitions now exceeds 200 million tonnes, including a current NI 43-101 mineral resource estimate of 63 million tonnes. This strategic consolidation has been achieved for total capital outlay of US$2.1 million, a fraction of the implied value based on the US$150 per tonne transfer price for the planned primary use-case in the Company’s Solar Glass Manufacturing facility which is being built next to these resources.

Brian Leeners, CEO of Homerun stated, ‘This marks a major milestone for Homerun. With district control we are positioned to unlock the full potential of Santa Maria Eterna. Our team has delivered this consolidation with minimal capital, laying the foundation for significant value creation as we advance towards production. We want to thank our management team for this effort in strategically building significant asset value for Homerun and its shareholders.’

The transaction will be settled with US$1,200,000 in Homerun common shares (valued at CA$1.00 per share) and US$200,000 in share purchase warrants (exercisable at CA$1.00 per share). The issuance of the Homerun common shares and warrants will be subject to standard director, shareholder and regulatory approvals and specifically the approval of the TSX Venture Exchange. The Homerun common shares issued under the terms of this agreement will be subject to a standard 4-Month statutory hold period. Pedreiras agrees to contact Homerun regarding the sale of any Homerun common shares and also agrees to limit the sale of the Homerun common shares in any given month to 100,000 if required to sell.

Figure 1: location of existing Homerun controlled claims via CBPM Lease Agreement (red and blue) and the new claims under the Pedreiras Agreement (in black).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/266168_b188dd55f4d37bab_001full.jpg

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

  • Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.
  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

  • Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.
  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).
  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.
  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With multiple profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266168

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Stallion Uranium Announces Grant of Options

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that under the Company’s stock option plan dated October 8, 2024 (the ‘ Plan ‘), the Company has granted a total of 3,100,000 stock options (‘ Options ‘) to certain directors, officers and consultants of the Company.

Each Option is exercisable for one common share of the Company at an exercise price of $0.45 per share for a period of five years from the date of grant. 50% of the Options granted will vest immediately and 50% of the Options will vest in six months from the date of grant. All Options are subject to the terms of the Company’s Plan, applicable securities law hold periods and approval of the TSX Venture Exchange.

About Stallion Uranium Corp.:

Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

On Behalf of the Board of Stallion Uranium Corp.:

Matthew Schwab
CEO and Director

Corporate Office:
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

T: 604-551-2360
info@stallionuranium.com

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

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

WPIC: Platinum to Hit Third Annual Deficit as Supply Fails to Meet Demand

Platinum is heading for a third consecutive annual deficit in 2025, with the World Platinum Investment Council (WPIC) projecting an 850,000 ounce shortfall as demand continues to outpace weak mine supply.

In its latest Platinum Quarterly, the WPIC states that despite a 22 percent year-on-year decline in demand, a lack of metal is expected to create a supply shortfall that’s only 13 percent lower than 2024’s 968,000 ounce shortfall.

Its call comes amid a price breakout for platinum, which pushed past US$1,450 per ounce in July.

Why is the platinum market in deficit?

The biggest challenge for platinum has been weak refined production, which slipped to 1.45 million ounces during the quarter from 1.54 million ounces produced during the same time last year.

This has led the WPIC to predict a 6 percent decrease in primary supply to 5.43 million ounces, down from the 5.76 million ounces produced in 2024. Output declines in top producer South Africa have had outsized effects on supply, as Q1 output came in at just 713,000 ounces, as heavy rainfalls negatively impacted production.

Although output grew to 1.05 million ounces in the second quarter, it was still 8 percent lower than in Q2 2024.

Additional decreases to output are also expected in Zimbabwe and North America, slipping 4 percent and 26 percent, respectively. However, Russia is set to see a 1 percent rise in output, increasing to 686,000 ounces from 677,000 in 2024.

On a more positive note, recycling supply saw an increase to 423,000 ounces during Q2 from 379,000 reported in 2024. This has led the WPIC to predict a 6 percent annual increase to 1.6 million ounces from 1.52 million last year.

The majority of this increase comes from growth in automotive recycling, aided by higher platinum group basket prices. However, the WPIC notes that despite the growth, recycling will remain depressed compared to historic levels.

The WPIC predicts an overall supply decrease of 3 percent in 2025 to 7.03 million ounces, from 7.28 million ounces in 2024. With three years of deficits, the group is also expecting further drawdowns of above-ground stocks with a 22 percent decrease to 2.98 million ounces, representing four and a half months of demand coverage.

In recent years, stockpiles have fallen from 5.51 million ounces in 2022 to 4.8 million ounces in 2023 and 3.83 million ounces in 2024.

“I don’t think we’re going to see any meaningful mine supply response at these levels. It’s also worth bearing in mind that these are, for the most part, deep-level underground mines. So even if we had another 50 percent increase in the basket price, you’re still not going to see a supply response over the near to medium term,” he said.

Watch Sterck discuss the platinum market.

He went on to explain that development times for mining operations will take several years and wouldn’t be possible on time frames shorter than 18 months.

“Recycling is definitely much more price elastic than mine supply over the near to medium term,” Sterck said.

However, he added that while people tend to scrap vehicles at a consistent rate, the pace and overall supply entering the market from the auto sector is constrained.

“Yes, we’ve seen quite a big increase in the platinum price year to date, but it’s not the main driver of the economics for those scrap aggregators and recyclers. It’s really more of a palladium story, even more so than rhodium. So, you need a sustained increase in palladium prices to drive a meaningful change there,” Sterck said.

Demand to weaken in 2025, jewelry a bright spot

Despite the expected deficit, the WPIC expects demand to weaken this year.

Q2 saw automotive demand fall to 769,000 ounces, down from 788,000 ounces in the year-ago period.

The WPIC’s expectation is that the auto sector will require 3.03 million ounces of platinum in 2025, a 3 percent decrease from the 3.11 million ounces needed in 2024. Likewise, the council is expecting a decrease in industrial demand for the metal as consumption drops off by 22 percent to 1.9 million, down from 2.42 million ounces last year.

Jewelry demand, however, has been on the rise, with the expectation that it will increase by 11 percent to 2.23 million ounces in 2025. The WPIC suggests the higher growth is owed to its discount relative to gold, and notes that it is seeing the most substantial increase in China — fabrication is seen growing 42 percent in 2025 to 585,000 ounces.

“What’s driving that increase has been fabrication funded by wholesalers, and they’re promoting platinum because they’ve seen a huge drop in their gold jewelry sales,” Sterck explained.

Despite an increase in holdings of bars, coins and exchange-traded funds, overall investment demand was dragged down in Q2 by a 317,000 ounce decrease in stocks held in exchanges due to tariff-related concerns.

Sterck said ongoing uncertainty in the platinum market earlier this year caused physical metal to shift from overseas markets into the US as traders began to worry about tariffs being applied.

Although movement reversed as traders were told tariffs wouldn’t be applied, fears were later stoked when copper tariffs were announced, and an “ideological disconnect” between the White House and South Africa emerged.

“Given that the current US administration has shown that it is willing to use tariffs as a kind of stick, if you like, for enacting foreign policy, you kind of come back to this sort of whole situation where there’s a non-zero chance of platinum being subject to tariffs in the US,” Sterck commented during the conversation.

Overall, the WPIC expects total platinum demand to drop by 4 percent year-on-year in 2025 to 7.88 million ounces.

Will the platinum price rise further in 2025?

Fundamentals should remain the primary driver for platinum. Despite weakening demand through the first half of 2025, a structural deficit in the market still exists due to a lack of supply to close the gap.

However, Sterck suggested the mining supply is likely to increase before the end of the year.

“This year was particularly accentuated by flooding in South Africa during the first quarter of the year, so we do expect a bit of an increase in mining supply,” he said. However, he also noted that until there are more significant changes to the amount of supply, the price conditions aren’t likely to change much.

“Fundamentally, at the moment, it just appears that the platinum price at current levels isn’t sufficient to attract enough metal into the market to really ease those market conditions,” Sterck noted.

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

This post appeared first on investingnews.com

Keep Reading
Investing

Canada’s First Set of Nation-Building Projects Paves Way for Mining, Energy Operations

Canadian Prime Minister Mark Carney has announced the country’s first five nation-building projects.

In March and April, the Build Canada Strong platform was a cornerstone of Carney’s election campaign, which came amid increasing trade tensions between Canada and the US. Among his promises was to create a Major Projects Office (MPO) that would review projects deemed to be in the national interest.

That office was established over the summer, with a release saying it would be headquartered in Calgary and overseen by former TransAlta (TSX:TA,NYSE:TSE) and Trans Mountain CEO Dawn Farrell.

The MPO was created as part of a shift in the regulatory framework for approving infrastructure and resource projects in Canada. Part of that will involve streamlining reviews and assessments, as well as reducing duplication between the federal and provincial governments, an issue that has hindered investment in Canada over the last 20 years.

“One of many studies has shown that the regulatory requirements in Canada have increased by more than 40 percent since 2006 and that’s been suppressing investment growth by 9 percent,” Carney said on Thursday (September 11).

In his statement, the prime minister introduced the first tranche of projects, and suggested the second will be announced before the Canadian Football League’s Grey Cup match, scheduled for November 16.

He also outlined criteria for projects to be covered by the MPO. They must be in the national interest, and must strengthen Canada’s autonomy, resilience and security; they must also have clear benefits for Canadians.

The first group of projects selected by the MPO has already seen significant development.

The prime minister noted that they have already been through extensive consultation with Indigenous communities, and have worked with provincial and territorial governments to meet necessary regulatory standards.

For these, Carney said the goal is for the MPO to get them across the finish line.

“In some cases, they are in the last stages of regulatory approvals. In most cases, there is some aspect of the financing or support packages for the projects that remain to be determined,” he said.

Mining, energy projects highlighted in first tranche

Among the first five projects featured are three involving Canada’s mining and energy sectors:

        Additionally, the MPO has committed to supporting the Darlington New Nuclear Project in Clarington, Ontario. This project aims to develop the first small modular reactor in a G7 country.

        The MPO will also help speed up the expansion of the Contrecour Terminal container project at the Port of Montreal. This expansion is expected to boost shipping volumes along the St. Lawrence Seaway.

        A project that could be included in a future announcement is the Pathways Plus carbon capture project, which the prime minister said will eventually lead to further oil sands development and the construction of a pipeline to reach markets beyond the US. Additionally, Carney said the MPO is looking at upgrades to the Port of Churchill, as well as an Arctic economic and security corridor, a high-speed rail corridor between Toronto and Québec City and Wind West Atlantic Energy, which would provide wind power to the provinces on the Atlantic coast.

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

        This post appeared first on investingnews.com

        Keep Reading