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Cornerstone investor brings proven regional track record; company now fully funded into 2026 for multi-project advancement in Colombia

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its upsized non-brokered private placement of 11,525,299 units of the Company (each, a ‘Unit’) at a price of C$0.35 per Unit for gross proceeds of $4,033,854 (the ‘Offering’).

Each Unit is comprised of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months expiring on July 4, 2028.

As previously disclosed, the upsizing was driven by a single investor group with a long-term outlook and a successful track record of supporting exploration and development projects in South America. The Company views this as a strong endorsement of its team, strategy, and pipeline of high-potential assets across Colombia’s Antioquia district.

‘With this raise, we are now well-funded into 2026,’ said Alexandre P. Boivin, President & CEO. ‘These funds will allow us to deepen our work at the Tahami South project while expanding efforts across the broader portfolio. We’re committed to smart, disciplined execution and are very encouraged by the high conviction backing we’ve received.’

The proceeds from the Offering will be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

Clarification on Finder’s Fees and Warrants

The Company wishes to clarify that a cash commission of $16,800 was paid and 48,000 broker warrants were issued in connection with the Offering. However, as previously disclosed, no commissions or other broker compensation were paid on the strategic investment that drove the upsizing.

In connection with the Offering, the Shares, Warrants and broker warrants are subject to a four-month and one-day hold period expiring on November 4, 2025.

Insider Participation

Certain insiders of the Company participated in the Offering subscribing for an aggregate of 435,714 units for an aggregate subscription amount of $152,500. Each of the subscriptions from insiders constitutes a ‘related party transaction’ pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) thereof, respectively, as the common shares of the Company are not listed on a specified market and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

Appointment of Vice President, Business Development

Quimbaya is further pleased to announce the appointment of Sebastian Wahl as Vice President, Business Development. Mr. Wahl has served on the Company’s Board of Directors for the past six months and has played a pivotal role in shaping its strategic direction and external positioning.

Given his contributions to date and the Company’s growth trajectory, Mr. Wahl’s transition into an executive role is both timely and natural. As VP of Business Development, he will work closely with the CEO on capital markets initiatives, strategic partnerships, and internal structuring to ensure the Company is well-positioned for its next phase of growth.

‘Sebastian brings an exceptional network and a sharp sense of capital markets strategy,’ said Alexandre P. Boivin, President & CEO. ‘His insight and drive have already proven instrumental at the board level, and we’re excited to now have his energy full-time as we accelerate our momentum.’

Mr. Wahl’s appointment reinforces Quimbaya’s commitment to building a high-caliber leadership team capable of advancing its ambitious vision in Colombia and delivering value to shareholders.

Grant of Incentive Securities

The Company also announces that it has granted an aggregate of 1,730,000 restricted share units (RSUs) and 1,655,000 stock options to certain directors, officers, advisors, and consultants of the Company in accordance with its long-term performance incentive plan (the ‘LTIP‘). The stock options are exercisable at $0.50 per share for a period of three years.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com 

Jason Frame, Manager of Communications jason.frame@quimbayagold.com, +1-647-576-7135‎

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discover and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

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

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257712

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On Monday (June 30), Statistics Canada released its natural resource indicator report for the first quarter of 2025.

The data shows a 1.6 percent growth quarter-over-quarter in the real gross domestic product (GDP) of the sector during the three-month period, indicating that the sector outpaced the broader economy, which posted an increase of just 0.5 percent.

The energy subsector led the way with a 2.2 percent gain, driven by increases of 2 percent in crude oil and 3.4 percent in electricity.

The minerals and mining sector increased by just 0.4 percent overall. Within it, the manufacturing of metallic mineral products grew 4 percent, and non-metallic mineral extraction rose 3.2 percent. On the other hand, metallic mineral extraction declined by 2.9 percent

Although real GDP increased, exports declined at the start of the year. Energy exports fell by 1.8 percent, due to a 12.4 percent decrease in outgoing refined petroleum products. Similarly, mineral and mining exports were also down by a more modest 0.9 percent.

South of the border, the “One Big Beautiful Bill” was passed by the US Congress on Thursday (July 3). The legislation is a cornerstone policy of President Donald Trump’s economic policy and includes several significant tax and spending cuts.

Among the provisions is an extension of US$4.5 trillion in tax breaks originally enacted by Trump in 2017 during his first term.

The package will increase defense and national security spending, including significantly increased funding for Immigration and Customs Enforcement and money earmarked for the development of the “Golden Dome” missile defense system.

To offset the decrease in tax income and increase in spending, the government made US$1.2 trillion in cuts to Medicaid and food stamps and clawed back green energy tax credits.

Critics of the bill have warned that it would result in increased deficit spending by the government, as shortfalls are expected to add more than US$3.3 trillion to the federal deficit over the next decade.

Markets and commodities react

In Canada, markets were closed on Tuesday (July 1) for the Canada Day holiday. Equity markets saw moderate gains this week with the S&P/TSX Composite Index (INDEXTSI:OSPTX) rising 1.24 percent to close at 27,036.16 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, gaining 3.9 percent to 755.22, while the CSE Composite Index (CSE:CSECOMP) climbed 1.9 percent to 120.92.

Markets in the US also had a shortened week and were closed on Friday for the July 4 holiday. US equities were also in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 2.09 percent to close Thursday at 6,279.36, the Nasdaq 100 (INDEXNASDAQ:NDX) climbing 1.7 percent to 22,866.97 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rising 0.77 percent to 44,828.54.

The gold price rose 1.85 percent to US$3,333.90 by Friday at 4 p.m. EDT, while the silver price ended the week up 2.39 percent to US$36.85.

In base metals, the COMEX copper price was unchanged this week at US$5.12 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) gained 1.49 percent to close at 552.55.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Mkango Resources (TSXV:MKA)

Weekly gain: 90 percent
Market cap: C$147.17 million
Share price: C$0.57

Mkango Resources is a rare earths exploration and development company focused on advancing rare earths mining and recycling projects.

The company owns the Songwe Hill rare earths project in Southeast Malawi. The property comprises 11 retention licenses and has undergone historic exploration dating back to the 1980s.

A July 2022 feasibility study for the property demonstrated economic viability with a post-tax net present value of US$559 million, an internal rate of return of 31.5 percent and a payback period of 2.5 years.

The report was based on a February 2019 mineral reserve estimate that reported measured and indicated total rare earth oxide (TREO) resources of 297,400 metric tons from 21.03 million metric tons of ore with an average grade of 1.5 percent and inferred resources of 366,200 metric tons of TREOs from 27.54 million metric tons of ore with an average grade of 1.33 percent.

The company is also developing the Pulawy rare earth separation plant in Poland in partnership with Grupa Azoty Zakłady Azotowe. Once complete, the plant is expected to produce 2,000 metric tons per year of neodymium, praseodymium and didymium oxides. It will also produce 50 metric tons per year of dysprosium and terbium oxides.

Additionally, Mkango holds a 79.4 percent interest in Maginito, which owns HyProMag, a company specializing in the recycling of rare earth magnets. The remaining 20.6 percent interest is held by CoTec Holdings (TSXV:CTH,OTCQB:CTHCF).

Shares in Mkango were up this week after the company announced on Thursday that it had entered into a definitive business combination agreement with Crown PropTech Acquisitions. The company stated that its subsidiary, Lancaster Exploration, and other subsidiaries would merge with Crown PropTech to create what it describes as a vertically integrated, global rare earths platform that incorporates Songwe Hill and the Pulawy separation plant. The combined entity will be named Mkango Rare Earths and trade on the Nasdaq.

Following the deal, which is targeted to close in Q4, Mkango will focus on its rare earths recycling business.

2. Lithium South (TSXV:LIS)

Weekly gain: 50 percent
Market cap: C$55.61 million
Share price: C$0.18

Lithium South is an exploration and development company working to advance its Hombre Muerto North lithium brine project in Argentina. The property consists of nine concessions covering a land package of 5,687 hectares.

According to its April 2024 preliminary economic assessment, the company is planning to install production wells at the Tramo, Natalia Maria and Alba Sabrina concessions. The assessment demonstrated project economics with a post-tax net present value of US$934 million, an internal rate of return of 31.6 percent and a payback period of 2.5 years.

The included mineral resource estimate for the three concessions reported a combined measured and indicated lithium resource of 297,400 metric tons from 404.1 million cubic meters of brine with an average concentration of 736 milligrams per liter.

The most recent news from Lithium South was released on June 25, when the company provided an update on its environmental impact assessment. Lithium South said that it had received a response from the mining secretariat of the Salta Province regarding the assessment and was in the process of responding to obtain final approval, which would allow the company to construct a pilot plant for its definitive feasibility study.

3. Oceanic Iron Ore (TSXV:FEO)

Weekly gain: 46.81 percent
Market cap: C$55.61 million
Share price: C$0.345

Oceanic Iron Ore is an exploration and development company working to advance its Ungava Bay iron projects in Northern Québec, Canada.

The properties consist of 3,000 claims covering a total land package of 1,500 square kilometers across three project areas: Hopes Advance, Morgan Lake and Roberts Lake.

A January 2020 preliminary economic assessment for Hopes Advance presented project economics, showing a post-tax net present value of US$1.4 billion, an internal rate of return of 16.8 percent and a payback period of 6.7 years.

The report also included a mineral reserve estimate for Hopes Advance with a measured and indicated resource of 515 million metric tons of iron concentrate from 1.39 billion metric tons of ore with an average grade of 32.1 percent.

On Monday, Oceanic announced it settled C$139,666 in accrued interest from several debentures by issuing common shares at a price of C$0.24. While its share price didn’t move much on that news, it picked up steam significantly in the latter half of the week.

4. Excellon Resources (TSXV:EXN)

Weekly gain: 44.44 percent
Market cap: C$55.61 million
Share price: C$0.325

Excellon Resources is an exploration and development company that is advancing its recently acquired Mallay silver mine in Peru back into production.

Mining at the site produced 6 million ounces of silver, 45 million pounds of zinc and 35 million pounds of lead between 2012 and 2018 before the operation was placed on care and maintenance.

On June 24, Excellon announced that it had completed its acquisition of Minera CRC, and its Mallay mine and Tres Cerros gold-silver project in Peru.

Excellon began the court-supervised acquisition process in October 2024. On March 11, Excellon announced that it had entered into a definitive agreement with Adar Mining and Premier Silver, which resolved any outstanding disputes between Adar, Premier, and Minera, and paved the way to complete the transaction.

In the June release, the company stated that it will immediately commence the next phase of its strategy to restart the mine. As Mallay is fully permitted with infrastructure in place, Excellon is aiming for run-rate silver production in Q2 of next year.

Additionally, the company announced on Thursday that it had appointed Mike Hoffman to its board of directors. Hoffman has been in the mining sector for over 35 years, and has experience with developing mines in Latin America.

5. Benz Mining (TSXV:BZ)

Weekly gain: 40.54 percent
Market cap: C$121.72 million
Share price: C$0.52

Benz Mining is a gold exploration company that is focused on advancing projects in Québec and Western Australia.

Its flagship Eastmain project consists of an 8,000 hectare property located in Central Québec within the Upper Eastmain Greenstone belt. The most recent mineral resource estimate from May 2023 reported an indicated resource of 384,000 ounces of gold from 1.3 metric tons of ore grading 9 g/t gold, and an inferred resource of 621,000 ounces of gold from 3.8 metric tons grading 5.1 g/t.

Earlier this year, Benz acquired the Glenburgh and Mt Egerton gold projects in Western Australia from Spartan Resources (ASX:SPR). It has spent much of 2025 exploring Glenburgh, which covers an area of 786 square kilometers and features 50 kilometers of strike. The site hosts six priority extension targets and 5 kilometers of exploration trend with over 100 parts per billion gold.

A November 2024 mineral resource estimate for Glenburgh showed an indicated and inferred resource of 510,000 ounces of gold from 16.3 million metric tons of ore with an average grade of 1 g/t gold.

On June 30, the company reported that it had encountered high-grade intercepts during its drill program at Glenburgh. One hole returned a grade of 2.9 g/t over 72 meters which included an intersection of 5.1 g/t over 39 meters at a depth of 319 meters.

The company stated that the results represent a significant step forward in “understanding and expanding the gold system.”

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

 

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that, further to the Company’s news releases dated May 14 th 2025 and May 21 st 2025, the TSX Venture Exchange (‘ TSX-V ‘) has approved the resumption of trading of the Company’s common shares. Trading will recommence on the TSX-V effective at markets’ open on July 7 th 2025. The Company is also pleased to announce that, further to its news release of November 28 th 2024, it has entered into a binding heads of agreement (the ‘ Heads of Agreement ‘) dated June 7 th 2025 amongst 1503571 B.C Ltd. (‘ 150 BC ‘), the remaining common shareholders of 150 BC (the ‘ Shareholders ‘) and Resolution Minerals Ltd. (‘ RML ‘), an ASX Listed Issuer, pursuant to which RML shall acquire all of the issued and outstanding shares of 150 BC.

 

The approval follows the revocation of the previously announced Cease Trade Order (‘ CTO ‘) issued by the British Columbia Securities Commission on May 7 th , 2025, as a result of the Company’s failure to file its audited annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended December 31 st , 2024 (the ‘ Annual Filings ‘).

 

The CTO was issued under Multilateral Instrument 11-103 – Failure-To-File Cease Trade Orders In Multiple Jurisdictions and prohibits the trading or purchase by any person or company of any securities of the Company in each jurisdiction in Canada in which the Company is a reporting issuer for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of May 7 th , 2025) insiders or control persons of the Company who may sell securities of the Company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

 

Further, the Company announces that Winning Media LLC of Huston, Texas, provided marketing services through one ticker tag article via the Globe and Mail for a one-day term on February 28 th , 2024, in consideration of a payment of USD$3,500. The services are no longer in effect and were not reviewed nor approved by the TSX-V at the time the services were provided as required by the policies of the TSX-V.

 

With stronger internal controls now in place, Stallion remains focused on unlocking the significant potential of its exploration portfolio in the prolific Athabasca Basin, recognized globally for its high-grade uranium deposits. The Company looks forward to providing further updates on its upcoming exploration activities in the near future.

 

  Agreement to Sell Shares of 1503571 B.C. LTD.:  

 

Pursuant to the Heads of Agreement, Stallion, along with the Shareholders have agreed to sell their common shares of 150 BC (the ‘ 150 BC Shares ‘) to RML (the ‘ Transaction ‘). Stallion acquired its 11,111,111 150 BC Shares in connection with the optioning of the Horse Heaven Property, as described in its news release dated November 8 th , 2024.

 

In connection with the Transaction, RML shall make the following payments to the Shareholders, on a pro rata basis in proportion to their shareholdings in 150 BC: (i) an aggregate of 444,812,889 fully paid ordinary shares in the capital of RML (‘ Consideration Shares ‘); (ii) an aggregate of 222,406,445 options to acquire fully paid ordinary shares in the capital of RML exercisable at A$0.018 each on or before July 31 st 2028 (‘ Consideration Options ‘); (iii) pay the Shareholders an initial aggregate cash payment of A$600,000 on completion of the Transaction (‘ Completion ‘); and (ii) a second aggregate cash payment of A$400,000 payable within nine months of Completion.

 

Stallion’s pro rata interest in such consideration is anticipated to be: 59,466,963 Consideration Shares, 29,733,482 Consideration Options, and aggregate cash payments of A$145,033. The Consideration Shares shall be subject to contractual escrow whereby 25% shall be released on Completion, 25% on the three-month anniversary from Completion, 25% on the six-month anniversary from Completion, and the final 25% on the 12-month anniversary from Completion.

 

The Transaction is subject to due diligence, RML shareholder approval, regulatory approvals, and other customary conditions to closing. There can be no guarantee that the Transaction will be completed as anticipated, or at all. RML and the Shareholders are arm’s length parties to Stallion.

 

  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 and deposits.

 

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 .

 

   

 

 

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Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce an interview with Executive Chairman, Iggy Tan at the recent Lithium Supply & Battery Raw Materials Conference in Las Vegas. The interview was conducted by The Rock Stock Channel.

Interview Highlights

– Discussions with potential spodumene feedstock offtakers ongoing

– Further talks with potential OEMs on battery grade lithium carbonate offtake

– All work completed on Becancour Lithium Project – waiting for lithium market recovery

– Acquisition of global rights photovoltaic (PV) solar panel recycling technology

– ‘Microwave Joule Heating Technology’ (MJHT) from Macquarie University

– Utilizes microwave technology to selectively heat and delaminate PV cells

– Today only 15% of waste solar cells are recycled, rest end up in land fill

– Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

– To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

 

 

Contact:
Iggy Tan
Executive Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

 

 

News Provided by ABN Newswire via QuoteMedia

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In the wake of the 12-day war between Israel and Iran, the regime appears to be turning inward — escalating repression with chilling speed. 

According to Kasra Aarabi, director of IRGC research at United Against Nuclear Iran, the Islamic Republic is accelerating toward what he said is a ‘North Korea-style model of isolation and control.’

‘We’re witnessing a kind of domestic isolation that will have major consequences for the Iranian people,’ Aarabi told Fox News Digital. ‘The regime has always been totalitarian, but the level of suppression now is unprecedented. It’s unlike anything we’ve seen before.’

A source inside Iran confirmed to Fox News Digital that ‘the repression has become terrifying.’

Aarabi, who maintains direct lines of contact in Iran, described a country under siege by its own rulers. In Tehran, he described how citizens are stopped at random, their phones confiscated and searched. ‘If you have content deemed pro-Israel or mocking the regime, you disappear,’ he said. ‘People are now leaving their phones at home or deleting everything before they step outside.’

This new wave of paranoia and fear, he explained, mirrors tactics seen in North Korea — where citizens vanish without explanation and information is tightly controlled. During the recent conflict, Iran’s leadership imposed a total internet blackout to isolate the population, blocking Israeli evacuation alerts, and pushed propaganda that framed Israel as targeting civilians indiscriminately.

‘It was a perverse objective,’ Aarabi said, adding, ‘They deliberately cut communications to instill fear and manipulate public perception. For four days, not a single message went through. Even Israeli evacuation alerts didn’t reach their targets.’

The regime’s aim, he said, was twofold: to keep people off the streets and erode the surprising bond that had formed between Iranians and Israelis. ‘At the start of the war, many Iranians welcomed the strikes,’ Aarabi noted. ‘They knew Israel was targeting the IRGC — the very forces responsible for suppressing and killing their own people. But once the internet was cut and fear set in, some began to question what was happening.’

Dr. Afshon Ostovar, a leading Iran scholar and author of ‘Vanguard of the Imam: Religion, Politics, and Iran’s Revolutionary Guards,’ said domestic repression remains the regime’s most reliable strategy for survival. 

‘Repressing the people at home is easy. That’s something they can do. So it’s not unlikely that Iran could become more insular, more autocratic, more repressive — and more similar to, let’s say, a North Korea — than what it is today. That might be the only way they see to preserve the regime: by really tightening the screws on the Iranian people, to ensure that the Iranian population doesn’t try to rise up and topple the regime,’ he told Fox News Digital.

Inside the regime’s power structure, the fallout from the war is just as severe. Aarabi said that the Islamic Revolutionary Guard Corps (IRGC) is facing an internal crisis of trust and an imminent purge. ‘These operations couldn’t have taken place without infiltration at the highest levels,’ he said. ‘There’s immense pressure now to clean house.’

The next generation of IRGC officers — those who joined after 2000 — are younger, more radical and deeply indoctrinated. Over half of their training is now ideological. Aarabi said that these newer factions have begun turning on senior commanders, accusing them of being too soft on Israel or even collaborating with Mossad.

‘In a twist of irony, Khamenei created these extreme ideological ranks to consolidate power — and now they’re more radical than he is,’ Aarabi said. ‘He’s struggling to control them.’

A purge is likely, along with the rise of younger, less experienced commanders with far higher risk tolerance — a shift that could make the IRGC more volatile both domestically and internationally. With Iran’s conventional military doctrine in ruins, terrorism may become its primary lever of influence.

‘The regime’s three pillars — militias, ballistic missiles, and its nuclear program — have all been decapitated or severely degraded,’ Aarabi said. ‘That leaves only asymmetric warfare: soft-target terrorism with plausible deniability.’

Despite the regime’s brutal turn inward, Aarabi insists this is a sign of weakness, not strength. ‘If the Islamic Republic were confident, it wouldn’t need to crush its people this way,’ he said. ‘It’s acting out of fear. But until the regime’s suppressive apparatus is dismantled, the streets will remain silent — and regime change remains unlikely.’

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The first time I remember celebrating the Fourth of July was during the American bicentennial in 1976. As children living in New York City, my parents woke my sisters and I up early to see the Parade of Tall Ships as it entered the Hudson River. Even as a kid, this magnificent display conveyed to me a sense of the grand power of the U.S. The extraordinary event also offered me another feeling: that America, my home country, would do anything and everything in its power to keep me, my family, and indeed, all of its citizens, safe.

This Fourth of July, Americans will find themselves in two very different realities. Most will be surrounded by family and friends, enjoying baseball, hot dogs and ice cream cones. But for my American family, as well as dozens of other families of hostages, this day will be a stark contrast. On this day that celebrates freedom, my son Itay will spend the Fourth of July like he has the last 637 days – likely alone, in the cold, dark tunnels of Hamas in Gaza. He and 49 other hostages remain stripped of their freedom, while their families are in limbo, not able to embrace the holiday of independence. We need to remember, especially on this day, that Hamas is still holding Americans hostage, and 50 hostages in total.

On this day, we must look past the haze of fireworks and remember that the Fourth of July is about something more. It’s about celebrating our hard-fought, long-defended freedom and knowing that an attack on the freedom of any American – and taking them hostage – is an attack on the freedom of us all. Taking U.S. citizens as hostages should be a liability, not an asset, with severe consequences attached. So long as Hamas holds U.S. citizens, we are letting evil and terrorism win.

My son was 19 when he was taken hostage. On this Independence Day, he can no longer watch the Mets games with his brothers, something he loved and cherished. He can no longer try to strike me out in the neighborhood pickup game, or check in every five minutes at the grill asking when the food will be ready. On this Independence Day, his lack of freedom rings loudly.

This Fourth of July, my family and I will wake up again to the same nightmare we do every day, where every moment begs the same agonizing question: Where is my son, and what can we do to get him back?

Right now, all of our energy is focused on one thing. As every parent knows, when your child disappears from your sight – even for a few moments at a playground or store – panic sets in instantly. But when your child is kidnapped, especially by terrorists, the only thing you can think about is getting them back, whatever their condition. Until we can embrace Itay again, we cannot even begin to process what lies ahead or plan for the future. It’s impossible to move forward when this remains an open wound.

After the historic wins over Iran, Hezbollah, and yes, Hamas, now is the time for us to pause and adopt President Donald Trump’s policy of ‘Peace Through Strength.’ It is time for Israeli Prime Minister Benjamin Netanyahu to collaborate with the U.S. and bring the hostages back. The U.S. was successful last month in bringing New Jersey native Edan Alexander back home, independent of Israel, but it needs Israel to bring the remaining others out.

No fan of half-measures, President Trump is in a prime position to pull off the ‘Big Beautiful Deal,’ a comprehensive diplomatic initiative which would end hostilities in both Iran and Gaza, secure the release of all 50 remaining hostages in Gaza – including my son – and help stabilize the entire Middle East through a carefully negotiated framework.

President Trump is uniquely positioned to drive such an initiative forward. During his previous presidency, he successfully brokered the Abraham Accords, achieving what many had previously considered near impossible normalization between Israel and several Arab nations. The Big Beautiful Deal would be a direct extension of this diplomatic milestone, offering a more comprehensive and regional approach to peacemaking. The president’s unorthodox style has demonstrated that breakthroughs are possible even in the most entrenched conflicts.

America defined the values of freedom and human dignity that we celebrate on the Fourth of July. They didn’t come easily – we had to fight for them, good versus evil – and our continued defense of democracy is an essential part of the American identity.

In the last few months, my family has met Vice President JD Vance, FBI Director Kash Patel, Attorney General Pam Bondi and others who promise us that President Trump’s policy of ‘America First’ is not hollow words and ‘America First’ prioritizes the release of American hostages and those unlawfully detained all around the world, including Gaza. 

To date, the Trump administration has been able to release 47 such Americans, and we pray Itay will be one of them as well soon. This Fourth of July, keep in mind that there was an attack on our freedom on Oct. 7, and fellow Americans remain in captivity. I call on President Trump: Do everything in your power to quash terrorism, and ensure that freedom wins the day with the release of the hostages.

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Speaking to a crowd of supporters in Iowa on Thursday night, President Donald Trump announced that the military flight team that launched the strikes on Iran’s nuclear facilities will be honored at the White House on Independence Day.

Trump said that he took issue with early media reports suggesting that the strikes on Iran only partially damaged the targets because he considered it an insult to the ‘great’ American military members who executed the mission.

Remember when CNN said it wasn’t obliterated? It was maybe damaged or damaged badly, but obliterated is too strong a word. No, it was obliterated. That’s now been proven,’ said Trump.

They were trying to demean me by saying that, but they were really demeaning those great pilots and people and mechanics that got those planes over there and were able to shoot from high up in the air, going very, very fast, with potentially a lot of things being shot at them, and hit every single one,’ he said. ‘They’re trying to demean me, but to me, they were demeaning them. And they got out of the plane, and they said, ‘What? We hit every single target.’ They know better than anybody.’

These people did one of the greatest military hits and maneuvers in the history of our country, and I want them to be appreciated for it,’ the president went on. ‘So, they’re coming. They’re coming to the White House tomorrow night.’

They’re going to be in Washington tomorrow at the White House, and we’re going to be celebrating.’

Trump said the White House will host not only the pilots, but the entire flight crew, including ‘the people that flew the other planes’ and ‘the mechanics that had these planes going for 37 hours without a stop.’

China, Russia, they were all watching. Everybody was watching,’ he said. ‘We have the greatest equipment anywhere in the world. We have the greatest people anywhere in the world, and we have the strongest military anywhere in the world.’

During his address on Thursday, Trump also claimed that Iran called ahead of their retaliatory strike on the U.S. military base in Qatar to clear the attack with the White House.

They called me to tell me they have to take a shot at us. This was Iran. Very respectful. That means they respect us because we dropped 14 bombs. They said we’d like to take 14 shots at you. I said, ‘Go ahead, I understand,’’ he said.

‘They said where they would do it. I said, ‘Good.’ We emptied out the fort. It was a beautiful military base in Qatar who treated us really fantastically well,’ he said.

Trump claimed that Iran went so far as to ask what time of day would be acceptable for their retaliatory strike.

‘They said, ‘Sir, is 1:00 okay?’ I said it was fine, [they said], ‘We could make it later.’ And we had nobody but four gunners,’ he said. So, all of a sudden, they said, ‘We’re ready.’ And they were a little nervous about doing it. I want to tell, you can you imagine, they were nice enough – this is Iran – to call me and tell me that they would like to shoot me at 14 times, so they want to shoot us. And I said, go ahead. And they shot 14 high grade, very fast missiles every single one of them was shot down routinely by these four unbelievable gunmen. And they did their job. And that was the end of that.’

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North Korean officials accused the U.S. Department of Justice (DOJ) of running ‘an absurd smear campaign’ after announcing that it had unraveled several schemes by the Democratic People’s Republic of North Korea (DPRK) to fund the regime through remote information technology work for U.S. companies.

Earlier this week, the DOJ said North Korean actors were helped by individuals in the U.S., China, the United Emirates and Taiwan to obtain employment with over 100 U.S. companies, including Fortune 500 companies.

The scheme allegedly involved the workers getting laptops from the companies that hired them and allowing remote North Korean IT workers to remotely access the computers. In another scheme, North Korean IT workers used false identities to gain employment with a blockchain research and development company in Atlanta, Georgia, and steal over $900,000 in virtual currency.

As part of its announcement about the North Korean scheme, the DOJ unsealed a five-count indictment against Zhenxing Wang, a U.S. national living in New Jersey, who has since been arrested.

Wang and his co-conspirators, the DOJ said, obtained remote IT work with U.S. companies and generated over $5 million in revenue.

Also charged in the indictment are Chinese nationals Jing Bin Huang, Baoyu Zhou, Tong Yuze, Yongzhe Xu, Ziyou Yuan and Zhenbang Zhou. Taiwanese nationals Mengting Liu and Enchia Liu were also charged in the indictment.

Also indicted was U.S. national Kejia ‘Tony’ Wang, also of New Jersey, who was charged separately.

North Korean news agency KCNA reported that a spokesperson for the DPRK Foreign Ministry lambasted the U.S. judicial system for its actions against DPRK citizens on the suspicion of a cybercrime.

‘The recent incident is an absurd smear campaign and grave violation of sovereignty aimed at tarnishing the image of our state as it is a continuation of the hostile move of the successive U.S. administrations that have talked much about the non-existent ‘cyber threat’ from the DPRK,’ the spokesperson reportedly said. ‘The Foreign Ministry of the DPRK expresses serious concern over the U.S. judicial authorities’ provocation which is threatening and encroaching on the security, rights and interests of our citizens by fabricating the groundless ‘cyber’ drama, and strongly denounces and rejects it.’

The spokesperson accused the U.S. of creating ‘international cyberspace instability,’ and not the DPRK.

‘The U.S. has long been posing a constant threat to the cybersecurity of the DPRK and other sovereign states by making cyber space a scene of battle and abusing the cyber issue as a political weapon to tarnish the image of other countries and impair the exercise of their legitimate rights,’ the spokesperson said. 

‘The Democratic People’s Republic of Korea has the right to take a proper and proportionate countermeasure to thoroughly protect the security and rights of its citizens from the judicial enforcement for a sinister political purpose, and to call to strict legal account the outsiders who took malicious action,’ the spokesperson concluded.

The DOJ said the indictment alleges that from 2021 and through most of 2024, the defendants and other co-conspirators compromised the identities of over 80 people in the U.S. to obtain remote jobs at more than 100 companies. As a result, the victim companies incurred legal fees, computer network remediation costs and other damages and losses to the tune of at least $3 million.

Kejia and Zhenxing, along with at least four other U.S. facilitators, allegedly helped overseas IT workers with various parts of the scheme.

Kejia and Zhenxing allegedly established shell companies with websites and financial accounts to make it appear as though the overseas IT workers were affiliated with legitimate businesses in the U.S. Once established, the two allegedly received money from U.S. companies, and the funds were transferred to co-conspirators overseas.

In exchange for their services, Kejia, Zhenxing and the other four conspirators in the U.S. received at least $696,000 from the IT workers.

The DOJ said one of the companies the schemers allegedly accessed data from was a defense contractor that develops artificial intelligence-powered equipment and technology. By accessing the company’s data, the schemers were privy to International Traffic in Arms Regulations (ITAR), the DOJ said.

The DOJ also announced that the FBI and Defense Criminal Investigative Service (DCIS) seized 17 web domains used as part of the scheme, along with 29 financial accounts holding tens of thousands of dollars, used to launder revenue for the North Korean regime.

The DOJ unveiled another part of the scheme, which resulted in a five-count wire fraud and money laundering indictment against four North Korean nationals: Kim Kwang Jin, Kang Tae Bok, Jong Pong Ju and Change Nam II.

The suspects are accused of scheming to steal virtual currency from two companies, with a value of over $900,000 at the time of the thefts, and to launder the proceeds.

All four nationals, the DOJ said, are at large and wanted by the FBI.

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The Supreme Court ended its term last week, but the justices aren’t done yet, partly due to a legal blitz President Donald Trump has strategically deployed in his second term, one that’s proven surprisingly effective in advancing his sweeping agenda.

Lawyers for the Trump administration filed their 20th emergency application to the Supreme Court Thursday in just a 23-week period. 

The dizzying pace of applications comes as the administration looks to advance some of Trump’s sweeping policy actions. And, in many cases, the court’s 6-3 majority has given the administration the green light to proceed. 

The high court has ruled in Trump’s favor in the majority of emergency applications, allowing the administration to proceed with its ban on transgender service members in the military, its termination of millions of dollars in Education Department grants and its firing of probationary employees across the federal government, among many other actions.

Like most emergency orders, the rulings are often unsigned, giving little indication what the justices might be thinking.

Emergency applications — and the Supreme Court’s responses — aren’t meant to offer lasting relief. But Trump has found success using a ‘move fast and break things’ strategy to push key requests through the court’s so-called ‘shadow’ docket.

For context, Trump has filed more emergency applications in five months than his predecessors did in years. Former President Joe Biden submitted just 19 over his entire term, while presidents Obama and George W. Bush filed only eight combined during their time in office.

In the interim, the strategy has allowed him to enforce many of the sweeping executive orders he signed upon taking office. These orders were met with hundreds of lawsuits across the country and blocked by many lower courts, prompting the administration to appeal them, again and again, through the federal judiciary. 

For now, those near-term wins have energized Trump allies, allowing them to press forward with a blitz of executive actions and claim ‘victory,’ however temporary. The approach allows Trump to advance major policy priorities without relying on a slow-moving Congress.

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In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager to get to the Essence Festival of Culture to connect with their core customers.

“Essence Fest is like my Black Friday,” said Rochelle Ivory, owner of beauty brand On the Edge Baby Hair. “It is my biggest sales weekend of the year. It’s where I make all the capital I reinvest in my business.”

Essence Fest kicks off on Friday, with roughly 500,000 people attending the event in New Orleans. It generates around $1 billion in economic activity, according to organizers.

“It’s the cannot-miss event for us,” said Brittney Adams, owner of eyewear brand Focus and Frame. She said this year Essence Fest is even more important because she’s seen Black consumers pulling back on spending.

“I would say the uncertainty of just the economic and political climate — that’s giving people a little bit of hesitancy. Should they save the money? Should they buy the things they want?” Adams said.

Ivory said her sales are down roughly 30% year over year, but she’s hopeful people come to New Orleans looking to spend their time and money in the festival marketplace.

“This could make or break some of us,” she said. “It’s one of the few places where Black women, Black founders can really come together and be seen.”

The Global Black Economic Forum aims to bring visibility and create solutions for Black business owners at Essence Fest. This year speakers include Supreme Court Justice Ketanji Brown-Jackson and Maryland Gov. Wes Moore. Last year, then-Vice President Kamala Harris spoke.

“We intentionally curate a space that allows leaders to preserve, build and reimagine how we can collectively increase economic opportunity to thrive,” said Alphonso David, CEO of the GBEF.

While many Black Americans express economic anxiety, the data is less clear.

In the first quarter of this year, according to Federal Reserve data, the median weekly salary for Black workers was $1,192 a 5% increase year over year. Black unemployment stood at 6% in the most recent jobs report, a historically low number, but still higher than the national average of 4.2%.

However, the data doesn’t appear to fully reflect the sentiment for many Black Americans who are concerned about the political, cultural and economic shifts that have taken place since President Donald Trump’s election.

“Never let a good crisis go to waste,” said John Hope Bryant, founder and CEO of Operation Hope, one of the nation’s largest non-profits focused on financial education and empowerment.

Bryant said he sees the concerns of Black Americans as an opportunity in the second half of 2025.

“This president has done something that hasn’t been done since the 1960s, which is unify Black America. Wealth was created in the early 20th century because Blacks were forced to work together. But instead of Black Lives Matter, let’s make Black capitalist matter,” he said.

Pastor Jamal Bryant of New Birth Missionary Baptist Church has galvanized Black consumers with an organized boycott of Target that began in February in response to the retailer’s decision to roll back diversity, equity and inclusion initiatives.

Bryant said he is in discussions with Target but is ready to organize a longer-term boycott if the retailer does not fulfill the promises it made to the Black community after the killing of George Floyd. He is urging Black Americans to use the estimated $2.1 trillion dollars in spending power forecast by 2026 to drive economic and political change.

“I would dare say that ‘pocketbook protests’ are a revolutionary activity,” said Bryant.

“I think we have to be very selective in light of the ‘Big Ugly Bill’ that just passed and how it will adversely affect our community,” he said, referencing Trump’s megabill that passed through Congress this week.

Invest Fest, an event that blends commerce and culture created by financially focused media company Earn Your Leisure kicks off in Atlanta in August.

Co-CEOs Rashad Bilal and Troy Millings said the event will remain focused on financial literacy, but this year they are emphasizing the urgent need for education and entrepreneurship in technology.

“It’s definitely now or never, the time is now,” said Bilal.

“The important thing this year is the way technology is going to disrupt a lot of career paths and the businesses, and we have to prepare for that, which is why AI is at the forefront of the conversation, crypto is at the forefront of the conversations, real estate as always and entrepreneurship,” said Millings.

New this year is a partnership with venture capital firm Open Opportunity and a pitch competition where an entrepreneur can win $125,000 in funding to scale their business.

“We need more businesses that can reach $100 million valuation to a $1 billion valuation, get on the stock market. The pathway to that 9 times out of 10 is technology,” Bilal said.

The National Black MBA Association Conference in Houston in September will have a similar tone. The event is known for its career fair where the nation’s largest companies recruit as well as for networking and vibrant social activities.

This year, interim CEO Orlando Ashford is working to establish artificial intelligence education and financial literacy as pillars of the event.

“Doing business as usual is not an option,” Ashford told CNBC. “AI is something I literally refer to as a tsunami of change that’s on its way. All of us will be forced to pivot in some ways as it relates to AI. Those of us that are out in front, that embrace it and leverage it actually can turn it into a tremendous and powerful opportunity. Those that wait and ignore it will be overtaken by the wave.”

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