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President Donald Trump spoke with Chinese President Xi Jinping on Thursday in a lengthy call amid economic and national security friction regarding trade between Washington and Beijing. 

‘I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,’ Trump said Thursday in a Truth Social post. ‘The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries.’

Trump said the conversation focused ‘almost entirely’ on trade, and that Xi invited the U.S. president and first lady Melania Trump to visit China. Trump also said he extended an invitation to Xi and his wife, Peng Liyuan. 

Chinese media first reported the call between the two leaders on Thursday, and claimed that the call occurred per Trump’s request. White House National Economic Council Director Kevin Hassett told ABC News on Sunday that Trump was expected to talk with the Chinese president this week. 

The call comes nearly a week after Trump condemned China for violating an initial trade agreement that the U.S. and China hashed out in May, and a day after Trump said Xi was ‘extremely hard to make a deal with’ in a Truth Social post. 

The negotiations led both countries to agree that the U.S. would ramp down its tariffs against Chinese imports from 145% to 30%, and China would cut its tariffs against U.S. imports from 125% to 10%.

But Trump accused China on Friday of not holding up its end of the bargain, although he refrained from disclosing specifics. 

‘The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,’ Trump said Friday in a social media post. ‘So much for being Mr. NICE GUY!’

U.S. Trade Representative Jamieson Greer said Friday in an interview with CNBC that China had failed to lift its non-tariff barriers, as outlined in the deal. 

‘The United States did exactly what it was supposed to do, and the Chinese are slow-rolling their compliance, which is completely unacceptable and has to be addressed,’ Greer said Friday. 

Meanwhile, China pressed the U.S. to reverse course and address its own mistakes. 

‘China once again urges the US to immediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva,’ Chinese embassy spokesperson Liu Pengyu said in a Friday statement.

But Trump later indicated that the two leaders ironed out their differences. 

‘We had a very good talk, and we’ve straightened out any complexity, and it’s very complex stuff, and we straightened it out,’ Trump said Thursday during an Oval Office press briefing with German Chancellor Friedrich Merz. 

‘I think we’re in very good shape with China and the trade deal,’ Trump said. ‘We have a deal with China, as you know, but we were straightening out some of the points… I would say we have a deal, and we’re going to just make sure that everybody understands what the deal is.’

Meanwhile, Trump’s invitation to Xi and Peng to visit the U.S. comes as Trump’s administration cracks down on student visa holders in the U.S. and as Trump has threatened to ‘aggressively’ rescind visas of students from China. 

On Thursday, Trump appeared to take a softer approach though and said that he did want foreign students to come to the U.S. — he just wants them to undergo proper vetting.

‘We want to have foreign students, but we want them to be checked,’ Trump said from the White House. 

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There is mounting evidence that Joe Biden was president in name only during much of his time in office. In his stead, a cabal of top White House staffers appears to have secretly operated a de facto presidency, making crucial decisions without a shred of constitutional authority.  

If proven true, it would call into question the validity of pardons and executive orders issued under his name but without his knowledge or consent. For this reason, it is imperative that Biden’s closest advisers answer questions under oath and others in his orbit be forced to disclose what they knew or observed.

The Department of Justice (DOJ) has launched an investigation into the pardons, commutations and clemencies granted in the waning days of Biden’s presidency, including preemptive pardons gifted to a half dozen members of his own family along with his shifty son, Hunter Biden. The probe focuses on whether the elder Biden was competent and whether others were taking advantage of his seemingly diminished mental state.  

At the same time, the House Oversight Committee is intensifying its own inquiry into the alleged ‘cover-up’ of Biden’s cognitive decline. Of particular interest in both investigations is ‘the potential unauthorized use of autopen’ for many executive actions, said Oversight Chairman James Comer.

Did rogue actors commandeer the device from a clueless Biden to advance their own political and personal agendas? Was national security jeopardized in the process? Let’s call it, ‘The Case of the Runaway Autopen.’ Solving it won’t be easy, given Washington’s proclivity for concealment, deception, obstruction and lies.       

Comer has requested that five former Biden aides, including his physician Kevin O’Connor, sit down for transcribed interviews.  If they resist, subpoenas will be issued. While Biden might assert Executive Privilege to keep them mum, President Trump could override the privilege just as Biden did to Trump after his first term. Assuming he is sentient, Joe might now wish he had not done so.  

The issue of whether pardons and executive orders could be invalidated is not as simple as some legal experts have opined. They assert, for example, that nothing can be done because there is no constitutional mechanism to revoke or overturn pardons once granted. That is only half true.

There is a well-established legal basis for annulling documents. It is founded in common law.  It is called fraud. Under statutory law, it is known as forgery. (See 18 USC 471 and 495). Each are crimes that would render the signed instruments inoperative and unenforceable.    

Just ask the U.S. Supreme Court, which long ago declared unanimously, ‘There is no question of the general doctrine that fraud vitiates the most solemn contracts, documents, and even judgments.’ (United States v. Throckmorton, 98 US 61, (1878))  There exists no exception for presidential documents.  

But let’s back up.

An autopen is a mechanical device that activates a robotic arm with a pen attached. It imitates a person’s signature, although it is identifiable by a consistent impression on the paper. Past presidents have utilized the autopen for a variety of documents. It is perfectly legal but with an important caveat —there must be consent by the purported ‘signator.’ In this case, that’s Biden.     

If the 46th president never consented or, worse, had no knowledge of the autopen’s use for any given document bearing his signature, it could be deemed null and void under law. If Biden was not even competent or mentally fit to provide knowing consent, the result is the same. 

Two decades ago, the Justice Department formally approved presidential deployment of the autopen, but only if a President personally ‘directs’ a subordinate to affix his signature to a specified document. However, the DOJ cautioned that the chief executive may never ‘delegate’ the actual decision to approve and sign any document with the device. That right rests exclusively with a president.   

The sheer volume of suspected Biden autopen usage merits closer scrutiny. The growing number of descriptive accounts of his worsening mental infirmities and incoherence magnifies the need for an intensive investigation. 

If his aides deliberately obscured their boss’s health problems, did they also circumvent his permission for orders issued under his name? Did they act on their own because they knew Biden was not cognizant or otherwise feared his confused response? Americans deserve honest answers. But expecting to get them from highly secretive political operatives is fanciful at best.

House Speaker Mike Johnson recently recounted his first private meeting with Biden last year during which the President had no idea that he signed an executive order weeks earlier pausing the exports of liquified natural gas. When Johnson pressed him, a stunned Biden insisted, ‘I didn’t do that!’ The speaker patiently explained that he did and a copy could be retrieved, yet the President insisted, ‘No, I didn’t do that.’  

‘He genuinely did not know what he had signed,’ said Johnson later. ‘And I walked out of that meeting with fear and loathing because I thought, ‘We are in serious trouble —who is running the country?’ Like, I don’t know who put the paper in front of him, but he didn’t know.’  

It is possible that the executive order was signed by autopen without the consent or knowledge of the president. In the alternative, did Biden sign something that he was incapable of understanding? Perhaps his aides willfully misrepresented its contents. Or maybe Biden was so mentally impaired that he couldn’t remember what he had for breakfast, much less having signed an export ban that cratered American GDP by upwards of $200 billion.

It is beyond curious that the preemptive pardons handed out like Halloween candy to Dr. Anthony Fauci, members of the J-6 committee and six of Biden’s immediate relatives all bear the unique marks of an autopen. By contrast, Hunter Biden’s pardon almost certainly resembles his father’s genuine and shaky signature. Why the difference? Did Biden verily approve or direct the group pardons? Or did someone command the autopen without assent?

There is substantial and compelling evidence that Biden was sliding further and further into mental decay as his presidency progressed. Americans are right to wonder just who was running the country. Biden himself seemed to answer the question during several of his rare public outings.  

In one memorable appearance he said, ‘Sorry, but I’ll get in trouble with my staff if I don’t do this the right way.’  In another, a confused Biden turned to staffers and asked, ‘Am I allowed to take questions? Where’s my staff?’ On a still another occasion he mumbled with regret, ‘I thought when I got to be President, I’d get to do things I wanted to do, but my staff tells me what I can’t do.’ These are stunning confessionals.   

There is no need to recite the myriad of instances where Americans witnessed a faltering and enfeebled Biden wandering around a stage lost and bewildered. He was not ‘compos mentis.’ His mental faculties dwindled. His ability to think and communicate vanished. It all came crashing down on the night of June 27, 2024. The disastrous presidential debate reinforced the truth of his withering condition.     

It is increasingly apparent that a coterie of unelected White House aides who connived to hide Biden’s declining state were the ones making vital decisions behind the scenes. They reportedly called themselves the ‘Politburo,’ a nod to the ruling committee of the communist party in the former Soviet Union. The symmetry is not coincidental; it is revealing. They maneuvered and manipulated in a culture of dishonesty.

With Biden mentally incapable of fully performing the demanding duties of his high office, it seems that others took it upon themselves to arrogate his authority. This would constitute a shameful abuse of power that contravenes our constitutional framework. It merits comprehensive investigations by both Congress and the Department of Justice.

In responding to the probes, Biden issued a statement on Wednesday insisting, ‘I made the decisions about pardons, executive orders, legislation, and proclamations,’ adding that ‘any suggestion that I didn’t is ridiculous and false.’ The denial is no surprise. But is it more of the same pretense and cover-up that came to define his presidency? Did Joe even write that statement?

Almost five years ago in my August 2020 podcast, I warned that if Joe Biden was elected, he would become a ‘Marionette President’ controlled by unscrupulous White House puppeteers making critical decisions for the nation. I wasn’t prescient, only paying attention to what was plainly visible.

What is so confounding —and equally alarming— is how long the deceitful charade lasted. As it slowly unravels, we are reminded that calculating lies rarely endure the engine of truth.

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Here’s a quick recap of the crypto landscape for Wednesday (June 4) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$105,057, as markets closed, down 1.1 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$104,648 and a high of US$105,484.

Bitcoin price performance, June 4, 2025

Chart via TradingView

Despite the price dip, institutional interest remains strong. Heath care technology provider Semler Scientific (NASDAQ:SMLR) recently acquired 185 BTC for US$20 million, bringing its total holdings to 4,449 BTC (US$500 million), underscoring continued confidence in Bitcoin’s long-term value.

Market analysts are closely monitoring key resistance levels, with some anticipating a potential breakout that could influence broader cryptocurrency market dynamics in the days ahead. Crypto analyst Michaël van de Poppe suggested that a breakout above US$107,500 could pave the way for a new ATH for Bitcoin and potentially push Ethereum’s price to US$3,000, identifying that level as a key area of concentrated derivatives market liquidity.

Ethereum (ETH) finished the trading day at US$2,629.53, a 0.3 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,609 and saw a daily high of US$2,667.

Altcoin price update

  • Solana (SOL) closed at US$155.69, down 3.1 percent over 24 hours. SOL experienced a low of US$155.60 in the final minutes of trading and reached a high of US$157.54.
  • XRP is trading at US$2.22, reflecting a 2.7 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.21 and a high of US$2.26.
  • Sui (SUI) peaked at US$3.22, showing a decreaseof 3.2 percent over the past 24 hours. Its lowest valuation on Wednesday was US$3.19, and its highest was US$3.24.
  • Cardano (ADA) is trading at US$0.6746, down 2.4 percent over the past 24 hours. Its lowest price of the day was US$0.6742, and it reached a high of US$0.6900.

Today’s crypto news to know

Hong Kong to launch digital asset derivatives trading

According to a local report, Hong Kong’s securities regulator plans to launch digital asset derivatives trading for professional investors to broaden market offerings and strengthen Hong Kong’s position in the global digital asset space.

The Hong Kong Securities and Futures Commission (SFC) emphasizes prioritizing robust risk management, mandating that trades occur ‘in an orderly, transparent and secure manner.’

To further enhance preferential tax regimes for funds, single-family offices and carried interest virtual assets will be designated as qualifying transactions for tax concessions. This initiative aims to draw a greater number of significant international fintech firms to establish operations in Hong Kong, recognizing their potential contribution.

Bybit enhances security measures

Following a hack resulting in the loss of approximately US$1.4 billion worth of ETH in February, Bybit unveiled a comprehensive security enhancement today, as reported to Cointelegraph. This upgrade involves three key pillars:

First, Bybit has fortified its security auditing processes, both internally and externally, by implementing 50 new security measures.

Second, the company has strengthened its cold wallet protocols. This includes instituting a revised operational safety procedure that mandates continuous supervision by security experts, integrating multiparty computation (MPC) for enhanced protection, and consolidating hardware security modules (HSMs).

Lastly, Bybit has achieved ISO/IEC 27001 certification for information security risk management. In addition, all internal and customer communications, as well as data storage, are now fully encrypted.

WEF speculates DePIN market could reach US$3.5 trillion in three years

According to a report published on Tuesday (June 3) by the World Economic Forum (WEF), the convergence of blockchain and AI could see the DePIN market exceed US$3.5 trillion by 2028.

The report cites the emergence of decentralized physical AI (DePAI) as a catalyst for the industry’s growth, referring to it as a “fundamental shift” in AI agent interactions with physical infrastructure and external data.

Yet the report notes that companies face challenges when it comes to determining which developments to invest in and which are too immature to drive significant business value. It mentions that allocating limited resources across different technology maturity levels requires a disciplined approach to technology assessment that goes beyond traditional ROI calculations, recommending a balanced portfolio approach that considers future value and business model innovation potential.

Trump-Linked Truth Social Takes Aim at Spot Bitcoin ETF Market

Interest in crypto-linked investment products continues to grow, with NYSE Arcafiling a proposal to list a spot Bitcoin exchange-traded fund (ETF) tied to Donald Trump’s media platform, Truth Social.

Submitted on behalf of Yorkville America Digital, the proposed ‘Truth Social Bitcoin ETF’ would enter an increasingly competitive field of spot Bitcoin ETFs. If approved, it would be custodied by Foris DAX, the same provider used by Crypto.com.

While the 19b-4 filing marks a key regulatory milestone, the ETF must still undergo US Securities and Exchange Commission (SEC) review of its S-1 registration statement before it can move forward.

JD Vance reveals Bitcoin Reserve Act is on the way

At the Bitcoin 2025 conference, Frax Finance founder Sam Kazemian disclosed his private conversation with Vice President JD Vance, who revealed the administration’s sweeping crypto roadmap.

According to Kazemian, Vance confirmed that stablecoin legislation is only the starting point, with a broader market structure bill and a Bitcoin Reserve Act also in the pipeline.

This reserve act would codify Bitcoin as a long-term federal asset, mirroring how some countries hold gold. Vance emphasized bipartisan support and framed crypto as central to economic innovation.

Kazemian also noted that Frax USD, his stablecoin project, may be designated legal tender under the upcoming legislation.

Trump-Linked Truth Social Takes Aim at Spot Bitcoin ETF Market

Interest in crypto-linked investment products continues to grow, with NYSE Arcafiling a proposal to list a spot Bitcoin exchange-traded fund (ETF) tied to Donald Trump’s media platform, Truth Social.

Submitted on behalf of Yorkville America Digital, the proposed ‘Truth Social Bitcoin ETF’ would enter an increasingly competitive field of spot Bitcoin ETFs. If approved, it would be custodied by Foris DAX, the same provider used by Crypto.com.

While the 19b-4 filing marks a key regulatory milestone, the ETF must still undergo US Securities and Exchange Commission (SEC) review of its S-1 registration statement before it can move forward.

GENIUS Act nears Senate vote amid sharp partisan divide

The bipartisan GENIUS Act, aimed at regulating stablecoins, could reach the Senate floor by the end of the week, according to journalist Eleanor Terrett.

Passed out of committee with a strong 66-32 vote in May, the bill still faces turbulence due to over 60 proposed amendments.

Much of the friction stems from concerns over conflicts of interest tied to Trump’s crypto engagements, including his backing of the USD1 stablecoin.

Lawmakers are now scrambling to trim the amendment list to a “manageable” level that both parties can agree on.

If consensus is reached, the Senate could vote within days — but failure to compromise may delay the bill into next week. The bill’s progress is closely watched by the US$248 billion stablecoin industry.

Trump-Linked crypto firm drops mini ‘stimulus check’ to wallets

World Liberty Financial, a Trump-family-backed crypto firm, sent US$47 worth of its USD1 stablecoin to every wallet involved in its WLFI token sale, effectively issuing a small-scale “stimulus check.”

The drop is being viewed as a marketing maneuver tied to growing momentum around the token, which is pegged to the US dollar and integrated with Chainlink’s CCIP for multichain expansion.

Though the amount is modest, it helped spur conversation on social media and drew attention to USD1’s role in major deals, including a US$2 billion investment into Binance by MGX.

World Liberty Financial currently boasts a US$200 million market cap for USD1 and is gearing up to release its own crypto wallet.

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

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

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Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce that the offering of its non-brokered private placement first announced on April 11th and increased on May 26, 2025, will be increased by a further $19,000 of Flow Through units (the ‘FT Units’). The Company is offering up to 9,000,000 working capital units (the ‘WC Units’) at a price of $0.05 per WC Unit for up to $450,000, and up to 10,316,666 FT Units at a price of $0.06 per FT Unit for up to $619,000, both of which constitute the ‘Offering.’

The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and June 23, 2025.

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common share purchase warrant (a ‘WC Warrant‘) entitling the holder to acquire one (1) common share at a price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘FT Warrant’) and $0.08 will acquire an additional common share until eighteen (18) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ 
Bruce MacLachlan 
President and COO 
‘David B Graham’
David Graham
CEO

 

Direct line: (705) 266-0847 
Email: bruce@boldventuresinc.com

Neither 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.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254549

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Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’) is pleased to announce it has received results from the sampling and mapping work program, which was designed to follow up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine.

Highlights

  • Significant sample returns of 17.3% Cu with 5.0 g/t Au, 7.1% Cu with 8.4g/t Au, and 6.8% Cu with 7.0 g/t Au in the South Theresa Zone
  • Clear definition of veins in the South Theresa zone, which show higher gold to copper ratios than the main Farellon structure
  • 71 samples collected, all samples returned higher than 1% Cu, 41 returned greater than 4% Cu, and 22 returned greater than 1g/t Au

Figure 1: Gold sample results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/254576_78196f39c4899a78_001full.jpg

Figure 2: Copper sample results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/254576_78196f39c4899a78_002full.jpg

Red Metal Resources President and CEO, Caitlin Jeffs, stated,‘These outstanding results, with grades up to 17.3% copper and 8.4 g/t gold, underscore Carrizal’s potential as a cornerstone asset in the global copper-gold sector. With the Carrizal Property, we have the potential to unlock a world-class IOCG system, and we invite our shareholders to join us on this exciting journey toward discovery.’

The 2025 mapping and sampling program has highlighted the higher-grade gold potential of the southwestern extension of the veins that have never been drill tested and only had limited sampling.

Sampling of the Armonia vein as it extends from the historic Carrizal Alto mine onto Red Metal’s Carrizal Property continues to highlight the 2.5 kilometeres of veining that has not been drill tested.

Table 1: Grab Sample Highlights (1)(2)

Sample 
Number
Northing 
UTM
Easting 
UTM
CuT % 
Total Cu
CuS % 
Soluble Cu
Au g/t
South Theresa Veins
Carz 010 310602 6888689 17.3 17.1 5.0
Carz 011 310521 6888638 7.1 6.8 8.4
Carz 018 309681 6888087 6.8 6.6 7.0
Carz 071 309713 6888210 6.3 6.2 0.4
Carz 021 309812 6888230 6.1 6.0 0.3
Carz 023 309970 6888385 4.9 4.9 1.0
Carz 017 309650 6888053 4.9 4.8 1.6
Carz 013 310274 6888473 4.5 4.4 0.8
Carz 014 310202 6888420 4.3 4.2 0.7
Gorda Vein
Carz 106 309378 6888671 7.2 7.1 1.9
Carz 103 309470 6888778 5.8 5.8 0.5
Carz 101 309520 6888848 5.4 5.1 0.5
Carz 110 309199 6888442 4.5 3.9 1.4
Carz 107 309315 6888618 4.5 4.4 1.0
Carz 113 309043 6888118 4.4 4.3 0.6
Carz 112 309150 6888347 4.0 3.9 1.0
Armonia Vein Extension
Carz 001 311355 6889213 5.7 5.5 0.3
Carz 047 311279 6890005 5.5 5.5 0.7
Carz 003 310985 6888985 4.9 4.8 3.0
Carz 088 310935 6889853 4.5 4.4 0.3
Carz 044 311497 6890106 4.4 4.3 0.8
Carz 058 310385 6889051 4.2 4.0 1.2
Carz 084 310621 6889602 3.9 3.2 0.8
Carz 043 311544 6890152 3.8 3.6 0.5
Carz 080 310432 6889267 3.6 1.1 1.0

 

(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken

Qualified Person

The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (‘QP’) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Red Metal Resources Ltd.

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company’s portfolio of projects includes seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totalling over 4,546 hectares, located in Ville Marie, Quebec, and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com.

Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com

Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities 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/254576

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(TheNewswire)

Vancouver, British Columbia TheNewswire – June 5th, 2025 Prismo Metals Inc. (the ‘ Company ‘) (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce the appointment of Gordon Aldcorn as President, effective immediately.

‘I am honored to take on the role of President at Prismo Metals during this exciting phase of the Company’s growth,’ said Mr. Aldcorn. ‘Prismo has built a compelling portfolio of high-potential precious and base metal projects in Mexico and Arizona, supported by a strong technical foundation and a clear exploration focus. I look forward to working with the Prismo team and valued partners to unlock further value for shareholders and advance our strategic.’

With a commitment to responsible mineral exploration and long-term stakeholder engagement, Mr. Aldcorn brings over 20 years of experience in capital markets and junior public company development including the past five years in corporate management of copper/gold exploration projects.

‘I am pleased that Gordon has agreed to join Prismo as President, taking over from Steve Robertson who transitions back to being an advisor, a role he took on back in January 2023,’ said Alain Lambert, CEO of Prismo. ‘I have known Gordon for many years, and I look forward to working with him to bolster our exploration and capital markets activities.’

Prismo Metals Inc. thanks outgoing President Steve Robertson for his service and leadership and is pleased Mr. Robertson will remain with Prismo in an advisory role.

‘I look forward to continuing to provide technical guidance in the role of Advisor as we go forward. Prismo’s Hot Breccia project remains one of the most compelling copper exploration projects I have seen, and I am committed to helping Prismo move this project forward,’ said Steve Robertson.

Prismo’s priority remains to undertake a 5,000-meter drill program at our Hot Breccia copper project located in the heart of the prolific Arizona Copper Belt. To achieve this important milestone, Prismo continues to engage in discussions with both potential investors and strategic partners already present in our district or wanting to gain a foothold in the district. Regarding our Palos Verdes silver project in Mexico, the Company continues to track the tremendous progress of our strategic partner Vizsla Silver Corp. as they move their exploration activities towards the northeast side of the Panuco district, where Palos Verdes is located. Finally, Prismo has recently been evaluating a select number of projects in North America that can provide tremendous exploration upside at attractive financial conditions.

‘Current market conditions are favorable for acquisition of precious metals and copper projects at advantageous terms and conditions. We favor drill ready projects in America close to excellent infrastructure,’ said Dr. Craig Gibson, Chief Exploration Officer of Prismo. ‘We feel that being active in exploring a third project would greatly add to shareholder value.’

The Board of Directors is confident that Mr. Aldcorn’s leadership will further strengthen Prismo’s position in the junior exploration space and support the advancement of its flagship Palos Verdes and Hot Breccia projects. Mr. Aldcorn was issued an aggregate of 150,000 restricted share units (the ‘RSUs’). Each RSU entitles the holder to be issued one Common Share on vesting. The RSUs will vest over one year, with one-third of the Options vesting every three months. Mr. Aldcorn was also granted 650 ,000 stock options (the ‘ Options ‘). The Options are each exercisable to purchase one common share of the Company at an exercise price of $0.075 for a period of five years. The Options will vest over one year, with one-third of the Options vesting every three months.

About Prismo Metals Inc.

Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Alcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Leading gold analysis firm Metals Focus published its annual flagship Gold Focus report on Thursday (June 5).

The report outlines the key trends influencing the gold market and price over the past year, noting that the metal experienced a remarkable run in 2024, driven by improving investor sentiment toward the yellow metal.

Throughout the year, the gold price surged at a blistering pace, starting 2024 at around the US$1,980 per ounce mark and reaching a peak of US$2,790 at the end of October. Since then, gold has continued to climb, setting repeated record highs since the start of 2025 — the most recent occurred on May 6, when gold reached US$3,437.

Metals Focus anticipates that the underlying conditions supporting gold’s record run will persist through 2025, with the price expected to reach a yearly average of US$3,210, a record high.

Yearly and quarterly gold price charts with 2025 forecast.

Charts via Metals Focus.

What’s behind the shift in investor sentiment?

Up until the start of 2025, investor sentiment remained low, particularly in western markets where exchange-traded funds (ETFs) saw outflows for much of the year. It wasn’t until October, as the price of gold approached the US$2,800 mark, that ETF inflows in the US and Europe began to gain positive momentum.

Significant purchases by central banks in Asia, the Middle East, and Eastern Europe provided essential pricing support for gold behind the price gains in 2024. Overall, central banks added a record 1,086 metric tons throughout the year.

This buying was driven by countries aiming to diversify their monetary holdings away from the US dollar, as gold serves as a non-liability-bearing reserve asset. The shift in monetary policy has gained attention over the past several years, especially after Russia’s invasion of Ukraine and growing concerns over US overreach following the country’s actions to cut Russia off from the global banking system and restrict the use of the US dollar.

Investors also noted the persistent tensions between Russia and Ukraine, along with fears that the Israel–Gaza conflict could escalate into a broader regional war, which further influenced sentiment in favour of gold as a haven asset.

Geopolitics, uncertainty provide additional price support in 2025

The underlying global drivers have persisted into early 2025, accompanied by new tailwinds for the gold market.

These include the chaos caused by US trade policy, which has created a rift between the world’s largest economy and key trading partners, notably Canada, Mexico, and China. Tariffs have heightened the expectation of a trade war that could affect supply chains and future trade agreements.

The severity, permanence, and outcomes of these measures have only just begun to be felt in the market. US market data registered a slight uptick in inflation numbers for May, and the US Federal Reserve suggested that uncertainty played a role in its decision to maintain interest rates at its last meeting on May 6-7.

Policies enacted by the Trump administration since the beginning of the year have led to a slowdown in global economic growth and have even raised the spectre of a recession as the tariffs threaten to reverse global central banks’ fight against inflation.

In addition to US foreign policy, its ballooning debt continues to erode confidence in the US dollar as the global reserve currency. The current US debt sits around US$37 trillion. The Trump administration pledged to tackle growing debt by cutting government spending through new initiatives like the Department of Government Efficiency.

However, a new spending bill that would essentially extend Donald Trump’s Tax Cuts and Jobs Act would reduce federal income by US$4.5 billion, with minimal decrease in spending to offset this loss.

The overall sustainability of the US economy has raised significant concern among investors, particularly as expectations suggest that Trump’s policies will worsen the debt crisis in the US. This has led to considerable instability in US and global equity markets since the start of the year, resulting in increased inflows into gold and gold-backed securities.

Supply and demand outlook

High prices are causing significant shifts in market demand, leading Metals Focus to predict a net decline of 9 percent in 2025, with total tonnage falling to 4,246 metric tons from the 4,669 metric tons recorded in 2024.

Leading the way is jewellery, the largest demand segment, which is projected to decrease by 16 percent in 2025, dropping from 2,011 metric tons in 2024 to 1,696 metric tons, with India and China contributing the most substantial declines.

In India, a shift towards lighter weight and lower karat pieces is expected to accelerate, while in China, high prices, weak consumer sentiment, and a sluggish economy will impact demand there.

In other countries, jewellery demand is likely to be affected by high prices, low consumer confidence, and economic uncertainty.

Gold supply and demand.

Chart via Metals Focus.

Additionally, central banks are expected to slow their pace of buying, with Metals Focus suggesting an 8 percent decline to 1,000 metric tons, down from the record 1,089 metric tons purchased the previous year.

However, these declines will be offset by increases in other sectors.

Net physical demand is predicted to rise by 2 percent to 1,218 metric tons from 1,191 metric tons in 2024 as more investors will be drawn to gold to diversify their portfolios amid economic uncertainty and geopolitical tension.

The expectation is that much of the increase will be driven by Chinese investment, followed by a recovery in European markets. Conversely, the US may experience some decline as investors there seek to take profits while gold continues to trade near record-high prices.

Gold supply is projected to see modest growth in 2025, with Metals Focus forecasting a 1 percent increase to 3,694 metric tons from the 3,661 metric tons recorded in 2024. Higher output is anticipated globally, with the exceptions of Asia, Oceania, and the Commonwealth of Independent States.

A significant contributor is a 19 percent increase in North American output as Artemis Gold’s (TSXV:ARTG,OTCQX:ARGTF) Blackwater mine, B2Gold’s (TSX:BTO,NYSE:BTG) Goose Project, and Calibre Mining’s (TSX:CXB,OTCQB:CXBMF) Valentine mine come online. Similarly, Central and South America are expected to see several new mines begin operations in 2025, resulting in a 23 percent increase in regional output.

The firm expects recycling to remain stable, despite predictions that gold prices will reach record highs for the remainder of 2025.

Metals Focus attributes this stability to weak retail destocking in China, which corresponds with low demand for jewellery. In the West, recycling is anticipated to be affected by near-market stock depletion and increased exchange rates of old for new jewellery in price-sensitive markets.

Furthermore, producer debt obligations must be addressed alongside periods of high capital expenditures for certain producers, which is anticipated to result in heightened hedging activity by year-end.

Investor takeaway

Overall, Metals Focus predicts a strong year for gold prices, driven by a global macro environment characterized by trade wars, economic uncertainty, and geopolitical tensions.

While higher prices may reduce discretionary spending on gold products, investors are turning to the gold market to diversify their portfolios, further contributing to a rise in gold prices in 2024 and 2025.

However, elevated prices will likely benefit producers who have spent recent years finding operational efficiencies and offsetting cost increases from a heightened inflationary environment. This situation has led to higher margins and a healthy balance sheet in 2024, which Metals Focus believes is likely to continue into 2025.

Although exploration activities faced a global downturn in 2024, there were notable exceptions. Metals Focus noted that mining data firm Opaxe recorded a 10 percent decrease in global exploration reports in 2024. However, Canada, Australia, and the US made up 70 percent of the total updates, indicating a preference for politically stable jurisdictions.

Investors in the gold market may benefit from paying attention to these trends, as producers aim to expand mining operations or seek new deposits to replenish depleting resources.

Securities Disclosure: I, Dean Belder, own shares of Calibre Mining.

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Snacktime is nigh at the Golden Arches.

On June 3, McDonald’s announced exactly when the Snack Wrap will return to partipating restaurants nationwide: July 10. And, thankfully, it’s not a limited-time offer, either — it’s here for good.

The Snack Wrap, which has been off menus for almost a decade, features one of the chain’s new McCrispy Strips — a chicken strip made with all-white meat — and is topped with shredded lettuce and shredded cheese, wrapped in a flour tortilla.

This go-round, the Snack Wrap comes in two flavors: Spicy, which McDonald’s says “brings the heat with a habanero kick” reminiscent of its Spicy McCrispy sandwich; and Ranch, which “delivers a satisfying burst of cool ranch goodness,” according to the brand, along with hints of garlic and onion.

Customers can get the Snack Wrap on its own or as a combo meal, which will come with two wraps, a medium fries and your drink of choice.

It’s been a long journey for Mickey D’s devotees: On Dec. 5, Joe Erlinger, president of McDonald’s USA, first revealed that the Snack Wrap was on its way back while discussing the new McValue menu.

“The Snack Wrap will be back in 2025,” Erlinger said at the time, declining to reveal the exact date. “It has a cult following, I get so many emails into my inbox about this product.”

Then, on April 15, the chain teased the official release date: “snack wraps 0x.14.2025,” it posted on X, without specifying the month.

Now, for the official rollout, McDonald’s is leaning into the fact that for years, fans have inundated the chain with pleas to reinstate the item after it was kicked off menus in 2016. A Change.org petition started in 2021 in its honor garnered over 17,000 signatures, and fans resorted to posting TikToks and making dedicated Instagram accounts devoted to bringing it back.

While the chicken-craving masses waited for the Snack Wrap’s return, other fast-food chains have dropped their own versions: In March 2023, Wendy’s introduced its Grilled Chicken Ranch Wrap; in July 2023, Taco Bell reintroduced its Crispy Chicken Taco for a limited time; and in August 2023, Burger King launched BK Royal Crispy Wraps for a limited time, too.

Most recently, a single day before McDonald’s announcement, Popeyes dropped its own Chicken Wraps as a limited-time offer. Let the wrap battle commence.

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A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.

The blitz, led by Illinois’ Cook County regional organized crime task force, involved more than 100 jurisdictions and over 30 retailers including Home Depot, Macy’s, Target, Ulta Beauty, Walgreens, Kroger and Meijer.

“When you give specific focus to a crime, it reverberates,” Cook County Sheriff Tom Dart told CNBC. “When they see it is being prosecuted and taken seriously, it deters conduct. They don’t want to get caught.”

Organized retail crime — a type of shoplifting where groups of thieves work together in targeted operations to turn stolen goods into cash — has grown in scale and scope in recent years. CNBC previously reported on the extensive law enforcement efforts to take down retail crime organizations.

While aggregate numbers for retail theft are difficult to quantify, retailers reported 93% more shoplifting incidents on average in 2023 compared with 2019, according to a survey conducted by the National Retail Federation. Those surveyed also reported a 90% increase in the associated dollar losses over that same time period.

Some critics point to a lack of enforcement and felony thresholds for allowing criminals to continue committing theft. It’s something Cook County State’s Attorney Eileen O’Neill Burke has been focused on since taking office in December.

On her first day in office, O’Neill Burke said prosecutors would pursue felony retail theft charges in accordance with state law, when the value of the goods exceeds $300 or when the suspect already has a felony shoplifting conviction.

Before her taking office, retail theft felonies were charged only if the value of the stolen goods was $1,000 or more or if the suspect had 10 or more prior convictions.

Since Dec. 1, the Cook County State’s Attorney’s Office has filed charges in 1,450 felony retail theft cases, the office said.

The goals of the coordinated operation, O’Neill Burke told CNBC, is “to have one day where we focus and concentrate on [retail theft] and we share intelligence about it — about what we learned about the network, so that gives us more tools on how to take this network down.”

It was the coordination between law enforcement and prosecuting attorneys that got a number of the involved retailers to participate in the blitz.

“Collaboration is key to making a meaningful impact,” Ulta Beauty Senior Vice President of Loss Prevention Dan Petrousek told CNBC. “That’s why we were proud to participate in the National ORC Blitz alongside dedicated law enforcement and prosecutorial partners.”

Ulta Beauty had teams participating across nine states in last week’s operation, providing law enforcement with information on incidents of retail crime.

“Organized retail crime remains one of the most significant challenges in our industry,” said Marty Maloney, Walgreens director of media relations. “In this most recent operation we worked closely with law enforcement partners across nearly 20 cities and at over 40 locations to help curb this trend.”

A representative for Home Depot told CNBC that while overall theft is down, investigated incidents of organized retail crime are still up double digits year over year.

Now that the operation has concluded, the group is pulling together each jurisdictions’ observations and sharing data to continue to help crack down on retail theft.

Other participating retailers reached for comment by CNBC, including Macy’s, T.J. Maxx and Target, said they’re committed to partnering with law enforcement and pushing for stronger laws to combat retail crime.

California Highway Patrol arrests retail crime suspect in Long Beach, CA.Courtesy: California Highway Patrol.

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OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February.

The San Francisco-based startup rocketed into the mainstream in late 2022 with its consumer-facing artificial intelligence chatbot ChatGPT, and began launching workplace-specific versions of the product the following year.

The 3 million users include ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu customers, OpenAI said.

“There’s this really tight interconnect between the growth of ChatGPT as a consumer tool and its adoption in the enterprise and in businesses,” OpenAI’s chief operating officer Brad Lightcap told CNBC in an interview. The company supported 400 million weekly active users as of February.

OpenAI expects revenue of $12.7 billion this year, a source confirmed to CNBC. In September of last year, the company expected to see an annual loss of $5 billion on $3.7 billion in revenue, according to a person close to the company who asked not to be named because the financials are confidential.

Lightcap said OpenAI is seeing its business tools adopted across industries, including highly regulated sectors like financial services and health care. Companies including Lowe’s, Morgan Stanley and Uber are users, OpenAI said.

The company also announced new updates to its business offerings on Wednesday.

ChatGPT Team and ChatGPT Enterprise users can now access “connectors,” which will allow workers to pull data from third-party tools like Google Drive, Dropbox, SharePoint, Box and OneDrive without leaving ChatGPT. Additional deep research connectors are available in beta.

OpenAI launched another capability called “record mode” in ChatGPT, which allows users to record and transcribe their meetings. It’s initially available with audio only.

Record mode can assist with follow up after a meeting and integrates with internal information like documents and files, the company said. Users can also turn their recordings into documents through the company’s Canvas tool.

Lightcap said enterprise customers have been asking for updates like these, and that they will help make OpenAI’s workplace offerings more useful.

“It’s got to be able to do tasks for you, and to do that, it’s got to really have knowledge of everything going on around you and your work,” Lightcap said. “It can’t be the intern locked in a closet. It’s got to be able to see what you see.”

OpenAI said it has been signing up nine enterprises a week, and Lightcap said the company will try to sustain that pace over time.

“People are starting to really figure out that this is a part of the modern tool stack in the knowledge economy that we live in,” he said.

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