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NVIDIA (NASDAQ:NVDA) shares rose over 5 percent to hit US$142.50 on Thursday (May 29), extending a powerful rally that reflects Wall Street’s optimism in the chipmaker’s long-term trajectory

The company’s positive performance came despite a bruising blow from US export restrictions to China.

The semiconductor giant, seen by many industry experts as the backbone of the global artificial intelligence (AI) boom, reported better-than-expected financial results for its first fiscal quarter of 2026 on Wednesday (May 28), allaying fears that geopolitical tensions and tighter trade controls could derail its momentum.

In the face of a projected US$8 billion revenue hit from the export ban on China and a US$4.5 billion writedown on unsold inventory, investors appeared to focus on NVIDIA’s dominant position in the fast-expanding AI market.

“There is one chip in the world fueling the AI Revolution and it’s Nvidia,” wrote Dan Ives, a tech analyst at Wedbush Securities. “That narrative is clear from these results and the positive commentary from Jensen.”

NVIDIA posted quarterly revenues of US$44.1 billion, beating consensus analyst estimates of US$43.3 billion. That’s also a staggering 69 percent increase from the US$26 billion reported in the same quarter last year.

The company’s flagship data center division, which supplies AI chips to major clients like Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META), reported US$39.1 billion in sales.

Although that’s a slight miss from Wall Street’s US$39.2 billion forecast, it’s still up from US$22.5 billion last year.

“Our breakthrough Blackwell NVL72 AI supercomputer — a ‘thinking machine’ designed for reasoning — is now in full-scale production across system makers and cloud service providers,” said Jensen Huang, founder and CEO of NVIDIA.

“Global demand for NVIDIA’s AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate.”

Earlier this month, Huang traveled with US President Donald Trump to the Middle East, where the company reportedly secured orders for hundreds of thousands of chips from Saudi Arabia.

Yet NVIDIA’s latest results also expose the mounting risks the firm faces as global trade policy tightens.

In recent months, Washington has sharply escalated restrictions on semiconductor exports to China, targeting chips like NVIDIA’s H20 — a China-specific product designed to comply with US rules. The US Department of Commerce has banned shipments of these chips to Chinese firms, citing concerns about potential military applications.

The move forced NVIDIA to write off US$4.5 billion in H20 inventory, and the company estimates a US$2.5 billion revenue loss in the current quarter as a result. Huang placed the broader impact of the China restrictions at US$15 billion.

“The US$50 billion China market is effectively closed to US industry,” he said in an interview. “We are exploring limited ways to compete, but Hopper is no longer an option. China’s AI moves on with or without US chips.”

While NVIDIA has previously indicated that it could redesign chips to meet evolving US export rules, Huang has become increasingly vocal in his criticism of Washington’s policy direction. Speaking to reporters after NVIDIA’s earnings call, he described the restrictions as a “failure” that will ultimately hurt American companies more than Chinese rivals.

The pressure on NVIDIA intensified further this week, as the Financial Times reported that Trump has instructed US suppliers of chip-design software to halt sales to Chinese firms.

Nonetheless, NVIDIA’s strong earnings, coupled with a federal court ruling blocking some of Trump’s proposed tariffs, have reassured investors. AI-driven demand appears robust enough to offset near-term geopolitical volatility.

For now, the markets have spoken — and they’re betting big on NVIDIA’s future.

“Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation,” Huang emphasized post-earnings.

NVIDIA’s share price spike this week put it on track for its highest close since January, and triggered a broader rally across the semiconductor sector.

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

This post appeared first on investingnews.com

While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his proposed laws could weaponize the American tax system.

Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors.

The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives last week, includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899. The bill must still gain the Senate’s approval.

“We see this legislation as creating the scope for the US administration to transform a trade war into a capital war if it so wishes,” said George Saravelos, global head of FX research at Deutsche Bank on Thursday.

“Section 899 challenges the open nature of US capital markets by explicitly using taxation on foreign holdings of US assets as leverage to further US economic goals,” Saravelos added in the note to clients, under the subtitle “weaponization of US capital markets in to law.”

Section 899 says it will hit entities from “discriminatory foreign countries” — those that impose levies such as the digital services taxes that disproportionately affect U.S. companies.

France, for instance, has a 3% tax on revenues from online platforms, which primarily targets big technology firms such as Google, Amazon, Facebook, and Apple. Germany is reportedly considering a similar tax of 10%.

Under the new tax bill, the U.S. would hit investors from such countries by increasing taxes on U.S. income by 5 percentage points each year, potentially taking the rate up to 20%.

Emmanuel Cau, head of European Equity Strategy at Barclays, suggested that the mere passage of the tax legislation could make dollar assets less valuable for foreign investors.

“In our view, this is a risk for those companies generating US revenues, and domiciled in countries that have enacted Digital Services Taxes (DST) or are implementing the OECD’s Under Taxed Payment Rule (UTPR),” Cau said in a Friday note to clients.

He highlighted companies such as London-listed Compass Group, which provides catering services to U.S. schools, and InterContinental Hotels, which owns at least 25 luxury hotels in the U.S., are likely to be affected by the proposed law.

“Given US net international investment position is sharply negative, there is indeed scope for capital outflows if indeed S899 passes through the Senate in its current form,” he added.

The impact of the bill won’t be limited to European companies or individuals from those states.

The bill “could significantly increase tax rates applicable to certain non-U.S. individuals and business, governmental, and other entities,” said Max Levine, head of U.S. tax at the law firm Linklaters.

This means it could also ensnare governments and central banks, which are large investors of U.S. Treasuries. France and Germany, for instance, held a combined $475 billion worth of U.S. government bonds as of March.

The proposed tax would lower returns on U.S. Treasuries for those investors as “the de facto yield on US Treasuries would drop by nearly 100bps,” Deutsche Bank’s Saravelos added. “The adverse impact on demand for USTs and funding the US twin deficit at a time when this is most needed is clear”.

“It’s very bad,” said Beat Wittmann, chairman of Switzerland-based Porta Advisors. “This is huge — this is just one piece in the overall plan and it’s completely consistent with what this administration is all about.”

“The ultimate judge for this is not our opinions, it’s the bond market,” Wittmann added. “The U.S. bond market is discounting these developments, and we have seen in the last few weeks, that if there was a safe haven move, investors clearly prefer German bunds.”

Large Australian pension funds with U.S. investments have also been reportedly concerned by the bill, since Australia operates a medicines subsidy scheme that is opposed by large U.S. pharmaceutical companies.

Legal experts at the Mayer Brown law firm suggest that “significant changes” could be made to the bill as it passes through the U.S. Senate before it’s enshrined into law by Trump.

“As such, there may be questions about whether the provisions of the proposal that override tax treaties could be included in the US Senate’s version of the tax bill,” Mayer Brown’s experts said.

This post appeared first on NBC NEWS

Elon Musk is finishing his official role in the Trump administration, but if President Trump’s latest Truth Social post is any indication, the billionaire isn’t going far.

‘I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office,’ Trump posted Thursday. ‘This will be his last day, but not really, because he will, always, be with us, helping all the way. Elon is terrific!’

Musk’s government service will end May 30, the legal 130-day limit for his ‘special government employee’ designation. He was appointed in January to head the Department of Government Efficiency (DOGE), created by executive order on Inauguration Day.

‘As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,’ Musk posted on X Wednesday. ‘The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.’

White House press secretary Karoline Leavitt emphasized Thursday ‘the DOGE leaders are each and every member of the President’s Cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government.’

And the cuts are adding up.

According to a May 26 update on DOGE’s website, the initiative has saved $175 billion through asset sales, contract cancellations, fraud payment crackdowns and other spending cuts. That translates to about $1,087 in savings per taxpayer.

DOGE’s reach has extended across the federal government, but not without pushback.

Democrats in Congress have sharply criticized Musk’s role. During a February House Oversight hearing, Rep. Melanie Stansbury, D-N.M., called his influence ‘reckless and illegal,’ accusing Trump of ‘outsourcing governing to a billionaire who answers to no one.’ 

Rep. Jasmine Crockett, D-Texas, warned Musk was acting as an ‘unelected official’ inside the executive branch.

Despite the criticism, markets are welcoming Musk’s return to the private sector. Bloomberg reported Tesla shares rose 4.2% this week on news of his government exit.

In an investor call earlier this month, Musk reassured shareholders, ‘Starting in June, I’ll be allocating far more time to Tesla and SpaceX now that the groundwork at DOGE is in place.’

The White House did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Diana Stacy and Andrew Mark Miller contributed to this report.

This post appeared first on FOX NEWS

President Donald Trump wrote a fiery, lengthy post on social media Thursday night in response to the intense legal battle surrounding his proposed tariffs.

On Thursday, the U.S. Court of Appeals for the Federal Circuit allowed Trump’s tariffs to temporarily remain in effect, just one day before the US. Court of International Trade on Wednesday ruled that Trump overstepped his authority over tariffs under the International Emergency Economic Powers Act (IEEPA).

On Truth Social, Trump wrote that the U.S. Court of International Trade ‘incredibly’ ruled against the ‘desperately needed’ tariffs, but the order was stayed by the federal court.

‘Where do these initial three Judges come from? How is it possible for them to have potentially done such damage to the United States of America?’ the Republican’s post read. ‘Is it purely a hatred of ‘TRUMP?’ What other reason could it be?’

Trump then took aim at Leonard Leo, a chairman on the Federalist Society’s board of directors. Trump said that he used the conservative legal organization to pick out judges when he was ‘new to Washington.’

‘It was suggested that I use The Federalist Society as a recommending source on Judges,’ Trump wrote. 

‘I did so, openly and freely, but then realized that they were under the thumb of a real ‘sleazebag’ named Leonard Leo, a bad person who, in his own way, probably hates America, and obviously has his own separate ambitions.’

Trump added that he was ‘so disappointed’ in the Federalist Society ‘because of the bad advice they gave me on numerous Judicial Nominations.’

‘This is something that cannot be forgotten!’ the Republican said. ‘With all of that being said, I am very proud of many of our picks, but very disappointed in others. They always must do what’s right for the Country!’

The president then rounded out his lengthy post by calling attention back to his pending tariffs, which he claimed would lead to a ‘rich, prosperous, and successful United States of America.’

‘The ruling by the U.S. Court of International Trade is so wrong, and so political!’ Trump said. ‘Hopefully, the Supreme Court will reverse this horrible, Country threatening decision, QUICKLY and DECISIVELY.’

‘The President of the United States must be allowed to protect America against those that are doing it Economic and Financial harm. Thank you for your attention to this matter!’

Fox News Digital’s Greg Wehner and Bill Mears contributed to this report.

This post appeared first on FOX NEWS

NEWYou can now listen to Fox News articles!

The American health system is bleeding out, and it desperately needs a real doctor. 

Leading Health and Human Services (HHS) today is like navigating a chaotic hospital — patients in every hallway, monitors screaming, seconds ticking away. Yet, instead of a seasoned physician who triages and trusts proven protocols, that hospital is overseen by an activist named Robert F. Kennedy Jr. 

A patient’s oxygen level plummets; nurses turn to HHS Secretary Kennedy. Instead of orders, they get a lecture on conspiracies. Chaos follows. 

That chaos is now national. Our health agencies are trying to perform open-heart surgery while debating the effectiveness of a scalpel. Scientists who should be developing next-generation cancer vaccines are, instead, defending 60-year-old elementary science. 

Conspiracy ideology is beginning to take over, and we’re all going to pay the price. 

I’m a board-certified physician and one of the most-followed online, and since Kennedy took office, I’ve been forced to swap from fact-checking Instagram influencers to fact-checking the nation’s top public-health official. 

Our nation’s health system is in shambles, and the leadership of HHS plays a pivotal role in fixing this disaster. That’s why it’s deeply alarming that Kennedy, who continues to spread misinformation and denies the fundamentals of medicine, remains at the helm of the agency. 

Although he claims he’s ‘not anti-vaccine,’ his words and actions tell a different story. He recklessly attacks vaccine efficacy, spreads disproven theories linking vaccines to autism, and denies fundamental virology — from diseases like HIV, measles, and more. I’m all for healthy skepticism, but scientific skepticism means investigating data, not cherry-picking it … or making it up. 

These aren’t privately held beliefs either — a post on his active X account states that the HPV vaccine ‘increases cervical-cancer risk’ all despite mountains of real-world data showing up to 88% drops in cancer among vaccinated teens. Sweden, England, and even the CDC surveillance report plunging pre-cancer rates.  

Recently, he claimed, ‘50% of the population is diabetic’ and that ‘one out of every three kids’ already has the disease. In reality, true estimates put China’s diabetes prevalence around 12%, and the U.S. pediatric figure closer to one in 300. If one of my interns inflated numbers by a factor of 10, they’d be sent back to remedial math. Kennedy does it regularly on primetime television. 

Worse, he’s now canceled $12 billion in disease outbreak prevention programs, proposed a 26% cut to the NIH budget, and pink-slipped roughly 20,000 public-health scientists and staff. 

Those decisions have consequences: dozens of federally funded vaccine clinics in Arizona, Minnesota, Nevada, Texas and Washington were canceled just as measles cases blew past 1,000 — the worst surge in a generation. 

He’s dismantling the firehouse while buildings are burning. Public health cannot survive an HHS head who guts the programs that keep us safe and then fans the very myths that make outbreaks explode. Kennedy’s long record of undermining proven public health measures and spreading scientific falsehoods makes him a threat to millions of Americans. 

Certainly, he should never have been confirmed to lead the office in the first place, but choosing to leave him in charge is like handing the keys to a driver who continues to insist that stop signs and red lights are optional. 

Today, I say that Kennedy is the wrong person to lead HHS. The integrity of our nation’s health agencies demands leadership grounded in facts, research, and transparency — not misinformation. 

Doctors like me take an oath to ‘do no harm.’ We must call out leaders like Secretary Kennedy when they cause great harm to public health. 

We must stop the bleeding.  

This post appeared first on FOX NEWS

It was nearly 10 p.m. on a Sunday night when House Speaker Mike Johnson, R-La., surprised reporters in the hallway of the Cannon House Office Building.

The top House Republican was making a low-key — but high-stakes — visit to the House Budget Committee before the panel’s second meeting on President Donald Trump’s ‘big, beautiful bill.’ The first meeting on May 16 had blown up without resolution when four fiscal hawks balked at the legislation and voted against advancing it to the full House.

‘The real debate was, is when [we] voted not to approve the budget. And the reason I did that, along with the others, was we needed to make the provisions better,’ Rep. Ralph Norman, R-S.C., told Fox News Digital.

‘It was our opportunity to make a bill that overall was good, better. And that was the impetus to stop the budget, and then get some concessions. And then when it reached Rules Committee, there really wasn’t that much dissension.’

The committee meeting continued with little fanfare, save for Democratic objections to the bill, before one more visit from Johnson, when he signaled the deal was sealed.

‘I think what is about to happen here is that every member, every Republican member, will give a vote that allows us to proceed forward, and we count that as a big win tonight,’ Johnson said. 

He was right, with the legislation advancing exactly along party lines.

Fox News Digital was told that conservatives were anticipating what is called a manager’s amendment, a vehicle with wide flexibility to change legislation, before the House Rules Committee’s vote to advance the bill to the full chamber. 

The House Rules Committee acts as the final gatekeeper to most bills before a House-wide vote. Trump himself made a rare visit to Capitol Hill the morning of May 20 to urge Republicans to vote for the bill.

House leaders again signaled confidence late on May 21, informing Republicans that they would likely vote soon after the House Rules Committee’s meeting was over. However, that meeting alone had already dragged on for hours, from just after 1 a.m. on May 21 to finally voting on Trump’s tax bill just after 2:30 a.m. on May 22. Lawmakers and reporters alike struggled to stay awake as Democratic lawmakers forced votes on over 500 amendments, largely symbolic, in a bid to drag out the process.

Meanwhile, at some point overnight, talks with GOP holdouts went south.

The House Freedom Caucus held an impromptu press conference directly after Chair Andy Harris, R-Md., met with Johnson.

‘The leadership’s going to have to figure out where to go from here,’ Harris said. ‘I think there is a pathway forward that we can see…I’m not sure this can be done this week. I’m pretty confident it could be done in 10 days. But that’s up to leadership to decide.’

Harris also said the Freedom Caucus had struck a ‘deal’ with the White House, something a White House official denied. ‘The White House presented HFC with policy options that the administration can live with, provided they can get the votes,’ the official said.

However, the manager’s amendment, which finally came out just after 11 p.m. on May 21, eased the concerns of at least several of the fiscal hawks.

It bolstered funding to states that did not expand Medicaid under the Affordable Care Act (ACA), included additional tax relief for gun owners, and quickened the implementation of Medicaid work requirements, among other measures.

Meanwhile, a small group of those House Freedom Caucus members had also been meeting with a small group of conservative senators who assured them they would seek deep spending cuts in the bill when it landed in the upper chamber, Norman said.

‘It was our hope that the Senate would come back and even make the cuts deeper, so that the deficit could be cut,’ Norman said.

The moves were not enough to ease everyone’s concerns, however. Roughly three hours after the amendment’s release, Freedom Caucus Policy Chair Chip Roy, R-Texas, was the only Republican member of the House Rules Committee to miss the key vote.

Fox News Digital inquired via text message why Roy missed the vote and was told he was ‘actually reading the bill…’

Nevertheless, it passed by an 8 to 4 vote — prompting House leaders to warn their members to return for what would be an all-night series of voting and debates. Democratic leaders, recognizing they would be sidelined completely if Republicans had enough support on their side, again moved to delay the proceedings.

A whip notice sent to House Democrats, obtained by Fox News Digital, warned left-wing lawmakers that ‘House Republicans are planning to finish debate and vote on final passage of H.R. 1 late tonight.’

The notice advised that House Democratic Caucus Chair Pete Aguilar, D-Calif., would force a vote on adjourning the House and that ‘additional procedural votes are expected.’

In a bid to keep Republicans close to the House floor for what was an hourslong night, the speaker set up a side room with snacks and coffee for lawmakers to wait out proceedings. In the House Appropriations Committee room just down the hall, more Republicans were huddled over cigars and other refreshments. The smell of tobacco smoke wafted out as increasingly haggard lawmakers shuffled between the two rooms.

Fox News Digital even heard from several lawmakers inquiring when the final vote was expected to be — and wondering whether they had time for a nap themselves. Meanwhile, Fox News Digital spotted Harris and Roy walking the opposite way from the hullabaloo of the House floor, toward the much quieter Longworth House Office Building.

Both said they were leaving for more conversations with White House staff before the final vote.

‘The manager’s amendment gets us a little closer, but we’re still in discussions with the executive branch to see whether we can achieve the objectives that we seek, which is support the president’s goals on waste fraud and abuse in Medicare and Medicaid and, you know, making sure that we’ve got all we can out of the Inflation Reduction Act,’ Harris said.

Roy said he hoped Republicans would go further against states that drastically expanded their Medicaid populations under the ACA. He also signaled that leaders suggested at the time some further Medicaid reform could come from the White House.

‘The speaker alluded to this afternoon…that there are things in the executive space, executive actions, that we think could take care of some of the concerns that we were having about — again, it’s not what we want, but it does ameliorate some of our concerns on the Medicaid expansion front,’ Roy said.

Fox News Digital reached out to the White House and the speaker’s office for comment.

When it came time for the final vote, it appeared enough was done to get Roy on board. Harris, however, voted ‘present.’

Neither made themselves available for an interview for this story.

The final vote saw just two Republican defections — Rep. Thomas Massie, R-Ky., long a critic of Johnson, and Rep. Warren Davidson, R-Ohio.

‘While I love many things in the bill, promising someone else will cut spending in the future does not cut spending. Deficits do matter and this bill grows them now. The only Congress we can control is the one we’re in. Consequently, I cannot support this big deficit plan. NO,’ Davidson posted on X just before the vote began.

Two other Republicans, Reps. David Schweikert, R-Ariz., and Andrew Garbarino, R-N.Y., both fell asleep before the final vote — but both said they would have voted to pass the bill.

In the end, it advanced by a 215-214 vote — with Republicans erupting in cheers when they realized the victory was locked.

‘The media, the Democrats have consistently dismissed any possibility that House Republicans could get this done. They did not believe that we could succeed in our mission to enact President Trump’s America First agenda. But this is a big one. And once again, they’ve been proven wrong,’ Johnson said during a press conference after the vote.

Now, the bill is expected to be considered by the Senate next week — when senators are already signaling they are gearing up to make changes.

‘I encourage our Senate colleagues to think of this as a one-team effort as we have, and to modify this as little as possible, because it will make it easier for us to get it over the line ultimately, and finish and get it to the president’s desk by July fourth,’ Johnson said.

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Federal authorities are probing a scheme to impersonate White House chief of staff Susie Wiles, according to individuals familiar with the issue, the Wall Street Journal reported.

‘The White House takes the cybersecurity of all staff very seriously, and this matter continues to be investigated,’ a White House official noted.

Senators, governors, American business executives and other people have gotten texts and calls from an individual claiming to be Wiles, individuals familiar with the messages noted, according to the outlet.

FBI officials informed the White House that they do not think another country is involved, some of the people noted, according to the report.

Fox News Digital reached out to the FBI for comment on Friday morning, but did not receive a response by the time of publication.

‘The FBI takes all threats against the president, his staff, and our cybersecurity with the utmost seriousness,’ FBI Director Kash Patel declared in a statement, according to the Journal. ‘Safeguarding our administration officials’ ability to securely communicate to accomplish the president’s mission is a top priority.’

The chief of staff informed associates that her phone contacts had been hacked, according to some of the people, the Journal reported. The phone is her personal device, not a government phone, the individuals noted, according to the outlet.

Some calls involved a voice which sounded like the chief of staff, individuals who heard them noted, according to the report. Government officials believe the impostor utilized artificial intelligence to mimic her voice, some of the individuals noted.

In some cases involving texts, individuals got requests which they at first thought were official, according to the outlet, which noted that one legislator received a request to develop a list of people who could be pardoned by Trump.

But it became evident to some legislators that the asks were suspect when the impostor started posing questions about the president, for which Wiles should have been privy to the answers — and in one instance, when the impostor requested a cash transfer, some of the people noted, according to the outlet. 

In many instances, the impostor used broken grammar and the messages were too formal compared to how Wiles normally communicates, individuals who received the messages noted, according to the outlet. The calls and texts did not emanate from Wiles’s phone number, according to the report.

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Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the appointment of Jasmine Lau, CPA, as Chief Financial Officer (‘CFO’) of Group Eleven, replacing Jeannine Webb, effective May 30, 2025.

Jasmine is a Vancouver-based Chartered Professional Accountant with over 16 years’ experience in the resource sector, having served as the Chief Financial Officer for several mineral exploration companies. She is currently the CFO of Minaurum Gold Inc, Forte Minerals Corp., and Cascadia Minerals Ltd. Prior to that, Jasmine also served as CFO to a various number of other private and public mineral exploration companies.

‘On behalf of Group Eleven and its Board of Directors, I am very pleased to welcome Jasmine to the team,’ stated Bart Jaworski, CEO. ‘Jasmine’s appointment brings a wealth of relevant experience and skills to the Company. I would also like to sincerely thank Jeannine Webb for her valuable contributions and dedication to the Company over the past three years.’

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463

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 Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253899

News Provided by Newsfile via QuoteMedia

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(TheNewswire)

Brossard (Québec) TheNewswire – le 30 mai 2025 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d’Amérique du Nord cotée en bourse axée sur la production et la distribution d’hydrogène vert, annonce aujourd’hui ses résultats financiers et opérationnels pour la période de trois mois se terminant le 31 mars 2025.

Tous les permis nécessaires à la construction de l’usine de Sorel-Tracy ont été obtenus et Hydro-Québec, le distributeur d’énergie provincial, travail à compléter l’interconnexion, ce qui permettra au projet de respecter l’échéancier de production de 2025.

FAITS SAILLANTS T1 2025:

  • Les flux de trésorerie négatifs liés aux activités d’exploitation ont diminué de 7 % pour atteindre 620 097 $ au premier trimestre de 2025, contre 663 843 $ au premier trimestre de 2024 (activités toujours en resserrement des frais généraux et administratifs).

  • Les revenus ont diminué à 5 067 $ au premier trimestre de 2025, contre 81 637$ au premier trimestre de 2024 (générés par l’acquisition de Wolf River le 1 er décembre 2022). Il y a une réduction temporaire des services à la centrale à la suite d’une panne d’équipement, qui sera réparée avec une capacité accrue.

  • La Société a clôturé des actions pour le règlement de dettes au management de 310 000 $ et des exercices de bons de souscription totalisant 293 270 $ (10 000 $ en T1 2024).

  • La Société a annoncé la signature d’une convention de financement pour une facilité de capital de construction pouvant atteindre 50 millions de dollars américains ; et

  • La Société a annoncé avoir signé une entente d’approvisionnement avec un producteur américain de gaz industriels de premier plan afin d’élargir son offre aux clients et de générer des revenus immédiats à partir d’une source diversifiée.

La gestion financière rigoureuse de Charbone et ses nouveaux partenariats stratégiques lui permettent de concrétiser sa vision : devenir un leader nord-américain des réseaux de distribution d’hydrogène vert et de gaz industriels. Ces avancées soulignent sa volonté de jouer un rôle moteur dans la transition énergétique.

La direction est motivée à poursuivre ses efforts pour faire avancer et achever le(s) projet(s) annoncé(s) avec une structure administrative allégée , a déclaré Benoit Veilleux, Chef de la direction financière et secrétaire corporatif de Charbone. Avec la signature d’une entente de principe sur le financement du capital de construction et sujet à l’achèvement du développement des projets, Charbone dispose désormais d’un partenaire pour déployer et livrer son/ses projet(s) actuel(s) et d’un potentiel de croissance à court terme.


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À propos de Charbone Hydrogène Corporation

Charbone est une entreprise intégrée d’hydrogène vert disposant de capacités stratégiques de distribution de gaz industriels en Amérique du Nord. Tout en poursuivant le développement de son réseau modulaire de production d’hydrogène vert, Charbone s’appuie également sur des partenariats commerciaux pour fournir de l’hydrogène, de l’hélium et d’autres gaz industriels sans les exigences en capital élevées des usines de production. Cette approche améliore les sources de revenus, réduit les risques opérationnels et accroît la flexibilité sur le marché. Charbone reste la seule société purement axée sur l’hydrogène vert cotée en bourse en Amérique du Nord, avec des actions cotées à la Bourse de croissance TSX (TSXV: CH); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone Hydrogène :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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(TheNewswire)

Brossard, Quebec TheNewswire – May 30, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s sole publicly traded pure-play company focused on green hydrogen production and distribution, today announces its financial and operational results for the three-month period ending March 31, 2025.

All necessary permits for the construction of the Sorel-Tracy facility have been secured, and Hydro-Québec, the provincial energy distributor, is working towards completing the interconnection, keeping the project on schedule for 2025 production.

Q1 2025 HIGHLIGHTS:

  • Negative cash flows from operating activities decreased by 7% to $620,097 in Q1 2025, down from $663,843 in Q1 2024 (activities still tightening general and administrative expenses).

  • Revenue decreased to $5,067 in Q1 2025, down from $81,637 in Q1 2024 (generated from the Wolf River acquisition on December 1, 2022). There is a temporary reduction in services at the dam following an equipment failure, which will be repaired with increased capacity.

  • The Company has closed shares for the management debt settlement of $310,000 and exercises of warrants totaling $293,270 ($10,000 in Q1 2024).

  • The Company announced the signing of a term sheet for a construction capital facility of up to US $50 million; and

Charbone’s disciplined financial management and new strategic partnerships position the company to achieve its vision of becoming a North American leader in green hydrogen and industrial gases distribution networks. These advancements underscore its commitment to being a game-changer in the energy transition.

Management is motivated to continue its efforts to advance and complete the announced project(s) with a lean administrative structure,’ said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE . ‘With the construction capital facility term sheet in place and subject to completing project development activities, CHARBONE now has a partner to deploy and deliver its current project(s) and a growth potential in the short term.


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About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com