Breaking
Investment Ranch
Author

admin

Browsing
Investing

Silver47 Announces Its Final Closing of $9.8 Million Non-Brokered Private Placement

Investing 8 Mins Read

Not for distribution to United States Newswire Services or for dissemination in the United States

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce the completion of its previously announced non-brokered private placement (the ‘Private Placement’), raising gross proceeds from the fourth tranche of $1,800,000 through the issuance of 3,600,000 (the ‘Units’) at a price of $0.50 per Unit. The Company issued an aggregate of (i) 18,538,400 Units and (ii) 929,192 flow-through units of the Company (the ‘FT Units’) at a price of $0.57 each, for aggregate gross proceeds to the Company of approximately $9.8 million under the Private Placement.

‘We are extremely grateful for the strong support from our existing and new shareholders, which allowed us to upsize this private placement from $3 million to $9.8 million’ Commented Gary R. Thompson, CEO ‘This level of support reflects the confidence in our projects and growth potential. With these funds, we are well-positioned to carry out an exciting and productive year of exploration and development at our Red Mountain Project in Alaska.’

Each Unit consists of one common share in the capital of the Company (the ‘Common Share‘) and one-half of one Common Share purchase warrant (with each full warrant being a ‘Warrant‘). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.75 within 36 months following issuance.

In connection with the final closing, the Company paid aggregate finders’ fees of $51,940 in cash, representing 7% of the aggregate proceeds raised by the finders, and issued 103,880 finders’ warrants (the ‘Finders’ Warrants‘), representing 7% of the number of securities sold to subscribers introduced to the Company by the finders. Each Finders’ Warrant is exercisable for one Common Share at an exercise price of $0.75 for a period of 36 months from the date of issuance. The Company paid aggregate finders fees of $336,234 in cash and issued 669,158 finders’ warrants under the Private Placement.

All securities issued pursuant to the Private Placement are subject to a restricted hold period of four months and a day from the date of issuance under applicable Canadian securities legislation. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘).

Corporate Update

Concurrent with the completion of the Private Placement, the Company has granted to certain directors, officers, employees and consultants of the Company an aggregate of 2,600,000 stock options (the ‘Options‘). The Options are exercisable for a 10-year period from the date of grant and will vest in two equal installments, 12 and 24 months from the date of grant. Each vested Option will entitle the holder to acquire one Common Share at an exercise of $0.60. The Options are subject to the terms and conditions of the Company’s share compensation plan and the policies of the TSXV. Of the Options granted above, 300,000 Options were granted to High Tide Consulting Corp. (‘High Tide‘), a provider of investor relations services, pursuant to the Contractor’s Agreement (as such term is defined below).

The Company has engaged the services of High Tide to provide corporate communications, investor relations and strategic marketing services in compliance with the policies of the TSXV and applicable securities laws. High Tide is expected to heighten capital market awareness and understanding of the Company and to assist with managing investor communications and expectations, through various outreach and marketing programs.

In connection with the engagement of High Tide, the Company and High Tide has entered into an independent contractor’s agreement (the ‘Contractor’s Agreement‘). Pursuant to the terms of the Contractor’s Agreement, the Company has agreed to pay High Tide a cash fee of C$7,500 plus applicable taxes per month and grant 300,000 Options as indicated above. The Contractor’s Agreement is for an initial term of six months and may be terminated by either party on at least 30 days written notice.

High Tide is a company based in British Columbia, Canada, and offers a full suite of investor relations and communications services for public and private companies. High Tide is an arm’s length party to the Company. High Tide has no present, direct or indirect interest in the Company or its securities, nor any right or present intention to acquire such an interest except as otherwise provided in this release. High Tide and its clients may acquire an interest in the securities of the Company in the future.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), or any state securities laws and may not be offered or sold in the ‘United States’ or to ‘U.S. persons’ (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Silver47 Exploration Corp.

Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated March 2, 2023. The Company also owns the Adams Plateau Project in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the Michelle Project in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Common Shares are traded on the TSXV under the ticker symbol AGA.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’.

Follow us on social media for the latest updates:

    On Behalf of the Board of Directors
    Mr. Gary R. Thompson, Director and CEO
    gthompson@silver47.ca

    For investor relations
    Meredith Eades
    info@silver47.ca
    778.835.2547

    No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    FORWARD-LOOKING STATEMENTS

    This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: ; anticipated use of proceeds from the Private Placement; vesting and exercise of the Options; High Tide’s services to be performed pursuant to the Contractor’s Agreement; ability to obtain all necessary regulatory approvals; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: ; receipt of required regulatory approvals of the Private Placement; engagement of High Tide on the terms described in the Contractors’ Agreement; the use of proceeds not being as anticipated; the vesting and exercise of the Options; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247329

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

    Keep Reading
    Investing

    Jim Thorne: US$5,000 Gold by 2028? “Crazy Phase” Still to Come

    Investing 1 Min Read

    Jim Thorne, chief market strategist at Wellington-Altus, discusses which assets investors should focus on in today’s tumultuous environment.

    He sees promise in gold and silver, as well as Bitcoin and the artificial intelligence sector.

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

    This post appeared first on investingnews.com

    Keep Reading
    Investing

    PDAC Urges Long-term METC Extension Ahead of 2025 Election

    Investing 4 Mins Read

    As Canada prepares for a federal election, the Prospectors & Developers Association of Canada (PDAC) is pressing political parties to commit to long-term support for the Mineral Exploration Tax Credit (METC), emphasizing its crucial role in sustaining the country’s resource exploration industry.

    While the Liberal government announced a two year METC extension earlier this month, PDAC is urging the next government to put a 10 year extension in place once Parliament returns. It believes this will provide the stability needed to attract investment in mineral exploration, particularly in remote and Indigenous communities.

    “Since its introduction in 2000, the METC has been indispensable to mineral exploration across the country — helping to generate billions in equity, creating jobs, supporting remote and Indigenous communities, and enabling major discoveries that feed into Canada’s broader mining ecosystem,” said PDAC President Karen Rees on Monday (March 31).

    “For every dollar the government forgoes, multiple dollars flow back into Canada’s economy, with rural, remote, and Indigenous communities seeing substantial benefits,’ she added.

    PDAC has included this recommendation in its broader election platform roadmap, which also calls for regulatory reforms to accelerate project approvals and enhance Canada’s competitiveness in the global critical minerals market.

    Conservative Party’s mining commitments

    Conservative Party Leader Pierre Poilievre has positioned mining and resource development as a cornerstone of his economic plan, pledging to fast-track permitting for major mining projects.

    Poilievre has committed to setting a six month deadline for approving all federal permits in Ontario’s Ring of Fire region, along with a C$1 billion investment over three years to develop essential road infrastructure that will connect mining sites to Ontario’s highway network and First Nations communities.

    “Unlocking the Ring of Fire will be life-changing for Northern Ontario towns and First Nation communities, galvanized by thousands of paycheques and modern infrastructure,” he said in a press release. “We could boost our economy with billions of dollars, allowing us to become less dependent on the Americans, while our allies overseas would no longer have to rely on Beijing for these metals, turning dollars for dictators into paycheques for our people.’

    Beyond the Ring of Fire, Poilievre has proposed a ‘shovel-ready zones’ initiative, which is aimed at establishing pre-approved permits for large-scale resource and energy projects.

    The Conservative platform also includes broader efforts to reduce regulatory barriers, promising a pre-approved national energy corridor to streamline infrastructure development across the country.

    On the financial side, Poilievre has announced plans to defer capital gains taxes for investors who reinvest in Canadian projects, a move he says will serve as ‘rocket fuel’ for domestic investment, including in mining and critical minerals.

    Liberal Party’s approach to mining

    The Liberal Party, under leader Mark Carney, has focused on expanding Canada’s role in the global critical minerals supply chain while balancing environmental and Indigenous concerns.

    Carney has emphasized trade diversification and infrastructure investments, including a C$5 billion Trade Diversification Corridor Fund aimed at supporting industries like mining that are essential for Canada’s export economy.

    ‘Canada must diversify and expand its trading relationships by becoming an essential partner for like-minded countries, drawing on our vast resources of conventional and clean energy, critical metals and minerals, leadership in [artificial intelligence] and deep human capital,’ Carney states in his campaign material.

    While the Liberals have not proposed the same level of permitting acceleration as the Conservatives, they have pledged to maintain existing federal tax credits for clean technology and critical mineral production.

    Carney’s platform also includes funding for workforce training and economic partnerships with Indigenous communities to ensure they benefit from resource development projects.

    Path forward for Canada’s mining sector

    With both major parties acknowledging the importance of mining to Canada’s economy, the 2025 election will be critical in shaping the future of mineral exploration and development.

    Regardless of which party wins, industry experts believe that mining will be a central pillar of Canada’s economic strategy. The urgency to secure domestic mineral supply chains, exacerbated by US tariffs and shifting global trade dynamics, has made support for mining a rare point of agreement.

    With the election shaping up to be a close race, mining sector stakeholders will be watching closely to see how political promises translate into actionable policies.

    Canadians will head to the polls on April 28.

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

    This post appeared first on investingnews.com

    Keep Reading
    Stock

    BSX Stock Slump? Discover This Winning Option Strategy

    Stock 4 Mins Read

    When the stock market lacks clear direction, options strategies can be a dependable friend. I often go through the OptionsPlay ChartLists in StockCharts to look for stocks that show potential trading or investing opportunities. 

    On Tuesday, as I was scrolling through the Bearish Trend Following Strategies in the OptionsPlay Strategy Center, using a balanced risk profile and max risk of $2,500 as the criteria, a long put on Boston Scientific Corp. (BSX) stock showed up on the list with a relatively high OptionsPlay score.

    The closing stock price of BSX on Tuesday was $101.24 and was approaching its 50-day simple moving average (SMA), which could act as a resistance level. Its relative strength index (RSI) was hovering around 50, and the percentage price oscillator (PPO) was close to the zero line. Not much changed on Tuesday (see chart below).

    FIGURE 1. DAILY CHART OF BSX STOCK. The stock price is approaching its 50-day SMA but momentum seems to be slowing as indicated by the relative strength index and percent price oscillator. Chart source: StockCharts.com. For educational purposes.The RSI and PPO indicate that momentum has slowed in the stock. So there’s a chance the stock price of BSX could hit the resistance of its 50-day SMA and fail to break above it, or it could break above it and continue higher. The short-term directional bias is neutral and could be a viable options trading candidate. 

    Let’s see what strategies the OptionsPlay Explorer comes up with for a bearish outlook on the stock price of BSX. 

    How to access OptionsPlay. In the SharpCharts workbench, select Options > OptionsPlay. Then compare the three optimal strategies. 

    FIGURE 2. OPTIMAL STRATEGIES FOR TRADING BSX FOR A BEARISH SCENARIO. Shorting BSX, buying a put, and a long put vertical are viable trading strategies for BSX. When selecting a strategy, select one that aligns with your comfort level. Image source: StockCharts.com.

    The two options strategies with relatively high OptionsPlay scores are the May 16 105 put and the May 16 105/90 put vertical spread. If you shorted 100 shares of BSX instead of trading options on the stock, your return would have been lower (see left panel). 

    Both options strategies, i.e., the long May 15 105 put and the May 16 105/90 put vertical, look viable but a bearish move isn’t confirmed in the daily chart of BSX. There’s a chance the stock price of BSX will remain between $90 and $105 for an extended period (dashed blue horizontal lines). Because of the lack of directional clarity, I’d prefer to opt for the put vertical. You’re still buying the long put but adding a short put at a lower strike price with the same expiration date. This will offset the long put’s cost. 

    Your risk is limited to $555 with a potential reward of $945. The trade will be profitable if the stock price of BSX closes below $99.45 before the contract expires. As of this writing, there’s a 48.6% probability of this happening.

    Remember, stock prices are dynamic so what you see today may not be the same as what you see tomorrow.

    Keep the following points in mind:

    • You’re considering a bearish strategy when the short-term trend is neutral. 
    • BSX reports earnings on April 30, which is before the options contract expires. 
    • Keep an eye on implied volatility since it can change significantly during earnings. It’s important to manage your open trade. There are many ways to do this. View our educational webinars to learn more about how to manage your option trades.

    The Bottom Line

    With tariff announcements looming, it’s probably a good idea to hold off placing trades until after we know what tariffs will be implemented. Things could change on Thursday and BSX’s stock price shows a clear upside or downside. Review the optimal strategies before placing an option trade, and only place a trade if you are comfortable with the risk-reward tradeoff.

    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

    Keep Reading
    Investing

    Cizzle Brands’ CWENCH Hydration Becomes USA Hockey’s Official Hydration Partner

    Investing 6 Mins Read

    As a proud supporter of grassroots hockey across North America, Cizzle Brands is embracing this opportunity to further enhance its U.S. presence with brand visibility throughout the entire USA Hockey network by virtue of this multi-year sponsorship.

    Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) ( the ‘Company’ or ‘Cizzle Brands’) , is pleased to announce that CWENCH Hydration is now the official hydration partner of USA Hockey , which is the national governing body for the sport of ice hockey in the United States and includes more than one million players, coaches, officials and volunteers across the country.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250403845444/en/

    CWENCH Hydration has become the official hydration partner of USA Hockey.

    CWENCH Hydration will be featured prominently at USA Hockey player development camps , the Chipotle All-American Game (featuring the top American-born NHL Draft eligible prospects), and the Rivalry Series (between USA Hockey and Hockey Canada, televised on the NHL Network). Additionally, CWENCH Hydration will have a significant presence at all youth and girls’ national championships, as well as a significant presence at the USA Hockey National Team Development Program and at various National Team camps. Furthermore, CWENCH Hydration will benefit from visibility across USA Hockey’s range of digital and online properties, including USA Hockey Magazine , its lineup of newsletters, the USAHockey.com website, and USA Hockey social media channels.

    This partnership is part of a multi-year sponsorship agreement between the Company and USA Hockey, adding to Cizzle Brands’ portfolio of sponsorships in support of grassroots athletics across North America. This includes its arena sponsorship with Canlan Sports (anchored by the CWENCH Centre in Toronto), CWENCH’s endorsement deal with Canadian youth hockey influencer Coach Chippy , and the title sponsorship of the CWENCH All Canadian Basketball Games (which will be televised on TSN this weekend).

    Cizzle Brands’ Founder, Chairman, and Chief Executive Officer John Celenza commented, ‘We are thrilled about CWENCH Hydration becoming the official hydration partner of USA Hockey, which has been a household name in the North American hockey community for generations. We are strategically building up CWENCH’s presence in the United States as we commercialize the product line across key North American markets. As we approach the one-year anniversary of the launch of CWENCH, we continue to form partnerships that massively increase visibility and awareness for the brand. This agreement with USA Hockey is one of those partnerships.’

    ‘It’s exciting to welcome CWENCH to our USA Hockey family,’ said Pat Kelleher , Executive Director of USA Hockey. ‘It’s no secret the importance of hydration in our sport and it’s great to have the partnership and expertise of CWENCH to help our athletes be at their best.’

    About Cizzle Brands Corporation

    Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration, a better-for-you sports drink that is now carried in over 1,800 stores in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle.

    For more information about Cizzle Brands, please visit: https://www.cizzlebrands.com/

    For more information about CWENCH Hydration, please visit: https://www.cwenchhydration.com

    About USA Hockey

    USA Hockey, established on October 29, 1937, and headquartered in Colorado Springs, Colorado, provides the foundation for the sport of ice hockey in America; helps young people become leaders, sometimes Olympic or Paralympic heroes; and connects the game at every level while promoting a lifelong love of the sport. USA Hockey is more than a million strong, including players, coaches, officials and volunteers that span all 50 states. The National Governing Body for the sport in the United States, USA Hockey has important partnerships with the NHL, United States Olympic and Paralympic Committee and International Ice Hockey Federation. For more information, visit usahockey.com .

    Notice Regarding Images and Links: This press release may contain images and/or links to outside web pages, which could play an important role in providing the full context of the news update being conveyed through this press release. Some news aggregation services may remove these images and/or links at their discretion. Therefore, readers are encouraged to access SEDAR+ or the News section of the Cizzle Brands Corporation website to view this press release containing all images and/or links as originally published.

    On behalf of the Board of Directors of the Company,

    Cizzle Brands Corporation

    ‘John Celenza’

    John Celenza, Founder, Chairman, and Chief Executive Officer

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

    This news release contains ‘forward-looking information’ which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or variations (including negative variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company.

    Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information 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 information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors change.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250403845444/en/

    For further information, please contact:

    Setti Coscarella
    Head of Corporate Development
    investors@cizzlebrands.com
    1-844-588-2088

    News Provided by Business Wire via QuoteMedia

    This post appeared first on investingnews.com

    Keep Reading
    Investing

    Los Andes Copper Announces Expansion of Land Package

    Investing 4 Mins Read

    Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) (‘Los Andes’ or the ‘Company’) is pleased to announce that the Company has expanded its land package by obtaining first-priority exploration claims over new areas within and adjacent to the current property boundaries for Los Andes’ Vizcachitas copper project in Chile (‘Vizcachitas’).

    The claims cover an 18 square kilometer (‘km2‘) block within the current property boundary, and another 7km2 block adjacent to the north-east corner of the property boundary, as shown in Figure 1.

    Figure 1: Historical and New Mining Claims at the Vizcachitas project.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/916/247211_0d6be588b470c984_002full.jpg

    The 18km2 block within the current property boundary covers the higher ground bordering the Vizcachitas deposit to the southeast, near the mineralized extensions identified in the 2023 drill program.

    Following the ruling made on February 12, 2025, the cancellation of the existing exploitation claims was certified by the Court in Putaendo on March 5, 2025, and recorded in the Putaendo Mine Registration Office on April 1, 2025.

    Santiago Montt, CEO of Los Andes, commented: ‘We are very pleased to have expanded our land package to have first-priority exploration claims over a new combined area of 25km2. These additional new claims have increased our total land package to 474.4km2. This new ground has highly prospective geology, providing further potential upside for the Vizcachitas project and the Company.’

    About Los Andes Copper Ltd.

    Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing the Project, which is located along Chile’s most prolific copper belt, into production. Vizcachitas is one of the largest copper deposits in the Americas not controlled by the majors and the Company believes it will be Chile’s next major copper mine.

    The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company’s SEDAR profile.

    Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.

    Qualified Persons

    Antony Amberg CGeol FGS, the Company’s Chief Geologist, is the qualified person who has reviewed and approved the scientific and technical information contained in this news release.

    For more information please contact:

    Santiago Montt, CEO
    santiago.montt@losandescopper.com
    Tel: +56 2 2954-0450

    Elizabeth Johnson, Investor Relations
    Elizabeth.johnson@losandescopper.com

    E-Mail: info@losandescopper.com or visit our website at: www.losandescopper.com
    Follow us on twitter @LosAndesCopper
    Follow us on LinkedIn Los Andes Copper Ltd

    Certain of the information and statements contained herein that are not historical facts, constitute ‘forward-looking information’ within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) (‘Forward-Looking Information’). Forward-Looking Information is often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’ and ‘intend’; statements that an event or result is ‘due’ on or ‘may’, ‘will’, ‘should’, ‘could’, or might’ occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information. Such Forward Looking Information includes, without limitation, the timing of and ability to obtain TSX-V and other regulatory approvals and the prospects, details related to and timing of the Vizcachitas Project. Such Forward-Looking Information is based upon the Company’s assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy and the Company’s production. Among the factors that have a direct bearing on the Company’s future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.

    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.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247211

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

    Keep Reading
    Investing

    White House Considers Executive Order to Speed Up Deep-Sea Mining Permits

    Investing 4 Mins Read

    The White House is reportedly considering an executive order aimed at expediting the process for deep-sea mining in international waters, according to a Reuters exclusive.

    The potential order could allow US companies to bypass the United Nations-backed review system currently in place and seek faster approval from US regulatory agencies for the extraction of key critical minerals.

    These minerals, including nickel and copper, are essential for industries ranging from technology to energy, and the push is part of a broader US strategy to reduce dependence on foreign supply chains, especially China.

    The order could pave the way for companies to apply for permits through the US Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) instead of the International Seabed Authority (ISA).

    The ISA has been working for years to develop a regulatory framework for deep-sea mining in international waters, but has faced delays due to ongoing debates over environmental and operational guidelines.

    The Trump administration’s proposed move to fast-track mining permits is part of a broader “America First” agenda that prioritizes boosting domestic production of minerals critical for national security and technological infrastructure.

    Earlier this month, President Donald Trump invoked emergency powers to accelerate domestic mineral production.

    This new executive order would extend that push to international waters, reinforcing the US commitment to reducing reliance on foreign sources, particularly China. China has strong control over supply of many key minerals, especially those vital for the defense and high-tech sectors. Recent steps from the US to secure alternative sources include the pursuit of potential partnerships with nations like Greenland and Ukraine for mineral extraction.

    The executive order under consideration would allow American companies to extract seabed resources while following US regulations, sidestepping the slow-moving ISA process.

    Regulatory disputes and growing frustration

    Under current international law, deep-sea mining in international waters is governed by the ISA, which was established by the United Nations Convention on the Law of the Sea (UNCLOS).

    However, the ISA has yet to finalize its mining regulations, largely due to disputes over environmental issues, such as the impact of mining on marine ecosystems and biodiversity.

    One major company, the Metals Company (TMC) (NASDAQ:TMC), which has been involved in deep-sea mining for over a decade, has expressed frustration over the ISA’s delays.

    In a recent statement, TMC CEO Gerard Barron said while the company has invested heavily in developing environmentally responsible mining techniques, it has been unable to move forward due to the ISA’s lack of action.

    “We believe we have sufficient knowledge to get started and prove we can manage environmental risks. What we need is a regulator with a robust regulatory regime, and who is willing to give our application a fair hearing,” he said.

    TMC has already taken steps to apply for mining permits under existing US laws, and intends to submit its application for exploration licenses and recovery permits in the second quarter of 2025.

    The ISA, which is composed of 36 member nations, recently held a council meeting in Kingston, Jamaica, where it once again failed to resolve critical regulatory issues surrounding deep-sea mining.

    The meeting, which took place earlier this month, ended without an agreement on key amendments to the draft mining code that has been under discussion for years.

    Delays from the ISA have led some companies, such as TMC, to seek alternatives. Barron has voiced support for a US-led permitting process, arguing that the US already has a robust framework under the Deep Seabed Hard Mineral Resources Act of 1980, which gives NOAA the authority to regulate deep-sea mining activities in international waters.

    “Despite collaborating in good faith with the ISA for over a decade, it has not yet adopted the Regulations on the Exploitation of Mineral Resources in the Area in breach of its express treaty obligations under UNCLOS and the 1994 Agreement,” Barron continued, adding that the company is confident it can manage risks.

    The ISA’s failure to resolve these issues has raised concerns among nations and companies that have staked claims in international waters. Bypassing the ISA could strain relations with countries that support its oversight role, especially those advocating for a global regulatory approach to ensure fair and sustainable resource extraction.

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

    This post appeared first on investingnews.com

    Keep Reading
    Investing

    AngloGold Completes Tropicana Renewables Project

    Investing 2 Mins Read

    AngloGold Ashanti (NYSE:AU,JSE:ANG)said on Monday (March 31) that with the completion of its Tropicana renewables project it has created the largest hybrid power system in Australia’s mining sector.

    First introduced by AngloGold in June 2023, the renewables project is a partnership with Pacific Energy (ASX:PEA), which will integrate 61 megawatts of wind and solar generation capacity at the Tropicana development.

    Tropicana is located in Western Australia roughly 1,000 kilometres east of Perth and is a joint venture between AngloGold and fellow gold producer Regis Resources (ASX:RRL,OTC Pink:RGRNF).

    The former holds a 70 percent interest in the project, while the latter owns the remaining 30 percent.

    The renewables project is expected to reduce the Tropicana development’s natural gas consumption by approximately 50 percent and decrease carbon emissions by an average of 65,000 tonnes annually over the next decade. The project was completed on time, as construction began toward the end of 2023 and was expected to finish during Q1 2025.

    “This project will enable a significant reduction in emissions while reducing both diesel and natural gas consumption and improving our overall security of energy supply,” said AngloGold CEO Alberto Calderon.

    The project’s energy capacity is equivalent to powering between 40,000 and 50,000 average Australian homes annually. AngloGold believes Tropicana enhances its net asset value, underlining its status as a valuable investment.

    In the long run, the renewables initiative will play a crucial role in AngloGold’s 2030 decarbonisation goal, which calls for a 30 percent reduction in Scope 1 and 2 greenhouse gas emissions based on its 2021 carbon emissions baseline.

    Outlining the project’s environmental impact in a fact sheet, AngloGold compares it to planting 33 million trees annually, removing 23,000 cars from the road each year or eliminating 2.8 million long-haul flights per year.

    Additionally, the plant is expected to reduce the Tropicana operation’s diesel consumption by 5.6 million litres annually and cut natural gas usage by 1.1 million gigajoules per year.

    Pacific Energy was responsible for designing and constructing the expansion. The company also owns and operates the hybrid renewables-natural gas power station under a 10 year power purchase agreement.

    Combined, the thermal and renewable power systems will provide a total capacity of 115 megawatts.

    Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    Keep Reading
    Business

    United Airlines adds Thailand, Vietnam and Australia flights in latest expansion

    Business 2 Mins Read

    United Airlines plans to add daily flights to Vietnam and Thailand in October, further expanding the network for the U.S. carrier that already has the most Asia service.

    In the expansion, United is using a tactic that’s unusual in its network: Its airplanes from Los Angeles and San Francisco that are headed for Hong Kong will then go on to the two new destinations. The Bangkok and Ho Chi Minh City, Vietnam, service is set to begin on Oct. 26.

    On Oct. 25, United plans to add a second daily nonstop flight from San Francisco to Manila, Philippines, and on Dec. 11, it will launch nonstops from San Francisco to Adelaide, Australia, which will operate three days a week.

    The carrier has aggressively been adding far-flung destinations not served by rivals to its routes, like Nuuk, Greenland, and Bilbao, Spain, which start later this year. Getting the mix right is especially important as carriers seek to grow their lucrative loyalty programs and need attractive destinations to keep customers spending.

    Bangkok, in particular, “is in even more demand now given the popularity of ‘White Lotus,’” Patrick Quayle, United’s senior vice president of network and global alliances, said of the HBO show.

    He said the carrier isn’t planning on cutting any international routes for its upcoming winter schedule.

    This post appeared first on NBC NEWS

    Keep Reading
    Business

    Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago

    Business 3 Mins Read

    Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022.

    Here are the key numbers:

    Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to StreetAccount. Tesla’s investor relations team sends a company-compiled consensus to select analysts, and said the average estimate was for around 377,590 deliveries. Prediction market company Kalshi on Tuesday released a forecast for Tesla deliveries of 352,000.

    In the first quarter of 2024, Tesla reported 386,810 deliveries, and production of 433,371 vehicles.

    Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company’s shareholder communications.

    Tesla doesn’t break out sales and production by model or region. However, the company said that it produced 345,454 of its most popular Model 3 and Model Y cars and delivered 323,800 of them in the three months ending March 31.

    The company reported 12,881 deliveries of its other models, including its angular steel Cybertruck.

    During the quarter, Tesla faced planned, partial shutdowns in some of its factories that allowed the company to upgrade manufacturing lines to start producing a redesigned version of its popular Model Y SUV.

    CEO Elon Musk recently said during an all-hands session with Tesla employees that he expects the Model Y to be the “best-selling car on Earth again this year.” 

    But Tesla has to contend with an onslaught of EV competition and reputational damage. In the first quarter, the company was hit with waves of protests, boycotts and some criminal activity that targeted Tesla vehicles and facilities in response to Musk’s political rhetoric and his work as part of President Donald Trump’s second administration.

    After spending $290 million to help return President Donald Trump to the White House, Musk is leading the Department of Government Efficiency (DOGE), where he’s slashing costs, eliminating regulations and cutting tens of thousands of federal jobs.

    Musk, the world’s wealthiest person, has also involved himself in European politics, promoting the anti-immigrant AfD party in Germany in February’s elections. Tesla’s business on the continent is struggling.

    Across 15 European countries, Tesla’s market share declined to 9.3% in the first quarter from 17.9% in the same period a year earlier, according to data tracked by EU-EVs.com. In Germany, Tesla’s market share in battery electric vehicles plummeted to 4% from about 16% over that stretch.

    Sales of Tesla’s electric vehicles made in China came in at 78,828 in March, slumping 11.5% year-on-year, according to data from the China Passenger Car Association released Wednesday. The company is facing rising competition in the region from EV makers such as BYD.

    Tesla shares sank 36% in the first quarter, their steepest drop since the fourth quarter of 2022 and third-biggest decline in the company’s 15 years on the public market. The drop wiped out $460 billion in market cap.

    This post appeared first on NBC NEWS

    Keep Reading