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House Speaker Mike Johnson, R-La., is calling off his planned trip to Jerusalem this coming weekend in light of the ongoing conflict between Israel and Iran.

‘Due to the complex situation currently unfolding in Iran and Israel, Speaker Ohana and I have made the decision to postpone the special session of the Knesset,’ Johnson said in a statement.

‘We look forward to rescheduling the address in the near future and send our prayers to the people of Israel and the Middle East.’

Johnson had planned to address the Knesset, Israel’s parliament, this coming Sunday.

It’s a sign of the worsening situation in the Middle East after Israel, which said Iran was dangerously close to a nuclear weapon, launched preemptive strikes in Tehran that hit nuclear enrichment sites and killed top military officials.

Johnson, like most Republicans, backed Israel’s moves.

‘Israel and the United States have been united, including in our shared insistence that Iran must never obtain a nuclear weapon. President Trump and his administration have worked tirelessly to ensure that outcome,’ the speaker said in a statement on Friday.

‘Unfortunately, Iran has refused to agree and even declared yesterday its intent to build a new enrichment facility. Israel decided it needed to take action to defend itself. They were clearly within their right to do so.’

Israel’s military said Monday that it has established ‘aerial superiority’ over Iran’s forces as the conflict continues into another day.

President Donald Trump posted on Truth Social Sunday that Israel and Iran ‘should make a deal, and will make a deal.’ 

‘[W]e will have PEACE, soon, between Israel and Iran! Many calls and meetings now taking place,’ Trump wrote.

This post appeared first on FOX NEWS

Worries over potential disruptions stemming from the Israel-Iran conflict are impacting the oil shipping industry. 

The costs associated with chartering tankers to transport oil from the Middle East to Asia have risen, leading to a slowdown in ship bookings, according to a Reuters report.

Tensions in the Middle East escalated last week after Israel carried out strikes in Iran. Tehran reportedly retaliated with strikes of its own. 

The TD3 benchmark rate, which governs the cost of chartering a Very Large Crude Carrier (VLCC) for crude oil shipments from the Middle East Gulf (MEG) to Japan, experienced a dramatic surge on Friday. 

Data from LSEG indicates that this global benchmark rate escalated by more than 20% following the emergence of heightened regional tensions. 

The significant increase underscores the immediate and substantial impact geopolitical instability can have on global shipping costs, particularly for critical commodities like oil. 

The rise in TD3 rates suggests that shipowners are factoring in increased risk premiums due to the current climate, potentially leading to higher freight costs for oil importers in key Asian markets such as Japan. 

According to a shipbroker, the MEG-Japan rate for crude remained stable at approximately W55 on the Worldscale industry measure on Monday.

Cautious approach

Traders, shipbrokers, and charterers adopted a wait-and-watch approach, limiting further increases in freight rates. 

The shipping industry’s cautious stance prevailed even though market participants did not anticipate the closure of the Strait of Hormuz, a crucial trade route.

“Fixing on Friday from the region all but came to a standstill. Physical marks may therefore not be indicative. Ships inside the gulf are still looking for outbound charters,” Anoop Singh, global head of shipping research at Oil Brokerage, was quoted as saying in the report.

But the situation remains dynamic, and we expect to hear more on market open today,

Freight rates are subject to escalation and potential Iranian action concerning the Strait of Hormuz, according to Emril Jamil, senior analyst for crude and fuel oil at LSEG Oil Research. 

Approximately 18 million to 19 million barrels of oil and oil products traverse the Strait of Hormuz waterway daily, connecting the Gulf to the Gulf of Oman.

“We have noted a minor increase in freight rates so far, but expect them to rise further as the week progresses,” according to Sentosa Shipbrokers.

War risk premium

Emril Jamil of LSEG added:

The war risk premium is expected to remain high in the near-term given the continued exchange of tensions between the two countries.

This will exponentially rise if other Middle East oil and gas infrastructure are attacked.

Additional attacks could drive cargo insurance premiums up by $3 to $8 per barrel.

Before the conflict, freight rates for shipping approximately 90,000 tons of clean products (gasoline, diesel, or jet fuel) from the Middle East to markets west of the Suez Canal were estimated at $3.3 million to $3.5 million, according to the Reuters report. 

New offer levels are currently unavailable.

According to the report, some brokers are already indicating market levels of $4.5 million. 

Sentosa shipbrokers noted that several shipowners are withholding vessels for Gulf routes pending clarity on the situation.

This could lead to increased opportunities for voyages from the Far East to west of Suez and from northwest India.

The post Israel-Iran conflict sends Middle East oil shipping costs higher appeared first on Invezz

LAS VEGAS. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy.

The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s slumping sales and restore the chain’s culture.

Schultz, who grew Starbucks from a small chain into a global coffee giant, made a surprise appearance at the company’s Leadership Experience in Las Vegas and cosigned Niccol’s plans. The three-day event has gathered more than 14,000 North American store leaders to hear from Starbucks management as the company embarks on a turnaround.

Niccol took the reins in September, joining the company after the board ousted Laxman Narasimhan, Schultz’s handpicked successor.

Schultz had returned in 2022 for his third stint as chief executive, but it was only an interim role. He previously told CNBC that he has no plans to come back again. Schultz no longer holds a formal role within the company, although CNBC has previously reported that he’s forever entitled to attend board meetings unless barred by the company’s directors.

During Niccol’s first week on the job, he outlined plans for the comeback in an open letter, making the commitment to get “back to Starbucks.” More details on how the chain planned to return to its roots followed in the ensuing months, from bringing back seating inside cafes to writing personalized messages on cups. Under Niccol’s leadership, the company’s marketing has shifted to focus on its coffee, rather than discounts and promotions.

When Starbucks announced Narasimhan’s firing and Niccol’s hiring, Schultz issued a statement of support, saying that the then-Chipotle CEO was the leader that the company needs. However, the Leadership Experience marks the first time that Niccol and Schultz have appeared publicly together.

During Narasimhan’s short tenure as CEO, Schultz did not mince words when the company’s performance fell short of his expectations. After a dismal quarterly earnings report, he weighed in publicly on LinkedIn, saying the company needs to improve its mobile order and pay experience and overhaul how it creates new drinks to focus on premium items that set it apart.

But Schultz said Starbucks’ problems went further than just operational issues and lackluster beverages and food.

“The culture was not understood. The culture wasn’t valued. The culture wasn’t being upheld,” he said on Wednesday.

This post appeared first on NBC NEWS

Israeli parliament member Ohad Tal told Fox News Digital that striking a deal with Iran should not be the goal without first toppling its ‘evil, jihadist regime,’ as President Donald Trump on Sunday called on both sides to come to the negotiating table. 

Tal, who sits on the Knesset foreign affairs and defense committees, spoke to Fox News Digital from outside of Jerusalem on Sunday as Israel and Iran traded strikes for a third day.  

‘We are now engaging in a war with Iran, a war which I believe is historic, because we are now, finally, hopefully, we will liberate, not just ourselves, not just the Iranian people, but the entire world from the threat of the evil Iranian regime,’ he said. 

Earlier Sunday, Trump said on TRUTH Social that ‘Iran and Israel should make a deal, and will make a deal,’ noting how his administration has successfully negotiated other conflict resolutions, including between India and Pakistan, ‘by using TRADE with the United States to bring reason, cohesion, and sanity into the talks with two excellent leaders who were able to quickly make a decision and STOP!’ 

Tal, however, made the distinction that the goal of the Ayatollah and the Muslim Brotherhood is the ‘destruction of Israel’ and the ‘destruction of America.’   

‘I think that our goal should be taking down the Iranian regime, because if you really want to put an end to the ambitions of Iran to acquire a nuclear weapon, the only way to do that is by taking down this regime,’ Tal said. ‘This regime has only one purpose, not to destroy Israel … they want to take down America.’ 

He said more deals would only allow Iran to re-arm and re-develop their nuclear program. 

‘I think just the idea of negotiating deals with a jihadist terror supporter regime is outrageous,’ he continued. ‘I mean, the only goal we should have, we should all have, is taking down this evil regime. Again, if we really want to build a better future of stability and prosperity for everybody in the region, in the world, that should be the goal.’ 

Trump has vetoed a plan floated by Israel to the U.S. to kill Iran’s Supreme Leader Ayatollah Ali Khamenei, a U.S. official told Fox News, amid concerns doing so would further destabilize the region. 

Tal told Fox News Digital that the West must face the reality that ‘we must take down this evil, jihadistic regime’ not just to save the region, but the ‘entire world from this threat.’ 

Since last Thursday, when the Israel Defense Forces launched a large-scale preemptive strike against Iran, targeting nuclear facilities, key infrastructure and leadership, Tal said he’s received calls from Muslim and Arab leaders across the Middle East who told him, ‘You’re not just saving yourself, you’re saving us as well.’ 

‘That is the reality. Iran and the Ayatollahs are not just a threat to Israel, they are a threat to the entire world, and therefore I believe that by the fact that Israel is not looking the other way,’ Tal said. ‘We’re not burying our head in the sand. We are standing in front of this threat, and we are fighting back. I think we are doing a big favor to the world.’ 

Tal said Iran has suffered ‘an unbelievable amount of damage’ and the IDF ‘basically has total control over the Iranian airspace.’ Israeli forces, he argued, are targeting military bases, nuclear facilities and officials, while Iran is targeting civilian populations. Some Iranian missiles have made it past Israel’s aerial defense systems. 

‘That’s a culture that glorifies death, doesn’t care about civilian casualties, and we’re a culture that sanctifies life,’ he said. 

Tal said he has received support from U.S. officials, including members of Congress. 

He believes that Israel’s actions are in line with Trump’s ‘America First’ policy, in that the ongoing operation will prevent the United States from being pulled into a broader conflict. 

‘We’re getting the support from the Trump administration 100 percent,’ Tal said. ‘Trump is supporting America First Policy. We are also supporting America First Policy because fighting this evil regime will help to prevent much, much bigger war.’

‘If the Iranians would have managed to get their desire and acquire a weapon, that would not have just been a threat to America,’ he continued. ‘We’re not asking [for] American boots on the ground, we’re not asking America to fight for us. We’re just asking them to support us in taking away the threat coming from Iran.’ 

Fox News’ Peter Doocy contributed to this report.

This post appeared first on FOX NEWS

Groupon stock price has staged a strong comeback since 2023 as the e-commerce company’s turnaround efforts started to show results. It has soared in the last six consecutive weeks, moving to a high of $33.90, its highest point since August 2021. 

GRPN stock has jumped by over 967% from its lowest level in 2023, bringing its market capitalization to over $1.46 billion. This article explores why the GRPN share price has jumped and whether it has more room left. 

Why Groupon stock price has surged

Groupon is an e-commerce company that focuses on local deals. Launched in 2008, it became a well-known brand, and it rejected a $6 billion offer from Google, which it believed undervalued its business.

Google believed that Groupon would evolve into a large e-commerce player like Amazon and eBay. This, however, did not happen, as Groupon’s business and market capitalization deteriorated.

Groupon’s annual revenue has been in a free fall as customers shifted to other companies like Walmart and Amazon that offer exciting subscription services. It has moved from $1.416 billion in 2020 to $492 million last year. 

The decline was also because the company reduced its sales and marketing budget in the past few years. 

Recently, however, the Groupon stock price has rebounded as the company has continued its turnaround efforts under Dusan Senkypl, who became the Chief Executive Officer three years ago. 

Senkypl has focused on changing managing the company’s costs, including through layoffs. It laid off 500 employees in 2023 in a bid to lower costs and reduce its losses 

He has also shifted how the company spends its marketing budget. For example, the company recently increased content on a social media platform and is seeing a high return on investment. Specifically, the company is moving from customer acquisition to customer lifeline value. 

Further, the company streamlined its business by moving most of its operations to the cloud. This, in turn, led to higher operational efficiency and scalability. He has also increased the focus to hyperlocal transactions.

Long road to recovery

Groupon has a long road to recovery as its sales are still falling. The most recent results showed that its revenue dropped by 5% to $117.2 million in the first quarter, with its local revenue falling by 3% to $108.4 million. 

Groupon’s gross billings dropped by 1%, while its unit sales dropped by 17% to 8.5 million. 

The stock rose mainly because the company’s active customers grew a bit, reaching 15.5 million. It also rose as analysts predicted that the company would resume its growth in the next few years.

The annual revenue is expected to come in at $500 million this year, a 1.45% increase from a year earlier. Analysts also anticipate the revenue to rise by 7.3% next year to $536 million. 

They also expect that its business will become profitable, with the earnings per share (EPS) coming in at 25 $0.04 and $0.22 in 2025 and 2026.

Groupon share price analysis

GRPN stock chart | Source: TradingView

The weekly chart shows that the GRPN share price has bounced back in the past few years. It rose from a low of $3.17 in 2023 to the current $33.89, as we predicted here.

Groupon stock has flipped the important resistance at $19.32 into a support level. It also formed a golden cross pattern as the 50-week and 200-week moving averages crossed each other. 

However, there are signs that the GRPN stock price has become highly overbought as the Relative Strength Index (RSI) has moved to 80. Therefore, the Groupon stock price will likely pull back and retest the support at $20.

The post Groupon stock price has become overbought: is it a buy? appeared first on Invezz

Investor Insight

A Canadian exploration company poised for discovery, Bold Ventures is focused on the exploration and development of high-potential precious and battery minerals projects in tier 1 jurisdictions in Canada.

Overview

Bold Ventures (TSXV:BOL) is a Canadian mineral exploration company focusing on battery, critical and precious metals located in Northern Ontario and Quebec. The company’s asset portfolio demonstrates its focus on these commodities to create consistent value with gold and meet the growing demand for battery and critical metals.

Bold Ventures’ key projects are located within three active regions throughout Ontario: Thunder Bay West, Wawa West and the Ring of Fire camp located in the James Bay Lowlands. The Thunder Bay properties host gold and copper mineralization, while the Wawa and Ring of Fire properties have copper, gold, and chromium mineralization with additional potential for zinc, nickel, silver and PGE mineralization. The newly added Springpole East gold and Joutel gold and base metal projects expand Bold’s footprint into additional high-potential areas.

The Burchell gold and copper project, west of Thunder Bay, is Bold’s flagship property with a newly discovered high-grade gold occurrence as well as historical drill intersections of highly anomalous gold and copper. The project is ideally positioned next to Goldshore Resources Inc.’s Moss Gold Project hosting the Moss Gold Deposit of nearly 6 million ounces of gold in the indicated and inferred resource categories.

The 100 percent owned Traxxin gold project, west of Thunder Bay, has shown numerous high-grade gold intersections in drilling. The project is a joint venture between Bold Ventures, as the operator, and Lac des Mille Lacs First Nation, where the joint venture can earn up to 100 percent of the property.

An experienced team of explorers leads the company toward fully realizing the potential of its portfolio. The company’s leadership team has participated in three significant world-class discoveries, including:

  • Eagle River Mine: Discovered in 1987 by Central Crude/Noranda and has produced over 1 million ounces (Moz) of gold.
  • Windfall Lake: Discovered by Noront circa 2006, currently owned by Osisko (purchased by Goldfields for $2.16B), it contains 4.1 Moz @ 11.4 grams per ton (g/t) gold indicated and 3.3 Moz gold @ 8.4 g/t gold inferred for a total of 7.4 Moz gold in all categories.
  • Ring of Fire Deposits: Discovered in 2007 and contain multiple significant deposits including Eagle’s Nest, Eagle Two and Blue Jay (AT-12) Nickel-Copper Massive Sulphide Deposits, Blackbird Chromite Deposit and Thunderbird Vanadium Occurrence.

This wealth of experience allows Bold Ventures to strategically acquire undervalued assets and apply sophisticated exploration techniques to identify significant mineral deposits.

Company Highlights

  • Bold Ventures is a Canadian mineral exploration company focused on exploring and developing its precious and critical mineral projects in Northern Ontario.
  • The company owns and operates several projects throughout three key regions of Ontario: Thunder Bay West, Wawa West and the James Bay Lowlands-Ring of Fire.
  • The company has been advancing its copper and gold projects to the drill stage.
  • The Burchell gold and copper project is located 100 km west of Thunder Bay and enjoys major road access, rail, power, and an experienced mineral exploration workforce and mining supply located within hours of the property. The project hosts the newly discovered (Nov 2024) 111 Gold Zone as well as historical gold anomalies on surface and drill core along strike from the Moss Deposit to the west, owned by Goldshore Resources Inc.
  • The Traxxin gold project is located 130 km west of Thunder Bay and is similarly accessible. It boasts the Company’s best gold intersection in drill core which is hosted in a similar geological setting to Agnico Eagle’s Hammond Reef Gold Deposit in the district.
  • The Koper Lake project is located within 300 meters of Ring of Fire Metals’ (formerly Wyloo/Noront) flagship Eagle’s Nest Nickel-Copper deposit. It hosts a large chromite resource and attractive nickel potential.
  • Bold Ventures continues to expand its portfolio with two promising new acquisitions – the Springpole East gold project in Ontario and Joutel gold and base metals projects in Quebec – both strategically positioned in established mining districts.
  • Bold Ventures’ management team has decades of experience within the mining sector. The management and technical teams have participated in three world-class discoveries and have the right experience to guide the company toward its goals.

Key Projects

Burchell Gold and Battery Metals Project

The Burchell claim group covers 4,607 hectares (11,384 acres) comprising 242 claims and is located 100 kilometers west of the port city of Thunder Bay in Northwestern Ontario. The project is road-accessible south of the Trans-Canada Highway 11.

Project Highlights:

  • Located in the Western Shebandowan Greenstone Belt: The Burchell project is located on this high-potential, active mineral belt and contains copper, gold, silver, nickel, zinc, molybdenum and other minerals.
  • Contiguous with Significant Gold Property: The Burchell property is contiguous with Goldshore Resources’ Moss gold project. The Moss Lake gold deposit lies within a major 25 km NE-trending structural corridor which also hosts the past-producing North Coldstream Mine and the East Coldstream gold deposit. Approximately 1.8 km of this mineralized trend lies in the NW corner of the Burchell property, hosting historical gold occurrences.
  • New Discovery (November 2024): A new zone called ‘111 Zone’ was discovered in the center of the property, situated within a prominent magnetic low. Samples ranged from 10 ppb gold to 68 g/t gold in sheared, silicified, sericitized volcanic rocks. Historical trenches along strike to SW of 111 Zone in SW corner of property yielded rock samples up to 42 g/t gold. Historical Newmont drilling in the NW corner of the property returned 0.9 g/t gold over 6.4 m.
  • Recent MMI Samples (November 2024): Soil samples in the NW corner of the property, along strike from the Moss Trend, returned high response ratios for gold (up to 40), copper (up to 61), molybdenum (up to 369), zinc (up to 93), and uranium (up to 52). Several samples in the northern half of the survey showed coincident gold, copper, molybdenum response ratios >10.
  • Hermia Lake Copper-Gold Prospect: This prospect extends for 2.8 km along a northeast trend. Historical diamond drilling includes intercepts of 0.8 percent copper over 4.3 m (Great Lake Copper Mines in 1956), 0.25 percent copper over 51.9 m (Gulf Minerals in 1981), and 1.4 g/t gold over 7.2 m (Mengold in 2008).

Traxxin Gold Project

The 100 percent owned Traxxin gold project is 130 km west of Thunder Bay and has 209 claims covering 3,885 hectares (9,600 acres). The project has excellent existing infrastructure and is road-accessible, located between two major highways, cutting down on future development costs.

Project Highlights:

  • Close Proximity to Significant Gold Deposit: The project is 40 km east of Agnico Eagle’s Hammond Reef deposit, which contains 5.6 Moz of gold at 0.71 g/t, including reserves, measured and indicated.
  • Promising New and Historical Exploration Results: Bold Ventures’ 2021 drill hole campaign results indicated 3.57 g/t gold over 12.29 meters, including 6.13 g/t gold over 4.88 m. Additional historical results include:
    • Grab samples 1281, 152, 116, 21.1 and 3.73 g/t gold
    • Five historical drill holes with greater than 5 g/t gold over various intervals
    • One historical drill hole greater than 37 g/t gold over 1 meter
  • Exploration Campaigns: Trenching at the Main Zone and Tear Drop Lake in 2021 returned channel samples up to 9.08 g/t gold. In 2024, shoreline prospecting on Bedivere Lake yielded gold values up to 345 (parts per billion (ppb)) gold on an island northeast of Traxxin Main Zone.
  • The gold bearing shear zone remains open in all directions with potential for extending the Main Zone to the north via geophysics and exploring the southern extension.

Farwell Gold-Copper Project

The Farwell project covers 6,440 hectares (15,914 acres) comprising 133 claims. The property is located in the Lake Superior east region of Northeastern Ontario, approximately 55 km northwest of Wawa, and in a proven gold camp.

Project Highlights:

  • Promising Geological Formations: The claim group hosts gold-bearing quartz veins located within an iron formation that stretches along the western extensions of a major deformation zone. Additionally, there is base metal volcanogenic massive sulphide (VMS) style mineralization of copper, zinc, lead and silver. The property also features deformed ‘Timiskaming’ style conglomerates along the gold mineralizing trend (similar to Kirkland Lake, Geraldton).
  • Exploration Highlights and Future Drill Targets: A versatile time domain electromagnetic (VTEM) survey has identified multiple anomalous areas for future drilling. Additional results and interpretation were incorporated into the existing database for future exploration and, ultimately, for drill testing. The company completed geophysical modelling of six high priority electromagnetic conductors identified by a helicopter-borne, VTEM and magnetic survey.
  • Road-accessible: The claim group is accessible via the Eagle River gold mines haulage road and is located approximately 6 km from the Eagle River Mill complex that also connects to major highways suitable for future material transportation.

Wilcorp Gold Project

The Wilcorp gold project covers 264 hectares (652 acres) and consists of four patented claims, 15 single cell and three boundary cell mining claims. The asset is 17 kilometers south of Agnico Eagle’s Hammond Reef Deposit and 32 kilometers west of Traxxin, within the Thunder Bay Mining Division. New drill targets have been identified for follow-up exploration.

Project Highlights:

  • Historical Results: The ‘Eagle Prospect’ area has significant historical gold discoveries. Maps from 1946 indicate values up to 11.1 g/t gold over 4.1 m including 30.8 g/t gold over 0.8 m in core (unsubstantiated in the modern era). Recent values include up to 16.3 g/t gold in an area where 1990s drilling returned 1.8 g/t gold over 7.6 m.
  • Sampling Results: In 2012, 62 grab samples ranged from <5 ppb gold up to 14,403 ppb gold (14.4 g/t gold), and in 2024, 39 grab samples ranged from <5 ppb gold up to 16,300 ppb gold (16.3 g/t gold).
  • Induced Polarization (IP) Surveys: A 2012 IP survey identified several trends that are targets for exploration.
  • Geological Setting: The property is proximal to the Quetico Fault, a major east-west fault zone. Gold mineralization is hosted in shear zones in volcanic and dioritic rocks which are subparallel to the Quetico Fault.

Significant Historical Work: The property has pre-existing historical work, including stripping, trenching and diamond drilling which identified significant gold zones.

Koper Lake Project (Ring of Fire)

Project Highlights:

  • Multiple Commodity Streams: The Koper Lake project has significant potential for critical minerals. The property has the potential to develop battery metals, chromite and precious metals for multiple revenue streams.
  • Within the Koper Lake project, the Black Horse Chromite Deposit contains an NI 43-101 inferred resource of 85.9 MT at a grade of 34.5 percent chromium (III) oxide (Cr2O3) using a cutoff grade of 20 percent Cr2O3.
    • Black Horse Chromite Ownership Interests:
      • Bold 10 percent carried interest (through to production), KWG 90 percent working interest
  • All Other Metals (Green and Battery Metals including Nickel, Copper, PGEs; Precious Metals including Gold and Silver) Ownership Interests:
    • Bold 40 percent working interest, KWG 60 percent working interest
    • Bold has option to earn up to 80 percent working interest leaving KWG with a 20 percent working interest

The asset comprises 1,024 hectares and is located less than 300 meters from Ring of Fire Metals’ (formerly Noront Resources) Eagle’s Nest Nickel-copper massive sulphide deposit, which is in the permit stage.

Ring of Fire Claims

The Ring of Fire asset is a future key project that will be given further attention as the Ring of Fire regional infrastructure and First Nation agreements are developed.

Project Highlights:

  • The Ring of Fire Claims project is a grassroots exploration project that has significant potential targeting the battery metals nickel, copper and platinum group elements.
  • Bold carried out a VTEM airborne survey in 2013 that located numerous geophysical anomalies that are prospective for battery metals.
  • Further exploration is pending the development of access, infrastructure and First Nation agreements.

In June 2024, Bold Ventures signed an agreement to option a 100 percent interest in two claim groups out of the 14 claim groups within the Ring of Fire region to an arm’s-length party. The two claim groups total 1,050 hectares and comprise approximately 90 claim units. The option agreement includes aggregate cash payments totaling C$135,000 and aggregate exploration expenditures of C$250,000 over a four-year period. The deal also includes a 3 percent net smelter royalty for Bold, after the optionee earns a 100 percent interest by fulfilling the terms of the agreement.

Springpole East Gold Project

The Springpole East gold project is one of Bold Ventures’ newest project acquisitions strategically positioned in an established mining district. This property covers 4,180 hectares across 208 single cell claims in northwestern Ontario, located just 120 km east-northeast of Red Lake and merely 9 km east of First Mining Gold’s substantial Springpole gold deposit (containing 4.6 Moz of gold at 0.94 g/t in the indicated category and an additional 0.3 Moz at 0.54 g/t in the inferred category). The project shares a boundary with First Mining’s land package, positioning it within a proven gold-bearing geological trend.

Despite its promising location, Springpole East has seen relatively limited systematic exploration. The most recent work in 2022 by GoldON Resources included high-resolution airborne magnetic surveys and prospecting that yielded encouraging results, including the discovery of altered granitic boulders with gold values ranging from 191 to 1,270 ppb. Of particular interest is the nearby Canamer or Birch Lake East Occurrence just 1.3 km west of the property boundary, where First Mining reported impressive grab samples yielding 15.3 g/t gold in 2022. This showing occurs in banded iron formation – a rock type that has been mapped in the northwest portion of Springpole East and corresponds with prominent magnetic anomalies identified during previous surveys.

Joutel Gold and Base Metal Project

Complementing its Ontario-based acquisition, Bold has also added the Joutel gold and base metal project in Quebec to its exploration portfolio. Located 140 km northwest of Val d’Or with favorable logging road access, this property comprises 41 claims across two claim groups covering 2,269 hectares. Bold is already familiar with the area, having conducted airborne VTEM and magnetic surveys in 2012, identifying several anomalies that remain underexplored.

The Joutel project sits in a historically productive mining region, just 6.5 km south-southeast of the former mining town of Joutel in Poirier Township. Its strategic location places it within 12 km of the past-producing Joutel gold mine and less than 10 km from previous base metal operations. A particular point of interest is its proximity (6 km) to the Explo-Zinc deposit, which hosts a 2006 mineral resource estimate of 588,000 tons grading 7.63 percent zinc and 0.35 percent copper in the indicated category, plus 273,000 tons at 6.64 percent zinc and 0.21 percent copper in the inferred category.

Historical drilling of VTEM anomalies in the area has produced encouraging results, including intersections of 0.83 percent nickel over 3.7 meters (including a higher-grade section of 1.27 percent nickel over 2.3 meters) and 0.51 g/t gold over 3.05 meters. These results highlight the property’s polymetallic potential, with Bold targeting nickel, gold, silver, copper and zinc mineralization.

Management Team

David Graham – Chief Executive Officer and Director

David Graham has been active in the mineral exploration industry for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Corporation, an industrial minerals and materials company with four production facilities in Canada and the United States.

Between 2006 and 2010 he was a director and vice-president of Noront Resources. During this time the company made major discoveries at Windfall Lake in Urban Twp., Quebec and the Ring of Fire in the James Bay Lowlands of Ontario. From 2010 until 2017 he was executive vice-president of Bold Ventures Inc. at which time, he was appointed president and CEO.

Mr. Graham has worked extensively in Canada as well as in the United States, Scandinavia and Africa. His experience has frequently included working with First Nations and regulatory agencies on projects that ranged from a grassroots stage to advanced development. He is a member of the discovery team for Eagle River, Windfall, and the ‘Ring of Fire’ Noront deposits.

Bruce MacLachlan – President and Chief Operating Officer

With over 40 years of experience in the exploration industry, Bruce MacLachlan is a proven exploration manager and has been a key member of a number of mineral discovery teams, including Eagle River. He has managed a wide range of exploration projects from grassroots through to the post-discovery stage. MacLachlan has been responsible for project presentation, marketing and coordination within the investment space. He has worked with multiple exploration companies, including Noranda Exploration, Battle Mountain Gold and CanAlaska Uranium. He was the exploration manager at Noranda Exploration, Battle Mountain Gold, and CanAlaska Uranium. He is a co-founder and president of Emerald Geological Services (EGS), a consulting company created in 2001.

Coleman Robertson – Vice-president of Exploration

Coleman Robertson is a professional geologist who has worked exploring for gold, base metals and rare earth elements. His experience includes a wide range of exploration activities from grassroots to discovery stage projects. Employed by EGS since 2017, Robertson is vice-president of exploration for EGS and has experience with multiple projects in multiple jurisdictions, including Bold’s gold and copper projects in Northwestern Ontario.

Robert Suttie – Chief Financial Officer

Robert Suttie currently serves as CFO with over 40 years’ experience as a consultant raising capital for emerging companies. He has been a director/executive at several private/public corporations.

William Johnstone – Corporate Secretary and Legal Counsel

William Johnstone is the company’s corporate counsel and corporate secretary. Johnstone has been a partner at Gardiner Roberts LLP since February 2005, practicing in the areas of corporate and securities law for over 40 years.

Ian Bodie-Brown – Director

Ian Bodie-Brown is an industry consultant with over 35 years’ experience. He is chairman of Rio Silver (on the TSX Venture Exchange) and a professional geologist.

Steve Brunelle – Director

Steve Brunelle is a professional geologist with over 35 years’ experience and is the chairman of Rio Silver (on the TSX Venture Exchange).

This post appeared first on investingnews.com

Just hours following Israel’s strikes on Iran’s nuclear and military facilities, Israeli Prime Minister Benjamin Netanyahu made a direct appeal to the Iranian people and said: ‘This is your opportunity to stand up [to the regime].’

The regime’s standing not only with the international community, amid its vast support of state-sponsored terrorism, which has impacted neighboring nations from Syria and Yemen to Bahrain and Saudi Arabia, coupled with years of internal unrest, could mean regime change is on the horizon.

‘We are in the midst of one of the greatest military operations in history,’ Netanyahu said Friday. ‘The Islamic regime, which has oppressed you for almost 50 years, threatens to destroy our country.’

The Israeli leader said Jerusalem’s goal in hitting Iran’s top military targets is to thwart the nuclear and missile threats that Iran poses towards the Jewish nation, which he argued weakens the regime and poses a unique opportunity for dissidents within. 

Minority groups make up some 50% of the Iranian population, and some Iranian specialists have argued that if the minority groups, which are frequent targets of oppression in Iran, were to unite against the regime, they could play a critical role in toppling the regime.

Iran has faced increasing opposition since the death of Mahsa Amini, a Kurdish woman, who in September 2022 was arrested by Iran’s morality police and later died in a hospital due to her injuries.

Amini’s death sparked mass protests across the country, which Iran brutally clapped back at and continues to execute those arrested during the demonstrations. 

Fox News Digital was told by Yigal Carmon, President of the Middle East Media Research Institute (MEMRI), that members of the Ahwazis, a minority group in south-western Iran, which make up 6-8% of the population, have already been arrested by the regime amid its fears another internal rebellion could brew alongside war with Israel.

It is unclear if any demonstrations have yet begun or if their arrests were pre-emptively carried out. 

‘A regime change will be supported by many,’ Carmon said. ‘The fact is that only the minorities can bring a regime change because they are militarily organized.’

‘A coalition of non-Persian ethnic groups could topple the regime in a few months,’ he said. ‘Unlike the Persian anti-regime population, the non-Persian anti-regime population is militarily organized.’

Other minority groups, like the Kurds, who make up 10%-15% of Iran’s population and who live primarily in the northwestern border areas near Iraq and Turkey, as well as the Baloch people, who encompass another 5% of the population and live along Iran’s southeast border with Pakistan, also have a long history of opposing the regime, though they have also suffered brutal consequences. 

‘It has never been weaker. This is your opportunity to stand up and let your voices be heard. Woman, Life, Freedom Zan, Zendegi, Azadi,’ Netanyahu said.  ‘As I said yesterday and many times before, Israel’s fight is not against the Iranian people. 

‘Our fight is against the murderous Islamic regime that oppresses and impoverishes you,’ he added. 

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US markets closed in the red on Friday, also ending the week down, as it snapped a 2-week winning streak.

Israel is launching airstrikes on Iran, which has pushed the energy prices up, dragging the market down.

The S&P 500 index fell 1.13% to 5,976.97. The Nasdaq dropped 1.30% to 19,406.83. The Dow Jones plunged 1.79% to 42,197.79.

All but one of the 11 S&P 500 sectoral indices ended up in the red. Only the S&P 500 energy index was up in the session, gaining 1.42%.

S&P 500’s decline took off the gains it had seen in the week, and the index is down 0.43% for the week.

Energy and defence stocks were among the top gainers in the session.

Oracle Corporation, Occidental Petroleum, and Lockheed Martin were among the top gainers in the market. Oracle surged more than 7%.

Tesla, Exxon Mobil Corp also gained in the session with up moves between 1% to 2%.

Adobe Systems was among the top losers with a 5% decline as its sales outlook failed to satisfy investor concerns about AI.

Visa, Master Card, and Alibaba Group were also among the top losers with declines ranging between 3% and 4%.

Airline stocks, United Airlines and American Airlines Holding, fell 4% in the session as higher fuel costs and dampening travel demand dragged the stocks down.

Oil and energy stocks were up in the session due to higher energy prices. Oil prices surged by nearly 7% in the session.

Defense and shipping stocks also gained due to the anticipation of higher defense spending.

Visa and Master Card fell after a report came that retail companies like Amazon and Walmart are considering issuing their own stablecoins.

Israel-Iran conflict intensifies

Israel’s military strikes killed several high-ranking Iranian military officials, including the Chief of Staff of the Armed Forces, the Commander of the Islamic Revolutionary Guard Corps (IRGC), and the head of Iran’s Emergency Command.

Iran first responded by launching over 100 drones towards Israel. Later on Friday, Iran launched more ballistic missiles towards Israel.

Reuters reported that explosions were heard over Israel’s capital, Jerusalem, and Tel Aviv.

Israeli military says most of the missiles were intercepted.

An Iranian official said Tehran will target Israel’s economic and energy infrastructure if Iran’s structures are attacked.

The Israeli offensive, reportedly targeting nuclear enrichment sites, marks the largest attack on Iran since the Iran-Iraq War in the 1980s and comes just days ahead of a planned sixth round of nuclear talks between the US and Iran.

US President Donald Trump said it was not too late for Iran to stop the bombing campaign by reaching a nuclear deal.

US Energy Secretary Chris Wright said his team is monitoring the energy situation in the Middle East and any potential impacts to global energy supply.

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Here’s a quick recap of some of the most impactful resource sector news items for the week.

The period saw the Trump administration move to reverse a Biden-era ban on copper and nickel mining near Minnesota’s Boundary Waters, while Dundee Precious Metals (TSX:DPM,OTC Pink:DPMLF) penned a deal for assets in Bosnia and Herzegovina and Serbia, and China exerted control over rare earth mines in Myanmar.

Trump admin moves to roll back mining moratorium near Boundary Waters

The Trump administration is starting the process of reversing the Biden-era 20 year moratorium on copper-nickel mining in a 350-square-mile area upstream of Minnesota’s Boundary Waters Canoe Area Wilderness.

The decision could allow the restart of development at the proposed Twin Metals underground mine, owned by Chile’s Antofagasta (LSE:ANTO,OTC Pink:ANFGF). The Biden administration had cancelled the leases for the project, located in the region affected by the moratorium, as part of the 2022 decision.

Agriculture Secretary Brooke Rollins and Interior Secretary Doug Burgum argue that the original mineral withdrawal was unnecessary and pledged to boost domestic critical mineral supply.

Rollins shared the news on her social media account.

The news was quickly denounced by the Save the Boundary Waters advocacy group and Tina Smith, US Senator for Minnesota.

“The announcement by Secretaries Burgum and Rollins is shocking,” said Ingrid Lyons, the group’s executive director. “They claim to have consulted with the people of Minnesota about the Boundary Waters when they clearly have not. We deserve so much better than this, as Minnesotans and as Americans.”

Senator Smith took to social media to highlight her dismay and condemn what she described as ‘pseudoscience (used) to justify bad actions.’

The Trump admin decision aligns with a broader push to accelerate mining approvals and reduce red tape, aiming to enhance US supply chain security for critical minerals.

Dundee Precious Metals to acquire Adriatic in US$1.3 billion deal

Canada’s Dundee Precious Metals has agreed to acquire UK-based Adriatic Metals (LSE:ADT1,OTCQX:ADMLF) in an approximately US$1.3 billion cash-and-stock transaction.

The deal secures Dundee full control of Adriatic’s high-grade Vareš underground silver-lead-zinc-gold mine in Bosnia and Herzegovina, plus its Raška zinc-silver project in Serbia.

Vareš offers an estimated 15 year mine life with annual payable output around 168,000 ounces gold equivalent and low all-in sustaining costs of US$893 per ounce.

“Vareš is a logical fit with our portfolio, as it significantly increases DPM’s mine life while adding near-term production growth, a highly prospective land package, and cash flow diversification,” said David Rae, president and CEO of Dundee Precious Metals.

Upon closing, Dundee shareholders will own 75.3 percent of the combined entity, with Adriatic shareholders holding 24.7 percent. The transaction is expected to close by year-end, pending shareholder, regulatory and Bosnian competition approvals.

China tightens grip on Myanmar’s rare earths

The United Wa State Army (UWSA), a China-supported militia, has taken control of newly established rare-earth mining operations in Myanmar’s Shan State, according to a Reuters report. Satellite imagery confirms the construction of leaching pools and chemical extraction facilities, with Chinese-speaking managers overseeing operations and trucks ferrying ore across the border.

As noted in the report, China currently relies heavily on Myanmar for heavy rare-earth elements like terbium and dysprosium, critical materials for high-tech industries including EVs, wind turbines and electronics. The country supplied nearly half of China’s imports during the first four months of 2025.

Rare earth exports to China have surged since Myanmar’s military junta took power in 2021. Between 2021 and 2024, Myanmar exported US$3.6 billion worth of rare earth metals to its neighbor, a dramatic increase compared to just US$400 million in the prior four year period.

The majority of these imports previously came from mineral belts in Kachin State, but this supply was disrupted in October 2024 when the Kachin Independence Army seized control of the region from the junta.

Analysts suggest this move to protect operations in Shan State helps Beijing reinforce its global dominance in rare earth supply chains by tapping into more stable regions under Chinese-aligned militia protection.

China has further tightened its grip on the global rare earth industry over the past year, reinforcing control across multiple fronts. Domestically, Beijing implemented new regulations in late 2024 to centralize mine quotas, smelting, separation and export licensing, reinforcing state dominance across the entire rare earth supply chain.

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

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