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September 23, 2024

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Commodities giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) announced on Wednesday (September 18) that it will partner with the Meewasin Valley Authority on efforts to conserve the Meewasin Valley.

Located in Saskatchewan, Canada, the Meewasin Valley is one of the country’s most important natural landscapes.

BHP said it will contribute a total of C$250,000 to the conservation efforts, adding that the funds will allow the Meewasin Valley Authority to plant an additional 5,000 native trees, shrubs and grasses per year.

The money will also assist in the restoration of 5 million square metres of land, which aligns with the group’s aim of protecting and restoring the valley through conservation grazing, prescribed burns and removal of invasive species.

The Meewasin Valley is home to scenic trails, parks and wildlife habitats along the South Saskatchewan River. The province also houses BHP’s Jansen project, which is a development-stage potash asset.

“BHP’s contribution allows us to expand our restoration efforts and do more to protect this incredible natural resource. We’re thrilled to be able to strengthen our programs and engage the community in ensuring the valley’s health for generations to come,” said Andrea Lafond, CEO of the Meewasin Valley Authority, in this week’s release.

According to BHP, the contribution aligns with its “Healthy Environment” pillar, which is one of the six core areas that informs the major mining company’s social investment strategy.

“Our shared goal is to ensure that the valley remains a vibrant and healthy ecosystem that future generations can enjoy,” said Simon Thomas, BHP’s vice president of projects, potash.

The funding will assist with the Meewasin Valley Authority’s volunteer programs too. These bring thousands of people into the valley and educate them on sustainability practices while immersing them in hands-on conservation activities.

The Meewasin Valley Authority is a non-profit organisation that has dedicated its efforts to the development of the Meewasin Valley. Its programs include providing leadership in the management and allocation of the valley’s resources.

Valley planning is led by Raymond Moriyama’s 100 year plan, which touches on educational and research opportunities, cultural arts advancement, nature conservation, recreational improvements and development of rural-urban relations.

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

The S&P/TSX Venture Composite Index (INDEXTSI:JX) gained 35.21 points this week to close at 580.43. Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 787.22 points to finish the week at 23,568.65.

Statistics Canada released August’s consumer price index (CPI) on Tuesday (September 17). The report indicated that inflation had increased 2 percent on an annualized basis, down from the 2.5 percent annual increase seen in July. August’s annual CPI marked the smallest increase since February 2021, when inflation was at 1.1 percent.

Month-on-month, CPI was down 0.2 percent in August after increasing 0.4 percent the prior month.

The slower pace was attributed to a decline in gasoline prices, which fell 5.1 percent on a yearly basis and 2.6 percent on a monthly basis. While mortgage interest costs are a large contributor to the CPI’s gains, August’s data showed they are slowing as well, with an 18.1 percent year-over-year gain compared to its 30.9 percent peak in August 2023.

South of the border, the US Federal Reserve announced a 50 point rate cut on Wednesday (September 18) as it shifts its focus away from inflation toward the labor side of the Fed’s dual mandate.

In his remarks following the decision, Fed Chair Jerome Powell said the US economy has come into balance, and that the cut puts the central bank in a good position to respond to changes to inflation or the labor market.

Powell added that he is encouraged by inflation easing toward the 2 percent target, but stressed that more data will be needed to demonstrate inflation is moving sustainably within the target range.

Following the announcement, US indexes spiked, but were highly volatile, and ultimately ended Wednesday largely flat. However, markets opened on Thursday significantly higher and experienced more stability throughout the day.

Between the close of trading on Wednesday and Thursday, the S&P 500 (INDEXSP:INX) gained 1.72 percent to 5,713.65, the Nasdaq 100 (INDEXNASDAQ:NDX) jumped 2.55 percent to 19,838.94 and the Dow Jones Industrial Average (INDEXDJX:.DJI) increased 1.24 percent to 42,024.7.

Gold and silver saw large gains shortly after the Fed meeting, but also saw high volatility — their gains were erased by the end of Wednesday. Like equity markets, the metals saw more stability and gains on Thursday, with gold gaining 1.16 percent to reach US$2,588.44 per ounce, and silver surging 2.48 percent to hit US$30.80 per ounce as of 4:00 p.m. EDT.

More broadly, the S&P GSCI (INDEXSP:SPGSCI) gained 1.03 percent on Thursday to close at US$534.

The metals soared even higher on Friday (September 20) as gold set a new intraday high of US$2,625.46 and a closing high of US$2,622.12. Silver moved as high as US$31.39 before closing at US$31.20.

How has this week’s news impacted Canadian resource stocks? Here are the top five gainers on the TSX and TSX Venture Exchange as of the end of trading on Thursday.

1. Big Ridge Gold (TSXV:BRAU)

Press ReleasesCompany Profile

Weekly gain: 72.73 percent; market cap: C$15.88 million; share price: C$0.10

Big Ridge Gold is an exploration company that has spent much of 2024 working to advance its flagship Hope Brook gold project in Newfoundland and Labrador, Canada.

Located on the southwest coast of the island of Newfoundland, the site consists of 1,003 claims in 5 licenses over 25,075 hectares. It has hosted historic mining operations between 1987 and 1997 and produced 752,163 ounces of gold.

The most recent mineral resource estimate, released in April 2023, showed indicated resources of 1.21 million ounces of gold with an average grading of 2.32 grams per metric ton (g/t), with additional inferred resources of 231,000 ounces with an average grading of 3.24 g/t gold.

On March 28, the company announced it had increased its ownership stake in the project from 51 percent to 80 percent after it issued 10 million common shares to First Mining Gold (TSX:FF,OTCQX:FFMGF) as part of its April 2021 earn in agreement. First Mining will retain the remaining 20 percent in the property until Big Ridge completes a feasibility study on the project.

Big Ridge released its most recent news for Hope Brook in July, when it announced its 2024 work program.

2. Almaden Minerals (NYSE:AAU)

Press ReleasesCompany Profile

Weekly gain: 60 percent; market cap: C$10.98 million; share price: C$0.08

Almaden Minerals is a precious metals exploration company working to advance the Ixtaca gold and silver deposit in Puebla, Mexico. According to the company website, the deposit was discovered by Almaden’s team in 2010 and has seen more than 200,000 meters of drilling across 500 holes.

A July 2018 mineral resource estimate shows measured resources of 862,000 ounces of gold and 50.59 million ounces of silver from 43.38 million metric tons of ore, and indicated resources of 1.15 million ounces of gold and 58.87 million ounces of silver from 80.76 million metric tons of ore with a 0.3 g/t cutoff.

In February 2022, Mexico’s Supreme Court of Justice (SCJN) ruled that the initial licenses issued in 2002 and 2003 would be reverted back to application status after the court found there had been insufficient consultation when the licenses were originally assigned.

Ultimately, the applications were denied in February 2023, effectively halting progress on the Ixtaca project. While subsequent court cases have preserved Almaden’s mineral rights, it has yet to restore the licenses to continue work on the project.

The most recent update on the state of the company’s licenses came on June 27, when it announced it had confirmed up to US$9.5 million in litigation financing that will be used to fund international arbitrations proceedings against Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

3. Prairie Provident Resources (TSX:PPR)

Weekly gain: 50 percent; market cap: C$39.39 million; share price: C$0.045

Prairie Provident Resources is an oil and gas exploration, development and production company with assets throughout Alberta, Canada.

According to an August 13 management discussion and analysis for the first six months of 2024, the company reported an average daily production of 2,341 barrels of oil equivalent, a sharp decline from the 3,648 barrels of oil equivalent during the same period in 2023.

The company attributes this decline to the sale of its Evi property in Northern Alberta, as well as well servicing and natural declines.

Prairie Provident’s share price has seen a recent boost following news on September 13 that it had entered into an agreement to extend the maturity of its senior secured credit facility to March 31, 2026. It also announced a C$13.2 million rights offering, with C$11.6 million of committed funding coming from Prairie Provident’s largest shareholder, PCEP Canadian Holdco, and an additional C$400,000 from Prairie’s directors and management.

The company said it will use proceeds to fund the drilling of at least two wells in the Basal Quartz formation before the end of 2024, along with workovers of existing wells to improve productivity.

4. Serabi Gold (TSX:SBI)

Press ReleasesCompany Profile

Weekly gain: 35.71 percent; market cap: C$114.66 million; share price: C$1.90

Serabi Gold is a gold producer and explorer that owns the Palito mining complex and the Coringa gold mine in Northern Brazil.

In the company’s Q2 production results and operational highlights released on July 17, Serabi reported that it had produced 18,101 ounces of gold during the first six months of the year, an increase over the 16,523 ounces produced during the same period in 2023. On a per-mine basis, Palito produced 9,386 ounces of gold while Coringa produced 8,623 ounces.

The gold company maintained its production guidance for 2024 at 38,000 to 40,000 ounces of gold.

In its most recent operational update on September 9, Serabi reported that upgrades at Coringa were on schedule and on budget with the ore sorter having been delivered and the ground works for the installation of the crushing plant progressing well.

Additionally, the company reported results from a 3,500 meter surface drill program at Palito targeting a southern step-out extension at the G3 vein. The returned assays included a highlight intercept of 20.47 g/t gold over 3.15 meters, including 43.72 g/t gold over 1.45 meters.

5. Roscan Gold (TSXV:ROS)

Press ReleasesCompany Profile

Weekly gain: 33.33 percent; market cap: C$41.28 million; share price: C$0.10

Roscan Gold is an exploration and development company working to advance its Kandiole project in the Republic of Mali. The company’s permits cover an area of 288.8 square kilometers and host several mineralized targets.

The company hasn’t made any exploration announcements in 2024, but has continued to raise funding. The most recent news came on September 11 when Roscan announced it had been approved by the TSX Venture exchange to extend the maturity date of its promissory notes of C$1 million.

In the release, the company also announced it intends to complete a non-brokered private placement with company director Michael Gentile for C$300,000.

On Monday, September 16, Roscan announced changes to its board of directors, with Nana Sangmuah being appointed as executive chairman and Rahul Paul being appointed to the board.

FAQs for TSXV stocks

What is the difference between the TSX and TSXV?

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

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

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

How much does it cost to list on the TSXV?

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

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

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

How do you trade on the TSXV?

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

Data for this 5 Top Canadian Mining Stocks article was retrieved at 1:00 p.m PST on September 13, 2024, using TradingView’s stock screener. Only companies trading on the TSX and TSXV with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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(TheNewswire)

VANCOUVER, BC, September 23, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce the engagement with Altitude Capital Consultants Inc. (‘ Altitude ‘). This strategic partnership aims to enhance the Company’s market presence by providing capital market advice in respect of potential capital market strategies as it relates to all future financings and by reviewing and analyzing strategic opportunities for the Company. Heritage is also pleased to announce a Non-Brokered Private placement up to C$1.313M to fund its upcoming exploration program and working capital.

Michael Wekerle’s Altitude is coming together with Gene McBurney’s ECM Advisors to offer extensive expertise to junior miners poised for success. Together, they represent a significant opportunity for emerging mining companies equipped with promising properties and the vision to thrive in today’s evolving landscape.

Michael Wekerle and Gene McBurney are industry veterans whose insights and experience span decades. During their time at Griffiths McBurney Partnership (GMP) established a track record of navigating the complexities of the mining sector, understanding market dynamics, and identifying opportunities that can transform junior miners into market leaders. By sharing their knowledge, they empower these companies to make informed decisions, reduce risks, and enhance their operational strategies. This collaboration represents a significant opportunity for emerging mining companies equipped with promising properties and the vision to thrive in today’s evolving landscape.

‘Heritage is undeniably looking in the right place for a significant discovery in mineral-rich Northwestern Ontario. The region’s geological potential is immense, and both the Drayton Black Lake, Contact Bay and Scattergood projects hold the promise of uncovering valuable and key mineral resources.

With the right approach and support, Heritage Mining Ontario Project Portfolio could yield literally tons of mineral wealth. The geological formations in this area are known for their rich deposits, and I believe Heritage Mining is on the verge of something truly transformative. Their commitment and strategic vision make them well-positioned to capitalize on this opportunity.’ Commented Michael Wekerle, Managing Director, Altitude Capital.

‘We are thrilled to welcome both Altitude Capital Advisory and ECM Advisors as strategic partners. Michael Wekerle and Gene McBurney bring a wealth of expertise in supporting junior exploration companies, and their involvement comes at an ideal time as we advance our programs in Northwestern Ontario. With record gold prices and increasing interest in new discoveries, this partnership strengthens our ability to navigate the complexities of exploration and capitalize on the immense potential of our Ontario projects. Additionally, we already have supporting interest for approximately C$250,000, including contributions from Altitude Capital, existing insiders, institutions, and high-net-worth individuals. Their confidence in our strategy further solidifies our path forward as we unlock value for our shareholders.’ Commented Peter Schloo, President, CEO, and Director of Heritage.

Heritage will be compensating Altitude with an advisory fee of $10,000 per month for 12 months, totaling $120,000.

In addition, Heritage will grant Altitude 3,000,000 share purchase options at an exercise price of $0.075 per share.

Non-Brokered Private Placement

Pursuant to the Offering, the Company intends to issue up to:

10,000,000 units (‘ Units ‘) of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of up to $500,000 (the ‘ Offering ‘).

16,260,000 Flow-Through Shares (‘FT Shares’) of the Company at a price of 0.05 per FT Share, for aggregate proceeds of up to $813,000 (the ‘ Offering ‘)

Each Unit will consist of one common share in the capital of the Company (‘ Common Share ‘) and one Common Share purchase warrant (each whole Common Share purchase warrant, a ‘ Warrant ‘).

Each FT Share will consist of one common share in the capital of the Company (‘ Common Share ‘).

Each Warrant will entitle the holder to acquire one Common Share (each, a ‘ Warrant Share ‘) at an exercise price of $0.10 per Warrant Share until 4:30 pm (Pacific Standard time) on that date that is 36 months from the closing date of the Offering (the ‘ Expiry Time ‘).

The Warrants are subject to an accelerated expiry option whereby the Company can trigger an accelerated 30- day expiry of the Warrants if the closing price of the Company’s Common Shares listed on the Canadian Securities Exchange (the ‘ CSE ‘) remain higher than $1.00 for 10 consecutive trading days. On the 10th consecutive trading day above $1.00 (the ‘ Acceleration Trigger Date ‘), the Expiry Time may be accelerated to 30 trading days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration, within two trading days of the Acceleration Trigger Date.

Closing of the Offering is expected to occur as soon as practicable and prior to October 7, 2024 and is subject to all customary approvals. Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on its Drayton-Black Lake Project and Contact Bay, in addition to general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

A Finder’s Fee equal to 6% cash and compensation warrant (the ‘ Compensation Warrant ‘) equal to 6% of the number of Units or FT Shares, as applicable, issued pursuant to the Offering may be payable on certain orders in accordance with CSE rules. Each Compensation Warrant will entitle the holder to acquire one Common

Share of the Company at an exercise price of $0.05, for a period of 36 months

following the Closing Date.

‘We are immensely grateful for the unwavering support from current institutional holders, existing and newly welcomed stakeholders Altitude and ECM both on market and in the private placement. The alignment of our collective vision has been a driving force, and we look forward to the positive impact this will have on our future endeavors. With everyone’s support, we anticipate a quick and successful closure.’ Commented Peter Schloo, President, CEO and Director.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake, Contact Bay and Scattergood projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . The projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

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

Copyright (c) 2024 TheNewswire – All rights reserved.

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 western copper and gold corporation (‘Western’ or the ‘Company’) (TSX: WRN) (NYSE American: WRN) welcomes the recent announcement by Natural Resources Canada (‘NRCan’), conditionally approving C$40 million in federal funding to undertake pre-feasibility activities to advance a high-voltage transmission line network connecting the Yukon electrical grid to the North American grid in British Columbia . This funding would be provided through the Critical Minerals Infrastructure Fund (‘CMIF’).

The announcement was made on September 20, 2024 , by the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, with the Honourable Josie Osborne, British Columbia’s Minister of Energy, Mines and Low Carbon Innovation, and the Honourable Ranj Pillai, Premier of the Yukon .

The government announcement stresses the importance of investments in critical minerals infrastructure to enable Canada to seize the generational opportunity to transition to a low-carbon economy and capitalize on the country’s rich mineral resources.

As discussions around the grid connection evolve, the Casino Copper-Gold Project’s (‘ Casino ‘ or the ‘Project’) future energy demand could play an important role in shaping strategic investments that enhance connectivity, providing lasting benefits for the Yukon and its communities.

Sandeep Singh , Chief Executive Officer, stated: ‘This is a meaningful step toward advancing much-needed energy infrastructure in the Yukon , with potential to support Canada’s broader focus on improving the environmental performance and sustainability of critical mineral development.

While Casino ‘s feasibility study demonstrates a highly viable project using liquefied natural gas power, a potential future pathway to hydro grid power would be transformative, allowing the Project’s critical minerals to be produced while minimizing its carbon footprint.’

NRCan’s full announcement can be found at https://www.canada.ca/en/natural-resources-canada/news/2024/09/canada-announces-significant-funding-to-unlock-more-critical-minerals-development-in-northern-british-columbia-and-the-yukon.html .

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western’s operations in future periods. Statements that are not historical fact are ‘forward-looking statements’ as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ as that term is defined in National Instrument 51-102 (‘NI 51-102’) of the Canadian Securities Administrators (collectively, ‘forward-looking statements’). Certain forward-looking information should also be considered future-oriented financial information (‘FOFI’) as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management’s expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’ and similar expressions, or statements that events, conditions or results ‘will’, ‘may’, ‘could’ or ‘should’ occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western’s AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

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SOURCE western copper and gold corporation

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The last 48 hours has seen the most intense exchanges of fire between Israel and Hezbollah in almost a year of war in Gaza, as the Lebanese militant group fired projectiles deeper into Israeli territory than has previously been seen.

On Saturday Israel pounded Hezbollah targets with nearly 300 strikes it what they described as preemptive action to thwart a planned attack. Hezbollah meanwhile has been launching a barrage of rockets and other projectiles at Israel in what it says is retaliation for Israeli attacks in Lebanon.

Hezbollah – the Lebanon-based, Iran-backed militant group – has been left reeling after two days of blasts targeting pagers and walkie-talkies used by its members was followed by an Israeli strike on southern Beirut, which killed at least 45 people including a top commander and other senior operatives.

Here’s what we know about the escalation of tensions.

What’s happened, when and where?

On Tuesday and Wednesday, Lebanon was rocked by two similar, surprise attacks. On Tuesday afternoon, pagers exploded at the same time across several parts of Lebanon, including capital Beirut, and in several towns in the central Beqaa valley, strongholds for the Iran-backed militant group Hezbollah.

Almost exactly 24 hours later, Lebanon was rocked by a second attack Wednesday, when walkie-talkies detonated in the suburbs of Beirut and in the south of the country.

Lebanese health minister Firass Abiad put the death toll from both attacks at 39; 12 on Tuesday and 27 on Wednesday.

The exploding devices attacks were followed by an Israeli strike on the Lebanese capital of Beirut on Friday, which killed at least 45 including senior Hezbollah commander Ibrahim Aqil, and levelled a multistory building in a densely populated neighborhood.

The developments put the region on a knife edge, with Hezbollah targeting northern Israel with a series of rockets and missiles overnight on Saturday into Sunday, striking deeper into Israeli territory than they have done in other recent attacks. The attacks, Hezbollah said, were in response to repeated Israeli strikes in Lebanon that have led to the deaths of “many civilians.” Among the targets, Hezbollah said it hit an air base with Fadi 1 and Fadi 2 missiles, a longer-range weapon seemingly not used so far.

Most were intercepted but some fell, causing damage. The Israeli military reported impacts in Kiryat Bialik, Tsur Shalom and Moreshet near the port city of Haifa, around 40 km (25 miles) south of the border, marking one of the deepest direct hits by the Iran-backed group since the 2006 Israel-Lebanon war.

Schools have closed in many northern areas of Israel, and gatherings have been restricted.

Israel meanwhile fired nearly 300 projectiles into southern Lebanon on Saturday in what the military said was pre-emptive action against a planned Hezbollah attack. Israel continued its strikes into Sunday, with Lebanon’s official National News Agency (NNA) reporting two people were killed Sunday morning in southern Lebanon.

Will the conflict escalate?

Exchanges of fire between Israel and Hezbollah have occurred consistently since the outbreak of war in Gaza on October 8, the day after Hamas’ attack on Israel, in skirmishes which have long sparked fears of the fighting spilling over into a wider regional conflict.

Key players have at times appeared to walk right up to the brink, but tensions have de-escalated given the grave consequences of an all-out war in the Middle East.

However, the intensity of attacks between Israel and Hezbollah seen over the past few days has been unprecedented, renewing fears of a wider war that could drag in the entire region, as well as Israel’s chief ally the United States.

While Hezbollah’s leader has previously stated he does not want a fully-fledged regional war, experts have said he may now be under more pressure to act following the spate of explosions, and with Israel set on moving its military objectives to its northern border.

Israeli President Israel Herzog told Sky News on Sunday said that Israel “is not interested to be at war with Lebanon.” He instead blamed Hezbollah for the military escalation between the two nations.

Hezbollah has admitted the attacks have left them weakened but also show little sign of pulling back. Naim Qassim – the group’s second most important figure after leader Hassan Nasrallah – said a “a battle without limits” was now underway.

Why did Israel target Lebanon now?

Hezbollah and Israel have been in conflict for decades – but the two have ramped up their cross-border attacks on each other since last October when the war in Gaza began, following Palestinian militant group Hamas’ deadly attack on Israel.

Hezbollah is part of a larger Iran-led axis across the Middle East spanning Yemen, Syria, Gaza and Iraq that has engaged in a simmering conflict with Israel and its allies over the past 11 months.

The axis has said they will continue striking Israeli targets as long as the war in Gaza goes on, rebranding themselves as a “supportive front” for Palestinians in the strip, as described by a senior Hezbollah leader.

Israel may have chosen this timing for the attacks because it believed Hezbollah had discovered the pagers’ capability – making it a “use it or lose it” moment, said an Israeli source familiar with national security.

Israeli Prime Minister Benjamin Netanyahu may also have wanted to shore up domestic support. Officials and residents from the northern region have become increasingly vocal about the need to return to their homes after being evacuated due to attacks, piling pressure on the government to act against the threat of Hezbollah’s rockets from southern Lebanon.

On Tuesday, Israel made it a new war objective to return Israel’s northern residents to their homes near the border – which has long been understood to be a political necessity.

Speaking on Sunday, Netanyahu again put the focus on ensuring the return of Israel citizens to their homes in northern Israel and to restore security in that region.

Speaking ahead of a government meeting, he said: “If Hezbollah didn’t get the message – I assure you – they will get the message. We are determined to return our citizens in the north to their homes safely.”

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An Israeli airstrike reduces a nine-story apartment building in Beirut’s southern suburb to a large mound of rubble. A man covered in dust flails lifelessly in the arms of a rescuer. A corpse in a body bag is whizzed past parked ambulances on the back of a quad bike.

Suspicion pierces through the catastrophic aftermath of the attack. Plainclothes Hezbollah members snatch the phones of people snapping photos, demanding they be deleted. “Get the cell phones out of here!” screams one woman.

It was Iran-backed Hezbollah’s darkest hour. A meeting that gathered commanders of the group’s elite Radwan force in the basement of a residential building had been struck down by Israeli warplanes.

At least 45 people, including women and children, were killed, along with 16 Hezbollah militants, including the Radwan force leader Ibrahim Aqil and senior commander Ahmad Wehbe.

Just two days earlier, hundreds of walkie-talkies belonging to the Lebanese militant group’s members detonated in a single minute. A day before that, thousands of exploding Hezbollah pagers maimed hundreds of people. Overall, at least 80 people have been killed in attacks since Tuesday. Most were Hezbollah operatives, but the casualties also include women and children.

Now, the Middle East’s most formidable non-state fighting force is reeling from the biggest-ever hit to its military structure, as well as the most visible Israeli infiltration of its ranks and communications infrastructureinits more than 40-year history. The internal breach enabled the successive blows this week and sowed panic within Hezbollah, according to Lebanese security sources.

In a Saturday news conference, Interior Minister Bassam Mawlawi gave an impassioned speech, declaring that the country was in the throes of an Israeli “breach” and vowing to ramp up the monitoring of “foreigners, hotels and Syrian camps.”

The enemy’s firepower had pursued Hezbollah to its lair, attacking rank-and-file and military leadership alike.

Weakened militarily and stripped of its cloak of secrecy, Hezbollah has arrived at the most delicate phase of its decades-long fight against Israel. It hoped that a low-level fight on the border on behalf of the Palestinians would prop up Hamas’ position in the negotiations, but a ceasefire in Gaza seems more elusive than ever before. Now its limited confrontation with Israel has exacted a seemingly unlimited price from the militant group.

Yet the compulsion to lash out has rarely been greater, bringing the region even closer to the brink of a catastrophic war.

In its most high-level statement since the Israeli airstrike on Friday, Hezbollah’s second in command Naim Qassem declared “a new chapter” in the confrontations which he called “a battle without limits.”

Hezbollah’s retaliation in the early hours of Sunday appears to be its most forceful attack since confrontations at the Israel-Lebanon border began last October. The group said it targeted the Ramat David airbase in southeast Haifa, and the Rafael military industries site, north of Haifa. The Israeli military did not respond to questions about whether the site was impacted but officials confirmed direct hits nearby.

This was one of the deepest hits by Hezbollah since the last all-out war between Lebanon and Israel in 2006. The group also said it used new missiles it calls Fadi-1 and Fadi-2, believed to be medium-range rockets. If confirmed, this would mark one of the first time Hezbollah has fired weapons outside of its short-range arsenal.

The group will hope to have restored some of its deterrence power, and to force an end to Israel’s “new chapter” in its fight against Hezbollah.

What is certain is that there are new unwritten rules of engagement between Hezbollah and Israel. Until a few months ago, an Israeli strike in Beirut was believed to provoke a Hezbollah retaliation in a major Israeli city. After Israel killed a Hamas leader in southern Beirut in January, that turned out not to be true. Since then, Israel has attacked the Lebanese capital five times.

Hours before the Israeli airstrike on Friday, Hezbollah leader Hassan Nasrallah called the strikes on the wireless devices “unprecedented and severe.” The group had lost this battle, he seemed to say, but not the war.

Hezbollah’s supporters are trying to put on a brave face. “War is a boxing match. One day you win, another day you lose,” said Hussein, attending the funeral of three Hezbollah fighters slain in Friday’s strike.

“We are strong in our faith … We are all ready to spill blood for Nasrallah.”

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German Chancellor Olaf Scholz’s Social Democrats (SPD) looked set to fend off the far right in a state election in Brandenburg on Sunday after trailing behind the Alternative for Germany (AfD) throughout the campaign, exit polls indicated.

The SPD, which has governed the state surrounding the capital Berlin since reunification in 1990, scored 31.8% of the vote, ahead of the far-right Alternative for Germany on 29.2%, in a last-minute comeback, according to the exit poll by broadcaster ZDF.

The success for the SPD could give Scholz a slight reprieve from party discussions about his suitability to be once more be its chancellor candidate for the federal election scheduled for next September given his unpopularity with voters.

It is unlikely, however, to give him or his party a major boost given the popular, incumbent SPD premier Dietmar Woidke had distanced himself from Scholz during the campaign and criticized the federal government’s policies.

“Dietmar Woidke and his Brandenburg SPD have made a furious comeback in recent weeks,” said SPD party general secretary Kevin Kuehnert.

“For us in the federal SPD, this evening, if things go well, the problems that lie ahead of us will not have gotten any bigger. But they have not gotten any smaller either,” he said.

Three-quarters of those who voted for the SPD did not do so out of conviction but rather to fend off the AfD, according to the exit poll published by broadcaster ARD. Turnout rose to 73% from 61% five years ago, according to ZDF.

The SPD is polling just 15% at national level, down from the 25.7% it scored in the 2021 federal election. That is behind the AfD on around 20% and opposition conservatives on 32%.

All three parties in Scholz’s ideologically heterogeneous coalition combined are currently polling at around 30%, less than the conservatives alone.

The coalition has come under fire for its constant bickering and for its handling of immigration. In the formerly Communist-run East, many voters are also critical of its delivery of weapons to Ukraine to help it fend off Russia’s full-scale invasion.

No time for complacency

The vote in Brandenburg comes three weeks after the Russia-friendly AfD became the first far-right party to top a state election in Germany since World War Two, in Thuringia. It also performed strongly in neighboring Saxony, coming hot on the heels of the conservatives in second place.

Woidke warned against complacency, noting the AfD was still gaining momentum. The ZDF poll suggested it had gained 5.7 percentage points since the last Brandenburg election in 2019.

AfD co-leader Tino Chrupalla noted the AfD had made strong gains among young voters – a trend that was reflected for far-right parties across Europe in the EU elections in June.

The new leftist Alliance Sahra Wagenknecht was on track to come in third place, on 12% according to the poll, ahead of the conservatives on 11.6%, underscoring the ongoing upheavals in Germany’s political landscape making predictions tricky.

The Greens, one of the junior partners in Scholz’s coalition at a federal level, came in on 4.7%, just below the 5% threshold to automatically make it into state parliament.

The result achieved by the other junior coalition partner, the Free Democrats (FDP), was too insignificant to be reflected in the poll.

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Sri Lankans elected Marxist-leaning Anura Kumara Dissanayake as their new president on Sunday, putting faith in his pledge to fight corruption and bolster a fragile economic recovery following the South Asian nation’s worst financial crisis in decades.

Dissanayake, 55, who does not possess political lineage like some of his rivals in the presidential election, led from start to finish during the counting of votes, knocking out incumbent President Ranil Wickremesinghe and opposition leader Sajith Premadasa.

“We believe that we can turn this country around, we can build a stable government … and move forward. For me this is not a position, it is a responsibility,” Dissanayake told reporters after his victory which was confirmed after a second tally of votes.

The election was a referendum on Wickremesinghe, who led the heavily indebted nation’s fragile economic recovery from an economic meltdown but the austerity measures that were key to this recovery angered voters. He finished third with 17% of the votes.

“Mr. President, here I handover to you with much love, the dear child called Sri Lanka, whom we both love very dearly,” Wickremesinghe, 75, said in a statement conceding defeat.

Dissanayake polled 5.6 million or 42.3% of the votes, a massive boost to the 3% he managed in the last presidential election in 2019. Premadasa was second at 32.8%.

It was the first time in the Indian Ocean island’s history that the presidential race was decided by a second tally of votes after the top two candidates failed to win the mandatory 50% of votes to be declared winner.

Under the electoral system, voters cast three preferential votes for their chosen candidates. If no candidate wins 50% in the first count, a second tally determines the winner between the top two candidates, using the preferential votes cast.

About 75% of the 17 million eligible voters cast their ballots, according to the election commission.

This was the country’s first election since its economy buckled in 2022 under a severe foreign exchange shortage, leaving it unable to pay for imports of essentials including fuel, medicine and cooking gas. Protests forced then-President Gotabaya Rajapaksa to flee and later resign.

Dissanayake presented himself as the candidate of change for those reeling under austerity measures linked to a $2.9 billion International Monetary Fund bailout, promising to dissolve parliament within 45 days of taking office for a fresh mandate for his policies in general elections.

“The election result clearly shows the uprising that we witnessed in 2022 is not over,” said Pradeep Peiris, a political scientist at the University of Colombo.

“People have voted in line with those aspirations to have different political practices and political institutions. AKD (as Dissanayake is popularly known) reflects these aspirations and people have rallied around him.”

Dissanayake has worried investors with a manifesto pledging to slash taxes, which could impact IMF fiscal targets, and a $25 billion debt rework. But during campaigning, he took a more conciliatory approach, saying all changes would be undertaken in consultation with the IMF and that he was committed to ensuring repayment of debt.

Grinding poverty for millions

Buttressed by the IMF deal, Sri Lanka’s economy has managed a tentative recovery. It is expected to grow this year for the first time in three years and inflation has moderated to 0.5% from a crisis peak of 70%.

But the continued high cost of living was a critical issue for many voters as millions remain mired in poverty and many pinned hopes of a better future on the next leader.

Dissanayake ran as a candidate for the National People’s Power alliance, which includes his Marxist-leaning Janatha Vimukthi Peremuna party.

Although JVP has just three seats in parliament, Dissanayake’s promises of tough anti-corruption measures and more policies to support the poor boosted his popularity.

He will have to ensure Sri Lanka sticks with the IMF program until 2027 to get its economy on a stable growth path, reassure markets, repay debt, attract investors and help a quarter of its people out of poverty.

“Root cause for the downfall of this country is bad management. We have a strong feeling if we have a good manager to rule this country… we can be successful in future,” said Janak Dias, 55, a real estate businessmen.

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Ukrainian President Volodymyr Zelensky toured a Pennsylvania ammunition plant on Sunday as he began a key visit to the United States in which he is expected to present his blueprint to defeat Russia to President Joe Biden and other allies.

Zelensky will fully outline his “victory plan” – which includes Kyiv’s long-stated request to use long-range missiles on targets inside Russia – to Biden for the first time during the visit before sharing it with both presidential candidates, US lawmakers and international partners, he said.

“This fall will determine the future of this war,” Zelensky posted on X from his plane before landing in the US. “Together with our partners, we can strengthen our positions as needed for our victory – a shared victory for a truly just peace.”

Zelensky kicked off his visit at the Scranton Army Ammunition Plant in Biden’s hometown, where he thanked workers for providing Ukraine with munitions and said the facility would ramp up production of 155mm artillery shells crucial for Kyiv’s war effort.

“It is in places like this where you can truly feel that the democratic world can prevail,” he said. “Thanks to people like these – in Ukraine, in America, and in all partner countries – who work tirelessly to ensure that life is protected.”

Zelensky has been pushing Ukraine’s allies to ease restrictions on weapons and although there have been signs of the US shifting its stance, he said Friday they have yet to be given permission.

“We do have long-range weapons. But let’s just say not the amount we need,” Zelensky told reporters, adding that “neither the US nor the United Kingdom gave us permission to use these weapons on the territory of Russia.”

He has blamed the allies’ hesitation to authorize such use on escalation fears, but said he was hopeful his arguments would be heard during his visit.

Zelensky is expected to travel to New York, where he will speak at the United Nations General Assembly on Wednesday and meet with leaders of the Global South, the G7, Europe and international organizations.

He will then travel to Washington for talks with Biden and Democratic presidential nominee, Vice President Kamala Harris.

“I want to see what she thinks about this victory plan,” he said of Harris on Friday.

“As I told you, the plan includes not only what is needed from Biden today. But it also includes the fact that we will have a different situation after November. That is, there will be a new president in the United States. And we need to talk to each of the candidates about their perception of this.”

Harris has expressed her support for Ukraine and NATO allies, indicating she would continue Biden’s policies of backing Ukraine, if she is elected president.

Zelensky also plans to meet with Republican presidential candidate, former President Donald Trump, who in a recent debate refused to say if he wanted Ukraine to win the war.

This post appeared first on cnn.com

Is EARN Stock a Good Buy? Forecast, Dividend, and Outlook

Are you interested in investing in real estate and residential mortgage-backed securities? Is EARN stock a good buy right now? If so, EARN stock might be the right choice. What is its price target, and what can we expect in the coming months? We bring you the latest market data for those considering investing in EARN Stock.

Earn Stock Price Latest Trading Data

Ellington Credit Co. trades on the NYSE, operating in the Real Estate sector, specifically in Real Estate Investment Trusts (REITs). The stock reached a high of $6.93 and a low of $6.81 during today’s trading, with a share volume of 381,612, far exceeding its average volume of 103,178. The previous close was $6.89.

Over the past 52 weeks, the stock has fluctuated between a high of $7.26 and a low of $5.09. The company has a market capitalisation of $173.49 million and a P/E ratio of 17.56. Its forward P/E ratio for the next year is 5.94, with earnings per share (EPS) of $0.39.

Ellington Credit Co. pays an annualised dividend of $0.96, making the EARN stock dividend appealing to income-focused investors. The most recent ex-dividend date was August 30, 2024, with the next dividend payment scheduled for September 25, 2024. The stock offers a solid yield, appealing to income-focused investors. The 1-year target price for EARN stock is $7.00, indicating a potential upside from current levels. According to the EARN stock forecast, momentum investors may find it attractive despite concerns about long-term underperformance.

Is EARN Stock A Good Investment?

Ellington Credit Company (EARN) indicates expected above-average returns, though its overall financial stability and future growth outlook suggest it may underperform the market. Currently, it holds a Growth Score of D and a VGM Score of D, indicating poor value and growth potential. However, recent price fluctuations and adjustments to earnings forecasts have made it attractive to momentum investors, as reflected by a Momentum Score of A. Despite its strong momentum, its overall financial health suggests potential underperformance in the long term.

EARN Stock Signals & Forecast

EARN stock displays mixed signals: a buy signal from the MACD but sell signals from moving averages. Resistance levels are at $6.96 and $6.94. A recent sell signal suggests further declines until a new bottom is established, with rising volume indicating potential caution.

Support, Risk, & Stop-loss for Ellington Residential Mortgage REIT Stock

The stock has established support at $6.83, which could present a buying opportunity as a positive reaction is anticipated when this support is tested. Overall, the stock shows stable price movements and its strong liquidity results in a low-risk profile. Over the past day, the stock fluctuated by $0.120, corresponding to a 1.76% change. In the past week, the stock saw an average daily volatility of 1.56%.

Insiders remain optimistic as recent trades show more buying activity despite higher overall sales, indicating renewed interest or expiring stock options.

EARN Trading Expectations for Thursday, 5th

On Thursday, the 5th, the stock should open at $6.86, trading between $6.72 and $6.98. The stock is closer to support at $6.83, indicating an attractive risk/reward profile for potential profits before resistance is hit at $6.95.

Insiders remain optimistic as recent trades show more buying activity despite higher overall sales, indicating renewed interest or expiring stock options.

About the Company: Ellington Credit Co.

Ellington Credit Co. operates as a real estate investment trust, focusing on obtaining, investing in, and overseeing residential mortgages and real estate assets. Established on August 2, 2012, the company is based in Old Greenwich, Connecticut. Its holdings consist of agency and non-agency mortgage-backed securities and other targeted assets such as whole residential mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and additional asset-backed securities.

Final Thoughts – EARN Stock, Buy or Sell?

In summary, while EARN stock offers appealing dividend yields and strong momentum, its overall financial health and growth potential may lead to long-term underperformance. Investors should weigh the mixed signals and cautious market forecasts before making a decision.

The post EARN Stock Price Forecast: Is It Worth Buying? appeared first on FinanceBrokerage.