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October 4, 2024

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Here’s the issue with gold: it’s difficult to find as much info on it as stocks. For many investors, the buzz around Costco’s (COST) gold sales put gold back on the mainstream radar. But that won’t tell you if it’s still a smart buy or what price you should pay for it.

This is where technical analysis comes in—it examines things from a clearer, more objective perspective. 

In a previous article, I covered gold projections using SPDR Gold Shares ETF (GLD) as a proxy. If you were even semi-bullish on gold, I hope you followed along, as intermediate-term targets were hit, along with an added bonus of a short-term trade.

Let’s take a look.

First, log in to your StockCharts platform and click here for the weekly before/after chart.

CHART 1. WEEKLY CHART OF GLD. The price bars after the orange arrow is what happened after the September 17 article on GLD.Chart source: StockCharts.com. For educational purposes.

In a  nutshell, here’s what happened:

  • The orange arrow pointing at the 127.20% Fibonacci Extension is where the last article left off.
  • The 138.20% Fib target was also reached, and GLD appears to be moving toward the 161.80% target.

The daily chart also pointed out a solid entry point, and now you can see the before and after results laid out clearly.

CHART 2. DAILY CHART OF GLD. The green vertical line denotes the before/after in relation to the September 17 article.Chart source: StockCharts.com. For educational purposes.

Take a look at everything to the right of the green vertical line:

  • As mentioned in the last article, the 50% level at the bottom of the 2nd Quadrant Line marks a strong entry point. The magenta circle highlights the bounce, as anticipated.
  • As price reached the 138.20% Fib extension target of $242.50, there was yet another short-term trading opportunity that occurred—a measured move of 5.2% from the bounce to just under $247.

Can GLD Hit the 161.80% Fib Extension Target Above $250?

Although analyst targets are varied, Goldman Sachs just upped its gold target to $2,900 an ounce, but it’s a long game. If you’re looking at GLD, that would mean a potential price of $280, and Goldman is aiming for early 2025. So expect some bumps along the way, with pullbacks likely. Keeping an eye on the global and economic factors pushing gold is key if you’re in this for the long haul.

Central banks are also playing a big role in the gold market. In 2024, they scooped up 290 metric tons of gold in just the first quarter—the biggest quarterly haul in over 20 years. With no signs of slowing down, central banks are keeping gold demand strong and steady, setting the stage for its long-term growth.

Closing Bell

So let’s wrap it up. There are plenty of reasons to be bullish on gold. If you’re eyeing GLD, keep tracking those Fib targets, but don’t forget that the ride could be bumpy. You will have to redraw a new set of Quadrant Lines and measure both the pullbacks and extensions. You may also find a few more shorter-term trades in the process. While global factors may shake things up along the way, you’ve got the tools to take advantage of the situation, no matter which direction GLD takes.


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

In this video from StockCharts TV, Julius explores the October seasonal outlook for the S&P 500 and various sectors. Seasonality suggests a potential rise in the S&P 500, fueled by strength in technology, but there are still concerns about the ongoing negative divergence between price and key indicators like RSI and MACD.

This video was originally published on October 3, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past episodes of Julius’ shows can be found here.

#StayAlert, -Julius

After trending down in 2023, nickel prices climbed to a 10 month high in late May of this year. However, they’ve since pulled back.

While this environment has been tough for nickel companies, some stocks are still thriving.

Supply is expected to outflank demand over the short term, but the longer-term outlook for the metal is strong. Demand from the electric vehicle industry is one reason nickel’s future looks bright further into the future.

“Global nickel consumption is expected to increase due to recovery of the stainless steel sector and increased usage of nickel in electric vehicle batteries. Batteries now account for almost 17 percent of total nickel demand, behind stainless steel,’ Ewa Manthey, commodities strategist at financial services firm ING, said in the lead-up to 2024.

“The metal’s appeal to investors as a key green metal will support higher prices in the longer term.’

As for Canada’s nickel market, the critical metal is listed as one of the top priorities in the Canadian government’s Critical Minerals Strategy. The country is the world’s fifth largest producer of nickel, with much of its production coming from mines in Ontario’s Sudbury Basin, including Vale’s (NYSE:VALE) Sudbury operation and Glencore’s (LSE:GLEN,OTC Pink:GLCNF) Sudbury Integrated Nickel Operations.

In February, Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF) announced its subsidiary NetZero Metals is planning to develop a US$1 billion nickel processing plant in Ontario that will become North America’s largest once complete.

How are Canadian nickel stocks performing in 2024? Below are the top nickel stocks in Canada on the TSXV and CSE by share price performance so far this year. TSX stocks were considered, but didn’t make the cut.

All year-to-date and share price data was obtained on September 27, 2024, using TradingView’s stock screener. The top nickel stocks in Canada listed had market caps above C$10 million at that time.

1. Power Nickel (TSXV:PNPN)

Company Profile

Year-to-date gain: 208.33 percent
Market cap: C$149.34 million
Share price: C$0.74

Power Nickel is developing its 80 percent owned Nisk polymetallic property in Québec, which hosts nickel, copper, platinum and palladium mineralization. According to the company, it plans to create Canada’s first carbon-neutral nickel mine. The polymetallic nature of the project is a plus for the economic case for future nickel production in a low price environment.

This ongoing work has generated positive news flow for the company so far in 2024. After starting the year at C$0.24, Power Nickel began gaining in mid-April following two key announcements. First, the company released drill results from the newly discovered Lion zone 5 kilometers northeast of the main Nisk deposit. Shortly after, it announced the completion of its option to earn an 80 percent stake in Nisk from Critical Elements Lithium (TSXV:CRE,OTCQX:CRECF).

Power Nickel’s share price jumped more than 15 percent on May 10 to reach C$0.64 following news that drilling continued to expand the high-grade, near-surface Lion discovery, with notable assays including 14.42 meters at 0.59 grams per metric ton (g/t) gold, 69.14 g/t silver, 8.17 percent copper, 6.25 g/t palladium, 8.44 g/t platinum and 0.58 percent nickel.

In June, Power Nickel commenced an 8,000 meter summer drill program at Nisk, and closed a flow-through offering for gross proceeds of over C$20 million. Some of the biggest names in mining — Robert Friedland and Rob McEwen — participated. The company continued to climb before peaking at a year-to-date high of C$0.88 on June 21.

2. Class 1 Nickel and Technologies (CSE:NICO)

Company Profile

Year-to-date gain: 116.67 percent
Market cap: C$23.2 million
Share price: C$0.13

Class 1 Nickel and Technologies’ flagship property is its Alexo-Dundonald nickel project near Timmins, Ontario. The past-producing asset hosts four nickel sulfide deposits. The company’s pipeline also includes the past-producing Somanike nickel-copper project near Val-d’Or, Québec, and the River Valley platinum-group metals project near Sudbury, Ontario.

Class 1 Nickel released resource estimate updates for the Alexo South and Alexo North deposits in April and May of this year, respectively. The company said it expects to start work on a preliminary economic assessment for Alexo-Dundonald in the near term as part of its plan to bring the asset back into production.

On October 3, Class 1 Nickel put out an updated mineral resource estimate for the Dundonald South nickel deposit that featured a 781 percent increase in indicated metric tons of nickel and a 474 percent increase in indicated nickel pounds.

The Canadian nickel exploration company’s share price started off the year at C$0.06, and it began climbing in April to reach a year-to-date high of C$0.21 on July 26.

3. EV Nickel (TSXV:EVNI)

Company Profile

Year-to-date gain: 80 percent
Market cap: C$47.14 million
Share price: C$0.54

EV Nickel’s primary project is the 30,000 hectare Shaw Dome asset near Timmins, Ontario. The property includes the high-grade W4 deposit, which has a resource of 2 million metric tons at 0.98 percent nickel for 43.3 million pounds of Class 1 nickel across the measured, indicated and inferred categories.

Shaw Dome also holds the large-scale CarLang A zone, which has a resource of 1 billion metric tons at 0.24 percent nickel for 5.3 billion pounds of Class 1 nickel across the indicated and inferred categories.

EV Nickel is working on integrating carbon capture and storage technology for large-scale clean nickel production, and has procured funding from the Canadian government and Ontario’s provincial government. In late 2023, the company announced it was moving its carbon capture research and development to the pilot plant stage.

The company’s news so far in 2024 includes the closure of a flow-through financing in March that ultimately saw EV Nickel raise C$5.12 million to fund the development of its high-grade, large-scale nickel resources.

In April, EV Nickel launched its 2024 exploration program, which is aimed at advancing the CarLang trend and exploring other nickel targets. The most recent news out of the program came in early September with the announcement that diamond drilling on the Langmuir 2 high-priority nickel target had confirmed high-grade nickel with intercepts such as 18.5 meters grading 1.07 percent nickel, 7.5 meters grading 1.67 percent nickel, 2 meters grading 3.27 percent nickel and 1 meter grading 5.11 percent nickel.

The Canadian nickel exploration company’s share price started off the year at C$0.30 before steadily climbing to reach a year-to-date high of C$0.79 on May 17.

FAQs for nickel investing

How to invest in nickel?

There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.

Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it’s critical to complete due diligence before making any investment decisions.

Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures.

What is nickel used for?

Nickel has a variety of applications. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. It is used in coins as well, such as the 5 cent nickel in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada’s nickel has nickel plating that makes up 2 percent of its composition.

Nickel’s up-and-coming use is in electric vehicles as a component of certain lithium-ion battery compositions, and it has gotten extra attention because of that purpose.

Where is nickel mined?

The world’s top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and New Caledonia make up the top three. Rounding out the top five are Russia and Canada. Indonesia’s production stands far ahead of the rest of the pack, with 2023 output of 1.8 million metric tons compared to the Philippines’ 400,000 MT and New Caledonia’s 230,000 MT.

Significant nickel miners include Norilsk Nickel (OTC Pink:NILSY,MCX:GMKN), Nickel Asia, BHP Group (NYSE:BHP,ASX:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF).

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

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Following the closure of Energy Fuels’ (TSX:EFR,NYSEAMERICAN:UUUU)acquisition of Base Resources, Curtis Moore discussed the buildout of the company’s rare earths and heavy mineral sands businesses.

‘We are creating a truly diversified critical minerals company. This diversification is based upon on our core uranium processing and our core uranium production capabilities, which remain the heart of our business,’ he said.

‘We have been and will be the number one uranium producer in the US … however, on top of this uranium capability that we have, we’ve been able to bolt on a world-significant rare earth business and also a world-significant heavy mineral sand business,’ added Moore, who is SVP of marketing and corporate development at Energy Fuels.

Base Resources holds the Madagascar-based Toliara project, which once up and running will be a source of heavy mineral sands, as well as monazite, which can be used to produce the magnet rare earths used in electric vehicles.

Moore explained that Energy Fuels will be able to process the monazite at its White Mesa mill in Utah.

Using feed from Toliara, as well as the Donald project in Australia and Bahia project in Brazil, the company eventually expects to be able to produce 5,000 to 6,000 metric tons of neodymium-praseodymium oxide annually, as well as about 300 to 400 metric tons of dysprosium and terbium oxides. Moore estimated that it will take two to three years to get to that level of output as the company expands White Mesa and gets Toliara, Donald and Bahia going.

‘When you’re talking about those levels of rare earths, that’s about the same size as a Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF) or an MP Materials (NYSE:MP), and we expect to be highly competitive on costs,’ he said.

Watch the interview above for more of Moore’s thoughts on rare earths, heavy mineral sands and uranium.

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

This post appeared first on investingnews.com

Americas-focused miner Capstone Copper (TSX:CS,ASX:CSC,OTC Pink:CSCCF) announced two pieces of news from its Mantoverde development project in Chile on Tuesday (October 1).

The company reported that it has achieved commercial production at the site, and followed up with the release of a feasibility study for its Mantoverde optimized brownfield expansion project.

Mantoverde reached commercial production on September 21 after its mill operated for 30 consecutive days at an average of 75 percent of its nameplate throughput, which stands at 32,000 metric tons (MT) of ore per day.

Despite the achievement, Capstone said its consolidated copper production for 2024 is expected to come in at the lower end of the projected range, between 190,000 and 220,000 MT. The company’s C1 cash costs are likely to trend slightly above guidance, which is set between US$2.30 and US$2.50 per payable pound.

This is largely due to the timing of ramp ups at both the Mantoverde and Mantos Blancos operations, which occurred later in the year than anticipated. However, the company expects Q4 to be its strongest quarter across its portfolio.

In terms of the feasibility study for the Mantoverde optimized project, Capstone said it focuses on a capital-efficient expansion of the sulfide concentrator. The work is expected to increase the plant’s throughput capacity from 32,000 MT of ore per day to 45,000 MT per day, adding an additional 20,000 MT per year of copper production.

Capital of about US$146 million is estimated, and will extend the mine’s life to 25 years. The study projects an after-tax net present value of US$2.9 billion at an 8 percent discount and a long-term copper price of US$4.10 per pound.

Capstone also reported an increase to sulfide mineral reserves, saying they have risen by 68 percent to 398 million MT grading 0.49 percent copper and 0.1 grams per MT gold. Contained copper has increased by 40 percent.

Meanwhile, oxide mineral reserves have seen an 18 percent increase in tonnage to 236 million MT at a soluble copper grade of 0.21 percent. Contained copper has increased by 11 percent.

Over the next five years, Mantoverde is expected to produce an average of 135,000 MT of copper and 37,000 ounces of gold annually at a cash cost of US$1.81 per payable pound of copper.

Capstone aims to start construction of the Mantoverde optimized project after the approval of its environmental permit application, which was submitted in H1. The company anticipates approval in the first half of 2025.

The firm is also currently looking into a number of value-enhancement opportunities within the Mantoverde-Santo Domingo district. These include processing oxide material from Capstone’s neighboring Santo Domingo and Sierra Norte projects, and the recovery of cobalt and additional copper from pyrite concentrate.

Capstone is scheduled to release its third quarter financial results on October 31.

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

This post appeared first on investingnews.com

Graphene is often heralded as the “wonder material” of the 21st century, and investing in graphene companies offers investors exposure to a growing number of graphene applications across a diverse set of industries.

In terms of size, Grand View Research is forecasting that the global graphene market will grow at a compound annual growth rate of 35.1 percent between 2024 and 2030 to reach US$1.61 billion. The firm says that revenue for electronics industry applications will be a major contributor to the growth in demand for graphene.

Demand for graphene coatings and composites will come from the energy storage, aerospace and automotive industries industries, among others. Graphene coatings are used in batteries, conductors and generators to improve energy efficiency and performance, while lightweight graphene composites are being used in aircraft and automobiles.

According to Fortune Business Insights, the graphene market is mainly being driven by demand from the Asia-Pacific region, due in large part to favorable government policies, academic researching and increasing graphene investment. Rising demand from the automotive, marine, aerospace and defense industries in this region are also important factors.

For those interested in how to invest in graphene, here’s a look at seven publicly traded graphene companies making moves in the market today, based on research gleaned from intelligence firms Grand View Research and Fortune Business Insights.

These top graphene stocks are listed in alphabetical order, and all data was accurate as of September 25, 2024.

1. Black Swan Graphene (TSXV:SWAN)

Press ReleasesCompany Profile

Market cap: C$14.4 million

Black Swan Graphene describes itself as an emerging powerhouse in the bulk graphene business. UK-based global chemicals manufacturer Thomas Swan & Co. holds a 15 percent interest in Black Swan and brings a portfolio of patents and intellectual property related to graphene production. Through this partnership, Black Swan is building out a fully integrated supply chain from mine to graphene products.

Black Swan has launched a number of new graphene products in 2024, such as its GraphCore 01 family of graphene nanoplatelets products, which includes powders and polymer-ready masterbatches designed for the polymer industry.

In June, the company announced a commercial partnership with advanced materials engineering company Graphene Composites that will see Black Swan’s graphene used in the fabrication of GC Shield, a patented ballistic protection technology.

The following month, the company secured a distribution and sales agreement with UK-based manufacturer of plastic materials Broadway Colours. Under the agreement, Broadway will incorporate Black Swan’s graphene nanoplatelets in the manufacture of graphene enhanced masterbatches for plastic manufacturing.

2. CVD Equipment (NASDAQ:CVV)

Company Profile

Market cap: US$22.29 million

CVD Equipment produces chemical vapor deposition, gas control and other types of equipment and process solutions for developing and creating materials and coatings for a range of industrial applications, including aerospace engine components, medical implants, semiconductors, battery nanomaterials and solar cells.

CVD processing can be used to produce graphene and nanomaterials such as carbon nanotubes and silicon nanowires. Its PVT200 system is designed to grow silicon carbide crystals for the manufacture of 200 millimeter wafers. The company’s first half of the year saw orders worth US$16.9 million, up from US$15.8 million in the same period in 2023.

Orders from key customers included an order for its PVT200 system from a new customer as well as a multi-system order from an industrial customer for its silicone carbide CVD coating reactors.

3. Directa Plus (LSE:DCTA)

Company Profile

Market cap:GBP 16.7 million

Leading graphene nanoplatelet producer Directa Plus makes products designed for commercial applications such as textiles and composites. The Italy-based firm has developed a patented graphene material named G+ Graphene Plus, which is both portable and scalable. Directa Plus casts a wide net, even using its graphene for golf balls with the aim of improving users’ control and swings using elasticity.

Directa Plus inked in December 2023 what it called a ‘landmark agreement’ to acquire a proprietary system for preparing graphene compounds for market-ready battery and polymer applications, opening up two more potential markets for Directa Plus products.

In April 2024, the company announced the installation of its GiPave high-tech asphalt at the Imola Circuit for the Emilia-Romagna Grand Prix held in May 2024 as part of the Formula 1 World Championship. GiPave uses graphene and recycled plastics to create a cleaner, more sustainable asphalt product.

4. First Graphene (ASX:FGR,OTCQB:FGPHF)

Company Profile

Market cap: AU$31.22 million

First Graphene is an advanced materials company that has developed an environmentally sound method of converting ultra-high-grade graphite into the competitively priced, high-quality graphene in bulk quantities.

The firm is working with three Australian universities on developing graphene products and associated intellectual properties, including PureGRAPH, its graphene powder. First Graphene is vertically integrated, and applications for its products extend to fire retardancy, energy storage and concrete, among others.

In May, the company secured a distribution agreement with global distributor Bisley & Company. The agreement is initially for the Australian and New Zealand markets with the potential for additional markets. The five-year contract represents a significant milestone for the commercialization of First Graphene’s PureGRAPH material, according to the press release.

First Graphene joined a nine-member consortium in July to develop and commercialize lightweight impermeable cryogenic all-composite tanks for the safe storage and transport of liquid hydrogen. The next month, the company secured funding for a collaborative research project aimed at commercializing its Kainos technology for the production of ‘high-quality, battery-grade synthetic graphite and pristine graphene from petroleum feedstock using a scalable hydrodynamic cavitation manufacturing process.’

5. Haydale Graphene Industries (LSE:HAYD,OTC Pink:HDGHF)

Company Profile

Market cap: GBP 4.86 million

Through its subsidiaries, Haydale Graphene Industries designs, develops and commercializes advanced materials. The company has developed a patented proprietary and scalable plasma process that’s aimed at functionalizing graphene and other nanomaterials. Using the technology, Haydale is able to supply tailored solutions to both raw materials suppliers and product manufacturers.

Haydale has a partnership with the University of Manchester’s Graphene Engineering Innovation Centre (GEIC), through which it is researching and developing graphene-based innovations such as conductive ink heating applications for the automotive and future homes sectors.

In July, Haydale announced that a feasibility study has shown initial indications that Haydale’s plasma-functionalized graphene can capture carbon dioxide.

6. NanoXplore (TSXV:GRA,OTCQX:NNXPF)

Company Profile

Market cap: C$378.75 million

Established in 2011, NanoXplore is able to produce high volumes of graphene at affordable prices due to its unique and environmentally friendly production process. The company’s GrapheneBlack graphene powder can be used in plastic products to greatly increase their reusability and recyclability.

NanoXplore is also targeting lithium-ion batteries with its patented SiliconGraphene battery anode material solution, which employs GrapheneBlack as a coating agent around silicon to make a safer, more reliable cell. NanoXplore’s graphene products are also being used in internal combustion engine vehicles.

Earlier this year, as part of its five year strategic plan, NanoXplore increased the production capacity at its St-Clotilde, Québec plant. The capacity expansion will enable the company to meet increased demand for its graphene-enhanced composite products.

In its Q4 and full year 2024 financials, the company reported record total revenues of C$38.13 million for the quarter, up 14 percent from the same quarter in the previous year; and record total revenues of C$129.99 million for the full year, up 5 percent over its fiscal 2023.

8. Talga Group (ASX:TLG,OTC Pink:TLGRF)

Company Profile

Market cap: AU$154.35 million

Talga Group is a vertically integrated battery anode and materials company, mining its own graphite and producing anodes. It has operations in Sweden, Japan, Australia, Germany and the UK. The company also produces graphene additives for use by materials manufacturers in applications such as concrete, coatings, plastics and energy storage.

Talga has the Talphite and Talphene lines of graphene products, which include conductive additives for battery cathode and anode products, solid-state anodes and graphite recycling.

The company is currently undertaking a scoping study to assess expansion options at its Vittangi graphite project in Sweden in an effort to better address the global battery anode market.

Private graphene companies

The graphene stocks listed above are by no means the only graphene-focused companies. Investors interested in graphene would also do well to learn more about the private companies focused on graphene technology, including ACS Material, Advanced Graphene Products, Graphene Platform, Graphenea, Grafoid and Universal Matter.

FAQs for graphene

What is graphene?

Graphene is a single layer of carbon atoms arranged in a hexagonal lattice. First produced in 2004, when professors at England’s University of Manchester used Scotch tape to peel flakes of graphene off of graphite, the material is 200 times stronger than steel and thinner than a single sheet of paper. Graphene has many possible applications in various fields, such as batteries, sensors, solar panels, electronics, medical equipment and sports gear.

What are some good properties of graphene?

Graphene’s outstanding properties include high thermal and electrical conductivity, high elasticity and flexibility, high hardness and resistance, transparency and the ability to generate electricity via exposure to sunlight.

What is the difference between graphene and graphite?

Graphene and graphite are both allotropes of carbon, meaning they are structurally different forms of the same element. A key difference between them is that graphene is a single layer of graphite.

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

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IsoEnergy (TSX:ISO,OTCQX:ISENF) announced plans to acquire Anfield Energy (TSXV:AEC,OTCQB:ANLDF) on Wednesday (October 2), strengthening its position in the US uranium market.

The purchase will secure IsoEnergy’s access to two of the only three licensed uranium mills in the US, which it says will help solidify its reputation as a significant player in the domestic uranium market.

Anfield wholly owns the Utah-based Shootaring Canyon mill, as well as various uranium and vanadium projects across the Western US, including key areas in Utah, Colorado, New Mexico and Arizona.

A restart application has been submitted to increase Shootaring Canyon’s throughput capacity, and IsoEnergy already has a toll-milling agreement with Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) at the White Mesa mill.

IsoEnergy and Anfield shareholders are set to respectively own approximately 83.8 percent and 16.2 percent of the combined company on a fully diluted basis, with each share valued at US$0.103 each.

According to IsoEnergy, the new entity will be a top player in terms of uranium resource ownership.

When IsoEnergy and Anfield’s assets are amalgamated, they will together have a mineral resource of 17 million pounds in the measured and indicated category and 10.6 million pounds in the inferred category. They will also have a historical mineral resource of 152 million pounds measured and indicated, and 40.4 million pounds inferred.

IsoEnergy CEO Philip Williams emphasized the strategic importance of the acquisition.

“The US is a key jurisdiction for us, and we believe today’s acquisition of Anfield strengthens both our resource base and near-term production potential,’ he said in the company’s press release.

The proximity of Anfield’s assets to IsoEnergy’s projects, particularly the Tony M mine, which is located just 4 miles away, is expected to reduce transportation costs and increase flexibility in mining and processing operations.

The combination also provides operational synergies, with projects including Velvet-Wood and Slick Rock offering advantages through shared infrastructure and reduced administrative costs on a per-pound basis.

The acquisition aligns with broader industry trends favoring nuclear energy as a reliable and carbon-neutral power source. Rising support for nuclear energy is driving increased uranium demand globally, and IsoEnergy believes the Anfield deal positions the company to meet this growing demand through its expanded production capacity.

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

This post appeared first on investingnews.com

A Cambodian woman who worked as a maid in Malaysia has been deported to her homeland for comments she posted on social media criticizing Cambodian government leaders, in the latest example of a Southeast Asian government helping another arrest a dissident.

A Cambodia prison official and an opposition activist group said Thursday that Nuon Toeun, 36, who had worked in Malaysia for several years, was arrested last week by Malaysian authorities following a request from the Cambodian government.

Human rights groups have criticized several Southeast Asian governments for helping each other harass, detain and deport political dissidents in exile. New York-based Human Rights Watch has urged the Thai government to stop forcing political dissidents to return to their authoritarian home countries, including Vietnam, Laos, Cambodia and China, where they might face torture, persecution or death.

Freedom House, a US-based organization that promotes democracy, says the practice of attacking or sending back exiled dissidents “is becoming a ‘normal’ phenomenon as more governments around the world use it to silence dissent.″

Nuth Sovana, a spokesperson for Cambodia’s prison department, said Nuon Toeun was detained at Prey Sar prison in Phnom Penh upon her arrival in Cambodia on Tuesday. She was charged with incitement to commit a felony or cause social disorder and incitement to discriminate on the basis of race religion or nationality, he said. He couldn’t provide details of the offenses she was accused of committing.

If convicted on both charges, she could face up to five years in prison and a fine.

Malaysian police and immigration officials couldn’t immediately be reached for comment on her deportation.

Nuon Toeun is neither an opposition leader nor a well-known activist. However, Cambodia’s government has expressed concern recently about overseas critics rallying support among Cambodian expatriates.

Nuon Toeun’s arrest came shortly after a Cambodian investigative reporter, Mech Dara, known for exposing online scams and corruption, was charged with incitement to commit a felony for material he posted on social media.

Radio Free Asia, a US government-funded news service that reports extensively on Cambodia, said Nuon Toeun often used social media to criticize Cambodia’s leadership, including Prime Minister Hun Manet and his father Hun Sen, the former prime minister who is now the Senate president, over their handling of social issues.

Cambodia’s government under the governing Cambodia People’s Party has long been accused of silencing critics and political opponents.

Radio Free Asia said Nuon Toeun was a supporter of the opposition Cambodian National Rescue Party, which was dissolved ahead of the 2018 general election as part of a crackdown on the opposition. The Cambodian People’s Party subsequently won every seat in the National Assembly.

A few days before her arrest, Nuon Toeun posted a video on Facebook in which she said she was “expressing rage on behalf of the people living inside Cambodia,” Radio Free Asia reported.

“If I have sinned because I (have cursed) this despicable guy, I am happy to accept the sin because he has mistreated my people so badly,” she said, in a reference to Hun Sen, Radio Free Asia reported.

The Khmer Movement for Democracy, a movement formed by opposition leaders in exile, condemned Nuon Toeun’s deportation from Malaysia. It said in a statement that she was working legally in Malaysia and had committed no crime except expressing her opinions.

It said her deportation without due process was a “blatant violation of international law and a grave assault on human rights.”

This post appeared first on cnn.com

Editor’s note: This story contains a graphic image and descriptions of violence.

Up to 600 people were shot dead in a matter of hours by al Qaeda-linked militants in an August attack on a town in Burkina Faso, according to a French government security assessment that nearly doubles the death toll cited in earlier reports. The new figure would make the assault, in which civilians were shot dead as they dug trenches to defend the remote town of Barsalogho, one of the deadliest single attacks in Africa in recent decades.

Militants from Jama’at Nusrat al-Islam wal-Muslimin (JNIM), an al Qaeda affiliate based in Mali and active in Burkina Faso, opened fire methodically as they swept into the outskirts of Barsalogho on motorcycles and shot down villagers, who lay helpless in the freshly upturned dirt of the trench, according to several videos of the August 24 attack posted by pro-JNIM accounts on social media. Many of the dead were women and children, and the footage is punctuated by the sound of automatic gunfire and screams of victims as they are shot while apparently trying to play dead.

The United Nations initially estimated the death toll was at least 200. JNIM said it had killed nearly 300 people but claimed it had targeted militia members affiliated with the army, rather than civilians, according to a translation by Site Intelligence Group cited by Reuters.

“Large-scale deadly attacks (at least a hundred deaths) against civilian populations or defense and security forces have been occurring for several weeks at a rate that seems unsustainable for the government,” the report says of Burkina Faso, “which no longer really has a military strategy to offer and whose propaganda discourse seems out of breath and ideas.”

On September 17, the capital of nearby Mali, Bamako, was rocked by another JNIM assault, which hit the airport, among other key buildings, and killed more than 70 people.

‘Defensive trenches’ became mass grave

The massacre at Barsalogho came as locals were ordered by the military to dig a vast trench network around the town to protect it from jihadists circulating nearby. The JNIM gunmen then attacked the defenses, mid-construction, falsely claiming the civilians were combatants because of their involvement, according to eyewitnesses.

“I started to crawl into the trench to escape,” he said. “But it seemed that the attackers were following the trenches. So, I crawled out and came across the first bloodied victim. There was actually blood everywhere on my way. There was screaming everywhere. I got down on my stomach under a bush, until later in the afternoon, hiding.”

“There were few remaining men afterwards in the town. Seeing the bodies arrive on motorized carts from the massacre site was the most horrible thing I’d ever seen in my life. Neither women nor children had tears to shed. We were more than shocked. How can you cry if there are no tears to shed?”

“We the survivors are no longer normal. The problem is beyond us all. The massacre started in front of me. The very first shots were fired right in front of me. I was one of the people who picked up the bodies and buried them. I see my late friends when I’m asleep,” he said, adding that the initial reports of 300 dead were too low. “Anyone who denies it, should come and see me.”

The assault led to angry protests in which Burkina Faso’s junta leader, captain Ibrahim Traore, who seized power in the second of two successive military coups in 2022, was derided as “IB Captain Zero” for endorsing the construction of the trenches by civilians. The French report said their construction had been part of a plan by the Minister of Civil Service in which each settlement “must organize itself and have its own response plan to an attack.”

Burkina Faso’s 2022 coups came amid frustrations over the authorities’ inability to quash recurring jihadist violence, despite intensive French military assistance, which has claimed thousands of lives for almost a decade. But that violence has worsened under Traore, according to experts and human rights watchdogs.

Though successful at first, by 2014, France’s military operations in the region were met with growing anti-French sentiment. France broadened its counterterrorism presence but was unable to contain the ever-expanding armed groups who threatened civilians. As a result, local populations became wary of the former colonial power.

Traore has made only one public appearance since the massacre, and the assessment – penned in late August – questions his state of mind and fitness for office. “We see there all the powerlessness of the authorities to provide a serious and credible response to the terrorist threat,” the report reads.

Russian mercenaries on back foot as violence spreads

Meanwhile, Russian mercenaries who arrived in Burkina Faso almost a year ago have failed to bring calm to the country and are at least partially being pulled out to help Moscow in its war against Ukraine, the assessment adds. Increased security in the capital Ouagadougou around key buildings may be linked to the withdrawal of much of the 100-strong Wagner mercenary group’s “Bear” unit, charged with Traore’s personal protection, says the report. The mercenary group has been under new management since the death of Wagner founder Yevgeny Prigozhin in a plane crash last year, but Wagner is still colloquially referred to by its old name in the Sahel.

The report suggests the unit was reassigned to fend off Ukraine’s invasion of the Russian border regions and may be replaced with less capable Russian servicemen.

Criticism of the army, voiced by relatives of the dead and survivors from Barsalogho, who maintain the military fled the assault, has been amplified by recent accusations of cannibalism by Burkina Faso soldiers, the report adds. It cites videos posted publicly on social media that appear to show soldiers from the Rapid Intervention Battalion 15 (BIR-15) eating parts of dead jihadists.

The report adds: “The general staff of the Burkina Faso armies published a press release on July 24, 2024, in which it ‘condemns these macabre acts’ and ‘reassures that measures will be taken to formally identify the origin of these images as well as their authors.’” It assesses the incident as another sign of discipline in the army deteriorating since the coup two years ago that put Traore in power and led to the French departure.

The French security assessment adds the violence in Burkina Faso has begun to spill over into at least one of its peaceful southern neighbors, citing an attack inside Togo from a Burkina Faso border town, Kompienga, on July 20, seizing a Togolese army camp, killing at least 12 soldiers and looting weapons. “Rumors indicate the creation of a new GSIM Wilaya for Togo,” the report adds, referring to a new al Qaeda affiliate for the country, “fueled by terrorists from the North.”

“Barsalogho is proof that Burkina Faso is teetering on the edge because the terrorists have such a hold on the country. Six hundred people have died, and that’s terrible, but what’s worse is that it’s as if it never happened, because the killers continue to roam free with no fear of retribution,” according to the assessment.

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A Singapore court charged a property billionaire on Friday with obstructing justice and abetting offenses by a disgraced ex-transport minister jailed a day earlier in the city-state’s high-profile government graft case.

Ong Beng Seng, the 78-year-old owner of Hotel Properties Ltd and the rights holder to the Singapore Grand Prix Formula One race, is accused of giving high-value gifts to ex-minister S. Iswaran, who on Thursday became the first former cabinet member to be jailed in Singapore.

The case has been the subject of major intrigue in Singapore, a wealthy financial hub that offers ministers salaries of more than S$1 million dollars ($771,247) to deter graft and prides itself on its reputation for clean governance.

Iswaran was imprisoned for 12 months for obstructing justice and improperly receiving gifts as a public servant, with Ong a central part of the prosecution’s case.

Ong has so far issued no comment on the accusations. Channel NewsAsia said he entered no plea on Friday and did not indicate how he would plead.

Ong’s firm, Singapore-listed Hotel Properties, requested a trading halt early on Friday following Thursday’s announcement that he would be charged.

During Iswaran’s trial, prosecutors said the ex-minister received gifts worth more than $300,000, including tickets to English Premier League soccer matches, the F1 Grand Prix, London musicals and a ride on a private jet to Doha.

Ong was charged with one count of abetting Iswaran’s receiving of valuables and one count of obstruction of justice, according to the charge sheet.

During Iswaran’s trial, the court heard how the minister had asked Ong to bill him for the Doha trip on the private jet, after he discovered the anti-graft agency had seized the flight manifest for an unrelated case.

Justice Vincent Hoong, who presided over Iswaran’s case, said on Thursday the minister’s request to be billed was a deliberate move to obstruct the course of justice and try to evade investigation.

Channel NewsAsia said Ong’s court hearing was adjourned until pre-trial proceedings on November 15.

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