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International Graphite Limited (ASX: IG6)(ASX: IG6)is pleased to announce outstanding results from bench scale micronising, spheroidising and purification testwork on graphite concentrates generated from the Company’s Springdale Graphite Project, in Western Australia.

HIGHLIGHTSFurther bench scale micronising, spheroidising and purification testwork completed on Springdale Graphite Project concentrates.A two product spherical graphite – SpG11 and SpG18 – yield of up to 76% achieved.Purification testwork achieves 99.99% – well above highest purity anode material product specification of 99.97%.

The testing, conducted by industry specialists ProGraphite GmbH, used 23kg of 95.3% loss on ignition (LOI) grade Springdale graphite concentrates to produce purified spheroidised graphite product.

Micronising and spheroidising (milling) testwork investigated several process circuit options resulting in two spheroidised graphite products – SpG18 and SpG11 – and a yield of up to 76% at a product size of D50 18µm (micron) and D50 11µm. The properties of both the SpG18 and SpG11 products exceeded the quality and physical specifications typically required for active anode materials.

The SpG samples were purified using an acid-based purification process. Purification testwork achieved 99.99% LOI grade, well exceeding the published industry benchmarks for anode materials. Figure 1 shows a Scanning Electron Microscope (SEM) typical image of the purified SpG18 (D50 18µm) sample.

International Graphite Technical Director David Pass said, “This testing was designed to optimise the milling processes with the goal of improving product output. The results are highly encouraging and show there is significant potential to increase yield well beyond the projections in our original scoping study1.

“The purification results have also reinforced original findings that Springdale graphite can achieve the purity standards industry typically requires for the production of active anode materials.”

Managing Director and CEO Andrew Worland said, “These results are another significant milestone in the development our mine-to-market production strategy and further evidence that our 100% owned Springdale Mineral Resource is a vital asset perfectly suited to the high growth lithium-ion battery anode sector.

“The unique operating expertise and intellectual property we are gaining from our R&D processing facilities in Collie is making an invaluable contribution to the development of our downstream flowsheet. This, coupled with further testwork, will significantly advance our battery anode feasibility studies.”

Figure1 SEM Image of SpG18 graphite sample

The purified SpG sample material will be used in future coating testwork and to advance process flowsheet development and equipment selection for the production of active anode material for batteries.

Click here for the full ASX Release

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Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’) is pleased to announce it has entered into an Letter of Intent (the ‘LOI’) with an arm’s length vendor to acquire a 100% interest in three separate packages of mineral claims directly contiguous to Quebec Innovative Materials Corp. (‘QIMC’) recent Hydrogen sample discovery of over 1,000 ppm, announced on September 4th 2024. These mineral claim blocks are located within the Timiskaming Graben formation approximately 15 km north of the town of Ville Marie and accessible by road (Route 101).

These claim blocks consist of three separate packages, covering 19 cells and totaling over 1,100 hectares to the North, Northeast and the Southwest of QIMC’s Hydrogen sample discoveries. These claim blocks exhibit close proximity and similar geological setting to that of Quebec Innovative Materials Corp.’s recent hydrogen-in-soil discovery, with similar geology to the recent large natural hydrogen Ramsey Project discovery by Gold Hydrogen Ltd. in South Australia.

Red Metal Resources President and CEO, Caitlin Jeffs stated, ‘We are excited to add these highly prospective mineral claim blocks to our portfolio of clean energy exploration projects and establish a land position near QIMC’s recent hydrogen discovery. The similar geology and proximity, highlights the potential for new discoveries of hydrogen with its ideal location and infrastructure, this new property represents an exciting opportunity to expand our clean energy portfolio as we continue to advance our Carrizal Copper/Gold property in Cordillera, Chile.’

Red Metal Resources intends to begin initial exploration and field work that could include:

Gas sampling from the soil (soil gas survey) and conducting underwater surveys in Lake Timiskaming.These surveys can be used, among other things, to locate degassing zones associated with faults in the Timiskaming rift.Geophysical surveys could be carried out to detect deep structures in the rock. Drone surveys can also be realized to provide useful remote sensing data for hydrogen and helium exploration.Fieldwork can be carried out mainly in the Municipality of St-Bruno-de-Guigues sector.

The Company is currently reviewing available data and formulating an exploration plan for the new claims with further details to be provided in due course. Once due diligence is completed and all claim applications have been approved, the Company will enter into a definitive claim purchase agreement.

This news release may contain information about adjacent properties on which the Company has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the properties subject to the LOI.

Figure 1. Claim Location Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/226644_61dfc13d44c7abd5_001full.jpg

Figure 2. Map of the Timiskaming Graben (Outlined in Red)
https://en.wikipedia.org/wiki/Timiskaming_Graben

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/226644_61dfc13d44c7abd5_002full.jpg

The Timiskaming Graben is a 400 km (250 mi) long and 50 km (31 mi) wide depression straddling the Ontario-Quebec border in Eastern Canada. It is a northwesterly extension of the Ottawa-Bonnechere Graben, a failed arm of the Saint Lawrence rift system which is related to the opening of the Iapetus Ocean.

Formation of the Timiskaming Graben corresponded with collapse of the regional crust along the Quinze Dam and Cross Lake faults possibly as early as 2.4 billion years ago. It was then reactivated during periods of crustal extension related to the breakups of supercontinents Rodinia and Pangaea and during compression related to the various orogenies that formed the Appalachian Mountains.

The Timiskaming Graben is now partially filled by Lake Timiskaming, a 100 km (62 mi) long successor to the much larger glacial Lake Barlow which drained at the end of the last glacial period about 8,000 years ago. The Timiskaming Graben is a seismically active structure in the Western Quebec Seismic Zone. Reactivation of faults has resulted in earthquakes, such as the 1935 Timiskaming earthquake.

Terms of the LOI

The LOI contemplates up to two weeks’ due diligence period with a non-refundable deposit of $5,000 plus GST and the issuance of 1,600,000 common shares of the Company.

Qualified Person

The technical content of this news release has been reviewed and approved by Mitchell Lavery, P.Geo.(QC), who is a Qualified Person (‘QP’) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing copper-cobalt-gold assets in Chile. The Company’s projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the CSE under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF, and on Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com.

Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com

Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226644

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(TheNewswire)

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

Vancouver, BC TheNewswire – October 14, 2024 Heritage Mining Ltd. (CSE: HML, FRA: Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce that its previously announced non-brokered private placement on September 23, 2024, is now fully allocated.

The offering was met with robust demand, including strong lead orders from management, the board of directors, existing institutions and high net-worth individuals, further demonstrating confidence in the Company’s vision and strategic direction.

In addition to the support from existing stakeholders, Heritage is excited to welcome new institutional support, including a significant investment from Altitude Capital, further strengthening the Company’s shareholder base and advancing its exploration and development goals.

Michael Wekerle, Managing Director of Altitude Capital, commented, ‘Heritage Mining’s portfolio in Northwestern Ontario holds exceptional geological potential, and this financing reflects the confidence we have in the team and their ability to unlock significant mineral value. With the strong backing of key stakeholders and new institutional support, Heritage is well-positioned to capitalize on its upcoming exploration programs.’

Peter Schloo, President, CEO, and Director of Heritage Mining, added, ‘We are thrilled to announce that the private placement has been fully allocated, with substantial participation from management, board members, and our loyal investors. We are particularly excited to welcome new institutional partners like Altitude Capital, whose involvement underscores the strength of our projects and our future potential. The commitment of our team and supporters enables us to continue our exploration work and pursue the discovery of high-grade gold, silver, and copper in our Drayton-Black Lake and Contact Bay projects.’

The funds raised from this private placement will be used for exploration activities and general working capital, positioning the Company to continue executing its business strategy.

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.

Copyright (c) 2024 TheNewswire – All rights reserved.

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French researcher Laurent Vinatier was found guilty by a Moscow court on Monday of breaking Russia’s “foreign agent” laws and sentenced to three years in prison.

Vinatier, 48, is one of several Westerners to have been charged under Russian security laws at a time of tense confrontation between Moscow and the West over the war in Ukraine. The judge ignored a plea by the defense to fine him instead of jailing him.

In a speech to the court before he was sentenced, Vinatier said he loved Russia, apologised for breaking the law, and even recited a verse by Russian poet Alexander Pushkin.

Wearing a blue open-necked shirt and jeans, he stood behind metal bars and listened intently as the judge rattled off the verdict. He was blinking rapidly but did not show any visible emotion.

A longtime researcher on the former Soviet Union, he was arrested in June by the FSB security service and accused of failing to register as a foreign agent in Russia while collecting military information of value to foreign intelligence services.

The offence carries a sentence of up to five years, but prosecutors requested a term of three years and three months in recognition of the fact that Vinatier had pleaded guilty.

State news agency RIA said the defence planned to appeal.

France says Vinatier has been arbitrarily detained and has called on Monday for his immediate release. President Emmanuel Macron has denied that Vinatier worked for the French state and has described his arrest as part of a misinformation campaign by Moscow.

“The legislation on ‘foreign agents’ contributes to a systematic violation of fundamental freedoms in Russia, such as freedom of association, freedom of opinion and freedom of expression,” France’s foreign ministry said. “French authorities remain fully mobilized to provide assistance (to Vinatier),” the ministry added.

Vinatier is an employee of the Centre for Humanitarian Dialogue (HD), a Swiss-based conflict mediation organisation. Fellow academics who know him have told Reuters he is a respected scholar involved in legitimate research.

‘A Russian life’

Independent news outlet Mediazona quoted Vinatier as asking the court for forgiveness.

“I am not afraid to say that I fell in love with Russia. This is confirmed by my personal life – my wife is Russian, my friends are Russian. I lived a Russian life and still, even the last four months, I have been living in a Russian atmosphere,” he said, referring to the period since his arrest.

He asked for a “fair and lenient” decision, saying he had children and elderly parents who depended on him, and recited by heart a verse from Pushkin’s poem “If Life Deceives You”.

Under Russian law, people are obliged to contact the justice ministry and register as foreign agents if they are involved in political activity or are collecting military information while receiving financial or other help from abroad.

The FSB said in July that Vinatier had tried to use his numerous contacts with political scientists, sociologists, economists, military experts and government officials to collect military details “that could be used by foreign intelligence services to the detriment” of Russia’s security.

In a statement following his arrest, his employer HD said its staff work globally and “routinely meet with a wide range of officials, experts and other parties with the aim of advancing efforts to prevent, mitigate and resolve armed conflict”.

Russia says relations with France have hit a low since French authorities placed the Russian founder of the Telegram messaging app, Pavel Durov, under formal investigation in August in connection with the use of the platform for crimes such as fraud, money laundering and child pornography. Durov’s lawyer has called the proceedings against him absurd.

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Both parents were wearing stickers with “374” written on them to mark the number of days that have passed since the hostages were taken captive to Gaza by Hamas.

“I was certain that we were going to see a global demand for action and I’m still waiting for it. The world failed us … the world failed so many of these hostages, including Hersh,” Polin said.

Goldberg-Polin was one of six hostages whose bodies were discovered by the Israeli military in tunnels under Gaza shortly after they had been killed by Hamas.

Polin said when he and his wife had voiced concerns that Hamas might execute the hostages as military pressure mounted, Israeli officials had reassured them such an outcome was highly unlikely.

Along with two of the other murdered hostages, Goldberg-Polin had been expected to be released during the first phase of an eventual ceasefire agreement. The hostage deaths led to widespread anger and nationwide protests in Israel over the failure by Benjamin Netanyahu’s government to strike a hostages-for-ceasefire deal.

“We worried a little bit about that all along. Within all our optimism that we were going to get Hersh home, there was some doubt in the back of our minds that it could end this way,” he said. “I worry that if we don’t save others soon, there are going to be other families getting the horrific news that we’ve received.”

Goldberg urged “people in power” to “go save the 101” hostages remaining in Gaza. “There are thousands and thousands of people suffering in Gaza. Some of them have lived there for many years and some of them have lived there for 374 days and it’s time to bring them home,” she told Cooper.

Goldberg-Polin’s parents have been among the most vocal of the hostage families pushing Netanyahu to seek a deal securing their relatives’ return. They’ve also regularly met top US officials in Washington to press the case of the hostages.

Goldberg-Polin was among the hundreds of young people who attended the Nova music festival in southern Israel on October 7, the day Hamas launched its surprise attacks in which more than 1,200 people were killed and about 250 taken hostage.

He and some of his friends hid in a bomb shelter but became trapped by militants who began to lob grenades into the bunker. Goldberg-Polin helped to throw some of those grenades back out of the shelter before his left arm was blown off from the elbow down, according to a firsthand account from one of his friends.

Footage taken on the day of that attack showed Goldberg-Polin being marched out of the shelter – with his hand blown off and bone protruding from his wrist – and thrown along with four others into the back of a truck.

His parents told Cooper that Goldberg-Polin and the others had later been held in a tunnel 65 feet (20 meters) underground that was just 2 feet wide and 5-and-a-half feet high – too small for the 6ft tall Goldberg-Polin to stand in. They were also severely malnourished. By the time of his death, Goldberg-Polin weighed just 115 pounds (52 kilograms), his father said.

They also shared details of his final moments, saying it appeared he had used his remaining hand in an attempt to shield himself.

“It seems that when he was being shot he had put up as a defense both of his arms, so a bullet went through his right hand through his shoulder actually then into his neck then out the side of his head,” Goldberg said.

“Supposedly he was standing crouched up … they think that then he dropped to his knees and then he was shot with the gun on his head, the back of his head … and he was found on his knees two days later.”

Still possible to ‘choose life’

Receiving the news on August 31 that their son was among the six dead hostages found by the Israeli military was “a crushing blow and we are still grappling with it,” Polin said.

He said the couple had spent “so much time beyond our public campaign in our apartment with our two daughters literally planning what it was going to be when we brought him home. What would the family look like? What would the celebration look like?”

“It’s crushing to spend those days so optimistic, so hopeful, so focused to have it end like this,” Polin said, adding they had wondered if their hope had worked against them.

“Maybe our optimism was something that drove influencers to lack urgency, to feel like, he’s going to come home at some point somehow and … maybe it was too infectious,” Polin said.

Goldberg added: “I’m just trying to get through each day. We are in the first centimeter in a million-mile journey of how do we get through the rest of our lives yearning and missing our son.”

Born in Oakland, California, Goldberg-Polin immigrated to Israel with his family at age 7. An elder brother to two sisters, he was a “happy-go-lucky, laid back, good humored, respectful and curious person” who loved soccer and music, according to his mother.

She later said the family was determined to “live” and “not just exist” following his death.

“I want to live the life that Hersh should’ve lived and that’s a life filled with love and happiness and light. We will always have this deep void but I think that it’s still possible to have that void and to be happy and choose life.”

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China flew a record number of fighter jets and other warplanes around Taiwan during its large-scale military drills on Monday, the island’s Defense Ministry said.

The one-day military exercises, which involved Chinese fighter jets, drones, warships and Coast Guard vessels simulating a blockade of the self-governing island, was condemned by Taiwan as an “unreasonable provocation” and is the latest in a series of recent war games conducted by Beijing against its neighbor.

According to the ministry, 153 Chinese aircraft were detected around Taiwan in a 25-hour period between Monday and Tuesday.

Of those, 111 warplanes crossed the Median Line – an informal demarcation point in the Taiwan Strait that Beijing does not recognize, but until recent years had largely respected – and entered Taiwan’s air defense identification zone (ADIZ).

An ADIZ is unilaterally imposed and distinct from sovereign airspace, which is defined under international law as extending 12 nautical miles from a territory’s shoreline. No Chinese warplanes were spotted entering Taiwan’s sovereign airspace, a step that would be considered a major escalation.

While not directly comparable, the spike in Chinese warplanes on Monday superseded the previous daily record in September 2023, when 103 Chinese military aircraft were detected operating around Taiwan in a 24-hour span.

In response to the latest incursions, Taiwan’s Defense Ministry said it employed its own aircraft, navy vessels and coastal missile systems to monitor the activity.

China said its military drills were intended as a “stern waning” to independence forces in Taiwan and came days after the island’s new president, Lai Ching-te, gave a speech vowing to protect Taiwan’s sovereignty in the face of challenges from Beijing.

Taiwan “is not subordinate” to China, Lai said on Taiwan’s National Day Thursday, and Beijing “does not have the right to represent Taiwan.”

China’s military exercises around Taiwan, a democracy of 24 million people, have become increasingly frequent in recent years and have tended to coincide with events that have angered Beijing.

Those drills allow China to monitor Taiwan’s responses and also tax the island’s own military resources including its aging and outgunned fleet of fighter jets.

Analysts said Monday’s drills were part of a general strategy of both keeping Taiwan under pressure and normalizing regular war games.

The ruling Chinese Communist Party views Taiwan as part of its territory, despite having never controlled it. It has long vowed that the island must be “unified” with the Chinese mainland, by force if necessary, while the Taiwanese authorities strongly reject China’s territorial claims over it. Many people on the island view themselves as distinctly Taiwanese.

The People’s Liberation Army said the drills were a joint operation of the army, navy, air force and rocket force, and were conducted in the Taiwan Strait – a narrow body of water separating the island from mainland China – as well as encircling Taiwan.

A map released by the Eastern Theater Command showed drills taking place in nine areas surrounding Taiwan as well as its outlying islands that are closer to mainland China.

Taiwan’s Defense Ministry added that 14 warships were detected around Taiwan over the same 25-hour period. Among them was the Chinese aircraft carrier Liaoning, which moved into a location to the east of the island.

During the military exercise, none of China’s naval vessels successfully entered Taiwan’s contiguous zone, which is defined under international law as extending 24 nautical miles from a territory’s shoreline, the ministry said in a press conference on Monday evening.

Analysts, however, said the drills were “highly dangerous,” and because they are “approaching, closer and closer,” will “leave us [with] a very short response time.”

The Chinese military said it kicked off the Joint Sword 2024-B drills at 5 a.m. local time Monday. By 6 p.m. an updated statement announced that it had “successfully” completed the exercises.

According to a flight map provided by Taiwan’s Defense Ministry, Chinese jets were detected around the island after China’s announcement that it had wrapped up its war games.

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North Korea blew up parts of two major roads connected to the southern part of the peninsula on Tuesday, South Korean authorities said, after Pyongyang warned it would take steps to completely cut off its territory from the South.

Parts of the Gyeongui line on the West coast and Donghae line on the East coast, two major road and railway links connecting the North and South, were destroyed by explosives at around 12 p.m. Korean local time, according to Seoul’s Joint Chiefs of Staff (JCS).

In practical terms, the destruction of the travel routes makes little difference – the two Koreas remain divided by one of the world’s most heavily fortified borders and the roads were not in use for years. But its symbolism comes at a time of particularly fiery rhetoric between the two Korean leaders.

Video shared by the South Korean Defense Ministry showed several explosions on roads on the north side of the military demarcation line that separates two Koreas. Heavy machinery including trucks and excavators were then deployed to at least one of the roads, which was partially blocked by a black barrier, according to the video. The JCS said the North was conducting “additional works with heavy machinery” at the scene, but didn’t specify further.

In response to the explosions, the South Korean military fired artillery within the area south of the military demarcation line and is closely monitoring the North Korean military’s movements, maintaining “fully readiness posture under cooperation with the US,” the JCS said.

On Monday, South Korea said it had detected signs that North Korea was preparing to demolish roads that connect the two countries, warning that the explosions could occur imminently. Its military had implemented countermeasures, the Defense Ministry said, but did not provide specifics.

A spokesman for the JCS, Lee Sung-joon, said the South Korean military detected people working behind barriers installed on the roads on the North’s side of the border.

The blasts come a few days after North Korea accused South Korea of flying propaganda-filled drones over its capital Pyongyang and threatened “retaliation,” in the latest tit-for-tat exchange following months of Pyongyang sending trash-laden balloons to the South.

Last week, North Korea’s army warned that it would take the “substantial military step” of completely cutting off its territory from South Korea, after North Korean leader Kim Jong Un scrapped a longstanding policy of seeking peaceful reunification with the South earlier this year.

North and South Korea have been separated since the Korean War ended in 1953 with an armistice agreement. The two sides are still technically at war, but both governments had long sought the goal of one day reunifying.

In January, Kim said North Korea would no longer seek reconciliation and reunification with South Korea, calling inter-Korean relations “a relationship between two hostile countries and two belligerents at war,” KCNA reported at the time.

An ‘acute military situation’

In a statement carried by state-run news agency KCNA on October 9, the general staff of the Korean People’s Army (KPA) declared that remaining roads and railways connected to the South would be completely cut, blocking access along the border.

“The acute military situation prevailing on the Korean peninsula requires the armed forces of the DPRK to take a more resolute and stronger measure in order to more creditably defend the national security,” he said in the KCNA notice that referred to North Korea by the initials of its official name, the Democratic People’s Republic of Korea.

The general staff said the measures were a response to recent “war exercises” held in South Korea and visits by what it claims were US strategic nuclear assets in the region. Over the past year, a US aircraft carrier, amphibious assault ships, long-range bombers and submarines have visited South Korea, drawing angry rebukes from Pyongyang.

Since January, Pyongyang has fortified its border defenses, laying land mines, building anti-tank traps and removing railway infrastructure, according to the South Korean military.

The North and South Korean leaders have also ramped up the use of fiery rhetoric.

Earlier this month, Kim threatened to use nuclear weapons to destroy South Korea if attacked, after South Korea’s president warned that if the North used nuclear weapons it would “face the end of its regime.”

The comments came as North Korea appears to have intensified its nuclear production efforts and strengthened ties with Russia, deepening widespread concern in the West over the isolated nation’s direction.

Leif-Eric Easley, a professor at Ewha Womans University in Seoul, suggests North Korea’s move to cut its territory off from the South could be a way for Kim to “shift blame for its economic failures and legitimize its costly buildup of missiles and nuclear weapons” by exaggerating external threats.

“Kim Jong Un wants domestic and international audiences to believe he is acting out of military strength, but he may actually be motivated by political weakness,” he said. “North Korea’s threats, both real and rhetorical, reflect the regime survival strategy of a hereditary dictatorship.”

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She appeared to be a beautiful woman and in the minds of men across Asia, the video calls they spoke on confirmed their newfound love was real.

But Hong Kong police say the men had fallen prey to a romance scam that used deepfake artificial intelligence to lure its victims into parting with more than $46 million.

In a news conference Monday, police in the Asian financial hub announced the arrests of more than two dozen members of the alleged scam ring, which they say targeted men from Taiwan to Singapore and as far away as India.

Police said the 21 men and six women were held on charges including conspiracy to defraud following a raid on the gang’s alleged operating center at a 4,000-square-foot industrial unit in the city’s Hung Hom district.

Aged 21 to 34, the suspects were mostly well-educated, with many of them digital media and technology graduates allegedly recruited by the gang after attending local universities, police said. The suspects allegedly worked with IT specialists overseas to build a fake cryptocurrency platform, where the victims were coerced to make investments, police added.

Deepfakes are comprised of realistic fake video, audio and other content created with the help of AI. The technology is being increasingly adopted by a variety of bad actors, from people wishing to spread convincing disinformation to online scammers.

“Pig-butchering” scams – named for the “fattening up” of victims before taking everything they have – are a multibillion-dollar illicit industry in which the con artists take on false online identities and spend months grooming their targets to get them to invest on bogus crypto sites. Deepfakes are one more weapon in their arsenal to try and convince unsuspecting marks to part with money.

Typically run by Chinese gangs out of Southeast Asia, it is unclear how widespread the crime is in Hong Kong, a wealthy city where police have long campaigned to raise awareness of telephone scams following several high-profile cases in which the victims –often elderly people – reported staggeringly high losses.

But increasingly realistic deepfake technology has raised the stakes and put authorities on high alert.

Earlier this year, a British multinational design and engineering company in Hong Kong lost $25 million to fraudsters after an employee was duped by scammers using deepfake tech to pose as its chief financial officer and other staff.

According to Hong Kong police, the romance gang’s deepfake scam typically began with a text message, in which the sender – posing as an attractive woman – said they had mistakenly added the wrong number.

The alleged scammers then struck up online romances with their victims, fostering a sense of intimacy until they began planning a future together.

The group was highly organized, divided into departments responsible for different stages of the scam, police said. They even used a training manual to teach members how to carry out the con by taking advantage of “the victim’s sincerity and emotion,” said police, who posted parts of the manual on Facebook.

Among the steps: learning about the victim’s worldview to create a “tailor-made” persona; inventing difficulties such as failed relationships or businesses to “deepen the other person’s trust”; and finally, painting a “beautiful vision” including travel plans together to push the victim into investing.

The scam ran for about a year before police received intelligence about it around August, police said. More than 100 cell phones, the equivalent of nearly $26,000 in cash and a number of luxury watches were recovered in the raid, police said.

This post appeared first on cnn.com

Super Micro Computer (SMCI) Stocks Gain 9% Among the Turbulent Market Conditions  

Super Micro Computer (SMCI) shares have had a difficult time this week, as they fell by 1.7% on Thursday. However, they managed to gain 9% the day before. Investors are divided between the excitement around the prosperous financials of the company and the possible regulatory problems that the company might face. The stock, which has been struggling since the late August report by Hindenburg Research. The latter accused the company of suspicious business practices, and an ongoing Department of Justice investigation also took a toll. Consequently, the shares have been hovering below $50 per share.

However, these obstacles, in spite of the company’s very prosperous week, did not prevent them from posting excellent profits earlier this week. The company’s stock price reached a new peak on Monday, having risen by 16% over the announcement of the first high demand for AI servers. The servers, which are being manufactured by Nvidia (NVDA), are key for the AI data centers’ operations.

According to the company, they deliver more than 100,000 Nvidia GPUs to customers every quarter, supporting the biggest AI projects on the global market with their capacity.

Analysts Are Positive About SMCI Despite The Price Fluctuations 

However, the stock declined by 5% on Tuesday as the initial euphoria over the data diminished while the general concerns about the company’s regulation loomed. As pointed out by the CEO of Futurum Group, Daniel Newman, the fluctuations in the stock market showed the internal struggle between Super Micro’s AI prospects and the legal problems it faces. Nevertheless, even with the given circumstances, analysts retain their positive view and are projecting a target price of $66 over the next year.

Super Micro’s new financial report was inconsistent. Even though the company was able to generate about $5.3 billion, it fell short of the market’s demand; the given sales figures were 143% up since last year. Thus, the profit amounted to $0.63, which was well below the projection of $0.83.

Super Micro Computer (SMCI) Stock Chart Analysis

Today, Super Micro Computer, Inc. (SMCI) is trading near $46.46, which has increased by 0.41%  by trading up to now. The stock is moving in a tight band, having a low of $46.28  and a high of $46.58  during the day. It seems that the market is quite stable today, with no noticeable pulls in volatility.

The past few days have seen some noticeable market activity, notably the crash of the cryptocurrency on October 8. The latter event saw the price fall to $44.50, causing the deceptive pullback to the touch of $47.00 on October 9  before the mild reversal. 

The market has a moderate volume of 260.24 K shares changing hands today, which suggests that the investors’ interest is steady, but there is no one-sided victory in trading. The level of $46.00, which we are closely monitoring, may become a supportive level for the stock.

Going forward, achieving SMCI to reach beyond the threshold of $47.00 hails a possibility for a wholesome rally. Conversely, a downfall beneath the cost of $46.00 would be a trigger for another lower support level of around $45.00. The situation is such that the AI demand itself, while developing optimism and regulation risk through the inevitable sentiment deterioration, also underscores the unprecedented journey here. Be mindful of the price limits for likely investment or disinvestment chances.

ProShares Ultra Bloomberg Crude Oil ETF (UCO) Chart Analysis

Looking at the 15-minute chart for ProShares Ultra Bloomberg Crude Oil (UCO) from October 8 to 11, we can see some interesting price action. The stock started around $29.70 on October 8, but we noticed significant volatility early on, with the price dropping below $28.50 by mid-day. A substantial bounce back in buying activity soon fallowed this  fall. It was a beautiful sign of the quality of the market and the performance of each buyer.

On October 9, Universal Corporation of Oklahoma traded just above $29, moving in a tight range. However, come October 10, it made a distinct uptrend, moving above the threshold of $29.50 and reaching its peak at $29.70. The rally might point to a more optimistic perspective.  Surging crude oil costs or mounting market fears that have to do with oil supply enhances such mood on the markets. 

As of early October 11, UCO is at almost $29.67 still. Trade in the stocks was quite low, only 6.7K shares were traded on a day, and this might be the reason why the traders are currently indecisive about the stock. On the other hand, this might be an opportunity to purchase oil stocks – only if it results in consultancy or shifts in ideology.

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Uber Surges 5% after  Tesla’s Delay Signals

Uber Technologies (NYSE: UBER) saw its shares move up 5% in the premarket on Friday after Tesla’s Robotaxi event, which is below par with investors’ expectations. The financial company Jefferies, through its analysts, has described Tesla’s plans of having a self-driving taxi, telling the story in a positive light for Uber.

Tesla (NASDAQ: TSLA) has recently presented its brand new “Cybercab” and is also going to run the full self-driving hardware on Model 3 and Model Y vehicles by the year 2025. Yet, the authentic rollout of Cybercab, the Tesla robotaxi, should be in 2027. Uber, the autonomous vehicle (AV) market leader, has been given a prolonged timeline to exploit it to maximize its advantages. That is good news, especially for the near future.

Uber’s key position in the strategy is certainly well supported by its capability to aid AV developers with fleet management, pricing strategies, and local regulations. Citi analysts second this optimism, by indicating Tesla’s explanation of their long-term vision as one of the reasons why  market participants gave an expression of confidence in Uber’s stock.

Moreover, Uber has other links with other firms, for example, its cooperation with Waymo in places like Austin and Atlanta is a big advantage in the autonomous driving race. These alliances will also give the company an additional tailwind when scaling its operations globally.

Because it has such a large network of drivers and millions of users per month (MAPCs) who access the platform, Uber will be in a favourable position to benefit from the progressing move to self-driving cars. That’s why the investors are extremely optimistic about it.

Uber Technologies (NYSE: UBER) Stock Analysis

At Uber Technologies, Inc. (NYSE: UBER), we’ve seen a positive momentum with the stock now trading at $ 77.89, that is 0.59% higher (or +$0.46). From a quick overview of the 15-minute chart, it’s noticeable that the stock has been quite steady in the last few sessions by finding backing around the $77.00 level and testing the $78.00 level.

Firstly, on October 8th, the stock price fell to its lowest point, $75.00, but it soon gained a lot of buyers. Since then, Uber has been moving in a narrow range from $77.00 to $78.00. In the session today, there was an abnormal increase in volume as 179.16K share turnover occurred, so the stock is close to the 78.00 resistance level, indicating a high interest. This rise in volume, alongside the current price action, signals that a breakout above $78.00 could be on the horizon. If Uber clears this level with continued strong buying, it may push higher towards the $80.00 mark. However, if the stock struggles to break $78.00, we could see some consolidation or a pullback to around $76.50.

We think the stock can become a good deal for buying if Uber climbs over $78.00 due to high volume. For a more conservative investment strategy, buying a stock only after it goes down to $76.50 support may be a wiser decision.

Hycroft Mining Holding Corporation (HYMC) Stock Chart Analysis

So, today, we saw a little improvement with Hycroft Mining Holding Corporation, whose (HYMC) stock market moved up by 0.40% and closed at $2.48. It opened at $2.47 and hit the high of $2.48, besides the low of $2.47, with a trading volume of 2.47K shares. One of the interesting features of the week’s trading activity is that, although it has been a downer, there has been a small recovery.

Earlier this week, HYMC’s share price fell from over $2.60 to under $2.40. Therefore this small gain might be a symbol of some stability. On the contrary, the inventory is still limited, which implies that most of us are holding off for a better perspective before it could start increasing its strength above the $2.50 threshold.

At the present time, which sees many stock markets swinging in a big fashion, we should handle HYMC with a lot of care. A lot of selling pressure hit the stocks recently, and while today’s trading seems positive, this might not be enough for the complete recovery. A critical analysis of the situation and studying the volume trend very closely will be important things in what is to come.

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