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Can the S&P 500 Rally Without Tech?

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In this video from StockCharts TV, Julius takes a deep dive into US sector rotation, breaking it down into offensive, defensive and cyclical sectors. He first looks at the relative rotations that are shaping up inside the group, assessing each sector’s price chart in combination with the rotation on the Relative Rotation Graph to get a complete picture. This all culminates with the chart of SPY, which is showing a lot of strength recently. Going forward, the crucial question will be whether SPY can rally further without the participation of technology, the most important sector in the universe.

This video was originally published on November 27, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

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Sarama Completes A$2m Equity Placement and ASX Cleansing Notice

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Sarama Resources Ltd. (‘Sarama’ or the ‘Company’) (ASX:SRR)(TSX-V:SWA) is pleased to report that on 29 November 2024, it closed Tranche 1 of its previously announced A$2m equity placement (the ‘Placement’) (refer to Sarama’s news release dated 21 November 2024

Tranche 1 of the Placement raised aggregate gross proceeds of A$2,000,000 with the Company issuing 66,666,666 Chess Depository Instruments (‘CDIs‘) at an issue price of A$0.03 per CDI. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent a beneficial interest in one common share of the Company. Tranche 2 of the Placement will consist of 16,666,666 free attaching unlisted options (each a ‘Placement Option‘) and 14,000,000 broker options (each a ‘Broker Option‘ and together with the Placement Options, the ‘Options‘), with each Option exercisable at A$0.09 and expiring on 30 November 2028. The issuance of the Options is subject to shareholder approval at a general meeting expected to be held in late January/early February 2025. No funds will be received from Tranche 2.

The Placement was issued to institutional and other sophisticated and professional investors pursuant to the shareholder approval obtained at Sarama’s annual general meeting held on 11 September 2024.

Funds raised from the Placement will be used for exploration activities, general working capital purposes and for general and administration costs. None of the proceeds from the Placement will be used for payments to non-arm’s length parties or persons conducting investor relations activities. A management corporate fee and broker commission of A$120,000 was paid to Ventnor Capital Pty Ltd in connection with the closing of Tranche 1 of the Placement.

Proceeds from the Placement will not be used to fund fees and expenses related to the Company’s damages claim in respect of an investment dispute with Burkina Faso, which is subject to arbitration proceedings. These costs are fully funded via a A$6.7m non-recourse loan facility (refer to Sarama’s news release dated 24 October 2024).

The Placement remains subject to the final approval of the TSX Venture Exchange (‘TSXV‘). The CDIs issued under Tranche 1 of the Placement were not subject to any TSXV hold periods as all subscribers under Tranche 1 of the Placement were located outside of Canada.

Members of Sarama’s Board and Management did not subscribe for any CDIs in the Placement; however, concurrent with the Placement and subject to exchange and shareholder approval, the Company’s executives and non-executive directors intend to receive a portion of their deferred salaries and director fees, in an aggregate amount of approximately A$394,000, in CDIs of the Company (the ‘Compensation Securities‘). In September 2023, the Company’s executives and non-executive directors agreed to suspend the payment of salaries and fees to ensure the Company had sufficient financial resources to work through the period of uncertainty created by the illegal withdrawal of the Company’s rights to the Tankoro 2 exploration permit in Burkina Faso in August 2023. The Company intends to issue the Compensation Securities at the same price as the Placement (however, attaching options will no longer be included).

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

Notice under section 708A(S)(e) of the Corporations Act 2001 (Cth)

The Corporations Act 2001 (Cth) (‘Corporations Act‘) restricts the offer for sale of securities without a disclosure document unless the relevant sale satisfies an exemption set out in section 708 or section 708A of the Corporations Act. ASIC Class Order [CO 14/827] (‘Class Order‘) provides relief so that an offer of CDIs over underlying foreign securities is regulated as an offer of securities under the Corporations Act. The Company seeks to rely on an exemption in section 708A of the Corporations Act (as modified by the Class Order) with respect to any sale of the CDIs.

As required by section 708A(5)(e) of the Corporations Act as modified by the Class Order, the Company gives notice that:

1. The CDIs were issued without disclosure to investors under Part 60.2 of the Corporations Act.
2. The Company, as at the date of this notice, has complied with:

a) the provisions of section 601CK of the Corporations Act as they apply to the Company; and
b) sections 674 and 674A of the Corporations Act.

3. As at the date of this notice, there is no information, for the purposes of section 708A(7) and 708A(8):

a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules;
and
b) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

(i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
(ii) the rights and liabilities attaching to the CDIs.

Where applicable, references in this notice to sections of the Corporations Act are to those sections as modified by the Class Order.

This announcement was authorised by the Board of Sarama.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Company Activities
Andrew Dinning
Sarama Resources Ltd
e: info@saramaresources.com
t: +61 8 9363 7600

CAUTION REGARDING FORWARD LOOKING INFORMATION

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, statements regarding the timing for closing tranche 2 of the Placement, the intended use of proceeds from the Placement, the intention to hold a general meeting and receiving the approval of the TSXV. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties, and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; mineral resources are not mineral reserves, they do not have demonstrated economic viability, and there is no certainty that they can be upgraded to mineral reserves through continued exploration; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents.

There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.

Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

SOURCE:Sarama Resources Ltd.

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com

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Mkango’s Q3 Results Highlight Progress at US, UK Rare Earths Plants

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Canadian rare earths company Mkango Resources (TSXV:MKA) has released its third quarter financial results, spotlighting the progress of its US-based HyProMag USA rare earth recycling project.

HyProMag USA is focused on rare earth magnet recycling and manufacturing in Texas, representing a key component of Mkango’s efforts to meet the growing demand for sustainable rare earth materials. The project is owned by Maginito, Mkango’s 79.4 percent owned joint venture with partner CoTec Holdings (TSXV:CTH,OTCQB:CTHCF).

A feasibility study for the project, released on November 25, revealed a post-tax net present value of US$262 million and a 23 percent internal rate of return at current rare earth prices, demonstrating the project’s economic viability even under conservative market conditions. At forecast market prices, it reported an NPV of US$503 million and an IRR of 31 percent.

The facility is targeting its first revenue generation in the first quarter of 2027, with a notice to proceed expected in mid-2025 following the completion of detailed engineering.

This phase of the project will be supported by CoTec, which is funding the initial engineering work.

On the financial aspect, the company reported a cash balance of US$2 million following a successful capital raise of GBP 1.25 million in early September and subsequent grant funding.

With its current footing, the company is seeking to advance its rare earth magnet recycling and manufacturing operations in the United Kingdom, Germany and the United States, alongside ongoing rare earth exploration and development activities in Malawi and Poland.

In the UK, the company is commissioning its scaled-up rare earths plant at Tyseley Energy Park in Birmingham, which remains on track for completion in April 2025. The facility will use Mkango’s patented Hydrogen Processing of Magnet Scrap (HPMS) technology, developed in partnership with the University of Birmingham, to recycle and manufacture rare earth magnets.

Magnet presses have already been commissioned, and the powder processing plant has been constructed, with infrastructure development underway.

HyProMag GmbH, Mkango’s German subsidiary, is similarly advancing its operations near Pforzheim.

Equipment for the plant, including sintering furnaces, magnet presses and HPMS vessels, has been ordered, with the facility expected to commence production in 2025.

Mkango is also progressing its mining and separation projects in Malawi and Poland, respectively. The advanced Songwe Hill rare earths project project, in particular, represents a critical component of Mkango’s strategy to vertically integrate mining and recycling operations to meet the growing demand for rare earth elements in clean energy technologies.

In July, the company executed a mining development agreement with the government of Malawi for the project. According to the Q3 report, Mkango has now completed strategic review of the Songwe Hill project and the Pulawy separation project.

For its long-term outlook, Mkango continues to prioritize the development of sustainable rare earth recycling and manufacturing to meet accelerating global demand for neodymium, praseodymium, dysprosium, and terbium.

These elements are vital for the manufacture of electric vehicles, wind turbines and other technologies central to the energy transition.

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

This post appeared first on investingnews.com

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Syntheia Enhances Inbound Customer Calls with AI-Powered Virtual Assistants, Positively Impacts Sales and Customer Satisfaction

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Syntheia Corp. (‘Syntheia’ or the ‘Company’) (Syntheia.ai), CSE SYAI, Syntheia, a Canadian leader in conversational AI SaaS, is transforming customer service by delivering an innovative solution that uses natural language processing (NLP) to handle inbound telephone calls with virtual assistants. Since its beta launch in June 2023, Syntheia has processed over 750,000 conversations, bringing new levels of efficiency and engagement to businesses in diverse industries.

Companies like Georgetown Hyundai, Palmieri Furniture, Campio Furniture, and Pay N Go have all embraced Syntheia’s platform, highlighting its positive impact on sales and customer satisfaction.

‘ The success of our customers highlights the potential of AI-driven customer service. Syntheia’s platform was designed for easy setup and adoption. We are pleased to see the measurable impacts on sales and customer loyalty across our clients’ businesses and the value we bring to our customers, ‘ commented Syntheia’s CEO, Tony Di Benedetto.

Customer Testimonials:

‘For over a year at Georgetown Hyundai, Syntheia has managed our inbound calls, providing 24/7 support and ensuring we never miss a call. Syntheia has truly elevated our customer experience, setting new standards in responsiveness and leading to increased sales and customer satisfaction.’ – Connor Attrell, Manager, Georgetown Hyundai.

‘By replacing our outdated telephone platform, Syntheia has enabled Palmieri Furniture to deliver seamless, uninterrupted customer engagement. This has strengthened brand loyalty and boosted sales, and we are happy to continue using Syntheia and would recommend it to any company.’ – Frank Palmieri, Palmieri Furniture.

‘At Campio Furniture, we are thrilled to be using Syntheia, which has enhanced customer engagement and streamlined our sales cycle since deployment. It was a breeze to implement, and we’re excited to be at the forefront of this evolution, generating efficiencies and sales that might have been otherwise missed.’ – Vince Servello, President, Campio Furniture.

‘At Pay N Go, Syntheia provides 24/7 support by interacting with customers in real time. It is helping us understand and meet customer needs more effectively than ever.’ – Lino Lombardo, Pay N Go.

Syntheia has beta-tested with additional customers in multiple vertices, all of whom have been instrumental in refining our platform through real-world use.

We are now, more than ever, excited to bring our solution to market in January 2025, ensuring that businesses can stay responsive and connected to their customers 24/7 like never before.

For more information and to read customer testimonials, visit Syntheia.ai

About Syntheia

Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations. Our SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally

Cautionary Statement

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release include, but are not limited to the expected launch of Syntheia’s platform, the proposed expansion of Syntheia’s services to additional industries, and the platform’s capabilities and functionality and expected results. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.

Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241129788588/en/

For further information, please contact:

Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434

News Provided by Business Wire via QuoteMedia

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: Orosur Surges 78 Percent on Anzá Acquisition

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The S&P/TSX Venture Composite Index (INDEXTSI:JX) increased 1.85 percent on the week to close at 614.26 on Friday (November 29). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 0.75 percent to 25,648.00 and the CSE Composite Index (CSE:CSECOMP) rose 2.49 percent to 141.47.

Statistics Canada released its third-quarter gross domestic product (GDP) data on Friday (November 29). The numbers show a small increase in real GDP of 0.3 percent during the three months ending in September.

On the surface, the increase seems positive, but examining the numbers reveals some cause for concern: per capita GDP actually shrank by 0.4 percent, the sixth consecutive quarterly decline. Additionally, real GDP growth was down from the 0.5 percent increase recorded in the prior two quarters of 2024.

StatsCan also released the more granular September GDP data by industry on Friday. The data for the resource sector indicated a month-over-month contraction of 1.4 percent, the third consecutive decline and the largest one since January.

The oil and gas extraction sector fell by 1.8 percent, attributed to lower output, with oil sands extraction dropping by a significant 2.3 percent. Meanwhile, mining and quarrying increased 0.1 percent, with coal mining gaining 8.7 percent and non-metallic mineral mining edging up 1.5 percent. However, these gains were offset by a 1.6 percent decline in the metal ore mining subsector.

South of the border, the US Bureau of Economic Analysis released figures for October’s personal consumption expenditures index (PCE) on Wednesday (November 27). The data showed that while the PCE remained flat on a monthly basis at 0.2 percent, it nudged up on a yearly basis to 2.3 percent compared to the 2.1 percent registered in September. Additionally, the more volatile core PCE less food and energy also nudged up 2.8 percent from the 2.7 percent increase the month before, indicating some stickiness in inflation.

The PCE is a favored indicator by the US Federal Reserve and its decision-making committee. With yearly PCE up, most analysts predict a 25 basis point cut from the central bank at its next meeting in December, but some are speculating that the Fed may pause its cuts in the new year due to the incoming administration.

On Monday, Donald Trump said he was considering imposing 25 percent tariffs on all goods entering the US from Canada and Mexico and 35 percent on goods from China. If implemented, this move could raise prices on a broad category of goods, triggering new inflationary pressure.

The price of gold lost 2.4 percent this week to US$2,650.33 per ounce on Friday at 4:00 p.m. EST, while silver sank 2.34 percent to US$30.60. Copper was unchanged, ending the week at US$4.14 per pound on the COMEX. More broadly, the S&P GSCI (INDEXSP:SPGSCI) was down 1.4 percent to close the week at 536.20.

While metals hit a road bump, equity markets posted gains this week. The S&P 500 (INDEXSP:INX) moved up 1.48 percent to end Friday at 6,032.39, the Nasdaq-100 (INDEXNASDAQ:NDX) gained 0.93 percent to 20,930.37 and the Dow Jones Industrial Average (INDEXDJX:.DJI) finished the week up 2.37 percent to 44,910.66.

Find out how the five best-performing Canadian mining stocks performed against that backdrop.

Data for this article was retrieved at 3:30 p.m. EST on November 29, 2024, using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Orosur Mining (TSXV:OMI)

Company Profile

Weekly gain: 77.78 percent
Market cap: C$16.49 million
Share price: C$0.08

Orosur Mining is an exploration company focused on the development of early to advanced-stage assets in South America.

Its flagship Anzá gold project in Colombia was a 49/51 joint venture with Minera Monte Aguila (MMA), a corporation owned equally by Newmont (TSX:NGT,NYSE:NEM) and Agnico Eagle Mines (TSX:AEM,NYSE:AEM).

Exploration has revealed multiple gold deposits at the site, which is located 50 kilometers west of Medellin and sits along Colombia’s primary gold belt.

Orosur also owns several early-stage projects, the El Pantano gold-silver project in Argentina, the Lithium West project in Nigeria and the Ariquemes project in Brazil, which is prospective for tin, niobium and rare earths.

Shares in Orosur jumped significantly this week following its announcement on Thursday (November 28) that it had completed its takeover of MMA. The acquisition gives Orosur 100 percent indirect ownership of the Anzá gold project.

Under the terms of the agreement previously announced on September 9, Newmont and Agnico will each receive a 0.75 percent net smelter royalty plus a fixed royalty of US$37.5 per ounce of gold or gold equivalent of the first 200,000 ounces produced.

Additionally, the company said it completed the first three drill holes of its drill program, announced on November 21 at the site’s Pepas prospect, and samples were being sent to Medellin for testing.

2. Mkango Resources (TSXV:MKA)

Company Profile

Weekly gain: 66.67 percent
Market cap: C$51.63 million
Share price: C$0.15

Mkango Resources is a rare earths exploration and development company focused on the advancement of rare earths mining and recycling projects.

Mkango shares surged this week following a news release on Monday (November 25) stating that a feasibility study focused on its HyProMag USA project demonstrated HyProMag’s ability to establish domestic recycling or rare earth magnets for the US market.

In the announcement, Mkango reported that the plant, which would be located in Dallas Fort Worth, Texas, would have an after-tax net present value of US$262 million and an internal rate of return of 23 percent based on current market prices.

The company is projecting a 750 metric ton per year output of recycled sintered neodymium magnets and a 291 metric ton per year output of associated products over a 40-year operating life.

HyProMag is owned by Maginito, in which Mkango holds a 79.4 percent stake. The remaining 20.6 percent interest is held by CoTec Holdings (TSXV:CTH,OTCQB:CTHCF).

Additionally, the company released its Q3 results on Friday. In the release the company indicated it has a strong cash position with US$2 million at the end of September. It also said it had completed a strategic review for its Songwe Hill rare earth project in Malawi and was advancing toward commercial production at its recycling and manufacturing projects in the UK, Germany and USA.

3. CopperCorp Resources (TSXV:CPER)

Company Profile

Weekly gain: 51.5percent
Market cap: C$14.19 million
Share price: C$0.245

CopperCorp Resources is an exploration and development company working to advance projects in Western Tasmania.

Its primary work over the past several months has been exploration of the 171 square kilometer Razorback prospect. Razorback hosted a historic mining operation and is home to mineralized deposits of copper, gold and rare earth elements.

The company has identified three high-priority target zones: Jukes, Hyde and Darwin.

The share price of CopperCorp climbed this week following an announcement on Monday (November 18) in which the company reported that it encountered broad zones of visible copper from the Jukes zone.

The company is currently awaiting assay results but said it was encouraged by the results, which include 24.4 meters of visual copper sulphide from 400 meters downhole and 88.7 meters of visual copper sulphide from 463.3 meters downhole. This comes after CopperCorp reported 0.35 percent copper and 0.19 g/t gold over 132 meters from an adjacent hole on October 15.

4. Jervois Global (TSXV:JRV)

Company Profile

Weekly gain: 50 percent
Market cap: C$27.09 million
Share price: C$0.0.015

Jervois Global is working to advance a global portfolio of nickel and cobalt projects. It owns the Idaho Cobalt Operations in the US, at which it suspended mine construction in 2023 due to low cobalt prices.

According to Jervois, the Idaho Cobalt Operations host the largest US cobalt resource. A 2020 feasibility study shows that they have a measured and indicated resource of 50.1 million pounds of cobalt from 5.24 million MT grading 0.44 percent, with inferred values of 12 million pounds of cobalt from 1.57 million MT grading 0.35 percent.

The company announced in June 2023 that it had entered into a US$15 million agreement through the US Department of Defense’s Defense Production Act for exploration activities at its property.

In an announcement from the project on July 31, Jervois reported that extensional drilling at the Idaho Cobalt Operations had shown positive resource growth potential, with cobalt, gold and copper mineralization at depth. In the announcement, the company provides a highlighted result of 1.1 percent cobalt, 1.18 percent gold and 0.69 g/t gold over 1.8 meters.

Most recently, Jervois announced on Tuesday that it had secured an additional US$24.5 million in working capital through an increase to a US$7.5 million delayed draw term loan it received earlier in the year.

The increase raises the limit to a US$32 million of which the company has access to US$8 million to be used before December 14, with an additional US$16.4 million available after that, subject to certain milestones regarding the potential recapitalization of Jervois’ balance sheet.

5. Baru Gold (TSXV:BARU)

Company Profile

Weekly gain: 44.44 percent
Market cap: C$19.87 million
Share price: C$0.065

Baru Gold is a development company working to advance its Sangihe gold project in Indonesia.

The company holds a 70 percent stake in the 42,000 hectare project, with the remaining 30 percent interest being held by three Indonesian-based companies.

A mineral resource estimate contained in a 2017 technical report demonstrates an indicated resource of 114,700 ounces of gold and 1.97 million ounces of silver from 3.16 million metric tons of ore with grades of 1.13 grams per metric ton (g/t) gold and 19.4 g/t silver. The project also hosts an inferred resource of 105,000 ounces of gold and 1.06 million ounces of silver.

Shares in Baru gained in recent weeks following a series of announcements.

The first came on November 19 when the company announced it had signed a letter of intent with Indonesian company PT Arsari Tambang, which will become a strategic equity partner and investor with a 10 percent stake in Baru Gold subsidiary PT Tambang Mas Sangihe.

The initial 10 percent stake is being purchased from one of Baru’s private partners, meaning it will not affect Baru’s interest in its Sangihe project. However, PT Arsari will also be granted a five-year option for an additional 15 percent stake in the company; if exercised, Baru’s interest will lower from 70 to 59.5 percent.

Its next announcement came on November 21 when Baru Gold announced it had retained the services of a specialist advisory firm to lead fundraising operations. The move comes after Baru received several unsolicited inquiries from investors looking to invest in the Indonesian gold sector, including from companies looking for diversification opportunities.

Baru’s most recent release came on Tuesday (November 26) when it announced a non-brokered private placement for C$300,000 for 7.5 million shares at C$0.04 per unit. The financing is expected to close on or before December 13, with proceeds being used for year-end audit fees and land taxes.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

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

How many companies are listed on the TSXV?

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

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

How much does it cost to list on the TSXV?

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

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

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

How do you trade on the TSXV?

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

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

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Tech 5: Microsoft, Google Face New Antitrust Action, Ether Rallies

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Ether outperformed this week as Bitcoin’s ascent paused around US$98,000.

Meanwhile, Microsoft (NASDAQ:MSFT) became the latest of the Big Tech firms to come under scrutiny by the US Federal Trade Commission, and the Biden administration finalized its milestone deal with Intel (NASDAQ:INTC).

1. Bitcoin pulls back as Ether outperforms

Bitcoin pulled back at the start of the week following a rally toward US$100,000 last Friday (November 22). After setting a new all-time high of US$99,645, the cryptocurrency struggled to stay above US$98,000 over the weekend, eventually falling as low as US$92,058 on Monday evening. Bitcoin declined even further to US$90,911 as the markets wrapped on Tuesday, marking its lowest valuation of the week.

On Wednesday, following Fox News reports that the Trump administration would move to hand more power to crypto regulation to the Commodity Futures Trading Commission, Bitcoin rallied to an intraday high of US$97,360. Investor confidence also rose due to weekly inflation numbers that suggested a resilient economy and a strengthening job market, both of which typically bolster risk appetite. As markets wrapped, Bitcoin was ahead by over 6.5 percent in 24 hours.

It traded sideways on Thursday as US markets celebrated Thanksgiving, and started Friday strong with a brief surge to US$98,680 in early trading before pulling back and wrapping the day around US$97,500. As of 6:00 p.m. EST Friday, Bitcoin was down 1.9 percent for the week, trading at US$97,485.

Meanwhile, Ether showed signs of a resurgence, climbing to over US$3,500 for the first time since June on Monday. While it quickly pulled back to a weekly low of around US$3,280 on Tuesday afternoon, Ether climbed steadily Wednesday to hit a weekly high of US$3,666 as Asia’s markets opened.

Block Scholes and Bybit Analytics released a report on Thursday observing a US$8.9 billion surge in Ether open interest, estimating its price could top US$4,000 before Donald Trump takes office on January 20.

Ether traded in the range of US$3,550 and US$3,650 for the remainder of the week. As of 6:00 p.m. EST Friday, it was up 8.9 percent for the week, trading for around US$3,590.

Ether price chart. November 23, 2024, to November 29, 2024.

Chart courtesy of CoinGecko.

2. Dell, CrowdStrike fall following Q3 reports

Dell (NYSE:DELL) and Crowdstrike (NASDAQ:CRWD) are down 10.94 percent and 3.81 percent, respectively, for the week after both companies delivered quarterly reports that left shareholders dissatisfied.

Shares of Dell fell by over 12 percent on Wednesday morning after the company’s Q3 2025 results, released after the closing bell on Tuesday afternoon, revealed declining revenue for its PC business. Dell’s Client Solutions Group revenue declined by 1 percent year-over-year in Q3 to US$12.1 billion, despite the increase in demand for PCs equipped with AI anticipated by analysts.

“The PC refresh cycle is pushing into next year,” the company’s CFO Yvonne McGill said on a call with analysts after the results were released.

Meanwhile, Infrastructure Solutions Group revenue rose at an annual rate of 34 percent to US$11.4 billion. Total revenue grew 10 percent to US$24.4 billion, missing the average analyst estimate of US$24.6 billion. Adjusted earnings were US$2.15 per share, above with the average estimate of US$2.06.

Additionally, Dell’s Q4 2025 revenue outlook of US$24.5 billion fell short of analyst expectations of US$25.57 billion, leaving shareholders unimpressed despite some positive data points.

Shares of Crowdstrike opened 1.6 percent lower and fell by over 3 percent in early trading on Wednesday after a lackluster earnings report for Q3 2025.

CrowdStrike’s CFO, Burt Podber, emphasized the company’s strong quarterly performance. During an earnings call, he highlighted a growing sales pipeline and expressed optimism about finishing the year with momentum “despite expected headwinds from the July 19 incident,” referring to the global outage that temporarily crippled the cybersecurity defenses of countless organizations worldwide.

The event could explain the company’s adjusted earnings per share forecast to a range of US$0.84 to US$0.86 for Q4, slightly below the analyst expectation of US$0.87. The company’s total operating expense increased nearly 40 percent compared to the same period last year.

On a more upbeat note, CrowdStrike’s Q3 sales surpassed predictions, reaching US$1.01 billion, and its adjusted profit per share of US$0.93 exceeded estimates of US$0.81 per share.

Additionally, CrowdStrike increased its full fiscal year revenue forecast to between US$3.92 billion and US$3.93 billion, higher than the anticipated US$3.9 billion.

Dell and CrowdStrike’s share prices fell following their Q3 earnings reports.

Chart courtesy of Google Finance.

3. Microsoft latest to be investigated by FTC, Google faces lawsuit in Canada

The US Federal Trade Commission launched an antitrust investigation into Microsoft on Wednesday. According to sources for Bloomberg, who first reported the news, the FTC has been interviewing business partners and competitors for over a year, and has requested the company turn over information regarding all aspects of Microsoft’s business in a document that’s “hundreds of pages long.”

Sources familiar with the matter say that the ongoing investigation is heavily focused on Microsoft’s practice of bundling its popular office productivity and security software with its cloud products.

Microsoft opened 0.71 percent lower on Friday morning following the news but recovered by the end of the shortened trading day. Its stock is up 2.93 percent for the week.

FTC regulators will reportedly meet with Microsoft executives next week. Neither organization has issued a formal comment on the situation.

This is the fifth investigation launched by FTC Chair Lina Khan in recent years, and likely one of the last before she steps down in January. President-elect Donald Trump has not yet named Khan’s successor.

Meanwhile, Canada’s Competition Bureau announced it was suing Google (NASDAQ:GOOGL) for anti-competitive practices in the online advertising market, adding to the company’s mounting list of legal problems.

“The Competition Bureau conducted an extensive investigation that found that Google has abused its dominant position in online advertising in Canada by engaging in conduct that locks market participants into using its own ad tech tools, excluding competitors, and distorting the competitive process,” Matthew Boswell, Commissioner of Competition, said in the press release. “Google’s conduct has prevented rivals from being able to compete on the merits of what they have to offer, to the detriment of Canadian advertisers, publishers and consumers.”

4. Biden Administration finalizes US$7.9 billion CHIPS funding for Intel

The US Biden Administration has finalized its deal with Intel for nearly US$7.9 billion in federal grants for chip manufacturing in Arizona, Ohio, Oregon and New Mexico. This amount, slightly less than the initially proposed award of US$8.5 billion, will be used to boost chip manufacturing in these locations.

“The award will directly support Intel’s expected US investment of nearly US$90 billion by the end of the decade, which is part of the company’s overall US$100+ billion expansion plan,” President Joe Biden said in a statement.

The company will receive at least US$1 billion this year based on milestones it has already reached and can begin receiving additional funds as it hits negotiated benchmarks on projects.

Bloomberg reported that government officials said the reduction in the grant wasn’t a reflection of the challenges the company’s chip business has faced this year, but instead is due to a US$3 billion grant the company is eligible for to make chips for the military. Due to a change in the financing for the military grant, some of the funds were instead taken from the CHIPS Act grant.

Although the initial deal included provisions for US$11 billion in loans, Intel opted not to utilize this option. Bloomberg columnist Mackenzie Hawkins noted that makes it the third major company to turn down government loans provided by Biden’s US$75 billion in loans available through the CHIPS Act.

Shares of Intel fell by nearly 4.5 percent on Tuesday before the markets closed.

5. California proposes renewed EV rebates excluding Tesla

California Governor Gavin Newsom shared plans to create a new version of the state’s Clean Vehicle Rebate Project (CVRP) and offer state rebates for electric vehicles (EVs) if President-elect Donald Trump follows through on campaign promises and eliminates the Biden-era federal EV tax credit.

The CVRP was a state program funded through California’s Greenhouse Gas Reduction Fund that offered rebates to residents who purchased or leased eligible new zero-emission vehicles. It ran from 2010 until it was closed on November 8, 2023, after funding was exhausted.

Governor Newsom’s office told Bloomberg on Monday that the current plan included market share proposals that could exclude models made by Tesla, but reiterated that the details of the proposal would first need to pass through the regular legislative channels.

“It’s about creating the market conditions for more of these car makers to take root,” the governor’s office told Bloomberg.

Tesla (NASDAQ:TSLA) CEO and Trump’s pick as head of the newly-announced Department of Government Efficiency, or DOGE, Elon Musk was quick to fire back, posting his thoughts on X: “Even though Tesla is the only company that manufactures their EVs in California! This is insane.”

Despite the bump in the road — Tesla closed down over 6 percent on Monday — the company ended the week slightly ahead by 1.26 percent.

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

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Explosion damages canal feeding Kosovo power plants; PM alleges Serbian ‘terrorist attack’

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Pristina, Kosovo (Reuters) – An explosion on Friday evening damaged a canal in northern Kosovo supplying water to two coal-fired power plants that generate nearly all of the country’s electricity, Prime Minister Albin Kurti said, blaming what he called “a terrorist act” by neighbouring Serbia.

There were no immediate reports of injuries and the cause of the blast, which also impacted drinking water supplies, was not clear. Serbian officials did not respond to requests for comment, and Reuters found no immediate evidence of Belgrade’s involvement.

“This is a criminal and terrorist attack with the aim to destroy our critical infrastructure,” Kurti said in a televised address. He said that some of the country could be without power if the problem is not fixed by morning.

In a sign of ethnic tensions between the two Balkan countries, Kurti echoed Kosovo President Vjosa Osmani by blaming Serbian criminal gangs without providing proof.

Earlier on Friday, Kosovo police announced increased security measures after two recent attacks where hand grenades were hurled at a police station and municipal building in northern Kosovo where ethnic Serbians live. It was not clear if the incidents were linked.

Local media showed pictures of part of the canal destroyed and leaking water and a heavy police presence at the site.

Faruk Mujka, the head of water company Ibar-Lepenci, told local news portal Kallxo that an explosive device was thrown into the canal and damaged the wall of a bridge.

He said the water supply, which also feeds drinking water to the capital Pristina, must be halted to fix the problem as soon as possible since it was the main channel for supplying Kosovo Energy Corporation (KEK), the country’s main power provider.

Independence for ethnic Albanian-majority Kosovo came in 2008, almost a decade after a guerrilla uprising against Serbian rule. However tensions persist, mainly in the north where the Serb minority refuses to recognise Kosovo’s statehood and still sees Belgrade as their capital.

The EU’s Kosovo ambassador, Aivo Orav, condemned the attack that he said was already “depriving considerable parts of Kosovo from water supply”.

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Nearly 1,000 endangered animals repatriated to Madagascar in anti-trafficking landmark

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Thailand is sending almost 1,000 highly endangered tortoises and lemurs home to Madagascar in a landmark victory against animal trafficking, with the first batch on its way on Saturday.

The repatriation is the largest ever between the two countries, according to Thai officials.

Thai police recovered 1,117 animals, eight of which had died, during an anti-trafficking operation in the southern Thai province of Chumphon in May.

Among them were spider tortoises, radiated tortoises, ring-tailed lemurs and brown lemurs, all listed among the world’s “most endangered” animals under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

Tortoises rescued in Thailand are put under authorities’ care before being sent home to Madagascar.
Department of National parks Wildlife and Plant Conservation

These species are highly sought-after in Asia as exotic pets, though replicating their natural habitat is extremely difficult, often putting their life at risk.

Some of the animals seized in May have since died due to poor health caused by a lack of food and water when they were smuggled to Thailand. Some also failed to adapt to the new environment.

Thai authorities held an official ceremony in the capital Bangkok on Wednesday to hand over the animals to Madagascan officials.

A total of 961 live animals will be sent back on three flights operated by Qatar Airways starting Saturday.

Dr. Chalermchai Sri-on, Thailand’s minister of natural resources and environment, said the repatriation shows Thailand’s commitment to combating illegal wildlife trafficking as well as prioritizing the welfare of seized species.

“By conducting operations like this and broadcasting them globally, it shows that there are arrests and exchanges happening, making people worldwide aware that possessing these animals is not right,” he said.

“Some might think that if they have the money, they can buy and collect them, but that’s not the case.”

UK-based conservation group Traffic said in a statement that the repatriation was “a true testament to the power of international collaboration in addressing the wildlife trafficking crisis.”

Illegal trades in timber and wildlife have been identified as the second-largest threat to Madagascar’s rich biodiversity, the group said in a 2023 report.

Thailand is the largest importer of wildlife from Madagascar in Southeast Asia, a region that plays “a vital role” in the trade and re-exporting of some of Madagascar’s most threatened species, the report said.

Between 1975 and 2019, Thailand directly and indirectly exported almost 35,000 animals or their products from Madagascar, according to the report.

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Gaza’s hopes for ceasefire dim despite renewed US efforts following Lebanon truce

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As an uneasy truce between Israel and Hezbollah offers the Lebanese a desperately needed reprieve, Palestinians in Gaza feel abandoned, even as the US pushes for a renewed effort to end the fighting in the enclave.

For almost a year, Hezbollah vowed not to stop battling Israel until it agreed to a ceasefire in Gaza. In September, Israel stepped up its campaign against the Lebanese militant group, assassinating its top brass and launching a ferocious aerial and ground operation into southern Lebanon, which forced Hezbollah to abandon its condition for a ceasefire.

“Gaza is left alone. Hezbollah has its own calculations to abandon Gaza to preserve what was left of its forces… it’s not to our advantage,” said Hatem Mohamed, 47, a resident of Gaza City. “This agreement will allow Israel to only focus on the Palestinians and what is left of the Palestinian cause.”

Negotiations for a Gaza ceasefire and the release of Israeli hostages have been deadlocked for months, with both sides refusing to compromise on their demands.

Qatar, a key mediator in previous Gaza ceasefire negotiations, stepped back from its role this month and shut Hamas’ political office in the capital Doha after concluding that the two sides are no longer negotiating in good faith. Turkey, which has ties to Hamas, dispelled reports that the group’s bureau had been relocated to the country, but said that Hamas officials come and go from the country on a regular basis.

“I don’t think a ceasefire in Lebanon has changed much for the dynamics of a Gaza ceasefire,” said Tahani Mustafa, senior Palestine analyst at International Crisis Group, a Brussels-based think tank.

“Both sides have mutually exclusive demands and there’s no pressure on Israel to really scale back and start taking the negotiation seriously. Israel wants to destroy Hamas, keep troops on the ground and potentially resettle in the north, which is unacceptable to Hamas,” she said. “Hamas wants a total cessation of hostilities, return of people to their homes in the north and no Israeli ground presence…that’s completely unacceptable to Israel.”

Netanyahu ‘not ready’ to end the war

Despite the setbacks, Israeli and American leaders have signaled that the Lebanon truce may present an opportunity to move forward with a ceasefire in Gaza.

The outgoing Biden administration maintains that there might now be “newfound opportunity” to drive forward a ceasefire and hostage deal in Gaza.

On Thursday, Israeli Prime Minister Benjamin Netanyahu said the conditions to reach a deal to secure the release of Israeli hostages from Gaza “have improved,” but maintained that he will not agree to the end of Israel’s war in the enclave, as Hamas has not yet been dismantled.

“(I’m) ready for a ceasefire at any moment. But ending the war, I’m not ready for that, because we also need to achieve the elimination of Hamas,” he said.

President Joe Biden said on Tuesday that the US will “make another push” with Turkey, Egypt, Qatar, Israel and others to achieve a ceasefire in Gaza, to release the hostages and “end the war without Hamas in power.” Turkish President Recep Tayyip Erdogan told parliament Wednesday his country was ready to contribute in “any way possible.” On Wednesday, Qatari Prime Minister Mohamed bin Abdulrahman Al Thani and Egyptian President Abdel Fattah Al Sisi met in Cairo to discuss ceasefire efforts.

Hamas said Wednesday it is committed to cooperating with “any efforts” to achieve a ceasefire in Gaza after a truce was reached in Lebanon but reiterated its demand for Israel’s complete withdrawal from Gaza, the release of Palestinian prisoners and the return of Gazans to their homes.

More than 250 people were taken hostage and about 1,200 killed during the Hamas attacks on Israel on October 7, 2023. The following month, more than 100 hostages were released as part of a short-lived hostage-and-ceasefire deal. Since then, a handful of hostages have since been rescued by Israeli forces. Of the 101 hostages believed to still being held in Gaza, at least 34 are thought to be dead.

Jihad Abu Yasser, a 26-year-old baker who lives in northern Gaza, called Hamas’ negotiation tactics “a failure,” saying the hostages alone were no longer sufficient leverage in talks with the Israelis.

“We remained stubborn until half the hostages died, and we are negotiating with a losing card… We have maybe less than 70 hostages alive. If the war continues and we are stalling, and the (Israelis) are stalling, the hostages will die, which is our (leverage) card,” he said, adding that most Gazans feel that way. “All are saying: What are we negotiating over?”

“People are saying if Hezbollah finished (their war) then God-willing we are close (in Gaza)…These are lies,” Abu Yasser said. “For the love of God, stop, stop, stop (the war).”

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Princess of Wales is about to undertake her biggest engagements since returning to duties

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Next week, Catherine, Princess of Wales is set to make her biggest return to royal duties since revealing that she had completed her chemotherapy treatment earlier this year.

Kate, 42, will join her husband and heir to the throne, Prince William, in welcoming the Emir of Qatar to the United Kingdom on Tuesday – the first day of the emir’s two-day state visit to the nation, according to Buckingham Palace.

It’s a welcome signal if we remember that the Princess of Wales was forced to skip a state visit by the Emperor and Empress of Japan in June as she was undergoing chemotherapy.

Her central role in the upcoming visit will be seen by many as a significant marker of her strong recovery, following her announcement in September of a phased return to duties.

During the state visit, William and Kate are expected to greet Emir Sheikh Tamim bin Hamad Al Thani, accompanied by his wife Sheikha Jawaher, on Tuesday morning, before traveling to Horse Guards Parade in St. James’s Park for a ceremonial welcome and rendition of the Qatari national anthem.

King Charles and Queen Camilla will then join the four royals in a carriage procession along The Mall to Buckingham Palace, which will be decorated with dozens of flags of the nation being hosted. Processions like these are typically escorted by mounted soldiers from the Household Cavalry.

The extravagant procession will be followed by lunch at Buckingham Palace and a cultural exhibition.

The exhibition, arranged by the Royal Collection Trust and Turquoise Mountain Foundation – an organization founded by King Charles in 2006, when he was Prince of Wales, to protect cultural heritage at risk around the world – will display items relating to Qatar.

In the afternoon, the emir and Sheikha Jawaher will be given a tour of Westminster Abbey and the Palace of Westminster, where they will meet members of Britain’s House of Lords and members of parliament.

It’s also worth remembering that Kate is taking each day as it comes and while she is expected to be present, her appearances may be reduced on the day.

One event we know Kate will not be attending is the state banquet on Tuesday evening, where King Charles and the emir will give speeches. Usually, around 150 VIPs with cultural and diplomatic ties to the country being honored are invited to the soiree.

Kate’s planned absence from the white-tie affair shouldn’t be cause for alarm, though.

She also missed the annual Diplomatic Corps reception at Buckingham Palace last week, which was held to celebrate foreign diplomats in London.

Despite her absence from the get-together, a royal source described Kate’s upcoming engagements as “good news.”

She will round off the week by hosting her annual Christmas carol concert at Westminster Abbey on Friday evening, which will focus on “how much we need each other, especially in the most difficult times of our lives.”

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