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January 16, 2025

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How to Find a BUY Signal Using The 1-2-3 Reversal Pattern

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In this exclusive StockCharts video, Joe demonstrates how to use the 1-2-3 reversal pattern as a buy signal on the weekly chart. This approach can be used when the monthly chart is in a strong position. Joe shares how to use MACD and ADX to help when the trendline pattern isn’t clear, then shows the commodity charts and the shifts that are taking place. Finally, he goes through the symbol requests that came through this week, including VST, BLK, and more.

This video was originally published on January 15, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

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SEC Sues Elon Musk for Delay in Twitter Stock Disclosure

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The US Securities and Exchange Commission (SEC) has initiated legal action against Elon Musk over allegations that he failed to disclose his significant ownership stake in Twitter within the required timeframe.

According to the SEC complaint, Musk began acquiring shares of Twitter, now called X, in early 2022. The Tesla (NASDAQ:TSLA) leader reportedly surpassed the 5 percent ownership threshold on March 14 of that year.

Under US securities law, any investor who accumulates more than 5 percent of a company’s stock must publicly disclose their stake within 10 days. Musk reportedly delayed this announcement until April 4, 2022, 11 days past the deadline, during which time he increased his stake in the social media platform to 9 percent.

The SEC states that Twitter’s share price rose by 27 percent following Musk’s eventual disclosure, a sharp uptick that underscored the market impact of his involvement. The agency contends that Musk’s delayed announcement allowed him to purchase additional shares at a lower price, effectively saving him at least US$150 million.

The lawsuit seeks to recover these alleged gains along with an additional financial penalty.

Details of the SEC’s findings

The SEC claims Musk privately informed a Twitter board member on March 27, 2022, that he owned at least 7 percent of the company. He also reportedly expressed interest in joining the board and taking the company private.

The lawsuit alleges that these discussions further underscore the significance of his delayed disclosure, as it deprived the public and existing shareholders of critical information that could have influenced trading decisions.

The SEC also says that it has obtained private text messages and other communications between Musk and Twitter’s board, suggesting a detailed investigation into the timeline and nature of his stock purchases.

These messages are expected to play a pivotal role in the case as the agency attempts to establish intent and the extent of any regulatory violations.

Musk’s response

Musk’s legal team has dismissed the allegations, with his attorney, Alex Spiro, accusing the SEC of engaging in a ‘multi-year campaign of harassment’ against the billionaire entrepreneur.

Spiro maintains that Musk complied with disclosure rules and has argued that the agency’s claims lack merit.

Musk has frequently clashed with the SEC in the past, often criticizing the regulator’s actions and oversight. This lawsuit adds another layer to the contentious relationship between Musk and the agency.

The lawsuit arrives at a critical juncture as Musk prepares to assume a high-profile role in the Trump administration’s newly created Department of Government Efficiency, raising questions about potential conflicts of interest.

The SEC’s leadership is also set to change, with current Chair Gary Gensler planning to step down ahead of the administration transition.

Musk’s acquisition of Twitter, which was finalized in October 2022 for US$44 billion, transformed the platform into X. The deal and its fallout, including significant changes to operations and policies, have kept X in the spotlight.

Shares of Musk’s electric vehicle company Tesla were unscathed by the new SEC lawsuit. They were up 7.48 percent year-to-date gain as of midday on Wednesday (January 15).

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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Top 5 US Oil and Gas Dividend Stocks in 2025

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Major oil and gas stocks have historically offered investors high dividend yields, especially when prices are strong.

The US oil and gas market has responded surprisingly well to the continued volatility in the global markets, including ongoing conflict in the Middle East, the Russia-Ukraine war and economic uncertainty.

For those who prefer a long-term approach to investing, oil and gas stocks with high dividends allow for a steady flow of income and the opportunity for investors to increase their equity holdings.

A dividend is part of a company’s profits that is paid out regularly to shareholders, typically quarterly. When determining which dividend stocks are good options, there are some terms investors should know, including dividend yields, payout ratios and debt-to-equity ratios.

A dividend yield represents the dividend income per share divided by the share price. Currently, the oil and gas segment of the stock market is flush with dividend yields of over 4 percent.

A dividend’s payout ratio is the total amount of dividends paid out to shareholders relative to the company’s net income. Lastly, the debt-to-equity ratio shows how much company financing is generated from debt rather than equity.

The energy sector stocks on this list had strong dividends yields of greater than 4.9 percent as of that date, as well as debt-to-equity ratios of 0.35 and lower.

1. Vitesse Energy (NYSE:VTS)

Company Profile

Market cap: US$775.81 million
Dividend yield: 9.14 percent
Debt-to-equity ratio: 0.2

The top high-dividend oil stock on this list is Vitesse Energy, which owns financial interests in oil and gas wells operated by leading US operators primarily in the Bakken oil field in the state of North Dakota.

Prior to its December 2024 definite agreement to acquire Lucero Energy (TSXV:LOU,OTCQB:PSHIF), Vitesse was not itself an oil and gas producer, but it would become one if the acquisition closes. As of Q3 2024, Lucero had approximately 6.4 million barrels of oil equivalent per day (boe/d) of two stream net production.

Vitesse shareholders of record as of December 16 received a quarterly dividend payment of US$0.525 per share on December 31, 2024. If the Lucero acquisition is approved and completed, Vitesse expects to increase its cash dividend from US$2.10 to US$2.25 per share on an annualized basis.

2. TXO Partners (NYSE:TXO)

Company Profile

Market cap: US$709.03 million
Dividend yield: 8.25 percent
Debt-to-equity ratio: 0.25

TXO Partners is acquiring, developing and operating conventional oil, natural gas and natural gas liquid reserves in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota.

TXO’s most recent quarterly dividend payment to shareholders was distributed on November 22, 2024, at US$0.58 per common unit. It was paid to those who were eligible unitholders of record on November 15.

3. Granite Ridge Resources (NYSE:GRNT)

Press ReleasesCompany Profile

Market cap: US$900.83 million
Dividend yield: 7.31 percent
Debt-to-equity ratio: 0.3

Granite Ridge Resources invests in public and private oil and gas operators drilling high-grade wells in the US across five unconventional basins: the Permian, Eagle Ford, Bakken, Haynesville and DJ.

In its Q3 2024 results, the company reported average production of 25,177 boe/d from its portfolio of assets, generating a reported net income of US$9.1 million.

Granite Ridge paid out a quarterly dividend of US$0.11 per share of common stock on December 16, 2024, to shareholders of record as of November 29.

4. Diamondback Energy (NASDAQ:FANG)

Press ReleasesCompany Profile

Market cap: US$51.03 billion
Dividend yield: 5.15 percent
Debt-to-equity ratio: 0.35

Diamondback Energy is a Texas-based oil and gas company headquartered with operating unconventional, onshore oil and natural gas reserves assets in the Permian Basin. The company completed a merger with another Texas oil and gas company, Endeavor Energy Resources, on September 10, 2024. Diamondback reported average production of 571.1 million boe/d for the third quarter 2024.

Diamondback shareholders received a quarterly cash dividend of US$0.90 per common share on November 21, 2024. The company says it has returned over US$8.6 billion to its shareholders since 2018.

5. Epsilon Energy (NASDAQ:EPSN)

Company Profile

Market cap: US$139.01 million
Dividend yield: 4.92 percent
Debt-to-equity ratio: 0.1

Epsilon Energy has oil and gas operations in the hydrocarbon-rich regions of Pennsylvania, Texas, New Mexico and Oklahoma. The company entered the Western Canadian Sedimentary Basin jurisdiction in Alberta, Canada, via two joint venture agreements in October 2024.

Epsilon reported revenues of US$7.29 million for Q3 2024, up 16 percent from the same quarter in the previous year. On December 31, Epsilon paid a quarterly dividend of US$0.0625 per share to its shareholders on record as of December 16, bringing its annualized dividend payout to US$0.25 per share.

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

This post appeared first on investingnews.com

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John Feneck: Gold, Silver, Copper and More — 7 Stocks I’m Bullish on for 2025

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‘The technical setup for gold looks absolutely beautiful — if you look at a 10 year, 15 year, 20 year chart it looks absolutely great,’ he said. ‘Now you’ve (also) got the dynamic of Trump coming in office. I don’t see how that’s going to cause less volatility, and gold loves uncertainty and volatility, so I think we’re going to have a great 2025.’

Feneck also gave updates on mining stocks he’s watching right now.

On the gold side, he mentioned US Gold (NASDAQ:USAU), First Nordic Metals (TSXV:FNM,OTCQB:FNMCF) and Inflection Resources (CSE:AUCU,OTCQB:AUCUF), which also has a copper component. Feneck also spoke about Aftermath Silver (TSXV:AAG,OTCQX:AAGFF), a company in which Canadian billionaire Eric Sprott has a large position.

He’s also interested in copper-focused Questcorp Mining (CSE:QQQ,OTC Pink:QQCMF), and when it comes to ‘special situations’ he has companies like Guardian Metal Resources (LSE:GMET,OTCQX:GMTLF), Demesne Resources (CSE:DEME,OTCQB:DEMRF) and Angkor Resources (TSXV:ANK,OTCQB:ANKOF) on his radar.

Looking forward, Feneck emphasized that he’s positive on the resource sector as a whole.

‘I think that this year is going to shape up to be a really, really good year for commodities in general,’ he said.

‘And if Trump can pull off the big ‘what if’ and get Putin to come to the table — that’s going to be a game changer for a lot of these commodities that have been underwater, like nickel, platinum and palladium, etc.’

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

This post appeared first on investingnews.com

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Zinc Price Forecast: Top Trends for Zinc in 2025

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Zinc saw strong performance in 2024, but was based on speculation rather than supply and demand fundamentals.

Zinc is predominantly used to make galvanized steel, which is destined for the construction and manufacturing sectors. The past several years have seen these industries largely depressed due to high inflation and high interest rates.

What helped the base metal over the past year is that weak demand was met with weak mining supply.

What could a new administration in the White House or new economic stimulus measures in China mean for zinc markets? Which factors should investors be considering in 2025?

How will Trump’s return impact the zinc market?

One of the big stories of 2025 is US President-elect Donald Trump’s return to the White House. This event could have a broad impact across several industries and significant implications for the resource sector.

Trump ran on a platform with conflicting outcomes. On one hand, he promised improved permitting timelines for projects costing above US$1 billion, which could make the US more attractive to companies seeking new base metal projects.

One such project that may be supported by improved permitting is South32’s (OTC Pink:SHTLF,ASX:S32) Hermosa project near Tucson, Arizona. The project has already seen improved permitting timelines through the US Federal Permitting Improvement Steering Council, and at over US$2 billion in cost, it would also qualify under the proposed change in permitting from the incoming administration.

Additionally, his promise to free up federal lands for new housing could be a boon for zinc producers as it would mean greater demand for galvanized steel products. The question is how much and how fast would new housing starts be available?

On the other hand, his platform also heavily favored imposing new tariffs, which could add fresh inflationary pressures to the economy.

While it’s still uncertain if there will be any carve-outs for certain industries, higher costs for materials destined for homebuilders could significantly weaken demand for new homes regardless of the federal support the administration makes available.

“What’s happened (in 2024) is that China’s had very weak domestic demand for a lot of base metals, but it’s been saved by the export side, so they’ll come under threat more next year with the tariff barriers going up,” he said.

Smith also suggested that there may not be much concern over the proposed tariffs, saying, “Trump’s bark is worse than his bite, so I don’t think it’s going to be particularly bad.” However, Smith noted that China would be exposed regardless if the administration ultimately chooses to raise tariffs.

This was backed up by AMT Insight research shared by Smith on January 9. The group pointed out that the president has limited power to drive markets, and there may be a disconnect between his rhetoric and the policy he can implement as president. Bigger factors for setting prices are likely to be global in nature.

Even so, Smith implied that China is already working to mitigate its risk of incoming tariffs by expanding manufacturing in places like Mexico and Vietnam. This would allow it to avoid the higher prices that will be imposed on goods produced directly in China.

For many base metals, though, he points out that, given how large a segment of the sector they control, it’s very hard to avoid materials coming from China, which has led to some concern about increasing domestic supply.

“It’s very difficult to build new smelters. So, China normally produces a lot of metal but also manufactured goods. The typical route is manufactured goods end up in the US, so there’s been some attempts to build out new capacity in the US, but it’s really very slow,” Smith said.

What is the supply and demand situation expected to be like?

“By far, the biggest implications of the tariffs will be on US premia and the potential knock-on impact they will have on US zinc demand. For now, we do not expect it to impact zinc supply in any way,” Rutland said.

Zinc supply and demand in 2025

The prediction for 2025 is that supply and demand will remain relatively the same as last year.

CRU expects mining supply to grow moderately, at 1.9 percent year over year, with a slight increase in refined output of 0.3 percent. Meanwhile, the group expects demand to grow at 0.3 percent.

Some of this increase may come from Russia as the Overnoye mine in eastern Siberia is expected to start production in 2025.

The mine was originally slated to begin ramping up production in late 2023 but stalled after a fire destroyed critical equipment. Production was reported to have started in November 2024, but Rutland is skeptical.

“Replacing the damaged equipment was complicated by the sanctions imposed on Russia, meaning the mine had to replace the equipment with domestic technology, which we believe is unlikely to have been possible to have achieved to a high standard over such a short time frame,” he said.

Rutland also doesn’t see it making a substantial contribution to zinc supply in 2025 either.

Once the mine is fully operational, it will add an additional 600,000 metric tons of zinc concentrates per year, accounting for 4.5 percent of total zinc production.

Another mine that may begin to ramp up in 2025, is the Xinjiang Huoshaoyun lead-zinc mine in China. The project has also faced significant delays due to terrain and weather.

“It’s a very large mine in Xinjiang province, which is an extremely difficult place to do mining. It’s very high and subject to extreme weather conditions like sand storms, so it’s been quite a challenge to ramp that mine up as well,” said Smith.

The mine has reserves of over 21 million metric tons and, once in operation, will be the sixth-largest lead-zinc mine in the world.

Investor takeaway

Even though zinc performed well in 2024, its gains weren’t based on supply and demand fundamentals. The market saw weak supply met by weak demand. Barring any rebound in the Chinese or European construction and manufacturing sectors, conditions in 2025 are expected to continue.

For his predictions, Rutland sees the price of zinc remaining flat in the new year and expects it to average US$2,850 per metric ton, with concentrates and refined markets in balance.

Smith shared a similar sentiment with the supply and demand in 2025 but was more optimistic, suggesting the price for zinc could push up to the US$3,300 per metric ton range.

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

This post appeared first on investingnews.com

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SAGA Metals Provides In-Depth Summary of Radar Titanium-Vanadium Project on Eve of Drilling

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to provide a complete overview of the Radar Titanium-Vanadium (Ti-V) Project as equipment, fuel, diamond drill and personnel begin to arrive in Labrador for the maiden drill program set to commence in a weeks time.

Radar Titanium-Vanadium (Ti-V) Project – Labrador, Canada

The Radar Ti-V Property is located 10km south of Cartwright in Labrador, Canada. The project spans 17,250 hectares and benefits from road access, supporting efficient exploration and development.

Radar’s Hawkeye zone is the most prospective target on the property. Detailed geophysics and surface samples are suggestive of a complex and multi-phased layered mafic intrusion that may be upwards of 1km wide, 4km long and potentially over 600m deep . Recent geophysics completed on the property show very detailed correlation to the rock samples and observed phase changes in the system.

SAGA aims to complete a 1,500m drill program at the Hawkeye zone over the area encompassing the anomalous TiO2 and V2O5 surface samples.

Radar Project Surface Assay Highlights Include:

  • Titanium Dioxide (TiO2): 49 samples returned assay values exceeding 4.0%, with a peak value of 11.1%.
  • Vanadium Pentoxide (V2O5): 36 samples exceeded 0.2%, with a high of 0.63%.
  • Iron (Fe): 34 samples returned values over 20%, reaching a high of 46.7%.

Radar Project Target Zones:

  1. Hawkeye Zone: contains grades up to 11.1% TiO2 and 0.66% V2O5
  2. Trapper Zone: contains grades up to 8% TiO2 and 0.28% V2O5
  3. Unnamed Transitional Zone (between Hawkeye and Trapper): contains grades up to 7.6% TiO2 and 0.302% V2O5

Radar Project and corresponding geophysics highlight multiple anomalies across the property

Assay results have confirmed the magnetic anomalies within both the Hawkeye and Trapper zones are mineralized, establishing a combined strike of just over 8km in length between the two zones. Preliminary indications suggest a possible connection between the trends through a transitional zone, which increases the mineralized strike to ~ 9.5km through verified samples.

Maiden Drill Program Q1 2025: Drilling is scheduled to commence this month with a minimum 1,500m program at the Radar Ti-V Projects. The Hawkeye zone is the most advanced zone with both surface samples and detailed geophysics creating clear drill targets. Assays have returned consistent values between 2.5 – 11.1% TiO2 and 0.2 – 0.66% V2O5 , confirming the presence of high-grade titanium & vanadium across a potential 1km wide and 4km long trend further confirmed with geophysics.

Recent Geophysics of the Hawkeye Zone Highlights:

  • Expanded Zone Width: Geophysical surveys suggest the Hawkeye Zone’s potential width has increased from 500m to 1km .
  • Significant Strike Length: Surface sampling and geophysical results infer a 4km mineralized strike length.
  • High-Grade Mineralization: The Hawkeye Zone includes high-grade mineralization, with samples returning 2.5% – 11.1% TiO₂ and 0.2% – 0.66% V₂O₅.
  • Mineralized System Defined: Advanced geophysics and magnetic inversion interpretation clearly outlines the phases of a layered mafic intrusion and mineralization potential over 600m at depth , creating drill-ready targets.

Saga Metals successfully completed a detailed magnetic and electromagnetic (EM) survey over the northwest section of the Hawkeye Zone at the Radar Project. Utilizing ground-based equipment on a tightly spaced grid, with 25 meters between stations and 50-meter line spacing, the survey delivered high-resolution magnetic and conductivity data. This effort has proven highly effective in mapping magnetite-rich zones within the Gabbro Norite host rock, a key indicator of titanium (TiO₂) and vanadium (V₂O₅) mineralization.

The magnetic survey was so successful that the high-resolution imagery combined with sample assays and field observations can be used to map some of the most distinguishing features of the system throughout this zone.

Spanning nearly 1km in width with a near-vertical orientation the Hawkeye zone is the most prospective target on the property with geophysics now defining the phases of a layered mafic intrusion sampled in the 2023-2024 field programs. The results of this survey provide exceptional clarity, combining high-definition imagery with sample assays and field observations to identify distinct geological phases within the Hawkeye Zone. The eastern portion of the zone is characterized by alternating silica-rich (magnetite-depleted) bands and high-grade magnetite layers, with titanium and vanadium grades ranging from 5 to 11% TiO₂ and 0.3 to 0.66% V₂O₅. Moving westward, the system transitions into gabbro norite rocks containing disseminated magnetite. These rocks exhibit consistent but lower grades, averaging 3 to 5% TiO₂ and 0.1 to 0.2% V₂O₅.

Geophysics completed over a targeted area within the Hawkeye Zone increasing width to 1km and a projected 4km strike

Magnetic Inversion Interpretation:

SAGA continued to update its geophysics with the magnetic inversions of the Hawkeye zone. Completed by Chris and David Mark of Geotronics, the magnetic inversions can project, with a high degree of certainty up to 400 meters in depth, what the mineralized magnetic body looks like beneath the surface.

Magnetic inversion of the Hawkeye zone looking north-northeast. Range of > 0.02 susceptibility cut off.

Same magnetic inversion of the Hawkeye zone looking east at profile cross section with > 0.02 susceptibility cut off.

Petrographic Analysis at the Radar Ti-V Project:

Recent petrographic work completed by Dr. Al Miller on rock samples from the Hawkeye zone have increased the understanding of the mineralogical host of titanium and vanadium mineralization at the Radar project. This sets the foundation for the metallurgical work the team hopes to be able to build on during the 2025 drill programs.

First look at the petrography of the Hawkeye zone reveals more than one composition of magnetite; evidence which contributes to the hypothesis of multiphase mineralization events. Additionally, petrographic evidence reveals that much of the titanium and vanadium mineralization occurs within magnetite with a lack of ilmenite in many of the layers. This is key to understanding how these elements are locked up together and ultimately how they’ll separate during extraction. These layers have assayed high TiO2% and V2O5% leading to the use of Vanadium Titanomagnetite (VTM) classification of several mineralized layers of the Hawkeye zone. Ilmenite with exsolution lamellae of the magnetite was observed but only in a few cases. This has contributed to what can be called differential compositional layering and multiple mineralization magmatic layering events.

VTM’s are a mineralization style that has not received much attention in North America but is a pivotal piece of China’s iron, titanium and vanadium mining and production industry.

Trapper Zone Shows Promising Titanium and Vanadium Anomalies Despite Limited Exposure:

The Trapper Zone spans a strike length of ~ 4.3km , slightly longer than the Hawkeye Zone, though it has significantly less surface exposure. The lack of outcrop and subcrop initially posed challenges for the exploration team; however, the implementation of an extensive soil grid successfully yielded the first geochemical confirmation of the Trapper Zone’s correlation with previously identified geophysical anomalies.

Key findings from the Trapper Zone include:

  • Soil anomalies with values ranging from 1.0 – 1.1% Ti and 140 – 190 ppm V .
  • Rock sample anomalies with values between 2.5 – 8% TiO2 and up to 0.28% V2O5 .

Although only 30 rock samples were collected due to limited exposure and ground cover, the consistent anomalies found in both soil and rock samples provide compelling evidence to justify targeted exploration in this zone.

Further work, including additional surface sampling, trenching, and geophysical surveys, is planned to unlock the full potential of the Trapper Zone in 2025.

Transition Zone Presents Key Opportunity for Further Understanding of Radar Ti-V System:

A possible third, transitional zone, located between the Hawkeye and Trapper zones, presents a significant opportunity for further exploration. While its relationship to either zone remains unclear, this transitional area could help determine whether the Hawkeye and Trapper zones are folded limbs of the same system or represent different phases of a multi-phase, complex layered mafic intrusion.

Comparable Projects in the Grenville Geological Province:

A Map of the Grenville Geological Province

The Grenville Geological Province is known for its significant deposits of iron, titanium, vanadium (Fe-Ti-V), and Platinum Group Metals (PGM). A key comparison point is North America’s largest titanium-vanadium project, located at Lac Tio in Quebec, just southwest of SAGA’s Radar Project. Notably, both projects share the same rich geological setting.

Strategic Resources is a Montreal-based development company focused on vanadium, high-purity iron ore and titanium with their BlackRock project located in Quebec west of Lac Tio right on the Grenville Front (as seen in the map above).

Like, the Radar Ti-V project, these projects all have basement rock dated over 1 billion years old, and all share components of the deep-rooted mafic rock of the Grenville Province.

Strategic Resources completed an amended feasibility study 1 on March 26, 2024, on the Southwest deposit hosted within the BlackRock project confirming a proven and probably reserve of 127.8Mt with 0.46% V2O5, 40.2% Fe2O3 and 7.8% TiO2. The Southwest deposit spans 2.5km in length and averaging 110m in mineralized thickness with a projected mine life of 39 years. The projected financial outcome of the mine estimates after-tax cashflows of C$12.055 billion with a 5.4-year payback period including an after-tax net-present-value (8%) of C$1.932 billion and an 18.2% after-tax internal rate of return.

Michael Garagan, CGO & Director of Saga Metals Corp. commented: ‘All the final preparations are underway in Labrador. Equipment and fuel have been shipped and will arrive any day. Core logging and on-site lay down areas are being prepared. Our team, including myself, and the drilling contractors are all set to arrive early next week with our first diamond drill turning shortly thereafter. This project is a testament to our corporate mandate of completing the necessary due diligence and robust investigation to find exploration worthy grass roots projects. Radar has the potential of unlocking value with our first zone; one of potentially multiple zones on our property confirming high-grade mineralization at surface in a 1km by 4km area and potentially over 600m at depth. Needless to say, we are very excited to commence drilling on two projects in Q1.’

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18-kilometer east-west trend, with a confirmed 14-kilometer section producing samples as high as 0.4281% U 3 O 8 and spectrometer readings of 22,000cps.

In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

SAGA also holds secondary exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com

Qualified Person

Peter Webster P.Geo. CEO of Mercator Geological Services Limited is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V Project disclosed in this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Cautionary Disclaimer

    This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s petrographic and geophysics results as well as plans and objectives in respect of the planned drill programs. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6efecc4b-7fc0-41f4-b486-83682baeaab3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/af8d640a-297d-4eb5-bcd6-2383c75eac39

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8d6edbbb-25d7-4ffd-b52f-476de67ad3e8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2e65cc83-ef10-4566-9020-52a3f66e2ef7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/770f1a02-2050-4284-807c-38b4d46b072c

    News Provided by GlobeNewswire via QuoteMedia

    This post appeared first on investingnews.com

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    India achieves first space docking, becoming fourth country to achieve major milestone

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    India on Thursday became the fourth country to successfully achieve an unmanned docking in space, a feat seen as pivotal for future missions as New Delhi cements its place as a global space power.

    The United States, Russia and China are the only other countries to have developed and tested the docking capability.

    “Spacecraft docking successfully completed! A historic moment,” the Indian Space Research Organization (ISRO) said on X.

    The Indian space agency’s mission, called the Space Docking Experiment (SpaDex), involved deploying two small spacecraft, weighing about 220 kilograms each, into low-earth orbit. The two spacecraft, called Target and Chaser, blasted off from the Satish Dhawan Space Center in southern Andhra Pradesh state on December 30 aboard an Indian-made PSLV rocket.

    On Thursday, they conducted a rendezvous before docking together.

    India’s “SpaDex mission marks the beginning of a new era in space exploration, showcasing India’s technological prowess and ambition,” Minister for Space Jitendra Singh said on X at the time it launched.

    In-docking technology is critical for future space endeavors, such as satellite servicing and when multiple rocket launches are required to achieve mission objectives.

    Domestically developed docking technology will be crucial if India is to succeed in advancing its ambition of putting an Indian national on the moon, building a home-grown space station, and returning lunar samples, according to the ISRO.

    The technology will allow India to transfer materials from one satellite or spacecraft to another, such as payloads, lunar samples or, eventually, humans in space, Singh told reporters at a press conference on December 31.

    As part of the mission, the docked spacecraft will also demonstrate the transfer of electric power between them, once they are linked. This is essential for operating in-space robotics, spacecraft control, and payload operations during future missions.

    Before the docking, India on Sunday conducted a “trial attempt” where the two satellites were brought progressively closer together in orbit until they reached 3 meters apart, before moving back to a “safe distance.”

    The successful docking came after the experiment was twice postponed on January 7 and 9 due to technical issues, and the spacecraft drifting more than expected during a maneuver to bring them closer together.

    A global space race

    India’s space ambitions have accelerated under Prime Minister Narendra Modi, who was elected to a third term last June and who has tried to assert India’s place on the global stage.

    In 2023, India joined an elite space club becoming the fourth country to land a spacecraft on the moon. The historic Chandrayaan-3 mission, the first to make a soft landing close to the moon’s unexplored South Pole, has collected samples that are helping scientists understand how the moon was formed and evolved over time.

    As part of its ambitious plans, India aims to launch its first crewed mission to space in the next few years, and put an astronaut on the moon – a feat only ever achieved by the US – by 2040.

    The country has also set its sights on building its own space station by 2035, which will be called the “Bharatiya Antariksha Station,” and launching its first orbital mission to Venus in 2028. It also plans to return moon samples as part of its ongoing lunar Chandarayaan program in 2027.

    India has also made a major push to commercialize its space sector in recent years, allowing private enterprise and easing approvals for foreign investment, which has focused on building and launching small satellites into low-Earth orbit more cheaply.

    For Sunday’s docking experiment, the rocket and spacecraft were integrated and tested at private company Ananth Technologies, in a first for the country.

    This post appeared first on cnn.com

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    Voting begins in quake-ravaged Pacific nation of Vanuatu

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    Sydney (Reuters) — Voting began on Thursday to elect a new government in Vanuatu, a month after a 7.3-magnitude earthquake struck the Pacific island nation’s capital Port Vila, killing at least 16 people, triggering landslides and damaging several major buildings.

    A snap election had to be called after Vanuatu President Nikenike Vurobaravu in November dissolved the parliament following a no-confidence motion against him and Prime Minister Charlot Salwai.

    Vanuatu has experienced 18 months of political instability, with three prime ministers in that time.

    The country’s constitution requires an election within 60 days after the dissolution of parliament. There are more than 300,000 registered voters to elect representatives for 52 seats.

    Official results could be available only after several days as ballots have to be brought to Port Vila from outlying islands.

    Despite widespread damage from the earthquake, Vanuatu’s Principal Electoral Officer Guilain Malessas said the distribution of ballot boxes would be completed by Thursday morning.

    “We are grateful for the good weather conditions currently in Vanuatu. The deployments are proceeding safely and on time,” Malessas told the Vanuatu Daily Post on Wednesday.

    Among the buildings damaged in December’s earthquake was one housing the new U.S. embassy, which only opened last year.

    Washington has been working to boost its diplomatic presence in the Pacific to counter what it sees as a growing threat from China, its main strategic rival.

    This post appeared first on cnn.com

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    UK leader arrives in Ukraine for security talks with Zelensky ahead of Trump’s inauguration

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    Kyiv, Ukraine (AP) — British Prime Minister Keir Starmer arrived in Ukraine Thursday with a pledge to help guarantee the country’s security for a century, days before Donald Trump is sworn in as US president.

    The British government says Starmer and Ukrainian President Volodymyr Zelensky will sign a “100-Year Partnership” treaty in Kyiv, covering areas including defense, science, energy and trade.

    Starmer’s unannounced visit is his first trip to Ukraine since he took office in July. He visited the country in 2023 when he was opposition leader, and has twice held talks with Zelensky in 10 Downing Street since becoming prime minister.

    One of Ukraine’s biggest military backers, the UK has pledged 12.8 billion pounds ($16 billion) in military and civilian aid to Ukraine since Russia’s full-scale invasion three years ago, and has trained more than 50,000 Ukrainian troops on British soil. Starmer is due to announce another 40 million pounds ($49 million) for Ukraine’s post-war economic recovery.

    But the UK’s role is dwarfed by that of the United States, and there is deep uncertainty over the fate of American support for Ukraine once Trump takes office on January 20. The president-elect has balked at the cost of US aid to Kyiv, says he wants to bring the war to a swift end and is planning to meet Russian President Vladimir Putin, for whom he has long expressed admiration.

    Kyiv’s allies have rushed to flood Ukraine with as much support as possible before Trump’s inauguration, with the aim of putting Ukraine in the strongest position possible for any future negotiations to end the war.

    Zelensky has said that in any peace negotiation, Ukraine would need assurances about its future protection from its much bigger neighbor.

    Britain says its 100-year pledge is part of that assurance, and will help ensure Ukraine is “never again vulnerable to the kind of brutality inflicted on it by Russia,” which seized Crimea from Ukraine in 2014 and attempted a full-scale invasion in February 2022.

    The deal commits the two sides to cooperate on defense — especially maritime security against Russian activity in the Batlic Sea, Black Sea and Sea of Azov — and on technology projects including drones, which have become vital weapons for both sides in the war. The treaty also includes a system to help track stolen Ukrainian grain exported by Russia from occupied parts of the country.

    “Putin’s ambition to wrench Ukraine away from its closest partners has been a monumental strategic failure. Instead, we are closer than ever, and this partnership will take that friendship to the next level,” Starmer said ahead of the visit.

    “This is not just about the here and now, it is also about an investment in our two countries for the next century, bringing together technology development, scientific advances and cultural exchanges, and harnessing the phenomenal innovation shown by Ukraine in recent years for generations to come.”

    Zelensky says he and Starmer also will discuss a plan proposed by French President Emmanuel Macron that would see troops from France and other Western countries stationed in Ukraine to oversee a ceasefire agreement.

    Zelensky has said any such proposal should go alongside a timeline for Ukraine to join NATO. The alliance’s 32 member countries say that Ukraine will join one day, but not until after the war. Trump has appeared to sympathize with Putin’s position that Ukraine should not be part of NATO.

    As the grinding war nears the three-year mark, both Russia and Ukraine are pushing for battlefield gains ahead of possible peace talks. Ukraine has started a second offensive in Russia’s Kursk region, where it is struggling to hang onto a chunk of territory it captured last year, and has stepped up drone and missile attacks on weapons sites and fuel depots inside Russia.

    Moscow is slowly taking territory at the cost of high casualties, along the 600-mile (1,000-kilometer) front line in eastern Ukraine and launching intense barrages at Ukraine’s energy system, seeking to deprive Ukrainians of heat and light in the depths of winter. A major Russian ballistic and cruise missile attack on regions across Ukraine on Wednesday, and compelling authorities to shut down the power grid in some areas.

    This post appeared first on cnn.com

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    Even world leaders receive scam calls. Just ask Thailand’s prime minister

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    We are all vulnerable to the rapid spread of phone scams – including, it seems, world leaders. Thailand’s prime minister has revealed she got a call from an AI system, demanding money in the voice of another famous head of government.

    Paetongtarn Shinawatra did not reveal who the computer was mimicking, but said she received a message in a voice identical to a well-known leader.

    “The voice was very clear, and I recognized it immediately. They first sent a voice clip, saying something like, ‘How are you? I want to work together,’ and so on,” Paetongtarn said.

    She said she later missed a call from the same number, then received a voice message which cut to the chase: “They sent another voice message asking for a donation, saying, ‘You are the only country in (the Association of Southeast Asian Nations) that hasn’t donated yet,’ emphasizing it. I was taken aback for a moment and realized something was off.”

    She said whoever sent the message “probably used AI to take the voice” of the unnamed world leader.

    Scams or scam centers are not uncommon in Southeast Asia. In recent years, investigators say transnational crime organizations have exploited technological advances and the civil war in Myanmar to build a billion-dollar industry scamming people across the world.

    In January, a Chinese actor flew to Bangkok for what he thought was a casting call for a movie. Instead, he was picked up at the airport and driven to a scam center in Myanmar’s Myawaddy, a notorious cyber-fraud hub across the border from Thailand.

    This is also a problem for thousands of ordinary people who are lured to Thailand with the promise of white-collar jobs, before ultimately being trafficked to criminal hubs in Myanmar where they are held against their will and forced to steal millions in cryptocurrency.

    While many of the scams currently use phone calls and traditional messaging, there have been warnings that, as AI technology advances in leaps and bounds, millions of people could fall victim to scams using artificial intelligence to clone their voices.

    Last year, OpenAI, the maker of generative AI chatbot ChatGPT, unveiled its voice replication tool, Voice Engine, but didn’t make it available to the public at that stage, citing the “potential for synthetic voice misuse.”

    Paetongtarn, who began her political career in 2021 as the chief of the Pheu Thai’s party Inclusion and Innovation Advisory Committee, became prime minister in August 2024.

    She is the third member in her family’s political dynasty to serve as prime minister following her father and aunt, who served for five and three years respectively.

    This post appeared first on cnn.com

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