January 2025

The Dominican Republic deported more than 276,000 Haitians in 2024, the country’s Immigration Directorate said Wednesday.

In the last three months of the year alone, over 94,000 people were deported under a new operation aiming to remove up to 10,000 undocumented Haitians per week, ordered by the Dominican Republic’s National Security and Defense Council headed by President Luis Abinader.

Dominican authorities also deported 48,344 Haitians during the January-March quarter, 62,446 between April-June, and 71,414 from July to September, according to the statement.

Government spokesman Homero Figueroa told reporters in October that the government ramped up deportations to address an “excess” of Haitian migrants in the Dominican Republic, which shares an island with Haiti. The two countries have long seen an informal flow of people across their shared border.

Haiti’s then-Foreign Minister Dominique Dupuy condemned “brutal scenes of raids and deportations,” and demanded justice for “dehumanizing acts” against her compatriots. Dominican authorities maintain that the deportations are carried out in compliance with human rights.

In October, Reuters footage captured dozens of migrants crammed into caged Dominican Republic law enforcement trucks heading to Haiti. Aid organizations have rushed assistance to the Haitian side of the border to assist the thousands of deportees.

The mass deportations come amid worsening political and social crisis in Haiti; gangs are estimated to control more than 80% of the country’s capital, Port-au-Prince.

This post appeared first on cnn.com

Massive ‘space object’ fragment crashes into remote village in Kenya

A huge red-hot object fell from the sky into a Kenyan village on Monday afternoon according to local residents cited by Kenya’s National Broadcaster, prompting an immediate investigation by the country’s national space agency.

The object has since been identified as a “fragment of a space object,” Kenya’s Space Agency (KSA) said in a statement Wednesday.

KSA said it has taken custody of the object that landed in the remote Mukuku Village, describing it as apparent space junk measuring 2.5 meters (about 8 feet) wide and weighing 500 kg (about 1,100 pounds).

“The Agency wishes to clarify that the object, a metallic ring measuring approximately 2.5 meters in diameter and weighing about 500 kg is a fragment of a space object,” KSA said.

Preliminary assessments suggest it is a separation ring from a rocket, KSA said, noting that space debris more typically falls into the ocean or burns up before entering the earth’s atmosphere.

The fallen object is likely an isolated case and is still under investigation, KSA also said.

Julius Rotich, Mbooni Sub County Police Commander told Kenya’s National Broadcaster that the object was still hot when officers arrived Monday, and that residents had to be cordoned off from the area until it cooled down.

The broadcaster showed images of police tape wrapped around the ring that had fallen into some trees and brush, as residents gathered around.

KSA is analyzing the object and working to confirm where exactly it came from, it said.

This post appeared first on cnn.com

Israeli government pressed to reveal location of detained Gaza hospital director

A human rights group has filed a petition with Israel’s top court demanding to know the whereabouts of a prominent Palestinian hospital director detained by the Israeli military.

Dr. Hussam Abu Safiya has not been seen publicly since he was arrested during an Israeli raid late last month that closed Kamal Adwan Hospital – the last major functioning health facility in northern Gaza.

Physicians for Human Rights – Israel (PHRI) said in a statement Thursday that it filed the petition with the High Court after receiving a response to an inquiry from the Israeli military claiming that it had “found no indication of the arrest or detention of the individual in question.”

It made similar allegations about the hospital and its director around the time of the raid on the facility, without providing evidence for the claims.

Israeli forces launched an aerial and ground incursion in several parts of northern Gaza in early October, saying they were targeting Hamas’ renewed presence there. The onslaught has razed streets into carpets of debris, killed entire families, and severely depleted food, water and medical stocks.

‘Great risk of torture’

On Thursday, UN experts said they were “gravely concerned” about the fate of Dr. Abu Safiya, and called on Israeli authorities, as the occupying power in Gaza, to “respect and protect the right to life.”

“The heroic actions of Palestinian medical colleagues in Gaza, teach us what it means to have taken the medical oath. They are also a clear signal of a depraved humanity that has allowed a genocide to continue for well over a year,” the experts said in a statement.

More than 1,057 Palestinian health and medical professionals have been killed in Gaza, according to the statement.

PHRI said it “highlighted [to the High Court] that this case is part of a broader pattern of non-disclosure and unreliable information provided by the Israeli military and prison authorities regarding Palestinian detainees.”

Amnesty International secretary general Agnes Callamard said on X on Thursday that the rights group is “extremely alarmed by the latest information we have received regarding the whereabouts of Dr. Hussam Abu Safiyyah.”

She added that he is “at great risk of torture and ill-treatment,” demanding that Israel reveal where he is.

This post appeared first on cnn.com

Economy

Stock Futures Lower after S&P 500 futures ticked down 0.18%

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Economy

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7%

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.

Stock

Swing Trading with Point & Figure

There are a number of effective swing trading systems being used today. Let’s explore one that is popular among Wyckoffians. It uses two inputs: Point and Figure charts and volume. Let’s review this system with a case study of Charles Schwab Corp. (SCHW).

As markets are fractal, Accumulation and Distribution structures form in daily, weekly and monthly timeframes. Swing trading structures typically form on daily charts that can be identified with 1-box Point & Figure charts and daily vertical bar charts.

Charles Schwab Corp. forms a Swing Trading Accumulation structure between July and October. In July climactic selling (SC) volume ends the decline, and an Automatic Rally (AR) sets the support and resistance of a range-bound condition to follow. Subsequent volume on rallies and reactions tells the tale of latent Accumulation. This chart is rich with Wyckoffian principles, and it has been marked up for your study and evaluation. Let’s turn our attention to the PnF chart to demonstrate how much useful information is present for Swing Trading.

Charles Schwab Corp. (SCHW) Vertical Chart Study

Swing PnF Case Study

Charles Schwab Corp. Swing Trading Case Study. 1-Box PnF

A 1-box PnF chart, properly constructed, will characterize the essential elements of the vertical chart. Note how the PnF strips out much of the noise and highlights the critical chart features. I often hear that traders find volume easier to read and interpret on the PnF chart therefore it is suggested that all PnF charts be plotted with volume. A key feature of PnF charts is the estimation of the price objective determined by the size and structure of the Accumulation. There is no other technique for estimating price objectives as effectively as horizontal PnF counting. PnF is a centuries old, tried and true approach to evaluating and trading financial instruments.

For swing trading purposes, a 1-box reversal PnF is generated using ‘Traditional Scaling’. The up and down swings are clearly revealed with this method. With 1-box PnF the horizontal structure is well defined and the volume patterns are illuminating.

Chart Notes:

Selling Climax (SC) exceeds the Distribution count and finds support at $61. An Automatic Rally (AR) immediately follows and demonstrates emerging demand. A Secondary Test (ST) back to $61, which holds, and confirms this level to be the Composite Operator’s ‘Value Zone’. Volume declines on each reaction back to $61 ST level (support).
Volume expands on each rally (column of X’s) as the Accumulation matures to conclusion. Lower volume on declines and higher volume on the rally columns reveal that supply is diminishing and absorption has occurred. Higher volume on the rising columns is evidence of new demand by institutions. Accumulation is nearly complete.
The pullback to the LPS / BU (see vertical chart) produces a higher low. The turn off that low can be bought with a stop below support. The next entry level is the jump above $65 resistance with a stop below the LPS.
The price objective generated by the horizontal Accumulation is estimated by the PnF. There are 17 columns of count producing $17 of upside price objective (17 columns x $1-scale x 1-point reversal = $17). The percent potential of this swing trade is $17 from the $64 count line ($17/$64 = 26.6%). The price objective range is estimated by adding $17 to the $61 low of the Accumulation and the $64 count line. Producing a count range of $78 / $81.
The Buying Climax is reached at $82. Thereafter $83 is resistance and a Swing Distribution forms in this price zone. When the Swing PnF count objective is attained, profits are taken. In this example the local Buying Climax surge produces an ideal selling zone.

Campaign PnF Case Study

Charles Schwab Corp. Campaign PnF Case Study. 3-Box Method

Stepping out to the larger timeframe is essential. Please study this 3-box reversal PnF. It reaches back into 2022. A Campaign PnF Count Accumulation has potential objectives of up to $101 / $105. Also, the prior high is $83 which happens to be in the area of the Swing PnF price objective and natural resistance. Be on the alert for the generation of a new Swing PnF count structure in the months ahead. Often these Swing counts will coincide with the higher Campaign PnF counts. We will be watching.

All the Best,

Bruce

@rdwyckoff

A Very Happy and Prosperous 2025 to You and Yours!

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

Announcement

Wyckoff Analytics will launch the Spring Semester of their legendary Wyckoff Trading Courses (WTC). The first session of WTC-1 is Complimentary (Click Here to Register for the Free Session). To learn more about these courses and other offerings Click Here.

Stock

Strongest Top 3 S&P 500 Stocks: Will They Lead the Pack in 2025?

The Santa Claus Rally may be iffy, but a 23.31% gain in the S&P 500 ($SPX) for the year isn’t too shabby. It was a stellar year in the stock market, especially for the top 10 weighted stocks in the S&P 500, and that’s worth making a toast as we close out 2024.

In terms of the performance of S&P 500 stocks, Palantir Technologies (PLTR), Vistra Corp (VST), and NVIDIA (NVDA) took the top 3 spots. But performance is just one measure, and there are several other benchmarks. One that’s worth considering is strength, and, as the year winds down, let’s look at which S&P 500 stocks ended the year as the technically strongest ones.

In the Sample Scan Library, if you run the S&P 500 Stocks under Predefined Groups and sort the results by the StockCharts Technical Rank (SCTR, pronounced S-C-O-O-T-E-R) from highest to lowest, PLTR takes the crown, followed by United Airlines Holdings Inc. (UAL) and then Tesla Inc. (TSLA). Let’s look at each of these stocks more closely.

PLTR Stock’s Ride to the Top

When PLTR’s stock went public in 2020, it was volatile — there was a lot of chatter about the stock in the media. But in 2022, the stock went through a slump. In 2023, it started showing signs of resurfacing, gaining strength, getting clobbered, and reviving itself before making its way to the top of the performance and strength category.

The daily chart below shows that PLTR’s stock price has had a SCTR score above 76 since early June 2024. During that time, the stock price stayed above its 50-day simple moving average (SMA), except for in August when it dipped below it for two trading days.

FIGURE 1. PLTR STOCK ENDED THE YEAR WITH THE HIGHEST SCTR SCORE. The stock has been in an uptrend since mid-2024.Chart source: StockCharts.com. For educational purposes.

PLTR stock was up 340.59% for the year and ended the year with a SCTR score of 99.7.

UAL Stock Takes Off

Airline stocks, in general, were hit hard by COVID-19, and the recovery has been slow. However, the resumption of travel by US consumers in 2024 helped many airline stocks, especially UAL.

After trading relatively sideways from 2020 to mid-2024, UAL’s stock price started a steep ascent in mid-September 2024. It crossed above its 50-day SMA and has remained above it for the year, hitting its altitude and now cruising at that level with some turbulence (see daily chart of UAL).

FIGURE 2. DAILY CHART OF UAL STOCK PRICE. Since September 2024, UAL has ascended steeply and hit cruising altitude.Chart source: StockCharts.com. For educational purposes.

The SCTR score has remained above 76 since September 16. UAL stock gained 134.34% in 2024 and ended the year with a SCTR score of 99.1.

TSLA Stock’s Wild Ride

TSLA is a stock that has been front and center in investors’ minds and is one of the most actively traded stocks in the S&P 500. The price gained traction towards the end of 2019 and, even though it had a rough 2022 and a pretty choppy 2023, TSLA’s stock has shown its might towards the second half of 2024 (see daily chart of TSLA).

FIGURE 3. TSLA STOCK’S A LITTLE CHOPPY. Although it has had its ups and downs, the stock rallied during the last quarter of the year.Chart source: StockCharts.com. For educational purposes.

Since the end of October, TSLA’s SCTR score has remained above 76 and the stock price has remained above its 50-day SMA. TSLA’s stock price gained 62.52% in 2024 and ended the year with a 98.4 SCTR score.

The Bottom Line

Will these three stocks — PLTR, TSLA, and UAL — remain strong in 2025? Be sure to add them to your ChartLists so you can keep an eye on their performance.

If the SCTR score remains high, consider adding positions when price pulls back and reverses with a follow-through. If the stocks show signs of weakening, it’s time to reevaluate. Identify which stocks are taking their place, analyze each one, and determine if adding the strong ones can add muscle to your portfolio.

Scanning for S&P 500 stocks with high SCTR scores is relatively simple to do in StockCharts. There are many other scans to explore in the Sample Scan Library. The nice thing is the scans are already built for you — coding skills are not necessary! It’s something to consider for 2025.

Investing

Sona Nanotech’s THT Cancer Studies Demonstrates Strong Efficacy in Third Preclinical Study and Plans for First-in-human Early Feasibility Study

Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the ‘Company’, ‘Sona’) announces results from its most recent preclinical study of its Targeted Hyperthermia Therapy (‘THT’) which uses the Company’s patented, biocompatible gold nanorods (‘GNRs’) to treat certain solid cancer tumors, shrinking them and acting as an immune stimulator. Building on its success in melanoma and breast cancer studies, the Company’s third preclinical efficacy study was conducted in an immunologically ‘cold’ colorectal cancer model (‘CT26’), a model that represents the majority of human colon cancers, which do not typically respond to current standard of care immunotherapies.

In this preliminary study, whereas no mice that were given standard immunotherapy alone showed any response, 100% of mice in the THT treatment group responded to the same immunotherapy with 50% (4 out of 8) of those tumors eliminated within 12 days of treatment, as shown by the green line in Figure 1, below.

Sona Nanotech CEO, David Regan, commented, ‘The further preclinical evidence presented in compelling data gives us greater confidence as to Sona’s THT’s ability to prime non-responding tumors, thereby enhancing immunotherapy’s ability to respond. As we move closer towards securing early feasibility studies to gain human data, we look forward to sharing concrete examples of THT’s ability to lift the response rate of immunotherapies for patients suffering from cancer.‘

Preliminary detailed cellular analysis of THT-treated tumors revealed increased immune cell infiltration into the tumor microenvironment with elevated expression of PD-1 receptors on both CD4+ T-helper cells and CD8+ cytotoxic T cells. The elevated expression of PD-1 and heightened immune cell activation further supports the notion that THT primes the tumor microenvironment for enhanced responsiveness to standard checkpoint blocking immunotherapies. The immunotherapy used in this study was a PD-1 checkpoint inhibitor as it is the predominantly prescribed treatment for cancer. Research is ongoing in this model and will be subjected to peer review.

Study principal investigator and Sona Chief Medical Officer, Dr. Carman Giacomantonio, commented, ‘Colon cancers in humans are typically immunogenically ‘cold’ tumors in that they are highly resistant to current leading immunotherapies. As such, our success in eliminating these difficult preclinical tumors is profound and provides evidence of our ability to convert these cold tumors into ones that will respond to immunotherapies. Further biomarker analysis on the 50% of animals that were completely cleared of tumors will determine the extent to which Sona’s THT can produce lasting immune protection against cancer recurrence, and we look forward to sharing those results.’

Figure 1: Tumor Volume in Preclinical Colorectal Cancer Study of Sona’s Targeted Hyperthermia Therapy

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5500/233333_2faff2837430c99f_001full.jpg

The Company is currently working with a contract research organization specializing in medical device clinical trials to secure a site for the Company’s previously announced intention to deliver a first-in-human early feasibility study (‘EFS’) in 2025. The Company has developed its clinical trial protocol and THT system administration instructions package and related documents for clinical application. The Company will continue to provide updates on the status of its progress towards an EFS study as significant milestones are achieved, including clinical trial site selection and trial commencement.

The Company is hosting a webinar today, Wednesday, December 11^th at 11am EST to discuss the results of its colorectal cancer preclinical efficacy study and its future plans. Interested parties can register here:

https://us06web.zoom.us/webinar/register/WN_apH56PLBRQykllF9bcvTrA

A recording of the webinar will be available tomorrow in the Investor Information section of the Company’s website.

Contact:

David Regan, CEO
+1-902-442-0653
david@sonanano.com

About Sona Nanotech Inc.
Sona Nanotech, a nanotechnology life sciences company, is developing Targeted Hyperthermia, a photothermal cancer therapy, which uses therapeutic heat to treat solid cancer tumors. The heat is delivered to tumors by infrared light that is absorbed by Sona’s gold nanorods in the tumor and re-emitted as heat. Therapeutic heat (42-48°C) stimulates the immune system, shrinks tumors, inactivates cancer stem cells, and increases tumor perfusion – thus enabling drugs to reach all tumor compartments more effectively. The size, shape, and surface chemistry of the nanorods target the leaky vasculature of solid tumors, and the selective thermal sensitivity of tumor tissue enables the therapy to deliver clean margins. Targeted Hyperthermia promises to be safe, effective, minimally invasive, competitive in cost, and a valuable adjunct to drug therapy and other cancer treatments.

Sona has developed multiple proprietary methods for the manufacture of gold nanoparticles which it uses for the development of both cancer therapies and diagnostic testing platforms. Sona’s gold nanorod particles are cetyltrimethylammonium (‘CTAB’) free, eliminating the toxicity risks associated with the use of other gold nanorod technologies in medical applications. It is expected that Sona’s gold nanotechnologies may be adapted for use in applications, as a safe and effective delivery system for multiple medical treatments, subject to the approval of various regulatory boards, including Health Canada and the FDA.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation, including statements regarding the anticipated applications and potential opportunities of Targeted Hyperthermia Therapy, Sona’s preclinical and clinical study plans, Sona’s intention to submit preclinical study results for peer reviewed publication, future patent filings and its product development plans. Forward-looking statements are necessarily based upon a number of assumptions or estimates that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements, including the risk that Sona may not be able to successfully obtain sufficient clinical and other data to submit regulatory submissions, raise sufficient additional capital, secure patents or develop the envisioned therapy, the risk that Sona’s intended publications may not be accepted by a leading scientific journal and the risk that THT may not prove to have the benefits currently anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sona disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233333

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Investing

GMV Minerals

Investor Insight

GMV Minerals is an attractive investment proposition with both gold and lithium projects that have compelling market economics, in well-established mining jurisdictions in the USA.

Overview

Junior exploration and development company GMV Minerals (TSXV:GMV,OTCQB:GMVMF) is advancing two major projects in Arizona and Nevada, both positioning the company to take full advantage of a continuing gold bull market and the exponentially rising demand for lithium – a mineral facilitating the global push for decarbonization and energy transition.

The Mexican Hat gold project, located in Arizona, is a high-quality, 5,000-acre gold asset with an inferred resource of 688,000 ounces of gold and compelling positive preliminary economic assessment, including a 10-year mine life, low CAPEX and very strong pre-tax NPV.

In Nevada, GMV has a three-year option agreement to earn a 100 percent interest in the Daisy Creek lithium project located in Lander County. Nevada currently hosts the only producing lithium mine in North America, and is home to Thacker Pass, the largest known lithium deposit in the US. GMV now controls or owns 165 lode claims covering 3,408 acres at Daisy Creek. The claims are close to operating gold mines and have access to existing power lines, water and paved highways. Following a high-resolution radiometric and magnetic helicopter survey in October 2023 and a field sampling program in December 2023, GMV is now drill-permitted to test the Nevada property.

Company Highlights

GMV Minerals is a junior gold development company focusing mainly on its gold asset Arizona and recently acquired lithium option in Nevada.
Mexican Hat hosts an inferred 688,000 ounces of gold, excellent metallurgical results and a low strip ratio.
In Nevada, GMV has a three-year option agreement to earn a 100 percent interest in the Daisy Creek lithium project located in Lander County.
Both Daisy Creek and Mexican Hat are situated in safe, mining-friendly jurisdictions with readily available and experienced service providers. Each asset is also situated close to existing infrastructure, further reducing initial capex.
GMV is also noteworthy for its tightly held share structure, with 24 percent of shares held by management and advisors.

Key Projects

Mexican Hat

A low-sulphidation epithermal gold deposit, GMV’s 100-percent owned Mexican Hat contains an estimated gold resource of 688,000 ounces across 5,000 acres. As GMV’s flagship project, the company aims to further expand this resource through drilling, ultimately moving from an inferred resource estimate to a measured and indicated estimate. The mine development itself will consist of two pits — a smaller southeast pit will be mined first, followed by a larger pit to the north.

Mexican Hat project in Arizona

Highlights:

Established Infrastructure: Located in close proximity to considerable transportation and power infrastructure, and a skilled workforce.
Well-established Mining Process: GMV plans to extract minerals from Mexican Hat through heap leaching, a mining process known for its low capital investment and operating costs, fast payback, lack of tailings, low energy and water requirements, and simple setup and operation.
Area Geology: Primary mineralization consists of gold and oxides in a metasomatic assemblage of chlorite, carbonate, epidote and minor silica arranged along a series of fractures and fault zones within a tilted conformable package of tertiary rock.

Daisy Creek Lithium Project

View across the Basin showing historical trenching from the 1970s; material trenched is a claystone.

Located in Lander County, Nevada, Daisy Creek consists of 165 lode claims. Initially targeted for uranium by multiple oil and mining companies in the late 1970s and early 1980s, the project instead proved rich in lithium, displaying values of up to 2 percent in clay-altered volcanic tuffs, which geologists noted was likely hectorite-based.

Because there was very little demand for lithium at the time, Daisy Creek largely sat ignored and forgotten. It was not until several decades later that two of the geologists involved in the project’s original drilling program noted multiple similarities between Daisy Creek and Lithium America’s highly prospective Thacker Pass discovery. GMV plans to conduct a field program to confirm these observations.

Highlights:

Full Ownership: In May 2023, GMV entered into a three-year option agreement with Daisy Creek’s original owner, which will see it eventually gain a 100 percent interest in the project.
Pre-existing Infrastructure: Daisy Creek is situated near several operating gold mines and has access to power, water and paved highways, considerably lowering the initial capital investment that will be required to develop the project.

Management Team

Ian Klassen — President and CEO

Ian Klassen has 30 years of experience in public company management, public relations, government affairs, entrepreneurship, media relationship strategies and project management. Klassen is the president of a North American mineral exploration company and sits on the board of directors of several private and public companies. Previous to his management activities within private and public companies, he held a variety of positions within federal Canadian politics, including as senior political advisor to the Minister of State (Transportation), and as chief of staff, Office of the Speaker of the Canadian House of Commons. Klassen graduated with an undergraduate honors degree from Western University in 1989. In 1992, he received the Commemorative Medal for the 125th Anniversary of the Confederation of Canada in recognition of his significant contribution to his community and country.

Dr. D.R. Webb — Acting Project Manager

Dr. D.R. Webb graduated with a geological engineering degree from the University of Toronto, where he obtained awards for the highest marks in both third-year and fourth-year field camps. He obtained his M.Sc. and Ph.D. in geological sciences at Queen’s University and Western University, respectively, where his focus was on the structural and geochemical controls of gold mineralization in the Yellowknife Greenstone Belt. Webb is credited for discovering both the largest granitic-hosted gold deposit in the Northwest Territories and the largest gold deposit in the Yellowknife Greenstone Belt found in the past 30 years. He served as president and director of Tyhee Gold, where he and his team developed a high-grade gold deposit into production, becoming Mongolia’s first hard-rock gold mine. He later advanced his discoveries in Yellowknife into a multimillion-ounce resource, completed economic and engineering analysis and initiated both feasibility studies and permitting.

Webb also developed the Mon Gold Mine into the most recently permitted gold mine in the Yellowknife Gold Belt, operating for seven years and then shutting down in 1997. Webb is a consultant to the industry, providing services throughout the world and sits on the board of Lake Victoria Mining Company and Metallis Resources, several private corporations, and is on the advisory council for the Centre of Training Excellence in Mining. Webb co-authored the qualifying report on Fortune Minerals’ Nico Deposit, recommending the acquisition of what is now the largest bismuth resource in the world.

Michele Pillon — Chief Financial Officer

Michelle Pillon is an accountant with several years of experience in the junior mining exploration sector. Since 1988, Pillon has been providing accounting and regulatory assistance to public and private companies.

This post appeared first on investingnews.com

Investing

CEOL Application and Amended 2024 Interim Results for ASX listing

CleanTech Lithium PLC (‘CleanTech’ or the ‘Company’), an exploration and development company advancing lithium projects in Chile for the clean energy transition, provides an update on the Laguna Verde CEOL application (CEOL Application Update) and on the Company’s amended unaudited financial results for the six months ended 30 June 2024 (Interim Results) first published on 30 September 2024.

CEOL Application Update

On 28 November 2024, the Company confirmed it was on course to submit its application for the Special Lithium Operating Contract (‘CEOL’) for its Laguna Verde project by 31 December 2024. The 31 December 2024 deadline was initially set by the Chile Government Mining Ministry (the ‘Ministry’) and served as the basis on which the Company timed its CEOL application. Since setting that initial deadline, the Ministry, in addition to announcing it would consider CEOL applications from private companies on a further six projects, announced it was extending the deadline for CEOL application submissions by one month, to 31 January 2025. Notwithstanding the extended deadline, the Company intends to submit its CEOL application in the early part of January 2025, well in advance of the new deadline, and announce same once made.

The Company is encouraged by recent progress on its CEOL application. The application itself will be a substantial document, supported by an extensive collection of technical, operational and financial data produced and gathered from activities at Laguna Verde over the last 3-4 years. The Company believes it is well-placed to secure the award of the CEOL and meet specific criteria, established by the Ministry, to allow applicants to enter into direct discissions with the Ministry and avoid the need for any subsequent public tender process.

Review and amendment of 2024 Interim Financial Results for ASX listing

In progressing the documentation to support the Company’s proposed dual listing on ASX, it has been necessary for the Interim Results to be independently reviewed by the Company’s auditor.

As a result of that review, the Company has reconsidered its interpretation of the accounting standards related to the recognition of the commissions and warrants associated with the issuance of Loan Notes, which were first announced on 1 July 2024. Following the reinterpretation of guidance, the fair value of warrants and the commissions directly linked to the Loan Notes are now recognised as a part of the liability within the statement of financial position and will be amortised to the income statement over the life of the Loan Notes. This differs from the original (incidentally more prudent) treatment, which recorded the full value of the commissions and warrant fair value in the income statement upon initial recognition. As a result, the Loan Note liability is now shown as £1.5 million (previously reported as £2.1 million) with an operating loss for the period of £2.2 million (previously reported as £2.8 million). Any other changes to the Interim Results are a consequence of those changes or reflect typographical corrections.

A copy of the reviewed and amended financial results for the six-month period ended 30 June 2024 is available for investors on the Company’s website https://ctlithium.com/investors/circulars-documents/

For further information contact:
CleanTech Lithium PLC
Steve Kesler/Gordon Stein/Nick Baxter	Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222
	Or via Celicourt
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani	+44 (0) 20 7770 6424 cleantech@celicourt.uk
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak	+44 (0) 20 7628 3396
Fox-Davies Capital Limited (Broker)	+44 (0) 20 3884 8450
Daniel Fox-Davies	daniel@fox-davies.com
Canaccord Genuity (Broker) James Asensio	+44 (0) 20 7523 4680

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.

CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction www.ctlithium.com

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