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Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce that further to its news release dated December 23rd, 2024, the Company has completed a third tranche of the previously announced non-brokered private placement (the ‘Placement’) of 3,135,800 units of the Company (each, a ‘Unit’) at a price of $0.30 per Unit for aggregate gross proceeds of $940,740. Each Unit is comprised of one common share (a ‘Common Share’) of the Company and one Common Share purchase warrant (a ‘Warrant’), each such Warrant entitling the holder to acquire one additional Common Share for a period of two years from the date of issuance at an exercise price of $0.40 per Common Share. The net proceeds of the Offering will be used by the Company for exploration and working capital.

In connection with the Offering, the Company shall pay total cash finders’ fees on Feb.14, 2025 of $21,720 and a total of 72,400 finder’s warrants are being issued.

Quimbaya is also pleased to announced that due to strong investor demand, the private placement has been increased to $3,000,000 on the same terms and is expected to close on or before February 21st, 2025.

‘We are very encouraged with the additional investor interest and enthusiasm for the high-grade discovery potential of our Colombian gold projects that we anticipate commencing drilling in the coming months,’ stated Alexandre P. Boivin, President and CEO.

Included as part of the private placement, Quimbaya has completed debt settlements (the ‘Debt Settlement’) with certain creditors of the Company (the ‘Creditors’) also announced on December 23th, 2024, pursuant to which the Company issued to the Creditors, and the Creditors agreed to accept, an aggregate of 484,068 Units in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $146,103.40.

All securities issued in connection with the Placement and the Debt Settlement are subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The Company has issued an aggregate of 116,666 Units pursuant to the Placement, to Olivier Berthiaume (CFO and director of Quimbaya) who are considered ‘related parties’ of the Company (the ‘Interested Parties’), in each case constituting, to that extent, a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (‘MI 61-101’). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the Interested Parties in the Placement in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Placement nor the securities issued in connection therewith, in so far as the Placement involves the Interested Parties, exceeds 25% of the Company’s market capitalization.

The Company also announces that William DeJong has stepped down from the Board of Directors and continues to support the company as advisor and counsel.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the ‘U.S. Securities Act’), or any U.S. state securities laws, and such securities may not be offered or sold within the United States or to any U.S. person absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements. ‘United States’ and ‘U.S. person’ have the respective meanings ascribed to them in Regulation S under the U.S. Securities Act.

About Quimbaya

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Jason Frame, Manager of Communications jason.frame@quimbayagold.com

Quimbaya Gold Inc.
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Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, the anticipated use of proceeds of the Offering; closing of an additional tranches, if any; future drilling and anticipated timing thereof; are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates,’ or variations of such words and phrases or statements that certain actions, events or results ‘may,’ ‘could,’ ‘should’ or ‘would’ or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company’s securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company’s business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

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/240883

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the ‘Company’ or ‘Spearmint’) wishes to announce that it has acquired the ‘Sisson North Tungsten Project’ in New Brunswick directly bordering the Sisson Tungsten Mine. This new project consists of 2,582 contagious acres prospective for tungsten.

James Nelson, President of Spearmint stated, ‘We feel that with the tariff issues that are now very present, tungsten will be one of the most sought after domestically sourced strategic metals. Similar to our foray into antimony, management feels that the China stranglehold will create a demand for tungsten and antimony as the supply chain tightens. We feel that diversifying into these sectors gives our shareholders the best opportunity for success especially now that the junior markets have become very buoyant for tungsten as witnessed by the strong movement of companies such as American Tungsten Corp who’s shares have risen from $0.03 cents in October to a high of $2.37 yesterday showing the strong investor demand for tungsten related companies.’ Mr. Nelson went on to say, ‘In addition, we would like to remind the market of our lithium holdings in Clayton Valley, Nevada, which are prospective for both lithium clay & lithium brine, at a time when we feel domestically sourced lithium projects will garner significantly more market interest in 2025. Despite the negative sentiment around lithium and EV’s over the last two years, the recent data clearly shows that EV sales are increasing and the momentum for EV sales globally is in fact strengthening, not weakening.’

As of February 2025, the United States under President Donald Trump has implemented significant tariffs on imports from China, including a 10% duty on nearly all Chinese goods, effective February 4, 2025. In response, China has enacted countermeasures, notably imposing export controls on critical minerals, including tungsten, which is essential for various industries such as aerospace, electronics, and defense.

Tungsten has always been a valuable material due to its unique properties, such as its extremely high melting point, strength, and durability. It is used in a wide variety of applications, including manufacturing hard metals, electronics, lightbulb filaments, and in military and aerospace technologies. However, China’s actions regarding tungsten have made it even more valuable for several reasons:

  1. Supply Control: China is one of the world’s largest producers and exporters of tungsten, controlling a significant portion of global tungsten reserves. By tightening its production and export quotas, China reduces the global supply of tungsten. This limited supply increases the material’s value, as demand remains high but availability becomes constrained.

  2. Increased Demand: As industries evolve, the demand for tungsten in high-tech applications-such as electronics, energy production, and military hardware-has risen. The scarcity of tungsten, due to China’s restrictions, further drives up its market price as industries compete for access to this crucial resource.

  3. Strategic Resource: Tungsten is a critical material for many industries, particularly in defense and aerospace sectors. China’s control over the supply means it can influence the global market and, in some cases, potentially use tungsten as a strategic lever in geopolitical relations, adding to its perceived value.

In short, the combination of China’s tightening control over tungsten production and the growing demand for this critical material has made tungsten even more valuable on the global market.

Recently, China banned exports of critical minerals, including antimony, to the United States. As trade tensions escalate between the United States and China, this move clearly emphasizes the urgent need for Western nations to secure reliable long-term sources of these critical minerals, which are now at the forefront of the global supply chain crisis.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Spearmint Resources Inc.

Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project, the 4,722-acre George Lake South Antimony Project in New Brunswick and the 2,582 acre Sisson North Tungsten Project.

This project was acquired via staking.

For a cautionary note and disclaimer on the crypto diversification, please refer to the news release dated November 12, 2024.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

‘James Nelson’
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240878

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Thailand has received 260 human trafficking victims, more than half of them Ethiopians, from Myanmar, its army said on Thursday, in a massive repatriation that comes amid a mounting crackdown on scam centers operating along a porous border.

Criminal gangs have trafficked hundreds of thousands of people and forced them to work in illegal online operations generating billions annually across Southeast Asia, especially along the Thai-Myanmar border, according to the United Nations.

“After screening the group and verifying their nationalities, it was found that there were 20 nationalities,” the Thai army said in a statement, with 138 of them Ethiopians.

Although these illegal operations have been in place for years, Thai authorities renewed efforts last month after Chinese actor Wang Xing was abducted in Thailand, lured on the promise of an acting job.

He was later freed by Thai police who found him in Myanmar.

On Wednesday, a large group of trafficking victims who were sent back from Myanmar’s Myawaddy area were seen crossing the Moei River to Thailand, where they were directed onto Thai military vehicles as soldiers looked on.

The Democratic Karen Buddhist Army, a Myanmar rebel group based along the Thai border, said it had found around 260 people from unspecified “businesses” when its personnel looked for forced labor in areas under its control.

“We don’t know how they got here,” the outfit’s chief of staff Major Saw San Aung told Reuters. “We are continuing the search of forced labor, and we will send them back.”

Thailand earlier this month cut electricity, fuel and internet supply to parts of Myanmar where the illegal compounds operate, reflecting growing unease in Bangkok over the impact of scam centers on the vital tourism sector.

This post appeared first on cnn.com

Sri Lanka extended power cuts for a third day on Thursday as it scrambled to restore its national grid to full capacity after a monkey triggered a widespread blackout over the weekend that disrupted supply to the island’s 22 million people.

An outage lasting six hours on Sunday was blamed by power minister, Kumara Jayakody, on a monkey that disrupted a grid station in a Colombo suburb. No power cuts were implemented on Wednesday, which was a holiday in Sri Lanka.

The animal had come into contact with the transformer at the station, disrupting supply to the entire country. There were no immediate details on whether the monkey survived the incident.

One-hour power cuts will be implemented from 6 p.m. (12:30 GMT), the island’s state-run power monopoly, the Ceylon Electricity Board (CEB), said in a statement.

Sunday’s disruption also affected the island’s only 900 MW coal fired power plant, causing it to operate in safe mode, the CEB said.

“All efforts are being made to restore the grid to full capacity but power cuts will be implemented to manage peak demand hours in the night,” the CEB statement added.

Ninety-minute power cuts were implemented on Monday and Tuesday to manage demand. An investigation into the outage was being conducted by the energy ministry.

This post appeared first on cnn.com

Ukrainian President Volodymyr Zelensky said a Russian drone struck the destroyed nuclear power plant at Chernobyl near Ukraine’s border with Belarus on Thursday night.

Ukraine’s State Emergency Service later said that the radiation background limits remain within normal limits.

“A Russian attack drone with a high-explosive warhead struck the shelter protecting the world from radiation at the destroyed 4th power unit” at the plant, Zelensky said on X.

The concrete shelter that covers the unit was damaged, Zelensky added and a fire was extinguished. “Radiation levels have not increased and are being constantly monitored. According to initial assessments, the damage to the shelter is significant,” Zelensky said.

The International Atomic Energy Agency said on X that shortly before 2 a.m. local time its team at the Chernobyl site “heard an explosion coming from the New Safe Confinement, which protects the remains of reactor 4 of the former Chernobyl NPP, causing a fire.”

“They were informed that a UAV [drone] had struck the NSC roof,” the IAEA added.

Unit 4 at Chernobyl exploded in 1986, sending extensive clouds of radioactivity across parts of the Soviet Union and Europe. It was later encased in a concrete and steel sarcophagus.

Altogether, on Thursday night, the Ukrainian military reported that Russia fired 133 drones at Ukraine, 73 of which were shot down and 58 did not reach their targets. The numbers are broadly in line with the recent average of drone attacks. It said drones were shot down in 11 regions, covering much of the country.

Zelensky said in his post that the nightly drone attacks on Ukrainian infrastructure meant that Russian President Vladimir Putin “is definitely not preparing for negotiations — he is preparing to continue deceiving the world.”

This is a developing story and will be updated.

This post appeared first on cnn.com

The nuclear-powered aircraft carrier USS Harry S. Truman was involved in a collision with a merchant ship near Egypt in the Mediterranean Sea on Wednesday night, a Navy spokesperson said Thursday.

It’s not clear what caused the collision between the US warship and the Panamanian-flagged vessel Besiktas-M, but the spokesperson said it did not result in any flooding on board the Truman and its nuclear propulsion plants were unaffected.

No injuries were reported on either vessel, though the merchant ship sustained some damage, a Navy official said.

An investigation is ongoing to determine how they collided, but the official noted that the area they were in near the Suez Canal is typically very densely packed with ships.

The Besiktas-M, a 617-foot (188-meter) long bulk carrier, had exited the Suez Canal and was heading to Romania, according to tracking website Marine Traffic.

The Truman, a 1,100-foot-long Nimitz-class aircraft carrier, was heading toward the canal, tracking data indicates.

Marine expert Sal Mercogliano, a professor at Campbell University, said in an X Spaces conversation that the area where the collision occurred, near an anchorage off Egypt’s Port Said, had around 100 ships in it at the time of the incident.

Former US Navy captain Carl Schuster, an instructor at Hawaii Pacific University, said such conditions leave little room for error.

“There is not a lot of room for maneuvering in a restricted seaway and both ships require about one nautical mile to stop,” Schuster said.

Small navigation mistakes, misreading of the other ship’s intentions or delayed decision-making from the crew of either ship could have put them in danger quickly “with very few viable options,” Schuster said.

Last week the Truman was in Souda Bay, Greece, for a “working port visit” after two months of combat operations in the Central Command region, a Navy statement said. During that time, it conducted multiple strikes against Houthi rebels in Yemen and launched airstrikes against ISIS in Somalia, the Navy said.

The Truman is one of 11 aircraft carriers in the US Navy fleet.

Accidents involving the huge ships and commercial vessels are rare as the carriers usually travel with a strike group, protected by a screen of destroyers.

But ships entering the Suez Canal must travel in single file, which could make them more vulnerable to a collision, experts said.

The last known time a US carrier collided with a merchant vessel was on July 22, 2004, when a dhow, a sailing vessel common in the Middle East, struck the former USS John F. Kennedy in the Persian Gulf, according to maritime outlet USNI News.

Two US Navy destroyers were involved in fatal collisions in 2017. Seven sailors died after the USS Fitzgerald struck a cargo ship off Japan in June that year, and 10 sailors were killed when the USS John S McCain collided with a tanker off Singapore and Malaysia two months later.

This post appeared first on cnn.com

Pope Francis will go into the hospital in Rome for treatment for bronchitis and medical examinations, the Vatican said Friday, the latest in a string of ailments that have raised concerns about the 88-year-old pontiff’s health.

“This morning, at the end of the audiences, Pope Francis will be admitted to the Agostino Gemelli Polyclinic for some necessary diagnostic tests and to continue in a hospital setting treatment for bronchitis that is still ongoing,” the Vatican said.

Francis has made a number of visits to the hospital in recent years, and received abdominal surgery in 2023. He has been struggling with bronchitis in recent weeks and has asked aides to read speeches and addresses.

The latest diagnosis of bronchitis will cause particular worries for the Roman Catholic Church, because Francis has suffered from lung-related issues for much of his life. As a young man, the Argentinian leader suffered from severe pneumonia and had part of one lung removed.

Francis became pope in 2013, the first pontiff from South America. More recently he has been seen with a walking stick and sometimes uses a wheelchair. Last month, he suffered a fall and injured his arm.

Francis also suffers from diverticulitis, a common condition that can cause the inflammation or infection of the colon. In 2021, he had surgery to remove part of his colon.

Despite his medical issues Francis has kept up a busy calendar of events, including a 12-day visit of four countries in Southeast Asia and the South Pacific. That trip was one of the longest any pope has embarked on and marked the furthest geographical distance (about 20,000 miles) that Francis has traveled since being chosen as the leader of the Catholic Church.

Last week, it was announced that the pope would meet King Charles III in April.

This post appeared first on cnn.com

Global markets are facing increased volatility as inflation data and ongoing tariff tensions add uncertainty. As a result, investors are closely watching economic indicators, knowing they could impact interest rates, global trade, and market stability.

Inflation Data Report and Market Expectations

The latest Consumer Price Index (CPI) report is set to reveal how inflation trends are evolving. According to analysts, a 0.3% monthly increase is expected. However, a higher figure could raise concerns about rising costs.

  • If inflation remains high, the Federal Reserve may delay interest rate cuts. Consequently, this could slow down economic growth.
  • On the other hand, if inflation slows, it could signal economic stabilization, thereby boosting market confidence.

Market strategist Charlie Ripley from Allianz Investment Management stated,

“Inflation remains a wildcard. Its impact on interest rates will shape the economic outlook. Therefore, investors must stay cautious.”

Tariff Tensions Add Pressure

In addition to inflation worries, the global markets trade landscape is becoming increasingly uncertain. Recently, President Donald Trump imposed new tariffs on Canada, Mexico, and China, intensifying trade tensions.

  • 25% tariffs on Canadian imports, excluding energy, which faces 10% duties.
  • 10% tariffs on all Chinese goods, impacting supply chains and businesses worldwide.

Meanwhile, China has challenged these tariffs at the World Trade Organization (WTO), arguing that they violate international trade laws. As a consequence, these disputes could increase costs for businesses and consumers alike.

Market Reactions and Investment Strategies

Due to these economic shifts, investors are reacting cautiously. The stock market remains volatile, while currency markets adjust to these ongoing uncertainties.

  • Since inflation is rising, investor confidence is slowly decreasing.
  • Moreover, trade conflicts could lead to higher consumer prices and supply chain disruptions.
  • A weaker global economy could eventually slow business growth and affect corporate profits.

Conclusion

Given the current economic climate, the combination of inflation risks and trade uncertainties is shaping global market trends. For this reason, investors must stay informed and adaptable. In the coming weeks, market conditions will reveal whether economic stability is attainable or if further disruptions will occur.

The post Tariff Tensions and Inflation Data Shake Global Markets appeared first on FinanceBrokerage.

TSMC has seen a slowdown in its sales growth this January. The company now faces global challenges that have reduced demand. Many factors play a part in this change, and the shift has caught many by surprise.

First, global economic troubles have affected many buyers. They are cautious and delay purchases. In addition, issues with the supply chain have forced TSMC to make production changes. Moreover, rising costs have put extra pressure on the business.

Second, market conditions have shifted quickly. Many customers now wait before buying new chips. For example, uncertainty in other parts of the world has led to lower orders. As a result, TSMC has seen slower growth than before.

Furthermore, industry experts say that even top companies face hard times. They believe that careful planning and quick action can help. Therefore, TSMC is reviewing its strategies and planning new investments. In turn, these moves may boost future sales.

Additionally, the company plans to invest in newer technology. This step can help lower costs and improve production. Consequently, TSMC may be able to overcome current troubles and return to strong growth.

In conclusion, the slowdown in TSMC sales growth is a sign of wider market problems. However, the company remains strong and capable. With smart decisions and timely investments, TSMC can meet these challenges. Thus, both investors and customers look forward to a rebound.

Overall, TSMC continues to lead in the semiconductor industry. Yet, global problems have slowed its pace for now. By adapting to change and using new strategies, the company is set to regain momentum. Finally, time will show if these efforts bring a quick recovery.

Conclusion

Looking ahead, TSMC must remain agile. The company will work to cut extra costs and boost efficiency. It will also seek new markets and form strong partnerships. These measures will help secure its future. In short, the firm is ready to face upcoming challenges.

The post TSMC Sales Growth Slows Amid Global Challenges appeared first on FinanceBrokerage.

A prominent crypto expert has issued a Bitcoin Crash Prediction. He believes that the leading cryptocurrency may soon face a severe crash. His forecast comes amid rising market volatility and shifting investor sentiment.

First, global economic uncertainty is growing. Many investors are cautious because of regulatory pressures and economic slowdowns. In addition, market rumors have intensified fears. Furthermore, price swings have become more frequent. As a result, the crypto market is under increased pressure.

Next, the expert explains that several factors contribute to his prediction. For instance, tighter regulations in key markets have unsettled investors. Moreover, recent policy changes have added to market jitters. In turn, these developments have increased the likelihood of a sudden downturn. Therefore, the expert advises that caution is necessary.

Additionally, technical indicators signal potential trouble. Short-term trends show unusual price drops, while long-term charts reveal instability. Also, trading volumes have been unpredictable. Consequently, these signs may indicate that a crash is on the horizon.

Furthermore, market experts stress the importance of preparedness. They recommend that investors review their portfolios and diversify their assets to reduce exposure to high volatility. In summary, being proactive can help mitigate risks and protect investments.

In conclusion, Bitcoin Crash Prediction is based on several observable factors. Although such predictions are not uncommon in the crypto world, they remind us to stay alert. Overall, the crypto market remains dynamic and uncertain, so investors are encouraged to keep informed and make cautious decisions.

Looking ahead, market participants must monitor trends closely. They should consider expert advice and current technical signals. With rapid changes in the global economy, a crash could occur sooner than expected. Ultimately, the forecast calls for prudence and strategic planning.

Moreover, the prediction has sparked lively discussions among crypto enthusiasts. Many believe that such bold forecasts can drive innovation and encourage industry leaders to invest in new technology. Others, however, warn that the market remains unpredictable and that caution is key. This debate highlights the importance of staying updated on market trends and reassessing strategies regularly.

Conclusion

Overall, while the warning about a Bitcoin crash is based on public observations and technical signals, it serves as a reminder of the volatile nature of cryptocurrencies. Investors should remain vigilant, diversify their portfolios, and prepare for various market scenarios.

The post Bitcoin Crash Prediction, Warns Crypto Expert appeared first on FinanceBrokerage.