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March 6, 2025

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Tariffs have thrown the stock market into dizzying moves, moving up and/or down based on whatever news headlines circulate. The broader stock market indexes have all declined, although they are holding on to their 200-day simple moving average (SMA). The Nasdaq Composite ($COMPQ) fell below the average on Tuesday, but recovered on Wednesday and closed above it.

Looking at weekly performance, Real Estate, Health Care, and Consumer Staples are the top three S&P sector performers. These sectors fall under the defensive category, which suggests that investor uncertainty is still in the air. Gold and silver prices are rising, an indication of risk-off sentiment.

The Mag 7 Breakdown

Investors were flocking to the Mag 7 stocks not too long ago, but this is no longer the case. The daily chart of the Roundhill Big Tech ETF (MAGS), a basket of the Mag 7 stocks, illustrates that this group of stocks has technically broken down.

FIGURE 1. DAILY CHART OF ROUNDHILL BIG TECH ETF (MAGS). The ETF which holds all the Mag 7 stocks has broken down. However, it bounced off its 200-day simple moving average, and the relative strength index stayed above the 30 level.Chart source: StockCharts.com. For educational purposes.

Note that despite the downward trend, MAGS managed to bounce off its 200-day SMA. The relative strength index (RSI) didn’t dip below 30. Does this mean the Mag 7 could bounce back? Semiconductor stocks were up two days in a row, which may have helped MAGS stay afloat. But semiconductors are vulnerable to tariffs, so why are these stocks showing green shoots? It’s a very challenging market and I would monitor the MAGS chart daily. You wouldn’t want to miss out on a strong upside move.

Change is in the Air

President Trump’s tariffs have stirred the pot and caused shifts in investor sentiment. International stocks are gaining momentum, something we haven’t seen in a long time. The weekly chart below summarizes the performance of US stocks against the rest of the world.

FIGURE 2. US VS. THE REST OF THE WORLD. The Vanguard Total Stock Market ETF which consists of large growth US stocks is declining in performance against international stocks.Chart source: StockCharts.com. For educational purposes.

It’s also worth noting the performance of the US dollar. The US dollar plunged and is now trading below its 200-day SMA. The Canadian dollar and Mexican peso are showing signs of gaining strength against the US dollar (see chart below).

FIGURE 3. THE WEAKENING US DOLLAR. After tariffs on imports from Canada and Mexico were implemented, the US dollar started to weaken against the Canadian dollar and Mexican peso.Chart source: StockCharts.com. For educational purposes.

The Bottom Line

Now’s a good time to test your patience. It’s not exactly the type of market you want to open long positions. It’s more of a “wait and see” type of market. We’ll get the February jobs report on Friday, but how much it’ll impact the market is unclear. With investors focused on tariffs, the jobs report may be brushed off, unless it comes in vastly different than the forecast. Expect more volatility in the weeks ahead.


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.

Silver47 Exploration Corp. (TSXV: AGA) (FSE: QP2) (‘Silver47’ or the ‘Company’) is pleased to announce closing of the first tranche (the ‘First Tranche’) of its previously announced non-brokered private placement (the ‘Offering’) in the Company’s news releases of February 19 and 24, 2025. Pursuant to the closing of the First Tranche, the Company issued (i) 6,912,400 units of the Company (the ‘Units’) at a price of $0.50 each; and (ii) 929,192 flow-through units of the Company (the ‘FT Units’) at a price of $0.57 each, for aggregate gross proceeds to the Company of $3,985,839. In addition, the balance of the Offering is expected to occur on or about March 12, 2025 or as may be determined by the Company.

Each Unit consists of one common share in the capital of the Company (a ‘Common Share‘) and one-half of one Common Share purchase ‎warrant (a ‘Half-Warrant‘, with two Half-Warrants being referred to as a ‘Warrant‘). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.75‎ within 36 months ‎following issuance. Each FT Unit consists of one Common Share and a Half-Warrant (subject to the same terms as indicated above), each issued as a ‘flow-through share’ pursuant to the Income Tax Act (Canada).

The Company intends to use the net proceeds from the sale of the Units to fund exploration activities at the Red Mountain Project in Alaska and for general working capital and to use the gross proceeds from the sale of FT Units for exploration expenditures at the Company’s Adams Plateau Project.

The proceeds from the sale of the FT Units will be used to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through mining expenditures’ as both terms are defined in the Income Tax Act (Canada), and for British Columbia subscribers, ‘BC flow-through mining expenditures’ as defined in the Income Tax Act (British Columbia), (the ‘Qualifying Expenditures‘) on the Company’s Adams Plateau Project in British Columbia, with such expenses to be incurred on or before December 31, 2026, and the Company will renounce all the Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2025.

In connection with the First Tranche, the Company has paid certain persons (‘Finders‘) ‎finders’ fees totaling $199,699, representing 7% of the aggregate proceeds raised by the Finders, and issued 398,888 finders’ warrants (the ‘Finder’s Warrants‘), representing 7% of the number of securities sold to subscribers introduced to the Company by the Finders. Each Finder’s Warrant is exercisable for one Common Share at an exercise price of $0.75 for a period of 36 months from the date of issuance.

All securities issued under the Offering are subject to a hold period of four months and one day from the date of issuance under applicable securities laws. The Offering is subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘).

Certain directors and officers of the Company acquired an aggregate of 720,000 Units under the First Tranche. The issuance of securities to such insiders is considered a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is listed on the TSXV and neither the fair market value of securities issued to related parties nor the consideration being paid by related parties will exceed 25% of the Company’s market capitalization.

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

About Silver47 Exploration Corp.

Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US: the Flagship Red Mountain silver-gold-zinc-copper-lead-animonty-gallium VMS-SEDEX project in southcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in southern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX Project in Yukon Territory. Silver47 Exploration Corp. shares trade on the TSXV under the ticker symbol AGA. For more information about Silver47, please visit our website at www.silver47.ca.

On Behalf of the Board of Directors

Mr. Gary R. Thompson
Director and CEO
gthompson@silver47.ca

For investor relations
Meredith Eades
info@silver47.ca
778.835.2547

No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: closing of the Offering, including the number of Units and FT Units issued in respect thereof; anticipated use of proceeds; expected closing date of the Offering; payment of finder’s fees; ability to obtain all necessary regulatory approvals; insider participation in the Offering; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION OR DISSEMINATION IN OR INTO THE U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243504

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (March 5) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$90,372.22, reflecting a 4 percent increase over the past 24 hours. The day’s trading range has seen a high of US$90,468.07 and a low of US$87,736.82.

Ethereum (ETH) is priced at US$2,231.25, marking an increase of 4.3 percent over the same period. The cryptocurrency reached an intraday high of US$2,232.93 and a low of US$2,168.29.

Altcoin price update

  • Solana (SOL) is currently valued at US$145, up 2.7 percent over the past 24 hours. SOL experienced a high of US$145.84 and a low of US$140.61 during Wednesday’s trading session.
  • XRP is trading at US$2.50, reflecting a 2.1 percent increase over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.51 and a low of US$2.43.
  • Sui (SUI) is priced at US$2.67, showing a 7.2 percent increase over the past 24 hours. It achieved a daily high of US$2.68 and a low of US$2.46.
  • Cardano (ADA) is trading at US$0.9882, reflecting a 9 percent increase over the past 24 hours. Its highest price on Wednesday was US$0.9956, with a low of US$0.937.

Crypto news to know

Bitcoin’s ‘special status’ in US crypto reserve

In a Wednesday interview with the Pavlovic Today, US Commerce Secretary Howard Lutnick clarified that Bitcoin will have “special status” in a planned national cryptocurrency reserve.

The reserve will hold a basket of cryptocurrencies, including ETH, SOL, ADA and XRP. Lutnick said the Trump administration will likely reveal more details at the upcoming White House Crypto Summit.

The Trump administration has faced criticism since it announced its intention to create a reserve that includes cryptocurrencies other than Bitcoin. Industry insiders, including Coinbase and Gemini CEOs Brian Armstrong and Tyler Winklevoss, have argued that Bitcoin is the only cryptocurrency that meets the criteria of a reserve asset.

Ethereum’s Pectra upgrade faces second setback

After initially announcing the successful deployment of Ethereum’s Pectra upgrade on its final testnet, Sepolia, Ethereum blockchain developer Tim Beiko reported a technical issue that caused transaction processing software to malfunction, leading to the creation of blocks without any transactions.

The Wednesday issue marks the second setback in the process of the Pectra upgrade, which is anticipated to improve Ether staking, layer-2 network scalability and overall network capacity.

During a test run of the Pectra upgrade on the Holesky test network on February 24, a mistake in how the computers that validate transactions were set up caused the network to split into two separate, conflicting versions.

The estimated time to resolve the issue and successfully implement the upgrade on the test network is approximately 18 days. More information, including a possible final date of the Pectra mainnet implementation, is expected during Ethereum’s All Core Developers call on Thursday (March 6).

Senate passes IRS resolution

The US Senate voted 70 to 27 to pass a resolution to repeal a Biden-era rule requiring decentralized finance protocols to report to the Internal Revenue Service (IRS) and brokers to disclose gross proceeds from crypto sales.

The issue was brought forward by Senator Ted Cruz (R-TX) on January 21.

The resolution will now move to the House of Representatives. If it passes a vote there, it will be sent to President Donald Trump for his signature. David Sacks, the Trump administration’s artificial intelligence and crypto czar, has already said the White House supports the resolution.

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

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

This post appeared first on investingnews.com

Interest in lithium continues to grow due to its role in the lithium-ion batteries that power electric vehicles (EVs). As a result, more and more attention is landing on the top lithium-producing countries.

About 80 percent of the lithium produced globally goes toward battery production, but other industries also consume the metal. For example, 7 percent of lithium is used in ceramics and glass, while 4 percent goes to lubricating greases.

According to the US Geological Survey, lithium use in batteries has increased in recent years due to the use of rechargeable batteries in portable electronic devices, as well as in electric tools, EVs and grid storage applications.

Manufacturers commonly use lithium carbonate or lithium hydroxide in these batteries rather than lithium metal. Lithium-ion batteries also include other important battery metals, such as cobalt, graphite and nickel.

After a volatile 2024 that saw lithium carbonate prices drop 22 percent amid oversupply, analysts predict continued market turbulence in 2025. However, production cuts could narrow the surplus from 84,000 to 33,000 metric tons, while strong EV demand — driven by China’s record sales — remains a key factor, as geopolitical tensions and rising tariffs on Chinese EVs add uncertainty in North America.

Despite the recent market challenges, global lithium demand is set to surge over the next decade due to demand from EVs and energy storage. Benchmark Mineral Intelligence forecasts a more than 30 percent year-on-year increase in demand from these sectors in 2025.

Meeting this growth will require up to 150 new battery factories and US$116 billion in investments by 2030 to prevent supply deficits. China will remain dominant, but the EU and US are poised for the fastest expansion. With lithium mining projected to grow at a 7.2 percent compound annual growth rate through 2035, the sector faces a critical decade of investment and supply chain restructuring.

As demand for lithium continues to rise, which countries will provide the lithium the world requires? The latest data from the US Geological Survey shows that the world’s top lithium-producing countries are doing their best to meet rising demand from energy storage and EVs — in fact, worldwide lithium production rose sharply from 2023 to 2024, coming in at 240,000 metric tons (MT) of lithium content last year, compared to 204,000 MT in 2023. These totals do not include US production, as that data is withheld.

What are the top lithium-producing countries?

Where is lithium mined? Australia, Chile and China are the top three for lithium production by country. Zimbabwe has also risen significantly in the ranks, moving from sixth in 2023 to fourth in 2024. As the EV lithium-ion battery market continues to grow, it’s likely these countries will vie for larger roles in supplying the metal in the years to come.

Read on for our list of top global lithium production by country.

1. Australia

Lithium production: 88,000 metric tons

In 2024, Australia produced 88,000 metric tons of lithium, making it the world’s largest producer of lithium. Although the country tops the list, year-over-year production decreased just over 4 percent from 91,700 MT in 2023 to 88,000 MT in 2024.

It’s likely the country’s lithium production declined in 2024 as a result of weaker demand in the EV space, which in turn pushed lithium prices lower.

Australia is home to many significant lithium mines. The Greenbushes hard rock lithium mine in Western Australia is operated by Talison Lithium, a subsidiary that is jointly owned by miners Albemarle (NYSE:ALB), Tianqi Lithium (OTC Pink:TQLCF,SZSE:002466) and IGO (ASX:IGO,OTC Pink:IPDGF). Greenbushes has been in operation for over a quarter of a century, making it the longest continuously running mining area in the state.

The Greenbushes complex also houses four spodumene concentrate plants with a combined annual production capacity of 1.5 million MT. The mine supplies spodumene to the Kemerton lithium plant and other Albemarle conversion sites worldwide for processing.

Mount Marion, a joint venture between Mineral Resources (ASX:MIN,OTC Pink:MALRF) and Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460,HKEX:1772), is another key lithium mine in Australia. The project, which is located in the Yilgarn Craton, southwest of Kalgoorlie, also contains a processing plant with an annual production capacity of 600,000 MT.

Australia also holds 7 million MT of identified JORC-compliant lithium reserves, which puts it behind Chile’s 9.3 million MT. It is worth noting that most of Australia’s lithium supply is exported to China as spodumene.

2. Chile

Lithium production: 49,000 metric tons

Chilean lithium production topped 49,000 metric tons in 2024. Lithium miners in Chile have steadily increased the nation’s output by 127 percent since 2020 when production was 21,500 MT.

Chile’s year-over-year growth has positioned it as the second top lithium producer in the world. Unlike Australia, where lithium is extracted from hard-rock mines, Chile’s lithium is found in lithium brine deposits.

The Salar de Atacama salt flat in Chile generates roughly half the revenue for SQM (NYSE:SQM), a top lithium producer. The Salar de Atacama is also the home of another top lithium brine producer — US-based Albemarle.

In April 2023, market participants and lithium miners were surprised by the Chilean government’s plans to nationalize the lithium industry. While ultimately it wasn’t a true nationalization, the country is moving to gain controlling stakes in lithium assets in the Salar de Atacama and Maricunga through its state-owned mining company Codelco.

SQM has signed an arrangement with Codelco that will allow it to continue operations in the Salar de Atacama until 2060. The two companies will create a new entity for the operations, with Codelco owning 50 percent plus one share of the company.

Chile’s lithium potential has also attracted the attention of major US oil companies. In February 2025 news broke that Exxon Mobil (NYSE:XOM) is in talks with Chilean officials about lithium opportunities, as fossil fuel firms ramp up investments in EV battery metals.

US oilfield services firm SLB (NYSE:SLB) is also expanding into lithium, with its Head of Mining, Nicholas Lugansky, meeting Chilean officials in January. SLB is among eight companies testing lithium extraction techniques and technologies in northern Chile.

Lithium brine operations in Chile’s Salar de Atacama.

Freedom_wanted / Shutterstock

3. China

Lithium production: 41,000 metric tons

China produced 41,000 metric tons of lithium in 2024, earning it the third spot on the top producing countries list. The Asian country saw its lithium supply grow by nearly 15 percent year-on-year, from 35,700 in 2023 to 41,000 in 2024.

China is the largest consumer of lithium due to its electronics manufacturing and EV industries. It also produces more than two-thirds of the world’s lithium-ion batteries and controls most of the world’s lithium-processing facilities. China currently gets the majority of its lithium from Australia, but it is looking to expand its capacity.

In January of 2024, China announced the discovery of a massive million-metric-ton lithium deposit in the country’s Sichuan Province. Lithium exploration in China over the last three years has boosted the country’s lithium reserves by 1 million MT, to 3 million MT, according to the USGS.

However, in early 2025 the China Geological Survey, pegged the nation’s total reserves to be more than 30 million MT.

4. Zimbabwe

Lithium production: 22,000 metric tons

In 2024 Zimbabwe’s lithium production ballooned to 22,000 metric tons, an exponential increase from 2022’s 800 MT. Year-over-year lithium output rose 47 percent between 2023 and 2024, from 14,900 MT to 22,000 MT.

Total reserves in Zimbabwe have also seen growth climbing from 310,000 MT in 2023 to 480,000 MT as per the US Geological Survey.

In December 2022, Zimbabwe banned the export of raw lithium in an effort to build out the nation’s capacity to process battery-grade lithium domestically. The ban excludes companies that are already developing mines or processing plants in Zimbabwe. Lithium concentrate is now on track to become Zimbabwe’s third biggest mineral export, behind gold and platinum-group metals, reported Reuters in November 2023.

Lithium-producing countries in Africa have attracted much attention from Chinese firms in recent years, especially Zimbabwe. Sinomine Resource Group (SZSE:002738), for example, bought a stake in Zimbabwe’s emerging lithium industry with the purchase of the Bikita mine, the African nation’s oldest lithium mine.

Zimbabwe’s other key lithium mines include Zhejiang Huayou Cobalt’s (SHA:603799) Arcadia mine and state miner Kuvimba Mining House’s Sandawana mine.

In September 2024, Zhejiang Huayou Cobalt and Tsingshan Group,a nickel and stainless steel company, announced plans to study and build a lithium mine and processing plant at Sandawana located in the south of Zimbabwe.

5. Argentina

Lithium production: 18,000 metric tons

Argentina’s annual lithium production grew significantly in 2024, totaling 18,000 metric tons. Year-over-year lithium production increased by more than 100 percent from 8,630 MT in 2023.

It’s well known that Bolivia, Argentina and Chile make up the Lithium Triangle. Argentina’s Salar del Hombre Muerto district hosts significant lithium brines, and its reserves – 4 million MT – are enough for at least 75 years.

At present, lithium mining in the country consists of two major brine operations currently in production and 10 projects that are in development. Analysts at consultancy firm Eurasia Group project that Argentina’s lithium production has the potential to grow approximately tenfold by 2027, as per CNBC.

One of the largest lithium miners in Argentina is Arcadium Lithium (ASX:LTM,NYSE:ALTM), the result of the January 2024 merger of Livent and Allkem. The new entity is the third largest lithium producer in the world. This is soon to change as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) is set to close its acquisition of Arcadium in early March, bringing its assets under Rio Tinto’s umbrella.

Rio Tinto also owns the Rincon lithium brine project, which is set to be a major contributor to the country’s lithium output once it begins commercial production, targeted for 2028. In December 2024, Rio Tinto announced a US$2.5 billion expansion. Once operational, Rincon will use direct lithium extraction technology and produce 60,000 MT of battery-grade lithium carbonate annually, combining a 3,000 MT starter plant and the 57,000 MT expansion.

6. Brazil

Lithium production: 10,000 metric tons

Lithium production in Brazil continues to trend higher. In 2024 the South American nation produced 10,000 MT, almost double 2023’s 5,260 MT. After achieving output of 400 MT or less from 2011 to 2018, the country’s production hit 2,400 MT in 2019 and has continued to rise year-over-year.

Brazil’s government plans to invest more than US$2.1 billion by 2030 into expanding the nation’s lithium production capacity.

At the state level, in 2023 the Minas Gerais government launched the Lithium Valley Brazil initiative, which is aimed at promoting investment in lithium mining. The program includes four publicly listed lithium companies with assets in the state’s Jequitinhonha Valley: Sigma Lithium (TSXV:SGML,NASDAQ:SGML), Lithium Ionic (TSXV:LTH,OTCQX:LTHCF), Atlas Lithium (NASDAQ:ATLX) and Latin Resources (ASX:LRS,OTC Pink:LRSRF).

EV makers are also eyeing Brazil’s lithium market. In February 2025, Reuters reported that Chinese EV giant BYD (OTC Pink:BYDDF,HKEX:1211,SZSE:002594) reportedly entered the mining sector in 2023, when it acquired 852 hectares of lithium-rich land in Minas Gerais’ Jequitinhonha Valley. The company is currently building an EV factory in Bahia state, but construction was paused at the end of 2024 due to ‘slavery-like’ working conditions.

7. Canada

Lithium production: 4,300 metric tons

Canada’s lithium production increased to 4,300 metric tons in 2024, representing a 32 percent uptick from 2023’s 3,240 MT.

The country currently produces lithium from two operations: the Tanco mine in Manitoba, owned by Sinomine subsidiary Tantalum Mining, and the North American Lithium operation in Québec, a joint venture between Piedmont Lithium (ASX:PLL,NASDAQ:PLL) and Sayona Mining (ASX:SYA,OTCQX:SYAXF).

While Canada is home to a wealth of hard-rock spodumene deposits and lithium brine resources, much of it remains underdeveloped. In an effort to grow a strong North American lithium supply chain for the battery industry, the government has invested in a number of lithium projects, including C$27 million for E3 Lithium (TSXV:ETL,OTCQX:EEMMF), a lithium resource and technology company, and C$1.07 million to private company Prairie Lithium. Both are developing direct lithium extraction technology in Canada’s prairie provinces Alberta and Saskatchewan.

In November 2023, the Canadian government launched the C$1.5 billion Critical Minerals Infrastructure Fund. The fund seeks to address gaps in the infrastructure required for the sustainable development of the nation’s critical minerals production, including battery metals like lithium.

Canada’s efforts were rewarded in early 2024, when BloombergNEF gave the nation the top spot in the fourth edition of its Global Lithium-ion Battery Supply Chain Ranking.

At the end of 2024, the Canadian government’s Export Development Canada program pledged up to C$100 million in financing to Green Technology Metals (ASX:GT1,OTC Pink:GTMLF) for the development of Ontario’s first lithium mine at Seymour Lake.

8. Portugal

Lithium production: 380 metric tons

Portugal’s lithium production remained flat in 2024 coming in at 380 metric tons, the same tally as the previous year. Output has declined drastically since 2021, when its lithium production reached 900 MT.

Most of Portugal’s lithium comes from small-scale operations targeting quartz and feldspar. Despite this lithium-producing country’s comparatively low output, Portugal’s lithium reserves stand at 60,000 MT.

In September 2024, Savannah Resources (LSE:SAV,OTC Pink:SAVNF) delayed the start of lithium production at its Barroso project in Portugal to 2027, citing prolonged environmental approval processes and regulatory hurdles. The project has also received public backlash due to concerns about the environmental impact of lithium mining.

The project, set to be Western Europe’s first significant lithium mine, is projected to play a pivotal role in the EU’s ambitions of battery material self-sufficiency. Despite the setback, Savannah remains committed to advancing the development, emphasizing its role in strengthening Europe’s EV supply chain.

9. United States

Lithium production: Withheld

In the final place on this top lithium-producing countries list is the US, which has withheld production numbers to avoid disclosing proprietary company data. Its only output last year came from two operations: a Nevada-based brine operation, most likely in the Clayton Valley, which hosts Albemarle’s Silver Peak mine, and the brine-sourced waste tailings of Utah-based US Magnesium, the largest primary magnesium producer in North America.

There are a handful of major lithium projects underway in the US, including Lithium Americas’ (TSX:LAC,NYSE:LAC) Thacker Pass lithium claystone project, Piedmont Lithium’s hard-rock lithium project and Standard Lithium’s (TSXV:SLI,OTCQX:STLHF) Arkansas Smackover lithium brine project.

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

This post appeared first on investingnews.com

Mehdi Yarrahi, an Iranian singer and musician known for his song encouraging women to remove their hijabs, was lashed 74 times as part of his punishment for supporting the protests that swept the country, his lawyer said Wednesday.

The punishment was “fully and completely implemented,” his attorney, Zahra Minoui, said in a post on X. Yarrahi, 42, was arrested in August 2023 and sentenced by the Tehran Revolutionary Court to two years and eight months in prison, as well as 74 floggings. He eventually served one year of his sentence and was fined, alongside the lashing.

Yarrahi had been accused of “releasing an illegal song that is against the morals and customs of Islamic society,” the state news agency IRNA said in 2023.

Flogging is a form of beating that involves a whip or rod and is commonly administered to the person’s back.

He was detained four days after releasing his famous song “Roosarito” – Farsi for “your headscarf” – where lyrics included the lines: “Take off your scarf, the sun is sinking. Take off your scarf, let your hair flow.”

“Don’t be afraid, my love! Laugh, protest against tears,” the lyrics add.

A month after Yarrahi’s arrest, protests erupted throughout Iran to commemorate the one-year anniversary of the death of Mahsa Amini, the 22-year-old woman who died in the custody of Iran’s morality police after being arrested for allegedly not wearing her headscarf properly.

Rights groups have been outraged over the hijab law and the cruel ways it is enforced.

In December, Amnesty International said that Iranian authorities had imposed new draconian laws against veil-wearing, including threats of “imposing the death penalty, flogging, prison terms and other severe penalties to crush ongoing resistance to compulsory veiling.”

Other artists in Iran have received floggings as part of their sentences, including acclaimed movie director Mohammad Rasoulof, who in May of last year was sentenced to eight years in prison and flogging for national security crimes, his lawyer said.

In 2015, two Iranian poets faced 99 lashes each for shaking hands with people of the opposite sex. They were also both sentenced to years in prison for “insulting the sacred” in their writings, a decision slammed by freedom of expression activists.

This post appeared first on cnn.com

Chinese warships have been circumnavigating Australia’s coastline for more than three weeks, passing within 200 miles of Sydney, and staging unprecedented live-fire drills on its doorstep with New Zealand.

The exercises, which came without formal notice, has deep caused consternation in both nations. Suddenly, the specter of China’s military power was suddenly no longer confined to the distant waters of the South China Sea or the Taiwan Strait – where China’s territorial aggression has escalated under leader Xi Jinping – but a stark reality unfolding much closer to home.

At the same time, Chinese warships have been sighted near Vietnam and Taiwan, part of a show of Chinese naval strength in the Pacific region that regularly rattles US allies.

China was unapologetic and insisted it complied with international law, with state media suggesting Western countries should get used to Chinese warships in nearby waters.

In the past, Washington’s partners have found comfort in their firm ties with the US, but that was before Donald Trump’s explosive meeting with Ukrainian President Volodymyr Zelensky, and the US leader’s subsequent order to halt aid to Ukraine as it battles Russia’s invasion.

The bust-up in the Oval Office served to sharpen anxieties in capitals across the Pacific: If the US is willing to turn its back on Ukraine – effectively rewarding Russian President Vladimir Putin’s aggression in Europe – would it do the same in Asia when faced with a belligerent Beijing?

Trump’s embrace of Russia and his cold shoulder to Europe – driven by a transactional approach that Singapore’s defense minister likened to a “landlord seeking rent” – has heightened trepidation in the Indo-Pacific region, where many nations look to the US to keep Chinese aggression in check.

“It does raise issues as to whether the US will be committed to regional security. And even if the US remains committed, what will the Trump administration ask in return?” said Collin Koh, research fellow at the S. Rajaratnam School of International Studies (RSIS) in Singapore.

Experts say it’s a fair question from allies who’ve long relied on the US to provide security assurances, enabling them to limit their own defense spending.

Now might be the time, they add, for American partners, like Australia and New Zealand, to reexamine budgets and tighten regional alliances with other countries that could find themselves exposed as Trump pursues his “America first” mantra.

‘Test of resolve’

Australia has made sure the world is aware of China’s movements in international waters in the South Pacific, issuing daily location updates from trailing Australian Navy ships and spy planes.

Defense Minister Richard Marles said the data would be analyzed to determine exactly what China was doing – and what message it was intending to send.

China’s ambassador to Australia, Xiao Qian, maintained that China posed no threat to Australia while signaling that more warship visits should be expected. “As a major power in this region…it is normal for China to send their vessels to different parts of the region to conduct various kinds of activities,” Xiao told Australia’s public broadcaster the ABC.

Across the Pacific in Washington, Trump was sending his own message to US partners in Europe that they needed to step up military spending in defense of Ukraine.

Before his fractious meeting with Zelensky, Trump had intended to sign mineral resources deal with the Ukrainian leader so that the US could recoup some of the cost of its aid to Ukraine since Russia’s invasion. But the signing ceremony was abandoned, with Trump telling Zelensky on his social platform Truth Social to “come back when he is ready for Peace.”

By subsequently cutting off military aid to Ukraine, Trump was seeking to force rich European nations to shoulder more of the load, say experts.

“He believes they have all been free riding off the United States for half a century,” said Peter Dean, the director of foreign policy and defense at the United States Studies Centre at the University of Sydney.

The move seemed to reap rewards when on Tuesday the European Union unveiled a plan to allow member states to borrow €150 billion ($158 billion) to boost their defense spending and “massively step up” their military support for Kyiv.

Dean says Trump wants a deal for peace in Ukraine; however, he’s ignoring Zelensky’s concerns about the longevity of that peace without measures to keep Putin in check.

“It seems to be that (Trump) almost wants peace at any price, rather than a peace that is fair and equitable, or a peace that you keep,” he said. “The question is, what does the deal look like? And that’s what everyone’s worried about. How much is he willing to trade away?”

As Trump upends the transatlantic alliance – a pillar of Western security for decades – his administration has signaled that the US should wrap up conflicts elsewhere to focus on deterring China in the Pacific.

The urgency of that aim was highlighted by China’s latest flexing of its military muscle.

“It’s a test of resolve, for sure,” said Drew Thompson, a senior fellow at RSIS in Singapore, of China’s military drills. “China (is) carving out a sphere of influence in the Pacific to test to see if countries in the region are going to resist it.”

AUKUS: What’s that?

Even before Trump’s clash with Zelensky, the presence of Chinese warships on its southern coast had turned Australia’s attention to AUKUS, its multibillion-dollar security deal with the US and the United Kingdom.

Concerns had flared about whether the deal could withstand the whims of Trump’s White House when a British reporter asked the US president if he and his UK counterpart had spoken about AUKUS.

“What does that mean?” Trump replied. The incident was later brushed off by Treasury Secretary Scott Bessent as an issue of accents. “I think we’re going to have to limit the questions to Americans he can understand,” he said.

Dean, from the University of Sydney, said it’s no bad thing that Trump wasn’t across the acronym because the deal already has the fulsome support of his closest advisers.

That support was cemented by Australia’s first down payment of $500 million to bolster America’s submarine production, with the agreement that some nuclear-powered subs will be sold to Australia to boost its military capability in the Indo-Pacific.

It’s the kind of deal Trump will want to focus on in the future, Dean said.

“He’s looking to make money for the United States, and he’s looking to do better deals. And AUKUS is a bit of an exemplar deal for them,” Dean said.

“For the Europeans, I wouldn’t underestimate Donald Trump looking at this and going, if the Australians can do this, why can’t you?”

‘No tolerance for free riders’

Elsewhere across the Pacific, US allies appeared unsettled by the extraordinary scenes in the Oval Office.

Japan’s Prime Minister Shigeru Ishiba struck a cautious tone on Monday, insisting he had “no intention of taking sides” when asked about the Trump-Zelensky clash.

Yet, he vowed to do his utmost to “maintain US involvement and promote unity” among the Group of Seven nations – hinting at growing disquiet over the fracturing of the Western alliance.

“Today’s Ukraine could be tomorrow’s East Asia,” he added. “We must also consider steadily increasing our deterrent power to prevent war.”

Japan, which has territorial disputes with China in the East China Sea, has raised concern about increasing Chinese military maneuvers in its nearby waters. Last year, a Chinese aircraft carrier entered Japan’s contiguous waters for the first time.

South Korea, another US ally in East Asia, declined to comment on the meeting between Trump and Zelensky but said it was closely monitoring US suspension of military aid to Ukraine.

Trump has repeatedly called on allies like South Korea to pay more for US troops stationed on their territory. In a speech to Congress on Wednesday, he once again made a veiled threat while referencing what he called unfair tariffs South Korea places on US goods – something Seoul denies.

“We give so much help military and in so many other ways to South Korea. But that’s what happened, this is happening by friend and foe,” Trump said.

In Taiwan, the self-governing democracy China has vowed to one day absorb, Defense Minister Wellington Koo tried to reassure confidence despite what he described as “rapid and bizarre changes” in the international landscape.

“I think the United States won’t retreat from the Indo-Pacific region, because this is its core interests,” he told reporters in a briefing Tuesday, citing shared interests with Washington in economic development, geopolitics and US military security.

But Koo also nodded to Trump’s “America first” stance. “In international politics, we also deeply realize that we can’t just talk about values and not talk about interests. Of course, the United States must value its own national interests,” he added.

Experts say the US has become frustrated at having to shoulder the weight of other countries who fail to contribute to their own defense.

“The Trump administration has made clear its lack of tolerance. It’s had no tolerance for free riders,” said Thompson, from RSIS in Singapore.

“I think the countries that get that message clearest and fastest are the ones that are going to be the good partners of the United States, because it’s not like the US is abandoning allies. What the US is doing is prioritizing its most capable ones,” Thompson said.

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European leaders will once again try to grasp control of negotiations over the war in Ukraine on Thursday, in an increasingly frantic tug-of-war against the US and Russia that could be nearing a climax.

Heads of the 27 European Union (EU) nations are meeting at a special summit in Brussels to discuss a path forward in the conflict. But some fear that the involvement of ambivalent countries could derail efforts to put together a peace plan which might satisfy both Kyiv and Washington.

Europe is “entering a new era,” French President Emmanuel Macron admitted in a televised address on Wednesday night, describing an increased weariness over the shift in tone of US President Donald Trump toward Moscow.

“The United States, our ally, has changed its position on this war, is less supportive of Ukraine and is casting doubt on what will happen next,” Macron warned.

Thursday’s meeting is the latest in a string of sessions aimed at finding a ceasefire deal with Ukraine’s support before the US and Russia force one on Kyiv. A Sunday summit in London saw some progress: UK Prime Minister Keir Starmer said a small group of European nations would work with Ukraine’s President Voldoymyr Zelensky on a ceasefire proposal, then present it to the US – a workaround that might avert another meltdown in relations between Trump and Zelensky.

Zelensky said on Telegram Wednesday that Kyiv and Europe “are preparing a plan for the first steps to bring about a just and sustainable peace. We are working on it quickly. It will be ready soon.”

But Thursday’s EU-wide meeting has a key difference: It involves every nation in the bloc, not just the countries who opted to attend Starmer’s summit. And some countries are neither willing nor interested in supporting Ukraine’s fight for survival.

Hungarian Prime Minister Viktor Orban has repeatedly resisted calls to support Kyiv militarily. Unlike most of his European counterparts, he supported Trump following the president’s argument with Zelensky, writing on X: “Strong men make peace, weak men make war.”

Sharing the burden

Reaching an agreement on that will prove difficult. Without singling any countries out, the diplomat highlighted how the countries that aren’t paying their “fair share” when it comes to Ukraine are also usually failing to spend over 2% of their gross domestic product on defence.

Some serious progress is nonetheless expected. European Commission President Ursula von der Leyen announced a plan to rearm Europe in the build-up to the summit, and said the bloc could mobilize funds up to 800 billion euros ($862 billion) to achieve it. “We are in an era of rearmament,” she said in a statement Wednesday.

“The question is no longer whether Europe’s security is threatened in a very real way,” she added. “Or whether Europe should shoulder more of the responsibility for its own security. In truth, we have long known the answers to those questions.”

There are immediate discussions taking place too: including on what the peacekeeping force deployed to Ukraine to uphold a potential ceasefire might look like. First proposed just two weeks ago, the force has quickly morphed from an idea to an apparent condition of any deal.

But the official said Eastern European states that neighbor Russia were concerned that contributing to the force might leave their own borders vulnerable – a fear that Poland has been particularly open about since it was first raised.

“European NATO has about 5,000 kilometers (3,100 miles) of eastern border, so you don’t want to empty the eastern border,” the official said. “Most likely the boots on the ground, if there is to be such a component, will not come from countries like Finland or Poland who are frontline countries already and need to keep the boots on their own ground.”

The official said it was a “reasonable assumption” that most of the troops would come from Britain, France and Turkey.

The official said a timeline for confidence-building measures was under discussion, but said it might prove “challenging” for a limited ceasefire in Ukraine and prisoner swaps to begin by Easter. Agreeing and implementing a full-blown ceasefire across the whole front line in that timeframe would be “completely unrealistic,” they added.

Zelensky will attend Thursday’s meeting in Brussels. He has been welcomed warmly by European leaders at recent meetings in Paris and London, a dramatic contrast to his frosty reception at the White House. But on Thursday, there will be more ambivalent faces in the crowd.

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The US government will stop sharing air quality data gathered from its embassies and consulates, worrying local scientists and experts who say the effort was vital to monitor global air quality and improve public health.

In response to an inquiry from The Associated Press, the State Department said Wednesday that its air quality monitoring program would no longer transmit air pollution data from embassies and consulates to the Environmental Protection Agency’s AirNow app and other platforms, which allowed locals in various countries, along with scientists around the globe, to see and analyze air quality in cities around the world.

The stop in sharing data was “due to funding constraints that have caused the Department to turn off the underlying network” read the statement, which added that embassies and consulates were directed to keep their monitors running and the sharing of data could resume in the future if funding was restored.

The fiscal cut, first reported by the New York Times, is one of many under President Donald Trump, whose administration has been deprioritizing environmental and climate initiatives.

The US air quality monitors measured dangerous fine particulate matter, known as PM2.5, which can penetrate deep into the lungs and lead to respiratory diseases, heart conditions, and premature death. The World Health Organization estimates that air pollution kills around 7 million people each year.

News of the data sharing being cut prompted immediate reaction from scientists who said the data were reliable, allowed for air quality monitoring around the world and helped prompt governments to clean up the air.

‘A big blow’ to global air quality research

Bhargav Krishna, an air pollution expert at New Delhi-based Sustainable Futures Collaborative, called the loss of data “a big blow” to air quality research.

“They were part of a handful of sensors in many developing countries and served as a reference for understanding what air quality was like,” Krishna said. “They were also seen to be a well-calibrated and unbiased source of data to cross-check local data if there were concerns about quality.”

“It’s a real shame”, said Alejandro Piracoca Mayorga, a Bogota, Colombia-based freelance air quality consultant. US embassies and consulates in Lima, Peru, Sao Paulo and Bogota have had the public air monitoring. “It was a source of access to air quality information independent of local monitoring networks. They provided another source of information for comparison.”

Khalid Khan, an environmental expert and advocate based in Pakistan, agreed, saying the shutdown of air quality monitoring will “have significant consequences.”

Khan noted that the monitors in Peshawar, Pakistan, one of the most polluted cities in the world, “provided crucial real-time data” which helped policy makers, researchers and the public to take decisions on their health.

“Their removal means a critical gap in environmental monitoring, leaving residents without accurate information on hazardous air conditions,” Khan said. He said vulnerable people in Pakistan and around the world are particularly at risk as they are the least likely to have access to other reliable data.

In Africa, the program provided air quality data for over a dozen countries including Senegal, Nigeria, Chad and Madagascar. Some of those countries depend almost entirely on the US monitoring systems for their air quality data.

The WHO’s air quality database will also be affected by the closing of US program. Many poor countries don’t track air quality because stations are too expensive and complex to maintain, meaning they are entirely reliant on US embassy monitoring data.

Monitors strengthened local efforts

In some places, the US air quality monitors propelled nations to start their own air quality research and raised awareness, Krishna said.

In China, for example, data from the US Embassy in Beijing famously contradicted official government reports, showing worse pollution levels than authorities acknowledged. It led to China improving air quality.

Officials in Pakistan’s eastern Punjab province, which struggles with smog, said they were unfazed by the removal of the US monitors. Environment Secretary Raja Jahangir said Punjab authorities have their own and plan to purchase 30 more.

Shweta Narayan, a campaign lead at the Global Climate and Health Alliance, said the shutdown of monitors in India is a “huge setback” but also a “critical opportunity” for the Indian government to step up and fill the gaps.

“By strengthening its own air quality monitoring infrastructure, ensuring data transparency, and building public trust in air quality reporting, India can set a benchmark for accountability and environmental governance,” Narayan said.

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