Archive

March 26, 2025

Browsing

The stronger-than-expected Services PMI reported on Monday injected optimism into the stock market. There was also some relief as news hit that the April 2 implementation of tariffs may be scaled back.

On Tuesday, however, the market hit the brakes and stalled the upside momentum. Consumer confidence fell by 7.2 points in March, a sign that U.S. consumers are worried about the economic outlook. This, along with uncertainty about tariffs and other policies, will likely remain the focus in investors’ minds.

The bigger focus should be on whether the recent upside move in the broader stock market indexes has legs. Let’s shift our attention to the charts of the broader markets.

The Technical Picture

In the daily chart of the S&P 500 below, the index crossed above its 200-day simple moving average (SMA) on Monday, a big hurdle for the index to overcome. Alas, the lack of follow-through on Tuesday could mean the 200-day may now act as a support level. The index could also bust through its January lows and start moving up toward its 50-day SMA.

FIGURE 1. S&P 500 INDEX BROKE ABOVE 200-DAY SIMPLE MOVING AVERAGE. Will the index break above its January lows? That would be the next big hurdle.Chart source: StockCharts.com. For educational purposes.

Market breadth is showing signs of expanding, with the S&P 500 Bullish Percent Index above 50, the NYSE Advance-Decline Line starting to trend higher, and the percentage of S&P 500 stocks trading above their 200-day SMA shy of 50%.

The picture isn’t as positive for the Nasdaq Composite as it is for the S&P 500. The Nasdaq is approaching its 200-day SMA, and market breadth is showing signs of improvement, although slight (see chart below).

FIGURE 2. DAILY CHART OF THE NASDAQ COMPOSITE. The index is approaching its 200-day SMA while its breadth is showing slight signs of expanding.Chart source: StockCharts.com. For educational purposes.

Of the three broader indexes, the Dow is the one showing the most promising upside move (see chart below). Like its close cousins, it crossed above its 200-day SMA, but its market breadth has expanded more than the S&P 500 and Nasdaq. Its BPI is at 60 and the A-D Line is relatively high. The percentage of Dow stocks trading above their 200-day SMA is at 19%, but remember, the Dow has only 30 stocks in the index.

FIGURE 3. DAILY CHART OF THE DOW JONES INDUSTRIAL AVERAGE. The 200-day SMA is now a support level. All three breadth indicators are showing signs of rising.Chart source: StockCharts.com. For educational purposes.

Small-cap stocks have lagged the larger indexes and, even though the S&P 600 Small Cap Index ($SML) bounced off its March 13 low, there’s not enough follow-through to carry small caps higher. Replace the symbol in any of the above charts with $SML.

Bonds turned around on Tuesday in response to the weaker consumer confidence data. The 10-year U.S. Treasury Yield Index ($TNX) rose until the consumer confidence data was released, after which it slid lower. This was the move that should have raised eyebrows.

Bond Yields Also Teeter-Totter

Movements in Treasury yields are very telling about the state of the economy. To keep tabs on the movement in Treasury yields and the U.S. dollar, investors should monitor the Japanese yen. This may not be something you usually look at, but, given we’re in an environment where conditions change from one day to the next, it’s helpful to add a chart of the U.S. dollar relative to the yen in your ChartLists.

The daily chart of $USDJPY below has an overlay of the 21-day exponential moving average (EMA). The bottom panel monitors the performance of the 10-year yields.

FIGURE 4. DAILY CHART OF THE U.S. DOLLAR VS. JAPANESE YEN. The currency pair gives an idea of the overall health of the U.S. economy.Chart source: StockCharts.com. For educational purposes.

Generally, when U.S. Treasury yields fall, the U.S. dollar weakens relative to the yen. On Monday, the dollar rose relative to the yen when equities and Treasury yields rose, but fell on Tuesday, in conjunction with the fall in yields. You can see the close correlation between the two in the chart above.

On Monday, $USDJPY broke above the 21-day EMA. On Tuesday, the EMA acted as a support level. Can the dollar hold on to this support level and continue to strengthen relative to the yen? Yields generally rise when the economy is growing, so monitoring this chart regularly will give you a general idea of how the U.S. economy is performing.

Other Market Activity

Sector rotation was all over the place, moving back and forth from offensive to defensive. On Tuesday, Utilities, Health Care, and Real Estate were the worst-performing sectors. Communication Services, Consumer Discretionary, and Financials were the best-performing sectors. However, the change was modest, so there’s not enough to confirm a move from offensive to defensive or vice versa.

Closing Bell

Overall, the market isn’t showing convincing directional movement. Tuesday’s market activity was a bit like watching paint dry—not too exciting relative to what we have seen in the last few weeks. The upside move we saw since Friday seems to have slowed. The Cboe Volatility Index ($VIX) eased and closed at around 17, so today’s lackluster price movement didn’t do anything to make investors fearful.

The most important data this week will probably be the February PCE, which is released on Friday. Let’s see if that stirs things up.


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.

Brazilian Rare Earths Limited (ASX: BRE) (OTCQX: BRELY / OTCQX: BRETF) is pleased to report the results of exploration drilling at the Pelé Target 1 Project, located in Bahia, Brazil.

New discovery of high-grade REE-Nb-Sc-Ta-U mineralisation

  • High-grade diamond drill results at Pelé Target 1 returned assays of up to 13.5% TREO:
    • NdPr: 23,217 ppm | DyTb: 938 ppm | Nb2O5: 5,011 ppm | Sc2O3: 381 ppm | Ta₂O₅: 248 ppm | U3O8: 1,100 ppm
  • High-grade REE-Nb-Sc-Ta-U from shallow depths (~20 m) extending to vertical depths of ~70 m
  • Drillhole TG1DD0004 returned 29.8 m of a cumulative downhole mineralisation, including 15.3 m at 9.1% TREO from 25.6 m depth, with grades of:
    • NdPr: 15,617 ppm | DyTb: 692 ppm | Nb₂O₅: 1,861 ppm | Sc₂O₃: 231 ppm | Ta₂O₅: 94 ppm | U₃O₈: 754 ppm
  • Auger drilling continues to discover extensive, near-surface horizons of high-grade monazite sands, with grades of up to 7.9% TREO and assays of up to 11,681ppm NdPr and 580 ppm DyTb

Pelé Target 1 discoveries extend high-grade mineralised trendline to 10 km

  • Pelé is confirmed as a major district-scale rare earth exploration project located ~60 km southwest of BRE’s Monte Alto project in Bahia, Brazil, and covers an exploration area over 60 times larger than Monte Alto
  • Recent exploration has focussed primarily on Pelé Target 1 – one of five large exploration target areas within the larger Pelé Project area – delivering new discoveries of high-grade rare earth outcrops with grades of up to 17.7% TREO and high-grade monazite sands with grades of up to 8.5% TREO
  • New outcrop discoveries of high-grade REE-Nb-Sc-Ta-U mineralisation significantly extend the mineralised strike at Pelé Target 1 to over 10 km
  • Brazilian Rare Earths now controls three major confirmed projects – Monte Alto, Sulista and Pelé – each demonstrating significant diamond drill intersections of high-grade REE-Nb-Sc-Ta-U mineralisation

The Pelé Project is hosted within the Volta do Rio Plutonic Suite, a large-scale magmatic system that extends over 180 km in Bahia, Brazil. Brazilian Rare Earths has confirmed the exploration potential of the province with multiple discoveries of ultra-high-grade mineralisation, including rare earth elements (REE), niobium (Nb), scandium (Sc), tantalum (Ta), and uranium (U).

Pelé Target 1 has the largest expanse of weathered REE-Nb-Sc-U outcrops discovered since exploration commenced at the Rocha da Rocha rare earth province. New geological mapping, 75 line-km of ground gamma stations and 162 new outcrop samples highlights that REE-Nb-Sc-Ta-U mineralisation repeats along eastern and western limbs of a regional structural fold that now extends over 10 km at the project.

Successful diamond drilling at Pelé Target 1

The new drilling results are from 10 diamond core holes totalling 901 metres and 100 auger drill holes totalling 1,095 metres. Assays are pending for a further 19 auger holes totalling 243 metres.

High-grade, hard rock REE-Nb-Sc-Ta-U mineralisation was intersected from shallow depths with assay grades of up to 13.5% TREO. High grades of neodymium and praseodymium were recorded, with grades up to 23,217 ppm NdPr, as well as high grades of dysprosium and terbium of up to 938 ppm DyTb.

Click here for the full ASX Release

This post appeared first on investingnews.com

Gibb River Diamonds Limited (ASX:GIB) has announced Edjudina Gold Project, WA – Permitting Application to Mine Neta Prospect Lodged.

  • Gibb River Diamonds Limited (‘GIB’ or the ‘Company’) is pleased to announce that a Mining Proposal covering the Edjudina Gold Project (GIB 100%) has been lodged with the West Australian Mines Department (DEMIRS)
  • The aim of the ‘Mining Proposal For Small Mining Operations’ is to permit mining of the Neta Prospect, part of the Edjudina Gold Project, which is on granted mining lease M31/495
  • The Indicated and Inferred Resource JORC resource at the Neta Prospect is 378,000 tonnes @1.9 g/t for 24,000 Oz Au and includes an Indicated Resource of 110,000 tonnes @ 2.2g/t for 8,000 Oz Au1
  • It is the primary focus of GIB to mine or otherwise monetise this Neta resource as soon as is practicable. The lodging of this Mining Proposal is an important step forward in achieving this aim
  • Once granted, the Mining Proposal will permit for a Mine and Haul operation to be conducted at the Neta Gold Prospect, using toll treatment at a third-party mill (pending commercial contracts). This is the Company’s current priority.
  • The Company is currently communicating with the WTAC Native Title group to finalise a date for a heritage survey to be conducted at the Edjudina Project. It is anticipated that this heritage survey will take place sometime in April 2025. This survey will assist in facilitating both mining at the Neta Prospect and the drilling of new exploration targets in the Company’s recently acquired and highly prospective mining lease M31/481, adjacent to the proposed Neta mining area
  • Discussions are ongoing with various West Australian groups which specialises in mine, haul and toll milling gold operations

NB: it is anticipated that subsequent to the commencent of mining, from time to time, that additional permitting will be required at Edjudina. It is not the intention of GIB to report to the ASX permitting applications, or re-submissions, which the Company does not consider to be material, but are a routine part of permitting mining operations.

About the Edjudina Gold Project

GIB’s Edjudina Gold Project is 145km north east of Kalgoorlie and is located in the heart of the Eastern Goldfields of WA. The project comprises multiple parallel lines of nearly continuous historic gold workings over a 13km strike in which high grade veins have been worked2. A haul road owned and operated by Northern Star Resources Limited runs through the north of the project directly to the Carosue Dam milling complex 45 km to the south.

Click here for the full ASX Release

This post appeared first on investingnews.com

Titanium Sands Limited (“TSL”) is pleased to announce the progression of the approval processes for its Mannar Heavy Mineral Project in Sri Lanka, following the release by the CEA of the Terms of Reference for the Mannar Island Environmental Impact Assessment (EIA).

  • Central Environment Authority (CEA) has provided the Terms of Reference (ToR) for the environmental assessment of the Mannar Heavy Mineral Project following site visits and input from 35 regulatory bodies and government departments
  • The ToR contains the requirements for the environmental studies for an Environmental Impact Assessment (EIA)
  • On completion of the EIA, the Geological Survey and Mines Bureau (GSMB) will then be in a position to issue an Industrial Mining License (IML) for the Project
  • The ToR outlines environmental, heritage, social and economic requirements necessary for GSMB approval of the IML
  • TSL is focused on delivering economic benefits to the people of Mannar, through job creation and generational wealth, while preserving cultural heritage and protecting the environment

The release of the ToR on 20 March 2025 followed a series of CEA meetings and presentations, culminating in the Scoping Presentation on 22 August 2024 and the Scoping Site Visit on 19 February 2025 by stakeholders in the Project. Submissions made by stakeholders at both the scoping meetings have been included in the ToR which forms the basis of the requirements of the EIA.

TSL’s Managing Director, Dr James Searle said“the release of the ToR is a significant step forward in the regulatory approvals process for this Project. The Project will deliver a high-grade mineral sands operation that will create significant employment opportunities and become a source of wealth for local communities, as well as a significant boost in revenues to the Government of Sri Lanka.

TSL is focused on delivering a low impact environmentally friendly project, with the highest levels of social awareness and inclusion. As heavy minerals have been mined for decades on the Sri Lankan mainland, TSL looks forward to building on the size and quality of the industry making a significant impact to the economic benefits of Sri Lanka”.

Next Steps

ToR

The ToR has been prepared on input from 35 departments and regulatory bodies within Sri Lanka’s Government. TSL’s EIA consultants will be required to address the following as outlined in the ToR:

  • Overview of the proposed project and reasonable alternatives
  • Report on existing environment and surrounds
  • Report on anticipated environmental impacts
  • Prepare an Environmental Management Plan (EMP) and monitoring program
  • Assess all aspects of nature and wildlife restrictions
  • Host community consultation and engagement.

The ToR also requires a report on any areas beyond the project site where there is potential for environmental impacts.

Environmental Impact Assessment

The EIA process will commence immediately. The EIA consultants will now be in a position to prepare a draft EIA to address the requirements of the ToR. The EIA will address baseline and impact assessments, mitigation measures and proposed strategies and management plans culminating in an efficient and environmentally successful project. The final EIA submission for GSMB review and approval is expected mid 2025, with support from government agencies and community groups.

As part of the EIA process, community consultation and comment will be undertaken with Mannar communities ensuring any other issues or concerns are addressed in the EIA.

Recent meetings with all of CEA, GSMB and Board of Investment (BoI) in Sri Lanka have led to the understanding that on completion of the EIA, formal IML approval would be granted in a timely manner.

Click here for the full ASX Release

This post appeared first on investingnews.com

(TheNewswire)

All figures are stated in Canadian dollars unless otherwise noted.

TORONTO, ON TheNewswire – March 26, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce the release of its financial results for the year ended December 31, 2024. The Company has filed its audited consolidated financial statements, management’s discussion & analysis and annual information form for the year ended December 31, 2024 on SEDAR+ ( www.sedarplus.ca ) and will be uploading these filings to its website today.

In the fourth quarter of fiscal 2024, SCRi recorded revenue of $234,702 based on the minimum aggregate quarterly payments of the cash equivalent (‘ Minimum Payments ‘) of 5,500 silver ounces under its royalties compared to the previous quarter’s revenue of $164,425 that was based on Minimum Payments of 4,245 silver ounces. SCRi revenue for the fourth quarter of fiscal 2023 was $52,976 based on Minimum Payments of 1,837 silver ounces.

Silver Ounce and Revenue Growth Profile

Source: SEDAR+, company filings

Summary of Quarterly Results

Three months ended December 31, 2024

Three months ended September 30, 2024

Three months ended December 31, 2023

Attributable Silver Ounces

5,500 1

4,245

1,837

% change (Q/Q and Y/Y)

30%

199%

Revenue

$234,702

$164,425

$52,976

% change (Q/Q and Y/Y)

43%

343%

1 Note: The Minimum Payment due for the fourth quarter of fiscal 2024 on the Company’s royalty on the PGDM Complex owned by a
subsidiary Pilar Gold Inc. remains overdue and outstanding.

Peter Bures, Silver Crown’s Chief Executive Officer, commented, ‘I’m happy to announce that Q4 of 2024 marks our seventh consecutive quarter of growth in revenue that is based on underlying silver ounces earned under various royalty agreements. This milestone reflects our ability to execute our strategy as well as the drive and dedication of our team. Looking back, our full-year 2024 revenue has climbed to $581,337 from $124,772 in 2023, a 366% increase – a significant achievement for our team and shareholders. We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, ‘ We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter’- . 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 information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, 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 are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Silver Tiger Metals Inc. (TSXV: SLVR) (OTCQX: SLVTF) (the ‘Company‘ or ‘Silver Tiger’) is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters (together, the ‘Co-Lead Underwriters’) and joint bookrunners (together with a syndicate of underwriters, the ‘Underwriters’) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company (the ‘Common Shares’) at a price of C$0.33 per Common Share (the ‘Offering Price’) for gross proceeds to the Company of approximately C$15,000,150 (the ‘Offering’).

The Company will grant the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering. If this option is exercised in full, an additional C$2,250,023 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$17,250,173.

The Company plans to use the net proceeds from the Offering to fund exploration and development expenditures at the Company’s El Tigre Project in Mexico, as well as for working capital and general corporate purposes. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Common Shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The Offering is scheduled to close on or about April 14, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The Preliminary and Final Prospectus’ will be filed with the securities commissions in each of the provinces of Canada, except Quebec, and will be available on SEDAR+ at www.sedarplus.ca. Alternatively, the Preliminary and Final Prospectus’ may be obtained upon request by contacting the Company or Stifel in Canada, attention: ProspectusCanada@stifel.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and application state securities laws.

About Silver Tiger and the El Tigre Historic Mine District

Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large hydrothermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end. In 1896, gold was first discovered on the property in the Gold Hill area and mining started with the Brown Shaft in 1903. The focus soon changed to mining high-grade silver veins in the area with production coming from 3 parallel veins the El Tigre Vein, the Seitz Kelley Vein and the Sooy Vein. Underground mining on the middle El Tigre vein extended 1,450 meters along strike and was mined on 14 levels to a depth of approximately 450 meters. The Seitz Kelley Vein was mined along strike for 1 kilometer to a depth of approximately 200 meters. The Sooy Vein was only mined along strike for 250 meters to a depth of approximately 150 meters. Mining abruptly stopped on all 3 of these veins when the price of silver collapsed to less than 20¢ per ounce with the onset of the Great Depression. By the time the mine closed in 1930, it is reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of silver from 1.87 million tons (Craig, 2012). The average grade mined during this period was over 2 kilograms silver equivalent per ton. The El Tigre silver and gold deposit is related to a series of high-grade epithermal veins controlled by a north-south trending structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre Volcanic Complex within a broad silver and gold mineralized prophylitic alteration zone developed in the El Tigre Formation that can be up to 150 meters wide. The veins dip steeply to the west and are typically 0.5 meter wide but locally can be up to 5 meters in width. The veins, structures and mineralized zones outcrop on surface and have been traced for 5.3 kilometers along strike in our brownfield exploration area. Historical mining and exploration activities focused on a 1.6 kilometer portion of the southern end of the deposits, principally on the El Tigre, Seitz Kelly and Sooy veins. The under explored Caleigh, Benjamin, Protectora and the Fundadora exposed veins continue north for more than 3 kilometers. Silver Tiger has delivered its maiden 43-101 compliant resource estimate and is currently drilling to update its resource estimate and publish a PEA

VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps. Access the Silver Tiger Metals Inc. Company Profile on VRIFY at: https://vrify.com The VRIFY Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be viewed at: https://vrify.com/explore/decks/492 and on the Corporation’s website at: www.silvertigermetals.com.

Procedure, Quality Assurance / Quality Control and Data Verification

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work. The sealed and tagged sample bags are transported to the Bureau Veritas facility in Hermosillo, Mexico. Bureau Veritas crushes the samples (Code PRP70-250) and prepares 200-300 gram pulp samples with ninety percent passing Tyler 200 mesh (Code PUL85). The pulps are assayed for gold using a 30-gram charge by fire assay (Code FA430) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code FA530). Silver and multi-element analysis is completed using total digestion (Code MA200 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code FA530). Quality assurance and quality control (‘QA/QC’) procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed Silver Tiger’s QA/QC protocols.

Qualified Person

David R. Duncan, P. Geo., V.P. Exploration of the Corporation, is the Qualified Person for Silver Tiger as defined under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical information in this press release.

CAUTIONARY STATEMENT:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain ‘forward-looking statements’. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, the ability to convert inferred resources to indicated resources, the ability to complete future drilling programs and infill sampling, the ability to extend resource blocks, the similarity of mineralization at El Tigre to Delores, Santa Elena and Chispas, exploration results, and future plans and objectives of Silver Tiger, are forward-looking statements that involve various risks and uncertainties. Forwardlooking statements are frequently characterized by words such as ‘may’, ‘is expected to’, ‘anticipates’, ‘estimates’, ‘intends’, ‘plans’, ‘projection’, ‘could’, ‘vision’, ‘goals’, ‘objective’ and ‘outlook’ and other similar words. Although Silver Tiger believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger’s expectations include risks and uncertainties related to exploration, development, operations, commodity prices and global financial volatility, risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described from time to time in the filings made by Silver Tiger with securities regulators.


Source

This post appeared first on investingnews.com

Canadian Prime Minister Mark Carney said Canada must “look out for (itself)” as the fallout over top US officials sharing military operation details inside a popular messaging app reverberates among key intelligence allies and partners.

“It’s a serious, serious issue and all lessons must be taken from any of those, including in this circumstance,” Carney told reporters on a campaign trail stop in Halifax, Nova Scotia Tuesday ahead of the country’s April 28 election.

Canada has long been one of the US’s closest allies, though the relationship has deteriorated in recent months since President Donald Trump threatened to enact sweeping tariffs on Canadian goods and annex the country as the “51st state.”

“We have a very strong intelligence partnership with the Americans through Five Eyes,” Carney said, referring to the intelligence-sharing alliance between Canada, the US, the United Kingdom, Australia and New Zealand.

“Mistakes do happen, but what’s important is how people react to those mistakes and how they tighten them up,” Carney said.

Carney said the likely leak of sensitive military plans by senior US officials means Canadians must “look out for ourselves.”

“My responsibility is to plan for the worst, is to think about the most difficult evolution of the new threat environment, what it means for Canada and how do we best protect Canada,” Carney said. “Part of that response is to be more and more Canadian in our defense capabilities, more and more Canadian in our decisions, to take greater ownership.”

Other Five Eyes allies have been tighter lipped about the apparent intelligence leak.

A spokesperson for British Prime Minister Keir Starmer insisted nothing was awry in the UK-US relationship.

“We have a very close relationship with the US on matters of security, defense and intelligence,” spokesman Dave Pares told the Associated Press. “They are our closest ally when it comes to these matters, have been for many years and will be for many years to come.”

France’s foreign ministry said “the United States is our ally, and France intends to continue its cooperation with Washington, as well as with all its allies and European partners, in order to address current challenges — particularly in the area of European security,” according to the AP.

“Australia and the United States engage regularly on implementation of mutually recognised standards for the protection of classified material,” they said in a statement.

A spokesperson for New Zealand Prime Minister Christopher Luxon declined to comment.

This post appeared first on cnn.com

The two most important things in Jerce Reyes’s life, according to those who know him best, are family and soccer.

The former professional soccer player’s tattoos are a testament to those passions: of a soccer ball and other symbols on his left arm, as well as the names of his two daughters, which were all inked by his friend Victor Mengual.

Little did this Venezuelan player know that some of those drawings would, years later, lead to him being placed in Immigration and Customs Enforcement (ICE) custody in the United States in September.

This month, the 35-year-old was among the hundreds of Venezuelan deportees transferred to El Salvador’s most notorious prison after US President Donald Trump invoked an 18th century law to deport hundreds of undocumented migrants to the Central American country.

Part of the reasoning for Reyes’s deportation, US authorities argue, lies on his arms, which they say is evidence of his membership to an infamous Venezuelan gang, Tren de Aragua.

But Mengual, who works as a tattoo artist in Venezuela and tattooed Reyes twice in 2018 and 2023, says this is all a misunderstanding.

Below the crown, Mengual had tattooed the word “Dios,” which means God in Spanish and is also the nickname of the late Argentinian soccer star Diego Armando Maradona.

Other tattoos Mengual drew on Reyes are the names of his daughters, Isabela and Carla Antonella, a map of Venezuela, a star, and a goalkeeper, his position on the pitch, he said.

US authorities have linked certain tattoos to the criminal group. Guidance on Tren de Aragua from the Texas Department of Public Safety states that tattoos of crowns, roses or stars are all widely used by the gang members, while two of its mottos include the words Real and Dios.

“It’s so unjust!” Mengual despaired. “I’ve read in the news that Tren de Aragua uses crowns or roses, but, so what? I don’t understand why an innocent man has to pay for it?”

‘This is not true’

In southern Mexico, Reyes’s partner denies the accusations against him.

The deportee’s lawyer Tobin said Reyes left the Venezuelan city of Machiques last March following political unrest. He arrived in Mexico and registered on the CBP One app, a Biden-era mechanism for migrants to legally enter the US.

Records show Reyes entered the US on September 1 for an appointment with migration authorities but was immediately detained, accused of being a gangster, and placed in ICE custody.

She also showed reels of Reyes’s performances as a soccer player in Venezuela’s First and Second Divisions.

In December, Reyes and Tobin applied for asylum and withholding of removal and he was granted a hearing to present his case based on the political situation in Venezuela. A few months later, Trump was inaugurated and quickly launched an immigration crackdown.

According to his lawyer, Reyes is still due to appear in front of an immigration judge in San Diego on April 17.

On March 16, Araujo started scrolling through videos shared on social media by the Salvadorean presidency showing the deportees’ arrivals at the Counter-Terrorism Confinement Center (CECOT), a maximum-security prison designed to hold El Salvador’s gangsters.

Amid clips showing deportees frog-marched in white uniforms towards their cell, Araujo was able to spot someone resembling her partner.

The following day Tobin got confirmation that Reyes had indeed been deported. His name later appeared in a list of deportees first published by CBS News, as claims of innocence from the families of the deportees began to sprout across the media.

“He’s innocent, and it’s not only the family who says it, everyone who knows Jerce knows this is not true,” Araujo claims.

A community calls for his release

In Reyes’ hometown Machiques, a small, rural city close to the border with Colombia, his old club Perijaneros FC is starting a campaign to demanding his release.

In footage shared on Instagram and TikTok, children from the soccer school recite a prayer for their former coach, who left town like so many others looking for a better future abroad.

In the last decade, more than eight million Venezuelans have fled economic crisis and political repression under President Nicolas Maduro, who criticized the US and El Salvador for “kidnapping” his fellow citizens last week.

When the news broke that he had been deported to El Salvador, the community was shocked, he said.

“I don’t understand, how can you take a person and put it in a cell without a thorough investigation? How could they not look into this before condemning a person?”

This post appeared first on cnn.com

A light earthquake rattled Beijing overnight, waking residents and sending students rushing from their dorms as videos of shaking living rooms went viral on Chinese social media on Wednesday.

The 4.5-magnitude quake struck a suburb of the nearby port city of Tianjin at 01:21 a.m. local time at a depth of 10 kilometers (6.2 miles), according to the United States Geological Survey (USGS).

The China Earthquake Networks Center measured the quake at a magnitude of 4.2 and a depth of 20 kilometers (12.4 miles), placing the epicenter in Yongqing county in neighboring Hebei province.

The epicenter was only 13 kilometers from Beijing at the closest point, the Beijing Earthquake Agency said, with tremors felt strongly in some areas of the Chinese capital.

“It did not cause any structural damage to buildings in the city and will not impact the normal functioning of daily life or production,” the agency said in an statement. The quake would not influence seismic activity in the city, it added.

Beijing, a metropolis of 22 million people, has periodically been affected by tremors from earthquakes nearby. The Beijing plain is a seismically active area and home to more than a dozen seismic fault lines, including one that runs from the city’s Shunyi district in the northeast through downtown.

But for many residents, tremors strong enough to wake them in the middle of the night were a novel experience.

The quake was among the top trending topics on Chinese social media platforms on Wednesday, with many Beijingers posting videos of swaying ceiling lights and sharing their experiences of waking up to their bedrooms quivering.

“I made a quick judgment and decided not to run – because I didn’t feel any tremors, and my phone showed that both the magnitude of the epicenter and the level expected to reach Beijing were low,” she said.

Chirimiri Li, a university student in the capital, took no chances after being woken by a loud ring on her roommate’s cellphone. She said she initially thought the alarm was set for the wrong time and was about to ask her roommate to turn it off.

“That’s when I realized the slight shaking I had felt earlier wasn’t from staying up too late – it was actually an earthquake,” Li said.

“I immediately woke up the rest of our dorm and told everyone there was an earthquake. When we opened the door, we saw people already running outside, so we figured it’s better to be safe than sorry and ran out too. By then, the shaking had already stopped.”

The students stayed in an open area for about half an hour before the crowd gradually started to head back.

“I was a bit scared when I first told everyone about the earthquake, but once we all decided to run out together, we calmed down,” Li said, adding that the only other quake she remembered in Beijing was back when she was in kindergarten.

On Chinese social media, some noted that most users who shared their experiences of running outside were students.

“Nothing happened in my residential complex,” one comment said.

“Office workers have already become lazy and numb — wearing eye masks and earplugs to sleep, completely unaware of anything going on,” said another.

A 4.5-magnitude quake struck Yangliuqing, a suburb of the port city of Tianjin at 01:21 a.m. local time Wednesday, according to the United States Geological Survey (USGS).
This post appeared first on cnn.com

South Korea’s government fabricated birth records, falsely reported children had been abandoned and failed to properly conduct safety checks of prospective parents during its postwar frenzy of sending babies overseas for adoption, a long-awaited investigation reported on Wednesday.

Authorities say more than 200,000 South Korean children have been adopted overseas since the 1950s, when the impoverished country was rebuilding from the devastation of World War II and the Korean War – giving rise to a massive and lucrative adoption industry.

Many of those adopted children, now adults scattered across the globe and trying to trace their origins, have accused agencies of coercion and deception, including in some cases forcibly removing them from their mothers.

On Wednesday, the government’s Truth and Reconciliation Commission released its findings on the first 100 cases analyzed out of 367 total petitions filed by adoptees sent overseas between 1964 and 1999.

The adoptees hail from 11 different countries – and many believed their adoptions could have been the result of corruption and malpractice, suspicions that have swirled among the Korean adoptee community for years.

Of those first 100 cases, 56 were identified as “victims” of the government’s negligence, which amounted to a violation of their rights under the Korean constitution and international convention, the commission found.

Part of the problem was that adoptions were almost entirely run by private agencies relying on donations, without government oversight, said Commissioner Lee Sang-hoon at a news conference announcing the findings on Wednesday.

“When adoption agencies depend on donations from adoptive parents, they are pressured to continue sending children abroad to sustain their operations. This structure increases the risk of illegal adoptions,” Lee said.

The commission found evidence of fabricated records, including “deliberate identity substitution” and false reports that the children being adopted had been abandoned by their birth parents. Often there was lack of proper parental consent for adoption, the commission said.

The adoption process was also riddled with problems – including inadequate screening of adoptive parents, neglect from guardians caring for the children, and cases where foreign adoptive parents were pressured to pay to be given a child.

The report gave one example of a woman who signed an adoption consent form the day after giving birth. An adoption agency then took custody of the child after conducting just one interview with the mother, without obtaining any documentation verifying her identity or proving the biological relationship.

The investigation of more than 300 cases began in 2022 and is due to end in May. The latest findings add to a growing list of evidence of deeply rooted, widespread malpractice and coercion in what the commission called a mass exportation of children to meet foreign demand.

It recommended that the government offer an official apology, conduct a comprehensive survey of adoptees’ citizenship status and come up with remedies for victims whose identities were falsified.

“It’s been a long wait for everybody,” said Han Boon-young, who grew up in Denmark and who was one of the 100 adoptees whose cases were heard by the commission. “And so now we do get a victory. It is a victory.”

However, she said she hadn’t been designated a “victim” because of insufficient documentation.

“If they say, we recognize that this is state violence, then how can they not recognize those who don’t have much information? Because that’s really at the core of our issues, that we don’t have information … it’s been falsified, it’s been altered,” she said on Wednesday after the report’s release.

“We’ve had no rights because we don’t have any documents in the first place… This is about human rights – it goes beyond individual cases.”

While adoptions continue today, the trend has been declining since the 2010s after South Korea amended its adoption laws in an effort to address systemic issues and reduce the number of children adopted overseas.

This post appeared first on cnn.com