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After a major low in October 2023 around $103, ICE spent the next 12 months in a primary uptrend formed by a consistent pattern of higher highs and higher lows. Note the bearish momentum divergence that occurred going into the late October high around $167, and how the subsequent pullback found support right at the 38.2% Fibonacci retracement of the previous uptrend phase.

Over the last six weeks, ICE has reversed course and now sits above two upward-sloping moving averages as it has achieved a new all-time high. The bottom panel provides a fantastic reminder of the value of buying strong charts after they have pulled back to potential support levels, and also shows the impressive outperformance ICE has experienced in 2025.

The daily chart of Visa (V) features a cup-and-handle pattern for much of 2024, with a rounded bottom pattern ending with a brief pullback before a breakout above the “rim” of the cup. From that breakout around $290 in early November 2024, Visa has not looked back. This week, V achieved a new 52-week high, continuing a trend of outperformance that goes back to that November breakout.

Visa is a great example of what comprises a strong technical configuration. Price is making higher highs and higher lows, the two moving averages are both sloping higher, the RSI remains in a bullish range between 40 and 80, and the relative strength has been trending higher. As long as those features remain, the chart suggests further upside potential.

Not all financial names have been breaking out this week, with JPMorgan Chase (JPM) a great example of stocks that have pulled back even though the long-term trend remains strong. This week, JPM dropped to test its 50-day moving average, in a similar fashion to other pullbacks through the last 18 months.

Even with those frequent drawdowns, however, JPMorgan has sustained a bullish momentum configuration, with the RSI usually finding a low around 40 on price pullbacks. The relative strength has improved over the last six months, as JPM has managed to move higher while leading growth names have been struggling to hold key support levels.

One of the most common momentum factors measured by quantitative models is called the “12-1” factor, meaning the 12-month return minus the one-month return. A stock that has experienced a strong 12 months but a weak one-month would score the best. I would guess those momentum models are grading JPM quite well given the recent pullback and long-term bullish phase.

The best way I’ve found to weather periods of market uncertainty is to focus on relative strength, looking for stocks that are able to outperform their struggling benchmarks. These three stocks in the financial sector prove that there are charts out there with decent technical configurations; you just need to know where to look!

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


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.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Statistics Canada released its preliminary estimates for the 2024 annual mineral production survey on Wednesday (February 26).

The report showed that the United States was the top trading partner for metal ores and non-metallic minerals over the last year. Canada’s resource sector shipped C$6.4 billion worth of commodities to the US in 2024. Meanwhile, imports into Canada totaled C$4.3 billion.

The top three export destinations for the Canadian mining sector were the US, which represented 23.9 percent of exports in 2024, followed closely by China with 20.3 percent and Japan with 8.9 percent.

At a value of C$4.2 billion, potash was the top mineral Canada exported to the US, representing 65.2 percent of metal and mineral exports. Diamonds and other non-metallic minerals were Canada’s next highest export to the US in this category, accounting for 13.1 percent of exports and having a trade value of C$844 million.

Overall, Canada shipped a total of C$54 billion worth of metals, non-metals and aggregates in 2024. The most valuable subcategory was gold, with Canada shipping 198,899 kilograms during 2024 worth an estimated C$16.89 billion. The second most valuable was potash, which saw 25.47 million metric tons shipped, adding C$8.68 billion to the Canadian economy.

Canada’s largest trading partner for minerals, the US, is causing considerable uncertainty in 2025 as the Trump administration continues to threaten sweeping 25 percent tariffs on all exports from Canada excluding energy, which would receive 10 percent tariffs.

The tariffs were originally set to go into effect in early February before being pushed back to the beginning of March, although US President Donald Trump did enact 25 percent tariffs on steel and aluminum imports in mid-February.

This past Wednesday, Trump indicated that the date for the sweeping tariffs had been pushed back to April 2, but walked it back in social media posts on Thursday, saying the tariffs would still go forward on March 4.

Since he assumed office on January 20, Trump’s foreign and domestic policies have sparked fears of a global trade war. Markets have struggled in recent weeks while the price of gold has soared to record highs as investors seek haven assets.

His economic moves towards Canada alongside comments calling Canada the 51st state and questioning its legitimacy as a nation have caused significant concern among Canadians, many of whom have begun boycotting US travel and products in favor of supporting Canadian companies.

Markets and commodities react

US equity markets were broadly down this week through the close of trading on Thursday (February 27), with CNN reporting markets are currently being driven by “Extreme Fear.” The S&P 500 (INDEXSP:INX) lost 4.13 percent over the four day period to end at 5,861.56, and the Nasdaq-100 (INDEXNASDAQ:NDX) fell 7.05 percent to 20,550.95 by Thursday. The Dow Jones Industrial Average (INDEXDJX:.DJI) saw the smallest drop, losing just 1.33 percent to 43.239.51.

In Canada, markets were also in decline. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 4.79 percent to close at 615.84 on Thursday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 1.61 percent loss to 25,128.24 and the CSE Composite Index (CSE:CSECOMP) dropped 3.73 percent to 127.53.

After hitting new all-time highs last week, the gold price slipped over the past four trading days losing 2.08 percent to US$2,876.00 per ounce at 5:00 p.m. EST Thursday. The silver price saw steeper declines, losing 5.04 percent during the period to US$31.25.

In base metals, the copper price spiked to almost US$4.75 late Tuesday as Trump floated copper tariffs, but ended Thursday down on the week overall, closing the day at US$4.59 per pound on the COMEX. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) shed 3.16 percent to close at 560.29.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

We break down this week’s five best-performing Canadian mining stocks below.

Data for this article was retrieved at 3:00 p.m. EST on Thursday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. GPM Metals (TSXV:GPM)

Weekly gain: 36.84 percent
Market cap: C$14.43 million
Share price: C$0.13

GPM Metals is a mineral exploration company working to advance its Walker Gossan zinc-lead project in the Northern Territory of Australia.

In June 2024, GPM announced that it concluded a sale and purchase agreement with a Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) subsidiary to wholly acquire the Walker Gossan project in Australia as well as two nearby exploration license applications. The terms of the deal replaced a previous farm-in agreement.

Rio Tinto’s subsidiary has the option to earn up to 49 percent interest back in the future on certain milestones. Additionally, it retains the right to be paid a further contingent amount equivalent to the future value of 1,000 metric tons of zinc and lead if GPM discovers a mineral resource greater than 20 million metric tons with combined zinc and lead grades above 8 percent.

In July 2024, GPM announced that it had finalized plans for an exploration program to be conducted in 2024 and 2025 that will follow up on previous work at the property, which identified a 2 kilometer by 1 kilometer gravity anomaly. Due to unexpected damage to the access route from storms, the program was delayed until the end of the wet season, April 2025, and will be overseen by new CEO John Timmons.

Shares in GPM Metals were up this week, although the company has not released any news in 2025.

2. DLP Resources (TSXV:DLP)

Company Profile

Weekly gain: 33.33 percent
Market cap: C$34.99 million
Share price: C$0.30

DLP Resources is a mineral exploration company focused on advancing its flagship Aurora copper-molybdenum project in Peru.

The 8,500 hectare site is located in the Central Andes. Exploration work has been performed at the site since the early 2000s, with DLP conducting drill programs in 2023 and 2024.

Shares in DLP saw gains this week following the release of a technical report for Aurora on Thursday that included a maiden mineral resource estimate with significant copper and molybdenum spread over two zones.

The inferred resource totals 1.05 billion metric tons of ore containing 4.65 billion pounds of copper, 1.1 billion pounds of molybdenum and 80 million ounces of silver. The resource has average grades of 0.2 percent copper, 0.05 percent molybdenum and 2.4 grams per metric ton silver.

The company said it is pleased with the size and results of the report and will continue drilling the site to upgrade the resource ahead of a preliminary economic assessment.

3. TriStar Gold (TSXV:TSG)

Company Profile

Weekly gain: 29.63 percent
Market cap: C$51.79 million
Share price: C$0.175

Tristar Gold is a gold exploration and development company focused on advancing its Castelo de Sonhos project in Pará State, Brazil.

According to a 2021 pre-feasibility study, the property consists of six concessions and has hosted historic small-scale artisanal mining over the past several decades. Between 2010 and 2021, Tristar drilled more than 67,000 meters in 611 holes.

The economics included in the study demonstrate that, at an annual 5 percent discount rate, the project has an after-tax net present value of US$321 million and internal rate of return of 28 percent with a payback period of 2.8 years. The base case was calculated using a gold price of US$1,550 per ounce.

The project was issued a preliminary license in August 2024 from the Para Secretariat for the Environment and Sustainability (SEMAS), a crucial environmental hurdle and the first of a three-stage process to allow project development.

The project experienced some delays in October as federal prosecutors recommended that the license be suspended pending the completion of additional archaeological studies and Indigenous Component Studies. In a follow-up announcement in December, Tristar indicated that the permit for the site would remain valid, with SEMAS providing a strong technical defense of the permitting process.

The company has not released further information on the proceedings and has spent early 2025 raising funds. The most recent news came on February 21, when it announced it had closed the final tranche of a non-brokered private placement for gross proceeds of C$1.08 million.

4. Star Diamond (TSX:DIAM)

Company Profile

Weekly gain: 28.57 percent
Market cap: C$27.79 million
Share price: C$0.045

Star Diamond is an exploration and development company working to advance its flagship Fort à la Corne diamond district in Saskatchewan, Canada.

The property is located 60 kilometers east of Prince Albert, Saskatchewan. Previously a joint venture with Rio Tinto, Star Diamond acquired Rio Tinto’s stake in the project in March 2024 in exchange for 119.32 million shares in Star Diamond, resulting in Rio Tinto holding a 19.9 percent ownership position in the diamond junior.

Fort à la Corne has seen extensive exploration of kimberlite deposits, including geophysical surveys, large-diameter drilling and micro- and macro-diamond analyses.

The Star-Orion South diamond project, the most advanced project area in Star Diamonds’ portfolio, is located within the district.

In 2018, the company released a PEA for Star-Orion South, which reported a resource of 27.15 million carats of diamonds from 200.16 million metric tons with an average grade of 14 carats per 100 metric tons. The inferred resource is 5.18 million carats from 72.08 million metric tons, with an average grade of 7 carats per 100 metric tons.

At the time, the company estimated a post-tax NPV of C$2 billion, an IRR of 19 percent and a payback period of 3 years and 5 months.

On January 9, Star Diamond announced that a 70.7 million share block held by a former project partner had been sold, with 61.12 million shares purchased by an international investor interested in diamonds.

The company’s most recent news came on February 27, when it announced that it had closed the second tranche of its private placement for gross proceeds of C$230,000, adding to the C$335,000 from the first tranche it closed on February 18. The funds will be used as working capital. According to the announcement, Star Diamond is discussing funding for a pre-feasibility study with potential investors.

5. Canuc Resources (TSXV:CDA)

Company Profile

Weekly gain: 21.43 percent
Market cap: C$13.60 million
Share price: C$0.085

Canuc Resources is an exploration and development company focused on its flagship San Javier silver and gold project in Sonora, Mexico.

As part of its strategy, Canuc also owns the MidTex natural gas project, which consists of eight producing natural gas wells it uses to provide steady, long-term cash flow.

Its San Javier project consists of 28 contiguous claims covering 1,052.9 hectares, with the most recent set of claims acquired in July 2024. The company has completed limited exploration work at the site, the most recent being a mapping and sampling program in January 2024.

The most recent news from Canuc came on February 13 when it announced it had entered into a definitive arrangement agreement to acquire Macdonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF). Multiple conditions must be met before it is finalized, including several approvals and Canuc completing a C$500,000 private placement.

If completed, the deal will see Canuc acquire Macdonald and its flagship SPJ project located 40 kilometers northeast of the Sudbury mining camp in Ontario, Canada. The site covers 19,710 hectares and hosts mineralization of copper, gold, cobalt, nickel and rare earth elements.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce it has closed its previously announced non-brokered private placement for gross proceeds of $2,500,000 (the ‘Offering’) through the issuance of 13,157,894 units (each, a ‘Unit’) sold at a price of $0.19 per Unit.

Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.28 per common share for a period of two years from the date of issuance.

The Company intends to use the proceeds for exploration activities in Ireland, including at the Company’s 100%-owned Ballywire zinc-lead-silver discovery at the PG West Project and for general working capital purposes.

The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued with respect to the Offering are subject to a hold period expiring on June 29, 2025, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

In connection with the Offering, the Company paid commissions of $35,619.36 and issued 187,469 finders warrants (the ‘Finder Warrants‘) to certain finders. Each Finder Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.28 per common share for a period of 24 months from closing.

None of the securities sold under the Offering have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news 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 the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.

Michael Gentile, a director of the Company, acquired 1,052,631 Units at a price of $0.19 per Unit for total consideration of $200,000. Prior to closing of the Offering, Mr. Gentile held 35,049,502 common shares, 150,000 stock options and 1,841,444 common share purchase warrants, each stock option and warrant entitling Mr. Gentile to purchase one additional common share upon payment of additional consideration to the Company. These common shares, stock options and warrants represented approximately 16.46% of the Company’s then-issued and outstanding common shares on an undiluted basis and approximately 17.23% of the Company’s then-issued and outstanding common shares on a partially diluted basis, assuming conversion of Mr. Gentile’s warrants into common shares. Following the completion of the Offering, Mr. Gentile beneficially owns and controls an aggregate of 36,102,133 common shares, 150,000 stock options and 2,367,759 common share purchase warrants, representing approximately 15.97% of the Company’s issued and outstanding common shares on an undiluted basis and approximately 16.89% of the Company’s issued and outstanding common shares on a partially diluted basis, assuming conversion of Mr. Gentile’s stock options and warrants into common shares.

The Units were acquired by Mr. Gentile for investment purposes. Mr. Gentile may acquire additional securities of the Company, including on the open market or through private acquisitions, or sell securities of the Company, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

The participation by Mr. Gentile is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to Mr. Gentile nor the consideration for such securities will exceed 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Offering as the details and amounts of Mr. Gentile’s participation were not finalized until closer to closing and the Company wished to close the transaction as soon as practicable for sound business reasons.

A copy of Mr. Gentile’s early warning report will appear on the Company’s profile on SEDAR+. Both the Company and Mr. Gentile can be contacted at the Company’s head office at Suite 1050, 400 Burrard St, Vancouver, British Columbia, V6C 3A6.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. The Company’s two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (15.97%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

Neither the 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.

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the intended use of proceeds raised under the Offering.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the risk that the Company will not use the proceeds of the Offering as anticipated and the risk that the Company will not receive the regulatory approvals with respect to the Offering.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will use the proceeds of the Offering as currently anticipated and that the Company will obtain regulatory approval with respect to the Offering. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242960

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(TheNewswire)

Vancouver TheNewswire February 28, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (‘Element79 Gold’, the ‘Company’) a mining company focused on gold and silver, announces that it has recently leveraged its Crescita Equity Investment Facility (‘Crescita Capital’), details of the Facility Agreement can be found in out original announcement on February 12, 2022. The Company has recently drawn CA$185,000 from this new facility.

The Company has further issued an aggregate total of 10,062,500 shares to Crescita pursuant to the terms of the Facility Agreement (the ‘Agreement’) , as well as  a total of 13,002,465 Share purchase Warrants (the ‘Warrants’)  to Crescita per the terms of the Agreement, the Warrants are exercisable for a period of five years at an Price of $0.05 per share.

Proceeds from the above-mentioned draw from Crescita Capital will be used for operations including legal fees. accounting audits, annual project claim lease fees and the advancement of the social contract development in Peru to allow the Lucero work plan to unfold.

About Crescita Capital

Crescita Capital is an investment and consultancy group that provides alternative financing and corporate development services for seed to growth-stage companies in emerging markets around the world. www.Crescita.capital Between 2021 and 2023, the Company worked with Crescita, drawing  $7,104,500 to support its operations and develop its portfolio of mining assets.

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

Email: jt@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this News Release, which are not historical in nature, constitute ‘forward looking statements’ within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Nuvau Minerals Inc. (TSXV: NMC) (‘ Nuvau ‘ or the ‘ Company ‘) is pleased to announce that it has changed its financial year-end from September 30 to December 31 . The change in financial year-end has been made to align the financial year-end of the Company with that of its operating subsidiary following completion of the reverse takeover transaction with Nuvau Minerals Corp. on December 12, 2024 . With this change, the Company’s current financial year will end December 31, 2025 .

Further details regarding the change in year-end, including the Company’s interim reporting periods, will be available in the Company’s notice of change in year-end (the ‘ Notice of Change ‘) required under Section 4.8 of National Instrument 51-102 – Continuous Disclosure Obligations , which will be filed under the Company’s SEDAR+ profile at www.sedarplus.ca .

About Nuvau Minerals Inc.

Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

For more information go to our website www.nuvauminerals.com .

Neither the 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Disclaimer & Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the Notice of Change. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Nuvau Minerals Inc.

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Dual listed uranium miner Denison Mines (TSX:DML,NYSEAMERICAN:DNN) announced that the Canadian Nuclear Safety Commission (CNSC) has scheduled public hearings for the Wheeler River uranium project in Saskatchewan, marking a significant step toward final federal approval.

Denison Mines is a uranium mining, development and exploration company focused on the Athabasca Basin region of Northern Saskatchewan, Canada. The company holds an effective 95 percent interest in its flagship Wheeler River uranium project, the largest undeveloped uranium project in the Eastern Athabasca Basin.

The public hearing, set for later this year on October 8 and December 8 through 12, will be the final stage in the environmental assessment process and the decision regarding the company’s application for a Licence to Prepare and Construct a Uranium Mine and Mill.

If the CNSC grants approval shortly after the hearings, Denison expects to begin site preparation and construction for the Phoenix in-situ recovery (ISR) uranium project located within its Wheeler River land package in early 2026.

The project has already cleared several major regulatory hurdles, including the completion of the technical review phase of the federal environmental assessment process in November 2024.

Additionally, the CNSC determined that the company’s license application met sufficiency requirements that same month and accepted Denison’s final Environmental Impact Statement (EIS) in December.

“With the potential to commence construction in early 2026, we expect to be able to maintain our target of achieving first production from Phoenix by the first half of 2028,” said David Cates, president and CEO of Denison, in a February 27 statement.

In mid-2023, Denison completed a feasibility study for the Phoenix deposit as an ISR mining operation and updated a 2018 pre-feasibility study for the Gryphon deposit, which is being planned as a conventional underground mining operation.

According to these studies, both deposits have the potential to be among the lowest-cost uranium mining operations globally. Permitting for the Phoenix ISR operation began in 2019, with major milestones achieved in 2024, including the submission and acceptance of final federal licensing documents and the Environmental Impact Statement by both the CNSC and the Province of Saskatchewan.

Beyond Wheeler River, Denison holds interests in a variety of uranium operations and projects in the Athabasca Basin, including a 22.5 percent interest in the McClean Lake Joint Venture with partner Orano Canada. The pair plans to restart mining at the McClean Lake North deposit this year using the venture’s proprietary SABRE mining method. The partnership also owns the McLean Lake mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement.

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

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As consumers face skyrocketing egg prices, US Customs and Border Protection (CBP) reports an increase of people attempting to smuggle eggs across the border from Mexico.

The CBP’s San Diego Field Office reported Thursday seeing a 158% increase in egg interceptions since the fiscal year of 2024.

Egg prices have jumped to all-time highs due in part to an outbreak of avian flu, or bird flu, that has been afflicting egg-laying hens in the US since 2022. Across the past three years, about 166 million birds have been affected by the deadly avian flu, according to the US Agriculture Department.

“It is critical that we keep our traveling public informed to safeguard our agricultural industry while continuing to facilitate legitimate trade and travel,” Sidney Aki, CBP director of field operations in San Diego said in a statement Thursday.

Further east in Texas, El Paso area CBP not only reported busting 64 pounds of methamphetamine but “CBP agriculture specialists issued 16 civil penalties totaling almost $4,000 linked to the attempted smuggling of prohibited agriculture and food products including raw eggs,” the CBP said in a press release on February 21.

The director of field operations for the CBP’s Laredo, Texas, office posted a video on X this week warning people not to import eggs saying, “The Laredo Field Office along with CBP would like to remind the public that it is prohibited to import raw/fresh eggs, raw chicken, or live birds.”

Travelers are required to declare all agricultural products to CBP officers and agriculture specialists or face fines of up to $10,000.

Agriculture Secretary Brooke Rollins announced on Wednesday a plan to invest $1 billion in strategies to rein in soaring egg prices. Yet in an op-ed in the Wall Street Journal, Rollins acknowledged that it “won’t erase the problem overnight.” Rather, she said the egg market won’t stabilize for another “three to six months.”

The average cost of a dozen eggs in January was $4.95, almost double the price from a year prior and surpassing a record high, according to data from the Bureau of Labor Statistics.

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Fatima Tawfeeq, 63, has lived through numerous Israeli military operations in the occupied West Bank. She witnessed Israel’s takeover of the Palestinian territory in 1967 and lived through Israel’s crackdown during the first and second intifadas, the fierce Palestinian uprisings against Israeli control.

But this is the first time she’s had to flee her home in Nur Shams. She says Israeli forces expelled her from it earlier this month and converted it into a military barracks.

Tawfeeq and her family are among roughly 40,000 Palestinians who’ve been displaced from their homes since Israel launched an expanded military campaign in the West Bank in late January, almost immediately after the Gaza ceasefire began.

The Israeli military says it is targeting Palestinian militant groups who have mounted attacks on Israeli soldiers and civilians, but Palestinians and human rights groups say the expanded assault is increasingly indiscriminate – killing civilians and destroying civilian infrastructure in a manner that is consistent with collective punishment.

Israel’s Defense Minister Israel Katz has said the current military operation could last until the end of the year and that displaced civilians will not be allowed to return to their homes until the operation is complete.

“I have instructed the IDF to prepare for a prolonged stay in the camps that have been cleared for the coming year – and not to allow residents to return and terrorism to grow again,” Katz said on Sunday.

‘Where are we supposed to go?’

Tawfeeq, her husband and several of her grandchildren are living alongside other families, among piled up bedrolls and blankets that have been strung up to create family “rooms.” There is no central heating, and the inside of the concrete building they share feels even colder than outside.

Her 11-year-old grandson Mahmoud passes the time by jumping from a stage in the hall next to their makeshift quarters onto the bedrolls below.

But he misses home and recalled the moment Israeli forces ordered his family and their neighbors to leave their homes at around 2:30 a.m. earlier this month.

“The Israeli military came and started calling on the loudspeakers,” he said. “So everyone started to gather their belongings and started leaving.”

Mahmoud’s mother rushed him out of the house.

“I didn’t have time to pack anything,” he said. “I didn’t take anything with me. I left with the clothes I am wearing today.”

As Mahmoud recounts the events of that night, his 9-year-old sister Rou’ya begins to tear up. Amid the trauma of their displacement, their mother has had to leave them to take their younger brother to the hospital.

“I want mama,” Rou’ya says, crying.

Rou’ya explains that she was terrified of the military. She had never seen Israeli soldiers up close before and feared that the soldiers would take their home and give it to Israeli settlers.

Their grandmother, forced from her own home, worries what a year-long operation will mean for her and her family, becoming emotional as she thinks of being separated from her other grandchildren.

“Eventually, they will hold wedding parties and we will need to leave. Where are we supposed to go?” Tawfeeq asked. “An entire year is difficult.”

The prospect of prolonged displacement is also straining the resources of communities like Kafr al-Labad that have taken in some of those forced from their homes.

“We are trying to provide for these needs with the support of local families and benefactors, but frankly, this issue is a significant burden and challenge,” Amin Barghoush, a municipal representative of Kafr al-Labad, said.

He said support from the Palestinian Authority, which partially controls the West Bank, has been minimal and his community’s goodwill is being stretched amid the prospect of a prolonged crisis.

“Tulkarem Governorate has become one of the most affected areas. We might have one of the highest refugee populations in the country,” he said. “What we are witnessing is comprehensive destruction, an economic blockade and the devastation of infrastructure in the refugee camps.”

Widespread destruction

The road into the Nur Shams camp, established to house Palestinian refugees in 1952, is now unrecognizable. The pavement has been dug up by the Israeli military’s D-9 bulldozers – mounds of asphalt and dirt piled up on the sides of roads, often pouring into shops and homes. Sewage seeps into the muddy streets.

Inside the camp, the destruction is even more stark. Some residential buildings have been demolished; a hole is punched into the side of a mosque; chunks of broken concrete now bare the inside of someone’s home to the outside world.

In sections of the camp – and the same can be said of Jenin and Tulkarem camps – the destruction is reminiscent of what the Israeli military has wrought on the Gaza Strip.

Indeed, Israel’s military operations in the West Bank are increasingly resembling those in Gaza. Drone strikes and airstrikes are now regularly carried out here where they were once a rarity. And for the first time in more than two decades, the Israeli military this week deployed tanks to the West Bank.

In Jenin camp, the Israeli military has conducted dozens of controlled explosions, destroying buildings where it says its troops located explosives and other “terrorist infrastructure.” It is a claim Jenin’s mayor Mohammad Jarrar disputes, saying many were residential buildings where dozens of families lived.

Israeli forces have killed 66 people in the West Bank since the start of the latest operation on January 21, according to figures from the Palestinian Ministry of Health, and local officials say the majority of those killed have been civilians.

The Israeli military says it is targeting militants and said Friday that it has killed “70 terrorists” since the beginning of the operation.

The overall impact of the Israeli operation on civilians, though, is indisputable.

Inside the chilly wedding hall, Rou’ya longs for the toys she would arrange in her room before reading them stories. Mahmoud says he craves the privacy of his own bedroom. They both want to go home.

“Even if they demolish our house, we will rebuild it,” Mahmoud said. “The camp is better. We have our family and our friends.”

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A fish under a roof. A stick figure without a head. A series of lines that look like a garden rake.

These symbols are part of an entirely undeciphered script from a sophisticated ancient civilization thousands of years old. And they remain an enduring mystery that has sparked heated debates, death threats to researchers, and cash prizes for the coveted answer.

The latest such prize was offered last month by the chief minister of one Indian state: $1 million to anyone who can decode the script of the Indus Valley civilization, which stretched across what is now Pakistan and northern India.

“A really important question about the pre-history of South Asia could potentially be settled if we are able to completely decipher the script,” said Rajesh P. N. Rao, a computer science professor at the University of Washington who has worked on it for more than a decade.

If deciphered, the script could offer a glimpse into a Bronze Age civilization believed to rival ancient Egypt and Mesopotamia. Some believe this vast domain held millions of people, with cities that boasted advanced urban planning, standardized weights and measures, and extensive trade routes.

Perhaps more importantly, it might help answer fundamental questions about who the Indus Valley people and their descendants were – a politically fraught debate about the disputed roots of modern India and its indigenous inhabitants.

“Whichever group is trying to claim that civilization would get to claim that they were among the first to have urban planning, this amazing trade, and they were navigating seas to do global trade,” Rao said.

“It has a lot of cachet if you can claim that, ‘Those were our people who were doing that.’”

Why is it so hard to decipher?

Though the script has remained unsolved since its earliest samples were published in 1875, we do know a little about Indus Valley culture itself – thanks to archaeological excavations of major cities like Mohenjo-daro, located in what is now Pakistan’s Sindh province, about 510 kilometers (317 miles) northeast of Karachi.

These cities were designed along a grid system like New York City or Barcelona, and were equipped with drainage and water management systems – features which at that point were “unparalleled in history,” one paper said.

Throughout the second and third millennia BC, Indus merchants traded with people across the Persian Gulf and the Middle East, their ships bringing copper ingots, pearls, spices and ivory. They crafted gold and silver jewelry, and built faraway settlements and colonies.

Eventually around 1800 BC – still more than 1,000 years before the birth of ancient Rome – the civilization collapsed and people migrated to smaller villages. Some believe climate change was the driving factor, with evidence of long droughts, shifting temperatures, and unpredictable rainfall that could have damaged agriculture in those final few centuries.

But what we know about the Indus civilization is limited compared with the wealth of information available about its contemporaries, such as ancient Egypt, Mesopotamia, and the Maya. That is largely because of the undeciphered script, which was found on artifacts such as pottery and stone seals.

There are a few reasons it’s been so hard to decode. First, there aren’t that many artifacts to analyze – archaeologists have only found about 4,000 inscriptions, compared with an estimated 5 million words available in ancient Egyptian, which includes hieroglyphics and other variants.

Many of those Indus relics are very small, often stone seals measuring one square inch – meaning the script on them is short, most sequences containing only four or five symbols.

Crucially, there isn’t yet a bilingual artifact containing both the Indus Valley script and its translation into another language, as the Rosetta Stone does for ancient Egyptian and ancient Greek. And we don’t have clues such as names of recognized Indus rulers that could help crack the script – the way the names of Cleopatra and Ptolemy helped decipher ancient Egyptian.

There are some things that experts largely agree on. Most believe the script was written from right to left, and many speculate it was used for both religious and economic purposes, such as marking items for trade. There are even some interpretations of signs that multiple experts agree on – a headless stick figure representing a person, for instance.

However, until a Rosetta Stone equivalent is found, these remain unproven theories. “No unanimity has been reached even on the basic issues,” wrote Indus experts Jagat Pati Joshi and Asko Parpola in a 1987 book that catalogued hundreds of seals and inscriptions.

Even decades later, “not a single sign is deciphered yet,” said Nisha Yadav, a researcher at the Tata Institute of Fundamental Research in Mumbai, who worked with Rao on the project and has studied the script for nearly 20 years.

Controversial theories

For some people, solving the script isn’t just about intellectual curiosity or academic study – it’s a high-stakes existential question.

That’s because they believe it could settle the controversy of who exactly the Indus people were, and which way migration flowed, in or out of India.

There are two main groups vying to claim the Indus civilization. One group argues the script has links to Indo-European languages such as ancient Sanskrit, which spawned many languages now spoken across northern India.

Most scholars believe Aryan migrants from Central Asia brought Indo-European languages to India. But this group argues it was the other way around – that Sanskrit and its relatives originated in the Indus Valley civilization and spread out toward Europe, said Rao.

He described their claim as: “Everything was within India to begin with … Nothing came from outside.”

Then there’s a second group that believes the script is linked to the Dravidian language family now largely spoken across South India – suggesting Dravidian languages were there first, widely spoken across the region before being pushed out by the arrival of Aryans in the north.

M. K. Stalin, the southern Tamil Nadu state leader offering the $1 million prize, is among those who believe the Indus language was a Dravidian ancestor – which Rao described as the more “traditional” theory, though there are respected scholars on both sides.

Then there are some like Indus expert Iravatham Mahadevan, who argued there’s little point in the debate since the distinction between northern Aryans and southern Dravidians isn’t clear anyway.

“There are no Dravidian people or Aryan people – just like both Pakistanis and Indians are racially very similar,” he said in a 1998 interview.

“We are both the product of a very long period of intermarriage, there have been migrations … You cannot now racially segregate any element of the Indian population.”

Still, the question is fraught. In a 2011 TED Talk, Rao said he received hate mail after publishing some of his findings. Other researchers have described receiving death threats – including Steve Farmer, who along with his colleagues stunned the academic world in 2004 by arguing the Indus script doesn’t represent a language at all, but is merely a set of symbols like those we’d see on modern traffic signs.

How they’re trying to crack it

Despite these tensions, the script has long enamored researchers and amateur enthusiasts, with some dedicating their careers to the conundrum.

Some, like Parpola – one of the eminent experts in the field – have tried figuring out the meaning behind certain signs. For instance, he suggests, in many Dravidian languages the words for “fish” and “star” sound the same, and stars were often used to symbolize deities in other ancient scripts – so Indus symbols that look like fish might represent gods.

Other researchers, like Rao and Yadav, are more focused on finding patterns within the script. To do this, they train computer models to analyze a string of signs – then take away certain signs until the computer can accurately guess what the missing symbols are.

This is useful for several reasons: We can better understand patterns in how the script works – like how the letter “Q” is most often followed by “U” in English – and it can help researchers fill in the gaps for artifacts with damaged or missing signs.

Significantly, knowing these common patterns can help identify sequences that don’t follow the rules. Yadav pointed to seals found in West Asia, far from the Indus Valley; while they used the same Indus signs, they followed entirely different patterns, suggesting the script may have evolved to be used across different languages, similar to the Latin alphabet.

Then there are your average Joes, fans of the puzzle who want to try their hand at solving it. With the announcement of the $1 million prize – though no clear information about where people can apply for it – amateurs have flocked to experts to eagerly share their theories.

“I used to get about one or two emails a week. But now, after the prize was sent out, I pretty much get emails every day,” Rao said. They come from all sorts of people around the world, writing in different languages – with even families working on the puzzle together.

After so many years, Rao swings between optimism and resignation. Any further breakthrough would require international multi-disciplinary teamwork, massive funding, and even political negotiations to allow excavations in border areas disputed by India and Pakistan, he said.

But on good days, he’s still hopeful. So is Yadav, who has been fascinated by the Indus Valley civilization since learning about in the fourth grade. Even without the promise of a solution, the beauty of the task draws her back year after year.

“I look forward to working on the problem every day,” she said. “If we decipher the script, it will open a window into the lives and ideology of Indus people. We will get to know a lot of things about our ancestors … what they were thinking, what were they focused on?”

These details are “just hiding from us today,” she added. “That keeps me glued to the problem rather than anything else.”

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Western leaders scrambled to back Ukraine after Friday’s acrimonious meeting between Donald Trump and Volodymyr Zelensky deepened the already yawning fault lines between Washington and many of its key allies.

The remarkable Oval Office exchange highlights a tricky balancing act facing Western capitals since Trump’s return to office in January: maintaining steadfast support for Zelensky and Kyiv against Russian aggression, while not alienating a famously transactional president who appears increasingly sympathetic to President Valdimir Putin, tolerates little criticism and is upturning decades of transatlantic security alliances.

UK Prime Minister Keir Starmer, who met Trump in the White House on Thursday in one of the trickiest visits by a British leader to Washington in decades, spoke with both the US president and Zelensky following their shouting match, according to a Downing Street spokeswoman.

Starmer “retains his unwavering support for Ukraine and is playing his part to find a path forward to a lasting peace, based on sovereignty and security for Ukraine,” the spokeswoman said.

The UK is set to host a summit of European leaders on Sunday to discuss support for Kyiv. Zelensky is expected to attend what’s likely to be a much more welcoming setting for the Ukrainian leader, with Starmer having urged Trump against accepting any peace deal in Ukraine that would “reward” Russia or its allies.

Italian Prime Minister Giorgia Meloni, a key Trump ally in Europe, also called for a summit with the US and European nations to discuss the war in Ukraine, saying that division makes the West weaker.

Europe’s leaders and officials have been blindsided by a staggering collapse in American support for Ukraine in the past weeks, after almost three years of ironclad backing by the previous administration of Joe Biden. Many still cannot understand why US President Donald Trump has turned so furiously on Zelensky and conceded key concessions to Putin before even starting talks.

Zelensky has spoken to French President Emmanuel Macron and to European Council President António Costa following his scathing exchange with Trump at the White House, according to a Ukrainian source with knowledge of the situation.

“There is an aggressor, which is Russia, and an attacked people, which is Ukraine,” Macron later said in a statement.

“Nobody wants peace more than the Ukrainians do,” wrote German Chancellor Olaf Scholz on X. “Therefore we are working on a common path to a lasting and just peace. Ukraine can rely on Germany – and on Europe.”

Kaja Kallas, the European Union’s foreign policy chief, said in a statement that it’s “clear that the free world needs a new leader.” European Union leaders also issued a joint statement urging Zelensky to “be strong.”

Zelensky has also spoken to NATO Secretary General Mark Rutte, a source said.

“Ukraine, you’ll never walk alone,” Lithuanian President Gitanas Nausėda said, while Estonian Foreign Minister Margus Tsahkna cautioned that if “Ukraine stops fighting, there will be no Ukraine.”

There was swift vocal support too from key US allies outside Europe.

Canadian Prime Minister Justin Trudeau said his country would “continue to stand with Ukraine.”

“Russia illegally and unjustifiably invaded Ukraine. For three years now, Ukrainians have fought with courage and resilience. Their fight for democracy, freedom, and sovereignty is a fight that matters to us all,” Trudeau wrote on X.

Australia’s prime minister reiterated his country’s support for Kyiv, saying it will “continue to stand with Ukraine for as long as it takes.”

“We stand unequivocally with Ukraine in their struggle, because we regard that as a struggle for the upholding of international law,” Anthony Albanese said.

Ukraine, you’ll never walk alone’

A notable exception to the wave of European solidarity was Hungarian Prime Minister Viktor Orban, a far-right populist and Trump ally, who took to X to stand with the US president.

“Strong men make peace, weak men make war,” Orban wrote. “Today President (Trump) stood bravely for peace. Even if it was difficult for many to digest. Thank you, Mr. President!”

The tense exchange with Trump boosted Zelensky’s backing among many at home, with Ukraine’s lawmakers rallying behind Kyiv’s leader.

Merezhko said there’s “absolutely no doubt” that the Ukrainian parliament will back Zelensky.

“We are united behind our president but at the same time, we hope that wisdom and common sense will prevail.”

Ukraine’s military, who have spent more than three years holding back a far larger Russian force with the help of US and European aid, also maintained a message of defiance, at least on public channels.

“Trump understands the aggressive manner of negotiations and is trying to crush Zelensky,” said Stanislav Buniatov, another Ukrainian military officer, in a Telegram post. “There would have been no heated talks if Trump had offered at least a ceasefire on the contact line with minimal amendments.”

One military officer, who goes by the callsign Aleks, said on Telegram he doesn’t “give a damn” about the kind of peace Trump offers.

“It’s better to fight to death than to freeze the war and then be drained again in three years,” he said.

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