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Clashes between government security forces and supporters of ousted former President Bashar al-Assad have killed at least 311 people in Syria since Thursday, according to a monitoring group that warns the actual death toll could be “much higher.”

Meanwhile, militants loyal to Assad have killed a further 147 people – 26 civilians and 121 security forces – SNHR’s director Fadel Abdul Ghani said.

“We expect the death toll to be much higher,” Ghani added.

The ongoing clashes are the worst outbreak of violence since Assad – a member of the minority Alawite sect – was toppled in December by Sunni Islamist militants who sought to reshape the country’s political and sectarian order.

Syria’s transitional president, Ahmad al-Sharaa, in a televised speech on Friday evening, vowed to pursue those responsible for killing the government’s security personnel. However, he also urged his security forces to “ensure no excessive or unjustified responses occur” following reports of the high number of civilian casualties.

The latest surge in violence highlights the challenges Syria’s new regime faces in appeasing disenfranchised groups, especially those that remain heavily armed.

Latakia and Tartous on the Mediterranean coast are areas where support among Syrian Alawites for Assad was strong. Alawites – some 10% of the population – were prominent in the Assad regime, and while many Alawites have surrendered their weapons since December, many others have not.

Assad, who fled to Russia in December, has not commented on the escalating clashes.

On Saturday, the International Committee of the Red Cross (ICRC) expressed extreme concern over reports of the high numbers of people being killed and injured in the two provinces.

It called for both sides to treat detainees “humanely and in a dignified manner,” and protect healthcare facilities and water and electricity infrastructure.

UN Secretary-General António Guterres on Friday said he “strongly condemns all violence in Syria and calls on the parties to protect civilians and cease hostilities.”

Guterres said he was “alarmed by the risk of escalating tensions among communities in Syria at a time when reconciliation and peaceful political transition should be the priority.”

Syria’s civil war began during the Arab Spring in 2011 as a peaceful uprising against Assad. The conflict killed more than 300,000 in the first decade of fighting, according to the United Nations, and has left the country deeply fractured.

This post appeared first on cnn.com

As US President Donald Trump ratcheted up economic pressure on China over the past week, Beijing sent back its own message: Its rise won’t be interrupted.

A major political meeting taking place in the capital was the ideal backdrop for Beijing to respond. The “two sessions” gathering of China’s rubber-stamp legislature and its top political advisory body is where the government reveals its plans and sets the tone for the year ahead.

The top item on its priority list? Boosting consumer demand to ensure China doesn’t need to rely on exports to power its vast but slowing economy. And the next: driving forward leader Xi Jinping’s bid to transform the country into a technological superpower, by ramping up investment and enlisting the private sector.

Beijing is making these moves as it prepares for what could be a protracted economic showdown with the United States. Trump doubled additional tariffs on all Chinese imports to 20% on Tuesday and has threatened more to come – as well as tighter controls on American investment in China.

“We can prevail over any difficulty in pursuing development,” China’s No. 2 official Li Qiang told thousands of delegates seated in Beijing’s Great Hall of the People at the opening meeting of the National People’s Congress Wednesday. The “giant ship of China’s economy” will “sail steadily toward the future,” he said.

A foreign ministry spokesperson was more direct when asked about trade frictions on Tuesday: “If the US insists on waging a tariff war, trade war, or any other kind of war, China will fight till the end,” he told reporters.

And while Beijing’s priorities – and rhetoric – may echo those of years past, this time they are coming from a country that is starting to regain its swagger after being battered by its own Covid restrictions, a property sector crisis and by a tech war with the US.

“Confidence” has been an unofficial buzzword of the weeklong event, which ends Tuesday. It was used nearly a dozen times during a press conference held by China’s economic tsars on Thursday, splashed across state media coverage and included in a pointed reminder – that “confidence builds strength”– during the closing lines of Li’s nationally broadcast speech.

That optimism might be more aspiration than reality. Many in China are looking to the future with uncertainty. They’re more willing to save than spend, while young people are struggling to find jobs and feeling unsure whether their lives will be better than those of their parents.

But unlike last year, the country is entering 2025 buoyed by the market-moving successes of Chinese firms and technology. And while Trump’s return has Beijing concerned about economic risks, it’s also eyeing opportunity for its own rise.

Confidence boost

This mood isn’t just percolating in the halls of power.

On the streets of the capital, gleaming homegrown electric vehicles weave through traffic, including those from carmaker BYD, which now goes toe-to-toe with Elon Musk’s Tesla for global sales – a reminder of China’s successful push to become a leader in green tech.

Then there’s the box office record-smashing animation “Ne Zha 2” and the breakout success of privately owned Chinese AI firm DeepSeek. Its large language model shocked Silicon Valley and upended Western assumptions about the costs associated with AI.

In Beijing this week, “you can ask DeepSeek” has been a playful and proud punchline in casual conversation.

“Last year, people may have been impacted by the US narrative that China is declining, that China has peaked,” said Wang Yiwei, director of the Institute of International Affairs at Renmin University in Beijing. “We still have many difficulties. We still have many problems, of course, but it’s not that we’ve reached peak China.”

“China is developing quickly now and that’s attracted international attention, especially from the United States,” but that may not be a bad thing, said a medical graduate student surnamed Xia. “Trump’s increase on tariffs is competition … (and) if there’s no competition maybe China’s independent development is not sustainable.”

High stakes rivalry

But even as Chinese officials seek to project confidence, international observers say the economic stimulus measures announced this week show Beijing is girding itself for major challenges to come.

Premier Li alluded to that in his opening address. “The external environment is becoming more complex and severe, which may have a greater impact on the country’s trade, science and technology and other fields,” he said.

China doesn’t want to deal with that volatility while also grappling with a weak economy at home. That’s one reason why it’s trying to boost consumption and spur growth, setting an ambitious expansion target of “around 5%” this year. Beijing is also aware that trade frictions mean the economy needs to rely less on exports.

“It is likely that Beijing has thought through the scenarios of Trade War 2.0, but whatever happens, it is clear that China’s growth will have to rely more on domestic demand,” said Bert Hofman, a professor at the East Asian Institute at the National University Singapore and former World Bank country director for China, in a note.

Still, some analysts say Beijing’s initiatives are short on details and much less aggressive than needed to rev up the economy and boost consumer confidence.

“It adds up to a sense by the leadership that they want to refocus on growth and development, but still a desire to do only as much as necessary in terms of stimulus to get there,” said Michael Hirson, a fellow at the Asia Society Policy Institute’s Center for China Analysis.

Xi may also be balancing this goal with another concern: a need to save some firepower to support the economy if China faces “a nasty four years dealing with Donald Trump,” he said.

Beijing also wants to direct resources toward the high-tech transformation of its economy and industries. That’s another key part of the government’s 2025 agenda – and a long-term objective of Xi, who unlike US presidents is not subject to term limits on his leadership.

Beijing is pushing for innovations in AI, robotics, 6G and quantum computing, announcing a state-backed fund to support tech innovation and even welcoming foreign enterprises – in a significant tone shift for Xi – to play a role.

China is still smarting from the first Trump administration’s campaign to keep its tech champion Huawei out of global mobile networks and from the Biden administration’s efforts to convince allies to join it in cutting Chinese access to advanced semiconductors.

Last month, Washington said it was considering expanding restrictions on US investment in sensitive technologies in China.

But Beijing this week has also touted its confidence in advancing no matter the barriers.

“Be it space science or chip making, unjustified external suppression has never stopped,” Chinese Foreign Minister Wang Yi told reporters Friday. “But where there is blockade, there is breakthrough; where there is suppression, there is innovation.”

“We are witnessing an ever-expanding horizon for China to become a science and technology powerhouse,” he said.

The Trump threat?

How much Trump’s policies will challenge China remains an open and urgent question for Beijing.

The US president has refrained so far from slapping Chinese imports with the blanket 60% or more tariffs that he had threatened on the campaign trail.

He’s been focused elsewhere, including on unleashing sweeping changes to US global leadership by decimating US foreign assistance, threatening to take control of other countries’ sovereign territory, and upending US alliances in Europe, while pulling closer to Russia at the expense of Ukraine.

There are potential risks for Beijing in that shake-up. For example, if a Washington-Moscow rapprochement pulls Xi away from Russian President Vladimir Putin, his closest ally, or if an American dial-down of security in Europe allows it to ramp up attention on Asia.

But Chinese diplomats have also been taking advantage of the changes to play up their country as a responsible and stable global leader, despite criticisms of Beijing’s own aggressive behavior in Asia.

When it comes to tariffs, observers say Beijing is trying to moderate its response, holding out for a potential meeting between Xi and Trump or perhaps even a deal that could avert an escalating trade war.

While China immediately retaliated against two sets of US tariffs this year, including with levies on US energy and key agricultural goods, it has remained measured in its reprisals.

The country’s deficit with the US means it will have less room to hit back if a trade war escalates, but Beijing is expected to be calculating other measures like export controls that it could use for leverage.

And the view from some parts is that even if tariffs cause the Chinese economy short-term pain, it will be the US which loses in the long run. China is still an indispensable part of global supply chains. It’s also better prepared to weather this trade war than the last one, because it’s sending goods to more markets globally now, data show.

“If you play (imposing tariffs) with a peer competitor, it actually would not work that well compared to if you’re doing this with small countries or medium powers,” said Zhou in Beijing, who is also the author of the forthcoming book “Should the World Fear China?”.

China, he said, wants cooperation not friction.

“But since the US is still the stronger side in this relationship, (it will) decide which kind of relationship this is … so China has to say ‘OK – if this has to be to be one of competition, then we must dare to fight,’” he said.

This post appeared first on cnn.com

A vital, US-run monitoring system focused on spotting food crises before they turn into famines has gone dark after the Trump administration slashed foreign aid.

The Famine Early Warning Systems Network (FEWS NET) monitors drought, crop production, food prices and other indicators in order to forecast food insecurity in more than 30 countries.

Funded by USAID and managed by contractor Chemonics International, the project employs researchers in the United States and across the globe to provide eight-month projections of where food crises will emerge.

Now, its work to prevent hunger in Sudan, South Sudan, Somalia, Yemen, Ethiopia, Afghanistan and many other nations has been stopped amid the Trump administration’s effort to dismantle the US Agency for International Development (USAID).

“These are the most acutely food insecure countries around the globe,” said Tanya Boudreau, the former manager of the project.

Amid the aid freeze, FEWS NET has no funding to pay staff in Washington or those working on the ground. The website is down. And its treasure trove of data that underpinned global analysis on food security – used by researchers around the world – has been pulled offline.

FEWS NET is considered the gold-standard in the sector, and it publishes more frequent updates than other global monitoring efforts. Those frequent reports and projections are key, experts say, because food crises evolve over time, meaning early interventions save lives and save money.

US Secretary of State Macro Rubio, now the acting administrator of USAID, has repeatedly said he has issued a blanket waiver for lifesaving programs, including food and medical aid.

“But very soon, if the food assistance does continue to flow, but FEWS NET is not there, then there isn’t any good mechanism, at least no internal mechanism within the US, to help determine where that assistance is most needed.”

“It serves the US government, but it also serves the rest of the humanitarian community too. So, its absence will be felt pretty much right away,” said Maxwell, a professor of food security at Tufts University and a member of the Famine Review Committee for the Integrated Food Security Phase Classification (IPC) system.

The IPC, another mechanism to monitor food insecurity, is a global coalition backed by UN agencies, NGOs and multiple governments, including the United States.

While the two systems’ functions have become more overlapping in recent years to some degree, a key difference is that the IPC analysis for specific countries is conducted on a volunteer basis, while FEWS NET has full-time staff to focus on early warning of future crises.

Maxwell said that while there are other famine monitoring mechanisms, FEWS NET was the system that “most regularly updates its assessments and its forecasts.”

‘Decades’ of data taken offline

FEWS NET was created following the 1984 famine in Ethiopia, which killed an estimated 400,000 to 1 million people – and caught the world off guard. President Ronald Reagan then challenged the US government to create a system to provide early warning and inform international relief efforts in an evidence-based way.

The system going dark means that “even other governments that were using our [US] data to try to provide food relief to their own people can’t even access this,” said Evan Thomas, a professor of environmental engineering at the University of Colorado Boulder.

“This is, at this point, quite petty – we’re not even spending money to host a website that has data on it, and now we’ve taken that down so that other people around the world can’t use information that can save lives,” Thomas said.

The team at the University of Colorado Boulder has built a model to forecast water demand in Kenya, which feeds some data into the FEWS NET project but also relies on FEWS NET data provided by other research teams.

The data is layered and complex. And scientists say pulling the data hosted by the US disrupts other research and famine-prevention work conducted by universities and governments across the globe.

“Imagine that that data is available to regions like Africa and has been utilized for years and years – decades – to help inform divisions that mitigate catastrophic impacts from weather and climate events, and you’re taking that away from the region,” Muthike said. He cautioned that it would take many years to build another monitoring service that could reach the same level.

“That basically means that we might be back to the era where people used to die because of famine, or because of serious floods,” Muthike added.

This post appeared first on cnn.com

Ukraine’s presence in Russia’s Kursk region has deteriorated sharply, with the advance threatening Kyiv’s sole territorial bargaining counter at a crucial time in the war.

Military bloggers from both sides say Ukraine is on the back foot – reports say Russian forces used a gas pipeline to launch a surprise raid in one area. Russia’s defense ministry on Saturday said its forces had captured three more settlements.

Ukraine launched its shock incursion into Kursk in August, swiftly capturing territory in what was the first ground invasion of Russia by a foreign power since World War II.

As well as capturing land that could potentially be swapped for Russian-occupied territory, the campaign aimed to divert Moscow’s resources from the frontline east.

But since then, Ukraine has struggled to hold onto its territory in Kursk and faces a fundamentally transformed diplomatic picture, with US President Donald Trump piling pressure on Kyiv to agree peace by halting military aid and intelligence sharing.

Ukrainian and Russian military bloggers warn Kyiv’s hold on the region is more tenuous than ever, with Russian troops backed by North Korean forces launching incessant attacks.

The latest reports suggest Russia is targeting Sudzha, a town on the border, in an attempt to cut off a key logistical supply route to Ukraine’s forces.

Yuriy Butusov, a Ukrainian military blogger, said Russian forces had on Saturday entered Sudzha through a gas pipeline.

“The Russians used a gas pipeline to deploy an assault company undetected by drones and wedged themselves into our combat formations,” Butusov wrote. He added that the pipeline was now under reinforced surveillance and that Moscow’s troops there were being “eliminated.”

However, Butusov warned that Russian and North Korean troops in Kursk region are at a “significant advantage in strength” and are “attacking continuously.”

Some 12,000 North Korean troops have been deployed to Kursk, and their arrival has bolstered Russia’s offensive operations inside its own borders. Should Russia retake all of Kursk it could potentially pour its manpower into eastern Ukraine.

An unofficial Russian military blogger gave a similar account in the town of Sudzha, claiming that around 100 Russian soldiers had infiltrated the settlement after sneaking in via the pipeline – a move which he said was made possible after Kyiv shut off Russian gas supplies to the European Union via Ukraine on January 1.

Russian forces are attacking Sudzha from several directions, according to Yuriy Kotenok, a Russian military blogger.

“Any movements of the enemy in this area are detected by our drones and the enemy’s personnel and equipment are being struck,” he wrote on Telegram.

Kotenok also claimed that there is “information” that Ukraine is going to withdraw from the Kursk region, “based on the current situation.”

Sternenko, a Ukrainian blogger, said the logistics situation was “already critical.”

Another difficulty was the “poor conditions of the roads,” Sternenko said. With spring bringing warmer temperatures, the ground will thaw, making roads muddier and even harder to traverse, he said. “All these circumstances are very favorable to the Russians,” he added.

Kyiv’s fear is that Russia’s gains could cut off supplies to Ukrainian troops in Kursk. In a major report last month, the Institute for the Study of War, a US-based conflict monitor, estimated that Ukraine has at most 30,000 troops stationed in the region.

The Kursk incursion was embarrassing for Moscow and raised questions over its ability to protect its own borders. Russian President Vladimir Putin has since repeatedly pledged his forces would regain full control of the region.

Kyiv has since lost about half of the territory it once occupied in Kursk.

In the face of Russia’s gains, some Ukrainian bloggers have suggested that the Kursk incursion may have exhausted its strategic value.

“I didn’t think I would ever say this. But maybe it’s time to ‘close the shop’ from the Kursk direction. It’s hard for our guys there,” said Serhii Flesh. “As a diversion of enemy resources, I think this operation has long since justified itself. As a political bargaining card, it is now questionable.”

This post appeared first on cnn.com

One thing to understand about sentiment measures is that they are contrarian. If investors are too bullish or too bearish, everyone has jumped on the bandwagon and now it is time for the wheels to fall off. Right now we are seeing extraordinarily bearish sentiment coming out of the American Association of Individual Investors (AAII).

We have well over 50% of participants bearish on the market. As you can see that is a comparatively high reading, something we don’t see very often. This has brought the Bull/Bear Ratio down to 0.34! That is extremely low!

What does this mean? It means we may be arriving at an inflection point. You can see from past readings how the market does tend to turn back up when sentiment gets too bearish. Could this be what is setting up after the big declines that we’ve seen on the major indexes?

We do think that we’ll see some upside next week after Friday’s comeback rally and the fact that price is now sitting on important support and reversing. However, we don’t think that this pullback, almost correction, is over. There is still too much confusion and uncertainty over tariff talks and geopolitical concerns. The market hates uncertainty.

Conclusion: We have bearish extremes being hit on the AAII sentiment chart that does imply that we could see an upcoming rally. However, we don’t believe it will amount to much given the overall geopolitical environment. The market is still highly overvalued and that is a problem too.


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Bear Market Rules


2025 is off to a rough start for stocks, but there are still some pockets of strength in the market. Year-to-date, SPY is down 1.73%, QQQ is down around 4% and the S&P SmallCap 600 SPDR (IJR) is down over 6%. ETFs with smaller losses show relative strength (less weakness), but ETFs with year-to-date gains show relative, and more importantly, absolute strength. This is where we should focus.

The table below shows some of the best performing equity ETFs. Three themes are clear. First, commodity-related stocks are performing well with gains in Gold Miners (GDX), Copper Miners (COPX), Materials (XLB) and Energy (XLE). Second, defensive groups are performing well with gains in Healthcare (XLV), Consumer Staples (XLP), Telecom (IYZ) and Insurance (KIE). Third, two groups within the healthcare sector are also performing well: Medical Devices (IHI) and Biotech (IBB).

Get the last ETF ChartList you will ever need – free with a trial subscription to TrendInvestorPro. Organized in a logical top-down manner, our highly curated ChartList has 59 equity ETFs, 7 commodity ETFs and 4 bond ETFs. This core list is designed for all market conditions and forms the basis for a momentum rotation strategy that I will unveil in the coming weeks. Get your ChartList today. Click here to take a trial to TrendInvestorPro.

Among the 2025 leaders, the Biotech ETF (IBB) caught my attention because it is in a long-term uptrend and recently broke out of a falling wedge. The chart below shows weekly candlesticks with resistance breaks (higher highs) in December 2023 and July 2024. We also see higher lows in April 2024 and December 2024 (gray arrows). IBB also tagged a 52-week high in September 2024. Price action may be choppy, but there is an uptrend in play with higher highs, higher lows and a 52-week high.

After tagging a new high, IBB plunged in November on news of the RFK Jr. appointment (long black candlestick). A falling wedge ultimately formed and I view this as a correction after the April-September advance. Why? Because the bigger trend is up and IBB held well above the April low. The wedge breakout signaled an end to this correction and a resumption of the bigger uptrend. Short-term, there are two levels to watch as the ETF consolidated around the breakout zone in the 137.5 area. A close below 132 (blue line) would negate the breakout and call for a re-evaluation. A breakout at 141 (pink line) would solidify the breakout and keep the uptrend alive.

Click here to take a trial, get your ETF chart list and gain full access to our strategy reports, signal page, ranking tables.

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Things heated up this week on , featuring interviews with Kristina Hooper of Invesco, Keith Fitz-Gerald of The Fitz-Gerald Group, and Jordan Kimmel of Magnet Investing Insights!


Now that 5850 has been clearly violated to the downside, though, it’s all about the 200-day moving average, which both the S&P 500 and Nasdaq 100 tested this week. Friday’s rally kept the SPX just above its 200-day moving average, which means next week we’ll be looking for a potential break below this important trend-following mechanism.

Fibonacci Retracements Suggests Downside to 5500

But what if we apply a Fibonacci framework to the last big upswing during the previous bull phase? Using the August 2024 low and December 2024 high, that results in a 38.2% retracement level at 5722, almost precisely at the 200-day moving average. So now we have a “confluence of support” right at this week’s price range.

If next week sees the S&P 500 push below the 5700 level, that would mean a violation of moving average and Fibonacci support, and suggest much further downside potential for the equity benchmarks.  Using that same Fibonacci framework, I’m looking at the 61.8% retracement level around 5500 as a reasonable downside target.  With the limited pullbacks over the last two years, most finding support no more than 10% below the previous high, a breakdown of this magnitude would feel like a true bear market rotation for many investors.

Supporting Evidence from Newer Dow Theory

So, despite rotating to more defensive positioning in anticipation of a breakdown, what other tools and techniques can we use to validate a new bear phase in the days and weeks to come? An updated version of Charles Dow’s foundational work, what I call “Newer Dow Theory”, could serve as a confirmation of a negative outcome for stocks.

Charles Dow used the Dow Industrials and Dow Railroads to define the trends for the two main pillars of the US economy, the producers of goods and the distributors of goods. For our modern service-oriented economy, I like to use the equal-weighted S&P 500 to represent the “old economy” stocks and the equal-weighted Nasdaq 100 to gauge the “new economy” names.

We can see a clear bearish non-confirmation last month, with the QQQE breaking to a new 52-week high while the RSP failed to do so. This often occurs toward the end of a bullish phase, and can represent an exhaustion point for buyers. Now we see both ETFs testing their swing lows from January. If both of these prices break to a new 2025 low in the weeks to come, that would generate a confirmed bearish signal from Newer Dow Theory, and imply that the bearish targets outlined above are most likely to be reached.

Many investors are treating this recent drawdown as yet another garden variety pullback within a bull market phase. And while we would be as happy as ever to declare a full recovery for the S&P 500, its failure to hold the 200-day moving average next week could be a nail in the coffin for the great bull market of 2024.

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.

In this exclusive StockCharts video, Julius analyzes sector rotation in US markets, assessing recent damage and potential downside risks. He examines the Equal Weight RSP vs. Cap-Weighted SPX ratio and the stocks vs. bonds relationship to identify key market trends. Don’t miss this deep dive into market rotation and what it means for the next move!

This video was originally published on March 7, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce the proposed appointment of Bill Fisher and Rajesh Sharma to the Board of Directors of its upcoming spin-out company, Gold Orogen. The spin-out is scheduled for March 2025, with a shareholder meeting set for March 10, 2025, to approve the tax-efficient plan of arrangement.

The proposed appointments of Bill, Rajesh and the other Directors will be subject to shareholder approval at the Company’s Annual General Meeting (AGM) on March 10, 2025. Their appointments will be finalized following the AGM.

The proposed Gold Orogen Board will include:

  • Hashim Ahmed
  • Wendy T. Chan
  • Chad Tappendorf
  • Ron Tomlinson
  • Jonathan Hill
  • Bill Fisher (newly proposed to be appointed)
  • Rajesh Sharma (newly proposed to be appointed)

Bill Fisher, BSc, P.Geo
Director (Proposed)

Bill has a successful track record, marked by notable exits. In the late 1990s, Bill served as Vice President of Exploration for Boliden AB, a major European mining and smelting company, where he managed 35 projects across nine countries. His career highlights include serving as Chairman of Aurelian Resources, which discovered the Fruta del Norte gold deposit in Ecuador, leading to the company’s acquisition by Kinross Gold for $1.2 billion in 2008. Fisher also transformed GlobeStar Mining Corp. from an exploration company to an emerging mining company, developing the Cerro de Maimon copper/gold mine in the Dominican Republic, which was completed on time and under budget. This project was later sold to Perilya for $186 million.

With over 40 years in the mining industry, he is renowned for his expertise in exploration, development, and strategic leadership. His career began in Africa, where he spent a decade working on diamond exploration and mining projects, including significant discoveries of kimberlites in the Congo and contributions to exploration efforts in West Africa.

Currently, Bill serves as Chairman of GoldQuest Mining Corp., overseeing the development of a 3-million-ounce gold discovery in the Dominican Republic. He also holds directorships in several mining companies, including Inventus Mining and Churchill Resources, and previously served as Chairman of Treasury Metals, developing the Goliath Gold Project in Northwest Ontario.

Rajesh Sharma, ICD.D
Director (Proposed)

Rajesh brings extensive global leadership experience across the mining, exploration, metals, and international trade sectors. His career highlights include leading large-scale mining start-ups and exploration companies, as well as successfully completing several investment and acquisition deals. Within the Tata Group, Rajesh held multiple leadership roles, serving as CEO and Board member of various exploration, mining, and investment subsidiaries of Tata Steel in Canada and Africa. Additionally, he served as Executive in Residence at Investissement Québec. Rajesh holds degrees in management and engineering from IIT Roorkee and completed a scholarship program on Globalization and Leadership at the London School of Economics.

Biographies of the other existing Directors from Lode Gold joining the Board of Directors include:

Wendy T. Chan BSc, MBA, ICD.D
CEO

Wendy formerly held positions with Skeena, Roxgold and Novo Resources. She brings over 20 years of experience in developing and executing strategic plans for both Fortune 500 and entrepreneurial companies with global outreach.

Throughout her career, Wendy has demonstrated proficiency in managing businesses with full P&L responsibilities, consistently driving profitability. Her operational experience includes leading cross-functional teams and spearheading negotiations for multi-million-dollar projects. Wendy’s global perspective is evident in her work on key development initiatives involving JVs, strategic alliances and mergers and acquisitions across diverse regions, including Asia, Australia, Africa and the Americas.

Hashim Ahmed, CPA
Interim Chairman Director

Hashim is a seasoned financial executive with over 20 years of experience in finance, accounting, tax and governance. He currently serves as Executive VP and CFO of Mandalay Resources.

Prior to joining Mandalay, Hashim held key positions in the mining industry, including Interim CEO of Nova Royalty and CFO of Jaguar Mining. His career also includes a significant tenure at Barrick Gold, where he spent seven years in progressively senior finance positions, both in Canada and with site finance teams in Chile. Hashim’s expertise extends beyond the corporate realm, as he is a member of the Audit Committee of the Government of ‎Ontario, showcasing his broad financial acumen and commitment to public service.‎

Chad Tappendorf, CFA, MBA
Director

Chad is a Partner at Coast Capital, a New York-based investment firm with focused interests in the mining sector. His extensive experience spans globally in both private and public equity investments, demonstrating a broad understanding of diverse industries and market dynamics.

Throughout his career, Chad has held board memberships across various sectors, including resources, logistics, real estate, and consumer goods. His expertise extends to managing multi-billion dollar private equity portfolios, showcasing his ability to handle large-scale investments and complex financial strategies. Chad’s skill set encompasses the entire investment process, from identifying new opportunities and conducting thorough due diligence to performing valuations, negotiating deals, and structuring transactions and tax arrangements.

Jonathan Hill, Fellow AUSIMM, BSc (Hon) Econ Geo
Technical Director

Jonathan is a highly accomplished mining industry veteran with over 35 years of experience in exploration, project development, and mining operations worldwide. As the Founder and Principal Advisor of Exploration Outcomes Ltd., he leverages his extensive expertise to provide strategic guidance in the sector.

Throughout Jonathan’s career, he has played a pivotal role in numerous world-class gold and copper discoveries across both greenfield and brownfield projects. His tenure at AngloGold Ashanti was particularly noteworthy, where he led multi-million-dollar greenfield exploration ventures in Brazil and Colombia. This experience has honed his skills in governance, exploration strategy, and management, making him a valuable asset in the mining industry.

Currently, Jonathan serves as a Director on the boards of several mining companies, including Spark Energy Minerals, Royal Road Minerals, Lavras Gold, and Avanti Gold. His previous role as VP of Exploration and later technical advisor for Jaguar Mining further underscores his comprehensive understanding of the industry.

Ron Tomlinson
Director

Ron is currently the CEO of Tomlinson Group. With over 35 years of experience in executive management, strategic acquisitions, real estate operations and investments, Ron has successfully expanded Tomlinson Group’s operations across Canada and the United States. A seasoned manager and successful entrepreneur, he has driven the growth of the company into a vertically integrated organization with a strong focus on innovation and operational success.

Under Ron’s leadership, Tomlinson Group has spearheaded numerous large-scale projects across diverse industries, including construction, environmental services, and infrastructure.

The Company is poised to leverage the diverse expertise of its well-rounded board to drive Gold Orogen’s growth and achievements in the upcoming year.

Shares for Debt Issuance

Lode Gold is settling $231,180 of debts on the balance sheet by issuing 963,251 shares at $0.24 per unit to professional services contractors, management, and advisors. The share-for-debt transaction is subject to the approval of the TSX Venture Exchange in accordance with Policy 4.3, Shares for Debt, of the TSX-V corporate finance manual.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States. In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930’s. Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont. The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in creating the towns, businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. An NI 43-101 MRE has been reported on March 5, 2025. A complete technical report will be filed 45 days later on SEDAR+.

Previously, in March 2023, the company completed an NI 43 101 Preliminary Economic Assessment(‘ PEA’) for the Fremont Gold project. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized. All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604) -977-GOLD (4653)

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

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.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking 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 the Company’s expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243741

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

As miners, delegates and industry insiders dispersed after the Prospectors & Developers Association of Canada convention (PDAC), news circulated on X, formerly Twitter, that two 10 ounce bars of silver were missing.

The bars were owned by Arlen Hansen, founder of Kin Communications and host of the Kinvestor Report. In a post on X, Hansen explained that he purchased the bars from First Majestic Silver (TSX:FR,NYSE:AG) during the event.

The silver, with a total estimated value of US$647, was checked inside Hansen’s bag as he boarded his Vancouver-bound Air Canada (TSX:AC,OTCQX:ACDF) flight following the conference. From there, the white metal was destined for a silent auction in support of Canadian children living with diabetes.

However, according to Hansen’s post, the silver never arrived at its final destination.

“I don’t need a refund, a free upgrade, or more points, this was stolen from the children who need it, not me,” Hansen wrote on X, adding, ‘A pretty simple solution @AirCanada.’

The silent auction the silver was to be used for is part of the larger Pump Couture fashion show, an event that aims to reduce the stigma around diabetes, while raising awareness about the 3.8 million Canadians living with chronic disease.

Shortly after Hansen’s post was published, the mining community began showing its support.

‘Sorry to hear this, Arlen…but hopefully our donations will lead to an even greater result,’ wrote Brien Lundin, editor of Gold Newsletter and host of the New Orleans Investment Conference.

Silver producer and seller First Majestic and its mint division First Mint have offered to replace the lost silver, while others have donated to Diabetes Canada and provided encouragement to Hansen.

‘There has been a wonderful outreach from the mining community, not only sharing their condolences, but helping step up with financial support, taxable donations — and very fortunately, the silver was replaced by First Majestic Silver and then further matched by First Mint LLC. I didn’t ask them, they volunteered, and that to me is an example of how the good people in the mining community have stepped up,’ he said.

Hansen has filed a report with the Ontario Provincial Police (OPP) regarding the lost silver bars.

Systemic issues

During the ordeal, Hansen has been informed that many travellers have had similar issues with Air Canada.

‘There were over 200 responses of support, and many were not shocked and shared stories of how they have had personal items removed from their bags after checking in their luggage with Air Canada and other airlines,’ he said.

‘The silver was stolen from my bag, and someone should be held accountable for this, because if this is happening to me, it’s happening still and I believe the airlines should be investigating this seriously.’

This latest incident marks the third time since 2022 that Air Canada has been at the center of missing precious metals reports. Most notable is the April 2023 gold heist that saw 400 kilograms of gold stolen from an Air Canada cargo terminal at Toronto Pearson International Airport. The sophisticated heist was conducted by at least nine individuals and saw US$20 million worth of stolen gold melted and transported around the world.

In mid-2024, Peel Region Police announced the arrest of nine people in conjunction with the elaborate theft; however, only six pure gold bracelets with an estimated value of C$90,000 have been recovered.

In late 2023, Brink’s (NYSE:BCO) sued Pearson International Airport and Air Canada over the theft, alleging negligence in securing the cargo. Air Canada countered, arguing that Brink’s failed to insure the shipment or disclose its true value.

Although the C$20 million heist is considered the largest in Canadian history, it wasn’t the first time Air Canada was accused of losing precious metals. Months before the 2023 gold heist at Pearson International Airport, another gold bar disappeared while transiting through Toronto, according to a lawsuit.

On December 22, 2022, a Swiss precious metals refinery shipped 65 doré bars worth US$15.7 million from Lima, Peru, through Toronto to Zurich, Switzerland. However, somewhere along the way one gold bar disappeared.

According to the court filing, Brink’s paid an additional fee for the added security of the bullion, a designation that was to ensure the shipment did not “comingle” with other cargo. The doré bar worth over US$270,000 was never recovered. It is also not clear if that earlier incident is related to the later C$20 million heist.

Air Canada has said it will ‘vigorously’ defend itself in court, but questions about the security of precious metals shipments using the airline remain.

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

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