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In January 1988, one of Taiwan’s most senior nuclear engineers defected to the United States after passing crucial intelligence on a top-secret program that would alter the course of Taiwan’s history.

Colonel Chang Hsien-yi was a leading figure in Taiwan’s nuclear weapons project, a closely guarded secret between the 1960s and ‘80s, as Taipei raced to develop its first nuclear bomb to keep pace with China.

He was also a CIA informant.

Chang exposed Taiwan’s secret nuclear program to the United States, its closest ally, passing intelligence that ultimately led the US to pressure Taiwan into shutting down the program – which proliferation experts say was near completion.

“I decided to provide information to the CIA because I think it was good for the people of Taiwan,” said the 81-year-old. “Yes, there was political struggle between China and Taiwan, but developing any kind of deadly weapon was nonsense to me.”

Chang’s story bears similarities with that of Mordechai Vanunu, the Israeli whistleblower who famously exposed his country’s clandestine nuclear program to the world. But while Vanunu went public with his country’s progress, Chang’s whistle-blowing was done in secret and without any fanfare.

Taiwan’s nuclear ambitions

In 1964, just 15 years after the Chinese civil war ended with communist victory, leaving Chiang Kai-shek’s nationalists controlling only Taiwan, Beijing successfully tested a nuclear weapon – deeply unsettling the government in Taipei which feared it could one day be used against the island.

Two years later, Chiang launched a clandestine project to lay the technical groundwork for nuclear weapons development over the next seven years. The Chungshan Science Research Institute ran the project under the Defense Ministry, and it was there that Chang began working as an army captain a year later.

He was picked for advanced nuclear training, which would involve stints in the US. After studying physics and nuclear science in Taiwan, he attended Oak Ridge National Laboratory in Tennessee.

Despite Taipei’s official statements that its nuclear research was only for peaceful purposes, Chang said students sent to the US were all aware of their true mission: learning skills for weapons development.

“We know precisely – even though it’s not in the written statement – we know what we are going to do, what kind of area we should concentrate on,” Chang said.

“We were kind of excited and trying to get the job done,” he added. “All we did was focusing on the area they assigned us, we put all our efforts to do it, to learn as much as possible.”

While he was at Oak Ridge, Chang recalled, the CIA already had an interest in him.

“In 1969 or 1970, I remembered receiving a phone call,” he said. The caller said he was “with a company and they are interested in the nuclear power business… they offered to take me out for lunch.”

“At that time, I said I had no interest because I had a mission-oriented assignment. But I was not aware he was from the CIA; I only knew that after quite a few years.”

American suspicions

In 1977, a year after attaining a PhD in nuclear engineering from the University of Tennessee at Knoxville, Chang returned to Taiwan. He was promoted to lieutenant colonel and spearheaded the development of computer codes for simulating nuclear explosions at the Institute of Nuclear Energy Research (INER), a national laboratory that covertly advanced weapons development under civilian pretenses.

Taiwanese leaders faced a delicate balancing act: the United States strongly opposed new nuclear weapons programs anywhere in the world, and Taipei could not afford to alienate its most crucial ally. The US has long relied on nuclear deterrence as part of its broader strategy to counter China’s stockpiling of nuclear warheads. But, under a policy of nonproliferation, it opposes any country newly developing nuclear weapons.

Back then, Taiwan was not the wealthy and vibrant democracy it is today. It was a developing economy under the autocratic rule of the Chinese Nationalist Party, or Kuomintang. That regime continued to hold a seat at the United Nations until 1971, and maintained formal diplomatic relations with the United States until 1979.

To minimize the risk of its nuclear ambitions being exposed, the island only sought to secretly establish the capability to produce nukes quickly at any time, but not build a stockpile.

“Taiwan’s cover stories were unbelievably good,” said David Albright, a nuclear proliferation expert and author of “Taiwan’s Former Nuclear Weapons Program: Nuclear Weapons On-Demand.”

“They always emphasized that the research was only for civil purposes… (US) officials didn’t know how to breach this cover story.”

But the risk of a cross-strait nuclear conflagration weighed on Chang. Chinese leader Deng Xiaoping, who assumed power in 1978, warned that if Taiwan acquired nuclear weapons, China would respond with force.

“I think they’re quite serious,” Chang added. “I believed in that.”

“I didn’t want to have any conflict in any way with mainland China,” he said. “Using any kind of deadly chemical or nuclear weapons… it’s nonsense to me. I believe we are all Chinese and that doesn’t make sense.”

So when CIA agents approached Chang again during a trip to the United States in 1980, he agreed to speak.

“They said, ‘We know you, and we’re interested in you,’ and we had a conversation,” Chang said, adding that the Americans put him through a “very thorough” lie-detector test to ensure he was not a double agent. He assisted the CIA with some ad hoc tasks before becoming an informant in 1984.

For the next four years a CIA case officer, identified only as “Mark,” met with Chang every few months at safehouses around Taipei, including a condo near Shilin Night Market – one of the island’s most famous street food destinations.

In those meetings, the CIA asked him to corroborate intelligence, share information about recent projects at INER, and take photos of sensitive documents.

“All those conversations were quite professional. He would take a pencil and notebook to write down my answers,” Chang said. “He kept saying that they will try their best to keep me and my family safe.”

The Chernobyl disaster in 1986, a catastrophic nuclear accident in Ukraine that exposed hundreds of thousands of people to harmful radiation, solidified Chang’s conviction that halting Taiwan’s nuclear weapons program was imperative.

That same year, Vanunu publicly exposed details of Israel’s clandestine nuclear program, handing what he new to the British media and causing an international sensation. He was later kidnapped by Mossad agents, returned to Israel and prosecuted, spending years in prison.

A new chapter of life

Chang’s life – and those of his wife and three children – took a dramatic turn in January 1988, when the CIA exfiltrated them to the US.

By then, President Ronald Reagan’s administration had amassed sufficient evidence and seized the opportunity created by the death of President Chiang Ching-kuo – Chiang Kai-shek’s son – to pressure his reformist successor Lee Teng-hui into cooperation.

Albright, the expert and author, said Chang was the most crucial informant in arming Washington to shut down the Taiwanese program.

“The United States had been in a cat-and-mouse game with Taiwan over its nuclear program for years,” he said. “Chang really made sure the US had heavy evidence that Taiwan couldn’t deny… and directly confront the Taiwanese.”

In the months after Chang’s departure, the US sent specialists to dismantle a plutonium separation plant – a facility designed to extract nuclear materials for weapons production. The team also oversaw the removal of heavy water, a substance used as a coolant in nuclear reactors, and irradiated fuel, nuclear fuel that can be reprocessed to extract materials for nuclear weapons.

Hero or traitor?

To date, Chang’s decision to work with the CIA has remained controversial in Taiwan, which in the intervening years has continued its massive industrial and economic expansion, becoming a full democracy in the 1990s.

But cross-strait hostilities persist. Taipei has come under growing military pressure from China, which now has the world’s largest military and is becoming more assertive in its territorial claims over Taiwan. The Chinese communist Party has vowed to take Taiwan by force if needed, despite having never controlled it.

Beijing dwarves Taiwan’s military, spending about 13 times more on defense. Some have argued that if Taiwan had successfully acquired nuclear weapons it could have served as an ultimate deterrent – paralleling Ukraine, where Russia might not have invaded if Kyiv had retained its Soviet era nuclear arsenal instead of giving it up.

Some Taiwanese have criticized Chang, saying he overstepped by deciding unilaterally that the island is better off without a nuclear deterrent.

“I believe he is a traitor,” said Alexander Huang, an associate professor in strategic studies at Tamkang University, because the weapons “would be seen as a useful tool in bargaining for a better diplomatic result” with Beijing.

But Su Tzu-yun, a director of Taiwan’s Institute for National Defense and Security Research, said the lack of a nuclear option has not overly affected Taiwan’s modern defense capabilities, because precision ammunition can be used to achieve similar objectives to those of tactical nuclear weapons.

“The Taiwanese government back then thought that if China landed in Taiwan, it could use tactical nuclear weapons to eliminate the landing troops,” he said. “But in their absence, we can also employ precision weapons like missiles to replace them.”

Taiwan buys these weapons from the US, which – despite shutting down the nuclear program – remains its key military partner, supplying ammunition, training, and defense systems.

Besides weaponry, the island has what some consider a more effective deterrent than nuclear bombs. In 1987 – just one year before the nuclear program was shut down – tech entrepreneur Morris Chang founded the Taiwan Semiconductor Manufacturing Company (TSMC), which now produces an estimated 90% of the world’s super-advanced semiconductor chips for tech companies, including Apple and Nvidia.

The island’s integral role in the global semiconductor supply chain, some observers say, would be enough to deter China from launching an invasion, forming what is dubbed its “Silicon Shield.”

Albright, who conducted extensive research into the Taiwanese program, also said its success would not have been beneficial to Taiwan.

“I think [it] would have raised the military risk of a Chinese attack,” he said, while Washington could have also responded by “reducing its security commitment or limiting military aid” once Taiwan’s capabilities were known.

As for Chang Hsien-yi, who became a Christian and enjoyed playing golf outside a part-time role at a nuclear safety consultancy firm, the decision he made four decades ago was correct.

“Maybe that’s good for the Taiwanese people. At least [we] didn’t provoke mainland China in a such way to start an aggressive war against Taiwan,” Chang said.

“I did it with my conscience clear, there is no betrayal – at least not to myself.”

This post appeared first on cnn.com

Ukrainian President Volodymyr Zelensky will meet European leaders at a vital summit in London on Sunday, after his extraordinary argument with US President Donald Trump in the Oval Office left Western allies reeling and threw the future of the Russia-Ukraine war into deep uncertainty.

King Charles has also accepted an invitation to meet Zelensky on Sunday, the Ukrainian leader said.

Zelensky landed in Britain on Saturday ahead of the talks, which the West hopes will revive momentum towards an acceptable peace deal that had appeared to be slowly building this week, only to come crashing down in a nasty few minutes on Friday.

UK Prime Minister Keir Starmer and Zelensky met at Downing Street on Saturday where the two men signed an agreement to accelerate $2.8 billion worth of loans to Ukraine. The first tranche of funding is expected to be disbursed next week, according to the UK government.

But the leaders at Sunday’s summit – which includes presidents and prime ministers from across Europe, convened by Starmer – will have a difficult challenge ahead of them.

“It’s crucial for us to have President Trump’s support,” Zelensky said in a series of posts on X on Saturday morning. “He wants to end the war, but no one wants peace more than we do.”

“We’ve been fighting for three years, and Ukrainian people need to know that America is on our side,” he said.

The spectacle of the American president and vice president berating the leader of a war-torn ally stunned Europe and would have delighted the Kremlin. It added intensity to Sunday’s summit, which had initially sought to build on the progress achieved during a similar meeting in Paris last weekend.

Trump and JD Vance accused Zelensky of being ungrateful for American military support, for “gambling with the lives of millions of people,” and risking “World War III” by fighting Russia’s invading army in his country.

The scenes were Europe’s worst nightmare. One day before the shouting match, a chummy Starmer managed to get Trump to walk back previous false remarks that Zelensky was a “dictator,” voice his “respect” for Ukraine’s leader and even raise the possibility that Ukraine would claw back occupied territory from Russia in a ceasefire deal. All of those comments were notable reversals from Trump, and seemed to set the table well for Zelensky’s trip.

Now Europe is starting from square one again.

“Three years on from Russia’s brutal invasion of Ukraine, we are at a turning point. Today I will reaffirm my unwavering support for Ukraine and double down on my commitment to provide capacity, training and aid to Ukraine, putting it in the strongest possible position,” Starmer said in a statement ahead of the London summit.

“In partnership with our allies, we must intensify our preparations for the European element of security guarantees, alongside continued discussions with the United States,” he said. “Now is the time for us to unite in order to guarantee the best outcome for Ukraine, protect European security, and secure our collective future.”

The summit will have three goals, Downing Street said: Ukraine’s short-term needs, securing a “lasting deal” to end the conflict, and “planning for strong security guarantees.”

As European leaders rushed to reaffirm their support for Zelensky on Friday evening, Starmer was noticeably silent. A few hours later, we learned why: Downing Street said he had spoken to Trump and Zelensky following their heated encounter. “He 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,” Starmer’s spokesperson said.

The role of interlocutor between the Europe and the White House is one Starmer is taking seriously, even – perhaps especially – when it seems futile. It is one he will hope can reap rewards this weekend, but an increasing sense of desperation is setting in.

Yaroslav Zhelezniak, a Ukrainian member of parliament, wrote on Telegram ahead of the meetings in London: “If you thought the situation would somehow miraculously improve today… don’t count on it.”

This post appeared first on cnn.com

Israel said Sunday it has stopped the entry of all humanitarian aid into Gaza following the expiry of phase one of the ceasefire deal and Hamas’ refusal of a US-backed extension.

The first phase of the ceasefire in Gaza, under which dozens of Israeli hostages and hundreds of Palestinian prisoners and detainees were freed since mid-January, reached its expiration date on Saturday.

Hamas has insisted on advancing to the second stage, accusing Israel of “ongoing manipulation” with its proposed extension to cover the Islamic holy month of Ramadan and the Jewish holiday of Passover. That extension had been proposed by US President Donald Trump’s Middle East envoy, Steve Witkoff.

Israel’s Prime Minister’s Office said Sunday: “With the completion of Phase A of the hostage deal, and in light of Hamas’ refusal to accept the Witkoff framework for continuing the talks — which Israel had agreed to — Prime Minister (Benjamin) Netanyahu has decided that as of this morning, all entry of goods and supplies into the Gaza Strip will be stopped.

“Israel will not allow a ceasefire without the release of our hostages. If Hamas continues its refusal, there will be additional consequences.”

Hamas leader Mahmoud Mardawi said in a statement Sunday that “the only path to regional stability and the return of the prisoners is the full implementation of the agreement, starting with the second phase.”

Hamas wants the second phase to include negotiations for a permanent ceasefire, a complete withdrawal of Israeli troops from Gaza, the enclave’s reconstruction, “and then the release of prisoners as part of an agreed-upon deal,” Mardawi said.

“This is what we insist on, and we will not back down from it,” he added.

The Israelis want phase one to continue – the exchange of hostages, alive and deceased, in return for the continued release of Palestinian prisoners and detainees, and the flow of higher volumes of aid into Gaza. There are thought to be 24 Israeli hostages still alive in Gaza.

This post appeared first on cnn.com

The Russell 2000 ETF triggered a bearish trend signal this week and continues to underperform S&P 500 SPDR, which remains with a bullish trend signal. Today’s report shows the Keltner Channel signals in each. SPY is currently correcting within an uptrend and pullbacks within uptrends are opportunities.

TrendInvestorPro tracks trends and pullback opportunities with our comprehensive reports and videos.

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In this exclusive StockCharts video, Julius analyzes seasonality for U.S. sectors and aligns it with current sector rotation. He explores how these trends impact the market (SPY) and shares insights on potential movements using RRG analysis. By combining seasonality with sector rotation, he provides a deeper look at market pressure and what to watch next.

This video was originally published on February 28, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

As part of our regular market review in the DP Alert, we have begun to notice a very good indicator to determine market weakness and strength. It may not be new to all of you, but we’ve found as of late that this indicator tells a story.

We have been tracking the relative strength of the SPY to equally-weighted RSP. When the relative strength line is rising, it means that mega-cap stocks are leading the market. When the relative strength line is falling, mega-cap stocks are taking a back seat.

The chart below shows you what happens when the mega-caps start to slide against RSP. The market itself usually travels lower (as does equal-weight RSP). It doesn’t happen every time, but it happens enough that we should be checking this chart regularly. If you are an Extra member or above with StockCharts.com, you can click on this chart and save it to your own ChartList for monitoring.

Currently, mega-caps are underperforming RSP, which has spelled trouble for the market. It did tip upward Friday, but ultimately the relative strength line is in a declining trend. We’ll want to watch for a move out of that.

Conclusion: Cap-weighting has made it important to monitor how the SPY is performing in relation to equal-weight RSP. A declining relative strength line is bad for the market as a whole, and that is what we are currently seeing.


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Before you trade any stock or ETF, you need to know the trend and condition of the market. The DP Alert gives you all you need to know with an executive summary of the market’s current trend and condition. It not covers more than the market! We look at Bitcoin, Yields, Bonds, Gold, the Dollar, Gold Miners and Crude Oil every day! Only $50/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!


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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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