Astral Resources (AAR:AU) has announced MXR: Extension of Takeover Offer Period
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Astral Resources (AAR:AU) has announced MXR: Extension of Takeover Offer Period
Download the PDF here.
Pope Francis thanked his supporters for their prayers on Thursday in a breathless audio message that nonetheless lifted spirits among his faithful as concerns grow for the 88-year-old pontiff’s health.
The Pope’s pre-recorded remarks, broadcast on loudspeakers at the Vatican’s St. Peter’s Square ahead of the nightly recitation of the rosary prayer, marked the first time supporters heard the pontiff’s voice since his hospitalization around three weeks ago.
“I thank you from the bottom of my heart for your prayers for my health from the Square, I accompany you from here. May God bless you and the Virgin protect you. Thank you,” Pope Francis said, speaking slowly in his native Spanish in a voice where he struggled to catch his breath.
The square erupted in applause upon hearing Francis’ words, heartened to hear his voice.
Although the Pope has issued written messages from the hospital and the Vatican has given twice-daily updates on his condition, he has not been seen on photo or video since February 14 when he was hospitalized after being plagued by a string of lung-related medical struggles, including bronchitis and double pneumonia.
This is the ailing pontiff’s fourth, and now longest, hospital stay since he became pope in 2013. Francis has lived with lung-related issues for much of his life. As a young man, he contracted severe pneumonia and had part of one lung removed.
Doctors said the Pope’s health prognosis remains “reserved” after he had several episodes of acute respiratory failure on Monday, although he has remained stable since, according to the Vatican.
He has not presented any further episodes of respiratory failure and does not have a fever, the Vatican added on Thursday.
The Pope is continuing with respiratory and motor physiotherapy, the Vatican said, adding that he had an active Thursday and engaged in several work activities throughout the day while receiving the Eucharist before lunch.
The Argentinian leader’s schedule has been cleared to accommodate his intensive medical treatment.
He did not lead the Ash Wednesday service, which marks the start of Lent, for only the second time in his 12-year papacy, according to the Vatican, and has not led the Angelus prayer for three Sundays in a row.
On Friday morning the Vatican said the Pope had spent a “peaceful night” and woke up shortly after 8 am.
South Korean President Yoon Suk Yeol, who lawmakers voted to impeach and was indicted on criminal charges for declaring martial law last December, was cleared to be released from detention on Friday.
In its ruling, the court said the crime of insurrection is not included within the investigative jurisdiction of the Corruption Investigation Office for High-Ranking Officials (CIO) – the agency that had requested the arrest warrant against Yoon.
The court also said it was questionable whether the insurrection charges indictment was filed after the defendant’s detention period had expired. It therefore canceled Yoon’s arrest warrant to “ensure procedural clarity and eliminate doubts regarding the legality of the investigation process,” it said.
Any further unresolved “legal controversies” during the criminal trial could “serve as grounds for annulment in a higher court and may also provide grounds for a retrial even after a significant amount of time has passed,” it added.
The court will now send its ruling to the detention center – which said it expects to release Yoon by the end of Friday after receiving the documents.
Yoon’s lawyers praised the ruling, saying in a statement that the court had “set the definition straight, declaring what laws and principles are,” and that its decision showed “the rule of law is alive in this country.”
The ruling adds to the uncertainty swirling around Yoon’s various legal battles and the country’s political future. South Korea’s government has been in disarray for months, with parliament also voting to impeach its prime minister and the previous acting president.
Yoon’s criminal charges are separate from his impeachment trial. The country’s highest court, the Constitutional Court, is expected to decide in the coming weeks whether to uphold his impeachment or reinstate Yoon to office.
Friday’s ruling means Yoon can now await the impeachment verdict from home instead of in detention.
His expected release will undoubtedly dismay the country’s opposition – but be celebrated by supporters, many of whom have regularly gathered outside his detention center since January.
Kwon Young-se, chairman of Yoon’s ruling People Power Party, welcomed the court’s decision on Friday, calling it “an important moment to confirm that the rule of law and justice of the Republic of Korea are alive.”
He added that he hoped the Constitutional Court “will make a fair and just ruling based solely on constitutional values” during the impeachment trial.
Eurostar trains to London and all trains heading to northern France were brought to a halt Friday following the discovery of an unexploded World War II era bomb on tracks leading to the nation’s busiest station.
Paris police said that at 4 a.m. Friday morning, a WW2 bomb was discovered by workers along railway tracks in Saint Denis.
Technicians from Paris’ demining team are currently at the site, according to the police, with an SNCF spokesperson describing the bomb as “really huge”.
“The bomb could be a serious threat to people’s lives,” the spokesperson said.
Traffic was “completely blocked” as of 9a.m. Friday morning, French Transport Minister Philippe Tabarot said, disrupting suburban, regional and international trains.
Tabarot warned services will be “strongly shook up” all day.
Gare du Nord is a major European transit hub, serving international destinations north of France as well as the main Paris airport and many regional commuters.
Tabarot said that he hoped a reduced service would be running on French lines by the afternoon.
“There’s no reason to fear,” the minister told Sud Radio, “It can happen that deminers have to clear a certain number of abandoned bags sometimes. But it’s quite rare for a WW2 bomb.”
The outer bands of Tropical Cyclone Alfred are lashing Australia’s east coast with wind and rain as the rare southerly storm’s eye inches closer to landfall expected on Saturday morning.
The storm system has been swirling ever so slowly west toward the Queensland capital of Brisbane, prompting cyclone warnings along a stretch of coast home to around 4 million people.
As of Friday evening, Alfred was around 105 kilometers (65 miles) east of Brisbane, moving west with damaging winds around 95 kilometers per hour (59 miles per hour), according to Australia’s Bureau of Meteorology (BOM).
The cyclone had initially been expected to hit on Thursday night, then Friday morning, and the extra delay raised anxiety levels among residents in an area where cyclones are rare.
They usually form further north over warmer seas, but this one followed an erratic path to become the most southerly cyclone to hit the region in more than 50 years.
The cyclone was already bringing heavy rainfall to coastal areas on Friday, along with damaging winds and storm surges.
Tropical Cyclone Alfred was forecast to cross islands in Moreton Bay Saturday morning local time before hitting the mainland in two states.
Queensland’s Gold Coast and other coastal areas were considered most vulnerable to storm surges, wind gusts and flash flooding, though warnings extended well inland.
In New South Wales, Australian Defence Force personnel, state emergency services and police were pre-positioned in the Northern Rivers – an area beset by flooding in recent years.
Some residents were still living in temporary housing after the last major flood submerged homes and businesses in 2022.
Authorities repeatedly acknowledged their trauma during press conferences as they sought to assure them that this time there would be no long wait for help.
“Our sincere hope is that the community gets through this without any loss of life, and that we can – when this is all over – focus on the rebuild,” said NSW Premier Chris Minns in the city of Lismore on Friday, where he was expected to ride out the cyclone.
The delay in Cyclone Alfred’s arrival gave authorities more time to issue warnings to residents, many of whom had never lived through a cyclone.
The last one to cross this far south was Tropical Cyclone Zoe in 1974.
The delay also gave sightseers time to explore Alfred’s effects on the coast – including surfers who earlier this week braved waves that by Friday were too dangerous to surf.
Stuart Nettle, the editor of Swellnet, a forecaster service that operates 100 cameras near the coast, said Alfred had produced waves that will be talked about for years.
“The fourth and fifth of March are going to live on in infamy in the memory of Gold Coast surfers,” he said. “Tropical Cyclone Alfred just sat there at the optimum distance and the optimum direction from the Gold Coast and delivered two days of exceptional waves. There’ll be surfers talking about it for a long time to come.”
Few dared to enter the water Friday as waves lashed the coast, prompting warnings from authorities of fines of $10,000 (16,000 Australian dollars) for risky behavior.
Police had stern words for one teenager caught surfing and four others were also reprimanded for putting themselves and others in danger.
“The waves are horrendous, the beaches are hazardous,” said acting Gold Coast City Council Mayor Donna Gates. “Please listen to us and stay away from the beaches. I keep repeating that because somehow, not everyone is listening.”
When King Charles gets up in the morning, what tunes does he select to start his day?
It’s a mix of genres across decades, according to a new Apple Music broadcast show and playlist the monarch has curated – from reggae legend Bob Marley to the more recently Grammy-nominated singer-songwriter RAYE.
“Throughout my life, music has meant a great deal to me. I know that is also the case for so many others,” the King says in the opening remarks of the broadcast, recorded at Buckingham Palace and scheduled to air March 10 to mark Commonwealth Day.
“It has that remarkable ability to bring happy memories flooding back from the deepest recesses of our memory, to comfort us in times of sadness, and to take us to distant places,” he says, according to a press release on Friday from Apple Music.
“But perhaps, above all, it can lift our spirits to such a degree, and all the more so when it brings us together in celebration. In other words, it brings us joy.”
His Apple playlist also includes other familiar names such as Kylie Minogue, Grace Jones and Davido.
Besides the music itself, the King also shares “anecdotes about his encounters with some of the artists featured and reveals why the songs help form the soundtrack to his life,” according to the press release.
In a video message released on Apple’s website, Charles explained his love of music spliced with footage from a royal brass band playing a rendition of Bob Marley and the Wailers’ “Could You Be Loved” outside Buckingham Palace.
Listeners can tune in on Apple Music 1 throughout Monday and Tuesday.
Tariffs have thrown the stock market into dizzying moves, moving up and/or down based on whatever news headlines circulate. The broader stock market indexes have all declined, although they are holding on to their 200-day simple moving average (SMA). The Nasdaq Composite ($COMPQ) fell below the average on Tuesday, but recovered on Wednesday and closed above it.
Looking at weekly performance, Real Estate, Health Care, and Consumer Staples are the top three S&P sector performers. These sectors fall under the defensive category, which suggests that investor uncertainty is still in the air. Gold and silver prices are rising, an indication of risk-off sentiment.
Investors were flocking to the Mag 7 stocks not too long ago, but this is no longer the case. The daily chart of the Roundhill Big Tech ETF (MAGS), a basket of the Mag 7 stocks, illustrates that this group of stocks has technically broken down.
FIGURE 1. DAILY CHART OF ROUNDHILL BIG TECH ETF (MAGS). The ETF which holds all the Mag 7 stocks has broken down. However, it bounced off its 200-day simple moving average, and the relative strength index stayed above the 30 level.Chart source: StockCharts.com. For educational purposes.
Note that despite the downward trend, MAGS managed to bounce off its 200-day SMA. The relative strength index (RSI) didn’t dip below 30. Does this mean the Mag 7 could bounce back? Semiconductor stocks were up two days in a row, which may have helped MAGS stay afloat. But semiconductors are vulnerable to tariffs, so why are these stocks showing green shoots? It’s a very challenging market and I would monitor the MAGS chart daily. You wouldn’t want to miss out on a strong upside move.
President Trump’s tariffs have stirred the pot and caused shifts in investor sentiment. International stocks are gaining momentum, something we haven’t seen in a long time. The weekly chart below summarizes the performance of US stocks against the rest of the world.
FIGURE 2. US VS. THE REST OF THE WORLD. The Vanguard Total Stock Market ETF which consists of large growth US stocks is declining in performance against international stocks.Chart source: StockCharts.com. For educational purposes.
It’s also worth noting the performance of the US dollar. The US dollar plunged and is now trading below its 200-day SMA. The Canadian dollar and Mexican peso are showing signs of gaining strength against the US dollar (see chart below).
FIGURE 3. THE WEAKENING US DOLLAR. After tariffs on imports from Canada and Mexico were implemented, the US dollar started to weaken against the Canadian dollar and Mexican peso.Chart source: StockCharts.com. For educational purposes.
Now’s a good time to test your patience. It’s not exactly the type of market you want to open long positions. It’s more of a “wait and see” type of market. We’ll get the February jobs report on Friday, but how much it’ll impact the market is unclear. With investors focused on tariffs, the jobs report may be brushed off, unless it comes in vastly different than the forecast. Expect more volatility in the weeks ahead.
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
Silver47 Exploration Corp. (TSXV: AGA) (FSE: QP2) (‘Silver47’ or the ‘Company’) is pleased to announce closing of the first tranche (the ‘First Tranche’) of its previously announced non-brokered private placement (the ‘Offering’) in the Company’s news releases of February 19 and 24, 2025. Pursuant to the closing of the First Tranche, the Company issued (i) 6,912,400 units of the Company (the ‘Units’) at a price of $0.50 each; and (ii) 929,192 flow-through units of the Company (the ‘FT Units’) at a price of $0.57 each, for aggregate gross proceeds to the Company of $3,985,839. In addition, the balance of the Offering is expected to occur on or about March 12, 2025 or as may be determined by the Company.
Each Unit consists of one common share in the capital of the Company (a ‘Common Share‘) and one-half of one Common Share purchase warrant (a ‘Half-Warrant‘, with two Half-Warrants being referred to as a ‘Warrant‘). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.75 within 36 months following issuance. Each FT Unit consists of one Common Share and a Half-Warrant (subject to the same terms as indicated above), each issued as a ‘flow-through share’ pursuant to the Income Tax Act (Canada).
The Company intends to use the net proceeds from the sale of the Units to fund exploration activities at the Red Mountain Project in Alaska and for general working capital and to use the gross proceeds from the sale of FT Units for exploration expenditures at the Company’s Adams Plateau Project.
The proceeds from the sale of the FT Units will be used to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through mining expenditures’ as both terms are defined in the Income Tax Act (Canada), and for British Columbia subscribers, ‘BC flow-through mining expenditures’ as defined in the Income Tax Act (British Columbia), (the ‘Qualifying Expenditures‘) on the Company’s Adams Plateau Project in British Columbia, with such expenses to be incurred on or before December 31, 2026, and the Company will renounce all the Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2025.
In connection with the First Tranche, the Company has paid certain persons (‘Finders‘) finders’ fees totaling $199,699, representing 7% of the aggregate proceeds raised by the Finders, and issued 398,888 finders’ warrants (the ‘Finder’s Warrants‘), representing 7% of the number of securities sold to subscribers introduced to the Company by the Finders. Each Finder’s Warrant is exercisable for one Common Share at an exercise price of $0.75 for a period of 36 months from the date of issuance.
All securities issued under the Offering are subject to a hold period of four months and one day from the date of issuance under applicable securities laws. The Offering is subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘).
Certain directors and officers of the Company acquired an aggregate of 720,000 Units under the First Tranche. The issuance of securities to such insiders is considered a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is listed on the TSXV and neither the fair market value of securities issued to related parties nor the consideration being paid by related parties will exceed 25% of the Company’s market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), or any state securities laws and may not be offered or sold in the ‘United States’ or to ‘U.S. persons’ (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Silver47 Exploration Corp.
Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US: the Flagship Red Mountain silver-gold-zinc-copper-lead-animonty-gallium VMS-SEDEX project in southcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in southern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX Project in Yukon Territory. Silver47 Exploration Corp. shares trade on the TSXV under the ticker symbol AGA. For more information about Silver47, please visit our website at www.silver47.ca.
On Behalf of the Board of Directors
Mr. Gary R. Thompson
Director and CEO
gthompson@silver47.ca
For investor relations
Meredith Eades
info@silver47.ca
778.835.2547
No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: closing of the Offering, including the number of Units and FT Units issued in respect thereof; anticipated use of proceeds; expected closing date of the Offering; payment of finder’s fees; ability to obtain all necessary regulatory approvals; insider participation in the Offering; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.
No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION OR DISSEMINATION IN OR INTO THE U.S.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243504
News Provided by Newsfile via QuoteMedia
Metals Australia (MLS:AU) has announced Lac Carheil Graphite Project Awarded Grant Funding
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Here’s a quick recap of the crypto landscape for Wednesday (March 5) as of 9:00 p.m. UTC.
Bitcoin (BTC) is currently trading at US$90,372.22, reflecting a 4 percent increase over the past 24 hours. The day’s trading range has seen a high of US$90,468.07 and a low of US$87,736.82.
Ethereum (ETH) is priced at US$2,231.25, marking an increase of 4.3 percent over the same period. The cryptocurrency reached an intraday high of US$2,232.93 and a low of US$2,168.29.
In a Wednesday interview with the Pavlovic Today, US Commerce Secretary Howard Lutnick clarified that Bitcoin will have “special status” in a planned national cryptocurrency reserve.
The reserve will hold a basket of cryptocurrencies, including ETH, SOL, ADA and XRP. Lutnick said the Trump administration will likely reveal more details at the upcoming White House Crypto Summit.
The Trump administration has faced criticism since it announced its intention to create a reserve that includes cryptocurrencies other than Bitcoin. Industry insiders, including Coinbase and Gemini CEOs Brian Armstrong and Tyler Winklevoss, have argued that Bitcoin is the only cryptocurrency that meets the criteria of a reserve asset.
After initially announcing the successful deployment of Ethereum’s Pectra upgrade on its final testnet, Sepolia, Ethereum blockchain developer Tim Beiko reported a technical issue that caused transaction processing software to malfunction, leading to the creation of blocks without any transactions.
The Wednesday issue marks the second setback in the process of the Pectra upgrade, which is anticipated to improve Ether staking, layer-2 network scalability and overall network capacity.
During a test run of the Pectra upgrade on the Holesky test network on February 24, a mistake in how the computers that validate transactions were set up caused the network to split into two separate, conflicting versions.
The estimated time to resolve the issue and successfully implement the upgrade on the test network is approximately 18 days. More information, including a possible final date of the Pectra mainnet implementation, is expected during Ethereum’s All Core Developers call on Thursday (March 6).
The US Senate voted 70 to 27 to pass a resolution to repeal a Biden-era rule requiring decentralized finance protocols to report to the Internal Revenue Service (IRS) and brokers to disclose gross proceeds from crypto sales.
The issue was brought forward by Senator Ted Cruz (R-TX) on January 21.
The resolution will now move to the House of Representatives. If it passes a vote there, it will be sent to President Donald Trump for his signature. David Sacks, the Trump administration’s artificial intelligence and crypto czar, has already said the White House supports the resolution.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.