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March 2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This post appeared first on cnn.com

US President Donald Trump told Newsmax he believes Russia wants to end its war with Ukraine, but that Moscow could be “dragging its feet.”

“I think that Russia wants to see an end to it, but it could be they’re dragging their feet. I’ve done it over the years,” the president told the right-wing cable channel in an interview that aired Tuesday night.

“I think Russia would like to see it end and I think Zelensky would like to see it end, at this point,” Trump said.

His comments came only hours after Russia said it would only implement a US-brokered deal to stop using force in the Black Sea once sanctions imposed on its banks and exports over of its invasion of Ukraine are lifted.

Following days of separate negotiations with Ukrainian and Russian officials in Saudi Arabia, the White House said the two sides had agreed “to ensure safe navigation, eliminate the use of force, and prevent the use of commercial vessels for military purposes in the Black Sea” while also agreeing to implement a previously announced pause on attacks against energy infrastructure.

While Ukraine’s President Volodymyr Zelensky confirmed in a news conference that Ukraine had agreed to stop using military force in the Black Sea, the Kremlin released its own statement on the talks, which included far-reaching conditions for signing up to the partial truce.

Those included lifting sanctions on its agricultural bank and other financial institutions and companies involved in exporting food and their re-connection to the US-controlled SWIFT international payments system.

On Tuesday afternoon, Trump told reporters that his administration was looking at Russia’s conditions. “We’re thinking about all of them right now. There are five or six conditions. We are looking at all of them,” the president said.

Ukrainian and US officials have said the deal to halt strikes in the Black Sea would be a potentially significant step forward, despite it falling short of the 30-day full ceasefire initially proposed by the White House.

This post appeared first on cnn.com

Energy Jumps to #2

A big move for the energy sector last week as XLE jumped to the #2 position in the ranking, coming from #6 the week before. This move came at the cost of the Consumer Staples sector which was pushed out of the top-5 and is now on #7.

Because of the jump of Energy, the Financials sector was pushed down to #3. Healthcare and Utilities remain in the top-5 but have switched positions.

The New Sector Lineup

  1. (1) Communication Services – (XLC)
  2. (6) Energy – (XLE)*
  3. (2) Financials – (XLF)*
  4. (5) Utilities – (XLU)*
  5. (4) Healthcare – (XLV)*
  6. (7) Industrials – (XLI)*
  7. (3) Consumer Staples – (XLP)*
  8. (8) Real-Estate – (XLRE)
  9. (9) Consumer Discretionary – (XLY)
  10. (10) Materials – (XLB)
  11. (11) Technology – (XLK)

Weekly RRG: XLF and XLC remain strong

On the weekly Relative Rotation Graph, Communication Services and Financials remain strong inside the leading quadrant. From the big cluster of tails inside the improving quadrant, XLE has jumped to the front of the queue (almost) while XLU and XLV continue to pick up nicely.

The long tail on XLY at a negative RRG-Heading rapidly continues to push the sector to the lagging quadrant. The Negative RRG-Heading on XLK keeps the sector at the bottom of the list.

Daily RRG: Modest Pickup of Relative Momentum for XLK and XLY

On the daily RRG:

  • XLE jumps to the highest RS-Ratio reading while maintaining the highest RS-Momentum.
  • Utilities stall inside the lagging quadrant
  • XLV rotates into weakening but remains at an elevated RS-Ratio reading
  • XLF rotates back into the leading quadrant, signaling the start of a new leg in the already established relative uptrend.

Communication Services

XLC held above the rising support line and closed towards the high of the week, suggesting that a new higher low is now getting into place.

Relative Strength continues to be strong, and RS-Momentum bottoms against 100-level.

Energy

The Energy sector rapidly improved, jumping from position #6 to #2 in one week. On the price chart, XLE is breaking its falling resistance, which opens the way for a further rally to the horizontal barrier near 98.

The raw RS-line is close to leaving its two-year-old falling channel, which would signal a significant shift in sentiment and a turnaround into a relative uptrend.

Financials

XLF remains a strong sector in position #3, with relative strength continuing to rise.

Last week’s rally on the price chart brought the price back to the old rising support line, which is now expected to start acting as resistance. The former support from the low near 5o is also expected to start acting as resistance.

This means that the upside potential in terms of price seems limited for now, but RS is still going strong.

Utilities

Relative strength for Utilities continues to creep higher, enough to keep the sector inside the top 5.

Both price and RS remain within the boundaries of their trading ranges.

Healthcare

RS for the Healthcare sector stalled at the level of the previous low. The RS-Ratio and RS-Momentum combinations on the daily and weekly Relative Rotation Graphs remain strong enough to keep the sector in the top 5.

Portfolio Performance Update

In the portfolio, the position in Consumer Staples (XLP) was closed against the opening price of Monday morning (3/24). At the same time, a new position was opened in Energy (XLE) against the opening price.

The rally in Consumer Discretionary and Technology at the end of last week has put a small dent in the performance,e and RRGv1 is now 1.4% behind SPY since the start of the year.

#StayAlert, -Julius


Over the weekend it was announced that tariffs will be narrowing and possibly not as widespread as initially thought. Negotiations are continuing in the background and this seems to be allaying market participants’ fears. The market rallied strongly on the news.

Carl and Erin gave you their opinions of whether this rally has staying power. Carl began the program with a look at the current DP Signal Tables. Biases remain very negative but as we often say things get as bad as they’re going to get before they start turning it around.

After looking at the tables, Carl analyzed the market in general and then covered Gold, the Dollar, Yields, Bitcoin and more. Get a sense of market conditions with a review of this section.

The Magnificent Seven were next up on the agenda. Carl reviewed both the daily and weekly charts seeing many new rallies kicking in. Their improvements bode well for the market in general.

Erin took the reins and gave us a complete overview of sector rotation. She took a deep dive in the aggressive sectors with an under the hood view of Consumer Discretionary (XLY), Communication Services (XLC) and Technology (XLK).

Erin concluded the program by looking at viewer symbol requests that included SOFI, RIVN, F and SMCI.

01:18 DP Signal Tables

03:42 Market Overview

13:24 Magnificent Seven

22:05 Sector Rotation

28:31 Symbol Requests

Join us LIVE in the trading at Noon ET on Mondays by registering once here: https://us06web.zoom.us/webinar/register/WN_D6iAp-C1S6SebVpQIYcC6g

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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


(c) Copyright 2025 DecisionPoint.com


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. 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.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


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SCTR Ranking

Bear Market Rules


Markets surged out of the gate Monday morning, with all three major U.S. indexes notching early gains. But after a bruising two-week rout on Wall Street, the question facing investors is whether stocks can sustain the rebound.

If Monday’s bounce is driven more by short-term bargain hunting than long-term conviction, then certain scans, like StockCharts’ Strong Uptrends to New Highs can help cut through the noise — flagging the outliers breaking key levels and showing enough momentum to possibly hold the upward move.

How I Scanned the Market at the Open

First stop: A high-level sweep of the S&P 500 using MarketCarpets to catch the early movers. From there, I drilled down into the sectors to see where real strength, or weakness, was taking shape.

FIGURE 1. MARKETCARPETS S&P 500 AND SECTOR VIEW. The S&P 500 view gives you a sea of green, but zooming into sectors, Consumer Discretionary (XLY) stands out above the rest.

Consumer Discretionary is outpacing all sectors, a signal worth noting. Instead of looking for leadership, I considered stocks hitting new highs, and then checking to see if any Discretionary names stand out from the pack.

So, next, I ran a Strong Uptrends To New Highs scan (you can find it in your scan library).

FIGURE 2, IMAGE OF THE SCAN AS IT APPEARS IN THE LIBRARY: This is one among numerous bullish scans you can run in StockCharts.

Only four stocks came up as a result. The most recognizable figure is Darden Restaurants, Inc. (DRI).

Darden Restaurants Stock: A Tasting Menu of Profits or Bloat

Even if you’re unfamiliar with the stock, you know Darden. Here’s a short list: Olive Garden, LongHorn Steakhouse, Yard House, Ruth’s Chris Steak House, Cheddar’s Scratch Kitchen, Chuy’s, Bahama Breeze, and a few more. Sound familiar?

DRI jumped after reporting strong fiscal Q3 results, with sales and EPS rising. The company also raised its full-year outlook and declared a $1.40 dividend; analysts also gave it an upgrade.

On the technical side of things, DRI also showed up on several other scan engines which appeared in the StockCharts Symbol Summary:

  • Moved Above Upper Bollinger Band
  • Moved Above Upper Price Channel
  • P&F Double Top Breakout
  • Moved Above Upper Keltner Channel
  • New 52-week Highs
  • P&F Spread Triple Top Breakout

Let’s take a look at DRI’s relative performance against its sector (XLY) and the S&P 500 using PerfCharts.

FIGURE 3. PERFCHARTS OF DRI, XLY, AND $SPX.  DRI’s outperformance is very recent, according to this chart.

This chart tells an interesting story. DRI has been the laggard for most of the last 12 months, though it began picking up steam as XLY began outpacing the S&P 500. As tariff fears brought XLY valuations down toward S&P levels, DRI maintained its valuations, and after a two-week dip, shot higher.

Let’s take a longer-term look using a weekly chart.

FIGURE 4. WEEKLY CHART OF DRI. The dotted line shows this week’s breakout to all-time highs.

So, what does this chart tell us relative to the PerfCharts above? First, while DRI has been underperforming XLY and the S&P over the last year (and longer than that if you extend the PerfCharts analysis period), the stock has been chugging along on a slow and steady, albeit volatile, uptrend, staying well above its 200-period simple moving average (SMA).

The StockCharts Technical Rank (SCTR) line shows you that DRI has had periods fluctuating from technical strength to weakness. I consider the 70-line signal, more or less, to be the strength threshold, and right now, the stock is at 92, an extremely bullish level. The question now is whether it can maintain its trajectory and if so, might there be an entry point for those who are bullish on the stock?

For that, let’s shift over to a daily chart.

FIGURE 5. DAILY CHART OF DRI. Watch the momentum and volume.

DRI has been marching steadily upward since the middle of last summer, with its recent push to all-time highs fueled by strong fundamentals. However, in terms of momentum and volume, the Money Flow Index (MFI), which is a volume-driven RSI of sorts, has been declining during DRI’s rise, signaling the potential for a pullback.

Whether DRI can sustain its current momentum remains to be seen. In the meantime, the Ichimoku Cloud can help anticipate and gauge any potential pullback, with a broad support zone forming below. The first key level to watch is $192, while $180 marks a critical support line — a close below that could open the door to further downside.

At the Close

This scan-driven approach began with a broad market view and drilled down to individual stocks that made new highs while others merely rebounded. DRI emerged as a standout: a fundamentally strong name hitting new highs while much of the market remains in recovery mode. Whether it continues to climb or pulls back toward support, tools like the Ichimoku Cloud and volume-based indicators can help you manage the risk and prepare for entry.


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.

In this video, Dave breaks down the upside bounce in the Magnificent 7 stocks — AAPL, AMZN, NVDA, and more — highlighting key levels, 200-day moving averages, and top trading strategies using the StockCharts platform. Find out whether these leading growth stocks are set for a bullish reversal or more downside. Will the rally hold?

This video originally premiered on March 24, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

CleanTech Lithium PLC (AIM: CTL), an exploration and development lithium company in Chile, is pleased to announce that at the General Meeting (‘GM‘) held earlier today all the resolutions were duly passed.

Retail Offer

On 10 March 2025 the Company announced the Retail Offer had conditionally raised £143,980, in addition to the £2.4 million raised from a Placing announced on 11 February 2025. 899,873 new ordinary shares (‘Retail Offer Shares‘) will be issued to existing retail shareholders who subscribed via the BookBuild platform at a price of 16 pence per Retail Offer Share pursuant to the Retail Offer.

It is expected that Admission will become effective, and trading of the Retail Offer Shares will commence on AIM, at 8.00 a.m. on 25 March 2025.

Total Voting Rights

Following the issue of the Retail Offer Shares, the Company will have a total of 100,346,774 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury and accordingly the total number of voting rights in the Company is 100,346,774.

With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Words and expressions defined in the Company’s announcement of 10 March 2025 shall have the same meaning in this announcement.

For further information please visit https://ctlithium.com/

For further information contact:

CleanTech Lithium PLC

Steve Kesler/Gordon Stein/Nick Baxter

Jersey office: +44 (0) 1534 668 321

info@ctlithium.com

Chile office: +562-32239222

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish/Asia Szusciak

+44 (0) 20 7628 3396

Fox-Davies Capital Limited (Joint Broker)

Daniel Fox-Davies

+44 (0) 20 3884 8450

daniel@fox-davies.com

Canaccord Genuity (Joint Broker)

James Asensio

+44 (0) 20 7523 4680

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.

CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com

Click here for the full release

This post appeared first on investingnews.com

African Gold Ltd (ASX: A1G) (“African Gold” or the “Company”) is pleased to announce its plans to secure a strategic investment from Montage Gold Corp. (TSXV: MAU; OTCQX: MAUTF) (“Montage Gold”) and new investors with a total value of up to A$9,174,768.

Highlights

  • Montage Gold and insiders to acquire a 19.9% stake in African Gold via:
    • a share swap of 2,026,388 Montage shares, valued at approximately A$6,466,445, for 92,377,787 African Gold shares at a deemed issue price of A$0.07 per share; and
    • a placement to Montage insiders of 12,371,429 African Gold shares at $0.07 per share raising A$866,000 (before costs).
  • The strategic partnership with Montage Gold will accelerate exploration at African Gold’s highly prospective Didievi gold project and broader tenement portfolio in Côte d’Ivoire.
  • Leadership team strengthened: Montage Gold’s EVP of Exploration, Silvia Bottero, joins the Board as Non-Executive Director, and CEO Martino De Ciccio to serve as a strategic advisor.
  • Montage Gold, recognised for its success in Côte d’Ivoire with the 4Moz+ Koné gold project, has a proven track record of value creation. This investment builds on their successful Sanu Gold (CNSX: SANU) partnership, which has delivered significant shareholder returns.

Key Terms:

  • Share Swap Agreement: African Gold will issue 92,377,787 shares at a deemed issue price of A$0.07 per share to Montage Gold in exchange for an equivalent value of Montage shares (2,026,388 shares) at a deemed issue price of C$2.87 per share1.
  • Placement to Montage insiders: 12,371,429 shares will also be issued to Montage related parties raising A$866,000 (before costs).
  • Following completion, Montage and insiders will hold 19.9%2 of African Gold, with an expected cash-equivalent valuation of $7,332,445.
  • Private Placement: African Gold will conduct a non-brokered private placement for approximately 5.0%2 of its shares to new investors by the issue of 26,318,899 shares at A$0.07 per share, raising approximately A$1,842,323 (before costs).
  • Board & Advisory Roles: Montage Gold’s EVP of Exploration, Silvia Bottero, will join the African Gold Board, while Montage CEO, Martino De Ciccio, will serve as a strategic advisor.
  • Assignment of pre-emptive rights: African Gold will assign to Montage its pre- emptive rights with respect to certain minority interests in the Didivei project, including that of a right to acquire the 20% project level shareholding owned by minority shareholders.
  • Exploration Funding & Oversight: Montage will oversee exploration at the Didievi project, with costs covered by African Gold. A joint technical committee— comprising three African Gold representatives and two from Montage—will determine exploration strategy and expenditures.
  • Right of First Refusal (“ROFR”): On certain asset-level transactions for the Didievi Project.
  • Silvia Bottero and Martino De Ciccio will be granted 5 million options each with an exercise price of $0.10 per share and expiry date three years from date of issue (subject to shareholder approval), recognising their active involvement and contributions to A1G.

This agreement follows the highly successful deal between Montage Gold and Sanu Gold, which enabled Sanu to aggressively advance drilling on its Guinea-focused projects and generate significant shareholder value. The Sanu Gold deal was conducted at C$0.072 per share, with Sanu’s share price rising as high as C$0.32 per share and currently trading at C$0.30 per share.

Africa Gold’s Chief Executive Officer, Adam Oehlman, said“We are excited to partner with Montage Gold given their extensive exploration track record and strong presence in Côte d’Ivoire. This collaboration offers an exciting opportunity to unlock exploration value at notably our flagship Didievi project. Furthermore, Montage’s robust technical due diligence process strengthens our belief that the Didievi project is highly prospective. We are very pleased with the ongoing 10,000-metre drill programme at our Didievi project and look forward to further drilling the property this year given our strengthened financial position.

“As part of this partnership, we are pleased to welcome Silvia Bottero to the African Gold board. With over 20 years of experience in mining, Silvia has a proven track record in driving greenfield discoveries and advancing brownfield projects, particularly in Africa and over the last decade she has been credited with the discovery of over 15Moz of M&I gold resources in Côte d’Ivoire.

“We are also excited to welcome Martino De Ciccio as a strategic advisor to African Gold given his extensive expertise and value creation track record. Moreover, Martino has a profound understanding of the African mining landscape, being recently recognized as one of the 20 most influential people in the African mining sector by Africa Business. Over the last year, under Martino’s leadership, Montage’s market capitalization grew from C$140 million to over C$1 billion given their success in obtaining environmental and mining permits, staffing a high-quality team, obtaining high profile strategic investors, securing over US$950 million in financing, delivering strong exploration results, and launching construction of their project.

“We look forward to working closely with Montage Gold, to maximise the potential of our assets in Côte d’Ivoire.”

Martino De Ciccio, CEO of Montage, commented:“We are very pleased to form a strategic partnership with African Gold and work alongside them to rapidly unlock exploration value across their highly attractive portfolio in Côte d’Ivoire, including the high-grade Didievi project, by leveraging our presence and expertise in the country. Our strategic investment in African Gold follows a thorough review of potential partnerships in Côte d’Ivoire, based on a value-driven approach that considers risk-adjusted geological potential and is supported by technical due diligence.”

Click here for the full ASX Release

This post appeared first on investingnews.com