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April 2025

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El Salvador says it shares intelligence with the United States about gang members wanted by the Central American nation and provides “complete records” on them before formally requesting their deportation.

Villatoro’s comments come after the Trump administration deported more than 270 men to El Salvador, accusing them of being members of the Venezuelan Tren de Aragua gang or Salvadorans tied to the MS-13 gang.

US officials later admitted that one of those deported – Kilmar Armando Abrego Garcia, a Maryland-based sheet metal worker and father of three – was removed from the US in an “administrative error.” He is now in El Salvador’s notorious high security prison Cecot, despite a 2019 ruling by an immigration judge that was meant to protect him from deportation due to death threats from a gang targeting his family’s pupusa business.

The case has sparked a broad debate over due process in the deportations. While the Trump administration has alleged Garcia Abrego was a member of MS-13, his attorneys and family have rejected those claims and insist his detention is unjust.

The Salvadoran government has not commented on individual cases, including Abrego Garcia’s. But Villatoro said that Salvadorans deported from the US who are placed directly into the country’s prison system are those with pending criminal records in El Salvador.

“We checked all of them. And if we found someone who we are very sure that he is a member of any gang in El Salvador, we capture them and put them in jail,” he said.

He also addressed cases where individuals claim innocence, saying: “It’s very common that some people say, ‘Oh, he’s innocent.’ But the problem is: your background talks for you, right? You can say, ‘I’m not a member’ — OK, but what happened with your criminal record?”

‘Vague accusations’

Abrego Garcia’s legal team has flatly rejected that claim.

“The government of El Salvador has not provided any convictions or substantiated evidence to support its claims, and it is deeply concerning that these unverified allegations are being used to retroactively justify a deportation that violated court orders,” the statement continued.

The Supreme Court on Monday temporarily paused a court-imposed midnight deadline to return Abrego Garcia to the US, agreeing to a request from President Donald Trump that will give the justices more time to consider the case.

It’s unclear what is influencing the US decision to block his return.

Villatoro insisted that El Salvador actively shares its information with US law enforcement and that deportations are based on detailed records.

He said the country has kept extensive files on suspected gang members for years, including those believed to be living in the US and elsewhere.

“We know their background — how many times they were captured for homicide, for drugs, for weapons,” he said. “This is not about random deportations — this is based on the full record.”

Villatoro, who has served in President Nayib Bukele’s cabinet since the beginning of his term, is considered one of the architects of his country’s anti-gang strategy.

The Cecot jail where Abrego Garcia is being held houses both convicted criminals and those still going through El Salvador’s court system.

With constitutional rights suspended under El Salvador’s yearslong state of emergency, some innocent people have been detained by mistake, Salvadoran president Bukele previously admitted. Several thousand of them have already been released.

Last year, the prison director estimated the inmate population was between 10,000 and 20,000. He now says it’s approaching the prison’s 40,000-inmate maximum — but declined to provide a specific figure, citing security concerns.

Villatoro said the government is prepared to expand the facility, or even construct a second Cecot-like maximum-security prison, if needed.

“We have enough land to build even another (Cecot),” he said.

This post appeared first on cnn.com

What was supposed to be a historic, era-defining trade war launched by US President Donald Trump against a range of countries has, for now, narrowed in on a singular target: China.

On Wednesday, Trump announced a three-month pause on all the “reciprocal” tariffs that had gone into effect hours earlier – with one exception, deepening a confrontation set to dismantle trade between the world’s two largest economies.

The pace of that escalation has been stunning. Over the course of a week, Trump’s tariffs on Chinese imports have jumped from 54% to 104% and now 125% – figures that add to existing levies imposed prior to the president’s second term. And China has retaliated in kind, raising additional, retaliatory duties on all US imports to 84%.

The showdown sets up an historic rupture that will not only cause pain for both of these deeply intertwined economies – but add tremendous friction to their geopolitical rivalry.

“This is probably the strongest indication we’ve seen pushing towards a hard decoupling,” said Nick Marro, principal economist for Asia at the Economist Intelligence Unit, referring to an outcome where the two economies have virtually no trade or mutual investment.

“It’s really hard to overstate the expected shocks this is going to have, not just to the Chinese economy itself, but also to the entire global trading landscape,” as well as on the US, he said.

Trump appeared to link his decision not to grant China the same reprieve as other nations to Beijing’s swift retaliation, telling reporters Wednesday that “China wants to make a deal, they just don’t know how quite to go about it.”

But the view from Beijing looks dramatically different.

Chinese leader Xi Jinping, China’s most powerful leader in decades, sees no option for his country to simply capitulate to what it calls America’s “unilateral bullying.” And he’s playing to his crowd. Publicly, Beijing has drummed up fervent nationalism around its retaliation – part of a strategy it’s been quietly preparing for more than four years since Trump was last in office.

While China has long said it wants to talk, Trump’s rapid escalation instead appears to have confirmed for Beijing that the US doesn’t. And in Xi’s calculation, observers say, China is prepared not just to fight back, but to use Trump’s trade turmoil to strengthen its own position.

“Xi has been very clear for a very long time that he expects China will enter a period of protracted struggle with the United States and its allies, that China needed to prepare for that, and they have quite extensively,” said Jacob Gunter, lead economy analyst at Berlin-based think tank MERICS.

“Xi Jinping has accepted that the gauntlet is thrown down, and they are ready to put up a fight.”

‘War of attrition’

Whether Trump would have suspended his so-called retaliatory tariffs on China alongside other nations had Beijing not moved so swiftly to retaliate remains an open question. Canada had retaliated but was included in the reprieve, which does not remove a 10% universal tariff imposed last week.

Regardless, Trump, who the White House described earlier this week as having a “spine of steel,” and Xi now appear locked in a war of attrition with the potential to upset a lopsided but highly integrated trade relationship worth roughly half a trillion dollars.

For decades, China has been the world’s factory floor, where increasingly automated and high-tech production chains churn out everything from household goods and shoes to electronics, raw materials for construction, appliances and solar panels.

Those factories satisfied the demand of American and global consumers for affordable goods but fueled an enormous trade deficit – and a feeling among some Americans, including Trump, that globalization has stolen US manufacturing and jobs.

Trump’s ratcheting up of tariffs to well over 125% could now cut China’s exports to the US by more than half in the coming years, by some estimates.

Many goods from China won’t be able to be quickly replaced – driving up US consumer prices, potentially for years, before new factories come online. That could ring up a tax hike for Americans of roughly $860 billion before substitutions, JP Morgan analysts said Wednesday.

In China, a wide swath of suppliers are likely to see their already narrow margins completely erased, with a new wave of efforts to establish factories in other countries set to begin.

The scale of the tariffs could lead to “millions of people becoming unemployed” and a “wave of bankruptcy” across China, according to Victor Shih, director of the University of California San Diego’s 21st Century China Center. Meanwhile, US exports to China could “go close to zero,” he added.

“But China can sustain that (situation) much more so than American politicians can,” he said.

That’s, in part, because China’s ruling Communist Party leaders do not face swift feedback from voters and opinions polls.

“During Covid they shut down the economy (causing) untold employment, suffering – no problem.”

Beijing too believes it can weather the storm.

“In response to US tariffs, we are prepared and have strategies. We have engaged in a trade war with the US for eight years, accumulating rich experience in these struggles,” a commentary on the front page of Communist Party mouthpiece People’s Daily said Monday.

It noted Beijing could take “extraordinary efforts” to boost domestic consumption, which has been persistently weak, and introduce other policy measures to support its economy. “The plans to respond are well-prepared and ample,” the commentary said.

And in the face of unknowns about how much further measures could escalate, voices from Beijing appear calm.

“The ultimate outcome hinges on who can withstand a longer ‘economic war of attrition,’” economist Cai Tongjuan of China’s Renmin University wrote in a state media op-ed earlier this week. “And China clearly holds a greater advantage in terms of strategic endurance.”

‘Preparing for this day’

Beijing in recent weeks has also been talking to countries from Europe to Southeast Asia in a bid to expand trade cooperation – and one up the US by winning over American allies and partners exasperated by the on-again-off-again trade war.

But it’s been bracing for US trade frictions since Trump’s first trade war and his campaign against Chinese tech champion Huawei, which were a wake-up call to Beijing that its economic rise could be derailed if it wasn’t prepared.

“The Chinese government have been preparing for this day for six years – they knew this was a possibility,” said Shih in California, who added that Beijing had supported countries to diversify supply chains and looked to manage some of its domestic economic challenges in preparation, among other efforts.

Today, China is much better placed to weather a broader trade conflict, experts say. Compared with 2018, it’s expanded its trade relations with the rest of the world, reducing the share of US exports from roughly one-fifth of its total to less than 15%.

Its manufacturers have also set up extensive operations in third countries like Vietnam and Cambodia, in part to take advantage of potentially lower US duties.

China has also built out its supply chains for rare earths and other critical minerals, upgraded its manufacturing technology with AI and humanoid robots and ramped up its advanced technology capabilities, including semiconductors. Since last year, the government has also worked, with varying success, to address issues like weak consumption and high local government debt.

“(China’s) weaknesses are significant, but in the context of an all-out brawl, these are manageable. The US is not going to be able to, on its own, bring China’s economy to the edge of destruction,” said Scott Kennedy, a senior adviser at the Center for Strategic and International Studies think tank in the US.

“As much as Washington doesn’t want to admit it, when China says you can’t contain China economically, they have a point.”

This post appeared first on cnn.com

Panama promotes itself “as the bridge of the world, heart of the universe” but lately the narrow Central American Isthmus and its namesake canal that joins the Atlantic to the Pacific have become the setting for a bitter clash between the world’s two preeminent economic superpowers.

The escalating war of words between the US and China over the canal has left Panama – which does not have a military – baffled and brings to mind the old proverb of how “when elephants fight, it is the grass that suffers.”

From the beginning of his second term, US President Donald Trump has claimed without proof that China secretly controls the canal where around 40% of US container traffic passes through. If China’s alleged influence over the canal wasn’t halted, Trump threatened to “take back” the iconic waterway that the US returned to Panama in 2000, employing military force if needed.

Panama’s President José Raúl Mulino rejects Trump’s claims but has also made significant efforts to placate the White House, such as dropping out of China’s Belt and Road investment initiative in February.

In March, US investment giant BlackRock announced a $22.8 billion deal to buy 43 ports, including two located on either side of the Panama Canal, from CK Hutchison, the Hong Kong logistics company that the Trump administration has accused of being under Beijing’s control – something Hutchison denies.

But those concessions seem to have only added fuel to the White House’s bellicose rhetoric, most recently this week from Secretary of Defense Pete Hegseth during a visit to Panama to attend the Central American Security Conference.

“I want to be very clear, China did not build this canal,” Hegseth said Tuesday. “China does not operate this canal and China will not weaponize this canal. “Together with Panama in the lead, we will keep the canal secure and available for all nations through the deterrent power of the strongest, most effective and most lethal fighting force in the world.”

Beijing angrily fired back at Hegseth’s verbal broadsides.

“Who represents the real threat to the canal? People will make their own judgment,” China’s government retorted.

Hegseth’s statements represented a shift – Panama was again a “partner” that, contrary to what Trump had said, “operates” the canal. Still, the defense secretary stopped short of saying publicly the canal belonged to Panama.

In fact, the Pentagon appeared to omit a key line to that effect from a joint statement, which in the Panamanian version reads, “Secretary Hegseth recognized the leadership and inalienable sovereignty of Panama over the Panama Canal and its adjacent areas.”

The discrepancy over the statement called into mind a similar puzzling episode in February where the State Department announced that Panama would waive tolls on US Navy ships going through the canal; Mulino the next day angrily denied his government had ever agreed to that.

But on Wednesday Panama’s Canal Affairs Minister José Ramón Icaza told reporters that the Panama Canal Authority agreed to find a “mechanism” that allows US Naval ships to pass through the canal at a “neutral cost” in exchange for security provided by those ships and the US recognizing Panamanian sovereignty over the canal.

Even though, according to Panama’s government, US Navy ships only spend on average a few million dollars each year crossing through the canal, the Trump administration had pushed hard for the concession from the Canal Authority which according to Panamanian law is supposed to charge all countries the same rates for crossings.

Mulino has proven to be a key ally on immigration to Washington. During the Biden administration, Mulino had already begun closing the Darien Gap, where hundreds of thousands had crossed on their way to the US and by accepting deportation flights from the US.

But there are clearly limits on which US demands he can accommodate, as his countrymen and much of the region grow exasperated by increasing saber rattling from Trump and demands for further concessions.

On Wednesday, at a news conference, Hegseth alluded to the possibility of reestablishing US military bases to guard the canal.

Minutes later, with Hegseth looking on, Panama’s Security Minister Frank Ábrego flatly denied that Mulino was considering the possibility of allowing US bases in the country.

It’s not clear if Trump will take “no” for an answer and as the US-China tug of war over the canal heats up, Panama is clearly feeling the strain.

This post appeared first on cnn.com

New Zealand politicians broke out in song Thursday after striking down a right-wing-backed proposal that opponents feared would erode indigenous rights.

Tens of thousands of people – predominantly from the Māori community – had already taken to the streets to oppose the bill, which sought to redefine the terms of a treaty that British colonialists signed with the indigenous group more than 180 years ago.

The proposal made global headlines when a video went viral of the nation’s youngest legislator tearing the bill in two and leading a haka – a ceremonial Māori dance – in parliament.

As the bill was voted down by 112 votes to 11 on Thursday, after an occasionally heated session, politicians from both sides of the house sang a Māori song, or Waiata, in celebration, marking the end of a bitter public debate.

“This bill hasn’t been stopped, this bill has been absolutely annihilated,” said Hana-Rāwihti Maipi-Clarke, the MP who led the parliamentary haka during the earlier debate.

The Treaty Principles Bill sought to define the principles of the Treaty of Waitangi – an agreement signed between the British Crown and a group of indigenous Māori leaders in the 1840s, which formalized New Zealand as a British colony and reserved Māori land and customary rights.

Its proponent, David Seymour, argued parliament needed to define the principles of the treaty because definitions currently only existed in a series of court rulings made over decades – rather than in an act of parliament.

His ACT Party – a minority party in the right-wing governing coalition – believes the current law has led to a society where Māori have been afforded different rights and privileges to non-Māori in New Zealand.

Opponents said the courts had already settled the principles of the treaty and that the draft list Seymour put forward would erode indigenous rights and harm social cohesion.

Speaking in parliament on Thursday, Labour MP Willie Jackson called the bill “right-wing obscenity, masquerading as equality.”

Labour’s leader Chris Hipkins, the former prime minister, said the debate would be a “stain on the country” and called the proposed law change a “grubby little bill, born of a grubby little deal.”

The bill was allowed to pass through to the select committee stage because the ACT Party had made it a condition of the coalition deal that helped put Prime Minister Christopher Luxon’s ruling National Party into power.

But the Nationals and the other party in the coalition, New Zealand First, never agreed to support the bill beyond the select committee stage. Luxon had tried to publicly distance himself and his party from it.

Despite the overwhelming opposition, Seymour has vowed to “never give up” on his efforts to change the law.

“The idea that your race matters is a version of a bigger problem, it’s part of that bigger idea that our lives are determined by things out of our control,” he said in parliament on Thursday.

‘Cremation day’

Prime Minister Luxon was not present in parliament as the bill was voted down, drawing the ire of those behind the public campaign against it.

“If you’re the leader of this country and you’ve got a Bill in Parliament that had 300,000 submissions made on it, which broke every single record by a country mile, you would think that the leader of our country would want to be in Parliament for an occasion that big,” Tania Waikato, a lawyer for the Toitū te Tiriti campaign, told RNZ.

This post appeared first on cnn.com

King Charles and Queen Camilla paid a surprise visit to the recovering Pope Francis on Wednesday during a state visit to Italy that coincided with the British royal couple’s 20th wedding anniversary.

The pope met privately with the royals, the Vatican said in a statement.

“During the meeting, the Pope expressed his good wishes to Their Majesties on the occasion of their wedding anniversary and reciprocated His Majesty’s wishes a speedy recovery of his health,” the Vatican said.

The 88-year-old pontiff has been recovering from a life-threatening bout of pneumonia which landed him in hospital for five weeks in February and March. Charles, meanwhile, has been battling cancer since last year.

Wednesday’s meeting came as a surprise after Buckingham Palace announced last month that the royals would postpone a planned state visit to the Vatican because of the pope’s ill health.

However, Francis had appeared to be in good spirits Sunday at his first public appearance since being released from hospital just over two weeks ago.

The pope smiled as he greeted crowds in the Vatican, sitting in a wheelchair and wearing what appeared to be a nasal cannula to help with his breathing.

In a photo circulated by the royal family of Francis greeting the royal couple Wednesday, the pontiff was not wearing the breathing aid.

Charles and Camilla are in Italy on a four-day state visit. They received a full ceremonial welcome on Tuesday, meeting President Sergio Mattarella at the Quirinale Palace before viewing a fly-past by aerial acrobatics teams from the Italian and British air forces.

Earlier Wednesday, Charles met Italian Prime Minister Giorgia Meloni and became the first British monarch to address a joint session of the Italian parliament.

The trip comes less than two weeks after Charles was briefly hospitalized after experiencing “temporary side effects” from a scheduled cancer treatment, according to Buckingham Palace. While causing him to cancel a day’s worth of engagements, the king’s side effects were not out of the ordinary, according to a royal source, and he appeared to recover quickly.

In February last year, Charles revealed he had been diagnosed with an unspecified form of cancer and stepped away from public duties for several months for treatment. He resumed official engagements in April last year after doctors said they were “very encouraged” by his progress.

This post appeared first on cnn.com

Global PC shipments rose 9.4% in Q1 2025, totaling 62.7 million units. This spike was driven by fears of new U.S. tariffs. Companies rushed deliveries to avoid increased costs.

Why Global PC Shipments Jumped

Many manufacturers increased their shipments to the U.S. in early 2025. They feared higher import taxes due to potential tariffs. By acting early, they aimed to keep costs down and maintain profit margins.

Big players like Lenovo and HP saw strong results. Lenovo’s shipments to the U.S. jumped by 20%, while HP increased theirs by 13%. These early moves gave them an edge over competitors.

What This Means for the Market

Analysts say this growth may not last. Since many shipments were front-loaded in Q1, future quarters could see weaker performance. Customers might delay purchases due to higher prices and full inventory levels.

The rise in global PC shipments may lead to a short-term oversupply. That could force companies to offer discounts in Q2 and Q3.

How Companies Are Adapting

To reduce future risks, PC makers are changing where they build their products. Many are shifting production out of China to countries like Vietnam and Mexico. This move helps them avoid tariffs and manage costs better.

Conclusion

Q1 2025 saw a sharp increase in global PC shipments. While this boost came from tariff concerns, it also shows how fast companies can adapt. Moving forward, the focus will shift to long-term strategies like supply chain diversification.

Key takeaway: The PC shipments spike in early 2025 may be short-lived, but it highlights the importance of flexibility in today’s trade environment.

Source: Reuters

Related: Technology News | Global Markets

The post Q1 2025 Global PC Shipments Surge on Tariff Fears appeared first on FinanceBrokerage.

As of April 9, 2025, Bitcoin (BTC) is trading at approximately $77,766, marking a significant drop from its January peak of over $109,000. This Bitcoin price dip highlights the heightened volatility in the cryptocurrency market, influenced by growing geopolitical tensions and recent tariff announcements.

Bitcoin Volatility: A Reflection of Global Uncertainty

Bitcoin price dip have always been a hallmark of its market behavior, but recent economic indicators have intensified these movements. The cryptocurrency fell sharply amid a global crypto selloff, with Ether also leading declines. Analysts attribute this to risk-off sentiment in broader financial markets as investors react to rising inflation, interest rates, and the ripple effects of U.S. trade policies.

Data from Yahoo Finance and MarketWatch show that Bitcoin touched an intraday low of $74,772 before recovering slightly. This steep drop comes just weeks after the coin hovered comfortably above the $100,000 mark, signaling increasing trader hesitation.

Tariff Announcements Add Fuel to the Fire

The reintroduction of aggressive U.S. trade tariffs has significantly impacted global markets. In particular, investors fear that escalating trade tensions with China and other nations may trigger another round of economic slowdown. These fears have not spared cryptocurrencies. Despite being considered a hedge against fiat inflation, Bitcoin is still viewed as a risky asset in volatile climates, prompting panic-selling among short-term holders.

Much like traditional equities, the crypto market responded sharply to news of fresh tariffs, with traders offloading high-volatility assets. Analysts suggest that institutional investors, who played a major role in Bitcoin’s surge to all-time highs, are now reassessing their exposure amid macroeconomic headwinds.

Broader Crypto Selloff Led by Ether and Altcoins

Ether (ETH), the second-largest cryptocurrency, saw a similar downward trend, falling more than 5% in the same trading window. Other major altcoins like Solana (SOL), XRP, and Cardano (ADA) also posted significant losses. This coordinated pullback across the crypto landscape underlines the interconnectedness of digital asset markets and investor sentiment.

The crypto fear and greed index, which gauges market emotion, has shifted sharply toward “fear,” reinforcing the cautious outlook across the sector.

Investor Sentiment and Portfolio Rebalancing

The current Bitcoin price dip has prompted both retail and institutional investors to rebalance their portfolios. Many are shifting towards less volatile assets like gold and U.S. treasury bonds, leading to short-term sell pressure in Bitcoin. With upcoming halving cycles and continued interest from global regulators, the long-term trajectory of Bitcoin remains uncertain but still promising for long-term believers.

Expert Opinions and What Comes Next

Market strategists from Barron’s and Bloomberg suggest that this dip may be temporary, especially if inflation and interest rates stabilize in the coming months. Some see the correction as a healthy reset, paving the way for sustainable future growth. Others warn that if geopolitical tensions worsen, Bitcoin could revisit sub-$70K levels.

Investors are encouraged to monitor developments in the global economic landscape, including central bank actions and trade negotiations, which will undoubtedly shape Bitcoin’s next moves.

Conclusion: A Temporary Setback or Trend Reversal?

Bitcoin’s price dip below $80,000 in April 2025 signals a broader market correction triggered by trade war fears and shifting economic policies. However, history shows that Bitcoin has often rebounded stronger after periods of doubt. Whether this is a short-term drop or a longer-term reset, one thing is certain: Bitcoin continues to mirror the complexities of the global financial landscape, and investors must stay informed and adaptable.

Key takeaway: As global tariffs return and inflation lingers, Bitcoin’s short-term volatility may persist. Long-term investors, however, still view dips as potential entry points into a decentralized future.

Source 1: Yahoo Finance

Source 2: Yahoo Finance

Source 3: MarketWatch

Source 4: Barron’s

The post Bitcoin Price Dip Below $80K Amid Trade Tariff Fears appeared first on FinanceBrokerage.

Major offtake and funding deal to advance development and exploration activities

American West Metals Limited (American West or the Company) ( ASX: AW1) is pleased to announce that the Company has entered into a binding agreement with global metal trading and advisory group Ocean Partners Holding Ltd (OP or Ocean Partners) which will comprise an equity investment in American West as well as project development funding and copper-silver offtake to OP for the Storm Copper Project.

  • US$3.5m Royalty funding brought forward. Taurus Mining Royalty has agreed to advance the US$3.5m second tranche of the Royalty payment based on the positive Storm PEA results, with payment of US$2.8m to be made to American West this month

Dave O’Neill, American West’s Managing Director, said:

“We are very pleased to announce a strategic partnership and funding package for the Storm Copper Project which secures the long-term future of the Project. This is another significant milestone for Storm and continues to position Storm as the next potential copper mine in Canada, joining other very successful base metal mines in the region such as Polaris (22Mt @ 14.1% Zn, 4% Pb) and Nanisivik (18Mt @ 9% Zn, 0.7% Pb)

“American West’s ability to attract and partner with global companies like Ocean Partners speaks volumes to the high-quality of the Project and the management team, and emphasises the low-risk pathway to potential development.

“Ocean Partners’ existing partnerships and experience with ore-sorting and direct shipping ore (DSO) copper products are a natural fit with Storm and will help strengthen and streamline the technical aspects of the processing work flow for the PFS and beyond.

“On the back of the recently released Storm PEA, Taurus has agreed to advance the second tranche of the royalty payment. This tranche of funding will now be available immediately and demonstrates Taurus’ strong belief in the development and growth potential of Storm.

“The funding package and strategic partnership will allow American West to execute the dual strategy of aggressive exploration and streamlined development during 2025. We look forward to updating investors as the work programs are finalised and get underway.”

Brent Omland, Ocean Partners CEO, also commented:

“We are delighted to be partnering with American West on the Storm Copper Project which is rapidly emerging as a long-life, district-scale copper opportunity. Our shared goal is the timely success of the Project and we look forward to working closely with the American West team as they continue to make significant advances through process innovation and resource growth. Ocean Partners has extensive experience in marketing and trading DSO into global markets and are confident in the marketability and attractiveness of the Storm copper-silver product.”

Click here for the full ASX Release
This post appeared first on investingnews.com

Highlights

  • Attributable resource to CEL 6.9 Moz AuEq2 across El Guayabo (100%) and Colorado V (50%).
  • Significant upside remains: The resource is based on drilling 5 of the 15 major anomalies, with all 13 anomalies drilled returning mineralisation.
  • Completion of exploration in Ecuador enables the Company to commence the value realisation process, including strategic divestment options.
Commercial Advantages of the Project
  • Large-Scale Opportunity: The updated MRE positions Challenger Gold’s Ecuador assets among the largest undeveloped gold resources in South America, with 567Mt @ 0.50g/t AuEq for 9.1Moz AuEq on a total project basis.
  • Premium High-Grade Core Enhances Economics: The resource includes a higher-grade core of 2.1 Moz @ 1.0g/t AuEq, including 1.2 Moz @ 1.2g/t AuEq, offering potential for early-stage production and strong cash flow generation.
  • Strategic Location Validates District Potential: The projects are adjacent to Lumina Gold’s 20.5Moz Cangrejos project4 , which recently secured a $300M financing deal with Wheaton Precious Metals, confirming the district’s world-class potential as a globally significant gold-copper region.
  • Development-Ready Infrastructure: Located just 35km from a deepwater port with existing power, water, and road access on granted Mining Leases, the project benefits from reduced development costs and logistical efficiencies.

Value Realisation Strategy for Ecuador

Challenger Gold Limited plans to unlock the value of its Ecuador assets through several strategic options:

  • Strategic Sale: Divest the assets outright which could generate immediate capital for advancing Challenger’s flagship Hualilan Gold Project in Argentina.
  • Farm-In Partnership: Partner with a major mining company to fund development while retaining exposure through royalties or equity participation.

Focus on the Hualilan Gold project The upgraded MRE concludes Challenger Gold Limited’s exploration program in Ecuador, enabling the Company to focus entirely on advancing its flagship Hualilan Gold Project in Argentina, which features:

  • A total resource of 2.8Moz AuEq1 , including a high-grade core of 1.5 Moz @ 5.6g/t AuEq1
  • Mineralisation which remains open in all directions
  • This cashflow will be allocated towards the construction of the standalone Hualilan Gold project
  • Positioning Hualian as one of South America’s premier near-term production opportunities

Monetisation of the Ecuador assets will ensure shareholders benefit directly from both value realisation in Ecuador and production growth at Hualilan.

Commenting on the resource, CEL Managing Director, Mr Kris Knauer, said

“I would like to congratulate our exploration team in Ecuador for their outstanding work in doubling project resources from 4.5Moz to 9.1Moz AuEq, including a high-grade core of 2.1Moz at 1.0g/t AuEq.

This resource update represents a transformational milestone for Challenger Gold shareholders, enabling us to move forward with unlocking significant value from our Ecuador assets while focusing entirely on bringing our flagship Hualilan project into production.

This is only the beginning for the asset – the current resource is based on drilling just five of fifteen major anomalies identified across our Ecuador projects, with all thirteen anomalies drilled so far returning significant mineralisation.’

Click here for the full ASX Release

This post appeared first on investingnews.com

Private specialty chemicals company Maverick Metals has raised US$19 million in a seed funding round led by Olive Tree Capital to accelerate the commercialization of its flagship lixiviant technology, LithX.

Unlike traditional acid-based processes, LithX enables cost-effective, ambient temperature leaching of refractory ores like chalcopyrite, unlocking metals previously considered uneconomical or too environmentally burdensome to process.

“As the US accelerates its push for domestic critical metals production, LithX provides a scalable, commercially viable path to securing essential materials,” said Eric Herrera, co-founder and CEO of Maverick.

The US$19 million funding round includes participation from high-profile investors such as Y Combinator, Hanwha Group, Liquid 2 Ventures, Nomadic Venture Partners, Soma Capital and TechNexus Venture Collaborative.

The capital will enable the company to expand pilot deployments in collaboration with major mining companies and scale its commercialization efforts.

Meeting rising metals demand with tech solutions

Global copper demand is expected to double by 2035, reaching approximately 50 million metric tons annually, driven largely by energy transition technologies, electric vehicles and infrastructure development.

But even as mining companies race to keep pace, challenges like declining ore grades, environmental restrictions and rising costs continue to limit production.

Maverick states that its proprietary lixiviant works at ambient temperatures and neutral pH levels, offering a safer, cheaper and more sustainable alternative to traditional acid leaching.

The technology enables the recovery not only of copper, but also valuable by-products such as molybdenum, gold, silver and even rare earths from a variety of unconventional sources — including tailings, smelter slag and coal fly ash.

According to Maverick, its LithX technology has demonstrated a range of benefits that could reshape the economics and the overall environmental footprint for metals processing.

For instance, the technology increases recovery rates at ambient temperatures, significantly reducing energy costs. It also eliminates the need for acid addition, offering a safer and more sustainable alternative to traditional methods.

In addition, Maverick notes that the process mitigates the risk of acid contamination and hazardous reagent exposure, enhancing worker safety — a key concern in traditional mining operations.

“We are pleased to announce our investment in and support of Maverick Metals,” said Nichola Eliovits, managing partner at Olive Tree Capital, in the company’s release. “We believe LithX has the potential to significantly increase the range of viable resources available to help alleviate global supply constraints.”

While copper remains a primary focus, LithX has shown versatility for a range of critical metals, such as high lithium extraction from spodumene and enhanced rare earths and gallium recovery from minerals like allanite and monazite.

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

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