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A burgeoning new sporting trend inspired by the biggest and hardest full contact hits in American football and rugby has proved deadly, and there’s now calls for it to be banned.

Branded by an organized league as “the world’s fiercest, new collision sport,” Run It Straight games see two people sprint directly towards each other for a high-impact collision, with no protective gear. Whoever dominates wins.

Tens of thousands of dollars are offered up as prize money in organized events in New Zealand and Australia and the game has become a social media craze with teenagers trying it out at home, with fatal consequences.

Ryan Satterthwaite died in hospital on Monday after a backyard challenge went tragically wrong in the small city of Palmerston North. New Zealand Police said the 19-year-old suffered a serious head injury.

Pete Satterthwaite said when he saw local news reports about Run It, he thought the game was a “stupid idea” and instinctively knew that “someone is going to get seriously hurt.”

He just wasn’t expecting it to be his own nephew.

“The ultimate aim is to hurt your opponent, run over the top of him … you’re leading with your shoulder, leading with your head,” he said. “Regardless of whether they have medical staff on site and everybody has a test, it’s still the most stupid thing I’ve ever seen.”

New Zealand Prime Minister Christopher Luxon urged people not to take part in the tackling game, calling it a “dumb thing to do.”

“You’re hearing the advice from police, from the medical fraternity, from government, from principals saying don’t do it,” Luxon told local media on Friday, adding that organizers of formal events should stop them.

“To the adults that are involved in more formal organization of it and are influencing it and leading this out on social media, I think you need to stop and I can’t be any clearer,” Luxon said.

Following calls for the tackling game to be banned, New Zealand’s sport minister Mark Mitchell said on Friday he had sought advice on what measures the government can take to crack down on what he labelled “unregulated activities that pose a significant level of risk.”

‘Built to break limits’

The Run It Straight game combines elements of American football and rugby – two sports that have tackling in common but with distinct rules to protect players.

Footballers wear a helmet and thick padding to withstand high-impact tackles on the whole body except the head and knees. Rugby players take the field without helmets and with no, or little, padding, while tackles are only allowed below the shoulders.

The new game has been popularized in part by by a company called RUNIT Championship League, which says the game was “born to go viral” and claims to have “taken social media by storm with tens of millions of views.” CEO and owner Charizma, whose real name is Christian Lesa, says the concept started when he was hospitalized and struggling with mental health, according to an interview with Australian public broadcaster ABC.

Lesa said he was inspired by YouTuber Donald De La Haye, nicknamed “Deestroying,” a Costa Rican-American professional football player who would pit players 1-on-1 for viral clicks. He replicated the concept in Australia and the tournament-like event has spread across New Zealand and the Pacific islands.

As followers and subscribers grew on YouTube, Instagram and TikTok, RUNIT began hosting championships where participants bull run into each other and the last one standing takes home a cash prize.

The finals of the RUNIT league were scheduled in June with 200,000 New Zealand dollars (around $118,800) up for grabs.

‘Risk of death’

Run It Straight-type collisions are more than five times the force of a rugby tackle, according to Professor Patria Hume from Auckland University of Technology, who warned there was a high risk of brain injury or death.

“Ryan’s death was preventable. It was a backyard copycat of the Runit events which have been designed for social media impact,” Hume said.

“Runit lacks the structure, safety protocols, and purpose of traditional sports. While rugby, boxing, and MMA are inherently physical, they are governed by rules designed to minimize harm and protect athletes.”

“It’s not about the head hitting the ground, it’s the impact,” she said.

A RUNIT Championship League spokesperson said in a statement that it does not encourage “any copying of the sport” saying it should only be done under “strict conditions.”

Alarm bells had already been ringing about the game before the death of Ryan Satterthwaite. Two men were knocked unconscious, with one of them going into a seizure, during a Runit league event at Auckland’s Trusts Arena last week.

“Safety of all participants at our venue is paramount and we therefore made the decision not to allow any future Runit events to take place at The Trusts Arena.”

High-contact sports like rugby and rugby league are hugely popular in New Zealand and the death of Satterthwaite has put pressure on sporting bodies to take a stronger stance on the Run It Straight trend.

New Zealand Rugby issued a statement warning people “not to take part in Run It Straight games or competitions as they carry significant risk of serious injury.”

“Those wanting to play contact sports should register for a school or club team and learn in a controlled and safe environment how to tackle safely and the art of evasion,” the statement said.

A number of New Zealand schools have moved to ban students from playing the game on school grounds and it has also been banned from some public parks in the country’s biggest city, Auckland, by a local council board.

David Bovey, rector of Palmerston North Boys’ High School which Ryan Satterthwaite attended several years ago, said he had been planning to warn his students about the risks of playing Run It Straight on campus before he heard about Ryan’s death.

“It’s an absolute tragedy… you can almost say something like this was almost going to happen,” Bovey told RNZ, adding he received the news just 20 minutes before he was due to address the students on Monday.

“Teenage boys are terrible at thinking about consequences and they never think anything is going to happen to them and so, you know, something like this I think really hit home in terms of the message we are trying to give the boys – ‘this is something I shouldn’t be doing.’”

This post appeared first on cnn.com

When Nigerian American actor-singer Rotimi and Tanzanian pop star Vanessa Mdee first met in 2019, it was the beginning of a love story that neither of them expected.

That first encounter six years ago could be straight from a rom-com. They had both just performed at the Essence Festival of Culture in New Orleans and ended up at the same Spotify afterparty – neither one particularly eager to be there. But fate had other plans.

“She was sitting on a pool table,” Rotimi laughs. “The lights were glowing and beaming, and I just thought, ‘Yo, who is this?’”

A friend of Rotimi made the introduction, which led to several hours of deep conversation. Within days, they were inseparable. A long-distance relationship began – Vanessa in Tanzania, Rotimi in Atlanta, Georgia, in the US – and she came to visit not long after. “I never left,” Vanessa says with a grin.

Love in lockdown

While the Covid-19 pandemic forced much of the world into stillness, for Rotimi and Vanessa, it became a sacred time. “I really thank God because he was creating an environment for us to really dive deep into getting to know each other on a very intimate and spiritual level,” Vanessa reflects.

At the encouragement of Rotimi, she booked a flight to the US for a mini vacation, but it became an extended stay due to travel restrictions.

“If I had been a day late, we wouldn’t have been able to see each other for the period of nine-plus months during which the borders were locked,” she says.

The lockdown forced them both into a much-needed break.

“I came onto the scene at the age of 18 years old, so I had been working well into my 30s at this point and I had never taken time off,” Vanessa adds.

The timing was also divine for Rotimi, who had just released the hit “In My Bed.”

“For me, during that time, if the world was open and my record ‘In My Bed’ had just come out, I would have been moving around touring for the whole run of that song, still doing what I needed to do, and my mind wouldn’t have been on anything else,” he says.

That time off allowed something deeper than fame to grow, the couple says, sparking a journey toward faith, family and purpose.

“God wanted me to sit down and heal a lot of things,” Rotimi adds, “and He blessed me with the opportunity to learn this woman.”

From fame to faith

Vanessa, once one of East Africa’s biggest music stars, made headlines when she walked away from the industry at the height of her career in 2020. But the decision wasn’t impulsive – it was deeply spiritual.

“For me, (the music industry) was depleting my mental, spiritual, emotional and physical health in many ways. I turned to many different vices that were not good for me as a person,” she says.

“It got to a point where the music industry became extremely toxic for me. I’m not saying it’s everybody’s story; it’s my story.”

Today, she co-leads “For The Better,” the couple’s faith-based wellness app and community, where she mentors women across the globe through Bible studies, prayer circles, and now a women’s conference.

“I just want every time I step out and do something to be meaningful, purposeful, and effective,” she adds.

Rotimi, whose real name is Olurotimi Akinosho, has embraced a life beyond the spotlight, although he continues to build his career with his current role as Pastor Charles on the Showtime series “The Chi” while releasing new music.

“The job is to be a vessel,” the 36-year-old says. “God works in mysterious ways; it’s not a cookie-cutter approach – it’s more of a roundabout way.”

A ‘kingdom marriage’

Their love is both bold and deeply rooted. Married in 2021, they refer to their relationship as a “kingdom marriage,” grounded in their shared faith.

“We’re not perfect,” Vanessa says. “But we know who’s at the center of it all: God.”

Together, they are raising two children and navigating a blended cultural household where Yoruba, Swahili and American traditions harmonize.

“(The children) know they’re 50% Tanzanian and 50% Nigerian, and they can champion that,” Rotimi says. “It’s about giving our kids roots and wings.”

“Building a strong foundation for our children requires a lot of time, commitment, and being very present – like playing with the kids, nurturing their skills, and honing their crafts while giving them a strong foundation in Christ,” adds Vanessa.

From love-centered music and wellness apps to Bible studies, it’s clear Rotimi and Vanessa feel they are on a mission that reflects a deeper calling. However, when asked if ministry was in their future, the couple was uncertain.

“It would be foolish for us to say no, but it’s too early to say yes,” Rotimi says.

“I just know that whatever we do, it’s going to be for His glory,” Vanessa adds.

This post appeared first on cnn.com

North Korea has sent soldiers and millions of munitions, including missiles and rockets, to Russia over the past year, according to a new report by an international watchdog, which details the extent to which Pyongyang has helped Moscow “terrorize” Ukraine’s population over its three-year war.

The report was released Thursday by the Multilateral Sanctions Monitoring Team (MSMT), an initiative made up of 11 United Nations members, formed after Russia forced the disbandment of a previous UN panel that monitored the implementation of sanctions against North Korea.

While some of the team’s findings have been well documented – such as North Korea sending troops to fight for Russia – the report lays out the stunning scope and scale of weaponry sent from Pyongyang since Russia’s invasion of Ukraine.

That includes as many as 9 million rounds of artillery and ammunition in 2024; more than 11,000 troops last year, and another 3,000 troops in the early months of this year; rocket launchers, vehicles, self-propelled guns and other types of heavy artillery; and at least 100 ballistic missiles “which were subsequently launched into Ukraine to destroy civilian infrastructure and terrorize populated areas such as Kyiv and Zaporizhzhia,” the report found, citing participating states.

“These forms of unlawful cooperation between (North Korea) and Russia contributed to Moscow’s ability to increase its missile attacks against Ukrainian cities including targeted strikes against critical civilian infrastructure,” the report said.

In return, Russia provided North Korea with various valuable pieces of weaponry and technology, including air defense equipment, anti-aircraft missiles, electronic warfare systems and refined oil, the report said.

Moscow has also provided data feedback on Pyongyang’s ballistic missiles, helping improve its missile guidance performance, it said.

These actions “allow North Korea to fund its military programs and further develop its ballistic missiles programs, which are themselves prohibited under multiple (UN Security Council resolutions), and gain first-hand experience in modern warfare,” the report found.

It said its findings were based on MSMT participating states and cited supporting evidence from the Open Source Centre (OSC), a UK-based non-profit that uses publicly accessible information for research, and Conflict Armament Research (CAR), a UK-based research organization.

Both Russia and North Korea are violating the UN arms embargo and are transferring arms and military equipment through actors and networks that evade sanctions, the report alleged. The two countries will likely continue their military cooperation “at least for the foreseeable future,” it added.

In a joint statement, the member nations behind the MSMT – Australia, Canada, France, Germany, Italy, Japan, the Netherlands, New Zealand, South Korea, the United Kingdom and the United States – urged North Korea to “engage in meaningful diplomacy.”

Western governments have become increasingly concerned about the long-term implications of what appears to be a deepening strategic partnership between the two nations.

In recent months, the US has warned that Russia may be close to sharing advanced space and satellite technology with North Korea in exchange for continued support for the war in Ukraine.

Russian President Vladimir Putin acknowledged in April for the first time that North Korean soldiers took part in the fighting to recover Russian territory after Ukraine’s incursion into the Kursk region last year. North Korea also confirmed its troop presence there for the first time in April.

Though North Korean troops had been deployed to Kursk since at least November, they withdrew from the front lines in January after reports of mass casualties, Ukrainian officials said.

Both countries have denied that Pyongyang is supplying arms to Moscow, despite overwhelming evidence. However, as part of a landmark defense pact struck last year, they have both pledged to use all available means to provide immediate military assistance in the event the other is attacked.

Putin has warned he would provide arms to Pyongyang if the West continues arming Ukraine.

In recent weeks, Ukraine’s allies have lifted a ban on Kyiv firing long-range missiles into Russia, after days of Russia bombarding the Ukrainian capital and other regions with massive aerial attacks and as the US grows increasingly frustrated with Putin over the lack of a peace deal.

This post appeared first on cnn.com

Kiwi Zhang, a computer science student from China, was full of hope for his academic future in the United States – until his visa was revoked at the US border last week.

The first-year PhD student at a university in central US had just presented his research at a conference in Asia. He was returning to the US after a brief visit home when his American dream was abruptly cut short.

According to Zhang, he was detained at the border for 48 hours by US officials, who confiscated his phone and laptop, and searched his belongings. He said they questioned him about his ties to the Chinese Communist Party and meetings with friends while in China.

At the end of the interrogation, Zhang said he was deported and barred from the US for five years, on suspicion of having shared his research with the Chinese government – an allegation he denies. He is now back in China and mulling his next steps.

Now, many Chinese students studying in the US fear they could meet the same fate, after President Trump’s administration vowed on Wednesday to “aggressively revoke visas for Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.”

The announcement by Secretary of State Marco Rubio was brief and vaguely worded, but it sent shock waves through China, triggering widespread confusion, anxiety and fear among current and prospective students and their families, as well as strong opposition from Beijing.

Student chat groups lit up with messages of disbelief. Education consultants were flooded with panicked phone calls. Many students aired their frustration and anger on social media.

At a regular news conference Thursday, China’s foreign ministry accused the Trump administration of using ideology and national security as a “pretext” for the “politically motivated and discriminatory” move.

Suddenly, hundreds of thousands of young Chinese minds, drawn by the prestige of a world-class education and the allure of the American dream, found themselves facing a stark reality: the future they had worked so hard for now hangs in the balance, held hostage by the whims of a US administration that increasingly views them – and their homeland – as a threat.

“What strikes me is how tiny individuals are in the tide of history – career plans can collapse overnight,” said Joyce, who received an offer from her dream school, Harvard, to pursue a master’s degree in architecture.

Her visa from her undergraduate program in the US is still valid for another year, but she did not dare to return to China for the summer, worrying that she might be denied reentry at the US border.

“I can’t help wishing I’d grown up in a golden age of US-China relations,” she said.

Growing mistrust

For decades, China’s brightest minds have flocked to America, as their home country played catch-up with the world’s leading superpower. Until last year, Chinese students made up the largest group of international students in the US, contributing significantly to the economy and helping America maintain its competitive edge in scientific research and technological innovation.

But as strategic rivalry between the two nations intensifies, mistrust has deepened. Both sides have ramped up national security measures and grown more protective of their advanced technologies – particularly in sensitive sectors with military implications.

During his first term in 2020, Trump introduced a ban that effectively denied US visas to graduates in the science, technology, engineering and mathematics (STEM) fields from Chinese universities believed to be linked to the military. Within just three months, more than 1,000 Chinese nationals had their visas revoked, and the order remained in place under former President Joe Biden.

They include David Yang, whose heart sank when he saw Rubio’s announcement. “This is just too surreal,” said the second-year PhD student in theoretical chemistry at a top university in the Midwestern US.

“When the news broke, some classmates said they were working on their final assignments but completely lost the motivation to continue. I felt the same way,” he said.

In recent weeks, Yang has found it nearly impossible to focus on his research, simulating how molecules interact with each other in the human body. Instead, he’s been glued to the news, anxiously tracking Trump’s escalating war on elite universities and international students, trying to gauge whether he might land in the crossfire.

Last week, the Trump administration barred Harvard University from enrolling international students, accusing the prestigious institution of “coordinating with the Chinese Communist Party,” among other allegations.

Although a federal court has since blocked the move, the State Department soon followed with a diplomatic cable instructing US embassies and consulates worldwide to halt new student visa appointments.

As Yang scrolled through the headlines, periods of anxiety would suddenly hit, and he found himself compulsively refreshing news sites over and over.

“I felt sad, lost and helpless. It’s been incredibly stressful,” he said. “The constant policy changes bring so much uncertainty into our lives. It really impacts productivity and, over time, takes a toll on your mental health – and for me, it already has.”

Worried about his visa, Yang is planning on canceling his trip home this winter. His major could well fall under what Rubio called “critical fields” and – like millions of Chinese students – he’s a member of the Communist Youth League, a youth branch of the 99-million-strong Communist Party for those aged between 14 and 28.

In China, most students are Youth League members by the time they finish high school, or have party members among family and friends – thanks to the party’s ubiquity across government and business, as well as cultural and social sectors.

“The vast majority of people in China have some connection to the Communist Party – so this is essentially the same as condemning all Chinese students with a single stroke,” Yang said.

Zhang, the student whose visa was revoked at the border, said US officials asked whether anyone in his family was a member of the Communist Party. He told them both of his parents were. They then questioned him about his own affiliation with the Communist Youth League, he said.

“I said I’ve never had any connection with them. The Communist Youth League charges us seven or eight yuan (about $1) a year, but there are no activities at all. But the officials said: ‘You are lying.’ I honestly didn’t know what to say. I could only sit there, stunned,” Zhang said.

Other alternatives

Facing potential deportation in the middle of their hard-won education, some Chinese students are considering other options.

Ella Liu, a math undergraduate at the University of Michigan, is visiting family in the southern city of Guangzhou before her summer research project in the US starts next month.

“Me and my parents are all praying that I won’t be banned from entering the country in June,” she said.

Liu was drawn to the US by its academic freedom and resources. But if the hardline visa policy continues, she might consider transferring to another university in Europe or Hong Kong.

“I am very determined to study mathematics and there are also many excellent math resources in other countries, such as in France,” she said.

Like many Chinese students, Liu comes from a middle-class family. Her parents saved for years for her to attend college in the US, where tuition and living costs can run to more than $80,000 – much more than getting a degree in Europe or Asia.

Some Chinese students are already looking elsewhere. In recent years, the number of Chinese students in the US has steadily declined from a peak in the 2019-2020 school year – a drop that coincides with the Covid-19 pandemic but also increasing friction between the two governments.

Nelson Urena Jr., co-founder and director of college counseling at an education management firm in Shanghai, said that for years many Chinese families saw American universities as the “gold standard” for college education.

Since around 2018, however, he has noticed more interest from students and parents alike in universities in the United Kingdom, Canada and Australia, as well as the semi-autonomous Chinese city of Hong Kong.

“A lot of families were concerned legitimately about their children’s safety, and then also just the rhetoric of, you know, whether they’re welcome in the US,” he said, citing issues such as gun violence and racist hostility or even violence against Asian people.

“More recently, I think people are starting to see the growing disconnect between the US and China, and feeling like maybe things are going to be more difficult for them – from getting the visa to making payments for tuitions.”

Rubio’s announcement Wednesday also vowed to “revise visa criteria to enhance scrutiny of all future visa applications” from China, including Hong Kong.

Since then, Urena has been inundated by phone calls from anxious students preparing to start their college education in the US. But he didn’t have a ready response for them.

“It’s just a lot of uncertainty right now. The students are trying to figure out what to do…The options are very limited at this point – Do they do a gap year? Do they go to university elsewhere? Do they have to go back to the application process?” he said.

Nevertheless, for some Chinese parents, the allure of American higher education has not worn off.

Arno Huang, a 56-year-old businessman from China’s coastal Fujian province, still wants to send his kids to the US for graduate schools after they finish undergraduate studies in Hong Kong.

“The US represents one of the most civilized, developed, and open places for humanity. Although US-China relations are currently strained, smart people still recognize this fact,” said Huang.

Having kids studying in the US gives a family “face,” he said, using a common Chinese phrase to refer to good reputation or social standing. “Once their child is in the US, they can proudly tell others, ‘Look how successful my son is!’”

Zichen Wang, a research fellow at the Center for China and Globalization, a non-government think tank in Beijing, lamented a seemingly bygone era, when Chinese officials, entrepreneurs and scientists alike were trained in the US – especially those who played key roles during China’s reform and opening-up era that began in 1978.

“When they returned to China, they brought back not only professional knowledge and credentials, but also a deep respect and admiration for America as an open and inclusive society,” he said.

“I believe many Chinese people see what makes America great not merely as its economic or military strength, but its openness – its world-class universities, its confidence in the marketplace of ideas, and its ability to attract top global talent,” Wang added.

“That, at least in my view, is what many people around the world truly admire about the United States.”

This post appeared first on cnn.com

In this video, Joe analyzes which sectors to focus on when selecting new stocks. He demonstrates how to use the 18-period simple moving average (SMA) on monthly, weekly, and daily charts to identify the strongest stock patterns and the best timeframes to trade. He then provides chart analysis on the QQQ, IWM, and Bitcoin, before reviewing this week’s symbol requests submitted by viewers.

The video premiered on May 28, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Silver investors are usually interested in which countries produce the most ounces of the metal.

After all, if a nation is producing an abundance of the white metal, many mining companies are likely operating there, and profitable investment opportunities may be available.

However, it’s also worth looking at silver reserves, which are a country’s economically mineable silver supply. In general, the world’s largest global silver producers also have high silver reserves that are worth learning about, but some countries with high silver reserves are not mining much of the metal.

Where there’s room to grow silver mine supply, there may be money to be made as well. For that reason, precious metals investors should also be aware of which countries may eventually become silver supply powerhouses.

With that in mind, here’s an overview of top silver countries by reserves. All information is based on the US Geological Survey’s most recent data on silver.

1. Peru

Silver reserves: 140,000 metric tons

Peru holds the top spot for the highest silver reserves in the world with a staggering 140,000 metric tons (MT). The country remains a silver mining heavyweight, producing 3,100 MT in 2024 — down slightly from 2023 but still among the highest globally.

While primarily a copper operation, the Antamina mine in the province of Huari produces more silver than any other asset in Peru. The major mine is a joint venture between BHP (ASX:BHP,NYSE:BHP,LSE:BHP), Glencore (LSE:GLEN,OTC Pink:GLCNF), Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) and Mitsubishi (OTC Pink:MSBHF,TSE:8058). An approved US$2 billion investment seeks to extend Antamina’s operational life from 2028 to 2036, with construction expected to begin in 2025 following recent environmental approval.

In April 2025, Canadian miner Endeavour Silver (TSX:EDR,NYSE:EXK) acquired Minera Kolpa for US$145 million in a cash-and-stock deal. The acquisition grants it control over the Huachocolpa Uno mine in the Huancavelica region, making it Endeavour’s first producing asset in Peru. The mine produced about 2 million ounces of silver in 2024.

2. Russia

Silver reserves: 92,000 metric tons

Russia holds 92,000 MT in silver reserves, placing it second on the global list. It produced an estimated 1,200 MT in 2024, down slightly from the previous year.

Despite geopolitical complications and sanctions affecting its broader economy, Russia continues to maintain a strong position in silver mining and mineral resource development. Its silver is often extracted as a by-product of other mining operations, particularly in copper and polymetallic deposits.

In 2023, the Dukat mine in Magadan Oblast, led national production with 7.7 million ounces, followed by the Lunnoye-Arylakh mine at 4.8 million ounces.

However, the spotlight in 2024 and 2025 is on the Prognoz mine, a new open-pit operation in Russia’s Far East previously owned by Polymetal International. Once fully operational, it is projected to contribute 5 million to 7 million ounces of silver annually.

3. China

Silver reserves: 70,000 metric tons

China is currently home to 70,000 metric tons of silver reserves, putting it in third place for silver reserves by country globally after being bumped from its long-held second place by Russia.

In 2024, the country produced 3,300 MT of silver — slightly down from 3,400 MT in 2023. As the global race for critical minerals intensifies, China has found itself in a strategic resource rivalry with the United States.

The majority of silver is produced as a by-product in China, but the Ying Mining District in Henan Province is China’s largest primary silver-producing operation. Operated by Silvercorp Metals (TSX:SVM,NYSEAMERICAN:SVM), the Ying mine yielded approximately 6.43 million ounces of silver in its fiscal 2025 and has a mine life through 2037.

At the end of 2024, Silvercorp completed the construction of a new tailings storage facility and a 1,500 MT per day flotation production line at Ying. These upgrades raised the district’s milling capacity to over 1.3 million metric tons per year.

4. Poland

Silver reserves: 61,000 metric tons

Poland takes the fourth spot for silver reserves with 61,000 metric tons of silver. The country produced 1,300 MT in 2024, slightly below the previous year’s 1,320 MT.

At the heart of Poland’s silver sector is KGHM Polska Miedź (WSE:KGH), a state-controlled copper and silver producer that has made international headlines. According to the 2025 World Silver Survey, the company’s KGHM operation is the largest silver producer in the world, and the firm was the second largest silver-producing company globally last year.

The firm produced 1,341 MT of silver in 2024, with most of the output refined at the Głogów copper smelter.

5. Mexico

Silver reserves: 37,000 metric tons

Mexico remains the world leader in silver production, and the country also hosts significant silver reserves totaling 37,000 metric tons.

Newmont’s (TSX:NGT,NYSE:NEM) Peñasquito mine in Zacatecas ranks as the second-largest silver mine in Mexico and the fifth largest in the world. Additionally, Endeavour Silver’s Pitarrilla project in Durango stands out as one of the largest undeveloped silver deposits globally, with an indicated resource of 491.6 million ounces of silver.

More top silver countries by reserves

Peru, Russia, and Russia lead the world with the largest silver reserves, but several other nations also hold significant silver resources:

  • Australia — 27,000 MT
  • Chile — 26,000 MT
  • United States — 23,000 MT
  • Bolivia — 22,000 MT
  • India — 8,000 MT
  • Argentina — 6,500 MT

The remaining countries not listed above combine to hold a total of 57,000 MT of silver reserves, according to the US Geological Survey. The total world figure for silver reserves sits at 550,000 MT.

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

This post appeared first on investingnews.com

Critical minerals and energy company QEM Limited (ASX: QEM) is pleased to announce that it has received firm commitments to raise A$2.05 million (before costs) via a Placement to institutional and sophisticated investors.

Highlights:

  • Firm commitments secured to raise A$2.05 million via a well- supported Placement to accelerate development of the Julia Creek Vanadium and Energy Project (JCVEP).
  • Leadership transition: Founding MD & CEO Gavin Loyden to retire at the end of FY25, after 11 years of visionary leadership.
  • New appointment: Seasoned global mining executive Robert Cooper named incoming CEO and MD to lead the Company into its next growth phase.

The Placement proceeds will fund key workstreams to advance the Julia Creek Vanadium and Energy Project (JCVEP) — one of the world’s largest co-located vanadium and oil shale resources—as it progresses into the Pre-Feasibility Study (PFS) phase.

Leadership Transition to Drive Next Stage of Growth

With the Company entering a new stage of development, Managing Director and CEO Gavin Loyden has advised that he will retire at the end of the current financial year.

Mr Loyden founded QEM in 2014 and has been instrumental in shaping the Company’s vision, securing the Julia Creek asset, and progressing it into a nationally significant critical minerals project.

Gavin Loyden, Managing Director, said:“With the Company now in a strong cash position, ready for commencement of a PFS on the Julia Creek Project, and after a total of 11 years since founding QEM in 2014, now is the perfect time for me to retire and hand over leadership to a highly experienced global mining executive. I am very happy that the Company has been able to attract a new CEO with the global credentials that Robert brings to QEM and I’m excited for the future of the Company.”

QEM Chair Tim Wall added;“On behalf of the Board and shareholders, I sincerely thank Gavin for his vision, leadership, and tireless contribution in realising the strategic ambition he set in 2014—to establish QEM as a leading critical minerals and energy fuel supplier unlocking world-class resources in NW Queensland.”

Incoming CEO: Robert Cooper

The Board is pleased to announce the appointment of Robert Cooper as QEM’s new CEO and Managing Director, commencing July 2025.

Mr Cooper brings over 30 years of global mining experience, including senior executive leadership and non-executive board roles across the resources and battery materials sectors. He most recently served as MD/CEO of New Century Resources, and prior to that, as CEO of Round Oak Minerals, a wholly owned subsidiary of Washington H. Soul Pattinson (ASX:SOL). He has held senior roles with Discovery Metals, BHP, and has been a NED at Novonix (ASX:NVX), Syndicated Metals, and Verdant Minerals.

Tim Wall, Chair, said:“I welcome Robert Cooper as QEM’s CEO to lead the next phase of our development. His deep technical, strategic, and commercial background in global metals exploration, project development, and operations—along with his experience in the battery materials space—stand him in strong stead to lead QEM through this next chapter.”

Click here for the full ASX Release

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Strategic financing deepens alignment with industry leader as Quimbaya advances drill-ready Colombian gold portfolio

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya Gold’ or the ‘Company’) is pleased to announce that it intends to complete a non-brokered private placement of up to 5,714,286 units of the Company (each, a ‘Unit’), at a price of C$0.35 per Unit, to raise gross proceeds of up to approximately C$2,000,000 (the ‘Offering’), including a lead order of C$500,000 from Mr. Serafino Iacono, an influential figure in Colombian mining, Co-founder of Gran Colombia Gold Corp. (now Aris Mining Corporation) and Executive Chairman of Denarius Metals Corp.

Each Unit will be comprised of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant (a ‘Warrant‘). Each Warrant will entitle the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months from the issuance date of the Offering. The remaining Units issued under the Offering will be limited to other strategic investors with deep experience in Latin American exploration and project development.

‘Seeing our hard work over the past few years recognized by industry leaders like Serafino Iacono is a real validation of our strategy and our assets,’ said Alexandre P. Boivin, CEO of Quimbaya Gold. ‘With strong exploration results, a drill-ready portfolio, and the right people around the table, we’re incredibly excited about what lies ahead, especially as we prepare to kick off drilling at Tahami South. This is a pivotal moment for Quimbaya, and we’re just getting started.’

Strategic Alignment and Validation

The participation of Mr. Iacono, who played a pivotal role in the revival of the Colombian gold sector, signals high conviction in Quimbaya’s assets and leadership. His investment marks a strong endorsement of the Company’s solid Portfolio and in particular its drill-ready Tahami Project in the Middle Cauca Belt, one of Colombia’s most prolific gold districts.

‘I believe Quimbaya is uniquely positioned at the intersection of geology, timing, and leadership. The team is aligned, the land is exceptional, and in this rising gold environment the moment is now,’ said Mr. Iacono. ‘I’m excited to support a company that understands what it takes to build a real gold story in Colombia.’

The net proceeds raised from the sale of the Units will be used for general exploration expenses and for general working capital purposes. Completion of the Offering is subject to applicable regulatory approvals. All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period in accordance with applicable securities laws. The Offering is expected to close on or about June 6th 2025.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States, nor shall there be any sale of such securities in any State in which such offer, solicitation or sale would be unlawful.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Jason Frame, Manager of Communications jason.frame@quimbayagold.com +1-647-576-7135‎

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering, including its timing, intended closing date, intended use of proceeds and intended gross proceeds, any expected issuance of the Units or the Shares and Warrants which comprise them, a commitment by any person to purchase Units pursuant to the Offering, receipt by the Company of any applicable regulatory approval, the future plans for the Company, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Offering as described herein will close on terms materially similar to the terms described herein. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

Neither CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253731

News Provided by Newsfile via QuoteMedia

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In what is believed to be the largest European pre-seed funding round of the year, UK fintech startup Velocity has emerged with US$10 million in early backing to develop a stablecoin infrastructure platform.

The initiative is aimed squarely at large enterprises grappling with outdated cross-border financial systems.

The round, led by US-based Activant Capital, brings together global investors and fintech insiders, underscoring growing confidence in stablecoins as a practical tool for enterprise-grade settlement — not just crypto speculation.

Founded by payments veterans Tom Greenwood (Volt, IFX) and Eric Queathem (Worldpay, McKinsey & Company), Velocity aims to modernize the back-end plumbing of global money movement.

Rather than displacing traditional finance, the startup sees itself as a connective layer between banks and the blockchain, offering modular infrastructure that enables businesses to operate seamlessly across fiat and digital currencies.

“We’re not chasing crypto hype,” Greenwood, who serves as CEO, said in a statement. “We’re leveraging stablecoins to remove friction, accelerate settlement, and drive improved performance in real-world financial operations.”

That friction remains a massive challenge in today’s corporate finance landscape.

Large businesses routinely rely on patchwork systems for international payments, liquidity and currency management — often involving multiple banking partners, outdated software and opaque fees.

Velocity says it is addressing that complexity with a programmable, artificial intelligence-enabled platform that integrates stablecoins into traditional financial operations without requiring companies to overhaul their existing systems.

Greenwood and Queathem bring decades of experience to the table. Greenwood previously founded Volt, a fintech firm focused on real-time payments, and IFX, a foreign exchange and payments firm. Queathem spent nearly 10 years at Worldpay, where he led global strategy during its expansion into both legacy and crypto-enabled markets.

“We’ve experienced first-hand the financial complexity of operating a global business — the fragmentation of providers, the lack of transparency, and the workarounds,” said Queathem, who holds the position of president.

“Velocity is built to eliminate that friction with infrastructure that scales, adapts, and solves the real-world problems large enterprises face every day when moving and managing money around the world.”

Their pitch appears to have resonated with investors who see a broader shift underway. Fuel Ventures (LSE:FVV), Triton Capital, Fabric Ventures, Commerce Ventures and Preface Ventures all joined the round, alongside strategic angels from companies like Visa (NYSE:V), PayPal (NASDAQ:PYPL), Circle and Alphabet (NASDAQ:GOOGL).

For lead investor Activant Capital, the startup’s timing aligns with what it sees as a generational opportunity to reshape how capital flows. “Tom and Eric bring the rare technical depth and regulatory fluency needed to build and scale a product like this,” said Andrew Steele, partner at Activant, in Wednesday’s (May 28) release.

“We’ve shared this vision for years — and now is the time to bring it to life.”

Far from being a headwind, Velocity sees that regulatory movement as validation that the infrastructure moment for stablecoins has arrived. While Velocity hasn’t disclosed specific clients or product launch dates, early pilot programs are underway, with large enterprises exploring digital treasury functions and cross-border liquidity optimization.

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

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The platinum price has surged over 20 percent year-to-date, propelled by a sharp rebound in Chinese demand and a tightening global supply picture that analysts say may signal a prolonged market deficit.

On May 23, platinum closed at US$1,098.40 per ounce, its highest level since May 2023, and a 22 percent increase from its year-to-date low US$892, seen on April 8. The rally, which has accelerated in recent weeks, comes amid renewed investor interest in precious metals, stark supply-side constraints and a changing global demand profile.

China has emerged as a key force behind platinum’s surge, with imports in April jumping 47 percent month-on-month to 10 metric tons, the highest in a year, according to Chinese Customs data.

“In the first quarter of this year alone, given the exceptionally high gold price, gold jewelry sales in China were down 32 percent year-on-year, and platinum jewelry sales were up 26 percent,” he emphasized.

Gold touched US$3,500 per ounce last month, pricing many Chinese buyers out of the market. Platinum, currently trading at a significant discount, is increasingly being seen as an attractive alternative, both for investment and jewelry.

“China’s a market that can pivot really quickly,” Sterck added, noting that platinum bars, coins and jewelry are now being marketed aggressively across social media platforms like TikTok.

This renewed Chinese interest aligns with broader structural issues in the platinum-group metals (PGMs) market, as detailed in a recent report by research firm Metals Focus. It notes that all five PGMs — platinum, palladium, rhodium, iridium and ruthenium — ended last year in physical deficit. Platinum alone saw a second consecutive year of shortfall, with Metals Focus placing total global production at 5.77 million ounces, still well below the 2010 to 2021 annual average.

Behind the deficit lies a mix of supply disruptions, weak mine productivity and building demand.

Sterck underscored the severity of the shortfall seen in Q1, saying it was the largest in six years. It was driven by flooding in South Africa, smelter outages in Zimbabwe and operational restructuring in North America.

Even though South African output rose above 4 million ounces for the first time since 2021, much of that gain was attributed to the release of built-up work-in-process inventories rather than fresh production.

The constrained supply has had ripple effects across investment channels. Platinum secondary supply — which primarily comes from recycled jewelry and autocatalysts — rose just 1 percent last year.

In Asia, jewelry recycling volumes fell, and while autocatalyst recycling improved 9 percent due to higher scrappage rates and incentives in China, it remained insufficient to close the gap.

When it comes to demand, the auto sector, traditionally the largest consumer of PGMs, saw overall fabrication demand fall 4 percent to 12.14 million ounces in 2024. This decline marked the first drop since the COVID-19 pandemic, and was largely due to a 2 percent decrease in catalyzed vehicle production amid the rise of battery electric vehicles.

Industrial demand, on the other hand, was under pressure, falling 2 percent year-on-year. The biggest hit came from a 27 percent drop in chemical applications, particularly in China’s paraxylene sector, a key component in plastic production.

Against this backdrop, speculative positions in platinum have also helped drive recent price movements.

Sterck explained that in the first quarter of 2025, a confluence of market expectations and policy shifts — particularly related to US import tariffs — created arbitrage opportunities for traders.

“There was a lot of uncertainty as to whether tariffs would apply to platinum and other PGMs,” he explained, adding that the flow of metal into the US caused strong contangos in NYMEX futures markets, boosting Q1 investment figures.

Although aboveground stocks of platinum remain elevated, they are being gradually drawn down, and continued mine cutbacks could eventually tip the market further into deficit territory.

Sterck tempered this outlook with caution: “It feels like, as that range is pinching out, we’re definitely getting to a point where it seems highly likely the price will begin to reflect the underlying deficits. So we’ll have to wait and see.”

Metals Focus projects an average platinum price of US$970 for 2025 — a modest increase from last year’s average — but notes that volatility could return if investor sentiment sharpens or supply disruptions worsen.

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

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