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TORONTO, ON TheNewswire – June 19, 2025 Silver Crown Royalties Inc. (‘ Silver Crown ‘, ‘ SCRi ‘, or the ‘ Company ‘) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce the signing of a Letter of Intent (‘ LOI ‘) with Kuya Silver Corp. (CSE: KUYA; OTCQB: KUYAF; FSE: 6MR1) (‘ Kuya ‘ or ‘ Kuya Silver ‘) to acquire a 4.5% royalty on silver produced from Kuya’s Bethania Silver Mine in Huancavelica, Central Peru.

The Bethania Silver Mine, which resumed production in May 2024, includes the Bethania Mine and Carmelitas property and is accessible year-round via a 4-hour drive from Huancayo. The Bethania Silver Mine was previously operational until 2016.

Under the terms of the LOI, Silver Crown will acquire the royalty for US$3,000,000 in cash and US$2,000,000 in Silver Crown units at C$6.50 per unit (the ‘ Units ‘) or the 5-day volume-weighted average price (VWAP) of SCRi’s common shares (the ‘ Common Shares ‘) prior to closing. Each Unit will consist of one Common Share and one-half of a warrant, with each whole warrant exercisable at C$13.00 per Common Share for a period of three years.

SCRi will receive: (i) 4,500 ounces of silver per quarter for the first four (4) quarters, (ii) 9,000 ounces per quarter for quarters five (5) through eight (8), and (iii) 12,375 ounces per quarter for quarters nine (9) through 40. After delivering 475,000 ounces, the royalty will reduce to 1% for the mine’s remaining life.

Peter Bures, Silver Crown’s Chairman and Chief Executive Officer, commented, ‘We are excited to initiate a partnership with Kuya Silver that can potentially translate to a materially impactful increase to SCRi’s silver revenue profile paving a way from 78,000 to over 128,000 annual silver ounces.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to: the anticipated execution of a definitive agreement with Kuya Silver; expected silver deliveries under the proposed royalty; the potential for exploration bonuses; projected increases in SCRi’s silver revenue profile; the successful completion of due diligence and regulatory approvals; the ability to finance the cash portion of the transaction; the future operational performance of the Bethania Silver Mine; and the realization of strategic and financial benefits from the proposed royalty acquisition.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Since Israel began its concerted attack on Iran, calls for regime change have grown louder, with US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu raising the possibility of targeting Tehran’s all-powerful leader, Ayatollah Ali Khamenei.

Many Iranians have firsthand experience with the United States enforcing a regime change in their country.

Here’s what happened:

Oil fields: In 1953, the US helped stage a coup to overthrow Iran’s democratically elected prime minister Mohammad Mossadegh.

He had pledged to nationalize the country’s oil fields – a move the US and Great Britain saw as a serious blow, given their dependence on oil from the Middle East.

Height of the Cold War: The move to nationalize was seen as popular in Iran and a victory for the then-USSR.

Strengthen Shah rule: The coup’s goal was to support Iran’s monarch, Mohammad Reza Pahlavi, to rule as Shah of Iran, and appoint a new prime minister, Gen. Fazlollah Zahedi.

The coup: Before the coup, the CIA, along with the British Secret Intelligence Service (SIS), helped foment anti-Mossadegh fervor using propaganda. In 1953, the CIA and SIS helped pull pro-Shah forces together and organized large protests against Mossadegh, which were soon joined by the army.

US cash: To provide Zahedi, the country’s new prime minister, with some stability, the CIA covertly made $5,000,000 available within two days of him taking power, documents showed.

US acknowledgement: In 2013, declassified CIA documents were released, confirming the agency’s involvement for the first time. But the US role was known: Former President Barack Obama acknowledged involvement in the coup in 2009.

It backfired: After toppling Mossadegh, the US strengthened its support for Pahlavi to rule as Shah. Iranians resented the foreign interference, fueling anti-American sentiment in the country for decades.

Islamic Revolution: The Shah became a close ally of the US. But in the late 1970s, millions of Iranians took to the streets against his regime, which they viewed as corrupt and illegitimate. Secular protesters opposed his authoritarianism, while Islamist protesters opposed his modernization agenda.

The Shah was toppled in the 1979 Islamic revolution, which ended the country’s Western-backed monarchy and ushered in the start of the Islamic Republic and clerical rule.

This post appeared first on cnn.com

The United States appears to be moving closer to joining Israel’s conflict with Iran with a possible strike on the country’s key nuclear facilities – including the Fordow Fuel Enrichment Plant, which is hidden deep inside a mountain.

Days into Israel’s attacks on Iran and its nuclear program, Israeli leaders are waiting to learn whether US President Donald Trump will help them finish the job.

“I may do it, I may not do it. I mean, nobody knows what I’m going to do. I can tell you this, that Iran’s got a lot of trouble and they want to negotiate. And I said, why didn’t you negotiate with me before all this death and destruction,” Trump told reporters at the White House on Wednesday.

Iran experts warn that a US attack on Iran could draw it into a quagmire even more challenging than the wars in Iraq and Afghanistan – a drawn-out confrontation that could last the duration of Trump’s presidency and exact a heavy toll on American lives and resources at Israel’s behest.

Tehran may not be able to sustain a long fight with the US, but it won’t be an easy war for Washington either, he said.

“Iran is a very large country, which means there would be a very large number of targets the United States would have to hit to take out Iran’s ability to strike back,” Parsi said, noting that this would be happening when there isn’t widespread support for a war with Iran in Trump’s own camp.

“Once you open up this Pandora’s box, we have no idea where things go,” Geranmayeh said. “Trump has, in the past, stepped back from the brink of war with Iran, he has the ability to do so again.”

Iran is ‘not one to surrender’

The Islamic Republic already sees the US as complicit in Israel’s attacks on Iran, saying the Israelis are attacking it with American weapons; and some Iranian officials have said that Tehran has already prepared itself for a “full-blown, drawn-out war.”

On Wednesday, Supreme Leader Ayatollah Ali Khamenei said Iran would not back down, a day after Trump called for “UNCONDITIONAL SURRENDER!” in a social media post.

“Let the Americans know that the Iranian nation is not one to surrender, and any military intervention on their part will undoubtedly result in irreparable damage,” Khamenei said in a national address.

Direct US involvement in the conflict could see Iran activate what remains of its proxies across Iraq, Yemen and Syria, which have previously launched attacks on American assets in the region.

Knowing that it can’t outright win a conflict against Israel and the US, experts say Tehran could seek to engage in a war of attrition, where it tries to exhaust its adversary’s will or capacity to fight in a drawn-out and damaging conflict, as it did during the decade-long war it fought with Saddam Hussein’s Iraq in the 1980s.

“The Iranian strategy may end up being just to try to sustain themselves, strike back as much as they can, and hope that Trump eventually tries to cut the war short, as he did in Yemen,” Parsi said.

After months of strikes on Yemen’s Iran-backed Houthi rebels, the US in May struck a ceasefire deal with the group, to Israel’s dismay.

“Here is how Tehran sees a chance of winning such a war of attrition,” Abdolrasool Divsallar, senior researcher at the UN Institute for Disarmament Research, wrote on X. “Benefiting in the long term from its offensive capabilities and exhausting US-Israel combined defense forces.”

“US entrance into this war is a bad and costly decision for everyone,” Divsallar added.

Not the end of the nuclear program

In a Persian language post directed at Trump on X, former Iranian nuclear negotiator Hossein Mousavian, who now lives in New Jersey, called on the president to be a “president of peace,” warning that a strike on Fordow would be both fruitless – as Iran has probably moved some of the advanced centrifuges to other locations – and likely to push Iran to a seek a nuclear bomb.

“With one wrong decision, you may not only be responsible for Iran’s decision to build a nuclear bomb, but also lead the United States into a war whose consequences for the American people will be far more damaging than the US attacks on Afghanistan and Iraq,” Mousavian wrote.

Parsi said if Iran’s nuclear program is destroyed, it could just be a matter of time to build a bomb should the government choose to do so.

“The Iranians have the knowhow and capacity to rebuild everything,” Parsi said. “All it (an attack) does is that it sets it back while dramatically increasing Iran’s motivation to build a nuclear weapon.”

Fordow is seen as the most difficult and sought-after target for Israel in its desire to destroy Iran’s nuclear infrastructure. But what exactly is inside the secretive facility is unclear, Parsi said.

“The main enrichment was taking place in Natanz (nuclear facility). Fordow was doing other things, more research,” he said, adding that it’s not entirely clear where Iran keeps its stockpile of enriched uranium.

Whether a US strike can successfully destroy the complex that is hidden deep in a mountain close to the holy city of Qom also remains unclear.

Fordow’s main halls are an estimated 80 to 90 meters (around 262 to 295 feet) underground – safe from any aerial bomb known to be possessed by Israel.

Yechiel Leiter, Israel’s ambassador to the US, has said that only the US Air Force has the weapon that can destroy the site. But analysts caution that there’s no guarantee that even America’s “bunker buster” bomb – the GBU-57/B, known as the Massive Ordnance Penetrator – could do the job.

Potential radioactive fallout?

Israel’s relentless bombing of Iran and its nuclear facilities has raised regional concern about potential radioactive fallout, which could spread far beyond Iran’s borders should a nuclear plant be struck.

Iran has only one nuclear power plant, located in the southeastern city of Bushehr – and Israel has not targeted it.

Scott Roecker, the vice president for Nuclear Materials Security at the Nuclear Threat Initiative, said there wouldn’t be a major radiation dispersal risk at Fordow “because that enriched uranium is fresh, as we call it in the industry.”

“It’s not been run through a reactor, and so you wouldn’t have radiation spread out over a large area, like you would, for example, if they would bomb Bushehr, the operational nuclear power plant, that would result in the dispersal of a lot of radiation.”

“It’d be localized around the site, and because it’s buried underground too, I don’t know you know how much of that would even be released,” Roecker added.

Behnam Ben Taleblu, a senior director at the Iran program at the Foundation for Defense of Democracies (FDD), a Washington, DC-based pro-Israel think tank, described the potential damage as being a chemical problem – a different kind of fallout than bombing a nuclear reactor.

There would be some concern, he said, but noted the risk is not as large as hitting a live reactor.

This post appeared first on cnn.com

Hackers stole the equivalent of roughly $90 million from Iran’s largest cryptocurrency exchange on Wednesday, according to multiple independent crypto-tracking firms.

A skilled pro-Israel hacking group known as “Predatory Sparrow” took credit for the cyberattack, which appeared to be aimed at further weakening Iran amid Israeli’s military strikes on Tehran.

In a post in Farsi on X, the hackers said that they had hit Iranian crypto exchange Nobitex, claiming that Iran used the exchange to skirt international sanctions. And in an extraordinary move, the hackers may have effectively thrown the stolen crypto away by transferring it to digital “wallets” that they don’t have control over, according to multiple cybersecurity experts.

Nobitex acknowledged the incident in a statement on its website on Wednesday, saying that access to the crypto exchange had been “suspended,” as a precaution, until further notice. Crypto-tracking firms Elliptic and TRM Labs confirmed the crypto was stolen and sent to “wallets” or crypto accounts, with an expletive that referenced Iran’s Islamic Revolutionary Guard Corps (IRGC).

In a separate hack on Tuesday, Predatory Sparrow said it had destroyed data at Iran’s state-owned Bank Sepah, claiming IRGC members used the bank’s services as a justification for the action. Iran’s state-affiliated Fars news agency warned of potential disruptions to bank services at gas stations.

The pair of stunning cyberattacks mark an escalation in Israel and Iran’s years-long shadow war in cyberspace, where the arch-enemies — or their supporters — have conducted digital spying and data-destroying attacks for tactical advantage.

Predatory Sparrow has emerged in the last five years to claim spectacular cyberattacks that have previously disrupted an Iranian steel mill and payments at Iranian gas stations. The hackers cast themselves as anti-government Iranian hacktivists but are widely suspected among cybersecurity experts of having ties to Israel.

Much of the cyber activity in recent days, as Israel and Iran trade missile strikes, appears aimed at sowing panic in the two countries. Israelis, for example, have received mass text messages impersonating authorities that claim that bomb shelters aren’t safe.

The Iranian government, meanwhile, has warned citizens not to use the WhatsApp messaging service out of fear that Israel was collecting information from those chats. A spokesperson for Meta, which owns WhatsApp, has called those claims false and underscored that WhatsApp messages are end-to-end encrypted.

This post appeared first on cnn.com

Hurricane Erick powered up into a Category 3 major hurricane Wednesday evening as it bore down on the southern Mexico coast, threatening to unleash destructive winds, flash floods and a dangerous storm surge on the region in coming hours, forecasters said.

Swiftly strengthening from a Category 1 hurricane hours earlier, Erick had maximum sustained winds of 125 mph (200 kph) by nightfall as it churned offshore about 55 miles (85 kilometers) southwest of Puerto Angel, the Miami-based U.S. National Hurricane Center said.

Erick was also about 125 miles (200 kilometers) southeast of Punta Maldonado and moving northwest at 9 mph (15 kph) toward an expected landfall sometime Thursday morning, according to the center’s latest advisory. A major hurricane is defined as Category 3 or higher and wind speeds of at least 111 mph (180 kph). Forecasters said further strengthening is expected and devastating wind damage is possible near where the eye crashes ashore.

Acapulco warily eyes the approaching hurricane

The projected path would take its center near the resort of Acapulco, which was devastated in October 2023 by Hurricane Otis, a Category 5 hurricane that rapidly intensified and caught many unprepared. At least 52 people died in Otis and 32 were missing, after the storm severely damaged almost all of the resort’s hotels.

In Acapulco on Wednesday, there was a strong presence of National Guard and police in the streets, but most visible were trucks from the national power company. Crews worked to clear drainage canals and brush.

Some beaches were already closed, but tourists continued to sunbathe on others hours earlier as the storm gained strength well offshore.

On a beach in Acapulco, a line of people waited for the help of a backhoe to pull their boats out of the water.

Adrián Acevedo Durantes, 52, hauls tourists around Acapulco’s picturesque coastline in boats. Two of his boats sank in Hurricane Otis and a third was badly damaged.

“We’re taking precautions because with Otis we never expected one of that magnitude to come and now with climate change the water is warmer and the hurricanes are more powerful,” Acevedo said.

This time the port administration ordered that no one ride out the storm aboard their boats. During Otis many lost their lives by staying on boats in the harbor, which had traditionally been how they ensured their safety during previous storms. He said knew some of those lost at sea.

He acknowledged that it was sunny and the water calm Wednesday afternoon, making it hard to imagine a major storm was on the way, but said “with Otis it was calm all day, sunny, then at midnight there were two hours of strong winds and we saw what had happened the next day.”

Some rush to finish storm preparations

Francisco Casarubio, a 46-year-old choreographer, carried a carton of eggs as he did some last-minute shopping ahead of the storm. He planned to pick up rice, beans and some canned food as well.

His home flooded and lost power in Otis and said he was taking Erick more seriously, but hadn’t had time to shop until Wednesday.

Forecasters said Erick was expected to lash Mexico’s Pacific coast with heavy rain, strong winds and a fierce storm surge. Rains of up to 16 inches (40 centimeters) could fall across the Mexican states of Oaxaca and Guerrero, with lesser totals in Chiapas, Michoacan, Colima and Jalisco states, the center’s advisory said. The rainfall threatened flooding and mudslides, especially in areas with steep terrain.

A hurricane warning was in effect from Acapulco to Puerto Ángel. A hurricane warning means hurricane conditions are expected in the area, and preparations to protect life and property should be rushed to completion, according to the hurricane center advisory.

Down the coast in Puerto Escondido near the southern edge of Erick’s possible path, some fishermen began pulling their boats out of the water under a drizzling sky Wednesday.

Surfers ignore red flag warnings to ride the waves

Even though the wind had yet to pick up at the Zicatela beach, red flags were up to warn people to stay out of the water. But some surfers ignored them as they continued to ride waves.

Laura Velázquez, Mexico’s national civil defense coordinator, said Erick was forecast to bring “torrential” rains to Guerrero, Oaxaca and Chiapas in southern Mexico. The mountainous region along the coast is especially prone to mudslides with numerous rivers at risk of flooding.

Guerrero Gov. Evelyn Salgado said all schools were closed Wednesday and the state had alerted all of the fishing and tourism operators to make their boats storm-ready. Acapulco’s port closed Tuesday evening. Salgado said 582 shelters were set to receive people who might evacuate their homes.

President Claudia Sheinbaum warned in her daily briefing that those in the hurricane’s path should heed government instructions and wait out the storm in their homes or designated shelters.

Erick quickly doubled in strength

Having doubled in strength in less than a day, Erick was churning through an ideal environment for quick intensification. Last year, there were 34 incidents of rapid intensification — when a storm gains at least 35 mph in 24 hours — which is about twice as many as average and causes problems with forecasting, according to the hurricane center.

This post appeared first on cnn.com

Leaving hospital with wounds still fresh, the sole survivor of last week’s Air India plane crash solemnly carried the coffin of his brother, performing the last rites for a life lost in the deadly disaster.

Vishwash Kumar Ramesh, a 40-year-old British national, appeared overcome with grief as he led the funeral procession through the streets of the western Indian coastal town of Diu on Wednesday.

Ramesh, who was discharged from hospital a day prior, had bandages on his face from cuts and bruises sustained after flight AI171 traveling to London’s Gatwick Airport from the western city of Ahmedabad plunged to the ground seconds after takeoff last Thursday, killing 241 people on board.

How Ramesh escaped with a few wounds is being described as nothing short of a miracle.

“I don’t know how I survived,” he told Indian state broadcaster DD News while in the hospital, explaining how he unbuckled himself from his seat in 11A – an emergency exit seat – shortly after the crash and walked away from the scene.

“For some time, I thought I was going to die. But when I opened my eyes, I realized I was alive,” he said.

He and his brother, who had been sitting a few rows away, had been returning to the UK after spending a few weeks visiting family in India.

Video of Ramesh stumbling from the crash has been viewed widely on news channels and across social media. Flames can be seen billowing behind him, with thick plumes of smoke rising high into the sky.

Authorities tasked with identifying the victims’ bodies have described just how difficult that process has been. High temperatures from the burning fuel left “no chance” to rescue passengers, India’s Home Minister Amit Shah said, making bodies difficult to recognize.

The Boeing 787 Dreamliner was carrying 125,000 liters – enough to last a 10-hour flight from Ahmedabad to London – but it crashed less than a minute after takeoff, plunging into a hostel for medical students, killing several on the ground.

As of Thursday, more than 150 bodies have been handed over to loved ones, according to health officials, with funerals taking place in various cities across the country.

Investigators, meanwhile, are looking at the wreckage to determine what could have caused one of the worst air crashes India has seen in decades.

A mayday call from the cockpit was made to air traffic control shortly before the crash, Indian civil aviation authorities said.

Both black boxes, the plane’s cockpit voice recorder and flight data recorder, are now being analyzed for valuable clues that could help determine the cause. India’s Aircraft Accident Investigation Bureau are leading the probe into the crash with assistance from the United Kingdom and the United States, as well as officials from Boeing.

The Indian government has also set up a separate high-level committee to examine what led to the crash. The committee is expected to file their preliminary findings within three months.

Air India – the country’s flagship carrier – said on Wednesday it is conducting safety inspections across all of its Boeing 787-8/9 aircraft fleet.

“Out of total 33 aircraft, inspections have now been completed on 26 and these have been cleared for service, while inspection of the remainder will be complete in the coming days,” it said in a statement on X.

Meanwhile, it has reduced international services on its widebody aircraft by 15% due to the ongoing inspections and the conflict in the Middle East, it added.

For days, families of victims have gathered near morgues awaiting to collect the bodies of their loved ones and searching for answers.

Grieving families

As Ramesh laid his brother to rest Wednesday, another family around 160 miles south in the city of Mumbai, performed burials for four members killed in the crash.

Imtiaz Ali Syed, 42, whose brother Javed, sister-in-law, nephew and niece were on board the Air India flight, said he received their bodies from authorities in Ahmedabad and brought them to the family’s hometown on Wednesday.

Syed’s sister, who also lives in the UK, took a direct flight from Mumbai to London, he said. But Javed and his family were on a different flight via Ahmedabad.

He described his disbelief when he learned that Javed was on the ill-fated Air India plane. “Someone woke me up and said a plane crashed in Ahmedabad and asked me to check what flight Javed was on,” Syed recalled.

Syed fondly described his brother as someone who was “always available” for their family.

“He looked after my grandmother’s medicines, he looked after my mother, he would take care of our sister,” he said, describing the unbearable pain of losing Javed.

“Within a week or fifteen days, or a month, maybe he will call,” Syed said. “Telling me he is somewhere.”

This post appeared first on cnn.com

Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.

This video originally premiered on June 17, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound.

Its Monday (June 16) rise is a 9.7 percent gain from the previous week’s close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing.

The financing was upsized to US$200 million the same day ‘as a result of strong investor demand.’

Sprott (TSX:SII,NYSE:SII), acting on behalf of the trust, confirmed the agreement, which will see Canaccord Genuity Group (TSX:CF,OTC Pink:CCORF) purchase 11,600,000 units of the trust at a price of US$17.25 each.

The offering, expected to close by June 20 pending regulatory approvals, will fund purchases of uranium oxide concentrates and uranium hexafluoride, in line with the trust’s mandate to hold physical uranium.

The news sparked a rally in uranium stocks on Monday.

On the TSX, major miner Cameco (TSX:CCO,NYSE:CCJ) rose just over 6.5 percent, while NexGen Energy (TSX:NXE,NYSE:NXE) was up 8 percent. Uranium Energy (NYSEAMERICAN:UEC) was up 12.64 percent in the US, and Denison Mines (TSX:DML,NYSEAMERICAN:DNN) jumped 14.8 percent on the TSX.

In Australia, Deep Yellow (ASX:DYLASX:DYL,OTCQX:DYLLF) surged more than 21 percent, while Boss Energy (ASX:BOE,OTCQX:BQSSF) jumped nearly 18 percent and Paladin Energy (ASX:PDN,OTCQX:PALAF) climbed over 15 percent amid investor optimism that the fresh capital injection could tighten the uranium spot market.

The Sprott trust, launched in 2021 and often referred to as SPUT, has been a key player in physically sequestering uranium from global markets, helping to reduce available supply and influence spot pricing trends.

After reaching a 14 year high of US$82 in early 2024, uranium prices trended downward, falling as low as US$64.30 this year. Despite the consolidation phase, experts believe the long-term outlook is positive.

The deal marks one of the most significant capital raises for uranium buying in 2025, and reflects growing institutional confidence in the long-term viability of nuclear energy as part of the clean energy transition.

SPUT’s move also comes amid momentum in US uranium policy. In late May, US President Donald Trump signed a series of executive orders aimed at revitalizing America’s nuclear energy sector. The orders are intended to ramp up domestic uranium production to meet growing power demands, especially from artificial intelligence data centers.

Tech giants like Microsoft (NASDAQ:MSFT), Google and Amazon (NASDAQ:AMZN) have all done nuclear power deals for data centers, honing in on nuclear as a viable solution for their zero-carbon baseload energy needs.

For now, Sprott’s buying spree offers a test of how tight the uranium market really is. With settlement set for later this week, attention will turn to whether its uranium purchases trigger further positive price activity.

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

This post appeared first on investingnews.com