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Spain’s government said Tuesday that the massive April power outage across Spain and Portugal that left tens of millions of people disconnected in seconds was caused by technical and planning errors that left the grid unable to handle a surge in voltage.

Ecological Transition Minister Sara Aagesen, who manages the nation’s energy policy, told reporters that a voltage surge led to small grid failures, mainly in the south of Spain, which then cascaded to larger ones and brought the system down in the two Iberian Peninsula nations.

She ruled out that the failure was due to a cyberattack.

The outage began shortly after noon on April 28 in Spain and lasted through nightfall, disrupting businesses, transit systems, cellular networks, internet connectivity and other critical infrastructure. Spain lost 15 gigawatts of electricity — or about 60% of its supply. Portugal, whose grid is connected to Spain’s, also went down. Only the countries’ island territories were spared.

“All of this happened in 12 seconds, with most of the power loss happening in just five seconds,” Aagesen said.

Several technical causes contributed to the event, including “poor planning” by Spain’s grid operator Red Eléctrica, which didn’t find a replacement for one power plant that was supposed to help balance power fluctuations, the minister said. She also said that some power plants that utilities shut off preventively when the disruptions started could have stayed online to help manage the system.

Power was fully restored by the early hours of the following day.

The government’s report will be released later on Tuesday – 49 days after the event – and included analysis from Spain’s national security agencies, which concluded, according to the minister, there were no indications of cyber-sabotage by foreign actors.

The government had previously narrowed down the source of the outage to three power plants that tripped in southern Spain.

In the weeks following the blackout, citizens and experts were left wondering what triggered the event in a region not known for power cuts. The outage ignited a fierce debate about whether Spain’s high levels of renewable power and not enough energy generated from nuclear or gas-fired power plants had something to do with the grid failing, which the government has repeatedly denied.

Spain is at the forefront of Europe’s transition to renewable energy, having generated nearly 57% of its electricity in 2024 from renewable energy sources like wind, hydropower and solar. The country is also phasing out its nuclear plants.

Spanish Prime Minister Pedro Sánchez pushed back against such speculation and defended the country’s rapid ramping up of renewables. He asked for patience and said that his government would not “deviate a single millimeter” from its energy transition plans, which include a goal of generating 81% of its electricity from renewable sources by 2030.

This post appeared first on cnn.com

For the first time since the global outbreak of Covid-19, researchers claim to have pierced North Korea’s ironclad information blockade to reveal how some ordinary citizens endured the pandemic.

While Pyongyang insisted for more than two years that not a single case had breached its hermetically sealed borders, a new report paints a far darker picture, of a deadly wave of largely untreated illness that swept the country, but was barely talked about.

The 26-page report also details testimony of deaths by counterfeit or self-prescribed medicine, and official denial leading to a culture of dishonesty.

“Doctors were lying to the patients. Village leaders were lying to the party. And the government was lying to everybody,” said Dr. Victor Cha, one of the report’s lead authors.

Released by the Washington-based Center for Strategic and International Studies (CSIS) in partnership with the George W. Bush Institute, the paper is based on 100 in-person interviews conducted discreetly inside North Korea between September and December 2023.

The testimony – gathered through informal, conversational methods known as “snowball sampling” – span all nine provinces and the capital Pyongyang. The result is what the authors describe as “arguably the first glimpse” inside the country’s most extreme period of isolation in modern history.

Snowball sampling is a recruitment method often used when studying hidden or hard-to-access populations. Researchers begin by identifying one or two trusted participants, who then refer them to others in their networks. Over time, the pool of participants “snowballs,” growing through word-of-mouth and personal trust.

While it lacks the scientific rigor of more conventional surveys, this method is often the only way of getting raw, subjective testimony from people living in repressive and totalitarian states, such as North Korea.

Cha, a former White House adviser and Korea Chair at CSIS, said the findings were evidence of “a total failure on the part of the government to do anything for the people during the pandemic.”

“Everybody was effectively lying to everybody during the pandemic,” he said. “Because of a government policy that said there was no COVID in the country. When they knew there was.”

Cha said Pyongyang’s policy of denial didn’t just attempt to deceive the outside world – it forced North Korea’s more than 26 million people into mutually enforced silence.

When North Korea closed its borders in early 2020 – as the virus made its way across the globe, on its way to infecting and killing millions – state media claimed it had kept the virus out entirely; no infections, no deaths. The world was skeptical. But the regime’s total control over borders and information made independent verification nearly impossible.

Two years later, North Korean television aired scenes of a military parade in Pyongyang. Crowds filled Kim Il Sung Square. Masks were scarce. Not long after, reports of a mysterious “fever outbreak” began appearing in state media. By early May, Pyongyang confirmed its first Covid-19 case. Three months later, it declared victory – claiming just 74 deaths out of nearly 5 million “fever” cases.

But according to the new survey, Covid-19 had by that point been circulating widely inside the country for at least two years.

Ninety-two percent of respondents said they or someone close to them had been infected. Most said 2020 and 2021 – not 2022 – were when outbreaks were at their worst.

“Fevers were happening everywhere, and many people were dying within a few days,” one participant reported. Another, a soldier, described a military communications battalion in which more than half the unit – about 400 soldiers – fell ill by late 2021. In prisons, schools, and food factories, respondents described people collapsing or missing days of work due to fever.

Even under normal conditions, the country’s isolated and underfunded healthcare system struggles to meet the needs of its people. But a pandemic-level event, coupled with official denial and an initial refusal to accept foreign vaccines, left people dangerously exposed, the report claims.

With virtually no access to testing, diagnoses came from Covid-19 symptoms that most of the world had grown familiar with: fever, cough, shortness of breath. Some respondents said even these symptoms were taboo. One woman recalled being told by a doctor that if she said she had those symptoms, “you will be taken away.” Another said bluntly: “They told me it’s a cold, but I knew it was COVID.”

In place of official care, citizens turned to folk medicine: saltwater rinses, garlic necklaces, even opium injections. One woman said her child died after being given the wrong dosage of adult medication. Another respondent described neighbors overdosing on counterfeit Chinese drugs. In total, one in five respondents reported seeing or hearing of deaths due to misuse of medication or fake pharmaceuticals.

Protective gear was nearly nonexistent. Just 8% of respondents said they received masks from the government. Many made their own, reused them, or bought them at black-market prices. One mother said her children had to sew their own because adult-issued masks were too big.

Cha says the failure was not just in what the government withheld, but in how it blocked the kind of grassroots survival that had helped North Korea’s “resourceful” citizens endure past disasters – including the 1990s famine, known inside the country as the “Arduous March.” That crisis gave rise to private marketplaces, which emerged as a lifeline when the state-run ration system collapsed. During the pandemic, however, those markets were shut down – officially to contain the virus, but also, Cha suggests, to limit the spread of information.

“They didn’t allow the people to find coping mechanisms,” he said. “Just shut them down, quarantine them, lock them down – and then provided them with nothing.”

The suffering extended beyond illness. With internal travel banned and markets shuttered, food shortages became acute. Eighty-one percent of those surveyed said they faced hunger. Respondents spoke of trying to survive quarantine periods with no rations, no access to medicine, and no way to seek help.

The rationing system, long unreliable, collapsed entirely under the weight of the lockdown. “If you didn’t have emergency food at home, it was really tough,” one soldier said.

Eighty-seven percent of respondents said they had no access to Covid tests at any point in the pandemic. Fewer than 20% received any vaccine — and most of those were administered only after Pyongyang acknowledged the outbreak in 2022 and accepted limited Chinese assistance. Soldiers reported receiving three shots as part of a campaign later that year. Civilian respondents described group vaccinations administered at schools or workplaces – months after the rest of the world had rolled out full vaccination programs.

Even the basic act of reporting illness became a risk. According to the report, local clinics and neighborhood watch units were required to report cases to central authorities. But only 41% of respondents ever received any information about those reports. Most said the results were either never shared or filtered through rumor. One respondent said: “I realized that serious illnesses and deaths were not reported because they were told not to call it COVID.”

This system of denial created what Cha calls a “double lie”: the government lied to its people, and the people lied to each other and to their government – each trying to avoid quarantine, censure, or worse.

The survey also documented a deep well of frustration with the regime’s response – and its propaganda. One participant said: “Our country can build nuclear weapons, but they can’t give us vaccines.” Others noted the contrast between their conditions and what they heard about other countries: free testing, access to medicine, the ability to travel.

In one of the report’s most striking findings, 83% of respondents said their experience did not align with what the government or its leader Kim Jong Un told them. More than half said they explicitly disbelieved the regime’s Covid-related announcements.

“When I saw the Supreme Leader touting his love for the people, while so many were dying without medicine,” one respondent said, “I thought of all the people who didn’t survive.”

This post appeared first on cnn.com

India and Canada signaled a reset of relations on Tuesday, agreeing to reestablish high commissions in each other’s capitals, after nearly two years of strained ties following Ottawa’s accusations that New Delhi was allegedly involved in the killing of a Sikh separatist on its soil.

Indian Prime Minister Narendra Modi and his Canadian counterpart Mark Carney, who took office in March, announced the move after meeting on the sidelines of the Group of 7 summit in the Canadian Rockies.

Ottawa and New Delhi agreed to “designate new high commissioners, with a view to returning to regular services to citizens and business in both countries,” according to a statement from Carney’s office following their meeting

The move comes nearly two years after former Canadian Prime Minister Justin Trudeau and other Canadian officials publicly accused New Delhi of being involved in the murder of prominent Sikh separatist and Canadian citizen, Hardeep Singh Nijjar, in a Vancouver suburb in 2023.

Canadian authorities said they shared evidence of that with Indian authorities. However, Indian government officials repeatedly denied Canada had provided evidence and called the allegations “absurd and motivated.”

Relations between both countries plummeted in the wake of the accusation, prompting tit-for-tat diplomatic expulsions, the temporary suspension of visa services and allegations from India of Canada harboring “terrorists” and encouraging “anti-India activities” – a claim the Canadian government rejects.

Carney invited the leaders of several other nonmember countries — Brazil, South Africa, Mexico, Ukraine, Australia and South Korea — to also attend this year’s gathering.

There were no signs of tension on Tuesday as Modi and Carney shook hands in the western Canadian province of Alberta with the Canadian prime minister calling it a “great honor” to host the Indian leader at the G7.

“India has been coming to the G7 I believe since 2018… and it’s a testament to the importance of your country, to your leadership and to the importance of the issues that we look to tackle together,” Carney told reporters.

Modi’s comments toward Carney were similarly welcoming.

“Had an excellent meeting with Prime Minister Mark Carney,” he wrote on X. “India and Canada are connected by a strong belief in democracy, freedom and rule of law. PM Carney and I look forward to working closely to add momentum to the India-Canada friendship.”

The Canadian prime minister’s office said the two discussed opportunities to “deepen engagement” in areas such as technology, the digital transition, food security, and critical minerals.

Neither leader publicly mentioned discussing recent strained relations or the killing of Nijjar.

Nijjar, who was gunned down by masked men in June 2023 outside a Sikh temple in Surrey, British Columbia, was a prominent campaigner for an independent Sikh homeland in northern India, which would be known as Khalistan.

Campaigning for the creation of Khalistan has long been considered by New Delhi as a national security threat and outlawed in India – and a number of groups associated with the movement are listed as “terrorist organizations” under Indian law.

But the movement garners a level of sympathy from some in the Sikh community, especially in the diaspora, where activists protected by free speech laws can more openly demand secession from India.

Some demonstrators expressed outrage over Modi’s visit, while others demanded justice over Nijjar’s killing.

When asked about the murder of Nijjar during a news conference after speaking with Modi, Carney said: “There is a judicial process that’s underway, and I need to be careful about further commentary.”

Carney also told CBC’s Radio-Canada last week that he had spoken with Modi about Nijjar, when asked about the Sikh separatist and ongoing police investigation.

This post appeared first on cnn.com

A volcanic eruption in Indonesia sent an enormous ash cloud more than six miles into the sky, disrupting or canceling dozens of flights to and from the tourist island of Bali.

Mount Lewotobi Laki Laki erupted at 5:35pm local time on Tuesday, unleashing a 6.8-mile (11-kilometer) hot ash column over the tourist island of Flores in south-central Indonesia, the country’s Geology Agency said.

Images showed an orange mushroom-shaped cloud engulfing the nearby village of Talibura with sightings reported up to 93 miles (150km) away.

Officials issued the country’s highest alert and urged tourists to stay away.

Dozens of flights were halted in Bali, according to Denpasar International Airport website, which marked the disruptions “due to volcano.”

They included domestic routes to Jakarta and Lombok as well as others to Australia, China, India, Malaysia, New Zealand and Singapore.

Fransiskus Xaverius Seda Airport was closed until Thursday, “to ensure the safety of the passengers,” airport operator AirNav said in an Instagram post.

Singapore’s Changi Airport website shows Jetstar and Scoot canceled flights to Bali Wednesday morning while AirAsia called off its midday flight to the Indonesian capital.

Holidaymakers Athirah Rosli, 31, and her husband Fadzly Yohannes, 33, woke up this morning to discover that their Jetstar flight home from Bail to Singapore was canceled.

“My husband and I looked at new flights, booked more accommodation and insurance and then had breakfast at our hotel,” she said.

“I see it was a blessing in disguise that we’re safe and well.”

Recent rumblings

The volcano’s eruption follows significant volcanic activities, including 50 in two hours, up from the average eight to 10 activities per day.

The 5,197-foot (1,584-meter) twin volcano erupted again Wednesday morning, spewing a 0.62-mile (1km) ash cloud, officials confirmed.

Dozens of residents in two nearby villages were evacuated, according to Avi Hallan, an official at the local disaster mitigation agency.

A danger zone is in place around five miles (8km) from the crater and residents have been warned about the potential for heavy rainfall triggering lava flows in rivers flowing from the volcano.

Tourists affected

More than a thousand tourists have been affected, particularly those traveling to Bali and Komodo National Park, famed for its Komodo dragons, according to a local tour operator.

Mount Lewotobi Laki Laki’s last erupted in May when authorities also raised the alert level to the most severe.

A previous eruption in March forced airlines to cancel and delay flights into Bali, around 500 miles (800km) away, including Australia’s Jetstar and Qantas Airways.

In November, the volcano erupted multiple times killing nine people, injuring dozens and forcing thousands to flee and flights to be canceled.

Indonesian, home to 270 million people, has 120 active volcanoes and experiences frequent seismic activity.

The archipelago sits along the “Ring of Fire,” a horseshoe-shaped series of seismic fault lines encircling the Pacific Basin.

This post appeared first on cnn.com

In this video, Mary Ellen spotlights breakouts in Energy and Defense, Technology sector leadership, S&P 500 resilience, and more. She then unpacks the stablecoin fallout hitting Visa and Mastercard, highlights Oracle’s earnings breakout, and shares some pullback opportunities.

This video originally premiered June 13, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

With oil prices surging and geopolitical unrest stirring in the Middle East, it’s no surprise that energy stocks are drawing renewed attention. And, quite frankly, this week didn’t have many market-moving earnings. So this week, we skate to where the puck is, or, in this case, where traders’ eyes will be focused—the Energy sector.

In the past, we have witnessed this sector spike due to conflicts, and changes can come quickly. The following setups appear to favor continued and quick momentum to the upside.

Energy: A Sector on the Move

Let’s begin with the big picture: the Energy Select Sector SPDR ETF (XLE). This ETF offers a broad view of the energy landscape. Yes, 40% of this ETF consists of just two stocks — Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX). So these two will drive the bus when it comes to price action. However, when looking at the entire sector, we see some good risk/reward setups worth monitoring.

From early 2024, XLE has been trading in a rather wide neutral range. In April, though, the ETF broke down and fell out of that range. That was due in part to cheaper oil prices and a reaction to Liberation Day tariffs. This ended up being a classic bear trap, as price held its 200-week moving average (red circle above) and moved back into its range.

The adage, “from false moves come fast moves in the opposite direction,” is well in play here, and given the fundamental backdrop of oil spiking due to conflict, the push higher should continue.

From a risk/reward set-up, the ETF could climb towards the top end of its range and likely break out higher. The risk is at the bottom of the neutral range — support at $82.50 with a first stop upside target of $95. Given Friday’s close, it’s not too much of a risk/reward difference, but momentum indicators suggest the upside is achievable, possibly quickly.

The weekly Moving Average Convergence/Divergence (MACD) is flashing a strong buy signal, while the Relative Strength Index (RSI) is breaking a downtrend going back to its August 2024 peak. It has all the makings of a run to resistance and potential breakout, with conservative upside targets of $108 given the range from which the ETF is breaking out.

Occidental Petroleum (OXY): A Buffett Favorite Reawakens

If you’ve followed Warren Buffett’s investments, you’ll recognize Occidental Petroleum (OXY). The stock has been beaten down for quite some time, but, last week, it awoke from its slumber.

OXY shares spiked on Friday, which puts it at a key inflection point. This price action caught our eye, since we are focusing on some good setups from a risk/reward perspective. There could be more room for the stock to run.

OXY enters the week at its weekly downtrend, going back to its 2024 peak at $69.56. Technically, there is major resistance ahead, but it seems poised to attack those levels and has a lot to reverse, which can give investors a nice percentage gain in the meantime.

If shares can eclipse this recent downtrend, then expect a quick run to its 200-week moving average at the $52/$53 level. This level acted as a major consolidation point for years; the once mighty support area could act as resistance and must be watched closely. However, a date with this level looks quite promising and represents a 15% gain from Friday’s close.

If momentum continues and OXY breaks through that level, it’s smooth sailing for another 15+% upside toward the $60 area. OXY could continue to its 2022–2023 consolidation area and do so quickly.

Baker Hughes (BKR): Is It Ready to Wake Up?

Lastly, we turn to Baker Hughes (BKR), an oilfield services and technology company that has been a major laggard since its February peak of $48.85. Technically, it enters the week at a major inflection point.

BKR has formed an ascending triangle, which is nearing its breaking point. That point happens to be at its longer-term downtrend and its 200-day moving average, which makes for an interesting setup.

Downside risk could see shares fall back to their 50-day moving average and the rising short-term average that’s within this tradable formation. If BKR breaks below that level, all bets for this near-term rally are off. 

The upside risk favors the bulls. If BKR were to break out, this would confirm a new uptrend, with upside targets 15–20% higher than Friday’s close.

Final Thoughts

The setups we’re seeing in the Energy sector offer a favorable balance between risk and reward. Be mindful of the downside risks and place your stops in the event the position goes against you. Remember, energy markets can shift quickly, especially when geopolitical tensions are involved.


When you see headlines about geopolitical tensions and how the stock market sold off on the news, it can feel unsettling, especially when it comes to your hard-earned savings. But what you might not hear about in the news is what the charts are indicating.

Look at what happened in the stock market recently. On Friday, investors were bracing for a rocky start this week, expecting geopolitical tensions to shake up the stock market. That’s not what unfolded. After Friday’s +1% dip, the U.S. indexes bounced back, starting the week off on a positive note. It just goes to show how quickly things can shift, and often, not in the way we might anticipate.

A Closer Look at the S&P 500

The S&P 500 ($SPX) looks like it’s back on track and attempting to move toward its all-time high. Volatility has also retreated, and oil prices, which went as high as $77.62 a barrel, have pulled back to slightly above $71.

Think of it this way: if you took Friday’s price action out of the equation, the S&P 500 has been moving steadily by grinding out its narrow range sideways move. The uptrend in equities is still in play, despite the Middle East conflict.

The StockCharts Market Summary page shows that the S&P 500 and Nasdaq Composite ($COMPQ) are trading well above their 200-day simple moving averages (SMA), while the Dow Industrials ($INDU) is struggling to remain above the benchmark. Small-cap stocks continue to struggle, which suggests that growth leadership continues to be on investors’ radars. You can see this in the sector performance panel, which shows Technology in the lead.

Since tech stocks make up a significant portion of the S&P 500, let’s take a closer look at the daily chart.

FIGURE 1. DAILY CHART OF S&P 500. The week started off on a positive note despite Middle East tensions. Monitor trends, key levels, and momentum indicators.Chart source: StockCharts.com. For educational purposes.

As mentioned earlier, not much has happened in the S&P 500 despite Friday’s selloff. The overall uptrend is still in place. The index is trading above its 21-day exponential moving average. The S&P 500 is about 1.84% away from its all-time high.

However, even though the bias is slightly bullish, there are indications that the market’s momentum isn’t strong at the moment. Here’s why:

  • The Relative Strength Index (RSI) is faltering, indicating momentum isn’t quite there yet. Note the RSI is not moving higher with the index, meaning it’s diverging.
  • The Percentage Price Oscillator (PPO) has been relatively flat and sloping slightly downward since the end of May. This confirms the stalling momentum indicated by the RSI.
  • The 200-day SMA is above the 50-day SMA. The 50-day SMA needs to cross above the 200-day SMA to confirm the bullish bias.

What to Watch

Keeping the trend direction and momentum in mind, here are some levels to monitor on the chart.

  • Just below 6150: This area represents the S&P 500’s all-time high. If the index reaches this level, it will likely be met with resistance. A break above this level would elevate bullish sentiment and show upside momentum in the market.
  • Between 5950 and 6050: The S&P 500 has been moving within this range for most of the month. It almost seems as if it’s waiting for something to act as a catalyst to move it in either direction. When it happens, the RSI and PPO will indicate whether momentum is to the upside or downside.
  • The 5775 area: This level represents the March 24 to March 26 high and the May 12 and May 23 lows. A break below this level would not be bullish for the S&P 500. Note that the 200-day SMA is close to this level.

The Bottom Line

The stock market always has its ups and downs, and some days may feel more uncertain than others. However, by focusing on long-term trends and support or resistance levels based on past highs and lows, you can approach your investment decisions with a more objective mindset.

Instead of reacting to news headlines, consider adding the “lines in the sand” — key support and resistance levels, trendlines, price channels — to your charts. These can be added to daily, weekly, or monthly time frames. Monitoring the market’s action at these levels can offer valuable insights and better prepare you for whatever comes your way.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Jp Cortez, executive director at the Sound Money Defense League, breaks down what to know about the Gold Reserve Transparency Act, a measure to audit the gold in Fort Knox and other places where America’s gold is purportedly stored.

‘A space on X will not suffice, and is not a substitute for a true assay, a true audit of every single transaction that that gold was involved in,’ he said.

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

This post appeared first on investingnews.com

Critical One Energy (CSE:CRTL,OTCQB:MMTLF), formerly Madison Metals, announced on June 12 that it has entered into an agreement with uranium-focused Dark Star Minerals (CSE:BATT) to sell 100 percent of its interests in the Khan West and Cobra North uranium projects in Namibia’s Erongo uranium province.

The acquisition will transfer Critical One’s Namibian uranium assets — specifically the Khan West and Cobra North projects — through staged cash payments and share issuances over a two year period.

The move signals a strategic shift by Critical One toward its Howells Lake antimony-gold project in Ontario, Canada, as it aims to capitalize on growing demand for critical minerals.

The Khan West and Cobra North projects are situated in a well-established Namibian uranium-mining district near the Rössing uranium mine, one of the world’s largest uranium-producing properties.

Cobra North includes two exclusive prospecting licenses and has a historical NI 43-101 inferred resource estimate of 15.6 million metric tons grading 260 parts per million U3O8 for a contained metal total of 9 million pounds of U3O8.

Dark Star said it won’t be treating the historical resource as current.

Similarly, Khan West encompasses a mining license and an exclusive prospecting license. Geological characteristics of the Khan West site reportedly mirror those of Rössing, featuring uranium-anomalous granites within a prominent structural deformation corridor. The mining license includes a license to extract uranium.

For Dark Star, the deal represents a bolstering of its uranium portfolio. In early April, the company announced plans to acquire the Bleasdell Lake uranium project in Northern Saskatchewan, Canada, which has historical uranium resources.

Later in the month, the company entered into a definitive mineral purchase agreement for the property.

Critical One’s pivot away from uranium is part of a broader refocus on critical minerals with promising market dynamics.

The Howells Lake antimony-gold project offers exposure to antimony, an increasingly valuable critical mineral that is tied to clean energy and advanced technology sectors, including the defense industry.

Duane Parnham, executive chair and CEO, emphasized the project’s potential for “higher growth potential and improved returns,” noting the added gold exploration upside amid record-high gold prices.

“The project provides gold exploration upside in a period when the yellow metal’s value is reaching all-time market highs,” Parnham said. To support its refocused strategy, Critical One simultaneously announced a non-brokered private placement financing, saying it is targeting gross proceeds of up to C$1 million.

Parnham highlighted insider participation in the financing, stating that the “ongoing support underscores management’s confidence in the value and potential of the Howells Lake antimony-gold project.”

Proceeds will be used for data processing, geophysics, permitting, drilling and other activities related to advancing Howells Lake, as well as strengthening the company’s financial position and supporting general working capital.

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

This post appeared first on investingnews.com