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Israel recovers bodies of two dead hostagesfrom Gaza in military operation

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The bodies of two deceased hostages were recovered from southern Gaza in a military operation, the Israel Defense Forces (IDF) and Shin Bet security agency announced Wednesday evening.

Yair Yaakov was killed during by Islamic Jihad militants during the Hamas-led terror attack on October 7, 2023. Yaakov, who was 59 years old at the time, was killed in Kibbutz Nir Oz and his body taken into Gaza.

His partner, Meirav Tal, and two of his children were taken hostage and subsequently released during a previous hostage agreement.

The body of an additional hostage has also been recovered, according to the IDF and Shin Bet, but the second name has not yet been made public at the request of the family.

“Together with all the citizens of Israel, my wife and I extend our heartfelt condolences to the families who lost their dearest,” said Prime Minister Benjamin Netanyahu in a statement.

“Alongside the pain and mourning, we feel a measure of relief knowing that the two will be laid to rest with dignity — and that the unbearable suffering their loved ones have endured for 614 days may now be eased, if only slightly,” said the Hostages and Missing Families Forum in a statement.

“We repeat our demand to the decision-makers to reach a full and comprehensive agreement that will bring home all 53 remaining hostages — even if that requires ending the fighting.”

The recovery of these two bodies comes less than a week after the Israeli military recovered the bodies of Judy Weinstein-Haggai, 70, and Gadi Haggai, 72, who were also killed during the attack on Nir Oz. Last week, the Israeli military also recovered the body of Thai hostage Nattapong Pinta.

According to the Hostages and Missing Families Forum, 53 hostages remain in Gaza, one of whom has been held since 2014. Of these, at least 20 are believed to be alive and 31 dead, according to the Israeli government. There are grave concerns about the conditions of two hostages, the government has said.

This is a developing story and will be updated.

This post appeared first on cnn.com

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Gaza Humanitarian Foundation says Hamas attack has killed multiple aid workers

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Multiple aid workers were killed after a bus was attacked in Gaza on Wednesday night, according to a US-backed humanitarian aid organization which accused Hamas of carrying out the assault.

Hamas has yet to respond to the allegations.

The Gaza Humanitarian Foundation (GHF), a controversial US and Israeli-backed aid initiative, said that a bus carrying more than two dozen of its team members was attacked by Hamas at around 10 p.m. local time.

“We are still gathering facts, but what we know is devastating: there are at least five fatalities, multiple injuries, and fear that some of our team members may have been taken hostage,” GHF said in a statement.

The group was en route to a distribution center in the area west of Khan Younis, GHF said, adding further details would be provided once they became known.

“We condemn this heinous and deliberate attack in the strongest possible terms,” the GHF said in a statement.

The GHF also accused Hamas of repeatedly threatening the organization in recent days.

On Sunday, Hamas media said its forces have “full authority and mandate to strike decisively against any entity or individual collaborating with the enemy’s plans or with any rogue, criminal, or traitorous elements that violate the law and the traditions of our people.”

“All agents, thieves, and armed criminal gangs are considered legitimate targets for the resistance and its security apparatus,” the militant group said.

The GHF was established amid Israeli accusations that Hamas is stealing aid in Gaza and profiting off its sale but the organization has been controversial from the get-go and criticized by multiple international aid agencies.

The humanitarian situation in Gaza remains desperate.

Restrictions imposed by the Israeli military on aid routes, ongoing airstrikes, a lack of security and the continuous displacement of tens of thousands of people are aggravating an already alarming situation, according to the United Nations and other aid agencies. The supplies that do get in risk getting looted and only a fraction of what is needed is getting in.

Multiple Palestinians have been killed by gunfire near aid distribution sites since GHF began operations.

This is a developing story and will be updated.

This post appeared first on cnn.com

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Trump administration reviewing Biden-era submarine pact with Australia, UK

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US President Donald Trump’s administration has launched a formal review of former President Joe Biden’s AUKUS defense pact with Australia and Britain to allow Australia to acquire nuclear-powered submarines, a US defense official said.

Australia, which sees the submarines as critical to its own defense as tensions grow over China’s expansive military buildup, said it remained committed to the project and looked forward to working closely with the US on the review.

As well as causing alarm in Australia, the review could also throw a wrench in Britain’s defense planning. AUKUS, worth hundreds of billions of dollars, is at the center of a planned expansion of Britain’s submarine fleet.

“We are reviewing AUKUS as part of ensuring that this initiative of the previous administration is aligned with the President’s America First agenda,” the US official said of the review, first reported by Financial Times.

“Any changes to the administration’s approach for AUKUS will be communicated through official channels, when appropriate.”

AUKUS was formed in 2021 to address worries about China’s growing power.

It envisages Australia acquiring up to five US Virginia-class submarines from 2032. Then, Britain and Australia would design and build a new class of submarine, with US assistance. The UK would take first delivery in the late 2030s, with delivery to Australia in the early 2040s.

Before that, the US and Britain would start forward rotations of their submarines in 2027 out of an Australian naval base in Western Australia.

Vocal skeptics among Trump’s senior policy officials include Elbridge Colby, the Pentagon’s top policy adviser, who cautioned last year that submarines were a scarce, critical commodity, and US industry could not produce enough to meet American demand.

Submarines would be central to US military strategy in any confrontation with China centered in the First Island Chain, running from Japan through Taiwan, the Philippines and on to Borneo, enclosing China’s coastal seas.

“My concern is why are we giving away this crown jewel asset when we most need it,” Colby said last year.

Only six countries operate nuclear-powered submarines: the US, the UK, Russia, China, France and India.

A spokesperson for Australia Defense Minister Richard Marles said the US had informed Australia and the UK of the review.

“AUKUS will grow both US and Australian defense industry as well as generating thousands of new manufacturing jobs,” the spokesperson said.

A British government spokesperson called AUKUS “one of the most strategically important partnerships in decades” that also produces “jobs and economic growth in communities across all three nations.”

“It is understandable that a new administration would want to review its approach to such a major partnership, just as the UK did last year,” the official said, adding that Britain will “continue to work closely with the US and Australia … to maximize the benefits and opportunities” of AUKUS.

The White House did not immediately respond to a request for comment, but one official told Reuters the Trump administration “is regularly reviewing foreign agreements to ensure they align with the American people’s interests – especially those initiated under the failed Biden foreign policy agenda.”

US Senator Tim Kaine, a Democrat on the Senate Armed Services Committee, said AUKUS was “critical to ensuring a free and open Indo-Pacific” and the administration should work to strengthen it and the US submarine industrial base.

“Anything less would play directly into China’s hand,” said Kaine, who represents Virginia, where US submarines are built.

Australia’s biggest defense investment

AUKUS is Australia’s biggest-ever defense project, with Canberra committing to spend A$368 billion ($240 billion) over three decades to the program, which includes billions of dollars of investment in the U.S. production base.

On Tuesday, Britain announced plans to invest billions of pounds to upgrade its submarine industry, including at BAE Systems in Barrow and Rolls-Royce Submarines in Derby, to boost submarine production as announced in Britain’s Strategic Defence Review. Under this, it will build up to 12 next-generation attack submarines of the model intended to be jointly developed by the UK, US and Australia under AUKUS.

In the US Congress on Tuesday, Defense Secretary Pete Hegseth said “we’re having honest conversations with our allies” and added in reference to Australia: “We want to make sure those capabilities are part of how they use them with their submarines, but also how they integrate with us as allies.”

Former Australian Prime Minister Malcolm Turnbull, who signed a previous agreement to acquire French submarines shelved in favor of AUKUS, told CNBC last week it was “more likely than not that Australia will not end up with any submarines at all, but instead, simply provide a large base in Western Australia for the American Navy and maintenance facilities there.”

AUKUS expert John Lee at Washington’s conservative Hudson Institute think tank said the Pentagon review was aimed at determining whether it could afford to sell up to five submarines when it was not meeting its own production targets.

Kathryn Paik, a Biden White House official now at Washington’s Center for Strategic and International Studies, said providing submarines to Australia would not sacrifice US readiness but instead boost collective deterrence.

“This review most definitely makes our allies in Canberra and London concerned, and could cause them to doubt US reliability as an ally and partner,” she said.

This post appeared first on cnn.com

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Micron’s Coiled for An Explosive Move (Up or Down): Here’s What You Need to Know Now

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Micron Technology, Inc. (MU) appears poised for an explosive breakout, both technically and fundamentally. While it remains to be seen whether this materializes by its Q3 earnings report on June 25, the setup suggests a high-probability move is about to happen, and soon.

The fundamental case for a breakout is backed by MU’s deep involvement in the AI memory boom. Its high-bandwidth memory (HBM) is powering Nvidia’s next-gen Blackwell chips, demand is outstripping supply, and prices are rising. With sold-out capacity for 2025 and earnings projected to surge 437% this year, MU’s Q3 report could be the next major catalyst.

In light of these forecasts, let’s put things into context and see where MU has stood over the past year in its comparative performance with VanEck Vectors Semiconductor ETF (SMH), our semiconductor industry proxy, Technology Select Sector SPDR Fund (XLK), for a sector comparison, and Invesco QQQ Trust (QQQ), a stand-in for the Nasdaq 100 Index ($NDX).

MU vs. SMH, XLK, and QQQ: Tracking Relative Performance

Despite its recent rally, MU remains a relative laggard. Whether it breaks out will depend on how effectively it positions itself amid shifting industry dynamics.

FIGURE 1. PERFCHARTS OF MU RELATIVE TO ITS INDUSTRY, SECTOR, AND THE NASDAQ 100.  MU has been the big laggard over the past year. You need to take a closer and more detailed look to gain more insight into MU’s current upward momentum.

While analysts are optimistic about its role in the evolving AI-driven landscape, that thesis will be put to the test when the company reports earnings in the coming weeks.

A Shift in Momentum? What the MarketCarpets Are Revealing

While MU lags its industry peers, it might help you to get a more granular view of performance within the semiconductor industry. This is where the StockCharts MarketCarpets Semiconductors summary can be helpful.

FIGURE 2. MARKETCARPETS – SEMICONDUCTORS. In contrast to its peers, a 5-day view shows that MU is the strongest performer.

Though MU has trailed its industry peers over the past year, the 5-day MarketCarpets view reveals a shift in momentum. With a 13.32% gain over the past week, MU is rapidly narrowing the gap and beginning to outpace its peers.

Weekly Chart Levels: Resistance, Support, and Entry Zones

Typically, you’d drill down to a daily chart for more precision, but, with MU, the weekly chart alone highlights the key levels worth watching.

FIGURE 3. WEEKLY CHART OF MU. The weekly chart shows all key levels, from entry to profit targets and stop loss levels.

The weekly chart view clearly outlines support, resistance, and potential entry and exit points. Listed below are the key levels and scenarios to watch.

MU Price Scenarios: Breakout or Breakdown?

  • Watch the rectangle formation: MU is approaching a breakout above key resistance at $115, just ahead of its June 25 earnings report. A decisive move above the rectangle could trigger long entries from bullish traders.
  • Upside scenario: A beat on earnings and strong forward guidance could fuel continued upside—unless derailed by broader geopolitical risks.
  • Downside scenario: If the breakout fails, look for support near the bottom of the formation. The Volume-by-Price indicator shows a heavy concentration of trading at that level, reinforcing its significance as a support zone. However, a breakdown there may cast doubt on the current uptrend thesis.
  • Profit-taking zone: If MU continues its bullish trajectory, expect resistance and likely profit-taking between $127 and $137, an area marked by multiple highs and consolidation levels throughout 2024.

Why $127 to $137, when the weekly chart shows $130 to $135? Here’s where zooming in helps.

FIGURE 4. ZOOMING N TO A DAILY CHART OF MU. This shows, in much greater detail, the potential resistance levels above.

The top and bottom of this consolidation provide a clearer view of potential resistance, which may also serve as profit-taking levels for short-term traders, so keep an eye on this.

  • Last thing – watch the peak: A second round of resistance and potential profit-taking may occur near $155, a key level that previously marked the stock’s all-time high.

Momentum-wise—and note we’re looking at a longer-term time frame—the Relative Strength Index (RSI) suggests there’s still plenty of room to run before MU enters overbought territory. Volume-wise, however, you will want to see the Chaikin Money Flow (CMF) levels increase once the breakout occurs, confirming that buying pressure is supporting the move.

Quick Take: The Setup at a Glance

In a nutshell: Watch for a breakout above $115 ahead of MU’s June 25 earnings by setting an alert using the Technical Alert Workbench. Note that entering a position ahead of earnings is always a risky prospect. If you are planning to take any action at all, make sure it’s in alignment with your own personal trading strategy and criteria.

A beat on earnings and strong guidance could fuel further upside, but watch out! If Wall Street decides to “sell the news,” due to any detail that dampens investor or analyst sentiment, a sharp decline could follow. If MU moves strongly to the upside, look for confirmation via rising CMF levels, which would signal real buying pressure.

If the breakout fails, key support lies near the bottom of the current trading range. On the upside, expect potential resistance and profit-taking between $127–$137, with a secondary ceiling near $155. The RSI still shows room for further gains before MU becomes overbought.

Final Thoughts: Will MU Deliver on the AI Hype?

MU may be lagging now, but, as the MarketCarpets data shows, momentum is quietly shifting, and the shift may accelerate as MU approaches both a potential breakout level and its earnings date. With a critical breakout level in sight and earnings just days away, consider preparing for a potential surge in volatility, which could move the stock in either direction. If MU does break to the upside, whether it can maintain its momentum post-breakout will depend on volume, CMF strength, and how convincingly MU rides the AI memory wave.

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.

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Is the S&P 500 Flashing a Bearish Divergence?

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Unlock the power of divergence analysis! Join Dave as he breaks down what a bearish momentum divergence is and why it matters. Throughout this video, Dave illustrates how to confirm (or invalidate) the signal on the S&P500, Nasdaq100, equal‑weighted indexes, semiconductors, and even defensive names like AT&T (T).

This video originally premiered on June 10, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

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Unlocking Stock Market Insights: Identify Global Opportunities with StockCharts’ Market Summary

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The U.S. stock market has been painting a subtle picture recently. While the broader indexes, such as the S&P 500 ($SPX), Nasdaq Composite ($COMPQ), and Dow Jones Industrial Average ($INDU), are indeed grinding higher, the daily movements have been relatively subdued. This is a noticeable shift from the more dynamic action we observed in April.

Investors may be waiting for Wednesday’s May Consumer Price Index (CPI), the results of the U.S.-China trade talks, or the next market-moving news headline. What’s encouraging is the underlying strength in market breadth. We’re seeing a healthy number of one-month new highs across most broader indexes (with the exception of Dow Utilities), Bullish Percent Indexes signaling bullish tendencies, and investors gravitating toward offensive sectors vs. defensive ones.

On the surface, everything points to a continuation of the bullish trend. However, as astute investors, our primary objective is to protect our capital. This means we mus always consider the possibility of a downside correction and be prepared to adapt.

This is where the StockCharts Market Summary page becomes an indispensable tool for your market analysis.

Let’s dive into how the Market Summary page can help you gain a unique perspective on market dynamics.

Beyond the Headlines: Uncovering Global Trends

One of the powerful features of the Market Summary page is its ability to provide a global snapshot. If you navigate to the Global Snapshot tab in the Equities panel and sort the “+/- SMA(200)” column in descending order, you’ll notice something fascinating: the Eurozone occupies the top spot while the Total US sits at the bottom (see image below).

FIGURE 1. A GLOBAL SNAPSHOT. The Eurozone is trading well above its 200-day simple moving average (SMA) while the Total US is only 4.37% above its 200-day SMA.Image source: StockCharts.com. For educational purposes.

This insightful view suggests that global markets have been trending well above their 200-day simple moving average than the US market. This insight is worth a deeper dive.

Consider the daily charts of the iShares MSCI Eurozone ETF (EZU) and Vanguard Total Stock Market ETF (VTI) which serve as proxies for these regions.

Since April 8, EZU has been on a steep ascent, demonstrating upward momentum. This price action is similar to the S&P 500, but if you consider the relative performance of the SPDR S&P 500 (SPY) vs. EZU, SPY is underperforming EZU (see bottom panel in the chart below).

FIGURE 2. DAILY CHART OF EZU. The ETF is exhibiting a steep ascent and is outperforming SPY. Will the trend become less steep or continue its steep uptrend? Be sure to monitor the RSI.Chart source: StockCharts.com. For educational purposes.

The Relative Strength Index (RSI) is showing lackluster momentum. Generally, a steep trend loses its mojo after a while and reverts to a more normal trend.

Meanwhile, though VTI has also moved higher, its percentage rise was slightly less than EZU. Also, as EZU hit an all-time high, VTI is still trying to reach that milestone (see chart below).

FIGURE 3. DAILY CHART OF VTI. The ETF is also exhibiting a steep ascent but is trying hard to reach its all-time high.Chart source: StockCharts.com. For educational purposes.

The RSI is showing lackluster momentum, similar to that of EZU, which could mean the steep ascent may be losing its steam.

Identifying Global Opportunities

It will be interesting to see how the global financial market evolves from here. Who will be the first to revert to a more normal sloping trend? Will EZU continue its outperformance, or will VTI take the lead?

And let’s not forget the global ETFs positioned in the middle of the pack. Regions like Asia (ex Japan), Latin America, or Emerging Markets could take the lead. For example, the Vanguard FTSE Emerging Markets ETF (VWO) has exhibited a more classic uptrend. Over the past year, it has outperformed SPY by around 127% (see chart below). The RSI is also showing greater momentum than the other charts we analyzed.

FIGURE 4. DAILY CHART OF VWO. This ETF is exhibiting a more normal uptrend and, over the last year, has outperformed SPY by a whopping 127%. RSI is also rising, suggesting there could be momentum here.Chart source: StockCharts.com. For educational purposes.

Empowering Your Stock Market Analysis

To stay ahead of market trends and uncover hidden gems, investors and traders should regularly monitor the charts in the Market Summary ChartLists. If you haven’t already, download the StockCharts Market Summary ChartPack (it’s free for subscribers).

Scrolling through the pre-built ChartLists will help you to:

  • Stay on top of the market’s price action across sectors, industries, and global regions.
  • Identify market internals, such as breadth and sentiment.
  • Uncover some hidden gems that could translate into favorable investment opportunities.

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.

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Widespread Natural Rutile Observed Throughout the Central Rutile Tenement Package

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DY6 Metals Ltd (ASX: DY6, “DY6” or “Company”) is pleased to announce the initial results from the reconnaissance exploration program at the Central Rutile Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground-truthing. The reconnaissance programme, which consisted of auger sampling, road-cutting channel sampling, soil sampling and stream sediment sampling, was successful in identifying heavy mineral (HM) and natural rutile mineralisation across all five tenements that make up the Central Rutile project. Rutile nuggets, ranging in size from 1mm+ to 2cm+, were observed in alluvial and eluvial (residual) sources. Samples collected from the initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in August 2025.

HIGHLIGHTS

  • Reconnaissance auger and grab sampling programme nearing completion at the Central Rutile Project, with a detailed soil sampling programme to commence shortly
  • Soil sampling programme will be used to rapidly identify areas of higher grade HM and rutile mineralisation, which will be followed up on with a large auger drilling campaign in the September quarter
  • Reconnaissance sampling undertaken across the 5 Central Rutile Project tenements has identified visible natural rutile from both alluvial and eluvial (residual) sources
  • The identification of rutile across the entire tenement package is highly encouraging and reaffirms the Company’s belief that the region is an emerging, globally significant rutile province
  • Samples collected from the reconnaissance program are due to be submitted for laboratory analysis in the coming weeks, with results expected in the September quarter
  • The Company’s reconnaissance program at the Douala Basin HMS Project is ongoing, with initial results expected in the coming weeks

Non-executive Chairman, Dan Smith, commented:

“The in-country team has done a great job of mobilising to site so quickly. We are pleased with the initial results from the reconnaissance program at the Central Rutile project and the confirmation of widespread, natural rutile across the licences from both residual and alluvial sources. I look forward to the receipt of the assays in the coming months, as well as results from the ongoing exploration at the Douala Basin project.”

Technical Consultant, Cliff Fitzhenry, commented:

“The Central Rutile project covers a large (2,140km2) area, so this initial reconnaissance programme has only just scratched the surface of the potential for this area. We always knew the licences were in the right address, having the correct underlying geology, deep in-situ weathering profile, and known, historic rutile occurrences. The solid work of the in-country team, in conjunction with our Senior Exploration Geologist, Troth Saindi, is already paying dividends. Having achieved our initial goals, exploration at the Central Rutile project will shift from reconnaissance in nature to that of a detailed soil sampling programme. This will allow us to achieve greater coverage over the tenement package and will help to rapidly define zones of higher grade heavy mineral occurrences, which will be followed up with a large-scale auger sampling programme.

I am excited to get on the ground as soon as possible to help drive the exploration work as the project story unfolds.”

Reconnaissance exploration at the Central Rutile Project

As announced on 5 June 2025, the Company has commenced reconnaissance auger and grab sampling programmes at the Central Rutile and Douala Basin HMS projects, Cameroon. To date, at the Central Rutile Project the Company has completed 3 auger drill holes (refer Figure 1), collecting 10 samples in the process, as well as collected 42 channel samples from 7 road cutting exposures, 1 surface grab sample and 2 stream sediment samples for analysis (refer Tables 1-4).

Click here for the full ASX Release

This post appeared first on investingnews.com

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Multiple High Antimony Soil Anomalies Discovered at Armidale

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Red Mountain Mining Limited (“RMX” or the “Company”) is pleased to report that Highly Anomalous Antimony soil assays have been confirmed at Oaky Creek, part of RMX’s 100% owned Armidale Antimony-Gold Project. A newly defined south-east trend away from the Oaky Creek North pits has been revealed, additionally a new area near Oaky Creek South has opened where up to 333pm Sb in soil has been discovered. The distribution of Antimony in the soils suggests a network across Oaky Creek, of multiple veins existing over 2.3km along the Namoi Fault and up to 400m from the fault. The supporting rock chip assays are pending and expected to be received by the end of June.

HIGHLIGHTS

  • Highly Anomalous Antimony-in-Soil results reveal new target zones beyond known source areas at both Oaky Creek North and Oaky Creek South
  • Two New Highly Anomalous areas defined, with assays up to 333ppm Sb in soil
  • New Northern Antimony area is potentially a strike extension of Oaky Creek North, ~1km south-east away from the historic pits
  • A newly defined Antimony soil trend north of Oaky Creek South also confirms a previously undiscovered trend
  • High Gold-in-soil assay result lies in the New Northern Antimony area
  • Rock Chip assay results are anticipated to be received by the end of June

Red Mountain Widens Antimony Mineralisation at Oaky Creek

Red Mountain is pleased to report that it has discovered a new anomalous antimony target zone, which includes a spot high of 333ppm Sb and located 400m to the north of the Oaky Creek South pits. This new area represents a possible ENE strike similar to the trend at Oaky Creek South.

At Oaky Creek North distribution of antimony suggests a south easterly extension of around 1km with a strong response towards the end of the extension. The area in between is cropped and cultivation may have subdued the surface geochemical response. Local reports indicate historical pits were infilled, and displaced rock piles contained visible stibnite, identified by the onsite geologist (ASX Announcement 30 May 2025).

Antimony-in-soil anomalies also validate the mineralisation at both the historic Oaky Creek North and Oaky Creek South pits, where coarse stibnite was previously extracted by hand from the shafts/pits (Figure 1).

Red Mountain analysed the soils for gold in the Aqua regia multielement suite, although not as sensitive as a Fire Assay technique, encouragingly gold was reported in several areas (refer to Figure 2 for the Gold Heat map). The high gold-in-soil sample lies on strike to the north of the 99ppm Sb soil sample on the Oaky Creek North trend. At Oaky Creek South, gold-in-soil was located just west of the old workings.

Click here for the full ASX Release

This post appeared first on investingnews.com

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Alvopetro Announces May 2025 Sales Volumes and an Operational Update including 183-D4 Well Results

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Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces May 2025 sales volumes and an operational update, including results from our 183-D4 well. Based on cased hole logs and logs while drilling, the well encountered 61 metres total vertical depth (‘TVD’) potential net natural gas pay in the Caruaçu Formation 106 metres updip of our 183-A3 well.

President & CEO, Corey C. Ruttan commented:

‘May sales included the first full month of production from our first two wells drilled in Western Canada averaging 346 bopd gross (173 bopd net), exceeding our pre-farmin expectations and we are looking forward to drilling our next two wells here starting this summer. We are also encouraged by our 183-D4 results and expect to have this well on production in Q3 to fuel continued production growth in Brazil .’

May Sales Volumes

Natural gas, NGLs and crude oil sales:

May

2025

April

2025

Q1

2025

Brazil:

Natural gas (Mcfpd), by field:

Caburé

10,800

12,636

11,710

Murucututu

1,500

844

2,093

Total natural gas (Mcfpd)

12,300

13,480

13,803

NGLs (bopd)

111

126

135

Oil (bopd)

–

–

10

Total (boepd) – Brazil

2,161

2,373

2,446

Canada:

Oil (bopd) – Canada

173

90

–

Total Company – boepd (1)

2,334

2,463

2,446

(1)

Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.

May sales volumes in Brazil averaged 2,161 boepd, including natural gas sales of 12.3 MMcfpd and associated natural gas liquids sales from condensate of 111 bopd, based on field estimates. Sales volumes decreased 9% compared to April due to turnarounds at both Alvopetro facilities and Bahiagás end user plants, which impacted demand in the month. In Canada , with a full month of production in May, Alvopetro’s net 50% share of oil sales volumes increased to 173 bopd, bringing the Company’s total sales to 2,334 boepd, based on field estimates.

Operational Update

183-D4 Well Results

We have now completed the sidetrack and drilling of our 183-D4 well on our 100% Murucututu natural gas field. The well was drilled to a total measured depth of 3,072 metres and has been cased and cemented. The well encountered the Caruaçu Member of the Maracangalha Formation 106 metres structurally updip of our 183-A3 success.

Based on cased-hole gamma ray logs and normalized gas while drilling, the well encountered potential natural gas pay in the Caruaçu Member of the Maracangalha Formation, with an aggregate 61 metres of potential natural gas pay between 2,439 and 2,838 meters TVD.

Based on these drilling results, we plan to complete the well in up to 5 intervals and expect the well to be on production to the field production facility in the third quarter.

Caburé Unit Development Drilling Program

Our planned Caburé Unit development drilling program has commenced. The first well has now been spud and we expect to have four wells drilled by the end of the third quarter.

Western Canadian Capital Plan

In Western Canada , well pad construction for our next two wells has commenced and we expect the wells to be drilled in the third quarter.

Annual General Meeting

Alvopetro’s annual general and special meeting (the ‘Meeting’) will be held on Wednesday, June 18, 2025 at the offices of Torys LLP (Suite 4600, 525 8 th SW, Calgary, Alberta ) beginning at 9:30 a.m. Mountain time. The management information circular and all related materials are available on our website and www.sedarplus.ca .

All interested parties are invited to attend the Meeting. We will also be broadcasting the meeting via live webcast for the interest of all shareholders. Please be advised that shareholders will not be able to vote any shares through this webcast format. Details for joining the event are as follows:

DATE: June 18, 2025
TIME : 9:30 AM Mountain/ 11:30 AM Eastern
LINK: https://us06web.zoom.us/j/89512204386
DIAL-IN NUMBERS: https://us06web.zoom.us/u/kenh5nLlte
WEBINAR ID   : 895 1220 4386

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation .

Social   Media

Follow Alvopetro on our social media channels at the following links:

Twitter – https://twitter.com/AlvopetroEnergy
Instagram – https://www.instagram.com/alvopetro/
LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are   building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Abbreviations:

boepd

=

barrels of oil equivalent (‘boe’) per day

bopd

=

barrels of oil and/or natural gas liquids (condensate) per day

BRL

=

Brazilian Real

Mcf

=

thousand cubic feet

Mcfpd

=

thousand cubic feet per day

MMcf

=

million cubic feet

MMcfpd

=

million cubic feet per day

NGLs

=

natural gas liquids (condensate)

BOE Disclosure

The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

Well Results

Data obtained from the 183-D4 well identified in this press release, including hydrocarbon shows, cased-hole logging data, and potential net pay should be considered preliminary until testing, detailed analysis and interpretation has been completed. Hydrocarbon shows can be seen during the drilling of a well in numerous circumstances and do not necessarily indicate a commercial discovery or the presence of commercial hydrocarbons in a well. There is no representation by Alvopetro that the data relating to the 183-D4 well contained in this press release is necessarily indicative of long-term performance or ultimate recovery. The reader is cautioned not to unduly rely on such data as such data may not be indicative of future performance of the well or of expected production or operational results for Alvopetro in the future.

Forward-Looking Statements and Cautionary Language

This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘may’, ‘believe’, ‘estimate’, ‘forecast’, ‘anticipate’, ‘should’ and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking statements concerning potential net natural gas pay in the 183-D4 well and expectations regarding future completion plans for the well as well as timing of production commencement from the well, future production and sales volumes, plans relating to the Company’s operational activities, and other exploration and development activities in both Canada and Brazil and the timing for such activities. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca . The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE Alvopetro Energy Ltd.

View original content: http://www.newswire.ca/en/releases/archive/June2025/10/c2914.html

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