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Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (‘Riverside’ or the ‘Company’), is pleased to announce that further to its press release dated September 6, 2024, Riverside’s wholly-owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. (the ‘Vendor’) has entered into a definitive option agreement (the ‘Option Agreement’) with Questcorp Mining Inc. (‘Questcorp’) dated May 5, 2025, for the 2,520.2 hectare La Union carbonate replacement gold- polymetallic project (the ‘Project’ or ‘La Union’) located in Sonora, Mexico (the ‘Transaction’).

‘We are thrilled to finalize this agreement for the La Union Project, which is a strong asset in Riverside’s portfolio. Securing up to C$5,500,000 in exploration funding from Questcorp is an excellent step forward in advancing this larger Carbonate Replacement Deposit (‘CRD‘) project,’ said John-Mark Staude, CEO of Riverside Resources. ‘Riverside is pleased to have the updated NI 43-101 Technical Report completed and we see an active exploration program launching in the coming weeks with Riverside as the Operator of the exploration program. Riverside is expected to become a shareholder of Questcorp with an initial 9.9% equity interest, subject to final approval by the Canadian Securities Exchange or confirmation that such approval is not required. The first-year work program of C$1,000,000 in exploration expenditures will launch the first round of exploration at the project.’

The La Union Project

The Project is summarized on the Riverside website and is a project that Riverside acquired and further consolidated additional inlier mineral claims. The Project initially identified from Riverside’s work in the western Sonora gold belt through work with AngloGold Ashanti Limited, Centerra Gold Inc., and Hochshild Mining Plc, among others as partners and funding relationships for gold exploration. Initial work by members of the Riverside team, drawing on more than two decades of geological compilation and analysis, identified this region as highly prospective. At the Project, historical mining by the Penoles Mining Company focused on chimney and manto replacement bodies within the upper oxide zones. As a result, the underlying sulfide zones present immediate drill targets for further exploration.

Riverside has spent the past five years consolidating this highly prospective land package, which totals over 22 square kilometers. The Project features favorable limestone host rocks, an extensive alteration footprint, and multiple small-scale historical workings, providing more than eight drill-ready target areas. Key immediate targets include the central Union Mine and the nearby Famosa Mine. With drive-up access, private ranch surface rights, and strong geologic similarities to other major CRDs in Arizona and eastern Mexico, La Union is well positioned for near-term exploration success targeting both oxide and deeper sulfide mineralization.

The Option Agreement

In accordance with the terms of the Transaction, Questcorp can acquire a one-hundred percent (100%) interest in the Project in consideration for completion of a series of cash payments totaling $100,000 CAD, making staged issuances of common shares of Questcorp totaling 19.9%, and incurring $5,500,000 CAD of exploration expenditures on the Project as outlined immediately below:

Deadline Cash Payment Share Issuance Exploration Expenditures
Within two (2) business days of the date of the Option Agreement $25,000 N/A N/A
On the Effective Date(1) N/A 9.9%(2) N/A
On or before the first anniversary of the Effective Date N/A 14.9%(2)(3) $1,000,000
On or before the second anniversary of the Effective Date $25,000 19.9%(2)(3) $1,250,000
On or before the third anniversary of the Effective Date $25,000 19.9%(2)(3) $1,500,000
On or before the fourth anniversary of the Effective Date $25,000 19.9%(2)(3) $1,750,000
Total $100,000 19.9%(2)(3) $5,500,000
Notes:

  1. ‘Effective Date’ means the date on which Questcorp delivers to the Vendor a copy of the written approval of the Canadian Securities Exchange in respect of the transactions contemplated by the Option Agreement.
  2. Issuable within the fifth business day after the applicable date.
  3. Expressed as a cumulative total percentage of the undiluted issued and outstanding common shares of Questcorp as of the applicable payment date, and assuming Riverside has not previously disposed of any common shares.

 

During the term of the Option Agreement, Riverside, through the Vendor, will remain the program operator for the Project using its local team based in Hermosillo, Sonora. Following exercise of the option under the Option Agreement, Questcorp will grant Riverside a two-and-one half percent (2.5%) net smelter return royalty on commercial production from the Project.

Figure 1. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. Riverside now controls all mineral tenures on this map.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/250896_df59d6431499eba6_002full.jpg

Figure 2. Cross section looking west with proposed drill sites and drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/250896_df59d6431499eba6_003full.jpg

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, VP Exploration, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a ‘qualified person’ under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

ON BEHALF OF Riverside Resources Inc.

‘John-Mark Staude’

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc. 
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
Eric Negraeff
Corporate Communications
Riverside Resources Inc.
Eric@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

 

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., ‘expect’,’ estimates’, ‘intends’, ‘anticipates’, ‘believes’, ‘plans’). Such information involves known and unknown risks — including the risk that the Transaction will not be completed as contemplates, or at all, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250896

News Provided by Newsfile via QuoteMedia

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Triumph Gold (TSXV:TIG,OTC:TIGCF) is a Canadian gold exploration company well-positioned to benefit from a strengthening gold market. The company’s primary focus is advancing its 100 percent-owned Freegold Mountain Project, a district-scale property located in Yukon’s highly prospective Dawson Range gold-copper belt.

With defined multi-million ounce gold resources, significant potential for expansion, and promising discovery targets, Triumph Gold provides investors with exposure to a large, consolidated land package in one of Canada’s most mining-friendly jurisdictions.

The Freegold Mountain Project is Triumph Gold’s flagship asset — a district-scale property extending 34 kilometers along the highly mineralized Big Creek Fault system in Yukon. What sets this project apart is the widespread presence of mineralization across all major rock types on the property, including Paleozoic metamorphics, Jurassic intrusives, and Cretaceous intrusives. Each of these hosts distinct styles of precious and base metal mineralization, underscoring the project’s exceptional geological potential.

Company Highlights

  • Resource Base: Combined indicated resources of 1 million ounces and inferred resources of 1.08 million ounces gold equivalent across the Freegold Mountain project
  • Strategic Location: Positioned in the mineral-rich Dawson Range, home to major deposits including Newmont’s Coffee, Western Copper’s Casino, and Pembridge’s Minto mine
  • Multiple Deposit Types: Mineralization found in various forms (porphyry, epithermal, skarn) providing diversified exploration targets
  • Expansion Potential: All deposits remain open in multiple directions with numerous untested satellite targets
  • Fully Permitted: Exploration permits in place until 2025-2026 allowing for extensive drilling programs
  • Experienced Leadership: Management team with proven track records in mineral exploration, mine development and capital markets

This Triumph Gold profile is part of a paid investor education campaign.*

Click here to connect with Triumph Gold (TSXV:TIG) to receive an Investor Presentation

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Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, discusses the organization’s latest report on gold demand trends, highlight key data points from Q1.

He also shares his thoughts on gold’s record-setting rise, saying fundamentals remain strong.

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

This post appeared first on investingnews.com

U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a court filing.

Pharmacy chains, such as Rite Aid, Walgreens and CVS, have been under pressure as falling drug margins and competition from Walmart and Amazon have led to a closure of hundreds of stores.

Walgreens, facing significant losses, recently agreed to a $10 billion buyout by private equity firm Sycamore Partners — a dramatic decline from its $100 billion valuation a decade ago, underscoring the severe challenges facing traditional pharmacy retailers.

Rite Aid used its previous bankruptcy in 2023 to cut $2 billion in debt, close hundreds of stores, sell its pharmacy benefit company, Elixir, and negotiate settlements with its lenders, drug distribution partner McKesson and other creditors.

The previous bankruptcy also resolved hundreds of lawsuits alleging that Rite Aid ignored red flags when filling suspicious prescriptions for addictive opioid pain drugs.

But despite those settlements, Rite Aid still had $2.5 billion in debt when it emerged from bankruptcy as a private company owned by its lenders in 2024.

According to Monday’s court filing, the company has estimated assets and liabilities in the range of $1 billion to $10 billion.

The company was unable to secure additional capital from lenders, which it needed to continue operating the business, Bloomberg News reported earlier in the day, citing an internal letter from CEO Matthew Schroeder to the company’s employees.

The letter also states that the drug store chain intends to reduce its workforce at its corporate offices in Pennsylvania.

Rite Aid operated about 2,000 pharmacies in 2023 but now has only 1,250 stores across the U.S., with recent closures significantly reducing its presence in markets such as Ohio and Michigan.

This post appeared first on NBC NEWS

The global pharmaceutical market reached a total value of US$1.38 trillion in 2024, according to Research and Markets, up significantly from the US$888 billion seen just over a decade earlier in 2010.

Experienced and novice investors alike may want to consider pharmaceutical exchange-traded funds (ETFs) as a way to gain exposure to the top pharma companies. Like all ETFs, pharmaceutical ETFs are a good option for those who want to trade a set of assets in the pharmaceutical industry instead of focusing solely on individual pharmaceutical stocks.

The main advantage of a pharmaceutical ETF is the fact that it can provide exposure to an overarching sector, but still trades like a stock. Pharma ETFs also offer less market volatility and lower fees and expenses.

Big pharma ETFs

Many of these funds have diverse holdings across some of the most important sectors in the pharmaceutical industry, including pain therapeutics, oncology, vaccines and biotechnology. Data was gathered on May 6, 2025.

1. VanEck Pharmaceutical ETF (NASDAQ:PPH)

Total assets under management: US$653.61 million

Established in late 2011, the VanEck Pharmaceutical ETF tracks the MVIS US Listed Pharmaceutical 25 Index. It has the capacity to provide big returns, even though there are some risks attached to the ETF. An analyst report indicates that investors looking for ‘tactical exposure’ to the pharma sector might consider this ETF as an investment option.

The ETF has 25 holdings, with the top five being Eli Lilly (NYSE:LLY) at a weight of 12.17 percent, AbbVie (NYSE:ABBV) at 6.48 percent, Johnson & Johnson (NYSE:JNJ) at 6.45 percent, Novartis (NYSE:NVS) at 5.43 percent and Cencora (NYSE:COR) at 5.34 percent.

2. iShares US Pharmaceuticals ETF (ARCA:IHE)

Total assets under management: US$571.51 million

Created on May 5, 2006, this iShares ETF tracks some of the top US pharma companies. In total, the iShares US Pharmaceuticals ETF has 41 holdings, with the vast majority being large-cap stocks.

Of its holdings, Eli Lilly and Johnson & Johnson are by far the largest portions in its portfolio, coming in at weightings of 24.55 percent and 23.38 percent, respectively. The next highest are Royalty Pharma (NASDAQ:RPRX) at 4.93 percent, Zoetis (NYSE:ZTS) at 4.80 percent and Viatris (NASDAQ:VTRS) at 4.57 percent.

3. Invesco Pharmaceuticals ETF (ARCA:PJP)

Total assets under management: US$240.1 million

The Invesco Pharmaceuticals ETF is primarily focused on providing exposure to US-based pharma companies. An analyst report states that this ETF chooses individual securities based on certain investment criteria, namely stock valuation and risk factors. Invesco changed the fund’s name from the Invesco Dynamic Pharmaceuticals ETF in August 2023.

This ETF was started on June 23, 2005, and currently tracks 31 companies. Its top holdings are Abbott Laboratories (NYSE:ABT) with a weight of 5.2 percent, AbbVie at 5.17 percent, Johnson & Johnson at 5 percent, Gilead Sciences (NASDAQ:GILD) at 4.94 percent and Eli Lilly at 4.86 percent.

4. SPDR S&P Pharmaceuticals ETF (ARCA:XPH)

Total assets under management: US$139.14 million

The SPDR S&P Pharmaceuticals ETF came into the market on June 19, 2006, and represents the pharmaceutical sub-industry sector of the S&P Total Markets Index. An analyst report for the ETF suggests that due to its narrow focus — which includes pharma giants that post ‘big returns’ during times of consolidation — it should not be considered for a long-term portfolio.

This pharma ETF tracks 43 holdings, with relatively close weighting among its holdings. XPH’s top five holdings are Corcept Therapeutics (NASDAQ:CORT) with a weight of 5.26 percent, Eli Lilly at 3.99 percent, Royalty Pharma (NASDAQ:RPRX) at 3.98 percent, Zoetis at 3.87 percent and Johnson & Johnson at 3.81 percent.

5. KraneShares MSCI All China Health Care Index ETF (ARCA:KURE)

Total assets under management: US$82.86 million

The KraneShares MSCI All China Health Care Index ETF was launched in February 2018 and tracks an index of large- and mid-cap Chinese stocks in the healthcare sector, all weighted by market capitalization. According to an analyst report, the fund provides investors with ‘exposure to a relatively small slice of the Chinese economy.’

The ETF tracks 46 holdings, and its top five are Jiangsu Hengrui Medicine (SHA:600276) at 8.33 percent, BeiGene (OTC Pink:BEIGF,HKEX:6160) at 7.88 percent, Shenzhen Mindray Bio-Medical Electronics (SZSE:300760) at 6.79 percent, Wuxi Biologics (OTC Pink:WXIBF,HKEX:2269) at 6.67 percent and Innovent Biologics (OTC Pink:IVBXF,HKEX:1801) at 5.51 percent .

Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any of the companies mentioned in this article.

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Amazon’s Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday.

The recall surrounds a defect with the vehicle’s automated driving system that could cause it to inaccurately predict the movement of another car, increasing “the risk of a crash,” according to a report submitted to the National Highway Traffic Safety Administration.

Zoox submitted the recall after an April 8 incident in Las Vegas where an unoccupied Zoox robotaxi collided with a passenger vehicle, the NHTSA report states. There were no injuries in the crash and only minor damage occurred to both vehicles.

“After analysis and rigorous testing, Zoox identified the root cause,” the company said in a blog post. “We issued a software update that was implemented across all Zoox vehicles. All Zoox vehicles on the road today, including our purpose-built robotaxi and test fleet, have the updated software.”

Zoox paused all driverless vehicle operations while it reviewed the incident. It’s since resumed operations after rolling out the software update.

Amazon acquired Zoox in 2020 for over $1 billion, announcing at the time that the deal would help bring the self-driving technology company’s “vision for autonomous ride-hailing to reality.” However, Amazon has fallen far behind Alphabet’s Waymo, which has robotaxi services operating in multiple U.S. markets. Tesla has also announced plans to launch a robotaxi offering in Austin in June, though the company has missed many prior target dates for releasing its technology.

Zoox has been testing its robotaxis in Las Vegas, Nevada, and Foster City, California. Last month, Zoox began testing a small fleet of retrofitted vehicles in Los Angeles.

Last month, NHTSA closed a probe into two crashes involving Toyota Highlanders equipped with Zoox’s autonomous vehicle technology. The agency opened the probe last May after the vehicles braked suddenly and were rear-ended by motorcyclists, which led to minor injuries.

This post appeared first on NBC NEWS

Multiple major airlines are avoiding flying over Pakistan as relations with neighbor India crater in the wake of a recent tourist massacre, the latest geopolitical flashpoint to disrupt global travel.

The airline is “adapting its flight schedule and flight plans to and from certain destinations,” the French flag carrier said, adding some routes will require longer flight times.

“Air France is constantly monitoring developments in the geopolitical situation of the territories served and overflown by its aircraft in order to ensure the highest level of flight safety and security,” Air France said.

Germany’s flag carrier Lufthansa also confirmed to Reuters that it was “avoiding Pakistani airspace until further notice.”

The travel disruptions come two weeks after militants massacred 26 civilians, mostly tourists, in the mountainous town of Pahalgam in Indian-administered Kashmir, a rampage that has sparked widespread outrage.

India was quick to place blame for the assault on Pakistan, which it has long accused of harboring militant groups. Pakistan denied involvement, and tensions have mounted since with a series of escalatory tit-for-tat moves between the two neighbors.

Both sides had already closed their airspaces to each other’s aircraft since the attack, but the increased tensions are now impacting other international airlines and will likely cost them as they burn extra fuel taking longer routes.

Airlines have already had to be cautious about other key flashpoints in recent years, including the Middle East and areas close to the Ukraine-Russia front lines.

Flight-tracking data showed some flights of British Airways, Swiss International Air Lines and Emirates traveling over the Arabian Sea and then turning north toward Delhi in order to avoid Pakistani airspace, Reuters reported.

Kashmir, one of the world’s most dangerous flashpoints, is controlled in part by India and Pakistan but both countries claim it in its entirety. The two nuclear-armed rivals have fought three wars over the mountainous territory that is now divided by a de-facto border called the Line of Control (LOC) since their independence from Britain nearly 80 years ago.

In the wake of the tourist massacre, India and Pakistan have been flexing their military muscle, putting both countries on edge.

Pakistan on Monday carried out a second missile test in three days, Reuters reported.

The Pakistani army said the missile tested was a Fatah series surface-to-surface missile with a range of 120 kilometers (75 miles), according to Reuters. It came two days after the successful launch of a surface-to-surface ballistic missile.

India has also ordered all its states and union territories to carry out mock security drills on Wednesday.

It comes days after India’s navy said it had carried out test missile strikes to “revalidate and demonstrate readiness of platforms, systems and crew for long range precision offensive strike.”

Tensions have ramped up despite the United States and China – two major global players – urging restraint.

The United Nations Secretary-General, Antonio Guterres, on Monday also urged both India and Pakistan to “avoid a military confrontation that could easily spin out of control.”

“Make no mistake: A military solution is no solution,” he added.

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Ukrainian drones attacked Moscow for the second consecutive night as the Russian capital prepares to host a major annual military parade expected to be attended by world leaders including China’s Xi Jinping.

Moscow Mayor Sergey Sobyanin said in a Telegram post Tuesday that at least 19 Ukrainian drones were destroyed on their approach to the capital overnight, one night after Russian air defenses shot down four drones near the city.

There were no immediate reports of serious damage or casualties following the overnight drone attack on Moscow, but debris from downed drones fell on a major highway, according to the city’s mayor on Tuesday. Flights were also suspended as a safety precaution at four of the capital’s airports, according to Russian aviation authorities.

The latest Ukrainian attack on Moscow comes ahead of Xi’s expected arrival in the Russian capital on Wednesday for a three-day state visit, in which the Chinese leader will take part in Friday’s May 9 Victory Day celebrations, according to a Kremlin statement Sunday.

Brazil’s President Luiz Inacio Lula da Silva, Vietnam’s President To Lam and Belarussian leader Aleksandr Lukashenko are among other leaders expected to attend.

Victory Day is the most significant day in Russian President Vladimir Putin’s calendar, as he has long used it to rally public support and demonstrate the country’s military prowess.

Thousands of people are expected to line the streets of Moscow’s Red Square on Friday in an exhibition of patriotism marking the Soviet Union’s role in defeating Nazi Germany and commemorating the more than 25 million Soviet soldiers and civilians who died during World War II.

Putin last month declared a unilateral three-day ceasefire in Ukraine to coincide with the May 9 celebrations based on what he called “humanitarian considerations.”

The Russian leader’s announcement was met with skepticism in Ukraine and renewed urging from the White House for a “permanent ceasefire” as the Trump administration ramps up pressure on Moscow and Kyiv to agree to a deal to end the war.

Ukrainian President Volodymyr Zelensky criticized the three-day ceasefire, saying he was only ready to sign up for a longer truce of at least 30 days.

And in a message to dignitaries traveling to Russia for the Victory Day celebrations, the Ukrainian leader warned that Kyiv “cannot be responsible for what happens on the territory of the Russian Federation,” due to the ongoing conflict.

Kyiv won’t be “playing games to create a pleasant atmosphere to allow for Putin’s exit from isolation on 9 May,” Zelensky said in his nightly address on Saturday.

In response, Russia’s foreign ministry said his comments amounted to a threat.

Zelensky has demanded answers from China in recent weeks, after he revealed that two Chinese fighters had been captured by Ukraine in early April and claimed there were “many more” in Russia’s ranks.

Beijing denied any involvement and repeated previous calls for Chinese citizens to “refrain from participating in military actions of any party.”

Kyiv has increasingly turned to drones to level the playing field with Russia, which boasts superior manpower and resources. On Saturday, Ukraine claimed it shot down a Russian Su-30 fighter jet in the Black Sea using a seaborne drone for the first time.

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Japan’s Emperor Emeritus Akihito will be admitted to hospital for heart tests on Tuesday, public broadcaster NHK reported, citing the Imperial Household Agency.

Akihito, 91, who is retired, is the father of Emperor Naruhito. He abdicated from the Chrysanthemum Throne in 2019, seven years after he had heart bypass surgery.

The former emperor will undergo tests at the University of Tokyo Hospital after signs of myocardial ischemia were found during a regular checkup last month, NHK reported, citing the Imperial Household Agency. The condition reduces blood flow to the heart muscle.

Akihito, who ascended to the throne after his father, Hirohito, died in 1989, became the first Japanese monarch in 200 years to abdicate his post.

He cited health reasons for standing down, having undergone heart surgery and been treated for prostate cancer in the years preceding his abdication.

A man prepared to break with tradition, Akihito was the first Japanese emperor to marry a commoner, speak to his subjects live on television, and be hands-on in raising his children.

The emperor is a ceremonial but revered figure in Japan’s constitutional monarchy. It is the oldest hereditary monarchy in the world, dating back 14 centuries.

This post appeared first on cnn.com