Author

admin

Browsing

U.S. Attorney General Pam Bondi on Tuesday hosted Cabinet officials from across the Trump administration for the first meeting of a new interagency task force aimed at eradicating ‘anti-Christian bias’ within the federal government. 

During Tuesday’s meeting, Bondi described the task force as one aimed at remedying the ‘abuse’ under the Biden-led Justice Department and at other federal agencies prior to Trump’s second presidential term.

‘As President Donald Trump has stated, the Biden administration engaged in an egregious pattern of targeting peaceful Christians while ignoring violent, anti-Christian offenses,’ Bondi told a small group of reporters. ‘The president is right.’ 

Bondi was joined Tuesday by a long list of senior Cabinet officials from across the federal government, including Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, FBI Director Kash Patel, Homeland Security Secretary Kristi Noem, and HHS Secretary Robert F. Kennedy, Jr.

Other senior agency officials were also present. 

Bondi also used the meeting to highlight some of the actions the Trump administration has taken to crack down on anti-Christian biases.

To date, the Justice Department has dropped three ongoing cases against pro-lifers and ‘redefined the FACE Act’ to help protect against what Bondi and others have described as the weaponization of pro-life groups and others.

Ultimately, ‘the First Amendment isn’t just the line in the Constitution. It’s the cornerstone of our American memory,’ Bondi said. ‘It guarantees every citizen the right to speak freely, worship freely, and live according to their conscience without government interference. Protecting Christians from bias is not favoritism. It’s upholding the rule of law and fulfilling the constitutional promise.’

Deputy Attorney General Todd Blanche said the group planned to use the meeting to hear from individuals who had been harmed as a result of ‘anti-Christian sentiment’ under the Biden administration, and the various ways this bias may have shown up in their departments or agencies. 

That part of the meeting was closed to the press.

Shortly before reporters were escorted from the room, Fox News asked the Department of Justice officials and other members of the task force whether they would share any examples of the anti-Christian bias within their agencies or any of the personal stories that they planned to touch on in the closed-door portion of the meeting.

The officials in attendance did not immediately answer the question, and Justice Department officials told Fox News and other reporters present that they would circulate more information after the meeting.  

Trump first created the task force via an executive order in February, with the goal of rooting out ‘anti-Christian targeting and discrimination’ within the government.

The president also selected Bondi to head up the task force — whom he praised as someone he trusted to ‘fully prosecute anti-Christian violence and vandalism in our society.’

The task force’s first meeting comes just days after Politico reported that the Trump administration sent an internal cable to State Department employees ordering them to report any instances of coworkers displaying ‘anti-Christian bias’ as part of the task force initiative.

The internal cable encouraged employees to share information via a tip form, noting that their responses could be kept anonymous, and was reportedly sent to embassies around the world, as well as the department headquarters in D.C.

‘Biden’s Department of Justice abused and targeted Christians,’ Trump said earlier this year. ‘Pro-life Christians were arrested and imprisoned for peacefully praying outside abortion clinics… NO MORE!’

This post appeared first on FOX NEWS

A federal judge ordered the restoration of Voice of America (VoA) on Tuesday, the federally-funded state media network that the White House dismantled earlier this spring.

Judge Royce Lamberth ruled in favor of the plaintiff’s request for a preliminary injunction, though the Trump administration is allowed to appeal the decision.

The plaintiffs asked the court to ‘cancel the orders putting approximately 1,300 VOA employees on administrative leave’ and to ‘cancel the termination of contracts with approximately 500 personal service contractors (PSCs) with VOA, cease dismantling VOA, and restore VOA’s personnel and operating capacities.’

President Donald Trump dismantled the news agency through an executive order (EO) in March, claiming that VoA promoted biased reporting.

‘The non-statutory components and functions of the following governmental entities shall be eliminated to the maximum extent consistent with applicable law, and such entities shall reduce the performance of their statutory functions and associated personnel to the minimum presence and function required by law,’ the EO stated. 

The EO also dismantled VoA’s parent company, the United States Agency for Global Media, as well as Radio Free Europe/Radio Liberty. 

‘Voice of America has been out of step with America for years. It serves as the Voice for Radical America and has pushed divisive propaganda for years now,’ a senior White House official told Fox News Digital at the time.

On Mar. 22, VoA employees filed a lawsuit against the Trump administration and Kari Lake, who serves as the special advisor to the United States Agency for Global Media.

‘In many parts of the world, a crucial source of objective news is gone, and only censored state-sponsored news media is left to fill the void,’ the lawsuit reads.

‘The second Trump administration has taken a chainsaw to the agency as a whole in an attempt to shutter it completely,’ the suit stated.

Fox News Digital’s Emma Colton and Hanna Panreck contributed to this report.

This post appeared first on FOX NEWS

Rep. Dan Meuser, a Pennsylvania Republican, is supporting the White House’s proposed tax hike for people making more than $1 million. 

‘I believe we must help the President deliver on his promise of a tax and regulatory plan that supports pro-American economic and manufacturing growth, and delivers for the vast majority of Americans – while creating savings and promoting fiscal responsibility. Any adjustments in taxes to accomplish these goals should be considered,’ Meuser told Fox News Digital in a statement on Tuesday. 

Last week, White House aides began quietly floating a proposal to House Republicans that would raise the tax rate to 40% for Americans making more than $1 million, sources told Fox News Digital about the preliminary discussions. The plan would shore up income to fund President Donald Trump’s ambitious campaign promises to eliminate taxes on overtime, tips and Social Security.

On Thursday, Meuser said on ‘Mornings with Maria’ that he suggested a less than 2% tax hike for the ‘wealthy, high-end income’ tax bracket months ago. He noted that Trump’s 2017 Tax Cuts and Jobs Act lowered the top tax rate from 39.6% to 37%, so raising it to 38.6% would still keep it below the pre-TCJA level by nearly one percentage point.

‘We’re fighting for small business. We’re fighting for all of America and for the job creators that might be in those categories. So, if you were to bring it up by 1 point, it brings $15 billion in revenues, right? Without any elasticity, which could take place. So, if it did come up to 39[%], it’s almost $25 billion,’ Meuser said, touting the billions in revenue that a small tax hike could reap for the economy. 

The Pennsylvania Republican, who joined Trump on the 2024 campaign trail and is considered a potential candidate to challenge Gov. Josh Shapiro in 2026, stressed Trump’s all-of-the-above tax approach.

‘The president is determined not to have a standard – and this is my view, from what I’ve based upon him, I’m not putting in words in his mouth – a standard Republican-style budget. What he wants to see is something that is in the interest of all America, middle-income America, small businesses, and by the way, we would be talking about an exemption for pass-through small businesses so they would not be paying at the higher rate, as they do now, at their income level rate,’ Meuser said. 

While Meuser has indicated his warmth to the idea of tax hikes for the ultra-wealthy, other conservatives have remained steadfast in their rejection of any tax increases. 

Sen. Josh Hawley, R-Mo., told Fox News Digital last week that tax cuts are ‘what Republicans are good at’ as he urged his fellow Republicans to protect tax cuts for working-class Americans who fuel Trump’s base. More Republicans, including Sen. Mike Rounds of South Dakota and Rep. Tom Tiffany of Wisconsin are pushing to make Trump’s 2017 tax cuts permanent, which is considered a Republican priority during budget negotiations. 

Former Vice President Mike Pence, who refers to the 2017 tax cuts as the ‘Trump-Pence tax cuts,’ last week urged House Republicans to stand firm against raising taxes on the country’s top earners and make the 2017 tax cuts permanent. 

Advancing American Freedom, Pence’s conservative policy advocacy group, sent a letter to congressional Republicans, including House Ways and Means Committee Chair Rep. Jason Smith, R-Mo., and Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, last week, urging Congress to ‘stand firm against tax hikes.’

Fox News Digital’s Elizabeth Elkind contributed to this report.

This post appeared first on FOX NEWS

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (FSE: 2RX) (‘Radisson’ or the ‘Company’) is pleased to announce that it intends to raise C$7 Million in a non-brokered private placement (the ‘Offering’), with the proceeds directed towards advancing the exploration and development of the Company’s O’Brien Gold Project located in the Abitibi region of Québec and for general corporate purposes.

The Offering will include the sale of the following securities (collectively, the ‘Securities‘):

  • Class A common shares of the Company (the ‘FT Shares‘) which shall each qualify as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada) (‘ITA‘) and section 359.1 of the Taxation Act (Québec) (the ‘Québec Tax Act‘), at a price of C$0.34 per FT Share; and,
  • Class A common shares of the Company (‘Common Shares‘) at a price of C$0.30 per Common Share.

The gross proceeds received by the Corporation from the sale of the FT Shares will be used to incur Canadian Exploration Expenses (‘CEE‘) that are ‘flow-through mining expenditures’ (as such terms are defined in the Income Tax Act (Canada)) on the O’Brien Gold Project in the Province of Québec, which will be renounced to the subscribers with an effective date no later than December 31, 2025, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of FT Shares.

The closing of the Offering is expected to occur on or about May 15, 2025, and is subject to receipt of all necessary regulatory approvals including the acceptance of the Offering by the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue. A finder’s fee may apply to a portion of the proceeds raised under the Offering in the amount of 6% cash.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

It is anticipated that one or more directors will acquire Securities under the Offering. Any such participation will be considered a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101‘). It is anticipated that the transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on a determination that the securities of the Company are listed on the TSXV and that the fair market value of the Offering, insofar as it involves interested parties, will not exceed 25% of the market capitalization of the Company.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 ‘Technical Report on the O’Brien Project, Northwestern Québec, Canada’ effective March 2, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com

Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com

Forward-Looking Statements

This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249318

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

The gold price reached yet another record high on Tuesday (April 22), hitting US$3,500 per ounce.

In trading on Monday (April 21), the precious metal surged past the US$3,400 mark; it then briefly touched US$3,500 early on Tuesday morning before settling in the US$3,425 to US$3,450 range.

Gold has been on the rise all year, with the latest boost coming after US Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago on April 16. In his remarks, he said he expects US President Donald Trump’s tariff policy to negatively impact American economic growth and further fuel inflation in the country.

Gold’s momentum was boosted in the following days as Trump made his own statements suggesting he is seeking ways to remove Powell as the head of the US central bank. However, the Fed operates at arm’s length, and it would require an act of Congress to remove Powell from his post. Powell’s term is set to expire in May 2026.

As gold soared, the US dollar sank to its lowest point in three years, falling as low as 97.95 points.

Gold price chart, April 15 to 22, 2025.

Gold has soared in recent weeks amid the chaos caused by Trump’s tariff announcements on April 2.

Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect later on. However, on April 9, Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.

Trump may have been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff as US tariffs and worries about the US economy’s stability spooked traders.

Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.

The net effect of Trump’s actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.

Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.

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

Keep reading…Show less
This post appeared first on investingnews.com

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the ‘Company’ or ‘Lahontan’) is pleased to announce that, further to its press release of April 8, 2025, the Company has increased the size of its non-brokered private placement financing to up to 44,000,000 units (each, a ‘Unit’) at a price of $0.05 per Unit for aggregate gross proceeds of up to $2,200,000 (the ‘Offering’).

Each Unit is comprised of one common share of the Company (each, a ‘Common Share‘) and one-half of one whole Common Share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the ‘Reduced Warrant Term‘) such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term

Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration at the Company’s Santa Fe Mine Project.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing*. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com.

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, Chief Executive Officer, President, Director

Phone: 1-530-414-4400

Email:
Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249396

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Over the past year, copper prices have reached record highs on two occasions, the most recent being on March 26, when they soared to US$5.26 per pound.

These high prices stem from an increasingly tight copper market, driven by rising demand from population growth and migration in the global south, as well as growing pressures from the energy transition.

This situation is compounded by a limited number of greenfield projects that would introduce new deposits, as opposed to brownfield projects that merely extend the life of existing mines.

The first quarter of the year also witnessed some panic buying, as traders moved inventories into the US to anticipate any tariff-related price increases. Interest in companies developing US copper mines has increased as well as new US President Donald Trump looks to expedite critical metals projects.

Against that backdrop, how have TSX-listed copper companies performed? Learn about the top five best-performing copper stocks in 2025 by year-to-date gains below. Data for this article was retrieved on April 7, 2025, using TradingView’s stock screener, and only companies with market capitalizations greater than C$50 million are included.

1. Northern Dynasty Minerals (TSX:NDM)

Year-to-date gain: 44.71 percent
Market cap: C$689.38 million
Share price: C$1.23

Northern Dynasty Minerals is an exploration and development company focused on the Pebble project, a copper-molybdenum-gold-silver project located 200 miles southwest of Anchorage in the Bristol Bay region of Alaska, US.

Northern Dynasty says the site is “one of the greatest stores of mineral wealth ever discovered.” It hosts a measured and indicated copper resource of 6.5 billion metric tons (MT) and an inferred copper resource of 4.5 billion MT. Measured and indicated resources for molybdenum, gold and silver total 1.26 million MT, 53.82 million ounces and 249.3 million ounces, respectively.

The project stalled in 2020 during the permitting phase following a US Environmental Protection Agency (EPA) veto that suggested the proposed mine would damage the Bristol Bay watershed. However, shares of the company surged following Northern Dynasty’s July 2023 announcement that Alaska had appealed to the US Supreme Court to reverse the veto.

However, early in 2024, the US Supreme Court declined to hear the matter on procedural grounds, sending it back to the federal district court and federal circuit of appeals before the Supreme Court would hear it.

Northern Dynasty spent the remainder of 2024 advancing its case in the Alaskan state court. On March 15, it announced the filing of actions to vacate the EPA’s veto. The State of Alaska and two Alaskan Native village corporations followed by filing their own separate suits to vacate.

In August, the Federal District Court granted Northern Dynasty’s motion to modify the complaint by adding the US Army Corps of Engineers as defendants. The company contended that the EPA’s decision was based on the original USACE permit denial and asserted that the decisions were politically motivated.

The latest news from the case came on February 18, when Northern Dynasty announced it would not object to the EPA and USACE motion to halt proceedings for 90 days to allow the incoming Trump administration more time to review the case.

Shares in Northern Dynasty surged following Trump’s March 20 executive order calling for expedited approvals for domestic mineral production and identified copper as a critical mineral. In the order, Trump stated that dependence on mineral production from hostile powers jeopardized national and economic security, urging that the US take immediate steps to boost domestic production.

Shares of Northern Dynasty reached a year-to-date high of C$1.69 on March 25.

2. Arizona Sonoran Copper Company (TSX:ASCU)

Year-to-date gain: 33.79 percent
Market cap: C$268.43 million
Share price: C$1.94

Arizona Sonoran Copper is a development and exploration company dedicated to advancing the Cactus project in Arizona, United States, towards production.

The brownfield asset, situated near Phoenix, was operational from 1972 to 1984. Since then, Arizona has made substantial investments in the project, including a US$20 million reclamation program aimed at remediating the property.

The site features the past-producing Sacaton mine, one historic stockpile, as well as the Cactus East, Cactus West and Parks/Alyer deposits, which span a 5.5 kilometer trend.

According to a preliminary economic assessment from August 2024, at a copper price of US$3.90 per pound the project has an after-tax net present value of US$2.03 billion, an internal rate of return of 24 percent and a payback period of 4.9 years.

Once operational, in the first 20 years the mine is expected to yield an average of 232 million pounds of copper cathode per year. Over its full 31 year mine life, the company anticipates total copper cathode production of 5.34 billion pounds.

The most recent update from the project was on February 25, when the company released assay results from an exploration program at the Parks/Salyer deposit. The release included notable drill core results, with one 391 meter interval showing continuous mineralization at an average grade of 0.74 percent total copper. In that section, a 242 meter interval had an average grade of 0.98 percent total copper and 0.75 percent soluble copper.

Shares in Arizona Sonoran reached a year-to-date high of C$2.44 on March 26.

3. Imperial Metals (TSX:III)

Year-to-date gain: 29.35 percent
Market cap: C$385.25 million
Share price: C$2.38

Imperial Metals is a mine development and production company with operations in British Columbia, Canada.

Its operations include a 30 percent interest in the Red Chris mine in BC’s Golden Triangle, with the remainder owned by Newmont (TSX:NGT,NYSE:NEM,ASX:NEM). Imperial also fully owns the Mount Polley copper-gold mine, which reopened in June 2022, and the Huckleberry mine, which has been under care and maintenance since 2016.

On January 29, the company announced that the Mount Polley mine had met its 2024 guidance, producing 35.7 million pounds of copper and 39,108 ounces of gold.

It also provided an update on its Phase 2 exploration program at Mount Polley, which comprised 6,748 meters across 27 drill holes with both near-pit drilling and drilling of high-priority targets outside the active pit area. The company highlighted one assay result of 0.72 percent copper and 1.43 grams per metric ton (g/t) gold over 127 meters, which included an intersection of 21.5 meters with 1.34 percent copper and 2.65 g/t gold.

Imperial followed this report with updates on 2024 production from Red Chris on February 20. In that statement, it indicated that its share of production was 25.6 million pounds of copper and 17,943 ounces of gold, a significant increase over the 17.12 million pounds of copper and 13,814 ounces of gold produced in 2023. Newmont’s 100 percent 2025 guidance for Red Chris is 88 million pounds of copper and 86,000 ounces of gold.

The release also reported 2025 guidance for Mount Polley. While gold production is anticipated to be in line with 2024, Imperial expects lower copper production in the range of 25 million to 27 million pounds.

According to the release, ‘Phase 4 Springer Pit ore, which has a higher recoverable copper grade is targeted to be fully mined by the third quarter of 2025, with the lower copper grade from the Phase 5 pushback in the Springer pit delivering process ore in the fourth quarter of 2025.’

Shares in Imperial Metals reached a year-to-date high of C$2.80 on April 1.

4. Gunnison Copper (TSX:GCU)

Year-to-date gain: 21.43 percent
Market cap: C$74.12 million
Share price: C$0.255

Gunnison Copper is a copper development company working to advance its Gunnison and Johnson Camp projects in Arizona into production.

Gunnison was originally scheduled to begin operating in 2020 as an in-situ recovery (ISR) project, but startup was delayed due to low flow rates. Gunnison Copper has been evaluating different alternatives to overcome the challenges and obtained permits to begin well simulation using small-scale, shallow-level hydraulic fracking.

However, the company determined that an open-pit operation has ‘substantially improved viability’ compared to the ISR operation at this time, and is now advancing the permitting process for the open pit. Gunnison intends to maintain the option of its fully permitted ISR operation and well stimulation.

Once the open-pit mine is in operation, Gunnison estimates an average annual production of 167 million pounds of copper cathode. The probable mineral reserve for the in-situ operation as of 2016 is 4.5 billion pounds of copper from 782.2 million MT of ore with an average grade of 0.29 percent. The open pit’s 2024 mineral resource estimate showed a measured and indicated resource of 5.1 billion pounds of copper from 831.6 million MT of ore with an average copper grade of 0.31 percent.

The company is also working on restarting operations at the Johnson Camp mine in Cochise County, Arizona. Funding for the project will come from Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) subsidiary Nuton, which will also utilize its proprietary heap leach technology. Once mining operations commence, Nuton will have the option to form a 49/51 joint venture with Gunnison.

In a project update on March 21, the company stated that construction at the Johnson Camp mine was on track to begin its first cathode production in Q3 2025. It also noted that the mining of mineralized material began in January and is being stockpiled in anticipation of the completion of the leach pad.

Shares in Gunnison reached a year-to-date high of C$0.40 on March 24.

5. St. Augustine Gold and Copper (TSX:SAU)

Year-to-date gain: 12.5 percent
Market cap: C$91.03 million
Share price: C$0.09

St. Augustine is a mining development company focused on its King-King project in the Mindanao province of the Philippines.

The project consists of 184 mining claims. According to the most recent preliminary economic assessment from 2013, the company projected an after-tax net present value of US$1.78 billion, with an internal rate of return of 24 percent and a payback period of 2.4 years at a copper price of US$3 per pound and a gold price of US$1,250 per ounce.

The latest news from the company came on March 31 when it released its management discussion and analysis for the year ending December 31, 2024.

In the release, it outlined the current state of the project, which has faced prolonged legal delays. The most significant occurred in 2017 when the Philippine Department of Environment and Natural Resources ordered a moratorium on open-pit mining for copper, gold, silver and complex ores.

The company stated that to date, there has been no resolution regarding the overturning of the moratorium.

Shares in St. Augustine Gold and Copper reached a year-to-date high of C$0.10 on April 1.

FAQs for investing in copper

Is copper a good investment in 2024?

Many experts have a positive long-term outlook for the red metal based on supply concerns and its growing role in the energy transition. Copper’s price has climbed to new all time highs in 2024, bringing many stocks with it.

Investors who are interested in copper should make sure to perform their due diligence, as the volatility and unpredictability of markets and economies at the moment means that nothing is guaranteed.

What is copper used for?

Copper is used in many industries, from construction to electronics to medical equipment. In fact, in 2020, 32 percent of copper globally was used in equipment manufacturing and 28 percent in building construction.

Two other growing sectors for copper are the burgeoning electric vehicle and green energy industries. Electric vehicles require a significant amount of the red metal per vehicle.

How to invest in copper?

Investors can get exposure to copper in a variety of ways. Holding physical copper is possible, but plenty of storage would be required to hold any significant value of the metal.

For investors looking to invest in the metal without physically holding it, there are a few options. Copper stocks such as those on the TSX, TSXV and ASX are worth looking at. Additionally, there are copper exchange-traded funds and the copper options and futures markets on the London Metal Exchange.

How to invest in a copper ETF?

Copper exchange-traded funds (ETFs) can be a good way to diversify an investment portfolio, and they can be a more stable option compared to individual copper miners or explorers. There are multiple options available on the market, and they can usually be purchased in the same way one could purchase stocks through a broker or trading platform.

In May 2022, Horizons launched Canada’s first copper equities ETF, the Horizons Copper Producers Index ETF (TSX:COPP), which is focused solely on pure-play and diversified copper-mining companies.

There are two ETFs available on the US ARCA exchange as well. The Global X Copper Miners ETF (ARCA:COPX) tracks the Solactive Global Copper Miners Index, which includes copper miners, as well as copper explorers and developers. The other option is the United States Copper Index Fund (ARCA:CPER), which gives investors exposure to copper futures contracts by tracking the SummerHaven Copper Index Total Return (INDEXNYSEGIS:SCITR).

How is copper priced?

The copper price is tracked in two ways: COMEX copper and London Metal Exchange (LME) copper. The COMEX and LME are both options and futures metal exchanges, with the former being headquartered in New York and the latter in London. COMEX copper is priced by the pound, while LME copper is priced per metric ton.

How is copper processed?

Once copper is mined, the ore goes through multiple steps to reach a market-ready state. First, the ore is ground to roughly separate the rock from the copper, as copper typically only makes up 1 percent of the mined rock.

The resultant copper is then slurried with water and chemical reagents, after which air is used to float the copper to the top of the mixture. After the copper is removed from this, it is typically at 24 to 40 percent purity.

Where is copper mined?

Copper is mined throughout the world, with significant production found on every continent besides Antarctica. Chile was the top producer in 2022, putting out 5 million metric tons of the metal. Rounding out the top five are Peru with 2.6 million MT, the Democratic Republic of Congo with 2.5 million MT, China with 1.7 million MT and the United States with 1.1 million MT.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, own shares of Northern Dynasty Minerals.

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

Keep reading…Show less
This post appeared first on investingnews.com

Biotech is a dynamic industry that is driving scientific advances and innovation in healthcare. In Canada, the biotech sector is home to companies pursuing cutting-edge therapies and medical technologies.

According to Grandview Research, the global biotech market is expected to grow at a compound annual growth rate of 13.96 percent between 2024 and 2030 to reach a value of US$3.08 trillion.

Read on to learn what’s been driving these Canadian biotech firms.

1. Bright Minds Biosciences (CSE:DRUG)

Year-on-year gain: 2,681.82 percent
Market cap: C$322.61 million
Share price: C$45.90

Bright Minds Biosciences is focused on developing novel treatments for neuropsychiatric disorders and pain.

Its portfolio consists of serotonin agonists designed to target neurocircuit abnormalities that make disorders like epilepsy, post-traumatic stress disorder and depression difficult to treat. The company’s drugs have been designed to potentially retain the powerful therapeutic aspects of psychedelic and other serotonergic compounds, while minimizing their side effects, thereby creating superior drugs to first-generation compounds such as psilocybin.

In October 2024, the company’s share price surged nearly 1,500 percent in a single session after global pharmaceutical company H. Lundbeck announced its intention to acquire Longboard Pharmaceuticals. Both Longboard and Bright Minds have agonists targeting the 5-HT2C receptorin their pipelines.

Bright Minds’ 5-HT2C agonist candidate, BMB-101, will target classic absence epilepsy and developmental epileptic encephalopathy. The company is currently evaluating Phase II trials in collaboration with Firefly Neuroscience (NASDAQ:AIFF).

In March of this year, Bright Minds added five world-renowned leaders in epilepsy research to its scientific advisory board.

2. ME Therapeutics Holdings (CSE:METX)

Year-on-year gain: 145.9 percent
Market cap: C$235.71 million
Share price: C$9.00

ME Therapeutics is a biotechnology company focused on developing cancer-fighting drug candidates that can increase the efficacy of current immuno-oncology drugs by targeting suppressive myeloid cells, which have been found to hinder the effectiveness of existing immuno-oncology treatments. Immuno-oncology is a relatively new area of cancer drug research and has shown promising results when used to treat cancer with low survival rates.

In December 2023, the company shared research done in collaboration with Dr. Kenneth Harder at the University of British Columbia. The work suggests that ME Therapeutics’ antibody, h1B11-12, successfully blocks a protein that fuels breast and colon cancer growth (G-CSF). Trial planning efforts are ongoing, and the company expects development of a cell line for future production of the drug to be finished in the latter half of 2025.

In addition, the company is part of an ongoing collaborative effort to develop therapeutic MRNA delivery methods to myeloid cells with NanoVation Therapeutics, a privately owned biotech company that develops customized nucleic acid and lipid nanoparticle technologies to empower genetic medicine.

The collaboration has already resulted in two new MRNA formulations, for which testing began on October 4, and has demonstrated encouraging anti-cancer activity in a preclinical model of colorectal cancer.

On March 3, ME Therapeutics shared that it is exploring a listing on the Nasdaq or the New York Stock Exchange.

3. Hemostemix (TSXV:HEM)

Year-on-year gain: 80 percent
Market cap: C$13.36 million
Share price: C$0.09

Hemostemix is a clinical-stage biotech company focused on developing autologous stem cell therapies, an approach that uses a patient’s own cells to theoretically enhance safety and efficacy. Its main product, ACP-01, is a cell therapy derived from a patient’s blood to promote tissue repair and regeneration in areas affected by disease.

The company announced its first sales orders for ACP-01 on January 29 and has been working to expand internationally and attract new investment.

Hemostemix is currently collaborating with Firefly Neuroscience on a Phase 1 clinical trial of ACP-01 for vascular dementia. As of writing, efforts to fully enroll the trial to its target size are underway.

4. Eupraxia Pharmaceuticals (TSX:EPRX)

Year-on-year gain: 17.07 percent
Market cap: C$173.51 million
Share price: C$5.28

Eupraxia Pharmaceuticals focuses on developing locally delivered therapeutics for patients with unmet medical needs. Its primary focus has been orthopedics and oncology. Eupraxia acquired EpiPharma Therapeutics in late 2023, absorbing the company’s lead candidate EP-104GI.

In February, the company released positive data from the sixth cohort of its Phase 1b/2a trial for EP-104GI in eosinophilic esophagitis. It plans to release additional data periodically, with 12 week data for the trial’s seventh cohort expected in late Q2 2025.

5. Microbix Biosystems (TSX:MBX)

Year-on-year gain: 4.48 percent
Market cap: C$48.17 million
Share price: C$0.35

Microbix Biosystems manufactures antigens and quality control products used in the development of diagnostic tests. They also develop products to ensure test accuracy.

In January, Microbix partnered with the American Proficiency Institute to launch a pilot program to validate the accuracy of molecular assays in testing the H5N1 strain of the influenza A virus.

In March, the company joined the EPICC HPV Elimination Partnership to support test accuracy by supplying materials to support the accuracy of HPV testing efforts. These strategic collaborations highlight the company’s commitment to ensuring reliable and accurate diagnostic testing worldwide.

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

Keep reading…Show less
This post appeared first on investingnews.com

Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion.

The company announced Monday that it has signed a development agreement with Alsea, which operates Latin American and European locations of Starbucks, Domino’s Pizza and Burger King, among other chains.

After the initial restaurant opens in 2026, Chipotle plans to explore “additional expansion markets in the region,” which could mean broader Latin American development.

The deal to expand in Mexico comes as President Donald Trump wages a trade war with the country, straining the relationship between the two neighbors. Avocados from Mexico were originally subject to a 25% tariff until he paused new duties on goods compliant with the United States-Mexico-Canada Agreement. While Chipotle has diversified its avocado sourcing in recent years, it still imports about half of its avocados from Mexico.

In recent years, Chipotle has been trying to expand internationally, after decades focusing almost entirely on its U.S. business. The company operates 58 locations in Canada, 20 in the United Kingdom, six in France and two in Germany. Chipotle also currently has three restaurants in Kuwait and two in the United Arab Emirates through a deal with Alshaya Group.

Chipotle is betting that Mexico’s familiarity with its ingredients and appreciation for fresh food will win over consumers, according to a statement from Nate Lawton, Chipotle’s chief business development officer.

But U.S. interpretations of Mexican food don’t always resonate in the market; Yum Brands’ Taco Bell has twice attempted to expand into Mexico, but both efforts failed quickly.

This post appeared first on NBC NEWS

RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of higher prices for major U.S. manufacturers that rely on a global supply chain.

Neil Mitchill, chief financial officer of defense contractor and commercial aerospace supplier RTX, said on an earnings call Tuesday that the company will likely take a $850 million hit this year from tariffs, including the sweeping 10% levies that Trump imposed earlier this month alongside higher duties on countries like China and separate taxes on imported steel and aluminum.

That estimate doesn’t include RTX’s own tariff mitigation measures, Mitchill said.

GE Aerospace, which makes engines for popular Boeing and Airbus planes, kept its 2025 earnings outlook in place during its quarterly report Tuesday and said it would seek to save about $500 million by cutting costs and raising prices.

GE Aerospace CEO Larry Culp said on Tuesday’s analyst call that he recently met with Trump and discussed the U.S. aerospace sector’s trade surplus. GE has a joint venture with France’s Safran to make popular airplane engines.

The new tariffs are a shift for a global industry that has enjoyed mostly duty-free trade for decades.

“All we have suggested is the administration works through a myriad of issues, is they can consider the position of strength that the country enjoys as a result of this tariff-free regime,” Culp said.

The White House didn’t immediately comment.

Boeing, a major customer of both companies and the top U.S. exporter, is scheduled to report quarterly results before the market opens on Wednesday.

Airlines have recently announced cuts to U.S. domestic capacity plans this year because of softer demand, but executives have emphasized it is hard to predict the direction of the economy or future trade policies. United last week provided two earnings outlooks for 2025, one in the event of a recession, one assuming status quo.

“There is uncertainty,” Culp said Tuesday. “None of us, I think, know for sure how this plays out.”

This post appeared first on NBC NEWS