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Providence Update on Tuolumne Property Lease
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Providence Update on Tuolumne Property Lease

by admin

(TheNewswire)

TheNewswire – Vancouver, BC – Providence Gold Mines Inc. (‘the Company’) announces that effective April 18, 2025, the Company’s lease agreement with the Ellers Family Trust, dated March 28, 2017 and amended April 24, 2019 and May 24, 2020, has been terminated. The lease agreement granted the Company a lease of claims comprising the Tuolumne Property in California (the ‘ Property ‘) and options to acquire a 50% working interest in the Property or purchase 100% right, title and interest in the Property. The Company intends to focus its efforts on securing a new lease for the Property on favorable terms to the Company.

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.

ON BEHALF OF THE BOARD

‘Ronald Coombes’

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes

Mobile: 1- 604- 724- 2369

rcoombesresources@gmail.com

Cautionary Statements Regarding Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will be able to focus its efforts on securing a new property agreement. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the nature of the Company’s negotiations with counter parties, fluctuating gold prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.


Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.


The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We seek safe harbor.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Gold Price Hits New Record, Breaking US$3,300 for First Time
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Gold Price Hits New Record, Breaking US$3,300 for First Time

by admin

The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In trading on Wednesday it surged past the US$3,200 mark, climbing as high as US$3,354.10 per ounce. The price retreated below the US$3,300 mark on Thursday (April 17).

The rise comes after statements from US Federal Reserve Chairman Jerome Powell made at the Economic Club of Chicago on Wednesday. In his remarks, he said that he expects US President Donald Trump’s tariff policy to negatively impact US economic growth and further fuel inflation.

In addition to gold climbing to record highs, the US dollar sank to its lowest point in three years with the DXY dollar index falling to 99.3 points on Thursday.

Gold price chart, April 10, 2025, to April 17, 2025.

Gold prices have soared in recent weeks amidst the chaos caused by Donald 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 this week. 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 also 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 this week 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.

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Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties
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Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

by admin

Finlay Minerals Ltd.( TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) announces that the Company has entered into two definitive earn-in agreements (the ‘Earn-In Agreements’) with Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport’), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the ‘Properties’) in the Toodoggone District of northern British Columbia.

Highlights

  • Freeport may earn 80% of the PIL and ATTY Projects by expending $35 million in Exploration Expenditures and making Cash Payments of $4.1 million – (Refer to Table 1 below for further details);
  • Finlay will act as the Operator during the Earn-In period; and
  • Exploration Program planning is underway and will be announced shortly.

The earn-in in respect of each of the Properties may be exercised separately. Following the completion of the earn-in on either of the Properties, Freeport and Finlay will respectively hold interests of 80% and 20% in such Property, and a joint venture will be formed for further exploration and development. In the event that a party does not fund their portion of further joint venture programs, their interests in the joint venture will dilute. Any party that dilutes to below a 10% interest in the joint venture will exchange its joint venture interest for a net smelter returns (‘NSR‘) royalty of 1% on the applicable Property, which is subject to a 0.5% buyback for USD $2,000,000.

The earn-in requirements can be accelerated by Freeport at its discretion. During the earn-in period, Finlay will be the Operator on the Properties, collecting an operator’s fee, under the direction of a technical committee that will approve work programs and budgets during the earn-in period.

The PIL & ATTY Properties are each subject to a 3.0% NSR royalty held by Electrum Resource Corporation (‘Electrum’), a private company, the outstanding voting shares of which are held by Company directors: John A. Barakso and Ilona B. Lindsay. The Company has a current right to buy back ½ of the royalty (1.5%) on each property for an aggregate payment of $2,000,000 and $1,500,000 respectively. Finlay and Electrum have agreed that upon the exercise of the earn-in in respect of each Property by Freeport, the buy-back right will be amended to provide for a 2.0% buyback for each Property, in consideration for an increased buy-back payment to be sole-funded by Freeport without joint venture dilution to Finlay, and will be divided equally between Finlay and Electrum.

Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

The Earn-In Agreements were executed and delivered on April 17, 2025 and are subject to approval of the TSX Venture Exchange. Finlay and Freeport are arms-length parties and no finders’ fees were incurred with these transactions.

About the PIL Property:

The 100% owned PIL Property covers 13,374 hectares of highly prospective ground in the prolific Toodoggone mining district of north-central British Columbia. The core PIL claims were staked over 30 years ago by the founders of the Company. Over the decades, numerous Cu-Au-Mo porphyry and porphyry-related Au-Ag epithermal targets have been identified at PIL. The identified targets are central to a broader 70 km porphyry corridor trend, which includes: Centerra Gold’s past producing Kemess South Cu-Au porphyry mine and Kemess Underground Cu-Au-Ag porphyry resource, Thesis Gold’s Lawyers-Ranch Au-Ag epithermal resource, and the newly discovered Amarc Resources and Freeport AuRORA Cu-Au-Ag porphyry. Readers are cautioned that mineralization on the foregoing regional properties is not necessarily indicative of mineralization on the PIL Property. The PIL Property is road accessible and permitted for the 2025 season. (Refer to Figure 2 Map.)

About the ATTY Property:

The 100% owned ATTY Property covers 3,875 hectares in the prolific Toodoggone mining district of north-central British Columbia. The ATTY Property adjoins Centerra Gold’s Kemess Project and Amarc Resources and Freeport’s JOY property. Several epithermal-style Ag ± Au ± Cu ± base-metal veins are exposed on the ATTY Property, and geochemical and geophysical work have outlined at least two promising porphyry targets, including the drill-ready KEM Target. The ATTY Property is road accessible and permitted for the 2025 season.

Qualified Person:

Wade Barnes, P. Geo. and Vice President, Exploration for Finlay and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with four 100% owned properties in northern British Columbia: the PIL and ATTY properties in the Toodoggone, the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag Property (15,246 ha).

Finlay Minerals is advancing the PIL, ATTY, SAY and Silver Hope Properties that host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,
Robert F. Brown
President, CEO & Director

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

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties and the potential exercise of Freeport’s option to acquire an interest in the Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

Source

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US Capital Gains Tax Guide for Gold and Silver Investors
Investing

US Capital Gains Tax Guide for Gold and Silver Investors

by admin

As gold and silver continue to prove their worth as sound investments, market participants should know how precious metals investments are taxed in the US.

While the majority of gold and silver investing comes with a certain degree of taxation, there are different levels of tax based on how market participants decide to invest in these precious metals, how long the investments are held for and the investors individual tax bracket.

Read on for a breakdown of the taxes associated with investing in gold and silver bullion, ETFs and stocks, as well as the forms involved with reporting precious metals investments.

In this article

    How are physical gold and silver taxed?

    Gold and silver bullion, coins and bars are seen as collectibles by the Internal Revenue Service (IRS) in the US. Thus, physical gold and silver, no matter the form, are subject to a higher rate of capital gains tax when they are sold. The same is true for fellow precious metals platinum and palladium.

    While long-term capital gains would typically carry a top bracket of 20 percent, collectibles can be taxed at a higher 28 percent.

    The total an investor will owe in capital gains tax when selling physical gold and silver is based both on their income bracket and the length of time they held the asset.

    The long-term capital gains tax on physical gold and silver is equal to an investor’s marginal tax rate, up to a maximum of 28 percent due to their status as a collectible, meaning those in higher tax brackets still only have to pay 28 percent on long-term gains from physical precious metals sales.

    It is worth noting that the 28 percent maximum is only for long-term capital gains, which applies to metals that an investor has held for more than one year. Short-term capital gains on precious metals held for less than one year are taxed at ordinary income rates.

    For example, a person in the highest tax bracket purchased 100 ounces of physical gold at US$1,800 per ounce and two years later sold their holdings for US$2,000 per ounce. While they are in the 37 percent tax bracket, they would pay 28 percent tax on the capital gains made from these sales. As they earned US$20,000 in capital gains, that would translate to US$5,600 in income tax.

    However, if the investor sold the gold at the same gain just 11 months after they purchased it, it would count as short-term capital gains, and the investor would be taxed at 37 percent and owe US$7,400.

    Investors who are in one of the tax brackets below 28 percent are taxed at the standard rate of their bracket when selling their solid gold and silver assets, whether they are held short- or long-term.

    Similarly to other investments, precious metals sold at a loss can be used to offset capital gains.

    How are gold and silver ETFs taxed?

    Like all other exchange-traded funds (ETFs), gold ETFs and silver ETFs act in the same manner as individual stocks, meaning that investing in these ETFs is similar to trading a stock on an exchange. There are two main types of gold and silver ETFs: those that track the prices of those metals and those that track gold or silver stocks.

    ETFs that follow metals prices provide exposure to either physical gold or silver, or gold or silver futures contracts. It is important to keep in mind that investing in these ETF platforms does not allow investors to own any physical gold or silver — in general, even an investment in an ETF that tracks physical gold or silver cannot be redeemed for the tangible metal.

    ETFs that invest in gold or silver companies provide exposure to gold- and silver-mining stocks, as well as gold- or silver-streaming stocks.

    In terms of taxation, capital gain taxes from selling gold and silver ETFs is determined by the ETF’s holdings, the investors tax bracket and how long they held the asset for.

    Funds will often supply investors with tax forms that they can use to fill out their income tax. The webpage for a fund should have a document describing how income tax is handled for that fund, which is worth reading before investing in it.

    Long-term capital gains from selling shares of gold and silver ETFs are subject to a 28 percent maximum federal income tax rate if they hold physical precious metals and 20 percent if they hold stocks. While long-term capital gains would typically be capped at 20 percent maximum rate. This is because the holdings are considered collectibles, as described in the section above. Short-term gains made from selling gold or silver ETFs are subject to a maximum federal rate of 37 percent.

    Additionally, these gains could get slapped with a 3.8 percent net investment income tax for high net-worth investors, and a state income tax may also apply.

    Futures-based commodity ETFs can come with their own set of rules that you can learn about here. Briefly, they are often taxed in a 60/40 hybrid, with 60 percent treated as long-term gains and 40 percent treated as short-term gains. Additionally, this is calculated at the end of each tax year, whether a sale is made or not.

    ETFs that hold stocks are taxed in the same way as traditional securities, which you can read more about below.

    How are gold and silver stocks taxed?

    In terms of tax on gold and silver stocks, long-term gains from selling are subject to the standard 20 percent maximum federal rate, while short-term gains will face a maximum federal rate of 37 percent. For investors in higher income brackets, there is the potential for gold and silver stock investments to also be hit with the 3.8 percent net investment income tax as well as state income tax.

    Unlike physical precious metals and ETFs that hold them, precious metals stocks are not classified as collectibles, which is why the long-term capital gains tax is capped at 20 percent instead of 28 percent.

    Stocks sold at a loss are important as well as they can be used to offset capital gains when filing income tax.

    How to report taxes on physical gold and silver investments

    Market participants who sell precious metals in the US for a profit are required to report that profit on their income tax return, regardless of whether or not the dealer has any reporting obligation.

    When selling gold and silver investments in the US, there are two different sets of reporting guidelines — one applies to the dealer through which a person sells and the other applies to the investor who is selling the asset.

    It is important to note that taxes on the sale of gold and silver will not be due the moment that the sale is made, and the tax bill for all of these sales is due at the same time as a standard income tax bill.

    For investors selling precious metals, capital gains or losses need to be reported on Schedule D of Form 1040 when making a tax return.

    Investors will first need to detail their precious metals transactions on Form 8949, including the length of time the investments were held. This form must be filed alongside Schedule D. Investors then use this information alongside the 28% Rate Gain Worksheet included in the Schedule D instructions.

    Depending on the type of metal being sold, Form 1099-B may have to be submitted to the IRS by the broker when the sale closes, as such transactions are considered income. As for when a broker will need to file Form 1099-B, there are specific rules that determine which sales of precious metals require the dealer to file this form that apply to transactions over a 24 hours period.

    For gold sales, reportable items include specific gold coins, including the 1 ounce Canadian Gold Maple Leaf and Gold Kruggerand, and gold bars and rounds of at least 0.995 fineness. As for quantity, only sales of more than 25 gold coins and or more than 1 kilogram in gold bars and rounds will require the form.

    Sales of 0.999 fine silver bars and rounds totaling over 1,000 ounces qualify. For silver coins, US coins with above 90 percent silver are reportable, but Silver American Eagle coins are not. Sales of silver coins exceeding US$1,000 will require a form.

    When it comes to selling gold and silver overseas, market participants must follow the laws as they apply to the sale of gold and silver investments in that particular country.

    The information in this article does not constitute tax advice, and investors should work with a tax professional or program to help them make sure everything is reported accurately.

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

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    Google’s Ad Tech Business Faces Uncertainty After Court Ruling
    Investing

    Google’s Ad Tech Business Faces Uncertainty After Court Ruling

    by admin

    On April 17 (Thursday), Judge Leonie Brinkema of the US District Court for the Eastern District of Virginia ruled against Google (NASDAQ:GOOGL) in the antitrust case concerning its advertising technology business, casting a shroud of uncertainty over the future of the tech giant’s online advertising business.

    Brinkema will now need to determine what remedies to impose on Google to restore fair market competition. The plaintiffs sought to force Google to divest its Ad Manager, which includes the company’s publisher ad server and its ad exchange, to restore competition in the market. This outcome is far more likely following Judge Brinkema’s ruling.

    This is a developing story happening alongside a similar case against Meta Platforms (NASDAQ:META), which is being sued by the Federal Trade Commission (FTC) for allegedly monopolizing social media through its acquisition of Instagram in 2012 and WhatsApp in 2014.

    This trial against Google began in September 2024, and the plaintiffs in the lawsuit comprise the Department of Justice (DOJ) and attorneys general from eight states.

    The plaintiffs argued that Google’s dominance in ad tech allowed it to charge higher prices and take a larger share of ad sales. They accused Google of stifling competition by controlling the technology used to place ads on websites across the internet.

    The ruling against Google marks a significant step in one of numerous anti-competitive cases brought against Google in the past few years, both in the US and internationally.

    It follows an earlier ruling in August 2024 in which Google was found to have an illegal monopoly in the online search market in the US. That case will move into the remedies phase next week, with a court date of April 21, 2025.

    “This is a game-changer,” wrote Connecticut Attorney General William Tong, one of the plaintiffs in both cases. “As Judge Brinkema writes in her decision, Google was in direct violation of the Sherman Act by dictating how digital ads are sold and the terms under which its rivals can compete.

    ‘With this victory in hand, we can hopefully work now towards restoring a fair, free, and competitive digital advertising marketplace. This decision is the first step in opening up competition so that Connecticut businesses and consumers will pay less for advertising – and therefore less for goods and services. We will no longer be under the thumb of a gigantic multinational conglomerate.”

    US District Judge Amit Mehta, who ruled against Google in the August 2024 case, has considered imposing structural remedies that could involve forcing Google to divest its Chrome business, although Google has argued divestiture would hurt consumers. Instead, the company has suggested allowing browser companies to have multiple default agreements with various search engines.

    Regulators have been digging into various aspects of Google’s business, including its advertising technology, search practices and mobile operating system.

    In addition to the current case, Google is also facing scrutiny from antitrust regulators in Europe, the UK and other jurisdictions. The outcomes of these cases could have far-reaching implications for Google’s business model and the tech industry as a whole.

    Today’s ruling signifies a major development in the ongoing scrutiny of Big Tech’s market dominance, which echoes efforts to dismantle AT&T’s (NYSE:T) phone monopoly in the 1980s. The eventual outcome of that case led to AT&T’s breakup into seven independent enterprises, which laid the groundwork for some of today’s major telecommunications and internet services providers, including Verizon (NYSE:VZ) and Lumen Technologies (NYSE:LUMN). It also gave cable companies like Comcast room to expand into internet services.

    Whatever outcome Judge Brinkema decides, the ruling could reshape the online advertising landscape and have far-reaching implications for both the company and the broader tech industry.

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

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    Westport Announces Annual General and Special Meeting and Timing of Q1 2025 Financial Results
    Investing

    Westport Announces Annual General and Special Meeting and Timing of Q1 2025 Financial Results

    by admin

    Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) (‘Westport’ or the ‘Company’) announces that the Company will release Q1 2025 financial results on Tuesday, May 13, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, May 14, 2025.

    Time: 10:00 a.m. ET (7:00 a.m. PT)
    Call Link: https://register-conf.media-server.com/register/BI73bcac200e5f4652873668cf803d72ed
    Webcast: https://investors.wfsinc.com

    Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

    The webcast will be archived on Westport’s website and a replay will be available at https://investors.wfsinc.com .

    Annual General and Special Meeting

    Westport will host its 2025 Annual General and Special Meeting (the ‘Meeting’) virtually on May 15, 2025 at 10:00 a.m. PT (1:00 p.m. ET).

    To streamline the virtual meeting process, Westport encourages shareholders to vote in advance of the Meeting using the voting instruction form or the form of proxy which has been shared with shareholders with the Meeting materials. Further instructions on voting and accessing the meeting are contained in the Management Information Circular under ‘Section 1: Voting’ – upon receipt, please review these materials carefully.

    Registered Shareholders and duly appointed proxyholders can attend the meeting online at https://meetnow.global/MD2JR55 to participate, vote, or submit questions during the meeting’s live webcast.

    About Westport Fuel Systems

    At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

    Investor Inquiries:
    Investor Relations
    T: +1 604-718-2046
    E: invest@wfsinc.com

    News Provided by GlobeNewswire via QuoteMedia

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    Top 5 Junior Copper Stocks on the TSXV in 2025
    Investing

    Top 5 Junior Copper Stocks on the TSXV in 2025

    by admin

    The copper price moved significantly during the first quarter with momentum that carried it to an all time high on the COMEX of US$5.26 per pound on March 26.

    The rally in prices was driven by uncertainty in global financial markets due to the threat of tariffs from the United States and President Donald Trump.

    This resulted in increased tightness and panic in copper inventories as more shipments were diverted into US warehouses to preempt any potential price hikes. However, prices eased at the beginning of April as concerns about a global recession began to outweigh fears of commodity shortages, causing the price of copper to drop below US$4.50 per pound.

    How has this affected small-cap copper mining companies on the TSX Venture Exchange? Read on to learn about the the five best-performing junior copper stocks since the start of 2025.

    Data for this article was gathered on April 7, 2025, using TradingView’s stock screener, and copper companies with market caps of over C$10 million at that time were considered.

    1. Camino Minerals (TSXV:COR)

    Year-to-date gain: 477.78 percent
    Market cap: C$10.47 million
    Share price: C$0.26

    Camino Minerals is a copper exploration company focused on advancing assets located in Peru.

    Its flagship Los Chapitos project, located near the coastal town of Chala, covers approximately 22,000 hectares and hosts near-surface mineralization. The company has been advancing exploration work on the property since 2016.

    Shares in Camino gained significantly after announcing the start of a discovery exploration program at the project on January 22. The company stated the program would consist of 11 holes and 1,200 meters of drilling along the La Estancia fault, focusing on newly identified copper breccias and mantos to determine their extension at depth.

    Camino has not provided further updates from Los Chapitos. Another significant update since the start of the year was announced on March 17, when it filed a pre-feasibility study for the Puquois copper project. The project was originally acquired as part of an October 2024 definitive agreement to create a 50/50 joint venture between Camino and Nittetsu Mining (TSE:1515) for the construction-ready project.

    The study results demonstrate a post-tax net present value of US$118 million, with an internal rate of return of 23.4 percent and a payback period of 3.1 years at a fixed copper price of US$4.28 per pound. It also suggested all-in sustaining costs for the 14.2-year life of the mine were US$2 per pound.

    In addition to the economic details, the included mineral resource estimate shows measured and indicated amounts of 149,000 metric tons of copper with a grade of 0.46 percent from 32.16 million metric tons of ore.

    Shares in Camino reached a year-to-date high of C$0.31 on January 29.

    2. King Copper Discovery (TSXV:KCP)

    Year-to-date gain: 240 percent
    Market cap: C$36.64 million
    Share price: C$0.17

    King Copper Discovery is a copper, silver and gold explorer that is developing a portfolio of projects in South America. The company changed its name from Turmalina Metals in March.

    Its primary focus is the Colquemayo project in Moquegua, Peru. In July 2024, King Copper entered into an option agreement with Compania de Minas Buenaventura to acquire a 100 percent ownership stake in the property.

    The 6,600 hectare site has seen more than 20,000 meters of historic core drilling and hosts multiple porphyry targets that have been identified but have gone untested. Highlighted drill samples from the property have demonstrated results of 2.4 percent copper and 10 grams per metric ton (g/t) silver over 237.3 meters, including 14.8 percent copper and 47 g/t silver over 31.3 meters.

    In news released on February 12, the company said it was intensifying its focus on the project and would be relogging historic cores. Additionally, King Copper hired Insideo, a Lima-based environmental consulting firm, to help advance baseline studies and the drill permit process.

    The release also indicated that the company was in the process of rebranding from Turmalina Metals to King Copper. As part of the restructuring, company CEO Roger James stepped down, maintaining a seat on the board, and was replaced by Jonathan Richards as interim CEO.

    On March 11, the company began trading under its new name and ticker. Shares in King Copper Discovery reached a year-to-date high of C$0.225 on March 25.

    3. BCM Resources (TSXV:B)

    Year-to-date gain: 211.11 percent
    Market cap: C$25.05 million
    Share price: C$0.14

    BCM Resources is an exploration company working to advance its flagship Thompson Knolls project in Utah, United States.

    The greenfield copper, molybdenum, gold and silver project in Utah’s Great Basin consists of 225 federal unpatented lode mining claims and two state section leases covering an area of 2,242 hectares.

    Exploration of the project area began in the 1970s, when a US Geological Survey aerial survey identified a prominent magnetic anomaly. In the 1990s, follow-up work was conducted at the target.

    BCM carried out its last drill program at the property in 2023. At the time, the company announced that one drill hole encountered a significant mineral intercept of 0.66 percent copper, 0.12 grams per metric ton (g/t) gold and 7.4 g/t silver over 155.4 meters starting at a depth of 621.8 meters. The sample also contained eight intervals with greater than 1 percent copper over 24.3 meters.

    The company received approval from the Bureau of Land Management for a plan of operation to continue drilling at the project. In a July 2024 update, the company released data from an analysis of the project’s porphyry-skarn system by the Colorado School of Mines, which it plans to use to prepare for the drilling at the site.

    Shares in BCM Resources reached a year-to-date high of C$0.15 on April 9.

    4. DLP Resources (TSXV:DLP)

    Year-to-date gain: 152.94 percent
    Market cap: C$55.99 million
    Share price: C$0.43

    DLP Resources is an explorer focused on advancing its flagship Aurora copper-molybdenum project in Peru.

    The 8,500 hectare site is located in the Central Andes. Exploration work has been performed at the site since the early 2000s, with DLP conducting drill programs in 2023 and 2024.

    Shares in DLP have been rising since the release of a technical report for Aurora on February 27, which included a maiden resource estimate with significant copper and molybdenum spread over two zones.

    The inferred resource totals 1.05 billion metric tons of ore containing 4.65 billion pounds of copper, 1.1 billion pounds of molybdenum and 80 million ounces of silver. The resource has average grades of 0.2 percent copper, 0.05 percent molybdenum and 2.4 grams per metric ton silver.

    The company said it is pleased with the size and results of the report and will continue drilling the site to upgrade the resource ahead of a preliminary economic assessment.

    DLP shares also got a boost on April 1 after it released its management’s discussion and analysis for the nine months ending on January 31. The release covers the firm’s activities for the period, highlighting its recent resource estimate, as well as the completion of a non-brokered private placement in January for proceeds of C$1.36 million.

    Shares in DLP reached a year-to-date high of C$0.48 on April 3.

    5. C3 Metals (TSXV:CCCM)

    Year-to-date gain: 150 percent
    Market cap: C$52.28 million
    Share price: C$0.60

    C3 Metals is an exploration company working to advance its assets in Jamaica and Peru.

    C3’s primary Jamaican asset is the Bellas Gate project, a 13,020 hectare site featuring 14 porphyry and over 30 epithermal prospects along an 18 kilometer strike. To date, drilling at the site has concentrated on a 4 kilometer zone encompassing the Provost, Geo Hill, Camel Hill and Connors prospects.

    Shares in C3 experienced significant gains after it announced on February 11 that it had signed an earn-in agreement with a Freeport-McMoRan (NYSE:FCX) subsidiary, which can gain up to a 75 percent interest in the project. Under the agreement, Freeport must contribute US$25 million in exploration and project expenditures over five years to earn the initial 51 percent interest, and an additional US$50 million over the following four years for the remaining 24 percent.

    In Peru, C3 has focused on advancing its Jasperoide copper-gold project. The site in Southern Peru spans 30,000 hectares and hosts two porphyry and more than 15 skarn prospects across two 28 kilometer belts.

    According to a July 2023 technical report, a mineral resource estimate reported a measured and indicated resource of 51.94 million metric tons of ore with an average grade of 0.5 percent copper and 0.2 g/t gold for contained metal totaling 569.1 million pounds of copper and 326,800 ounces of gold.

    C3 released an exploration update from its Khaleesi copper-gold project area in Jasperoide on February 19, reporting that a soil sampling campaign defined a copper-molybdenum anomaly extending 1,900 meters by up 650 meters. Two zones contained average concentrations of 950 parts per million copper and 650 ppm of copper.

    The company stated that it is working to complete geophysical surveys by the end of March and will use the data to implement a maiden diamond drill program at the target. It closed a US$11.5 million bought deal private placement on March 19 that will be used in part for exploration and development at the Khaleesi target.

    Shares in C3 Metals reached a year-to-date high of C$0.69 on April 1.

    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

    Cygnus intersects new high-grade gold, plus visible gold* identified in subsequent holes
    Investing

    Cygnus intersects new high-grade gold, plus visible gold* identified in subsequent holes

    by admin

    Chibougamau Copper-Gold Project, Canada

    HIGHLIGHTS:

    • Drilling at ‘Golden Eye’ has returned shallow high-grade gold up to 9.1g/t Au in first assays with an intersection of:
      • 3.3m @ 6.6g/t Au from just 131.7m including 2.3m @ 9.1g/t Au (LDR-25-05)
    • Golden Eye was last drilled in the early 1990s when gold was less than US$350/oz. The entire drilling target sits outside the current resource
    • Significant intersections from historic drilling 1 include:
      • 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11)
      • 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28)
      • 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20)
      • 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1)
      • 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4)
    • Subsequent holes drilled by Cygnus extended the known mineralisation down dip, where it remains open, with coarse visible gold* intersected in LDR-25-08 (awaiting assays – see photo below)

    * Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The Company expects to receive the laboratory analytical results of the recent core sample (including LDR-25-08) between late April and early May.

    • Gold was a significant part of the historic production within the Chibougamau District, with over 3.5Moz of gold produced alongside 945,000t of copper 3
    • The recent drilling campaign at Golden Eye of six holes for 1,954m aimed to confirm historic drilling results and extend mineralisation at depth. Assay are pending for the remaining five holes
    • The Company intends to utilise the recently compiled historic drill data totalling 77 holes for 21,371m to complete an initial Mineral Resource for Golden Eye
    • Cygnus is continuing the process of digitising >100,000 documents including drill logs, some of which have not been looked at in over 30 years and never before in modern 3D software
    • This highly cost-effective approach is assisting the team to conduct the first consolidated view of the geology and generate new drill targets as Cygnus looks to create shareholder value through resource growth, resource conversion and discovery with two rigs on site
    Cygnus Executive Chairman David Southam said   : ‘Gold is a major part of the production history in the Chibougamau district. It is more than just a by-product, with production of 3.5Moz at an average grade of 2.1g/t Au. We already have 248,000oz of gold in Inferred Resources and 66,000oz in Measured and Indicated Resources, 2 and there is significant opportunity to add to these at Golden Eye with early high-grade results and visible gold down dip.

    ‘Golden Eye is fairly unique at Chibougamau in having a significantly higher proportion of gold than copper and was identified by the team early as an excellent gold-dominant drill target. We have a good head start by having the historic drill logs and will utilise this recently compiled data to assist in an initial Mineral Resource for Golden Eye”.

    Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (‘Cygnus’ or the ‘Company’) is pleased to announce high-grade gold assays and visible gold from its first drilling at the new target Golden Eye within the Chibougamau Copper-Gold Project in Quebec.

    Assays of up to 9.1g/t Au alongside visible gold intersected down dip in recent drilling highlight the potential for additional resources and scope for further growth. Golden Eye was identified as a priority high-grade gold target which has not been drilled since the early 1990s when gold was less than US$350/oz. The entire target area sits outside of current resources with significant historic intersections of up to 5.9m @ 34.1g/t AuEq . 1

    The identification of the Golden Eye target is a result of the ongoing compilation work which is helping to unlock this historic district as the Company continues to build upon the existing high-grade copper-gold resources with low-risk brownfield exploration. The Company currently has two rigs on site focussing on both resource growth and resource conversion drilling.

    About Recent Drilling at Golden Eye

    Golden Eye was identified as a priority drilling target at the Chibougamau Project with shallow high-grade gold mineralisation highlighted during the ongoing review of historic hardcopy drill logs, with the most recent drilling conducted in the early 1990s when gold price was less than US$350/oz. Historic drilling in the area returned some outstanding gold and copper grades 1 of:

    • 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11);
    • 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28);
    • 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20);
    • 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1); and
    • 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4).

    In 1992, a double access ramp was developed to access the mineralisation and to provide a better platform for drilling; however, low metal prices and a change of ownership shifted the focus to already established operating mines within the camp.

    Cygnus recently completed a targeted 6-hole program for 1,954m, which aimed to confirm historic drilling results and extend mineralisation at depth. First assays from this drilling have confirmed the high-grade tenor of the shallow mineralisation with an intersection of:

    • 3.3m @ 6.6g/t Au from 131.7m including 2.3m @ 9.1g/t Au (LDR-25-05)

    Recent drilling has also extended mineralisation down dip to a depth of 400m below the surface, which remains open. Visual mineralisation intersected in drill hole LDR-25-08 highlighted coarse visible gold associated with chalcopyrite mineralisation over 0.9m from 463.8m downhole (refer Appendix B). Assays are pending for the five remaining holes of the program and are expected to be received in the current quarter. Once received, these results are expected to be incorporated into an updated geological model along with drilling completed by Doré Copper Mining Corp. in 2022/2023 which tested the conceptual structural model of the wider area.

    The Chibougamau district has a strong history of gold production as well as copper, having produced 3.5Moz Au at an average grade of 2.1g/t Au. 3 Gold grades vary between different deposits although Golden Eye and Cedar Bay are the two areas with a significantly higher gold grade than other deposits within the camp.

    Cygnus intends to utilise the recently completed drilling data (once all received) alongside the newly compiled historic drill data totalling 77 holes for 21,371m (both surface and underground drilling) to complete an initial Mineral Resource Estimate for the Golden Eye target. Golden Eye is an excellent example of the value generated through ongoing compilation work which is helping to unlock this historic district while the Company continues to build upon the existing high-grade copper-gold resources with low-risk brownfield exploration.

    Ongoing   Work

    Cygnus is continuing to compile the data across the camp and deliver additional drill targets as the Company looks to execute its strategy of value creation through resource growth and conversion drilling. This low-cost, low-risk approach includes both surface and downhole electromagnetics (‘EM’) to generate brownfield targets around known high quality mineralisation.

    Figure 1: Long Section of Golden Eye over 600m of strike with significant high grade gold up to 34.1gt AuEq over 5.9m. Mineralisation is still open at depth, with visible gold intersected in LDR-25-08. Refer to Appendix A of this release for newly released drill intercept and ASX releases dated 15 October 2024 and 25 March 2025 for previously announced drilling results.

    Figure 2: Long Section through the Chibougamau North Camp illustrating Golden Eye with standout intersections of up to 5.9m @ 34.1g/t AuEq. Refer to ASX releases dated 15 October 2024 and 25 March 2025 for previously announced drilling results.

    This announcement has been authorised for release by the Board of Directors of Cygnus.

    David Southam
    Executive Chair
    T: +61 8 6118 1627
    E: info@cygnusmetals.com     		Ernest Mast
    President & Managing Director
    T: +1 647 921 0501
    E: info@cygnusmetals.com     		Media:
    Paul Armstrong
    Read Corporate
    T: +61 8 9388 1474


    About Cygnus Metals

    Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

    Cautionary Note – Visual Estimates

    In relation to the disclosure of visible mineralisation, the Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and grade of the visible mineralisation reported in preliminary geological logging. The Company will update the market when laboratory analytical results become available. The reported intersections are down hole lengths and are not necessarily true width. Descriptions of the mineral amounts seen and logged in the core are qualitative only. Quantitative assays will be completed by Bureau Veritas, with the results for those intersections discussed in this release expected between late April and early May.

    Forward   Looking Statements

    This release may contain certain forward-looking statements and projections regarding estimates, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond Cygnus’ control. Cygnus makes no representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projections based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this release has been prepared in good faith, neither Cygnus or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this release. Accordingly, to the maximum extent permitted by law, none of Cygnus, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this release or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this release.

    End Notes

    1. Refer to Cygnus’ ASX announcements dated 15 October 2024 and 25 March 2025.
    2. The Mineral Resource estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with the JORC Code, and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code. Refer to Appendix C for a breakdown of the Mineral Resource Estimate.
    3. Historic production statistics for the Chibougamau area are recorded in Leclerc. F, Harris. L. B, Bedard. J. H, Van Breeman. O and Goulet. N. 2012, Structural and Stratigraphic Controls on Magmatic, Volcanogenic, and Shear Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp, Northeastern Abitibi, Canada. Society of Economic Geologists, Inc. Economic Geology, v. 107, pp. 963–989.

    Qualified Persons and Compliance Statements

    The scientific and technical information in this announcement has been reviewed and approved by Mr Louis Beaupre, the Quebec Exploration Manager of Cygnus, a ‘qualified person’ as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Exploration Results disclosed in this announcement are also based on and fairly represent information and supporting documentation compiled by Mr Beaupre. Mr Beaupre holds options in Cygnus. Mr Beaupre is a member of the Ordre des ingenieurs du Quebec (P. Eng.), a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Beaupre consents to the inclusion in this release of the matters based on the information in the form and context in which they appear.

    The Company first announced the foreign estimate of mineralisation for the Chibougamau Project on 15 October 2024. The Company confirms that the supporting information included in the original announcement continues to apply and has not materially changed, notwithstanding the clarification announcement released by Cygnus on 28 January 2025 (‘Clarification’). Cygnus confirms that (notwithstanding the Clarification) it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. Cygnus confirms that it is not in possession of any new information or data that materially impacts on the reliability of the estimates or Cygnus’ ability to verify the foreign estimates as mineral resources in accordance with the JORC Code. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

    The information in this announcement that relates to previously reported Exploration Results at the Company’s projects has been previously released by Cygnus in ASX Announcements as noted in the text and End Notes. Cygnus is not aware of any new information or data that materially affects the information in these announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

    Individual grades for the metals included in the metal equivalents calculation for the foreign estimate are in Appendix C of this release. Metal equivalents for the foreign estimate of mineralisation have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz, with copper equivalents calculated based on the formula CuEq (%) = Cu(%) + (Au (g/t) x 0.77258). Individual grades for the metals included in the metal equivalents calculation for the exploration results are in Appendix A of this release. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz. Copper equivalents are calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Gold equivalents are calculated based on the formula AuEq(g/t) = Au(g/t) +(Cu(%)  x 1.29436)+(Ag(g/t) x 0.01064). Metallurgical recovery factors have been applied to the metal equivalents calculations, with copper metallurgical recovery assumed at 95% and precious metal (gold and silver) metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the metal equivalents calculations in respect of the foreign estimate and exploration results have a reasonable potential to be recovered and sold.

    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.

    APPENDIX A – Significant Intersections from Recent Drilling at Golden Eye

    Coordinates given in UTM NAD83 (Zone 18). Intercept lengths may not add up due to rounding to the appropriate reporting precision. Significant intersections reported above 2g/t AuEq over widths of greater than 1m. True width estimated to be 80% of downhole thickness.

    Hole ID X Y Z Azi Dip Depth (m) From (m) To (m) Interval (m) Au (g/t) Cu (%) AuEq (g/t)
    LDR-25-05 549448 5525296 375 227 -45 214.2 131.7 135.0 3.3 6.6 0.0 6.6
    Including 131.7 134 2.3 9.1 0.0 9.1
    LDR-25-06 549560 5525483 375 215 -51 474.0 Pending Assays
    LDR-25-07 549453 5525313 375 215 -55 261.0
    LDR-25-08 549524 5525441 375 246 -57 516.0
    LDR-25-09 549445 5525319 375 238 -54 252.0
    LDR-25-10 549489 5525229 375 220 -60 237.0


    APPENDIX B – Summary Logging Details for Mineralised Intersections Observed in LDR-25-08

    Hole ID From To Interval Mineral 1 % Mineral 2 % Mineral 3 % Visible Gold Total Sulphide (%)
    LDR-25-08 89.0 90.0 1.0 Pyrite 2.0 – 2.0
    LDR-25-08 166.4 211.1 44.7 Pyrite 0.5 – 0.5
    LDR-25-08 211.1 216.0 4.9 Pyrite 0.1 – 0.1
    LDR-25-08 216.0 216.6 0.6 Pyrite 1.0 – 1.0
    LDR-25-08 216.6 354.8 138.2 Pyrite 0.1 – 0.1
    LDR-25-08 360.4 361.3 0.9 Chalcopyrite 0.5 Pyrite 1.0 – 1.5
    LDR-25-08 363.9 392.1 28.2 Chalcopyrite 0.3 Pyrite 0.5 – 0.8
    LDR-25-08 392.1 397.3 5.3 Pyrite 0.3 – 0.3
    LDR-25-08 397.3 405.6 8.3 Chalcopyrite 0.1 – 0.1
    LDR-25-08 405.6 406.1 0.5 Chalcopyrite 0.3 Pyrite 30.0 – 30.3
    LDR-25-08 406.1 407.9 1.8 Chalcopyrite 0.5 Pyrite 1.5 – 2.0
    LDR-25-08 407.9 408.3 0.4 Pyrite 7.0 Chalcopyrite 0.1 – 7.1
    LDR-25-08 408.3 409.0 0.7 Pyrite 0.1 – 0.1
    LDR-25-08 409.0 409.4 0.4 Pyrite 25.0 Chalcopyrite 25.0 – 50.0
    LDR-25-08 409.4 411.7 2.3 Chalcopyrite 3.0 Pyrite 7.0 – 10.0
    LDR-25-08 411.7 411.9 0.2 Sphalerite 2.0 Chalcopyrite 0.5 Pyrite 15.0 – 17.5
    LDR-25-08 411.9 415.1 3.2 Chalcopyrite 1.0 Pyrite 3.0 – 4.0
    LDR-25-08 415.1 420.8 5.8 Chalcopyrite 0.3 Pyrite 1.0 – 1.3
    LDR-25-08 420.8 423.3 2.4 Chalcopyrite 1.5 Pyrite 2.5 – 4.0
    LDR-25-08 423.3 428.3 5.1 Chalcopyrite 0.1 Pyrite 0.1 – 0.2
    LDR-25-08 428.3 455.0 26.7 Pyrite 0.5 – 0.5
    LDR-25-08 457.6 458.1 0.4 Sphalerite 0.1 Chalcopyrite 1.0 Pyrite 0.5 – 1.6
    LDR-25-08 461.2 461.8 0.6 Chalcopyrite 2.0 – 2.0
    LDR-25-08 463.8 464.6 0.9 Chalcopyrite 5.0 Pyrite 2.0 0.1 % 7.1
    LDR-25-08 464.6 478.6 14.0 Chalcopyrite 1.0 Pyrite 0.5 – 1.5
    LDR-25-08 478.6 479.7 1.1 Chalcopyrite 3.0 Pyrite 8.0 – 11.0
    LDR-25-08 480.6 516.0 35.4 Chalcopyrite 0.2 Pyrite 0.1 – 0.3


    APPENDIX C – Chibougamau Copper-Gold Project – Foreign Mineral Resource Estimate Disclosures as at 30 March 2022

    Deposit Category Tonnes (k) Cu Grade (%) Au Grade (g/t) Cu Metal (kt) Au Metal (koz) CuEq Grade (%)
    Corner Bay (2022) Indicated 2,700 2.7 0.3 71 22 2.9
    Inferred 5,900 3.4 0.3 201 51 3.6
    Devlin (2022) Measured 120 2.7 0.3 3 1 2.9
    Indicated 660 2.1 0.2 14 4 2.3
    Measured & Indicated 780 2.2 0.2 17 5 2.4
    Inferred 480 1.8 0.2 9 3 2.0
    Joe Mann (2022) Inferred 610 0.2 6.8 1 133 5.5
    Cedar Bay (2018) Indicated 130 1.6 9.4 2 39 8.9
    Inferred 230 2.1 8.3 5 61 8.5
    Total Measured & Indicated 3,600 2.5 0.6 90 66 3.0
    Inferred 7,200 3.0 1.1 216 248 3.8


    APPENDIX D – 2012 JORC Table 1

    Section 1 Sampling Techniques and Data

    Criteria JORC Code explanation Commentary
    Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
    • All Cygnus drilling reported is NQ size (47.8 mm diameter).
    Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.
    • NQ core was marked for splitting during logging and is sawn using a diamond core saw with a mounted jig to assure the core is cut lengthwise into equal halves.
    • Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag.
    • The remaining half of the core is retained and incorporated into Cygnus’s secure, core library located on the property.
    Aspects of the determination of mineralisation that are Material to the Public Report.

    In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

    • Industry standard sampling practices were used with sample lengths ranging from 0.3 m to 1.0 m and respected geological contacts. Sample tags were placed at the beginning of each sample interval and the tag numbers were recorded in an MS Excel database.
    • Sampling practice is considered to be appropriate to the geology and style of mineralisation.
    Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).
    • Diamond core was drilled using surface diamond rigs with industry recognised contractors Miikan Drilling. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory.
    • Drilling was conducted using NQ core size.
    • Directional surveys have been taken at 50m intervals.
    Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed.

    Measures taken to maximise sample recovery and ensure representative nature of the samples.

    Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

    • Diamond core recovery was measured for each run and calculated as a percentage of the drilled interval.
    • Overall, the core recoveries are excellent in the Chibougamau area. As a result, no bias exists.
    Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
    • All core was geologically and geotechnically logged. Lithology, veining, alteration and mineralisation are recorded in multiple tables of the drillhole database.
    Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
    • Geological logging of core is qualitative and descriptive in nature.
    The total length and percentage of the relevant intersections logged.
    • 100% of the core has been logged.
    Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken.

    If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

    For all sample types, the nature, quality and appropriateness of the sample preparation technique.

    Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

    Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

    Whether sample sizes are appropriate to the grain size of the material being sampled.

    • The NQ diameter the core was sawn in half following a sample cutting line determined by geologists during logging and submitted for analysis on nominal 1m intervals or defined by geological boundaries determined by the logging geologist.
    • Each core sample is assigned a tag with a unique identifying number. Sample lengths are typically one metre but can be depending on zone mineralogy and boundaries.
    • This sampling technique is industry standard and deemed appropriate.
    • Samples sizes are considered appropriate to grain size of the materials being sampled.
    Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
    • Sample (NQ size half core) preparation and fire assay analysis were done at Bureau Veritas Commodities Canada Ltd (‘BV’) in Timmins, Ontario, and ICP-ES multi-elements analysis was done at BV in Vancouver, B.C.
    • Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 µm.
    • Samples are fire assayed for gold (Au) (30 g) and multi-acid digestion ICP-ES finish, for 23 elements (including key elements Ag, Cu, Mo).
    • Samples assaying >10.0 g/t Au are re-analysed with a gravimetric finish using a 30 g charge. Samples assaying >10% Cu are re-analysed with a sodium peroxide fusion with ICP-ES analysis using a 0.25 g charge.
    For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
    • None used.
    Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.
    • At Bureau Veritas, laboratory QC procedures involve the use of internal certified reference material as assay standards, along with blanks, duplicates and replicates.
    Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel.
      The use of twinned holes.
      • No hole is twinned.
      Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
      • All logging data was completed, core marked up, logging and sampling data was entered directly into the database.
      • The logged data is stored on the site server directly.
      Discuss any adjustment to assay data.
      • There was no adjustment to the assay data.
      Location of data points Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
      • The location of the drillholes and the aiming points for the orientation of the drillholes were indicated on the ground using identified stakes. The stakes marking the location of the drillholes were set up and located with a Garmin GPS model ‘GPSmap 62s’ (4m accuracy).
      • Surveys are collected using a Reflex EZ-Shot® single-shot electronic instrument with readings collected at intervals of approximately every 30 m downhole plus a reading at the bottom of the hole.
      Specification of the grid system used.
      • The grid system used is UTM NAD83 (Zone 18).
      Quality and adequacy of topographic control.
      • A Digital Terrane Model (DTM) has been used to accurately plot the vertical position of the holes, which is considered to provide an adequate level of topographic control.
      Data spacing and distribution Data spacing for reporting of Exploration Results.
      • The drill spacing for recent drilling is considered appropriate for this type of exploration.
      • Due to the historic nature and mix of underground and surface drilling the drill hole spacing for historic drill results is highly variable.
      Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.
      • No resource estimation is made.
      Whether sample compositing has been applied.
      • No sample compositing has been applied.
      Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
      • Recent drilling is orientated approximately at right angles to the currently interpreted strike of the known interpreted mineralisation.
      • Due to the historic nature of the drilling the drill hole orientation for historic drill results is highly variable.
      If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
      • No bias is considered to have been introduced by the existing sampling orientation.
      Sample security The measures taken to ensure sample security.
      • Core was placed in wooden core boxes close to the drill rig by the drilling contractor. The core was collected daily by the drilling contractor and delivered to the secure core logging facility. Access to the core logging facility is limited to Cygnus employees or designates.
      Audits or reviews The results of any audits or reviews of sampling techniques and data.
      • No audits or reviews of sampling techniques or data have been undertaken, therefore information on audits or reviews is not yet available.


      Section 2 Reporting of Exploration Results

      (Criteria listed in the preceding section also apply to this section.)

      Criteria JORC Code Explanation Commentary
      Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
      • The data reported within this announcement is from the Chibougamau Project. The Chibougamau project consists of 3 properties which include:
        • Copper Rand, 14,383 ha (15 mining concession and 311 exploration claims)
        • Corner Bay – Devlin (1 mining license, 141 exploration claims owned 100% by CBAY and 17 claims owned 56.4% by CBAY/43.6% Pan American Silver)
        • Joe Mann (2 mining concessions, 82 claims owned 100% by CBAY, and 68 claims and 1 mining concession owned 65% by CBAY/35% by SOQUEM)
      • CBAY Minerals Inc. (‘CBAY’), a wholly owned subsidiary of Cygnus, is the owner of all claims and leases, except where otherwise noted above.
      • The properties collectively making up the Project are in good standing based on the Ministry of Energy and Natural Resources (Ministère de l’Énergie et des Ressources Naturelles) GESTIM claim management system of the Government of Québec.
      The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
      • All tenure is in good standing.
      Exploration done by other parties Acknowledgment and appraisal of exploration by other parties.
      • Corner Bay was first identified as a prospect in 1956
        • 1956 – 1972 eight drilling programs totalling 1,463 m and various geophysical and electromagnetic (EM) surveys
        • 1973 – 1981 Riocanex and Flanagan McAdam: ground geophysical surveys and 43 diamond drill holes
        • 1982 – 1984 Riocanex and Corner Bay Exploration: 38 drill holes and metallurgical test work
        • 1988 – 1991 Corner Bay Exploration: diamond drilling, geophysical surveys and geological characterisation with initial MRE
        • 1992 – 1994 SOQUEM optioned and acquired a 30% interest, and completed diamond drilling
        • 1994 Explorations Cache Inc and Resources MSV Inc: diamond drilling
        • 2004 – 2006 GéoNova and MSV: 98 diamond drill holes and first Technical Report on the Corner Bay project reporting a MRE
        • 2007 – 2009 Campbell: diamond drilling and bulk sample
        • 2012 – 2019 CBAY / AmAuCu: diamond drilling and MRE
      • Devlin identified in 1972 by airborne survey flown by the MERN
        • 1979 – 1981 diamond drilling, geophysical surveys
        • 1981 development commenced
      • Joe Mann identified in 1950 with the commencement of mining activities occurring in 1956
        • The Joe Mann mine operated underground during three different periods from 1956 to 2007
        • In July 2012, Resources Jessie acquired the Joe Mann mine property, but conducted only surface exploration work
      • Cedar Bay was discovered prior to 1927 by Chibougamau McKenzie Mines Ltd
        • From initial discovery to 2013 various surface and underground drilling campaigns and geophysical surveys undertaken by various companies
      • Colline was first discovered with mapping and sampling and then drilled in the 1950s with follow up drilling in 1955.
        • In the 1950s a shaft was sunk but the deposit was never mined.
        • The deposit was later tested with three drill holes and six regional drill holes throughout two drilling campaigns in 1984 and 1986/87.
        • Exploration at Colline has been halted historically with the discovery of and focus on other deposits in the region.
      • Golden Eye (previously known as Dore Ramp) was drilled in a few different phases from 1984 to 1992.
        • A total of 47 drill holes from surface are reported during that period
        • A double ramp of approximately 1 kilometre was excavated in 1991-92 to a vertical depth of 160 meters
        • Underground drilling campaign of 46 holes totaling 10,200 meters tested the deposit mainly to a depth of 240 meters (only five holes tested the deposit between 300 and 600 meters)
      Geology Deposit type, geological setting and style of mineralisation.
      • Corner Bay and Devlin are located at the northeastern extremity of the Abitibi subprovince in the Superior province of the Canadian Shield and are examples of Chibougamau-type copper-gold deposits. The Abitibi subprovince is considered as one of the largest and best-preserved greenstone belts in the world and hosts numerous gold and base metal deposits.
      • The Corner Bay deposit is located on the southern flank of the Doré Lake Complex (DLC). It is hosted by a N 15° trending shear zone more or less continuous with a strong 75° to 85° dip towards the west. The host anorthosite rock is sheared and sericitized over widths of 2 m to 25 m. The deposit is cut by a diabase dyke and is limited to the north by a fault structure and to the south by the LaChib deformation zone.
      • The Corner Bay deposit consists of three main mineralized lodes (subparallel Main Lode 1 and Main Lode 2 above the dyke, and Main Lode below the dyke that make up the bulk of the deposit. The Corner Bay deposit has been traced over a strike length to over 1,100 m to a depth of 1,350 m and remains open at depth.
      • The mineralization is characterized by veins and/or lenses of massive to semi-massive sulphides associated with a brecciated to locally massive quartz-calcite material. The sulphide assemblage is composed of chalcopyrite, pyrite, and pyrrhotite with lesser amounts of molybdenite and sphalerite. Late remobilized quartz-chalcopyrite-pyrite veins occur in a wide halo around the main mineralization zones.
      • Devlin is a flat-lying, copper-rich lodes-hosted deposit in a polygenic igneous breccia that is less than 100 m from the surface. The tabular bodies have been modelled as four nearly horizontal lodes: a more continuous lower zone and three smaller lodes comprising the upper zone. Mineralization is reflected as a fracture zone often composed of two or more sulphide-quartz lodes and stringers. Thickness of the mineralized zones range from 0.5 m to 4.4 m. It has been diluted during modelling to reflect a minimum mining height of 1.8 m.
      • The Joe Mann deposit is characterized by east-west striking shear hosted lodes that extend beyond 1,000 m vertically with mineralization identified over a 3 km strike length. These shear zones form part of the Opawica-Guercheville deformation zone, a major deformation corridor cutting the mafic volcanic rocks of the Obatogamau Formation in the north part of the Caopatina Segment. The gabbro sill hosts the Main Zone and the West Zone at the mine, while the South Zone is found in the rhyolite. These three subvertical E-W (N275°/85°) ductile-brittle shear zones are sub-parallel to stratigraphy and to one another, with up to 140 m to 170 m of separation between them. These shear zones are hosted within a stratigraphic package composed of iron-magnesium (Fe-Mg) carbonate and sericite altered gabbro sills, sheared basalts, and intermediate to felsic tuffs intruded by various felsic intrusions. The Joe Mann gold mineralization is hosted by decimetre scale quartz-carbonate lodes (Dion and Guha 1988). The lodes are mineralized with pyrite, pyrrhotite, and chalcopyrite disposed in lens and lodelets parallel to schistosity, and occasionally visible gold. There are some other minor, mineralized structures, e.g., North and South-South Zones, with limited vertical and horizontal extensions.
      Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

      • easting and northing of the drill hole collar
      • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
      • dip and azimuth of the hole
      • down hole length and interception depth
      • hole length.

      If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

      • All requisite drillhole information is tabulated elsewhere in this release. Refer Appendices A and B of the body text.
      Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.
      • For recent results, drill hole intersections are reported above a lower cut-off grade of 2g/t AuEq over widths of greater than 1m.
      Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
      • A maximum of 1m internal waste was allowed.
      The assumptions used for any reporting of metal equivalent values should be clearly stated.
      • Individual grades for the metals included in the metal equivalents calculation for the exploration results are in Appendices A, B and C of this release. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz. Copper equivalents are calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Gold equivalents are calculated based on the formula AuEq(g/t) = Au(g/t) +(Cu(%)  x 1.29436)+(Ag(g/t) x 0.01064). Metallurgical recovery factors have been applied to the metal equivalents calculations, with copper metallurgical recovery assumed at 95% and precious metal (gold and silver) metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the metal equivalent calculations have a reasonable potential to be recovered and sold.
      Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results.

      If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

      If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).

      • All intersections reported in the body of this release are down hole.
      • For recent drill holes, holes are drilled as close to orthogonal to the plane of the mineralized lodes as possible.
      • True width is estimated to be about 80% of the downhole drill intersection
      Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include,but not be limited to a plan view of drill hole collar locations and appropriate sectional views.
      • Refer Figure 1 (Long Section of Golden Eye) and 2 (Long Section through the Chibougamau North Camp illustrating Golden Eye) in the body of the announcement.
      • Plan view of recent drilling relative to historic drilling and the 1992 ramp access (see Figure 3 below).
      Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.
      • Recent infill drilling at Golden Eye totals 6 holes for 1,954m, with assay results for 1 drill hole received to date. All results greater than 2g/t AuEq over greater than 1m width have been reported.
      Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
      • There is no other substantive exploration data.
      Further work The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

      Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

      • The Company plans to conduct drill testing of additional mineralisation as well as step out drilling of existing lodes to further enhance the resources quoted in this release. More information is presented in the body of this report.
      • Diagrams in the main body of this release show areas of possible resource extension on existing lodes. The Company continues to identify and assess multiple other target areas within the property boundary for additional resources.

      Figure 3: Plan view of recent drilling relative to historic drilling and the 1992 ramp access

      Photos accompanying this announcement are available at:

      https://www.globenewswire.com/NewsRoom/AttachmentNg/87c492be-c3e9-410f-a7ad-5bac9c0c1fcf

      https://www.globenewswire.com/NewsRoom/AttachmentNg/d269165b-73e5-4a95-9afb-bf50df6bfe79

      https://www.globenewswire.com/NewsRoom/AttachmentNg/2293516d-6ebe-453a-8282-5afd08e5ee45

      https://www.globenewswire.com/NewsRoom/AttachmentNg/a202ff85-9abb-417b-aa4e-43dd75ce42f3

      News Provided by GlobeNewswire via QuoteMedia

      This post appeared first on investingnews.com

      Crypto Market Recap: Bitcoin in Bear Market, SEC-Ripple Pause Granted
      Investing

      Crypto Market Recap: Bitcoin in Bear Market, SEC-Ripple Pause Granted

      by admin

      Here’s a quick recap of the crypto landscape for Wednesday (April 16) as of 9:00 p.m. UTC.

      Get the latest insights on Bitcoin, Ethereum and altcoin performance along with a round-up of key cryptocurrency market news.

      Bitcoin and Ethereum price update

      At the time of this writing, Bitcoin (BTC) was priced at US$84,336.30 and is up 0.4 percent in 24 hours. The day’s range has seen a low of US$83,592.79 and a high of US$85,311.80.23.

      Bitcoin’s price movements on April 16.

      Chart via TradingView.

      Trade tension escalation between China and the US continues to drag on the crypto market.

      Ethereum (ETH) is priced at US$1,588.68, a 1.1 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,551.41 and a high of US$1,605.30.

      Altcoin price update

      • Solana (SOL) is currently valued at US$132.69, up 3.7 percent over the past 24 hours. SOL experienced a low of US$124.95 and peaked as the stock markets closed on Wednesday.
      • XRP is trading at US$2.11, reflecting a 0.6 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.07 and reached its highest point as markets closed for the day.
      • Sui (SUI) is priced at US$2.11, showing a decreaseof 0.7 percent over the past 24 hours. It achieved a daily low of US$2.04 and a high of US$2.13
      • Cardano (ADA) is trading at US$0.6130, down 0.9 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6007, with a high of US$0.6152.

      Today’s crypto news to know

      Analysts confirm crypto bear market

      Recent market analysis suggests the cryptocurrency market has been experiencing a bear market cycle. Bitcoin’s price has been below its 200-day simple moving average (SMA) since March. The 200-day SMA is a key metric used to identify trends in Bitcoin’s price movements and potential market cycles.

      “The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index (which includes the top 50 tokens by market capitalization) shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February,” David Duong, global head of research at Coinbase Institutional, said in a note published Monday.

      “All of these structural pressures stem from the uncertainty of the broader macro environment, where traditional risk assets have faced sustained headwinds from fiscal tightening and tariff policies, contributing to the paralysis in investment decision making.’

      The authors of the report urge cautious trading for the next month or so, after which the sentiment could change “rather quickly.” Duong said the market could rebound in the second half of 2025.

      A market analysis by Bitcoin researcher Axel Adler Jr also points to potential for price recovery later in the year, noting the increasing dominance of US-regulated exchanges and a recurring bullish technical signal. Reduced supply, noted by analyst Borin Vest, could also contribute to upward price movement.

      Janover increases Solana holdings

      According to an April 15 announcement from real estate-focused financial technology firm Janover (NASDAQ:JNVR), the company’s Solana holdings have doubled to 163,651.7 after its latest purchase of 80,567 tokens for roughly US$10.5 million.

      Janover’s total Solana holdings are now worth about US$21.2 million, including staking rewards.

      Janover recently raised approximately US$42 million in a convertible note and warrants sale to bolster its digital asset treasury strategy. This funding round saw participation from investors including Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners and 11 angel investors.

      The company intends to utilize the newly acquired capital to enhance its digital asset treasury strategy, including immediate staking of recently purchased SOL to generate additional revenue.

      Ripple Labs and SEC appeal paused amid settlement talks

      In the ongoing legal dispute between Ripple Labs and the SEC, an appeals court has approved a request to halt proceedings while settlement discussions take place, raising speculation about a potential imminent resolution. The SEC is required to provide an update on the situation by June 15.

      China faces a regulatory dilemma over seized crypto assets

      China’s growing trove of seized cryptocurrencies — confiscated from fraud, money laundering and gambling cases — has become a legal and political hot potato as local governments debate how to convert illicit digital wealth into usable state revenue, Reuters reported.

      With crypto trading banned and virtual assets not recognized as legal tender, authorities currently rely on loosely regulated private firms to offload seized tokens on offshore exchanges, raising concerns over transparency, corruption and inconsistent enforcement.

      Legal experts, judges and financial authorities are now calling for new national guidelines, including proposals to centralize asset management, establish crypto disposal agencies or even hold confiscated Bitcoin as sovereign reserves — a potential pivot that could reshape China’s crypto stance amid broader geopolitical and economic shifts.

      OKX ramps up US presence with exchange launch, wallet rollout

      OKX, one of the world’s top cryptocurrency exchanges, is making a calculated leap into the US market with a phased rollout of its centralized trading platform and a powerful self-custody Web3 wallet for retail and institutional users.

      Spearheading this expansion is newly appointed US CEO Roshan Robert and a fresh San Jose headquarters, signaling the company’s strategic commitment to regulatory compliance and American market penetration.

      The exchange offers deep liquidity, low fees and fast execution, while the new wallet — compatible with over 130 blockchains — lets users manage NFTs, tokens and dApps across multiple ecosystems.

      OKX is also prioritizing transparency, publishing monthly proof-of-reserves reports verified by third-party auditors to reinforce user trust in its custodial holdings.

      Semler Scientific doubles down on Bitcoin despite substantial unrealized loss

      Healthcare technology firm Semler Scientific (NASDAQ:SMLR) revealed a US$41.8 million paper loss on its Bitcoin investment as of Q1 2025 following a sharp decline in Bitcoin’s price — from US$93,500 in January to US$82,350 in March — but has nonetheless pledged to press forward with its crypto acquisition strategy.

      As of March 31, the company held 3,182 Bitcoin valued at over US$263 million. It remains undeterred, announcing plans to issue up to US$500 million in securities to support further purchases and shore up operating capital.

      Semler also disclosed a tentative US$30 million settlement with the Department of Justice related to a civil probe, signaling ongoing legal pressures even as it pushes into risky, non-core asset classes.

      The firm’s stock is down 36 percent this year, remaining a polarizing example of Bitcoin’s expanding foothold in non-crypto industries.

      Oklahoma pulls out of Bitcoin reserve race after narrow senate vote

      Oklahoma’s ambitious plan to become a state-level crypto pioneer came to an abrupt halt after its Strategic Bitcoin Reserve Act (HB1203) failed to pass the Senate Revenue and Taxation Committee by a razor-thin 6–5 vote.

      The proposed legislation would have allowed the State Treasurer to allocate up to 10 percent of public fund assets into Bitcoin and other large-cap digital assets, while also exploring staking mechanisms and crypto integration into retirement accounts.

      Supporters argued the bill could hedge against inflation and government overreach, but critics raised concerns about volatility, fiduciary responsibility and the need for deeper regulatory safeguards.

      With the bill’s collapse, Oklahoma joins a growing list of states backing away from crypto investment, leaving Arizona, Texas and New Hampshire as the frontrunners in the race to make Bitcoin a strategic public asset.

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

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

      Keep reading…Show less

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