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President-elect Trump dropped his latest round of nominations Saturday afternoon, naming two picks to help lead the Department of Justice (DOJ) and one to work within the Department of Transportation (DOT).

In a Truth Social post, the president-elect announced he was nominating Aaron Reitz to lead the DOJ’s Office of Legal Policy. Trump wrote that Reitz would ‘develop and implement DOJ’s battle plans to advance my Law and Order Agenda, and restore integrity to our Justice System.

‘Aaron is currently Senator Ted Cruz’s Chief of Staff, and was previously Texas Attorney General Ken Paxton’s Deputy, where he led dozens of successful lawsuits against the lawless and crooked Biden Administration,’ Trump continued, adding Reitz would work closely with Trump’s pick for U.S. attorney general, Pam Bondi.
 
‘Aaron is a true MAGA attorney, a warrior for our Constitution, and will do an outstanding job at DOJ. Congratulations Aaron!’

Trump followed up his first announcement by naming Chad Mizelle as the next chief of staff at the DOJ, who is also slated to work with Bondi. 

‘During my First Term, Chad was General Counsel and Chief of Staff at the Department of Homeland Security, where he helped to secure our Border, and stop the flow of illegal drugs and aliens into our Country,’ the Republican leader explained. 

‘Chad is a MAGA warrior, who will help bring accountability, integrity, and Justice back to the DOJ.’
 
In a third post, Trump named David Fink as the next administrator of the Federal Railroad Administration (FRA), describing his nominee as a ‘fifth generation Railroader.’

‘David will bring his 45+ years of transportation leadership and success, which will deliver the FRA into a new era of safety and technological innovation,’ Trump said. ‘Under David’s guidance, the Federal Railroad Administration will be GREAT again. Congratulations to David!’

This post appeared first on FOX NEWS

As the dust settles on Congress frantically passing a stopgap bill at the eleventh hour to avoid a government shutdown, lawmakers are having their say on a chaotic week on Capitol Hill.

President Biden signed the 118-page bill into law on Saturday, extending government funding into March, the White House announced. The bill provides over $100 billion in disaster aid for those affected by storms Helene and Milton in the U.S. Southeast earlier this year. It also includes a $10 billion provision for economic assistance to farmers. 

President Biden has not yet publicly commented on the passage of the legislation, nor has President-elect Trump, although sources tell Fox that the incoming president is not that happy about the bill, because it does not suspend the debt ceiling. 

House Speaker Mike Johnson, R-La., who faced criticism from both Republicans and Democrats for his handling of the negotiations, said after the House vote that the result was ‘a good outcome for the country.’ He said he had spoken with Trump and that the president-elect ‘was certainly happy about this outcome, as well.’

House Democratic Leader Hakeem Jeffries, D-N.Y., considered the legislation a win for his party. 

‘The House Democrats have successfully stopped extreme MAGA Republicans from shutting down the government, crashing the economy and hurting working-class Americans all across the nation,’ Jeffries said, referring to Trump’s ‘Make America Great Again’ slogan.

Former House Speaker Nancy Pelosi, D-Calif., praised Democrats, including Jeffries and Rep. Rosa DeLauro, D-Conn., for ‘their unity and courage withstanding the Trump-Musk irresponsibility.’

‘Democrats will always fight to protect the needs of America’s working families, veterans, seniors, farmers and first responders against the GOP’s agenda for billionaires and special interests.’

A bulging 1,547-page continuing resolution was thrown into disarray earlier in the week following objections by Elon Musk and President-elect Trump. A slimmed-down version was then rejected by House members on Thursday before the House approved Speaker Mike Johnson’s new bill overwhelmingly on Friday by 366 votes to 34.

The Senate worked into early Saturday morning to pass the bill 85-11, just after the deadline.

Senate Majority Leader Chuck Schumer praised the passage of the funding legislation early Saturday.

‘There will be no government shutdown right before Christmas,’ Schumer wrote on X. ‘We will keep the government open with a bipartisan bill that funds the government, helps Americans affected by hurricanes and natural disasters, helps our farmers and avoids harmful cuts.’

Meanwhile, Rep. Nicole Malliotakis, R-N.Y., said the revised funding package keeps government funded at current levels, delivers aid to Americans suffering from natural disasters and protects agricultural supply chains. 

‘Not only is this straightforward bill much more palatable to me, but it respects the taxpayers we represent, unlike the previous backroom boondoggle I opposed that was over 1,500 pages long and gave unnecessary and costly giveaways to the Democrats,’ Malliotakis wrote on X. 

‘Passing this legislation today gives us what we need until President Trump is sworn in and settled so our Republican trifecta can deliver the results the American people voted for.’

Rep. Mike Lawler, R-N.Y., questioned why President Biden appeared to play a limited role in negotiations.

‘People fail to recognize that even though the focus has been on President Trump, Joe Biden is actually still the president, which is really mind-boggling, because nobody’s heard from him in weeks,’ Lawler told Fox & Friends Weekend on Saturday, adding that the debt ceiling has been used as a ‘political piñata for decades.’ 

‘The party in the minority uses it as leverage in a negotiation, and I think what President Trump is trying to avoid is giving Democrats a loaded gun to hold to his head here.’

Elsewhere, House Oversight Committee Chairman James Comer, R-Ky., applauded the Senate for approving the D.C. Robert F. Kennedy Memorial Stadium Campus Revitalization Act, which he had introduced and helped pass in the House.

The bill would give the District of Columbia control of the 174-acre RFK campus and revive potential plans for a new Washington Commanders stadium.

The surprising move came after a provision in the initial continuing resolution (CR) — to transfer control of the RFK campus from the federal government to the District — was eliminated from Thursday’s slimmed down version of the bill.

‘The Senate’s passage of the D.C. RFK Stadium Campus Revitalization Act is a historic moment for our nation’s capital. If Congress failed to act today, this decaying land in Washington would continue to cost taxpayers a fortune to maintain,’ Comer said.

‘Revitalizing this RFK Memorial Stadium site has been a top economic priority for the city, and I am proud to have partnered with D.C. Mayor Muriel Bowser to get this bill across the finish line and to the President’s desk. This bipartisan success is a testament to the House Oversight Committee’s unwavering effort to protect taxpayers and our full commitment to ensuring a capital that is prosperous for residents and visitors for generations to come,’ he added.

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

President-elect Trump announced Saturday he has tapped the creator of ‘The Apprentice’ to serve a diplomatic role in the United Kingdom.

In a Truth Social post, Trump named Mark Burnett, a British-American TV producer who was born in London, as the next U.S. special envoy to the United Kingdom.

‘It is my great honor to appoint Mark Burnett as the Special Envoy to the United Kingdom,’ the president-elect said. ‘With a distinguished career in television production and business, Mark brings a unique blend of diplomatic acumen and international recognition to this important role.’

In addition to creating Trump’s former show ‘The Apprentice,’ Burnett also created ‘Shark Tank’ and led production of other programs such as ‘Survivor’ and ‘The Martha Stewart Show.’ In his Truth Social post, Trump said the producer had created some of the ‘biggest shows in Television History’ and touted his achievements.

‘He is the former Chairman of MGM, and has won 13 Emmy Awards!’ the Republican wrote. ‘Mark will work to enhance diplomatic relations, focusing on areas of mutual interest, including trade, investment opportunities, and cultural exchanges. Congratulations Mark!’

No one is currently serving as a U.S. special envoy to the United Kingdom. Special envoy roles are typically temporary in nature and meant to fulfill a specific mission, though Trump did not specify the purpose of the role in his announcement.

Earlier in December, Trump tapped Warren A. Stephens to serve as the U.S. ambassador to the Court of St. James, also known as the U.S. ambassador to the United Kingdom.

‘Over the last 38 years, while serving as the president, chairman, and CEO of his company, Stephens Inc., Warren has built a wonderful financial services firm, while selflessly giving back to his community as a philanthropist,’ Trump said in a post on Truth Social. 

‘Warren has always dreamed of serving the United States full-time. I am thrilled that he will now have that opportunity as the top Diplomat, representing the U.S.A. to one of America’s most cherished and beloved Allies.’

Burnett did not immediately respond to Fox News Digital’s request for comment. 

Fox News Digital’s Greg Wehner contributed to this report.

This post appeared first on FOX NEWS

Donald Trump will not be president of the United States for another month, at least not literally. Yet, his recent victory in the battle of the budget shows that, for all intents and purposes, he is already the nation’s leader, and not a moment too soon.

In the space of just a few days, Trump’s pressure on the Congress, including siccing his Department of Government Efficiency (DOGE) attack dogs Elon Musk and Vivek Ramaswamy on reckless spending, turned a 1,500 page monstrosity of a bill into a slim 120-page banger of basic necessities, including disaster relief and help for farmers.

Prior to the intervention by Trump, it looked for all the world like House Speaker Mike Johnson would stuff the Democrats’ stockings with pork and goodies to ensure that a shutdown did not mar next month’s inauguration.

Johnson believed that enough Republicans would simply sigh and go along with the continuing resolution that he negotiated with the Democrats, and there was some logic to allowing sleeping dogs to lie until Trump takes over 1600 Pennsylvania Avenue and Republicans take the senate in January.

But a funny thing happened on the way to the bill’s passage. At Trump’s behest, Musk and Ramaswamy began posting on X all the deep flaws of the legislation, and there were some doozies.

For example, the bill had continued funding for the State Department’s Global Engagement Center, an organization that seems to exist only to promote online censorship of conservatives under the guise of fighting so-called misinformation.

The bill also contained a self-serving pay hike for lawmakers, as well as billions to be spent on pet projects all over the country.

Within hours of the torrent of posts from the dynamic duo of DOGE, the American people began to wake up to what was in the bill and object. A trickle of GOP lawmakers flipped from yes to no on the bill, and with that, the stage was set for our soon-to-be commander in chief.

With the target softened, Trump tore into the bill, going so far as to threaten lawmakers who voted for it with primary challenges. Trump even indicated that Johnson’s speakership could be in doubt if he did not get in line.

And that was it. Ding dong the bill was dead, and the American people dodged, or should we say, ‘Doged,’ a bullet. By Friday night, the cleaner and leaner bill passed the House and a shutdown was averted.

Guess who played no role whatsoever in getting all of this done? That’s right, Joe Biden. You remember him, he’s the president of the United States, or at least that’s what it says on his business cards.

You would have an easier time finding Waldo in a candy cane factory than finding Grandpa Joe’s fingerprints anywhere on this historic deal. 

Former GOP Speaker of the House, Newt Gingrich knows a thing or two about how the congressional sausage gets made, and here is what he had to say on X:

‘Shrinking the continuing resolution from 1,547 pages to 118 pages is a major victory for President Trump and shows that the election did matter and he is really the de facto President while President Biden was absent and passive. A good start to real change in Washington!’

It was fascinating how people all week tried to paint the budget mess as Republicans in disarray with House members defying Trump and looming trouble between Trump and Musk. Yet, when the dust settled, we had shed 1,400 pages of blundering B.S. with nary a peep from Biden.

Trump’s first term as president, though a success in many ways, was marred by Democrats’ incessant and absurd investigations into nothing, but also, in fairness, by a bit of naïveté from Trump himself.

Trump was new to Washington and its mendacious machinations in 2017, but not anymore. Today, like a seasoned veteran, he is not only poised to lead the nation, let’s face it, he is already doing it.

Make no mistake, this fight was a risk. A shutdown could have blunted the sweeping sense of optimism across America after the election. But with risk comes reward and today, having slayed the dragon of out-of-control spending, that optimism is only set to grow.

That is what leaders do, they take risks to make life better, and they show up and explain themselves. We haven’t had that kind of leadership in four long years. 

Since Jan. 20, 2021, nobody has been very clear about who is actually running the country. Well, that is about to change. On Jan. 20 of next year, there will be no doubt, the country will be led squarely by Donald J. Trump. That is, if it isn’t already.

This post appeared first on FOX NEWS

A pro-tech advocacy group has released a new report warning of the growing threat posed by China’s artificial intelligence technology and its open-source approach that could threaten the national and economic security of the United States.

The report, published by American Edge Project, states that ‘China is rapidly advancing its own open-source ecosystem as an alternative to American technology and using it as a Trojan horse to implant its CCP values into global infrastructure.’

‘Their progress is both significant and concerning: Chinese-developed open-source AI tools are already outperforming Western models on key benchmarks, while operating at dramatically lower costs, accelerating global adoption. Through its Belt and Road Initiative (BRI), which spans more than 155 countries on four continents, and its Digital Silk Road (DSR), China is exporting its technology worldwide, fostering increased global dependence, undermining democratic norms, and threatening U.S. leadership and global security.’

The report outlines how Chinese AI models censor historical events that could paint China in a bad light, deny or minimize human rights abuses, and filter criticism of Chinese political leaders.

‘China is executing an ambitious $1.4 trillion plan to dominate global technology by 2030, with open-source systems as the cornerstone of its AI strategy,’ the report states. ‘While many Western companies focus on paid, proprietary AI models, China is aggressively promoting free and low-cost alternatives to drive rapid global adoption.’

The report continues, ‘By making much of its AI technology freely accessible, Beijing aims to ensure its systems and standards become embedded in the world’s financial, manufacturing and communications backbone. Through coordinated action between government and industry, China is working to reshape the global technology landscape while programming CCP values and control mechanisms into critical systems worldwide.’

The report explains that China is ‘racing’ to deploy AI while the United States is bogged down on prioritizing AI regulation.

‘While American and European governments focus on regulating AI, China is aggressively pushing its AI systems into global markets,’ the report states, adding that, ‘This playbook mirrors China’s successful strategy with 5G technology, where Huawei gained dominant market share through aggressive pricing and rapid deployment before Western nations could respond effectively. Now in AI, one Chinese firm alone, Alibaba Cloud, has released over 100 open-source models in 29 different languages, flooding global markets while Western companies must navigate increasingly complex regulatory requirements.’

The report lays out the differences between China and U.S. AI model responses and provides policy recommendations to ‘preserve U.S. AI leadership,’ which includes seizing the ‘historic opportunity to secure lasting American AI leadership’ and avoiding ‘unilateral restrictions on exporting and access to U.S. AI systems.

‘If America loses the global race to dominate both open-source and closed-source AI technology, authoritarian Chinese systems will write the future, and Washington policymakers can’t let that happen,’ Doug Kelly, CEO of the American Edge Project, told Fox News Digital. 

The report concludes that ‘the implications of Chinese leadership in global AI development are profound.’

‘A world of unchecked, Beijing-built AI ecosystems would be a major blow to the U.S. and to humanity writ large,’ the Center for New American Security says in the report. ‘If Chinese AI goes global, so too will brazen non-compliance with international agreements on the technology.’

This post appeared first on FOX NEWS

After staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling pressure over the past five sessions and violated key support levels on the daily charts. The range remained wider on the anticipated lines; the Nifty traded in a wide 1243-points range over the past days. Volatility shot up as well; the India VIX surged 15.48% higher to 15.07 on a weekly basis. Following a weak performance, the headline index closed with a weekly loss of 1180.80 points (-4.77%).

Over the past few days, the Nifty has shown many technical events highlighting the importance of some key levels. The Index resisted the 100-DMA for several days and the 20-week MA for some time; this highlights the importance of these levels as key resistance points for the markets. In the process, the Nifty closed below the key 200-DMA, placed at 23834 while dragging the resistance points lower. The Nifty has also closed a notch above the crucial 50-week MA level placed at 23530. The markets had staged a mosterous rebound when this level was tested before. The Nifty’s behavior against the level of 50-week MA would determine the trajectory not just for the coming week but also for the immediate near term as well.

Next week is truncated, with the Christmas holiday on Wednesday. Expect a tepid start to the week on Monday. The levels of 23750 and 23830 would act as potential resistance points. The supports come in at the 23500 and 23285 levels on the lower side.

The weekly RSI is 44.41; it stays neutral and does not show any divergence against the price. The weekly MACD is bearish and stays below its signal line. The widening Histogram hints at accelerated downside momentum. A large black candle occurring at the 20-week MA adds to the credibility of this level as a major resistance area for the markets.

The pattern analysis of the weekly charts shows that after completing the painful mean reversion process, the Nifty staged a strong technical rebound after it took support at the 50-week MA. The Index resisted at the 100-DMA and the 20-week MA, which are close to each other. The intense selling pressure over the coming week has seen the Nifty almost retesting the 50-week MA by closing just a notch above this point. The Nifty must keep its head above this crucial support level to keep its primary uptrend intact. If this level gets meaningfully violated, we might be in for a prolonged intermediate trend over the coming weeks.

Even if the trend remains weak and the downtrend continues, a modest technical rebound cannot be ruled out. However, it would still keep the markets under corrective retracement unless a few key levels are taken out on the upside. It is strongly recommended that leveraged exposures be kept at modest levels. All new exposures must be highly selective, and all gains, even modest ones, must be guarded very carefully. It is also recommended that one not rush in to shorten the markets so long as they are above 50-week MA, as there is a possibility of a modest technical rebound. A highly selective and careful approach is advised for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

Relative Rotation Graphs (RRG) show Nifty Bank, Financial Services, Services Sector, and the IT indices inside the leading quadrant. These sectors are likely to outperform the broader markets relatively.

The Nifty Pharma Index is inside the weakening quadrant. The Midcap 100 Index is also inside the weakening quadrant but is improving its relative momentum.

The Nifty Media, Energy, Commodities, Auto, and FMCG indices continue to lag inside the lagging quadrant. The Consumption Index has rolled inside the lagging quadrant as well. These groups are likely to underperform the broader Nifty 500 Index relatively. The Nifty PSE Index is also inside the lagging quadrant but is improving its relative momentum against broader markets.

The Infrastructure Index has rolled inside the improving quadrant and is likely to begin its phase of relative outperformance. The Realty and the PSU Bank Indices are also inside the improving quadrant. The Metal Index, also inside the improving quadrant, is sharply giving up on its relative momentum.


Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

After 9/11, Washington, D.C.’s airspace got a significant security boost. 

Now, over two decades later, this system is getting a cutting-edge makeover. 

The National Capital Region (NCR) is rolling out an advanced artificial intelligence-based visual recognition system that’s taking air defense to a whole new level.

The new eyes in the sky

The Enhanced Regional Situational Awareness (ERSA) system represents a dramatic upgrade from previous security technologies. These new cameras are giving air defense operators unprecedented capabilities in monitoring and protecting critical airspace. They come with some seriously cool features that take air defense to the next level. 

The cameras boast infrared vision with RGB filters for heat signature detection, allowing operators to spot targets even in low visibility conditions. A laser range finder provides accurate distance and altitude measurements, enhancing the system’s precision. Machine learning elements enable enhanced auto-tracking capabilities, making it easier to follow objects of interest. Additionally, a visual warning system is in place to alert non-compliant aircraft, using red and green lasers to illuminate cockpits and prompt immediate action from pilots.

The brains behind the operation

The Eastern Air Defense Sector (EADS) in Rome, New York, works in close coordination with the Joint Air Defense Operations Center (JADOC) at Joint Base Anacostia-Bolling to manage the ERSA system. This integrated approach ensures comprehensive surveillance and rapid response to potential threats. Air Force Master Sgt. Kendrick Wilburn, a capabilities and requirements officer at JADOC, explains that the system allows for more precise radar data validation. When uncertain radar data is detected, operators can use the cameras as an additional resource to confirm and assess the situation. This collaborative effort between EADS and JADOC enables swift decision-making and effective threat mitigation.

Technological innovation

The ERSA system, developed by Teleidoscope, underwent rigorous testing in 2022, with air defense operators evaluating prototypes from three companies. Teleidoscope’s cameras stood out due to their advanced software enhancements and significant improvements over existing systems. The Defense Innovation Unit played a crucial role in securing funding through the Air Force’s Accelerate the Procurement and Fielding of Innovative Technologies (APFIT) program, demonstrating a commitment to rapidly deploying cutting-edge defense technology. Marine Corps Maj. Nicholas Ksiazek of the Defense Innovation Unit likened the upgrade to ‘the technological leap we saw between a 2011 iPhone and a current one,’ highlighting the substantial advancements in capability. Currently, two operational cameras have been installed, with plans to add seven more annually, ensuring continuous improvement of the NCR’s air defense capabilities.

Kurt’s key takeaways

The rollout of the ERSA system marks a significant step forward in air defense for the National Capital Region. With AI-powered cameras that enhance detection and tracking capabilities, operators are equipped to respond to potential threats more effectively than ever before. This integration of advanced technology and skilled personnel underscores our commitment to national security, ensuring that Washington, D.C.’s airspace remains safe and secure as we move into the future.

What are your thoughts on expanding advanced air defense technologies like the ERSA system to other major cities across the country—do you believe they would enhance national security, or are there potential drawbacks to consider?  Let us know by writing us at

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The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 2.87 percent on the week to close at 586.88 on Friday (December 20). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 2.6 percent decrease to hit 24,599.48, and the CSE Composite Index (CSE:CSECOMP) was down just 0.12 percent to reach 130.58.

Statistics Canada released November’s consumer price index (CPI) data on Tuesday (December 17). The data showed that inflation in Canada continued to cool, posting a 1.9 percent year-over-year increase, down from the 2 percent recorded in October.

The agency said the decrease was partly due to a 0.4 percent decrease in gasoline prices and consumers taking advantage of lower prices during Black Friday sales.

StatsCan also released its October monthly mineral production survey on Thursday (December 19). The release shows copper production in Canada increased to 37.5 million kilograms from 35.43 million in September. Gold production also increased, rising considerably to 26,553 kilograms from 15,296 kilograms the prior month. Meanwhile, silver production decreased slightly, with 25,166 kilograms produced in October compared to 26,827 kilograms the previous month.

South of the border, the US Federal Reserve held its final meeting of the year this past Tuesday and Wednesday (December 18). The committee cut the benchmark rate by 25 basis points, lowering it to 4.25 to 4.5 percent.

The Fed cited an improving economic outlook, with inflation easing towards its target 2 percent range and a better job market balance. However, the Fed is widely expected to slow further cuts in the new year as it continues to gather data.

In his remarks following the meeting, Fed Chairman Jerome Powell wouldn’t rule out future increases as some inflationary indicators have stalled in recent weeks.

The news was not well received on Wall Street, with the Dow plunging more than 1,000 points following the announcement.

Over the course of the week, markets were broadly down. The S&P 500 (INDEXSP:INX) fell 2.19 percent to end Friday at 5,930.84, while the Nasdaq-100 (INDEXNASDAQ:NDX) shed 2.69 percent to 21,289.15. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) finished the week down 2.25 percent at 42,840.25.

Precious metals also took a hit on the Fed news, with gold and silver plunging below US$2,600 and US$30 respectively.

Overall, gold lost 1 percent over the week to finish Friday at US$2,623.92 and silver sank 3.42 percent to US$29.49 per ounce. Additionally, copper fell 2.61 percent for the week to close at US$4.10 per pound on the COMEX. The S&P GSCI (INDEXSP:SPGSCI) was down 1.32 percent to close at 539.08.

Learn about this week’s five best-performing Canadian mining stocks below.

Data for this article was retrieved at 4:00 p.m. EST on December 20, 2024, using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Omineca Mining and Metals (TSXV:OMM)

Company Profile

Weekly gain: 66.67 percent
Market cap: C$10.91 million
Share price: C$0.075

Omineca Mining and Metals is a gold exploration and mining company working to advance its Wingdam project in British Columbia, Canada.

The project consists of 61,329 hectares of hard rock and placer claims within the Cariboo mining district. It is a 50/50 joint venture with D&L Mining. The site currently hosts mining operations focused on extracting placer gold from gravels 50 meters beneath Lightning Creek.

According to the company, the mine is extracted through gravity separation, which uses an existing reusable water supply without chemicals, mill waste or tailings.

Omineca’s shares saw price gains at the end of the week, but the only news came early in the week after the company announced on Tuesday that it had expanded its diamond drilling program at Wingdam from 10 holes to 17 and up to 10,000 meters. So far, the company has completed six holes with two rigs and sent its first sample to be assayed.

The company said drilling has encountered some quartz veins with various concentrations of semi-massive to massive sulphide mineralization, and included photos of the mineralized cores. Samples from several holes will be assayed for coarse gold.

Additionally, on December 6, the company announced that it had entered into a non-brokered private placement of flow-through units for C$0.055 per share, with gross proceeds of up to C$2.4 million. The company said it would use the funds to explore Wingdam further as it works to find the lode source of the placer gold.

2. Bayhorse Silver (TSXV:BHS)

Company Profile

Weekly gain: 45.45 percent
Market cap: C$17.87 million
Share price: C$0.08

Bayhorse Silver is a silver-focused company currently working to bring the Bayhorse silver, copper and antimony mine in Oregon, US, back online.

The mine was originally in operation until late 1984 and closed when the price of silver dropped to under US$6 per ounce. Historic sampling during the 1980s identified grades of 2,146 grams per metric ton (g/t) silver, and a bulk sampling program conducted by Bayhorse in 2014 found bonanza grades of 150,370 g/t silver.

The company has continued to explore the property and, in October 2018, produced a maiden resource estimate that showed the property hosts inferred resources of 6.33 million ounces of silver from 292,300 US tons of ore with an average grade of 21.65 ounces per US ton.

The most recent update from the project came on December 19 when the company reported that drilling had encountered a strongly brecciated zone at 112 meters downhole, continuing to the current drilling depth of 148 meters. Bayhorse said the XRF field analysis showed elevated levels of copper, zinc and lead, but confirmation from a formal lab assay is needed.

3. Defense Metals (TSXV:DEFN)

Company Profile

Weekly gain: 40 percent
Market cap: C$32.53 million
Share price: C$0.14

Defense Metals is a rare earth metals exploration and development company currently focused on advancing its Wicheeda property near Prince George in British Columbia, Canada.

The property consists of 12 mineral claims covering 6,759 hectares and hosts rare earth element mineralization, first discovered at the site in 1976. Between 2019 and 2023, Defense extensively explored the property, drilling 60 diamond drill holes totalling 12,883.91 meters.

In August 2023, the company produced a technical report for the property with its most recent mineral resource estimate. The site hosts measured and indicated resources of 699,000 metric tons of total rare earth oxides from 34.17 million metric tons of ore with an average grade of 2.02 percent, as well as inferred resources of 113,000 metric tons of total rare earth oxides from 11.05 million metric tons of ore with an average grade of 1.02 percent.

The company’s most recent news came on Thursday, when it announced it would grant 9.95 million incentive stock options to directors, officers and consultants. The options are exercisable for five years, with 8.85 million offered at C$0.125 per share, 400,000 offered at C$0.205 per share and 700,000 at C$0.26.

4. Nevada Lithium Resources (CSE:NVLH)

Company Profile

Weekly gain: 37.5 percent
Market cap: C$53.18 million
Share price: C$0.22

Nevada Lithium Resources is an exploration and development company working to advance its Bonnie Claire lithium project in Nevada, US. The property consists of 915 placer claims covering an area of 74.1 square kilometers in Nye County.

According to a mineral resource estimate issued on Monday (December 16), the site hosts indicated resources of 202,000 metric tons of contained lithium from ore with an average grade of 1,074 parts per million (ppm) and inferred resources of 499,000 metric tons contained lithium at an average grade of 1,106 ppm.

Along with the lithium, the site also has significant quantities of boron, hosting an indicated resource of 231,000 metric tons of contained boron from ore with an average grade of 1,519 ppm and an inferred resource of 407,000 metric tons at 1,505 ppm.

In addition to the technical report, Nevada Lithium announced the same day that it had been given conditional approval to list its common shares on the TSX Venture exchange. Once final approval is received, shares will be listed on the TSXV under the same ticker symbol and delisted from the CSE.

5. Gratomic (TSXV:GRAT)

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Company Profile

Weekly gain: 33.33 percent
Market cap: C$13.02 million
Share price: C$0.06

Gratomic is a junior graphite development and exploration company with assets in Namibia, Canada and Brazil.

Its primary project is the Aukam graphite property, located near the port of Luderitz in Southern Namibia. It covers an area of 141,500 hectares and has been granted four prospecting licenses. The site hosts an existing 7,200 metric ton per year modular processing plant, with the capability to be upgraded to 22,000 metric tons per year.

Gratomic has been working to create stockpiles at the Aukam mine as it starts to ramp up production. During the commercial commissioning phase of the plant, the company produced 300 metric tons of graphite.

Gratomic shared an update on the project on November 21, and announced the appointment of new Chief Operating Officer and Director Hermanus Manuel Silver.

“We have already started working on a business plan which we plan to implement in December 2024 to set the stage for greater strategic advancement of the asset and the processing plant,” he said.

The company’s most recent news came on December 11, when it alleged that its former chief operating officer had wrongfully transferred some of its mining claims at its Capim Grosso property in Brazil to another graphite company. It has yet to be approved by the country’s mining authority, and Gratomic is seeking legal advice. The company stated that it had made significant investments in the transferred claims, and it plans to sell the property if it can recover it.

Gratomic had previously allowed other mining claims at its Capim Grosso property to expire as it said further exploration and development costs at the site were not justified and would drain company resources.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

(TheNewswire)

Opawica Explorations Inc.

December 20th, 2024 Vancouver, B.C. TheNewswire – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the ‘Company’ or ‘Opawica’), a Canadian mineral exploration company focused on precious and base metal projects, is pleased to announce that it has closed the recently announced private placement (December 17, 2024) of 4,330,00 Units for total aggregate proceeds of CAD $1,082,500 each consisting of one flow through Share of the Company and one half Common Share Purchase Warrant at a price of $0.25 per Unit.

Each purchase Warrant is exercisable into one Common Share at an exercise price of $0.40 per share at any time up to 24 months following the closing date. The Company also maintains a Warrant Acceleration option allowing Opawica to accelerate the expiry date of the Warrants if the daily trading price of the Common Shares on the TSX Venture Exchange is greater than $0.55 per Common Share for the preceding 10 consecutive trading days. All securities issued under the Offering and including Warrants will be subject to a four (4) month and one day holding period being April 21 st, 2025.

As part of the closing, Opawica has agreed to compensate the finding agents with a commission of up to 6.0% cash totaling $64,950, and up to 6.0% purchase Warrants totaling 259,800 Warrants based on the gross proceeds of the Offering. Each purchase Warrant is exercisable @ $0.40 according to the terms described above.

The Company intends to use the net proceeds to advance drilling obligations on its flagship properties in the Abitibi Gold Belt Québec.

The Private Placement remains subject to receipt of all required approvals, including the final approval of the TSX Venture Exchange, as well as execution of formal documentation.

Blake Morgan CEO and President states, ‘With a great cash position in hand, Opawica is now primed to start drilling on its flagship properties in the Abitibi Green Stone Belt Québec. A large number of high priority drill targets have been identified across our two flagship properties and the company is eager to drill them. The company will have some more news regarding the drill program soon. We welcome shareholders to visit www.opawica.com and follow us on our journey.’

A bout Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

Fax: 604-681-3552

www.opawica.com

info@opawica.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy

of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Senate Democrats labeled billionaire Elon Musk ‘co-president’ and ‘shadow speaker’ among other titles as they reacted to the original stopgap spending deal’s implosion on Wednesday after he and ultimately President-elect Trump came out against it. 

Sen. Elizabeth Warren, D-Mass., said Musk ‘seems to be the guy in charge of the country now,’ reacting to his apparent ability to influence the bill’s prompt failure despite it having been agreed upon by bipartisan leaders in Congress. 

If a measure to provide funding for the government is not passed by Congress and signed by President Biden by midnight on Saturday morning, a partial government shutdown will go into effect. 

As of Thursday, the U.S. national debt was at $36,167,604,149,955.61 and continues to climb rapidly. 

After a 1,547-page short-term spending bill was debuted this week. Musk quickly took to X to trash it, pointing out various seemingly irrelevant provisions as well as its cost and length. 

He was soon joined by other critics, and Trump and Vice President-elect JD Vance issued their own statement opposing the bill. 

This led to significant criticism from Democrats unhappy with Musk’s apparent ability to influence Trump and the Republicans in Congress. 

‘He’s the one who seems to be calling the shots,’ Warren told reporters. 

‘Elon Musk is the one evidently in charge of the Republican Party and has blown that deal up. So I don’t know how the Republicans are planning to recover from that,’ she said. 

Sen. John Fetterman, D-Pa., suggested that Musk is ‘already the shadow speaker of the House,’ in a slight against House Speaker Mike Johnson, R-La.

‘I think he’s unelected, and he’s created a whole lot of damage,’ said Sen. Raphael Warnock, D-Ga.

He claimed Republicans in Congress were ‘busy listening to Co-President Musk and co-President Trump.’ 

‘I’m listening to the people of Georgia, especially the farmers who are struggling to get disaster relief. And, we need to make sure that we get that over the finish line,’ said Warnock.

Sen. Mark Kelly, D-Ariz., reiterated that Musk is not an elected official. ‘He doesn’t have any official government job,’ he said. 

‘We had a deal with Republicans in the House and now, because of him, the president-elect is on the verge of people losing their jobs and not getting paid over the holidays,’ Kelly said of a potential partial shutdown if a bill is not passed by a deadline of midnight on Saturday morning. 

Despite their Democratic colleagues’ claims, Republicans pushed back on the idea that Trump was being influenced by Musk. Sen. James Lankford, R-Okla., noted that there are ‘lots of people around President Trump,’ adding that he doesn’t think Musk has control over what the president-elect does. 

Musk was tapped by Trump, along with former presidential candidate Vivek Ramaswamy, to lead what is called the Department of Government Efficiency (DOGE), a proposed advisory board tasked with eliminating government waste.

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