Legacy Insiders Hub
Category

Investing

Category
In Investing

Trump Admin Strips “Safety” from AI Oversight Institute in Move to Rebrand

No Comments

The Trump administration announced a rebrand of the US Artificial Intelligence (AI) Safety Institute, stripping the word “safety” from the organization’s title and mission.

The institute, once tasked with developing standards to ensure AI model transparency, robustness and reliability, will now be known as the Center for AI Standards and Innovation (CAISI). According to the announcement, its focus will be on enhancing US competitiveness and guarding against foreign threats, not constraining the industry with regulations.

The decision, announced on Tuesday (June 3) by US Secretary of Commerce Howard Lutnick, marks a sharp departure from the Biden-era posture on AI governance.

‘For far too long, censorship and regulations have been used under the guise of national security. Innovators will no longer be limited by these standards,” Lutnick said in a statement.

“CAISI will evaluate and enhance US innovation of these rapidly developing commercial AI systems while ensuring they remain secure to our national security standards.”

Established in November 2023 under President Joe Biden’s executive order on AI, the original AI Safety Institute was housed within the National Institute of Standards and Technology (NIST). It aimed to assess AI risks, publish safety benchmarks and convene stakeholders in a consortium focused on responsible AI development.

But with the Trump administration’s return to the White House, the emphasis has shifted.

Instead of curbing AI risks through regulation and safety protocols, the renamed CAISI will now prioritize “pro-innovation” objectives, including the evaluation of foreign AI threats, mitigation of potential backdoors and malware in adversarial models and avoidance of what the administration sees as regulatory overreach from foreign governments.

According to the commerce department, CAISI’s primary tasks will include collaborating with NIST laboratories to help the private sector develop voluntary standards that enhance the security of AI systems, particularly in areas like cybersecurity, biosecurity and the misuse of chemical technologies. The center will also establish voluntary agreements with AI developers and evaluators, and lead unclassified evaluations of AI capabilities that may pose national security risks.

In addition to those directives, CAISI will lead comprehensive assessments of both domestic and foreign AI systems, focusing on how adversary technologies are being adopted and used, and identifying any vulnerabilities, such as backdoors or covert malicious behavior, that could pose security threats.

The center is also expected to work closely with the Department of Defense, the Department of Energy, the Department of Homeland Security, the Office of Science and Technology Policy, and the intelligence community.

CAISI will remain housed within NIST and will continue to work with NIST’s internal organizations, including the Information Technology Laboratory and the Bureau of Industry and Security.

Rise of foreign AI spurs national security concerns

The reformation of the institute reflects Trump’s broader AI strategy: loosen domestic oversight while doubling down on global AI dominance. Within his first week back in office, Trump signed an executive order revoking Biden’s prior directives on AI governance and removed his AI policy documents from the White House website.

That same week, he announced the US$500 billion Stargate initiative — a massive public-private partnership involving OpenAI, Oracle and SoftBank Group (OTC Pink:SOBKY,TSE:9984) that is intended to make the US the global leader in AI.

The Trump administration’s pivot has been partly catalyzed by growing concerns over foreign AI competition, particularly from China. In January, Chinese tech firm DeepSeek unveiled a powerful AI assistant app, raising alarms in Washington due to its technical sophistication and uncertain security architecture.

Trump called the app a ‘wake-up call,” and lawmakers quickly moved to introduce legislation banning DeepSeek from all government devices. The Navy also issued internal guidance advising its personnel not to use the app “in any capacity.”

Signs of an impending transformation had emerged earlier in the year.

Reuters reported in February that no one from the original AI Safety Institute attended the high-profile AI summit in Paris that month, despite Vice President JD Vance representing the US delegation.

Trump’s One Big Beautiful Bill reshaping US AI governance

Trump’s massive One Big Beautiful Bill, which includes much of the aforementioned legislation, is poised to dramatically reshape the landscape of AI regulation in the US. The bill introduces a 10 year moratorium on state-level AI laws, effectively centralizing regulatory authority at the federal level.

This move aims to eliminate the patchwork of state regulations, which the administration claims would foster a uniform national framework to bolster American competitiveness in the global AI arena.

The bill’s provision to preempt state AI regulations has sparked significant controversy.

A coalition of 260 bipartisan state lawmakers from all 50 states has urged to remove this clause, arguing that it undermines state autonomy and hampers the ability to address local AI-related concerns. Critics also warn that the moratorium could delay necessary protections, potentially endangering innovation, transparency and public trust. They argue that it may isolate the US from global AI norms and reinforce monopolies within the industry.

Despite the backlash, proponents within the Trump administration assert that the bill is essential for maintaining US leadership in AI. The One Big Beautiful Bill is currently being debated in the US Senate.

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

This post appeared first on investingnews.com
by
Read More
In Investing

Silver Price Surges to US$36, Marking 13 Year High

No Comments

Overshadowed by gold in recent months, silver claimed the spotlight on Thursday (June 5).

The white metal’s price rose as high as US$36.03 per ounce in early morning trading, a 13 year high, before retreating toward the US$35.50 mark as US markets began their sessions.

Recent economic and geopolitical events have raised analysts’ expectations of a September rate cut from the US Federal Reserve, helping to fuel safe-haven buying of silver and gold.

The central bank has held its benchmark rate at 4.25 to 4.5 percent since November 2024.

Silver price, May 29 to June 5, 2025.

Silver price, May 29 to June 5, 2025.

CME Group’s (NASDAQ:CME) FedWatch tool shows half of market respondents predict a 0.25 percent cut at the Fed’s September meeting, while the other half is split on the Fed holding the line and a deeper 0.5 percent cut.

Silver’s spike also comes after a phone call between US President Donald Trump and Russian President Vladimir Putin. Following the discussion, Trump said a near-term ceasefire between Russia and Ukraine is unlikely, noting that Putin has vowed to respond to recent attacks by Ukraine that destroyed more than 40 nuclear-capable aircraft.

On the economic data front, the US released its weekly unemployment insurance report on Thursday. It shows that the advance figure for seasonally adjusted initial claims was 247,000 for the week ended on May 31. The four week average has been pushed to 1.9 million, the highest level since November 27, 2021.

The US Bureau of Labor Statistics reported more data to suggest a slumping US economy in a Thursday report focused on Q1. In its release, the bureau said that nonfarm labor productivity decreased 1.5 percent in the first quarter of the year as output decreased 0.2 percent and hours worked increased 1.3 percent.

The labor news comes as the Trump administration ratcheted up tariffs on steel and aluminum products to 50 percent this week, raising the possibility of a deepening trade war, and putting greater pressure on the global economy.

Elsewhere, gold and equity markets weren’t faring as well on Thursday.

Gold was off by 0.5 percent in morning trading, falling to US$3,353.66 per ounce.

The metal has surged more than 25 percent this year, setting a slew of new price records, and has continued to trade in elevated territory, fueled by the same conditions as silver’s recent run.

The S&P 500 (INDEXSP: INX) was flat, recording a 0.14 percent decline to 5,961. The Nasdaq-100 (INDEXNASDAQ: NDX) was the sole gainer in morning trading, rising 0.24 percent to 21,776, and the Dow Jones Industrial Average (INDEXDJX: .DJI) was unchanged at 42,422.

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

This post appeared first on investingnews.com
by
Read More
In Investing

Auto Industry Takes Hit as China’s Rare Earths Export Controls Impact Supply Chains

No Comments

The global auto sector is under strain as China’s tightened export controls on rare earths begin to ripple across supply chains, shutting down parts production and forcing carmakers to brace for deeper disruptions.

The export curbs, imposed in April in response to US tariffs under President Donald Trump, are now triggering operational slowdowns and halts from Europe to Japan, with suppliers and automakers sounding the alarm.

The European Association of Automotive Suppliers (CLEPA) confirmed this week that several supplier plants in the region have already ceased production due to depleted inventories of rare earths and related magnets.

These materials are critical to both electric and internal combustion engine vehicles, and CLEPA has warned that more shutdowns are imminent if the situation remains unresolved. The group notes that while hundreds of export license applications have been submitted to Chinese authorities, only about a quarter have been approved so far.

“With a deeply intertwined global supply chain, China’s export restrictions are already shutting down production in Europe’s supplier sector,” said CLEPA Secretary General Benjamin Krieger in a statement.

The German Association of the Automotive Industry (VDA), which represents the country’s powerful car manufacturing lobby, echoed this concern in comments made this week.

“The Chinese export restrictions on rare earths are a serious challenge for the security of supply, and not just in the automotive supply chains,” VDA President Hildegard Müller told CNBC in an email.

“If the situation does not change quickly, production delays and even production stoppages can no longer be ruled out.”

China’s commerce ministry began implementing stricter export controls in early April, requiring suppliers of rare earth elements and high-performance magnets to obtain special licenses for overseas shipments.

The process has proven slow, opaque and burdensome, with applications running into the hundreds of pages. According to customs data, exports of rare earth magnets from China halved in April.

The policy has escalated a broader trade conflict between the world’s two largest economies.

Trump imposed tariffs as high as 145 percent on Chinese imports earlier this year in an attempt to rebalance trade flows and revive domestic manufacturing. After initial market backlash, some of those tariffs were scaled back, but China’s retaliatory move to weaponize its dominance of the critical minerals supply chain has reopened the standoff.

“US-based automotive production may have to halt production now because of shortages caused by China of high-performance permanent rare earth magnets,” warned Mark A. Smith, CEO of NioCorp Developments (NASDAQ:NB).

Smith said China is the world’s only source of processed heavy rare earths and holds complete leverage in this domain.

“The only real solution is to accelerate production in the US of these strategic materials and reduce our current dependence on China,” he added in a statement issued by his company this week.

The White House has not publicly commented on the situation, though expectations are high that Trump and Chinese President Xi Jinping will address the export curbs in an upcoming conversation.

In a social media post on Wednesday (June 4), Trump called Xi “VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH,” reflecting the fragile state of ongoing trade negotiations.

Analysts have long warned that overreliance on China for critical minerals — including the rare earths needed in wind turbines, electric vehicles, semiconductors and military systems — poses both economic and security risks.

Currently, China accounts for nearly 90 percent of global rare earths refining and 60 percent of rare earths mining.

As governments and companies scramble to shore up supply chains, the rare earths crisis has become emblematic of the vulnerabilities built into the green energy transition — and the geopolitical risks of concentrated supply.

With no immediate end in sight, the global auto sector may be facing the early stages of a protracted disruption.

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

This post appeared first on investingnews.com
by
Read More
In Investing

Metals Focus: Gold to Average US$3,210 in 2025 as Central Banks Buy and Trade Tensions Grow

No Comments

Leading gold analysis firm Metals Focus published its annual flagship Gold Focus report on Thursday (June 5).

The report outlines the key trends influencing the gold market and price over the past year, noting that the metal experienced a remarkable run in 2024, driven by improving investor sentiment toward the yellow metal.

Throughout the year, the gold price surged at a blistering pace, starting 2024 at around the US$1,980 per ounce mark and reaching a peak of US$2,790 at the end of October. Since then, gold has continued to climb, setting repeated record highs since the start of 2025 — the most recent occurred on May 6, when gold reached US$3,437.

Metals Focus anticipates that the underlying conditions supporting gold’s record run will persist through 2025, with the price expected to reach a yearly average of US$3,210, a record high.

Yearly and quarterly gold price charts with 2025 forecast.

Yearly and quarterly gold price charts with 2025 forecast.

Charts via Metals Focus.

What’s behind the shift in investor sentiment?

Up until the start of 2025, investor sentiment remained low, particularly in western markets where exchange-traded funds (ETFs) saw outflows for much of the year. It wasn’t until October, as the price of gold approached the US$2,800 mark, that ETF inflows in the US and Europe began to gain positive momentum.

Significant purchases by central banks in Asia, the Middle East, and Eastern Europe provided essential pricing support for gold behind the price gains in 2024. Overall, central banks added a record 1,086 metric tons throughout the year.

This buying was driven by countries aiming to diversify their monetary holdings away from the US dollar, as gold serves as a non-liability-bearing reserve asset. The shift in monetary policy has gained attention over the past several years, especially after Russia’s invasion of Ukraine and growing concerns over US overreach following the country’s actions to cut Russia off from the global banking system and restrict the use of the US dollar.

Investors also noted the persistent tensions between Russia and Ukraine, along with fears that the Israel–Gaza conflict could escalate into a broader regional war, which further influenced sentiment in favour of gold as a haven asset.

Geopolitics, uncertainty provide additional price support in 2025

The underlying global drivers have persisted into early 2025, accompanied by new tailwinds for the gold market.

These include the chaos caused by US trade policy, which has created a rift between the world’s largest economy and key trading partners, notably Canada, Mexico, and China. Tariffs have heightened the expectation of a trade war that could affect supply chains and future trade agreements.

The severity, permanence, and outcomes of these measures have only just begun to be felt in the market. US market data registered a slight uptick in inflation numbers for May, and the US Federal Reserve suggested that uncertainty played a role in its decision to maintain interest rates at its last meeting on May 6-7.

Policies enacted by the Trump administration since the beginning of the year have led to a slowdown in global economic growth and have even raised the spectre of a recession as the tariffs threaten to reverse global central banks’ fight against inflation.

In addition to US foreign policy, its ballooning debt continues to erode confidence in the US dollar as the global reserve currency. The current US debt sits around US$37 trillion. The Trump administration pledged to tackle growing debt by cutting government spending through new initiatives like the Department of Government Efficiency.

However, a new spending bill that would essentially extend Donald Trump’s Tax Cuts and Jobs Act would reduce federal income by US$4.5 billion, with minimal decrease in spending to offset this loss.

The overall sustainability of the US economy has raised significant concern among investors, particularly as expectations suggest that Trump’s policies will worsen the debt crisis in the US. This has led to considerable instability in US and global equity markets since the start of the year, resulting in increased inflows into gold and gold-backed securities.

Supply and demand outlook

High prices are causing significant shifts in market demand, leading Metals Focus to predict a net decline of 9 percent in 2025, with total tonnage falling to 4,246 metric tons from the 4,669 metric tons recorded in 2024.

Leading the way is jewellery, the largest demand segment, which is projected to decrease by 16 percent in 2025, dropping from 2,011 metric tons in 2024 to 1,696 metric tons, with India and China contributing the most substantial declines.

In India, a shift towards lighter weight and lower karat pieces is expected to accelerate, while in China, high prices, weak consumer sentiment, and a sluggish economy will impact demand there.

In other countries, jewellery demand is likely to be affected by high prices, low consumer confidence, and economic uncertainty.

Gold supply and demand.

Gold supply and demand.

Chart via Metals Focus.

Additionally, central banks are expected to slow their pace of buying, with Metals Focus suggesting an 8 percent decline to 1,000 metric tons, down from the record 1,089 metric tons purchased the previous year.

However, these declines will be offset by increases in other sectors.

Net physical demand is predicted to rise by 2 percent to 1,218 metric tons from 1,191 metric tons in 2024 as more investors will be drawn to gold to diversify their portfolios amid economic uncertainty and geopolitical tension.

The expectation is that much of the increase will be driven by Chinese investment, followed by a recovery in European markets. Conversely, the US may experience some decline as investors there seek to take profits while gold continues to trade near record-high prices.

Gold supply is projected to see modest growth in 2025, with Metals Focus forecasting a 1 percent increase to 3,694 metric tons from the 3,661 metric tons recorded in 2024. Higher output is anticipated globally, with the exceptions of Asia, Oceania, and the Commonwealth of Independent States.

A significant contributor is a 19 percent increase in North American output as Artemis Gold’s (TSXV:ARTG,OTCQX:ARGTF) Blackwater mine, B2Gold’s (TSX:BTO,NYSE:BTG) Goose Project, and Calibre Mining’s (TSX:CXB,OTCQB:CXBMF) Valentine mine come online. Similarly, Central and South America are expected to see several new mines begin operations in 2025, resulting in a 23 percent increase in regional output.

The firm expects recycling to remain stable, despite predictions that gold prices will reach record highs for the remainder of 2025.

Metals Focus attributes this stability to weak retail destocking in China, which corresponds with low demand for jewellery. In the West, recycling is anticipated to be affected by near-market stock depletion and increased exchange rates of old for new jewellery in price-sensitive markets.

Furthermore, producer debt obligations must be addressed alongside periods of high capital expenditures for certain producers, which is anticipated to result in heightened hedging activity by year-end.

Investor takeaway

Overall, Metals Focus predicts a strong year for gold prices, driven by a global macro environment characterized by trade wars, economic uncertainty, and geopolitical tensions.

While higher prices may reduce discretionary spending on gold products, investors are turning to the gold market to diversify their portfolios, further contributing to a rise in gold prices in 2024 and 2025.

However, elevated prices will likely benefit producers who have spent recent years finding operational efficiencies and offsetting cost increases from a heightened inflationary environment. This situation has led to higher margins and a healthy balance sheet in 2024, which Metals Focus believes is likely to continue into 2025.

Although exploration activities faced a global downturn in 2024, there were notable exceptions. Metals Focus noted that mining data firm Opaxe recorded a 10 percent decrease in global exploration reports in 2024. However, Canada, Australia, and the US made up 70 percent of the total updates, indicating a preference for politically stable jurisdictions.

Investors in the gold market may benefit from paying attention to these trends, as producers aim to expand mining operations or seek new deposits to replenish depleting resources.

Securities Disclosure: I, Dean Belder, own shares of Calibre Mining.

This post appeared first on investingnews.com
by
Read More
In Investing

Prismo Metals Appoints Gordon Aldcorn as President

No Comments

(TheNewswire)

Prismo Metals Inc.

Vancouver, British Columbia TheNewswire – June 5th, 2025 Prismo Metals Inc. (the ‘ Company ‘) (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce the appointment of Gordon Aldcorn as President, effective immediately.

‘I am honored to take on the role of President at Prismo Metals during this exciting phase of the Company’s growth,’ said Mr. Aldcorn. ‘Prismo has built a compelling portfolio of high-potential precious and base metal projects in Mexico and Arizona, supported by a strong technical foundation and a clear exploration focus. I look forward to working with the Prismo team and valued partners to unlock further value for shareholders and advance our strategic.’

With a commitment to responsible mineral exploration and long-term stakeholder engagement, Mr. Aldcorn brings over 20 years of experience in capital markets and junior public company development including the past five years in corporate management of copper/gold exploration projects.

‘I am pleased that Gordon has agreed to join Prismo as President, taking over from Steve Robertson who transitions back to being an advisor, a role he took on back in January 2023,’ said Alain Lambert, CEO of Prismo. ‘I have known Gordon for many years, and I look forward to working with him to bolster our exploration and capital markets activities.’

Prismo Metals Inc. thanks outgoing President Steve Robertson for his service and leadership and is pleased Mr. Robertson will remain with Prismo in an advisory role.

‘I look forward to continuing to provide technical guidance in the role of Advisor as we go forward. Prismo’s Hot Breccia project remains one of the most compelling copper exploration projects I have seen, and I am committed to helping Prismo move this project forward,’ said Steve Robertson.

Prismo’s priority remains to undertake a 5,000-meter drill program at our Hot Breccia copper project located in the heart of the prolific Arizona Copper Belt. To achieve this important milestone, Prismo continues to engage in discussions with both potential investors and strategic partners already present in our district or wanting to gain a foothold in the district. Regarding our Palos Verdes silver project in Mexico, the Company continues to track the tremendous progress of our strategic partner Vizsla Silver Corp. as they move their exploration activities towards the northeast side of the Panuco district, where Palos Verdes is located. Finally, Prismo has recently been evaluating a select number of projects in North America that can provide tremendous exploration upside at attractive financial conditions.

‘Current market conditions are favorable for acquisition of precious metals and copper projects at advantageous terms and conditions. We favor drill ready projects in America close to excellent infrastructure,’ said Dr. Craig Gibson, Chief Exploration Officer of Prismo. ‘We feel that being active in exploring a third project would greatly add to shareholder value.’

The Board of Directors is confident that Mr. Aldcorn’s leadership will further strengthen Prismo’s position in the junior exploration space and support the advancement of its flagship Palos Verdes and Hot Breccia projects. Mr. Aldcorn was issued an aggregate of 150,000 restricted share units (the ‘RSUs’). Each RSU entitles the holder to be issued one Common Share on vesting. The RSUs will vest over one year, with one-third of the Options vesting every three months. Mr. Aldcorn was also granted 650 ,000 stock options (the ‘ Options ‘). The Options are each exercisable to purchase one common share of the Company at an exercise price of $0.075 for a period of five years. The Options will vest over one year, with one-third of the Options vesting every three months.

About Prismo Metals Inc.

Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Alcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com
by
Read More
In Investing

Red Metal Resources Provides Update on Results of Mapping Program on Its Carrizal IOCG Property

No Comments

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’) is pleased to announce it has received results from the sampling and mapping work program, which was designed to follow up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine.

Highlights

  • Significant sample returns of 17.3% Cu with 5.0 g/t Au, 7.1% Cu with 8.4g/t Au, and 6.8% Cu with 7.0 g/t Au in the South Theresa Zone
  • Clear definition of veins in the South Theresa zone, which show higher gold to copper ratios than the main Farellon structure
  • 71 samples collected, all samples returned higher than 1% Cu, 41 returned greater than 4% Cu, and 22 returned greater than 1g/t Au

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/254576_78196f39c4899a78_001.jpg

Figure 1: Gold sample results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/254576_78196f39c4899a78_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/254576_78196f39c4899a78_002.jpg

Figure 2: Copper sample results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/254576_78196f39c4899a78_002full.jpg

Red Metal Resources President and CEO, Caitlin Jeffs, stated,‘These outstanding results, with grades up to 17.3% copper and 8.4 g/t gold, underscore Carrizal’s potential as a cornerstone asset in the global copper-gold sector. With the Carrizal Property, we have the potential to unlock a world-class IOCG system, and we invite our shareholders to join us on this exciting journey toward discovery.’

The 2025 mapping and sampling program has highlighted the higher-grade gold potential of the southwestern extension of the veins that have never been drill tested and only had limited sampling.

Sampling of the Armonia vein as it extends from the historic Carrizal Alto mine onto Red Metal’s Carrizal Property continues to highlight the 2.5 kilometeres of veining that has not been drill tested.

Table 1: Grab Sample Highlights (1)(2)

Sample 
Number		 Northing 
UTM		 Easting 
UTM		 CuT % 
Total Cu		 CuS % 
Soluble Cu		 Au g/t
South Theresa Veins
Carz 010 310602 6888689 17.3 17.1 5.0
Carz 011 310521 6888638 7.1 6.8 8.4
Carz 018 309681 6888087 6.8 6.6 7.0
Carz 071 309713 6888210 6.3 6.2 0.4
Carz 021 309812 6888230 6.1 6.0 0.3
Carz 023 309970 6888385 4.9 4.9 1.0
Carz 017 309650 6888053 4.9 4.8 1.6
Carz 013 310274 6888473 4.5 4.4 0.8
Carz 014 310202 6888420 4.3 4.2 0.7
Gorda Vein
Carz 106 309378 6888671 7.2 7.1 1.9
Carz 103 309470 6888778 5.8 5.8 0.5
Carz 101 309520 6888848 5.4 5.1 0.5
Carz 110 309199 6888442 4.5 3.9 1.4
Carz 107 309315 6888618 4.5 4.4 1.0
Carz 113 309043 6888118 4.4 4.3 0.6
Carz 112 309150 6888347 4.0 3.9 1.0
Armonia Vein Extension
Carz 001 311355 6889213 5.7 5.5 0.3
Carz 047 311279 6890005 5.5 5.5 0.7
Carz 003 310985 6888985 4.9 4.8 3.0
Carz 088 310935 6889853 4.5 4.4 0.3
Carz 044 311497 6890106 4.4 4.3 0.8
Carz 058 310385 6889051 4.2 4.0 1.2
Carz 084 310621 6889602 3.9 3.2 0.8
Carz 043 311544 6890152 3.8 3.6 0.5
Carz 080 310432 6889267 3.6 1.1 1.0

 

(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken

Qualified Person

The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (‘QP’) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Red Metal Resources Ltd.

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company’s portfolio of projects includes seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totalling over 4,546 hectares, located in Ville Marie, Quebec, and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com.

Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com

Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254576

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
by
Read More
In Investing

Bold Ventures Announces Further Increase of Non-brokered Private Placement

No Comments

Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce that the offering of its non-brokered private placement first announced on April 11th and increased on May 26, 2025, will be increased by a further $19,000 of Flow Through units (the ‘FT Units’). The Company is offering up to 9,000,000 working capital units (the ‘WC Units’) at a price of $0.05 per WC Unit for up to $450,000, and up to 10,316,666 FT Units at a price of $0.06 per FT Unit for up to $619,000, both of which constitute the ‘Offering.’

The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and June 23, 2025.

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common share purchase warrant (a ‘WC Warrant‘) entitling the holder to acquire one (1) common share at a price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘FT Warrant’) and $0.08 will acquire an additional common share until eighteen (18) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ 
Bruce MacLachlan 
President and COO 		 ‘David B Graham’
David Graham
CEO

 

Direct line: (705) 266-0847 
Email: bruce@boldventuresinc.com

Neither 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.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254549

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
by
Read More