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Artificial intelligence (AI) stocks saw continued pressure this week as concerns about overvaluation weighed on the sector ahead of NVIDIA’s (NASDAQ:NVDA) results release for its second fiscal quarter.

The company beat Wall Street projections on revenue, earnings and profits, but shares still fell in extended trading on Tuesday (August 26) after it reported no H20 sales to China, where competition from domestic firms is heating up.

John Murillo, chief business officer at B2BROKER, suggested the pullback could present a short-term buying opportunity for high-quality names with strong fundamentals, but cautioned that it could be the start of a broader correction.

Reports that DeepSeek will train its newest AI models on Huawei chips and Cambricon Technologies’ (SHA:688256) 4,300 percent revenue surge underscore the shifting AI landscape. Still, optimism wasn’t absent: NVIDIA CEO Jensen Huang pointed to accelerating global demand and unveiled a US$60 billion buyback program to reassure investors.

“All in all, the sector’s long-term trajectory remains bullish, with AI adoption accelerating across industries,” said Murillo.

Nasdaq Composite, NVIDIA and Dell Technologies performance, August 26 to 29, 2025.

Chart via Google Finance.

However, it wasn’t enough to reassure the public, and NVIDIA’s share price fell over 4 percent between Wednesday (August 27) and Friday (August 29). As investors analyzed new inflation data that indicates tariffs are impacting prices, other AI-related stocks saw losses too, pulling the S&P 500 (INDEXSP:.INX) from its recent record highs.

With that, here’s a look at some of the other drivers that shaped the tech sector this week.

1. Intel warns of adverse reactions to government equity stake

In a US Securities and Exchange Commission Form 8-K filing dated August 22, Intel (NASDAQ:INTC) warns that the federal government’s 10 percent stake in its business could cause “adverse reactions,” including litigation from investors, employees, customers, suppliers, partners and foreign governments.

The company also discloses a clause in the agreement that would raise the government’s stake to 15 percent if the company fails to meet set manufacturing thresholds.

Moreover, the filing states that, if this agreement prompts other government bodies to seek similar stakes, the varied agendas could diminish the voting power of other shareholders.

The comments come after the White House announced last week that it would take a 10 percent stake in the company in a deal worth around US$8.9 billion. On Monday, (August 25), President Donald Trump suggested he might pursue similar agreements with other American companies, posting on Truth Social:

“I will also help those companies that make such lucrative deals with the United States. I love seeing their stock price go up, making the USA RICHER, AND RICHER.”

Meanwhile, White House economic advisor Kevin Hassett told CNBC that the deal is part of a broader strategy to create a sovereign wealth fund that may include additional companies.

Later, during an interview on CNBC’s Squawk Box on Tuesday, Secretary of Commerce Howard Lutnick said Pentagon officials are considering acquiring equity stakes in leading defense contractors such as Lockheed Martin (NYSE:LMT).

2. Apple sets date to reveal fall product lineup

On Tuesday, Apple (NASDAQ:AAPL) invited media members and analysts to its next launch event, which is scheduled for September 9 at 10:00 a.m. PST.

The event, which will be live streamed from the iPhone maker’s campus, is expected to be the venue for the introduction of the new iPhone 17 lineup and updated Apple Watch models.

The new iPhone series is rumored to include four models:

  • iPhone 17
  • iPhone 17 Pro
  • iPhone 17 Pro Max
  • A new iPhone 17 Air that will reportedly replace the iPhone 16 Plus. This new model is rumored to be exceptionally thin, potentially as slim as 5.5 millimeters, a major new design direction for Apple.

The new iPhones are also expected to feature a new ‘Liquid Glass’-based interface as part of iOS 26.

According to Bloomberg journalist Mark Gurman, who has a reputation for being one of the most accurate and prolific sources of leaks about Apple’s future products, the company is planning three years of major iPhone redesigns, starting with the September release. Apple’s first foldable iPhone, code-named V68, is slated to arrive in 2026, according to Gurman. Apple’s 2027 ‘iPhone 20’ will feature curved glass edges to complement the upcoming Liquid Glass-based interface for iOS and other operating systems.

3. IBM, AMD to partner on quantum supercomputer

IBM (NYSE:IBM) and Advanced Micro Devices (AMD) (NASDAQ:AMD) said on Tuesday that they plan to collaborate to develop quantum-centric supercomputing.

The two companies, which have each fundamentally advanced the frontiers of quantum hardware and software, AI accelerators, CPUs and GPUs, said they will work together to “develop scalable, open-source platforms that could redefine the future of computing” by combining their strengths in quantum and high-performance computing.

“Quantum computing will simulate the natural world and represent information in an entirely new way,” said Arvind Krishna, chairman and CEO of IBM, adding that the firms’ collaborative efforts will “build a powerful hybrid model that pushes past the limits of traditional computing.”

“We see tremendous opportunities to accelerate discovery and innovation,” said Dr. Lisa Su, chair and CEO of AMD.

In an interview with Axios, Jay Gambetta, IBM’s quantum vice president, said he aims to get fault-tolerant quantum computers, a set of techniques and architectural designs that ensure a computation can proceed accurately even in the presence of errors, “by the end of this decade.”

4. Cost of Meta data center to exceed original estimate

During a cabinet meeting on Tuesday, Trump told reporters that Meta Platforms’ (NASDAQ:META) Louisiana data center will cost the company around US$50 billion to build.

That’s over 70 percent of the company’s projected CAPEX spending in its latest quarterly report.

“When they said US$50 billion for a plant, I said, ‘What the hell kind of plant is that?’” said Trump, revealing a photo of the proposed data center, Hyperion, superimposed over the island of Manhattan.

“When you look at this, you understand why it’s US$50 billion,” he added.

When the data center was announced, officials in Louisiana estimated the project would cost around US$10 billion. Meta has not confirmed this new estimate and declined to comment on Trump’s remarks.

5. Fusion developer raises US$863 million for energy development

On Thursday (August 28), Commonwealth Fusion Systems, a leading nuclear fusion developer in the US, announced it has secured US$863 million in an oversubscribed Series B2 funding round.

Investors including Morgan Stanley (NYSE:MS) and NVIDIA contributed to this capital raise, which will facilitate the completion of Commonwealth’s Spac fusion demonstration machine, as well as the commencement of construction on a new ARC power plant in Virginia.

“Investors recognize that CFS is making fusion power a reality. They see that we are executing and delivering on our objectives,” said the company’s CEO and co-founder, Bob Mumgaard. “This funding recognizes CFS’ leadership role in developing a new technology that promises to be a reliable source of clean, almost limitless energy — and will enable investors to have the opportunity to capitalize on the birth of a new global industry.”

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

This post appeared first on investingnews.com

President Donald Trump has attacked the Senate for blocking his preferred nominees from being confirmed to key positions, but lawmakers and people familiar with the process say the Senate is not necessarily to blame.

Trump has faulted the Senate’s ‘blue slip’ tradition, an unwritten rule requiring nominees for judge, U.S. attorney and U.S. marshal to obtain home state senators’ approval prior to being confirmed.

He said blue state senators will only greenlight ‘Democrats or maybe weak Republicans.’ The president called on Sen. Chuck Grassley, R-Iowa, chairman of the Senate Judiciary Committee, to abolish the practice, and he threatened to sue over it.

But Grassley and other Republicans are unbudging in their position that blue slips are an indispensable part of the confirmation process. Blue slips have been used for more than a century. Past presidents have gotten many nominees confirmed under the system, suggesting other factors are contributing to Trump’s struggle to secure blue slips from Democrats.

Trump threatens to sue over ‘gentlemen’s agreement’

Trump and his allies escalated attacks on the blue slip process this week, accusing Grassley of blocking nominees by maintaining it.

‘This is because of an old and outdated ‘custom’ known as a BLUE SLIP, that Senator Chuck Grassley, of the Great State of Iowa, refuses to overturn,’ Trump wrote on Truth Social.

The president threatened to sue over what he said was a ‘gentlemen’s agreement,’ though it is unclear whom the government would sue and on what grounds.

‘It’s not based on law, and I think it’s unconstitutional, and I’ll probably be filing a suit on that pretty soon,’ Trump told reporters in the Oval Office.

Asked about the possible lawsuit and why Trump’s nominees in blue states are struggling with confirmation, the White House told Fox News Digital in a statement the holdup must be addressed.

‘Senate Democrats have led a campaign of historic obstruction against President Trump and his nominees,’ White House spokeswoman Abigail Jackson said. ‘The left’s partisan, obstructionist agenda is only hurting the American people and it must end.’

‘Troubling’ pattern of circumventing Senate

Trump appointed his former personal defense lawyer Alina Habba as ‘interim’ U.S. attorney, which carries a 120-day term limit that federal judges have the ability to extend under federal vacancy laws if no one has been confirmed by the Senate to the position by then.

Judges have opted to extend Trump’s nominees, like in Jay Clayton’s case in the Southern District of New York. But in an unusual move, the federal judges of New Jersey rejected Habba.

The judges selected someone else, whom Trump and Attorney General Pam Bondi promptly fired. Trump and Bondi then used a series of legal maneuvers to reinstall Habba to another temporary term, but a federal judge ruled the moves unconstitutional. The Trump administration is appealing that decision in a case that could now make its way to the Supreme Court and force the justices to weigh in on what has become a pattern of Trump end-running around the Senate.

John Sarcone in the Northern District of New York faced a situation similar to Habba’s, and he is now serving as ‘acting’ U.S. attorney. Bill Essayli in the Central District of California, who has taken on a vocal pro-Trump stance amid high-profile deportation cases in his district, has also transitioned from ‘interim’ to ‘acting’ U.S. attorney. Acting U.S. attorneys also carry a temporary term of 210 days. It is unclear how Trump will proceed once those terms expire.

Carl Tobias, University of Richmond law professor, said the workarounds defy the spirit of the Constitution, which says nominees must be confirmed ‘with the advice and consent’ of the Senate.

‘It’s good to have that scrutiny from the Judiciary Committee and then on the floor, and so hopefully they could return to something like that, but I’m not sure that’s going to happen, and so I think it is troubling,’ Tobias told Fox News Digital.

How to get a blue slip from the other party

The administration must engage with the Senate during the nomination process, including by consulting early on with home state senators about possible nominees.

Former President Joe Biden secured blue slips from opposing parties for 49 nominees, including 27 U.S. attorneys, while Trump’s first administration was able to secure confirmations for nearly all the U.S. attorneys the president nominated.

The blue slip, to senators, is a crucial negotiating tool, one that Article III Project founder Mike Davis said is not going away, despite Trump’s intensifying objections to it. Davis, a staunch Trump supporter, served as counsel to the Senate Judiciary Committee and oversaw nominations under Grassley in the prior Trump administration.

‘It’s not going away. Why would it? Why would senators give up their power? They’re not going to do it,’ Davis told Fox News Digital, adding that blue slips to the Senate are ‘the sacred china that’s never going to get broken.’

The vetting process

Nominees must also provide the Senate Judiciary Committee with a questionnaire, an FBI background check and financial disclosures. A source familiar with the process told Fox News Digital the committee did not receive Habba’s paperwork to begin vetting her. 

Habba has said she could not begin the process because Democratic Sens. Cory Booker and Andy Kim of New Jersey, would not give blue slip approval. It is unclear if and when the Trump administration approached the pair of senators about Habba. 

Habba, like Trump, blamed Grassley.

‘The blue slip TRADITION prevents a nominee from getting to the point of making that case to the committee and Senate floor. You know who can get rid of it? YOU @ChuckGrassley,’ Habba wrote on X.

She told Grassley ‘this is a time for leadership, not deflection’ and that the chairman should not be ‘doing the dirty work of Thom Tillis, Corey Booker and Andy Kim.’

Booker’s and Kim’s offices did not respond to a request for comment.

Grassley defends bipartisanship

Grassley went on a tear on social media this week, defending his decision to maintain blue slips, which the committee chair has discretion over.

‘U.S. Atty/district judge nominee without a blue slip does not hv the votes to get confirmed on the Senate floor & they don’t hv the votes to get out of cmte,’ the 91-year-old senator wrote. ‘As chairman I set Pres Trump noms up for SUCCESS NOT FAILURE.’

Sen. Thom Tillis, R-N.C., who is among several Republicans who will not vote for a nominee who has not been approved by home state senators, pointed to a statement on social media when asked for comment by Fox News Digital.

‘Chairman Grassley is a principled conservative who wants to keep radical liberals off the bench. Getting rid of the blue slip is a terrible, short-sighted ploy that paves the path for Democrats to ram through extremist liberal judges in red states over the long-term,’ Tillis wrote on X.

Are Democrats to blame?

Trump has thus far secured opposing party blue slips for four nominees. Davis said Trump is facing a unique level of obstruction from Democrats.

‘Every White House does what it can to engage the opposition party, but Democrats have made it clear they’re not interested in working with President Trump, so it’s understandable that his focus has been elsewhere for now,’ Davis said.

Senate Minority Leader Chuck Schumer, D-N.Y., for instance, has refused to give a blue slip to Clayton, the former Securities and Exchange Commission chairman. But Clayton’s ability to win the vote of the federal judges in the Southern District of New York has allowed him to serve as U.S. attorney without confirmation.

Sen. Dick Durbin, D-Ill., Senate Judiciary Committee ranking member, has further complicated the confirmation process by putting a hold on U.S. attorney nominees, which drastically slows, but does not fully block, the process.

Vice President JD Vance, then a senator, did the same for Biden’s nominees toward the end of the last administration.

Trump’s fight with the upper chamber is likely to evolve, especially as higher courts weigh in on Habba’s nomination, which is currently invalid, according to the district court judge’s decision this month. The U.S. Court of Appeals for the Third Circuit has set a briefing schedule in the case that stretches through October, but eventually the Supreme Court could also chime in on whether Trump’s manner of sidestepping the Senate is constitutional. 

This post appeared first on FOX NEWS

Statistics Canada released its second-quarter gross domestic product (GDP) figures on Friday (August 29). The data showed that the Canadian economy shrank 0.4 percent in the second quarter and declined 1.6 percent on an annualized basis. The decrease comes following first-quarter gains of 0.5 percent and a 2 percent annualized increase.

Much of the decrease was attributed to a 7.5 percent drop in exports compared to Q1. Canadian exports had risen 1.4 percent in the first three months of the year as US companies increased imports to get ahead of incoming tariffs.Excluding the lower costs at the pumps, CPI remained steady at 2.5 percent, the same increase as May and June.

On an industry level, new monthly data for June shows that the resource sector grew by 0.1 percent after two months of declines, primarily driven by a 2.6 percent gain in the oil and gas subsector, with oil sands extraction rising 6.4 percent over May. However, gains were offset by a 9.7 percent monthly decline in support activities for the resource sector, its largest drop in five years, led by reduced rigging and drilling activities.

South of the border, the US Bureau of Economic Analysis released its second estimate for Q2 real GDP on Thursday (August 28). The data shows that US GDP grew by 3.3 percent during the quarter, 0.3 percent higher than its advance estimate.

According to the agency, the figure reflects a decrease in imports and an increase in consumer spending. The GDP’s upward momentum was tempered by a 13.8 percent decrease in private domestic investment, marking the most significant decline since 2020, during the pandemic.

The growth follows a 0.5 percent decrease in the first quarter of 2025, which saw a significant rise in imports.

This week also saw US President Donald Trump attempt to remove US Federal Reserve Board of Governors member Lisa Cook. Trump justified the decision based on Federal Housing Finance Agency Director Bill Pulte’s claim that Cook claimed primary residence in two mortgage applications submitted weeks apart in 2021. She was confirmed to the Fed Board of Governors in May 2022.

Cook is fighting the move in court, with her lawyer stating that Trump’s unsubstantiated allegation of an event prior to Cook’s confirmation does not meet the ’cause’ required by the Federal Reserve Act to remove a governor. By the end of the day on Friday, the judge hearing the case did not reach a decision on whether to issue a temporary restraining order that would allow Cook to remain in her role during the case.

Pulte has previously made similar allegations against other prominent Democrats, including California Senator Adam Schiff, a vocal critic of Trump, and New York Attorney General Letitia James, who oversaw a civil suit against Trump that resulted in a US$500 million award.

Trump has been eager to reshape the Federal Reserve Board and has hinted that he would like to replace Chairman Jerome Powell before his term ends in 2026. Trump believes the Fed has not been acting quickly enough to lower interest rates and stimulate the economy.

Markets and commodities react

Canadian equity markets were largely unfazed by Canada’s weak GDP data. In fact, the S&P/TSX Composite Index (INDEXTSI:OSPTX) set a new record on Friday, closing the week up 1.73 percent to 28,564.45. The S&P/TSX Venture Composite Index (INDEXTSI:JX) did even better, climbing 5.36 percent to finish Friday at 829.57. The CSE Composite Index (CSE:CSECOMP) fell 0.45 percent on Friday following the StatsCan release, but gained 4.17 percent overall during the week to 166.9.

US equity markets also posted gains this week, but fell from record highs on Friday following a selloff of tech stocks. The S&P 500 (INDEXSP:INX) was up 1.19 percent to 6,460.25, while the Nasdaq 100 (INDEXNASDAQ:NDX) rose 0.99 percent to 23,415.42. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) gained 1.32 percent on the week to 45,631.73.

The gold price gained 3.19 percent this week on expectations of a September rate cut by the Federal Reserve, reaching US$3,448.15 per ounce by 4:00 p.m. EDT on Friday. Silver ended the week with a larger gain of 4.2 percent, nearly crossing the US$40 per ounce mark in morning trading before settling at US$39.74 per ounce.

Copper also saw some upward movement, gaining 1.1 percent to US$4.59 per pound. The S&P GSCI (INDEXSP:SPGSCI) commodities index posted an increase of 1.3 percent by close on Friday, finishing at 549.70.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Trifecta Gold (TSXV:TG)

Weekly gain: 117.24 percent
Market cap: C$23.77 million
Share price: C$0.63

Trifecta Gold is a gold exploration company focused on a portfolio of 11 properties in the Tombstone gold belt in the Yukon, Canada.

Its most advanced is its flagship Mt. Hinton gold-silver project, located near Hecla Mining’s (NYSE:HL) Keno Hill silver mine. The company’s project page indicates that vein float samples collected in January 2023 show grades of up to 273 grams per metric ton (g/t) gold.

The company has also been advancing exploration work at its Rye property, which hosts a gold-bismuth soil anomaly, as well as several gold-rich veins.

Shares in Trifecta rose this week alongside news on Thursday that the company had commenced its inaugural drill program at Rye, completing 970 meters across three holes. The announcement reported that the first hole intersected a high density of sheeted quartz veins.

The company said preliminary rock samples collected from the site earlier in 2025 returned multiple assays with greater than 5 g/t gold, including one highlight with 21.1 g/t gold and 8,550 parts per million (ppm) bismuth.

2. Consolidated Lithium Metals (TSXV:CLM)

Weekly gain: 100 percent
Market cap: C$13.98 million
Share price: C$0.04

Consolidated Lithium is an exploration and development company working to advance a portfolio of hard rock lithium projects in Quebéc, Canada.

Its most advanced asset is the Vallée lithium project, a 75/25 joint venture between Consolidated and Sayona Mining (ASX:SAY,OTCQB:SYAXF). The project is located in the Abitibi Greenstone Belt adjacent to and along strike of Sayona’s and Piedmont Lithium (NASDAQ:PLL) North American Lithium mining operation. According to the company’s project page, the Vallée property hosts multiple lithium-bearing pegmatites over a 1 kilometer strike length.

Consolidated announced on Wednesday (August 27) that it signed a letter of intent with the Government of Quebéc-owned Soquem to earn an 80 percent interest in the Kwyjibo rare earth project, located in the Côte-Nord region of the province.

Under the terms of the letter, Consolidated can earn up to an 80 percent interest in the project through two phases, in return for a combination of cash payments, shares in Consolidated and project investments.

A 2017 preliminary economic assessment for Kwyjibo reports project economics including an after-tax net present value of C$373.9 million and an internal rate of return of 17.8 percent, with a payback period of 3.6 years.

3. Electric Metals (TSXV:EML)

Weekly gain: 68.75 percent
Market cap: C$44.34 million
Share price: C$0.27

Electric Metals is a mineral development company focused on advancing its flagship North Star manganese project in Minnesota, US. According to the company, the asset is North America’s highest-grade manganese resource. It plans to produce high-purity manganese sulphate monohydrate for lithium-ion batteries.

The most recent news from Electric Metals was released on Tuesday, when it announced a preliminary economic assessment for the project. The assessment demonstrated a base-case after-tax net present value of US$1.39 billion, with an internal rate of return of 43.5 percent and a payback period of 23 months. and suggested an average annual after-tax cash flow of US$249.6 million.

The report also included an updated mineral resource estimate with an indicated resource of 7.6 million metric tons of ore grading 19.07 percent manganese, 22.33 percent iron and 30.94 percent silicon, and an inferred resource of 3.73 million metric tons of ore grading 17.04 percent manganese, 19.04 percent iron and 30.03 percent silicon.

4. Sage Potash (TSXV:SAGE)

Weekly gain: 58.33 percent
Market cap: C$31.93 million
Share price: C$0.38

Sage Potash is a potash exploration company currently working to advance its portfolio of mineral holdings in Utah’s Paradox Basin in the US.

Historic oil and gas exploration in the basin dating back a century discovered the potential for the potash beds, but they were too deep for mining methods at the time. Sage has since confirmed their presence through its own exploration.

In a revised technical report from February 2023, the company reported an inferred mineral resource estimate of up to 159.3 million metric tons of in-place sylvinite from the upper potash bed and up to 120.2 million metric tons of sylvinite from the lower potash bed.

On August 14, Sage announced that Stockwell Day had joined the company board. Day served several ministerial roles for the Canadian government under Prime Minister Stephen Harper, including as President of the Treasury Board and Minister of International Trade.

This was followed by news on Wednesday that Day had been granted 600,000 stock options at an exercise price of C$0.30 per share and would remain valid for a period of five years.

Sage’s share price spiked earlier this week after the US Government added potash in its draft of an updated list of critical minerals.

5. Kincora Copper (TSXV:KCC)

Weekly gain: 58.33 percent
Market cap: C$24.8 million
Share price: C$0.095

Kincora Copper is an exploration company operating under a project generator model and partnering with other companies to advance its portfolio, including copper-gold projects in the Macquarie Arc of New South Wales, Australia.

Among them is the Northern Junee-Narromine Belt (NJNB) land package, which is covered by a May 2024 earn-in agreement that could see AngloGold Ashanti (NYSE:AU,JSE:ANG) earn up to an 80 percent interest in the Nyngan and Nevertire licenses through AU$50 million in exploration expenditures or AU$25 million for exploration and the completion of a pre-feasibility study.

Kincora secured a second agreement with AngloGold Ashanti in April for the Nyngan South, Nevertire South and Mulla licenses with similar terms, bringing the total exploration funding to AU$100 million.

On Monday (August 25), Kincora announced results from the first drilling program at the Nyngan project, noting that assays support the potential for porphyry copper and epithermal gold, and that it saw ‘encouraging results at particularly shallow depths’ from drill targets identified by a ground gravity survey earlier this year.

Additionally, Kincora said that drilling is ongoing at the Nevertire South and Nevertire projects, with the initial program planned for seven holes and 2,150 meters.

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 mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 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

Demetre Daskalakis, an official at the Centers for Disease Control and Prevention (CDC), resigned this week, claiming the Trump administration’s policies ignore science. However, his own leadership during the Biden-era monkeypox response was criticized for putting optics over public health.

Amid the Trump administration’s efforts to push out CDC Director Susan Monarez, a handful of other top CDC officials, including Daskalakis, resigned in protest of the Trump administration’s policies. Daskalakis wrote in his resignation letter that was posted to social media that the health policies put forward by Secretary Robert F. Kennedy do not ‘reflect scientific reality.’ He also accused the Trump administration of attempting to ‘erase transgender populations,’ while also using the term ‘pregnant people’ to describe women who are about to give birth.

But flashback to 2022 and 2023, after the monkeypox virus had spread across several countries and made its way into the U.S., during which Daskalakis was among the Biden administration’s top advisers who spearheaded the national response to the disease outbreak. 

Government communications from that time period, uncovered by watchdog group the Oversight Project, show that officials were aware that the disease was spreading among the gay community. However, those communications, and other records, show the administration appeared to be more concerned with protecting the stigma targeting the gay community, than they were with implementing measures that would provide the best mitigation response.

‘A common theme was public health officials identifying locations where outbreaks occurred, to include bathhouses and saunas,’ according to the Oversight Project. ‘Officials never broached consideration of shutting down these locations. This draws a stark contrast to the public health guidance and shutdowns of gathering places during COVID, to include gyms and skate parks.’

In 2023, after the monkeypox outbreak had taken hold in the U.S., Daskalakis went on national television to let the country know that his team was ‘making sure [they] got the word out in a way that supports people’s joy, as opposed to calling them risky.’

‘You know, one person’s idea of risk, is another person’s idea of a great festival or Friday night, for that matter. So, we have to sort of embrace that with joy and make sure that folks know how to keep themselves safe,’ the Biden monkeypox coordinator added.

 

Meanwhile, during the outbreak, Daskalkis posted a tweet from gay sex app Grindr that stated ‘Dr. Daskalakis could jab me any day,’ with a sticker of a flattered cat.

In other social media posts from around the same time, Daskalkis can be seen using male models wearing leather bondage straps to make an entrance at an HIV prevention summit. 

While in his role at the White House leading the monkeypox response, Daskalkis also reportedly ran an STD screening operation from an after-hours sex club in New York City. When asked about the operation in an interview, Daskalakis described it as ‘exciting’ and added there was ‘not much sleep time.’ Later in the interview, he added: ‘I’d already kind of been the bathhouse HIV testing doctor.’

Fox News Digital reached out to Daskalakis about the juxtaposition between his criticism of Kennedy’s policies not reflecting ‘scientific reality,’ and his role in the Biden administration’s approach to monkeypox, but did not receive an immediate response.

This post appeared first on FOX NEWS

Spirit Airlines on Friday filed for bankruptcy protection, just months after the budget carrier failed to secure better financial footing when it came out of Chapter 11 protection in March.

The Dania Beach, Florida-based airline said under this bankruptcy, it will reduce its network and shrink its fleet, cuts that it said will reduce costs by “hundreds of millions of dollars” a year.

In a release, Spirit said guests can continue to book, travel and use tickets, credits and loyalty points. Wages and benefits will continue to be paid and honored, including contractors, it said. Spirit intends to pay vendors and suppliers for goods and services provided on or after the filing date in the ordinary course.

“Since emerging from our previous restructuring, which was targeted exclusively on reducing Spirit’s funded debt and raising equity capital, it has become clear that there is much more work to be done and many more tools are available to best position Spirit for the future,” Spirit CEO Dave Davis said in a news release on Friday.

Spirit had just gotten out of bankruptcy in March after four months, only to be dragged down by continued high costs and weaker U.S. domestic demand. The carrier had struggled for years as it dealt with a glut of U.S. flights, a Pratt & Whitney engine recall and a failed takeover by JetBlue Airways, a deal that was blocked in court.

Firms that used Spirit’s aircrafts had reached out to rival airlines in recent weeks to gauge executives’ interest in some of the carrier’s planes, according to people familiar with the matter.

Spirit is the United States’ largest budget airline, followed closely by rival Frontier Airlines which has tried and failed to merge with Spirit repeatedly since 2022. Frontier on Tuesday announced 20 new routes that compete with Spirit to win over its struggling competitor’s customers.

This post appeared first on NBC NEWS

There is no question that President Donald Trump is deserving of the Nobel Peace Prize. Nations, statesmen and elected officials around the globe have seen the fruits of his labor to bring peace to different hemispheres. 

The big question is, ‘Is there a real pathway for President Trump to actually receive the Nobel Peace Prize?’ I believe there is. But it’s a pathway that must be flawlessly executed. 

And in doing so, it’s important to understand the history of the Nobel Peace Prize and the actual process for awarding it. We can also gain insight from how a former Trump appointee led an international organization to receive it. And we can learn from how a former Republican president worked to end a war and received the Nobel Peace Prize despite protests from Norwegian and Swedish politicians and media.

The Nobel Prizes were established by the will of the famed Swedish industrialist and inventor, Alfred Nobel. Nobel was the inventor of dynamite and, at the time of his death in 1896, was the owner of Bofors, the Swedish armaments manufacturer. 

I personally became intrigued with the Nobel Prizes while doing consulting work for Bofors in the late 1990s and visiting Karlskoga, Sweden, a number of times.

Nobel’s will provided for prizes in physics, chemistry, physiology or medicine, literature and peace. A Nobel Memorial Prize in Economic Sciences was added in 1968. The original prizes have been awarded since 1901. 

In his will, Nobel provided that the prizes were to be awarded by different Swedish entities, with the exception of the Nobel Peace Prize, which was to be awarded ‘by a committee of five persons to be elected by the Norwegian Storting [Parliament].’ Today, the Norwegian Nobel Committee is responsible for selecting Nobel Peace Prize laureates. Appointed by the Norwegian Parliament, it should surprise no one that historically its members have been former members of Parliament and cabinet ministers.

Only ‘qualified nominators’ can submit a name for the Nobel Peace Prize. These include members of national assemblies, national governments, current heads of state, previous recipients, certain university professors and directors of peace research institutions. 

This explains why President Trump has been nominated by numerous members of Congress, several nations, heads of state and university professors. Nominations are due on Jan. 31 each year, followed by a multi-stage selection process. The winner is announced in early October, with the award ceremony taking place on Dec. 10 every year at Oslo City Hall.

Make no mistake, this is a very political process. I served for a number of years on the board of the Norwegian-American Foundation. I remember when the Nobel Peace Prize was awarded to President Barack Obama for ‘the promise’ of his vision. My Norwegian friends were flabbergasted. 

The running joke in Norway was that he received it because a couple of left-wingers on the Committee wanted a chance to meet him and have a photo-op. In Trump’s case, you actually have a president who has resolved conflicts and helped to bring peace to different regions of the world.

In addition to the formal nominations, I believe there are key actions supporters of President Trump can undertake to maximize his chances. Consider these: 

, the former NATO secretary-general, is back in the current Labour government’s cabinet serving as finance minister. Following Trump’s victory last November, Stoltenberg said that during Trump’s first term, they had ‘established a good and reliable working relationship.’ He further noted that they ‘got things done,’ and that ‘NATO had become stronger.’ A former Labour prime minister, he could be helpful with one or two members of the committee. In fact, committee member Gry Larsen is a member of the Labour Party and served as state secretary for the Ministry of Foreign Affairs when Stoltenberg was prime minister. 

, founded by former Norwegian Prime Minister Kjell Magne Bondevik, is considered much less political than the Norwegian Nobel Institute. It has a history of actually being in the field promoting peace and strengthening democratic political institutions and processes. I met with him as he was laying the foundation for the center and heard his vision. An ordained Lutheran minister, he’s the former head of the Christian Democratic Party. Current committee member Anne Enger served as Bondevik’s deputy during his first term as prime minister. And committee member Kristin Clemet served as Bondevik’s minister of education during his second term.

Either through the ambassador when he’s confirmed, or through the current charge d’affaires, the embassy needs to take a proactive role in making the case for President Trump to the Norwegian media and institutions. 

: Former South Carolina Gov. David Beasley received the prize as the Trump-appointed executive director of the World Food Program (WFP) in 2020. The WFP had been nominated numerous times over 40 years, but it was under a Trump appointee’s leadership that it finally happened. Insights on how Beasley and the WFP interacted with Norwegian authorities can be helpful. 

: The Republican president received the Nobel Peace Prize despite protests from liberal Norwegian politicians and Swedish media. His efforts to end the Russo-Japanese War were too meritorious and couldn’t be ignored. Likewise, President Trump supporters can make a similar case with the conflicts that he has helped to end. The embassy can play a big role in articulating this.

On the merits, President Trump deserves the Nobel Peace Prize. But this is a political process, and his supporters need to work the process. 

A Norwegian friend reminded me that the prize is supposed to consider achievements over a period of time. He pointed to President Trump’s brokering the Abraham Accords during his first term as laying a foundation for real peace in the Middle East. 

He’s right. President Trump’s achievements during his first term, combined with what he’s done so far in his second term, have earned him the Nobel Peace Prize.

This post appeared first on FOX NEWS

The Trump administration’s latest allegations of mortgage fraud have raised questions about a long-standing housing issue known as owner-occupancy mortgage fraud. But that type of fraud can be difficult to prove, experts say.

President Donald Trump announced in a Truth Social post on Monday night that he was removing Federal Reserve governor Lisa Cook. He cited allegations made by Federal Housing Finance Agency Director Bill Pulte that Cook committed mortgage fraud by claiming homes in two different states as her primary residence at the same time.

Cook’s attorney on Tuesday said Cook will file a lawsuit to challenge her removal.

“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement.

The Justice Department has also recently targeted Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James with similar mortgage fraud allegations.

Here are the key things to know about owner-occupancy mortgage fraud, according to experts.

The main reason a borrower could be motivated to claim a primary residence on a mortgage application is to get a lower interest rate for that home.

Typically, mortgages for a primary residence have lower interest rates and homeowner’s insurance costs, said Keith Gumbinger, vice president of mortgage website HSH.

Mortgage interest rates are generally 0.5% to 1% higher for investment properties than for primary homes, according to Bankrate. Homeowners also typically pay about 25% more for insurance as a landlord compared with a standard homeowners policy, according to the Insurance Information Institute.

Owner-occupied means “you’re going to live there the majority of the time,” Gumbinger said. But there are limited exceptions, including for military service, parents providing housing for a disabled adult child or children providing housing for parents, according to Fannie Mae.

If a homeowner changes primary residences, they need to inform their mortgage lender that the original property is no longer owner-occupied, Gumbinger said.

There are also federal and state tax benefits for primary residences, according to Albert Campo, a certified public accountant and president of Campo Financial Group in Manalapan, New Jersey.

For example, when an owner sells a home and makes a profit, they can take a capital gains exemption worth up to $250,000 for single filers or $500,000 for married couples filing jointly, as long as they meet certain IRS rules, including owner occupancy for two of the past five years.

For tax purposes, a homeowner can have only one primary residence at a time.

When a taxpayer owns more than one home, proving which one is the primary residence is “always based on facts and circumstances,” Campo said. For example, a primary residence is typically where an owner spends most of their time, votes, files their tax returns and receives mail, he said.

A 2023 report from the Federal Reserve Bank of Philadelphia found that more than 22,000 “fraudulent borrowers” misrepresented their owner-occupancy status, out of 584,499 loans originated from 2005 to 2017. The data was based on a subsample from more than 15 million loans originated during this period.

Typically, the fraudulent borrowers took out larger loans and had higher mortgage default rates, the authors found.

However, this type of fraud may be “difficult to detect until long after the mortgage has been originated,” the authors wrote.

“There is a difference between the court of law and the court of public opinion,” Jonathan Kanter, a law professor at Washington University in St. Louis and a former assistant attorney general, told CNBC’s “Squawk Box” last week when asked about Cook. “In the court of law, this is small ball and very difficult to prove.”

“You’d have to establish not only that she filled out the form incorrectly, but she had the specific intent to deceive, to defraud banks, as opposed to just making a mistake,” he said.

During fiscal year 2024, 38 mortgage fraud offenders were sentenced in the federal system, according to the United States Sentencing Commission’s interactive data analyzer. That number is up slightly from 34 offenders in 2023, but down from 426 offenders in 2015, the earliest date in that tool’s dataset. The U.S. Sentencing Commission data does not break out the types of mortgage fraud.

This post appeared first on NBC NEWS

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the latest three step-out drill holes from the discovery horizon at its Ballywire discovery (‘Ballywire’) at the 100%-owned PG West Project (‘PG West’), Republic of Ireland. Drilling at Ballywire’s deeper, Cu-Ag target (100-200m below discovery horizon) is in progress (to be reported as soon as possible).

Highlights:

  • 25-3552-37 (90m step-out NE of 25-3552-35, hosting widest intercept to date; announced 02-Jul-25) intersected intermittent mineralization over a 185m-long interval, including:

    • Cu-Ag Intercept (hosted in Ballysteen Limestone, beneath Waulsortian Limestone)

      • 6.2m of 312 g/t Ag and 0.95% Cu (starting from 303.9m downhole), including

      • 2.8m of 549 g/t Ag and 1.77% Cu, including

      • 0.3m (30cm) of 2,470 g/t Ag and 5.87% Cu

    • Zn-Pb-Ag Intercepts (hosted within Waulsortian Limestone)

      • 4.9m of 5.2% Zn+Pb (4.0% Zn and 1.2% Pb), 45 g/t Ag (starting from 125.9m), including

      • 0.1m (14cm) of 65.1% Zn+Pb (46.4% Zn and 18.7% Pb), 654 g/t Ag

  • 25-3552-36 (90m step-out SE of the above hole), intersected intermittent mineralization over a 38m-long interval, including:

    • 2.8m of 231 g/t Ag and 0.85% Cu, including

    • 0.2m (16cm) of 3,820 g/t Ag and 12.60% Cu (among highest Ag/Cu assays in Ireland)

  • 25-3552-34 (35m step-out NNW of the above hole), intersected intermittent mineralization over 16m-long interval, including 1.9m of 59 g/t Ag and 0.75% Cu

  • These results extend the strike length of Ballywire’s main discovery corridor by 135m from 1,300m to 1,435m, while further emphasising Cu-Ag potential at depth

  • This corridor is hosted within a larger 2.6km long trend of robust mineralization pierced by drilling to date at Ballywire, along a prospective trend of over 6km (defined by four regional gravity-high anomalies, only one of which has been systematically drill tested to date)

  • The Company’s ‘deeper Cu-Ag’ target (100-200m below the Zn-Pb-Ag horizon) is currently being drill tested with two holes completed and a third hole in progress

  • Three rigs are turning at Ballywire with approx. 5,700m of drilling completed year-to-date; Group Eleven aims to complete a further approx. 25,000m of drilling by end of 2026 (fully funded)

‘Today’s results expand our main discovery corridor by 135m and add to growing evidence suggesting a deeper Cu-Ag horizon one to two hundred metres below Ballywire’s current discovery horizon,’ stated Bart Jaworski, CEO. ‘This deeper target is currently being drilled, with two holes finished and a third started. We look forward to releasing these results as soon as assays are available. With three rigs turning each on excellent targets at Ballywire, a fourth rig likely to be added soon and a recently announced strengthened cash position now totalling C$8.4 million, Group Eleven is poised to keep generating shareholder value through the drill bit for the foreseeable future.’

Exhibit 1. Plan Map of Main Ballywire Discovery Corridor, Showing Holes 25-3552-34, -36 and -37

Note: For brevity, drill holes are labelled by the last two digits of their identification number (e.g. ‘-40’ means 25-3552-40)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/264236_1b221f02341a2967_002full.jpg

Exhibit 2. Long-Section: Ballywire Cu-Ag Intercepts to Date vs. Deeper Cu-Ag Target

Note: In order to highlight Cu-Ag mineralization, the Zn-Pb-Ag bearing zones are not shown on the section; * ‘LLS’ means Lower Limestone Shale which is known to host Cu-Ag mineralization in the vicinity (5-45km) of Ballywire; ‘Deeper Cu-Ag Target’ is hosted predominantly by the LLS, but also by other lithologies between the Waulsortian Limestone and the LLS; LLS is believed to be approx. 100-200m below the Waulsortian Limestone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/264236_1b221f02341a2967_003full.jpg

Ballywire Drill Update

The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 56 holes drilled and reported by Group Eleven to date, including the most recent three holes (25-3552-34, -36 and -37) reported today (see Exhibits 1 to 4).

Today’s results add further evidence that the mineralized trend at Ballywire continues further east towards G11-3552-08. One of the Company’s three rigs is now drilling a fence of holes collared 200m east of this hole (see Exhibit 1), testing for the further continuation of the mineralized trend. A second rig is drilling a fence of holes testing for the deeper Cu-Ag target (within the Lower Limestone Shale) with two holes completed and the third recently started (see ‘-40’ in Exhibit 1, and ’25-3552-40′ in Exhibit 2). A third rig is drilling along the section of holes containing G11-468-01 and 00-468-5 (see Exhibit 1) to test for a SW continuation of high-grade mineralization. The Company plans to soon add a fourth rig at Ballywire, geared towards reconnaissance drilling further outboard of the current mineralized corridor. Meanwhile, two holes located 1.3km to the ENE (near gravity anomaly ‘D’; see Exhibit 3) were recently completed (assays pending), with follow up drilling planned upon receipt of a second drill permit (recently submitted) which would allow for more flexibility on drill locations further to the NE.

Exhibit 3. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/264236_1b221f02341a2967_004full.jpg

Note: Of the four gravity-high anomalies above, only the ‘C’ anomaly has been systematically drilled to date

Assays from today’s drill holes are summarized above (see Exhibit 4). Mineralization consists predominantly of sphalerite, galena and pyrite, with the Cu-Ag bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite. Substantial Cu-Ag mineralization in 25-3552-37 is located within the Ballysteen Limestone, in contrast to 25-3552-35, where a strong Cu-Ag interval occurs at the base of the Waulsortian Limestone. Varying lithologies hosting Cu-Ag mineralization suggest a dynamic and potentially robust mineralizing system with respect to copper and silver.

Exhibit 4. Summary of Assays from 25-3552-37, -36 and -34 at Ballywire

Item From
(m)
To
(m)
Int
(m)
Zn
(%)
Pb
(%)
Zn+Pb
(%)
Ag
(g/t)
Cu
(%)
25-3552-37 124.88 310.10 185.22 0.43 0.18 0.61 15.7 0.05
Incl. 124.88 132.60 7.72 2.75 0.81 3.55 30.4 0.01
Incl. 124.88 125.99 1.11 6.20 2.39 8.59 90.4 0.02
And 125.85 132.60 6.75 3.08 0.92 4.00 33.5 0.01
Incl. 125.85 130.72 4.87 3.97 1.19 5.16 44.6 0.01
Incl. 125.85 125.99 0.14 46.40 18.70 65.10 654.0 0.08
And 127.85 132.60 4.75 3.00 0.74 3.74 28.1 0.01
Incl. 127.85 130.72 2.87 4.45 1.10 5.54 43.5 0.01
Incl. 127.85 128.78 0.93 6.37 1.42 7.79 64.6 0.01
And 129.78 130.72 0.94 7.21 1.91 9.12 68.4 0.02
And 151.70 164.80 13.10 1.32 0.17 1.48 6.1 0.00
Incl. 161.00 163.85 2.85 2.70 0.61 3.31 15.7 0.01
And 173.17 177.74 4.57 0.53 0.25 0.78 2.3
And 182.25 183.16 0.91 0.94 0.09 1.02 0.7
And 190.50 193.10 2.60 0.72 0.05 0.77 0.4
And 198.40 200.32 1.92 0.92 0.31 1.23 2.2
And 203.10 206.80 3.70 0.61 0.16 0.77 2.7
And 210.40 234.97 24.57 0.76 0.19 0.95 4.4
Incl. 219.90 234.97 15.07 0.91 0.25 1.16 5.3
Incl. 219.90 220.90 1.00 3.22 0.49 3.71 16.7 0.02
And 243.20 258.90 15.70 0.21 0.30 0.51 16.9 0.06
Incl. 250.15 251.80 1.65 0.36 0.39 0.75 104.8 0.45
And 264.35 266.10 1.75 0.08 0.08 0.17 17.5 0.01
And 295.30 300.75 5.45 0.07 0.37 0.44 17.1 0.20
And 303.90 310.10 6.20 0.07 1.29 1.36 311.7 0.95
Incl. 303.90 306.70 2.80 0.13 0.09 0.22 549.0 1.77
Incl. 305.40 306.70 1.30 0.24 0.06 0.30 1,104.6 3.25
Incl. 306.40 306.70 0.30 0.39 0.10 0.49 2,470.0 5.87
25-3552-36 239.96 278.35 38.39 0.34 0.26 0.60 2.0
Incl. 244.88 251.68 6.80 1.01 0.29 1.30 3.5
Incl. 248.76 250.72 1.96 1.86 0.50 2.37 5.1
And 261.31 268.84 7.53 0.53 0.94 1.47 4.8 0.02
Incl. 262.20 264.96 2.76 1.06 1.79 2.85 9.1 0.04
And 305.02 307.81 2.79 0.40 0.06 0.46 231.0 0.85
Incl. 305.74 305.90 0.16 1.58 0.25 1.82 3,820.0 12.60
Incl. 305.90 306.82 0.92 0.50 0.06 0.56 30.0 0.28
25-3552-34 205.50 205.60 0.10 8.07 0.28 8.35 38.9 0.06
And 232.22 248.29 16.07 0.15 0.12 0.27 8.0 0.09
Incl. 241.47 247.82 6.35 0.12 0.24 0.36 18.1 0.23
Incl. 244.53 246.43 1.90 0.25 0.64 0.89 59.2 0.75
Incl. 245.44 246.43 0.99 0.23 0.36 0.59 87.1 1.00

 

Note: True thickness of the mineralized interval in holes 25-3552-37, -36 and -34, as a percentage of the down-hole interval, is estimated to be 70-80%, 90-100% and 90-100% respectively; ‘-‘ means equal to or less than 0.01% (

Drilling at Ballywire continues with three rigs. Currently, twelve (12) new holes are completed or near completed (and in the process of being logged, sampled and assayed). Nine (9) of these are shown in Exhibit 1, with two other holes near gravity-high anomaly ‘D’ (located 1.3km to the ENE) and one hole collared approx. 200m NNW of G11-468-01 (see Exhibit 1).

Exhibit 5. Regional Map of Ballywire Discovery and Surrounding Prospects

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/264236_1b221f02341a2967_005full.jpg

Notes to Exhibit 5: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland’, by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.10m to 1.28m with an average (over 285 samples) of 0.91m. The half-core samples are bagged, labelled and sealed at Group Eleven’s core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials (‘CRMs’ or ‘Standards’) as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)

  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)

  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)

  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)

  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and

  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)

  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)

  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including

  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)

  • 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)

Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit2. The Company’s two largest shareholders are Michael Gentile (14.2%) and Glencore Canada Corp. (14.1% interest). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.lau@groupelevenresources.com | T: 604-781-4915

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 Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

________________________
1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018)
2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264236

News Provided by Newsfile via QuoteMedia

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President Donald Trump is reportedly working on a move that would give the U.S. a new military and economic foothold in Africa, counter China and Russia and strike a blow against Islamist terrorists in the region. And now a leading senator has told Fox News Digital this goal can be realized by recognizing the breakaway Somaliland as an independent state.

Somaliland, on the southern coast of the Gulf of Aden, broke away from Somalia in 1991. Its government is said to be offering the U.S. a new air and sea base close to the entrance of the Red Sea, and directly across from Yemen and the Houthis, if the U.S. formally recognizes it, 30% of the world’s container ship traffic is reported to pass through its waters en route to or from the Suez Canal.

In the Oval Office on Aug. 8, Trump told reporters, ‘We’re looking into that right now,’ when asked about the recognition of Somaliland and the possible resettlement of Gazans there, adding, ‘We’re working on that right now, Somaliland’. 

The chairman of the Senate Foreign Relations Subcommittee on Africa, Sen. Ted Cruz, R-Texas., told Fox News Digital, ‘There is a very real opportunity that President Trump will recognize Somaliland during this administration.’

Cruz added, ‘President Trump is bringing a new era of clarity in American national security, after four years of the Biden administration rewarding our enemies and punishing our allies, and recognizing Somaliland should be part of this new era.

‘Somaliland has been a reliable ally to the United States, is integrating itself with us and our allies globally, and is committed to helping us counter efforts by China to undermine the safety and prosperity of Americans,’ he said.

The White House did not respond to a Fox News Digital request for comment.

Neighboring Somalia has been battling Islamist fundamentalist fighters for decades. U.S. Africa Command has increased the number of airstrikes against both ISIS and al-Shabab terrorists under the current administration.

But Somaliland, 99% Muslim, has allegedly eliminated radicalism and has aligned itself with the U.S. and Israel, leading Cruz to tell Fox News Digital, ‘They’re a Muslim country, in a very dangerous part of Africa, showing real courage. I will continue to push for deepening the U.S.-Somaliland partnership, including through the Africa Subcommittee in the Senate, and I expect that my colleagues on both sides of the aisle will be receptive to doing so.’

Earlier this month, Cruz wrote to President Trump about Somaliland, stating, ‘it requires the status of a state. I urge you to grant it that recognition.’

Somaliland’s president, Abdirahman Mohamed Abdullahi , is optimistic, telling the British Guardian newspaper on May 30, ‘Recognition is on the horizon.’ He added, ‘It’s a matter of time. Not if, but when’.

Somaliland’s port at Berbera is the jewel in any Washington deal. Analysts say it is in such a strategic position that both Russia and China have tried to acquire it. Right next door to it is one of Africa’s five longest runways, offering the U.S. the possibility of both a sea and air base that can strike Houthi rebels to the north and Al Shabaab terrorists to the east. 

In his letter to the White House, Cruz wrote, ‘Somaliland has emerged as a critical security and diplomatic partner for the United States, helping America advance our national security interests in the Horn of Africa and beyond. It is strategically located along the

Gulf of Aden, putting it near one of the world’s busiest maritime corridors. It possesses capable armed forces and contributes to regional counterterrorism and piracy operations. It has proposed hosting a U.S. military presence near the Red Sea along the Gulf of Aden.’

The U.S.’s largest military base in Africa is just up the coast in Djibouti. But there are security and surveillance issues at the Camp Lemonnier U.S. base where the Chinese and other nations have opened their own bases and monitoring stations nearby.

Somaliland is also offering the White House access to rare earth minerals essential for high-tech industries, such as lithium and silicon quartz.

The U.S. has described Somalia, with large numbers of both ISIS and al-Qaida-linked operatives, as a terrorist safe haven. Now the increasing presence of China and military forces from countries such as Turkey is reportedly leading some in Washington to be increasingly unhappy with its ‘one Somalia’ policy, where Somaliland continues to be recognized only as a part of Somalia. 

For now, a State Department spokesperson told Fox News Digital the official position: ‘The United States recognizes the sovereignty and territorial integrity of the Federal Republic of Somalia, which includes the territory of Somaliland. The State Department is not in active discussions with Somaliland’s representatives about a deal to recognize Somaliland as a state.’

But, Somaliland’s foreign minister worked Washington’s corridors and politicians in April, and several African sources, including the influential Horn Observer news outlet, have reported that President Abdullahi is expected to come to D.C. ‘soon’. U.S. officials, including the U.S. ambassador to Somalia, Richard Riley, are said to have been to Somaliland to meet with the president at least three times this year.

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