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$4,000 Gold on the Horizon? Why Smart Money Is Piling Into Select Miners Ahead of Q2 2026

Investing 11 Mins Read

Equity Insider News Commentary

Issued on behalf of Rua Gold Inc.

Equity Insider News Commentary Despite the hyperactivity in the markets and with gold prices, analysts at JP Morgan are still predicting $4,000 oz gold prices by Q2 2026 . And the optimism for gold bugs doesn’t end there, as a new report from Morningstar Equity Research is highlighting how these high gold prices support gold miner stocks. Now analysts from Jefferies are raising their price targets for gold mining stocks ahead of upcoming earnings reports. Several gold stocks are providing reason for their recent market attention, including developments from Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF), Contango Ore Inc. (NYSE-American: CTGO), Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF), Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), and Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF).

Seen as a safe haven, demand for the precious metal is on the rise along with prices themselves. As far as miners go, one can look to the ETFs to see that both the VanEck Junior Gold Miners ETF (GDXJ) and Sprott Junior Gold Miners ETF (SGDJ) have had a stellar 2025 so far, with +44.80% and +39.58% year-to-date performance respectively (as of April 24, 2025 ).

New Zealand -focused gold exploration company, Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) , recently reported encouraging new drill results from its Auld Creek project in the historic Reefton Goldfield, with assays pointing to improved gold grades at depth along the Fraternal ore shoot. Standout intercepts include 9.0 meters at 5.9 g/t gold equivalent (5.2 g/t Au and 0.16% Sb) from hole ACDDH027, and 1.25 meters at 48.3 g/t AuEq (13.3 g/t Au and 8.1% Sb) from ACDDH028. Importantly, these results—returned from 80 to 100 meters beneath the current resource envelope—appear to confirm that gold-antimony mineralization intensifies with depth, supporting the company’s model of a high-grade, south-plunging zone that remains open.

The Auld Creek project represents just one component of RUA’s broader 2025 exploration push across the Reefton district, where the company now holds 95% control over the historic goldfield.

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RUA Gold is taking a fresh approach to one of New Zealand’s most storied gold districts—becoming the first modern explorer to deploy advanced geological modeling and AI-driven targeting across the Reefton Goldfield.

And it’s working.

At Auld Creek, the company’s flagship project, early drill campaigns have already delivered hits like 12 meters at 12.2 g/t gold equivalent, including a standout 2 meters at 54.8 g/t gold, while surface sampling has uncovered antimony grades topping 40%. Four mineralized shoots have been confirmed so far, but only two are factored into the current inferred resource: 700,000 tonnes grading 3.1 g/t gold and 1.1% antimony—suggesting considerable room to grow.

Meanwhile, the 2025 drill season is expanding across the district.

Active programs are now underway at Murray Creek and the Gallant prospect within the Cumberland camp. As a target prioritized by modern AI technology, Gallant sits just 3 kilometers from the historic Globe Progress mine, where OceanaGold pulled more than 610,000 ounces of gold between 2007 and 2016, on top of the 424,000 ounces produced before 1950. Taken together, the Reefton belt has historically yielded over 2 million ounces, with grades that once reached 50 g/t.

Gallant is being tested for potential extensions of a previously reported 20.7-meter vein grading 62.2 g/t gold, including a 1-meter blast of 1,911 g/t. At Murray Creek, visible gold has now been noted in the majority of holes—an encouraging sign for a system still in its early innings.

But RUA’s ambitions don’t end in Reefton.

On the North Island, the company is advancing its Glamorgan Project , located near OceanaGold’s Wharekirauponga (WKP) deposit. There, two large gold-arsenic anomalies—spanning more than 4 kilometers—have been mapped, and rock samples have returned assays as high as 43 g/t gold. With drill targeting already underway, Glamorgan could emerge as the company’s next high-impact play.

Although gold remains the central theme, antimony is quietly shaping up as a strategic wild card . In January 2025 , New Zealand added antimony to its official Critical Minerals List . With global supplies tightening and prices rising above US$50,000 per tonne , intercepts like 0.3 meters at 27.2 g/t gold and 1.35% Sb are starting to draw meaningful investor attention.

With a team behind $11 billion in mining exits , and $5.75 million in fresh capital, Rua Gold is not just exploring—it’s executing on a clear plan to unlock overlooked, high-grade potential across one of the Southern Hemisphere’s most underexplored gold belts.

CONTINUED… Read this and more news for Rua Gold at: https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

In other industry developments and happenings in the market include:

Contango Ore Inc. (NYSE-American: CTGO) recently announced a $9 million cash distribution from the Peak Gold JV , bringing total proceeds from Manh Choh gold sales in 2025 to $33 million .

‘Operations remain on track at Manh Choh with Contango’s share of gold production for 2025 expected to be 60,000 ounces at the previously guided all-in-sustaining costs (‘AISC’) of $1,625 per ounce of gold sold for 2025,’ Rick Van Nieuwenhuyse , President and CEO of Contango Ore . ‘We plan to release financial results from the Q1-2025 on May 14, 2025 .’

The first of four production campaigns has now been completed, with 20,000 ounces delivered to Contango’s account. A second campaign is scheduled to begin mid-May, with full-year production guidance holding at 60,000 ounces.

‘On our Johnson Tract, we are in final stages of completing the previously announced preliminary economic assessment(‘ PEA’) and expect to have it released by the end of April,’ added Van Nieuwenhuyse .

Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) continues to advance its Los Reyes Project in Sinaloa, Mexico , with high-grade gold-silver intercepts from multiple zones, including Z-T, Central, Guadalupe East, Las Primas, and Fresnillo . Recent drilling highlights included 42.07 g/t AuEq over 1.0 m at Guadalupe East and 9.39 g/t AuEq over 10.5 m at Z-T, while new results from the Fresnillo generative target show near-surface mineralization extended by 120 metres .

‘2024 proved to be another transformational year for Prime: we drilled over 50,000 metres, expanded the Los Reyes resource, advanced technical de-risking and worked closely with our communities to earn our social license to operate,’ said Scott Hicks , CEO of Prime . ‘In 2025, we are looking forward to continuing our track record of exploration success while demonstrating our deep commitment to our local communities and the environment. We additionally plan to advance our understanding of Los Reyes toward a Preliminary Economic Assessment.’

Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) recently signed a mandate letter with a syndicate of global financial institutions, including Societe Generale , KfW IPEX-Bank , and Export Development Canada , to arrange up to US$700 million in structured project debt financing. This follows US$1.3 billion in previously announced LOIs from export credit agencies and marks a major step toward a fully funded construction package.

‘Securing this mandate with three globally recognized financial institutions that have expertise in structuring financing solutions for large-scale mining development is a pivotal step in delivering a fully funded construction package for the Troilus project,’ said Justin Reid , CEO of Troilus . ‘These institutions bring world-class mining finance expertise, and their participation further validates the project’s strong fundamentals and strategic importance. Project due diligence is underway in parallel with continued permitting and detailed engineering; our development schedule is on track as we advance Troilus towards construction.’

Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) recently definitively confirmed its Surebet discovery as part of a large-scale, high-grade Reduced Intrusion Related Gold (RIRG) system, following a detailed geological study by the Colorado School of Mines . The study confirms two distinct but related mineralization styles tied to a single magmatic source, with visible gold increasing in grade and coarseness at depth.

Drilling has intercepted gold in 100% of 243 holes across a 1.8 km² area, including intercepts of 34.52 g/t AuEq over 39.0 meters. With the system still open in all directions, Surebet presents a compelling case for a major gold discovery in the heart of British Columbia’s Golden Triangle.

‘When you consider how widespread the high-grade gold mineralization is in the veins and RIRG zones, the source is potentially extremely large,’ said Roger Rosmus , Founder and CEO of Goliath Resources . ‘The more drilling and scientific studies we do at the Surebet discovery, the better it gets, and we are still high in the system that is open in all directions, and we are delighted with the prospect with what can be found as we continue to laterally and drill deeper for the source of the high-grade gold system.’

Article Source: https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

CONTACT:

Equity Insider
info@equity-insider.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (‘MIQ’). This article is being distributed for Baystreet.ca media corp, who has been paid a fee for an advertising contract with Rua Gold Inc. ( forty five thousand dollars Canadian for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has not been paid a fee for Rua Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Baystreet.ca Media Corp. (‘BAY’) There may also be 3rd parties who may have shares of Rua Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Rua Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of Rua Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Rua Gold Inc. Technical information relating to Rua Gold Inc. has been reviewed and approved by Simon Henderson , CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of Rua Gold Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Rua Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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Juggernaut Further Increases Oversubscribed Financing to $9,557,000 due to Tremendous Strong Demand from Institutions and Accredited Investors

Investing 8 Mins Read

(TheNewswire)

DR. QUINTON HENNIGH TECHNICAL ADVISOR

Vancouver, British Columbia TheNewswire – April 25 th, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’), further to its April 14 th and April 23 rd 2025, news releases, the Company is pleased to announce a further increase in its non-brokered financing of up to $9,557,000. Juggernaut welcomes this strategic investment from Crescat Capital Funds LLC (‘Crescat’) and technical support from Dr Quinton Hennigh. Juggernaut’s Big One Project is garnering strong interest and support from leading institutions and miners globally, confirming the quality of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The exciting discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining’s Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a world-class geologic terrane with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

Dr. Quinton Hennigh has taken on the role of special technical advisor to the Company. He is the technical consultant for all Crescat’s gold and silver mining investments. Dr. Hennigh is a world-renowned exploration geologist with over 40 years of experience with major gold mining firms, Homestake Mining, Newcrest Mining, Newmont Mining, and Kirkland Lake/Fosterville. In just the last five years, Dr. Hennigh was instrumental in several material discoveries, including Goliath / Surebet, Newfound / Queensway, SCM / Isidorito, Eloro / Iska Iska, Snowline / Valley, Sitka / RC Gold Project, and Tectonic / Flat.

Dr. Hennigh stated , ‘The Big One gold-silver project has a very similar feel to Goliath’s Surebet gold discovery. To date, reconnaissance prospecting and sampling conducted by Juggernaut’s exploration team have identified a multitude of multi-meter thick quartz-sulfide veins, many of which have yielded +oz per tonne Au and multi-oz per tonne Ag assays. Early indications suggest there is a genetic association of veins with late-stage magmatism in the area, an association seen at Surebet. This season, Juggernaut has a clear mandate to follow up on these results with detailed mapping and channel sampling, much like Goliath did during the early days of the Surebet discovery. The Company’s mission is to get as many targets as possible ready for drill testing either late season or for 2026. I am very eager to see if a new ‘Surebet’ type discovery is in hand.

View Juggernaut videos by Clicking Here .

The charity flow-through funding will now consist of up to 9,160,000 charity flow-through units (‘CFT Units’), priced at $0.825 each, for gross proceeds of up to $7,557,000. Each CFT Unit will consist of one charity flow-through common share plus one warrant to purchase one non-flow-through common share at $0.75 for a sixty-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management’s discretion.

Juggernaut is concurrently raising up to 4,000,000 hard dollar units priced at $0.50 each for gross proceeds of up to $2,000,000. Each hard dollar unit will consist of one common share plus one warrant at $0.75 for a sixty-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management’s discretion, upon completion of the charity flow-through and hard dollar financings for a combined total of $9,557,000, which is projected to close on or before May 15, 2025. The proceeds will be used to explore Juggernaut’s properties located in Northwestern B.C. and for general working capital.

‘Gold exploration is all about swinging for the fence. Persevering with a diversified portfolio of great management and technical teams with bold targets is the key. The cool thing about Juggernaut is that it has the same geologic team as the one behind Goliath Resources, where their Surebet gold discovery has already been a home run, based on personal experience. We are happy to invest in Juggernaut and this team. It’s time for Big One, which may be the best target yet for this company and team. We are eager to support them with capital for another at-bat.’ – Kevin Smith, CFA, Founder & CEO of Crescat Capital .

Directors and officers of the company may acquire securities under the placement, which participation would be a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101’). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Mr. Dan Stuart, Director, President, and CEO of Juggernaut, states:

‘We are pleased to strengthen our relationship, both with Crescat Capital as a strategic investor and Dr. Hennigh as a Special Technical Advisor and investor. I look forward to working with our partners who bring a proven track record of both financial and technical strength. This will enable Juggernaut to unlock the full potential of its assets over the long term, building value for all shareholders. This investment and strategic partnership, coupled with the ongoing support and interest from other globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100% controlled properties. Post financing, Juggernaut will have an extremely tight capital structure of just 30,025,297 shares, no debt, and a strong cash position of ~ $9,600,000. As such, we are well-positioned to move forward with our plans of drilling The Big One Discovery. With much anticipation, we look forward to executing the inaugural exploration program and reporting results.’

The Company may pay finder’s fees of the gross proceeds from the financing in cash, and compensation options on units being sold. This non-brokered private placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.

About Crescat Capital LLC

Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat’s mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat’s goal is industry-leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. Over the last several years, Crescat has been building activist stakes in a portfolio of precious metals explorers to express one of its primary macro themes. The company’s investment process involves a mix of asset classes and strategies to assist with each client’s unique needs and objectives, and includes Global Macro, Long/Short, Large Cap, and Precious Metals funds.

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact

Juggernaut Exploration Ltd.

Dan Stuart

President, Director, and Chief Executive Officer

604-559-8028

info@juggernautexploration.com

www.juggernautexploration.com

Qualified Person

Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Top 5 Canadian Mining Stocks This Week: Tag Oil Posts 76 Percent Gain

Investing 11 Mins Read

South of the border, cooling rhetoric from the Trump administration led what turned out to be a relatively quiet news week.

Markets were volatile at the start of the week, however, after US President Donald Trump suggested on April 17 that Federal Reserve Chairman Jerome Powell’s “termination couldn’t come fast enough.”

The president softened his stance on Tuesday (April 22) when he said he had no intention of firing the head of the US central bank, but called him a “major loser.” Trump has been critical of Powell, saying that he has been slow to react to the markets in making rate cuts.

For his part, Powell has remained steadfast in waiting for more data before making decisions to tackle interest rates, most recently saying the Fed was taking its time to analyze the effect of tariffs imposed by the Trump administration.

This week, the president also implied that the high tariffs of 145 percent he implemented against China may come down in the future, although he said they would not be removed entirely. The comments helped to ease market tension on Tuesday, although he didn’t say when he would lower them.

However, economists believe that unless there is a substantial reduction to the 10 to 20 percent range, trade between the countries will not be normalized.

China said it was open to working out a deal, but not until the US remove all tariffs levied against Chinese imports. The Chinese foreign ministry also contradicted Trump’s statements that the two countries had been in negotiations.

As for Canada, Statistics Canada released its monthly mineral production survey for February on Tuesday.

The report showed that metallic mineral production was down from January. Copper production fell to 32.42 million kilograms from 34.1 million kilograms, gold production fell to 16,431 kilograms from 16,969 kilograms and silver production declined to 20,543 kilograms from 22,634 kilograms.

Shipments mostly increased compared to January’s figures. Copper rose to 29.23 million kilograms from 28.58 million kilograms and gold shipments increased to 15,328 kilograms from 14,751 kilograms. Silver saw the only decline, dropping to 16,592 kilograms from 17,227 kilograms.

Markets and commodities react

In Canada, the S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.24 percent during the week to close at 24,710.51 on Friday (April 25), the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 2.25 percent to 653.82 and the CSE Composite Index (CSE:CSECOMP) surged 6.05 percent to 120.11.

US equity markets were highly volatile this week, but posted significant gains by close on Friday, with the S&P 500 (INDEXSP:INX) adding 5.67 percent to close at 5,525.22, the Nasdaq 100 (INDEXNASDAQ:NDX) gaining 7.82 percent to 19,432.56 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rose 3.1 percent to 40,113.51.

The gold price climbed to a new high early in the week, touching the US$3,500 per ounce mark on Tuesday. However, by the end of the week it was in retreat, closing out Friday down 0.75 percent at US$3,307.54. The silver price went the opposite direction, rising 1.79 percent during the period to US$33.05.

In base metals, the COMEX copper price gained 3.16 percent over the week to US$4.89 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) fell 0.25 percent to close at 537.20.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

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

Stock 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 capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Tag Oil (TSXV:TAO)

Weekly gain: 76.47 percent
Market cap: C$32.77 million
Share price: C$0.15

Tag Oil is an oil and gas development company working to advance assets in Egypt’s Badr oil field.

The oilfield was first discovered in 1982 and has seen significant production since that time. Tag has been focused on exploration of the Abu Roash formation, and according to a November 2022 report, has estimated that its BED-1 concession contains more than 531.5 million barrels of oil in place, and represents an opportunity for successful commercial development.

Shares in Tag gained this week after the company announced on Tuesday that it had closed the sale of its 2.5 percent gross overriding royalty interests on the Cheal, Cardiff, Sidewinder, Puka and Cheal East operations in New Zealand. The company received the royalties in 2018 when it sold the assets.

Under the terms of the sale, the company received US$2.2 million, with the possibility of an additional US$300,000 in milestone payments. Tag stated the sale allows it to reallocate its resources to advancing its core business in Egypt.

2. Critical One Energy (CSE:CRTL)

Weekly gain: 63.27 percent
Market cap: C$12.65 million
Share price: C$0.40

Critical One is a critical mineral and uranium exploration company working to advance projects in Canada and Namibia.

The company’s uranium projects are located in Namibia and consist of the Madison West and the Madison North projects. They are situated in a region that hosts two producing uranium mines, the China National Nuclear Power (SHA:601985) led Rössing mine and CGN Power’s (OTC Pink:CGNWF,HKEX:1816) Husab mine.

The Madison West site covers an area of 35 square kilometers and hosts four primary prospects, including ML121, which has geological similarities to the deposits found at Rössing. The Madison North site covers an area of 26.13 square kilometers and has seen 50 holes completed over 3,720 meters.

Critical One’s newest asset is the Howells Lake antimony-gold project located near Thunder Bay in Ontario, Canada. The site is composed of 697 claims covering an area of 13,991 hectares. According to the project page, a historic resource estimate shows 51 million pounds of contained antimony from 1.7 million metric tons of ore with an average grade of 1.7 percent antimony.

Multiple parties previously owned the property, and on January 13, Critical One announced it had entered into a definitive purchase and sale agreement with Bounty Gold and the other vendors to acquire 100 percent of the project.

The company has not released any project news in the last week.

3. Patagonia Gold (TSXV:PGDC)

Weekly gain: 55.56 percent
Market cap: C$32.55 million
Share price: C$0.07

Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina.

Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. While Patagonia is working on the exploration and development of the underground resource at the site, it has been able to recover gold and silver from residual leaching on site.

In Patagonia’s management discussion and analysis, released on November 29, it reported that it had produced 1,415 ounces of gold and 65,046 ounces of silver from Cap-Oeste during the first nine months of 2024.

According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported measured and indicated values of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 grams per metric ton (g/t) gold and 63.2 g/t silver.

Acquired in a deal with Pan American Silver (NYSE:PAAS,TSX:PAAS) in 2017, the Calcatreu project is located in Argentina’s Rio Negro province and covers approximately 90,000 hectares. A 2018 mineral resource estimate for Calcatreu reported measured and indicated values of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons of ore with average grades of 2.11 g/t gold and 19.8 g/t silver.

The most recent news from the company came on Tuesday when it announced it had increased its loan facility with Cantomi Capital to US$50 million from US$45 million with a maturity date of December 31, 2026. The company intends to use the additional funds to continue the development at Calcatreu.

4. Azincourt Energy (TSXV:AAZ)

Weekly gain: 50 percent
Market cap: C$11.23 million
Share price: C$0.03

Azincourt Energy is a uranium exploration and development company working to advance projects in Canada.

One of its main focuses in 2025 is the Snegamook uranium project in the Central Mineral Belt of Newfoundland and Labrador. In October 2024, the company signed an option agreement to acquire a 100 percent stake in the property from BR Corporation.

The belt contains multiple uranium deposits including Paladin Energy’s (TSX:PDN,ASX:PDN) Michelin deposit, which hosts a measured and indicated resource of 82.2 million pounds of U3O8.

The property consists of 17 claims covering an area of 423 hectares and hosts proven shallow uranium mineralization. Previous exploration work discovered 1.3 kilometers of uranium bearing strike.

The most recent news from the project came on March 25, when Azincourt announced it was planning its inaugural work program that would include up to 1,000 meters of initial diamond drilling to confirm and expand on known uranium mineralization.

Its other focus this year has been at its East Preston project in the Athabasca Basin in Saskatchewan. The site covers 20,647 hectares and is one of the largest landholdings in the region.

Azincourt announced on April 1 that it was planning a geophysical program at the property in the fall, and in the winter it may perform follow-up diamond drilling on clay alteration zones discovered at the site in 2023 and 2024.

5. Novagold (TSX:NG)

Weekly gain: 49.88 percent
Market cap: C$2.31 billion
Share price: C$6.18

Novagold is a development company working to bring its Donlin Gold asset into production. The property, located in West-central Alaska, US, is currently a 50/50 joint venture between Novagold and Barrick Gold (TSX:ABX,NYSE:GOLD).

According to a June 2021 technical report, the property hosts proven and probable reserves of 33.85 million ounces of gold from 504.81 million metric tons of ore with an average grade of 2.09 g/t gold.

The report also demonstrated an after tax net present value of US$3.04 billion with an internal rate of return of 9.2 percent over a payback period of 7.3 years, all of which is based on a gold price of US$1,500 per ounce.

On Tuesday, the company announced that it and Paulson Advisers had entered into a definitive agreement with Barrick Gold to acquire Barrick’s 50 percent interest in the project for US$1 billion, with Novagold purchasing 10 percent of it for US$200 million. Upon completion, Novagold’s stake will increase to 60 percent and Paulson Advisers will hold a 40 percent stake.

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 February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 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.

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Editor’s Picks: Gold Price Touches US$3,500 in Volatile Week, M&A Heats Up

Investing 4 Mins Read

It was quite a week for the gold price.

The yellow metal continued its record-breaking streak early in the period, touching the US$3,500 per ounce level for the first time, but then saw a sharp pullback, even dropping briefly below US$3,300.

What’s behind gold’s latest moves? Market watchers have pointed to US President Donald Trump’s comments about Federal Reserve Chair Jerome Powell as the trigger for its latest spike.

In a Truth Social post on Monday (April 21), Trump said there could be a ‘SLOWING of the economy’ unless Powell — who he referred to as ‘Mr. Too Late’ — lowers interest rates.

Trump has criticized Powell heavily in recent days, saying last week that his ‘termination cannot come fast enough!’ That statement reignited discussions on whether Trump is able to fire Powell — Powell has said it can’t be done, and there isn’t any precedent since no president has ever tried to oust a Fed chair.

For now, the tension has subsided — Trump walked back his harsh words about Powell on Tuesday (April 22), saying he doesn’t intend to fire him, but still wants to see rate cuts.

‘I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates’ — Trump

Bullet briefing — Barrick to sell Donlin stake, CMOC to buy Lumina

Barrick to sell Donlin stake

Barrick Gold (TSX:ABX,NYSE:GOLD) has reached an agreement to sell its 50 percent stake in the Donlin gold project to affiliates of Paulson Advisers and NOVAGOLD Resources (TSX:NG,NYSEAMERICAN:NG).

The major gold miner will sell its interest in Donlin for US$1 billion in cash, with Paulson providing US$800 million and NOVAGOLD contributing the other US$200 million. Once the deal closes, Paulson will have a 40 percent interest in Donlin, while NOVAGOLD’s stake in the asset will rise from 50 percent to 60 percent.

Barrick President and CEO Mark Bristow said Donlin is an asset that ‘might be better suited in the hands of others,’ adding that the company is exiting at an ‘attractive valuation.’

While Donlin is one of the world’s largest gold projects, it is located in Alaska where infrastructure is scarce. At the same time, Barrick is looking to hone in on tier-one assets and boost its copper exposure.

Thomas Kaplan, chair of NOVAGOLD, said in a conference call after the sale was announced that his company ‘did not see eye-to-eye on a couple of things’ with Barrick, including the timing for a feasibility study for Donlin and the amount of drilling to conduct at the property.

Paulson Advisers, a longtime NOVAGOLD shareholder, is chaired by John Paulson, who is known for betting against the housing market during the great financial crisis.

In an interview with Bloomberg this week, the American billionaire said gold is ‘moving to a new level of valuation’ as central banks continue to buy.

CMOC to acquire Lumina

In other gold M&A news, CMOC Group (OTC Pink:CMCLF,HKEX:3993,SHA:603993) has agreed to buy Lumina Gold (TSXV:LUM,OTCQB:LMGDF) in a transaction worth C$581 million.

The all-cash deal will see CMOC pay C$1.27 per Lumina share.

Lumina is focused on its Cangrejos project, which it says is the largest primary gold deposit in Ecuador. A 2023 prefeasibility study outlines a 26 year mine life, with average annual payable production of 371,000 ounces of gold, plus average annual payable by-product output of 41 million pounds of copper.

‘After advancing the Cangrejos project for over 10-years and taking it from no defined resources to being poised to be one of the largest gold projects globally, the Lumina Group is excited for the transition of the Cangrejos project to CMOC,’ said Marshall Koval, CEO of Lumina Gold.

Well-known mining industry figure Ross Beaty is Lumina’s largest shareholder, while CMOC is a major producer of metals like molybdenum, tungsten, copper and cobalt.

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

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Everything Looks Fine… Until You See This Chart

Stock 6 Mins Read

It’s Wednesday, and markets rose sharply as President Trump walked back his comments on removing Fed Chair Jerome Powell and Treasury Secretary Bessent admitted that the trade war with China may not be sustainable.

Like most investors, you’re probably wondering: Is the market chaos starting to settle down, or am I walking into the jaws of another bear trap?

Short of reliable fundamentals amid an onslaught of unpredictable geopolitical volleys, it’s probably best to examine the technical data. Turning to the Market Summary page, I scrolled down to the Breadth window to see which indices or markets are trading above their 20-day exponential moving average (EMA), as it might reveal which ones are recovering.

NOTE: All Market Summary screenshots were taken on Wednesday at the time of writing.

Breadth Snapshot: A Mixed Signal

FIGURE 1. MARKET SUMMARY BREADTH WINDOW. Are we seeing a recovery here?

You can see that over 45% of stocks in the S&P 500 ($SPX) and the NYSE Composite Index ($NYA) are trading above their 20-day EMA. The NASDAQ Composite ($COMPQ) has an even higher percentage, with over half of its stocks trading above that level.

As the color code indicates, this isn’t bullish. It’s neutral. But are we seeing early signs of a turnaround? If so, you, like most investors, probably want to catch it early. But it may also be a false signal. To get an additional breadth angle, look at the Bullish Percent Index (BPI) window to see how many stocks within the broader market and exchanges generate Point & Figure Buy Signals (see below).

Bullish Percent Index: The S&P 500 Leads the Pack

FIGURE 2. MARKET SUMMARY BPI. The S&P 500 is the most bullish among the indices and exchange groups.

The NASDAQ has the most bearish reading, but the tech-heavy Nasdaq 100 is just a few points away from bullish. The S&P 500 is flashing the most bullish signal, with 60% of stocks in the index signaling P&F buy alerts.

So far, the outlook seems cautiously optimistic at best — we might be climbing out of the woods. But to get a fuller picture, it helps to examine another set of critical angles: market sentiment and money flows.

  • Can we get a data-driven measurement of investor bullishness vs. bearishness?
  • And just as important, how does that sentiment translate into actual money movement? Are investors, especially institutions, putting capital into the markets or pulling it out?

To answer these, let’s analyze the AAII Bulls – Bears sentiment indicator alongside a weekly chart of the S&P 500. Let’s also apply the Chaikin Money Flow (CMF) indicator to provide a longer-term view of buying and selling pressure in the market.

This chart is available on the Market Summary Sentiment window. However, I modified this weekly chart a bit, and you can see this below.

Sentiment Check: Bearish Underpinnings

FIGURE 3. WEEKLY CHART OF THE S&P FEATURING THE AAII BULLS – BEARS INDICATOR. Subtracting the bullish from bearish forecasts, you get net negative sentiment.

A couple of foreboding signs: the S&P is well below its 40-week simple moving average (the equivalent of a 200-day moving average), and the net AAII Bull-Bear sentiment (bottom end of the indicator pair) reads net bearish.

As for the first, you’re aware of the saying that nothing good happens under the 200-day moving average. Just look at the S&P 500’s price action in 2022. Is the current market about to undergo a similarly prolonged period of volatile declines?

As for the second sign, the AAII Bulls-Bears, it’s overwhelmingly bearish. Here’s something to think about: this indicator is based on a weekly sentiment survey of its members. While the group has around 160,000 member investors, the weekly responses usually fall between 100 and 350. It’s a voluntary survey, so the participation rate can vary quite a bit, often skewing the results. Still, it’s a closely watched barometer of retail sentiment.

Money Flow: Caution at the Zero Line

Aside from sentiment, what does the longer-term money flow picture look like?

Take a look at the CMF indicator plotted below the chart. The blue circle highlights the CMF hovering right at the zero line.

On a weekly scale, this suggests that buying pressure has cooled, but the CMF hasn’t crossed into clear-cut selling pressure territory yet. That raises the question: Is this a pause before a rebound, or a warning of more downside to come?

The CMF doesn’t distinguish retail from institutional capital. However, institutional investors operate on longer timeframes. Given the current geopolitical uncertainty, what we’re seeing may reflect a pause or outright indecision. Either way, it’s likely some catalyst will eventually trigger a move, and when it does, any institutional response could last for weeks, if not longer.

Euphoria or Exhaustion?

Despite the April rallies, markets seem to be reacting more to political theater than fundamentals. Vague remarks from officials like Treasury Secretary Bessent have fueled optimism, yet there’s little real progress on trade or economic policy to back it up. With corporate layoffs rising, port activity collapsing, and U.S. reliance on Chinese imports deepening, the structural cracks appear to be widening.

Meanwhile, markets dance to headlines — often without substance — as if investors are being nudged along by said headlines. Is this euphoria? If it is, this euphoria may not signal strength but rather a dangerous calm before a deeper decline. 

At the Close: Tread Carefully!

The Market Summary offers a clear starting point for gauging the surface and penetrating beyond it. By watching key indicators like breadth, sentiment, and money flow, you can better assess whether we’re seeing the start of a true recovery or just another bear trap. Stay cautious. Don’t trade on news, but analyze how markets react to news. In other words, follow the data and wait for real evidence before leaning into any rally.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

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Sentiment Signals Suggest Skepticism

Stock 4 Mins Read

When I consider the equity markets from a macro perspective, I begin with the analysis of the price of the S&P 500.  Then I use breadth indicators to confirm what I’m seeing by analyzing price action. Finally, and still very importantly, I look at market sentiment indicators that speak to how investors are feeling about the markets at any given moment.

While we’ve experienced a significant rally off the early April lows, my review of key sentiment indicators will show that there is definitely not rampant optimism these days. To the contrary, most signals appear to be similar to early-stage bearish phases. Let’s review the evidence together.

AAII Survey Shows Notable Lack of Bulls

The American Association of Individual Investors (AAII) conducts a weekly survey of members, asking if they are bullish, bearish, or neutral about equities. The latest weekly data from this poll shows 22% bullish and 56% bearish, with a 34% spread between the two buckets.

In the weeks following the February 2024 market peak, the AAII bullish reading plunged from about 45% to 20% and has remained around that level ever since. Bearish readings have been in the 55-60% range during the last eight weeks, and the spread between bulls and bears has been fairly consistent.

Despite many calls for optimism on the recent bounce in our major equity benchmarks, the AAII survey is suggesting that individual investors remain quite skeptical about further upside at this point. And if you look back to 2022, you’ll see that this survey can remain in this general range for quite some time during protracted bear phases.

NAAIM Exposure Index Indicates Defensive Positioning

Now let’s look at two more sentiment indicators, starting with the NAAIM Exposure Index. As I discussed in a recent podcast interview with the President of NAAIM, the National Association of Active Investment Managers, this is an organization of money managers who are asked about their exposure to the equity markets every week.

The latest results of that survey show an average allocation around 41%, down from just over 90% at the February market peak. So while I’ve heard rumblings of institutional investors piling into risk assets off the April low, this survey would suggest that there is still plenty of capital patiently waiting on the sidelines. And while the current reading at 41% is well below average, we’ve seen the indicator reach down to single digits during previous bear market cycles.

Rydex Flows Not Yet at Extreme Levels

The bottom panel in that previous chart shows the Rydex fund flows, showing how investors in the Rydex fund family are rotating between offensive and defensive positioning. This week, we observed a new log for 2025, showing the Rydex fund investors have continued to rotate to more defensive positions off the February market high. Look further to the left and you’ll see that in 2022, 2020, and late 2018, this indicator reached much deeper levels before a major market bottom was finally achieved. So while the recent rotation confirms a more cautious outlook for investors, it has not yet reached extreme enough readings to be giving a clear signal of downside capitulation.

In the order of importance, I would put price at the top of the list. Should the S&P 500 regains its 200-day moving average, I will find it much more difficult to remain bearish about market conditions. But based on my latest analysis of key market sentiment indicators, the bears may have more time in the sun before this pullback phase is over.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

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Opawica Explorations Inc. Drills 28m of Mineralization with strong XRF readings

Investing 5 Mins Read

(TheNewswire)

April 24th, 2025 TheNewswire – Vancouver, B.C. Opawica Explorations Inc . (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the ‘Company’ or ‘Opawica’), a Canadian mineral exploration company focused on precious and base metals in the Abitibi Gold Belt is providing an update on its 2025 exploration campaign at the Bazooka Property (‘Bazooka’)..

In drill hole OP-25-31 Opawica Explorations intersected a broad 28 m zone of shearing, silicification, quartz veining, some arsenic. The d rill hole intercepted the target zone from 307 to 335 m, consisting of well-sheared, silicified and quartz veining sediments. The XRF readings of arsenic range from 1000 ppm As at the beginning of the zone to 200 ppm As at the end of the zone. The central part of the zone maintained a 1000 ppm As. One point XRF reading gave a reading of 92 g/t Au

Opawica has now completed it first phase of its drill program on the Bazooka Property. The program consisted of 3359 m in drilling in 14 holes. All the drill core has been split and logged. A total of 1384 m of core were sampled for a total of 1112 samples. All the 1112 samples are now at the laboratory for analysis.

Blake Morgan CEO stated ‘With nearly 7000M of high priority targets remaining on the Bazooka Property and 10,000m high priority targets remaining on the Arrowhead. The team is eagerly awaiting assays. With multiple thick intercepts with high XRF readings of 234 g/t Au, the team has decided to await assays before making its next drilling move. So far we have been ecstatic with what we have been seeing. Multiple thick intercepts with fantastic XRF reading for gold and Nickle and on top of that, visible gold. We will have some more updates shortly and hope to get the assays back over the next few weeks’.

Assay core samples are at ALS Chemex lab of Rouyn-Noranda, 165 Rue Jacques-Bibeau, Que. (an ISO/IEC 17025:2005 accredited facility). The sampling program is undertaken by company personnel under the direction of Yvan Bussieres, PEng. A secure chain of custody is maintained in transporting and storing of all samples. The rock samples will undergo fire assays, 1E3 (aqua regia) — ICP/OES and select samples underwent gravimetries.

X-ray fluorescence is a non-destructive analytical technique used to determine the elemental composition of materials such as drill cores. XRF analyzers determine the chemistry of a sample by measuring the fluorescent (or secondary) X-ray emitted from a sample when it is excited by a primary X-ray source. The company notes the results only provide an indication of the amount of minerals present. Certified assaying of the core samples is required to accurately determine the amount of base metal and precious metal mineralization.

Samples of mineralization were taken at 0.5-metre-to-1.5-metre intervals, with sample intervals being adjusted to respect lithological and/or mineralogical contacts and isolate narrow veins or other structures that may yield higher grades. The core was split in two separate sections — one-half of the core and the other half was sent for analysis.

Mr. Yvan Bussieres, P.Eng., reviewed and approved the technical content of this news release. The qualified person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the company’s properties

About Opawica Explorations Inc.

About Opawica Explorations Inc.

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

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

Fax: 604-681-3552

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-Looking Statements

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


Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Crypto Market Recap: $TRUMP Token Rebounds as President Extends Exclusive Invitation

Investing 7 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (April 23) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$93,529.14 as markets closed for the day, up 2.2 percent in 24 hours. The day’s range has seen a low of US$92,078.75 and a high of US$94,122.31.

Bitcoin performance, April 23, 2025.

Chart via TradingView.

Fueledby the re-entry of institutional investment, the crypto markets appear to be headed towards a robust recovery; however, the long-term trajectory remains to be seen.

Ethereum (ETH) ended the day at US$1,785.14, a 5.2 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,767.67 and a high of US$1,815.24.

Altcoin price update

  • Solana (SOL) ended the day valued at US$150.05, up four percent over 24 hours. SOL experienced a low of US$149.31 and peaked at $153.47.
  • XRP traded at US$2.22, reflecting a three percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.20 and reached its highest point at US$2.29.
  • Sui (SUI) was priced at US$2.98, showing an increaseof 21 percent over the past 24 hours. It achieved a daily low of US$2.89 and a high of US$3.06.
  • Cardano (ADA) was trading at US$0.6981, up 6.3 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6873, with a high of US$0.7138.

Today’s crypto news to know

Riot Platforms secures US$100 million credit facility backed by Bitcoin

Riot Platforms (NASDAQ:RIOT) secured a US$100 million credit facility from Coinbase (NASDAQ:COIN) on Wednesday (April 23), using a massive Bitcoin stockpile as collateral.

Data from Bitcoin Treasuries indicates that Riot holds 19,223 BTC valued at approximately US$1.8 billion, making the company the third-largest corporate Bitcoin treasury behind Michael Saylor’s Strategy and MARA Holdings.

“Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing,” said Jason Les, CEO of Riot, in a press release. “This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation.”

Brandon Lutnick forms new Bitcoin investment vehicle

Brandon Lutnick, son of US Commerce Secretary and former Cantor Fitzgerald Chairman Howard Lutnick, will launch a listed Bitcoin investment vehicle through a reverse merger with Cantor Equity Partners, a special purpose acquisition company (SPAC). This is according to a Tuesday (April 22) report by the Financial Times (FT).

The newly-established entity, purportedly named Twenty One Capital, will be led by co-founder Jack Mallers, the CEO of Bitcoin-focused payments app Strike, and majority owned by Tether (USDT) and cryptocurrency exchange Bitfinex. SoftBank (TSE:9984, OTCPINK:SOBKY) will also own a ‘significant minority’ stake. Sources for FT say Tether will contribute at least US$1.5 billion worth of Bitcoin.

The company will also raise US$385 million through a convertible bond and US$200 million via a private equity placement, which will be used to acquire more Bitcoin. Eventually, SoftBank, Tether and Bitfinex’s investments will be converted from Bitcoin into shares in Twenty One Capital, with a price of US$13 per share for the private placement and US$10 per share for the convertible bond.

According to the report, Twenty One Capital will launch with 42,000 BTC, making it the world’s third-largest Bitcoin reserve. “With a visionary leader at the helm and backing from two renowned industry leaders, Twenty One is designed to help investors capture value from Bitcoin’s growing global demand and increasing institutional adoption,” Lutnick said in a press release on Wednesday. The deal values the new company at US$3.6 billion based on an approximate US$85,000 Bitcoin valuation. As of writing, Bitcoin is valued at US$93,808.31.

Trump to Host Exclusive Dinner for $TRUMP Token Holders

Lauded as “the most exclusive invitation in the world”, US President Donald Trump will host a dinner for the top 220 holders of his $TRUMP token in Washington, D.C. on May 22. News of the event, which was announced on the memecoin’s official website, sent $TRUMP’s valuation up by over 55 percent in under an hour. $TRUMP reached US$14.44 at around midday on April 23, its highest valuation since mid-February. As of writing, $TRUMP is valued at US$13.46.

Top token holders are required to link their wallets for holding verification. The top 25 holders will gather for a private reception with the President before dinner.

Around 40 million $TRUMP tokens, or roughly 20 percent of the tokens’ circulating supply, were unlocked on April 17, valued slightly above US$300 million at the time. $TRUMP reached an all-time high of US$75.35 on January 19, according to data from CoinMarket Cap. This was followed by an abrupt reversal and steady decline in Q1 to valuations between US$9 – US$7 in April.

Bitcoin ETFs see US$936 million in daily inflows

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their strongest day of inflows since January, pulling in a combined US$936 million on Tuesday (April 22) across 10 issuers.

Leading the charge were Ark & 21Shares with US$267.1 million, Fidelity’s FBTC with US$253.8 million and BlackRock’s IBIT, which added US$193.5 million.

Over the past three days, total net inflows into Bitcoin ETFs have surpassed $1.4 billion, signaling renewed institutional confidence in crypto markets. Analysts attribute the momentum to persistent inflation, a weakening US dollar and growing fears over geopolitical instability, prompting investors to turn to Bitcoin as a hedge.

While still volatile, Bitcoin is increasingly being framed as “digital gold,” with ETF flows suggesting it’s becoming a staple in diversified portfolios. This week’s influx also reflects optimism that regulatory conditions are maturing, particularly in the US, where ETFs are rapidly gaining legitimacy among mainstream investors.

Bitcoin becomes fifth largest global asset, overtakes Google

Bitcoin has climbed to a market capitalization of US$1.86 trillion, overtaking Alphabet (NASDAQ:GOOGL) to become the world’s fifth-largest asset by market value. The price of Bitcoin surged past US$94,000, helped by easing trade tensions between the US and China and renewed bullish sentiment across tech and risk-on assets.

This marks a symbolic milestone for the cryptocurrency, which has now outpaced several of the world’s most valuable tech giants. Analysts point to Bitcoin’s increasing correlation with macroeconomic tailwinds — such as falling bond yields and speculative interest in risk assets — as drivers of the recent price action.

Its breakout relative to the Nasdaq also suggests growing investor confidence in crypto as a parallel to tech. If Bitcoin maintains this trajectory, some believe it could soon challenge silver’s position as the fourth-largest global asset.

Trump backs crypto regulation, Trump Media eyes retail crypto products

During a public appearance, US President Donald Trump called for regulatory certainty in the crypto industry and vowed to provide ‘clear rules of the road’ for digital asset innovation.

His statement coincided with Trump Media & Technology Group’s announcement that it will partner with Crypto.com and Yorkville America Digital to launch retail investment products, including crypto-focused ETFs aligned with Trump’s “America First” platform. The planned offerings aim to capitalize on the president’s growing presence in the digital asset space following prior ventures like Trump NFTs and crypto-affiliated partnerships.

While no official ETF filings have been submitted yet, the initiative signals Trump’s commitment to making crypto a policy priority as part of his economic strategy.

Tesla reports US$951 million in Bitcoin holdings despite earnings miss

Tesla (NASDAQ:TSLA) revealed it continues to hold $951 million worth of Bitcoin on its balance sheet, despite posting weaker-than-expected quarterly revenue of US$19.34 billion.

The automaker’s Bitcoin holdings, totaling 11,509 BTC, remained unchanged during the quarter, with no buy or sell activity recorded. This comes as Bitcoin’s price dipped from late December highs, impacting Tesla’s valuation of its digital asset portfolio under the new Financial Accounting Standards Board rules.

These rules now require corporations to mark digital assets to market on a quarterly basis, increasing transparency but also exposing earnings to crypto market volatility. Tesla’s crypto exposure, while relatively small compared to its core business, still makes it one of the top public holders of Bitcoin globally.

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

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

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NorthStar Gaming Changes Date of Q4 and Year-End 2024 Earnings Webinar to May 1st

Investing 5 Mins Read

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) has announced a change of date for its upcoming Q4 and Year-End 2024 Earnings Webinar to May 1, 2025 at 11:00 am EDT. Further, the Company now expects to announce its fourth quarter and year-end 2024 financial results and file its condensed consolidated financial statements for the year ended December 31, 2024 (‘FY2024 Financial Statements’) and associated management’s discussion and analysis as soon as possible, but no later than April 30, 2025, as permitted under applicable securities laws. The webinar is being delayed because the Company requires additional time to finalize its FY2024 Financial Statements and complete its year-end audit process.

NorthStar invites all investors and other interested parties to register for the webinar at the link below. Michael Moskowitz, Chairman and CEO, will be presenting the Company’s financial results and an update on current operations and strategic priorities.

Date: Thursday, May 1st, 2025
Time: 11am EDT
Register: Webinar Registration

HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may submit your question(s) beforehand in the registration form linked above.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSX Venture Exchange (‘TSXV’) under the symbol BET and in the United States on the OTCQB under the symbol NSBBF. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, and the timing of the release of the Company’s financial results. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.com. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. 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 information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:

Corey Goodman
Chief Development Officer 647-530-2387
investorrelations@northstargaming.ca

Investor Relations:

RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249726

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Investing

13 Canadian Crypto ETFs in 2025

Investing 7 Mins Read

Cryptocurrencies such as Bitcoin and Ethereum offer an alternative route for building and storing wealth. While directly holding these digital assets is a popular option, investors are also clamoring for financial products such as crypto exchange-traded funds (ETFs).

Canada first launched Bitcoin and Ethereum ETFs in 2021. These Canadian Bitcoin and Ethereum ETFs allow investors to place returns in tax-sheltered accounts like tax-free savings accounts or registered retirement savings plans.

“There is a high demand for a Bitcoin product that has all the features that people love about ETFs — that they trade on an exchange, that they’re liquid,” Ross Mayfield, investment strategy analyst at Robert W. Baird & Co., told Bloomberg in mid-2021.

Interest has only increased since then. In the US, Bitcoin ETFs’ net assets surpassed US$100 billion in November 2024, gaining ground on US gold ETFs. Sean Farrell, head of digital asset strategy at Fundstrat, wrote in mid-2023 that the Bitcoin ETF category at large has the potential to surpass the precious metals ETF market in terms of asset value. ‘Bitcoin ETF eventually could become >$300 billion category,’ he stated in the note.

Ethereum ETFs have also become a major talking point. Ethereum is the most widely used blockchain technology, and Ether, the digital currency of this platform, is the second largest cryptocurrency after Bitcoin.

With that in mind, it’s worth taking a look at the currently available Canadian cryptocurrency ETFs. The list below includes 13 Ether and Bitcoin ETFs available on the Canadian market sorted by assets under management, and all data presented is current as of April 17, 2025.

1. Purpose Bitcoin ETF (TSX:BTCC)

Assets under management: C$2.6 billion

Billed as the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF launched in February 2021 and is backed by Bitcoin in cold storage. This means the fund allows investors to add and sell Bitcoin with no digital wallet required.

Hosted by Canadian investment company Purpose Investments, the Purpose Bitcoin ETF is backed by 22001.42 Bitcoins and has a management expense ratio of 1.5 percent.

2. CI Galaxy Bitcoin ETF (TSX:BTCX.B)

Assets under management: C$1.07 billion

Launched in March 2021, the CI Galaxy Bitcoin ETF was born out of a partnership between cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management. Galaxy Fund Management is part of Galaxy Digital, a diversified financial services firm with a focus on digital assets and the blockchain technology sector.

The ETF’s objective is to give investors exposure to Bitcoin via an institutional-quality fund platform, as its holdings are wholly Bitcoin and are kept in cold storage. At 0.4 percent, this fund boasts one of the lowest management fees of all the crypto funds on the market.

3. Fidelity Advantage Bitcoin ETF (TSX:FBTC)

Assets under management: C$931.07 million

The newest Bitcoin fund on this list, the Fidelity Advantage Bitcoin ETF, launched in November 2021. It offers the security of Fidelity’s in-house cold storage services for its holdings.

While it previously had a management fee of 0.39 percent, the Fidelity Advantage Bitcoin ETF lowered it in January 2025 to an ultra-low management fee of 0.32 percent.

4. 3iQ CoinShares Bitcoin ETF (TSX:BTCQ)

Net asset value: C$285.91 million

Launched in March 2021, the 3iQ CoinShares Bitcoin ETF offers exposure to the price movement of Bitcoin in US dollar terms. The company holds its Bitcoin assets in cold storage. This ETF has a management fee of 1 percent.

5. CI Galaxy Ethereum ETF (TSX:ETHX.B)

Assets under management: C$284.3 million

The CI Galaxy Ethereum ETF, another collaboration between CI and Galaxy, offers investors exposure to the spot Ethereum price through Ether holdings in cold storage. The fund launched on April 20, 2021, the same day as two of the other Ether ETFs on this list.

At the time, CI Global Asset Management suggested that “owning Ether is similar to owning a basket of early-stage, high-growth technology stocks.”

The CI Galaxy Ethereum ETF also has notably low management fees of just 0.4 percent.

6. Evolve Bitcoin ETF (TSX:EBIT)

Assets under management: C$229.8 million

Evolve ETFs partnered with cryptocurrency experts, including Gemini Trust Company, CF Benchmarks, Cidel Bank & Trust and CIBC Mellon Global Services, to launch the Evolve Bitcoin ETF. The fund, which holds its own Bitcoin, has a management fee of 0.75 percent.

Launched a week after the Purpose Bitcoin ETF, its holdings of Bitcoin are priced based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for Bitcoin denominated in US dollars.

7. Purpose Ether ETF (TSX:ETHH)

Assets under management: C$215.8 million

The Purpose Ether ETF is a direct-custody Ether ETF that launched on April 20, 2021. This fund holds 97598.07 Ether, which it stores in cold storage.

The Purpose Ether ETF offers investors exposure to the daily price movements of physically settled Ether tokens with a management fee of 1 percent.

8. Purpose Bitcoin Yield ETF (TSX:BTCY)

Assets under management: C$140 million

The Purpose Bitcoin Yield ETF uses a covered call strategy to generate yield for investors, which involves writing call options on Bitcoin. Call options give the buyer an option to purchase an asset at a specific price on or before a specific date.

Its structure allows the fund to earn income from option premiums while providing investors with exposure to Bitcoin’s price movements. Its distributions are paid monthly.

9. Evolve Cryptocurrencies ETF (TSX:ETC)

Assets under management: C$61.35 million

The Evolve Cryptocurrencies ETF launched in September 2021 as the first multi-cryptocurrency ETF, providing combined exposure to both Bitcoin and Ether.

This product from Evolve ETFs allows investors to diversify their crypto portfolios and provides indirect exposure to the two coins, weighing them by market capitalization and rebalancing its holdings on a monthly basis. Bitcoin makes up the majority of its portfolio.

While this ETF has no management fee, the underlying funds that hold both Bitcoin and Ether have management fees of 0.75 percent plus applicable taxes.

10. 3iQ CoinShares Ether Staking ETF (TSX:ETHQ)

Net asset value: C$‪49.6 million

Following the success of its Bitcoin ETF, 3iQ Digital Asset Management launched its CoinShares Ether Staking ETF in April 2021. This fund has a similar objective, offering exposure to Ether and its daily US dollar price movements. It also has a management fee of 1 percent.

11. Purpose Ether Yield ETF (TSX:ETHY)

Assets under management: C$44.5 million

Like the Purpose Bitcoin Yield ETF, the Purpose Ether Yield ETF offers investors an opportunity to invest in Ether while also generating yield. Purpose Investments lends a portion of its Ether holdings to institutional borrowers and earns interest on those loans.

Investors who purchase shares of this ETF receive a portion of the interest earned in monthly distributions.

12. Evolve Ether ETF (TSX:ETHR)

Assets under management: C$40.52 million

The Evolve Ether ETF offers investors an easier route to investing directly in Ether. The fund’s holdings of Ether are priced based on the CME CF Ether-Dollar Reference Rate, a once-a-day benchmark index price for Ether denominated in US dollars. As with the Evolve Bitcoin ETF, the Evolve Ether ETF has a management fee of 0.75 percent.

13. Fidelity Advantage Ether ETF (TSX:FETH)

Assets under management: C$24.2 million

Following the successful launch of its Bitcoin fund, Fidelity brought its Advantage Ether ETF to market in September 2022, making this the newest Ether ETF in Canada. Its holdings are stored in Fidelity’s in-house cold storage.

The Fidelity Advantage Ether ETF has a management fee of 0.4 percent.

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

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