Carbonxt Group (CG1:AU) has announced CG1 non-renounceable pro-rata entitlement offer
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Copper has become a hot topic due to its role in the green energy transition and its necessity for urbanization. However, the lack of incoming supply in the long term has experts concerned.
Due to its importance in construction, energy transmission and new technologies, copper is a critical metal needed to power the future of our society. However, mined supply has not kept pace with demand, with few new operations coming online, and older mines facing decreasing grades and lower outputs.
The term “peak copper” was coined because some experts believe that copper reserves may be diminishing. According to the US Geological Survey (USGS), more than 700 million metric tons of copper have been mined throughout history, and current economic global copper reserves stand at 980 million metric tons.
Nearly all of that mined copper is still in circulation, as the red metal’s recycling rate is higher than that of any other engineering metal, but it is still not enough to keep up with escalating demand. As a result, it’s prudent to know the top copper reserves by country, especially when considering investing in the copper mining industry.
Reserve data for this article was sourced from the USGS’s 2025 Mineral Commodity Summary and supplemented with datasets from Mining Data Online (MDO) and the UN Comtrade Database.
Top 5 copper reserves by country
The countries with the largest copper reserves are Chile, Australia, Peru, the Democratic Republic of Congo (DRC) and Russia. These five countries hold more than 55 percent of the world’s total copper reserves and will be critical to a world with soaring demand for copper.
Read on to learn about these copper kingpins.
1. Chile
Copper reserves: 190 million metric tons
Chile holds the largest copper reserves globally at 190 million metric tons, nearly as much as Australia and Peru hold combined. Additionally, Chile is also the world’s top copper producer, with its 5.3 million metric tons of copper in 2024 representing nearly a quarter of global output.
The mining industry is essential to the Chilean economy, making up more than 50 percent of the country’s exports and contributing US$40 billion of its GDP in 2023. Copper alone accounting for more than US$29 billion of that total.
Due to the sheer quantity of copper in the country, it should come as no surprise that Chile is home to the world’s largest copper mine, Escondida. According to MDO, Escondida produced 927,000 metric tons of copper in concentrate in 2024 and sits atop proven and probable copper reserves of 37.62 million metric tons. The mine is a 57.5/30/12.5 joint venture between BHP (ASX:BHP,NYSE:BHP,LSE:BHP), Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Japan’s JECO.
2. Australia
Copper reserves: 100 million metric tons
Australian copper reserves are pegged at 100 million metric tons, tying it for the second largest country by copper reserves. The resource industry is an essential sector in Australia, contributing AU$385 billion during the 2024/2025 fiscal year. Of that, copper was the sixth largest contributor with AU$13.2 billion, a AU$1.8 billion increase over 2023/2024.
While Australia hosts significant copper reserves, it lags the other countries on the list with similarly sized reserves in terms of production at 800,000 metric tons in 2024. More than a quarter of that came from BHP’s Olympic Dam mine in South Australia, which produced 216,000 metric tons of copper cathode. The polymetallic mine contains substantial proven and probable copper reserves totaling 10.68 million metric tons.
Another significant operation in Australia is Newmont’s (TSX:NGT,NYSE:NEM,ASX:NEM) Cadia Valley mine, which hosts probable reserves of 3.1 million metric tons of contained copper. Cadia Valley produced 87,000 metric tons of copper in concentrate in 2024.
2. Peru
Copper reserves: 100 million metric tons
Copper reserves in Peru stand at 100 million metric tons, tying it with Australia for the second largest copper country. Much like its neighbor Chile, copper is an essential part of Peru’s economy, accounting for 49 percent of the value of its US$47.7 billion in mining exports.
Peru is home to some of the world’s biggest mining operations, and produced 2.6 million metric tons of copper last year. Two mines accounted for a third of the country’s total output.
The top producer in the country is the Cerro Verde Complex, a 55/21/19.6 venture with Freeport-McMoRan (NYSE:FCX), Sumitomo Metal Mining (TSE:5713) and Minas Buenaventura (NYSE:BVN). Cerro Verde hosts hosts proven and probable reserves of 11.45 million metric tons of copper and produced 949 million pounds of copper metal in concentrate in 2024.
Not to be outdone, the second highest is Antamina, a 33.75/33.75/22.5/10 joint venture between BHP, Glencore (LSE:GLEN,OTC Pink:GLCNF), Teck Resources (TSX:TECK.B,TSX:TECK.A,NYSE:TECK) and Mitsubishi (TSE:8058). Last year, output at the mine fell just short of Cerro Verde’s at 941 million pounds of copper in concentrate. Antamina hosts a proven and probable reserve of 4.53 million metric tons of contained copper.
The mine with the largest copper reserves in Peru is Southern Copper’s (NYSE:SCCO) Toquepala mine, home to 13.79 million metric tons of copper in proven and probable reserves. The mine produced 496 million pounds of copper in concentrate last year.
4. Democratic Republic of Congo
Copper reserves: 80 million metric tons
Copper reserves in the Democratic Republic of Congo stood at 80 million metric tons in 2024, making it the fourth largest country by copper reserves. The DRC’s economic copper reserves have seen a staggering rise in recent years, climbing from an estimated 19 million metric tons in 2019.
The mining sector has been critical to GDP growth in the DRC, with copper being the largest contributor. World Bank reports that the extraction sector has outpaced other segments of the DRC’s economy, increasing 12.8 percent in 2024, while non-mining sectors grew by only 3.2 percent.
According to data from the United Nations, in 2023 the DRC exported US$17 billion in refined copper and unwrought alloys, a large jump from US$7.34 billion in 2019. The country’s copper ore exports contributed US$2.16 billion in 2023, nearly double the US$1.11 billion four years prior.
Among the contributing factors in the rise in mining and export activity has been the development of the Lobito Corridor, which connects mineral-rich regions in Zambia, the DRC and Angola to the port at Lobito in Angola.
This link allows greater access for large-scale operations like Ivanhoe Mines (TSX:IVN) and Zijin Mining’s (HKEX:2899,SHA:601899) Kamoa-Kakula complex in the Southern DRC. One of the largest copper operations in the world, Kamoa-Kakula hosts a probable reserve of 17.69 million metric tons of contained copper and produced 964 million pounds of copper in concentrate in 2024.
4. Russia
Copper reserves: 80 million metric tons
Russia’s copper reserves are estimated to be 80 million metric tons, tying it with the DRC. While commodities are important to the Russian economy, contributing US$417 billion in 2024, the metals sector represented 15 percent of that total at US$60 billion.
Russia has been under significant sanctions since it invaded Ukraine in February 2022. According to the UN Comtrade Database, Russia’s copper exports from in 2021 were valued at US$5.98 billion.
In 2024, Russia produced 930,000 metric tons of copper, an increase from the 890,000 metric tons produced in 2023. Among the main contributing factors was a ramp-up in production at Udokan Copper’s Udokan mine in Siberia, which was expected to produce 135,000 metric tons in 2024 and, according to the mine’s website, hosts a JORC-compliant copper resource of 26.7 million metric tons.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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- The SEC just tossed one of its cupcake games into the trash. Now, will the Big Ten dare strengthen its schedule?
- The SEC will join the Big Ten and Big 12 in playing a ninth conference game starting in 2026.
- SEC keeps requirement for members to play a Power Four non-conference opponent.
The SEC just tossed one of its cupcakes into the rubbish bin. Thank goodness. Good riddance. About time.
In news that ought to be welcomed by any college football fan who enjoys compelling matchups, instead of games against overmatched directional schools, the SEC announced Thursday, Aug. 21 it will increase to playing nine conference games starting in 2026. That will equal the number of conference games played by the Big Ten and Big 12.
Importantly, the SEC still will require its members play at least one non-conference game against either a Power Four opponent or Notre Dame.
Let me translate that: SEC teams will be required to play a minimum of 10 games against opponents seated at the big-kids table, leaving room for a maximum of two cupcake games.
Hallelujah.
Too many irrelevant games had long been one of the few stains on college football’s regular season. This decision by the SEC helps rectify that.
This move also makes the Big Ten’s scheduling model look pitiable.
Your move, Tony Petitti.
SEC stiffening schedule puts ball in Big Ten’s court
The Big Ten plays nine conference games, but its members are not required to play a Power Four non-conference opponent.
Some Big Ten teams choose to play a marquee non-conference clash, but others – cough, cough, Indiana, cough, cough – pursue the path of least resistance and avoid any non-conference opponent with a pulse.
Penn State’s non-conference lineup this season consists of Nevada, Florida International and Villanova. That’s a bad joke, and unless the Big Ten addresses its scheduling, it won’t enjoy a leg to stand on when trying to stump for its members’ résumés compared to those forged in the SEC. Six Big Ten teams will not play a single non-conference game against a Power Four opponent this season.
For years, the Big Ten fans and coaches held one good card in arguments against SEC peers about which league played a tougher schedule: The Big Ten played one additional conference game compared to the SEC. The SEC would counter that its conference, top to bottom, was stronger than other conferences, but it could not escape the reality that its membership collectively feasted on more cupcakes than other leagues.
No more.
The SEC’s addition of another conference game while maintaining its Power Four non-conference requirement solidifies its strength of schedule campaign and leaves the Big Ten standing on its back foot.
SEC aces offseason while Big Ten monkeys around
While the Big Ten spent the offseason floating absurd College Football Playoff formats that failed to gain traction, the SEC deftly moved chess pieces to strengthen its positioning in the playoff construct that currently exists – and might continue to exist in 2026 and beyond.
First, the SEC waged an offseason messaging campaign focused on its desire for the playoff selection committee to more greatly consider strength of schedule when awarding at-large bids. That campaign hit pay dirt this week. The CFP announced that, effective immediately, it will more greatly weight victories against good competition, minimize the penalty for losses against tough teams, and devalue triumphs over cupcakes.
Next, the SEC positioned itself to further capitalize on the CFP’s strength of schedule tweaks by adding a ninth conference game.
To stick the landing, the SEC could cement a 16-team, 5+11 playoff model that would unlock access to up to 75% of the playoff bracket, while knowing it enjoys the strongest cards in strength of schedule debates.
And what’s the Big Ten been up to? Well, teams like Nebraska and Indiana got busy canceling future Power Four opponents while filling their plate with tasty cupcakes.
Great move, guys. Enjoy those empty calories.
There’s really only one move for the Big Ten to make. It must reinstate an old requirement that membership play at least 10 games against Power Four opponents. Maybe, Indiana can tape together that contract it tore up when it decided to duck Virginia.
Better yet, the Big Ten could stop playing catchup and get ahead of the game by requiring not 10 but 11 total games against Power Four opponents, thereby gaining a trump card over the SEC.
Let’s hear it, Big Ten. Are you willing to join the SEC and dispose of some cupcake games?
The SEC making this overdue decision to add a ninth conference game places it in an unimpeachable position for future résumé debates. The Big Ten’s only response can be to add more meat to its schedule.
Blake Toppmeyer is the USA TODAY Network’s national college football columnist. Email him at BToppmeyer@gannett.com and follow him on X @btoppmeyer.
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- The SEC is shifting to a nine-game conference schedule in the 2026 college football season.
- The SEC has played a nine-game conference schedule for college football since 1992.
- The SEC will join the Big Ten and Big 12 as Power 4 conferences with a nine-game schedule.
This story was updated with new information
One of college football’s longest-standing debates is over.
On Aug. 21, the SEC announced that beginning with the 2026 college football season, the conference will shift to a nine-game conference schedule format for college football.
‘Adding a ninth SEC game underscores our universities’ commitment to delivering the most competitive football schedule in the nation,’ SEC Commissioner Greg Sankey said in a statement. ‘This format protects rivalries, increases competitive balance, and paired with our requirement to play an additional Power opponent, ensures SEC teams are well prepared to compete and succeed in the College Football Playoff.’
The SEC currently plays an eight-game conference schedule for college football and has done so since the 1992 season. The decision also now lines the SEC up with the Big Ten and the Big 12, two Power Four conferences that have already adopted a nine-game conference schedule.
The shift to a nine-game regular season schedule for the SEC also comes less than a day after the College Football Playoff selection committee announced that it will put a greater emphasis on strength of schedule in determining the 12-team field for the CFP this season. The CFP selection committee also announced it is introducing a record strength metric that will go ‘beyond a team’s schedule strength to assess how a team performed against that schedule’ to its selection process.
Here’s what to know the SEC’s announcement that it is implementing a nine-game conference schedule:
SEC schedule format
Here’s what the full nine-game conference format would look like beginning in 2026, per the SEC’s release:
- The SEC will continue with a single-standings, non-divisional structure
- Each school will play three annual opponents focused on maintaining many traditional rivalries
- Each team’s remaining six games will rotate among the remaining conference schools
- Each team will face every other SEC program at least once every two years and every opponent home and away in four years
Additionally, SEC teams will be required to schedule at least one additional high-quality non-conference game from the ACC, Big Ten or Big 12 conferences or Notre Dame each season under this new format.
When is SEC moving to 9-game schedule?
In its announcement on Thursday, the SEC announced that it will shift to a nine-game regular season conference schedule starting in 2026. It is the first adjustment to the SEC’s conference schedule since 1992, when the conference first expanded from a 10-team membership to 12-team membership with the additions of Arkansas and South Carolina.
Power Four college football scheduling formats
With the SEC’s announcement on Thursday, the ACC is the outlier among the Power Four conferences that won’t play a nine-game conference schedule starting in 2026.
Noted by Yahoo Sports’ Ross Dellenger prior to the SEC’s official announcement on Thursday, the ACC is expected to follow suit with the SEC by adopting a nine-game conference schedule.
SEC statement on conference scheduling
Here’s an additional statement from Sankey on the conference’s shift to a nine-game conference schedule:
‘The SEC has established itself as the leader in delivering the most compelling football schedule in college athletics,’ Sankey said. ‘Fans will see traditional rivalries preserved, new matchups more frequently, and a level of competition unmatched across the nation.’
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The Pittsburgh Steelers may be without their top rookie for the near future.
Defensive tackle Derrick Harmon was carted off the field during the Steelers’ preseason finale against the Carolina Panthers.
Harmon was injured while rushing from the interior. Panthers lineman Brandon Walton blocked him on the play and Harmon ended up on the ground as Carolina quarterback Jack Plummer rolled out to his right.
Harmon was later seen on the broadcast reacting to his injury on the back of the cart. He’s been ruled out of the rest of tonight’s game.
Pittsburgh drafted Harmon at No. 21 overall in the first round out of Oregon. One of the top interior defensive line prospects in the class, he is expected to start for the Steelers this season alongside Keeanu Benton and Cameron Heyward.
That may change after tonight’s injury.
This story will be updated with more information when available.
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Serena Williams is opening up about her experience with GLP-1 medications. The 43-year-old tennis star has lost 31 pounds on the drug Zepbound, a type of medication typically prescribed for diabetes and now also used for weight management.
Williams’ struggles with body image began with postpartum changes after she gave birth to her first daughter, Alexis Olympia, in 2017, and continued after her second daughter, Adira River, was born in August 2023. She lost “a lot” of weight in the two weeks after River’s birth, she told People, but afterwards, “never lost another pound.”
The tennis star’s candor may help to dispel the pesky health inaccuracy that weight loss is a simple matter of exercise. While an active life and healthy eating can help with the process, new research suggests that outside factors like genetics may play a bigger role than previously thought. As arguably one of the world’s greatest athletes, Williams’ decision to share her journey with GLP-1s may help to reshape the image of the drugs.
‘A misconception is that it’s a shortcut,’ she said in the interview. ‘As an athlete and as someone that has done everything, I just couldn’t get my weight to where I needed to be at a healthy place − and believe me, I don’t take shortcuts.’
Female stars struggle under the spotlight
In a 2018 interview with Teen Vogue, Williams shared details of the body shaming she’d experienced throughout her career: “People would say I was born a guy, all because of my arms, or because I’m strong. I was different to Venus: she was thin and tall and beautiful, and I am strong and muscular − and beautiful, but, you know, it was just totally different.”
In March 2025, Meghan Trainor also opened up about struggles with body image postpartum. The Grammy winner, 31, told USA TODAY she had been looking forward to getting breast implants since she was a teenager, but pregnancy and two C-sections intensified the desire.
“It was tough to look at my body,” she said at the time. “I’m always singing about loving myself, and it got harder and harder with all the scars and stretch marks. And then after losing weight, too, these boobs were just purely empty, just flat and just felt like skin on my body.”
Likewise, rugby champion Ilona Maher has used her platform to become a revolutionary body-positive activist and an inspiration for younger generations of women and athletes.
Williams says it’s important to teach people to be confident at any size, like she tries to be.
“The size I was before, there was nothing wrong with it. It’s just not what I wanted to have,” she clarified. “I just knew that I wanted to be where I personally felt comfortable.”
“Weight loss should never really change your self image,” she said. “Women often experience judgment about their bodies at any size, and I’m no stranger to that. So I feel like you should love yourself at any size and any look.”
While the rise of GLP-1s brings a myriad of valid concerns − such as its contribution to disordered eating and promotion of thinness as the ideal body type − Williams’ outspokenness is a crucial, balanced example of healthy and transparent GLP-1 usage.
Celebrities should be transparent about their weight loss
We’re not just in a period of rapid, GLP-1 induced weight loss, we’ve also entered the “undetectable era” of plastic surgery. Cosmetic procedures and filler are no longer obvious on celebrities’ faces, rather more celebrities simply look like they haven’t aged.
Mental health experts agree that celebrities sharing what work they’ve had done, or how they’ve gone about transformative weight loss journeys, can help fans maintain healthy, realistic beauty standards. The undetectable era may bring less transparency − making it more crucial than ever for people to stop comparing their looks to celebrities’.
‘It may establish an unattainable ideal, and I think that the more we get comfortable with who we are, the less that becomes an issue,’ psychotherapist Stephanie Sarkis previously told USA TODAY. ‘We tend to not compare ourselves with others when we are feeling OK about ourselves.’
Williams wants to have an ‘honest conversation’ about GLP-1s
While the drugs, which have skyrocketed in popularity and ripped through Hollywood, offered Williams the extra boost she needed, she told Vogue she was aware of how much of a stigma remained.
‘I’m not saying any of this lightly, which is why it’s so important to have an honest conversation about this topic,’ she said. ‘I’m the mom of two girls, and I wanted to be very honest about what I’m doing so they can always be the same with me and we can have an open relationship.’
The medications, which work by targeting certain hormones to suppress appetite, have made Williams feel ‘sexier’ and ‘more confident,’ she said. And as for those who say if you work hard enough in the gym, you won’t need the drugs, Williams says they’re misinformed.
‘Sometimes you need help. Your story is your story, and it’s okay to make that choice to do it if you want to,’ she told Vogue. ‘I did, and I’m really happy with it.’
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- The NFL documented 190 concussions in 2024, the lowest since the league began tracking them in 2015.
- The league attributes concussion decline to its new ‘dynamic kickoff’ rule and two other factors.
- The NFL also says unsportsmanlike gestures, including sexual ones, were up 133% in 2024. Reducing them is a point of emphasis in 2025.
The NFL conducted a video call with reporters Thursday in a bid to share updates on player health and safety along with the league’s game operations. And, boy, did the information provided run the gamut.
The good: The league is thrilled with the results of its ‘dynamic kickoff’ alterations and has permanently adopted the measure with further tweaks for 2025.
The better: Player concussions dropped to their lowest level – the 2020 season impacted by the COVID-19 pandemic, notwithstanding – since the league began tracking them in 2015.
The ugly: Players performing sexual gestures and other taunts during games rose 133% last season. (More on that later.)
NFL concussions are down, but why?
Jeff Miller, the league’s executive vice president in charge of player health and safety, revealed that 190 concussions were suffered by players in 2024 – that figure including preseason, regular season and postseason games along with practices. That represented a decrease from 227 in 2023. Over the previous 10 seasons, the high-water mark was 291 in 2017. (There were 178 in 2020 during the pandemic. The league canceled preseason that year, had a virtual offseason and highly modified training camp that included extensive social distancing.)
Miller attributed the decline in concussions to increasingly safer helmets, the broader use of Guardian Caps in practice – players were also permitted to start wearing them in games in 2024 – and the implementation of the dynamic kickoff set-up, which precludes players from sprinting downfield and fueling dangerous collisions at top speed.
He noted that helmet technology has improved so much that some shells are safer on their own than older helmets covered by a Guardian Cap, the padded device players often wear to reduce concussive hits. In collaboration with the NFL Players Association, the league is hoping to convince roughly 30% of its players to transition into the highest-performing helmets.
Seven older models were outlawed this season. Pittsburgh Steelers quarterback Aaron Rodgers is among the players who have been forced to don a newer, safer helmet, and he hasn’t been shy about sharing his complaints.
‘Dynamic kickoff’ here to stay
After installing the new format last year, the league has moved to its new kickoff architecture permanently. Previously, the kickoff had been the game’s most dangerous play, Miller saying the injury and concussion rates spiking two- to fourfold compared to plays run from scrimmage. Injuries and concussions suffered on the dynamic kickoff, per Miller, had essentially become aligned with the risk level that occurs on plays from scrimmage.
There were other benefits from dynamic kickoff:
About one-third of kickoffs were returned last season after the figure had fallen to about one-fifth in 2023, when the league became concerned the play had basically become ceremonial. Super Bowl 58 between the Kansas City Chiefs and San Francisco 49ers included 13 kickoffs, none of them returned.
Fifty-nine returns covered at least 40 yards in 2024, the most since 2016. Seven returns resulted in touchdowns, the most since 2021.
Due to the frequently improved field position created by dynamic kickoffs, the punting rate also dropped 4.5% in 2024, which had the added benefit of reducing what had been the game’s second-most dangerous play, per Miller.
Touchbacks will be brought out to the 35-yard line this year (not the 30) in an attempt to provide further incentive for returns.
A team trailing in a game can also now declare an onside kick at any point. Last year, they could only be attempted by the trailing team in the fourth quarter.
Sportsmanship to be a point of emphasis in 2025
Back to those inappropriate gestures − the league doesn’t want to see them and plans to enforce its rules to curb their increasing occurrence.
“Sportsmanship is a point of emphasis and clarification for the players and the clubs this year,” said Walt Anderson, the league’s officiating rules analyst and formerly an NFL referee for 17 seasons.
“Our taunting was up about 55 percent last year. Unsportsmanlike gestures – whether they were either simulating or either shooting a gun or brandishing of a gun or inappropriate gestures like a throat slash or unfortunate sexual gestures that were made – those were up almost 133 percent.’
Former Seahawks star Marshawn Lynch became infamous for the commonly used sexual gesture, even performing it as an exclamation point during his legendary ‘Beast Quake’ touchdown run in Seattle during the 2010 playoffs.
“It’s just one of those areas that the league wants to work actively on. There are plenty of (other) ways for players to be able to celebrate,’ continued Anderson. ‘We want them to focus on those and not the inappropriate areas.”
Unsportsmanlike fouls result in 15-yard penalties on the field and can also result in fines, particularly for repeat offenders.
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Providence Gold Mines Inc. (“Providence” or the “Company”) announces that subject to Regulatory approval it has entered an option agreement to acquire the “La Dama de Oro Gold Property”. The property is a historical gold mine 100% owned by the Optionor, (” Mohave Gold Mining”), a private Company incorporated under the laws of the state of California.
Providence recently commissioned Ethos Geological Inc. of Bozeman MT to complete an NI 43 101 technical report, authored by Zachary Black, SME-RM acting as the Qualified Person under NI 43 101. The NI 43 101 technical report has been submitted for Exchange review and approval. A cautionary note: The property is at an early exploration stage and does not have sufficient data for a mineral resource.
The La Dama de Oro Property is situated in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural history of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.
The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration, with the potential for additional undiscovered veins along the fault system. The property has an approved exploration permit that includes a bulk sample.
The Option entitles the Company the right to purchase 100% of the La Dama de Oro Gold Property under the following terms:
YEAR 1
Within 15 days of Regulatory approval the Company shall issue 2,000,000 common shares from treasury and incur $20,000 in expenditures within 12 months of the effective date.
YEAR 2
The Company shall issue an additional 2,000,000 common shares from treasury and incur $250,000 in expenditures before the second-year anniversary of the effective date
YEAR 3
The Company shall issue an additional 500,000 common shares from treasury and incur a further $250,000 in expenditures before the third-year anniversary date of the effective date
YEAR 4
The Company shall incur an additional $250,000 expenditures before the fourth-year anniversary of the effective date
Ronald A. Coombes, President & CEO of Providence commented; “The best place to explore for gold is where gold is, with the rich historical history of past gold production at the La Dama de Oro mine there remains very good discovery potential”.
The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.
For more information, please contact Ronald Coombes, President, and CEO of the Company.
Ronald A. Coombes, President & CE
Phone: 604 724 2369
roombes@providencegold.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither the OTCQB and or 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.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement.
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Privately owned Rare Earths Americas (REA) has formed in a bid to explore and develop high-grade rare earths assets in the US and Brazil, looking to consolidate supply chains for various domestic sectors.
The company, which raised AU$25 million in a private funding round, said it combines experienced operators and investors with “deep expertise across global mining, energy and critical materials.”
Included in the company’s portfolio is the Foothills discovery, located in Georgia, US.
The site contains grades of up to 41.3 percent total rare earth oxides, including heavy rare earths crucial for high-performance magnets. REA has highlighted its strong logistics, low-cost power and streamlined path to permitting.
In Brazil, the Alpha and Constellation projects hold more than 1 billion metric tons of high-grade ionic clay rare earths mineralization, including dysprosium and terbium, which are essential for permanent magnets.
The Homer project, also located in Brazil, targets multiple carbonatite clusters with the potential for niobium discoveries in a region known for leading niobium mines.
“The rare earths market is undergoing a generational shift as the West races to secure its rare earths future,” said CEO Donald Swartz in a Monday (August 18) press release.
REA’s timing aligns with broader US efforts to reduce reliance on China, which currently controls nearly 70 percent of global rare earths processing and accounts for most heavy rare earths production.
In April, Beijing restricted shipments of seven rare earths to the US and other countries, prompting concern among automakers and defense contractors dependent on these materials.
The US government recently proposed a pricing support mechanism for domestic rare earths ventures in order to increase production and mitigate China’s influence.
Discussions last month, led by former White House Trade Advisor Peter Navarro and National Security Council official David Copley, included rare earths producers and major tech firms reliant on these critical minerals.
China’s dominance stems from billions of dollars invested in mining and processing since 2000, often with minimal environmental or safety oversight, allowing the country to produce rare earths at lower cost than western competitors.
The US response to the Asian nation’s rare earths stranglehold has included efforts to develop domestic mine supply and build out refinement, processing and production capacity. American companies have also sought to secure alternative sources in Africa and Latin America, but investment and technology barriers remain significant.
Mountain Pass in California, the country’s only large-scale rare earths mine, produces bastnaesite carbonate, but relies heavily on foreign processing. MP Materials (NYSE:MP), the mine’s operator, posted a net loss of US$65.4 million in 2024, highlighting the challenge of competing with China’s low-cost production model.
REA’s launch positions it as a potential strategic player in this evolving landscape.
According to the company, the Foothills project offers a “streamlined permitting pathway” in the US, while the Alpha and Constellation projects in Brazil provide access to large-scale, high-grade heavy rare earths.
“With grade and strategic geography on our side, we intend to advance our rare earths projects to support the long-term supply of critical materials essential to domestic innovation,” Swartz added.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has submitted applications to place two of its flagship copper projects in Argentina under a new investment regime.
The Switzerland-based firm is seeking to include the El Pachón deposit in San Juan and the Agua Rica deposit in Catamarca under Argentina’s recently introduced Incentive Regime for Large Investments (RIGI).
Together, the two projects represent a planned capital investment of about US$13.5 billion over the next decade — US$9.5 billion for El Pachón and US$4 billion for Agua Rica.
Both sites would benefit from a long-term economic framework with enhanced investor protections under the RIGI program, which the administration of President Javier Milei launched this year to attract foreign investment.
“President Milei and his administration must be credited for introducing the RIGI. This framework has changed the investment landscape in Argentina, providing a key catalyst to attract major foreign investment to the country,” Glencore CEO Gary Nagle said in the company’s announcement on Monday (August 18).
“The RIGI provides a key platform for the development of Argentina’s significant natural resource endowment,’ added Martín Pérez de Solay, CEO of Glencore Argentina.
‘I am confident that the mining sector can be a major contributor to the Argentinian economy with the El Pachón and Agua Rica projects supporting the country’s ambition to become one of the world’s leading copper producers.”
El Pachón is a large-scale copper and molybdenum deposit with estimated resources of about 6 billion metric tons (MT) of ore averaging 0.43 percent copper, 2.2 grams per MT silver and 130 grams per MT molybdenum.
For its part, Agua Rica hosts roughly 1.2 billion MT of ore with average grades of 0.47 percent copper, 0.2 grams per MT gold, 3.4 grams per MT silver and 0.03 percent molybdenum. Ore from Agua Rica would be processed at the existing Alumbrera facilities, located 35 kilometers away, through the MARA project framework.
The scale of Glencore’s expansion comes amid a broader strategic race among western producers to secure supplies of critical minerals needed for clean energy technologies, electric vehicles and defense applications. Copper in particular is considered vital to global electrification, and analysts warn that rising demand could soon outstrip supply.
US enforcement shift on Chinese metals
On Tuesday (August 19), the US Department of Homeland Security announced that imports of Chinese steel, copper and lithium will be targeted for “high-priority enforcement” under the Uyghur Forced Labor Prevention Act, a law restricting goods linked to alleged human rights abuses in China’s Xinjiang region.
America has a moral, economic, and national security duty to eradicate threats that endanger our nation’s prosperity, including unfair trade practices that disadvantage the American people and stifle our economic growth. The Trump administration is taking action.
The use of… https://t.co/cuSlPkW1ab
— Secretary Kristi Noem (@Sec_Noem) August 19, 2025
“The use of slave labor is repulsive and we will hold Chinese companies accountable for abuses and eliminate threats its forced labor practices pose to our prosperity,” Homeland Security Secretary Kristi Noem said in a post on X.
US officials say the Xinjiang region hosts state-run internment camps where Uyghurs and other minority groups are subject to forced labor. Beijing has consistently denied the allegations, dismissing them as politically motivated.
The announcement expands Washington’s campaign to scrutinize goods with ties to Xinjiang, which has already affected solar panels, cotton and other commodities. The new focus on copper and lithium marks a significant escalation given both metals’ central role in renewable energy and battery production.
Global supply chains in flux
Together, Glencore’s Argentine projects and Washington’s enforcement measures highlight how critical minerals are becoming increasingly entangled with geopolitics.
China processes about 70 percent of the world’s rare earths and controls a major share of global copper and lithium refining capacity. Western governments are trying to diversify away from Chinese supply chains amid rising tensions.
Argentina, with its vast mineral reserves, has emerged as a key player in this strategy. The country is already a major producer of lithium and is positioning itself as a copper hub through projects like Glencore’s expansion.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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