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A sports power couple will be welcoming a new addition to the family.

USWNT star forward Mallory Swanson and Chicago Cubs shortstop Dansby Swanson announced on Instagram that they are expecting their first child.

‘Our greatest blessing,’ the caption reads.

The athletic couple have been dating since 2017 and were married in 2022. Mallory Swanson is coming off a stellar 2024 in which she played a key role on the USWNT team that won gold at the 2024 Paris Olympics, as she scored game-winning goal in the gold medal match against Brazil. It also was her 100th cap with the national team.

A member of Chicago Stars FC in the NWSL, Swanson hasn’t played this season as she missed the season opener due to personal reasons. Now with the pregnancy, it is unlikely Swanson will play this year.

Dansby Swanson is batting .236 with seven home runs and 20 RBI as Chicago is 22-16 and in first place of the NL Central.

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WASHINGTON – It is the kind of turnaround any ballplayer dreads, a most extreme version of the day game after a night game, and the Cleveland Guardians’ clubhouse reflected that harsh reality Wednesday morning.

The Guardians played 18 innings the day before, finishing off a doubleheader around 9:30 Tuesday night, only to be greeted by a noon start to finish the series and cap a span of 22 games in 23 days. Classic rock plays gently on the speakers and Gatorade cups are filled with coffee, the better to summon whatever energy to get through this necessary evil of a 162-game schedule.

In another year not too long ago, Carlos Santana would have his own setup, a coffeemaker that produced the good stuff, befitting a ballplayer who hails from the Dominican Republic hometown from which Café Santo Domingo draws its name.

But Santana is 39 years old, and coffee is no longer in the equation.

He is now the second-oldest position player in Major League Baseball, and surviving the game’s rigors comes with sacrifice. And preparation. And discipline.

It is why he has a personal chef at his disposal, both for homestands in Cleveland and at his Tampa home in the off-season. And spends time atop the massage table before and after every game.

And, in a sacrifice that stung, left his coffeemaker behind and cut his caffeine intake to virtually nothing.

“Last year, I quit. And my body feels good,” Santana tells USA TODAY Sports. “It was tough. It’s hard, everybody knows, at my age.

“People have retired. But I’m keeping on.”

He’s not just keeping on: Santana salvaged a split for the Guardians in that doubleheader the night before, crushing a three-run home run to ensure their 9-1 victory. He had four hits in nine at-bats over those 18 innings – and was in the lineup once again at first base the next morning.

He played savior for the second time in less than 18 hours, erasing a 3-0, sixth-inning deficit with a bases-clearing double off Washington Nationals starter Michael Soroka to rouse the Guardians from their afternoon slumber. It was the key blow in an eight-run inning and the Guardians went on to an 8-6 victory Wednesday.

Hey, the Guardians aren’t paying him $12 million this season to sit. Santana has four homers and 16 RBI as he begins a third tour of duty with Cleveland.

Technically, he’s played for eight teams. But Cleveland was where it began at the big league level for Santana, way back in 2010, an eight-year run during which he hit 174 home runs and helped Cleveland to Game 7 of the World Series and, now that Michael Brantley has retired, outlasted all the position players from a debut squad with several guys worth remembering.

With Carlos Carrasco’s designation for assignment by the Yankees, Santana’s the last man standing from that team. Only Justin Turner, the Chicago Cubs’ 40-year-old DH, is older among position players across the big leagues.

And many of his current teammates were in grade school when Santana first stepped on a major league diamond.

“First and foremost, he’s just a professional,” says Guardians All-Star outfielder Steven Kwan, a sixth-grader when Santana debuted. “Takes care of his body, does everything right. He’s very vocal about what he does in the weight room, off the field. He doesn’t drink, makes sure he eats the right things, gets full sleep.

“I think it’s a really cool role model for a lot of us young guys. It shows if you want to play in this game a long time, this is what it looks like. There’s no secrets. Just all the stuff that’s been hammered into us at a really young age.”

It’s a role Santana takes seriously, particularly given the makeup of the Guardians’ roster.

‘You think you know everything’

More than one-quarter of Cleveland’s roster hails from the Dominican, including franchise player Jose Ramirez, All-Star closer Emmanuel Clase and charismatic outfielder Jhonkensy “Big Christmas” Noel.

Beyond being a familiar face and comforting voice from home, Santana tries to hammer home that nothing in this game is permanent.

In turn, his half-dozen Dominican teammates – ranging in age from 23 to 32 – keep Santana feeling spry.

“I try to help the Dominicans,” he says. “They follow me. They ask so many questions, asking why I play for a long time and look good. I feel like a kid. I feel like a younger guy when I’m playing with them.

“When you’re younger, you think that you know everything. You think, at the time, it’s never coming to an end. I remember that when I was 23 years old. I thought I knew everything.”

At this point, there’s not much Santana hasn’t done. He’s hit 328 career home runs, and his stellar .353 career on-base percentage and .783 OPS ensures his phone in Tampa will ring each winter.

His notorious plate discipline is still there: Santana averages 4.11 pitches per plate appearance, just off the 4.15 for his career, nearly 8% higher than the MLB average during that time.

‘It’s always really important to have that veteran presence in the middle of the lineup, especially with how he takes his ABs – not necessarily the outcome but the approach, and that sets the tone for the whole lineup,’ says infielder Gabriel Arias, who had a career-high four hits Wednesday. ‘Our lineup gets a lot better when you see that type of veteran presence.’

Santana endured an 0-for-25 stretch last month and survived, now on an 11-for-35 run while reaching base each of the past 11 games. The Guardians – surprise winners of the AL Central a year ago – have flourished in that period, too, winning seven of 10 games to improve to 22-15.

‘We really feel like he’s starting to come into his own right now, and we’re seeing the ‘los who has 16 years in the big leagues,’ says Guardians manager Stephen Vogt. ‘He’s a great player, consistent, and we’re really excited how he’s starting to swing the bat.’

 Santana is embarking on a quest for his seventh postseason appearance, and winning the final game of the season is one of the few things he hasn’t seen in this career.

‘An open book’

The man who once smashed a clubhouse TV to better focus his video game-playing teammates is perhaps a little more mellow now, or perhaps simply surrounded by professionalism.

He speaks freely of his baseball past, not in a “back in my day” fashion but rather imparting what he’s picked up through a vast array of diamond experience.

“It’s the stories he tells about different teammates and the places he’s been,” says Kwan. “He loves sharing them, and I appreciate that. With veterans like that, I’m a little sheepish to ask them for their secrets.

“But he’s an open book. I think that’s why he’s so beloved across the league.”

And perhaps that’s why Santana keeps coming back. Sure, a beloved personality helps, but simplicity in his off hours probably matters more.

It sounds so easy: “Drink a lot of water, sleep well,” he says. “That keeps me playing.”

Eight hours a night. An hour nap when the Guardians are at home. And above all, listening to a body that has served him well: Santana has spent just 31 days on the injured list since the start of the 2011 season.

That’s a model the youngsters can appreciate – especially when he’s still winning them games, and answering the bell, just a month after turning 39.

“He takes into account, too, that when you’re younger you’re going to fail and rely on your body to bounce back,” says Kwan. “As he’s had years in the league, he’s picked up things here and there and it’s culminated in where he is now.”

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When Mikko Rantanen takes over a game, he takes over a game.

Rantanen continued his hot streak Wednesday when he scored a second-period hat trick in the Dallas Stars’ 3-2 victory in Game 1 against the Winnipeg Jets. That ended the Stars’ streak of losing Game 1 in eight consecutive series.

He already became the first player in NHL history to record four-point periods in back-to-back games in Games 6 and 7 against the Colorado Avalanche. His Game 7 hat trick in the third period helped Dallas overcome a 2-0 deficit and knock off his former team.

By the time he scored his third goal on Wednesday, he had a hand in 12 consecutive Stars goals, an NHL playoff record. He’s also the first NHL player with multiple three-goal periods in the same postseason.

His Game 1 hat trick couldn’t have been more varied.

Rantanen, who was being double-shifted, poked a rebound into the net with one hand on his stick while he was being knocked down. That tied the game at 8:43.

He tipped in a Thomas Harley shot at 14:21 for a 2-1 lead. The third goal was a fluke when his pass attempt banked in off Jets defenseman Dylan Samberg at 16:38.

But when you’re hot, those things happen.

‘Let’s see how long he can run this for,’ Stars coach Peter DeBoer said. ‘He’s rolling and he’s feeling it. Pretty impressive what he’s doing, considering the opponent and the time of year and how he’s dominating games.’

Rantanen, nicknamed Moose, is known for his size, shot and skating, plus his playoff prowess. He had 101 points in 81 playoff games with the Avalanche before they shockingly traded him to the Carolina Hurricanes in January. The Hurricanes, worried they wouldn’t be able to re-sign him, dealt him to Dallas on trade deadline day and he signed an extension there to play alongside the Stars’ stable of Finnish players.

With the hat trick, Rantanen leads the NHL with eight playoff goals, passing Colorado’s Nathan MacKinnon, who’s out of the playoffs.

(This story has been updated with new information.)

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The second round of the 2025 NBA playoffs had gotten off to a surprising start to say the least..

After seeing all four first-round series go as expected, the Eastern Conference has been turned upside down with the heavy favorites – the Cleveland Cavaliers and Boston Celtics – losing the first two games on their home courts. Now, the New York Knicks, and Indiana Pacers have a golden opportunity to pull off major upsets.

Out West, both lower-seeded teams also won the opening game of their series on the road. The No. 1 seed Oklahoma City Thunder and No. 6 Minnesota Timberwolves both face tougher roads now in their matchups with the No. 5 Denver Nuggets and No. 7 Golden State Warriors.

Here’s the complete NBA playoffs schedule, including results in the first round and broadcast information:

NBA bracket: Playoff schedule, scores and results

The conference semifinals are underway, potentially running through May 19.

All times Eastern. *-if necessary

Eastern Conference

(1) Cleveland Cavaliers vs. (4) Indiana Pacers

Pacers lead series 2-0

  • Game 1: Pacers 121, Cavaliers 112
  • Game 2: Pacers 120, Cavaliers 119
  • Game 3: Cavaliers at Pacers | Friday, May 9, 7:30 p.m. | ESPN
  • Game 4: Cavaliers at Pacers | Sunday, May 11, 8 p.m. | TNT
  • Game 5: Pacers at Cavaliers | Tuesday, May 13, TBD | TNT*
  • Game 6: Cavaliers at Pacers | Thursday, May 15, TBD | ESPN*
  • Game 7: Pacers at Cavaliers | Sunday, May 18, TBD | TBD*

(2) Boston Celtics vs. (3) New York Knicks

Knicks lead series 2-0

  • Game 1: Knicks 108, Celtics 105 (OT)
  • Game 2: Knicks 91, Celtics 90
  • Game 3: Celtics at Knicks | Saturday, May 10, 3:30 p.m. | ABC
  • Game 4: Celtics at Knicks | Monday, May 12, 7:30 p.m. | ESPN
  • Game 5: Knicks at Celtics | Wednesday, May 14, TBD | TNT*
  • Game 6: Celtics at Knicks | Friday, May 16, 8 p.m. | ESPN*
  • Game 7: Knicks at Celtics | Monday, May 19, 8 p.m. | TNT*

Western Conference

(1) Oklahoma City Thunder vs. (5) Denver Nuggets

Series tied 1-1

  • Game 1: Nuggets 121, Thunder 119
  • Game 2: Thunder 149, Nuggets 106
  • Game 3: Thunder at Nuggets | Friday, May 9, 10 p.m. | ESPN
  • Game 4: Thunder at Nuggets | Sunday, May 11, 3:30 p.m. | ABC
  • Game 5: Nuggets at Thunder | Tuesday, May 13, TBD | TNT
  • Game 6: Thunder at Nuggets | Thursday, May 15, TBD | ESPN*
  • Game 7: Nuggets at Thunder | Sunday, May 18, TBD | TBD*

(6) Minnesota Timberwolves vs. (7) Golden State Warriors

Warriors lead series 1-0

  • Game 1: Warriors 99, Timberwolves 88
  • Game 2: Warriors at Timberwolves | Thursday, May 8, 8:30 p.m. | TNT
  • Game 3: Timberwolves at Warriors | Saturday, May 10, 8:30 p.m. | ABC
  • Game 4: Timberwolves at Warriors | Monday, May 12, 10 p.m. | ESPN
  • Game 5: Warriors at Timberwolves | Wednesday, May 14 TBD | TNT*
  • Game 6: Timberwolves at Warriors | Sunday, May 18 TBD | TBD*
  • Game 7: Warriors at Timberwolves | Tuesday, May 20, 8:30 p.m. | ESPN*

Conference finals

All times Eastern. *-if necessary

Eastern Conference

(Series start could move up to May 19)

  • Game 1, May 21: TNT, 8 p.m.
  • Game 2, May 23: TNT, 8 p.m.
  • Game 3, May 25: TNT, 8 p.m.
  • Game 4, May 27: TNT, 8 p.m.
  • Game 5, May 29: TNT, 8 p.m.*
  • Game 6, May 31: TNT, 8 p.m.*
  • Game 7, June 2: TNT, 8 p.m.*

Western Conference

(Series start could move up to May 18)

  • Game 1, May 20: ESPN, 8:30 p.m.
  • Game 2, May 22: ESPN, 8:30 p.m.
  • Game 3, May 24: ABC, 8:30 p.m.
  • Game 4May 26: ESPN, 8:30 p.m.
  • Game 5, May 28: ESPN, 8:30 p.m.*
  • Game 6, May 30: ESPN, 8:30 p.m.*
  • Game 7, June 1: ESPN, 8 p.m.*

2025 NBA Finals schedule

*-if necessary

  • Game 1, June 5: ABC
  • Game 2, June 8: ABC
  • Game 3, June 11: ABC
  • Game 4, June 13: ABC
  • Game 5, June 16: ABC*
  • Game 6, June 19: ABC*
  • Game 7, June 22: ABC*

First-round NBA playoff results

Eastern Conference

(1) Cleveland Cavaliers vs. (8) Miami Heat

Cavaliers win series 4-0

  • Game 1: Cavaliers 121, Heat 100
  • Game 2: Cavaliers 121, Heat 112
  • Game 3: Cavaliers 124, Heat 87
  • Game 4: Cavaliers 138, Heat 83

(2) Boston Celtics vs. (7) Orlando Magic

Celtics win series 4-1

  • Game 1: Celtics 103, Magic 86
  • Game 2: Celtics 109, Magic 100
  • Game 3: Magic 95, Celtics 93
  • Game 4: Celtics 107, Magic 98
  • Game 5: Celtics 120, Magic 89

(3) New York Knicks vs. (6) Detroit Pistons

Knicks win series 4-2

  • Game 1: Knicks 123, Pistons 112
  • Game 2: Pistons 100, Knicks 94
  • Game 3: Knicks 118, Pistons 116
  • Game 4: Knicks 94, Pistons 93
  • Game 5: Pistons 106, Knicks 103
  • Game 6: Knicks 116, Pistons 113

(4) Indiana Pacers vs. (5) Milwaukee Bucks

Pacers win series 4-1

  • Game 1: Pacers 117, Bucks 98
  • Game 2: Pacers 123, Bucks 115
  • Game 3: Bucks 117, Pacers 107
  • Game 4: Pacers 129, Bucks 103
  • Game 5: Pacers 119, Bucks 118 (OT)

Western Conference

(1) Oklahoma City Thunder vs. (8) Memphis Grizzlies

Thunder win series 4-0

  • Game 1: Thunder 131, Grizzles 80
  • Game 2: Thunder 118, Grizzlies 99
  • Game 3: Thunder 114, Grizzlies 108
  • Game 4: Thunder 117, Grizzlies 115

(2) Houston Rockets vs. (7) Golden State Warriors

Warriors win series 4-3

  • Game 1: Warriors 95, Rockets 85
  • Game 2: Rockets 109, Warriors 94
  • Game 3: Warriors 104, Rockets 93
  • Game 4: Warriors 109, Rockets 106
  • Game 5: Rockets 131, Warriors 116
  • Game 6: Rockets 115, Warriors 107
  • Game 7: Warriors 103, Rockets 89

(3) Los Angeles Lakers vs. (6) Minnesota Timberwolves

Timberwolves win series 4-1

  • Game 1: Timberwolves 117, Lakers 95
  • Game 2: Lakers 94, Timberwolves 85
  • Game 3: Timberwolves 116, Lakers 104
  • Game 4: Timberwolves 116, Lakers 113
  • Game 5: Timberwolves 103, Lakers 96

(4) Denver Nuggets vs. (5) Los Angeles Clippers

Nuggets win series 4-3

  • Game 1: Nuggets 112, Clippers 110
  • Game 2: Clippers 105, Nuggets 102
  • Game 3: Clippers 117, Nuggets 83
  • Game 4: Nuggets 101, Clippers 99
  • Game 5: Nuggets 131, Clippers 115
  • Game 6: Clippers 111, Nuggets 105
  • Game 7: Nuggets 120, Clippers 101
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Lawyers involved in the proposed settlement of three athlete-compensation antitrust cases against the NCAA and the Power Five conferences said in filings on May 7 that they have addressed the concern a federal judge had said was preventing her from granting final approval.

The issue involves roster limits that had been set to go into effect immediately as part of the agreement. On April 23, U.S. District Judge Claudia Wilken said that the immediate implementation of sport-by-sport roster limits made the proposed settlement “not fair” because thousands of athletes who are supposed to be benefiting from the deal stood to lose their places on teams after the current school year.

Wilken gave the sides two weeks to address her concerns, and in a new filing, the plaintiffs’ lawyers wrote that they and the NCAA have agreed to an arrangement under which: “any athlete who would have lost their roster spot (or a promised roster spot) for the 2025-2026 academic year due to the immediate implementation of roster limits will be exempt from any roster limits at any Division I institution, for the duration of their college athletics careers.”

This does not remove the roster limits from the settlement. And this would not require schools to keep all of their current athletes on their rosters. However, it would give schools the option to keep any athlete who was on a roster in 2024-25 and who has been or would have been removed for 2025-26 because of the limits. It also lets schools accommodate any high school senior who was ‘recruited to be, or was assured they would be’ on a Division I school’s roster for the 2025-26 school year.

Lawyers for the NCAA wrote that ‘there are no guarantees’ that these athletes ‘will get or maintain roster spots. But that does not adversely affect any’ athlete, the NCAA said, because athletes’ roster spots always have been ‘at the discretion of the coach’ and the school.

However, Steve Molo, a lawyer for a group of objectors, said in a statement on the night of May 7 that the ‘proposed mushy modification doesn’t go far enough. Many, many student athletes have had something taken away from them. The fight will continue.”

Laura Reathaford, another lawyer for an objector, told USA TODAY Sports she will be filing a separate brief.

In apparent anticipation of this, lawyers for the NCAA wrote: ‘To the extent the Objectors want more, e.g., guaranteed roster spots or years of delay in imposing roster limits, Defendants respectfully submit they are overreaching’ and they provided a series of arguments defending the new proposal. Some were based on legal reasoning connnected to the antitrust standard that a settlement must be fair, reasonable and adequate. Others were based athletic department operational issues.

In her order two weeks ago, Wilken asked that Reathaford, Molo and another lawyer for objectors be included in discussions about revisions to the roster limits that also were included a mediator and lawyers for the plaintiffs, the NCAA and the Power Five conferences.

On the night of May 7, Wilken said in an order that each of these three lawyers can file responses by May 13, and that the plaintiffs and the NCAA and conferences can file replies by May 16.

In that order, Wilken also wrote that she was inclined to approve the rest of the deal over a variety of other objections. That means she already was otherwise prepared to accept an arrangement under which $2.8 billion in damages would be paid to current and former athletes — and their lawyers — over 10 years, and Division I schools would be able to start paying athletes directly for use of their name, image and likeness (NIL), subject to a per-school cap that would increase over time and be based on a percentage of certain athletics revenues.

For any school that would be making direct NIL payments to athletes, the roster limits were to take effect on July 1 alongside an end to the NCAA’s existing system of sport-by-sport scholarship limits for any such school. However, during a final-approval hearing on April 7, Wilken asked for several smaller changes to the proposed settlement and strongly suggested a system of phased-in implementation of the roster limits after a number of lawyers and scores of athletes and parents — some in emotional and personal written pleas — had asked her to consider such a solution.

On April 14, the principals submitted a revised version of the deal that did not include changes to the roster limits. Wilken refused to approve it, though she gave them another chance while also setting a case-scheduling order that would begin to move the case toward a trial date that was left unspecified.

Lawyers for the NCAA wrote that the new approach to roster limits “restores the pre-settlement status quo for (the affected athletes) so that they will not lose roster spots ‘because of’ the roster limits. That eliminates, beyond any doubt, any remaining question as to whether the settlement is fair and reasonable’ for athletes ‘as a whole.”

To make this operational, the lawyers for the plaintiffs wrote, within 30 days of final approval, schools would be “required to use good-faith efforts” to identify athletes who would have lost roster spots in 2025-26 because of the limits – those who are being called “Designated Student-Athletes.” And the plaintiffs’ lawyers will have the right to note additional athletes “who should have been identified” in that manner.

The plaintiffs’ lawyers also wrote that any athlete who ‘transferred or is scheduled to transfer because they were told that they would be removed from a roster in 2025-2026 due to the implementation of roster limits, nothing in the NCAA rules … will restrict schools from allowing that athlete to transfer back to — or rescind their decision to transfer from — their original school.’

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Trump’s latest Hollywood “hit” isn’t the kind you stream.

Threatening to slap a 100% tariff on films produced in foreign countries, the president’s announcement rattled several media stocks like Netflix, Inc. (NFLX), Walt Disney Co. (DIS), and others.

What makes the whole thing complicated is this:

  • No clear-cut definition of “foreign”: Many “American” films are shot abroad with foreign crews, locations, and studios.
  • Tax breaks abroad: Studios rely on international incentives to cut costs—think Marvel in the UK or Netflix in Korea (Squid Game).
  • Global revenues: Delivering content overseas boosts subscriptions.
  • Disruption to current projects: In-progress shoots and cross-border production deals could face sudden delays, cancellations, or financial penalties.
  • And last but not least, retaliation risk. Countries may hit back with tariffs or restrictions on U.S. films, hurting global revenues.

The result? A policy that aims to protect American film could end up undercutting it from every angle.

Which Media Stocks Are Still Worth Holding?

With Trump’s proposed 100% tariff and the looming threat of retaliation, you’re probably wondering: Which media stocks are still investable—and which ones are caught in the crossfire?

Let’s focus on the platforms that most Americans stream at home.

  • Netflix (NFLX) is the most exposed to Trump’s tariffs due to its heavy investment in international productions.
  • Disney (DIS) is most vulnerable both ways—to the U.S. tariff and international retaliation—in that over 60% of its box office revenue is international; plus, it operates theme parks in China, Hong Kong, Japan, and Europe.
  • Roku (ROKU) appears to be the least exposed, as it’s a content aggregator and not a producer. The bulk of its revenue comes from advertising, subscriptions, and platform fees, not from producing or exporting content.

NOTE: I’m excluding Amazon (AMZN) in favor of pure-play media entertainment stocks. While Amazon is not as exposed to foreign film tariffs, it’s exposed to the other tariffs.

First, how are these stocks performing relative to each other and the broader market (S&P 500)?

FIGURE 1. PERFCHARTS DISPLAYING THE RELATIVE PERFORMANCE OF ALL THREE STOCKS VS THE S&P. Netflix is far outpacing its two media peers.

Among these three, which stocks are currently the most investable—that is, which ones are showing favorable price action that could support a viable trading setup?

Netflix Technical Analysis: Uptrend Intact, But Caution Ahead

Let’s start with NFLX—the company most fundamentally exposed to the proposed tariffs on foreign-made films. Check out this daily chart.

FIGURE 2. DAILY CHART OF NFLX STOCK. No tariff fears are evident here as the stock continues its uptrend.

NFLX stock remains in a strong uptrend, with a StockCharts Technical Rank (SCTR) well above the 90-line, making it one of the top-performing large-cap stocks from a technical perspective. However, the Relative Strength Index (RSI) suggests the stock may be overbought, raising the possibility of a short-term pullback.

The  20-day Price Channel can help identify potential turning points since it highlights recent tops and bottoms. The green-shaded zone marks the first area of support, where a bounce may occur if the stock retreats in the coming sessions. If that level fails to hold, the red-shaded zone identifies a secondary support area aligned with the 200-day Simple Moving Average (SMA). A drop below this level without a strong rebound could signal a weakening of the current bullish trend.

Caution: Among the three stocks analyzed, Netflix appears to be most exposed to potential downside from Trump’s proposed tariffs on foreign-made films. Investors should remain cautious, as shifting geopolitical dynamics could alter the stock’s fundamental outlook and technical setup.

Now let’s take a look at Disney, a stock vulnerable to Trump’s proposed 100% tariffs on foreign-made films and the added threat of retaliatory tariffs from international markets.

Disney’s Recovery Potential Faces Global Headwinds

With a significant portion of its revenue coming from global box office sales and international theme parks, DIS stock is particularly sensitive to shifts in global trade policy. Take a look at this daily chart.

FIGURE 3. DAILY CHART OF DISNEY STOCK PRICE. Oof. Even if it recovers, will we see a breakout beyond the top range?

Disney is underperforming, and the key question is whether the stock is entering a potential recovery phase. The Full Stochastics Oscillator tends to mirror the stock’s cyclical movements well and suggests a possible short-term pullback.

If DIS holds above its most recent swing low support range (highlighted in red), the stock may attempt to retest the resistance area (highlighted in green), which aligns with the 200-day SMA and the most recent swing high.

One bullish signal to note: the Accumulation/Distribution Line (ADL) (shown in orange) is significantly above current price levels, suggesting that buying interest may be quietly building even while the stock trades near its lows. Is DIS a solid buy? Probably not at these levels. You will want to see a stronger indication (or confirmation) that DIS is recovering.

Also, note that DIS has been cycling the $80 to $125 range over the last three years. Unless you’re holding it as a dividend stock, there’s little indication yet that there’s going to be growth beyond this exceedingly wide range.

Is Roku Ready to Break Out, or Break Down?

Let’s analyze the daily chart of Roku.

FIGURE 4. DAILY CHART OF ROKU STOCK. It’s gearing for a breakout, but driven by what?

ROKU may be the least exposed to the proposed foreign film tariffs, but what’s going to drive it higher? Remember, the stock plunged in 2022–2024 due to falling ad revenue, widening losses, and a high-profile cybersecurity breach that shook investor confidence. Without a clear reason for a rebound, the stock may remain stuck.

The Chaikin Money Flow (CMF) is probably the most telling indicator here: buying and selling pressure are at a virtual standstill. There has to be a compelling catalyst to move the stock higher or lower. Still, ROKU appears to be rebounding from a technical standpoint, with overhead resistance levels at $71 and $82.

However, there needs to be something fundamental to validate this technical setup, especially if it turns bullish (like a break above resistance). So if for any reason you’re bullish on ROKU, monitor the fundamental side of this stock play. Right now, it doesn’t look very promising.

At the Close

Trump’s proposed tariff on foreign-made films has stirred up more than just Hollywood headlines; it’s forcing Wall Street to reassess risk across streaming and media stocks. Keep monitoring the technical, fundamental, and geopolitical factors. Don’t make any decisions until you see clear technical confirmation backed by a viable fundamental catalyst. And remember, geopolitical dynamics can still shift the conditions in an instant.


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 personal and financial situation, or without consulting a financial professional.

Copper prices are being pushed skyward as China’s stockpiles sit on the verge of depletion and as US demand for the red metal surges, fueled by looming trade restrictions under the Trump administration.

According to Mercuria, the market is undergoing “one of the greatest tightening shocks” in its history.

“At the current pace of draws, those Chinese inventories could deplete (to zero) by the middle of June,” Nicholas Snowdon, head of metals and mining research at the commodities trading house, told the Financial Times.

“Beijing had a razor-thin inventory buffer” to meet its soaring domestic demand, he added.

Copper inventories held in Chinese warehouses fell by a record 55,000 metric tons last week alone, sinking to just 116,800 metric tons. The sudden drawdown has placed further stress on a market that is already being strained by geopolitical tensions and a shift in long-term demand driven by clean energy initiatives and electrification.

The copper squeeze is being exacerbated by US buyers rushing to secure supply ahead of potential new tariffs.

US President Donald Trump has signaled that his administration is investigating “dumping and state-sponsored overproduction” of copper, echoing the rationale used for the imposition of 25 percent levies on steel and aluminum.

Copper futures prices on the Comex in New York have soared, rising 16.35 percent year-to-date to trade for US$4.69 per pound. The rally has been further buoyed by signs that China’s Ministry of Commerce is open to trade talks with the US — it has reportedly “taken note” of Washington’s signals and is evaluating the possibility of engagement.

As a result, inventories in Comex warehouses have surged to their highest levels since 2018.

The copper crunch is not confined to refined metal.

Analysts warn that Chinese access to copper scrap — a vital feedstock for its smelting industry — is also under threat from retaliatory trade measures and possible US export controls.

China relies heavily on imported scrap, and the US remains a key supplier. In 2024, the US exported 960,000 metric tons of copper scrap, nearly half of which went to China, according to data from Fastmarkets.

This year, exports are already trending lower: 142,000 metric tons were shipped in January and February, down from 149,000 metric tons in the same period last year. If the US imposes a ban on scrap exports or China imposes retaliatory import duties, the shortage in Asia’s largest economy could become even more acute.

Copper’s strategic role in the energy transition

Beyond short-term trade politics, copper is at the heart of a deeper structural transformation.

As the global economy pivots toward electrification and decarbonization, demand for the base metal is set to soar — despite advances in material efficiency and substitution.

During a recent webinar, Michael J. Finch, head of strategic initiatives at commodities price and data firm Benchmark Mineral Intelligence, noted that the accelerating deployment of electric vehicles (EVs), EV charging infrastructure and renewable energy sources is rapidly driving up copper intensity across energy systems.

“What … we can’t forget is, what are the requirements on the grid network? What are the requirements on power generation because of EVs, because of the charging infrastructure?” Finch said. He emphasized to attendees that while copper usage per EV has declined from around 100 kilograms in 2015 to about 68 to 70 kilograms today due to design optimizations and thrifting, total copper demand from the EV sector is still expected to rise sharply.

“We’re still looking at a market here … (of) over 5 million tonnes by 2040,” he said.

“That’s going to need a lot of charging infrastructure. That’s going to need a lot of grid upgrades. That’s going to need a lot of renewable power to be put in place,’ Finch added.

The overlapping dynamics of geopolitical uncertainty, rising protectionism and shifting energy priorities have created a volatile cocktail that could reshape global copper trade flows.

Efforts are underway in the US to take advantage of this shift. European copper producer Aurubis is investing 740 million euros in a new recycling facility in Richmond, Georgia, aimed at bolstering domestic supply. The plant, which is expected to be operational by the end of the fiscal year, will rely primarily on scrap sourced within the US.

Meanwhile, analysts are watching closely to see if the US and China can defuse trade tensions before they further destabilize a market that is already stretched thin.

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

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Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (‘Denarius Metals’ or the ‘Company’) announced today that it has signed a binding Letter of Intent with Quimbaya Gold Inc. (‘Quimbaya’) (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) establishing a 5050 joint venture aimed at formalizing existing small-scale mining operations located within Quimbaya’s Tahami Project which is located in the Segovia Gold District of Antioquia, Colombia, adjacent to the high-grade Segovia Operations owned by Aris Mining Corporation (‘Aris Mining’).

Serafino Iacono, Executive Chairman of Denarius Metals, commented, ‘We see this joint venture with Quimbaya as an opportunity to leverage our team’s considerable experience in exploration, mining and community relations in Colombia, particularly in the Segovia Gold District where we founded Gran Colombia Gold (now Aris Mining) and built the Segovia Operations into the largest underground gold producer in Colombia and one of the highest-grade underground gold producers globally. We are excited about the opportunity to develop near-term production and cash flow through the implementation of a formalized artisanal mining operation in partnership with Quimbaya and the local community.’

This collaboration seeks to integrate artisanal mining operations into a formalized structure to create mutually beneficial partnerships while supporting and empowering the host communities in the Tahami Project. Importantly, this initiative complements Quimbaya’s ongoing exploration efforts, including its planned 4,000-meter drilling campaign at Tahami South, by fostering stronger community relations and facilitating access to key areas. Both parties are working diligently to finalize a definitive agreement for the joint venture as soon as possible, subject to customary regulatory and corporate approvals. Key aspects of the joint venture include:

  • A 50/50 partnership between Zancudo Metals Corp., a wholly owned subsidiary of Denarius Metals and 100% owner of its Zancudo Project, and Quimbaya, where the costs and expenses will be split equally between both parties.
  • Joint development targeted on the Tahami South and Tahami North areas within the Tahami Project. Exploitation will focus on concessions SHO-08001, SE9-13331, LJQ-08001 and HHII-21 owned by Quimbaya.
  • The partnership aims to formalize current artisanal mining operations, leveraging the extensive experience of Denarius Metals’ management who have implemented successful models in the region. Denarius Metals will provide technical and financial support so that the artisanal miners can legalize their production within the mining legalization program.
  • Denarius Metals will also leverage its previous experience to support the processes related to obtaining mining and environmental licenses for the Quimbaya concessions.
  • Denarius Metals will lead the commercialization of production on behalf of the joint venture. Profits from all sales will be split equally between both parties.

About the Tahami Project

Located directly adjacent to and on trend with Aris Mining’s flagship Segovia Operations, the Tahami Project spans over 17,000 hectares across a district-scale vein system that shows analogies with the Segovia-Remedios Mining District, with historic artisanal activity and substantial exploration upside. The area is supported by existing infrastructure, a favorable mining jurisdiction and a strong tradition of gold production. Over 150 artisanal miners are actively producing gold on Quimbaya’s assets daily and over 25 historical mines have been identified within its assets.

Refer to Attachments 1, 2 and 3 for maps showing the location of the Tahami Project.

About Quimbaya

Quimbaya is a Canadian junior exploration company focused on discovering gold resources through the exploration and acquisition of mining properties in Colombia’s prolific mining districts. Quimbaya is actively advancing three projects in the Antioquia Province: the Tahami Project in Segovia, the Berrio Project in Puerto Berrio and the Maitamac Project in Abejorral. Managed by an experienced team with deep local knowledge, Quimbaya is committed to creating value for its shareholders through strategic exploration and development initiatives.

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol ‘DMET’. The Company also trades on the OTCQX Market in the United States under the symbol ‘DNRSF’.

In Colombia, Denarius Metals recently commenced mining operations at its 100%-owned Zancudo Project, a high-grade gold-silver deposit, which includes the historic producing Independencia mine, located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has recently been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’, which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including the finalization of definitive agreement for the joint venture with Quimbaya and receipt of regulatory and corporate approvals. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or variations (including negative variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption ‘Risk Factors’ in the Company’s Annual Information Form dated March 31, 2025 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:

Michael Davies
Chief Financial Officer
(416) 360-4653
investors@denariusmetals.com

Attachment 1: General Location Map of the Tahami Project in the Segovia Gold District of Antioquia, Colombia

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9396/251067_3f22dfd1e4ab187d_001full.jpg

Attachment 2: Location Map of the Tahami South Project, Adjacent to Aris Mining’s Segovia Operations

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9396/251067_3f22dfd1e4ab187d_002full.jpg

Attachment 3: Location Map of the Tahami North Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9396/251067_3f22dfd1e4ab187d_003full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251067

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Partnership with Leading Colombian Mining Group to Formalize Artisanal Mining Production and Accelerate Exploration

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya Gold’ or the ‘Company’) is pleased to announce the signing of a binding Letter of Intent with Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF), establishing a 50:50 joint venture aimed at formalizing existing small-scale mining operations located within the Company’s Tahami Project, located in the Segovia Gold District of Antioquia, Colombia.

This collaboration seeks to integrate artisanal mining operations into a formalized structure to create mutually beneficial partnerships while supporting and empowering the host communities. Importantly, this initiative complements Quimbaya’s ongoing exploration efforts, including its planned 4,000-meter drilling campaign at Tahami South, by fostering stronger community relations and facilitating access to key areas. Both parties are working diligently to finalize a definitive agreement as soon as possible, subject to customary regulatory and corporate approvals.

Joint Venture Highlights

  • 50:50 Production Partnership: Equal profit sharing between Quimbaya and Denarius (via Zancudo Metals Corp.). Denarius will provide technical and financial support so that the artisanal miners can legalize their production within the mining legalization program.

  • Joint development targeted on the Tahami South and Tahami North areas within the Tahami Project. Exploitation will focus on concessions SHO-08001, SE9-13331, LJQ-08001 and HHII-21 owned by Quimbaya.

  • Formalization of Existing Activities: The partnership aims to formalize current artisanal mining operations, aligning with successful models in the region.

  • Support for Exploration: By formalizing artisanal mining activities, the joint venture enhances community engagement, supporting Quimbaya’s ongoing drilling and exploration initiatives.

  • Upcoming Cash Flow Opportunity: Upon finalizing the definitive agreement, efforts will commence to generate cash flow from the existing small-scale mining operations.

  • Complementary Strategy: This joint venture complements Quimbaya’s exploration objectives, ensuring continued focus on making a high-grade discovery at Tahami.

Figure 1. Location map of the Tahami South Project, adjacent to Aris Gold’s Segovia mine.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/251048_6abcb253d488a8a7_001full.jpg

Strategic Importance

This agreement allows Quimbaya to tap into a proven model of success already active in the Segovia-Remedios Mining District (‘DMSR’ by its initials in Spanish), where formalized artisanal mining contributes to Aris Mining’s neighboring gold production. By partnering with Denarius – led by Serafino Iacono, a key figure behind the rise of Gran Colombia Gold (now Aris Mining), which was the largest underground gold and silver producer in Colombia for many decades and with current gold production of over 200,000 ounces per year from three main mines in the high-grade DMSR – Quimbaya gains access to a team with deep experience in turning artisanal mining into structured, profitable operations that benefit both communities and shareholders.

Figure 2. Location Map of the Tahami North Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/251048_6abcb253d488a8a7_002full.jpg

‘This is a pivotal step for Quimbaya,’ said Alexandre P. Boivin, President and CEO of Quimbaya Gold, ‘ as partnering with one of the most experienced exploration and mining teams in Colombia will not only allow Quimbaya to quickly leverage this existing opportunity, but also to deliver on our community objective of helping formalize artisanal miners, while we continue advancing our broader exploration and drilling plans to make a high-grade gold discovery on the Tahami South property.’

About the Tahami Project

Located adjacent to Aris Mining’s flagship Segovia Operations-one of the highest-grade underground gold producers globally-the Tahami Project spans over 17,000 hectares across a district-scale vein system that shows analogies with the DMSR, with historic artisanal activity and substantial exploration upside. The area is supported by existing infrastructure, a favorable mining jurisdiction, and a strong tradition of gold production.

Figure 3. General map of the Tahami Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/251048_6abcb253d488a8a7_003full.jpg

Qualified Person statement – Ricardo Sierra BSc. Geology, MAusIMM (3078246)

Quimbaya’s disclosure of technical and scientific information in this press release has been reviewed and approved by Ricardo Sierra (AusIMM), the Vice President Exploration for the Company, who is a Qualified Person as defined in National Instrument 43-101.

Completion of Corporate Continuance to British Columbia

The Continuance was approved by the shareholders of the Company at the annual general and special meeting of shareholders held on March 28, 2025 (the ‘Meeting’). The principal effects of the Continuance are set out in the management information circular for the Meeting dated February 14, 2025 (the ‘Circular’). Copies of the Circular and charter documents for the Continuance are available on SEDAR+ under the Company’s profile at www.sedarplus.ca.

About Quimbaya Gold Inc.

Quimbaya Gold Inc. is a Canadian junior exploration company focused on discovering gold resources through the exploration and acquisition of mining properties in Colombia’s prolific mining districts. The Company is actively advancing three projects in the Antioquia Province: the Tahami Project in Segovia, the Berrio Project in Puerto Berrio, and the Maitamac Project in Abejorral. Managed by an experienced team with deep local knowledge, Quimbaya is committed to creating value for its shareholders through strategic exploration and development initiatives.

Contact Information

Alexandre P. Boivin, President and CEO
apboivin@quimbayagold.com
+1-647-576-7135‎

Jason Frame, Manager of Communications
jason.frame@quimbayagold.com

Quimbaya Gold Inc.
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to: the joint venture will be completed on the terms set forth in the letter of intent, the parties will perform their obligations under the joint venture and the results of the joint venture will be as expected. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251048

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(TheNewswire)

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC, May 7, 2025 TheNewswire – Heritage Mining Ltd. (CSE: HML FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased announce results from its winter drill program at its flagship Drayton Black Lake (‘ DBL ‘) exploration project (Figure 1 and 2) in Sioux Lookout, Ontario.  The Company conducted scout drilling at the New Millennium orogenic gold target area utilizing its in-house drilling rig and team. The Company is also pleased to provide an update on its planned diamond drill program at the Zone 3 (DBL) Extension and Rognon Mine Area (Contact Bay) prospects.

Highlights:

  • Intersected multiple zones of strong gold mineralization in shallowly drilled holes (average 61m depth) at the New Millennium prospect, including HML25-003 (87m) which assayed 6m @ 1.05g/t gold, 3m @ 1.77g/t gold and 2m @ 1.78g/t gold (Table 1).

  • Broad zones of quartz veins were intersected in HML25-006, which assayed 13m @ 0.23g/t gold

  • Zone 3 Extension scout drill program commenced, and the first hole has been completed intersecting a granite cut by quartz – sulphide veins over broad intervals

  • Received additional drill permit for targets within the Rognon Mine Area

  • Secured a second drill rig for the diamond drill program at Zone 3 Extension and Rognon Mine Area, targets will be drilled simultaneously

‘These initial drill results from New Millennium are highly encouraging, considering the average hole depth is only 61 meters.  These scout holes confirm the presence of mineralized vein swarms and structures, validating historical high-grade surface samples.  We have also secured an additional diamond drill rig to fast track our exploration agenda drilling Zone 3 and Rognon Mine simultaneously. This, combined with receiving additional diamond drill permits at the Rognon Mine Area, truly unlocks our potential for discovery significantly ahead of schedule while maintaining established cost efficiencies. With additional financial support, we are in a strong position to advance our exploration initiatives heading into the summer. We look forward to communicating further results on our ongoing 2025 diamond drill exploration program utilizing our cost-effective exploration operations including in-house drilling team on current and additional targets being developed.’ Commented Peter Schloo, President, Director and CEO of Heritage.

The Company is also pleased to announce a non-brokered private placement consisting of 3,000,000 flow- flow-through units (‘ FT Units ‘) at a price of $0.05 per FT Unit for gross proceeds of C$150,000 to a strategic investor (the ‘ Offering ‘). Each FT Unit consists of one flow through common share (‘ FT Common Share ‘) and one Warrant (‘ FT Unit Warrant ‘) with each FT Unit Warrant entitling the holder to purchase one Common Share at an exercise price of $0.10 for a period of 60 months from issuance, subject to acceleration provisions. Each FT Common Share which will qualify as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada).

Closing of the Offering is expected to occur on or around May 14, 2025 (the ‘ Closing Date ‘).  The Offering is subject to all customary approvals. Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on its Drayton-Black Lake Project and Contact Bay and general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.


Click Image To View Full Size

Figure 1: Ontario Project Portfolio 2025 Diamond Drill Program


Click Image To View Full Size

Figure 2: DBL Project: TMI over Bedrock Geology

New Millennium 2025 Diamond Drill Program Overview

Nine drill holes for a total of 556 meters were completed from three drill pads along a 150-meter strike of this newly identified vein set within the New Millennium target area (Figure 2).  Dilling intersected multiple sets of mineralized veins (Table 1) and shear zones within an interpreted multi-deformation folded sequence (Figure 3).


Click Image To View Full Size

The Company is concurrently developing low-cost surficial exploration to advance the New Millennium target drill area (Figure 2 – inset map).  Key upcoming programs may include the stripping and trench sampling of known vein sets and high-resolution basal till sampling across interpreted fold noses.

Table 1: Significant assays for New Millennium 2025 winter scout drilling program

Hole_ID

Target

From

To

Au g/t

Length

Composite

HML25-003

New Millennium

18

20

1.78

2

2.0 m of 1.78 g/t Au

And

New Millennium

41

47

1.05

6

6.0 m of 1.05 g/t Au

And

New Millennium

71

74

1.77

3

3.0 m of 1.77 g/t Au

HML25-004

New Millennium

38

42

0.77

4

4.0 m of 0.77 g/t Au

HML25-006

New Millennium

52

65

0.23

13

13.0 m of 0.23 g/t Au

HML25-007

New Millennium

62.5

70.6

0.78

8.1

8.1 m of 0.78 g/t Au

Hole_ID

Target

From

To

Au g/t

Length

Composite

HML25-003

New Mellenium

18.0

20.0

1.78

2.0

2.0 m of 1.78 g/t Au

And

New Mellenium

41.0

47.0

1.05

6.0

6.0 m of 1.05 g/t Au

And

New Mellenium

71.0

74.0

1.77

3.0

3.0 m of 1.77 g/t Au

HML25-004

New Mellenium

38.0

42.0

0.77

4.0

4.0 m of 0.77 g/t Au

HML25-006

New Mellenium

52

65

0.23

13.0

13.0 m of 0.23 g/t Au

HML25-007

New Mellenium

62.5

70.6

0.78

8.1

8.1 m of 0.78 g/t Au

Note- Significant intervals for exploration drilling calculated using a 0.1 g/t Au cutoff, 2.0m minimum length and 3.0m maximum consecutive internal waste. High-grade intervals calculated using a 1.0 g/t Au cutoff, 3.0m minimum length and a 3.0m maximum consecutive

Zone 3 Extension

The 2024 drill program at Zone 3 Extension identified granite hosted mineralisation and features consistent with a magmatic source for the gold mineralisation. This opens the potential for more widespread mineralisation in the Heritage tenements, outside of the traditional focus which is on orogenic lode style mineralization in the volcanics. Dr. Gregg Morrison, consultant to HML, reviewed 2024 Zone 3 drill core, commenting that it has ‘demonstrated similarities to other deposits in the region, particularly to the 5.8Moz granite-hosted Hammond Reef Deposit of Agnico Eagle.’

The Company is currently scout drilling at Zone 3 Extension, testing along a linear mag-feature that is 2km long and up to 200m wide.    The first scout hole is completed and is considered a technical success, intersecting multiple zones of granite cut by broadly spaced, cm-scale quartz – pyrite – chalcopyrite veins (Figure 4).  Samples are currently being processed at our four-season core shack facility. Additional exploration programs for 2025 in this area are being considered including till sampling across structural controls to Zone 10 and east west from New Millennium to Split Lake Target areas as well as scout diamond drilling.


Click Image To View Full Size


Figure 4: HML25-010 Box 24 102.48m to 106.72m – Granite cut by quartz – sulphide veins

Rognon Mine – Contact Bay Project

The former Rognon/Wachman Mine produced 22.2 oz of gold and 0.5 oz of silver from 49 tons milled while in operation between 1916 and 1918 (Reference MLAS number MDI000000000779).  Development is reported to be a shaft 106 ft deep with 307 ft of lateral development on two levels, including a raise to surface from the first (50 ft) level.  There are surface indications that suggest the vein extends at least 750m in length (trenching, shafts, pits, historical mining) including five historical shafts (two production shafts and three exploration shafts).  Heritage plans to undertake a maiden scout drilling program to test this vein system along strike and at depth, drilling is expected to commence mid-May.

An additional permit has been received to drill geophysical anomaly believed to related to the old Rognon Mine (Figure 5). A drill program for ~2175m in eleven drill holes has been designed and budgeted for the Rognon Mine area that lies within Contact Bay Project (Figure 5).


Click Image To View Full Size

Figure 5: Planned Diamond Drill holes over UAV Mag inversion model (2024)

Qualified Person

Stephen Hughes P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

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