Tavi Costa, macro strategist at Crescat Capital, shares his thoughts on gold, including what could unleash the yellow metal’s next move higher.
He sees a ‘major collapse’ in the US dollar, saying a break in a key support line could boost gold.
Costa also shares his outlook for silver and copper.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce that it has entered into an agreement with Research Capital Corporation, to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Eventus Capital Corp. and Haywood Securities Inc., in connection with a brokered private placement (the ‘Offering’) of up to 20,000,000 units (each, a ‘Unit’) at a price of $0.70 per Unit, for aggregate gross proceeds of up to $14,000,000.
Each Unit will be comprised of one common share of the Company (a ‘Common Share‘) and one-half of one Common Share purchase warrant (each whole warrant, a ‘Warrant‘). Each whole Warrant shall be exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of 36 months from the closing of the Offering.
The Company intends to use the net proceeds of the Offering for further exploration work on the Company’s projects and for general working capital purposes.
In addition, the Company has granted the Agents an option (the ‘Agents’ Option‘) to increase the size of the Offering by up to $2,100,000 by giving written notice of the exercise of the Agent’s Option, or a part thereof, to the Company at any time up to 48 hours prior to closing of the Offering.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the Units are being offered for sale to purchasers resident in all provinces of Canada, except Quebec, in reliance on the ‘listed issuer financing exemption’ from the prospectus requirement available under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemptions (the ‘Listed Issuer Financing Exemption‘). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
There is an offering document (the ‘Offering Document‘) related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.silver47.ca. Prospective investors should read this Offering Document before making an investment decision.
The Company expects to close the Offering on or about September 16, 2025, or such other date as mutually agreed by the Company and the Agents. The Offering remains subject to the satisfaction of certain conditions including the receipt of all necessary regulatory approvals, and the approval of the TSX Venture Exchange.
The Company has agreed to pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction for orders on a president’s list. In addition, the Company has agreed to issue to the Agents broker warrants of the Company exercisable for a period of 36 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Units sold under the Offering, subject to a reduction for orders on a president’s list, at an exercise price of $0.70.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Silver47 Exploration
Silver47 Exploration Corp. is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America’s most prolific mining jurisdictions. For detailed information regarding the Company’s properties, please refer to the technical reports and other filings available on SEDAR at www.sedarplus.ca.
For more information about the Company, please visit www.silver47.ca.
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On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore@silver47.ca
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expectation that the Offering will close in the timeframe and on the terms as anticipated by management, that the Offering will be completed at all, and the use of proceeds. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or 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’ or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete the Offering in the timeframe and on the terms as anticipated by management, and that the Company will receive all regulatory and Exchange approvals. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the failure to complete the Offering at all or in the timeframe and on the terms as anticipated by management, market conditions and timeliness of regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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Phosphate is mainly used in the form of fertilizer for crops and animal feed supplements. Only 5 percent of world phosphate production is used for other applications, such as corrosion prevention and detergents.
In its 2025 Mineral Commodity Summary, the US Geological Survey (USGS) states that global production of phosphate grew in 2024 alongside demand, totaling 240 million metric tons. Most of 2024 was marked by steady growth in agricultural demand in the face of declining quality reserves.
‘World consumption of P2O5 contained in fertilizers was estimated to have been 47.5 million tons in 2024 compared with 45.8 million tons in 2023,’ the USGS reported. ‘World consumption of P2O5 in fertilizers was projected to increase to 51.8 million tons by 2028. The leading regions for growth were expected to be Asia and South America.’
This list of the top phosphate countries by production is based on data from the USGS. Those interested in the phosphate mining sector will want to keep an eye on phosphate production data and mining companies in these countries.
Phosphate production: 110 million metric tons
Phosphate reserves: 3.7 billion metric tons
China’s phosphate production increased in 2024 to 110 million metric tons (MT), up from 105 million MT in 2023, placing it as number one on the list of top phosphate-producing countries by a long shot. China has the second largest phosphate reserves in the world at 3.7 billion metric tons of phosphate. The country is also the fourth largest producer of fellow fertilizer mineral potash.
The rise in Chinese output came in despite of the nation’s environmental crackdown on the mining industry. China’s government has placed restrictions on phosphate exports in an effort to drive down domestic prices of the fertilizer with its own supply. In December 2024, China halted new export applications for phosphate due to the rising cost of sulfur. The material is critical in the separation of phosphates from rock.
Phosphate production: 30 million metric tons
Phosphate reserves: 50 billion metric tons
As the second largest phosphate-producing country, Morocco produced 30 million metric tons of the fertilizer in 2024, down from 33 million MT in the previous year. The North African nation’s phosphate output is expected to increased in the coming years due to ongoing capacity expansions, which are expected to be completed by 2027.
Morocco’s phosphate production comes from state-owned fertilizer company OCP Group’s mines, including its Gantour operation, one of the world’s largest phosphate mines.
Morocco holds the world’s largest phosphate reserves at 50 billion metric tons, accounting for over 67 percent of total global phosphate reserves.
Phosphate production: 20 million metric tons
Phosphate reserves: 1 billion metric tons
In 2024, US phosphate mining production totaled 20 million metric tons, up slightly by 400,000 metric tons from the previous year. The nation’s 10 producing phosphate mines are located across four states: Florida, North Carolina, Idaho and Utah.
The two largest phosphate mining companies in the US are Mosaic (NYSE:MOS) and Nutrien (TSX:NTR). Global giant Mosaic’s Florida phosphates operation comprises three producing mines: Four Corners, South Fort Meade and Wingate. The three mines combined for 8,900 MT of phosphate rock concentrate in 2024. Nutrien operates the Aurora mine in North Carolina and White Springs mine in Utah.
Most phosphate rock mined in the US is used for manufacturing phosphoric acid and superphosphoric acid. These types of wet-process phosphate products are used for items such as animal feed supplements. About a quarter of this is exported in the form of merchant-grade phosphoric acid, upgraded granular diammonium and monoammonium phosphate fertilizer, as well as other fertilizer products, according to the USGS.
Phosphate production: 14 million metric tons
Phosphate reserves: 2.4 billion metric tons
Russia produced 14 million metric tons of phosphate in 2024, down by 1 million MT from the previous year, and the country’s phosphate reserves total 2.4 billion metric tons. Russia is also the second largest producer of potash.
A significant portion of Russia’s phosphate is produced by PhosAgro subsidiary Apatit from apatite minerals at the Khibiny deposit, which is located east of Finland in Russia’s Kola Peninsula. Phosphate operations are also found in Perm Krai at the Oleniy Ruchey apatite mine and processing facility owned by the Acron Group’s North-Western Phosphorous Company.
European nations were previously Russia’s biggest phosphate customers in the global market, but the country’s war in Ukraine initially had an impact, directly influencing phosphate prices. However, Russian phosphate exports were supported through increases in shipments to countries including India and Brazil.
Phosphate production: 12 million metric tons
Phosphate reserves: 1 billion metric tons
Jordan’s phosphate production came in at 12 million metric tons in 2024, rising slightly from the previous year. Jordan’s phosphate reserves stand at an estimated 1 billion MT.
The country’s sole phosphate producer is state-owned Jordan Phosphate Mines Company, which operates as a phosphate miner and fertilizer producer. The company bills itself as the second largest phosphate exporter and the sixth largest producer of phosphate in the world, with combined production capacity between its three mines exceeding 11 million metric tons of phosphate annually.
Phosphate production: 9.5 million metric tons
Phosphate reserves: 1 billion metric tons
Saudi Arabia produced 9.5 million metric tons of phosphate in 2024, down by 400,000 MT from 2023’s output level. The country is sitting on 1 billion MT of phosphate reserves. The Saudi Arabian Mining Company, also known as Ma’aden, produces up to 5 million metric tons of concentrated phosphate rock per year.
The Wa’ad Al Shamal Minerals Industrial City, an integrated phosphate fertilizer production complex, is a US$8 billion joint venture investment between Ma’aden at 60 percent, chemical manufacturer Saudi Basic Industries (TADAWUL:2010) at 15 percent and US fertilizer giant Mosaic at 25 percent. However, in January 2025, Mosaic sold its stake for US$1.5 billion in Ma’aden shares, bringing the latter company’s interest to 85 percent.
Phosphate production: 5.3 million metric tons
Phosphate reserves: 1.6 billion metric tons
Brazil, another of the top phosphate countries by production, produced 5.3 million metric tons of phosphate in 2024, nearly on par with its production in the previous year. Brazil has a booming agricultural sector and is one of the world’s largest fertilizer consumers and importers. More phosphate production capacity in the country is expected to come online in 2027.
Mosaic is the country’s largest producer of both phosphate and nitrogen, and it also operates Brazil’s only potash mine. Swedish fertilizer company Eurochem launched a new US$1 billion phosphate fertilizer production facility in the State of Minas Gerais, Brazil, in April 2024. The facility has a phosphate mine and plant complex with an annual production capacity of 1 million MT of advanced phosphate fertilizers.
Phosphate production: 5 million metric tons
Phosphate reserves: 2.8 billion metric tons
Egypt’s phosphate-mining production in 2024 totalled 5 million metric tons, on par with 2023 output levels. According to the US Geological Survey, Egypt’s phosphate reserves now sit at 2.8 billion MT.
The phosphate company Misr Phosphate operates the Abu Tartour, the Sibaiya and the Red Sea mines, all of which host high grades of phosphate.
Phosphate production: 4.7 million metric tons
Phosphate reserves: 210 million metric tons
Peru produced 4.7 million metric tons of phosphate in 2024, down by 300,000 MT from the previous year. About 98 percent of US phosphate imports originate from Peru.
Peru’s investment agency ProInversión made a US$940 million commitment in mid-2024 for the expansion Fosfatos del Pacífico’s Bayóvar mine in the Piura region, which is expected to bolster the country’s domestic phosphate production for the next 10 years.
Phosphate production: 3.3 million metric tons
Phosphate reserves: 2.5 billion metric tons
Tunisia’s phosphate output in 2024 totaled 3.3 million metric tons, down from 3.6 million metric tons the previous year. Tunisia is home to the fourth highest phosphate reserves in the world at 2.5 billion metric tons.
The North African country has been rising among the ranks of the world’s largest phosphate producing nations. In 2023 Tunisia’s state-owned phosphate firm Gafsa Phosphate Company ramped up its production as part of its US$76 million investment program.
Phosphates are compounds that usually include phosphorous and oxygen, and can have one or more common elements, such as sodium, calcium, potassium and aluminum.
Phosphate is mostly found in phosphate rock, a non-detrital sedimentary rock that contains high amounts of phosphate minerals. Phosphate rock can come in different forms such as quartz, calcite, dolomite, apatite, iron oxide minerals and clay minerals.
Phosphate is the natural source of phosphorous, which provides essential nutrients for plant growth and development.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
The Indiana Fever are fighting to keep their playoff hopes alive.
The Fever (19-18) have slid to eighth place in the WNBA standings after dropping six of their last eight games amid a number of devastating injuries — Sydney Colson (left ACL tear), Aari McDonald (broken right foot) and Sophie Cunningham (right MCL tear) were all ruled out for the season. Point guard Caitlin Clark (right groin) remains sidelined indefinitely.
The surging Los Angeles Sparks (17-18) are on the Fever’s heels, one game behind Indiana. That makes the Fever’s game against the Seattle Storm (20-18) Tuesday is a must win.
‘We are a team that is still reintegrating new pieces, but we have to find a way to make it click,’ Fever head coach Stephanie White said following the Fever’s 97-84 loss to the Lynx on Sunday. ‘For us, we got to focus on one game at a time. We have to control what we can control and that’s our next opponent. That’s going to be Seattle coming into our place and that’s a big one.’
The Storm enter Tuesday’s matchup on a three-game win streak following a 84-82 victory over the Washington Mystics on Sunday, where Nneka Ogwumike hit a game-winning jumper as time expired. Ogwumike finished with 30 points, six rebounds and two assists, knocking down a career-high six 3-pointers as her team sits in sixth place in the standings.
Meanwhile, the Fever are coming off back-to-back losses to the league-leading Minnesota Lynx. Kelsey Mitchell had a team-high 26 points in the Fever’s 97-84 loss to the Lynx on Sunday. Guard Shey Peddy, who the Fever signed to a seven-day hardship contract on Aug. 19, had 16 points off the bench.
Here’s everything you need to know about Tuesday’s matchup between the Fever and Storm:
The Indiana Fever host the Seattle Storm in Indianapolis at 7 p.m. ET (4 p.m. PT) on Tuesday, Aug. 26 at Gainbridge Fieldhouse. The game will be broadcast on CBS Sports Network.
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One year after Travis Hunter became the most unconventional Heisman Trophy winner in the award’s history by virtue of his both-ways brilliance for Colorado, look for the 2025 race to drift back toward tradition by focusing on a class of very specific and traditional contenders: high-profile and productive quarterbacks playing for the nation’s best teams.
With the regular season just weeks away, the closest thing to an alternative option is Ohio State sophomore Jeremiah Smith, who after one year with the Buckeyes is beginning to build a case for being counted among the best wide receivers in recent Bowl Subdivision history.
Otherwise, USA TODAY Sports preseason glance at the Heisman favorites is loaded with quarterbacks such as Arch Manning, Cade Klubnik and Drew Allar.
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Manning has the name recognition to cruise to the Heisman – something his famous grandfather and uncles didn’t achieve – but will spend his debut year as the starter at Texas under a blindingly bright spotlight.
His obvious ability and the Longhorns’ surrounding talent makes Manning the early favorite, with Klubnik, Allar and others just behind. Here are the eight players to watch heading into regular season:
Manning was very good in limited duty as a redshirt freshman, completing 61 of 90 attempts for 939 yards with 13 combined scores, four on the ground. But he also did the overwhelming majority of that work early in the year, against opponents such as Texas-San Antonio, Louisiana-Monroe and Mississippi State. From October on, Manning made 12 pass attempts for 38 yards while running for 26 yards and a touchdown. Basically, there is much to prove but plenty to like about how well he’ll play as the Longhorns’ unquestioned starter.
Klubnik started coming into his own in 2024 to help deliver Clemson’s eighth ACC championship in the past decade. He also hit a few speedbumps, as in the opener against Georgia and later losses to Louisville and South Carolina. Consistency will be key for the senior to deliver the first Heisman in program history. As with Manning, though, Klubnik will be surrounded by a terrific supporting cast and could have his team at or near the top of the polls heading into the postseason.
Smith is a transcendent talent capable of changing the complexion of every game Ohio State plays. Virtually unguardable as a freshman, when he delivered 76 catches for 1,315 yards and 15 scores, Smith’s reliability will be even more vital given the Buckeyes’ offseason changes at quarterback and offensive coordinator. He’ll have plenty of opportunities to deliver a Heisman moment, beginning with a non-conference home against the top-ranked Longhorns to open the year.
Allar could check all the boxes for the Heisman. He’ll play alongside an elite backfield, throw to a deeper receiver corps than in 2024 and take snaps in front of the strongest offensive line of the James Franklin era. Importantly, the senior could lead the Nittany Lions to the Big Ten championship and one of the top seeds in the College Football Playoff. Throw in a nice framing device – the attempt to bounce back from the interception he tossed to end last year’s loss to Notre Dame in the national semifinals – and Allar has all the ingredients for a run at the award.
The only returning 4,000-yard passer from last season, Nussmeier will put up Heisman-level numbers in one of the nation’s two strongest conferences. Whether the senior can rise to Heisman frontrunner status depends on where LSU falls in the SEC and playoff chase: Will Nussmeier’s numbers have an empty-calories feel amid another disappointing season for the Tigers? Or is this team ready to take the leap and make Nussmeier the program’s third Heisman-winning quarterback in six years? Regardless, he could land at or near the top of next year’s NFL draft by improving his touch and ball placement while trimming his turnover-worthy plays.
How Mateer’s game translates from Washington State to Oklahoma will determine whether Oklahoma can rebound from last season’s disastrous SEC debut and solidify coach Brent Venables’ weakened job security. If the SEC doesn’t prove too much for Mateer and former WSU offensive coordinator Ben Arbuckle, the Sooners could add three or four wins to become the surprise team in the Power Four. Mateer had 44 combined touchdowns and ranked eighth nationally in efficiency rating last season.
Sellers is a burgeoning star for the Gamecocks who might be one year away from being a top-end Heisman contender. But the sophomore could be a legitimate option this fall should he match his run over the second half of 2024 and push South Carolina into the playoff after coming up just short last season. Sellers accounted for 17 touchdowns and ran for 166 yards on 10.4 yards per carry against rival Clemson as USC won six in a row to end the regular season.
Leavitt will need to take on an even larger role as the Sun Devils rework things offensively to offset the loss of star running back Cam Skattebo. The sophomore should be up to the challenge after throwing for 2,885 yards and 24 touchdowns against six interceptions in 2024.
Nearly 35 years later, former Nebraska coach Tom Osborne finally is willing to talk about which team he voted to win the national championship for the 1990 college football season.
Did he select Big Eight Conference rival Colorado as the nation’s No. 1 team after the Buffaloes beat Notre Dame in the Orange Bowl on Jan. 1, 1991?
Or did he instead coronate Georgia Tech, which beat his Nebraska team that same day in the Citrus Bowl?
Osborne, 88, discussed it by phone with USA TODAY Sports as Colorado and coach Deion Sanders prepare to face Georgia Tech in a season-opening game in Boulder on Friday, Aug. 29. It will be the first meeting of Colorado and Georgia Tech despite forever being linked by what happened in the voting for that national championship.
“If you wanted to know how I voted, I did vote for Georgia Tech,” Osborne said.
Osborne was seen as an important vote because his team was the only one that played both teams in the 1990 season. He previously has declined to talk about it publicly, even though many speculated he voted Georgia Tech No. 1, perhaps even to deny league foe Colorado of a national championship prize that he had had yet to win.
Osborne denies he did it to spite Colorado. “I would never do that,” he said.
He had other reasons.
There was no College Football Playoff back then. The national championship instead was decided by voters in two main polls after teams played their postseason bowl games.
Their link to a shared national title serves as a reminder of how controversy and conflicts of interest could shape the sport back then in an age before replay review and rules to prevent such conflicts.
Something seemed especially strange about the Coaches Poll then because the balloting was secret and the winning margin in that poll was only one point (847-846), including a 30-27 margin in first-place votes for Georgia Tech.
The coaches’ voting then was tabulated by Jeff Shain, then the sports editor of United Press International (UPI), which sponsored the poll. Shain told USA TODAY Sports recently that after 58 ballots were counted in the final Coaches Poll on Jan. 2, 1991, Colorado and Georgia Tech were tied at No. 1 with one vote left to be tracked down. That 59th and final coach then voted for Georgia Tech to break the tie.
“That coach, unbeknownst to him, essentially swung the national title,” Shain said. “All 59 votes count the same, but because he was last, it was the determining ballot.”
Shain said it wasn’t Osborne. But because the margin was only one point, any coach who voted Georgia Tech No. 1 could have changed the result had he voted for Colorado instead.
Shain declined to say who cast the final vote, citing a confidentiality agreement with the coaches’ association back then.
He confirmed the ballots were required to be kept secret and then thrown away.
“Our procedure was to tally them and toss them,” Shain said.
By contrast, the final Associated Press poll wasn’t as close or controversial: It was 39-20 in first-place voting for Colorado over Georgia Tech. That poll of voters in the news media also had consistently kept Colorado No. 1 since November 1990 as the Buffaloes navigated one of the nation’s toughest schedules.
In a big shift, the Coaches Poll moved Georgia Tech into the No. 1 spot even though Colorado was in first in the previous poll in December 1990 and the Buffaloes beat No. 5 Notre Dame the day before, 10-9. It was the first time in that poll’s history that a No. 1 team fell out of the top spot after winning a bowl game.
This flipflop stunned then-Colorado coach Bill McCartney, who learned the results of the final UPI Coaches Poll after landing at the airport in Denver after the Orange Bowl, according to University of Colorado athletics historian Dave Plati
“That’s not right,” McCartney said then. “You call UPI back and tell them to have the coaches vote again.’
McCartney, who died in January, long suspected Osborne had ranked Georgia Tech No. 1. Plati said he never got confirmation of Osborne’s ballot.
“He would never come out and say where he voted us,” Plati said recently.
Coaches weren’t required to reveal their ballots in the final poll, unlike now in the US LBM Coaches Poll, administered by USA TODAY Sports.
The secrecy of the ballots and lack of confirmation from Osborne led to decades of rumors about how he voted and why.
Osborne told USA TODAY Sports he doesn’t remember where he voted Colorado on his final ballot or final regular-season ballot. He cited two big factors for his final vote. One was that Colorado had received an illegal fifth down to beat Missouri that season on the final play of the game, 33-31. Another was that Georgia Tech beat his Nebraska team more soundly than Colorado did (45-21 by Georgia Tech, 27-12 by Colorado).
“They were both good teams, and I think the distinguishing factor was Colorado ended up having five downs in one of their wins and Georgia Tech didn’t have any somewhat questionable finishes,” Osborne told USA TODAY Sports. “So I voted for Georgia Tech, and of course we played them both. I thought Georgia Tech at the end of the year was pretty good.”
Colorado started the year 1-1-1, including a loss at Illinois and a tie against Tennessee in Anaheim, California, before finishing with 10 consecutive wins. But one of those wins came on that fifth down at Missouri.
It wasn’t Colorado’s fault, but the Buffs won on a final play that shouldn’t have been allowed.
The officiating crew and scoreboard indicated it was third down when quarterback Charles S. Johnson spiked the ball to stop the clock. It was really fourth down after Colorado had run three previous plays from the Missouri 3-yard line, including another spiked ball to stop the clock on first down. Missouri was set to win, 31-27, if the game ended there.
But if the quarterback had known it was really fourth down instead of third, he wouldn’t have spiked the ball to surrender the game on downs. He instead would have tried to win as he did on the next play − a 1-yard touchdown run on “fifth down” as time expired.
The confusion stemmed from when game officials had failed to change the down marker from “2” to “3” after 2-yard gain on second down.
Then-Missouri coach Bob Stull was a voter in the final poll back then, too. He told USA TODAY Sports he doesn’t remember how he voted. The Tigers were also Big Eight members with Nebraska and Colorado.
“I wasn’t bitter on the (fifth-down) thing, so I don’t know if it carried at all,” Stull said. “You’ve got your conference you’re trying to vote for too, you know. I can’t tell you how I did, but that wouldn’t have come into play for me.”
In previous voting to end the regular season in December 1990, the Coaches Poll had Colorado ranked No. 1 by a margin of 38-7 over Georgia Tech in first-place votes – 45 points total out a panel of 59 coaches. That means 14 coaches didn’t vote in that previous poll.
But then in the final poll on Jan. 2, 1991, all 59 coaches voted, including 30 first-place votes for Georgia Tech, 27 for Colorado and two for Miami (Fla.).
Shain said sometimes some coaches were simply hard to track down for their ballots because they were on the road recruiting and didn’t have cell phones then.
“Voting is not high on their priority list,” he said.
Many coaches who voted back then have died or said they don’t remember how they voted. McCartney of Colorado voted his team No. 1 and Georgia Tech No. 2, according to Plati. Then-Georgia Tech coach Bobby Ross told USA TODAY Sports recently he also voted his own team No. 1.
In Colorado’s case, there were other issues – the fifth-down win and a controversial clipping penalty against Notre Dame that nullified a last-minute punt return for a touchdown in the Orange Bowl by the Fighting Irish. Add them both together and coaches might have felt Colorado didn’t deserve it.
Georgia Tech looked good in comparison. The Yellow Jackets finished the season undefeated with one tie against North Carolina, including wins against then-No. 1 Virginia and then-No. 13 Nebraska
Ross also brought up the fifth-down win by Colorado but said he didn’t remember where he voted the Buffs.
“Colorado won one game on a fifth down that was given to them,” Ross told USA TODAY Sports. “That was, to me, was another thing that would have worked against them. I know they were an outstanding team. I think we were too at that time.”
In today’s game, members of the committee that vote for the 12 teams in the College Football Playoff are required to recuse themselves from voting if there is a conflict of interest, including if they work for the school in question.
But back then, these coaches decided part of the national title. And they not only voted for their own teams but also could possibly penalize others to their advantage in their secret balloting.
What was to stop Ross from putting Colorado a little further down his list than where he thought they belonged?
“I would have Colorado where I think they should have been,” Ross said.
We don’t know if Ross or any coach sought to influence the final result this way. We do know that at least one coach or possibly two voted Georgia Tech multiple places behind Colorado because the Yellow Jackets finished with three more first-place votes but only a one-point margin.
Others had reason to vote for teams in their own conference to enhance their league media exposure. Ironically, then-Nebraska athletic director Bob Devaney raised a stink about some Big Eight coaches voting Virginia No. 1 earlier in the 1990 season instead of Nebraska.
Osborne ultimately didn’t follow Devaney’s Big Eight loyalty beliefs, nor was he required to do so.
“Georgia Tech beat us by a bigger margin than Colorado, and then there was that little bit of a controversial thing with Colorado,” Osborne said. “So I thought I Georgia Tech deserved at that point to be No. 1. You make a judgment. That’s the basis of my judgment.”
Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com
When the clock starts ticking during fantasy football drafts, it’s best to move forward with caution.
While much of the focus is on finding the best sleepers, it’s also prudent to be aware of potential busts.
Tight ends aren’t often considered a highly valued position. In 2025, only three players are being selected inside the top 50 of fantasy drafts, according to FantasyPros’ average draft position (ADP). That said, these three tight ends are being drafted as starters in the majority of leagues, but could fail to meet expectations.
2025 FANTASY FOOTBALL SLEEPERS: QB | RB | WR | TE | K
2025 POSITION RANKINGS: QB | RB | WR | TE | K | D/ST | Overall
The veteran tight end has been a staple in fantasy lineups for over a decade, but it’s time to start fading him at his current ADP. He had declining production in 2024 and still managed to finish as TE6 in PPR points per game. He was the third-most targeted tight end in the NFL with 133 targets and led the position in red-zone targets (26). So why fade the soon-to-be 36-year-old in 2025?
It’s not a complete fade but it’s probably better to treat Kelce as a borderline TE1 than a sure-fire stud at this stage. Only one tight end in NFL history has finished with more than 90 catches at the age of 36 or older (Tony Gonzalez, 2012).
Kelce’s yards per route run and yards after the catch both declined in each of the last three seasons. The biggest question mark surrounding Kelce heading into 2025 is the availability of wide receiver Rashee Rice. With Rice healthy, Kelce averaged just four targets per game. However, following Rice’s season-ending knee injury, Kelce averaged over nine targets per game. There’s a chance Rice could miss half of the season due to a suspension, but there’s also a chance Rice only misses a couple of games. Kelce’s usage hinges largely on Rice’s presence and the risk at taking him as the TE5 outweighs the production at this stage.
This potential bust could backfire if Engram were to surprise and lead his new team in targets in 2025. However, the likelihood of that happening is slim because he is coming off his worst season and a torn labrum, which required surgery.
Engram joined the Broncos in free agency, and some are excited about his potential in Sean Payton’s offense. But Payton – who has been a head coach for 18 NFL seasons – has only had a tight end finish inside the top 10 in PPR five times. Those being seasons from Jimmy Graham (2011, 2013, 2014), Ben Watson (2015) and Jared Cook (2019).
The soon-to-be 31-year-old has relied heavily on volume more than explosiveness and touchdowns. He has failed to find the end zone more than four times in a season since 2017. He’ll play second fiddle to Courtland Sutton. Engram could even potentially finish third on the team in targets behind third-year breakout candidate Marvin Mims Jr. Expectations should be tempered for Engram at his current TE8 ADP.
It’s challenging to fall in love with Loveland and trust him to finish inside fantasy football’s top 15 tight ends in 2025.
The rookie is a terrific prospect in a Bears offense that is expected to improve. New head coach Ben Johnson is calling the shots and he was the offensive coordinator in Detroit when Sam LaPorta finished as TE1 overall as a rookie in 2023. The issue for Loveland is that there are plenty of mouths to feed as Chicago loaded up on offense in the offseason. The presence of wide receivers DJ Moore, Rome Odunze and Luther Burden, along with veteran tight end Cole Kmet will likely keep the rookie from Michigan in deep TE2 range all season.
It’s unlikely Loveland can make a significant mark in such a crowded room but he’s still a worthwhile pick in dynasty leagues. He has top-10 draft capital and will likely grow in the Bears offense in the coming years, but don’t expect him to be elite in 2025.
For many NFL teams, Tuesday’s roster cutdown deadline marks perhaps the biggest hurdle remaining before preparation for the regular season begins in earnest. For hundreds of players, however, the paring down can mark a painful end of the line.
Established starters and early draft picks typically have nothing to fear as teams set their initial 53-man rosters, but the culmination of the preseason schedule necessarily leads to some disappointment and difficult decisions. Some long shot bids will officially come to an end. But those who set out to scrape for a spot at the end of the roster are signing up for a transient lifestyle, and this might just be the first – or latest – in a series of setbacks. But hope remains, as any notion of finality with the cutdowns is quickly dispelled by additional waiver moves, trades and practice squad transactions in the coming days, weeks and months.
Here’s a look back at all of the notable moves from Monday:
The Denver Broncos continue to reshape their running back rotation.
The team plans to waive backup Audric Estime, according to multiple reports.
Estime, a fifth-round pick last April out of Notre Dame, ranked fourth on the team in rushing yards with 310 as a rookie. But with veteran J.K. Dobbins and second-round rookie RJ Harvey coming aboard to pace the ground game and backup Jaleel McLoughlin returning a change-of-pace option, Estime became the odd man out in Sean Payton’s attack.
Baker Mayfield has a new backup.
The Tampa Bay Buccaneers plan to release quarterback Kyle Trask, ESPN’s Jeremy Fowler reported.
Trask was the Buccaneers’ second-round pick in 2021, which was Tom Brady’s penultimate season with the team. But the former Florida standout couldn’t beat out Baker Mayfield in the 2023 preseason after Tom Brady retired, and Trask has attempted just 11 passes in his career to date.
Tampa Bay then signed veteran Teddy Bridgewater on Aug. 5 and seemed to quickly favor him for the backup role. Bridgewater started the second preseason game against the Pittsburgh Steelers and threw two touchdown passes. He was held out of the finale with an illness.
The Las Vegas Raiders’ initial round of cuts didn’t feature any surprises, but some recognizable names won’t be on the 53-man roster.
Wide receivers Marquez Callaway, Phillip Dorsett II and Collin Johnson were all released Monday, as was linebacker Jaylon Smith.
The three veteran wideouts provided depth in camp, but Las Vegas looked to other options in its receiving corps, with multiple reports indicating Monday that five-time Pro Bowler Amari Cooper is heading back to the franchise that selected him No. 4 overall in 2015. Meanwhile, fourth-rounder Dont’e Thornton Jr. could potentially play a sizable role as a rookie while second-rounder Jack Bech and sixth-rounder Tommy Mellott wait for their turns as backups. Meanwhile, leading wideout Jakobi Meyers is seeking a trade amid a contract standoff, per reports.
Smith was signed in May after a tryout at rookie minicamp, but the former Dallas Cowboys standout will have to look elsewhere as he tries to find his first game action since 2023.
A bevy of former Dallas Cowboys players have followed Dan Quinn to Washington. Michael Gallup, however, won’t be among those joining the Commanders’ roster to start 2025.
The wide receiver was among six players released by the team on Monday.
Gallup, 29, was attempting to make his comeback with the team after announcing his retirement last summer. He broke out by recording 1,107 receiving yards for the Cowboys in 2019, but a 2021 anterior cruciate ligament tear proved to be a sizable setback. The former third-round pick signed with the Las Vegas Raiders last year but stepped away from football last June.
Washington, meanwhile, appears to have its receiving corps set with Terry McLaurin, Deebo Samuel Sr., Noah Brown, Luke McCaffrey and rookie Jaylin Lane.
The Buccaneers are waiving the undrafted free agent defensive tackle from Florida, according to multiple reports.
Watson, who was listed by the team at 449 pounds, had remained on the non-football illness list throughout the summer as the team pushed him to cut weight. Unable to do so, he was released outright rather than moved to the reserve-NFI list, suggesting that a return to Tampa Bay’s practice squad is unlikely.
The Detroit Lions are cutting bait on the Hendon Hooker project.
The team is releasing the quarterback, according to multiple reports, in a move that could position journeyman Kyle Allen to secure the backup spot behind Jared Goff.
Hooker, 27, was a third-round pick out of Tennessee in 2023 and sat out his entire rookie season while recovering from a torn anterior cruciate ligament suffered late in his final collegiate season. In 2024, however, he played in just four games, and Detroit signed veteran Teddy Bridgewater late in the campaign to hold down the backup role.
Hooker struggled throughout the preseason, and Lions coach Dan Campbell seemed to suggest after the game that both sides might be best off moving on.
“How much development do you believe there is?’ Campbell said. ‘We’re talking about Hooker right now, how much development do you believe there still is? Sometimes, does the player need a change of scenery?”
Shilo Sanders isn’t the only notable undrafted rookie whom the Tampa Bay Buccaneers won’t be keeping on their 53-man roster.
The team decided to release linebacker Nick Jackson, according to multiple reports.
Jackson, who finished his college career at Iowa after transferring from Virginia, was a preseason standout who led the team in tackles (14) while adding two sacks and an interception. But even with the team parting with Anthony Walker Jr., who was recovering a lower left leg injury, Tampa Bay saw fit to turn to other options at inside linebacker. Jackson, however, could be a candidate for the practice squad if he goes unclaimed.
On Monday, the team parted ways with 16 players. Those who were waived included: WR Jha’Quan Jackson, WR TJ Sheffield, DT Josiah Bronson, DT TJ Smith, OLB Desmond Evans, ILB Amari Burney, CB Jalen Kimber, CB Clarence Lewis, CB Jermari Harris, CB Davion Ross, S Julius Wood, S Joshuah Bledsoe. Tennessee also released DE Joe Gaziano, G Arlington Hambright and C Sam Mustipher and waived WR Matt Landers with an injury designation.
Cam Akers’ stint with the New Orleans Saints was a short one.
The running back was released Monday, Saints coach Kellen Moore confirmed. The team also waived 13 other players: punter James Burnip, wide receivers Roderick Daniels Jr. and Moochie Dixon, defensive ends Jasheen Davis, Jeremiah Martin and Omari Thomas, offensive tackles Josiah Ezirim and Jonathan Mendoza, tight ends Seth Green and Michael Jacobson, offensive guards Kyle Hergel and Mike Panasiuk, and linebacker Tyreem Powell.
Akers, 26, signed a one-year deal with the Saints in June after a minicamp tryout. But with New Orleans having sufficient depth behind Alvin Kamara with Kendre Miller, sixth-round rookie Devin Neal and Clyde Edwards-Helaire, the team opted to move on.
Kenyon Green won’t be a part of the Philadelphia Eagles’ adjusted offensive line after all.
The offensive guard was waived Monday, according to CBS Sports, just five months after he was traded to the team by the Houston Texans in exchange for safety C.J. Gardner-Johnson.
Green, 24, was the No. 15 overall pick by the Texans in the 2022 NFL draft out of Texas A&M, but the 6-4, 323-pound blocker struggled throughout his tenure in Houston.
Eagles executive vice president and general manager Howie Roseman was busy over the weekend reshuffling the backups for his offensive front, sending offensive guard Darian Kinnard to the Green Bay Packers while also acquiring offensive tackle Fred Johnson in a deal with the Jacksonville Jaguars.
The team is releasing Mike Hilton, the cornerback’s agents told ESPN.
Hilton, 31, was signed to boost depth in the slot after Kader Kohou, the lone returning starter in the secondary, suffered a torn Anterior cruciate ligament. A longtime standout for both the Pittsburgh Steelers and Cincinnati Bengals, he collected 13 interceptions in the last eight years, during which he also started 56 games.
Fifth-round rookie Jason Marshall Jr. now could be in line to take over the nickel role.
Offensive tackle Jalen McKenzie was also waived, according to ESPN.
Dan Campbell and Brad Holmes don’t expect to keep any Detroit Lions players twisting in the wind, as the team plans to make the bulk of its cuts by end of day Monday.
‘There could be a couple that we don’t get to, maybe last minute tomorrow,’ Campbell said Monday. ‘But that is what it is and it’s – there’s nothing easy about it and it’s worse on them than it is us. I mean, it’s hard on us but there’s no woe-is-me here. I feel sorry for those guys, but at the same token, what I would tell them, man, use this as fuel and move onto the next step of this.’
The spot most closely monitored for Detroit is at backup quarterback, where journeyman Kyle Allen appears to have taken a lead on Hendon Hooker, the 2023 third-round draft pick who has played sparingly and struggled this summer. After the preseason finale, Campbell appeared to leave the door open to the team moving on from Hooker in some form.
“How much development do you believe there is?’ Campbell said. ‘We’re talking about Hooker right now, how much development do you believe there still is? Sometimes, does the player need a change of scenery?”
First-year Dallas Cowboys coach Brian Schottenheimer created the kind of stir that bossman Jerry Jones would appreciate when he suggested last week that the team could throw a curveball or two come cutdown time.
‘We’ll sit down after we play Friday and we’ll make some decisions about the entire roster,’ Schottenheimer said last Monday. ‘There will probably be some surprises from some of the mock things that are out there in terms of, ‘Hey, I thought for sure this guy was gonna make it.”
There don’t appear to be many mysteries for a team that sat a huge number of starters and key contributors in the finale, though embattled 2023 first-round defensive tackle Mazi Smith among those still in action. Schottenheimer said Saturday that the positions giving Dallas’ decision-makers the most trouble were cornerback, wide receiver, linebacker and defensive end.
No surprise here, though: Offensive tackle La’el Collins, a former linchpin of the offensive line who signed with the team just this month, was cut Sunday, per multiple reports.
Howie Roseman is never one to stand pat at a key moment for roster building. That aggressive mentality was on full display this weekend, as the executive vice president and general manager of the Philadelphia Eagles executed a slew of moves.
The most notable decision might be the reworking of his quarterback room. With backup Tanner McKee still sidelined by a finger injury, Roseman swung a trade with the Minnesota Vikings to acquire Sam Howell. That led Sunday to the official ouster of Thompson-Robinson, who was acquired in the Kenny Pickett trade but looked unlikely to stick around after battling sixth-round rookie Kyle McCord for the presumed No. 3 job. McCord, however, was also released on Monday, per reports.
Shilo Sanders went down fighting – literally – in Tampa. The Buccaneers on Sunday waived the undrafted rookie free agent safety from Colorado, just one day after Sanders was ejected from Saturday’s preseason finale against the Buffalo Bills for throwing a punch against tight end Zach Davidson.
Buccaneers coach Todd Bowles made his stance clear on Sanders’ action, calling it ‘inexcusable’ in his postgame remarks. But Bowles has been largely complementary of the young defensive back, leaving open the question of whether he could land back on the Bucs’ practice squad if he goes unclaimed.
‘Shilo is very aggressive, very young, and very hungry,’ Bowles said last week. ‘He can make plays in the box and run down to give us 100% on special teams.’
The Cleveland Browns are never short on quarterback news.
On Sunday, the team announced it had released Tyler Huntley, along with three other veterans and 17 players who were waived.
Yet things appear to be clear for the Browns to keep their quartet of quarterbacks – starter Joe Flacco, veteran Kenny Pickett and rookies Dillon Gabriel and Shedeur Sanders – on the 53-man roster, with general manager Andrew Berry indicating as much during his team’s preseason finale against the Los Angeles Rams.
‘Honestly, it’s not much of a decision for us,’ Berry told Chris Rose and Joe Thomas on the Browns’ broadcast, per the Akron Beacon Journal.
Linebacker Jamin Davis’ attempt to revive his NFL career has hit another snag. The 2021 first-round pick of the Washington Commanders was released by the Jets on Sunday.
Davis, who re-signed with New York in March after being claimed on waivers by the team last December, wasn’t able to latch on with Aaron Glenn and Co. despite some promising flashes over the summer.
The Jets also waived six other players on Sunday: QB Adrian Martinez, DE Michael Fletcher, OT Liam Forandel, TE Zack Kuntz, DB Tanner McCalister and RB Lawrance Toafili. Six more were waived Saturday: CB Mario Goodrich, OT Samuel Jackson, TE Neal Johnson, WR Dymere Miller, DT Fatorma Mullbah and WR Ontaria ‘Pokey’ Wilson.
The Atlanta Falcons are parting ways with 12 players, including one who might come as a surprise to many.
Defensive lineman Morgan Fox was released Saturday despite having $3 million guaranteed in the two-year deal he signed with the team this offseason.
Count the Los Angeles Rams among the teams not waiting until Tuesday to get started making cuts.
The team on Sunday announced it was releasing linebacker Tony Fields II and waiving 10 others.
By 4 p.m. ET on Tuesday, Aug. 26, all 32 teams must reduce their active rosters to 53 players. Official word for some teams’ moves, however, might not come until slightly later.
NFL teams have until noon ET on Wednesday, Aug. 27, to claim players who are waived as part of league-wide roster reductions. Once those claims are resolved, clubs will begin filling out their practice squads.
Mount Hope Mining Limited (ASX: “MHM” or the “Company”) is pleased to announce its maiden drill program has commenced at its 100%-owned Mt Hope Project in New South Wales (Figure 1).
Highlights:
“Mount Hope Mining is excited to commence its maiden drill program at the Mt Hope Project – a significant milestone in our journey towards unlocking the potential of the southern Cobar Basin.
“Each priority prospect represents a high conviction drill target, backed by high-quality geological science, and we look forward to exploring these areas further.
“We believe these four priority areas represent a good opportunity to create shareholder value via true greenfield exploration success or by delineating valuable ounces for future development.
“We look forward to keeping shareholders updated with strong news flow throughout the remainder of Q3 and into Q4 with the results from the exploration drilling, along with the metallurgical test work for Mt Solitary, and with our other early-stage exploration programs.”
Table 1: Mt Solitary Exploration Target2
The potential quantity and grade of the Exploration Target are conceptual in nature. As such, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain whether further exploration will result in a Mineral Resource. The Exploration Target has been prepared by the JORC Code 2012.
The inaugural Mt Hope maiden drill program has commenced drilling, starting at the Mt Solitary prospect to convert the existing Gold Exploration Target (Table 1) to a JORC (2012) Mineral Resource Estimate (MRE).
The initial phase 1 RC program at Mt Solitary will consist of ~1,500m (Figure 2). The drill rig will then mobilise to test the greenfield polymetallic drill targets at Blue Heeler and Black Hill before finishing the program at Mt Hope East.
The Company has engaged ALS Laboratories in Orange, NSW, for analytical work. Samples from the maiden drilling campaign will be sent to Orange throughout the program, with sample preparation analysis to be completed at the same facility.
Click here for the full ASX Release
Highlights:
Galan Lithium Limited (ASX: GLN,OTC:GLNLF) ( Galan or the Company ) is pleased to announce that all conditions relating to the $20 million share placement ( Placement ) to the Clean Elements Fund ( Clean Elements ) have now been completed.
The Placement, which was undertaken at a significant premium to the prevailing share price when originally announced, was subject to certain conditions including shareholder approvals (received at a General Meeting held on Friday, 22 August 2025 ) as well as the satisfactory completion by Clean Elements of technical and legal due diligence in respect of the Company and HMW in Argentina.
Clean Elements has advised that all conditions to the Placement have been satisfied. As such, the Placement will now proceed to settlement, providing Galan with the funding required for the finalisation of the HMW Phase 1 construction over the remainder of the 2025 calendar year, with first production of lithium chloride concentrate scheduled for H1 2026.
Settlement will take place in two equal tranches of $10 million . Tranche 1 settlement will occur within the next 5 business days and Tranche 2 of the Placement will settle no later than 22 November 2025 , in line with the timing set out in the relevant shareholder approval.
Managing Director, Juan Pablo Vargas de la Vega , commented: ‘With the support of Clean Elements, Galan now has the funding certainty to complete Phase 1 construction at HMW and is firmly on track to deliver first lithium chloride concentrate production in H1 2026.
The due diligence undertaken by Clean Elements Fund has confirmed, what we at Galan already know – HMW is an exceptional lithium project, combining substantial scale and grade with execution capability that places it among the best globally.
The team at Galan remains focussed on advancing project delivery at HMW and we look forward to creating significant long-term value for shareholders as we progress towards production.’
Clean Element’s Chairman, Ofer Amir , commented: ‘ We are thrilled to confirm a binding and unconditional commitment to complete both tranches of the placement—an outcome that underscores strong confidence in Galan’s strategic direction.
Our specialist lithium brine adviser highlighted that HMW is the premier lithium brine resource globally. HMW’s brine is the highest grade in Argentina with the lowest impurity profile. It also contains significantly less magnesium and calcium than the levels found in the Salar de Atacama in Chile which, when combined with HMW’s high lithium grades, gives rise to the highest lithium recoveries in the lithium brine sector to date.
This exceptional resource quality enables a low-cost, evaporation process—positioning Galan to become a high-margin, globally competitive lithium producer. In our view, Galan will not just be participating in the lithium market; it will be setting a new benchmark.’
The Galan Board has authorised this release.
For further information contact:
|
COMPANY |
MEDIA |
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Juan Pablo (‘JP’) Vargas de la Vega |
Matt Worner |
|
Managing Director |
Vector Advisors |
|
jp@galanlithium.com.au |
mworner@vectoradvisors.au |
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+ 61 8 9214 2150 |
+61 429 522 924 |
View original content: https://www.prnewswire.com/news-releases/galan-lithium-limited-successful-due-diligence-completed—20m-placement-to-proceed-302537458.html
SOURCE Galan Lithium Limited
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