Josef Schachter of the Schachter Energy Report shares his updated outlook for oil and natural gas.
He sees a buy window potentially opening for stocks in June, and also believes oil prices are due to rise.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
The biggest event in lacrosse continues on Saturday, when it’s the men’s turn to take the field at Gillette Stadium in Foxborough, Massachusetts, for their NCAA tournament semifinal showdowns.
Like the women’s semis, both contests are rematches of regular season games. This year’s foursome includes a couple of teams with huge fan bases from Central New York hoping to end, by their lofty standards, lengthy title droughts. The other two are Big Ten squads, one of which is a long-time fixture in the sport while the other is hoping its third semifinal appearance will lead to its first-ever championship.
Here’s a look at the matchups, including the TV schedule and key participants.
Time/TV: noon ET, ESPN2
How they got here: Cornell – beat Albany 15-6, Richmond 13-12. Penn State – beat Colgate 13-11, Notre Dame 14-12.
National championships: Cornell three (last 1977), Penn State none.
Players to watch: Cornell – CJ Kirst (76 G, 32 A); Ryan Goldstein (38 G, 50 A); Michael Long (29 G, 38 A). Penn State – Matt Traynor (42 G, 17 A); Hunter Aquino (16 G, 21 A); Ethan Long (18 G, 17 A).
Quick sticks: Since emerging as one of the sport’s powerhouses in the ‘70’s, the Big Red are still trying to add to their three titles. They’ve been agonizingly close on a couple of occasions, most notably in 2009 when they led Syracuse in the final minute but fell in overtime. … Kirst already owns numerous scoring records and will likely add the Tewaaraton to his list of honors next weekend. … The Nittany Lions, however, are responsible for Cornell’s lone loss this season, a 13-12 overtime thriller on March 8. They’re also responsible for ending Notre Dame’s bid for a third consecutive title thanks to last week’s improbable comeback win in the quarterfinals.
Time/TV: 2:30 p.m. ET, ESPN2
How they got here: Maryland – beat Air Force 13-5, Georgetown 9-6. Syracuse – beat Harvard 13-12, No. 3 Princeton 19-18.
National championships: Maryland four (last 2022), Syracuse 11 (last 2009).
Players to watch: Maryland – Eric Spanos (30 G, 16 A); Braden Erksa (30 G, 15 A); Daniel Kelly (32 G, 9 A). Syracuse – Joey Spallina (35 G, 53 A); Owen Hiltz (45 G, 27 A); Michael Leo (30 G, 12 A).
Quick sticks: The Terrapins are in their 30th NCAA semifinal, the most in Division I. The Orange haven’t reached championship weekend since 2013, an almost unthinkable absence for a program that was a fixture at the event for nearly two decades starting in the late 1980’s. … This figures to be a battle to control the pace of the game, which Maryland managed to do in an 11-7 victory in their encounter back on Feb. 15. But the Orange can win a single-digit game if needed, as they did in their 9-8 triumph against Duke in the ACC tournament.
CHICAGO — It can take months, even multiple seasons, to determine whether a trade was worth it. Not so for the deal that sent Natasha Cloud to the New York Liberty in the offseason.
Two games in, it’s clear the Liberty are big winners. The rest of the league, not so much.
The addition of Cloud has made the Liberty even better. Which is a scary thought, considering they’re the defending WNBA champions and already had Breanna Stewart, Sabrina Ionescu and Jonquel Jones. But Cloud, with her size, versatility and ability to get to the rim, elevates New York’s offense while making the Liberty even more disruptive defensively.
“We’ve never really had someone quite like her,” coach Sandy Brondello said before Thursday night’s game against the Chicago Sky. “When you talk about shot profile and getting to the rim, we have someone now who can really get downhill.
“That certainly adds to what we’re trying to do,” Brondello added.
Cloud leads the Liberty in scoring (20 points) and assists (8.5) through the first two games, and is third in the WNBA in efficiency.
But what really stands out is that New York is shooting 51.5% from the floor and almost 42% from 3-point range while averaging 13 turnovers. The Liberty also lead the league in steals and blocks.
It is, admittedly, a small sample size, and one of New York’s victories was against the Sky, who very much remain a work in progress. But the Liberty opened the season with a thumping of A’ja Wilson and the Las Vegas Aces.
Cloud had 22 points in that one, including two consecutive three-point plays to spark an 8-0 run that broke the game open in the fourth quarter.
“Her home opener was great,” Stewart said. “Her energy is kind of contagious and infectious.”
Cloud makes no secret of how thrilled she is to be in New York. Drafted in the second round by the Mystics, she spent her first eight seasons in Washington. (She took the 2020 season off to advocate for social justice reform.) She won a title in 2019 and, in 2022, led the league in assists and was all-defensive first team.
She went to Phoenix as a free agent last year. But with Diana Taurasi retiring and the Mercury retooling, Cloud was shipped to the Connecticut Sun in February of this year.
The Sun are a perennial playoff contender, but the team has struggled to keep pace with the rest of the league in terms of facilities and amenities. Knowing Cloud had considered New York as a free agent previously and sensing an opportunity, Liberty general manager Jonathan Kolb spent weeks trying to wrest her away from the Sun.
“There was nowhere else that I wanted to be than New York,” said Cloud, who grew up in Philadelphia and played at Saint Joseph’s. “I called my agent and said, ‘If they’re ready for me, I’m really, really ready.’ So when I tell you I appreciate being here, there was a lot of work that went on behind the scenes.”
Cloud said she was grateful Jen Rizzotti and Morgan Tuck, the Sun’s president and GM, respectively, understood that she preferred to be in New York and didn’t try to stand in her way. Especially since the Sun had lost several key players in the off-season.
On March 16, Cloud was traded again, with the Liberty sending the Sun two first-round picks. Connecticut used the first of those to take Aneesah Morrow at No. 7 in the draft and will have the other for next year.
“I’m so happy to be where my feet are today. I’m with one of the top organizations, from off the court to on the court. With everything that happened in the off-season, to be where I am today, I’m just extremely grateful,” Cloud said.
The Liberty’s core is established — duh, they won a title last year — but Cloud quickly found her place within it. It helped that she was teammates with Sabrina Ionescu at Unrivaled, and Cloud fessed up that she’d tried to recruit Stewart to the Mystics.
But mostly it’s because Cloud knows her strengths and her role.
“The biggest thing for me was to just add something that was already a well-oiled machine. And how I do that is just being myself. I’m the dog of the team. I’m the energy,” said Cloud, who does tend to make the Energizer Bunny look like a sloth.
“I’m a big connecting piece,” she added. “They already had a really close environment and close chemistry, and I feel like I just kind of bear hug everybody in.”
It is, again, early. Really early. But if Cloud and the Liberty can be thriving this quickly, imagine what they’ll look like come September and October.
Or don’t if you’re a fan of another team.
‘I know my first game put high expectations,’ Cloud said. ‘I really am just trying to be better each day for this team.’
And in doing so, make the Liberty better.
Follow USA TODAY Sports columnist Nancy Armour on social media: @nrarmour.
The picture of the coveted Oklahoma City Eight of the NCAA softball tournament bracket is starting to become clearer.
Behind star pitcher NiJaree Canady, No. 12 Texas Tech on May 23 became the first team to advance to the Women’s College World Series. The Red Raiders upset No. 5 national seed Florida State in a clean two-game sweep.
There remain seven more tickets around the country to be claimed. The next team that can join that can join Texas Tech in the WCWS could be No. 11 Clemson, who took Game 1 of the Austin Super Regional in an upset against No. 6 Texas on May 22.
All spots in the WCWS can be all locked up by the end of Saturday. No. 2 Oklahoma looks to punch its ticket to the WCWS for the ninth consecutive season, in which Patty Gasso’s Sooners will look to win their fifth straight national championship.
Action in Oklahoma City gets underway on Thursday, May 29 with a quadruple header of first-round games at Devon Park.
Here’s what you need to know about who is advancing to the Women’s College World Series, including a first look at the matchups in Oklahoma City and more:
Watch the Women’s College World Series live with Fubo (free trial)
This section will be updated as teams secure their spot in the WCWS after winning their super regional
The Women’s College World Series will start on Thursday, May 29 at Devon Park in Oklahoma City and run through either Thursday, June 5 or Friday, June 6, depending on whether the WCWS championship series needs the ‘if necessary’ Game 3 to be played or not.
Here’s a breakdown of the Thursday and Friday schedule for the 2025 WCWS, including first pitch times and TV information:
All times Eastern
Thursday, May 29
Friday, May 30
The entirety of the Women’s College World Series will be nationally televised across the ESPN family of networks: ESPN, ESPN2, ESPNU and ABC. Streaming options for the WCWS include the ESPN app (with a TV login) and Fubo, which carries the ESPN family of networks and offers a free trial to new subscribers.
Here’s the full 2025 NCAA softball tournament schedule:
The number two is extremely important to Las Vegas Raiders running back Ashton Jeanty.
“It just means a lot to me and my family. A lot of my family who played sports wore No. 2,” Jeanty told USA TODAY Sports, during a promotional appearance with Sharpie. “Then I was born on December 2. The legacy, the greatness, and I was born that day. There’s just a lot of meaning behind it. And for the brand, I wasn’t willing to give it up.”
Jeanty wore No. 2 at Lone Star High School in Frisco, Texas, and at Boise State, where he became the school’s all-time leading rusher, achieved the second-highest single-season rushing total in FBS history and was a Heisman Trophy finalist.
When the Raiders selected Jeanty in the first round of the 2025 NFL Draft, he wanted to wear No. 2 at all costs.
Literally.
Jeanty negotiated with Raiders kicker Daniel Carlson for the number. Carlson had worn No. 2 for the past five seasons. The kicker sported No. 8 when he first joined the Raiders in 2018 but changed to No. 2 to accommodate Marcus Mariota when the QB arrived.
Fast forward to now, Carlson is going back to No. 8 because Jeanty paid a hefty price for the number.
Jeanty told Kay Adams this week on ‘Up and Adams’ that he paid six figures for the number. The running back confirmed the price tag to USA TODAY Sports.
“It’s true,” Jeanty said.
Jeanty wouldn’t specify the exact amount he paid for his beloved number, but the running back did say Carlson could purchase a luxury car.
“He could buy a nice Mercedes,” a smiling Jeanty said.
The Raiders officially signed Jeanty to his rookie contract on May 8. His contract is worth a total value of $35.9 million, so it’s safe to say he could afford the six-figure amount he paid Carlson.
Follow USA TODAY Sports’ Tyler Dragon on X @TheTylerDragon.
NEW YORK — The Indiana Pacers are going home with a commanding 2-0 lead in the NBA’s Eastern Conference finals after again silencing the Madison Square Garden crowd with a 114-109 victory over the New York Knicks on Friday.
Pascal Siakam led the Pacers with 39 points as all five Indiana starters scored in double figures. The Knicks will try to come back from an 0-2 deficit to make it to the Finals. These very Pacers pulled off the trick last season against the Knicks in the semifinal round and won Game 7 in New York to advance to the Eastern Conference finals.
The Pacers’ power forward came out strong, scoring 23 points in the first half to handle the early scoring load as Indiana took an early 10-point lead. He finished with 39 points (15-of-23 FG, 3-of-5 3-point FG) and carried the team for the majority of the game until the rest of the starters picked it up in the second half. Siakam, who helped lead the Toronto Raptors to the 2019 NBA championship, set a playoff career high. Tyrese Haliburton, who only scored two points in the first half, finished with 14 points, 11 assists and eight rebounds.
Just like the world champion Boston Celtics did in the semifinals, this time it was the Knicks’ opportunity to squander the first two games at home and find themselves having to win four of the next five games to advance to their first NBA Finals since 1999. At the beginning of the fourth quarter, the reserves couldn’t keep the game close, and Jalen Brunson, who had 36 points and 11 assists, couldn’t bring the Knicks back.
The Pacers’ ability to get to the paint almost at will hurt the Knicks, especially in the fourth quarter. Indiana took advantage of New York’s smaller guards, and when they weren’t scoring with uncontested layups or getting fouled, the Pacers’ outside shooters capitalized.
The do-everything guard for the Knicks was a non-factor, getting into foul trouble early and never finding his groove. He finished with six points on 2-of-3 shooting and six rebounds in 29 minutes of action.
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On Wednesday, only 4% of the S&P 500’s holdings logged gains — a pretty rare occurrence. Since the start of 2024, this has only happened three other times:
Let’s recall that major trading lows were etched last August, and again just a few weeks ago in early April. The S&P 500 ($SPX) dropped 10% and 21%, respectively, from its peak to trough both times, with the lows being marked by emphatic capitulation events (April 7 was the real pivot low). The market’s rubber band violently snapped back in the ensuing weeks, both times.
FIGURE 1. PAST LOWS IN THE S&P 500 INDEX. Note the rebounds following the August 5, December 18, and April 4 drops.With the SPX now having gained 20% from the April low, the setup is more like mid-December 2024. The index had just gained 19% from early August through early December and was hovering near 6,100. The FOMC’s actions put a major dent in the calm uptrend.
The S&P 500 didn’t completely crumble after that, spending the next 10 weeks backing and filling. But the market’s character changed, and the cracks eventually gave way to the waterfall decline.
So, what does that tell us about this moment? There’s a clear risk given the one-sided advance the last few weeks, but, with bullish patterns still in play and the $SPX having built up a big cushion, it can afford to back and fill again now. It’s the first gut punch in four weeks, and the market must prove it can absorb it.
The drawdown measured from this Monday’s high now stands at -2.4% — most of which happened on Wednesday. Given how small the moves have been over the last few weeks, Wednesday’s big decline hit the 14-period relative strength index (RSI) on the two-hour chart very hard. It’s now at 41, which is very close to the 30-oversold threshold.
Again, we’ve seen the short-term indicator fall to oversold territory several times, even during the market’s upswing from August through December. Seeing that happen again this time wouldn’t be a surprise. If it happens, it will be important to see the ensuing bounce pull the SPX back to overbought territory relatively soon. Remember, we went nearly four months between overbought readings from late January through mid-May.
FIGURE 2. TWO-HOUR CHART OF THE S&P 500 WITH RSI.
Despite the sell-off, there was no change in the patterns at work. The two bullish patterns remain in play, with targets of 6,125 and 6,555, respectively. The S&P 500 started Thursday, at about 2.5% above the last breakout zone (5,695).
FIGURE 3. DAILY CHART OF THE S&P 500 WITH BULLISH PATTERNS. Here you see the pattern with a 6,125 target.
FIGURE 4. DAILY CHART OF S&P 500 WITH 6,555 PRICE TARGET.
Not surprisingly, the Cboe Volatility Index ($VIX) gained 15% on Wednesday in response to the market’s sell-off. It remains close to 20, but continues to log higher lows, which has been the trend since late 2024. Indeed, it’s way off spike highs from April, but it’s a trend worth watching.
Let’s recall that the VIX never truly capitulated in 2022, but its trend of higher lows coincided with the equity market’s downtrend. When the SPX logged a true low in October 2022, lower lows in the VIX became evident. This lasted through this past summer.
If the snapback in the SPX turns into a longer, new uptrend, the VIX’s uptrend will morph into a downtrend again.
FIGURE 5. WEEKLY CHART OF THE CBOE VOLATILITY INDEX ($VIX).
The bullish pattern in the weekly 30-Year Treasury yields and 10-Year Treasury yields is crystal clear. An acceleration through the 2023 highs after Wednesday would have an obvious negative effect on stocks.
As discussed before, the equity market has shown it can advance with higher rates, as long as said rates go higher gradually. The intermittent up-moves in rates have been capped for the last two years as well. Thus, stocks have been able to withstand it. That wasn’t the case from January to September 2022, and that’s the potential concern.
FIGURE 6. WEEKLY CHART OF THE 30-YEAR US TRASURY YIELD INDEX.
FIGURE 7. WEEKLY CHART OF THE 10-YEAR US TREASURY YIELD INDEX.
So far, Bitcoin has maintained noticeable relative strength even as stocks got hit hard on Wednesday. Simply put, continuing to hold above this breakout zone would keep the new measured move target of 142k in play.
FIGURE 8. WEEKLY CHART OF $BTCUSD WITH ITS MEASURED MOVE TARGET.
From another perspective, this move can also be viewed as the fourth wedge breakout since 2023. The prior three times, BTC’s 14-week RSI stayed very overbought for weeks before slowing down. The 14-week RSI is just approaching overbought levels, which suggests it has further to go.
FIGURE 9. WEEKLY CHART OF $BTCUSD WITH WEDGE BREAKOUTS AND RSI.
In this video, Joe shares how to use MACD and ADX indicators to analyze stock pullbacks, focusing on the good while avoiding the weak setups. He explains how these indicators can complement one another. Joe then shows the Summary Page in ACP and how he uses it on a regular basis to look at different markets, including the SPX, COMP, S&P 600, 10-Year Rates, Copper, Gas, and a few Country Funds. Finally, he goes through the symbol requests that came through this week, including CRSP, VC, and more.
The video premiered on May 21, 2025. Click this link to watch on Joe’s dedicated page.
Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.
(TheNewswire)
Vancouver, British Columbia TheNewswire – May 22, 2025 Element79 Gold Corp. (the ‘Company’ or ‘Element79’) (CSE: ELEM, OTC: ELMGF, FSE: 7YS0) wishes to comment on recent developments affecting the mining sector in Peru, where the Company’s flagship Lucero Project is located.
Highlights:
The Peruvian government has enacted Supreme Decree No. 009-2025-EM , transferring oversight of small-scale and artisanal mining from regional governments to the Ministry of Energy and Mines (MINEM) .
The deadline for the mandated Formalization of REINFO (Comprehensive Mining Formalization Registry) permit holders with mineral right holders has been extended until December 31, 2025 , giving operators more time to formalize.
MINEM’s Directorate General of Mining Formalization will now handle all administrative, monitoring, and enforcement processes related to mining formalization.
Reform is grounded in Law No. 32213 , published in December 2024.
A new national traceability platform (SIPMMA) is being launched to improve transparency and monitoring of registered small-scale mining operations.
The reform has raised concerns among regional governments over loss of local oversight and potential impacts on decentralized governance.
The Lucero Project remains a core focus , with continued efforts to formalize local artisanal miners and advance exploration toward production.
The Company reaffirms its commitment to social investment and long-term community relationships in Chachas and surrounding areas.
In May 2025, the Government of Peru enacted Supreme Decree No. 009-2025-EM, which extends the validity of the Comprehensive Mining Formalization Registry (REINFO) until December 31, 2025, and shifts responsibility for supervising small-scale and artisanal mining from regional governments to the Ministry of Energy and Mines (MINEM).
Under this reform, the Directorate General of Mining Formalization within MINEM will assume exclusive responsibility for the administrative processing, monitoring, and enforcement of formalization-related matters. The changes are grounded in Law No. 32213, published in December 2024, and are designed to enable a more centralized, technical, and transparent regulatory process.
This centralization will be further supported by the implementation of a new national traceability platform, the Sistema Interoperable de la Pequeña Minería y Minería Artesanal (SIPMMA), which aims to improve oversight and data integration across registered mining activities.
While the reform has raised concerns among regional governments regarding reduced local oversight and the implications for decentralized governance, Element79 believes the changes may ultimately contribute to improved regulatory clarity and operational efficiencies across the sector.
‘We are closely monitoring this policy shift and its implementation,’ commented James Tworek, CEO and Director of Element79 Gold Corp. ‘Given Lucero’s location and strategic focus within the artisanal and small-scale mining segment, we view enhanced regulatory structure and centralized oversight as potentially beneficial, provided that community engagement and regional collaboration remain part of the process.’
The Company further notes that the extension of the REINFO deadline through December 2025 allows additional time for regional operators and stakeholders to advance their formalization efforts, which may support ongoing engagement strategies with artisanal miners operating within and around the Lucero Project.
Element79 Gold Corp believes in the long-term potential of the Lucero Project, continues to maintain the project’s mineral leases, and is proud of the community-based investments, social development efforts, and relationships it has built since acquiring Lucero at the end of June 2022. The Company will continue its efforts in forging contracts with the local community for both the formalization of local artisanal miners as well as the Company’s own exploration and development of Lucero into a producing mine.
Corporate Strategy Refocus
In addition to ongoing efforts and campaigns to work in Chachas, the Company’s management and board identifies that following notable successes in developing and monetizing assets in Nevada, it will be carrying out a renewed strategic focus in the region. This strategic shift will include dealing and development of its current portfolio of Nevada projects, growth of the management team with regionally-specific exploration experience, as well as is reviewing additional M&A opportunities in the region.
For more information about the Company and its projects, please visit: www.element79.gold
ON BEHALF OF THE BOARD OF DIRECTORS
James C. Tworek
Chief Executive Officer, Director
Element79 Gold Corp.
E: jt@element79.gold
Investor Relations Contact:
E: investors@element79.gold
T: +1.403.850.8050
About Element79 Gold Corp.
Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver projects in the Americas. The Company’s flagship asset, the Lucero Project, is a past-producing high-grade gold-silver mine located in Arequipa, Peru. The Company is actively advancing Lucero toward renewed production and tailings reprocessing while supporting formalization initiatives with local operators.
The Company also holds several exploration projects along Nevada’s Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025. Additionally, Element79 has transferred its Dale Property in Ontario to its subsidiary, Synergy Metals Corp., as part of a Plan of Arrangement spin-out process.
Cautionary Note Regarding Forward-Looking Statements
This press contains ‘forward‐looking information’ and ‘forward-looking statements’ under applicable securities laws (collectively, ‘forward‐looking statements’). These statements relate to future events or the Company’s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management’s experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the timing and completion of the arrangement and the timing and completion of the amalgamation. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘forecast’, ‘potential’, ‘target’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’ and similar expressions) are not statements of historical fact and may be ‘forward‐looking statements’.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Copyright (c) 2025 TheNewswire – All rights reserved.
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Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the ‘TSXV’) effective May 23, 2025.
The TSXV classifies issuers into different tiers based on various factors, including financial performance, stage of development, and available resources. Tier 1 is the TSXV’s highest designation and is reserved for more advanced companies with significant financial resources. This upgrade signifies Silver47’s continued growth and its commitment to providing long-term value for its shareholders.
As a result of this graduation to Tier 1 status, the securities of Silver47, previously subject to the escrow provisions of Tier 2 issuers, will now be governed by the release provisions of Tier 1 issuers, with the securities being released over an 18-month period. The following securities will be immediately releasable: 3,952,748 common shares, 462,500 options, and 131,250 restricted share units and/or any common shares after the exercise of such convertible securities. The remaining escrowed securities will be releasable as follows: 3,952,763 common shares, 462,500 options, and 131,2500 restricted share units will be releasable on November 14, 2025, which is 12 months from listing (and/or any common shares after the exercise of such convertible securities); and 3,952,764 common shares, 462,500 options, and 131,250 restricted share units will be releasable on May 14, 2026, which is 18 months from listing (and/or any common shares after the exercise of such convertible securities).
About Silver47 Exploration Corp.
Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated March 2, 2023. The Company also owns the Adams Plateau Project in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the Michelle Project in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Common Shares are traded on the TSXV under the ticker symbol AGA.
For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’.
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On Behalf of the Board of Directors
Mr. Gary R. Thompson
Director and CEO
gthompson@silver47.ca
For investor relations
Meredith Eades
info@silver47.ca
778.835.2547
No securities regulatory authority has either approved or disapproved of the contents of this release. 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 release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: trading as a Tier 1 issuer on the TSX Venture Exchange and release from escrow of escrowed shares; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.
No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253159
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