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Jake Paul flaunts wealth online after loss to Anthony Joshua

Sport 2 Mins Read

Jake Paul knows how to draw in a crowd. He knows how to market himself. He knows how to bring in the big bucks. Unfortunately for him, taunting a former two-time heavyweight champion and then getting knocked out is priceless. There is no rebounding from that.

That won’t stop Paul from trying though. The YouTuber-turned-boxer took to Instagram on Monday to flaunt vast wealth, guns and cigars aboard what appears to be a private plane.

At least seven guns can be seen in the photo, ranging from pistols to rifles, and only a higher power could possibly know how much money is in frame.

Regardless, fans are not responding well to the image, with many comments clowning Paul for such a post, from typos to the blatant superiority complex to everything in between.

What is Jake Paul’s net worth?

According to Celebrity Net Worth, Jake Paul is estimated to be worth around $200 million. His fight with Anthony Joshua netted him an additional $94 million per reports.

What is Jake Paul’s boxing record?

Paul owns a 12-2 career record with seven of those wins coming via knockout — the first time in his career that he had lost in such a manner. His loss against Anthony Joshua was his first defeat since 2023, when he lost via split decision to Tommy Fury.

Paul’s injuries

Paul suffered a fractured jaw during his fight against Anthony Joshua. The jaw was broken in two places, and Paul needed surgery to insert metal plates on each side. Paul also noted that a few of his teeth needed to be removed as well.

Despite the injuries though, Paul is not backing down from his professional boxing career. ‘We’re going to heal the broken jaw, come back and fight people my weight and go for the cruiserweight world title,’ Paul said on social media.

Paul has hinted that his next fight will be against Canelo Alvarez, but nothing has been confirmed on that front as of yet.

This post appeared first on USA TODAY

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Nico Iamaleava announces where he will play in 2026

Sport 3 Mins Read

Nico Iamaleava is staying put.

The quarterback announced on Monday, Dec. 22 he will be returning to UCLA, choosing to stay with the Bruins instead of transferring or turning pro in a major get for incoming coach Bob Chesney.

Iamaleava’s decision to return is somewhat surprising as there was uncertainty about what his next move would be. After UCLA ended the season with a loss to rival Southern California, Iamaleava said it was ‘a great learning year’ for him and he hadn’t thought about whether he would stay or transfer. He could have departed and if he had decided to leave, there were expected to be plenty of suitors who would want him for 2026.

However, Iamaleava put all of it to rest before the transfer portal even opened on Jan. 2.

Iamaleava is one of the most followed quarterbacks since his high school days in Southern California, as he’s been a model for how name, image and likeness has changed college football.

He had a highly followed departure from Tennessee after he had led the Volunteers to the College Football Playoff. Iamaleava opted to return back to his home state of California and play for UCLA. His choice was intriguing as he was a high-profile player joining a middling team that was coming off a 5-7 season, but hoped it would be a place where he could prove he could be an NFL quarterback.

It ended up not being the season UCLA had hoped. The Bruins started the campaign 0-4 and coach Deshaun Foster was fired after UCLA lost by 25 points to New Mexico in Week 3. UCLA finished the season 3-9, its worst since 2018, and lost its last five games.

Despite the tough season, Iamaleava provided some bright moments and showed why he was a five-star recruit and coveted transfer with his powerful arm, mobility and quick decision-making. He led UCLA to an upset of then-No. 6 Penn State, throwing for 166 yards and had a game-high 130 rushing yards with five total touchdowns to get the first win of the season.

It was the start of a three-game winning streak that brought some optimism back to UCLA before the rough finish. Even though the Bruins had five losses to end the season, Iamaleava showed grit and continued to play through some injuries he suffered during the skid, missing just one game.

In 11 games, Iamaleava had 1,928 passing yards, 13 touchdowns and seven interceptions, while also being the team’s leading rusher with 674 yards and four touchdown runs. 

After UCLA ended the season with a loss to rival Southern California, Iamaleava said it was ‘a great learning year’ for him and he hadn’t thought about whether he would stay or transfer. It was widely believed he could depart and if he had decided to leave, there were expected to be plenty of suitors for his services.

Instead, Iamaleava stays home to play under Chesney, who arrives after guiding James Madison to the playoff. Iamaleava gives the new coach a starting point for building his first roster in Westwood as he doesn’t have to look for a new signal-caller, but can build an offense around the quarterback.

Just finishing his redshirt sophomore season, Iamaleava has two years of eligibility left in his college career. 

This post appeared first on USA TODAY

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Steelers star suspended 2 games for physical altercation with fan

Sport 2 Mins Read

Metcalf was suspended for two games for the incident, in which he appeared to grab the shirt of a fan wearing a blue wig in the front row before shoving him.

Metcalf plans to appeal the suspension, according to multiple reports.

If the ban stands, Metcalf will miss the remainder of the regular season. The Steelers, however, can clinch the AFC North before playing Sunday’s game against the Cleveland Browns if the Baltimore Ravens fall to the Green Bay Packers on Monday. If the Ravens win and the Steelers lose, however, Metcalf would be out for the Week 18 showdown between the two teams that would decide the division.

The two-time Pro Bowl wide receiver, who did not speak to reporters after the game, was not removed from the Steelers’ 29-24 win over the Lions after the clash. Steelers coach Mike Tomlin did not divulge any details after the game about how the team handled the episode.

‘I heard about it, but I hadn’t seen it and I hadn’t had an opportunity to talk to DK, and so I have no comment,’ Tomlin said.

The fan spoke with the Detroit Free Press of the USA TODAY Network and identified himself as his name was Ryan Kennedy from Pinckney, Michigan. He said he called Metcalf by his full legal name – DeKaylin Zecharius Metcalf – and that the receiver then ripped his shirt.

On Monday, he issued a statement denying allegations he had used ‘any racial, misogynistic, or hate-based language during the incident.’

Metcalf was not subject to discipline from the league during the game because officials did not flag him.

The Lions spoke with the fan about the incident but did not eject him, the team told the Free Press.

Metcalf, 28, was traded to the Steelers this offseason, signing a four-year, $132 million extension as the top weapon for new quarterback Aaron Rodgers. His 56.7 yards per game, however, is his lowest average since his rookie season.

This post appeared first on USA TODAY

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NBA power rankings: 76ers rise, Thunder hit speedbump

Sport 4 Mins Read

As the five-game Christmas Day slate nears, the NBA has turned the page from the focus on the NBA Cup.

And though the Oklahoma City Thunder have dropped two of their last three games, it still may be too early to say that the team has long-term vulnerabilities, especially since those losses came against excellent Western Conference teams in the San Antonio Spurs and Minnesota Timberwolves.

Out East, things are a little more wide open, where it looks like there are a handful of teams that can compete for a conference title.

Here are USA TODAY Sports’ NBA power rankings after Week 8 of the 2025-26 regular season:

USA TODAY Sports NBA power rankings

Note: Records and stats through Dec. 21. Parentheses show movement from last week’s rankings

NBA Week 9 power rankings: Top 5

1. Oklahoma City Thunder, 25-3 (—)

2. Detroit Pistons, 22-6 (—)

3. San Antonio Spurs, 21-7 (—)

4.New York Knicks, 20-8 (+1)

5.Denver Nuggets, 20-7 (-1)

Atop the list there’s a relative lack of movement, but the interesting development is whether Oklahoma City is merely hitting a speedbump, or whether there are significant holes. The Spurs, however, look like a team that can compete regularly with the Thunder, given their size and defensive capability and their speed at guard. The Knicks, fresh off their NBA Cup championship, have won 12 of their last 14 games.

NBA Week 9 power rankings: Nos. 6-10

6. Los Angeles Lakers, 19-8 (+1)

7. Minnesota Timberwolves, 19-10 (+1)

8. Houston Rockets, 17-9 (-2)

9. Boston Celtics, 17-11 (—)

10. Philadelphia 76ers, 16-11 (+5)

The Rockets have taken a bit of a tumble, losing four of their last six, and the quality of some of those defeats are concerning; losses against the Kings and Pelicans shouldn’t be happening. Anthony Edwards splashed his game-winning 3 over the Thunder, and the Timberwolves and their sixth-ranked defensive rating (112.3) suddenly have some swagger. And Tyrese Maxey, who is third in the NBA in scoring at 31.7 points per game, has the 76ers soaring.

NBA Week 9 power rankings: Nos. 11-15

11. Orlando Magic, 16-12 (-1)

12. Phoenix Suns, 15-13 (-1)

13. Toronto Raptors, 17-13 (-1)

14. Cleveland Cavaliers, 15-14 (+2)

15. Atlanta Hawks, 15-15 (-1)

The Magic have sputtered a bit recently, losing four of their last seven games, though there is a caveat here: those losses have come against the Spurs, Knicks (twice) and Nuggets, who have a combined winning percentage of .730. The Cavaliers need to confront their roster and whether they should be aggressive at the trading deadline.

NBA Week 9 power rankings: Nos. 16-20

16. Chicago Bulls, 13-15 (+4)

17. Memphis Grizzlies, 13-15 (+1)

18. Miami Heat, 15-14 (-5)

19. Golden State Warriors, 14-15 (-2)

20. Dallas Mavericks, 11-18 (-1)

The Bulls have won three consecutive and second-year forward Matas Buzelis has dropped 52 points on 73.1% shooting over his last two games. With Tyler Herro (toe) missing time, the Heat have won just two of their last 10 as their shooting has dipped in the last month. At this point, it’s clear the Warriors need to tweak the construction of their roster to give Stephen Curry (28.8 points per game; ninth in the NBA) some more help.

NBA Week 9 power rankings: Nos. 21-25

21. Portland Trail Blazers, 12-16 (+1)

22. Utah Jazz, 10-17 (+2)

23. Milwaukee Bucks, 11-18 (-2)

24. Charlotte Hornets, 9-19 (-1)

25. Brooklyn Nets, 8-19 (—)

Despite ranking 11th in the Eastern Conference, the Bucks somehow have the NBA’s second-best effective field goal percentage (57.4%), which adjusts for 3-point shots. Utah ranks seventh in the NBA in points per game (119.9) and sixth in rebounds per game (45.7). The Nets have won five of their last eight, as Michael Porter Jr. (25.6 points per game) has started to carry the offense for Brooklyn.

NBA Week 9 power rankings: Nos. 26-30

26. New Orleans Pelicans, 7-22 (+3)

27. Indiana Pacers, 6-22 (-1)

28. Los Angeles Clippers, 7-21 (-1)

29. Sacramento Kings, 7-22 (-1)

30. Washington Wizards, 5-22 (—)

New Orleans has gotten a massive boost in Zion Williamson’s return, even though he has come off the bench in his three games back. Nonetheless, the Pelicans have won four consecutive. No team has been worse at possessing the ball than the Clippers, who rank dead last in turnover percentage (16.6%). And Washington’s defensive rating of 122.7 is nearly 20 points lower than the league’s top team, the Thunder (103.2).

This post appeared first on USA TODAY

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Investing

Questcorp Mining

Investing 6 Mins Read

Investor Insight

With a tight capital structure, experienced management and strategic gold, silver and copper project locations near major past-producing mines, Questcorp is well-positioned to deliver discovery-driven growth to investors.

Overview

Questcorp Mining (CSE:QQQ,OTC:QQCMF,FSE:D910) is a Canadian junior exploration company focused on unlocking value in two high-potential mineral districts: the Sonoran Gold Belt in Mexico and Vancouver Island in British Columbia.

The company aims to build shareholder value through disciplined exploration of assets with near-surface mineralization and proven geologic continuity. The company operates in mining-friendly jurisdictions, close to infrastructure and within major metal-producing belts. Its flagship La Union gold project offers high-grade gold-silver-lead-zinc potential in Mexico, while the North Island copper project provides exposure to porphyry copper and skarn systems in a district that hosts multi-billion-pound copper resources.

With gold prices near all-time highs and a copper supply crunch emerging, Questcorp is targeting discoveries that can drive exponential value from a tightly held share structure.

Company Highlights

  • Flagship Asset – La Union Gold Project (Mexico): A high-grade carbonate replacement gold system in the Sonoran Gold Belt, boasting historical production, strong geologic signatures and drill-ready targets with >80 g/t gold surface samples.
  • Copper Exposure in Tier-1 Jurisdiction: The North Island copper project lies just north of BHP’s historic Island Copper Mine. It shows promising porphyry and skarn-style mineralization and is adjacent to Northisle’s multi-million-ounce copper-gold deposits.
  • Tight Capital Structure and Strategic Investors: ~93 million shares outstanding with over 80 percent held by long-term, high-net-worth, US and International investors with 3-5 year investment window.
  • Execution-focused Management: Led by Founding President & CEO Saf Dhillon, a veteran builder of public companies, and geologist Tim Henneberry, with over 45 years of global exploration success.
  • Immediate Catalysts: Near-term exploration at both assets with active permitting, drill programs and news flow expected throughout 2025.

Key Projects

La Union Gold Project – Sonora, Mexico (Flagship Asset)

The La Union gold project is a 2,604-hectare, road-accessible high-grade carbonate replacement deposit (CRD) located at the edge of the Sonoran Gold Belt, one of the richest gold-producing regions in Mexico. The property is located near major mines, including La Herradura (6.7 Moz, measured and indicated) and San Francisco (1.4 Moz, measured and indicated), and boasts historical production from underground operations by Peñoles and others, reportedly yielding ~50,000 ounces of gold in the 1950s at grades of 7 to 20 grams per ton (g/t) gold.

La Union gold project location

Work done to date includes consolidation of seven historical properties into a single district-scale project by Riverside Resources, which invested more than US$2.5 million in geological mapping, sampling and target definition. Sampling has returned high-grade grab samples including 83.2 g/t gold, 4,816 g/t silver, 30 percent zinc, and 19.8 percent lead. Channel sampling and geological work identified eight mineralized zones, three of which – Plomito, La Famosa and La Union – are drill-ready and fully permitted.

Geology and history of La Union

Questcorp executed a definitive agreement with Riverside in May 2025 to earn up to 100 percent interest in the project. The planned Phase I program includes drilling 10 diamond drill holes averaging 300 meters in depth across the three priority targets, alongside geophysical (gravity and EM) surveys to refine targets. Questcorp will also continue surface exploration at the remaining five targets to identify additional drill candidates. The project’s polymetallic nature and porphyry potential at depth suggest significant resource upside. Riverside remains as the operator during the earn-in, bringing proven success in similar deposits such as Alamos Gold’s Mulatos.

North Island Copper Project (NICP) – Vancouver Island, BC

The North Island copper property is an exploration-stage project located on the northern tip of Vancouver Island, approximately 7.5 km northwest of BHP’s historic Island Copper Mine. The Island Copper operation historically produced 1.2 billion kg copper, 35,268 kg gold, 360,800 kg silver, and significant molybdenum and rhenium from 367 million tonnes of ore, underscoring the district’s endowment.

NICP hosts eight documented copper-silver skarn occurrences and displays porphyry-style mineralization associated with the Island Intrusive suite. The property is geologically anchored by two main target areas: skarns associated with Quatsino limestones in the east and a porphyry copper target to the west, known as the Marisa Zone. Historical drilling by previous operators at Marisa intersected broad zones of copper mineralization, including:

  • DDH92-01: 0.078 percent copper over 56.39 m, including 0.171 percent copper over 16.17 m
  • DDH92-03: 0.041 percent copper over 70.71 m, with increasing grade at depth

Despite promising results, these zones were never followed up. Questcorp intends to revisit and expand on this historic work. The next steps include completing a 3D induced polarization (IP) survey to model chargeability and resistivity anomalies, followed by a focused drill campaign targeting extensions of the Marisa porphyry.

The project benefits from excellent access via the Vancouver Island Highway and logging roads, plus nearby hydro infrastructure, offering low-cost exploration potential. With a favorable neighborhood, including Northisle Copper & Gold Inc. (TSXV:NCX) with a ~$800 million market cap, NICP represents a high-upside copper exploration story in a Tier-1 jurisdiction.

Founding Directors and Management Team

Saf Dhillon – President, CEO and Director

Saf Dhillon has been involved in the development of public companies for over 20 years, holding various positions including investor relations, business development and senior management, as well as board directorships, building an extensive worldwide list of contacts. He was a key member of the Idaho-based US Geothermal’s management team, which grew the company from an approximately US$2 million startup to a successful independent renewable energy power producer with three new power plants operating in the Pacific Northwest. Saf is President & CEO of iMetal Resources Inc. (TSXV:IMR), President & CEO of Bayridge Resources Corp. (CSE:BYRG). He is also a founding director of Torrent Gold (CSE:TGLD), a board member of Lake Winn Resources (TSXV:LWR), and provides assistance to several other private and public companies.

R. Tim Henneberry – Director

R. Tim Henneberry is a professional geoscientist with over 43 years of experience in domestic and international exploration and production for base and precious metals and industrial minerals. He founded Mammoth Geological in 1991, providing geological consulting services to numerous private and publicly traded companies. Henneberry has been involved in senior management of several TSX Venture and CSE-listed companies over the last 30+ years, serving as director, senior officer or advisor, including the founding of several.

Scott Davis – Director

Scott Davis is a partner of Cross Davis & Company LLP, Chartered Professional Accountants, providing accounting and management services for publicly listed companies. His experience includes CFO positions of several companies listed on the TSX Venture Exchange, and his past experience consists of senior management positions, including four years at Appleby as an assistant financial controller. Prior to that, he spent two years at Davidson & Company LLP, Chartered Professional Accountants, as an auditor, and five years with Pacific Opportunity Capital as an accounting manager.

This post appeared first on investingnews.com

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International Lithium Corp. AGM Chairman’s Statement

Investing 8 Mins Read

International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the ‘Company’ or ‘ILC’) will hold its 2025 Annual General Meeting today, December 22, at 9.30 a.m. Pacific Time. At that meeting, John Wisbey, Chairman and CEO, will make the following statement:

‘Good morning, and welcome to the 2025 Annual General Meeting of International Lithium Corp. (‘ILC’ or the ‘Company’). I would like to share a few comments on the year-to-date and the outlook ahead before proceeding with formalities.

‘In summary, 2025 has been a successful year for ILC, improved further by a major turnround in the lithium market from June onwards. The Company completed the sale of its Avalonia property in Ireland, and made a major advance in Southern Africa through obtaining an option to acquire an 80% interest in the company owning the important Karibib project in Namibia. It is important to note that ILC has become much more than a lithium company, and the expansion into other critical minerals will be especially notable if ILC exercises its option in Namibia. As well as lithium, the Karibib project contains the largest declared rubidium resource in Africa, and also enough cesium that, when refined, would meet a year of global demand. Rubidium and cesium are both valuable critical metals with multiple commercial uses.

‘The year for the lithium market has been one of two halves. In H1 2025, the lithium price, and that of related minerals such as spodumene, continued to be very weak, reaching a low in June of circa 10% of the 2023 highs. This, combined with the resultant impact on share prices, was painful for every company in the lithium sector, including ILC. However, in H2 2025, the position has seen a considerable improvement.

‘While much of the commodity market’s focus has been on gold, silver and platinum, the rebound in lithium prices has not been widely reported and has been largely overlooked. Yet in H2 2025, the spodumene price has risen by more than 100%, outperforming all precious metals. Most of that gain has come in Q4 2025. The main benchmark lithium carbonate price Li2CO3 has risen by around 65% from its June 2025 lows. If this trend continues, it will be very positive for the lithium sector.

‘The Company’s flagship Raleigh Lake project in Ontario, Canada is again, at today’s prices for spodumene, an economically viable project even if ILC were to focus solely on lithium. Moreover, it also carries a significant rubidium resource, and one of ILC’s goals in 2026 is to put a formal economic value on that rubidium resource, as we did in the PEA for lithium two years ago.

‘In September 2025, ILC announced that it had acquired an option to buy Lepidico’s 100% interest in Lepidico Mauritius for C$975,000. This brings with it an 80% interest in the Namibian company that owns 100% of the Karibib Lithium, Rubidium and Cesium project. As announced at the time, this is a major project that has received substantial investment and, indeed, reached the Definitive Feasibility Study stage under JORC in 2020. If the option is exercised, ILC will have a major stake in the largest declared rubidium resource in Africa and one of the largest in the world. There is also enough cesium at Karibib that, when refined, could meet a year of world demand. We are still waiting for the outcome of an arbitration case that Lepidico is engaged in and will decide whether or not to exercise the option shortly after receiving that result.

Lepidico’s 80% ownership of Karibib resulted from its 2019 acquisition of TSXV-listed Desert Lion Energy in exchange for shares and other securities valued at that time at AUD$ 22.9 million (approximately CAD$20.7 million). Since acquiring the company in 2019, Lepidico invested a further AUD$ 12.1 million (approximately CAD$ 10.9 million) in the Karibib project, excluding central group overheads, with a significant portion directed towards drilling, an environmental study and subsequently a Definitive Feasibility Study and a further Resource Estimate.

This project could become highly important to ILC in 2026, and the Company’s Southern Africa strategy will hopefully also be supplemented by progress on the announced Zimbabwe EPO applications.

‘The Company completed the sale of the Avalonia project in Ireland to a subsidiary of its partner, Ganfeng Lithium, whereby ILC also retains a 2% Net Smelter Royalty. The total of C$2.5m generated from this was used to advance the investment in the Namibian project and other ongoing initiatives.

Outlook

‘The good work done in 2025, and the upturn in the lithium market, gives a strong possibility of 2026 being a successful period for ILC. As well as extra work at the flagship Raleigh Lake project in Canada, if ILC exercises its option to buy Lepidico Mauritius, it will, at Karibib in Namibia, have a project that could otherwise have taken several years and tens of millions of dollars to bring a similar greenfield project to the same stage, let alone the time to identify such a project. Karibib would bring ILC not only lithium, but also a world-class resource in rubidium and one of the larger cesium deposits not controlled by a Chinese company.

‘Lithium and spodumene prices are now back up to the level where mine development is economically viable at Canadian prices. If their rise continues, this will be positive for ILC and the lithium industry overall. ILC’s additional focus on rubidium and cesium gives further strings to its bow that could turn ILC into a much larger company.

‘In closing, I would like to take this opportunity to wish all of our valued shareholders, advisors and other stakeholders a Merry Christmas and a happy, healthy and prosperous New Year.’

On behalf of the Company,

John Wisbey
Chairman and CEO
www.internationallithium.ca

For further information concerning this news release, please contact +1 604-449-6520 or info@internationallithium.ca or ILC@yellowjerseypr.com.

_______________________________________________________________________________________

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

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the likelihood or otherwise of the Company exercising its option on Lepidico Mauritius, the outcome of arbitration involving Lepidico Namibia, the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Karibib or Raleigh Lake or Firesteel or Wolf Ridge projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company’s projects, the Company’s budgeted expenditures, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company’s third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled ‘Risks’ and ‘Forward-Looking Statements’ in the interim and annual Management’s Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. 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 information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278761

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Nickel Price 2025 Year-End Review

Investing 6 Mins Read

After peaking above US$20,000 per metric ton (MT) in May 2024, nickel prices have trended steadily downward.

Behind the numbers is a persistent oversupply driven by Indonesia’s high output, the world’s largest nickel producer.

At the same time, demand from China’s manufacturing and construction sectors, a traditional driver of stainless steel, has been weak as the country’s beleaguered real estate sector continues to find its footing.

Read on to learn what other key factors moved the nickel sector in 2025.

Nickel price in Q4

There wasn’t much change at the start of the quarter; the price was essentially trading in the US$15,000 to US$15,500 range, the same as it had since recovering from the post-liberation day tariff announcement rout in the base metals market in April that sent the price spiraling to a year-to-date low of US$14,150.

Nickel price, December 19, 2024, to December 18, 2025.

Chart via TradingEconomics.

However, cracks began to form at the end of October as it became clearer that the oversupply situation was likely to persist, pushing prices back below the US$15,000 mark by mid-November.

Prices for nickel rebounded in late November, but failed to break the US$15,000 again and slid toward a yearly low, reaching US$14,235 on December 15.

Oversupply continues to weigh on nickel

At the end of the year’s third quarter, the expectation was that nickel prices would carry momentum as the monsoon season arrived in the Philippines; however, despite seasonal declines in output, the market ‘s supply glut persisted, and prices continued to trend lower at the end of the period.

As of September 30, London Metal Exchange (LME) warehouses held 231,504 MT of nickel, and by November 28, stockpiles had grown to 254,364 MT, nearly 100,000 MT higher than the start of 2025.

According to a mid-December Shanghai Metals Market article, refined production decreased by 25,800 MT in November. Still, it was outpaced by inventory accumulation, as downstream demand remained soft.

On the demand side, stockpile buildups coincided with the traditional off-season for stainless steel producers, which accounts for 60 percent of total nickel demand, and weak end-use consumption led some producers to initiate output cuts. Additionally, Shanghai Metals Market notes that stainless demand was further impacted by the superior economics of recycled materials. The outlet also states that although production costs in Indonesia are lower than elsewhere, the price of nickel is rapidly approaching producers’ break-even point.

In February, the Indonesian government changed its quota system, increasing nickel ore output to 298.5 million wet metric tons from 271 million wet metric tons in 2024. The move from the top nickel producer was designed to alleviate supply pressures, with increased production limited to major production areas.

This was followed in October by a change to the length of time production quotas were valid, shortening it to one year from three years, and forcing miners to reapply for previously approved quotas for 2026 and 2027.

Changes were made to the application system after companies failed to meet environmental obligations, and companies will now have to submit proof they have the financial means to remediate land after operations are complete.

Adding to the metal’s woes at the end of the year is demand from the electric vehicle (EV) sector slipping as more battery producers pivot away from nickel in their chemistries, as cheaper lithium-iron-phosphate batteries improve efficiency.

For her part, Manthey, explained that everything has aligned for a bear market.

“LME stockpiles are at a four-year high, with Chinese and Indonesian cathode dominating,” she said, adding that growth in battery metals was slower than expected, and that demand for stainless steel was sluggish on the back of global weakness in manufacturing.

How did nickel perform for the rest of the year?

The rest of the year wasn’t much different for nickel.

The oversupply situation carried over from 2024, with Indonesian producers making up roughly 60 percent of the market. Likewise, curtailments continued among western producers as prices were unable to cover costs.

In April, the Indonesian government made a significant change to its royalty rates, hiking them to between 14 and 19 percent, depending on the nickel price. That’s up from the country’s previously imposed 10 percent flat rate, with a 2 percent royalty on nickel mattes destined for battery production.

As the second quarter began, base metal prices sank amid rising expectations of a global recession following US President Donald Trump’s “Liberation Day” tariff announcement on April 2.

Markets rebounded after their initial tariff plans were walked back, following a bond market squeeze that pushed 10 year treasury yields up by more than half a percentage point.

Nickel faced further pressures in July as the One Big Beautiful Bill was signed into law in the US, ending the federal EV tax credit, as well as other tax credits for expanding charging infrastructure. The change came into effect on September 30 and eliminated a US$7,500 rebate on the purchase of new EVs. Before the end of the tax credit, data showed that American EV sales reached a record 1.2 million through the first nine months of 2025, with the share for EVs climbing to 12 percent in Q3 as consumers made purchases ahead of the program’s end.

Q4 data shows EV sales have declined significantly since the tax credit expired, and interest in EVs has fallen by 20 percent. The fall caused Ford Motor (NASDAQ:F) to pull back on its EV plans and take a US$19.5 billion writedown.

Investor takeaway

Nickel prices continued on a downtrend in 2025, and expectations aren’t much different for the year ahead.

Until the metal see ssustained upward momentum, it’s unlikely that curtailed western operations will be restarted.

For experienced investors, this may offer an opportunity to enter a market closer to the bottom than the top. However, until there is a significant correction in supply and demand fundamentals, the nickel market won’t have much of a tailwind, leading to a riskier market, that may have a lengthy period before returns are realized, if at all.

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

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Investing

Armory Mining Engages Castello Q Exploration for Ammo Antimony-Gold Work Program

Investing 5 Mins Read

(TheNewswire)

  

Vancouver, B.C. TheNewswire – December 22, 2025 Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the ‘Company’ or ‘Armory’) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce it has engaged Castello Q Exploration Corp to carry out an initial phase one work program at its 100% owned Ammo Antimony-Gold project, located in Nova Scotia, Canada.

 

Ammo is 3,092-hectare exploration package that completely surrounds and is contiguous to the historical West Gore antimony-gold mine.  West Gore produced both antimony and gold in the years leading up to World War I.  The ground has since changed hands multiple times, and is currently held by Military Metals Corp.

 

West Gore was a significant producer during World War One, with production shipped to England.  Records document nearly 32,000 metric tons of production between 1914-1917, yielding over 7,000 metric tons of antimony concentrate grading 46%.
Total gold recovered up to 1917 was 6,861 ounces. Limited work was conducted in the 1950s, 1960s, and 1980s by several companies along with the Nova Scotia government*.

 

‘We have established budgets for the phase one exploration program at Ammo and are happy to begin working with Castello Q Exploration,’ said Alex Klenman, CEO. ‘This initial program will provide geologically important data that will contribute significantly to drill targeting. We’re excited that meaningful exploration work is on the horizon and eager to move the project forward in a positive way,’ continued Mr. Klenman.

 


Click Image To View Full Size

 

Figure 1: Map showing Armory’s Ammo Project surrounding the historical West Gore antimony-gold mine

 

The initial work program is expected to consist of data compilation, prospecting and reconnaissance, to identify favorable geology, followed by detailed surface sampling and geophysics to assist in determining priority drill targets. The Company plans to budget up to $656,000 CDN for the initial phase of exploration.  

 

* Source: NI 43-101 Technical Report, Battery Metals Corp, Mark S. King, P. Geo., Michael C. Corey, P. Geo., May 25, 2021

Note: The Company considers historical data at West Gore to be relevant. Readers are cautioned that the Company has not independently verified the information, and notes that the mineralization on this property may not be indicative of the mineralization on the Company’s property.

 

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. The Company controls an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. In addition, the Company controls 100% interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

 

Qualified Person

 

Harrison Cookenboo, Ph.D., P. Geo., an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release.

 

Contact Information

 

Alex Klenman

CEO & Director

alex@armorymining.com

 

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.   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 Company’s 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 Company’s 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.

 

Forward-looking statements:

This press release contains certain forward-looking statements, including statements regarding the intended use of funds. The words ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘plans,’ ‘will,’ ‘may,’ and similar expressions are intended to identify forward-looking statements. Although the Company believes that its expectations as reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Sport

Why local TV broadcasts of 30 NBA, NHL, MLB teams could be in jeopardy

Sport 2 Mins Read

The fate of 30 NBA, NHL and MLB teams’ local television broadcasts could hang in the balance if a proposed sale to sports streaming platform DAZN isn’t completed next month.

According to a Sports Business Journal report, Main Street Sports Group missed its December rights payment to the St. Louis Cardinals, raising a red flag as it looks to complete a proposed sale to DAZN. If that deal doesn’t go through, sources tell SBJ that Main Street – the owner of the FanDuel-branded regional sports networks − would initiate plans to dissolve its business.

If that happens, the broadcast rights would revert back to the individual teams.

FanDuel Sports Network currently broadcasts games for 13 NBA teams, eight in the NHL and nine in MLB.

SBJ reports that the NBA conducted a conference call last week with executives from those 13 teams to discuss their options. If the DAZN sale falls through, it could put the status of the local broadcasts in limbo during the middle of the regular season, a situation one team executive called ‘our worst fear.’

Main Street Sports Group is the new name of the former Diamond Sports Group, which emerged from a lengthy Chapter 11 bankruptcy proceeding a year ago.

NBA teams broadcast on FanDuel Sports Network

For the 2025-26 season, local broadcast rights payments to 13 NBA teams by Main Street Sports Group totaled a reported $180 million.

  • Atlanta Hawks
  • Charlotte Hornets
  • Cleveland Cavaliers
  • Detroit Pistons
  • Indiana Pacers
  • Los Angeles Clippers
  • Memphis Grizzlies
  • Miami Heat
  • Milwaukee Bucks
  • Minnesota Timberwolves
  • Oklahoma City Thunder
  • Orlando Magic
  • San Antonio Spurs

NHL teams broadcast on FanDuel Sports Network

  • Carolina Hurricanes
  • Columbus Blue Jackets
  • Detroit Red Wings
  • Los Angeles Kings
  • Minnesota Wild
  • Nashville Predators
  • St. Louis Blues
  • Tampa Bay Lightning

MLB teams broadcast on FanDuel Sports Network

  • Atlanta Braves
  • Cincinnati Reds
  • Detroit Tigers
  • Kansas City Royals
  • Los Angeles Angels
  • Miami Marlins
  • Milwaukee Brewers
  • St. Louis Cardinals
  • Tampa Bay Rays
This post appeared first on USA TODAY

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Sport

Georgetown suspends coach who threw water bottle that hit kid in crowd

Sport 4 Mins Read

Georgetown men’s basketball coach Ed Cooley threw his water bottle into the home crowd after a loss to Xavier Saturday night, Dec. 20, appearing to hit a child sitting on his mother’s lap behind the bench.

Now, the Big East school has suspended Cooley for one game following the incident.

‘I met with Coach Cooley today to discuss the incident which occurred after last night’s game against Xavier,’ Georgetown Director of Intercollegiate Athletics Lee Reed said in a statement Sunday, Dec. 21. ‘I expressed that his conduct did not align with the standards we expect of our coaches, nor does it reflect the values of Georgetown Athletics or Georgetown University.’

Cooley had just watched his team miss 18 free throws in an 80-77 loss to Xavier and then miss a 3-point shot attempt at the buzzer that would have tied the game at the end of regulation.

Cooley opened his postgame press conference with an apology to the family.

‘Definitely out of character for me to be so frustrated but, really, that’s not called for and I’ll call them and make amends to them,’ he told reporters. ‘So I apologize to the fans, I apologize to our players. Totally, totally out of character for me to be that way.’

The Cincinnati Enquirer, part of the USA TODAY Network, identified the family to whom Cooley apologized as that of Georgetown center Vince Iwuchukwu, who is out after needing an undisclosed medical procedure last month.

Cooley mentioned the Nyahkoon family by name in his apology, but a Georgetown spokesperson confirmed Sunday they are not actually related to Iwuchukwu.

‘From everything to my knowledge, there is no connection,’ Georgetown Assistant Athletics Director for Communications/Creative Services Diana Pulupa told USA TODAY Sports when asked about the incident’s connection to Iwuchukwu. ‘The Nyahkoons are family friends of the Cooleys.’ 

Cooley, 56, is in his third season as Georgetown’s coach after taking over for Patrick Ewing. While Georgetown (8-4) has improved, going 18-16 last season after a 9-23 mark his first year.

‘I am deeply sorry for my actions during last night’s game, and sincerely apologize to the Nyahkoon family, whom I have known for years and regard as my own family,’ Cooley said in a statement released Sunday. ‘My conduct was unacceptable and does not represent who I am or the leader I strive to be. I want to also apologize to the Georgetown community, team, fans, the league and my family. I take full responsibility for my actions and their consequences. I will learn from this experience to ensure it never happens again.’

Cooley recently expressed frustration with the team’s attendance. The Hoyas have played before sparse crowds at Washington, D.C.’s Capital One Arena, which hosts the NBA’s Wizards and NHL’s Capitals. Last night’s was just over 5,000.

After a game played at McDonough Arena, the school’s smaller on-campus gym, Dec. 13, Cooley said he had scheduled the game there so it was more convenient for fans during final exams.

‘I wish we had more students take a study break to come,’ Cooley said, according The Hoya, a student newspaper. ‘It’s a little disappointing not to have those young men and women show up.’

Earlier in Saturday’s game, Cooley turned to the crowd behind him to try and encourage them to cheer when his team played defense in a close game.

Georgetown next plays Monday, Dec. 22, against Coppin State at McDonough, its second and final game scheduled on campus this season. Jeff Battle, the associate head coach, will coach the team.

(This story has been updated to add new information.)

This post appeared first on USA TODAY

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