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NBA mock draft: Final projection for every team’s first-round pick

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As the NBA calendar crosses off another day and moves on from the NBA Finals – congratulations to Oklahoma City Thunder, and even though the Indiana Pacers came up short, it was enjoyable to watch their commitment – it’s time for the NBA draft.

The Dallas Mavericks, who are still trying recover from trading Luka Doncic, have the No. 1 pick in the first round Wednesday, June 25 (8 p.m., ESPN) and by all accounts, they will select Duke one-and-done forward Cooper Flagg.

Rutgers’ Dylan Harper is the projected No. 2 pick by the San Antonio Spurs, and from there, Baylor’s VJ Edgecombe, Rutgers’ Ace Bailey, Texas’ Tre Johnson, Oklahoma’s Jeremiah Fears and Duke’s Khaman Maluach and Kon Knueppel are in the top-10 mix. All were freshmen last season.

Here’s a look at USA TODAY Sports’ latest NBA mock draft :

(Age listed is age at time of the draft; for U.S. college players, height (without shoes) and weight taken at NBA draft combine)

2025 NBA mock draft

1. Dallas Mavericks: Cooper Flagg, Duke

  • Freshman, guard-forward, 6-7¾ , 221, 18 years old
  • 2024-25 stats: 19.2 ppg, 7.5 rpg, 4.2 apg, 1.4 spg, 1.4 bpg, 48.1% FG, 38.5% 3PT, 84% FT

The do-it-all young star led the Blue Devils in scoring, rebounding, assists and steals. Flagg has outstanding footwork, especially in the low post. He can use either hand on shots in the paint, knows how to run plays, can hit catch-and-shoot 3s and is an active weakside defender. Flagg, who added more muscle since the start of the year, is a physical player who initiates contact, is confident and plays with force when necessary. He led Duke to an impressive season, which includes the ACC regular-season title, ACC tournament title and Final Four appearance. He had 30 points, seven assists and six rebounds in a regional semifinal victory against Arizona and 16 points and nine rebounds in a regional final against Alabama. Flagg had 27 points, seven rebounds, three blocks and two steals in a Final Four loss to Houston.

2. San Antonio Spurs: Dylan Harper, Rutgers

  • Freshman, guard, 6-4½ , 213, 19
  • 2024-25 stats: 19.4 ppg, 4.6 rpg, 4.0 apg, 1.4 spg, 48.4% FG, 33.3% 3PT, 75% FT

The lefty stroke will remind some of Jalen Brunson, but Harper has far more size at 6-6 and tremendous length with a wingspan of 6-foot-10. Harper’s best asset at the next level might be his versatility to run point and play off the ball. In Rutgers’ lone Big Ten tournament game, Harper had 27 points (9-for-21 shooting), eight rebounds, eight assists, two steals and two blocks in a double-overtime loss to Southern California.

3. Philadelphia 76ers: VJ Edgecombe, Baylor

  • Freshman, guard, 6-4, 193, 19
  • 2024-25 stats: 15.0 ppg, 5.6 rpg, 3.2 apg, 2.1 spg, 43.6% FG, 34% 3PT, 78.2% FT

The Bahamian native has displayed his athleticism, has shown he can be explosive and has an elite knack for steals. He will be able to contribute at the NBA level and can be aggressive at the point of attack. The freshman is a high-level off-ball scorer but can improve when it comes to on-ball scoring. Edgecombe logged significant minutes at the end of the season. He had 16 points, six rebounds and one steal in a NCAA Tournament second-round loss to Duke.

4. Charlotte Hornets: Ace Bailey, Rutgers

  • Freshman, guard-forward, 6-7½ , 202, 18
  • 2024-25 stats: 17.6 ppg, 7.2 rpg, 1.3 apg, 1.3 bpg, 46% FG, 34.6% 3PT, 69.2% FT

Bailey is a hyper-athletic wing with length and size coming into a league that prioritizes players built exactly the way he is with exactly the skill set he has: an effortless and reliable shot and an attack-first mentality with an ability to finish at the rim. Needs to improve as a playmaker on the pass and free throws. But even when offense isn’t easy, he remains active on defense. He had 17 points, seven rebounds, three steals and one block in season-ending loss to USC. He is the only U.S. player who has not worked out for any teams, and his approach to the draft could impact where he is drafted.

5. Utah Jazz: Tre Johnson, Texas

  • Freshman, guard, 6-4¾, 190, 19
  • 2024-25 stats: 19.9 ppg, 3.1 rpg, 2.7 apg, 42.7% FG, 39.7% 3PT, 87.1% FT

Johnson is a natural shooter and scorer. He does well when scoring on the move and is a decent playmaker for his size. He still needs to work on his ability to make plays for others. He must also work on his strength and his explosiveness in order to assert himself as a finisher at the rim. He had three 30-point games in the past two months, including 39 against Arkansas on Feb. 26. He had 23 points and six rebounds in an NCAA Tournament loss to Xavier.

6. Washington Wizards: Jeremiah Fears, Oklahoma

  • Freshman, guard, 6-2½, 180, 18
  • 2024-25 stats: 17.1 ppg, 4.1 apg, 4.1 rpg, 1.6 spg, 43.4% FG, 28.4% 3PT, 85.1% FT

Solid start to his freshman season; quick on the dribble; has strength going to the rim and can finish; operates well in the pick-and-roll as a scorer and passer; needs to improve his 3-point shot but potential is there. Fears scored a season-high 31 points and added five assists and four rebounds in a win against ranked Missouri. Fears had a strong SEC tournament, producing 29 points, six rebounds and five steals plus five turnovers in a victory against Georgia and 28 points, five assists, four rebounds and three steals (just one turnover) in a loss to Kentucky. He generated 20 points, five rebounds and four assists in a NCAA Tournament first-round loss to UConn.

7. New Orleans Pelicans: Kon Knueppel, Duke

  • Freshman, guard-forward, 6-5, 219, 19
  • 2024-25 stats: 14.4 ppg, 4.0 rpg, 2.7 apg, 47.9% FG, 40.6% 3PT, 91.4% FT

He can ignite an offense with his 3-point shot, thanks to an efficient motion, seemingly always ready to receive the ball in his shooting pocket. He can also lace shots from midrange, take care of the ball and is money on free throws. In the ACC tournament, Knueppel averaged 21 points (28 against Georgia Tech) and shot 48.6% from the field, stepping up with Flagg injured. He averaged 20.5 points and shot 11-for-22 from the field (4-for-6 on 3s) in two regional games. He had 21 points, five rebounds and five assists in an Elite Eight victory against Alabama, and 16 points and seven rebounds in a Final Four loss to Houston.

8. Brooklyn Nets: Khaman Maluach, Duke

  • Freshman, center, 7-0½, 253, 18
  • 2024-25 stats: 8.6 ppg, 6.6 rpg, 1.3 bpg, 71.2% FG, 76.6% FT

Playing about 20 minutes per game, Maluach is a mobile big who excels in pick-and-rolls and has the hands to catch lobs for easy dunks; soft touch at the rim; shot-blocker/rim protector; active on the offensive glass; will get stronger and has a great aptitude for the game, learning concepts quickly. In four NCAA Tournament games, Maluach, who played for South Sudan at the 2024 Paris Olympics, averages 11.5 points, 4.2 rebounds, 2.0 blocks and shoots 86.9% from the field (20-for-23) and had 14 points and nine rebounds in Elite Eight victory against Alabama. He struggled to make an impact in the Final Four loss to Houston with just six points and no rebounds.

9. Toronto Raptors: Kasparas Jakucionis, Illinois

  • Freshman, guard, 6-4¾, 205, 19
  • 2024-25 stats: 15.0 ppg, 5.7 rpg, 4.7 apg, 44% FG, 31.8% 3PT, 84.5% FT

Jakucionis is a playmaker – a scorer and passer. He has range with a nice 3-ball, can shoot off the dribble from deep, including on step-back 3s, and looks for an open teammate when he draws multiple defenders. Jakucionis sees the court well with savvy passes and likes to get to the rim for layups. But he can be turnover-prone. He struggled offensively at the end of the season, shooting 32.5% from the field and committing 24 turnovers in the final four games. He had 16 points, 10 assists and nine rebounds in a first-round NCAA Tournament victory against Xavier.

10. Houston Rockets (traded to Suns for Kevin Durant): Derik Queen, Maryland

  • Freshman, center, 6-9¼, 248, 20
  • 2024-25 stats: 16.5 ppg, 9.0 rpg, 1.9 apg, 1.1 spg, 1.1 bpg, 52.6% FG, 76.6% FT

An active, physical big man, Queen has a soft touch around the rim with either hand but has a power game, too. He can run the court and handle the basketball well for a power forward-center. He is another potential first-round pick with good hands and footwork and has the mechanics to become a shooter who can stretch the floor. Queen had 27 points, five rebounds and two steals in a Sweet 16 loss to eventual champion Florida.

11. Portland Trail Blazers: Carter Bryant, Arizona

  • Freshman, forward, 6-6½, 215, 19
  • 2024-25 stats: 6.5 ppg, 4.1 rpg, 1.0 apg, 1.0 bpg, 46% FG, 37.1% 3PT, 69.5% FT

The athletic forward provides a solid combination of strength and fluidity. He has lateral quickness to stay in front of the ball and the ability to block shots. He can still improve on his technique as a finisher and in scoring efficiency. He will get an increased opportunity to impress scouts and executives at the draft combine if he enters the draft. Bryant scored 12 points and collected five rebounds and three blocks in 20 minutes in a victory against Akron in the NCAA Tournament.

12. Chicago Bulls: Noa Essengue, Ratiopharm Ulm (Germany)

  • Forward, 6-10, 198, 18
  • 2024-25 stats: 10.8 ppg, 4.8 rpg, 1.1 apg, 51.6% FG, 27% 3PT, 70.5% FT

The next forward with elite finishing ability to come out of France, Essengue figures to be more of a developmental prospect, but his size, instincts at the rim and plus-defensive ability could make him a star if he bulks up.

13. Atlanta Hawks: Collin Murray-Boyles, South Carolina

  • Sophomore, forward, 6-6½, 239, 20
  • 2024-25 stats: 16.8 ppg, 8.3 rpg, 2.4 agp, 1.5 spg, 1.3 bpg, 58.6% FG, 26.5% 3PT, 70.7% FT

Although he’s a bit undersized for a power forward, Murray-Boyles plays with intense effort and determination, which will very quickly please his NBA coaches. He also has plenty of strength to finish at the rim and was the SEC’s No. 3 rebounder. Murray-Boyles had 35 points and seven rebounds against Arkansas late in the regular season and had 20 points and 12 rebounds in a loss to Arkansas in the SEC tournament.

14. San Antonio Spurs: Egor Demin, BYU

  • Freshman, forward, 6-8¼, 199, 19
  • 2024-25 stats: 10.3 ppg, 5.4 apg, 3.8 rpg, 1.2 spg, 41% FG, 27.1% 3PT, 67.5% FT

The Russian is a playmaker who can make quick decisions and facilitate for others. Demin is the size of a wing player but has guard-like skills. On defense, he uses his length to his advantage while forcing turnovers and being active in passing lanes. His shooting efficiency is a concern. Demin had difficulty with his offense as the season progressed. He had just three points with four turnovers, three assists and three rebounds in a Big 12 conference tournament victory against Iowa State and six points on 2-for-9 shooting (1-for-7 on 3s) with four assists and five turnovers in a conference tournament loss to Houston. In three NCAA tournament games, he averaged 13.7 points, 5.7 assists and 4.7 rebounds and was 15-for-35 from the field.

15. Oklahoma City Thunder: Asa Newell

  • Freshman, forward, 6-9, 224, 19
  • 2024-25 stats: 15.4 ppg, 6.9 rpg, 1.0 spg, 1.0 bpg, 54.3% FG, 29.2% 3PT, 74.8% FT

Based off of his size, Newell wouldn’t appear to be as quick and fluid as he is, which should make him an instant threat in pick-and-roll situations. He was one of the lone bright spots for the Bulldogs in a loss against No. 1 Auburn with a team-high 20 points. His scoring dipped at the end of the regular season, however, he had 20 points and eight rebounds in a first-round NCAA Tournament loss to Gonzaga.

16. Memphis Grizzlies (from Orlando): Joan Beringer, KK Cedevita (Adriatic League)

  • Forward-center, 6-10, 230, 18
  • 2024-25 stats: 5.0 ppg, 4.6 rpg, 1.4 bpg, 61.5% FG, 58.4% FT

Beringer has gained traction among NBA scouts and executives as a mobile big man who can run the pick-and-roll as a screener on offense and guard the pick-and-roll. He doesn’t have a lot of experience but his potential, especially as a rim protector, has made him a first-round prospect. Another player who has improved throughout the season.

17. Minnesota Timberwolves: Jase Richardson, Michigan State

  • Freshman, guard, 6-0½, 178, 19
  • 2024-25 stats: 12.1 ppg, 3.3 rpg, 1.9 apg, 49.3% FG, 41.2% 3PT, 83.6% FT

Richardson improved as the season progressed and turned into the Spartans’ steady hand with the basketball as a shooter (inside and out) and facilitator. He is an active defender with surprising bouts of athleticism. He also has a knack for collecting rebounds, big plays and poise under pressure. He had an up-and-down NCAA Tournament in four games – 5-for-11 shooting and 15 points against Bryant, 1-for-10 shooting against New Mexico, 20 points on 6-for-8 shooting against Ole Miss, and 4-for-13 shooting against Auburn.

18. Washington Wizards: Thomas Sorber, Georgetown

  • Freshman, forward-center, 6-9¼, 263, 19
  • 2024-25 stats: 14.5 ppg, 8.5 rpg, 2.4 apg, 2.0 spg, 53.2% FG, 72.4% FT

The standout freshman required surgery to repair a foot injury suffered Feb. 15 and missed the rest of the season. That could alter his plans for the draft, but Sorber is a stellar inside threat who’s just as comfortable cutting to the basket on pick-and-rolls as he is backing down opponents. His rebounding and rim protection will make him an asset, as he continues to grow into his frame.

19. Brooklyn Nets: Liam McNeeley, UConn

  • Freshman, forward, 6-6¾, 215, 19
  • 2024-25 stats: 14.5 ppg, 6.0 rpg, 2.3 apg, 38.1% FG, 31.7% 3PT, 86.6% FT

What McNeeley may lack in fluid athleticism, he more than makes up for with a smooth, natural shot and knack for drawing fouls and getting to the free throw line. He also has a quick release and plenty of range to suggest that he should get early minutes. He bounced back since suffering an ankle injury New Year’s Day that had sidelined him for a few weeks. McNeeley struggled with his shot at times down the stretch. In a Big East tournament loss to Creighton, McNeeley had 13 points on 6-for-20 shooting (0-for-5 on 3-pointers), and in his final eight games before the NCAA Tournament, he shot 34.1% from the field and 28.2% on 3s. In two NCAA Tournament games, he was 8-for-29 from the field, including 3-of-16 on 3s.

20. Miami Heat: Nolan Traore, Saint-Quentin (France)

  • Guard, 6-4, 175, 19
  • 2024-25 stats: 12 ppg, 4.8 apg, 1.9 rpg, 40.9% FG, 31.4% 3PT, 72.8% FT

Traore is a point guard who can score and pass and has court awareness but also a propensity for bad turnovers. He’s quick, can get to the rim and is comfortable taking his defender off the dribble. Needs to work on his shooting efficiency, especially on 3s. His brother, Armel, was on a two-way contract with the Los Angeles and South Bay Lakers before being waived in February.

21. Utah Jazz: Nique Clifford, Colorado State

  • Fifth-year graduate season, guard, 6-5¼, 202, 23
  • 2024-25 stats: 18.9 ppg, 9.6 rpg, 4.4 apg, 1.2 spg, 49.6% FG, 37.7% 3PT, 77.7% FT

Clifford is a versatile wing who does a lot of things – scoring, rebounding, passing and defending. He has a quick burst on drives to the basket and can finish with force or finesse. He logged big minutes for Colorado State and was excellent in the Rams’ final six games before the NCAA tournament, posting 25.3 points, 7.8 rebounds, 5.2 assists and 1.5 steals and shooting 60% from the field, including 54.8% on 3s. He had 36 points against Boise State at the end of the regular season and recorded two double-doubles in the Mountain West tournament. Clifford had 21 points, seven rebounds, six assists and two blocks in an NCAA tournament second-round loss to Maryland.

22. Atlanta Hawks: Cedric Coward, Washington State

  • Senior, guard, 6-5¼, 213, 21
  • 2024-25 stats: 17.7 ppg, 7.0 rpg, 3.7 apg, 55.7% FG, 40% 3PT, 83.9% FT

Coward started his college career at Division III Willamette University, then transferred to Eastern Washington and then switched to Washington State. He played in just six games in 2024-25 with a shoulder injury ending his senior season in November. Coward has great size for a guard, is solid on catch-and-shoot 3s and has the ability to get to the rim.

23. New Orleans (from Indiana): Danny Wolf, Michigan

  • Junior, forward-center, 6-10½, 252, 21
  • 2024-25 stats: 13.2 ppg, 9.7 rpg, 3.6 apg, 1.4 bpg, 49.7% FG, 33.6% 3PT, 59.4% FT

The Yale transfer turned into a first-round selection thanks to his fluid scoring and play-making portfolio in the package of a 7-foot stretch big. Wolf played point guard at times this season for the Wolverines just like he played center. His handles make him a threat as the initiator in pick-and-roll actions and his range should translate to the NBA. Wolf had 21 points and 14 rebounds against Maryland in the Big Ten tournament semifinals and shot 52.9% from the field as the Wolverines won the conference tourney. He had 20 points and six rebounds in a NCAA regional semifinals loss to Auburn.

24. Oklahoma City Thunder: Will Riley, Illinois

  • Freshman, forward, 6-8¼, 186, 19
  • 2024-25 stats: 12.6 ppg, 4.1 rpg, 2.2 apg, 43.2% FG, 32.6% 3PT, 72.4% FT

Great size for a shooting guard who can make 3s and find open teammates. Like many, looks for offensive rebounds. His shot is a work in progress but the mechanics are there and he improved as a shooter and scorer as the season progressed. He shot 37-for-72 (51.4%) from the field and averaged 16.3 points in the Illini’s final six games.

25. Orlando Magic: Rasheer Fleming, Saint Joseph’s

  • Junior, forward, 6-8¼, 232, 20
  • 2024-25 stats: 14.75 ppg, 8.5 rpg, 1.5 bpg, 1.4 spg, 1.3 apg, 53.1% FG, 39% 3PT, 74.3% FT

Fleming is a mobile forward who plays a physical game and has strong footwork to finesse his way around defenders. He likes to get easy buckets in transition, his 3-point percentage in nearly five attempts per game is encouraging and he is valuable in pick-and-rolls as the screener. Defensively, he deflects passes and can protect the rim. Fleming averaged 18.8 points and 7.7 rebounds and shot 58.9% in the last six regular-season Atlantic 10 Conference contests.

26. Brooklyn Nets: Maxime Raynaud, Stanford

  • Senior, center, 7-0¼, 237, 22
  • 2024-25 stats: 20.2 ppg, 10.6 rpg, 1.7 apg, 1.4 bpg, 46.7% FG, 34.7% 3PT, 77% FT

Born in Paris, Raynaud spent four seasons at Stanford and was first-team All-ACC his senior season. He can make 3s, rebound, protect the rim – the easy comparison is Oklahoma City’s Chet Holmgren. Raynaud works well in the pick-and-roll, runs the floor well, sees the court and can play in the low post.

27. Brooklyn Nets: Walter Clayton Jr., Florida

  • Senior, guard, 6-2, 199, 22
  • 2024-25 stats: 18.3 ppg, 4.2 apg, 3.7 rpg, 1.2 spg, 44.8% FG, 38.6% 3PT, 85.7% FT

Named the Most Outstanding Player of the Final Four, Clayton had 34 points in the national semifinals against Auburn and 11 points, seven assists and five rebounds in the championship victory against Houston. He also scored 30 points in a regional final against Texas Tech and was 21-for-42 from the field in the Gators’ final three games. Has range on 3-point shots and can shoot off the dribble or pass but needs to improve as a playmaker and defender.

28. Boston Celtics: Hugo Gonzalez, Real Madrid (Spain)

  • Guard-forward, 6-7, 207, 19
  • 2024-25 stats: 3.2 ppg, 1.7 rpg, 41% FG, 28.1% 3PT, 73.9% FT

One of Europe’s top young NBA prospects, Gonzalez is a versatile wing with the ability to score inside and out. He can handle the basketball, pass and is a surprising shot-blocker. He’s still raw.

29. Phoenix Suns: Drake Powell, North Carolina

  • Freshman, guard-forward, 6-5¼, 200, 19
  • 2024-25 stats: 7.4 ppg, 3.4 rpg, 1.1 apg, 48.3% FG, 37.9% 3PT, 64.8% FT

Active on both ends of the court as a shot-blocker and physical and versatile defender, and as a player who likes to run the court, launch catch-and-shoot 3s and go one-on-one in the halfcourt. Playing on a deep team, especially on the perimeter, Powell doesn’t possess eye-popping offensive stats but his shooting stats reveal his potential. Was an efficient scorer in limited opportunities and can be a solid rebounder from the perimeter.

30. Los Angeles Clippers: Ben Saraf, Ratiopharm Ulm (Germany)

  • Guard, 6-6, 200, 19
  • 2024-25 stats: 12.2 ppg, 4.3 apg, 2.6 rpg, 1.2 spg, 45.5% FG, 28.6% 3PT, 72.7% FT

He’s just as comfortable knocking down a step-back jumper, finding creases in the paint and dishing the ball with excellent vision. He may need some time to develop as he adjusts to NBA athletes, but his length and size at point guard will make him an intriguing prospect.

This post appeared first on USA TODAY

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Evidence in secret arbitration shows NFL encouraged collusion

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The arbitrator, Christopher Droney, dismissed the arbitration of the NFL Players’ Association “in its entirety” earlier this year. But Droney noted that the NFL Management Council – which negotiates with the players’ union and other entities on behalf of the 32 owners – “encouraged 32 member Clubs of the NFL to reduce guarantees in future contracts with players at the March 2022 annual meeting.” The clubs, however, did not engage in collusive conduct, the report found.

Both the NFL and NFLPA declined to comment when reached Tuesday by USA TODAY Sports. The ruling had been kept a secret until Torre published his findings on June 24.

The March 2022 meeting at the center of the arbitration claim took place not long after the Cleveland Browns traded for and signed quarterback Deshaun Watson to a fully guaranteed contract worth $230 million over five years.

According to the report, eight owners, Goodell, high-profile player agents, Russell Wilson and Lamar Jackson testified at a hearing held by Droney over 10 days in New York last summer.

The NFLPA initially brought the case under former executive director DeMaurice Smith, who was replaced by Lloyd Howell in 2023. The union alleged a high-ranking league executive asked New England Patriots owner Robert Kraft to tell fellow owners to not negotiate with large, fully guaranteed contracts. Both Goodell and Kraft denied this at the hearings, and Droney agreed Goodell did not make the request.

In March 2022, per the ruling, the management council presented to the league about the salary cap and a 42% increase in salary guarantees.

Kyler Murray (five years, $230.5 million with $160 million guaranteed), Wilson (five years, $245 million with $165 million guaranteed) and Jackson (five years, $260 million with $185 million guaranteed) all signed extensions within the next calendar year.  

Jackson, who does not have an agent and represents himself, had a contentious negotiation with the Ravens and general manager Eric DeCosta. No team reached out directly to Jackson after the team placed the non-exclusive franchise tag on him. Jackson apparently did not supply a list of teams he’d be interested in playing for because of phone issues.

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“Only a couple of teams expressed interest to DeCosta in signing him prior to the Ravens’ decision to franchise him,” the report said.

The document also unveiled text communication between two owners, the Cardinals’ Michael Bidwill and the Los Angeles Chargers’ Dean Spanos.

“Your deal helps us for our QB next year,” Spanos wrote.

“I think many teams will be happy with it once they have a chance to review,” Bidwill wrote back. “Cleveland really screwed things up, but I was resolved to keep the guaranteed relatively ‘low.’”

Droney’s role in the arbitration is set by the collective bargaining agreement between the league and union. The same CBA lays out severe penalties for collusion between teams, including the union’s right to terminate the CBA in the event of widespread collusion. Proving collusion also requires more than a preponderance of evidence.

This post appeared first on USA TODAY

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The Best Five Sectors, #24

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Some Sector Reshuffling, But No New Entries/Exits

Despite a backdrop of significant geopolitical events over the weekend, the market’s reaction appears muted — at least, in European trading. As we assess the RRG best five sectors model based on last Friday’s close, we’re seeing some interesting shifts within the top performers, even as the composition of the top five remains unchanged.

The jump in Technology’s ranking is particularly noteworthy, especially when compared to Consumer Discretionary’s drop to the bottom of the list (position #11). These two sectors often move in tandem, so this divergence is worth keeping an eye on.

  1. (1) Industrials – (XLI)
  2. (5) Technology – (XLK)*
  3. (3) Communication Services – (XLC)
  4. (2) Utilities – (XLU)*
  5. (4) Consumer Staples – (XLP)*
  6. (7) Real-Estate – (XLRE)*
  7. (6) Financials – (XLF)*
  8. (8) Materials – (XLB)
  9. (11) Energy – (XLE)*
  10. (10) Healthcare – (XLV)
  11. (9) Consumer Discretionary – (XLY)*

Weekly RRG Analysis

On the weekly Relative Rotation Graph, the Technology sector is showing impressive strength. Its tail is well-positioned in the improving quadrant, nearly entering the leading quadrant with a strong RRG heading. This movement explains Technology’s climb back into the top ranks.

Industrials remains the only top-five sector still inside the leading quadrant on the weekly RRG. It continues to gain relative strength, moving higher on the JdK RS-Ratio axis while slightly losing relative momentum. All in all, this tail is still in good shape.

Utilities, Communication Services, and Consumer Staples are all currently in the weakening quadrant. Utilities and Staples show negative headings but maintain high RS-Ratio readings, giving them room to potentially curl back up. Communication Services is starting to curl back up toward the leading quadrant.

Daily RRG

Switching to the daily RRG, we get a more nuanced picture:

  • Industrials: In the lagging quadrant with stable relative momentum, this sector needs an improvement in relative strength soon to remain in the top position.
  • Technology: Almost static at a high RS-Ratio reading, indicating a stable relative uptrend.
  • Communication Services: Back in the leading quadrant and still moving higher.
  • Utilities and Consumer Staples: Low readings but curling back up, with Utilities already re-entering the improving quadrant.

This daily view suggests that Utilities and Consumer Staples might maintain their positions in the top five, while raising some concerns about Industrials’ short-term performance.

Industrials: Resistance Roadblock

The industrial sector is grappling with overhead resistance between 142.5 and 145. This struggle is impacting the raw relative strength line, which has rolled over, causing the RS-Momentum line to curl as well.

The RS-Ratio remains elevated and moving higher, but the resistance level is a key area to watch.

Technology: Strong Despite Struggles

XLK is facing overhead resistance in the 240 area for the third consecutive week. From a relative perspective, however, the sector looks robust. The raw RS line broke from its falling channel and is clearly moving higher, dragging both RRG lines upward and pushing XLK into the leading quadrant on the weekly RRG.

Communication Services: Balancing Act

XLC is battling resistance around 105, with its raw RS line remaining inside its channel but slowly curling up against rising support. To maintain its position, we’ll need to see either higher prices for XLC or lower prices for SPY in the coming weeks.

Utilities & Consumer Staples: Range-Bound Challenges

Both of these sectors are stuck within their respective trading ranges, causing their RRG lines to roll over. With SPY moving higher, their relative strength is under pressure, positioning both tails in the weakening quadrant on negative RRG headings.

Portfolio Performance Update

From a portfolio perspective, we’re seeing a slight improvement, but the underperformance still persists. We’re continuing to track movements and position the portfolio according to the mechanical model that is the foundation of this best five sectors series.

Looking Ahead

With no changes to the top five sector positions, we’ll be closely monitoring how this selection holds up in the coming week. The divergence between Technology and Consumer Discretionary is particularly intriguing, and the struggles with overhead resistance across several sectors could prove pivotal.

Imho, the limited market reaction to the weekend’s geopolitical events (so far) suggests a certain resilience, but we’ll need to stay alert for any delayed impacts or shifts in sentiment.

#StayAlert and have a great week ahead. –Julius

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AI Stocks Ignite Again—Where Smart Money is Heading Next

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In this video, Mary Ellen opens with a look at the S&P 500, noting that the index remains above its 10-day average despite a brief pullback—a sign of healthy market breadth. She points to ongoing sector leadership in technology, while observing that energy and defense stocks are breaking higher and offering fresh opportunities. From there, Mary Ellen shares stocks that experienced strong earnings, talks AI-related stocks that are on the move higher, and looks at winners and losers following the passage of the Genius Act.

This video originally premiered on June 20, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

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This Week’s Earnings Watch: Turnarounds and Momentum Plays

Stock 5 Mins Read

This week, we’re keeping an eye on three major stocks that are reporting earnings. Two of them have been beaten down and are looking to turn things around, while the third has had a tremendous run and is looking to keep its extraordinary momentum going. Let’s take a closer look at each one.

Could FedEx Be Ready for a Comeback?

FedEx (FDX) had a rough go last quarter, missing its EPS estimates and slashing its full-year outlook thanks to softening demand and losing a USPS contract. That combination of earnings shortfall and downgraded guidance spooked investors, with FDX’s stock price tumbling more than 10% in the days following the release. After “Liberation Day,” share prices traded even lower.

FedEx continues to take steps to cut costs and segment spinoffs to streamline and turn the stock around. Can FedEx do it fast enough? Any positive forward guidance will be critical to drive a sustained rebound in the stock’s price.

From a technical perspective, FDX shares have bounced back to the levels traded after its last quarterly results. The stock price is coiling between its longer-term downtrend and near-term uptrend from the lows.

The good news is that shares have recaptured their 50-day moving average; the bad news is that price is bumping up to its longer-term downtrend. Something’s got to give.

  • The average move post-earnings is +/-5.6%. 
  • An upward move should break it out of this downtrend and set shares on a path towards its 200-day moving average, which is just under $255.
  • A downward move would break the near-term downtrend, but could pause around the 50-day moving average and a consolidation area around $215.

Playing this stock into earnings has been a fool’s game. Wait for the dust to settle before jumping in. That could mean:

  • A break below the 50-day moving average and a move to the $200 level.
  • A gap up, which could mean the end of this downtrend and should be chased to the 200-day moving average.

Micron: Time for a Breather?

Micron Technology (MU) has been on fire since selling off during the “Liberation Day” chaos. It broke below a major support area, but quickly recaptured it.

The pendulum price action was a wild swing in the opposite direction. MU’s stock price broke out above a major resistance area and is in a precarious position as Micron heads into Wednesday’s quarterly results.

MU’s stock price is extremely overbought and may struggle to keep this upward momentum going. We have seen other tech stocks, such as Broadcom (AVGO) and CrowdStrike (CRWD), experience similar moves going into earnings. Both stocks reported solid quarters and guided higher, yet sold off.

Given the 100% gain from its April 7 lows, the overbought condition, and natural support areas (old resistance) at the $114 area, a pullback to here seems logical. The area below $114 to watch is the rising 200-day moving average, which is around $96 and seems like a better entry point than chasing the stock now.

Good earnings numbers should see a small fade to the $114 area and then hold. That is what happened in other stocks with big run-ups into earnings: a fade back to the recent breakout. If Micron reports numbers below estimates and/or weak guidance, expect a deeper pullback to the 200-day, which should act as strong support if tested again. Any further rally should be faded as MU nears $150 and all-time highs. That could put its relative strength index (RSI) into the 90s; historically, that doesn’t hold for very long.

Nike (NKE): Waiting for a Spark

Nike (NKE) has traded lower after eight of its last nine earnings reports, including the last six in a row. Shares are still down 66% from their 2021 all-time highs and, year-to-date, are lower by 21%.

It has been a tough environment for the iconic sports brand. Shareholders have been anxiously waiting for new management to turn things around, but high inventories and now tariff concerns have stymied any sense of a sustainable rally.

Technically speaking, things aren’t looking good. Investors are looking for any sign of a turnaround or a tradable bottom. While there has been minor progress coming off the lows, there’s nothing to indicate the stock is back.

Momentum indicators have turned bearish. The RSI has crossed below its midline, while the moving average convergence/divergence (MACD) had a bearish crossover.

Entering the week, the stock is at a good support level around $59, which brings the 50-day moving average and recent lows into play. While NIKE’s stock price has a lot to reverse and looks tempting, there is still much overhead resistance to give the all clear and jump into the trade, based on this week’s earnings. Positive news could see a tradeable upside to its 200-day moving average, which should then be faded.

For this stock to finally reverse, it needs more time and a few quarters of solid growth. It may be wiser to buy shares on a breakdown towards its lows around $52. If that occurs, then expect it to hold and rally back over the weeks ahead of its next quarterly result. 

The Bottom Line

This week’s earnings action is a good reminder to stay patient and be selective. Watch how these stocks react after earnings rather than trying to forecast the move. Sometimes, waiting for confirmation is the best strategy, especially when markets are so reactive.

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Crypto Market Recap: Bitcoin Rebounds After Drop Below US$100,000, OKX Mulls IPO

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Monday (June 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$102,876, an increase of 4.2 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$100,177 and a high of US$103,154 as the market opened.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Crypto markets are bracing for continued short-term volatility, heavily influenced by macro conditions and geopolitical developments, particularly the US-Iran situation. Traders are warning of a potential drop to US$95,000, with some even anticipating US$92,000, as only 3 percent of newer Bitcoin investors are currently profitable.

Despite immediate concerns, analysts remain constructive on Bitcoin’s long-term resilience. Growing structural demand from public entities is solidifying Bitcoin’s role as a strategic reserve. Longer-term metrics suggest 2025 could be the last bullish leg of this cycle, potentially driving Bitcoin prices north of US$200,000.

Over the weekend, Bitcoin fell below the US$100,000 mark for the first time since May following US President Donald Trump’s announcement that the US had bombed three of Iran’s main nuclear facilities.

The airstrikes, which reportedly targeted Fordow, Natanz, and Isfahan, heightened investor risk aversion, triggering over US$1 billion in liquidations across crypto markets. Derivatives data from Coinglass shows that US$915 million of long positions and US$109 million worth of shorts were wiped out.

Ethereum (ETH) closed at US$2,308.07, a 6 percent increase over the past 24 hours. Its lowest valuation on Monday was US$2,206.39, and its highest valuation was US$2,312.59, minutes before the closing bell.

Altcoin price update

  • Solana (SOL) was priced at US$139, up 8.1 percent over 24 hours and its highest valuation for Monday. SOL experienced a low of US$131.53 during the day.
  • XRP also reached its highest daily valuation at the closing bell. It traded at US$2.05 as markets wrapped, up by 5 percent in 24 hours. The cryptocurrency’s lowest valuation was US$1.97.
  • Sui (SUI) is trading at US$2.61, showing an increaseof 11.7 percent over the past 24 hours. Its lowest valuation was US$2.42, and it reached its highest valuation at the closing bell.
  • Cardano (ADA) is priced at US$0.5527, up 5.7 percent in 24 hours to its highest value. Its lowest valuation on Monday was US$0.5315.

Today’s crypto news to know

Pompliano launches US$1 billion Bitcoin treasury firm

Crypto investor Anthony Pompliano has unveiled a new Bitcoin treasury company, ProCap Financial, via a merger with Columbus Circle Capital I, a special purpose acquisition company.

The venture will hold up to US$1 billion in Bitcoin, and aims to follow in the footsteps of Michael Saylor’s Strategy (NASDAQ:MSTR), a software firm turned crypto juggernaut.

ProCap has already raised US$500 million in equity and secured a US$250 million convertible note in what Pompliano has called the largest-ever raise for a treasury-focused crypto firm.

Unlike traditional holdings strategies, ProCap intends to actively generate revenue from its Bitcoin through lending, derivatives and financial services.

Metaplanet buys US$117 million worth of Bitcoin

Tokyo-based Metaplanet (TSE:3350,OTCQX:MTPLF) has added 1,111 BTC to its reserves, spending roughly US$117 million during a weekend dip sparked by US-Iran tensions.

The firm purchased the Bitcoin at an average price of US$105,681 per coin, increasing its total holdings to 11,111 BTC valued at over US$1.1 billion. Metaplanet has embraced a bold Bitcoin-first treasury approach, positioning itself as Asia’s Strategy equivalent in the corporate crypto playbook.

OKX considers US IPO

Cryptocurrency exchange OKX is reportedly considering an initial public offering (IPO) in the US, according to an interview the Information conducted with an executive from the firm on Sunday (June 22).

“We will absolutely consider an IPO in the future,” Haider Rafique, chief marketing officer, told the outlet, without providing a potential launch date. “If we go public, it would likely be in the U.S.”

The exchange resumed operations in the US in April after the US Department of Justice found that it had actively pursued US customers without the required license. OKX pleaded guilty to one count of operating an unlicensed money transmitting business in February and agreed to pay over US$500 million in penalties.

Sequans plans Bitcoin treasury raise

Sequans Communications (NYSE:SQNS), an IoT semiconductor developer, is planning a US$384 million capital raise for a strategic Bitcoin treasury. This move is one of the latest in a growing trend of companies using Bitcoin as a reserve asset, which crypto analyst Adam Back has dubbed the “new ALT SZN for speculators.’

The company issued a press release announcing the endeavor on Monday.

The raise includes US$195 million in equity and US$189 million in convertible debentures. The company is also partnering with Swan Bitcoin for its Bitcoin treasury management. CEO Georges Karam said this reflects “strong conviction in bitcoin as a premier asset and a compelling long-term investment.”

Fiserv to roll out Stablecoin platform for 3,000 US banks

Payments giant Fiserv (NYSE:FISV) is entering the stablecoin market with FIUSD, a new digital dollar offering aimed at thousands of main street banks. The platform will allow Fiserv’s banking clients — estimated at 3,000 institutions — to launch their own branded stablecoins or integrate FIUSD into their operations.

Built on top of Fiserv’s existing payments infrastructure, the platform will be interoperable with major blockchains and other stablecoins, including Circle’s (NYSE:CRCL) USDC and Paxos.

The platform is set to go live by the end of the year.

Canaan completes US pilot production, exits AI business

In a statement sent to Cointelegraph on Monday morning, a representative from Canaan (NASDAQ:CAN), a tech firm primarily known for designing and producing application-specific integrated circuits (ASICs) for Bitcoin mining, said it “has successfully completed a pilot production run in the US.” Canaan also announced the discontinuation of its artificial intelligence semiconductor business in what it said is “a strategic realignment aimed at sharpening its focus.”

“I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” said Nangeng Zhang, chairman and CEO of Canaan.

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

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

This post appeared first on investingnews.com

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Questcorp Mining Announces Commencement of Phase 1 Work at the La Union Gold Project

Investing 6 Mins Read

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the commencement of the first phase work program at its La Union carbonate replacement deposit (CRD) project, located in Sonora, Mexico. Questcorp is earning a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

The initial stages of phase one will concentrate on finalizing the location of drill targets and drill pads for the upcoming drill program. Field activities are underway and include:

  • Establishment of 5 to 6 one kilometre picket lines for IP surveying which commenced on Monday. The IP lines are being run over the heart of some of the past mining areas which continue to be known expansive target areas to help evaluate further potential, possible most favorable zones and assist to model the larger context for the upcoming drill holes. This work further de-risks the up-coming first pass drill holes.
  • Sampling of limestone and dolomite host rocks across the mineralization from country rock through to the heart of mineralization for Black Light analysis and alteration vector modeling. The objective is to use the changes or variance in fluorescence to map alteration patterns to vector into the heart of the manto and chimney plumbing systems.
  • Geological mapping of drill collar sites and section lines particularly along the surface of the IP lines to help develop the most accurate interpretations of the IP data for drill hole planning.
  • Rock and soil sampling of peripheral areas to identify additional targets including study of the stratigraphy for understanding and context with the many mineralization showings on the large district holding.

‘We are extremely pleased to initiate the fully funded first phase work program at La Union,’ commented Questcorp President & CEO Saf Dhillon. ‘We are first concentrating on de-risking the upcoming 1,500 metre drill program scheduled for mid to late Q3 through alteration mapping and IP geophysics,’ he continued. ‘Under the technical expertise of John-Mark Staude and the Riverside team we are confident we are maximizing every exploration dollar being invested at La Union,’ he concluded.

Riverside Resources Inc. President & CEO John-Mark Staude stated ‘The work program is going well, I have been in the field this past week with the exploration team and pleased to see the safe, high quality focus of good work and diving into careful review of the planned drill sites and now the IP program is underway. It is great to work with Saf, Tim and the entire Questcorp organization.’

The La Union Project

The La Union Project is a carbonate replacement deposit (‘CRD‘) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.

The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256556

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Silver Crown Royalties Announces Closing of First Tranche of its Non-Brokered Private Placement

Investing 6 Mins Read

(TheNewswire)

TORONTO, ON TheNewswire – June 24, 2025 –Silver Crown Royalties Inc. (‘ Silver Crown ‘, ‘ SCRi ‘, the ‘ Corporation ‘, or the ‘ Company ‘) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the first tranche (‘ First Tranche ‘) of its non-brokered offering of units of the Company (‘ Units ‘) for gross proceeds of up to $2,000,000 that was previously announced on May 20, 2025 (the ‘ Offering ‘). The Company issued 102,838 Units at a price of C$6.50 per Unit pursuant to the First Tranche for gross proceeds of approximately C$668,447.

Each Unit consists of one common share (‘ Common Share ‘) and one Common Share purchase warrant (‘ Warrant ‘), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the date hereof.

The proceeds from the First Tranche will be used to fund the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.

The Company is also pleased to announce it is extending the closing of an additional tranche of the Offering to July 11, 2025.

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, the proceeds from the First Tranche will be used to fund the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. 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 information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Allied Critical Metals Appoints Vitor Arezes as Vice President, Exploration

Investing 4 Mins Read

(TheNewswire)

Vancouver, BC June 24, 2025 TheNewswire – Allied Critical Metals Inc. (CSE: ACM | FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of Mr. Vítor Arezes as Vice President, Exploration.

Mr. Arezes brings over 14 years of experience in geological exploration, project development, mining operations, and project evaluation across Portugal and internationally. His distinguished career includes senior technical and leadership roles in exploration and mining companies, with a strong focus on tungsten, tin, gold and other critical minerals and precious metals. He has led multi-disciplinary teams in the advancement of historical and greenfield projects, particularly within Portugal’s mineral-rich regions.

‘We are proud to welcome Vítor to the Allied team at a pivotal time in our development,’ said CEO Roy Bonnell. ‘His deep technical knowledge, regional expertise, and proven track record will be invaluable as we advance our Borralha and Vila Verde tungsten projects toward production.’

Mr. Arezes is a registered professional geologist as a Professional Member of the Institute of Materials, Minerals and Mining (MIMMM #703197) and has collaborated with numerous governmental and academic bodies in geoscience and mineral development within Portugal and internationally. He also holds an BSc in Geology from University of Minho in Portugal.

This appointment reinforces Allied’s commitment to assembling a best-in-class leadership and operations team as it aims to become a premier Western supplier of tungsten—one of the world’s most strategic critical metals.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (ACM:CSE | FSE:0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please visit our website at www.alliedcritical.com .

Also visit us at:
LinkedIn:
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

On behalf of the Board of Directors

‘Roy Bonnell’

Roy Bonnell
CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release and has neither approved now disapproved the contents of this press release.

Copyright (c) 2025 TheNewswire – All rights reserved.

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