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“(Lithium) is not for the faint-hearted. It demands resilience, foresight and leadership,” said Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) Managing Director and CEO Dale Henderson.

He was speaking at Fastmarkets’ Lithium Supply & Battery Raw Materials Conference, held this week in Las Vegas.

Henderson touched on three main points: current lithium market dynamics, how Pilbara Minerals is navigating the lithium landscape and his recommendations for the global lithium industry.

Lithium’s strong long-term fundamentals

Henderson began by going over key numbers relevant to the lithium sector. According to the CEO, there was a 26 percent year-on-year increase in demand for electric vehicles (EVs) from 2023 to 2024.

Lithium plays a vital role in the production of EVs, as it is a key component of the batteries that power them.

Alongside that EV demand increase, mass energy storage also saw a 51 percent leap.

“I don’t think there’ll be any deniers around the long-term prospects of lithium, but it’s worth reflecting on how quickly it’s changing,’ Henderson told the Fastmarkets audience.

Henderson speaks on stage at the Fastmarkets event.

Image via Georgia Williams.

Looking at areas connected to lithium, Henderson mentioned solar, saying it now surpasses all power-generation technology investment combined. Solar falls under the clean energy umbrella, which receives more than $2.2 trillion in investment per year — twice the amount of investment made in fossil fuels.

“We are witnessing and (are) part of an incredible period. Technology, policy (and) consumer sentiment can continue to drive what is a structural shift towards electrification,’ he said. ‘Lithium remains at the center of this shift.’

The paradox, according to Henderson, is that while scaling up is happening, prices have been cycling down.

“We’re 12 months into a period of curtailments and reset. And where we are now — we sit deep into the cost curve with price levels, of course, at unsustainable levels for many operators,’ he noted.

‘But these cycles, or these resets, offer a fantastic reset for market, albeit they’re painful.”

The Pilbara CEO emphasized that while lithium prices have fallen to “clearly unsustainable” levels, the long-term demand and strategic relevance of lithium will survive it.

“This is not a short-term trend. This is a structural transformation, and lithium remains at core.”

Pilbara Minerals’ lithium strategy

Looking over to Pilbara Minerals, Henderson went over its recent achievements and future plans.

“We’re keeping our lives absolutely committed to our strategy,” he said about the company, adding that the past year was Pilbara Minerals’ “most transformational year for business.”

Highlights from the period include the acquisition of Latin Resources and its flagship Salinas lithium project in Brazil, which was announced in August 2024 and closed this past February.

The CEO also discussed the company’s flagship Pilgangoora operation, which he described as a globally significant tier-one lithium asset with a mine life of 33 years. Pilgangoora is located 140 kilometers from Port Hedland in Western Australia and is one of the world’s largest hard-rock lithium operations.

Pilbara Minerals has completed two expansions, including the buildout of the world’s largest hard-rock ore-sorting plant, which aims to improve lithium recovery, increase final product quality and reduce energy consumption.

In addition to that, Henderson said Pilbara Minerals boosted its reserves by 23 percent last year.

Furthermore, the company became a lithium hydroxide producer via its partnership with POSCO Holdings (NYSE:PKX,KRX:005490), and is working on a demonstration plant for its midstream project.

In January, the Western Australian government’s Investment Attraction Fund contributed AU$15 million for work at the plant, which is a joint venture with Calix (NYSE:CALX,ASX:CXL).

Henderson said the demonstration plant is currently under construction.

Last year, Pilbara Minerals contributed approximately 8 percent to global lithium supply. The company’s cash balance currently stands at AU$1.1 billion.

Lithium industry must align for success

According to Henderson, certainty and efficient operations are everything in today’s lithium market.

“Government policy is forcing change, both in sticks and carrots, and supply chain diversification is underway, but largely the processing remains very much concentrated,’ he said.

Henderson highlighted coordination and collaboration as key points, saying that thriving in this environment means building deeper integration across the supply chain.

Lithium industry challenges and opportunities.

Chart via Pilbara Minerals.

He added that the lithium industry is not the first sector to grow from a small base and has yet to mature on a number of dimensions. Henderson summarized his key recommendations into four points:

  • Support a central and efficient spot market trading location
  • Put a trusted futures exchange in place
  • Align on specifications across the lithium product site
  • Align on standardized trading terms

He also presented a list of challenges and corresponding opportunities regarding the lithium market, saying that while there’s a lot of pain in the industry, it’s also the time for great partnerships to be forged.

“This industry will evolve with or without our stewardship. This is a call to leadership across our group,” he concluded. “The challenge is ours. The opportunity is real. Let’s build it together and turn this market pain into a strategic avenue.”

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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The platinum price surged above US$1,400 per ounce during Thursday (June 26) morning trading, reaching its highest level in 11 years amid a wave of speculative buying in the US and China.

In the US, industrial demand for the metal is rising as American carmakers scale back their electrification plans. At the same time, new policies are set to walk back consumer subsidies for electric vehicles.

These Trump administration mandates are expected to result in increased demand for traditional internal combustion engines or hybrid vehicles, which require higher platinum loadouts.

Tariff fears have also had an effect, with 500,000 ounces of platinum transferred to US warehouses.

Meanwhile, Chinese jewelry fabricators have been seeking at platinum as they shift away from gold, which continues to trade at record-high prices. In April, platinum imports to China surged to more than 10 metric tons.

Palladium was also up on Thursday, breaking the US$1,100 per ounce mark for the first time in 2025.

Platinum price, June 19 to June 26, 2025

In addition to demand factors, platinum supply has been impacted by reduced output at South African mines, which are facing energy disruptions, aging infrastructure and underinvestment in new operations.

The platinum market is expected to record its third consecutive deficit in 2025 at 966,000 ounces.

But it’s not just platinum fundamentals that are impacting the price. Thursday’s gains came alongside a dip in the US dollar index, which sank more than half a percent during the day’s trading session.

The index fell to 97.13, its lowest level since 2022, indicating weaker sentiment for the US dollar, following the release of the US Bureau of Economic Analysis’ third GDP revision revision for the first quarter of 2025.

The data shows that the US economy contracted by 0.5 percent, following a growth rate of 2.4 percent in the final quarter of 2024. The number is significantly different than the 0.3 percent decline reported in the advanced estimate and the 0.2 percent outlined in the second revision. The agency attributes the change to an increase in imports as US businesses increased their inventories to prepare for tariffs proposed by the Trump administration.

The drop in the US dollar index also follows comments made by President Donald Trump this week, indicating that he may look to replace Federal Reserve Chair Jerome Powell as soon as September or October. Powell’s term as head of the central bank is set to expire in May 2026, and his role as governor is due to end in 2028.

Trump has railed against Powell since the start of his term, suggesting the central bank leader has moved too slowly in cutting interest rates. Whether Trump can remove Powell remains to be seen, as the president would need the consent of Congress to carry out such a move.

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

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Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (‘Freegold’ or the ‘Company ‘) is pleased to announce that all matters set out in the Management Information Circular dated May 26 2025 for the 2025 Annual General and Special Meeting of Shareholders held on June 27, 2025 (the ‘Meeting’) were approved by the shareholders holding 98,154,137 shares were voted representing approximately ~ 18.56% of the outstanding shares of the Company.

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

MOTIONS

NUMBER OF SHARES

PERCENTAGE OF VOTES CAST

FOR

AGAINST

WITHHELD/
ABSTAIN

FOR

AGAINST

WITHHELD/
ABSTAIN

To elect as Director :Kristina Walcott

96,353,303

1,800,834

98.165 %

1.835 %

To Elect as Director: Alvin Jackson

97,016,593

1,137,544

98.841 %

1.159 %

To Elect as Director: David Knight

85,790,018

12,364,119

87.403 %

12.597 %

To Elect as Director: Garnet Dawson

97,308,977

845,160

99.139 %

0.861 %

To Elect as Director: Ron Ewing

96,839,477

1,314,660

98.661 %

1.339 %

To Elect as Director: Glen Dickson

85,396,927

12,757,210

87.003 %

12.997 %

To Elect as Director: Reagan Glazier

79,513,338

18,640,799

81.009 %

18.991 %

To Elect as Director: Maurice Tagami

97,900,807

253,330

99.742 %

0.258 %

To Elect as Director: Vivienne Artz

93,614,569

4,539,568

95.375 %

4.625 %

The Company’s shareholders approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditors, as set forth in the management information circular.

The Company’s shareholders approved the Company’s new omnibus equity incentive plan.

Each of the matters voted upon at the Meeting is discussed in detail in the Company’s Information Circular dated May 26 th, 2025, which is filed under the Company’s profile at www.sedarplus.com.

Golden Summit Project Update:

Drilling at Golden Summit is progressing well. Drilling is focused on resource definition, which includes both expansion and infill drilling, as well as geotechnical and metallurgical holes. Like the 2024 drill program, the current efforts aim to upgrade inferred resources to indicated status in preparation for the upcoming pre-feasibility study, which is expected to commence later this year. An updated mineral resource estimate is expected to be finalised soon, and the initial assay results from the 2025 drill program are also anticipated shortly.

The Qualified Person for this release is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited  
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024 , filed under Freegold’s profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold’s operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold’s business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/27/c9322.html

News Provided by Canada Newswire via QuoteMedia

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Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27). The data showed a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

In April, the shift in US trade policy led to significant declines in the manufacturing sector, which saw its largest drop in four years at 1.9 percent. Durable goods manufacturing declined for the first time in four months, dropping 2.2 percent d. The most heavily impacted sub-sectors were transportation equipment and the auto sector, which fell 21.6 percent and 5.2 percent, respectively.

On the positive side, finance and insurance experienced growth of 0.7 percent, with investment services and funds contributing 3.5 percent growth to the sector. StatsCan indicated that the US tariff announcement on April 2 led to increased selling activity in Canadian equity markets.

The Canadian resource sector was flat overall during the month. The oil and gas extraction, excluding oil sands, fell 1.1 percent in April, while oil sands extraction remained unchanged. The agency said that higher bitumen extraction was offset by lower synthetic crude production. Additionally, a temporary shutdown in the Keystone pipeline due to a rupture contributed to a decline in activity.

However, losses were offset by a 4.8 percent gain in support activities for the mining and oil and gas extraction subsectors, with an increase in rigging and drilling activities.

While some of the month-over-month decline was due to the increase in output in March, StatsCan suggests that further slowing is on the way. The agency reported that advanced figures for May show a further 0.1 decline, noting a decrease in the mining, quarrying, and oil and gas extraction category.

South of the border, the US Bureau of Economic Activity released May’s personal consumption expenditures price index (PCE) data on Friday. The index is a key inflation indicator and is the preferred measure used by the Federal Reserve when making its rate decision. The central bank has held its current rate at the 4.25 to 4.5 percent range since it last lowered it in November 2024.

The report shows inflation ticked up 2.3 percent on an annualized basis, higher than the 2.2 percent recorded in April. The increase came after two consecutive months of slowing from 2.7 percent in February and 2.3 percent in March.

Less the more volatile food and energy categories, PCE gained 2.7 percent during the period. While costs for goods increased, current-dollar personal income was down 0.4 percent and disposable income fell 0.6 percent.

US President Donald Trump again signaled his displeasure with the slow pace of rate cuts earlier in the week, and with the Wall Street Journal reporting on Wednesday (June 25) that he may announce a replacement for Chairman Jerome Powell as early as this summer.

While it’s unclear if he will try to remove Powell from the post, the president may try to create a “shadow Fed” that could work to influence markets and undermine decisions made by the current chairman. Powell’s term as chairman is set to expire in May 2026, while his time as board governor won’t end until 2028. His removal would require an act of Congress.

Markets and commodities react

In Canada, major indexes ended the week up. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.77 percent during the week to close at 26,687.14 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, gaining 1.47 percent to 724.26, while the CSE Composite Index (CSE:CSECOMP) climbed 0.74 percent to 117.39.

US equities were also in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 3.41 percent to close at a record high of 6,173.08, the Nasdaq-100 (INDEXNASDAQ:NDX) surging 4.17 percent to its own all-time high of 22,534.20. While it didn’t break its previous high, the Dow Jones Industrial Average (INDEXDJX:.DJI) also climbed significantly, up 3.89 percent to 43,819.26.

On the other hand, the gold price declined this week, falling 2.8 percent to US$3,274.15 by Friday at 4 p.m. EDT. The silver price ended the week down just 0.05 percent at US$35.99.

In base metals, the COMEX copper price surged 5.59 percent over the week to US$5.12 per pound. Prices have been rising due to increased purchases ahead of US tariffs and significant drawdowns of inventories in London Metals Exchange warehouses.

Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) lost 6.07 percent to close at 545.71.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Onyx Gold (TSXV:ONYX)

Weekly gain: 121.28 percent
Market cap: C$106.84 million
Share price: C$2.08

Onyx Gold is an exploration company advancing its Munro-Croesus project, located near Timmins in Ontario, Canada. The company has increased the size of the land package by 200 percent between 2020 and 2025, and the project now covers an area of 109 square kilometers.

Munro-Croesus hosts the historic Croesus mine, which produced 14,859 ounces of gold between 1915 and 1936 with an average grade of 95.3 grams per metric ton (g/t). Onyx is the first company to explore the property since the mine closed.

Shares in Onyx have seen gains in recent weeks as it made several investment and project announcements.

The first came on June 12, when the company announced that it had completed a private placement with Windfall Mining, a subsidiary of Gold Fields (NYSE:GFI), which purchased 9.4 percent of Onyx’s issued and outstanding shares. Onyx said the investment is an endorsement of its long-term vision.

As for this week, on Tuesday (June 24), Onyx announced that it signed a mineral property purchase and sale agreement to acquire a 100 percent interest in the Munro and Hewitt properties, both located near the existing Munro-Croesus project. The acquisition will expand the company’s land package to 109 square kilometers from the previous 95 square kilometers.

In its most recent update on Thursday (June 26), the company reported the first drill results from its 10,000 meter spring drill program at the Argus North zone at Munro-Croesus. One highlighted assay contained 1.8 grams per metric ton (g/t) gold over 91 meters, including 4 g/t over 32 meters and 5.3 g/t over 17 meters.

The company said the results demonstrate the continuity of broad zones of high-grade gold mineralization. It added that mineralization was confirmed along strike and that the zone is still open in all directions.

2. US Copper (TSXV:USCU)

Weekly gain: 83.33 percent
Market cap: C$14.5 million
Share price: C$0.11

US Copper is an exploration company working to advance its Moonlight-Superior project in Northeast California, United States.

The project covers approximately 13 square miles of patented and unpatented federal mining claims in the Lights Creek Copper District, near the Nevada border.

A preliminary economic assessment released on January 6 demonstrated a post-tax net present value of US$1.08 billion with an internal rate of return of 23 percent and a payback period of 5.3 years, assuming a copper price of US$4.15 per pound.

The included mineral resource estimate shows a total indicated resource of 2.5 billion pounds of copper, 21.7 million ounces of silver and 140,042 ounces of gold from 402.83 million metric tons of ore with a grade of 0.31 percent copper, 1.85 parts per million (ppm) silver and 0.012 ppm gold. The majority is hosted at its Moonlight and Superior deposits.

Although the company did not release news this week, its shares have seen significant gains alongside a rising price of copper.

3. ArcWest Exploration (TSXV:AWX)

Weekly gain: 68.42 percent
Market cap: C$11.21 million
Share price: C$0.16

ArcWest Exploration is an exploration company that has most recently been working to advance its Todd Creek and Oweegee Dome properties within the Golden Triangle in British Columbia, Canada.

The Todd Creek property is a 21,343 hectare site that adjoins Newmont’s (TSX:NGT,NYSE:NEM) Brucejack property and hosts widespread copper and gold mineralization. Historical exploration of the site yielded grab samples with up to 37.7 g/t gold and 5.3 percent copper. The project is covered by a March 2023 earn-in agreement with Freeport-McMoRan (NYSE:FCX) that could see Freeport earn a 51 percent stake, with C$20 million in investments over a five year period.

The 31,077 hectare Oweegee Dome property is located 34 kilometers northeast of the Brucejack mine and hosts underexplored copper and gold systems, including Delta and Skowill East. Oweegee Dome is covered by a July 2021 option agreement with Sanatana Resources (TSXV:STA). Under the terms of the agreement, Sanatana can earn an initial 60 percent interest in the property through cumulative exploration investments of C$6.6 million over four years.

Shares in ArcWest gained this week after a pair of announcements.

The first came on Wednesday, when the company reported results from a 2024 drill program, funded and operated by Sanatana, that extended the mineralized zone at Oweegee Dome. Sanatana President Buddy Doyle said, “We now think the alteration and mineralization we see at surface at Delta is only the southeast corner of a larger system.”

The other news was released on Thursday, when it announced it had mobilized for a drill program at Todd Creek. The program will receive a minimum of C$4 million in funding from Freeport-McMoRan.

4. Belo Sun (TSXV:BSX)

Weekly gain: 62.79 percent
Market cap: C$163.35 million
Share price: C$0.35

Belo Sun Mining is an exploration and development company focused on advancing its Volta Grande gold project in Brazil.

The property covers approximately 2,400 hectares within the Tres Palmeiras greenstone belt in Para State, Brazil. The company has been working on the project since 2003, and acquired necessary development permits in 2014 and 2017.

A 2015 mineral reserve estimate demonstrated a proven and probable reserve of 3.79 million ounces of gold from 116 million metric tons of ore with an average grade of 1.02 g/t.

Development at the site stalled in 2018 after a federal judge ruled that the Federal Brazilian Institute of the Environment (IBMA) would be the competent authority for issuing environmental permits. The decision was overturned in 2019 with the Secretariat of Environment and Sustainability of the State of Para (SEMAS) reassuming its permitting authority. The decision was once again reversed in September 2023, returning authority to IBMA.

On January 23, Belo Sun announced that the Federal Court of Appeals had reassigned SEMAS as the permitting authority for the Volta Grande project. The company said it was pleased with the decision, as the agency is familiar with the project and enjoys a constructive and transparent relationship with it.

On Monday (June 23), the company announced shareholders approved a renewal of the company’s governance structure and elected four new directors to the board. Four of the board’s six members are now either Brazilian or have spent significant parts of their careers working in Brazil.

5. Reyna Silver (TSXV:RSLV)

Weekly gain: 52.94 percent
Market cap: C$33.05 million
Share price: C$0.13

Reyna Silver is a silver exploration company with a portfolio of assets in Chihuahua, Mexico, and Nevada, US.

One of its two Mexican assets is Guigui, a 4,750 hectare property covering a significant portion of the Santa Eulalia Mining District. The area has a history of mining dating back to the 1700s with production of almost 450 million ounces of silver between then and 2001.

Its other one is Batopilas, a 1,183 hectare site that covers 94 percent of the Batopilas Mining District, which has significant deposits of pure, native silver. Historic mining at the site produced an estimated 200 million to 300 million ounces of silver dating back to the mid-1600s.

Its primary American asset is the Gryphon Summit project located along the Carlin-trend. The project covers an area of 10,300 hectares and is prospective for gold, silver and critical minerals.

It also owns the Medicine Springs project, which spans 4,831 hectares south of Elko City. Previous exploration at the site identified lead, zinc and silver mineralization.

Shares in Reyna gained this week after it entered into a definitive agreement to be acquired by Torex Gold (TSX:TXG).

The deal, valued at US$26 million, will see Torex acquire all issued and outstanding common shares in Reyna, thereby gaining access to its wholly owned Mexican portfolio. Additionally, Torex will have the option to acquire a 70 percent stake in the Gryphon Summit project and a 100 percent interest in Medicine Springs.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Center Naz Reid is expected to factor into the Minnesota Timberwolves’ long-term plans.

Reid intends to sign a new five-year deal worth $125 million and features a player option, according to ESPN’s Shams Charania.

The 6-foot-9 center had another strong season coming off the bench as the primary backup behind Rudy Gobert. Reid also provides some versatility on the roster with the ability to play as a power forward.

Reid’s new extension will closely align with Timberwolves star Anthony Edwards, who is under contract until the conclusion of the 2028-29 season.

Reid averaged a career-high 14.2 points, 6.0 rebounds, and 2.3 assists in 80 games, with 17 starts, shooting 38.9 percent from 3-point range this past season. He has averaged 11.6 points, 4.9 rebounds and 1.3 assists through the first six years of his career.

Naz Reid’s contract history

Reid has been one of the best values in the NBA, finding an important role after going undrafted in 2019 following one season at LSU.

He has become a fan favorite and a primary option off the bench or a spot start when matchups dictate it.

Reid initially signed a two-way contract with the Timberwolves on July 5, 2019, as an undrafted free agent from LSU. His contract was converted from a two-way deal to a regular contract 13 days later. He had previously signed a contract extension in June 2023.

The 25-year-old signed a three-year, $41.9 million contract in 2023, and it immediately paid dividends as he won the NBA Sixth Man of the Year award the following year.

He had one year left on that previous contract worth $15 million for the 2025-26 season.

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Matthew Schaefer is officially the No. 1 overall pick in the 2025 NHL Draft.

The 17-year-old star was selected by the New York Islanders on June 27 at the Peacock Theater in Los Angeles, despite missing half of last season due to a broken clavicle.

As Schaefer put on his Islanders uniform with the No. 25 on stage, he got emotional, kissing the jersey where a pink ribbon was placed, and pointing to the sky. Schaefer was likely paying homage to his mother, Jennifer, who died during the 2023-24 season.

Watch: Matthew Schaefer emotional after Islanders make him top pick

Schaefer was wearing a jacket with his mother’s picture inside when he arrived at the draft in Los Angeles. His mother, Jennifer, died following a two-year battle with breast cancer during the 2023-24 season. His billet mother, Emily Matson, and Erie Otters owner Jim Waters also died that same season. Schaefer played his junior hockey with Erie.

‘Thank you guys, I appreciate you taking a chance on me,’ Schaefer said to the Islanders’ decision makers following the selection on stage. ‘I promise I won’t disappoint, but especially want to say to my mom and the rest of my family and friends, ‘thanks for everything.”

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The NHL draft is entering its second day on June 28, and free agency is around the corner on July 1.

But there are also trades to be made as NHL teams acquire or move players to improve their immediate future or get their salary cap situation under control.

The latest big one was a trade on June 27 between the New York Islanders and Montreal Canadiens that also affected the first round of the draft. The Islanders sent defenseman Noah Dobson to the Canadiens for winger Emil Heineman and Montreal’s first two first-round picks (16th and 17th overall).

Trades will pick up with the draft continuing and free agency approaching. Tracking the latest NHL deals:

June 27: Hurricanes, Blackhawks trade picks

The Carolina Hurricanes trade No. 29 pick to the Chicago Blackhawks for No. 34 and 61, plus a fifth-round in 2027. The Blackhawks select Fargo forward Mason West.

June 27: Kings, Penguins trade draft picks

The Los Angeles Kings trade the No. 24 pick to the Pittsburgh Penguins for the 31st and 59th overall picks. The hometown Kings move down seven spots and pick up a late second-rounder. Pittsburgh uses the pick on University of Michigan winger Will Horcoff, son for former Oilers captain Shawn Horcoff.

June 27: Senators, Predators trade draft picks

The Ottawa Senators trade the No. 21 pick to the Nashville Predators for the 23rd and 67th overall picks. Ottawa moves down two spots and gets a third-rounder. Nashville uses the pick to draft Kitchener (Ontario) defenseman Cameron Reid.

June 27: Penguins, Flyers trade draft picks

The Pittsburgh Penguins trade pick No. 12 to the Philadelphia Flyers for picks No. 22 and 31. No back-to-back picks for the Penguins and the Flyers go from three first-rounders to two. The Flyers take Windsor (Ontario) center Jack Nesbitt with the pick.

June 27: Blue Jackets acquire Charlie Coyle, Miles Wood from Avalanche

The Avalanche get back 20-year-old forward Gavin Brindley, a third-round selection (77th overall) in the 2025 NHL Draft and a conditional 2027 second-rounder. This move helps the Blue Jackets’ depth. Wood has a lot of speed and kills penalties. Coyle, acquired by the Avalanche at the trade deadline, had 25 goals two seasons ago. The Avalanche clear cap space.

June 27: Canadiens acquire Noah Dobson from Islanders

Dobson, a restricted free agent, signed an eight-year, $76 million extension as part of the deal, according to Friedman. Dobson, a skilled offensive defenseman, had 70 points two seasons ago and joins a Montreal blue line that features rookie of the year Lane Hutson. Islanders general manager Mathieu Darche gets two picks in the middle of the first round. Could he use the 16th and 17th picks as part of a package to move up in the draft? He didn’t, drafting Victor Eklund and Kashawn Aitcheson. Heineman, whom the Islanders acquired from the Canadiens as part of the deal, is known for his speed and two-way ability.

June 26: Mammoth acquire JJ Peterka from Sabres

The Utah Mammoth will be aggressive this offseason as they head into their second season in Salt Lake City. Peterka is coming off a career-best 68 points and totaled 55 goals the past two seasons. The 23-year-old was a restricted free agent and signed a five-year deal with the Mammoth after the trade.

The Sabres, who need to adjust their roster to try to end a 14-season playoff drought, get back defenseman Michael Kesselring and forward Josh Doan. Kesselring, 25, had a career-best 29 points as he got more ice time because of injuries on the Utah blue line. Doan, 23, is the son of former Arizona Coyotes captain Shane Doan. He has another year left on his contract.

June 26: Panthers acquire Daniil Tarasov from the Blue Jackets

The Panthers give up a 2025 fifth-round pick for Tarasov, 26, a restricted free agent who became available with Jet Greaves emerging in Columbus. Current backup Vitek Vanecek is a pending unrestricted free agent. Tarasov has a career 3.44 goals-against average but those numbers should come down while playing behind a better Panthers defense. Sergei Bobrovsky will be 37 next season and has a year left on his contract. General Bill Zito potentially has found his future No. 1 goalie.

Also: The Seattle Kraken acquired two-way center Frederick Gaudreau from the Minnesota Wild for a 2025 fourth-round pick. … In a free agency move, the Dallas Stars re-signed captain Jamie Benn for one year at $1 million, plus an additional $3 million in potential performance bonuses

June 25: Oilers trade Evander Kane to Canucks

This was a salary cap move, saving more than $5 million with the Oilers needing to re-sign defenseman Evan Bouchard. The Oilers get back a fourth-round pick. Kane, a Vancouver native, adds help on the wing with the Canucks expected to lose Brock Boeser to free agency.

June 23: Flyers acquire Trevor Zegras from Ducks

Zegras wanted to play center and the Ducks didn’t have room for him there in their top six. The Flyers land a creative forward who has scored several lacrosse-style goals but also has dealt recently with injuries. The Ducks get back center Ryan Poehling, who wins faceoffs and kills penalties, two areas where Anaheim needed improvement. They also receive a 2025 second-round pick and a 2026 fourth-rounder.

June 21: Blackhawks, Kraken make trade

The Chicago Blackhawks traded for left wing Andre Burakovsky, sending center Joe Veleno back to the Seattle Kraken. Burakovsky was available after the Kraken earlier acquired Mason Marchment. Burakovsky has struggled with injuries over the past two seasons but bounced back to play 79 games during the 2024-25 season, netting 10 goals and 27 assists with Seattle. Veleno scored 17 points this season between the Chicago Blackhawks and Detroit Red Wings. – Elizabeth Flores

June 19: Kraken acquire Mason Marchment from Stars

The Stars needed to clear out cap space after re-signing Matt Duchene so they traded 22-goal scorer Mason Marchment and his $4.5 million contract to the Seattle Kraken for a 2026 third-round pick and a 2025 fourth-rounder. In addition to his goals, he’s 6-foot-5 and throws hits.

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Deontay Wilder beat Tyrrell Herndon by seventh-round TKO Friday night at Charles Koch Arena in Wichita, Kansas, possibly breathing life back into Wilder’s boxing career.

The former heavyweight world champion had lost four of his past five fights – including three by knockout – before his successful return to the ring.

Wilder, 39, did not land the thunderbolt right hand for which he is known. But he hit Herndon hard enough to win the fight, which the referee waved off at 2:16 of Round 7. Wilder also showed versatility, using his jab, his left and the right. He scored knockdowns in Round 2 and Round 6, but neither were the result of the infamous right hand.

“I know I didn’t give everybody what they truly wanted to see, but we going to get better and better as we get going,’’ Wilder said during an in-ring interview on the BLK Prime livestream. “This is a new beginning for me, so we’re striving to be better and better each day to give people what they want.”

Wilder improved to 44-4-1. Herndon, a 37-year-old journeyman from San Antonio, dropped to 24-6.

Wilder won the WBC world heavyweight championship in 2015 and defended the title 10 times before losing it to Tyson Fury in 2020. Wilder was fighting for the first time since he got knocked out in the fifth round by Zhilei Zhang on June 1, 2024.

‘I laid off a long time getting myself back together, getting myself mentally, physically, emotionally back together,’ Wilder said. ‘It’s been a long road for me. Just glad to be back in the ring.’

Deontay Wilder vs. Tyrrell Herndon fight: Round-by-round analysis

Round 1

Buster Douglas, who shocked the world when he knocked out Mike Tyson in 1990, is in attendance. Tyrrell Herndon is hoping to borrow that “shock the world’’ script as his fight against Deontay Wilder begins. Wilder lets fly with a sharp left. Misses. They’re standing toe-to-toe before Herndon begins backpedaling, wisely. Wilder looks to be in terrific shape but so far is relying on the left jab. Herndon looks understandably cautious. Wilder stalking, but the right hand remains holstered. Now he lets a right go and misses. Herndon looks far more focused on avoiding the big punch than throwing one. Wilder returns to his jab but not showing ferocity. Wilder 10, Herndon 9.

Round 2

Wilder opens by flicking the left jab again. Herndon responds with his own jab and Wilder backs away. Then Wilder unloads a right that misses the mark. Wilder pawing now with the jab and backing away. He is not exuding the Wilder confidence. Throws another big right that Herndon dodges and he scurries away. Herndon has yet to throw a punch of consequence, but eats another jab. Oh, Wilder lands a left jab that knocks Herndon down! Herndon indicates it was a slip, and he’s quickly up and the fight resumes. Wilder 20, Herndon 17.

Round 3

Wilder firing the jab and looks more comfortable. Herndon looks stymied by Wilder’s significant reach advantage. He sidesteps another Wilder right without countering. His next impressive punch will be his first, as Wilder dominates the action here behind his jab. Misses with an uppercut and continues to stalk Herndon with the jab. Herndon lands a jab. Let’s document it before we forget it. He unloads with a right that’s way off the mark and the round ends. Wilder 30, Herndon 26.

Round 4

Wilder comes out aggressively, but he eats a left as he tries to position himself for … the KO punch? Wilder again working behind the left jab. Herndon lands a couple of effective lefts and this fight suddenly looks less one-sided. Herndon showing more confidence, at which point Wilder unloads his right and has Herndon escaping by bouncing off the ropes. Sloppy. Bell rings. Wilder 40, Herndon 35.

Round 5

Wilder throws a left and a right and is getting revved up. He tags Herndon with a right that backs up Herndon but won’t close Herndon’s eyes and end the fight. Herndon fighting back. Well, trying. Having trouble closing the distance between himself and Wilder. Wilder lands a nice left but can’t find his target with the right. Herndon lands a noteworthy right before the round ends with Herndon bleeding from the nose. Wilder 50, Herndon 44.

Round 6

Wilder delivers a hard left to the body, not unleashing rights. Herndon’s on the canvas, but this time it’s a slip. Wilder pounces, unleashing his left and right as Herndon ducks. Wilder throwing rights but struggling to hit the mark. Herndon smiling, then lowers his head and reaches for Wilder in hopes of holding on. Wilder unloading rights and down goes Herndon. As a result of letting his gloves hit the canvas. Herndon back up and the fight resumes. Wilder unloading again, drills Herndon and throws him to the canvas as the round ends. Wilder 60, Herndon 52.

Round 7

Wilder comes out behind that left jab. Throws a big right that misses. But he lands with a follow-up and scores with a left. Herndon, covering up, drops to his knee in a corner. Boos can be heard. Wilder moving forward, lands a big right and the referee stops the fight! It’s Wilder by TKO!

Deon Nicholson def. Devonte Williams

Most of the crowd had emptied the arena before this bizarre finish. Originally scheduled as the co-main event, the light heavyweight bout ended up serving as the final and most confounding fight of the night.

The BLK Prime broadcasters repeatedly suggested Williams was looking for a way out of the fight. Williams virtually confirmed it in the fourth round, when he took a knee after getting hit with a body shot, smiled, spit out his mouthguard and watched as the referee halted the fight.

It was hard to tell who was smiling more broadly – Nicholson, who improved to 22-1, or Williams, who dropped to 13-2 after appearing to let the bout end prematurely.

Deontay Wilder vs. Tyrrell Herndon: Time, PPV, streaming for fight

The highly anticipated bout between Deontay Wilder vs. Tyrrell Herndon will take place on Friday, June 27 and can be watched on BLK Prime pay-per-view.

  • Date: Friday, June 27, 2025
  • Time: 9 p.m. ET
  • Location: Wichita, Kansas
  • PPV: BLK Prime pay-per-view
  • Streaming: Fubo as a Pay-per-view

Deontay Wilder vs. Tyrrell Herndon main card, ring walk start times

  • Main card start time: 9 p.m. ET
  • Main event ring walks: 11 p.m. ET (approximate)

Nico Hernandez def. Robert Ledesma by TKO

Hernandez, a bronze medalist at the 2016 Olympics, put on a show. Fighting for the first time in two years, Hernandez, a native of Wichita, dominated Ledesma with power and flair.

Hernandez, 29, knocked down Ledesma with a body punch in the first round and did it a second time in the following round, at which point the ref waved off the fight.

Hernandez improved to 12-0.

Ledesma, a 37-year-old from San Antonio, hardly looked like Olympic medalist material while falling to 3-15-1.

Gustavo Trujillo def. Lateef Kayode by TKO

Trujillo pounded Kayode into submission in the sixth round of the heavyweight bout. It ended with Kayode’s corner calling to the ref to end the fight, with the referee officially halting it at 2:15 of the sixth round.

Trujillo, a 32-year-old Cuban, improved to 8-0.

Kayode looked stiff and awkward almost from the start of the bout. But while he continued to absorb punishment, he periodically fought back.

That finally ceased in the sixth round as Trujillo whaled away. Kayode, a 42-year-old from Nigeria, dropped to 22-6.

Aaron Casper def Jeff Page Jr. by unanimous decision

Do not judge a fighter by his record. At least not the 8-11-2 record that Casper brought into the fight.

Casper consistently landed a variety of head-snapping punches and won the six-round cruiserweight fight.

The judges scored it 59-55, 59-55, 58-56 in favor of Casper, a 36-year-old from Georgia.

Page entered with a record of 18-3, and Casper seemed to be only one of his issues. So was ring rust and fatigue while fighting pro for the first time in eight years.

Eric Valencia def. Willie Harris by TKO

It started oddly, with Harris taking a knee just a few seconds into the fight after taking a punch to the head.

The lightweight bout ended somewhat mysteriously, too, when Harris dropped to the canvas several seconds after getting hit by a body shot later in the first round. He wore a look of agony, indicated he couldn’t continue and the referee waved off the fight.

Valencia, 21, improved to 4-0. Harris, 20, dropped to 0-2.

John Cantrell def. Franklin Sparks by KO

The canvas is getting a workout at Charles Koch Arena. Cantrell floored Sparks with a knockout punch that left him slumped in the corner in the first round of their heavyweight fight.

Cantrell, a 35-year-old from Kansas, improved to 14-0. Sparks, a 40-year-old from Missouri, dropped to 4-5.

Cantrell’s first-round KO was the second straight on the card

Jorge Carlos def. Jay Krupp by KO

The 42-year-old Krupp returned to the ring for the first time in almost 10 years. For a chance to face undefeated, 19-year-old Carlos.

It’s no stretch to think Krupp will regret the decision.

Carlos knocked him out in the first round with a brutal body shot. Krupp already had gone down once from another left to the body. The KO shot left him wincing, gasping for air and clearly unable to continue the lightweight bout.

Kansas City’s Carlos improved to 10-0 and Florida’s Krupp fell to 18-11.

Marco Romero def. Andre Amaro by KO

Amaro took the fight on short notice. It ended on short notice, too.

The 43-year-old Amaro of Hawaii crumpled to the canvas in the first round of the super middleweight bout after getting clubbed by an overhand right from the 19-year-old Romero of Wichita.

With the knockout, Romero improved to 9-0 with eight KOs. Amaro dropped to 2-1.

Chauncey Wilson def. Joshua Richey by unanimous decision

Wilson celebrated his victory with a double backflip that was almost as entertaining as the four-round featherweight fight.

Showboating. Trash talking. Plenty of slugging, and a knockdown.

It was Wilson who knocked down Richey in the second round in the pro debut of both fighters who hail from Wichita, Kansas.

The judges scored it 40-35, 40-35 and 39-36 for the 33-year-old Wilson. Richey, 31, got no creativity points despite what appeared to be an attempt to throw a punch from behind his back during a clinch.

Kayla Williams def. Helen Lucero by unanimous decision

At 47, Helen Lucero of Denver stepped into the ring with an 0-4 record and a chance to end the skid against a fighter 15 years younger.

No luck.

Kayla Williams, a 32-year-old from Andover, Kansas, controlled the fight with her trusty right hand during the four-round lightweight fight. She improved to 2-1. Lucero never backed down but suffered her fifth straight loss by decision.

The judges scored the fight 40-39, 40-39 and 39-37 in favor of Williams

Noah Aldana def. General Lee by TKO

Aldana dropped Lee to the canvas with a straight right followed by a left in the third round of their lightweight fight.

With Lee bleeding from the mouth and wobbly as he reached his feet, the referee stopped the fight at 2:38 of the third round.

Aldana, a 22-year-old from Garden City, Kansas, improved to 4-0 with his fourth knockout.

Lee, a 33-year-old from Joplin, Missouri, was making his pro debut. 

Deontay Wilder vs. Tyrrell Herndon fight card

  • Deontay Wilder (43-4-1) vs. Tyrrell Herndon (24-5)
  • Deon Nicholson (21-1) vs. Devonte Williams (13-1)
  • Nico Hernandez (11-0) vs. Robert Ledesma (3-14-1)
  • Gustavo Trujillo (7-0) vs. Lateef Kayode (22-5)
  • Jeff Page Jr. (18-3) vs. Aaron Casper (8-11-2)
  • Jorge Carlos (9-0) vs. Jay Krupp (18-10)
  • John Cantrell (13-0) vs. Franklin Sparks (4-4)
  • Joshua Richey (debut) vs. Chancey Wilson (debut)
  • Eric Valencia (3-0) vs. Willie Harris (0-1)
  • Kayla Williams (1-1) vs. Helen Lucero (0-4)
  • Miguel Noah Aldana (3-0) vs. General Lee (debut)

Deontay Wilder vs. Tyrrell Herndon fight odds

All odds are for moneyline bets as of evening of Friday, June 27, according to BetMGM.

  • Deontay Wilder (-1600) vs. Tyrrell Herndon (+700)
  • Tie: (+2500)

Deontay Wilder vs. Tyrrell Herndon predictions

Sporting News: Wilder via KO

Daniel Yanofsky writes, ‘As we have seen through his career, Wilder can take damage. Recently, he hasn’t been able to take shots from the best boxing has to offer. However, he only needs one punch to take an opponent out.  If Wilder can’t get the win, it’s an indication of where he is in his career. He doesn’t need to be his best. The 39-year-old just needs to throw like a madman with everything to lose.  Don’t count out an upset, but if he still has that pop, Wilder should finish things off in the early rounds.’

CBS Sports: Deontay Wilder via KO1

Brent Brookhouse writes, ‘Wilder doesn’t need to be at his best to beat a fighter like Herndon, he just needs to throw punches. The biggest concerns for Wilder are that he didn’t throw nearly enough punches in his two most recent outings and that he has suffered some big knockdowns and knockouts over his past five fights. Those are probably concerns that come into play against a better opponent than Herndon.’

Deontay Wilder vs. Tyrrell Herndon price

The full card for the Deontay Wilder vs. Tyrrell Herndon will be shown on BLK Prime pay-per-view for $24.99.

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The NASCAR Cup Series rolls into the Atlanta area for a Saturday night race that will also serve as the debut of its inaugural In-Season Challenge.

The full field will race for the win at EchoPark Speedway (formerly Atlanta Motor Speedway) just as they normally would, but within the race, 32 drivers will compete in head-to-head matchups seeking to finish better than their opponent and advance to the next round.

The NASCAR In-Season Challenge will run for five races, culminating with the final on Sunday, July 27 at Indianapolis Motor Speedway, where two drivers will compete against each other for a $1 million prize. The single-elimination tournament, which is similar to March Madness or a tennis draw, will cut the field of competitors in half following each race leading up to the championship.

The 32 drivers were seeded based on their finishes at three previous races – at Michigan, Mexico City and Pocono – with Denny Hamlin earning the No. 1 seed, while his Joe Gibbs Racing teammate Chase Briscoe earned the No. 2 seed. But, drivers who did not qualify for the In-Season Challenge will still be racing on the track alongside tournament participants, and everyone will be seeking the ultimate prize: taking the checkered flag at the end of the night and celebrating in victory lane.

Who will come out on top? Here is all the information you need to get ready for the Quaker State 400 at EchoPark Speedway:

What time does the NASCAR Cup race at Atlanta start?

The Quaker State 400 is scheduled to start at 7 p.m. ET on Saturday, June 28, at EchoPark Speedway in Hampton, Georgia.

What TV channel is the NASCAR Cup race at Atlanta on?

The Quaker State 400 will be broadcast on TNT, with an alternate telecast on truTV. A pre-race show on TNT will air at 6:30 p.m. ET, with a post-race show to follow the completion of the race.

Will there be a live stream of the NASCAR Cup race at Atlanta?

Yes. The Quaker State 400 can be live streamed on Max and Sling TV.

Stream the NASCAR race at Atlanta on Sling

How many laps is the NASCAR Cup race at Atlanta?

The Quaker State 400 is 260 laps around the 1.54-mile oval for a total of 400.4 miles. The race will feature three segments (laps per stage) — Stage 1: 60 laps; Stage 2: 100 laps; Stage 3: 100 laps.

Who won the most recent NASCAR Cup races at Atlanta?

In the second race of the 2025 season on Feb. 23, Christopher Bell won in overtime, topping Carson Hocevar as the race ended under caution due to a crash on the final lap. Bell had started way back in 32nd place but found himself up front when the race restarted for a green-white-checkered finish. 

What is the lineup for the Quaker State 400 at Atlanta?

(Car number in parentheses)

  1. (22) Joey Logano, Ford
  2. (21) Josh Berry, Ford
  3. (12) Ryan Blaney, Ford
  4. (2) Austin Cindric, Ford
  5. (60) Ryan Preece, Ford
  6. (6) Brad Keselowski, Ford
  7. (41) Cole Custer, Ford
  8. (38) Zane Smith, Ford
  9. (48) Alex Bowman, Chevrolet
  10. (19) Chase Briscoe, Toyota
  11. (5) Kyle Larson, Chevrolet
  12. (3) Austin Dillon, Chevrolet
  13. (17) Chris Buescher, Ford
  14. (10) Ty Dillon, Chevrolet
  15. (9) Chase Elliott, Chevrolet
  16. (54) Ty Gibbs, Toyota
  17. (34) Todd Gilliland, Ford
  18. (24) William Byron, Chevrolet
  19. (42) John Hunter Nemechek, Toyota
  20. (35) Riley Herbst, Toyota
  21. (16) AJ Allmendinger, Chevrolet
  22. (7) Justin Haley, Chevrolet
  23. (45) Tyler Reddick, Toyota
  24. (23) Bubba Wallace, Toyota
  25. (1) Corey LaJoie, Ford
  26. (43) Erik Jones, Toyota
  27. (4) Noah Gragson, Ford
  28. (20) Christopher Bell, Toyota
  29. (8) Kyle Busch, Chevrolet
  30. (77) Carson Hocevar, Chevrolet
  31. (99) Daniel Suarez, Chevrolet
  32. (71) Michael McDowell, Chevrolet
  33. (11) Denny Hamlin, Toyota
  34. (1) Ross Chastain, Chevrolet
  35. (88) Shane Van Gisbergen, Chevrolet
  36. (87) Connor Zilisch, Chevrolet
  37. (47) Ricky Stenhouse Jr., Chevrolet
  38. (78) BJ McLeod, Chevrolet
  39. (51) Cody Ware, Ford
  40. (66) David Starr, Ford

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The S&P 500 ($SPX) just logged its second consecutive 1% gain on Tuesday. That’s three solid 1% advances so far in June. And with a few trading days remaining in the month, the index has recorded only one 1% decline so far.

A lot can still happen before the month ends, but, as it stands, June is looking a lot like May, which also saw three 1% gains and one 1% loss. Taken together, these months resemble May and June of last year, although back then the S&P 500 advanced 52 consecutive sessions without a single 1% decline.

What this means for you: After the volatility of March and April—and the sharp rebound in mid-April—there has been a notable shift toward a more consistent uptrend. We talk about this frequently, and it bears repeating: the characteristics of a steady uptrend are unmistakable. It’s the foundation of our analysis that shapes our market outlook.

FIGURE 1. THE NUMBER OF 1% MOVES IN THE S&P 500 IN 2024 AND 2025. June is looking similar to May, which also saw three 1% gains and one 1% loss. It’s echoing the behavior we saw in May and June of 2024.

It all starts with daily price action. Low two-way volatility has set the tone in recent weeks. If this type of month-to-month tempo in daily moves continues, the uptrend can persist. The opposite, of course, is also true.

Zooming In On the Short-Term Moves

Looking at the S&P 500’s recent price action on the short-term chart, the index is now approximately +3% from its recent low last Friday. If this multi-day bounce were to stop now, it would be among the smallest over the last nine months. Indeed, most didn’t get much further before the next bout of profit taking, but this shows how the staircase-like advance could continue.

In other words, if this cadence persists, the S&P 500 could meander through its former highs, i.e., we may not see a resounding breakout. The more boring a move through 6,147, the better.

FIGURE 2. TWO-HOUR CHART OF THE S&P 500. The staircase-like advance in $SPX could continue, and the index could tiptoe through previous highs.

Also, notice how the recent drawdown only pulled the 14-period relative strength index (RSI) on this two-hour chart marginally below the 50 level, which shows that the momentum shift was limited last week. It’s a reminder of how weak the bounce attempt was in March, which set the stage for the second down leg of that move. If the reverse is now true, then another up leg could be afoot soon.

NVDA Stock: A Daily Perspective

NVDA made a new all-time high on Wednesday, the first since January 7. Its participation since the April 7 low has been a major and necessary piece to the SMH, XLK, NDX, and SPX’s rallies, and the global equity market’s overall comeback. 

We last cited the stock on May 27 and May 29 (before and right after it reported earnings), noting the bull flag pattern. The flag has held throughout, and NVDA is now close to achieving that price target. So, what’s next?

FIGURE 3: DAILY CHART OF NVDA’S STOCK PRICE. After the bull flag pattern, NVDA is close to achieving its price target.

NVDA vs. 200-Day Moving Average

NVDA’s comeback has pulled the stock back above its 200-day moving average. We’ve shown this before as the stock was coming back. The last few times NVDA reclaimed the long-term line after spending a long time below it, the stock advanced higher for years.

FIGURE 4. DAILY CHART OF NVDA WITH 200-DAY MOVING AVERAGE. The last few times NVDA broke above its 200-day moving average after spending a long time below it, the stock advanced higher for years.

NVDA Stock: A Weekly Perspective

Even though NVDA made a marginal new high in early January, there was no follow-through. Thus, NVDA remains net flat since November 2024 and isn’t too far above its spike highs from last June either.

Altogether, the round trip can now be viewed as one big bullish pattern. We’ve seen similar formations play out three times since the October low. Once NVDA finally got through those volatile periods and broke out, those strong extensions that we all remember well ensued. Past performance is no guarantee of future returns, but patterns tend to repeat no matter the timeframe. So, we need to respect that the same kind of breakout could happen again with the stock is sitting at the same levels as it was eight months ago, but with strong market-wide demand at its back.

FIGURE 5. WEEKLY CHART OF NVDA. Could a breakout with strong market-wide demand occur?

NVDA – GoNoGo

NVDA’s weekly trend just flipped to positive on the GoNoGo chart, as well. As is clear, the last time this happened was in early 2023, the same time that the first bullish pattern on the preceding chart happened.

FIGURE 6. NVDA’S PRICE ACTION USING GONOGO CHART. The weekly trend just switched to positive. This happened in 2023, which is around the time the first bullish pattern occurred in the weekly chart in Figure 5.

NVDA Stock: A Monthly Perspective

Zooming way out, this also could be the fourth major breakout from a monthly perspective. The prior ones happened in 2015, 2020, and 2023.

FIGURE 7. MONTHLY CHART OF NVDA. There could be a fourth major breakout in NVDA’s stock price.

The Bottom Line

If you’re someone who likes to stay invested with an eye on the long-term, this is the kind of environment where patience pays off. The S&P 500 appears to be building strength, and NVDA is helping lead the charge.