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Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Business 3 Mins Read

Apple has accused a former engineer for its Vision Pro headset computer of stealing company trade secrets before starting a new job at Snap, according to a lawsuit filed in California last week.

In the June 24 court filing, Apple accuses Di Liu, a senior design engineer, of downloading thousands of documents in his final days at the Cupertino company last year and saving them to his personal cloud accounts.

This lawsuit is the latest example of Apple publicly going after a former employee for leaking internal information. Apple is an intensely secretive company, and lawsuits like this one highlight how the iPhone maker exercises tight control over its internal information, even if it has to pursue legal action against former staff.

Apple alleges that Liu didn’t inform the company when he resigned late last year that he was headed to Snap, a competitor and maker of smart glasses. As a result, Apple did not shut off his access to accounts and allowed him a customary two-week transition period, which he used to download company files, according to the lawsuit.

“Worse still, the review of Mr. Liu’s Apple-issued work laptop also shows that while maintaining access to Apple’s Proprietary Information under false pretenses, he used his Apple credentials to exfiltrate thousands of documents containing Proprietary Information from Apple’s secure file storage systems,” the iPhone maker’s lawyers said in the filing.

Many of the files downloaded by Liu had codenames for Apple projects and described the company’s technology, product design and supply chain, according to the lawsuit. Apple says that all employees agree to keep Apple files confidential and that Liu broke confidentiality agreements he made when he joined. Liu worked for Apple between 2017 and 2024, according to the lawsuit.

Liu worked on Apple’s Vision Pro headset as a system product design engineer, per the filing. Liu did not respond to a request for comment from CNBC.

Apple lawyers wrote that Liu could use the trade secrets in his work at Snap. Apple is not suing Snap, and the social media company did not respond to a request for comment.

“The overlap between Apple’s Proprietary Information that Mr. Liu retained and Snap’s AR products (for which Mr. Liu is a ‘product design engineer’) suggests that Mr. Liu intends to use Apple’s Proprietary Information at Snap,” according to the filing.

Apple is seeking damages and for Liu to have his devices inspected by a forensic examiner to make sure all the trade secrets are deleted.

The iPhone maker has sued several former employees in recent years for taking files when they left the company.

Apple settled with former engineer Simon Lancaster in 2022 over providing information to a journalist. Apple also sued a former employee, Andrew Aude, in 2024 over leaking details to the media. That lawsuit was dismissed after Aude apologized.

The Cupertino company sued Rivos, a chip startup staffed by former Apple semiconductor employees, over its intellectual property, and settled in 2024.

Additionally at least three former Apple employees have also been arrested and accused by the government of taking company secrets and giving them to China-linked organizations. One pled guilty and was sentenced to four months in prison, and two are still in proceedings.

This post appeared first on NBC NEWS

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Business

Microsoft laying off about 9,000 employees in latest round of cuts

Business 3 Mins Read

Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC.

The announcement comes on the second day of Microsoft’s 2026 fiscal year. Executives at the Redmond, Washington-based company typically unveil reorganizations at the time of the new fiscal year.

“We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,” a Microsoft spokesperson said in an email.

Microsoft has held several rounds of layoffs already this calendar year. In January, it cut less than 1% of headcount based on performance. The 50-year-old software company slashed more than 6,000 jobs in May and then at least 300 more in June. As of June 2024 it employed 228,000 people. In 2023, it laid off 10,000.

Perhaps the largest culling of Microsoft workers came in 2014, when the company eliminated 18,000 after acquiring Nokia’s devices and services business.

As was the case with the May layoffs, Microsoft is looking to reduce the number of layers of managers that stand between individual contributors and top executives, said the person who asked not to be named while discussing internal matters.

“To position Gaming for enduring success and allow us to focus on strategic growth areas, we will end or decrease work in certain areas of the business and follow Microsoft’s lead in removing layers of management to increase agility and effectiveness,” Phil Spencer, Microsoft’s CEO of gaming, wrote in a Wednesday memo to employees in that division.

Microsoft reported nearly $26 billion in net income on $70 billion in revenue for the March quarter. The numbers were well ahead of Wall Street’s consensus, keeping Microsoft ranked as one of the most profitable companies in the S&P 500 index, according to data compiled by FactSet.

Executives called for about 14% year-over-year revenue growth in the June quarter, thanks to expected expansion in Azure cloud services and corporate productivity software subscriptions

Microsoft stock closed at a record high of $497.45 per share on June 26. At the start of Wednesday’s trading session, the shares were down about 0.6%, while the S&P 500 was roughly flat.

Autodesk, Chegg and CrowdStrike are among the other software providers that have slimmed down in 2025. Earlier on Wednesday, payroll processing company ADP said the U.S. private sector lost 33,000 jobs in June. Economists polled by Dow Jones had predicted an increase of 100,000.

This post appeared first on NBC NEWS

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Stock

S&P 500 Earnings for 2025 Q1 — Still Overvalued

Stock 3 Mins Read

S&P 500 earnings are in for 2025 Q1, and here is our valuation analysis.

The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued P/E of 10 (green line). Annotations on the right side of the chart show where the range is projected to be, based upon earnings estimates through 2026 Q1.

Historically, price has usually remained below the top of the normal value range (red line); however, since about 1998, it has not been uncommon for price to exceed normal overvalue levels, sometimes by a lot. The market has been mostly overvalued since 1992, and it has not been undervalued since 1984. We could say that this is the “new normal,” except that it isn’t normal by GAAP (Generally Accepted Accounting Principles) standards.

We use GAAP earnings as the basis for our analysis. The table below shows earnings projections through March 2026. Keep in mind that the P/E estimates are calculated based upon the S&P 500 close as of June 30, 2025. They will change daily depending on where the market goes from here. It is notable that the P/E remains outside the normal range.

The following table shows where the bands are projected be, based upon earnings estimates through 2026 Q1.

This DecisionPoint chart keeps track of S&P 500 fundamentals, P/E and yield, and it is updated daily — not that you need to watch it that closely, but it is up-to-date when you need it.

CONCLUSION: The market is still very overvalued and the P/E is still well above the normal range. Earnings have ticked up and are projected to trend higher for the next four quarters. High valuation applies negative pressure on the market, but other more positive factors can keep the market in overvalued territory.

(c) Copyright 2025 DecisionPoint.com

Technical Analysis is a windsock, not a crystal ball.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

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Stock

Top 10 July 2025 Stock Picks You Shouldn’t Miss

Stock 1 Min Read

Join Grayson for a solo show as he reveals his top 10 stock charts to watch this month. From breakout strategies to moving average setups, he walks through technical analysis techniques using relative strength, momentum, and trend-following indicators. As a viewer, you’ll also gain insight into key market trends and chart patterns that could directly impact your trading strategy. Whether you’re a short-term trader or a long-term investor, this breakdown will help you stay one step ahead.

This video originally premiered on July 1, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

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Investing

Group Eleven Drills Best Hole Yet at Ballywire: 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu, incl. 5.6m of 16.6% Zn+Pb, 370 g/t Ag and 0.86% Cu

Investing 10 Mins Read

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the latest step-out drill results from the Zn-Pb-Ag horizon at its Ballywire discovery (‘Ballywire’) at the 100%-owned PG West Project (‘PG West’), Republic of Ireland. Drilling at Ballywire’s deeper, Cu-Ag target is in progress (to be reported in due course).

Highlights:

  • 25-3552-35 (a 50m step-out to the NE from previous drilling, along the Zn-Pb-Ag horizon) intersected:
    • 53.9m of 7.9% Zn+Pb (4.7% Zn and 3.2% Pb), 99 g/t Ag and 0.20% Cu, including
    • 39.7m of 9.5% Zn+Pb (5.6% Zn and 3.9% Pb), 131 g/t Ag and 0.27% Cu, including
    • 18.3m of 16.1% Zn+Pb (8.9% Zn and 7.2% Pb), 233 g/t Ag and 0.42% Cu, including
    • 5.6m of 16.6% Zn+Pb (8.0% Zn and 8.5% Pb), 370 g/t Ag and 0.86% Cu
    • True thickness is estimated to be 90-100% of the intervals noted above and below
  • Three Cu-Ag enriched zones were also intersected below the above intercept in the same hole:
    • 5.5m of 3.2% Zn+Pb (0.9% Zn and 2.2% Pb), 209 g/t Ag and 0.49% Cu, including
      • 0.9m of 2.1% Zn+Pb (1.5% Zn and 0.6% Pb), 831 g/t Ag and 2.46% Cu and
    • 0.9m of 195 g/t Ag and 0.21% Cu and
    • 3.5m of 7.1% Zn+Pb (3.5% Zn and 3.6% Pb), 134 g/t Ag and 0.34% Cu, including
      • 0.9m of 3.5% Zn+Pb (0.5% Zn and 3.0% Pb), 224 g/t Ag and 0.63% Cu
  • These results extend the strike length of the immediate Ballywire discovery corridor from 1,250m to 1,300m, while demonstrating much thicker mineralization than previously encountered
  • This corridor is hosted within a larger 2.6km long trend of robust mineralization pierced by drilling at Ballywire to date, along a prospective trend of over 6km (defined by four regional gravity-high anomalies, only one of which has been systematically drill tested to date)
  • Today’s elevated Cu-Ag values further substantiate the Company’s ‘deeper Cu-Ag’ target (100-200m below the Zn-Pb-Ag horizon), currently being drill tested (second hole in progress)
  • Three rigs are turning at Ballywire with over 4,000m of drilling completed year-to-date; Group Eleven aims to complete 8,000-10,000m in 2025 (fully funded)

‘Today’s hole represents our thickest intercept yet at the Ballywire discovery, surpassing our 29.6 metres of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu announced in June 2024,’ stated Bart Jaworski, CEO. ‘Not only does this intercept extend strike and show exceptional mineralized thickness but also demonstrates zones of strong copper-silver values. This adds to growing evidence suggesting a deeper Cu-Ag horizon one to two hundred metres below the main Ballywire discovery horizon. This deeper target is currently being drilled, with one hole finished and a second started. We look forward to releasing these results as soon as assays are available. With three rigs turning each on excellent targets at Ballywire and a recently announced strengthened cash position of C$4.3 million, Group Eleven is poised to keep generating shareholder value through the drill bit for the foreseeable future.’

Exhibit 1. Plan Drill Hole Map of Ballywire Discovery, Showing Hole 25-3552-35

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/257506_7a4c0f28c4b01b45_002full.jpg

Exhibit 2. Long-Section of 25-3552-35 (50m Step-Out) at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/257506_7a4c0f28c4b01b45_003full.jpg

Note: Structural interpretation above is preliminary and subject to change with further drilling and compilation

Ballywire Drill Update

The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 53 holes drilled and reported by Group Eleven to date, including the most recent hole (25-3552-35) reported today (see Exhibits 1 to 3).

Drilling at Ballywire continues with three rigs. Currently, eight (8) new holes are completed (and in the process of being logged, sampled and assayed). Six of these holes are shown in Exhibit 1, with two other holes near gravity-high anomaly ‘D’ (located 1.3km to the ENE). Recently strengthened financial position provides Group Eleven flexibility to either ramp-up drilling in 2025 and/or extend its runway for drilling well into 2026.

Assays from 25-3552-35 are summarized below (see Exhibit 3). Strong mineralization starts to occur within the Waulsortian Limestone at 120.6m downhole and continues intermittently until 187.9m, at which point, mineralization becomes more consistent through to near the base of the Waulsortian Limestone at 242.9m. Below the Waulsortian Limestone, several horizons of elevated copper-silver occur. Mineralization consists predominantly of sphalerite, galena and pyrite, with the copper-silver bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

Exhibit 3. Summary of Assays from 25-3552-35 at Ballywire

Item From
(m)		 To
(m)		 Int
(m)		 Zn
(%)		 Pb
(%)		 Zn+Pb
(%)		 Ag
(g/t)		 Cu
(%)
25-3552-35 120.58 121.49 0.91 10.85 2.90 13.75 235.0 0.03
And 148.67 149.62 0.95 16.90 4.05 20.95 69.6 0.02
And 155.22 156.15 0.93 6.16 0.67 6.83 18.5 0.01
And 163.74 177.63 13.89 3.61 0.57 4.17 9.4 0.00
Incl. 173.19 177.63 4.44 5.08 1.14 6.22 18.6 0.01
Incl. 174.98 175.91 0.93 10.20 2.72 12.92 47.1 0.02
And 187.88 241.82 53.94 4.72 3.18 7.89 99.3 0.20
Incl. 202.15 241.82 39.67 5.61 3.85 9.45 131.1 0.27
Incl. 212.55 230.81 18.26 8.89 7.18 16.06 233.1 0.42
Incl. 212.55 224.21 11.66 11.60 9.99 21.59 207.8 0.34
Incl. 221.33 226.96 5.63 8.03 8.54 16.57 370.0 0.86
Incl. 222.32 223.25 0.93 16.20 18.90 35.10 556.0 1.13
And 238.21 241.82 3.61 0.41 0.17 0.58 96.4 0.54
Incl. 240.92 241.82 0.90 0.82 0.55 1.37 223.0 1.27
And 252.32 257.80 5.48 0.94 2.22 3.16 208.8 0.49
Incl. 252.32 254.09 1.77 2.01 3.68 5.69 616.8 1.50
Incl. 252.32 253.20 0.88 1.48 0.63 2.11 831.0 2.46
And 263.23 264.15 0.92 0.01 0.08 0.09 195.0 0.21
And 268.70 272.15 3.45 3.50 3.55 7.06 133.7 0.34
Incl. 271.27 272.15 0.88 0.50 2.99 3.49 224.0 0.63

 

Note: True thickness of the mineralized interval in hole 25-3552-35, as a percentage of the down-hole interval, is estimated to be 90-100%

Notes to Exhibit 4: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland’, by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Exhibit 4. Regional Map of Ballywire Discovery

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/257506_gefig4.jpg

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.55m to 1.32m with an average (over 188 samples) of 0.92m. The half-core samples are bagged, labelled and sealed at Group Eleven’s core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials (‘CRMs’ or ‘Standards’) as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF and FRA: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
  • 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)

Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit2. The Company’s two largest shareholders are Michael Gentile (15.3%) and Glencore Canada Corp. (15.2% interest). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

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

Cautionary Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018)

2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257506

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Investing

Blue Sky Uranium Acquires Key Subsurface Data for Corcovo Uranium Project, Mendoza Province, Argentina

Investing 6 Mins Read

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) (‘Blue Sky’ or the ‘Company’) is pleased to announce that it has obtained an additional substantial historic subsurface dataset for its Corcovo Uranium Project an ‘in situ’ recovery (‘ ISR ‘) high potential target, located in the Western Malargüe Mining District, Mendoza Province Argentina . This dataset was originally generated by operators in the oil & gas (‘ O&G ‘) with concession holdings in the area. The new data package includes complete information from 449 historical O&G wells ranging from more than 500 metres up to 750 metres in depth within the Corcovo concession area, featuring geophysical logging data such as gamma-ray, spontaneous potential (SP), and other parameters, compiled in the O&G industry standard format for well log data (Log ASCII Standard or ‘ LAS ‘ format). In addition, the Company received 34 2D seismic lines, covering the entire Corcovo project area ( Figure 1 ).

Nikolaos Cacos , President & CEO of the Company stated, ‘This new data package is a major milestone for the Corcovo Project. Blue Sky now have a massive amount of information from over 500 drill holes that will allow us to rapidly enhance our geological model, improve confidence in the interpreted uranium-bearing horizons, and potentially accelerate future targeting for ISR-style uranium mineralization.’

Blue Sky had previously acquired data from 89 O&G wells from which the team identified radiometric anomalies at four different stacked horizons and outlined a potential roll-front morphology along approximately 7km (see News Release dated June 4, 2025 ). The newly acquired information is currently being integrated into Blue Sky’s geophysical and geological interpretation to refine the exploration targets. The Company continues to work to identify and access additional data, including 3D seismic surveys known to have been previously performed in the project area.

The Corcovo Project covers 20,000 hectares at the northeastern margin of the O&G producing Neuquén Basin. The geological potential of the region for uranium ISR deposits was initially defined by CNEA, the state-owned nuclear company, as reported in the International Atomic Energy Agency and Nuclear Energy Agency document titled: ‘ Uranium 2024: Resources, Production and Demand ‘. Blue Sky optioned the Corcovo project in 2024 as part of a strategic initiative to broaden the Company’s medium to long-term prospects for discovery of additional uranium mineral resources. The project benefits from flat topography, road access, and year-round accessibility, supporting cost-effective exploration and potential future ISR development.

Qualified Persons

The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi , CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina . The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier.  The Company’s recently optioned Corcovo project has demonstrated potential to host an in-situ recovery (‘ ISR ‘) uranium deposit. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’

______________________________________
Nikolaos Cacos , President, CEO and Director

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

This news release may contain forward-looking statements and forward-looking information (collectively, the ‘forward-looking statements’) within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company’s planned exploration campaigns, advancement of the Corcovo project, the future value of the previous work done to the Corcovo project and potential of the Corcovo and Amarillo Grande projects. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; ri   sks relating to the dependence of the Company on key management personnel and outside parties;   the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, including in respect of the Company’s planned drilling program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

View original content to download multimedia: https://www.prnewswire.com/news-releases/blue-sky-uranium-acquires-key-subsurface-data-for-corcovo-uranium-project-mendoza-province-argentina-302496484.html

SOURCE Blue Sky Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/02/c4350.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

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Editor's pick

Catherine, Princess of Wales makes first public appearance after dropping out of Royal Ascot

Editor's pick 3 Mins Read

Catherine, Princess of Wales visited a wellbeing garden at Colchester Hospital on Wednesday, marking her first public appearance since she unexpectedly dropped out of an appearance at Royal Ascot two weeks ago.

Kate visited the hospital garden in the southeast of England to “celebrate the incredible healing power of nature,” according to Kensington Palace.

During the visit, the princess also met with patients and staff at the hospital’s Cancer Wellbeing Centre “to understand how gardens in healthcare settings play a crucial role in promoting good health outcomes, preventing poor health and supporting increased recovery time,” the palace said.

Kate, 43, has underlined the importance of nature in her health journey over the last year.

“Over the past year, nature has been my sanctuary,” she said in a video posted on X to mark Mental Health Awareness Week in May.

Kate revealed her cancer diagnosis and that she had started chemotherapy last March. As she underwent treatment, she stepped back from public life and only made a few rare appearances last summer. In September, she announced she had completed chemotherapy and was “doing what I can to stay cancer free.”

Although she has taken on more appearances this year, the popular royal is understood to be working to find the right balance as she returns to public duties after treatment.

Before dropping out of Ascot at short notice, Kate had attended a number of engagements in recent weeks, including two major events in the royal calendar, the Trooping the Colour parade in London and the Order of the Garter service in Windsor.

She resumed in-person duties last week when she and Prince William invited Melinda French Gates for a meeting at Windsor Castle. They were understood to have discussed their philanthropic work, according to Britain’s PA Media news agency.

Kate’s visit to Colchester Hospital on Wednesday coincided with the hospital accepting a donation of 50 “Catherine’s Rose” plants, a specially-bred rose named in her honor by the Royal Horticultural Society. She planted some of these roses, which, when sold commercially, will have their proceeds donated to The Royal Marsden Cancer Charity.

Kate has become deeply involved in the charity since her diagnosis. In January, Kensington Palace announced that she had been named the joint patron of The Royal Marsden NHS Foundation Trust, the specialist cancer center in Chelsea, west London, where she was treated.

Funds from the sale of these roses will be used to help the charity establish a specialist program helping cancer patients live well with the disease, and after their treatment has been completed.

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Iran’s president approves law suspending cooperation with UN nuclear watchdog

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Iranian President Masoud Pezeshkian has approved a law to halt cooperation with the International Atomic Energy Agency (IAEA), a move which will likely obscure any attempt by Tehran to restart its damaged nuclear program.

Wednesday’s decision comes a week after Iran’s parliament passed a law to suspend cooperation with the UN nuclear watchdog. Iran blames the IAEA for collaborating with Israel and providing a pathway for strikes on its nuclear facilities, an accusation which the agency denies.

Pezeshkian ordered Iran’s Atomic Energy Organization, the Supreme National Security Council, and the Ministry of Foreign Affairs to begin implementing the law, state-run news agency IRNA said.

It’s unclear when and how the new law will be implemented, but the decision could pave the way for Iran to rebuild its nuclear program without inspections or monitoring from the IAEA. Iran is a signatory to the Non-Proliferation Treaty (NPT), which requires members to allow monitoring and inspections of facilities to confirm the peaceful nature of nuclear programs.

Israel launched an unprecedented attack on Iran last month that targeted its military commanders, nuclear facilities and the scientists who develop its atomic program. In the week that followed, the United States launched supportive strikes on Iranian nuclear facilities in Natanz, Isfahan and Fordow. A 12-day conflict between Israel and Iran ended with a ceasefire last week.

Iran said its facilities were badly damaged in the attacks but that it intends to continue enriching uranium to continue its “peaceful” nuclear program. On Sunday, the IAEA said US strikes on Iran fell short of causing total damage to the program and that Tehran could restart enriching uranium “in a matter of months.”

Days before Israel attacked the Iranian facilities, the IAEA said it could not verify that Tehran’s nuclear program is entirely peaceful and issued a report saying Iran was enriching uranium to near weapons-grade levels.

That document triggered an IAEA resolution censuring Iran, fueling outrage across the Iranian government who accuse the agency and its director general, Rafael Grossi, of being biased.

Iran’s Supreme Leader Ayatollah Khamenei has repeatedly denied Iran is building a bomb and says weapons of mass destruction are forbidden under Islam. The country began enriching uranium to higher levels after US President Donald Trump withdrew in 2018 from a nuclear agreement signed between the Obama administration and Iran.

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Clean energy stocks fall as Trump bill would tax components from China, phase out credits

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Clean energy stocks fell Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components and abruptly phases out key credits.

Shares of NextEra Energy, the largest renewable developer in the U.S., fell 4%. Solar stocks Array Technologies, Enphase and Nextracker were down between 1% and 9%.

The Senate is voting Monday on amendments to the legislation. The current draft ends the two most important tax credits for solar and wind projects placed in service after 2027.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” Tesla CEO Elon Musk posted on X over the weekend. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

Previous versions of the bill were more flexible, allowing projects that began construction before 2027 to qualify for the investment and electricity production tax credits, according to Monday note from Goldman Sachs.

The change “compresses project timelines and adds significant execution risk,” Bank of America analyst Dimple Gosal told clients in a note Monday. “Developers with large ’25 pipelines, may struggle to meet the new deadlines — potentially delaying or downsizing planned investments.”

The Senate legislation also slaps a tax on solar and wind projects that enter service after 2027 if they use components made in China.

“The latest draft in the Senate has become more restrictive for most renewable players, moving toward a worst case outcome for solar and wind, with a few improvements for subsectors on the margin,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.

To be sure, the rooftop solar industry is viewed by Wall Street as a relative winner from the bill, with Sunrun shares up more than 13% and SolarEdge trading more than 6% higher on Monday. The legislation seems to allow tax credits for leased rooftop systems to remain in place through the end of 2027, which was not the case in previous versions, according to Goldman Sachs.

And First Solar is up more than 9% as the legislation seems to allow the manufacturer to claim credits for both components and final products, according to Bank of America.

This post appeared first on NBC NEWS

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Lululemon sues Costco over selling alleged dupes

Business 3 Mins Read

Love your Costco dupes? Lululemon is coming after them.

Lululemon has filed a lawsuit against Costco, accusing the big box store of selling knockoffs of the athleisure brand’s apparel for a fraction of the price.

According to the complaint filed Friday in the Central District of California, Costco allegedly ‘unlawfully traded’ on Lululemon’s ‘reputation, goodwill and sweat equity’ by selling unauthorized and unlicensed knockoffs and dupes, infringing on the company’s popular patents.

The complaint lists several Costco items that appear to rip off Lululemon’s designs and patents: Costco’s ‘Danskin Half-Zip Pullover’ that retails for just $8. The lawsuit claims it’s a dupe for Lululemon’s SCUBA pullover that sells for $118. Costco’s ‘Jockey Ladies Yoga Jacket’ and ‘Spyder Women’s Yoga Jacket,’ which sell for $22, appear to be a dupe of Lululemon’s DEFINE jacket with a price tag of $128. The ‘Kirkland 5 Pocket Performance Pant,’ sold online for $10, is a dupe for Lululemon’s $128 ABC Pant, the complaint contended.

The lawsuit alleged trade dress infringement, unfair competition under the Lanham Act, patent infringement, and violation of the California Unfair Business Practices Act.

Lululemon seeks to recover monetary damages from lost profits, claiming it suffered ‘significant harm’ to its brands and reputation.

Dupes have surged in popularity, fueled by social media and young people seeking trendy, high-quality clothing without breaking the bank. The suit noted that hashtags like ‘LululemonDupes’ have trended on social media platforms like TikTok, with influencers promoting ‘these copycat products.’

Lululemon, based in Vancouver, acknowledged some companies have replicated its proprietary apparel designs and sold them as ‘dupes.’ The company said it has sent cease and desist letters to such companies, including Costco.

Specifically, the suit claimed Costco sells dupes of Lululemon’s popular SCUBA, DEFINE, and ABC lines, ‘which have earned substantial fame and considerable goodwill among the public.’

Costco allegedly profited off confusion and allowed customers to believe the products are authentic, the lawsuit claimed.

The suit said Costco is known to use manufacturers of popular branded products for its own Kirkland label products.

‘This source ambiguity preconditions at least some consumers into believing that private label, Kirkland-branded dupes are in fact manufactured by the authentic suppliers of the ‘original’ products. Defendant does not dispel this ambiguity,’ the complaint said.

In November, Lululemon wrote to Costco about the infringement, and Costco subsequently removed at least some of the products that infringed Lululemon’s SCUBA mark, but later began selling the Hi-Tec Men’s Scuba full zip, the complaint said.

The suit seeks a jury trial and for the court to order Costco to pay Lululemon damages in the form of lost profits, an order to permanently restrain Costco from making or selling more dupes, and an order to remove any ads or posts displaying the infringing products.

Costco did not immediately respond to NBC News’ request for comment on Tuesday.

Lululemon said in a statement that ‘as an innovation-led company that invests significantly in the research, development, and design of our products, we take the responsibility of protecting and enforcing our intellectual property rights very seriously and pursue the appropriate legal action when necessary.’

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