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Seabed Mining Heats Up as Lockheed Martin Courts Interest in Pacific Licenses

Investing 5 Mins Read

Defense manufacturer Lockheed Martin (NYSE:LMT) is in early talks with undersea mining companies to open access to two dormant seabed exploration licenses it has held since the 1980s

The move signals a renewed US push to tap the ocean floor for critical minerals.

The licenses, which cover swaths of the eastern Pacific seabed in international waters, were awarded to Lockheed by US regulators decades ago during a previous wave of interest in deep-sea mining.

Though the projects never progressed to extraction, they are now gaining fresh attention as nations and corporations seek alternative sources of key minerals used in electric vehicles, defense technologies, and clean energy systems.

“We are in early stages of conversations with several companies about giving them access to our licences and allowing them to process those materials,” Frank St. John, Lockheed’s chief operating officer, told the Financial Times.

While St. John declined to quantify the potential value of the deposits, he added that interested parties have “done the homework and determined there is value there.”

Lockheed’s seabed licenses could represent a strategic foothold in a mineral-rich region, containing polymetallic nodules that can hold commercially viable concentrations of key metals.

The timing also coincides with recent executive action from the White House.

USPresident Donald Trump, who returned to office in January, signed an executive order in April asserting US rights to issue mining licenses in international waters and encouraging the stockpiling of seabed metals as strategic resources.

The order bypasses ongoing negotiations at the International Seabed Authority (ISA), the UN agency tasked with regulating deep-sea mining, and instead relies on the 1980 US Deep Seabed Hard Mineral Resources Act as the legal foundation.

It emphasizes the need to “establish the US as a global leader in seabed mineral exploration and development both within and beyond national jurisdiction.” While the US has not ratified the UN Convention on the Law of the Sea — the treaty from which the ISA derives its authority — it has signed a 1994 agreement recognizing the treaty’s seabed provisions and operates its own permitting system through the National Oceanic and Atmospheric Administration.

Lockheed said it welcomes the renewed policy attention. “We believe the US has the opportunity to develop a gold standard for commercial recovery of nodules in an environmentally responsible manner.”

Court upholds TMC disclosures on deep-dea mining risks

Lockheed is not alone in navigating the legal uncertainties surrounding seabed mining.

The Metals Company (TMC) (NASDAQ:TMC), a deep-sea mining startup, recently survived a shareholder lawsuit alleging it had misled investors about the environmental impacts and financial backing of its operations.

US District Judge Eric Komitee dismissed the claims, ruling that the company’s comparisons to conventional mining methods were not misleading, even if deep-sea mining still carries environmental risks.

“It is eminently possible that (1) deep-sea mining causes meaningful environmental harm, and yet (2) such harm is significantly less than the harm caused by existing methods,” the judge wrote.

TMC had disclosed in filings that deep-sea mining could result in damage and that the regulatory path remained uncertain. Its legal win may encourage others — like Lockheed — to proceed more openly with their seabed plans, albeit cautiously.

Deep-sea mining industry cautiously awakens

The growing pursuit of potentially extracting resources from the world’s oceans comes at a critical juncture for the seabed-mining industry. For decades, a de facto moratorium on mining in international waters has been in place due to regulatory uncertainty and environmental concerns.

The ISA has issued more than 30 exploratory permits, but has yet to finalize commercial extraction rules. That delay has prompted frustration from some parties, while drawing calls from others for a pause or outright ban.

Currently, the ISA is holding key assemblies in Jamaica to hash out the long-awaited mining code to regulate commercial activity on the ocean floor with provisions for environmental safeguards, royalties, and tax obligations.

But a growing number of countries — 37 at last count — have pushed for a precautionary pause, citing risks to deep-sea ecosystems that remain largely uncharted. Scientists warn that mining these habitats could cause irreversible damage.

In 2023, Lockheed appeared to step back from the sector by selling two UK-sponsored exploration licenses in the Pacific, a move interpreted by analysts as signaling reduced confidence in deep-sea mining.

However, its retained US licenses suggest it never fully exited the space.

The Trump administration’s executive order marks the most assertive US step yet to undermine the ISA’s multilateral approach, raising fears among diplomats that the agency may lose legitimacy.

China, which has also invested heavily in seabed mining, responded sharply to the move.

“The US authorization violates international law and harms the overall interests of the international community,” Chinese foreign ministry spokesman Guo Jiakun said earlier this year.

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

This post appeared first on investingnews.com

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Investing

Rule Symposium 2025: Gold, Geopolitics and the Real Asset Uprising

Investing 7 Mins Read

The resource investing community descended on Boca Raton, Florida, during the first full week of July for another edition of the Rule Symposium, hosted by veteran investor and speculator Rick Rule.

The five day event featured an illustrious array of speakers, panelists and companies sharing a wealth of investor knowledge. As in years past, gold remained a top focus, with many presenters stressing the value it offers investors.

Opening the conference, Rule provided a sobering overview of the current economic trajectory. He urged investors to set aside political narratives and instead focus on the raw arithmetic of America’s financial condition.

“It’s not about politics, it’s about math,” said Rule.

He pointed to three figures that define the US financial landscape: US$141 trillion in aggregate private net worth, a US$27.71 trillion GDP and a personal savings rate of just 4 percent. That’s set against mounting obligations — US$36.6 trillion in federal debt held by bondholders and over US$100 trillion in unfunded federal entitlements.

Rule cautioned that the imbalance between assets and liabilities points to a looming reckoning, potentially echoing the inflationary erosion of the 1970s, when the US dollar lost 75 percent of its purchasing power.

“There’s no way out of this without reducing the value of the dollar,” he told the audience. “(The) increase in gold (prices) will mirror the decrease in purchasing power of the US dollar.’

To hedge against this risk, Rule encouraged attendees to adopt a more self-reliant approach.

He advised listeners to question government guarantees, focus on building personal financial resilience and consider investing in inflation-sensitive assets such as gold and silver. “The math doesn’t lie — it’s time to prepare, not just react,” said Rule. ”I need you not to panic when the time is right, but rather to pounce.”

Watch a recap of key Rule Symposium takeaways.

Tailwinds turning to headwinds

In addition to strategically allocating to gold, geopolitical uncertainty was as a key theme at the Rule Symposium.

During his presentation “Back to the Old Drawing Board: First Principles and the Lost Art of Investing Through Crisis,” author and publisher Grant Williams made the case that longstanding tailwinds — globalization, demographic expansion and low interest rates — have reversed, giving way to persistent uncertainty.

 

Williams provides an overview of shifting market dynamics.

He traced the last four decades of wealth creation to a rare alignment of forces that pushed asset prices, particularly US equities, sharply higher. However, since 2020, a new macro regime has emerged, defined by tighter monetary policy, rising geopolitical risk and fading confidence in the US dollar.

Like many speakers at the Rule Symposium, Williams also underscored the massive gold purchases central banks are making. During Q1 of this year, central banks added 244 metric tons of gold to their official reserves, a 24 percent increase above the five year quarterly average, according to World Gold Council data.

For Williams, this shift signals growing concern within the financial system — a trend investors shouldn’t overlook.

“When central banks are exchanging their reserves for gold in record amounts, if they feel the sudden urgent need to own more gold, you better believe that we should feel that too,” he noted.

The expert went on to illustrate how major economic and societal cycles are converging, suggesting more volatility ahead. A live poll of the audience taken during his session revealed growing unease among attendees, with many already adjusting their portfolios and long-term goals. In response, Williams called for a return to key principles: scarcity, durability, resilience, trust, patience and a clear-eyed acceptance of uncertainty.

These, he said, should now anchor any sound investment approach. He urged Rule Symposium attendees to shift their mindset from chasing returns to preserving capital by reducing overexposure to US equities, diversifying by geography and asset class and focusing on businesses with real staying power.

The investment playbook of the past no longer fits the world we’re entering, he stressed.

Navigating what Williams calls an “age of headwinds” will require humility, discipline and a willingness to rethink what truly creates and protects wealth.

Hard assets set to shine

Economist, author and former Wall Street executive Dr. Nomi Prins laid out a case for what she calls the “real asset uprising,” a global shift in value and power driven by hard assets like gold, silver, copper, uranium and rare earths.

Drawing on her experience in high-level banking and her current work in the mining sector, Prins argued that rising geopolitical friction, shifting trade dynamics and financial system strain are fueling a renewed focus on tangible resources. She pointed to surging institutional interest in commodities, noting that Wall Street deal flow tied to real assets is up 24 percent year-on-year, while hiring in commodity finance roles has increased by 15 percent.

Gold, once dismissed on trading desks, is now seen as a strategic monetary tool.

According to Prins, the yellow metal will not replace the US dollar as the reserve currency, but it will play a central role in bilateral trade and power negotiations. Gold’s jurisdiction — where it is stored and mined — is now more important than ever, she explained, as nations seek to shield assets from sanctions and instability.

Silver, copper, uranium and rare earths are all finding support through similar structural tailwinds, Prins pointed out.

Silver demand is rising due to its industrial applications, and limited aboveground supply is driving long-term contracts.

For its part, copper has become so strategically important that the US is conducting a Section 232 national security investigation into its supply chain, a move historically reserved for defense resources. Major buyers like China and India are stockpiling copper in anticipation of supply constraints.

Uranium is also surging back into focus, driven by bipartisan support for nuclear energy. Legislation and executive orders are fast tracking uranium permitting and enrichment, with utility demand expected to outstrip supply.

Rare earths = real assets

Prins highlighted rare earths as a critical new front in the ongoing global shift in value and power.

‘Rare earths are intrinsic to the nation,’ she said, pointing to their essential role in defense, electronics and energy technologies. With 85 percent of processing controlled by China, the US has launched Section 232 investigations to assess domestic vulnerabilities — reports on copper and rare earths are expected this fall.

Prins described her decision to join the board of a rare earths company as a natural extension of her belief in physical assets: “It’s not just about the asset — it’s about controlling the asset, the processing and the movement.”

That theme underpins the investment case: security of supply, efficient processing and strategic jurisdiction are key to value creation. She also noted a dramatic capital rotation, saying that US$330 billion has exited bonds over the past year, while US$230 billion has flowed into commodities.

“Wall Street is following the real asset story,” Prins emphasized.

 

Rule sits down with Porter Stansberry to discuss his investment strategy.

Prins then said real upside now lies not just in owning resources, but in having processing capability.

New technologies, like advanced rare earths separation methods, are increasing economic viability and attracting private capital. “Where private money and public power combine, that’s where the investment opportunity is,” she said.

With key policy announcements and trade shifts looming in the fall, she warned investors this is a “very critical time” in the real asset uprising. For Prins, the message is clear: investors, policymakers and mining leaders must position accordingly, because, in today’s world, “whoever controls the ground controls the game.’

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

This post appeared first on investingnews.com

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Bitcoin Just Smashed $112K—Is a Surge to 124K Next?

Stock 5 Mins Read

Bitcoin ($BTCUSD) is riding a wave of surging optimism, smashing past $112k as retail and institutional capital pour into the cryptocurrency. Some say the market has grown euphoric, and that a sharp pullback may be lurking around the corner. Others believe this is just the beginning of another leg higher.

A few key questions to guide your analysis: What does $BTCUSD’s history tell us about breakouts above major resistance after a prolonged period of sideways movement? If it’s the start of another move higher, how can you project an upside target? And, if it reverses, where could support levels come into play?

What $BTCUSD’s History Reveals About Breakouts and Big Rallies

Let’s begin by taking a look at a 3-year weekly chart.

FIGURE 1. WEEKLY CHART OF $BTCUSD. Note the crypto’s impressive rallies after clearing resistance following a prolonged period of sideways trading.

In 2023, $BTCUSD traded sideways for six months, repeatedly failing to break above resistance around $31k. But once it did, the crypto soared more than 126% before a major pullback.

A similar pattern unfolded in 2024: seven months in a wide range, unable to clear resistance between $71k and $73k. When $BTCUSD finally broke out in November, it staged a parabolic move, rallying nearly 47% before pulling back again, setting another key resistance zone that brings it to overhead resistance range between $110k–$112k.

So this answers the question posed about $BTCUSD’s historical tendencies after breaking above a prolonged range. Historically, the crypto tends to stage an outsized run once it clears critical resistance. But will it happen this time around? If so, how can you estimate a potential upside target? And if the breakout fails, where might $BTCUSD find support?

Seasonality Trends: $BTCUSD’s Strongest Months

Before looking at a daily chart, let’s look at $BTCUSD’s seasonality chart going back 10 years. If you’re curious as to how the crypto has performed during the summer months, maybe this can help.

FIGURE 2. 10-YEAR SEASONALITY CHART OF $BTCUSD. Most months on average have been quite strong for the asset, but October’s performance has been strong, with an average seasonal return of 21%.

According to its seasonality performance, July is arguably strong with a favorable positive close rate (70%) and return (9.6%). However, October is the crypto’s strongest month, with an 89% positive close rate and an average return of 21%. Over the last 10 years, $BTCUSD’s performance has been volatile, which accounts for the outsize returns on this chart. While seasonal tendencies don’t guarantee a repeat, knowing the general bullish/bearish seasonality context can help inform your analysis and trading decisions.

Now, let’s look at a daily chart to find entry points or estimate an upside target while identifying support, should its breakout fail to follow through.

$BTCUSD Breaks Critical $112K Resistance

FIGURE 3. DAILY CHART OF $BTCUSD. The asset just broke above critical resistance. If you have a position, now’s the time to estimate potential price targets.

$BTCUSD just broke the critical resistance level of $112k. The Relative Strength Index (RSI) is indicating strong momentum, easing into an overbought reading. While there’s no way to fundamentally determine the crypto’s upside target, one technical method is to use a measured move by taking the height of the prior range and adding it to the top of the range (or the breakout level; this varies by trader).

Calculating an Upside Target Using a Measured Move Approach

Measuring the range from the support area around $98k up to $110–112k (we’ll settle for $110k), you can project that distance of $12k above the top level of the breakout range, which implies a potential target near $124k, more or less.

$110k breakout + $12k range height = $122k–$124k target, depending on entry.

However, note that some traders don’t wait for a 100% measured move before taking profits. Some will exit positions as soon as a 60% move has occurred, but that really depends on the trader.

Key Support Levels to Watch if the Breakout Fails

Now, if $BTCUSD fails to follow through and reverses, you can reasonably expect support at roughly these three levels:

  • The breakout level near $112k.
  • A strong historical support level at around $110k.
  • Another support level within the previous trading range (shaded red) near $100k, which coincides with concentrated levels of trading activity, according to the Volume-by-Price (the horizontal volume bars on the left side of the chart).

If $BTCUSD falls below the previous trading range, that is, below $98k, then the current rally is likely over.

What to Do Now

Ideally, a trader’s entry point would have been at $112k. Considering that some platforms allow fractional lots of $BTCUSD, some people may choose to enter smaller positions, as a fractional position would minimize risk and reward.

If you already have a position in $BTCUSD, put it in your ChartLists, and set a price alert at $124k or any measured move percentage below that 100% target level (like 60% of the measured move would be at $119k).

If the breakout fails, expect a near-term bounce between $110k and $112k. However, a move lower toward $100k or $98k would likely signal an end to the bullish thesis. Traders might even consider placing a stop a few points below $98k to avoid the likelihood of further downside.

At the Close

$BTCUSD has a history of explosive moves after clearing major resistance, but it can just as easily blindside you with a sudden reversal. That’s why it’s crucial to keep upside and downside levels in mind. Seasonality also favors the bulls, with most months delivering favorable returns. Add the crypto to your ChartLists and set price alerts to track whether your upside target is hit, or whether downside levels signal either an early bounce or a failed rally.

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.

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Stock

From Hammer to Harami: Using StockCharts to Crack the Candlestick Code

Stock 1 Min Read

Join Dave as he reviews three common candle patterns traders can use to identify potential turning points. From bullish engulfing patterns to evening star patterns, Dave gives insights on how to leverage these powerful candle signals to anticipate market shifts. He also shows combining candle patterns with conventional technical analysis tools can help improve success rates.

This video originally premiered on July 14, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

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Investing

WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION

Investing 5 Mins Read

 

 

western copper and gold corporation (‘Western’ or the ‘Company’) (TSX: WRN) (NYSE American: WRN) is pleased to provide an update on its Environmental and Socio-economic Effects Statement (‘ESE Statement’) submission for the Casino Project (the ‘Project’).

 

 

   

 

 

The ESE Statement incorporates extensive technical work, including environmental and socio-economic baselines studies and assessments. Western is pleased with the progress to date and the level of consultation achieved thus far with First Nations and communities. The feedback from this engagement is making the Project stronger, and we look forward to continuing and intensifying these efforts during the assessment process. The Company expects to deliver its ESE Statement to the Yukon Environmental and Socio-economic Assessment Board (‘YESAB’) before the end of October.

 

‘The Western team and our external consultants have been working diligently on the Project ESE Statement’ said Sandeep Singh , President & CEO. ‘There is an incredible amount of work that has already gone into the Project. We are now in the final stages of compiling and refining this body of work into our submission.

 

The Company is the first to undertake a Panel Review in the Yukon , the highest level of rigor of any project assessed in the territory. We welcome that oversight and believe, more than ever, that the Project can be advanced sustainably and for the benefit of all Yukoners.

 

As one of Canada’s largest and most advanced critical minerals projects, we are uniquely positioned to benefit from Yukon and Federal priorities around resource security, Arctic sovereignty, and nation-strengthening infrastructure.’

 

  ABOUT western copper and gold corporation  

 

 western copper and gold corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

 

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

 

For more information, visit www.westerncopperandgold.com .

 

On behalf of the board,

 

  ‘Sandeep Singh’  

 

  Sandeep Singh  
President and CEO
western copper and gold corporation 

 

   Cautionary Note Regarding Forward-Looking Statements   

 

  This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘projects’, ‘intends’, ‘estimates’, ‘envisages’, ‘potential’, ‘possible’, ‘strategy’, ‘goals’, ‘opportunities’, ‘objectives’, or variations thereof or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the timing of the ESE Statement submission and expectations about the assessment process.  

 

  Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company’s performance; and other risks and uncertainties disclosed in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.  

 

  Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.  

 

  Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.  

 

  View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-provides-update-on-ese-submission-302504836.html  

 

SOURCE western copper and gold corporation 

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/15/c9794.html  

 

 

 

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

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Investing

Sranan Gold Announces Investor Webinar on Exploration Activities at the Tapanahony Project in Suriname

Investing 4 Mins Read

Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) invites investors to attend the Company’s upcoming live webinar presentation and audience Q&A.

CEO Oscar Louzada will provide an overview of the Company’s 29,000-hectare Tapanahony Project in Suriname, where historical drilling and artisanal mining underscore the project’s resource potential, and a sufficiently funded drilling campaign is set to commence imminently.

The webinar will be a live, interactive online event where attendees can ask the presenter questions. A recording will be available for those who cannot join the live event.

Event: Presentation and Q&A with Sranan Gold Corp. hosted by Radius Research
Presentation Date & Time: Thursday, July 17, 2025 at 12:00PM Eastern Time / 9:00AM Pacific Time
Webcast Registration Link: https://us02web.zoom.us/webinar/register/5217520835419/WN_k-jVtrbsRY2cRugxL6RHSg 

This webinar is hosted by Radius Research, part of Market Radius Capital, Inc. and hosted by Martin Gagel, a former top-ranked sell-side technology and special situations analyst.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname. There is significant production from saprolite by local miners along a 4.5-kilometre trend, where several areas of mining have been opened.

Sranan Gold is also exploring its Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division. For more information, visit sranangold.com.

Information contact
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258809

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Business

Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

Business 3 Mins Read

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue.

Fed Chair Jerome Powell asked for the review, following blistering criticism of the project, initially pegged at $2.5 billion but hit by cost overruns that have brought accusations from President Donald Trump and other administration officials of “fundamental mismanagement.”

“The idea that the Fed could print money and then spend $2.5 billion on a building without real congressional oversight, it didn’t occur to the people that framed the Federal Reserve Act,” Kevin Hassett, director of the National Economic Council, said Monday on CNBC’s “Squawk Box.” “We’ve got a real problem of oversight and excess spending.”

The inspector general serves the Fed and the Consumer Financial Protection Bureau and is responsible for looking for fraud, waste and abuse. Powell’s request was reported first by Axios.

In a letter posted to social media last week, Russell Vought, head of the Office of Management and Budget, also slammed the project, which involves two of the Fed’s three Washington, D.C., buildings including its main headquarters known as the Eccles Building.

Vought, during a CNBC interview Friday, likened the building to the Palace of Versailles in France and charged that Powell was guilty of “fiscal mismanagement” at the Fed.

For its part, the central bank has posted a detailed frequently asked questions page on its site, highlighting key details and explaining why some of the specifications were changed or “scaled back or eliminated” at least in part due to higher-than-expected construction costs.

“The project also remediates safety issues by removing hazardous materials such as asbestos and lead and will bring the buildings up to modern code,” the page explains. “While periodic work has been done to keep the buildings occupiable, neither building has seen a comprehensive renovation since they were constructed.”

The Fed is not a taxpayer-funded institution and is therefore not under the OMB’s supervision. It has worked with the National Capital Planning Commission in Washington on the project, but also noted on the FAQ page that it “does not regard any of those changes as warranting further review.”

In separate comments, former Fed Governor Kevin Warsh, speaking Sunday on Fox News, called the renovation costs “outrageous” and said it was more evidence the central bank “has lost its way.” Warsh is considered a strong contender to succeed Powell when the latter’s term as chair expires in May 2026.

This post appeared first on NBC NEWS

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Stock

Is It Time to Lower Our Market Expectations?

Stock 3 Mins Read

I remain very bullish and U.S. stocks have run hard to the upside off the April low with growth stocks leading the way. I expect growth stocks to remain strong throughout the summer months, as they historically do, but we need to recognize that they’ve already seen tremendous upside. Could technology (XLK) names, in particular, use a period of consolidation? Well, if we look at a 5-year weekly chart, the XLK really isn’t that overbought just yet:

The weekly PPO has crossed its centerline and is gaining bullish momentum. The recent price breakout suggests to me that we likely have further to run. And if you look at the weekly RSI, you’ll note that we’ve seen the weekly RSI move well into the 70s and even close to 80 before witnessing a market top or pause. Outside a bit of profit taking, I really don’t see the likelihood of a big selloff here. Keep in mind that the XLK represents 31% of the S&P 500. If the XLK doesn’t slow down, it’s very unlikely that we’ll see any type of meaningful decline in the S&P 500 either.

Growth vs. Value

Growth stocks have historically performed well over the summer months. One way to visualize this is to compare large-cap growth (IWF) to large-cap value (IWD) using a seasonality chart. Check this out:

The average monthly outperformance since 2013 is reflected at the bottom of each month’s column. If you add those numbers for May through August, you get +5.4%. If you add those numbers for the other 8 months combined, you get +0.6%. Clearly, large-cap growth has the tendency to outperform value from May through August. We’re in the growth “sweet spot” right now.

So Should We Lower Our Market Expectations?

I say absolutely not. Yes, we’ve run substantially higher off that April low, but I see more left in the tank. Will we see profit taking from time to time and could we see a period of consolidation? Sure. But I still believe that remaining on the sidelines is a big mistake as plenty of market upside remains. In fact, I see another somewhat forgotten asset class that’s poised to scorch 50% higher or more, possibly over the next 6 months. I’m investing in this area now, as I believe it’s in the early stages of a significant rally, and believe it would be prudent for you to take a look as well. For more information, simply CLICK HERE, provide your name and email address, and I’ll send you a video that explains exactly why I’m favoring this group right now!

Happy trading!

Tom

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Investing

Apollo Silver Enters into Investor Relations Agreement

Investing 2 Mins Read

 

Apollo Silver Corp. (‘ Apollo ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has entered into an investor relations agreement (the ‘Agreement’) with Matthews Investments, to provide investor relations services to the Company, as defined in accordance with the policies of the TSX Venture exchange (‘TSXV’) and applicable securities laws. Matthews Investments will receive consideration of C$7000month, payable monthly in arrears, for an initial term of three months, with the option for the Company to renew on a quarterly basis thereafter.

 

Matthews Investments, a company based in Vancouver, British Columbia, provides IR consulting services for public companies. Founding CEO, Richard Matthews, is an IR expert with more than 15 years of experience and with deep expertise in the mining industry. He has held senior management and board roles at Canadian publicly listed companies and has run highly successful, international IR programs. Neither Matthews Investments nor any of its principals hold, directly or indirectly, any securities of Apollo, however, they have advised that they may participate in a future financing or acquire shares in the open market.

 

The Agreement is subject to the approval of the TSXV.

 

  About Apollo Silver Corp.  

 

Apollo has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.

 

Please visit www.apollosilver.com for further information.

 

  ON BEHALF OF THE BOARD OF DIRECTORS  

 

Ross McElroy
President and CEO

 

  For further information, please contact:  

 

Email: info@apollosilver.com
Telephone: +1 (604) 428-6128

 

  Neither the 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.  

 

   

 

 

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Stallion Uranium Announces the Completion of Coyote Project 3D Gravity Inversion

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Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) (TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0) is pleased to report the results from the 3D inversion of ground gravity data over the Coyote Target, located within the Southwestern Athabasca Basin Joint Venture (‘ JV ‘) Project in partnership with Atha Energy Corp. (‘Atha Energy’) (TSX-V: SASK) .

 

‘The inversion modelling at Coyote has delineated a laterally extensive and coherent gravity low, spatially coincident with a structurally complex corridor exhibiting attributes characteristic of fertile uranium-bearing systems within the Athabasca Basin,’ said Matthew Schwab, CEO of Stallion Uranium Corp. ‘The robustness of the geophysical anomaly, in conjunction with the structural and lithological setting, provides compelling evidence supporting Coyote as a high-priority target for drill testing.’

 

  Highlights:  

 

  • 3D gravity inversion completed and interpreted by leading geophysical experts specializing in the Athabasca Basin

    •  

  • Identified multiple gravity-low anomalies along a major conductive corridor

    •  

  • A prominent, coherent gravity-low feature interpreted as a zone of alteration along an interpreted structural corridor

    •  

  • Strong correlation between the gravity anomalies and conductive breaks identified from the MobileMT survey

    •  

The inversion results highlight a gravity-low anomaly commonly associated with significant uranium mineralization systems in the Athabasca Basin. The modelled anomaly defines the low-density feature’s depth extent, shape, and continuity, further supporting the potential for large-scale uranium alteration at Coyote.

 

‘The 3D gravity inversion provides a powerful validation of the overall prospectivity at Coyote,’ said Darren Slugoski, Vice President, Exploration at Stallion Uranium. ‘The inversion highlights a series of at least five compelling targets within an 8.5 km corridor. We are well-positioned to take the next steps toward discovery with a subsequent ground EM survey (currently being interpreted by Convolutions Geoscience) in addition to a focused and systematic drill program.’

 

The inversion results visualize subsurface density variations, with the anomaly’s geometry and intensity suggesting prolonged fluid movement and alteration; critical vectors toward uranium mineralization. The alignment of the gravity-low with previously defined conductive trends and interpreted structural corridors underscores a compelling geological model. The results validate the exploration strategy at Coyote and refine the prioritization of drill targets based on integrated geophysical and structural frameworks.

 

 

 

   Figure 1    : Results of Ground Gravity Density Inversion at the Unconformity Depth

 

  Background; Regional First Vertical Derivative Magnetics, targets denoted by purple outlines  

 

‘The 3D gravity inversion model at Coyote reveals a well-defined low-density anomaly that is both laterally extensive and vertically continuous,’ said Kyle Patterson, P. Geo., Principal Geophysicist at Convolutions Geoscience, a leading consulting firm specializing in advanced geophysical modelling and geologic integration. ‘This type of geophysical signature is commonly associated with deep-seated structural zones and extensive hydrothermal alteration; both key indicators in targeting basement-hosted uranium deposits in the Athabasca Basin. The spatial correlation with interpreted MobileMT conductors, observed alteration patterns, and interpreted shear zones further support the interpretation that the Coyote project hosts the ideal geological pathfinders for a significant uranium system.’

 

 

 

   Figure 2    : Results of 3D Gravity Inversion

 

  Conductors interpreted from previous MobileMT Survey  

 

  About Kyle Patterson:  

 

Kyle Patterson, P. Geo., is the Chief Geophysicist and founder of Convolutions Geoscience, a geophysical consulting firm specializing in advanced modelling and interpretation techniques for mineral exploration. With over 15 years of experience in the industry and a focus on high-resolution geoscientific data integration in the Athabasca Basin, Kyle has worked extensively with uranium explorers to define and refine targets using gravity, magnetics, and EM inversion modelling. His expertise is in interpreting complex structural and alteration systems, bridging geophysics with geological understanding to drive discovery-focused exploration.

 

  Gravity Data Inversion:  

 

Convolutions Geoscience inverted the ground gravity data, utilizing industry-standard 3D inversion techniques to estimate subsurface density variations from the processed gravity data. The objective was to assist in delineating alteration zones of interest for uranium exploration.

 

Convolutions Geoscience carried out a 3D inversion of the gravity data to create a voxel product of subsurface density anomalies using the industry-standard Fullagar Vertical Prism Magnetic and Gravity (VPmg) codes. The inputs into the inversion were the free air anomaly from the dataset; lake bathymetry data for water depth; digital terrain model (DTM) for the project area, in addition to NASA Shuttle Radar Topography Mission (SRTM) data for surrounding areas; and density constraints for sandstone cover rocks above the unconformity as well as basement rocks below the unconformity. Convolutions created a VPmg gravity inversion using 40m x 40m surface XY blocks and Z blocks of 10m at the surface, increasing by 5% at depth. The total model block depth exceeds 10km.

 

  Qualifying Statement:  

 

The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.

 

Kyle Patterson, P.Geo., President of Convolutions Geoscience, has reviewed the foregoing scientific and technical disclosures for Convolutions Geoscience Corporation. Kyle is a registered member of the Professional Engineers and Geoscientists of Saskatchewan and the Engineers and Geoscientists of British Columbia.

 

  About Stallion Uranium Corp.:  

 

 Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

 

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

 

  On Behalf of the Board of Stallion Uranium Corp.:  

 

Matthew Schwab
CEO and Director

 

  Corporate Office:  
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

 

T: 604-551-2360
info@stallionuranium.com  

 

  Neither the 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.  

 

  This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.  

 

  Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

 

Photos accompanying this announcement are available at:

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/f216b8e9-3d02-444b-855b-60f0a334a288  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/78072d01-85ae-495d-b249-38a69824b43a  

 

   

 

 

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