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Crypto Market Recap: Big US Banks Mull Crypto Again, GameStop Buys US$513M in Bitcoin

Investing 5 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (May 28) as of 9:00 a.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$109,657 as markets opened, down 0.5 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$108,568 and a high of US$110,407.

Bitcoin performance, May 28, 2025.

Chart via TradingView

Ethereum (ETH) finished the trading day at US$2,634.94, a 1.1 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,625.56 and saw a daily high of US$2,700.22.

Altcoin price update

  • Solana (SOL) closed at US$175.71, down 1.1 percent over 24 hours. SOL experienced a low of US$173.44 in the final minutes of trading and reached a high of US$178.90.
  • XRP is trading at US$2.31, reflecting a 0.4 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.29 and a high of US$2.35.
  • Sui (SUI) peaked at US$3.51, showing an increaseof 2.3 percent over the past 24 hours. Its lowest valuation on Monday was US$3.62.
  • Cardano (ADA) is trading at US$0.7549, down 1.2 percent over the past 24 hours. Its lowest price of the day was US$0.748, and it reached a high of US$0.7725.

Today’s crypto news to know

US banks inch toward crypto as regulatory tone softens

America’s biggest banks are cautiously exploring ways to enter the crypto market, buoyed by recent regulatory signals that suggest a friendlier environment under President Trump’s administration.

JPMorgan Chase, Bank of America, and Morgan Stanley are among the institutions reportedly holding internal discussions about launching pilot programs and limited crypto services, though they remain wary of regulatory whiplash.

Jamie Dimon of JPMorgan has maintained his skepticism, flatly ruling out custody services for now, citing concerns over systemic risks, criminal activity, and excessive leverage in crypto markets.

‘When I look at the bitcoin universe, the leverage in the system, the misuse in the system, the money laundering issues, trafficking, I’m not a fan of it,’ Dimon said last week.

Still, banks are warming to the idea of partnerships with crypto-native firms and could pivot quickly if one of their peers moves first without facing backlash. Regulatory bodies like the SEC and OCC have begun pulling back earlier restrictions, which is prompting more institutions to test the waters, particularly in stablecoins and crypto trading.

Executives emphasize they’re looking for clear, coordinated guidelines—especially on anti-money laundering and compliance—before expanding significantly.

GameStop bets big on Bitcoin with US$513M purchase

GameStop (NYSE:GME) has made a bold pivot by purchasing US$513 million worth of bitcoin, signaling a strategic shift to align with digital asset trends as its core video game retail business continues to falter.

The company revealed the acquisition of 4,710 BTC in a regulatory filing but did not specify when the purchases occurred.

The move mirrors the playbook of Strategy (NASDAQ:MSTR), whose own bitcoin-focused strategy has drawn institutional investors and boosted share performance.

For GameStop, which became a meme-stock phenomenon in 2021, the bitcoin buy could rekindle investor enthusiasm while positioning the firm as a pseudo–crypto stock proxy. Shares jumped over 4 percent in pre-market trading after the announcement, as bitcoin traded just above US$108,900.

While this marks GameStop’s first major foray into crypto, it could signal more aggressive digital asset integration ahead, possibly involving Web3 ventures or blockchain-based loyalty programs.

SEC begins formal review of WisdomTree’s XRP ETF proposal

The US Securities and Exchange Commission has initiated its official review of a proposed XRP spot ETF submitted by WisdomTree, marking a pivotal moment for the controversial crypto asset.

Filed through the Cboe BZX Exchange, the WisdomTree XRP Fund aims to provide exposure to XRP’s spot price without the need for digital wallets or private keys.

If approved, it would become one of the first ETFs to track XRP directly—an asset long embroiled in legal challenges with the SEC. The regulator has opened the proposal for public comment and will evaluate whether the fund adequately protects investors from fraud and manipulation.

The review falls under Section 19(b)(2)(B) of the Exchange Act, kicking off a formal decision-making timeline that could stretch over several months.

XRP proponents argue that an ETF could legitimize the asset in institutional portfolios, while critics question its regulatory stability. The SEC’s final decision could set precedent for other altcoin-based ETFs waiting in the wings.

Binance hits 275 million users, igniting bullish sentiment across markets

Binance has reached 275 million registered users, a milestone that cements its status as the dominant global crypto exchange and reflects rising mainstream adoption of digital assets.

CEO Richard Teng’s May 28 announcement of the achievement sparked a 4.2 percent jump in Binance Coin (BNB), which rose to US$646.55 within an hour.

Trading volume for BNB/USDT surged 18 percent, and BNB/BTC rose 12 percent, indicating strong trader momentum around the platform’s native token.

The announcement also correlated with broader gains in crypto-related equities like Coinbase, and a 0.8 percent uptick in the Nasdaq, suggesting increasing alignment between digital asset markets and traditional finance.

On-chain data from Glassnode shows a concurrent 7 percent rise in new Bitcoin wallet activity, potentially driven by Binance’s growing user base.

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

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

This post appeared first on investingnews.com

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Business

Walmart fined for shipping realistic toy guns to New York, violating state law

Business 3 Mins Read

Walmart agreed to pay a small fine and promised to ensure its third-party resellers are unable to sell realistic looking toy guns to buyers in New York, after state Attorney General Letitia James said Tuesday that the retail giant’s online store shipped them to the state.

The settlement comes nearly a decade after Walmart, Amazon, Sears and other retailers entered into a consent order and judgment with New York’s previous attorney general, in which they agreed to keep toy guns that resemble actual deadly weapons off their shelves statewide and they paid civil penalties that topped $300,000.

The 2015 order was part of a nationwide reckoning over realistic looking toy guns in the wake of the fatal shooting of Tamir Rice, a 12 year-old Cleveland boy who was killed by police in November 2014 while holding a pellet gun.

The New York law bans retailers from selling or shipping toy guns of certain colors — black, dark blue, silver, or aluminum — that look like real weapons.

A realistic-looking toy gun Walmart shipped to New York.New York Attorney General’s Office

Toy guns sold in the state must be “made in bright colors or made entirely of transparent or translucent materials,” with businesses subject to a fine of $1,000 per violation, according to James’ office.

James said on Tuesday that an investigation by her office found that Walmart’s online store had shipped at least nine realistic-looking toy guns sold by third-party sellers to New York City, Westchester County and Western New York.

But the investigation also found that between March 2020 and November 2023, at least 46 imitation weapons that violate New York state law were purchased by consumers in the state through the Walmart.com platform, the settlement revealed.

“Realistic-looking toy guns can put communities in serious danger and that is why they are banned in New York,” James said in a statement.

“Walmart failed to prevent its third-party sellers from selling realistic-looking toy guns to New York addresses, violating our laws and putting people at risk,” she said.

“The ban on realistic-looking toy guns is meant to keep New Yorkers safe and my office will not hesitate to hold any business that violates that law accountable.”

Walmart must pay $14,000 in penalties and $2,000 in fees under the settlement, the AG’s office said.

That total of $16,000 is a tiny fraction of the approximately $49 million in net income Walmart earned on an average day in the most recent financial quarter.

CNBC has requested comment from Walmart, which neither admitted nor denied the findings by James’ office in its investigation.

As part of the settlement, Walmart is required to prohibit third parties from offering for sale or selling any of the imitation guns covered by the state law to buyers in New York.

“Walmart shall terminate the ability of a third party from being able to list and sell toy guns and imitation weapons on Walmart.com when it has determined that a third party has engaged in conduct” that violates that restriction on three separate occasions, the settlement said.

And “Walmart shall implement and maintain policies and procedures reasonably designed to prevent such third parties from offering for sale, exposing for sale, or selling Prohibited Items on Walmart.com for importation, holding for sale, or distribution to New York,” the settlement says.

This post appeared first on NBC NEWS

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23andMe to delist from Nasdaq, deregister with SEC

Business 2 Mins Read

23andMe on Tuesday announced it will voluntarily delist from the Nasdaq and de-register with the U.S. Securities and Exchange Commission, according to a release.

The move comes after Regeneron Pharmaceuticals said earlier this month that it will acquire “substantially all” of 23andMe’s assets for $256 million.

The drugmaker came out on top following a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for Chapter 11 bankruptcy protection in March.

23andMe said it will file a Form 25 Notification of Delisting with the SEC on or around June 6, which would subsequently remove the stock from listing and registering with the Nasdaq.

The company said the Nasdaq had originally informed the company that a Form 25 would be filed in March, but since the exchange has not yet submitted the filing, 23andMe is doing so voluntarily.

23andMe exploded into the mainstream because of its at-home DNA testing kits that allowed customers to examine their genetic profiles. At its peak, the company was valued at around $6 billion.

But after going public via a merger with a special purpose acquisition company in 2021, the company struggled to generate recurring revenue and stand up viable research or therapeutics businesses.

Regeneron’s deal is still subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri. Pending approval, it’s expected to close in the third quarter of this year.

This post appeared first on NBC NEWS

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Cardiol Therapeutics to Webcast Virtual Annual General Meeting of Shareholders on May 28th at 4:30 p.m. EDT

Investing 5 Mins Read

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) (‘Cardiol’ or the ‘Company’), a clinical-stage life sciences company focused on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, announces that the Company’s virtual Annual General Meeting of Shareholders (the ‘AGM’) will be webcast on May 28, 2025, at 4:30 p.m. EDT.

Cardiol Therapeutics’ 2025 AGM

When: May 28, 2025, at 4:30 p.m. EDT
Where: Virtual meeting only via live audio webcast online at: web.lumiagm.com/226536161

Additional information about the AGM, including details on how to participate and vote, is available on the Company’s website at cardiolrx.com/investors/events-presentations/.

About Cardiol Therapeutics

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) is a clinical-stage life sciences company focused on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. The Company’s lead small molecule drug candidate, CardiolRx (cannabidiol) oral solution, is pharmaceutically manufactured and in clinical development for use in the treatment of heart disease. It is recognized that cannabidiol inhibits activation of the inflammasome pathway, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with myocarditis, pericarditis, and heart failure.

Cardiol has received Investigational New Drug Application authorization from the United States Food and Drug Administration (‘US FDA’) to conduct clinical studies to evaluate the efficacy and safety of CardiolRx in two diseases affecting the heart: recurrent pericarditis and acute myocarditis. The MAVERIC Program in recurrent pericarditis, an inflammatory disease of the pericardium which is associated with symptoms including debilitating chest pain, shortness of breath, and fatigue, and results in physical limitations, reduced quality of life, emergency department visits, and hospitalizations, comprises the completed Phase II MAvERIC-Pilot study (NCT05494788) and the ongoing Phase III MAVERIC trial (NCT06708299). The ongoing ARCHER trial (NCT05180240) is a Phase II study in acute myocarditis, an important cause of acute and fulminant heart failure in young adults and a leading cause of sudden cardiac death in people less than 35 years of age. The US FDA has granted Orphan Drug Designation to CardiolRx for the treatment of pericarditis, which includes recurrent pericarditis.

Cardiol is also developing CRD-38, a novel subcutaneously administered drug formulation intended for use in heart failure – a leading cause of death and hospitalization in the developed world, with associated healthcare costs in the United States exceeding $30 billion annually.

For more information about Cardiol Therapeutics, please visit cardiolrx.com.

Cautionary statement regarding forward-looking information:

This news release contains ‘forward-looking information’ within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Cardiol believes, expects, or anticipates will, may, could, or might occur in the future are ‘forward-looking information’. Forward looking information contained herein may include, but is not limited to statements regarding the Company’s focus on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, the Company’s intended clinical studies and trial activities and timelines associated with such activities, including the Company’s plan to complete the Phase III study in recurrent pericarditis with CardiolRx, and the Company’s plan to advance the development of CRD-38, a novel subcutaneous formulation of cannabidiol intended for use in heart failure. Forward-looking information contained herein reflects the current expectations or beliefs of Cardiol based on information currently available to it and is based on certain assumptions and is also subject to a variety of known and unknown risks and uncertainties and other factors that could cause the actual events or results to differ materially from any future results, performance or achievements expressed or implied by the forward looking information, and are not (and should not be considered to be) guarantees of future performance. These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company’s Annual Information Form filed with the Canadian securities administrators and U.S. Securities and Exchange Commission on March 31, 2025, available on SEDAR+ at sedarplus.ca and EDGAR at sec.gov, as well as the risks and uncertainties associated with product commercialization and clinical studies. These assumptions, risks, uncertainties, and other factors should be considered carefully, and investors should not place undue reliance on the forward-looking information, and such information may not be appropriate for other purposes. Any forward-looking information speaks only as of the date of this press release and, except as may be required by applicable securities laws, Cardiol disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events, or results, or otherwise. Investors are cautioned not to rely on these forward-looking statements and are encouraged to read the Supplement, the accompanying Base Prospectus and the documents incorporated by reference therein.

For further information, please contact:
Trevor Burns, Investor Relations +1-289-910-0855
trevor.burns@cardiolrx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253470

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Bitcoin Well Announces Nostr Integration; Including Bitcoin Purchases Via Direct Message

Investing 5 Mins Read

(TheNewswire)

Edmonton, Alberta May 27, 2025 TheNewswire – Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a first-of-its-kind Nostr integration to allow Bitcoin Well customers in the USA to purchase bitcoin directly from their Nostr profile.

Key points:

How it Works:

  • The purchase uses the customers Cash Balance, and bitcoin is sent to an existing Lightning Wallet for security.

Why it Matters:

  • It aligns with the company’s mission to simplify self-custody bitcoin purchases.

Nostr’s Role:

    Impact:

      This move continues to position Bitcoin Well as a leader in freedom technologies by making bitcoin in self custody the standard. For detailed information keep reading, or visit https://bitcoinwell.com/blog/buy-bitcoin-with-nostr

      Why does this matter?

      Social media, specifically Nostr, is one of the most impactful technologies of our generation. Our lives, our communities and our personalities have transitioned to the digital realm. Bitcoin Well has now enabled everyone in the USA to buy bitcoin safely, directly from their Nostr account.

      In doing this, Bitcoin Well has become the easiest place to buy bitcoin! With a simple message, our customers in the USA can now purchase bitcoin in a matter of seconds; without logging in to their Bitcoin Well account.

      ‘This is a great achievement for our team!’ said Adam O’Brien, founder and CEO of Bitcoin Well. ‘We are deeply committed to make buying bitcoin directly to self custody better than using a custodial exchange. This is a huge step in the right direction. We are meeting bitcoiners where they are and allowing them to buy bitcoin safely.’

      How does it work?

      Once a customer links their npub (the social network identifier used by the Nostr protocol) to their Bitcoin Well account from their profile page , they can DM the Bitcoin Well Nostr profile with the command words to purchase bitcoin. The command words are:

      • /buy $21.00 (or any dollar amount)

      • /stack 69,000 sats (or any amount of sats)

      After a simple ‘/confirm’ response, the customer’s Cash Balance in their Bitcoin Well account will be used to buy bitcoin, and the bitcoin will be sent to their predetermined payment address over the Lightning Network.

      To maintain security, bitcoin can only be sent to a Lightning Wallet which has already been added to their Bitcoin Well account.

      What is Nostr?

      Nostr is a decentralized social media protocol which is censorship resistant and runs on a network of relays, rather than centralized servers. This means that the users of the platform control the posts (known as ‘notes’) rather than the owner of the social media platform. This is particularly impactful for the Company because it means we have full control over our message servers; which hasn’t been the case in the past.

      Historically, our messaging platforms have prohibited us from creating a ‘text to buy’ type of service. Even our payment providers have been limited in the past. With the addition of the Nostr protocol we can be certain that this level of censorship will not impact us, or our customer’s ability to buy bitcoin. Furthermore, there is an added layer of protection for the customer’s privacy.

      About Bitcoin Well

      Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

      Join our investor community and follow us on Nostr , , and to keep up to date with our business.

      Bitcoin Well contact information

      To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

      For additional investor & media information, please contact:

      Adam O’Brien

      Tel: 1 888 711 3866

      ir@bitcoinwell.com

      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 .

      Forward-looking information

      Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

      Copyright (c) 2025 TheNewswire – All rights reserved.

      News Provided by TheNewsWire via QuoteMedia

      This post appeared first on investingnews.com

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      Blue Sky Uranium: Argentina’s Emerging Uranium Resource Developer

      Investing 2 Mins Read

      Blue Sky Uranium (TSXV:BSK,OTC:BKUCF)provides investors with a compelling opportunity to gain exposure to the uranium market through its strategic foothold in Argentina’s emerging uranium sector. Backed by a substantial resource base, robust project economics, and a strong joint venture partnership, the company has a clear pathway to potential production.

      Blue Sky Uranium is positioning itself as a leading force in uranium exploration and development in Argentina. As part of the renowned Grosso Group—pioneers in Argentine mineral exploration since 1993 and contributors to four major mineral discoveries—Blue Sky leverages decades of in-country expertise and well-established local partnerships.

      The company’s flagship Amarillo Grande Project is a unique, company-led discovery marking Argentina’s newest uranium-vanadium district. Spanning over 145 kilometers and covering more than 300,000 hectares in Rio Negro Province, this district-scale project hosts the largest NI 43-101-compliant uranium resource in Argentina at its Ivana deposit. With this strategic asset, Blue Sky is well-positioned to become the country’s first domestic uranium supplier, supporting a growing nuclear energy program that currently relies entirely on imported fuel.

      Company Highlights

      • Significant Uranium Resource: Controls the largest NI 43-101 compliant uranium resource in Argentina with 17 Mlbs U3O8 in indicated resources and 3.8 Mlbs in inferred resources, plus valuable vanadium credits.
      • Low-cost Production Potential: Near-surface mineralization with no blasting required, hosted in loosely consolidated sediments, making for potentially low mining costs.
      • Strategic JV Partnership: Secured an earn-in agreement with COAM to advance the Ivana deposit with no funding required by Blue Sky through development. COAM will spend up to US$35 million to earn up to a 49.9 percent interest, and can further earn up to 80 percent by funding development costs to production (up to US$160 million).
      • Strong Uranium Market Fundamentals: Global uranium market faces supply deficits with increasing demand from nuclear power generation, with prices strengthening significantly since 2023.
      • Domestic Market Opportunity: Argentina has three operational nuclear plants with others under construction or planned, yet imports all uranium for fuel. National legislation guarantees purchase of domestically produced uranium.
      • ISR Project Pipeline: New projects in the Neuquen Basin provide future growth through potential in-situ recovery operations, a method that produces 57 percent of the world’s uranium with minimal environmental impact.

      This Blue Sky Uranium profile is part of a paid investor education campaign.*

      Click here to connect with Blue Sky Uranium (TSXV:BSK) to receive an Investor Presentation

      This post appeared first on investingnews.com

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      SAGA Metals Announces First Tranche Closing

      Investing 8 Mins Read

      NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

      Saga Metals Corp. (the ‘Company’ or ‘SAGA’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce that it has closed a first tranche (the ‘ First Tranche ‘) of its non-brokered private placement announced on May 2, 2025 (the ‘ Offering ‘) for gross proceeds of $1,239,700.10. The Company has also received a 30-day extension to close the Offering from the TSX Venture Exchange, and accordingly expects to close the final tranche of the Offering on or before June 25, 2025.

      On closing of the First Tranche, the Company received gross proceeds of $444,200.10 from the issuance of 1,480,667 flow-through units at a price of $0.30 per unit (‘ FT Units ‘) and $795,500 from the issuance of 3,182,000 hard dollar units at a price of $0.25 per unit (‘ HD Units ‘).

      Each FT Unit consists of one flow-through common share (a ‘ FT Share ‘) as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘), and one transferable common share purchase warrant (a ‘ Warrant ‘). Each Warrant will entitle its holder to purchase one common share in the capital of the Company (a ‘ Warrant Share ‘) at a price of $0.50 for 24 months from the closing date of the Offering (the ‘ Closing Date ‘). The Warrants and the Warrant Shares underlying the FT Units will not qualify as ‘flow-through shares’ under the Tax Act.

      Each HD Unit consists of one common share (a ‘ HD Share ‘) and one Warrant.

      All securities issued in connection with the First Tranche are subject to a hold period of four months and one day following the Closing Date pursuant to applicable securities laws.

      In connection with the First Tranche, the Company paid an aggregate of $31,710.01 in finder’s fees and issued 108,616 finder’s warrants (each, a ‘ Finder’s Warrant ‘) to certain finders. Each Finder’s Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.50 per share for a period of 24 months from its date of issue.

      Each of the Warrants and Finder’s Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants and Finder’s Warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after the Closing Date, the closing price of the Company’s common shares equals or exceeds $0.75 for a period of ten consecutive trading days on the TSX Venture Exchange.

      The gross proceeds from the FT Units will be used by the Company for ‘Canadian exploration expenses’ that are ‘flow-through critical mineral mining expenditures’ (as such terms are defined in the Tax Act) on the Company’s Labrador, Canada properties. The net proceeds of the HD Units will be used by the Company for administrative and general working capital.

      Certain insiders of SAGA participated in the First Tranche, acquiring an aggregate of 442,000 HD Units for aggregate gross proceeds of $110,500. Participation of such insiders in the Offering constitutes a ‘related party transaction’ as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘) and is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to the insiders nor the consideration paid by the insiders exceeded 25% of SAGA’s market capitalization.

      The securities of SAGA have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and may not be offered or sold, within the United States, unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available.

      No securities regulatory authority has reviewed or approved of the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.

      About Saga Metals Corp.

      Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

      In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

      SAGA also holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

      On Behalf of the Board of Directors

      Mike Stier, Chief Executive Officer

      For more information, contact:
      Saga Metals Corp.
      Investor Relations
      Tel: +1 (778) 930-1321
      Email: info@sagametals.com
      www.sagametals.com

      The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service 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 Disclaimer

      This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives in respect of the terms and conditions of the Offering, the gross proceeds of the Offering, the use of proceeds from the Offering, and the anticipated closing dates of additional tranches of the Offering and the Offering. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the structure of the Offering, the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable securities law.

      News Provided by GlobeNewswire via QuoteMedia

      This post appeared first on investingnews.com

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      Spearmint Proposes Share Consolidation

      Investing 3 Mins Read

      Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the ‘Company’ or ‘Spearmint’) announces that it intends to complete a consolidation of its issued and outstanding common shares (the ‘Shares’) on the basis of one new Share (a ‘Post-consolidated Share’) for every ten currently outstanding Shares (the ‘Consolidation’). The Company also announces it intends to change its name and its trading symbol in connection with the proposed Consolidation.

      Completion of the Consolidation, name change and symbol change are subject to approval by the Canadian Securities Exchange (the ‘CSE‘). The effective date of the Consolidation, name change and symbol change will be announced in a subsequent news release.

      It is anticipated that the Consolidation will reduce the number of outstanding Shares from 287,828,583 Shares to approximately 28,782,858 Post-consolidated Shares, subject to adjustment for rounding. The Board of Directors of the Company believes that the consolidation of the Shares will both enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company’s business plan.

      No fractional Post-consolidated Shares will be issued as a result of the Consolidation. As required under the Business Corporations Act (BC), any fractional Shares remaining after the Consolidation that are less than one half of a Share will be cancelled and any fractional Shares that are at least one half of a Share will be rounded up to one whole Share.

      The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.

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

      Contact Information
      Tel: 1604646-6903
      www.spearmintresources.ca

      info@spearmintresources.ca

      ‘James Nelson’
      President
      Spearmint Resources Inc.

      Forward-Looking Statements

      This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this press release include that the Company intends to consolidate its share capital. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not obtain approval for the Consolidation from the CSE. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

      To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253436

      News Provided by Newsfile via QuoteMedia

      This post appeared first on investingnews.com

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      Automate Your Scans with Ease! Sample Scan Library + Scheduled Scans Walkthrough

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      In this insightful overview, Grayson dives into StockCharts’ powerful scanning capabilities. He shows you how to navigate the markets quickly with the sample scan library, and automate your stock screening with the scheduled scans feature.

      This video originally premiered on May 23, 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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      3 Stocks to Watch While Everyone’s Staring at NVIDIA

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      This week, while everyone else is focused on NVIDIA Corp. (NVDA), we will focus our attention on stocks with earnings that may get overlooked.

      We’re watching a different group of stocks heading into earnings: Okta, Inc. (OKTA), AutoZone, Inc. (AZO), and Salesforce.com, Inc. (CRM). OKTA and AZO are making new highs as they head into their earnings call, while CRM is struggling.

      Let’s break down the best risk/reward set-ups as we kick off the week.

      Okta, Inc. (OKTA): Volatility Now, Potential Later

      Okta’s stock price broke out to new 52-week highs a week before it posts its quarterly numbers. The cybersecurity company has experienced extreme volatility after posting earnings. In the last three quarters, the stock saw some pretty big swings—up 24.3%, up 5.4%, and down 17.6%. Its average price change post-earnings is +/-10.2%.

      Technically, I love this setup. Let’s look at a five-year daily chart.

      Shares have broken out ahead of earnings and have a lot to reverse. If we see weakness after results, there are several support areas where we would want to enter the stock with favorable risk/reward. The first strong support area is between $115/$118, an old resistance level that the stock just eclipsed. Old resistance could act as new support and provide an opportunity.

      Outside of recent weakness due to “Liberation Day,” OKTA’s stock price has outperformed its peers and held key moving averages. Use levels just below the 50-day moving average around $110 as a near-term stop if $115 doesn’t hold.

      To the upside, there is much to reverse and targets of $150 to $160 are attainable. If you’re a longer-term investor, the downtrend is broken and the bulls are back in charge.

      AutoZone, Inc. (AZO): Riding Steady 

      The retail leader in automotive replacement parts and accessories, AutoZone, Inc. (AZO), continues to rise, slowly and steadily, despite market volatility. The stock price is up 20% year-to-date, and we hope to add to those gains when they report on Tuesday morning.

      One thing that has helped AZO’s continued growth is that the average car is roughly 12 years old. Consumers are investing more in maintenance and repairs instead of purchasing new vehicles. And with tariffs, buying a new car becomes more expensive, which benefits the car repair and maintenance business.

      Let’s look at that long-term uptrend on a weekly chart going back five years.

      The stock is a juggernaut. It has ridden the 50-week moving average consistently since Covid. It is in a beautiful uptrend and made new highs again just last week.

      While the trend itself appears a tad extended above its averages, any trip back towards its recent uptrend line gives investors a strong entry point, with downside risk towards its 50-week moving average.

      It’s also the best in class when compared to its top competitors, such as O’Reilly Automotive (ORLY) and Advanced Auto Parts (AAP). When looking at strong uptrends in a challenging environment, it’s best to find the best in class, and AZO continues to be just that. The trend continues to be the investor’s best friend.

      Salesforce (CRM) Hits a Crossroads

      A year ago, Salesforce (CRM) shocked investors with a revenue miss for the first time since 2006. This resulted in the stock price dropping 20% (red box in the chart below). It marked the stock’s low point, as it rallied as much as 74% over the next seven months. It now sits in the middle of a wide year-long range and is poised to move again.

      Which way will it go? To examine that question, let’s look at the daily chart of CRM.

      Technically, shares are at a crossroads. Shares dropped 37% from their December peak after forming a double top. It just broke its near-term downtrend from its post-Liberation Day lows, experiencing a 28% rally, but paused right at its 200-day moving average.

      Momentum appears to be negative. The Moving Average Convergence/Divergence (MACD) has formed a bearish crossover, and shares failed to eclipse the 200-day. Shares are down -18% for 2025, underperforming the tech sector and the S&P 500. CRM sold off late Friday, hitting its 50-day moving average, on news that it’s in talks to acquire Informatica.

      If you’re thinking of buying CRM, you may want to hold your horses. Watch the 50-day moving average around $270 to see if it can hold. On strength, look for confirmation and a close above the $295 level for an all clear that momentum has finally shifted in favor of the bulls.

      Final Thoughts

      OKTA, AZO, and CRM are thoughtful plays based on technical trends and real-world fundamentals. OKTA and AZO could have favorable risk/reward setups. As for CRM, add it to your ChartLists and monitor it regularly.

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