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RUA GOLD Announces the Grant of Deferred Share Units

Investing 2 Mins Read

RUA GOLD Inc. (TSXV: RUA, OTCQB: NZAUF, WKN: A40QYC) (‘RUA GOLD’ or the ‘Company’) announces the grant of 145,417 deferred share units (‘DSUs’) to non-executive directors of the Company at a deemed price of $0.68 per DSU, in accordance with the Company’s DSU Plan dated July 24, 2024. The DSUs are subject to a one-year vesting. Each DSU entitles the holder to receive one Common Share at the time the holder ceases to be a director of the Company.

About RUA GOLD

RUA GOLDis an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company’s Glamorgan Project solidifies RUA GOLD’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.

RUA GOLD Contact

Robert Eckford

Chief Executive Officer

Tel: +1 604 655 7354

Email: reckford@RUAGOLD.com

Website: www.RUAGOLD.com

Neither TSX Venture Exchange nor its Regulations 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.

Source

Click here to connect with RUA GOLD Inc. (TSXV: RUA, OTCQB: NZAUF, WKN: A40QYC) to receive an Investor Presentation

This post appeared first on investingnews.com

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Business

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Business 2 Mins Read

Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.

Shares of Home Depot were roughly flat in early trading Monday. GMS shares jumped more than 11%.

As part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $110 per share, which adds up to about $4.3 billion and amounts to total enterprise value including net debt of about $5.5 billion, the company said.

Home Depot said it expects the acquisition to be completed by early 2026.

Home Depot’s announcement also concludes a potential bidding war between the big-box retailer and billionaire Brad Jacobs. Jacobs’ building-products distributor QXO had offered about $5 billion in cash to acquire GMS and said it would press forward with a hostile takeover if the company’s management rejected the proposal.

As Home Depot chases growth, it’s gone after a steadier and more lucrative piece of the home improvement business: electricians, roofers, home renovators and other professionals who tackle large projects year-round and need a lot of supplies. Home Depot said it’s speeding along that strategy with the GMS deal.

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest acquisition in its history. Texas-based SRS sells supplies to professionals in the landscaping, roofing and pool businesses and it has bought up many other smaller suppliers as it’s grown.

Home Depot’s focus on selling to professionals is well-timed. Sales from do-it-yourself customers have slowed as higher mortgage rates have decreased housing turnover and dampened homeowners’ demand for larger projects because of higher borrowing costs.

The company said it expects total sales to grow by 2.8% for the full fiscal year and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.

This post appeared first on NBC NEWS

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Business

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Business 2 Mins Read

Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.

Shares of Home Depot were roughly flat in early trading Monday. GMS shares jumped more than 11%.

As part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $110 per share, which adds up to about $4.3 billion and amounts to total enterprise value including net debt of about $5.5 billion, the company said.

Home Depot said it expects the acquisition to be completed by early 2026.

Home Depot’s announcement also concludes a potential bidding war between the big-box retailer and billionaire Brad Jacobs. Jacobs’ building-products distributor QXO had offered about $5 billion in cash to acquire GMS and said it would press forward with a hostile takeover if the company’s management rejected the proposal.

As Home Depot chases growth, it’s gone after a steadier and more lucrative piece of the home improvement business: electricians, roofers, home renovators and other professionals who tackle large projects year-round and need a lot of supplies. Home Depot said it’s speeding along that strategy with the GMS deal.

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest acquisition in its history. Texas-based SRS sells supplies to professionals in the landscaping, roofing and pool businesses and it has bought up many other smaller suppliers as it’s grown.

Home Depot’s focus on selling to professionals is well-timed. Sales from do-it-yourself customers have slowed as higher mortgage rates have decreased housing turnover and dampened homeowners’ demand for larger projects because of higher borrowing costs.

The company said it expects total sales to grow by 2.8% for the full fiscal year and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.

This post appeared first on NBC NEWS

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Business

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Business 2 Mins Read

Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giant′s first commercial commitment to fusion.

The company unveiled plans to buy 200 megawatts of clean fusion power from what CFS describes as the world’s first grid-scale fusion power plant, known as ARC, based in Chesterfield County, Virginia.

ARC is expected to come online and generate 400 megawatts of clean, zero-carbon power in the early 2030s, which is enough energy to power large industrial sites or roughly 150,000 homes, according to CFS. The agreement also gives Google the option to purchase power from additional ARC plants.

Google, which has invested in CFS since 2021, said it also increased its stake in the Devens, Massachusetts-based company.

Google and CFS did not disclose the financial terms.

“We’re excited to make this longer-term bet on a technology with transformative potential to meet the world’s energy demand, and support CFS in their effort to reach their scientific and engineering milestones needed to get there,” Michael Terrell, head of advanced energy at Google, said in a statement.

Fusion is a process that takes light atomic nuclei and heats them to over 100 million degrees Celsius. At these temperatures, the fuel becomes a plasma, which eventually causes the nuclei to fuse and release significant amounts of energy. The energy is then captured to create carbon-free electricity.

CFS is one of many firms racing to achieve commercial-scale fusion energy and Google has invested in others. Earlier this month, Google announced continued funding for TAE Technologies, a California-based fusion energy company.

This post appeared first on NBC NEWS

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

Business 2 Mins Read

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

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

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

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

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

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

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

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

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

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

This post appeared first on NBC NEWS

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Nuvau Announces Voting Results of Its Annual and Special Meeting of Shareholders and Announces the Appointment of Steven Bowles as Chair of the Board

Investing 5 Mins Read

 Nuvau Minerals Inc. (TSXV: NMC) (the ‘Company’ or ‘Nuvau’) is pleased to announce the results of its annual and special meeting of shareholders of the Company (the ‘Meeting’) held on June 26, 2025.

A total of 18,122,588 common shares of the Company (‘Common Shares‘) were represented, in person or by proxy, at the Meeting, representing approximately 35.5% of the total issued and outstanding common shares as of the record date of the Meeting.

All matters presented for shareholder approval at the Meeting were overwhelmingly approved as follows:

  • Peter van Alphen, Ewan Downie, Fariah Mir, Christina McCarthy, Michael Vitton and Steven Bowles were each re-elected as directors of the Company for the ensuing year;
  • Ernst & Young LLP was re-appointed as auditor of the Company for the ensuing year and the directors of the Company have been authorized to fix their remuneration; and
  • the Company’s omnibus equity incentive plan was re-approved by shareholders in accordance with the policies of the TSX Venture Exchange (the ‘Omnibus Plan‘).

The Omnibus Plan was last adopted by shareholders of the Company on August 29, 2024. The Omnibus Plan is a fixed 10% plan and provides for the grant of options, restricted share units, performance share units and deferred share units. The aggregate maximum number of Common Shares reserved for issuance pursuant to the Omnibus Plan is 5,109,999 Common Shares (less any Common Shares reserved for issuance under outstanding awards and under other security-based compensation arrangements of the Company). The Omnibus Plan has received conditional acceptance from the TSX Venture Exchange.

In addition, and further to the Company’s commitment to growing its business within Quebec, the Company is pleased to announce the appointment of Quebec based Steven Bowles as Chair of the board of the directors of the Company effective as of June 27, 2025. Steven Bowles has extensive experience in the Mining & Metals sector, encompassing private equity, private credit, M&A, and projects/operations management. He currently serves as Managing Director at Nebari Partners. Prior to this role, he held the position of Senior Director of investment in natural resources and energy within Investment Quebec’s private equity group.

For more details regarding the matters presented at the Meeting, please refer to the management information circular dated May 26, 2025, which is accessible on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile and on the Company’s website at www.nuvauminerals.com.

About Nuvau Minerals Inc.

Nuvau is a Canadian mining company focused on the Abitibi Region of Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

For more information go to our website www.nuvauminerals.com.

For further information please contact:

Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the Company’s ability to complete the earn-in to acquire the Matagami Property; the Matagami Property holding multiple mineral deposits; and the significance of existing infrastructure at the Matagami Property.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257278

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Terra Clean Energy

Investing 6 Mins Read

Investor Insight

With a clear, discovery-focused strategy, Terra Clean Energy is advancing one of the most unique near-surface uranium opportunities in the Athabasca Basin, targeting rapid resource growth and re-rating potential through continuous exploration, aggressive drilling, and disciplined capital deployment.

Overview

Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FSE:C9O0) is unlocking value from its wholly owned South Falcon East project, located in the southeastern Athabasca Basin in Saskatchewan, Canada. The project uniquely positions Terra among uranium juniors due to its shallow mineralization and proximity to world-class infrastructure.

With a historical uranium resource of nearly 7 million lbs (Mlbs) U₃O₈ at Fraser Lakes Zone B, and multiple zones of confirmed mineralization and structural alteration, Terra is targeting an updated NI 43-101 resource in 2025, aiming to significantly grow its asset base. The project’s location along the Way Lake Conductor – a folded, fertile corridor – offers blue-sky potential for additional discoveries.

As global demand for uranium surges due to energy security concerns and the electrification boom (AI, EVs, nuclear baseload), Terra offers investors a rare combination of historical resource foundation, shallow mineralization, and transformational growth potential at a micro-cap valuation.

Company Highlights

  • Unique, Shallow Uranium System: Only micro-cap in the Athabasca Basin advancing a near-surface uranium deposit, with significantly reduced exploration and potential development costs.
  • Pounds-in-the-ground Upside: Historical resource of 6.96 Mlbs U₃O₈ and 5.34 Mlbs ThO₂, with considerable expansion potential from historical and recent drilling.
  • Prime Location: Situated 55 km east of the Key Lake Mill within the prolific Athabasca Basin – home to the world’s highest-grade uranium deposits.
  • Strong Technical Leadership: Led by a team with extensive uranium exploration and capital markets experience, including veterans from Skyharbour Resources and Azincourt Energy.
  • Resource Update Underway: 2024–25 infill and step-out drilling will support an NI 43-101 compliant mineral resource estimate, incorporating higher-grade intercepts from Terra’s 2024 campaign.
  • Re-rating Potential: Market cap under $5 million despite having a historical uranium resource, confirmed mineralized zones, and near-term catalysts.

Key Project

South Falcon East – Fraser Lakes B Deposit

Located in the southeastern margin of the Athabasca Basin, Saskatchewan, South Falcon East is Terra Clean Energy’s flagship project, covering approximately 12,234 hectares of prospective uranium ground. The property lies 55 km east of the historic Key Lake uranium mill and hosts the Fraser Lakes B deposit, which hosts an inferred historical resource of 6.96 Mlb U₃O₈ at 0.03 percent and 5.34 Mlb thorium dioxide (ThO₂) at 0.023 percent, within 10.35 Mt of material using a 0.01 percent U₃O₈ cutoff grade. While this resource is not currently classified under NI 43-101, Terra believes the data is reliable and serves as a robust foundation for continued exploration.

The mineralization is hosted in fractured and altered pegmatites and graphitic pelitic paragneiss, with the uranium accompanied by thorium and elevated concentrations of copper, nickel, vanadium, zinc, bismuth, molybdenum, lead and cobalt. Alteration assemblages include illite, dickite, kaolinite, chlorite, fluorite and hematite; these are classic markers of basement-hosted unconformity uranium systems. This setting, along with widespread clay alteration and structural disruption, mirrors some of the most prolific uranium systems in the basin, including Eagle Point, Millennium and Roughrider.

Fraser Lakes B sits on the central limb of the Way Lake Conductor, a folded EM corridor extending more than 25 km across the project area. This conductor hosts three major fold limbs (West, Central, and East), but only the central limb, where Fraser Lakes B is located, has been materially drilled. The deposit currently exhibits a strike length of approximately 1,400 meters, dipping northwest, and remains open in all directions. A north-northeast-trending fault, known as the T-Bone Lineament, intersects the deposit’s eastern margin, suggesting additional structural complexity and potential uranium conduits along strike.

Historic drilling from 2008 to 2015 by Skyharbour Resources and JNR Resources identified numerous mineralized intervals. Highlights include:

  • 0.165 percent U₃O₈ over 2 m (within a broader 6 m grading 0.103 percent U₃O₈) in FP-15-05.
  • 0.183 percent U₃O₈ over 1 m in WYL-50.
  • 0.242 percent U₃O₈ over 0.5 m in WYL-61.
  • 0.057 percent U₃O₈ over 5.5 m in the same hole.

These results demonstrate multiple stacked mineralized horizons over widths up to 65 m, open to depth and laterally.

In early 2024, Terra’s Phase 1 drill program confirmed the presence of uranium-bearing pegmatites in close proximity to historical intercepts. Hole SF-0059 intersected 13.5 m of mineralization, including 0.07 percent eU₃O₈ over 1.1 m, while SF-0060 returned intervals such as 0.02 percent eU₃O₈ over 1.3 m at 142.15 m. These intercepts confirm the extension of mineralization along strike and at depth from FP-15-05 and support the hypothesis of lateral continuity and stacked mineralized bodies.

Planning for an extensive summer 2025 drill program is underway, which consists of approximately 2,500 meters. The program will test areas identified during the winter 2024 program, where it is interpreted that a north-northwest trending brittle structure, a north dipping structure with strong clay alteration, and mineralized pegmatites with hydrothermal hematite alteration hosted in graphitic pelitic gneiss all intersect.

In addition to Fraser Lakes B, the company is evaluating regional targets such as T-Bone Lake, which has returned values up to 0.055 percent U₃O₈ over 0.9 m and features promising clay alteration and structural complexity similar to known high-grade deposits.

The overarching exploration thesis is that the Way Lake Conductor may host a clustered uranium system, with multiple deposits along its folded structure. Very little drilling has been conducted outside the current Fraser Lakes B footprint, giving Terra significant discovery potential across the entire 25 km strike length.

Management Team

Greg Cameron – President, CEO and Director

A seasoned capital markets professional, Greg Cameron has two decades of experience in business development, strategy and M&A. He is a former senior banker at Canaccord Genuity and Macquarie, and managing director at Colby Capital. He brings transactional and restructuring expertise critical to junior exploration growth.

C. Trevor Perkins – VP, Exploration

A professional geologist, C. Trevor Perkins has a track record in uranium exploration, including major results in the Athabasca Basin. He also serves as VP exploration for Azincourt Energy and has led exploration strategy and drill execution across multiple high-impact programs.

Alex Klenman – Director

Alex Klenman is a veteran junior mining executive with 30+ years’ experience, including uranium-specific roles. He is the CEO and director of Azincourt Energy, and has raised more than $18 million for Athabasca exploration. Klenman brings deep investor relations and financing expertise.

Tony Wonnacott – Director

Tony Wonnacott is a Toronto-based securities lawyer with more than 25 years of experience in capital markets. Instrumental in multiple successful listings and over $1 billion in financings and M&A transactions.

Brian Shin – CFO

Brian Shine is a chartered professional accountant with 15 years’ experience across roles in public companies. He specializes in reporting, risk management and corporate finance.

Jordan Trimble – Technical Advisor

Jordan Trimble is the CEO of Skyharbour Resources and a leading voice in the uranium investment community. He brings global capital markets insight and technical expertise, enhancing Terra’s industry reach and credibility.

This post appeared first on investingnews.com

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Terra Clean Energy: Advancing an Expansive Uranium Landholding in the Prolific Athabasca Basin

Investing 2 Mins Read

Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FSE:C9O0) is advancing its 100 percent-owned South Falcon East Project, strategically located in the southeastern Athabasca Basin, Saskatchewan — one of the world’s premier uranium districts. The project stands out among uranium juniors for its shallow mineralization, strong discovery potential, and proximity to established infrastructure.

Anchored by a historical resource of nearly 7 million pounds (Mlbs) U₃O₈ at the Fraser Lakes Zone B, the project also hosts multiple zones of confirmed mineralization and structural alteration. Terra is advancing toward a NI 43-101-compliant resource update in 2025, with the goal of materially expanding its resource base. Situated along the highly prospective Way Lake Conductor — a folded, uranium-enriched corridor — the project offers significant upside for new discoveries beyond the existing resource.

South Falcon East, Terra Clean Energy’s flagship project, spans 12,234 hectares on the southeastern margin of the Athabasca Basin, Saskatchewan, just 55 km east of the historic Key Lake uranium mill. The project hosts the Fraser Lakes Zone B deposit, with a historical inferred resource of 6.96 Mlbs U₃O₈ at 0.03% and 5.34 Mlbs ThO₂ at 0.023 percent, contained within 10.35 Mt using a 0.01 percent U₃O₈ cutoff. While not yet classified under NI 43-101, Terra considers the resource data reliable and a strong foundation for future exploration and growth.

Company Highlights

  • Unique, Shallow Uranium System: Only micro-cap in the Athabasca Basin advancing a near-surface uranium deposit, with significantly reduced exploration and potential development costs.
  • Pounds-in-the-ground Upside: Historical resource of 6.96 Mlbs U₃O₈ and 5.34 Mlbs ThO₂, with considerable expansion potential from historical and recent drilling.
  • Prime Location: Situated 55 km east of the Key Lake Mill within the prolific Athabasca Basin – home to the world’s highest-grade uranium deposits.
  • Strong Technical Leadership: Led by a team with extensive uranium exploration and capital markets experience, including veterans from Skyharbour Resources and Azincourt Energy.
  • Resource Update Underway: 2024–25 infill and step-out drilling will support an NI 43-101 compliant mineral resource estimate, incorporating higher-grade intercepts from Terra’s 2024 campaign.
  • Re-rating Potential: Market cap under $5 million despite having a historical uranium resource, confirmed mineralized zones, and near-term catalysts.

This Terra Clean Energy profile is part of a paid investor education campaign.*

Click here to connect with Terra Clean Energy (CSE:TCEC) to receive an Investor Presentation

This post appeared first on investingnews.com

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Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

Investing 3 Mins Read

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028.

Raygorodok is reportedly among the largest and most technologically advanced gold projects in Central Asia. It produced 6 metric tons of gold in 2024 at a production cost of US$796 per ounce, excluding non-cash items.

With a remaining mine life of 16 years and average annual output of 5.5 metric tons of gold, Zijin expects the mine, located in Northern Kazakhstan, to boost both its earnings and production starting this year.

Raygorodok’s total ore reserves are estimated at 94.9 million metric tons, containing approximately 100.6 metric tons (3.5 million ounces) of gold, based on a gold price of US$1,750 per ounce.

However, Zijin believes that considering the current market for the yellow metal, there is clear potential to expand production and reserves by improving the pit design under a higher gold price assumption. Furthermore, a US$420 million processing plant, operational since mid-2022, has significantly expanded the mine’s output capacity.

Annual production rose from 50,000 ounces in 2023 to an expected 190,000 ounces in 2025, using carbon-in-pulp and heap-leaching technologies that improve extraction efficiency from low-grade ore. As of the end of 2024, Raygorodok reported net assets of US$291 million and posted a net profit of US$202 million on US$473 million in revenue.

The asset is currently owned by Cantech, a Kazakhstan-based firm 65 percent held by V Group International, one of the country’s largest equity investment companies, and backed by US private equity firm Resource Capital Funds.

Through its subsidiaries, Zijin Gold International and Jinha Mining, Zijin signed definitive agreements to purchase all rights and interests in RG Gold and RG Processing, the Kazakhstan-based entities that own and operate the mine.

The acquisition is expected to close by the end of September of this year, pending regulatory approvals from both Chinese and Kazakh authorities.

Zijin Gold IPO in the works

Zijin operates gold mines in China and globally in locations such as Africa and South America.

But Raygorodok is set to become one of its flagship assets, aligning with the group’s goal of raising annual gold production by 35 percent — from 73 metric tons in 2024 to 100 to 110 metric tons by 2028.

The acquisition also serves a broader corporate strategy: the planned initial public offering (IPO) of Zijin Gold International, the group’s overseas gold division, on the Hong Kong Stock Exchange.

Established in 2007, Zijin Gold International is being positioned as the vehicle for consolidating Zijin’s foreign gold assets and unlocking shareholder value. The IPO is expected to raise between US$1.5 billion and US$2 billion. Proceeds will be used for further expansion across Africa and South America.

The spinoff remains subject to approval from Chinese regulators, Zijin shareholders, the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange.

Zijin has emphasized that the listing will not affect its control over the subsidiary. Furthermore, Zijin Gold International will remain under Zijin’s consolidated financial statements post-listing.

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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Crypto Market Recap: Metaplanet Buys 1,005 Bitcoin, Plans US$208M Bond to Fund More BTC

Investing 4 Mins Read

Here’s a quick recap of the crypto landscape for Friday (June 27) 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) is priced at US$107,027, trading flat in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$106,709 and a high of US$107,884.

Bitcoin price performance, June 27, 2025.

Chart via TradingView.

Ethereum (ETH) closed at US$2,449.37, trading flat over the past 24 hours. Its lowest valuation on Friday was US$2,402.46 and its highest valuation was US$2,459.96 at the opening bell.

Altcoin price update

  • Solana (SOL) was priced at US$142.26, down 0.6 percent over 24 hours. Its highest valuation as of Friday was US$143.46, and its lowest was US$143.46.
  • XRP was trading for US$2.10, down by 1.3 percent in 24 hours. The cryptocurrency’s highest valuation was US$2.08, and its lowest price on Wednesday was US$2.14.
  • Sui (SUI) is trading at US$2.63, showing an increaseof 1.4 percent over the past 24 hours. Its lowest valuation was US$2.59, and its highest valuation was US$2.67.
  • Cardano (ADA) is priced at US$0.5580, trading flat in the last 24 hours. Its highest valuation as of Friday was US$0.5631, and its lowest was US$0.5496.

Today’s crypto news to know

Trump’s World Liberty adds UK DeFi partner, eyes stablecoin vault

World Liberty Financial, the crypto venture connected to Donald Trump’s family, has secured a partnership with Re7 Capital, a London-based decentralized finance hedge fund, in a bid to scale its USD1 stablecoin.

Backed by up to US$10 million in investment from Hong Kong’s VMS Group, Re7 Capital will work with World Liberty on deploying a stablecoin vault on the Euler and Lista protocols, while also expanding to Binance’s BNB Chain.

VMS Group, a family office for wealthy Hong Kong clients, is making its first crypto move through its stake in Re7.

Meanwhile, the Middle East’s Aqua 1 Foundation disclosed a US$100 million investment into World Liberty tokens, becoming its largest single investor.

UAE’s Aqua 1 buys US$100 million of Trump’s World Liberty Tokens

The Aqua 1 Foundation, a relatively low-profile fund based in the United Arab Emirates, confirmed a US$100 million purchase of World Liberty tokens, linked to Donald Trump’s family-backed crypto initiative.

The tokens, known as $WLFI, function as governance tokens, meaning holders vote on protocol changes but cannot yet freely trade them. World Liberty said it hopes to eventually allow these tokens to become transferable.

The partnership will also help identify and develop blockchain projects across South America, Europe, and Asia. The fund also plans to launch a separate vehicle to advance Middle East digital economic initiatives using blockchain and artificial intelligence.

Despite the investment, Aqua 1 maintains a very minimal online footprint, with only three posts on X and a website registered just weeks ago.

World Liberty says Aqua 1’s teams will support its compliance and expansion efforts going forward.

Bitcoin logs weakest monthly growth despite strong ETF flows

Bitcoin’s performance is stalling despite massive inflows to spot ETFs, pointing to shifting market forces.

The leading crypto asset has climbed just 2 percent for the month, marking its smallest gain since July 2023, even with US$3.9 billion in inflows over recent weeks.

Data shows that whales holding over 10,000 BTC have leaned toward selling, dampening bullish momentum. Smaller wallets have also been net sellers, further pressuring prices as opportunistic traders take profits.

Between January and April, most market participants had offloaded assets until accumulation restarted near US$76,000 in April.

Now, Bitcoin is consolidating with realized profits in the current cycle hitting US$650 billion, higher than last cycle’s $US550 billion.

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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