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Inflation picks up again in June as tariffs slowly work their way through U.S. economy

Business 3 Mins Read

Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy.

The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right in line with the Dow Jones consensus, though the annual rate is the highest since February.

Excluding volatile food and energy prices, core inflation picked up 0.2% on the month, with the annual rate moving to 2.9%, with the annual rate in line with estimates. The monthly level was slightly below the outlook for a 0.3% gain.

A worker prices produce at a grocery store in San Francisco, California, US, on Friday, June 7, 2024.David Paul Morris / Bloomberg via Getty Images

Prior to June, inflation had been on a generally downward slope for the year, with headline CPI at a 3% annual rate back in January and progressing gradually slower in the subsequent months despite fears that Trump’s trade war would drive prices higher.

While the evidence in June was mixed on how much influence tariffs had over prices, there were signs that the duties are having an impact.

Vehicle prices fell on the month, with prices on new vehicles down 0.3% and used car and trucks tumbling 0.7%. However, tariff-sensitive apparel prices increased 0.4%. Household furnishings, which also are influenced by tariffs, increased 1% for the month.

Shelter prices increased just 0.2% for the month, but the BLS said the category was still the largest contributor to the overall CPI gain. The index rose 3.8% from a year ago. Within the category, a measurement of what homeowners feel they could receive if they rented their properties increased 0.3%. However, lodging away from home slipped 2.9%.

Elsewhere, food prices increased 0.3% for the month, putting the annual gain at 3%, while energy prices reversed a loss in May and rose 0.9%, though they are still down marginally from a year ago. Medical care services were up 0.6% while transportation services edged higher by 0.2%.

With the rise in prices, inflation-adjusted hourly earnings fell 0.1% in June, the BLS said in a separate release. Real earnings increased 1% on an annual basis.

Markets largely took the inflation report in stride. Stock market indexes were mixed while Treasury yields were mostly negative.

Amid the previously muted inflation ratings, Trump has been urging the Federal Reserve to lower interest rates, which it has not done since December. The president has insisted that tariffs are not aggravating inflation, and has contended that the Fed’s refusal to ease is raising the costs the U.S. has to pay on its burgeoning debt and deficit problem.

Central bankers, led by Chair Jerome Powell, have refused to budge. They insist that the U.S. economy is in a strong enough position now that the Fed can afford to wait to see the impact tariffs will have on inflation. Trump in turn has called on Powell to resign and is certain to name someone else to the job when the chair’s term expires in May 2026.

Markets expect the Fed to stay on hold when it meets at the end of July and then cut by a quarter percentage point in September.

This post appeared first on NBC NEWS

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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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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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The Best Five Sectors, #27

Stock 4 Mins Read

After a relatively quiet week for the S&P 500, we’re seeing some interesting shifts in sector dynamics. Let’s dive into the latest rankings, RRG analysis, and what it means for our portfolio strategy.

Sector Shifts and RRG Insights: Materials on the Move

The big news this week is the ascent of the Materials sector, which has muscled its way into the top five at the expense of the Utilities sector.

The rest of the top five remained steady, but we’re seeing some movement in the lower ranks as well. Consumer Discretionary made a notable jump from #9 to #7, pushing Consumer Staples and Real Estate down a notch each. Energy and Health Care continue to bring up the rear at #10 and #11, respectively.

  1. (1) Technology – (XLK)
  2. (2) Industrials – (XLI)
  3. (3) Communication Services – (XLC)
  4. (4) Financials – (XLF)
  5. (6) Materials – (XLB)*
  6. (5) Utilities – (XLU)*
  7. (9) Consumer Discretionary – (XLY)*
  8. (7) Consumer Staples – (XLP)*
  9. (8) Real-Estate – (XLRE)*
  10. (10) Energy – (XLE)
  11. (11) Healthcare – (XLV)

Weekly RRG

The weekly Relative Rotation Graph (RRG) gives us a broader perspective on sector trends. Technology continues to dominate, firmly entrenched in the leading quadrant, no surprises there. Industrials is showing stability with a short tail in the leading quadrant, indicating a consistent relative uptrend.

Communication Services, however, is raising some eyebrows. It’s lurking in the weakening quadrant with a short tail, suggesting a stable relative uptrend but with negative momentum. Financials are teetering on the edge of the lagging quadrant, a move that demands attention. Materials, despite its rise in the rankings, is actually in the lagging quadrant on the weekly RRG. You will see why it made its way into the top 5 on the daily RRG.

Daily RRG

On the daily RRG, we get a more nuanced picture of short-term sector movements:

  • Materials (XLB) is the star of the show, crossing into the leading quadrant and standing alone in that coveted space.
  • Financials (XLF) is showing weakness, rolling over and heading back towards the lagging quadrant — confirming what we saw on the weekly chart.
  • Communication Services is on the verge of crossing into the lagging quadrant, a sign that is not great for its current #3 ranking.
  • Industrials is flexing its muscles, approaching the leading quadrant with a positive heading.
  • Technology, while rotating into the weakening quadrant, still has ample room to bounce back into leading territory.

Technology

The tech train continues to roll, breaking through resistance around 240 and maintaining its upward trajectory in both price and relative strength. The RS line is pushing higher after a clean breakout from its falling trend, a bullish sign for the sector leader.

Industrials

XLI is following through nicely on both price and relative strength charts. The raw RS line has established a new higher low, dragging the RS ratio higher. In my opinion, this sector looks rock-solid.

Communication Services

Here’s where things get dicey. XLC is clinging to its breakout above 105, but last week’s decline is testing that former resistance as new support. The raw RS line breaking below rising support is a warning sign that this sector could be in for a bumpy ride.

Financials

Similar to Communications Services, Financials has retreated to test old resistance as support. The raw RS line looks even worse here, having broken out of its rising channel weeks ago. Both RRG lines are flirting with the 100 level; a further push into the lagging quadrant seems likely.

Materials

XLB is showing some muscle, breaking out of its falling channel and taking out recent highs. The raw RS line is pushing against falling resistance — if it can break through, we could see a significant turnaround in the RRG lines, confirming the sector’s newfound strength.

Portfolio Performance

Now, for the part that might sting a bit, the portfolio drawdown is ongoing. It’s something trend followers need to learn to live with. Currently, the portfolio is down about 2% for the year, while the S&P 500 is up over 6%. That puts us roughly 8% behind the benchmark YTD.

It’s not a comfortable position, but it’s part of the game. Trend-following strategies often lag in choppy or rapidly changing markets. The key is to stay disciplined and trust in the long-term efficacy of our approach.

#StayAlert and have a great week, Julius

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Investing

Global Outcry Mounts Over Trump’s Tariff Blitz Ahead of Deadline

Investing 4 Mins Read

President Donald Trump’s surprise announcement of 30 percent tariffs on imports from the EU and Mexico has triggered immediate backlash from various stakeholders, with less than three weeks to go before the tariffs take effect on August 1.

The tariffs—part of a broader series of trade penalties that include duties on copper and new levies on Canada, Japan, South Korea, and Brazil—have drawn sharp criticism from some of the country’s closest allies and trading partners.

In Canada, Prime Minister Mark Carney responded forcefully to the 35 percent tariff on Canadian goods, defending his country’s record and accusing Trump of undermining years of bilateral cooperation.

 

“Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses,” Carney wrote on X. “We are building Canada strong.”

Canada’s United Steelworkers union condemned the copper tariffs, which they say threaten thousands of Canadian jobs.

“This is yet another escalation in Trump’s trade war that puts Canadian jobs and entire industries at risk,” said USW National Director Marty Warren in a July 10 release.

“Canadian workers didn’t start this trade war, but they’re the ones paying the price,” Warren added.

The union also urged Ottawa to protect its domestic industry: “More than 3,000 of our union’s members work in Canada’s copper industry alone. We need immediate and decisive action to protect these workers.”

Across the Atlantic, the EU has not yet issued a formal response, but analysts say the move could derail the bloc’s ongoing negotiations with Washington.

“Trump’s strategy is to make outrageous demands, then bring them down, then make another push to win some last-minute concessions,” Mathieu Savary, Chief Strategist at BCA Research, told Reuters.

He also predicted that Europe may eventually settle for a 10 percent tariff—’something that the EU can actually handle.’

The US move has also rattled Asia. South Korea’s Ministry of Trade said it would accelerate negotiations with the US following Trump’s threat of a 25 percent tariff.

The ministry said its goal is to “produce mutually beneficial results” and address trade imbalances.

Meanwhile, Japan’s Prime Minister Shigeru Ishiba convened a national task force, saying he “deeply regrets” the tariffs and that Tokyo would continue to protect its national interests.

In Africa, South African President Cyril Ramaphosa blasted Trump’s 30 percent tariff on South African exports, calling it unjustified.

“This reciprocal tariff is not based on an accurate representation of trade data,” Ramaphosa said, maintaining that 77 percent of US exports to South Africa are already duty-free while urging the state to respond to a proposed trade framework submitted in May.

In Latin America, Brazil’s President Luiz Inácio Lula da Silva took aim at Trump’s broader protectionist tone.

At the recent BRICS summit in Rio de Janeiro, Lula said: “The world has changed. We don’t want an emperor.”

Lula was responding to Trump’s threat to slap 10 percent tariffs on BRICS nations if they pursued ‘anti-American’ policies. The Brazilian president reiterated calls for a diversified global trade system, including reducing reliance on the US dollar.

Underlying the current showdown is America’s long-standing import dependence.

According to the recent US Geological Survey (USGS), in 2024, the United States was over 50 percent import reliant for 46 nonfuel mineral commodities — and fully import dependent for 12, including many critical minerals used in manufacturing, defense, and energy sectors.

Despite the mounting backlash, President Trump remains firm, repeatedly portraying the tariffs as necessary to protect American industries and secure better trade terms.

Whether this approach yields results or triggers prolonged trade wars remains uncertain. With less than three weeks before the tariffs take effect, stakeholder groups and nations remain varied in their approach and response to the impending sanctions.

But with little indication from the White House of a willingness to retreat, the global economic community is bracing for a turbulent second half of the 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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Crypto Market Recap: Bitcoin Hits Record as Congress Considers Regulatory and Market Structure Frameworks

Investing 7 Mins Read

Here’s a quick recap of the crypto landscape for Monday (July 14) as of 9:00 p.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$119,855, up by 0.6 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$119,417 and a high of US$121,191.

Bitcoin price performance, July 14, 2025.

Chart via TradingView

Bitcoin continued to ride tailwinds into a fresh trading week, moving above US$123,000 briefly. Strong institutional demand and over US$2.7 billion in spot ETF inflows have added support, allowing Bitcoin to hold at the US$119,000 level.

Market analysts pointed to strong institutional inflows and broader participation from family offices in Asia. Ethereum followed suit, climbing past US$3,000, while Solana and XRP each rose by approximately 3 percent.

The global crypto market cap now stands at US$3.81 trillion. Analysts say this could mark a structural shift, with bitcoin increasingly viewed as a reserve asset by both institutions and some central banks.

Stocks tied to crypto companies are soaring in tandem: Coinbase and Robinhood hit new highs, while Circle stock has risen over 500 percent since its IPO.

Popular trader Daan Crypto Trades eyed two key liquidation-related zones to watch next: US$115,500- US$116,500 and the area above US$120,000.

10x head of research Markus Thielen postulates that Bitcoin’s position as a defense against a financial crisis in the US is driving the rally: “The narrative has completely shifted: no one is talking about blockchain use cases or Bitcoin’s technological promise anymore. Bitcoin has become a macro asset, a hedge against unchecked deficit spending.”

Eugene Cheung, chief commercial officer of crypto platform OSL, told Cointelegraph that the asset has the potential to reach US$130,000 to US$150,000 by year-end.

Ethereum (ETH) was priced at US$2,997.69, up by 0.1 percent over the past 24 hours. Its lowest valuation on Monday was US$2,989.38 and its highest was US$3,061.18.

Altcoin price update

  • Solana (SOL) was priced at US$163.92, up by 0.7 percent over 24 hours. Its lowest valuation on Monday was US$162.99, and its highest was US$168.18.
  • XRP was trading for US$2.92, up 2.3 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.92, and its highest was US$3.02.
  • Sui (SUI) is trading at US$3.85, up by 10.6 percent over the past 24 hours. Its lowest valuation was US$3.86, and its highest was US$3.99.
  • Cardano (ADA) deviated from the trend, declining by 1.8 percent to US$0.7302 at the market’s closure, its lowest valuation of the day. Its highest valuation on Monday was US$0.7591.

Today’s crypto news to know

Bitcoin hits record US$123,000 as Congress kicks off Crypto Week

Bitcoin surged to a new all-time high of US$123,153.22 on Monday (July 14), driven by investor optimism ahead of major US congressional debates on crypto regulation.

The House of Representatives is set to consider three pivotal bills this week: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act.

These proposals aim to create a federal framework for stablecoins, clarify regulatory jurisdiction between the SEC and CFTC, and ban the Federal Reserve from issuing a central bank digital currency.

On Friday, White House crypto adviser Bo Hines said he anticipates the House will pass the GENIUS Act without amendments, sending it directly to the President. However, Maxine Waters, Ranking Member of the House Financial Services Committee, and Stephen Lynch, Ranking Member of the Digital Assets Subcommittee, responded by announcing their intention to lead Democrats in opposing this Republican-led legislation, which they have labeled as dangerous.

In early 2025, Waters introduced a stablecoin discussion draft, later proposing a bill to restrict US officials and their families from crypto promotion or ownership. She also suggested the US Treasury Secretary shouldn’t approve a foreign stablecoin regime if that nation’s leader publicly declared themselves a dictator. Ohio Representative Warren Davidson (R) separately proposed a CLARITY Act amendment to protect the right to use hardware or software wallets for lawful digital asset custody.

In a Monday MSNBC op-ed, Waters reiterated her opposition, claiming the proposed bills are designed by and for the crypto industry and pose a threat to consumers and investors

While Waters has put forward these amendments and alternative proposals, the current expectation is that the GENIUS Act will be brought to a floor vote under a restrictive rule, meaning her amendments are not expected to receive a direct vote today or this week as part of the GENIUS Act itself. Instead, her efforts serve to galvanize Democratic opposition and offer a contrasting policy vision, providing reasons for members to vote ‘no’ on the Republican-led legislation.

OKX joins Global Dollar Network

Crypto exchange OKX joined the Global Dollar Network, a consortium promoting its regulated US dollar-backed stablecoin for wider adoption, leveraging its compliance as a key differentiator.

The Global Dollar Network has attracted dozens of partners since its launch in November 2024, including Robinhood (NASDAQ:HOOD), Kraken, Anchorage Digital, Beam, DBS and Standard Chartered. Its token, Paxos, is regulated by the Monetary Authority of Singapore, with reserves held by Singapore-based DBS Bank. In July, USDG expanded into the European Union, operating under the MiCA framework.

Institutional demand pushes Bitcoin ETF inflows to record levels

Spot Bitcoin ETFs saw a wave of institutional capital last week, with more than US$1 billion flowing in on Thursday alone.

BlackRock’s IBIT fund led the surge, becoming the fastest ETF to surpass US$80 billion in assets. The inflows helped propel Bitcoin above US$120,000, reinforcing its position amid growing mainstream adoption and policy momentum.

Since the start of 2025, Bitcoin spot ETFs have attracted a staggering US$22.7 billion in cumulative inflows, the vast majority of which was captured by US-listed funds.

Grayscale files for IPO

Grayscale confidentially filed a Form S-1 with the US Securities and Exchange Commission for an initial public offering on July 14 (Monday), according to an announcement on the firm’s website.

Grayscale joins a growing list of crypto-native companies capitalizing on surging market interest. On Saturday (July 12), memecoin launch platform Pump.fun raised over US$500 million in an initial coin offering (ICO), selling out 33 percent of its maximum 1 trillion supply in about 12 minutes.

Grayscale’s official press release didn’t disclose details such as the number of shares it plans to sell or the anticipated price range. Its Grayscale Bitcoin Trust ETF (NASDAQ:GBTC) closed up 1.44 percent on Monday.

Bhutan sells US$59 Million in Bitcoin but retains US$1.4 Billion in holdings

Bhutan has sold over US$59 million worth of bitcoin in recent days, taking advantage of the cryptocurrency’s historic run past US$123,000.

According to blockchain analytics platform Lookonchain, the country offloaded 512.84 BTC in the past four days. Even after the sale, Bhutan still holds over 11,400 BTC, now valued at more than US$1.4 billion.

The sales are coordinated by Druk Holding & Investments, the country’s sovereign wealth fund, which operates a clean-energy mining program powered by hydropower.

Unlike Germany, which liquidated seized crypto, Bhutan actively mines and times its sales to coincide with price peaks. Officials have emphasized the environmental sustainability of their operations in line with national policy goals.

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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Athena Gold Completes Till Survey At Laird Lake Project In Ontario’s Red Lake Gold Camp

Investing 5 Mins Read

Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) (‘Athena Gold’ or the ‘Company’) is pleased to announce the successful completion of its comprehensive till survey at its Laird Lake gold project, located in Ontario’s prolific Red Lake Gold District. The survey, completed ahead of schedule, marks a significant milestone in advancing the Company’s exploration strategy on this highly prospective 4,158-hectare property, which spans over 10 km of the Balmer-Confederation Assemblage contact.

 

The till survey, initiated in May 2025, involved the collection of 2,048 till and QAQC samples across the Laird Lake project, utilizing a grid spacing of 100 m x 100 m within the Balmer and Confederation assemblages and 200 m x 200 m in surrounding felsic intrusive bodies (Figure 1). The program employed the same sampling methodology as West Red Lake Gold’s successful till survey at the nearby Madsen Mine, which confirmed existing mineralization and outlined new zones (see West Red Lake Gold press release, January 29, 2025). The survey is designed to identify gold-in-till anomalies and refine high-priority drill targets, leveraging Athena Gold’s existing dataset, including LiDAR, detailed mapping, magnetics, and electromagnetic surveys.

‘We are thrilled to have completed the till survey at Laird Lake ahead of schedule, a testament to the efficiency and expertise of our exploration team and our partners at Bayside Geoscience,’ said Koby Kushner, President and CEO of Athena Gold. ‘The data from this survey is expected to significantly enhance our understanding of the project’s potential and guide our upcoming drilling campaign, which we hope to initiate this winter.’

 

The Laird Lake project, situated approximately 10 km west of West Red Lake Gold Mines’ flagship Madsen Mine and approximately 34 km northwest of Kinross Gold’s Great Bear project, is road-accessible and remains underexplored. The Company’s exploration crew remains on-site, with ongoing prospecting to further delineate high-priority targets. Athena anticipates receiving assay results from the till survey in late summer 2025, which will inform follow-up fieldwork and help define drill targets for a planned winter drilling program. The Company’s systematic, data-driven approach aims to de-risk its maiden drill program at Laird Lake, maximizing the potential for a significant gold discovery in this world-class gold camp.

Qualified Person

Technical information in this news release has been reviewed and approved by Benjamin Kuzmich, P.Geo., a geoscientist and qualified person for the purposes of National Instrument 43-101.

About Athena Gold Corporation

Athena Gold is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena Gold’s Laird Lake project is situated in the Red Lake Gold District of Ontario, covering over 4,000 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold’s Madsen mine and 34 km northwest of Kinross Gold’s Great Bear project. Meanwhile, its Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada, where it is currently under option by Firetail Resources Limited. Excelsior Springs spans over 1,500 hectares and covers at least three historic mines.

For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit www.athenagoldcorp.com.

On Behalf of the Board of Directors
Koby Kushner
President and Chief Executive Officer, Athena Gold Corporation

For further information, please contact:
Athena Gold Corporation
Koby Kushner, President and Chief Executive Officer
Phone: 416-846-6164
Email: kobykushner@athenagoldcorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: cathy@chfir.com

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian and US. securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: ‘believes’, ‘will’, ‘expects’, ‘anticipates’, ‘intends’, ‘estimates’, ”plans’, ‘may’, ‘should’, ”potential’, ‘scheduled’, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise stated.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Source

Click here to connect with Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) to receive an Investor Presentation

This post appeared first on investingnews.com

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Skyharbour’s Partner Company UraEx Resources Commences Summer 2025 Drilling Program at South Dufferin Uranium Project, Athabasca Basin, Saskatchewan

Investing 8 Mins Read

 

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that its earn-in option partner, UraEx Resources Inc. (‘UraEx’), has commenced an inaugural 2,600-metre diamond drilling program at the South Dufferin Uranium Project (‘South Dufferin’ or the ‘Property’) located immediately south of the southern margin of the Athabasca Basin, proximal to Cameco’s Centennial deposit. UraEx can earn an initial 51% in the Property through CAD $4,600,000 in combined project consideration and up to 100% through $9,800,000 in combined project consideration consisting of cash and share payments as well as exploration expenditures over a five-year period.

 

  South Dufferin Property Map:  
https://skyharbourltd.com/_resources/images/SKY_SouthDufferin.jpg  

 

  2025 Exploration Program at South Dufferin:  

 

UraEx has initiated a fully-funded, comprehensive diamond drilling program for the summer of 2025, with approximately 2,600 metres of drilling planned across 8 to 12 drill holes. This is the first drilling program at the project in over six years. The helicopter-supported program is designed to test the southern extension of the Dufferin Lake Fault, which is interpreted to be the southern continuation of the structural corridor that hosts Cameco’s Centennial deposit and Dufferin Lake zone to the north. Drilling operations will be carried out by Apex Geoscience Ltd., under the supervision of Apex personnel, and with operations based out of a local contracting camp with helicopter support for daily drilling operations. The program will run through the summer and the budget for the program is approximately CAD $1.5 million funded by UraEx.

 

Drilling will prioritize high-potential target areas characterized by historical geochemical anomalies, gravity low signatures, and structural complexity along north-northeast-trending brittle fault corridors on the South Dufferin property. These features are interpreted to represent favourable pathways for uranium-bearing fluids and are considered key indicators for basement-hosted, high-grade uranium mineralization in the Athabasca Basin.

 

Tom Meredith, CEO and Director of UraEx stated: ‘Bordering Cameco’s Centennial project is surely a clear indication of our drill targets potential. The Athabasca Basin is the world’s leading uranium district, responsible for roughly 20% of global production and home to several tier-one discoveries. It has been well explored and understood for many years attracting billions of dollars of investment. Making a discovery is our fundamental goal and our technical team is excited with these targets.’

 

  South Dufferin Property Summary:  

 

The South Dufferin project totals 13,204 hectares in ten claims and is located immediately south of the southern margin of the Athabasca Basin in northern Saskatchewan. The property covers the southern extension of the Virgin River Shear Zone, which hosts known high-grade uranium mineralization at Cameco’s Dufferin Lake zone approximately 13 kilometres to the north (highlight historical drill results of 1.73% U 3 O 8 over 6.5 metres) and Cameco’s Centennial deposit approximately 25 kilometres to the north (includes historical drill results up to 8.78% U 3 O 8 over 33.9 metres).

 

  South Dufferin Property Map:  
https://skyharbourltd.com/_resources/images/SKY_SouthDufferin.jpg  

 

Historical exploration work on South Dufferin consists of airborne EM, magnetic, gravity and radiometric surveys, lake water and sediment sampling, prospecting and ground-truthing of airborne anomalies, geological mapping, and diamond drilling. Some of the historical drill holes intersected elevated uranium with locally anomalous base metal and boron concentrations as well as significant clay alteration.

 

Exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault and parallel faults within the Virgin Lake Shear zone. With numerous mineralized showings to the north of the project, exploration efforts at South Dufferin have advanced the project to a discovery-ready state. Significant exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault, which has an apparent offset of >200 m, and numerous other parallel faults within the Virgin River Shear zone. The project is drill-ready with several prospective targets warranting follow up work.

 

Most of the claims are in good standing for several years and there are no underlying royalties on the property except for a 2% NSR on one of the claims owned by a third-party.

 

  Qualified Person:  

 

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP Exploration for Skyharbour as well as a Qualified Person.

 

  About UraEx Resources Inc.:  

 

UraEx Resources Inc. is currently a private company focused on uranium projects in the Athabasca Basin where it has an option to earn-in at the South Dufferin and Bolt projects. The company is planning for upcoming drill programs at the projects as well as a go-public transaction soon. UraEx is run by mining-industry executives and is backed by financiers in the investment industry.

 

  About Skyharbour Resources Ltd.:  

 

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

 

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

 

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

 

  Skyharbour’s Uranium Project Map in the Athabasca Basin:  
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg  

 

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

 

 Skyharbour Resources Ltd. 

 

‘Jordan Trimble’
  
Jordan Trimble
President and CEO

 

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd. 
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com  

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

The securities offered 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 U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

 

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

 

 

 

   

 

 

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IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Kimberly Ann, CEO of Lahontan Gold Corp.

Investing 7 Mins Read

 

Via IBN IBN a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.

 

The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The latest episode features Kimberly Ann, Founder, CEO, President & Executive Chair of Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) , a Canadian mine development and exploration company advancing a portfolio of gold and silver assets in Nevada’s Walker Lane, one of the world’s most productive and mining-friendly regions.

 

To begin the interview, Ann outlined Lahontan Gold’s mission and strategic approach in Nevada’s Walker Lane.

 

‘At Lahontan Gold, we’re doing something so special,’ she said. ‘I have a very extensive background in running successful businesses across the board, and this one is just a perfect storm of great assets, the best jurisdiction in the world, and the best timing with our new administration that’s so pro-mining. Gold is finally on the critical metals list, and we have a past producer — perfect asset — that I’m so excited to tell everybody about.’

 

Ann went on to describe the Santa Fe Mine’s history and potential.

 

‘The Santa Fe mine was a past producer from 1988 to 1994, open-pit style heap leach. It’s the lowest cost style of operation you can have. It shut down from pure economics, because gold was at $340. They left a lot of gold and silver in the ground,’ she explained. ‘Right now, we have 2 million ounces that we’re reporting to the world. We obviously have a lot more internally that we’re working on, but really, it’s a very simple story in that we have enough to have a mine again now, and we’re fast-tracking it.’

 

She also emphasized her business-first mindset and the importance of focusing on outcomes.

 

‘I’m not emotional about it. I’m not in love with the project. I’m not thinking of anything but making money and making the company successful,’ she added. ‘I have a unique perspective in that, yes, I understand the geology. Yes, I understand the engineering background. But, more importantly, I understand the business and how to get to the finish line.’

 

Join IBN’s Stuart Smith and Kimberly Ann, Founder, CEO, President & Executive Chair of Lahontan Gold , for a discussion on unlocking the potential of past-producing mines, leveraging Nevada’s mining advantages, and driving shareholder-focused growth.

 

To hear the whole podcast and subscribe for future episodes, visit https://podcast.miningnewswire.com  

 

The latest installment of The MiningNewsWire Podcast continues to reinforce IBN’s commitment to the expansion of its robust network of brands, client partners, followers and the growing IBN Podcast Series . For more than 19 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies .

 

To learn more about IBN’s achievements and milestones via a visual timeline, visit:   https://IBN.fm/TimeLine   

 

  About Lahontan Gold Corp.  

 

 Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its U.S. subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada. Lahontan’s flagship property, the 26.4 km 2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1994 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz AuEq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t AuEq) and an Inferred Mineral Resource of 411,000 oz AuEq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t AuEq), all pit constrained ( AuEq is inclusive of recovery, please see Santa Fe Project Technical Report and note below* ).

 

The company plans to continue advancing the Santa Fe Mine project toward production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.

 

For more information, visit the company’s website at www.LahontanGoldCorp.com  

 

  The technical content of this news release and the company’s technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report.  

 

  * Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.  

 

  About IBN  

 

  IBN consists of financial brands introduced to the investment public over the course of 19+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

 

Through our Dynamic Brand Portfolio (DBP) , IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets ; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions ; and (6) total news coverage solutions.

 

For more information, please visit https://www.InvestorBrandNetwork.com  

 

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer  

 

  Forward-Looking Statements  

 

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

 

  Corporate Communications  

 

IBN
Austin, Texas
www.InvestorBrandNetwork.com  
512.354.7000 Office
Editor@InvestorBrandNetwork.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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