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Crypto Market Recap: Trump’s Truth Social Moves to Launch Spot Bitcoin ETF
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Crypto Market Recap: Trump’s Truth Social Moves to Launch Spot Bitcoin ETF

by admin

Here’s a quick recap of the crypto landscape for Monday (June 2) 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$104,369 as markets wrapped, down 0.7 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$103,984 and a high of US$104,589.

Bitcoin performance, June 2, 2025.

Chart via TradingView.

After hitting nearly US$103,100 on May 31, Bitcoin held above US$104,500 to close its weekly candle.

The cryptocurrency traded around US$104,000 on Monday as uncertainty continued to plague centralized and decentralized markets in the final month of the second quarter.

Crypto analyst Daan Crypto Trades identified the mid-range level around US$99,600 and a resistance area near US$108,000 as key zones to watch for potential reversal signals during the first week of June. He emphasized that early June moves may be ‘fakeouts,’ with the real trend emerging afterward.

Ethereum (ETH) finished the trading day at US$2,533.47, a 0.4 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,494.99 and saw a daily high of US$2,555.62.

Altcoin price update

  • Solana (SOL) closed at US$152.44, down 2.1 percent over 24 hours. SOL experienced a low of US$152.34 in the final minutes of trading and reached a high of US$154.27.
  • XRP is trading at US$2.16, reflecting a 0.1 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.14 and a high of US$2.17.
  • Sui (SUI) peaked at US$3.28, showing a decreaseof 0.2 percent over the past 24 hours. Its lowest valuation on Monday was US$3.25, and its highest was US$3.32.
  • Cardano (ADA) is trading at US$0.6724, down 0.8 percent over the past 24 hours. Its lowest price of the day was US$0.6708, and it reached a high of US$0.6776.

Today’s crypto news to know

Circle aims for US$7.2 billion valuation in expanded US IPO

Stablecoin issuer Circle is aiming for a US$7.2 billion valuation in its upsized initial public offering (IPO), signaling strong investor interest amid a friendlier US regulatory environment under President Donald Trump.

The company and its backers now hope to raise up to US$896 million by offering 32 million shares.

Circle’s USDC, the world’s second largest stablecoin, is expected to benefit from pending legislation that could drive more institutional adoption. The firm reported a 55 percent jump in reserve income for Q1, reaching nearly US$558 million, though this was offset by a 68 percent surge in distribution and transaction costs.

Circle’s primary distribution partner is Coinbase Global (NASDAQ:COIN), with others contributing to global reach. The IPO is being led by JP Morgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

Circle will trade under the ticker symbol ‘CRCL’ on the NYSE later this week.

BitoPro possibly hacked for US$11 million, exchange silent

Taiwan’s BitoPro exchange may have suffered a major breach on May 8, according to blockchain investigator ZachXBT, with over US$11.5 million in crypto drained from its hot wallets.

The attackers allegedly compromised wallets across Ethereum, Solana, Tron and Polygon, then funneled the assets through mixers like Tornado Cash and Wasabi Wallet to cover their tracks.

BitoPro has yet to publicly acknowledge the breach, instead citing routine “system maintenance” as the reason for service disruptions last month. The exchange remains quiet on its official channels despite mounting evidence of a hack.

BitoPro, operated by BitoGroup, has served Taiwan’s crypto market since 2018, and continues to process over US$20 million in daily volume.

Lubin credits Saylor for inspiring Ethereum treasury push

Ethereum co-founder Joe Lubin says a conversation with Bitcoin bull Michael Saylor prompted him to explore the creation of a treasury firm focused on Ether, according to Bloomberg.

Inspired by Saylor’s success turning Strategy (NASDAQ:MSTR) into a leveraged Bitcoin proxy, Lubin launched a new initiative through SharpLink Gaming (NASDAQ:SBET), raising US$425 million to buy Ether.

Lubin, who is now chair of SharpLink, expects to raise even more capital through share offerings and bonds — mirroring Saylor’s approach, but with a focus on Ethereum.

Following the announcement, SharpLink’s share price soared over 1,000 percent in just a few days. Lubin believes this will spark a wave of similar Ether-focused strategies and drive institutional demand.

While Bitcoin has enjoyed a clearer investment narrative as “digital gold,” Lubin argues Ether’s broader utility is underappreciated and ripe for a narrative shift.

Saylor’s Strategy boosts Bitcoin holdings by 705 BTC

Strategy acquired another 705 BTC for US$75.1 million between May 26 and May 30.

The latest purchases were made at an average price of US$106,495 per coin, and followed the sale of 3,750 Class A shares between May 22 and 29 by Strategy director Jarrod Patten, worth nearly US$1.4 million.

According to Strategy’s data, the latest purchase brought its year-to-date BTC yield to 16.9 percent. The company’s quarter-to-date BTC yield is now 5.4 percent. Strategy is looking to reach a BTC yield target of 25 percent year-to-date by the end of 2025. The company previously targeted a 15 percent yield, but increased it on May 1.

Strategy now holds 581,000 BTC, or 2.9 percent of all Bitcoin that have been mined to date.

Metaplanet buys more Bitcoin, holdings top US$930 million

Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF) has acquired another 1,088 BTC, pushing its total Bitcoin stash past 8,888 coins — now worth over US$930 million. The latest purchase cost the firm US$117.5 million, bringing its average BTC acquisition price to just over US$108,000 per coin. Since adopting its Bitcoin treasury policy in April 2024, Metaplanet has rapidly climbed the ranks of corporate BTC holders and is now the largest in Asia.

The company recently raised US$50 million through zero-interest bonds to finance its latest round of acquisitions without issuing new stock. Year-to-date, Metaplanet reports a 66 percent return on its BTC holdings, and it has added over 7,000 coins in 2025 alone. The firm is targeting a total of 10,000 BTC by year end.

Tether enhances gold-backed token

Tether’s gold-backed token, Tether Gold (XAU₮), has been enhanced with an omnichain version, XAU₮0.

It is now available on the Open Network (TON) blockchain. This move enables the trading of digital gold and deepens the collaboration between Tether and TON. XAU₮, Tether’s original gold token, is available as an ERC-20 token on Ethereum and a TRC-20 token on TRON. The new version leverages LayerZero’s OFT standard to facilitate native movement across multiple blockchains without wrapping or redeploying new tokens on each chain.

According to Tether’s Q1 attestation report, it has over 7.7 metric tons of physical gold backing the XAUT stablecoin.

MAS orders crypto firms to halt overseas services

The Monetary Authority of Singapore (MAS), the country’s central bank, has ordered local crypto service providers to stop offering digital token services to overseas markets by June 30.

The directive came in response to industry feedback on a proposed regulatory framework for Digital Token Service Providers (DTSPs) under the Financial Services and Markets Act (FSM Act), passed in April 2022.

The act requires DTSPs with overseas operations to comply with anti-money laundering and counter-terrorist financing standards, even if they do not offer services within Singapore.

“DTSPs which are subject to a licensing requirement under section 137 of the FSM Act must suspend or cease carrying on a business of providing DT services outside Singapore by 30 June 2025,” MAS wrote.

MAS states that any Singapore-incorporated company, individual or partnership that provides DT services outside Singapore must either cease operations or obtain a license when the DTSP provisions come into force.

Companies found violating the laws will be subject to hefty fines of up to 250,000 Singaporean dollars (US$200,000) and imprisonment of up to three years. Firms licensed or exempted under the Securities and Futures Act, Financial Advisors Act or Payment Services Act may continue to operate without conflicting with the new rules.

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.

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CHARBONE Hydrogen Executed a USD 50MM Financing to Accelerate its Hydrogen’s North American Expansion Facilitated by US Capital Global
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CHARBONE Hydrogen Executed a USD 50MM Financing to Accelerate its Hydrogen’s North American Expansion Facilitated by US Capital Global

by admin

(TheNewswire)

Global private financial group headquartered in San Francisco advises on construction facility to support CHARBONE’s expansion of modular green hydrogen facilities in North America.

Brossard, Quebec TheNewswire – June 4, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), rare publicly traded pure-play company focused on the production and distribution of green hydrogen in North America, is pleased to announce more details on the signing, announced previously on May 1st 2025, of a project finance facility of up to USD 50 million being provided by a private fund managed by True Green Capital Management LLC (‘TGC’). US Capital Global Securities LLC, the SEC-registered broker-dealer division of global private financial group US Capital Global has acted as lead advisor and facilitator.

Headquartered in Montreal, CHARBONE is developing modular production facilities targeting 99.999% purity (Grade 5.0 and higher) hydrogen, with all output pre-sold through tier-one offtake agreements.

‘ We’re proud to have served as lead advisor to both CHARBONE and TGC on this transaction ,’ said Charles Towle, CEO of US Capital Global Securities. ‘ CHARBONE is gaining strong momentum as demand grows for clean hydrogen solutions to decarbonize industrial users through their key sites in development across North America. We look forward to supporting the company’s continued growth. The transaction was led by Lisa Terk, Senior Vice President and a top CleanTech and Renewables banker at our global headquarters. ‘

‘ This financing marks an important milestone in executing our long-term growth strategy ,’ said Benoit Veilleux, CFO of CHARBONE. ‘ We are grateful to US Capital Global for their consistent support and expertise throughout this process—from structuring and investor engagement to the successful completion of legal documentation. ‘

Herv é Touati , Managing Director at TGC, added: ‘ We’re pleased to be financing CHARBONE and look forward to working together on this joint renewable clean energy initiative. We appreciate the diligence and insight of US Capital Global in bringing this opportunity to this stage. ‘

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

About True Green Capital Management

True Green Capital Management LLC (‘TGC’) is a specialized renewable energy infrastructure fund manager with a focus in distributed power generation in the US and Europe. Since 2011, TGC has financed and managed clean energy assets that generate stable, low-correlated returns. Headquartered in Westport, Connecticut, TGC also maintains an office in London. Learn more at www.truegreencapital.com .

About US Capital Global

Founded in 1998, US Capital Global offers a range of advanced financial solutions, including debt, equity, and investment products customized for middle-market enterprises and investors. The firm oversees direct investment funds while delivering comprehensive wealth management and investment banking services, encompassing M&A strategies and capital raising expertise. Among the notable entities within the consortium are US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC, and US Capital Global Securities LLC, an SEC-registered broker-dealer and member of FINRA. To learn more, visit www.uscapital.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

 

Copyright (c) 2025 TheNewswire – All rights reserved.

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Charbone Hydrogene Annonce un Financement de Reglements de Dettes par Emission d’Unites pour un Montant Total de 1,3M$
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Charbone Hydrogene Annonce un Financement de Reglements de Dettes par Emission d’Unites pour un Montant Total de 1,3M$

by admin

(TheNewswire)

Brossard (Québec) TheNewswire – le 3 juin 2025 — CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d’Amérique du Nord cotée en bourse axée sur la production et la distribution d’hydrogène vert, a le plaisir d’annoncer la clôture de règlements de dettes par émission d’unités s’élevant à 1 342 687 $.

La Société a conclu avec certains fournisseurs sans lien de dépendance pour un montant total de 1 342 687 $ de comptes à payer par l’émission d’unités. Chaque unité offerte, au prix de 0,075 $ l’unité, comprenait une action ordinaire de la Société et un bon de souscription d’action ordinaire . Chaque bon de souscription permettra à son porteur d’acquérir une action ordinaire supplémentaire de la Société à un prix d’exercice de 0,10 $ pendant 12 mois après la date de clôture . Un total de 17 902 489 d’unités seront émises à la clôture, au prix de conversion unitaire de 0,075 $. La Société estime que le règlement des dettes par l’émission de titres est approprié pour progresser vers la production de son projet phare de Sorel-Tracy et pour répondre à la nécessité générale de gérer sa trésorerie avec prudence. Une entente officielle reflétera tout règlement de dette et sera assujetti à l’approbation de la Bourse de croissance TSX. Tous titres émis dans le cadre de ce règlement de dettes sera assujetti à la période de détention légale au Canada de quatre mois.

À propos de Charbone Hydrogène Corporation

Charbone est une entreprise intégrée d’hydrogène vert disposant de capacités stratégiques de distribution de gaz industriels en Amérique du Nord. Tout en poursuivant le développement de son réseau modulaire de production d’hydrogène vert, Charbone s’appuie également sur des partenariats commerciaux pour fournir de l’hydrogène, de l’hélium et d’autres gaz industriels sans les exigences en capital élevées des usines de production. Cette approche améliore les sources de revenus, réduit les risques opérationnels et accroît la flexibilité sur le marché. Charbone reste la seule société purement axée sur l’hydrogène vert cotée en bourse en Amérique du Nord, avec des actions cotées à la Bourse de croissance TSX (TSXV: CH); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone Hydrogène :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

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Charbone Hydrogen Announces Closing of Units for Debt Financing for a Total Amount of $1.3M
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Charbone Hydrogen Announces Closing of Units for Debt Financing for a Total Amount of $1.3M

by admin

(TheNewswire)

Brossard, Quebec TheNewswire – June 3, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE ‘), North America’s only publicly traded pure-play company focused on green hydrogen production and distribution, is pleased to announce the closing of Units for debt settlements amounting to $1,342,687.

The Company has settled with certain arm’s length suppliers $1,342,687 of payables through the issuance of units. Each unit offered, priced at $0.075 per Unit, comprised one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $ 0.10 for 12 months following the closing date. A total of 17,902,489 Units will be issued pursuant to the closing, at a conversion price per unit of $0.075. The Company believes that the settlement of the payables through the issuance of securities is appropriate to advance towards production for its Sorel-Tracy project and the overall need to manage its cash prudently.  A formal agreement will reflect any debt settlement and will be subject to the approval of the TSX Venture Exchange. Any securities issued pursuant to a debt settlement will be subject to a statutory four-month hold period in Canada.

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

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Allied Critical Metals Commences 5,000 Metre Drill Program at its Borralha Tungsten Project
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Allied Critical Metals Commences 5,000 Metre Drill Program at its Borralha Tungsten Project

by admin

(TheNewswire)

Vancouver, British Columbia TheNewswire – June 2, 2025: Allied Critical Metals Inc. (CSE: ACM | FSE:0VJ0) (‘ Allied’ or the ‘ Company’ ), which is focused on its 100% owned past producing Borralha and Vila Verde (Vale das Gatas) tungsten projects in northern Portugal, is pleased to announce the commencement of a fully-funded exploration program that will include up to 5,000 metres of core drilling at the Company’s flagship Borralha Tungsten Project (the ‘ Property’ or ‘ Borralha’ ), located in northern Portugal.

Roy Bonnell, CEO and Director commented, ‘The launch of this 5,000-metre drilling campaign marks a major milestone for Allied and the continued advancement of the Borralha Project. Our experienced geological team in Portugal expects the results to meaningfully expand the current resource base, paving the way for a more robust and valuable project. All newly defined tonnage will be incorporated into an updated Preliminary Economic Assessment (PEA), scheduled for release this fall. In parallel, advanced metallurgical optimization test work will be conducted at Wardell Armstrong’s laboratories in the UK, focusing on enhancing metal recoveries and concentrate grades. These efforts are aimed at further improving the economic performance of the project and delivering a higher-quality concentrate to meet the demanding standards of end-users.’

The Borralha project is an advanced-stage brownfield tungsten project located in northern Portugal. Historically mined between 1904 and 1985, it produced over 10,280 tonnes of high-grade wolframite concentrate averaging 66% WO₃ (as described in the Company’s Technical Report, referenced below). The Borralha project is now positioned for near-term, low-cost production with modern exploration confirming significant remaining mineralization.

Key highlights include:

Current NI 43-101 Resources (as of March 2024):

  • Indicated: 4.98 million tonnes at 0.22% WO₃, 762 g/t Cu, and 4.8 g/t Ag.

  • Inferred: 7.01 million tonnes at 0.20% WO₃, 642 g/t Cu, and 4.4 g/t Ag.

The Company has completed its maiden mineral resource estimate for the Property described in its technical report entitled, ‘Technical Report on the Borralha Property, Parish of Salto, District of Vila Real, Portugal’ dated effective July 31, 2024 (the ‘ Technical Report’ ), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .

Recent Exploration : Drilling from 2023–2024 returned strong intercepts, including up to 10m at 1.75% WO₃ and multiple longer intervals averaging over 0.2% WO₃, as reported in the Technical Report.

Proposed 2025 RC Drilling Program:

Click Image To View Full Size

The following figure shows the plan of the proposed 2025 RC drilling program and an example of the proposed sectional drilling.

Figure 1: Proposed 2025 RC Drilling Program and Example of Proposed Sectional Drilling

Permitting: The project holds a Mining Rights Concession License and is undergoing environmental assessment to transition to full-scale mining. Current permitting allows bulk sampling of up to 150,000 tonnes per annum.

Infrastructure: Located near the major Portuguese cities of Braga and Porto, it benefits from excellent infrastructure including roads, power, water, and skilled labor.

Strategic Positioning: Borralha represents one of the few near-term, non-Chinese tungsten production opportunities globally, strategically aligning with the West’s increasing demand for critical raw materials amid heightened supply chain vulnerabilities. With Borralha and other national assets, Portugal is poised to emerge as one of Europe’s leading suppliers of tungsten , reinforcing its role in supporting the continent’s industrial resilience and green transition.

This project forms the cornerstone of Allied’s strategy to become a leading Western supplier of tungsten, a metal critical to defense, EVs, semiconductors, and industrial manufacturing.

Qualified Person

Doug Blanchflower, P.Geo. is a Consulting Geologist with Minorex Consulting and has reviewed and approved the scientific and technical information in this news release and is a Registered Professional Geoscientist in good standing with the Association of Professional Engineers and Geoscientists of British Columbia (No. 19086), and is independent from ACM and its mineral properties and is a qualified person for the purposes of National Instrument 43-101—Standards of Disclosure for Mineral Projects . Mr. Blanchflower is independent of the Company and its mineral properties.

On behalf of the Board of Directors

‘Roy Bonnell’

Roy Bonnell

CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell

Vice President, Corporate Development

Email: daveb@alliedcritical.com

Tel: 403-410-7907

Toll Free: 1-888-221-0915

ABOUT ALLIED CRITICAL METALS

Allied Critical Metals Inc. (ACM:CSE | FSE:0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China and Russia represent approximately 90% of the total global supply and reserves. The Tungsten market is estimated to be valued at approximately U.S.$5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please also visit our website at www.alliedcritical.com.

Also visit us at:

LinkedIn:

X: https://x.com/@alliedcritical/

Facebook:

Instagram: https://www.instagram.com/alliedcriticalmetals/

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and terms of the investor awareness campaign, anticipated benefits to Company from running the investor awareness campaign, and the performance of the investor relations services providers of the marketing services as contemplated in the marketing agreements, or at all. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 , and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release and has neither approved now disapproved the contents of this press release.

Copyright (c) 2025 TheNewswire – All rights reserved.

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SOURCE ROCK ROYALTIES ANNOUNCES FIRST QUARTER 2025 RESULTS
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SOURCE ROCK ROYALTIES ANNOUNCES FIRST QUARTER 2025 RESULTS

by admin

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

Source Rock Royalties Ltd. (‘Source Rock’) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period ended March 31, 2025 .

First Quarter Highlights:

  • Quarterly royalty production of 232 boe/d (92% oil and NGLs), a decrease of 4% over Q1 2024.
  • Quarterly royalty revenue of $1,676,388 , a decrease of 3% over Q1 2024.
  • Quarterly adjusted EBITDA (1) of $1,460,440 ( $0.032 per share), a decrease of 3% over Q1 2024.
  • Quarterly funds from operations (1) of $1,292,215 ( $0.028 per share), a decrease of 3% over Q1 2024.
  • Declared three monthly dividends of $0.0065 per share, resulting in a payout ratio (1) of 69%.
  • Achieved an operating netback (1) of $70.00 per boe and a corporate netback (1) of $61.94 per boe.
  • Working capital of $5,263,714 (0.115 per share) as at March 31, 2025 .

Financial and Operational Results

Three Months Ended March 31,

FINANCIAL ($, except as noted)

2025

2024

Change

Royalty revenue

1,676,388

1,728,050

-3 %

Adjusted EBITDA (1)

1,460,440

1,504,104

-3 %

Per share (basic)

0.032

0.033

-3 %

Funds from operations (1)

1,292,215

1,331,106

-3 %

Per share (basic)

0.028

0.029

-3 %

Total comprehensive income (loss)

355,381

217,968

63 %

Per share (basic)

0.008

0.005

60 %

Per share (diluted)

0.007

0.005

40 %

Dividends declared

888,863

814,176

9 %

Per share

0.0195

0.018

8 %

Payout ratio (1) (%)

69 %

61 %

13 %

Cash and cash equivalents

5,125,530

2,445,179

110 %

Per share (basic)

0.11

0.05

108 %

Average shares outstanding (basic)

45,582,727

45,231,865

1 %

Shares outstanding (end of period)

45,582,727

45,232,645

1 %

OPERATING

Average daily production (boe/d)

232

241

-4 %

Percentage oil & NGLs (%)

92 %

95 %

-3 %

Average price realizations ($/boe)

80.36

78.78

2 %

Operating netback (1) ($/boe)

70.00

68.58

2 %

Corporate netback (1) ($/boe)

61.94

60.70

2 %

(1)

This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading ‘Non-GAAP Financial Measures & Ratios’ for more information on each non-GAAP financial measure or ratio.

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing, oil focused portfolio of royalty interests concentrated in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock’s strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

Forward-Looking Statements

This news release includes forward-looking statements and forward-looking information within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as ‘plans’, ‘is expected’, ‘expects’, ‘scheduled’, ‘intends’, ‘contemplates’, ‘anticipates’, ‘believes’, ‘proposes’ or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding Source Rock’s dividend strategy and the amount and timing of future dividends (and the sustainability thereof), the potential for future drilling on Source Rock’s royalty lands, expectations regarding commodity prices, Source Rock’s growth strategy and expectations with respect to future royalty acquisition and partnership opportunities, and the ability to complete such acquisitions and establish such partnerships. Such statements and information are based on the current expectations of Source Rock’s management and are based on assumptions and subject to risks and uncertainties. Although Source Rock’s management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Source Rock. Although Source Rock has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Source Rock undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures & Ratios

This news release uses the terms ‘funds from operations’ and ‘Adjusted EBITDA’ which are non-GAAP financial measures and the terms ‘payout ratio’, ‘operating netback’ and ‘corporate netback’ which are non-GAAP ratios. These financial measures and ratios do not have   a standardized prescribed meaning under GAAP and these measures and ratios may not be comparable with the calculation of similar measures disclosed by other entities.

‘Adjusted EBITDA’ is used by management to analyze the Corporation’s profitability based on the Corporation’s principal business activities prior to how these activities are financed, how assets are depreciated, amortized and impaired, and how the results are taxed. Additionally, amounts are removed relating to share-based compensation expense, the sale of assets, fair value adjustments on financial assets and liabilities, other non-cash items and certain non-standard expenses, as the Corporation does not deem these to relate to the performance of its principal business. Adjusted EBITDA is not intended to represent net profit (or loss) as calculated in accordance with IFRS.

The most directly comparable GAAP financial measure to funds from operations is cash flow from operating activities. ‘Funds from operations’ is defined as cash flow from operating activities before the change in non-cash working capital. Source Rock believes the timing of collection, payment or incurrence of these non-cash items involves a high degree of discretion and as such may not be useful for evaluating Source Rock’s operating performance. Source Rock considers funds from operations to be a key measure of operating performance as it demonstrates Source Rock’s ability to generate funds to fund operations, acquisition opportunities, dividend payments and debt repayments, if applicable. Funds from operations should not be construed as an alternative to income or cash flow from operating activities determined in accordance with GAAP as an indication of Source Rock’s performance.

‘Corporate netback’ is calculated as funds from operations divided by cumulative production volumes for the period. Corporate netback is used by Source Rock to better analyze the financial performance of its royalties against prior periods and to assess the cost efficiency of its overall corporate platform as it relates to production volumes. There is no standardized meaning for ‘corporate netback’ and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.

‘Operating netback’ represents the cash margin for products sold. Operating netback is calculated as revenue minus cash administrative expenses divided by cumulative production volumes for the period. Operating netback is used by Source Rock to assess the cash generating and operating performance of its royalties against prior periods and to assess the costs efficiency of its operating platform as it relates to production volumes. There is no standardized meaning for ‘operating netback’ and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.

‘Payout ratio’ is calculated as the aggregate of cash dividends declared in a period divided by funds from operations realized in such period. Source Rock considers payout ratio to be a key measure to assess Source Rock’s ability to fund operations, acquisition opportunities, dividend payments, cash taxes and debt repayments, if applicable.

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

SOURCE Source Rock Royalties Ltd.

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Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout
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Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

by admin

The gold price saw peaks and troughs this week.

After rising to almost US$3,350 per ounce on Monday (May 26), the yellow metal took a dive, dropping just below the US$3,260 level on May 28 (Wednesday). It was back on the rise the next day, hitting US$3,324.

Trade tensions were in focus throughout the period.

Concerns lessened early in the week, when US President Donald Trump said he would delay raising tariffs on the EU, but uncertainty ratcheted back up on Wednesday (May 28), when an American trade court issued a ruling that blocked most of his tariffs put in place by his administration.

“It is not for unelected judges to decide how to properly address a national emergency” — Kush Desai, White House spokesperson

The decision prompted a flurry of activity and backlash from Trump and his supporters, with a federal appeals court ultimately reinstating the tariffs on May 29 (Thursday).

The turmoil was beneficial for gold, as was news that the US economy shrank by 0.2 percent annually in Q1. The GDP estimate is the second of three from the Bureau of Economic Analysis, and comes in lower than the first calculation of a 0.3 percent contraction.

Bullet briefing — Glencore restructures, Anglo completes spinoff

Glencore restructuring move sparks M&A talk

Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has quietly moved billions worth of global coal and ferroalloys assets into an Australian subsidiary.

The Australian Financial Review was the first to report the news, and it’s already sparked speculation about renewed M&A talks between Glencore and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). The two major companies reportedly engaged in discussions last year, but in the end did not move forward.

With this restructuring from Glencore and Rio Tinto’s CEO due to step down later this year, market watchers see potential for a deal to be done.

Anglo American spins off Valterra Platinum

Anglo American (LSE:AAL,OTCQX:AAUKF) made headlines elsewhere this week as the firm finished demerging its platinum-group metals unit, Valterra Platinum (JSE:VAL).

Valterra, formerly Anglo American Platinum, began trading on the Johannesburg Stock Exchange on May 28, and will have a secondary listing in London as of June 2.

Anglo made the decision to spin off Valterra after heading off a US$49 billion takeover bid from BHP (ASX:BHP,NYSE:BHP,LSE:BHP) last year. The company embarked on a restructuring plan that will see it hone in on copper and iron ore.

Interestingly, Valterra’s debut comes alongside a platinum price boost. The metal recently broke out to its highest level in about two years, nearly reaching US$1,100 per ounce.

Edward Sterck of the World Platinum Investment Council believes it’s too soon to tell whether the rise is sustainable, but he does see a ‘perfect storm’ brewing for platinum.

Here’s how he explained it:

I think platinum’s fundamentals are just highly attractive at the moment. You’ve got really constrained supply, you’ve got demand that is actually beginning to show some real signs of growth, driven principally by an inflection in jewelry demand and by ongoing growth in investment demand.

And so given those things are resulting in these really significant deficits — this is the third year of almost a million ounces of deficit out of an 8 million ounce market — those are just rapidly depleting those aboveground stocks … this has all generally come together as a perfect storm. We are seeing that tightness in the market, and I feel quietly optimistic that we’re going to see that long-awaited price response come through.

Watch the full interview for a more in-depth look at supply and demand dynamics for platinum.

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

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NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit
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NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit

by admin

NVIDIA (NASDAQ:NVDA) shares rose over 5 percent to hit US$142.50 on Thursday (May 29), extending a powerful rally that reflects Wall Street’s optimism in the chipmaker’s long-term trajectory

The company’s positive performance came despite a bruising blow from US export restrictions to China.

The semiconductor giant, seen by many industry experts as the backbone of the global artificial intelligence (AI) boom, reported better-than-expected financial results for its first fiscal quarter of 2026 on Wednesday (May 28), allaying fears that geopolitical tensions and tighter trade controls could derail its momentum.

In the face of a projected US$8 billion revenue hit from the export ban on China and a US$4.5 billion writedown on unsold inventory, investors appeared to focus on NVIDIA’s dominant position in the fast-expanding AI market.

“There is one chip in the world fueling the AI Revolution and it’s Nvidia,” wrote Dan Ives, a tech analyst at Wedbush Securities. “That narrative is clear from these results and the positive commentary from Jensen.”

NVIDIA posted quarterly revenues of US$44.1 billion, beating consensus analyst estimates of US$43.3 billion. That’s also a staggering 69 percent increase from the US$26 billion reported in the same quarter last year.

The company’s flagship data center division, which supplies AI chips to major clients like Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META), reported US$39.1 billion in sales.

Although that’s a slight miss from Wall Street’s US$39.2 billion forecast, it’s still up from US$22.5 billion last year.

“Our breakthrough Blackwell NVL72 AI supercomputer — a ‘thinking machine’ designed for reasoning — is now in full-scale production across system makers and cloud service providers,” said Jensen Huang, founder and CEO of NVIDIA.

“Global demand for NVIDIA’s AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate.”

Earlier this month, Huang traveled with US President Donald Trump to the Middle East, where the company reportedly secured orders for hundreds of thousands of chips from Saudi Arabia.

Yet NVIDIA’s latest results also expose the mounting risks the firm faces as global trade policy tightens.

In recent months, Washington has sharply escalated restrictions on semiconductor exports to China, targeting chips like NVIDIA’s H20 — a China-specific product designed to comply with US rules. The US Department of Commerce has banned shipments of these chips to Chinese firms, citing concerns about potential military applications.

The move forced NVIDIA to write off US$4.5 billion in H20 inventory, and the company estimates a US$2.5 billion revenue loss in the current quarter as a result. Huang placed the broader impact of the China restrictions at US$15 billion.

“The US$50 billion China market is effectively closed to US industry,” he said in an interview. “We are exploring limited ways to compete, but Hopper is no longer an option. China’s AI moves on with or without US chips.”

While NVIDIA has previously indicated that it could redesign chips to meet evolving US export rules, Huang has become increasingly vocal in his criticism of Washington’s policy direction. Speaking to reporters after NVIDIA’s earnings call, he described the restrictions as a “failure” that will ultimately hurt American companies more than Chinese rivals.

The pressure on NVIDIA intensified further this week, as the Financial Times reported that Trump has instructed US suppliers of chip-design software to halt sales to Chinese firms.

Nonetheless, NVIDIA’s strong earnings, coupled with a federal court ruling blocking some of Trump’s proposed tariffs, have reassured investors. AI-driven demand appears robust enough to offset near-term geopolitical volatility.

For now, the markets have spoken — and they’re betting big on NVIDIA’s future.

“Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation,” Huang emphasized post-earnings.

NVIDIA’s share price spike this week put it on track for its highest close since January, and triggered a broader rally across the semiconductor sector.

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

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Top 5 Canadian Mining Stocks This Week: Adyton Sparkles with 97 Percent Gain
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Top 5 Canadian Mining Stocks This Week: Adyton Sparkles with 97 Percent Gain

by admin

Statistics Canada reported on Friday (May 30) that real gross domestic product (GDP) gained 0.5 percent during the first quarter of 2025. Even on a per capita basis, real GDP posted a strong 0.4 percent increase.

The agency primarily attributed the rise to a 1.6 percent increase in exports during the quarter. The higher export amounts were led by a 16.7 percent growth in passenger vehicle exports and a 12 percent rise in industrial machinery, equipment and parts exports, both of which were driven higher in response to imposed and threatened tariffs from the United States.

On a monthly basis, the GDP registered a 0.1 percent gain in March, following a 0.2 percent contraction in February. The most significant contributor to the rise came from the resource sector, which posted a 2.2 percent increase, with oil and gas gaining 2 percent.

When it came to mining, metal ore mining rose 1.7 percent overall. Copper, nickel, lead and zinc recorded a 2.4 percent gain, while the other metal mining category increased by 16.9 percent. However, a 3.1 percent decline in gold and silver mining hindered overall growth across the subsector.

South of the border, the US Bureau of Economic Analysis (BEA) released its second estimate for first quarter GDP on Thursday (May 29). Its figures indicated that GDP contracted 0.2 percent in the first three months of the year, down significantly from a 2.4 percent gain in the fourth quarter of 2024.

The Bureau attributed the decline to an increase in imports and a decrease in government spending. However, the agency also noted that upturns in investment and exports partially offset the fall during the quarter.

On Friday, the BEA released April’s personal consumption expenditures (PCE) index. The data shows that on an annual basis, all items PCE growth had further slowed to 2.1 percent compared to the 2.3 percent recorded in March. PCE less the volatile food and energy categories also slowed on an annual basis, up 2.5 percent in April compared to 2.7 percent in March.

The PCE is the preferred inflationary measure used by the US Federal Reserve to set its benchmark interest rate, the Federal Funds Rate. The slowing pace is currently in line with the central bank’s 2 percent target goal. Still, with uncertainty surrounding tariffs and US economic policy, most analysts expect the Fed to maintain the rate at the current 4.25 to 4.5 percent range when it next meets on June 18 and 19.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.9 percent during the week to close at 26,175.05 on Friday. However, the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 0.02 percent to 694.40 and the CSE Composite Index (CSE:CSECOMP) shed 3.78 percent to 115.01.

US equities were in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 2.24 percent to close at 5,911.68, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 2.57 percent to 21,340.99 and the Dow Jones Industrial Average (INDEXDJX:.DJI) adding 1.79 percent to 42,270.08.

The gold price was flat this week, posting a loss of just 0.04 percent, to close Friday at US$3,293.21. The silver price was also marginally down, shedding 0.54 percent during the period to US$32.87.

In base metals, the COMEX copper price fell 3.47 percent over the week to US$4.72 per pound, pulling back from its gains seen late last week. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a decline of 1.57 percent to close at 524.66.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Adyton Resources (TSXV:ADY)

Weekly gain: 96.55 percent
Market cap: C$59.79 million
Share price: C$0.285

Adyton Resources is working to advance the Feni Island and Fergusson Island gold projects in Papua New Guinea.

The Feni Island site has seen historic exploration, with 212 holes drilled over 18,813 meters. While limited work has been conducted by Adyton, a 2021 resource estimate shows an inferred resource of 1.46 million ounces of gold. The company has been working to expand its gold resource and explore for copper at greater depths than previous exploration.

While Feni Island has been its primary focus, Adyton has also been working to advance its Fergusson Island project.

The project consists of two advanced exploration licenses for the Wapolu and Gameta targets, which host a combined indicated resource of 173,000 ounces of gold and an inferred resource of 540,000 ounces of gold. The site also hosts a past-producing mine, which was abandoned in the 1990s.

On March 12, Adyton reported that a team from the Papua New Guinea Mineral Resource Authority had visited the Fergusson Island site to familiarize themselves with the project and to provide an approval process for the restart of the mine.

The most recent news from Adyton came on Wednesday (May 28), when it released its first quarter management discussion and analysis. In the report, the company provided a summary of its activities during the first quarter and demonstrated an increase in its balance sheet compared to the previous quarter.

2. Sterling Metals (TSXV:SAG)

Weekly gain: 80.77 percent
Market cap: C$15.15 million
Share price: C$0.47

Sterling Metals is an exploration company working to advance a trio of projects in Canada.

Over the past year, its primary focus has been on exploration at its brownfield Soo copper project in Ontario, which it recently renamed from Copper Road. The 25,000 hectare property hosts two past-producing copper mines and has the potential for larger intrusion-related copper mineralization.

On January 15, Sterling announced results from a 3D induced polarization and resistivity survey that covered an area of 5 kilometers by 3 kilometers and revealed multiple high-priority drill-ready targets. The company intends to use the survey results, along with historical exploration, to inform a drill program at the site.

The company’s other two projects are located in Newfoundland and Labrador. Adeline is a 297 square kilometer district-scale property with sediment-hosted copper and silver mineralization along 44 kilometers of the strike, and Sail Pond is a silver, copper, lead and zinc project that hosts a 16 kilometer long linear soil anomaly and has seen 16,000 meters of drilling.

On Thursday, Sterling announced that the first of four diamond drill holes from the initial drill program at Soo ‘demonstrated a continuous, bulk-tonnage copper-molybdenum-silver-gold target, called the GFP Porphyry.’ The company highlighted a broad, near-surface zone grading 0.28 percent copper equivalent over a length of 482.8 meters, which included an intersection of 0.56 percent copper equivalent over the first 75.2 meters.

3. Grid Battery Metals (TSXV:CELL)

Weekly gain: 58.33 percent
Market cap: C$23.19 million
Share price: C$0.095

Grid Battery Metals is a North America battery metals company with a portfolio of lithium projects in Nevada, US, including the Clayton Valley lithium project. The company also recently acquired the Grid copper-gold project in North-central British Columbia, Canada.

The project consists of 17 claims covering a total land package of 27,525 hectares in the Omineca Mining Division near Fort St. James. Grid announced on March 17 that it had completed the acquisition of the property from former Grid subsidiary AC/DC Battery Metals (TSXV:ACDC) in exchange for 5 million shares in Grid at C$0.05 per share as well as a C$48,172.15 payment for staking costs.

The property has seen minimal exploration, but a technical report for the site included a mineral resource estimate for the neighboring Kwanika-Stardust project owned by Northwest Copper (TSXV:NWST,OTC Pink:NWCCF).

The Kwanika Central Zone hosts measured and indicated resources of 385.7 million pounds of copper, 532,500 ounces of gold and 1.97 million ounces of silver from the open pit area, as well as 410.6 million pounds of copper, 738,000 ounces of gold and 1.9 million ounces of silver from the underground portion.

Shares in Grid saw gains this week, but the company’s most recent project-related news came on May 20, when it announced it had engaged with Hardline Exploration to begin to begin work at the property.

4. EMP Metals (CSE:EMPS)

Weekly gain: 54.17 percent
Market cap: C$40.79 million
Share price: C$0.37

EMP Metals is a lithium exploration and development company working to advance its EMP direct lithium extraction project in Saskatchewan, Canada. The project is composed of three prospective lithium brine properties covering an area of 81,000 hectares.

A February 2024 preliminary economic assessment for the lithium brines in the Viewfield area of Southern Saskatchewan suggests a resource of 130,056 metric tons of lithium in place from a total brine volume of 1.06 billion cubic meters.

The economics of the project indicate an after-tax net present value at a discount rate of 8 percent of C$1.44 billion with an internal rate of return of 45.1 percent over a payout period of 2.4 years.

Shares in EMP gained this past week after it announced on Thursday it entered into a deal with Saltwork Technologies to develop, build and operate a lithium refining demonstration plant at the Viewfield property.

Once complete, the plant will process 10 cubic meters per day of lithium brine into concentrated lithium chloride. Additionally, Saltworks will upgrade its lithium conversion plant in Richmond, British Columbia, to continuously process lithium chloride into lithium carbonate.

5. Mogotes Metals (TSXV:MOG)

Weekly gain: 54.05 percent
Market cap: C$48.46 million
Share price: C$0.285

Mogotes Metals is an explorer working to advance its Filo Sur copper-gold-silver project, which straddles the border between Argentina and Chile in the Vicuña copper district.

The Argentinean portion of the site, representing the bulk of the land package at 8,118 hectares, is the subject of an earn-in agreement with Golden Arrow Resources (TSXV:GRG,OTCQB:GARWF), a member of the Grosso Group.

On March 26, Mogotes announced that it had closed an amended deal that would provide the company with 100 percent ownership of the project. Under the terms of the deal, Mogotes paid Golden Arrow C$550,000 in cash, issued 10.71 million common shares and invested C$450,000 in Golden Arrow via a private placement. The terms also include future commitments.

The company’s most recent news came on May 12, when it announced that the first line of a geophysical survey had identified a large, near surface anomaly located 2.8 kilometers south of Lundin Mining’s (TSX:LUN,OTCQX:LUNMF) Filo Del Sol project.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Charbone Hydrogen Announces Q1 2025 Financial Results
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Charbone Hydrogen Announces Q1 2025 Financial Results

by admin

(TheNewswire)

Brossard, Quebec TheNewswire – May 30, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s sole publicly traded pure-play company focused on green hydrogen production and distribution, today announces its financial and operational results for the three-month period ending March 31, 2025.

All necessary permits for the construction of the Sorel-Tracy facility have been secured, and Hydro-Québec, the provincial energy distributor, is working towards completing the interconnection, keeping the project on schedule for 2025 production.

Q1 2025 HIGHLIGHTS:

  • Negative cash flows from operating activities decreased by 7% to $620,097 in Q1 2025, down from $663,843 in Q1 2024 (activities still tightening general and administrative expenses).

  • Revenue decreased to $5,067 in Q1 2025, down from $81,637 in Q1 2024 (generated from the Wolf River acquisition on December 1, 2022). There is a temporary reduction in services at the dam following an equipment failure, which will be repaired with increased capacity.

  • The Company has closed shares for the management debt settlement of $310,000 and exercises of warrants totaling $293,270 ($10,000 in Q1 2024).

  • The Company announced the signing of a term sheet for a construction capital facility of up to US $50 million; and

Charbone’s disciplined financial management and new strategic partnerships position the company to achieve its vision of becoming a North American leader in green hydrogen and industrial gases distribution networks. These advancements underscore its commitment to being a game-changer in the energy transition.

Management is motivated to continue its efforts to advance and complete the announced project(s) with a lean administrative structure,’ said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE . ‘With the construction capital facility term sheet in place and subject to completing project development activities, CHARBONE now has a partner to deploy and deliver its current project(s) and a growth potential in the short term. ‘


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About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

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