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Apple sued by shareholders who allege it overstated AI progress

Editor's pick 2 Mins Read

Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price.

The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements for its products but kept AI changes modest.

Apple did not immediately respond to requests for comment.

CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court.

Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features and could not reasonably believe the features would ever be ready for iPhone 16s.

Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026 and continued through this year’s Worldwide Developers Conference on June 9 when Apple’s assessment of its AI progress disappointed analysts.

Apple shares have lost nearly one-fourth of their value since their Dec. 26, 2024 ,record high, wiping out approximately $900 billion of market value.

This post appeared first on NBC NEWS

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Editor's pick

Walmart to pay $10 million to settle lawsuit over money transfer fraud

Editor's pick 2 Mins Read

Walmart has agreed to pay $10 million to settle a Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars.

The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah.

Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud.

“Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it’s sent, it’s gone for good,” said Christopher Mufarrige, director of the FTC consumer protection bureau. “Companies that provide these services must train their employees to comply with the law and work to protect consumers.”

The Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart did not immediately respond to requests for comment.

In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores.

Walmart acts as an agent for money transfers by companies such as MoneyGram and Western Union. Money can be hard to trace once delivered.

The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings.

Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday’s settlement would end the appeal.

This post appeared first on NBC NEWS

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Sport

NASCAR reveals seeds, matchups for In-Season Challenge: Key information

Sport 6 Mins Read

The NASCAR Cup Series is set to debut its inaugural In-Season Challenge, in which 32 drivers are seeded and bracketed into a tournament, like March Madness or a tennis draw.

The In-Season Challenge, which will run for five weeks, is actually a series of individual races within five larger races. The drivers will not only be competing to win the weekly race as they normally would, but they will also be facing off in head-to-head matchups with the goal of finishing better than their opponent in the race and advancing to the next round.

The drivers were seeded based on their finishes at three previous races – at Michigan, Mexico City and Pocono – with the bracket placing the top two seeds on opposite halves of the draw. That means if the tournament holds to form, the No. 1 and No. 2 seeds would not meet up until the final, presuming they both advanced through each round.

The winner of the inaugural In-Season Challenge will take home $1 million.

The first round begins Saturday, June 28 at Echo Park Speedway (formerly Atlanta Motor Speedway) and features 16 head-to-head matchups among the 32 drivers. Beat your head-to-head opponent and you advance to the second round. Sixteen drivers will be eliminated after the first round.

Does that sound complicated? If so, we have you covered with the list of seeds, how the rounds work, every first-round matchup and where and when each of the five In-Season Challenge races will take place.

NASCAR In-Season Challenge seedings

  1. Denny Hamlin, No. 11 Joe Gibbs Racing Toyota
  2. Chase Briscoe, No. 19 Joe Gibbs Racing Toyota
  3. Chris Buescher, No. 17 RFK Racing Ford
  4. Christopher Bell, No. 20 Joe Gibbs Racing Toyota
  5. Chase Elliott, No. 9 Hendrick Motorsports Chevrolet
  6. Ty Gibbs, No. 54 Joe Gibbs Racing Toyota
  7. Ryan Blaney, No. 12 Team Penske Ford
  8. Alex Bowman, No. 48 Hendrick Motorsports Chevrolet
  9. Bubba Wallace, No. 23 23XI Racing Toyota
  10. Kyle Larson, No. 5 Hendrick Motorsports Chevrolet
  11. Michael McDowell, No. 71 Spire Motorsports Chevrolet
  12. John Hunter Nemechek, No. 42 Legacy Motor Club Toyota
  13. Ross Chastain, No. 1 Trackhouse Racing Chevrolet
  14. Zane Smith, No. 38 Front Row Motorsports Ford
  15. Ryan Preece, No. 60 RFK Racing Ford
  16. Kyle Busch, No. 8 Richard Childress Racing Chevrolet
  17. Brad Keselowski, No. 6 RFK Racing Ford
  18. William Byron, No. 24 Hendrick Motorsports Chevrolet
  19. Austin Cindric, No. 2 Team Penske Ford
  20. Erik Jones, No. 43 Legacy Motor Club Toyota
  21. Josh Berry, No. 21 Wood Brothers Racing Ford
  22. AJ Allmendinger, No. 16 Kaulig Racing Chevrolet
  23. Tyler Reddick, No. 45 23XI Racing Toyota
  24. Daniel Suarez, No. 99 Trackhouse Racing Chevrolet
  25. Joey Logano, No. 22 Team Penske Ford
  26. Carson Hocevar, No. 77 Spire Motorsports Chevrolet
  27. Justin Haley, No. 7 Spire Motorsports Chevrolet
  28. Austin Dillon, No. 3 Richard Childress Racing Chevrolet
  29. Ricky Stenhouse Jr., No. 47 Hyak Motorsports Chevrolet
  30. Todd Gilliland, No. 34 Front Row Motorsports Ford
  31. Noah Gragson, No. 4 Front Row Motorsports Ford
  32. Ty Dillon, No. 10 Kaulig Racing Chevrolet

NASCAR In-Season Challenge matchups, rounds

The NASCAR In-Season Challenge puts the 32 drivers in a bracket, which begins with 16 first-round matchups.

The No. 1 seed faces the No. 32 seed in the first round, the No. 2 seed takes on the No. 31 seed, No. 3 matches up with the. No. 30 seed, etc. The losers of the head-to-head matchups will be eliminated, and the 16 winners will advance to the second round, where the winner of the No. 1 vs. No. 32 matchup will face the winner of the No. 16 vs. No. 17 matchup, the winner of the No. 2 vs. No. 31 matchup takes on the winner of the No. 15 vs. No. 18 matchup, etc.

Like March Madness, the tournament will move from a Round of 32 to a Sweet 16 to an Elite Eight to a Final Four and finally a championship race.

  • First round: 32 drivers in 16 head-to-head matchups; 16 drivers eliminated at end of race.
  • Second round: 16 drivers in eight head-to-head matchups; eight drivers eliminated at end of race.
  • Third round: Eight drivers in four head-to-head matchups; four drivers eliminated at end of race.
  • Fourth round: Four drivers in two head-to-head matchups; two drivers eliminated at end of race.
  • Fifth round: Two drivers in a head-to-head matchup; winner wins the in-season challenge.

TOURNAMENT: Full visual NASCAR In-Season Challenge bracket

NASCAR In-Season Challenge first-round pairings

Here are the pairings for the first-round race at Echo Park Speedway (formerly Atlanta Motor Speedway) on Saturday, June 28. The winner of each head-to-head matchup advances to the next round.

Top half of draw

  • No. 1 Denny Hamlin vs. No. 32 Ty Dillon
  • No. 16 Kyle Busch vs. No. 17 Brad Keselowski
  • No. 8 Alex Bowman vs. No. 25 Joey Logano
  • No. 9 Bubba Wallace vs. No. 24 Daniel Suarez
  • No. 12 John Hunter Nemechek vs. No. 21 Josh Berry
  • No. 5 Chase Elliott vs. No. 28 Austin Dillon
  • No. 13 Ross Chastain vs. No. 20 Erik Jones
  • No. 4 Christopher Bell vs. No. 29 Ricky Stenhouse Jr.

Bottom half of draw

  • No. 2 Chase Briscoe vs. No. 31 Noah Gragson
  • No. 15 Ryan Preece vs. No. 18 William Byron
  • No. 7 Ryan Blaney vs. No. 26 Carson Hocevar
  • No. 10 Kyle Larson vs. No. 23 Tyler Reddick
  • No. 11 Michael McDowell vs. No. 22 AJ Allmendinger
  • No. 6 Ty Gibbs vs. No. 27 Justin Haley
  • No. 14 Zane Smith vs. No. 19 Austin Cindric
  • No. 3 Chris Buescher vs. No. 30 Todd Gilliland

NASCAR In-Season Challenge races

All times Eastern

Round 1 — 32 drivers

  • Echo Park Speedway (formerly Atlanta Motor Speedway)
  • Saturday, June 28 | 7 p.m. | TNT, truTV altcast

Round 2 — 16 drivers

  • Chicago street race
  • Sunday, July 6 | 2 p.m. | TNT, truTV altcast

Round 3 — 8 drivers

  • Sonoma Raceway
  • Sunday, July 13 | 3:30 p.m. | TNT, truTV altcast

Round 4 — 4 drivers

  • Dover Motor Speedway
  • Sunday, July 20 | 2 p.m. | TNT, truTV altcast

Round 5 championship — 2 drivers

  • Indianapolis Motor Speedway
  • Sunday, July 27 | 2 p.m. | TNT, truTV altcast

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

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Stock

Lagging Mid-cap ETF Hits Moment of Truth

Stock 3 Mins Read

The S&P MidCap 400 SPDR (MDY) is trading at a moment of truth as its 5-day SMA returns to the 200-day SMA. A bearish trend signal triggered in early March. Despite a strong bounce from early April to mid May, this signal remains in force because it has yet to be proven otherwise. Today’s report will show how to quantify signals and reduce whipsaws using the percentage difference between two SMAs.

First note that MDY is lagging SPY and QQQ because its 5-day has yet to cross above its 200-day. The latter two saw bullish crosses in mid May, over a month ago. A bullish breakout in MDY would reflect broadening upside participation, which would be bullish for stocks. The PerfChart below shows SPY and QQQ with year-to-date gains. MDY and IWM are down year-to-date. 

 

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TrendInvestorPro continues to follow the leading uptrends and recent breakouts in metals-related ETFs. These include gold, silver, palladium, platinum, copper and associated miners. Tech-related ETFs are also leading and featured in our reports/videos. Click here to learn more and get full access to our research.

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The chart below shows MDY hitting its moment of truth as the 5-day SMA (black line) bumps against the underside of the 200-day SMA (blue line). A bearish cross occurred in late February and this signal has yet to be reversed. However, I am not watching for a simple 5/200 cross. Instead, I want to see the 5-day SMA clear the 200-day SMA by a certain percentage. This is a signal threshold.

The indicator window shows Percent above MA (5,200,1), which measures the percentage difference between the 5 and 200 day SMAs. See the TIP Indicator Edge Plugin for details. I placed signal thresholds at +3% and -3% to reduce whipsaws. A bullish signal triggers with a move above +3% and a bearish signal triggers with a move below -3%. At the very least, this indicator value is still negative and bearish. A move above 0 would reflect a positive 5/200 cross, while a move above +3% would trigger a bullish trend signal. This indicator is part of the TIP Indicator Edge Plugin for StockCharts ACP.

The signal threshold levels depend on your personal preferences and trading styles. Tighter thresholds generate earlier signals, but with more whipsaws. Wider thresholds reduce whipsaws, but increase signal lag. This is always the tradeoff. I prefer plus/minus 1 percent when using the 5/200 cross for SPY. I widened these thresholds to plus/minus 3 percent for MDY because it is more volatile.

TrendInvestorPro continues to follow the leading uptrends and recent breakouts in metals-related ETFs. These include gold, silver, palladium, platinum, copper and associated miners. Tech-related ETFs are also leading and featured in our reports/videos. Click here to learn more and gain immediate access. 

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Stock

US Strikes Iran: What Comes Next For Stocks?

Stock 1 Min Read

In today’s “Weekly Market Recap”, EarningsBeats.com’s Chief Market Strategist Tom Bowley looks ahead to determine the likely path for U.S. equities after the weekend bombing of Iran nuclear sites. Are crude prices heading higher? Will energy stocks outperform? What additional roadblocks might we have to negotiate after the latest Fed meeting and policy statement? Could we see fallout from June monthly options expiring on Friday? Check it all out in the video below….

Happy trading!

Tom

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Investing

Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

Investing 6 Mins Read

(TheNewswire)

June 23, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (the ‘ Company ‘) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has entered into a credit agreement with its toll milling partner, Nicola Mining Inc . providing the Company with a $2 million line of credit without any security against the Company’s mineral property or physical assets.

The facility, which carries a competitive interest rate linked to the 3-month SOFR (Secured Overnight Financing Rate), is repayable over a 12-month term with interest-only payments during the first eleven months. At the Company’s discretion, the loan can be extended for an additional 12 months, with adjusted terms.

Importantly, the loan is structured to allow maximum operational flexibility , with no requirement for project collateralization — underscoring Nicola’s confidence in the Dome Mountain Gold Project and its near-term production trajectory.

‘We’re extremely pleased to have the continued support of Nicola Mining, not only as our toll milling partner but also as a continued financial backer,’ said Rana Vig , President and CEO of Blue Lagoon. ‘This line of credit adds an extra layer of security to our already strong balance sheet and gives us added flexibility as we finalize preparations for gold production this summer. It’s a clear sign that sophisticated investors recognize the value of Dome Mountain and its cash flow potential.’

This agreement comes on the heels of Blue Lagoon’s recently completed financing, which was fully subscribed by long time existing shareholders that included Crescat Capital and Phoenix Gold fund as well as new strategic investors. The Company remains fully funded , with no short-term debt and over $3.6 million in in-the-money warrants , positioning it strongly as it enters the final phase of development.

While the Company may ultimately never need to draw on this facility, having access to it provides an important financial backstop. It ensures capital is available if needed to support production ramp-up, seize opportunity, or manage any unforeseen short-term needs – all without causing further dilution to existing shareholders.

Peter Espig , President and CEO of Nicola Mining, commented: ‘We’ve worked closely with the Blue Lagoon team for some time and continue to be impressed by their methodical and disciplined approach. Successfully navigating B.C.’s rigorous permitting process, while also building a strong, trust-based relationship with the Lake Babine Nation, speaks volumes about their leadership. We are pleased to provide this credit facility and look forward to supporting their transition to gold and silver production.’

If the Company chooses to access this facility, Nicola Mining will maintain a short-term security interest over the Company’s gold and silver production from the Dome Mountain Gold Project until the loan is repaid in full.

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.

For further information, please contact:

Rana Vig

President and CEO

Telephone: 604-218-4766

Email: ranavig@bluelagoonresources.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to

differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions.  Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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Investing

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Investing 5 Mins Read

Canada’s tech sector saw momentum this week, with announcements spanning venture capital and quantum computing, as well as global policy leadership news out of the G7 summit.

Axl on a mission to retain Canadian innovation

On Tuesday (June 17), Axl, a newly founded Canadian venture studio, announced plans to help launch 50 artificial intelligence (AI) companies in Canada over the next five years, supported by a C$15 million fund led by co-founder Daniel Wigdor, a computer science professor at the University of Toronto.

The venture’s other founders are Tovi Grossman, another University of Toronto professor, entrepreneur Ray Sharma and former Telus (TSX:T,NYSE:TU) executive David Sharma. Mining magnate Rob McEwen of McEwen Mining (TSX:MUX,NYSE:MUX) and Smart Technologies co-founder David Martin are also investors.

According to Wigdor, Axl will tackle practical business problems and connect them with promising academic research in a bid to keep Canadian innovation at home. “The social contract academics believe we have with society is that we invent these technologies and inspire people,” he told the Globe and Mail on Tuesday. “The tragedy is that the foundational technologies we’re inventing in Canada are not accruing capital for Canada.’

Wigdor pointed to his own career as a cautionary tale, explaining that the iPhone’s multi-touch interface was presaged by research he conducted in the early 2000s for his University of Toronto thesis, which itself built on concepts pioneered by University of Toronto professor Bill Buxton in the 1980s.

Other University of Toronto AI breakthroughs fueled the international rise of figures like Geoffrey Hinton, OpenAI co-founder Ilya Sutskever and xAI’s Jimmy Ba, all of whom took their expertise to US-based companies.

Carney talks tech leadership at G7 summit

Initiatives like Axl’s signal a proactive approach to Canada’s challenge of retaining tech talent and capitalizing on its world-class research; however, its success will hinge on broader public support.

Prime Minister Mark Carney has signaled that fostering tech innovation at home is a priority. He told G7 leaders that driving the digital transition, led by AI and quantum computing, would be one of his top goals at the summit.

Quantum technology was reportedly discussed at length during the two day meeting, which took place in Kananaskis, Alberta. In addition, a joint statement from members released by the prime minister’s office indicates that Canada will launch the G7 GovAI Grand Challenge and host a series of Rapid Solution Labs “to develop innovative and scalable solutions to the barriers we face in adopting AI in the public sector.”

That emphasis echoes longstanding concerns from the research community.

A 2024 letter acquired by the Logic and sent to then-innovation minister François-Philippe Champagne by the Quantum Advisory Council cites the significant sums that other countries have invested in quantum technology.

“The cost of inaction is tremendous,” the group wrote at the time, pointing to Canada’s history of “inventing core technologies,” but letting other countries “grow industries around our inventions.”

The council proposed a C$1 billion program that would mirror the Quantum Benchmarking Initiative (QBI), which fosters domestic quantum computing in the US. The QBI has selected 18 companies for its first phase, including three from Canada; firms that demonstrate the ability to build a functional quantum computer by 2033 will be eligible to receive up to US$316 million, making it a potential “kingmaker” program.

The second phase of the program is set to launch in August 2025. While no relocation demands have been made, concerns exist that later-stage QBI terms could force Canadian winners to the US.

The Quantum Advisory Council said its proposed program would be run by the National Research Council, which would independently assess firms to accelerate the development of competitive domestic quantum companies.

It would build on a C$360 million national quantum strategy announced in April 2021.

The council’s recommendations include increased grants for scientific and social science research into quantum technologies, and a new federal clusters program to foster regional quantum ecosystems encompassing research, development and training, alongside ethical and secure use. It also calls for significant investment in quantum-safe software certification and the development of other security systems.

In a speech at the Quantum Now conference in Montreal on Thursday (June 19), Canada’s AI minister, Evan Solomon, emphasized the need to protect Canada’s talent pipeline. “We cannot allow short-term funding opportunities to hollow out our domestic capabilities or transfer generations of Canadian innovation outside our borders,” he said.

Earlier this month, the minister said he would move away from “over-indexing on warnings and regulation” and instead focus on finding ways to unleash the economic potential of AI. The ongoing collaboration between government initiatives and private ventures will be key to unlocking Canada’s full potential in the new digital era.

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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Investing

Thick zones of HM mineralisation observed across Douala HM Project

Investing 3 Mins Read

DY6 Metals Ltd (ASX: DY6, “DY6” or the “Company”) is pleased to announce the initial visual estimations from the reconnaissance exploration program at the Douala Basin HMS Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground- truthing. The reconnaissance programme, which consisted of hand auger and channel sampling, was successful in identifying high estimated concentrations of heavy mineral (HM) mineralisation across all the six tenements that make up the project. Additionally, the Company’s consultants have observed the presence of natural rutile grains within panned concentrates.

HIGHLIGHTS

  • The Company’s reconnaissance auger and channel sampling programme has been completed at the Douala Basin HMS Project
  • Reconnaissance sampling undertaken across the 6 Douala Basin tenements has identified thick zones of high estimated concentrations of heavy minerals (HM) as well as natural rutile
  • Work at the Douala Basin Project followed up on historical HM occurrences identified by previous Eramet drilling, as well as priority areas identified through the Company’s internal reviews
  • Samples collected from the reconnaissance program are due to be submitted for laboratory analysis in the coming weeks, with results expected in the September quarter
  • At Douala Basin, exploration will transition to a detailed campaign of auger drilling

Samples collected from this initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in the September quarter.

Technical Consultant, Cliff Fitzhenry, commented:“While the Company’s primary focus is on the Central Rutile Project, where we have recently reported the presence of wide-spread residual natural rutile mineralisation, we believe that the Douala Basin HMS project has significant potential. The reconnaissance programme has over the last few weeks demonstrated the potential of the area, with the identification of high concentrations of visible heavy mineral sands across the project tenements through a mixture of auger, channel, and soil sampling work. Pleasingly, we have also observed natural rutile grains at Douala Basin.

We look forward to the assay results of the reconnaissance programme in the coming months.”

Reconnaissance exploration at the Douala Basin HMS Project

As announced on 5 June 2025, the Company commenced reconnaissance auger and grab sampling programmes at the Central Rutile and Douala Basin HMS projects, Cameroon. At the Douala Basin project, the Company has completed 12 hand auger drill holes (refer Figure 1), collecting 53 samples in the process, as well as collected 38 channel samples from 11 surfaces for analysis (refer Tables 1 & 2).

Cautionary Statement:

The Company cautions that, with respect to any visual mineralisation indicators, visual observations and estimates of mineral abundance are uncertain in nature and should not be taken as a substitute or proxy for appropriate laboratory analysis. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results from the drilling and sampling programmes will be required to understand the grade and extent of mineralisation. Initial assay results are expected in August 2025.

Click here for the full ASX Release

This post appeared first on investingnews.com

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Sport

Report: Tyrese Haliburton injured Achilles in NBA Finals Game 7

Sport 3 Mins Read
  • Indiana Pacers star Tyrese Haliburton suffered an Achilles injury in Game 7 of the 2025 NBA Finals, according to his father.
  • Haliburton’s dad, John Haliburton, told ESPN that the injury will sideline him for the remainder of Game 7 vs. the Oklahoma City Thunder.

Clarity is coming after Tyrese Haliburton suffered what appeared to be an excruciating injury in Game 7 of the 2025 NBA Finals.

John Haliburton, the father of the Indiana Pacers star, told ESPN his son suffered an Achilles injury in the first quarter of the winner-take-all game against the Thunder on Sunday, June 22, in Oklahoma City.

‘What happened with Tyrese, all of our hearts dropped,’ Pacers coach Rick Carlisle said. ‘He will be back. I don’t have any medical information about what may or may not have happened, but he’ll be back in time, and I believe he’ll make a full recovery.’

Tyrese Haliburton’s Achilles injury update

Haliburton showed signs of visible pain and frustration while he was down on the court with 5:02 left in the quarter. He went down after catching a pass from Obi Toppin and attempting to make a move with the ball past Shai Gilgeous-Alexander.

‘Mr. Haliburton confirmed that it is an Achilles injury,’ sideline reporter Lisa Salters said on the ESPN broadcast. ‘He said Tyrese was doing as well as he can be under the circumstances. He says the entire family was back (in the locker room) with him, his mom, his dad, his brother.

Haliburton suffered a right calf injury in Game 5 of the best-of-seven series and was questionable for Game 6 but managed to play in the game. Haliburton was deemed healthy enough to play in Game 7.

After suffering the injury, Haliburton was seen being embraced by teammates on the court before he was helped back to the locker room with a towel over his head. He did not return to the game.

The Pacers rallied in the first half and led the Thunder 48-47 at the break. Haliburton had nine points in seven minutes of play in the first quarter.

‘He says that he seems to be in good spirits,’ Salters said on the broadcast. ‘He’s watching the game, and he’s trying to root on his team from back in the locker room.’

The Pacers couldn’t overcome the loss of Haliburton and struggled to take advantage of their halftime lead in the second half, eventually losing Game 7 to the Thunder 103-91.

This post appeared first on USA TODAY

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Sport

Watch Tyrese Haliburton greet teammates after Pacers’ Game 7 loss

Sport 1 Min Read

Tyrese Haliburton and the Indiana Pacers fell short of their quest for an NBA championship after losing Game 7 of the NBA Finals against the Oklahoma City Thunder.

Haliburton did not return to the bench after the injury but did watch the rest of the game in the locker room. The Pacers’ star was seen on crutches after the conclusion of the game, greeting his teammates as they made their way back to the locker room.

This post appeared first on USA TODAY

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