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NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today announced the results of voting at its annual general and special meeting of shareholders held on May 26, 2025 (the ‘Meeting’). The Company also announced that its Board of Directors has approved the grant of equity incentive awards in the form of stock options, restricted share units (‘RSUs’) and deferred share units (‘DSUs’) pursuant to the Company’s Equity Incentive Plan.

Each of the director nominees listed in the Company’s management information circular dated April 23, 2025 (the ‘Circular’) were re-elected as directors of the Company, including Vic Bertrand, Brian Cooper, Alex Latner, Dean Macdonald, Chris McGinnis, Michael Moskowitz, Sylvia Prentice, and Barry Shafran.

The shareholders of the Company approved the re-appointment of KPMG LLP as the auditors of the Company for the ensuing year and authorized the board of directors to fix their remuneration and terms of engagement.

At the Meeting, the shareholders of the Company approved certain amendments to the Company’s omnibus equity compensation plan (the ‘Plan’), in accordance with the TSX Venture Exchange rules and policies. A copy of the Plan is attached as an appendix to the Circular, which is available on the Company’s SEDAR+ profile at www.sedarplus.ca.

Stock Options

The Company has granted options to acquire up to 3,932,500 common shares of the Company to certain of its employees, consultants, and officers. The options have an exercise price of $0.06 per common share and expire in five years. The options vest annually in equal tranches over a period of three (3) years.

RSUs

The Company has granted an aggregate of 6,000,000 RSUs pursuant to the Plan to certain of its employees, consultants, and officers. The RSUs vest annually in equal tranches over a period of three (3) years.

DSUs

The Company has granted an aggregate of 2,454,545 DSUs pursuant to the Plan to non-executive directors of the Company in lieu of cash compensation for their services to date. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be a director of the Company.

The grant of stock options, RSUs and DSUs remain subject to the approval of the TSX Venture Exchange.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the Toronto Stock Venture Exchange under the symbol BET and in the United States on the OTCQB under the symbol NSBBF. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:

Corey Goodman
Chief Development Officer 
647-530-2387
investorrelations@northstargaming.ca

Investor Relations:

RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254120

News Provided by Newsfile via QuoteMedia

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Journalism is expected to race in the $2 million Grade 1 Belmont Stakes race on Saturday, June 7.

The 3-year-old colt is coming off a victory as the odds-on favorite in the Preakness Stakes race on May 17, working his way from along the rail and in the middle of the pack to break free after the final turn and overcoming some bumping from other competitors.

Michael W. McCarthy, Journalism’s trainer, praised the horse by telling the New York Racing Association that ‘he’s a wonderful mover. He gets over the ground very well. He’s got an incredible stride to him.’

Journalism finished the Preakness with a time of 1 minute, 55.47 seconds at Pimlico in Baltimore, Maryland.

The Preakness winner will go against a field that features Sovereignty, the Kentucky Derby winner. Journalism finished in second place in the Kentucky Derby on May 3.

Journalism will be the only horse among the Belmont field that’s competed in all three Triple Crown races. Sovereignty did not compete in the Preakness.

When will the Belmont Stake post position draws be announced?

The Belmont Stakes post position draws will be held on Monday at 5 p.m. ET.

Journalism wins the Preakness Stakes

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The unranked UTSA Roadrunners are moving on in the NCAA baseball tournament after knocking off the No. 2-seeded Texas Longhorns 7-4 at UFCU Disch-Falk Field in the Austin Regional on June 1.

UTSA will play in its first NCAA baseball super regional. The victory led to coach Pat Hallmark leaping into the arms of pitcher Conor Myles after the game as the team began to celebrate.

Norris McClure’s two-run home run in the first inning provided the Roadrunners with an early lead and set the pace for the 7-4 victory over the in-state rival. 

“That was one of the greatest games in baseball that I had ever been a part of,” McClure said on the ESPN broadcast after the game. “We knew we had talent and just had to stay where our feet were.”

UTSA had seven different players score a run in the game. Ty Hodge was responsible for three of those RBIs on two hits. Pitcher Gunnar Brown allowed six hits and one earned run with four strikeouts and two walks in five innings pitched against the Longhorns.

Texas was the second top-two school to get eliminated in its home regional after Wright State beat No. 1 seed Vanderbilt 5-4 on Sunday.

Texas out-hit UTSA 9-8 in the game, including two from Max Belyeu and Rylan Galvan. Belyeu had a two-run home run in the top of the ninth that brought in Galvan and helped the Longhorns cut into the lead, 7-4. As it turns out, those were the last runs of the season for the Longhorns.

The Roadrunners’ win wasn’t a fluke, either. Hallmark’s team won both of the teams’ two prior meetings this season: 8-7 in 12 innings on March 18 and 9-7 on May 31. The latter of those sent Texas to the loser’s bracket in the Austin Regional on June 1.

While the Roadrunners entered the game after having the afternoon off, the Longhorns eliminated Kansas State with a 15-8 win before fighting to keep their season alive.

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By nearly every metric, the Yankees’ Aaron Judge’s offensive performance during the first two months of the 2025 season ranks among the best in baseball history. Whether he can maintain this torrid pace for the next four months could determine if he joins the ranks of the all-time greats. Consider just a few of his numbers:

Batting average: Judge finished May with a .398 batting average – a hit short of topping .400 and 24 points ahead of Dodgers’ Freddie Freeman, who is also having a career year.

Power: Two of every five hits have gone for extra bases, including Judge’s 21 home runs. He finished May just one shy of league leaders Shohei Ohtani and Cal Raleigh. Judge’s slugging percentage, though, is more than 100 points of ahead of Ohtani’s.

On base percentage: Add 38 walks to Judge’s 86 hits, and he’s been on base almost every other time he steps up to the plate.

How Aaron Judge’s 2025 offensive numbers compare to some of MLB’s best

Unable to view our graphics? Click here to see them.

The OPS statistic combines a player’s on-base percentage with his slugging percentage. The sum shows how consistently a player reaches base along with how often the player hits for power – the more bases a player reaches per hit, the higher the slugging percentage.

With exception of his rookie season, Judge’s OPS has been at least 150 points higher than the league average, and his OPS has been trending even higher during the past four seasons. He led the MLB in OPS in 2022 and 2024 – the same years he won the American League MVP award.

Aaron Judge’s OPS continues to club

What the Yankees’ Aaron Judge has accomplished at the plate in the first third of the season would rank among the best seasons ever in MLB history if could maintain this pace. Judge’s 1.268 OPS would trail only the best years in the careers of Babe Ruth, Barry Bonds and Ted Williams – who was also the last to hit .400 that year in 1941.

With more than 100 games left in the season, the long grind could pull Judge’s numbers back down to Earth. Consider some of the other strong starts in the first two months of the season during the past decade.

Players with league-leading OPS in first two months of the MLB season

If you dig a little deeper into Judge’s numbers this season, you see he’s not hitting the ball quite as hard as he has in previous years. According to MLB, his average exit velocity ranks third at 95.4 mph behind the Pirates’ Oneil Cruz and Ohtani. Judge led the league last year with a 96.2 mph average.

So while Judge’s hits are a tick down in velocity, he’s on a pace to set a record for balls hit into the field of play, or batting average on balls in play (BABIP). The MLB average is .290 this season, the lowest since 1992. At .461, Judge’s BABIP is the third-highest in the first 54 games of a season since 1969, behind Jim Edmonds in 2000 and Yasiel Puig in 2013.

Where Judge’s BABIP would rank among best seasons since 1901

In 2024, Judge had one of his more typical slow starts, batting .207 in April. But he ultimately won his second MVP last season, finishing with a .322 average, 1.159 OPS and 58 home runs. His 10.8 WAR was the same he produced in his 62-homer 2022 MVP campaign.

At this pace, it’s not hard to image Judge claiming another American League MVP. He’d join an exclusive club among Yankees three-time MVPs: Joe DiMaggio, Yogi Berra and Mickey Mantle. Consider all the other firsts he vaulted into by the end of May:

Hitting categories where Aaron Judge ranks first in the American League

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PARIS — Second seed Coco Gauff brushed aside Russian Ekaterina Alexandrova 6-0 7-5 on Monday to move into the French Open quarterfinals and stay on course for her first title in Paris.

The American world No. 2 must have thought she would have an easy morning session after powering through the first set in sensational fashion but the Russian bounced back in the second to test her opponent.

‘The whole match I played well. She stepped up her game in the second set. Overall I thought I played great,’ Gauff said.

‘I move well on clay, really comfortable with sliding and moving on the surface. The most physical surface for sure and I do well in that department.’

Hunting her first French Open crown after reaching the final in 2022 and semifinals last year, the 21-year-old started fast, earning three consecutive breaks for a 5-0 lead in 15 minutes.

Gauff was running her opponent ragged across the baseline, with the 30-year-old Alexandrova, bidding to reach her first Grand Slam quarterfinal, earning a mere five points until that stage.

Gauff, who has now won four of five meetings against Alexandrova, gave away five break points in the next game but still secured her first bagel of the tournament before the Russian got on the scoreboard at the start of the second set with her first hold.

Unforced errors started creeping into Gauff’s game as Alexandrova put up stronger resistance.

Gauff, the youngest American player to have reached at least the fourth round at seven consecutive Grand Slams since Venus Williams between 1997-1999, broke Alexandrova at 3-3.

But the Russian broke straight back and went up 5-4, with Gauff clearly rattled and double-faulting twice before holding to level.

The second seed kept her composure, broke Alexandrova and wrapped up the match on her serve. She will next face the winner of the all-American fourth-round clash between Madison Keys and Hailey Baptiste.

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Major League Soccer players want more money for participating in the FIFA Club World Cup later this month, but say they have received pushback from the league in their efforts. 

Three MLS clubs — Seattle, Lionel Messi’s Inter Miami and Los Angeles FC — will represent the league in the tournament, which begins June 14 and will be hosted in the United States. 

FIFA’s Club World Cup boasts a $1 billion prize pool — $475 million disbursed based on performance, and $525 million given to participating teams. The winner will take home at least $125 million. The MLS teams will make at least $9.5 million just for participating, while wins during each stage of the tournament will only drive up the possible earnings.

However, MLS players earn 50 percent of money earned from outside tournaments — capped at $1 million, according to the league’s collective bargaining agreement. 

The MLS Players Association released a statement shortly after the Sounders players display.

“The MLSPA and all MLS players stand united with the Seattle Sounders players who tonight demanded a fair share of the FIFA Club World Cup prize money,” the statement read. 

“FIFA’s new tournament piles on to players’ ever-increasing workload without regard to their physical well-being. In order to seize this additional calendar territory, FIFA had to commit historic amounts of prize money to secure club and player participation. As a result, MLS will receive an unprecedented financial windfall.

“Despite this windfall, the league has refused to allocate a fair percentage of those funds to the players themselves.

“For months, the players have privately and respectfully invited the league to discuss bonus terms, yet MLS has failed to bring forward a reasonable proposal. Instead of recognizing the players who have brought MLS to the global stage, the league – which routinely asks the (player association) to deviate from the (collective bargaining agreement) – is clinging to an out-of-date CBA provision and ignoring longstanding international standards on what players typically receive from FIFA prize money in global competitions.

“It is the players who make the game possible. It is the players who are lifting MLS up on the global stage. They expect to be treated fairly and with respect.”

Messi and Inter Miami will play in the Club World Cup opener against Egyptian club Al Alhy on June 14 in Miami. Inter Miami will also play FC Porto (Portugal) on June 19 in Atlanta, and SE Palmeiras (Brazil) on June 23 in the group stage.

The Sounders will play all three of their group stage matches at home in Lumen Field in Seattle. They’ll face Botafogo (Brazil) on June 15, Atletico Madrid (Spain) on June 19, then Paris Saint-Germain (France) on June 23.

LAFC became the last team to enter the Club World Cup after a thrilling 2-1 win against Liga MX standouts Club America on Saturday night. They will face Chelsea (England) in Atlanta on June 16, Espérance (Tunisia) in Nashville on June 20 and CR Flamengo (Brazil) in Orlando on June 24 during the group stage.

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Over the past five sessions, the Indian equity markets headed nowhere and continued consolidating in a defined range. In the previous weekly note, it was categorically expected that the markets might stay devoid of any directional bias unless they either take out the upper edge or violate the lower edge of the consolidation zone. In line with the analysis, the Nifty oscillated in a 401.90-point range over the past five days. The volatility also retraced; the India Vix came off by 6.95% to 16.08 on a weekly basis. While staying absolutely range-bound, the headline index Nifty 50 closed with a minor weekly loss of 102.45 points (-0.41%).

As we step into the new week, the markets find themselves in a defined trading range, more toward the edge of the pattern support on the weekly chart. The Nifty appears to continue being in a well-defined trading range between 25100 and 24500 levels. This also implies that a directional trend would emerge only if the Nifty takes out 25100 convincingly or ends up violating the 24500 level. Unless either of these two things happens, the markets will remain devoid of directional bias and will continue staying in this defined range. The present technical structure makes it even more important to maintain a steadfast focus on protecting profits at higher levels and the rotation of sectors where a likely leadership change is visible.

The coming week is expected to see the levels of 25000 and 25175 acting as resistance points. The supports come in at 24500 and 24380 levels.

The weekly RSI is at 59.02; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line.

The pattern analysis shows that after forming the most recent swing high at 25116, the Nifty has resisted this level for two subsequent weeks. This makes the level of 25100-25150 an important hurdle for the Nifty. Secondly, the Index has closed just at the support of an upward rising trendline; if this gets violated, the markets may see some more corrective retracement. Overall, the zone of 24500-24600 remains a crucial support area for the markets.

While the Nifty stays in the 25100-24500 zone and consolidates, focusing on protecting profits at higher levels would be wise. While the market keeps its underlying trend intact, it continues to remain prone to some extended corrective retracement until the levels of 25100 are taken out on the upside convincingly. During this phase, it makes more sense to keep leveraged exposures at modest levels and stay highly selective in making fresh purchases. While limiting the purchases to favorably rotating sectors, a cautious outlook is recommended for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that the Nifty PSU Bank Index is the only Index inside the leading quadrant that continues to improve its relative momentum against the broader markets. The other sectors present inside the leading quadrant are PSE, Infrastructure, Consumption, and FMCG, and these groups show continued paring of relative momentum against the broader markets.

The Nifty Commodities and the Nifty Bank Index have rolled inside the weakening quadrant. The Financial Services and the Services sector Indices are also inside the weakening quadrant.

The Nifty Metal Index has rolled inside the lagging quadrant. It is likely to relatively underperform along with the Pharma Index which also continues to languish inside this quadrant. The IT Index is also inside the lagging quadrant, but is seen sharply improving its relative momentum against the broader markets.

The Realty, Media, Energy, Midcap 100, and Auto Indices are inside the improving quadrant. They are likely to continue improving their relative performance against the broader Nifty 500 Index.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

Indiana Pacers forward Pascal Siakam has another trophy for his mantle The Larry Bird Trophy.

Siakam was named the Eastern Conference Finals MVP after the Pacers downed the New York Knicks, 125-108, in Indianapolis on Saturday to clinch the series 4-2 and punch their ticket to the NBA Finals for the first time since 2000.

‘Shout out Indy, man. It’s been such an amazing experience for me so far from the first day I landed here. The love has been amazing,’ Siakam said after winning the award, which was presented by Pacers Hall of Famer Reggie Miller. ‘After a bad Game 5, I wanted to bounce back. I have 100% belief in my teammates. Whenever we are down, we always find a way and we did that tonight.’

After being held to 15 points in the Pacers’ Game 5 loss, Siakam dropped a game-high 31 points in Saturday’s win, shooting 10-of-18 from the field, 3-of-5 from three and 8-of-11 from the free throw line. He also added 5 rebounds, three assists, three blocks and one steal. Through six games in the Eastern Conference Finals against the Knicks, Siakam averaged 23.6 points, 5.0 rebounds and 3.6 assists.

GAME 6 HIGHLIGHTS: Indiana earns first NBA Finals bid since 2000 with win over Knicks

‘Our two stars, Tyrese Haliburton and Pascal Siakam, put our team on their backs and just decided that we were not going to lose this game today,’ Pacers head coach Rick Carlisle said postgame.

Haliburton finished the night with 21 points, 13 assists and six rebounds. He averaged 21.0 points, 10.5 assists and 6.0 rebounds through six games in the Eastern Conference Finals.

The Pacers advance to face the Oklahoma City Thunder in the NBA Finals, which tips off with Game 1 on Thursday.

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The NASCAR Cup Series made its debut at the Nashville Superspeedway in 2021 after the circuit didn’t come through the city for nearly 40 years, and the venue has quickly entrenched itself as a compelling annual stop again.

NASCAR returns to the Nashville, Tennessee area for the fifth-straight year with the Cracker Barrel 400 scheduled for Sunday night. The stakes keep growing now that the 2025 NASCAR season is officially past its halfway point and the standings remain mostly bunched together with only 12 races remaining before the playoffs begin. After an exciting Coca-Cola 600 in which Ross Chastain surged past William Byron late for his first win of 2025, the brief history of the Cracker Barrel 400 suggests more action is on the way.

Last year’s race at Nashville Superspeedway featured a record number of overtime restarts and 31 extra laps. Joey Logano emerged as the winner and it eventually led to his third series championship last fall. Chastain won the 2023 NASCAR race in Nashville and Kyle Larson, after attempting to race in both the Indy 500 and Coca-Cola 600 last week, is the only driver in the Cracker Barrel 400 field with top-10 finishes in all four previous NASCAR Cup Series races at Nashville Superspeedway.

Here’s all the information you need to get ready for Sunday’s race:

What time does the NASCAR Cracker Barrel 400 start?

The Cracker Barrel 400 is scheduled to start at 7 p.m. ET Sunday at Nashville Superspeedway in Lebanon, Tennessee.

What TV channel is the NASCAR Cracker Barrel 400 on?

There is no national television broadcast for Sunday’s race. Amazon Prime Video is streaming the 2025 Cracker Barrel 400, the second of five consecutive NASCAR Cup Series races on the app.

Will there be a live stream of the Cracker Barrel 400?

The race can be live streamed on Amazon Prime Video.

How many laps is the Cracker Barrel 400?

NASCAR’s only race at Nashville Superspeedway this season will feature 300 laps around the 1.33-mile track, which works out to about 399 miles total. The race will be broken into three stages — Stage 1: 90 laps; Stage 2: 95 laps; Stage 3: 115 laps.

Who won the Cracker Barrel 400 last year?

Joey Logano got his first win of the 2024 season and secured a spot in the NASCAR Cup Series playoffs after a record five overtime restarts at NASCAR’s Nashville race, which was called the Ally 400 last year.

What is the lineup for the NASCAR Cracker Barrel 400?

(Car number in parentheses)

  1. (19) Chase Briscoe, Toyota
  2. (11) Denny Hamlin, Toyota
  3. (24) William Byron, Chevrolet
  4. (45) Tyler Reddick, Toyota
  5. (1) Ross Chastain, Chevrolet
  6. (6) Brad Keselowski, Ford
  7. (20) Christopher Bell, Toyota
  8. (71) Michael McDowell, Chevrolet
  9. (22) Joey Logano, Ford
  10. (17) Chris Buescher, Ford
  11. (9) Chase Elliott, Chevrolet
  12. (23) Bubba Wallace, Toyota
  13. (47) Ricky Stenhouse Jr., Chevrolet
  14. (43) Erik Jones, Toyota
  15. (12) Ryan Blaney, Ford
  16. (2) Austin Cindric, Ford
  17. (16) AJ Allmendinger, Chevrolet
  18. (7) Justin Haley, Chevrolet
  19. (60) Ryan Preece, Ford
  20. (21) Josh Berry, Ford
  21. (3) Austin Dillon, Chevrolet
  22. (54) Ty Gibbs, Toyota
  23. (88) Shane Van Gisbergen, Chevrolet
  24. (48) Alex Bowman, Chevrolet
  25. (8) Kyle Busch, Chevrolet
  26. (77) Carson Hocevar, Chevrolet
  27. (38) Zane Smith, Ford
  28. (5) Kyle Larson, Chevrolet
  29. (41) Cole Custer, Ford
  30. (4) Noah Gragson, Ford
  31. (10) Ty Dillon, Chevrolet
  32. (99) Daniel Suarez, Chevrolet
  33. (67) Corey Heim, Toyota
  34. (51) Cody Ware, Ford
  35. (34) Todd Gilliland, Ford
  36. (42) John Hunter Nemechek, Toyota
  37. (35) Riley Herbst, Toyota
  38. (44) JJ Yeley, Chevrolet
  39. (66) Chad Finchum, Ford
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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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