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Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Investing 4 Mins Read

Hempalta Corp. (TSXV: HEMP) (‘Hempalta’ or the ‘Company’), a Canadian-based provider of nature-based carbon credit solutions, today issued a corporate update outlining recent developments in its strategic transition.

Equipment Sale Update

On May 22, 2025, Hempalta announced its wholly owned subsidiary, Hempalta Processing Inc. (‘HPI’), had entered into a US$1.15 million agreement to sell its hemp processing and biochar equipment (the ‘Transaction’). Despite follow up discussions and repeated assurances, the purchase price has not been paid to HPI; accordingly, HPI has retained ownership of all equipment and associated intellectual property and has reinitiated the asset sale process. Interested parties may contact the Company for additional details.

FCC Forbearance Agreement

In connection with the termination of the Transaction, HPI, has entered into a forbearance agreement with Farm Credit Canada (‘FCC’) dated effective June 2, 2025. This agreement extends protection through June 30, 2025, providing HPI time to complete a revised monetization plan for its processing assets while maintaining transparency and compliance with its senior lender.

Carbon Credit Market Momentum Continues

The Company’s 2024 carbon credits now total 29,448 tonnes of CO₂ removal across 12,669 acres under the Hemp Carbon Standard. These credits are available for purchase via the Company’s Cloverly storefront (hempcarbonstandard.cloverly.app), and discussions with corporate buyers are ongoing.

CEO to Speak at Canadian Climate Investor Conference

Hempalta President and CEO Darren Bondar will be speaking at the 2025 Canadian Climate Investor Conference hosted by the Toronto Stock Exchange (TSX and TSXV) on June 11, 2025, at the Arcadian Court in Toronto. Mr. Bondar will outline Hempalta’s strategic pivot to nature-based carbon credit markets and showcase the scalable growth opportunity through its Hemp Carbon Standard platform.

About Hempalta Corp.

Hempalta Corp. (TSXV: HEMP) is a Canadian clean-tech company focused on high-integrity carbon removal credits derived from industrial hemp. Through its wholly owned subsidiary, Hemp Carbon Standard Inc., the Company supports regenerative agriculture, biochar deployment, and AI-powered MRV to deliver transparent, verifiable carbon credits aligned with global climate goals.

Learn more at www.hempalta.com or contact Investor Relations at invest@hempalta.com.

For more information, please contact:

Investor Relations
Hempalta Corp.
Email: info@hempalta.com
Website: www.hempalta.com		 Hempalta Corp.
Web: https://www.hempalta.com/
Email:info@hempalta.com

 

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.

Forward-Looking Information

This news release contains statements and information that, to the extent they are not historical fact, may constitute ‘forward-looking information’ within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as ‘expects,’ ‘plans,’ ‘continues,’ ‘intends,’ ‘anticipates,’ ‘potential,’ ‘aims,’ ‘will,’ and similar expressions, including negatives thereof.

Forward-looking information in this news release includes, but is not limited to, statements regarding: the Company’s ability to complete the sale of its hemp processing and biochar equipment; the resolution of the outstanding forbearance with Farm Credit Canada (FCC); negative cash flow from operations and the Company’s ability to operate as a going concern; the anticipated proceeds and timing of any asset sales; the scaling of the Hemp Carbon Standard platform; the sale of verified carbon credits; the development of new corporate offtake agreements; and the Company’s broader growth initiatives under Hempalta carbon credit platform.

Such forward-looking information is based on assumptions and expectations, including but not limited to: the Company’s ability to remarket and sell the equipment; continued support from major shareholders and new investors; demand for nature-based carbon removal credits; successful onboarding of additional farmers; favorable regulatory conditions; and Hempalta’s ability to execute its strategic plan and secure necessary financing on reasonable terms.

Although the Company believes the assumptions and expectations reflected in the forward-looking information are reasonable, undue reliance should not be placed on them, as actual results may differ materially due to known and unknown risks. These risks include, but are not limited to: economic conditions and capital market volatility; failure to close the asset sale or private placement; changes in carbon credit market demand or pricing; regulatory changes; inability to retain key personnel; weather-related challenges impacting hemp cultivation; and those risks set forth in the Company’s public disclosure documents available on SEDAR+ at www.sedarplus.ca.

Forward-looking information in this news release is provided as of the date hereof, and the Company does not undertake to update such information except as required by applicable securities laws.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254819

News Provided by Newsfile via QuoteMedia

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Ford Government Pushes Bill 5 Through Legislature, Sparking First Nations Outcry

Investing 5 Mins Read

In a move that has ignited a storm of opposition from Indigenous communities and environmental groups, Ontario’s Progressive Conservative government passed Bill 5 on Wednesday (June 4).

Formally titled the Protecting Ontario by Unleashing our Economy Act, the legislation grants the province unprecedented authority to override provincial and municipal laws in favor of economic development.

Specifically, Bill 5 allows the government to establish ‘special economic zones’ where environmental protections, labor regulations and other statutes can be suspended for projects led by ‘trusted proponents.’

Premier Doug Ford’s government argues that the bill is critical for expediting development in the mineral-rich Ring of Fire region and countering global economic threats, including US tariffs.

But the bill’s passage, by a vote of 71 to 44, has drawn fierce backlash from First Nations leaders who say they were not consulted, in violation of treaty rights enshrined in the Canadian constitution.

Speaking to reporters, Grand Chief Alvin Fiddler of the Nishnawbe Aski Nation, which represents 49 First Nations in Northern Ontario, warned that protests and blockades — reminiscent of the Idle No More movement — are likely.

‘I think after today we need to look at every option that is at our disposal, including legal, political, economic, everything – including taking direct action,’ he said, adding, ‘Everything is on the table.’

Ford was not present in the legislature for the vote, drawing condemnation from Indigenous leaders and opposition politicians. He reportedly missed the vote due to an overrun in an online meeting with a US congressman.

Ontario NDP Leader Marit Stiles stood alongside First Nations representatives to denounce the premier’s absence and vowed to continue resisting the legislation, which she predicted will end up in court.

Public gallery benches erupted during the vote with shouts of ‘Shame on you!’ and ‘Where’s the premier?’ Security escorted several individuals out, including one man who yelled, ‘Our land is not for sale!’

Opposition parties attempted to stall the bill with thousands of proposed amendments, but the Progressive Conservative majority pushed it through after using time allocation to cut short debate.

Legal experts warn that Bill 5 could significantly alter the legal and environmental landscape in Ontario. The legislation includes Henry VIII-style provisions — named after the 16th-century monarch notorious for consolidating executive power — which allow the provincial cabinet to override laws without legislative scrutiny.

Laura Bowman, a lawyer with Ecojustice, said, ‘This is not just undemocratic; it’s anti-democratic.’

Environmental advocates have also raised alarm about Bill 5’s implications for conservation. It rewrites Ontario’s endangered species law by giving the cabinet, not scientists, final authority on which species merit protection.

Additionally, it eases rules on preserving Indigenous archaeological sites.

The government has floated the possibility of Indigenous-led economic zones as part of the regulations it must still draft, but details remain scarce, and First Nations groups say the damage has already been done.

Ontario Regional Chief Abram Benedict, who previously met with Ford in a tense private session, said the discussions were necessary, but insufficient. “Our Chiefs have made it clear that they fully reject Bill 5, and the Chiefs of Ontario stand by and defend the position of the Chiefs,” Benedict maintained in a statement. “First Nations rights holders must be at the table, and the Government must fulfill its constitutional and treaty obligations.”

The Ring of Fire region, located in the James Bay lowlands, is at the center of the controversy.

While some First Nations near the area support road construction projects, others oppose the rush to mine in the region without thorough consultation and environmental safeguards. The Ford government has touted the area’s reserves of critical minerals — such as nickel and lithium — as essential for Ontario’s economic future.

While some industry stakeholders have cautiously welcomed provisions in Bill 5 that streamline mining approvals under a “one project, one process” regime, critics and civil liberties advocates say its rhetoric risks escalating tensions.

Among them is the Canadian Civil Liberties Association, which has condemned Bill 5 as a dangerous overreach that could hollow out legal safeguards without meaningful public oversight.

Legal scholars say the government’s interpretation of its duty to consult remains contested. While a 2018 Supreme Court ruling (Mikisew Cree) found that governments are not constitutionally required to consult Indigenous groups during the drafting of legislation, it emphasizes that such consultation is often politically and morally necessary.

Moreover, many Indigenous leaders say consultation is no longer enough. Invoking the United Nations Declaration on the Rights of Indigenous Peoples, they are calling for ‘free, prior and informed consent’ as the new standard.

In the coming weeks, the Ford government must draft the regulations that will define how Bill 5 is implemented. These rules, it insists, will be subject to consultation. But with Indigenous leaders threatening direct action and legal battles on the horizon, Ontario may be on the brink of a new phase in its fraught relationship with First Nations.

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

This post appeared first on investingnews.com

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Crypto Market Recap: Strategy Eyes US$1 Billion Capital Raise, Uber Considers Stablecoin Usage

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Friday (June 6) 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$104,245 as markets closed for the week, up 2 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$104,006 and a high of US$105,201.

Bitcoin price performance, June 6, 2025.

Chart via TradingView.

After dipping below US$101,000 during the dispute between US President Donald Trump and Elon Musk, Bitcoin recovered to around US$105,000 early in the trading day, influenced by a strong US labor report.

Despite the rebound, analysts are wary due to technical indicators like a weakening relative strength index, suggesting potential downside. A possible rate cut from the US Federal Reserve on June 18 could push Bitcoin to US$112,000, but the outlook is uncertain. Order book data indicates a liquidity trap, and limited short interest points to a fragile recovery.

Additional selling pressure and investor distrust are contributing to shaky market sentiment.

Ethereum (ETH) finished the trading day at US$2,490.63, a 2 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$2,482.52 and saw a daily high of US$2,519.25.

Altcoin price update

  • Solana (SOL) closed at US$149.26, trading flat over 24 hours. SOL experienced a low of US$148.86 and reached a high of US$151.79 on Friday.
  • XRP is trading at US$2.17, reflecting a 1.6 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.16 and a high of US$2.18.
  • Sui (SUI) peaked at US$3.18, showing an increaseof 5.7 percent over the past 24 hours. Its lowest valuation on Friday was US$3.16, and its highest was US$3.19.
  • Cardano (ADA) is trading at US$0.663, up 2.8 percent over the past 24 hours. Its lowest price of the day was US$0.6604, and it reached a high of US$0.6693.

Today’s crypto news to know

Uber considers stablecoins for cost reduction

On stage at the San Francisco-based Bloomberg Tech Summit on Thursday (June 5), Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi said the company is “definitely going to take a look” at using stablecoins to help reduce the cost of moving money around the world.

“We’re still in the study phase, I’d say, but stablecoin is one of the, for me, more interesting instantiations of crypto that has a practical benefit other than crypto as a store of value,” he said. “Obviously, you can have your opinions on Bitcoin, but it’s a proven commodity, and you know, people have different opinions on where it’s going,” he added.

UK set to lift ban on retail access to crypto ETNs

The UK’s Financial Conduct Authority (FCA) has announced plans to lift its ban on retail investors buying crypto exchange-traded notes (ETNs), a major shift from its earlier risk-averse stance.

Initially barred due to concerns over volatility and investor protection, the FCA now says consumers should have the right to choose whether these high-risk assets fit their portfolios. David Geale, the FCA’s digital assets chief, said the move is part of a broader push to ‘rebalance’ the regulator’s approach to financial risk. The proposal, which would allow ETNs to be sold on FCA-registered investment exchanges, will now enter a public consultation phase.

This regulatory pivot follows the UK’s introduction of draft laws in April aimed at integrating crypto into the formal financial system. The FCA emphasized that its separate ban on crypto derivatives for retail traders will remain in place.

Switzerland adopts crypto information exchange bill

The government of Switzerland has adopted a bill to enable the automatic exchange of information (AEOI) on crypto with 74 partner countries, including the UK, all EU member states and most G20 countries.

The measure excludes the US, Saudi Arabia and China. The bill is currently under discussion in parliament and, if approved, the AEOI framework for crypto assets will take effect on Jan. 1, 2026.

Switzerland will only engage in AEOI with partner states that also desire information exchange with Switzerland.

Strategy to raise nearly US$1 billion to buy more Bitcoin

Strategy (NASDAQ:MSTR), the company known for its aggressive Bitcoin acquisition strategy, is launching a nearly US$1 billion capital raise through its new 10 percent Series A STRD preferred stock. The offering includes over 11 million shares and promises a high fixed yield, making it attractive to yield-hungry investors in a low-rate environment.

Unlike other Strategy offerings like STRK (convertible) and STRF (senior status), STRD offers the highest payout at 10 percent, but comes with more risk due to its non-cumulative dividend and junior status. Dividends are only issued when declared, and the shares cannot be called under normal market conditions.

Proceeds will go toward “general corporate purposes,” which notably include expanding its Bitcoin holdings.

Metaplanet plans US$5.3 billion warrant offering to scale Bitcoin treasury

Tokyo-based Metaplanet (OTCQX:MTPLF,TSE:3350) is taking its Bitcoin commitment to the next level with a massive US$5.3 billion stock warrant issuance, the largest of its kind in Japan.

The company is offering 555 million shares through stock acquisition rights, using a novel moving-strike pricing model that adjusts with market value — a first in the Japanese market.

This 555 Million Plan follows an earlier US$600 million raise and is part of Metaplanet’s goal to hold over 210,000 BTC by 2027, approximately 1 percent of total Bitcoin supply.

The vast majority of the proceeds — around 96 percent — will go toward direct Bitcoin purchases, while a small fraction will support debt management and derivative strategies like selling puts.

Maple Finance expands syrupUSD to Solana

Lending platform Maple Finance announced on Thursday that it has expanded user access by deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca.

Previously, it had only been available on the Ethereum blockchain.

According to the announcement, Solana integration is launching with US$30 million in liquidity, which will establish “a deep and stable foundation for lending, trading, and collateral provisioning.’

This new system was made possible by using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which started operating on the Solana main network on May 19. CCIP lets different blockchain systems, specifically those using Ethereum Virtual Machine and Solana Virtual Machine technology, share information.

The ability to transfer data between these distinct blockchain environments is expected to significantly boost efficient and affordable growth within the digital ecosystem.

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

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

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: Africa Energy Jumps 275 Percent

Investing 11 Mins Read

Statistics Canada released its May Labour Force Survey on Friday (June 6). The data showed that nearly 9,000 new jobs were added to the workforce during the month. The news surprised analysts who were expecting losses of 12,500 as the effects of US trade tariffs began to be felt in the Canadian economy.

The biggest contributors to the gains were 43,000 new workers added in wholesale and retail trade; 19,000 new jobs in the information, culture and recreation category; and 12,000 new employees within the real estate and finance sector.

While these additions were significant, they were offset by the loss of 32,000 jobs in the public administration sector, as well as a decline of 16,000 workers in both the accommodation and food services sector and the transportation and warehousing sector. Additionally, 15,000 jobs were lost in the business, building and support services sector.

Despite the net job gains, unemployment registered a 0.1 percent gain to 7 percent, while the employment rate was stable at 60.8 percent.

Also this week, StatsCan released the Annual Mineral Production Survey for 2023 on Wednesday (June 4). The report showed that total revenues for metal ore mining and non-metallic mineral mining and quarrying industry groups in 2023 decreased by 9.3 percent to C$59.7 billion year-over-year. Meanwhile, expenses rose by 8.6 percent to C$43.2 billion during the same period.

South of the border, the US Bureau of Labor Statistics released May’s Employment Situation Summary on Friday. The report showed that the US labor market remained stable for the month, adding 139,000 nonfarm workers. The report also indicated that unemployment remained unchanged at 4.2 percent, while the participation rate decreased by 0.2 percent to 62.4 percent.

The largest gains were felt in the healthcare sector, which accounted for roughly half of the new jobs at 62,000, while the hospitality sector came in second with 48,000 new jobs. However, the economy was impacted by the loss of an additional 22,000 federal government employees, bringing the total number of federal job losses for the year to 59,000.

Human resources company ADP (NASDAQ:ADP) reported that US private sector employers added 37,000 new jobs in May, the lowest level since March 2023. This growth was wholly concentrated in mid-sized companies, with small and large establishments losing jobs. The natural resources and mining industry lost 5,000 jobs over the period.

Additionally, platinum prices have been on the rise over the last two weeks, highlighted by a nearly 10 percent surge during the past five days to US$1,160.79 per ounce on Friday. The gains may be related to the cancellation of EV tax credits proposed in the US tax bill working its way through Congress, as well as infighting between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump following Musk’s departure from the Trump administration.

The threat has sent ripples through the automotive sector and may cause increased demand on an already stressed platinum market.

Markets and commodities react

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

The S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed 0.93 percent during the week to close at 26,429.13 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) had a larger gain of 3.06 percent to 721.60 and the CSE Composite Index (CSE:CSECOMP) rose 1.7 percent to 117.55.

US equities were in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 1.76 percent to close at 6,000.37, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 2.31 percent to 21,761.79 and the Dow Jones Industrial Average (INDEXDJX:.DJI) adding 1.33 percent to 42,762.88.

The gold price was up this week, gaining 1.02 percent, to close Friday at US$3,322.73. The silver price saw more significant gains, surging 8.92 percent during the period to US$35.91, their highest since 2012.

In base metals, the COMEX copper price rose 4.78 percent over the week to US$4.86 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 3.87 percent to close at 545.00.

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. Africa Energy (TSXV:AFE)

Weekly gain: 275 percent
Market cap: C$71.87
Share price: C$0.15

Africa Energy is a South Africa-focused oil and gas exploration and development company.

Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.

Africa Energy previously held a 4.9 percent stake in the project through its 49/51 joint venture with Arostyle Investments named Main Street 1549, which owned 10 percent of the asset. The remaining partners were project operator TotalEnergies (NYSE:TTE) at 45 percent, Qatar Petroleum at 25 percent and CNR International (TSX:CNQ,NYSE:CNQ) at 20 percent.

Main Street 1549’s three partners announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and discussions on restructuring the ownership had been underway since.

Shares in Africa Energy began surging May 29 after Africa Energy announced a definitive agreement for the new ownership structure of the Block 11B/12B asset.

Under the terms of the definitive agreement between Africa Energy and Arostyle Investments, Africa Energy will increase its ownership of Main Street from a 49 percent to 100 percent stake. Additionally, the withdrawing parties assigned 65 percent of their participating interest in Block 11B/12B to Main Street and 25 percent to Arostyle.

The result will see Africa Energy increase its stake in the asset from 4.9 percent to 75 percent.

2. Allegiant Gold (TSXV:AUAU)

Weekly gain: 95 percent
Market cap: C$17.24
Share price: C$0.39

Allegiant Gold is a gold exploration company working to advance several projects in Nevada, United States.

Its flagship project is Eastside, located in Esmeralda County, consists of 973 unpatented lode mining claims covering 8,289 hectares. Nearly 70,000 meters of drilling has been carried out at the property since 2011.

A July 2021 mineral resource estimate showed inferred quantities at the site of 1.09 million ounces of gold with an average grade of 0.55 g/t and 8.7 million ounces of silver with an average grade of 4.4 g/t from 61.73 million tons of ore.

The most recent news from the company was announced on May 29, when it stated that its previously announced one-for-two share consolidation would take effect on Monday, June 2.

3. LaFleur Minerals (CSE:LFLR)

Weekly gain: 89.66 percent
Market cap: C$37.46
Share price: C$0.275

LaFleur Minerals is an exploration and development company working to advance a pair of projects in Quebec, Canada.

Its Swanson Gold project consists of a 15,290 hectare land package in the southern portion of Quebec’s Abitibi gold belt. Historic drilling at the site has uncovered 958 holes, revealing broad mineralization with widths of up to 40 meters. Additionally, the site has also had underground workings to a vertical depth of 80 meters to carry out bulk sampling.

A September 2024 mineral resource estimate suggested total indicated resources of 123,400 ounces of gold from 2.11 million metric tons of ore with an average grade of 1.8 grams per metric ton (g/t) along with additional inferred quantities of 64,500 g/t from 872,000 metric tons with an average grade of 2.3 g/t.

The company’s other property, the Beacon Mill and Mine, is a past-producing mine, also located in the Abitibi gold belt. LaFleur acquired the mine in September 2024 as part of a receivership sale. Monarch Mining previously owned the mine, which has been on care and maintenance since 2022.

Most recently, the mine underwent a C$20 million refurbishment in 2022 and is capable of processing 750 metric tons of ore per day.

Shares in LaFleur gained this week after it announced updates for both properties on Wednesday.

At Swanson, it stated that it was planning a 5,000-meter drilling program, set to begin in June, with more than 50 targets having been identified. Additionally, the company announced that it is targeting early 2026 for the restart.

4. Eastern Platinum (TSX:ELR)

Weekly gain: 84.85 percent
Market cap: C$37.46
Share price: C$0.305

Eastern Platinum, also known as Eastplats, is a platinum group metal (PGM) and chrome mining, development and exploration company working to advance assets in South Africa.

Its most advanced asset is the Crocodile River mine, located northwest of Johannesburg. The mine began operating in 1987, but production was suspended in the early 1990s due to falling PGM prices. Since then, the mine saw some limited production in the early 2000s before once again being suspended.

After significant rehabilitation, chrome and PGM production from site tailings was restarted at the site in 2018 and 2020 respectively, and underground operations at the Zandfontein mine restarted in October 2023. In October of last year, Eastplats began commissioning a PGM processing plant that will process ore from Zandfontein.

A technical report from May 2022 demonstrated a proven and probable resource of 1.72 million ounces of platinum, palladium, rhodium and gold, with an average grade of 3.68 g/t from 14.58 million metric tons of ore.

Although the company did not release news this week, shares in Eastplats gained alongside a surging platinum price.

5. TNR Gold (TSXV:TNR)

Weekly gain: 58.33 percent
Market cap: C$15.06
Share price: C$0.095

TNR Gold is an exploration and royalty company with a focus on the acquisition of green energy and gold assets.

The company owns the Shotgun Gold project in Alaska’s Kuskokwim Gold Belt. The property consists of 108 claims covering an area of 6,993 hectares. A 2013 technical report showed inferred quantities of 705,960 ounces of gold from 20.73 million metric tons of gold with an average grade of 1.06 g/t with a cutoff of 0.5 g/t.

Its royalty investments include a 1.5 percent net smelter royalty from Ganfeng Lithium’s (OTC Pink:GNENF) Marina Lithium project in Argentina. It also holds a 0.4 percent net smelter royalty in McEwen Mining’s (NYSE:MUX,TSX:MUX) Los Azules Copper, Gold and Silver Project, also in Argentina.

The latest news from TNR came on May 14 when it released a corporate update. In the release the company highlighted its success from the royalty portion of its business, and provided updates from its key investments.

It also said it was looking to attract a partnership with a major gold mining company to help advance its Alaskan Shotgun 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.

This post appeared first on investingnews.com

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Editor’s Picks: Marathon Project Gets Nod, Rio Tinto Opens Western Range, Indonesia Probes Nickel Mining

Investing 6 Mins Read

Here’s a quick recap of some of the most impactful resource sector news items for the week.

The period saw the Ontario government back the Marathon copper-palladium project, while Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) opened up a US$2 billion iron ore mine. Elsewhere, Indonesia suspended nickel mining in a protected region, and Chile debuted a solar-powered model to cut water-pumping energy use in mining.

Marathon project gets shovel-ready nod from Ontario

Ontario has designated Generation Mining’s (TSX:GENM,OTCQB:GENMF) Marathon project as a shovel-ready strategic minerals project, urging the federal government to invest in its development.

The project, located in Northwestern Ontario, is fully permitted for construction and is expected to produce significant quantities of copper, palladium, platinum, gold and silver over its anticipated 13 year mine life.

The announcement comes after the release of an open letter to Tim Hodgson, Canada’s minister of energy and natural resources. It identifies priority projects for Ontario and was penned by provincial ministers Stephen Lecce, Mike Harris and Greg Rickford, as well as associate ministers Kevin Holland and Sam Oosterhoff.

“Building on the investments in the Ring of Fire and the critical minerals supply chain we urge the federal government to invest in shovel-ready strategic mineral projects that are critical to building a secure, domestic supply chain including…Generation Mining’s Marathon project,” the Thursday (June 5) letter reads.

The Ontario government is facing mounting backlash over the recent passage of Bill 5, the Protect Ontario by Unleashing our Economy Act. It grants the province authority to bypass certain provincial and municipal laws for projects deemed economically significant, aiming to expedite developments like mining operations.

However, Indigenous leaders and environmental groups have criticized the bill, arguing that it undermines treaty rights and environmental protections.

Rio Tinto and Baowu open US$2 billion iron ore mine

Rio Tinto and China Baowu Steel Group have opened the Western Range iron ore mine in Western Australia’s Pilbara region, marking a significant milestone in both resource development and Indigenous collaboration.

The US$2 billion joint venture, owned 54 percent by Rio Tinto and 46 percent by Baowu, is projected to produce up to 25 million metric tons of iron ore annually, sustaining the Paraburdoo mining hub for approximately 20 years.

Western Range is the first Rio Tinto project to implement a co-designed social, cultural and heritage management plan (SCHMP) with the Yinhawangka Traditional Owners.

Established in 2022, the SCHMP aims to protect significant cultural and heritage values in the area.

Robyn Hayden, Yinhawangka Aboriginal Corporation board chairwoman, emphasized the importance of this collaboration. “The opening of the Western Range mine represents a shift in how our heritage is being recognised and respected,” she is quoted as saying in Rio Tinto’s Friday (June 6) press release.

Alongside the Western Range opening, Rio Tinto announced that development is moving forward at its Oyu Tolgoi copper-gold mine in Mongolia under an alternative mine plan.

While ramp up remains on track, with output from Panel 0 and Panel 2 expected in 2025 and 2026, the company has paused development in the Entrée Resources (TSX:ETG,OTCQB:ERLFF) joint venture area.

The pause will remain in place until the Mongolian government completes a necessary license transfer. Rio Tinto is instead accelerating work in Panel 2 South, which lies outside the Entrée joint venture zone. Copper guidance for 2025 remains unchanged at 780,000 to 850,000 metric tons.

Indonesia reviews nickel mining in biodiversity hotspot

Indonesia’s government has initiated a review of nickel-mining activities in the Raja Ampat archipelago, a region renowned for its rich biodiversity and often referred to as the ‘last paradise.’

The decision follows public outcry and Greenpeace Indonesia’s release of videos highlighting environmental degradation caused by nickel-mining operations on the islands of Gag, Kawe and Manuran

Greenpeace’s analysis indicates that over 500 hectares of forest and native vegetation have been cleared for nickel mining in these areas, leading to soil runoff and sedimentation that threaten coral reefs and marine ecosystems. These islands are classified as small islands under Indonesian law, which prohibits mining activities in such regions.

Hanif Faisol Nurofiq, Indonesia’s environment minister, announced plans to visit the affected areas and stated that the government will take legal action against mining firms operating there after conducting thorough studies.

The energy ministry also suspended operations at Gag Nikel’s operations in Raja Ampat pending an inspection.

The nation is the world’s top producer of nickel, outputting 2.2 million metric tons in 2024. Indonesia’s nickel sector has undergone major shifts in 2025, with the government slashing mining quotas in response to falling prices and pledging to implement stricter ESG standards across its resource industries.

Nickel prices have been turbulent this year, opening the 12 month period at US$15,010 per metric ton and rising to a year-to-date high of US$16,440 in mid-March. Supply saturation weighed on the market through to April, when values sank to a year-to-date low of US$13,805. Prices have since rebounded and are sitting at the US$15,285 level.

Chile unveils model to reduce energy footprint for seawater use in mining

According to a recently published study, Chilean researchers at the Department of Electrical Engineering at the University of Concepción have developed a real-time energy management model that uses predictive economic control to optimize power use in large-scale water-pumping stations.

The model was tested on a system supplying a reverse osmosis plant in Northern Chile, and integrates solar photovoltaic energy and battery storage to reduce costs and improve efficiency.

The site features seven 1,343 kilowatt pumps that transport water 120 kilometers uphill over a 1,000 meter elevation gain. Simulations compared conventional operation with hybrid setups using solar and Tesla (NASDAQ:TSLA) Megapack batteries, showing the potential for more sustainable and cost-effective water transport.

‘The study was motivated by the sustained increase in electricity consumption associated with pumping seawater for mineral concentration processes, an increasingly common practice in areas with water scarcity,” said Daniel Sbarbaro, a researcher at SERC Chile and author of the paper.

This development is significant for lithium miners in Chile’s Atacama Desert, where freshwater resources are scarce and the mining industry increasingly relies on seawater desalination for operations.

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

This post appeared first on investingnews.com

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Simone Biles is the GOAT of allies

Sport 4 Mins Read

Simone Biles is the GOAT in every sense of the word.

The seven-time Olympic champion stood up for transgender athletes Friday night, taking to X to chastise Riley Gaines for the relentless verbal abuse she directs at transgender girls and women.

“You’re truly sick, all of this campaigning because you lost a race. Straight up sore loser,” Biles wrote. “You should be uplifting the trans community and perhaps finding a way to make sports more inclusive OR creating a new avenue where trans feel safe in sports. Maybe a transgender category in ALL SPORTS!!

“But instead… You bully them…” Biles continued. “One thing for sure is no one in sports is safe with you around!!!!!”

Biles then added in a second post, “Bully someone your own size, which would ironically be a male.”

Gaines replied that Biles’ post was “so disappointing.” Which is just further proof that Gaines needs to get out of her right-wing bubble a bit more.

Anyone who is even slightly familiar with Biles knows she is an ally. Of her teammates. Of her competitors. Of sexual abuse survivors. And unabashedly of the LGBTQ community.

She also has little use for anyone who punches down on others, which is Gaines’ specialty.

Gaines has used her tie for fifth place with Lia Thomas, a transgender woman, in the 200-yard freestyle at the 2022 NCAA championships to become a MAGA media darling. But her grifting has done real harm to the transgender community, which is already at an elevated risk for suicide and self-harm.

There is no scientific evidence that transgender women athletes have a physical advantage over cisgender women athletes, but that hasn’t stopped Gaines from claiming they do. She insists they are “robbing” cisgender women of places on the podium, and she doesn’t care if it’s a 12- or 22-year-old that she’s putting in harm’s way in this overheated climate where ignorance and violence are celebrated equally.

Gaines has publicly lobbied for Biles and Caitlin Clark to support her in her hate which, again, is a laughable idea to anyone who has followed Biles’ illustrious career.

Biles is the most decorated gymnast of all time, man or woman, with 11 medals at the Olympics — seven of them gold — and 30 at the world championships. She has five skills named after her, two each on vault and floor exercise and one on balance beam. She has taken the idea that women’s gymnastics was a sport reserved for the young and turned it on its head, still dominating in her late 20s.

That has not spared Biles from the venom of keyboard warriors like Gaines, however. She was criticized for withdrawing during the team finals at the Tokyo Olympics because of a case of “the twisties,” never minding that not knowing where she was in the air meant she very well could have landed on her neck instead of her feet. She’s taken heat for her hair, her marriage, even her self-confidence.

But you don’t accomplish what Biles has without being fearless, and her admonishment of Gaines on Friday night was yet another example.

Gaines had inserted herself into the conversation about the Class 4A softball championship in Minnesota, claiming Champlin Park had “hijacked” the title because its star pitcher is a transgender young woman. Never mind that there are nine players on a softball team and Champlin Park won the title game 6-0.

Or that her teammates “love having her out there. She’s a great kid and a great teammate.”

Gaines has never let facts get in her way, so she posted three times about it in a two-hour span. Made sure to mention the name of the transgender athlete, as well, while purposely misgendering her.

That was enough for Biles. That high school junior in Minnesota and all the other transgender women Gaines demonizes might not have platforms large enough to counter her vitriol, but Biles does. And she was happy to put it to good use.

Most of us could never do what Biles does as a gymnast. But we can do what she does as a human: Be kind. Defend the most marginalized.

And when you get the opportunity to stick up to a bully, do it at full throat.

In a world of Riley Gaineses, be a Simone Biles.

Follow USA TODAY Sports columnist Nancy Armour on social media @nrarmour.

This post appeared first on USA TODAY

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NBA Finals fans miss eye candy on court. Where is the iconic logo?

Sport 3 Mins Read

OKLAHOMA CITY — As Game 1 of the NBA Finals began at Paycom Center, discerning fans on social media asked: “Why aren’t there NBA Finals logos on the court?”

For the most part – there are two exceptions – the NBA has not placed Finals logos on the court since the 2014 Finals.

Some fans clamored to see a court that matched the magnitude of the event – meaning they didn’t want to see a court that was no different than a regular-season game. It was pointed out that the league’s NBA Cup court has logos on it for the in-season tournament.

NBA Commissioner Adam Silver took note of the comments and explained.

“I saw it on social media, as you did,” Silver told a small group of reporters at an NBA Cares event at the Boys and Girls Club of Oklahoma County on Friday, June 6. “I saw the contrast with the (NBA) Cup. In the case of the Cup, of course, we have the opportunity to plan well in advance and to design a specific neutral court for a Cup championship game, and the teams design their own Cup courts. It actually takes a significant amount of time to create new courts in terms of how they’re painted, et cetera.”

The logos on the Thunder court were painted a while ago, and there are Finals logos on the basket stanchions at the Thunder’s arena.

He said the league will revisit the topic.

Why aren’t there NBA Finals logos or Finals trophy logos on the court?

Silver also explained that beyond the time required to paint the logos, there is a perceived safety issue.

“One of the reasons we moved away from the logos on the courts is – whether it was perception or reality – there was a sense that maybe the logos added some slipperiness to the court, and it was a change sort of on the court that was coming just at the time of the Finals,’ Silver said.

“And again, maybe it’s for superstitious reasons or just a sense from teams that we shouldn’t be changing things around such important competition. That’s largely why we stopped putting the logos on the court. But when I saw that suggestion on social media, maybe there’s a way around it. I hadn’t thought all that much about it until I saw it.”

Silver seemed to like the idea of at least seeing what can be done to make the court look special.

‘I’m nostalgic as well for certain things. And also, I think for a media-driven culture, whether it’s people watching live or seeing those images on social media, it’s nice when you’re looking back on highlights and they stand out because you see that trophy logo or some other indication that it’s a special event. So we’ll look at it.’

What do other pro sports leagues do with logos at big events?

For Super Bowl 59 in February, the NFL had its standard logo at midfield and had its Super Bowl logos on both sides of the 50-yard line.

The NHL regularly has its Stanley Cup logo on the ice.

MLB had its World Series logos on the field in 2024, but outside of the third- and first-base lines.

The WNBA did not have a Finals logo on the court in 2024.

Follow NBA reporter Jeff Zillgitt on social media @JeffZillgitt

This post appeared first on USA TODAY

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Keyshawn Davis vs. Edwin De Los Santos fight canceled. Here’s why.

Sport 2 Mins Read

Boxer Keyshawn Davis lost his WBO world lightweight title without even stepping into the ring.

The belt was stripped from him Friday, June 6 after he stepped on the scale.

Davis weighed in at 139.3 pounds, 4.3 pounds over the maximum weight of 135 pounds for his lightweight title defense set for Saturday, June 7 against Edwin De Los Santos, who weighed in at 134.7 pounds.

That led to the cancellation of the 12-round bout, which would have been Davis’ first title defense, in his hometown of Norfolk, Virginia.

Top Rank Boxing, the promoter, announced the cancellation of the fight Friday night on X.

But the event will go on, with a lightweight bout between Abdullah Mason (18-0, 16 KOs) and Jeremia Nakathila (26-4, 21 KOs) to serve as the main event, according to Top Rank Boxing.

Davis (13-0, 9 KOs) had an hour to try to make weight but said he did not intend to try.

“Outgrew the weight,’’ he said during an interview with Top Rank Boxing. “I’ve been making the weight for over four years now. I just outgrew the weight. I tried. I was up late last night trying to make that weight. I woke up early.’’

Bob Arum, the CEO of Top Rank Boxing, which promotes Davis, cast doubt on the fighter’s efforts to make weight.

“You can tell if a guy is trying to make weight and just can’t,’’ Arum told Dan Rafael of Fight Freaks Unite. “You can see that he’s dehydrated. That wasn’t the case with Keyshawn. He never really tried to make 135. That’s my view of what happened.”

Davis indicated he still wanted to fight, as did De Los Santos (16-2, 14 KOs), who would have been the only fighter eligible to win the WBO title. But negotiations apparently fell through.

Davis, an Olympic silver medalist at the Tokyo Games in 2021, won the WBO title in February with a fourth-round TKO of Denys Berinchyk. He said he plans to move up in weight and fight at 140 pounds.

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The new rivalry: French Open final pairs top two men’s players

Sport 5 Mins Read

Novak Djokovic keeps trying, but there’s only so much he can do to stave off the generational change in men’s tennis. 

With each passing Grand Slam, it looks more and more like a two-person sport.

Djokovic’s bid for a 25th major title ended Friday in the French Open semifinals, with No. 1-ranked Jannik Sinner delivering a baseline clinic that would have made prime Djokovic proud. 

Sinner’s 6-4, 7-5, 7-6 (7-3) victory in three sets up a final Sunday against No. 2 Carlos Alcaraz that has been a long time coming with one of tennis’ four big trophies on the line. Djokovic had his era, but it’s pretty clear that those two now own the sport. 

Alcaraz, the defending champion at Roland Garros, is seeking a fifth Grand Slam title just a month past his 22nd birthday. Sinner, 23, has been so dominant in this tournament – and nearly everywhere else in the world over the last couple years – that a victory Sunday would put him on the precipice of holding all four major titles at the same time, something Djokovic achieved across 2015 and 2016.

Though this marks the first time Sinner and Alcaraz have played in a Slam final, it feels like the new normal. Not only have they conquered the 38-year old Djokovic, whose last major was the 2023 US Open, they have zipped past the likes of Daniil Medvedev, Alexander Zverev and a handful of others who were regularly advancing deep at the Grand Slam but don’t seem like true threats anymore.  

As tennis waits for the likes of Jack Draper, Ben Shelton, Arthur Fils and Joao Fonseca to round out their skills into a Grand Slam-winning package, Alcaraz and Sinner have established enough separation over their peers to become the defining rivalry of the 2020s.

Sunday might be the first, but it won’t be the last. 

What makes this such a delicious French final, though, is the dynamic between the two of them. 

Since losing last year’s Wimbledon quarterfinal to Medvedev, Sinner is 49-1 against everyone except Alcaraz. His record against Alcaraz during that span? Zero for two. 

It’s a fascinating place in their rivalry, which began in the juniors when Alcaraz was just 15. Even though Sinner is considered the best player in the world — and with good reason given his record and consistency — Alcaraz has a 7-4 lead in the head-to-head matchup as pros.

And given the long runway for their shared dominance of the sport, it feels like we’re still in the early stages of figuring out exactly what that record means. 

Ever since Sinner ascended to No. 1, he has been machine-like; a prime Djokovic archetype whose consistency, shot discipline and power make it almost impossible for opponents to find a hole in his arsenal. 

Alcaraz has been more volatile: Brilliant when engaged and motivated, but often a bit immature and unfocused when he gives into his natural pull toward creativity and unnecessary flair. It has led to some perplexing losses over the last year, and even moments in matches where he’ll allow inferior players to challenge him. 

But against Sinner, undoubtedly because he respects his ability so much, Alcaraz tends more toward the meat and potatoes. We saw that play out just a few weeks ago in the final of the Italian Open, where Alcaraz abandoned the showmanship and powered to a 7-6, 6-1 victory in Sinner’s home country. 

Given the level Sinner has played at in Paris, though, reaching the final without dropping a set, it would be hard to consider Alcaraz a huge favorite even if he is more naturally suited to the clay. 

When they played in the French semifinals last year, Sinner looked like he was on the verge of victory before Alcaraz made the final push and won 6-3 in the fifth set. Their previous meeting in a Grand Slam also went the distance: A 6-3, 6-7, 6-7, 7-5, 6-3 Alcaraz win at the US Open in 2022 that lasted more than five hours and is widely considered to be the best tennis match of the decade. 

Though Djokovic competed well enough that you could see him maybe sneaking in one more Wimbledon title if everything breaks his way, Fridays match was an undeniable statement that he is now a level below Sinner. He’s not completely out of the way as a contender, but it’s going to take something extraordinary for anyone to disrupt Alcaraz and Sinner meeting in a bunch of Grand Slam finals over the next couple years. 

Tennis always moves on, and this is now their era. If they can consistently reproduce the high level of tennis and drama Sunday that they’ve drawn out of each other in their biggest matches so far, saying goodbye to the legends of the last 20 years won’t seem as sad. 

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Commemorate Texas’ first WCWS championship with a USA TODAY page print

Sport 3 Mins Read

So close for four years, the Texas Longhorns finally broke through to win the Women’s College World Series for the first time.

Texas had lost in the championship series in 2022 and 2024, but in 2025 the Longhorns (56-12) set a school record for victories, beat the four-time defending champions and toppled Texas Tech in the best-of-three championship series.

Celebrate the Longhorns’ historic NCAA softball championship with a beautifully designed commemorative page print from USA TODAY. Featuring a bold headline and a striking image of the Horns celebrating on the field at Devon Park in Oklahoma City, this keepsake captures the moment perfectly.

Buy our Texas championship page print

Printed on premium, acid-free art paper, this collectible starts at $35 (plus shipping). Elegant upgrade options include framed editions and backgrounds in canvas, acrylic, metal or wood through the USA TODAY Store.

In 2022 and 2024, the Longhorns lost in the championship series to Oklahoma, winner of the prior four titles. In 2025, after beating Florida 3-0 in the WCWS opener, they upended the Sooners 4-2 in the winner’s bracket. Then Texas reached the championship series for the third time in four years with a 2-0 victory over Tennessee.

Against Texas Tech, the Longhorns rallied in the bottom of the sixth inning to win 2-1 in Game 1. They lost 4-3 in Game 2 with the tying run on third base.

In Game 3 on June 6, the Longhorns left no doubt who would rule college softball. They scored five runs in the bottom of the first inning against NiJaree Canady, the million-dollar transfer from Stanford who had thrown every pitch for the Red Raiders during the WCWS. She didn’t return for the second inning. Mia Scott’s grand slam in the fourth inning made it 10-0 Texas.

The Red Raiders stayed alive with three runs in the top of the fifth and scored again in the seventh. After a final groundout, with a 10-4 victory secured, the Longhorns stormed the field, celebrated madly and hoisted the trophy. Pitcher Teagan Kavan was selected the most outstanding player.

Own a piece of Longhorns history today! Every Texas fan needs this page print on a wall.

Buy our Texas championship page print

Contact Gene Myers at gmyers@gannett.com. Follow him on X@GeneMyers. After nearly a quarter-century as sports editor at the Detroit Free Press, Myers unretired to coordinate book and poster projects across the USA TODAY Network. Explore more books and page prints from the USA TODAY Network, including titles on the Florida Gators’ NCAA basketball championship and the Philadelphia Eagles’ victory in Super Bowl 59.

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