Breaking
Invest Core Path
Author

admin

Browsing
Investing

Investment Protection Agreement with the Ecuador Government on Challenger’s El Guayabo Project

Investing 2 Mins Read

Challenger Gold Limited (ASX: CEL) (‘CEL’ or the ‘Company’) is pleased to announce it has entered into an Investment Protection Agreement (“IPA” or “the Agreement”) with the Government of Ecuador for its 100% owned El Guayabo Project (“El Guayabo” or “the Project”). Under the terms of the IPA, the Government of Ecuador has granted CEL legal protections including stability of the regulatory framework, resolution of disputes through international arbitration, and protection of CEL’s investment.

The IPA covers US$75 million in investment from CEL encompassing expenditures from CEL’s initial acquisition of the project in 2019 and expenditure incurred until the end of 2027. It has an initial term of 8 years and is renewable. Key incentives and protections under the IPA include:

  • Regulatory stability and protection from changes to the current legal framework
  • The legal framework at the time of execution will continue to apply if the terms are more favourable to the project owner than any potential new framework
  • The IPA guarantees rights including non-discriminatory treatment, property protection, and legal certainty
  • International arbitration, should there be any disputes in relation to the Project, with the seat of arbitration in London under the rules of the International Chamber of Commerce

Commenting on the Investment Protection Agreement, CEL Managing Director, Mr Kris Knauer, said

“The completion of the Investment Protection Agreement is a significant development for the Project..

The IPA provides certainty with respect to the legal framework governing the Project, including stable mining regulations and fiscal terms, and security of title and investment for the term of the agreement. Additionally, it provides protection from all forms of confiscation and a mechanism for international arbitration should there be any disputes related to the project.

The IPA is also timely given recent corporate action in Ecuador as we take steps to monetise our Ecuador assets following the significant resource upgrade from 4.5 million ounce1 to 9.1 million ounces1,2,3.‘

Click here for the full ASX Release

This post appeared first on investingnews.com

Keep Reading
Investing

Phase 1 Drill Program – Operational and Geological Progress Update

Investing 2 Mins Read

McLaren Minerals Limited (ASX: MML) (‘McLaren’ or ‘Company’), is pleased to provide a further update on the phase 1 Drill Program at its wholly owned McLaren Titanium Project in the western Eucla Basin, Western Australia. This update is driven by the completion of geological interpretation of all the drilling during this campaign, in the absence of laboratory results.

Highlights

McLaren Titanium Project

  • 192 drill holes completed for a total of 4,067 metres, on time and without incident
  • Significant extensions of prospective sediments outside of currently known resource boundaries observed during drilling:
    • North extension: approximately 2,200m wide, avg. 14m thick (max 23m),
    • Central zone eastern extension: 800m wide, avg. 20m thick (max 23m),
    • Southern zone: 2,600m wide, avg. 10m thick (max 15m).
  • Metallurgical and geological samples submitted to IHC and Diamantina Laboratories
  • Geological work has improved confidence in deposit morphology and is expected to reduce future drilling costs
  • Strong community support confirmed within an established mining region

McLaren Mineral Sands Managing Director, Simon Finnis, commented:

“While we have not yet received any assays, phase 1 has delivered strong confidence to our team regarding this project. The most recent interpretation not only confirm the integrity of our geological model, but importantly, demonstrates the scale of the opportunity ahead. Defining substantial potential for mineralisation outside the current Resource boundary positions us well for future resource growth. We’ve also made solid ground operationally—drilling was completed on time, we’ve brought costs down, and we’re seeing strong local support. Taken together, these outcomes give us a great deal of confidence as we move toward the next phase of work and continue building long-term value for shareholders.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Keep Reading
Sport

Former Olympic champion gymnast arrested for DUI

Sport 2 Mins Read

Former Olympic champion gymnast Mary Lou Retton was arrested earlier this month in West Virginia for DUI.

She was later released after posting $1,500 bond.

Retton was in the news last year when her daughter revealed on social media that the 1984 Olympic all-around champion was ‘fighting for her life’ with ‘a very rare form of pneumonia’ and was not insured.

That led to a flood of donations totaling over $450,000 – but also to questions about basic details of Retton’s illness, whether or not she had health insurance and exactly how the money collected was being spent.

Retton did agree to an interview with NBC’s ‘Today Show’ in January 2024, appearing with an oxygen tube in her nose and describing a harrowing, month-long hospital stay, including a moment when ‘they were about to put me on life support,’ she said.

Follow more athlete news: Sign up for USA TODAY’s Sports newsletter.

Retton’s daughter, McKenna Kelley, told USA TODAY Sports at that time Retton could not get affordable health care because of pre-existing conditions, which she said include ‘over 30 orthopedic surgeries, including four hip replacements.’

Retton later told NBC in the interview that she was able to get medical insurance.

Retton’s family said that any funds remaining after her medical expenses were paid would be donated to a charity of her choice. But no further information was ever revealed.

This post appeared first on USA TODAY

Keep Reading
Sport

Oilers lock Stars down to take 3-1 lead in West finals: Highlights

Sport 4 Mins Read

The Edmonton Oilers are one win away from a return trip to the Stanley Cup Final.

The Oilers defeated the Dallas Stars, 4-1, on Tuesday night to take a 3-1 series lead in the Western Conference finals.

Dallas had a strong first period, outshooting the Oilers 16-10, but the Stars couldn’t get a shot past Edmonton goaltender Stuart Skinner and found themselves down 1-0 thanks to a Leon Draisaitl power-play goal.

From there, the Oilers started to put the clamps on.

The second period was much more even, with the Oilers putting up 10 shots to the Stars’ nine. Dallas tied the game at 6:57 of the second on a Jason Robertson power-play goal but the Oilers got another power-play goal a little over two minutes later to take the lead for good.

That 2-1 lead held up because Edmonton put on a defensive masterclass in the third period.

The Oilers held the Stars to just four shots while putting up 13 themselves in the final frame. Edmonton couldn’t beat Jake Oettinger (30 saves) again, but it finally sealed the game with two empty-net tallies.

Skinner stopped 28 of the 29 shots he faced.

Game 5 is Thursday night in Dallas (8 p.m. ET, ESPN).

“They’re going to be desperate, we know that, but we got to obviously match that,’ Draisaitl told ESPN, looking ahead to Game 5.

Stars vs. Oilers highlights

Final: Oilers 4, Stars 1

Another empty-net goal for the Oilers at 19:10, this one from long range from Adam Henrique.

Score update: Oilers 3, Stars 1

That should do it.

Kasperi Kapanen’s empty-net goal gives the Oilers a two-goal lead with just over two minutes to go.

Score update: Oilers 2, Stars 1

Some redemption for Corey Perry.

His penalty led to Dallas’ equalizing goal, but he gives the Oilers the lead again with yet another power-play strike at 9:20.

Score update: Stars 1, Oilers 1

Jason Robertson gets the Stars on the board with their 21st shot of the game.

His power-play goal at 6:57 levels things after the Oilers killed off the Stars’ first two power-play opportunities.

Zach Hyman injury update: Oilers forward out for rest of Game 4

Edmonton will be down a key forward for the final two periods of Game 4.

Zach Hyman went to the locker room in the first period and never returned following a check from Mason Marchment.

End of first period: Oilers 1, Stars 0

Dallas didn’t score in the first period and Stuart Skinner is mostly to thank for that. The Stars peppered the Oilers’ goalie with 17 shots but he stopped them all.

The Stars will have nearly a full power play to work with on fresh ice to start the second period after Vasily Podkolzin was called for roughing at 19:52.

Score update: Oilers 1, Stars 0

Edmonton is on the board first, courtesy of a Leon Draisaitl power-play goal.

The Rocket Richard winner potted his seventh goal of the playoffs in signature fashion: with a one-timer from the right faceoff circle. Ryan Nugent-Hopkins and Corey Perry got the assists on the goal at 11:23 of the first.

What time is Edmonton Oilers vs. Dallas Stars Game 4?

Game 4 of the Stars-Oilers series is Tuesday, May 27 at 8 p.m. ET in Edmonton, Alberta.

How to watch Stars vs. Oilers NHL playoff game: TV, stream

Time: 8 p.m. ET/6 p.m. local

Location: Rogers Place (Edmonton, Alberta)

TV: ESPN

Stream: ESPN+, Fubo

Get the latest sports news delivered conveniently to your inbox. Sign up for USA TODAY Sports’ daily newsletter now!

This post appeared first on USA TODAY

Keep Reading
Sport

Karl-Anthony Towns injury update: Knicks player to be evaluated

Sport 2 Mins Read

The New York Knicks are in a 3-1 hole in the Eastern Conference finals, and they may have to attempt a series comeback without Karl-Anthony Towns.

New York’s big man was injured late in the Game 4 loss to the Indiana Pacers Tuesday. With just more than two minutes left, Pacers forward Aaron Nesmith was driving toward the basket when Towns attempted a close out. The two players collided and Towns’ left knee bumped into Nesmith’s right knee. Towns immediately grabbed at his knee and went down to the floor in visible pain.

Towns was able to get up and had a noticeable limp as he walked to the bench. Despite being slowed down by the injury, Towns remained in the contest. He finished with 24 points, 12 rebounds and three assists.

Karl-Anthony Towns to be evaluated

Knicks coach Tom Thibodeau didn’t know the extent of the injury following the defeat but he will be examined before Game 5.

‘He was able to go back in, so that’s a good sign. We’ll see where he is after he gets evaluated,’ Thibodeau said.

In 2024, Towns’ suffered a torn left meniscus that forced him to miss a month of action before he returned before the playoffs.

Towns has had a key role for a New York team playing in the Eastern Conference finals for the first time since 2000. He has averaged 21.3 points per game this postseason, second-most for the Knicks behind Jalen Brunson. He’s also averaging a team-high 11.4 rebounds per game in the playoffs.

If it weren’t for Towns, the season could already be over for New York. He played a key role in the Game 3 comeback by scoring 20 points in the fourth quarter as the Knicks came back from 20 points down to win their first game of the series.

New York will be playing to keep its season alive with Game 5 at Madison Square Garden on Thursday.

This post appeared first on USA TODAY

Keep Reading
Sport

Shawn Kemp pleads guilty to assault charge from 2023 shooting

Sport 3 Mins Read

Former NBA player and six-time All-Star Shawn Kemp pleaded guilty to an assault charge after he shot two men inside a Washington state mall parking lot in 2023.

Kemp pleaded guilty to second-degree assault in Pierce County Superior Court on Tuesday, according to court documents obtained by USA TODAY Sports. Kemp was initially charged with one count of first-degree assault with a firearm enhancement, but prosecutors amended the charges last week to add a second first-degree assault charge with a firearm enhancement, as well as drive-by shooting. Kemp could have served a lengthy prison sentence had he been convicted on the original charges.

With the guilty plea, prosecutors recommended Kemp be sentenced to nine months in jail, one year of community service and to pay restitution. He will be sentenced on Aug. 22, when both sides of the case will be able to argue for their preferred sentence, according to the Pierce County Prosecuting Attorney’s Office. Officials said the standard range for the offense with someone with no criminal history is three to nine months.

This was an “open” plea agreement, so both sides will be free to argue for their preferred sentence on Aug. 22. What Mr. Kemp pleaded guilty to is a felony and a strike offense.

‘Shawn is committed to moving forward in a positive direction,’ Kemp’s attorney Tim Leary told The Seattle Times. ‘He was presented with an offer from the state that allows him to take responsibility, but I think also recognizes the self-defense nature of how this transpired.’

The incident occurred on March 8, 2023 when Kemp said his car was broken into, and several items such as his phone and memorabilia from his basketball career were stolen, according to court documents. Kemp was able to track his phone to a Toyota 4Runner and tried to talk to the driver about his missing phone. Later, he tracked his phone to the Tacoma Mall, where he saw the same 4Runner as before, the defense stated.

Court documents said a man in the back seat of the 4Runner fired a gun at Kemp, who then fired back at the vehicle. The two occupants of the 4Runner were not injured but the vehicle was as it fled.

Kemp was arrested in connection to the incident and was released a day later. The two men, ages 39 and 35, in the 4Runner are currently serving prison sentences due to other cases.

A first-round selection in the 1989 NBA Draft, Kemp became a star for the Seattle SuperSonics, playing eight seasons with the team while forming an on-court combo with Gary Payton. He also had stints with the Cleveland Cavaliers, Portland Trail Blazers and Orlando Magic during the course of his 14 seasons in the league.

This post appeared first on USA TODAY

Keep Reading
Sport

Bryce Harper leaves game early after taking pitch off elbow

Sport 2 Mins Read

Philadelphia Phillies star Bryce Harper was removed early from Tuesday’s matchup against the Atlanta Braves after he was hit in the elbow by a pitch.

The injury occurred in the bottom of the first inning when a 95 mph fastball from Braves pitcher Spencer Strider drilled Harper, who was immediately in pain. After trying to walk it off, he went down to the ground and didn’t move his right arm. Team medical personnel attended to Harper before escorting him back to the dugout.

Harper was hit on the same arm he had Tommy John surgery on in November 2022 after leading Philadelphia to the 2022 World Series. He missed the first month-plus of the 2023 season before he came back in May, marking the fastest return on record by a MLB who underwent Tommy John surgery (160 days). 

He was replaced Tuesday by Edmundo Sosa, who moved to third base the following inning with Alec Bohm moving from third to first base for Harper.

The Phillies said Harper suffered a right elbow contusion and that X-rays for Harper were negative, according to several reports.

‘We’ll have to re-evaluate in the morning, but the X-rays were negative. He was certainly in a lot of pain,’ Phillies manager Rob Thomson said.

It’s currently unknown if Harper will miss any time, but it was a scary sight for a Philadelphia team that is rolling. The Phillies recently were on a nine-game win streak and entering Tuesday, their 34-19 record was the best in baseball. Harper has played a major role in that with a .267 batting average with eight home runs and 33 RBIs on the season.

This story has been updated with new information

This post appeared first on USA TODAY

Keep Reading
Editor's pick

Walmart fined for shipping realistic toy guns to New York, violating state law

Editor's pick 3 Mins Read

Walmart agreed to pay a small fine and promised to ensure its third-party resellers are unable to sell realistic looking toy guns to buyers in New York, after state Attorney General Letitia James said Tuesday that the retail giant’s online store shipped them to the state.

The settlement comes nearly a decade after Walmart, Amazon, Sears and other retailers entered into a consent order and judgment with New York’s previous attorney general, in which they agreed to keep toy guns that resemble actual deadly weapons off their shelves statewide and they paid civil penalties that topped $300,000.

The 2015 order was part of a nationwide reckoning over realistic looking toy guns in the wake of the fatal shooting of Tamir Rice, a 12 year-old Cleveland boy who was killed by police in November 2014 while holding a pellet gun.

The New York law bans retailers from selling or shipping toy guns of certain colors — black, dark blue, silver, or aluminum — that look like real weapons.

A realistic-looking toy gun Walmart shipped to New York.New York Attorney General’s Office

Toy guns sold in the state must be “made in bright colors or made entirely of transparent or translucent materials,” with businesses subject to a fine of $1,000 per violation, according to James’ office.

James said on Tuesday that an investigation by her office found that Walmart’s online store had shipped at least nine realistic-looking toy guns sold by third-party sellers to New York City, Westchester County and Western New York.

But the investigation also found that between March 2020 and November 2023, at least 46 imitation weapons that violate New York state law were purchased by consumers in the state through the Walmart.com platform, the settlement revealed.

“Realistic-looking toy guns can put communities in serious danger and that is why they are banned in New York,” James said in a statement.

“Walmart failed to prevent its third-party sellers from selling realistic-looking toy guns to New York addresses, violating our laws and putting people at risk,” she said.

“The ban on realistic-looking toy guns is meant to keep New Yorkers safe and my office will not hesitate to hold any business that violates that law accountable.”

Walmart must pay $14,000 in penalties and $2,000 in fees under the settlement, the AG’s office said.

That total of $16,000 is a tiny fraction of the approximately $49 million in net income Walmart earned on an average day in the most recent financial quarter.

CNBC has requested comment from Walmart, which neither admitted nor denied the findings by James’ office in its investigation.

As part of the settlement, Walmart is required to prohibit third parties from offering for sale or selling any of the imitation guns covered by the state law to buyers in New York.

“Walmart shall terminate the ability of a third party from being able to list and sell toy guns and imitation weapons on Walmart.com when it has determined that a third party has engaged in conduct” that violates that restriction on three separate occasions, the settlement said.

And “Walmart shall implement and maintain policies and procedures reasonably designed to prevent such third parties from offering for sale, exposing for sale, or selling Prohibited Items on Walmart.com for importation, holding for sale, or distribution to New York,” the settlement says.

This post appeared first on NBC NEWS

Keep Reading
Investing

Crypto Market Review: Trump Media Planning US$3 Billion Raise to Buy Bitcoin, Other Coins

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Monday (May 26) 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$109,039 as markets closed, up 1.2 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$109,003 and a high of US$110,162.

Bitcoin performance, May 26, 2025.

Chart via TradingView.

Ethereum (ETH) finished the trading day at US$2,540.88, a 0.7 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,534.30 and saw a daily high of US$2,567.88.

Altcoin price update

  • Solana (SOL) closed at US$174.15, up 1.1 percent over 24 hours. SOL experienced a low of US$174.12 in the final minutes of trading and reached a high of US$178.07.
  • XRP is trading at US$2.31, reflecting a 0.2 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.30 and a high of US$2.33.
  • Sui (SUI) peaked at US$3.47, showing a decreaseof 1.9 percent over the past 24 hours. Its lowest valuation on Monday was US$3.59.
  • Cardano (ADA) is trading at US$0.7549, up 0.9 percent over the past 24 hours. Its lowest price of the day was US$0.7547, and it reached a high of US$0.7688.

Today’s crypto news to know

Could soaring debt send Bitcoin to US$1 million by 2030?

Prominent voices are calling for US$1 million Bitcoin by the end of the decade, a Cointelegraph post shows.

ARK Invest CEO Cathie Wood sees Bitcoin hitting US$1.5 million by 2030 in a high-conviction ‘bull case’ scenario, driven upward by institutional adoption and the coin’s unique monetary properties.

Robert Kiyosaki has echoed the million-dollar prediction, linking it to surging US debt and potential economic collapse, which he says will push investors to safe-haven assets like Bitcoin, gold and silver.

“I strongly believe, by 2035, that one Bitcoin will be over US$1 million, Gold will be US$30,000, and silver US$3,000 a coin,” the financial author posted on X, formerly Twitter, in mid-April.

“We have been quite bullish over the last five or six weeks. We have been bearish coming out of the Trump inauguration in February, but we turned quite bullish,” 10x Research CEO Markus Thielen told Cointelegraph on May 22.

If momentum continues, 2025 could mark Bitcoin’s most aggressive bull run to date. Still, volatility remains a key wildcard, especially as political and macroeconomic dynamics evolve.

Trader behind US$1 billion Bitcoin bet goes all in on PEPE memecoin

Pseudonymous trader ‘James Wynn,’ better known as “moonpig” on the decentralized exchange Hyperliquid, has become one of the most talked-about crypto traders after flipping from a billion-dollar Bitcoin bet to a US$1 million leveraged bet on memecoin PEPE. Days ago, Wynn closed a US$1.2 billion Bitcoin long position with a US$17.5 million loss, then doubled down on a US$1 billion short position using 40x leverage, netting US$3 million as Bitcoin dipped.

After posting about US$25 million in total profit from his trading spree, Wynn announced he’s walking away from perpetual trading. This type of trading involves derivatives contracts without an expiry date.

His latest PEPE trade, however, has already gained US$500,000 as the token jumped 6 percent in just a few hours.

The on-chain transparency of Wynn’s trades has captivated X users, turning him into a meme icon.

Strategy acquires more Bitcoin, faces legal challenges

Michael Saylor’s Strategy (NASDAQ:MSTR) has acquired an additional 4,020 BTC.

They were purchased between May 19 and 23 for US$427.1 million, as per a Monday announcement. These latest purchases were made at an average price of US$106,237 per BTC.

This marks Strategy’s fourth Bitcoin acquisition in May, bringing its total holdings to 580,250 BTC, acquired for approximately US$40.6 billion at an average price of US$69,979 per coin.

This Bitcoin acquisition occurred after Strategy director Jarrod Patten sold 2,650 Strategy shares worth nearly US$1.1 million between May 16 and 21, according to a report filed by Strategy on May 22.

Meanwhile, Strategy’s shares were down by over 10 percent last week, falling after a class-action lawsuit filed on May 16 alleged the misrepresentation of Bitcoin investments. The plaintiffs are seeking to recover losses for shareholders purportedly affected by securities fraud between April 2024 and April 2025.

Trump Media’s potential US$3 billion crypto acquisition plan

Trump Media and Technology Group (NASDAQ:DJT) is planning to raise US$3 billion to buy Bitcoin and other cryptocurrencies, according to a Monday report from the Financial Times.

According to the report, which cites six anonymous insiders, Trump Media is aiming to raise US$2 billion in fresh equity and another US$1 billion through a convertible bond.

ClearStreet and BTIG are among the brokers that could serve as underwriters on the deal.

The official announcement could come during Bitcoin 2025, taking place in Las Vegas this week. US Vice President JD Vance, Donald Trump Jr. and Eric Trump are expected to make appearances, along with David Sacks. The Bitcoin 2024 conference, which was held in Nashville, was where Trump made a highly publicized announcement about making the US the crypto leader of the world, a major turning point for his engagement with the crypto community.

Neither the Trump administration nor representatives for Trump Media have confirmed the story.

Musk starts X Money beta testing

Elon Musk has begun beta testing of X Money, a payment and banking app he is building into his social media platform X. The news was confirmed via social media post on Sunday (May 25) from an account called Tesla Owners Silicon Valley, which is not owned or operated by Musk or by Tesla (NASDAQ:TSLA); however, Musk confirmed the test, writing that access will be “very limited” due to the “extreme care” that must be taken with users’ savings.

The features and functionalities of X Money during this initial beta testing phase remain undisclosed, but integration of a payment and banking app into X represents a significant step toward Musk’s vision of an “everything app.’

Pakistan to dedicate 2,000 MW to Bitcoin mining, AI infrastructure

Pakistan’s finance ministry announced that it will allocate 2,000 megawatts (MW) of electricity to power Bitcoin-mining and artificial intelligence data centers. The initiative is being spearheaded by the government-backed Pakistan Crypto Council and is part of a national plan to monetize surplus electricity and modernize the economy.

Officials say the plan will not only alleviate grid imbalances, but also create tech-focused jobs and attract foreign investment. This marks one of the most ambitious state-backed crypto infrastructure moves by a developing country.

If successful, it could help position Pakistan as a regional hub for digital assets and artificial intelligence development. It also comes amid wider energy reforms aimed at revitalizing the nation’s troubled power sector.

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

Keep Reading
Investing

FPX Nickel and JOGMEC Initiate Exploration at the Expanded Klow Property in British Columbia

Investing 6 Mins Read

FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (‘ FPX ‘ or the ‘ Company ‘) is pleased to announce planned exploration activities at the Company’s Klow property (‘ Klow ‘ or the ‘ Property ‘), located 45 km north of the Company’s Baptiste Nickel Project. Exploration will be 100% funded by the Japan Organization for Metals and Energy Security (‘ JOGMEC ‘) under the terms of an earn-in agreement which provides JOGMEC the option to earn up to a 60% interest in the Property. The Company has recently expanded the mineral claims at Klow by 600%, bringing the Property to 164 km 2 and is currently preparing a wide-ranging surface rock sampling program over the summer of 2025 with the goal of advancing Klow to drill-ready status.

Highlights

  • Previous rock sampling and drilling has identified multiple large-scale awaruite nickel targets within the overall district-scale Klow Property (164 km 2 land package)
  • Historic drill results at the Klow North Target include a near-surface intercept of 316 m at a grade of 0.097% nickel-in-alloy (a chemical dissolution used to estimate nickel contained in awaruite mineralization, see Note 1 below)
  • Planned Property-wide rock sampling program aims to expand known mineralized zones and identify new awaruite mineralization with the goal of delineating drill targets
  • Exploration at Klow will be 100% funded by JOGMEC

‘Located north of our flagship Baptiste Nickel Project, and underlain by the same Trembleur ultramafic rocks that host Baptiste, Klow is one of the most highly prospective areas for awaruite mineralization in Canada ,’ commented Keith Patterson , FPX’s Vice President, Exploration. ‘Past results include surface samples and drill hole intercepts comparable to those from Baptiste, and large areas of the Property remain untested to date. We look forward to deepening our collaboration with JOGMEC in pursuit of advancing Klow to the drill-ready stage.’

Historic Work

The Klow Property is located 120 km northwest of Fort St. James and 45 km north of FPX’s flagship Baptiste Nickel Project. An all-season public road runs along the eastern margin of Klow, with a rail alignment located approximately 12 km west of the property.

Previous work at Klow includes mapping and rock sampling from 2009 to 2012, and a limited diamond drill program at the Klow North Target in 2012. Wide-spaced rock sampling has delineated several additional targets which will be further investigated with planned sampling in 2025.

The Klow North Target includes a broad zone of awaruite mineralization measuring approximately 1.0 by 1.5 km defined by surface rock samples containing elevated grades of up to 0.13% nickel-in-alloy (a targeted chemical dissolution used to estimate nickel contained in awaruite mineralization, more fully described in Note 1 below). A five-hole drill program was completed in 2012; DH-04 returned a significant result of 316 m at 0.097% nickel-in-alloy, from 10 m below surface.

Recent test work on 68 archived samples from this drill hole shows an excellent correlation between Davis Tube Recoverable (‘ DTR ‘) Ni grades and nickel-in-alloy grades with DTR producing values approximately 7-10% higher than historic nickel-in-alloy analysis. The Klow Target remains one of FPX’s highest priority targets outside the Decar Nickel District.

Elsewhere on the recently expanded Klow Property, historic rock sampling has delineated numerous target areas which remain largely open for expansion, with those samples having returned grades of up to 0.09% DTR nickel.

Planned 2025 Exploration Program

It is expected that crews will mobilize to the Property in early July to begin a comprehensive grid-based rock sampling program. In areas of known awaruite mineralization, sampling will target 100 x 200 metre spacing where possible. Further from known mineralization or in areas that were previously unsampled, sampling will target 200 x 1,000 metre spacing. FPX and JOGMEC have jointly approved a budget of $325,000 for work at Klow in 2025, which will be funded 100% by JOGMEC.

Klow Property Earn-In Agreement

On April 1, 2023 , FPX and JOGMEC entered into an earn-in agreement (the ‘ Klow Earn-In Agreement ‘) which provides JOGMEC the option to earn a beneficial interest in FPX’s Klow Project (‘ Klow ‘) in central British Columbia .

The key terms of the Klow Earn-in Agreement are as follows:

  • FPX grants to JOGMEC the option to earn a 60% beneficial interest in Klow by funding $1,000,000 in exploration expenditures by no later than March 31, 2027 (extended from a prior deadline of March 31, 2026 by mutual agreement of the parties)
  • Once JOGMEC has earned its 60% beneficial interest in Klow, the parties will thereafter fund exploration expenditures pro rata to their ownership interest
  • If either party’s beneficial interest in Klow is diluted below 10%, that party’s beneficial interest will be converted into a 1.5% NSR royalty over Klow, with the other party retaining a right to buy-back 1.0% of the NSR royalty for $3,500,000

The Klow Property is located on the traditional territories of multiple First Nations, many of whom are engaged on FPX’s nearby Baptiste Nickel Project.

Note 1: Historic Sampling and Analytical Methods

Many of the historic rock and drill-core results within the Company’s Klow Property database were analyzed for ‘nickel-in-alloy’ by a proprietary geochemical extraction which selectively targets nickel in awaruite (nickel-iron alloy) and does not recover significant nickel from sulphide or silicate minerals. Current industry best practices for analysis of magnetically recoverable nickel (awaruite) utilize Davis Tube Recoverable (DTR) analysis.  DTR nickel values refer to the portion of the total contained nickel that is recovered from a magnetically separated fraction of the sample. While both methods measure nickel in awaruite, awaruite particle exposure and grain size influence each method slightly differently; therefore these results are not directly comparable. All analytical work on 2025 Klow samples will utilize Davis Tube Recoverable (DTR) analysis.

Keith Patterson , P.Geo., FPX’s Vice President, Exploration, FPX’s Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron mineralization known as awaruite.  For more information, please view the Company’s website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

‘Martin Turenne’
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/27/c7472.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading