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A man once sued by the SEC wins Trump crypto contest to have dinner with the president

Editor's pick 4 Mins Read

We now know who won the contest to attend an intimate dinner with President Donald Trump by buying his cryptocurrency — and he’s a familiar face to Securities and Exchange Commission regulators and law enforcement officials.

Justin Sun, a Chinese-born crypto entrepreneur, confirmed in an X post Tuesday that he was behind the account, labeled ‘SUN,’ that purchased the most $TRUMP meme coin to sit at the president’s table at a crypto-focused gala scheduled for Thursday.

‘Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!’ Sun wrote. ‘As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry.’

He capped the post with an American flag emoji.

Critics have blasted the dinner contest as potentially unconstitutional and a blatant opportunity for corruption. Trump has not publicly commented on the accusations, and the Office of Government Ethics has declined to comment. A White House official did not immediately respond to a request for comment Tuesday.

The Trump administration is not directly involved in administering $TRUMP coin. As for the dinner, a White House official said in a statement that the president ‘is working to secure GOOD deals for the American people, not for himself.’

‘President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media,” White House spokesperson Anna Kelly said.

While Trump has not been as aggressive in directly promoting cryptocurrencies as some campaign backers in the industry had hoped, his administration has abandoned or paused many pending cases that had been brought against crypto entrepreneurs and businesses.

That includes Sun, who was charged in 2023 with market manipulation and offering unregistered securities. Regulators sought various injunctions against him that would have largely prevented him from participating in crypto in the U.S. The Verge, a tech industry website, had also reported Sun was the target of an FBI investigation.

But in February, the SEC, now controlled by Trump appointees, agreed to a 60-day pause of the suit in order to seek a resolution.

Two months earlier, Sun purchased $30 million in crypto tokens from World Liberty Financial (WLF), the crypto venture backed by Trump and his family, the website Popular Information reported.

Eventually, Sun became the largest publicly known investor in World Liberty after he brought his funding total to $75 million.

According to Bloomberg News, per the terms of World Liberty’s financial structure, 75% of the proceeds of token sales like Sun’s get sent to the Trump family as a fee — meaning they may have directly earned as much as $56 million.

On Jan. 22 — two days after Trump was inaugurated — Sun posted on X, “if I have made any money in cryptocurrency, all credit goes to President Trump.”

In April, The Wall Street Journal reported that Joe Biden’s Justice Department had been investigating Sun, noting that researchers had estimated that more than half of all illicit crypto activity took place on Sun’s Tron blockchain platform. The Journal said it wasn’t clear whether the investigation was ongoing. It said Sun’s representatives declined to comment about what they called “baseless allegations about legal matters” while denying Tron enables criminal activity.

Sun may now be a multibillionaire, with a net worth estimated at $8.5 billion, according to Forbes. He reportedly was forced to spend $2 billion to shore up one of his crypto firms that was facing collapse in 2022.

He did not immediately respond to a request for comment about what he hoped to get out of the dinner with the president.

Sun has also earned headlines for purchasing ‘Comedian,’ an art installation composed of a banana duct-taped to a wall, for $6.2 million, and for buying lunch with Warren Buffett for $4.57 million.

This post appeared first on NBC NEWS

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Editor's pick

Target calls price hikes a ‘very last resort’ for offsetting tariffs as sales slump

Editor's pick 5 Mins Read

Raising prices on consumers to cover the costs of President Donald Trump’s tariffs will be Target’s ‘very last resort,’ CEO Brian Cornell said Wednesday.

The remarks came as Target reported weaker-than-expected sales in its first quarter and cut its full-year forecast. The retailer, whose business hasn’t fared as well against rivals better known for bargain prices, has “many levers to use in mitigating the impact of tariffs,” Cornell said.

Major retailers appear to be treading cautiously around the question of price hikes after Trump slammed Walmart last weekend for warning that shoppers could pay more due to tariffs. In the days since, Target, Lowe’s and Home Depot have each made carefully worded remarks about the potential for higher prices or minimized discussion of tariffs altogether.

Walmart said last week that it customers would likely start seeing some prices climb as soon as this month because tariffs have created a more “challenging environment to operate in.” While presidents typically avoid appearing to dictate individual companies’ strategies, Trump castigated Walmart on his social media platform, demanding that it “EAT THE TARIFFS” and adding, “I’ll be watching, and so will your customers!!!”

“We’ll keep prices as low as we can for as long as we can given the reality of small retail margins,” Walmart told NBC News Saturday in response to Trump’s post. Days later, Home Depot all but ruled out near-term price hikes, citing its scale and supply-chain arrangements. Lowe’s barely mentioned tariffs when it reported earnings Wednesday but said just 20% of what its shoppers buy now comes from China, after years of diversifying its sourcing.

For Target, Cornell emphasized that tariffs were just one factor in a series of “massive potential costs” the company is grappling with. He pointed to consumer uncertainty over the direction of the economy and a high-profile backlash over Target’s watering down of its diversity, equity and inclusion policies. The retailer had expanded those initiatives after police murdered George Floyd in its hometown, Minneapolis, five years ago this weekend.

Target has rolled out discounts over the past year to lure inflation-weary shoppers and touted plans to expand its third-party marketplace to offer a broader range of items. To deal with new trade policy challenges, it’s negotiating with vendors, reassessing its product lineup and adjusting its foreign supply chain, Chief Commercial Officer Rick Gomez told investors Wednesday.

‘Half of what we sell comes from the U.S.,’ he said, adding that Target is expanding production in the United States and in other countries outside of China, whose exports currently face a 30% import tax.

Target’s stock fell more than 5% Wednesday during a broader market sell-off.

Some major companies that sell products at leading retailers have raised prices or said they’re considering doing so, including toolmaker Stanley Black & Decker, consumer products giant Procter & Gamble, sportswear brand Adidas and toy maker Mattel.

Mattel, the maker of Barbie dolls, has also come under fire from Trump, who threatened to hit it with 100% tariffs this month, after it signaled price hikes were on the table.

Big companies generally have more latitude to handle cost increases and other economic headwinds than their smaller counterparts. The U.S. Chamber of Commerce and independent business owners have warned that tariffs threaten to snuff out many small operators, chipping away at the competition for already large corporate rivals.

The National Retail Federation, which represents some of the biggest retailers in the country, has emphasized that risk in lobbying against new levies. “Small and medium-sized businesses will be disproportionately affected by the tariffs, with many saying they will have to raise prices or shut down,” it says on its website.

So far, “consumers are still spending despite widespread pessimism fueled by rising tariffs,” NRF Chief Economist Jack Kleinhenz said in a statement last week after retail sales eked out a modest 0.1% rise in April.

But even the largest multinational companies aren’t insulated from tariff-driven uncertainty, the NFR and industry analysts say. Like Target, several large firms have revised or scrapped their financial outlooks in recent weeks, unsure how the White House’s trade agenda will affect them. Nike plans to increase prices on several items between now and June 1, a person familiar with the matter told NBC News on Wednesday.

Not every retailer is voicing tariff jitters. The parent company of T.J. Maxx and Marshalls beat sales estimates Wednesday and maintained its full-year forecast. The discounter, which buys unsold merchandise from other brands that have already paid tariffs on much of it, said it expects to be able to handle the pressure from higher import taxes.

Sportswear brand Canada Goose, which makes popular winter jackets, also exceeded Wall Street expectations. But it joined the slew of companies pulling their forecasts for the rest of the year, citing an “unpredictable global trade environment.”

This post appeared first on NBC NEWS

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S&P 500, Bitcoin & XLK: What the Charts Are Saying Now

Stock 1 Min Read

In this video, Frank dives into some of his favorite features on StockCharts.com. He then dissects the S&P 500 and Bitcoin price action, before exploring the the XLK Technology ETF’s explosive move off the lows. He also highlights a few recent trade ideas and setups worth watching. Get trade ideas and chart setups worth watching in today’s technical review.

This video originally premiered on May 20, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

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Investing

Metals Focus: PGMs Deficits Deepen as Supply Tightens and Demand Realigns

Investing 6 Mins Read

Despite economic and geopolitical upheaval, 2024 was relatively calm for platinum-group metals (PGMs).

In its new PGMs report, research firm Metals Focus notes that all five PGMs — platinum, palladium, rhodium, iridium and ruthenium — ended 2024 in physical deficit, marking a pivotal year of stabilization and supply strain.

With tightening mine output, rising hybrid vehicle demand and industrial shifts driving ruthenium and iridium gains, 2025 is set to test the sector’s resilience amid constrained supply and cautious investor sentiment.

As the sector looks to 2025, the outlook remains constrained but cautiously optimistic.

PGM supply constraints widen deficits

While all five PGMs were in physical deficit last year, overall mine supply did edge on 2 percent year-on-year.

However, Metals Focus notes that this figure masks underlying weaknesses.

Much of the gain stemmed from temporary factors, such as the release of work-in-process stockpiles, particularly in South Africa, which accounted for a significant portion of the PGMs inventory processed during the year.

Platinum mine supply rose 3 percent to 5.77 million ounces, mainly due to output from South Africa, whose production exceeded 4 million ounces for the first time since 2021. Yet stripping out the one-time work-in-process boost, global production was more than 1 million ounces below the 2010 to 2021 average of 14.95 million ounces.

For palladium, mine supply rose less than 1 percent, bolstered by modest gains in Russia and stock drawdowns in South Africa, even as Canadian output dropped 10 percent due to price pressure.

The report notes that production cuts in high-cost regions were inevitable, owing to closures like Sibanye-Stillwater’s (NYSE:SBSW) shutdown of Stillwater West and curtailed operations at East Boulder.

In total, platinum ended the year with a second consecutive shortfall. Palladium was short by 407,000 ounces, continuing a near-decade trend of tightness. Rhodium, ruthenium and iridium also closed the year with deficits of 178,000 ounces, 219,000 ounces and 49,000 ounces, respectively — an across-the-board supply squeeze not seen in years.

Demand for PGMs shifts under electrification and industrial dynamics

On the demand side, the automotive sector — the dominant consumer of PGMs — saw a 4 percent contraction in fabrication demand to 12.14 million ounces, the first such drop since the pandemic year of 2020.

The continued rise of battery electric vehicles (BEVs), which do not use PGMs in their drivetrains, contributed to a 2 percent decline in catalyzed vehicle output. Although BEV growth slowed to 9 percent — its weakest since the technology gained mainstream traction — its market share still rose from 12 percent to 13 percent.

Hybrids, however, offered a bright spot for PGMs, with production jumping 28 percent and often requiring heavier PGM loadings than traditional internal combustion engine (ICE) vehicles. This helped cushion demand for autocatalysts, particularly platinum, which saw slower rates of palladium substitution as the price gap narrowed.

Platinum demand, in contrast, overall fell by 2 percent to 7.79 million ounces. Automotive and industrial usage were also dragged down by a 27 percent plunge in chemical applications, particularly in China’s paraxylene sector.

But jewelry demand surged 9 percent — its strongest growth since 2019 — driven by India’s booming export orders and Japanese consumers shifting from gold due to its soaring price.

Ruthenium and iridium, the lesser-known PGMs, also saw rising industrial relevance.

Ruthenium demand surged by 20 percent — reaching its highest level since 2006 — fueled by China’s caprolactam chemical sector and artificial intelligence-driven growth in hard disk drive production.

Meanwhile, iridium demand jumped 15 percent to a record 298,000 ounces, driven by ballast water treatment systems, acetic acid output, and early stage copper foil applications.

Palladium, long buoyed by ICE reliance, saw total demand fall 4 percent to 9.75 million ounces.

Automotive fabrication dropped 5 percent, with thrifting and substitution playing an increasing role, though the latter slowed due to narrowing discounts with platinum. Industrial use remained stable, down less than 1 percent, with electronics up 1 percent amid recovering consumer tech and AI hardware growth.

Recycling gains traction, but can’t fill supply gap

Secondary supply helped offset falling mine output, with autocatalyst recycling up 9 percent year-on-year.

Metals Focus largely attributes this gain to higher vehicle scrappage rates, improved new car sales and aggressive recycling incentives in China. Still, recycling fell short of restoring equilibrium.

Platinum secondary supply rose just 1 percent as jewelry recycling remained weak, with Chinese and Japanese flows down due to sustained low prices and reduced scrap availability.

Palladium fared better with a 9 percent increase — its strongest growth in five years — again led by China, where palladium dominates catalytic converter formulations.

Yet, even with these gains, total recycling volumes were insufficient to offset underlying shortfalls. Jewelry scrap fell by 29 percent for platinum and 45 percent for palladium compared to 2021, underscoring a structural shift in the recycling base amid changing consumer behavior and metal substitution.

PGMs prices stabilize, but caution prevails

PGMs prices stayed fairly in 2024, with volatility restrained.

Platinum traded within a tight US$850 to US$1,100 per ounce band, hovering mostly from US$900 to US$1,000.

Palladium, despite ongoing bearish sentiment, found support at US$900 per ounce, while rhodium stabilized around US$4,400 per ounce after collapsing from highs above US$29,000 in 2021. Meanwhile, iridium fell 12 percent in price over the year, though bargain hunters helped maintain a floor around US$4,000 per ounce.

Ruthenium rebounded 24 percent from September lows, ending the year supported by robust Chinese demand.

While the PGMs markets appear to be finding their bottom, the Metals Focus report emphasizes that the risk of supply squeezes and price spikes remains.

Indeed, short positioning on the CME contributed to sporadic rallies, especially for palladium. Net managed money positions averaged 1.05 million ounces short for the year, peaking at 1.63 million ounces in August.

Metals Focus’ 2025 PGMs outlook

Looking ahead, 2025 is expected to continue many of 2024’s trends.

Physical deficits will persist, particularly in rhodium, ruthenium, and platinum. Above-ground stocks (AGS) remain elevated for platinum and palladium, muting potential price rallies, but continued mine cutbacks could shift this balance over time.

Forecasts suggest platinum will average US$970/oz, up slightly from 2024. Palladium is expected to average US$930, down 5 percent year-on-year, while rhodium may rise 8 percent to US$5,000, supported by its deficit and scarce above-ground reserves.

Ruthenium is forecast to jump 26 percent to US$550, with iridium expected to average US$4,100, a 14 percent drop driven largely by 2024’s elevated base.

In sum, 2024 marked a transitional year for the PGMs—one of normalization rather than expansion. Supply remains tight, demand is recalibrating in the face of technological shifts, and investors are returning cautiously.

Whether 2025 brings further recovery or renewed disruption for the collective will depend not just on markets—but on mines, metals, and momentum-shifting market sentiment.

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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Investing

5 Small-cap Biotech ETFs to Watch

Investing 4 Mins Read

Thanks to exchange-traded funds (ETFs), investors don’t have to be tied to one specific stock. When it comes to biotech ETFs, they give sector participants exposure to many biotech companies via one vehicle.

ETFs are a popular choice as they allow investors to enter the market more safely compared to investing in standalone stocks. A key advantage is that even if one company in the ETF takes a hit, the impact will be less direct.

All other figures were also current as of that date. Read on to learn more about these investment vehicles.

1. ALPS Medical Breakthroughs ETF (ARCA:SBIO)

AUM: US$80.23 million

Launched in December 2014, the ALPS Medical Breakthroughs ETF tracks small- and mid-cap biotech stocks that have one or more drugs in either Phase II or Phase III US FDA clinical trials. Its holdings must have a market cap between US$200 million and US$5 billion.

There are 100 holdings in this biotechnology fund, with about 60 percent being small- and micro-cap stocks. Its top holdings include Verona Pharma (NASDAQ:VRNA) at a weight of 5.31 percent, Alkermes (NASDAQ:ALKS) at 4.41 percent and Axsome Therapeutics (NASDAQ:AXSM) at 4.24 percent.

2. Tema Oncology ETF (NASDAQ:CANC)

AUM: US$63.67 million

The Tema Oncology ETF provides exposure to biotech companies operating in the oncology industry. It includes companies developing a range of cancer treatments, including CAR-T cell therapies and bispecific antibodies.

Launched in August 2023, there are 52 holdings in this biotechnology fund, of which about half are small- to mid-cap stocks and 4 percent are micro-cap stocks. Among its top holdings are Revolution Medicines (NASDAQ:RVMD) at a 6.05 percent weight, Roche Holding (OTCQX:RHHBF,SWX:RO) at a weight of 5.08 percent and Eli Lilly and Company (NYSE:LLY) at 4.87 percent.

3. Tema GLP-1 Obesity and Cardiometabolic ETF (NASDAQ:HRTS)

AUM: US$51.5 million

Launched in November 2023, the Tema GLP-1 Obesity and Cardiometabolic ETF tracks biotech stocks with a focus on diabetes, obesity and cardiovascular diseases. The fund was renamed on March 25 from Tema Cardiovascular and Metabolic ETF. More than three-quarters of its holdings are based in the US.

There are 47 holdings in this biotechnology fund, with about 75 percent being large-cap stocks and 18 percent mid-cap. Its top holdings are Eli Lilly and Company at a 9.92 percent weight, Abbott Laboratories (NYSE:ABT) at 4.77 percent and AstraZeneca (NASDAQ:AZN) at 4.14 percent.

4. ProShares Ultra NASDAQ Biotechnology (NASDAQ:BIB)

AUM: US$44.19 million

The ProShares Ultra NASDAQ Biotechnology ETF was launched in April 2010 and is leveraged to offer twice daily long exposure to the broad-based NASDAQ Biotechnology Index, making it an ideal choice “for investors with a bullish short-term outlook for biotechnology or pharmaceutical companies.” However, analysts also advise investors with a low risk tolerance or a buy-and-hold strategy against investing in this fund due to its unique nature.

Of the 268 holdings in this ETF, the top biotech stocks in the ETF are Gilead Sciences (NASDAQ:GILD) at a 6.06 percent weight, Vertex Pharmaceuticals (NASDAQ:VRTX) at 5.99 percent and Amgen (NASDAQ:AMGN) at 5.84 percent. Additionally, over a third of its holdings are in United States Treasury Bills.

5. Direxion Daily S&P Biotech Bear 3x Shares (ARCA:LABD)

AUM: US$43.42 million

The Direxion Daily S&P Biotech Bear 3x Shares ETF is designed to provide three times the daily return of the inverse of the S&P Biotechnology Select Industry Index, meaning that it rises in value when the index falls and falls in value when it rises. Leveraged inverse ETFs are designed for short-term trading and are not suitable to hold long-term. They also carry a high degree of risk as they can be significantly affected by market volatility.

The top three life science holdings in this ETF are Exact Sciences (NASDAQ:EXAS) at a weight of 2.23 percent, Alnylam Pharmaceuticals (NASDAQ:ALNY) at a weight of 2.15 percent and Neurocrine Biosciences (NASDAQ:NBIX) at 2.03 percent.

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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Anteros Identifies High-Grade Copper-Gold Targets at the Strickland VMS Property, Newfoundland

Investing 7 Mins Read

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) is pleased to report results from recent assessment work at its 100% owned Strickland VMS Property (‘Strickland’ or the ‘Property’) in southwestern Newfoundland. The work focused on the digitization and interpretation of multi-element geochemical data from historic trenching, advancing drill targeting efforts on this underexplored polymetallic volcanogenic massive sulphide (‘VMS’) system.

Prior to its public listing, Anteros commissioned the compilation, digitization, and 3D geological modelling of the Strickland VMS system in 2023 and 2024. This foundational work established a strong understanding of Property’s geology, alteration, and structure, and enhanced the understanding of multiple mineralized zones along a 1.4 kilometre trend (Figure 1). Since going public, Anteros has advanced the project through targeted follow-up, focusing on geochemical vectoring and priority zone refinement. The 2025 program confirmed compelling indicators of feeder-style alteration and mineralization in underexplored zones and highlighted several new high-priority exploration targets.

Mineralization Highlights:

  • Feeder-style alteration and mineralization confirmed: Compilation of 95 multi-element assays from 2012 trenching, integrated with historical drill data in 3D models, is helping to vector toward the potential VMS core and optimize future drill targeting.
  • Copper Zone: Now a high-priority target, with historical trench sampling returning up to 3.7% Cu and 3.25 g/t Au over 1 metre (Cu-C1, Table 1), alongside elevated cobalt and intense alteration – features consistent with VMS feeder conduits.
  • Gold Zone: Historical trenching returned 1-metre intervals up to 3.2% Cu and 1.32 g/t Au (Au-C1, Table 1), with alteration and elemental ratios indicating proximity to a hydrothermal center. This zone has never been drill-tested.
  • Main Zone and Main Extension: Historical trench samples demonstrate elevated Pb-Zn-Ag over extended strike lengths, consistent with stratiform VMS-style mineralization.

Table 1: Select 2012 Historical Trench Intercepts1 from Key Mineralized Zones

TRENCH ID ZONE FR. (m) TO (m) INT. (m) Cu % Pb % Zn % Ag g/t Au g/t
Au-C1 Gold 1.20 6.40 5.20 0.84 0.35 0.10 75.6 0.77
including Gold 5.40 6.40 1.00 3.20 0.50 0.35 131.0 1.32
Cu-C0 Copper 0.00 19.00 19.00 0.62 0.11 0.41 7.3 0.14
including Copper 0.00 5.00 5.00 1.65 0.09 0.08 13.3 0.32
including Copper 4.00 5.00 1.00 4.20 0.16 0.20 33.4 0.79
including Copper 7.00 12.00 5.00 0.30 0.33 1.42 9.9 0.11
Cu-C1 Copper 1.00 6.00 5.00 1.91 0.05 0.03 26.6 1.83
including Copper 2.00 3.00 1.00 3.70 0.05 0.01 43.2 3.25
Cu-C2 Copper 4.00 10.00 6.00 0.38 0.27 0.28 13.4 0.74
Cu-C3 Copper 0.00 4.00 4.00 0.69 0.40 0.25 42.9 0.26
M-C1 Main 0.00 4.00 4.00 0.03 2.05 3.96 262.6 0.30
M-C2 Main 2.20 5.20 3.00 0.03 1.19 0.24 123.5 0.16
M-C3 Main 0.00 2.20 2.20 0.04 1.93 0.13 452.9 0.31
MX-C1 Main Extension 0.00 3.75 3.75 0.10 2.10 3.86 152.2 0.06
MX-C2 Main Extension 0.00 1.40 1.40 0.11 5.14 8.95 311.6 0.40

1Trench intercepts are historic and may not be representative of true width

Figure 1: Property Location, Geology, and Mineralized Zones

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9885/252765_5c0e3cf3b422294e_002full.jpg

‘The presence of multiple, mineralized zones along an over 1 kilometre trend indicates a significant VMS system,’ said Trumbull Fisher, Anteros CEO. ‘Specifically, the underexplored feeder-style alteration and high-grade gold-copper intervals of the Copper and Gold Zones have emerged as immediate exploration priorities.’

Next Steps

Building on the promising results to date, Anteros is planning a focused exploration program that includes:

  • Field verification of historical trench and drill collar locations to validate spatial accuracy
  • Integration of additional multi-element geochemistry into 3D models to refine and prioritize drill targets
  • Hyperspectral and induced polarization (‘IP’) surveying to image alteration halos and sulphide concentrations at depth
  • Diamond drilling of the Copper and Gold Zones, which remain largely untested despite returning high-grade trench results

About The Property

Strickland is held 100% by Anteros and is located approximately 85 kilometres south of Stephenville, within the Exploits Subzone of the prolific Dunnage Zone in central Newfoundland – an area renowned for hosting world-class VMS deposits. The Property hosts seven documented zones of copper (‘Cu’), lead (‘Pb’), zinc (‘Zn’), silver (‘Ag’), gold (‘Au’) mineralization along a 1.4 kilometre trend.

Mineralization at Strickland is interpreted to represent a bimodal-felsic (Kuroko-type) VMS system. Documented sulphide mineralization includes sphalerite, chalcopyrite, galena, and pyrite in high-grade polymetallic horizons-positioning the Property within the scope of Canada’s Critical Minerals Strategy.

In 1981, D.R. Prince of Falconbridge Nickel Mines Ltd. reported the following historical mineral inventories:

  • 260,000 tonnes at 195 g/t Ag and 5.25% combined Pb and Zn at the Main Zone,
  • 15,000 tonnes at 480 g/t Ag and 2% combined Pb+Zn at the Silver Hill Zone, and
  • 750,000 tonnes at 2% combined Pb+Zn at the Main Extension Zone

(Source: Falconbridge Nickel Mines Ltd., Internal Report, Geofile #011O/16/0139)

These estimates are considered historical in nature and were not prepared using current Canadian Institute of Mining, Metallurgy and Petroleum (‘CIM’) Definition Standards. A Qualified Person has not completed sufficient work to classify the historical estimates as current mineral resources, and Anteros is not treating them as current mineral resources. The Company considers these estimates relevant to the extent that they indicate the presence of significant mineralization and support continued exploration.

The reliability of the estimates is uncertain due to the age of the data, incomplete documentation of estimation methods, and the lack of modern QA/QC protocols. The original report does not provide specific cut-off grades, metal price assumptions, or a description of the estimation methodology. To verify or upgrade these estimates to current standards, Anteros would need to complete field validation of historic trench and drill collar locations, resample archived or in situ material using modern analytical methods, apply current QA/QC protocols, and complete a compliant geological model that supports estimation in accordance with CIM Definition Standards.

Since acquiring the Property in March 2022, Anteros has completed comprehensive digital compilation and geological modelling of historical data including airborne and ground geophysics, geological mapping, geochemistry, and over 7,000 metres of historical drilling and trenching.

More at www.anterosmetals.com/strickland.

Qualified Person

The technical content of this news release has been reviewed and approved by Jesse R. Halle, P.Geo., an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

About Anteros Metals Inc.

Anteros is a multimineral junior mining company applying data science and geological expertise to identify and advance critical mineral opportunities in Newfoundland and Labrador. The Company is currently focused on advancing four key projects across diverse commodities and development horizons. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com | Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200
St. John’s, NL, Canada
A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252765

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Dak Prescott ‘feels good’ at OTAs, not yet cleared for contact

Sport 2 Mins Read

The veteran quarterback took a step toward his return Tuesday, as he was on the field for seven-on-seven drills during the Dallas Cowboys’ second day of OTAs.

Prescott, who turns 32 in July, acknowledged it felt good to get back on the field. He also explained he has just one, longer-term obstacle to clear as he looks to fully return to action.

‘Pretty much can do it all. Feel good,’ Prescott said, per ESPN’s Todd Archer. ‘Yeah, I think I’m just not cleared for contact, which we’ve got a while for that anyways. Yeah, I’m out there in the team activities, feel good. Just trying to stay that way.’

Prescott injured his hamstring during the Cowboys’ Week 9 game against the Atlanta Falcons. He tore part of the muscle off the bone, which resulted in him needing season-ending surgery.

The longtime Dallas starter spent the offseason aggressively rehabbing the injury. That’s why he believes he’s in a good spot with his recovery.

‘My offseason started way earlier so that’s really essentially why I’m ahead,’ Prescott said, ‘on top of working with (director of rehabilitation Britt Brown), working with this training staff and (Prescott’s personal trainer) Luke (Wilson).’

Prescott doesn’t think he’ll be limited much as he continues to recover from the injury. As Archer reported, members of Dallas’ organization were originally concerned he would be limited as he returned from surgery.

‘People say a lot of things about me, man,’ Prescott said. ‘I just show up and control what I can control healthy. Trying to stay healthy. Feels good. Just trying to push the energy and make sure I continue to get better.’

This post appeared first on USA TODAY

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Justin Jefferson: Playing flag football in Olympics ‘a dream’

Sport 2 Mins Read

The NFL unanimously voted to allow its players to participate in flag football at the 2028 Los Angeles Olympics.

Minnesota Vikings wide receiver Justin Jefferson is among many who are excited about the league’s decision.

‘Just to think about the chances of playing in the Olympics and getting a gold medal, it’s a dream,’ Jefferson told reporters following the Tuesday announcement at the NFL’s spring meeting in Minneapolis.

Jefferson was named one of the NFL’s global flag football ambassadors in 2023. He has since worked with the league to raise the fast-growing sport’s profile.

Even so, the 25-year-old never expected the work to so quickly lead to a potential opportunity to compete in the Olympics.

‘Just reverting back to being a kid and watching the track and field meets, watching basketball win the gold medal – that’s something that as a kid, I always wanted to be a part of,’ Jefferson said. ‘But football wasn’t [global.] So now that we’re expanding the game and we’re going more globally, it’s pretty cool.’

While Jefferson is interested in potentially participating in the 2028 Olympics, he noted he would take time to weigh his decision to play, as the Summer Games aren’t for another three years.

‘I definitely would look forward to it if it came down to it, but that’s something I have to ask myself,’ Jefferson said of participating in the Olympics, per ESPN’s Brooke Pryor.

Jefferson isn’t the only NFL player considering participating in the Olympics. Patrick Mahomes and Tyreek Hill are among the most notable players to express an interest in playing flag football at the Los Angeles Games.

Like Jefferson, those athletes figure to take time to contemplate their decisions, but the NFL’s ruling has at least cleared a path for those stars to compete for spots on the Olympic team if they so desire.

This post appeared first on USA TODAY

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Thunder down Timberwolves in Game 1 of West finals: Highlights

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The Oklahoma City Thunder stomached a nauseating shooting performance from MVP finalist Shai Gilgeous-Alexander through two-and-a-half quarters, absorbed a 3-point barrage from Minnesota’s Julius Randle, relied on their trademark depth and versatility and emerged with a 114-88 victory in Game 1 of the Western Conference finals.

Gilgeous-Alexander missed 11 of his first 13 shots but found his shooting touch in the second half, scoring 12 of his game-high 31 points in the third quarter and finishing with nine assists, five rebounds and three steals. All-Star Jalen Williams added 19 points, eight rebounds, five assists and five steals, and Chet Holmgren had 15 points and seven rebounds.

The Thunder took control of the game in the second half, closing the third quarter on a 20-6 run for a 76-56 lead and Oklahoma City extended its lead to 99-84 with 4:24 left in the fourth quarter. Oklahoma City outscored Minnesota 70-40 in the second half.

While bench points were close (32-26 OKC), Minnesota’s reserves shot just 9-for-37 from the field, including 5-for-28 on 3-pointers. The Thunder, which had the No. 1 defense during the regular season, held the Timberwolves to 34.9% shooting from the field and 29.4% on 3s.

Randle scored 20 points and made five 3s in the first half, but he had just eight points in the second half. Timberwolves star Anthony Edwards had a pedestrian 18 points and nine rebounds. He left the game briefly in the first quarter to check on a bothersome right ankle. He returned in the second quarter and appeared fine.

While just one game, the Game 1 winner is important. Game 1 winners in a best-of-seven series have won the series 75.4% of the time, and teams that win Game 1 of a best-of-seven series at home go on to win the series 84.4% of the time.

Game 2 is Thursday in Oklahoma City (8:30 p.m. ET, ESPN). Catch up on all the highlights from Game 1 with a recap from USA TODAY Sports:

Thunder vs. Timberwolves highlights

Jaden McDaniels fouls out

Minnesota’s Jaden McDaniels fouled out with 5:21 remaining in the game as the Timberwolves trailed 81-93.

End of Q3: Thunder 76, Timberwolves 66

The Thunder trailed by as many as nine points in the first half, but Oklahoma City found its rhythm in the third quarter and went on a 20-6 run to take an 10-point lead into the fourth quarter.

Shai Gilgeous-Alexander scored 12 of his 23 points in the third quarter, while Jalen Williams added 15 points. The Thunder is shooting 45.9% from the field, while the Timberwolves are shooting 33.9%.

The Timberwolves were outscored 32-18 in the third quarter. To make matters worse, Edwards picked up his fourth foul with 1:08 remaining in the third quarter. Jaden McDaniels also has four fouls. Edwards is up to 18 points and seven rebounds, while Julius Randle has 20 points (all scored in the first half). The Timberwolves bench has been held to 12 points.

Halftime: Timberwolves 48, Thunder 44

The Timberwolves head to the locker room with a four-point lead over the Thunder, thanks to a monster first half from Julius Randle. Randle has 20 of Minnesota’s 48 points, shooting 6-of-8 from the field and 5-of-6 from 3-pointers. His five 3s already marks a playoff career-high for Randle. 

The Timberwolves are 10-of-28 collectively from 3, while the Thunder have only hit 3-of-8 3-pointers. Oklahoma City, however, has done most of its damage inside and has outscored Minnesota 22-4 in the paint.

Despite having a team-high 11 points, Oklahoma City’s Shai Gilgeous-Alexander has struggled so far. He’s 2-of-13 from the field and 0-of-2 from 3, but he has made 7-of-9 free throws to save his stat line. 

The Timberwolves have surrendered 11 turnovers, which has translated to 18 points for the Thunder.

Anthony Edwards returns after ankle tweak

Just one quarter into the Western Conference finals, the Minnesota Timberwolves got an injury scare — and it concerns their best player.

With less than a minute to play in the period, All-Star shooting guard Anthony Edwards turned his right ankle while driving through the lane against the Oklahoma City Thunder when he landed on his foot, tweaking it. Edwards was fouled on the play and immediately grabbed at his ankle. He appeared to be in some discomfort.

Edwards stayed in the game and made one of his two free throw attempts after the injury. ESPN cameras showed that, after the quarter ended, Edwards went into the locker room, where he remained at the start of the second quarter, but he returned to the floor with 7:01 remaining in the half.

Read Lorenzo Reyes’ full injury report here.

End of Q1: Timberwolves 23, Thunder 20

The Timberwolves have a three-point advantage over the Thunder after one quarter. Anthony Edwards has a team-high 7 points (2-of-3 FG, 1-of-1 3PT) for Minnesota, but he headed back to the locker room limping with an apparent ankle injury. He appeared to tweak his right ankle after landing on Alex Caruso as he drove to the basket in the closing minutes of the first quarter. 

Despite coming off nearly a week of rest, the Timberwolves came out red-hot and jumped to a 8-0 lead over the Thunder, with their first five points coming from Minnesota’s Jaden McDaniels. The Thunder settled in and took their first lead of the night, 17-16, with 4:58 remaining. 

The Thunder’s relentless pressure was on full display and more than half of their points came off turnovers. The Timberwolves were forced into seven turnovers that Oklahoma City converted into 13 points. Thunder All-Star Shai Gilgeous-Alexander has a game-high 9 points (2-of-8 FG, 0-of-2 3PT).

What time is Timberwolves vs. Thunder?

Game 1 of the NBA’s Western Conference Final series between the Minnesota Timberwolves and Oklahoma City Thunder gets underway at 8:30 p.m. ET/7:30 p.m. CT.

How to watch Timberwolves vs. Thunder: TV, stream

  • Time: 8:30 p.m. ET/7:30 p.m. CT
  • Location: Paycom Center; Oklahoma City, Oklahoma
  • TV: ESPN
  • Stream: ESPN+, Fubo

Timberwolves-Thunder starting lineups

The Timberwolves and Thunder are sticking with the same lineups they’ve been riding throughout the 2025 NBA Playoffs:

Minnesota Timberwolves

  • Jaden McDaniels
  • Julius Randle
  • Rudy Gobert
  • Anthony Edwards
  • Mike Conley

Oklahoma City Thunder

  • Jalen Williams
  • Chet Holmgren
  • Isaiah Hartenstein
  • Lu Dort
  • Shai Gilgeous-Alexander

What is Thunder’s mascot?

The Oklahoma City Thunder’s mascot is none other than Rumble the Bison, who is named after the sound of thunder. Rumble the Bison made a special appearance on ESPN’s pregame show, leading many to wonder why a bison is the mascot? Well, bison are the official state animal of Oklahoma. 

Mike Conley stats

Conley averaged a career-low 8.2 points, 2.6 rebounds and 4.5 assists in 71 games this year, which marks his 18th season in the NBA. He has averaged 6.8 points, 3.8 assists and 3.3 rebounds in 10 games in the 2025 playoffs.

Stars align with Shai Gilgeous-Alexander, Anthony Edwards

Look at the NBA finalists and champions. You need stars to win, and both teams have them. Thunder guard Shai Gilgeous-Alexander is an MVP finalist and very well could win the award for the first time in his career. He’s a scorer first, especially inside the 3-point line and at the foul line, but he can create for others.

Timberwolves star Anthony Edwards will make one of the three All-NBA teams this season as he gets closer to MVP territory. Just 23 years old, Edwards’ ability to score, rebound, pass and defend makes him difficult to match-up with offensively and defensively. He’s fun to watch and has a delightful swagger to his game.

X-factors on strong rosters

Every game has a player who makes a bigger-than-expected contribution. It’s not always the same player, especially with the depth Minnesota and Oklahoma City possess. For Minnesota, it might be Jaden McDaniel’s defense or Rudy Gobert’s rim protection. Or a timely 3-pointer from Mike Conley or a big game from Donte DiVincenzo or Naz Reid.

For the Thunder, Alex Caruso was that player in Game 7 against Denver, with 11 points, three assists, three steals and intense defense. Chet Holmgren – at 7-1 – can make 3s, rebound and block shots, presenting unique problems for the opponent. Center Isaiah Hartenstein can deliver a double-double and Lu Dort’s shooting and defense can impact the outcome. The Thunder will go deep into their bench with Aaron Wiggins and Cason Wallace, Isaiah Joe and Jaylin Williams.

Thunder coach Mark Daigneault on T’Wolves’ officiating pleas

Oklahoma City’s Mark Daigneault isn’t worried about the Timberwolves trying to campaign for favorable calls.

‘I mean, teams, players, coaches are going to use the media to try to influence the whistle as a competitive advantage,’ Daigneault said Monday. ‘The margins are thin. In the playoffs, everyone’s looking for an advantage. Some teams will go to that to do that.’

Daigneault continued: ‘My mentality on that is, it’s the Western Conference finals. The (referees) working these games aren’t here for an accident. I don’t think they’re influenced by anything I say, anything our team says. I don’t think they’re compromised by anything anybody else says. You know, we just are going to focus on what we can control. If they are influenced by anything that anybody says in the media, they shouldn’t be working in the Western Conference finals, and everyone would know, because it’s been pretty consistent to this point. So that’s how I look at it.’

Timberwolves vs. Thunder predictions: Expert Picks

USA TODAY Sports experts make predictions ahead of the series Games 1:

Timberwolves vs. Thunder series winner

  • Jeff Zillgitt: Thunder in seven
  • Lorenzo Reyes: Thunder in six
  • Heather Tucker: Thunder in six
  • James Williams: Thunder in six
  • Jordan Mendoza: Timberwolves in six
  • Scooby Axson: Thunder in six
  • Cydney Henderson: Thunder in seven

Timberwolves vs. Thunder Game 1 winner

  • Jeff Zillgitt: Oklahoma City Thunder
  • Lorenzo Reyes: Oklahoma City Thunder
  • Heather Tucker: Oklahoma City Thunder
  • James Williams: Oklahoma City Thunder
  • Scooby Axson: Oklahoma City Thunder
  • Cydney Henderson: Oklahoma City Thunder

Timberwolves vs. Thunder odds

Odds via BetMGM as of Monday, May 19

Game 1 odds

  • Line: Thunder – 7.5
  • Moneyline: Thunder -325, Timberwolves +260
  • Over/under: 215.5

Odds to win Western Conference Final

  • Oklahoma City Thunder -350
  • Minnesota Timberwolves +280
This post appeared first on USA TODAY

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