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Silver Crown Royalties Announces Non-Brokered Private Placement

Investing 6 Mins Read

(TheNewswire)

TORONTO, ON TheNewswire – May 20, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce a non-brokered offering (the ‘ Offering ‘) for gross proceeds of up to C$2,000,000.

The Company intends to issue up to 307,692 units (‘ Units ‘) of the Company at a price of C$6.50 per Unit pursuant to the Offering. Each Unit will consist of one common share in the capital of the Company (‘ Common Share ‘) and one Common Share purchase warrant (‘ Warrant ‘). Each Warrant will be exercisable to acquire one (1) additional Common Share at an exercise price of C$13.00 for a period of three years from the date of the closing of the Offering (the ‘ Expiry Date ‘). Closing of the Offering will be subject to customary conditions precedent, including the prior approval of Cboe Canada Inc.

Peter Bures, Silver Crown’s Chief Executive Officer, commented, ‘In the current market environment, this financing paves the way to free cash flow in Q4 of this year by facilitating the completion of the second tranche of our silver royalty on PPX Mining Corp.’s Igor 4 project and other growth initiatives.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, In the current market environment, this financing paves the way to free cash flow in Q4 of this year by facilitating the completion of the second tranche of our silver royalty on PPX Mining Corp.’s Igor 4 project and other growth initiatives’ . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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Sport

Ranking Stanley Cup matchups with four teams remaining in NHL playoffs

Sport 3 Mins Read

The Edmonton Oilers and Dallas Stars are facing each other in the NHL Western Conference finals for the second year in a row, starting Wednesday night in Dallas.

In the Eastern Conference finals, the Florida Panthers and Carolina Hurricanes will meet in a rematch of the 2023 series. That series will open on Tuesday in Raleigh, North Carolina.

That leaves four possible matchups in the Stanley Cup Final: Stars vs. Hurricanes, Stars vs. Panthers, Oilers vs. Hurricanes or Oilers vs. Panthers, last year’s championship round.

Which matchup would be the best one to watch? All have their merits. USA TODAY ranks the four possibilities for the 2025 Stanley Cup Final:

1. Edmonton Oilers vs. Florida Panthers

Why not a rematch? Last year’s Stanley Cup Final certainly was entertaining, at least by the end. Florida won the first three games and appeared poised to sweep, only to be blown out 8-1 in Game 4. The Oilers forced a Game 7, but the Panthers found their game and won 2-1 at home for their first Stanley Cup title.

Both teams are filled with stars and are deeper than they were last season. Edmonton and Florida have the top offenses of the four remaining teams. Plus, the storylines abound. Can the Panthers repeat, and would we call them a dynasty if they do after three consecutive trips to the final? Will the Oilers become the first Canadian team since the 1993 Montreal Canadiens to win the Stanley Cup? Will Edmonton’s Connor McDavid, last year’s playoff MVP, and Leon Draisaitl win their first championships? The Oilers would have home-ice advantage this time.

2. Dallas Stars vs. Carolina Hurricanes

Want some fresher faces? This one works. Dallas was last in the final in 2020, Carolina in 2006. Plus, there is the Mikko Rantanen factor. He already beat the Colorado Avalanche this postseason after that team surprisingly traded him to the Hurricanes earlier in the season. He would have a chance to knock off another former team because the Hurricanes dealt him to the Stars when they feared he wouldn’t sign in Carolina. He has been a force in the playoffs with a league-best nine goals and 19 points. The Hurricanes, though, have been good at neutralizing other teams’ stars. Carolina’s Andrei Svechnikov is right behind Rantanen with eight goals.

3. Dallas Stars vs. Florida Panthers

These teams were well-represented at the 4 Nations Face-Off, so there is top-end talent. The Finnish Olympic team certainly would be paying attention. These teams also have the best remaining power plays. Panthers coach Paul Maurice and Stars coach Peter DeBoer are friends and are highly quotable. We would want this to go to Game 7 because DeBoer is 9-0 in winner-take-all games and Maurice is 6-0.

4. Edmonton Oilers vs. Carolina Hurricanes

This would be the top remaining offense (Edmonton) vs. the best defense (Carolina), though the Hurricanes’ style isn’t always the most exciting to watch. This would also be a rematch of the 2006 Stanley Cup Final. The Hurricanes led that series 3-1, but the eighth-seeded Oilers fought back before Carolina won in Game 7. Rod Brind’Amour was the first player to lift the Stanley Cup as Hurricanes captain. Will he get to lift the trophy for the first time as a coach?

This post appeared first on USA TODAY

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Sport

MLB power rankings: Red Sox get pummeled as star slugger powers up

Sport 4 Mins Read

In reality, Rafael Devers is among the least of the Boston Red Sox’s worries.

Devers’ reticence – or flat-out refusal – to move to first base after he agreed to a shift to designated hitter created plenty of headlines and prompted owner John Henry to fly to Kansas City and talk it out with his $313.5 million slugger.

Unfortunately for the Red Sox, Henry didn’t pack any pitching reinforcements on the plane.

Since that summit, Devers has been nearly unstoppable – with 15 hits in 34 at-bats, three homers and 13 RBIs in nine games. But the Red Sox are slowly slipping from shouting distance of the first-place New York Yankees, with 11 losses in their past 17 games to fall six spots in USA TODAY Sports’ power rankings.

It might have been 12 losses in 17 games if not for Devers, who saved them with his first career walk-off homer against Atlanta on Saturday.

A few hours later in the series finale, he erased an early deficit 3-0 with a grand slam. But the Red Sox gave up that lead and more, as they’ve done often lately. In losing five of its last six, Boston has twice given up 10 runs in a game and 14 in another. Their rotation ERA now languishes at 4.28, 22nd in the majors.

And nowadays, that means it doesn’t much matter how many runs the Red Sox score.

A look at our updated rankings:

1. Los Angeles Dodgers (-)

  • Feeling the change of the guard: Stalwarts Chris Taylor, Austin Barnes cut as Dalton Rushing steps on the scene.

2. Detroit Tigers (+2)

  • Tigers win Jackson Jobe’s first eight starts, setting franchise record.

3. New York Mets (-1)

  • Edwin Diaz, now 10-for-10 in save chances, ramps his fastball back up to 99 mph.

4. Philadelphia Phillies (+5)

  • At least Jose Alvarado’s PED suspension came well before the trade deadline.

5. San Diego Padres (-2)

  • Almost mathematically eliminated in the Vedder Cup.

6. San Francisco Giants (-)

  • Wilmer Flores, RBI machine, wins epic battle against Mason Miller for walk-off walk.

7. Chicago Cubs (-1)

  • PCA vs. the White Sox was no match: 8-for-14, nine RBIs, four extra-base hits.

8. New York Yankees (-1)

  • Jonathan Loaisiga’s return a nice boost for bullpen.

9. Seattle Mariners (-)

  • There’s a new ace in town and his name is Bryan Woo.

10. Cleveland Guardians (-)

  • Shane Bieber getting closer to a rehab assignment.

11. Minnesota Twins (+7)

  • You win 13 in a row, you jump 14 spots in the standings. Them’s the rules.

12. St. Louis Cardinals (-)

  • Started the year 1-10 on the road; just finished 7-2 road trip.

13. Kansas City Royals (-2)

  • Those heavy footsteps you hear? Jac Caglianone is one step from the big leagues.

14. Arizona Diamondbacks (+1)

  • Will be more than halfway done with Dodgers after three-game road set this week.

15. Houston Astros (-1)

  • Thirteen come-from-behind wins.

16. Texas Rangers (+3)

  • Evan Carter’s injury woes continue with quad strain.

17. Cincinnati Reds (+3)

  • Is Will Benson happening? He slams five homers in four games.

18. Atlanta Braves (+3)

  • They climb over .500, just in time to welcome back Spencer Strider and Ronald Acuña Jr.

19. Boston Red Sox (-6)

  • Kristian Campbell sliding to first to create room for Marcelo Mayer would be a helluva fix.

20. Toronto Blue Jays (-4)

  • Tigers show how far they have to go to be playoff team

21. Milwaukee Brewers (-4)

  • Jackson Chourio dropped to sixth in order, promptly strikes out four times.

22. Tampa Bay Rays (-)

  • Chandler Simpson survives unsettling slide at home plate.

23. Athletics (-)

  • Yolo County vs. San Francisco doesn’t quite have the same ring.

24. Washington Nationals (-)

  • Michael Soroka wins first game since July 2023.

25. Los Angeles Angels (+1)

  • First three-game sweep over Dodgers since 2010.

26. Baltimore Orioles (-1)

  • 15-30 record matches 2019 start, when they lost 108 games.

27. Miami Marlins (-)

  • Sandy Alcantara drops his sixth straight decision, a career high.

28. Pittsburgh Pirates (-)

  • Shut out in eight of their 32 losses.

29. Chicago White Sox (-)

  • .University of Tampa product Jordan Leasure racking up 12.9 strikeouts per nine.

30. Colorado Rockies (-)

  • 8-38, a pace that would knock the White Sox out of the record books.

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

This post appeared first on USA TODAY

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Sport

Storm top Wings, but Paige Bueckers shines in second WNBA game

Sport 6 Mins Read

Paige Bueckers and the Dallas Wings hosted the Seattle Storm on Monday night.

Skylar Diggins and the Storm were coming off a season-opening loss to the Phoenix Mercury on the road. Meanwhile, the Wings looked to bounce back from a season-opening loss to the Minnesota Lynx on Friday.

Bueckers, the No. 1 pick in the 2025 WNBA draft, had 10 points and seven rebounds in her pro debut against the Lynx.  She did even better Monday in Arlington, Texas, in her second game, but the Storm got the better of the Wings, with a 79-71 road victory. Bueckers looked nothing like a rookie, scoring a team-high 19 points, while adding eight assists, five rebounds and two steals.

For a lot of this game, Dallas actually looked like the superior team, but the second and fourth quarters were not kind to the Wings. Seattle won those quarters by a combined score of 44-25.

Nneka Ogwumike led the Storm with a monster double-double of 23 points and 18 rebounds. Diggins tallied 21 points and nine assists, and Gabby Williams added 17 points, five rebounds and five assists.

USA TODAY Sports provided updates and highlights throughout the game. Scroll below for the full recap of Storm vs. Wings:

Storm vs. Wings highlights

Final: Storm 79, Wings 71

The fourth quarter got off to a slow start. With both teams playing to prevent three-pointers, it took over two minutes for the first bucket of the quarter, when after a Bueckers missed jump shot, Kaila Charles was able to grab the rebound and shovel a quick pass to Maddie Siegrist for an easy layup.

After that bucket though, it was all Seattle. The Storm scored eight points before the Wings could record another bucket. Arike Ogunbowale particularly struggled, shooting just 2-of-14 on the night and just 1-of-8 from three. Ogunbowale has earned a little leeway given her strong career, but her poor shooting definitely contributed to Seattle’s loss.

End of Q3: Storm 66, Wings 61

It’s been a back-and-forth affair. Even though the Storm have been leading for most of this game, the push-and-pull from Dallas has been unforgiving. Every time the Storm think they have figured something out, the Wings storm back to make it interesting, outscoring the Storm 20-10 in the third.

Bueckers improved drastically with her ball control between the second and third quarters, recording three assists, a huge part of Dallas’ comeback attempt. Although Bueckers only had four points, she had two rebounds and two steals as well, creating opportunities on both ends of the floor, while Seattle has continued to rely on the Nneka Ogwumike (15 points), Gabby Williams (17), and Skylar Diggins (18) to provide almost all of the scoring. In fact, the rest of the Storm combined only have 14 points. Seattle will need someone else to step up in the final 10 minutes if they want to prevent Dallas from coming back.

End of Q2: Storm 56, Wings 41

Well, if you thought Dallas’ offensive outburst at the end of the first quarter would carry into the second, you’d be dead wrong. It was Seattle that stormed back (buh dum tss), almost furious at their performance at the end of the first.

The Storm outscored their opponents 31-15. Seattle shot 9-of-11 from beyond the arc.

Bueckers especially struggled in this quarter, tallying only five points (only three through the first 9.5 minutes) while recording some unfortunate turnovers in transition that led to points for Seattle. With about three minutes left in the quarter, there was one instance where a missed shot from the Storm led to a counterattack for Dallas. Bueckers tried threading the needle to her teammate who was out in front, but the pass was intercepted by Alysha Clark. On the ensuing defensive possession, Bueckers jumped in the air anticipating a pass, but Gabby Williams just drove past her instead and kicked the ball out to the corner, leading to a three-pointer from Skylar Diggins.

Bueckers has taken some big steps forward in between her first game and tonight. After all, she’s already set a career-high with 11 points, but plays like the one above will make it tough for Dallas to come back in the second half.

End of Q1: Wings 26, Storm 25

It’s been a close game through 10 minutes, with the Storm out in front of the Wings. Dallas’ Paige Bueckers had seven points in the first quarter, including a clutch three-pointer with under a minute to go to give Dallas the lead. The Wings ended the quarter on a 15-7 run.

Dallas’ passing also played a massive role in their comeback in the quarter. The team tallied seven assists on their first eight baskets and nine assists throughout the whole quarter. Myisha Hines-Allen had four of those assists for Dallas. However, Seattle’s Skylar Diggins leads all hoopers with five assists through the first.

Seattle’s Nneka Ogwumike leads all scorers with eight, but Dallas’ Bueckers and McCowan are close behind with seven and six respectively.

What time is Storm vs. Wings WNBA game?

The Seattle Storm will play the Dallas Wings at College Park Center in Arlington, Texas, on Monday, May 19, 2025. Tip-off is scheduled for 8 p.m. ET.

How to watch Storm vs. Wings WNBA game: TV, stream

  • Time: 8 p.m. ET
  • Location: College Park Center (Arlington, Texas)
  • TV: NBATV, KFAA (Dallas), CW (Seattle)
  • Stream: WNBA League Pass

Predictions for Storm vs. Wings:

Tyree writes, ‘Bueckers paced all Dallas Wings starters with 30 minutes in her debut and amassed 10 points alongside seven rebounds and a pair of assists. She wasn’t far off 22.5 despite shooting just 3-for-10 from the field against Minnesota. The WNBA is a step up from college but Bueckers shot better than 52% from the field in all four of her campaigns at UConn and only fell short of 41.0% from three in 2021-22.’

Dewey writes, ‘Seattle’s offense was stuck in mud in its season opener, while the Wings put up a cool 84 points in a loss to the Minnesota Lynx – who were one of the best defensive teams in the WNBA last season. Trading away Loyd for draft capital signaled to me that the Storm were willing to take a step back, and they lack proven scoring options after Skylar Diggins and Nneka Ogwumike.’

Edgington writes, ‘Paige Bueckers did score 10 points in her first WNBA game, but did so on only 30% shooting and zero made threes, along with four free throws. Hopefully, having first-game jitters out of the way, she has a more efficient shooting night against the Storm.’

This post appeared first on USA TODAY

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Sport

Shedeur Sanders, Browns agree to rookie deal: Contract details

Sport 2 Mins Read

While he had to wait until the fifth round of the 2025 NFL Draft to hear his name called, the 144th pick didn’t have to wait long before inking his deal to play in the league.

The Cleveland Browns announced on Monday that they have signed Sanders to his rookie deal. The contract is a four-year deal worth $4.6 million. For reference, fellow 2025 draft pick and current teammate Dillon Gabriel will eventually receive a slotted four-year deal worth $6.2 million for being drafted two rounds earlier.

It hasn’t been an easy road this offseason, but the ink is dried and now the work begins. Here’s what to know about Sanders’ first NFL contract.

Shedeur Sanders contract details

Sanders signed a four-year deal worth $4.6 million.

The quarterback will carry an average annual value (AAV) of about $1.16 million and received a signing bonus of $446,553, according to Spotrac.

It represents a steep drop from the contract that is slotted in the first round, which would’ve been a four-year deal worth over $40 million in total value if drafted inside the top five.

Early in the process, Sanders was considered in the running for the No. 2 pick, which later became his college teammate, Travis Hunter. The Jacksonville Jaguars’ two-way player received a contract worth $46.5 million in total value.

Sanders carried an NIL evaluation of $6.5 million, according to On3 Sports, but elected to pass on his final year of eligibility to enter the NFL draft.

The move hasn’t worked out from a monetary standpoint, but he did land on a team that presents an opportunity to start. It’s a crowded room in Cleveland, but anyone’s guess who eventually ends up with the job.

So while it’s a rocky start for Sanders in the pros, things change quickly – especially if he outplays that rookie deal.

This post appeared first on USA TODAY

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Sport

49ers make defensive star highest-paid linebacker in NFL with new deal

Sport 3 Mins Read

The San Francisco 49ers continue to dole out big-money contract extensions to their best players. Their latest extension is for linebacker Fred Warner.

Warner and the 49ers agreed to a three-year, $63 million contract extension including $56 million guaranteed, a source confirmed to USA TODAY Sports’ Tyler Dragon.

This is the second extension Warner’s signed since the 49ers drafted him in the third round, No. 70 overall in the 2018 NFL Draft out of BYU. He’s only missed one regular season game in seven years in the league and was a starter immediately.

Warner was a first-team All-Pro in 2020, the same year he made his first Pro Bowl. He’s made both in each of the last three seasons as one of the best linebackers in the NFL.

Warner had two years left on the extension he’d signed prior to the 2021 season. That deal made him the highest-paid linebacker in the league and this new extension does so again.

Warner joins tight end George Kittle and quarterback Brock Purdy among 49ers players who signed multi-year extensions this offseason. Kittle became the highest-paid tight end in the league with his deal.

The 2025 season marks Warner’s age-29 campaign and his eighth in the NFL. San Francisco’s defense could look much different this fall after losing players in free agency and bringing in new talent via the NFL Draft. Longtime coordinator Robert Saleh is back in the building as well.

Fred Warner stats

Since Warner entered the league in 2018, only three players have tallied more tackles than him: Bobby Wagner, Roquan Smith and Foyesade Oluokun.

Here’s how his stats have looked every season:

  • 2018 (16 games): 124 tackles, three tackles for loss, six passes defensed, one forced fumble, one fumble recovery
  • 2019 (16 games): 118 tackles, seven tackles for loss, 3.0 sacks, one interception, nine passes defensed, three forced fumbles
  • 2020 (16 games): 125 tackles, five tackles for loss, 1.0 sacks, two interceptions, six passes defensed, one forced fumble, two fumble recoveries
  • 2021 (16 games): 137 tackles, seven tackles for loss, 0.5 sacks, four passes defensed, one forced fumble, three fumble recoveries
  • 2022 (17 games): 130 tackles, three tackles for loss, 2.0 sacks, one interception, 10 passes defensed, one forced fumble
  • 2023 (17 games): 132 tackles, six tackles for loss, 2.5 sacks, four interceptions, 11 passes defensed, four forced fumbles
  • 2024 (17 games): 131 tackles, five tackles for loss, 1.0 sacks, two interceptions, seven passes defensed, four forced fumbles
This post appeared first on USA TODAY

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Stock

The Best Five Sectors, #19

Stock 4 Mins Read

Sector Rotation Shakeup: Industrials Take the Lead

Another week of significant movement in the sector landscape has reshaped the playing field. The Relative Rotation Graph (RRG) paints a picture of shifting dynamics, with some surprising developments in sector leadership. Let’s dive into the details and see what’s happening under the hood.

  1. (6) Industrials – (XLI)*
  2. (4) Financials – (XLF)*
  3. (1) Utilities – (XLU)*
  4. (2) Communication Services – (XLC)*
  5. (3) Consumer Staples – (XLP)*
  6. (8) Technology – (XLK)*
  7. (5) Real-Estate – (XLRE)*
  8. (9) Materials – (XLB)*
  9. (11) Energy – (XLE)*
  10. (10) Consumer Discretionary – (XLY)
  11. (7) Healthcare – (XLV)*

Weekly RRG

On the weekly RRG, Utilities and Consumer Staples maintain their high positions on the RS-Ratio scale. However, there are signs of waning momentum. Staples has rolled over within the leading quadrant and is now showing a negative heading. Utilities, while still strong, are losing some of their relative momentum.

Financials and Communication Services are hanging on in the weakening quadrant, but their tails are relatively short — indicating potential for a quick turnaround.

The show’s star, Industrials, has made a beeline for the leading quadrant, climbing on the RS-Ratio scale while maintaining a positive RRG heading.

Daily RRG

Switching to the daily RRG, we get a more granular view. Utilities, Staples, and Financials are found in the lagging quadrant, but Staples and Utilities are showing signs of life, turning back up towards the improving quadrant.

Financials, meanwhile, are hugging the benchmark.

The daily chart confirms Industrials’ strength, mirroring its weekly performance.

Communication Services, however, is showing some worrying signs — it’s dropped into the weakening quadrant on the daily RRG, confirming its vulnerable position on the weekly chart.

Industrials

XLI flexes its muscles, pushing against overhead resistance around the $144 mark.

A break above this level could trigger a further acceleration in price.

The relative strength line has already broken out of its consolidation pattern, propelling both RRG lines above 100 and driving the XLI tail deeper into the leading quadrant.

Financials

The financial sector continues its upward trajectory, trading above its previous high and closing in on the all-time high of around $53.

Like Industrials, a break above this resistance could spark a new leg up.

The RS line is moving sideways within its rising channel, causing the RRG lines to flatten—something to watch.

Utilities

XLU has finally broken through its overhead resistance, approaching its all-time high around $83.

After months of pushing against the $80 level, this breakout is a clear sign of strength.

The RS line is still grappling with its own resistance, but the RS-Ratio line continues its gradual ascent.

Communication Services

While XLC is moving higher on the price chart, its relative strength is lagging.

The sideways movement in the RS line is causing both RRG lines to move lower, with the RS-Momentum line already below 100.

This sector is rapidly approaching the lagging quadrant on the daily RRG—definitely one to watch for potential risks.

Consumer Staples

XLP is approaching the upper boundary of its trading range ($83-$85), where it is running into resistance. The inability to push higher while the market is moving up is causing relative strength to falter.

The recent strength has pushed both RRG lines well above 100, but the current loss of relative strength is now causing the RRG-Lines to roll over.

The tail is still comfortably within the leading quadrant, but this loss of momentum could signal a potential setback.

Portfolio Performance

The model portfolio’s defensive positioning has led to some underperformance relative to SPY, with the gap now just under 6%.

However, the model is sticking to its guns, maintaining a defensive stance with Staples and Utilities firmly in the top five.

It’s worth noting that Healthcare has now definitively dropped out of the top ranks. Nevertheless, with Staples and Utilities holding firm, and Technology and Consumer Discretionary still in the bottom half, the overall positioning remains cautious.

These are the periods when patience is key. We need to let the model do its work and wait for new, meaningful relative trends to emerge. It’s not always comfortable to endure underperformance, but it’s often necessary to capture longer-term outperformance.

#StayAlert, –Julius

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Investing

Uvre to Acquire Highly Prospective Gold Exploration Projects in New Zealand

Investing 4 Mins Read

Uvre Limited (ASX: UVA) (the Company or Uvre) is pleased to announce that highly regarded mining entrepreneurs Norman Seckold and Peter Nightingale will be appointed non-executive directors of Uvre with effect from settlement of the acquisition by the Company of 100% of the issued share capital of MEL (Acquisition). Norman Seckold and Peter Nightingale will emerge with 16.5% and 1.3% respective stakes in the Company upon settlement of the Acquisition and Equity Raise.

Highlights

  • Uvre has signed a binding agreement to acquire 100% of the fully paid ordinary shares in the capital of Minerals Exploration Limited (MEL) from the shareholders of MEL (Vendors). MEL’s wholly owned subsidiary is New Zealand gold explorer Otagold Limited (Otagold).
  • Highly regarded mining executives Norman Seckold and Peter Nightingale, who are major shareholders of MEL, will join Uvre as Non-executive Directors.
  • Norman Seckold was previously Chairman of the New Zealand gold developer Santana Minerals (ASX:SMI) and is currently Chairman of Alpha HPA (ASX:A4N), Nickel Industries (ASX:NIC), Fulcrum Lithium (ASX:FUL) and Sky Metals (ASX:SKY).
  • Subject to receipt of Shareholder approval, Uvre will issue 75 million fully paid ordinary shares in the capital of Uvre (Shares) at a deemed issue price of 8c per Share for a total of $6.0 million as the full consideration to the Vendors, including Mr Seckold who is the largest shareholder of MEL.
  • The acquisition of MEL is subject to completion of several conditions precedent, including due diligence on MEL, Otagold and the permits held by Otagold. The acquisition is also contingent on Uvre raising at least $4.0 million in a single tranche share placement at 8c per Share, to be lead managed by Bell Potter Securities Ltd (Equity Raise). The Equity Raise will be subject to shareholder approval.
  • Firm commitments have been secured for the $4.0m Equity Raise following a well-supported bookbuild, including incoming directors Norman Seckold ($500,000) and Peter Nightingale ($100,000) subject to shareholder approval.
  • Otagold holds a 100% interest in three exploration permits, one prospecting permit and one prospecting permit application in New Zealand covering 332sqkm of highly prospective ground (the Permits).
  • Otagold’s flagship asset is the Waitekauri Gold Project located 8km west of OceanaGold Corporation’s Waihi gold mine (10Moz) on New Zealand’s North Island; Waitekauri also sits adjacent to three other +1Moz Au deposits.
  • Extensive gold mineralisation and numerous drilling targets already identified at Waitekauri, which had historical production grade of 48g/t Au+Ag.
  • Uvre has executed a binding Share Sale Agreement (SSA) with the Vendors, MEL and Otagold with due diligence well advanced; Uvre will shortly call a shareholder meeting to approve the transaction, expected to be around the end of June 2025.

Uvre Executive Chairman Brett Mitchell said:

“This transaction is an exceptional opportunity for Uvre on several levels.

“Norm and Peter will bring a wealth of knowledge and experience in the resources business, along with a track record of creating substantial shareholder value through resource asset exploration and proįect development.

“The Otagold proįects led by Waitekauri have compelling gold exploration upside in a tier-one įurisdiction, as shown by the extensive mineralisation and drilling targets already identified.

“The combination of Norman’s well-known record in building successful mining proįects combined with the talented Uvre team, the immense exploration upside at these proįects and the strong financial position which will follow the placement will leave Uvre very well-placed to create significant value”.

Norman Seckold said:

“This transaction will enable Uvre to unlock what we believe is the substantial value of these proįects.

“We will have the assets, the team, the experience and the financial strength to conduct the immediate exploration programs which will maximise our ability to create value.

“The work we have already done on the proįects shows they are highly prospective and with the support of the Uvre team and access to capital, we can take them to the next level with the aim of building substantial gold inventories in a tier one location”.

Otagold Projects Summary

Otagold holds a 100% interest in three exploration permits, one prospecting permit and one prospecting permit application on New Zealand’s North and South Islands, covering 332km2 of highly prospective ground.

Click here for the full ASX Release

This article includes content from Uvre Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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