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This week, we get back to earnings and, sadly, the pickings are slim.

Given these turbulent times, we have two Consumer Staples stocks to examine — Lamb Weston (LW) and Conagra (CAG). They may not be the most exciting charts, but they show clear levels of interest that are worth noting.

There’s also the highly volatile stock Restoration Hardware (RH), which is trading close to a support level. This stock can be considered a high-risk, high-reward trade.

Let’s dive in…

Lamb Weston (LW)

Lamb Weston, best known for its iconic french fries, has gone on one of the wildest rides over the last four years. After a two-year uptrend, the stock has slowly and steadily gone on a two-year downtrend, giving back all its gains.

Earnings have been quite harsh over the last four quarters. There was one gain of 2.6%, with three losses that included a -19.4%, a -28.2%, and most recently a -20.1% decline. Shares now sit 54% off of all-time highs as the company heads into Thursday’s earnings report.

Technically, there is some hope.

Shares made a full roundabout from trough to peak and back to trough again, where they were able to find some major support. The $47.50/$48 level was the original double bottom that started the rally years ago, and now, when re-tested, it held again.

The risk/reward set-up appears to favor the bulls, barring another epic post-earnings drawdown. If shares sell off, the $47.50 level should get tested and could be a good entry point. However, the path to least resistance looks higher from this level. A mean reversion back to its long-term downtrend around the declining 200-day simple moving average would be good for a 23% gain.

Overall shares continue to act rather soggy, but one little quarter could spice things up and lead to a quick and satisfying return.

Restoration Hardware (RH)

Restoration Hardware has become one of the most volatile stocks after earnings over the last year-and-a-half and is one to watch with the report on Wednesday afternoon. Shares have moved an average of +/- 17% over the last six reports with gains of 17% and 25.5% over the last two.

Since last December’s 17% jump after results, the stock has declined as much as 50% from its recent highs. One major factor is the slowdown in the housing market, influenced by rising interest rates, which has dampened demand for home furnishings.

Technically, shares reached a major support level going back four years and held. It was the fourth time in four years that shares moved towards that $210 level and held. Clearly, we have a major level of interest to watch from a risk/reward set-up.

Shares hit extreme oversold levels in its relative strength index (RSI) in early March and have finally bounced. The rally back from oversold levels and a hold of key support should favor the bulls for now.

If you were to trade this into Wednesday afternoon’s earnings, you must watch that support level carefully. It has held time and again, and this would be a great area to dip into the stock with a stop-loss for protection just below support to minimize losses. Any positive reaction could see a fast snapback rally towards the 200-day moving average, which sits 35% above current levels. A simple mean reversion could equate to a nice return, while the stock remains in its longer-term downtrend.

ConAgra (CAG)

ConAgra, the parent company of Duncan Hines, Birds Eye, and Slim Jim, has struggled after earnings, as it has fallen five of the last six times it has reported.

Technically, shares sit in the middle of a range between its 50-day and 200-day moving averages. The consumer staple has held up relatively well compared to the overall market and has only declined -4.5% year-to-date. It pays a 5.3% dividend and is considered a safer haven in these turbulent times.

The $24.50/$25 level has acted as solid support and could be a good entry point given current market uncertainty. However, the upside has overhead resistance at the 200-day moving average and the $27.50/$28 level.

Overall, this may be a nice place to hide out during turbulent times, but the overall risk/reward is marginal, at best. It may be more rewarding to eat their products than to trade the stock.

The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It simply wasn’t close. Resistance failed, rotation turned bearish, volatility again expanded, and the bears are celebrating another short-term victory.

Check out this S&P 500 chart:

I’ve written about this to EarningsBeats.com members. I posted this exact chart in my StockCharts.com article a few days ago. I’ve discussed it on my YouTube shows. 5782 is THE key short-term price resistance and you can see above that the S&P 500 literally did an “about face” as soon as it touched this resistance. Sellers were lined up. Now that we’ve failed at 5782, it only makes this resistance level that much more important on any future rallies.

The serious technical damage occurred over the past 3 days as consumer discretionary stocks have been absolutely TROUNCED, while consumer staples hangs near its recent highs. If you recall, it was this HUGE disparity in consumer stocks on February 21st that triggered the massive selling episode. Now here we are again with consumer staples stocks (XLP) outperforming discretionary (XLY) by a mile. Check out this chart:

Doesn’t the action in consumer stocks the past 3 days exactly mirror the action we saw in the 2nd half of February and into the first week of March? Folks, this isn’t good.

This is just the tip of the iceberg.

Bear Market Ahead?

The S&P 500, from its recent all-time high to its subsequent low, fell 10.4%, which marks correction territory. The rally we saw off the March 13th low was likely due to oversold conditions, along with March options expiration. On Tuesday, March 18th, we discussed with our EB.com members that odds favored a short-term rally, based on max pain and we laid out key resistance from 5670 to 5782, with the 20-day EMA falling in the middle of this price range. Once we failed at 5782, it was very important to gauge the nature of any new selloff. That’s what I’ve been evaluating this week and it’s not pretty. As you can see in the chart above, money has once again started rotating into the XLP and out of the XLY. This is one of the most important intermarket relationships and it’s screaming BEARISH ACTION AHEAD!

It’s only one signal, however. I announced a few days ago that we’d be hosting a FREE webinar on Saturday morning, March 29th, at 10:00am ET. I plan to discuss several signals that are pointing to exactly what we saw on Friday – more selling. To get a better handle on current market conditions and where we’re heading, I’d encourage you to join me Saturday morning by REGISTERING HERE. If you can’t make the live webinar, we’ll still send out the recorded video to all who register, so ACT NOW!

And here’s a little secret. Shhhhhhh! Market makers are playing some serious games manipulating some of the biggest stocks. I’ll talk a bit about how we can take advantage of that Saturday morning. Hope to see you there!

Happy trading!

Tom

Is a new market uptrend on the horizon? In this video, Mary Ellen breaks down the latest stock market outlook, revealing key signals that could confirm a trend reversal. She dives into sector rotation, explains why defensive stocks are losing ground, and shares actionable short-term trading strategies for oversold stocks. Don’t miss these crucial market insights to spot the next rally before it takes off!

This video originally premiered March 28, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Deion Sanders’ quest to play a spring football game against another team has been shot down by the NCAA, at least for this year.

NCAA rules currently forbid two teams playing each other in the spring. But the Colorado and Syracuse football programs applied for a waiver from the NCAA to play and practice against each other in April.

The NCAA’s Division I FBS oversight committee then met this week via videoconference and opposed the request, noting the late timing of it and how it would give the two schools a “competitive and recruiting advantage” to engage in activities that ‘no other institutions are permitted to do,’ according to the committee’s report on the meeting.

The committee noted most schools already have planned their spring practice periods or completed it.

Sanders, Colorado’s football coach, wanted to play Syracuse in Boulder April 19 on ESPN2. His team instead will play itself in an intra-squad game that day at Folsom Field.

Who’s on this NCAA committee?

The committee includes Illinois head coach Bret Bielema. Georgia athletic director Josh Brooks, Oregon State athletic director Scott Barnes, Miami (Fla.) athletic director Dan Radakovich and former Wyoming coach Craig Bohl, among others.

It noted that a spring game between two teams also would lead to players missing class time.

“The committee agreed to discuss, during a future meeting, a concept that could permit joint spring practices in future seasons,” the committee’s meeting report said.

Sanders had said in a news conference this month that he wanted to spice up his annual spring game by playing somebody else instead of practicing against each other.

‘I would like to style it like the pros,’ he said. ‘I’d like to go against someone (in practice) for a few days, and then you have the spring game. I think the public would be satisfied with that tremendously. I think it’s a tremendous idea.’

Syracuse coach Fran Brown then responded to Sanders’ idea on social media by saying he would take his team to Boulder for three days.

The committee’s meeting report indicated the request included a joint-contact practice session, a joint-noncontact practice session and an 11-on-11 scrimmage.

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

This post appeared first on USA TODAY

SPOKANE, Washington — Kailyn Gilbert was, by her own admission, getting cooked.

Zoe Brooks had made several tough shots and it sure looked as if the N.C. State star was about to make another with 90 seconds left Friday night. But when Brooks lifted the ball, Gilbert saw her opportunity.

“I was like, ‘I can’t let her get an easy look,” the LSU guard said.

The third-shortest player on LSU’s team, Gilbert leaped and gave the ball a mighty swat. It was only the second block of her career, and it saved LSU’s season.

‘When that play happened,” said the 5-foot-8 Gilbert, ‘I knew we were going to win the game.’

It might seem a given for LSU to be playing deep into March, the 80-73 win over N.C. State sending the Tigers to the Elite Eight for a third consecutive season. But until Gilbert’s block, LSU looked very much like a team bound for the offseason.

It had blown its six-point lead from late in the third quarter. Flau’jae Johnson couldn’t buy a bucket and was on the bench for the last five minutes of the game after getting raked across the eye. Mikaylah Williams, so clutch from 3-point range in the first two games of the NCAA tournament, couldn’t get one to drop.

The Wolfpack had LSU on its heels, and the Tigers knew it.

‘Nobody likes to lose, so I talked to my teammates in the huddle and told them we’ve got to take our matchups personally,” Aneesah Morrow said. ‘We have to be able to dominate, and we have to be able to make defensive stops. And we did that toward the end of the game.”

At 5-foot-8, blocks are not a regular part of Gilbert’s repertoire.

‘I could block shots,’ she said, smiling. ‘I just don’t choose to.’

But she wasn’t about to let Brooks, whose 21 points led the Wolfpack, score again. So she jumped and sent the ball flying toward the baseline. Teammate Shayeann Day-Wilson sprinted for the ball, snagging it right before it went out of bounds.

Day-Wilson fed Williams, who scored on a driving layup to give LSU its first lead, 74-73, since 8:25 left in the fourth, and now it was N.C. State’s turn to get cooked.

Sa’Myah Smith had another block on Brooks during the Wolfpack’s next possession, with Morrow grabbing the ball. Brooks fouled Smith, who made both shots to extend LSU’s lead. The Tigers threw the ball away on an inbounds play, but the Wolfpack couldn’t do anything with it, getting whistled for an offensive foul.

With just 15 seconds left, N.C. State was forced to foul and Williams and Smith each made a pair to seal the win.

‘We made plays down the stretch. We made some bad plays down the stretch, but we made plays down the stretch to pull it out and win,’ LSU coach Kim Mulkey said. ‘It means we did some good stuff.’

Led by Gilbert.

Gilbert spent her first two seasons at Arizona. When she came to LSU for a visit, Mulkey and assistant Bob Starkey sat her down and Mulkey was unflinchingly honest. She had no doubt Gilbert could contribute offensively.

If she didn’t improve her defense, though, she’d never see the floor at LSU.

Rather than resisting, Gilbert took it as a challenge.

‘I said, ‘You know what? I understand that culture. I’m willing to lock in defensively,’” she said.

Mulkey said she’s watched as Gilbert’s defense has gotten better throughout the season. For Gilbert to save a game with her defense, rather than her offense, it doesn’t get much better for a coach.

‘Like she said, she was getting beat off the dribble there. For her to make a defensive play, it’s only fitting that we talk about that in this game,” Mulkey said.

What makes March Madness so special is you never know who’s going to step up. Or how.

LSU didn’t need Gilbert’s offense against N.C. State. It needed her defense, and she delivered.

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

This post appeared first on USA TODAY

BOSTON — Alysa Liu let out a shocked smile Friday night, as the crowd at TD Garden roared and the stuffed animals began to rain down on the ice.

Liu became the first American woman in nearly two decades to win a world figure skating title Friday, clinching history with a brilliant, poised performance to the music of Boston-born disco artist Donna Summer. After winning the short program portion of the women’s singles competition earlier this week, she won the free skate, too − sealing her place atop the podium with the final performance of the night.

Liu, 19, leapfrogged three-time defending world champion Kaori Sakamoto of Japan to win the gold with a total score of 222.97. Mone Chiba, who is also from Japan, took bronze, while Americans Isabeau Levito and Amber Glenn finished fourth and fifth, respectively.

When asked if she expected to be a world champion when she returned to competition last year, Liu laughed. No. No she did not.

‘Even yesterday, I didn’t expect this,’ she said.

It’s the first time an American woman has topped the world championship podium since Kimmie Meissner in 2006.

It’s not all that surprising that Liu made it here, to the pinnacle of her sport. It’s more the path that she took to get here − a winding, complicated journey that is all her own.

Liu started skating at 5 years old at a rink near her Richmond, California home, and it didn’t take long for her potential to be recognized. By the time she turned 9, according to NBC Sports, she was waking up at 4:30 a.m. for private training sessions. By 12, she was landing a triple axel − the most difficult jump in women’s figure skating − in competition. And by 13, she was already a national champion at the senior level.

In a sport that is constantly looking for ‘the next big thing,’ Liu certainly appeared to be it.

After competing at the 2022 Winter Olympics in Beijing, where she was the youngest member of Team USA at 16, Liu proceeded to place third at the world championships. But with some of her main goals in skating behind her, she began to think about the other things she wanted from her life. In April of that year, Liu announced on Instagram that she was retiring from the sport and ‘moving on with my life.’

‘I really let the problems get to me a little bit more than now,’ Liu told Olympics.com, when asked about that 2021-22 season. ‘I don’t think I was able to process much of it as I was in it. But once I left, I really could see the full picture.’

After more than a year away, that full picture of skating started to prompt questions. Could she still do a triple jump? Could she run a program? Above all else: Did she want to do all of those things?

Last spring, Liu reached out to Phillip DiGuglielmo, who had coached her off and on since she was a kid. She told him she wanted to come back to competition. He said he poured a glass of wine and tried to talk her out of it.

‘I said, ‘Nobody’s done this. Nobody walks away and comes back,’ ‘ DiGuglielmo recalled. ‘Rachael Flatt tried. Gracie Gold tried. Lots of people try, because they love it. And that’s great. They’re not successful at it.

‘She just listed off all these reasons about why she could do it.’

So they got back to work, albeit with a different approach and, from Liu’s point of view, a new mindset. She felt empowered by her time away from figure skating, free of the ‘prodigy’ label, expectations and rigidity. If she wanted to do a morning practice session, she did. If she didn’t feel up to it, or overslept, then oh well. So it goes.

‘I have a lot of freedom,’ she said Tuesday. ‘You know how we hire the coaches? I really do feel like I’m kind of the boss of the coaches, which is weird. Because normally it’s the other way around, the coaches bossed you.’

‘It feels like there’s really no pressure,’ she added. ‘Like, I could just walk away if I wanted to. But for now, I don’t want to. So, yeah.’

In the pressure-packed environment at worlds this week, it was telling that Liu did a cartwheel before stepping onto the ice.

No American skater smiled more during the 2022 Olympics than Liu, who finished sixth but seemed most excited about the peach juice and souvenir options available in the Olympic village. She now seems even happier still.

‘ feel like her cheerfulness, her kindness and the way she’s always so happy brought her to this position on top of the podium,’ Sakamoto said through a translator. ‘In fact, if I would say something has changed, it’d be that she’s more bright, she’s more happy now.’

When asked about her journey at multiple points this week, Liu has made one thing clear: She has no regrets. About her youth career. About her decision to retire. And certainly not about her choice to return.

‘I wouldn’t be here if I didn’t decide to retire for a little bit,’ she said Wednesday. ‘So I just am glad that I listen to myself and do whatever. Because it just works out in the end.’

Contact Tom Schad at tschad@usatoday.com or on social media @tomschad.bsky.social.

This story has been updated with a new photo and to fix a typo.

This post appeared first on USA TODAY

Hailey Van Lith and No. 2 seed TCU will begin the day with a battle against Olivia Miles, Hannah Hidalgo and No. 3 seed Notre Dame. Van Lith leads the Horned Frogs with 17.7 points, 5.5 assists and 1.2 steals per game, while Hidalgo leads the Fighting Irish with 24.1 points and 3.7 steals per game.

Then, Madison Booker and No. 1 seed Texas will take the floor against No. 5 seed Tennessee in another afternoon contest. UConn’s duo of Paige Bueckers and Sarah Strong will look to keep the No. 2 seeded Huskies’ shot at the title alive with a game against No. 3 seed Oklahoma in the early evening.

Finally, No. 1 seed USC will try to move forward without superstar JuJu Watkins, who is out for the postseason after tearing her ACL in the previous round. The Trojans are still believed to be talented enough to challenge Ayoka Lee and No. 5 seed Kansas State in the nightcap for the final spot in the Elite Eight.

Women’s March Madness games today: TV channel, live stream, times for Sweet 16

Saturday, March 29

All times Eastern; numbers listed are seedings.

  • Regional 3 (Birmingham): No. 3 seed Notre Dame vs. No. 2 seed TCU, 1 p.m. | ABC
  • Regional 3 (Birmingham): No. 5 seed Tennessee vs. No. 1 seed Texas, 3:30 p.m. | ABC
  • Regional 4 (Spokane): No. 5 seed Oklahoma vs. No. 2 seed UConn, 5:30 p.m. | ESPN
  • Regional 4 (Spokane): No. 5 seed Kansas State vs. No. 1 seed USC, 8 p.m. | ESPN

Games on ABC and ESPN can be live streamed on the ESPN app or through Fubo, which is offering a free trial to new subscribers.

Watch Women’s March Madness games with Fubo

This post appeared first on USA TODAY

USC women’s basketball coach Lindsay Gottlieb took the podium at the Sweet 16 of the women’s NCAA Tournament on Friday for the first time since JuJu Watkins sustained a season-ending knee injury.

The fourth-year Trojans coach wanted to clear up a piece of business: there was no ill-intent by Mississippi State and Bulldogs guard Chandler Prater on the play that resulted in Watkins’ injury.

‘A 100% no. There was no intent to injure anybody,’ Gottlieb said Friday at Spokane Arena ahead of USC’s Sweet 16 game on Saturday.

Watkins, one of women’s basketball’s biggest stars, went down with a knee injury in the first quarter of USC’s second-round win against Mississippi State on March 24 while heading down the court at the Galen Center in Los Angeles on a fast break opportunity. As Watkins made her way to the paint, she got tied up with Prater and immediately fell down to the ground, showing an immense amount of pain.

Watkins was then carried off by members of USC’s medical staff, and taken to a nearby medical center for further testing. Shortly after USC’s win over Mississippi State, it was reported that Watkins would miss the remainder of the Trojans’ March Madness run.

As noted by The Clarion-Ledger, part of the USA TODAY Network, Mississippi State and Prater have received negative backlash on social media after Watkins’ injury. Mississippi State coach Sam Purcell condemned the backlash his players were receiving after the game during his postgame news conference. Gottlieb echoed those sentiments on Friday.

‘It was a physical game,’ Gottlieb said. ‘No one deserves online bullying in any realm, but certainly not a young woman in Chandler, who was trying to make a play, and unfortunately our player got hurt. But there was nothing to me that looked like it had any intent to hurt her. … That’s not a USC view at all.

‘We have really passionate fans, and there’s a lot of love for JuJu. I understand people being sad, you know, and hurt that she’s hurt, but nobody in our camp feels like there was any type of attack on her and would not support any type of online bullying or things of that nature. She’s a young person that was playing basketball too, and I’m sure did not want any part of a negative situation that it turned out to be.’

Watkins is expected to undergo surgery and be out for the majority of the 2025-26 season, as the sophomore guard rehabs. USC has not confirmed ESPN’s Shams Charania’s Monday report that Watkins tore her ACL.

USC is scheduled to tip off at 8 p.m. ET on Saturday against No. 5 Kansas State. The winner advances to the Elite Eight against the winner of No. 2 seed UConn vs. No. 3 seed Oklahoma.

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

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Here’s a quick recap of the crypto landscape for Wednesday (March 26) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$86,622.95, a 1.7 percent decrease over the past 24 hours. The day’s trading range has seen a low of US$85,862.55 and a high of US$87,812.64.

The crypto market is under pressure following an executive order from US President Donald Trump to issue “secondary tariffs” of 25 percent on countries that purchase oil from Venezuela.

Bitcoin performance, March 26, 2025.

Chart via TradingView.

Ethereum (ETH) is priced at US$2,002.36, a 3.6 percent decrease over 24 hours. The cryptocurrency reached an intraday low of US$1.985.69 and a high of US$2,058.49.

Altcoin price update

  • Solana (SOL) is currently valued at US$137.76, down 5.2 percent over the past 24 hours. SOL experienced a low of US$136.39 and a high of US$144.21 on Wednesday.
  • XRP is trading at US$2.38, reflecting a 3.3 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.36 and a high of US$2.45.
  • Sui (SUI) is priced at US$2.58, showing a 4.6 percent increase over the past 24 hours. It achieved a daily low of US$2.52 and a high of US$2.64.
  • Cardano (ADA) is trading at US$0.7285, reflecting a 2.7 percent decrease over the past 24 hours. Its lowest price on Wednesday was US$0.722, with a high of US$0.7632.

Crypto news to know

GameStop’s Bitcoin bet sparks meme stock rally

GameStop (NYSE:GME) shares surged close to 20 percent on Wednesday after the company announced plans to add Bitcoin to its treasury reserve assets, mirroring Michael Saylor’s Strategy (NASDAQ:MSTR). The move comes as GameStop struggles with declining brick-and-mortar sales, having pivoted toward e-commerce under CEO Ryan Cohen.

Speculation around the retailer’s crypto ambitions grew after Cohen was seen with Saylor on social media last month. Analysts warn that GameStop’s exposure to Bitcoin could introduce more volatility to its stock.

The company, however, has been aggressive in cutting costs, doubling its fourth quarter net income to US$131.3 million despite a 30 percent revenue drop.

Microsoft declines after data center news

Shares of crypto miners and Microsoft (NASDAQ:MSFT) closed down after TD Cowen alleged that the tech conglomerate has abandoned plans for new data centers in the US and Europe.

Share prices for Bitcoin miners, including Bitfarms (NASDAQ:BITF), CleanSpark (NASDAQ:CLSK), Core Scientific (NASDAQ:CORZ), Hut 8 (NASDAQ:HUT) and Riot Platforms (NASDAQ:RIOT), dropped between 4 and 12 percent. Microsoft closed down 1.31 percent, while daily losses for the miners fell between 7 and 12 percent.

According to Bloomberg, Google (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) have picked up some of the leases Microsoft has allegedly canceled or deferred over the last six months, although neither company has confirmed. In a statement from Microsoft obtained by the publication, the company said “significant investments” have left it “well positioned to meet (its) current and increasing customer demand.”

“While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions,” the spokesperson said. “This allows us to invest and allocate resources to growth areas for our future.”

Ethereum’s Pectra upgrade launches on testnet

Ethereum’s Pectra upgrade launched on the Hoodi testnet on Wednesday after a series of technical issues delayed the mainnet launch, which was originally slated for sometime in March.

If the launch is successful, Pectra could hit the mainnet by April 25. The Pectra upgrade aims to improve Ethereum’s scalability, staking efficiency and developer capabilities.

USDC launches in Japan

Circle launched its stablecoin, USDC, in Japan on Wednesday. The launch was made possible through a strategic partnership with SBI Holdings (TSE:8473), a Japanese financial firm.

The launch comes after Circle and SBI received regulatory approval from Japan’s Financial Services Agency (FSA) earlier this month. The FSA’s green light paved the way for the companies to introduce USDC to the Japanese market, marking a significant step in the adoption of stablecoins in the country.

Following the regulatory approval, a launch date was announced on Monday (March 24).

At the time of this writing, USDC’s market capitalization was US$60.15 billion.

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

(TheNewswire)

March 28, 2025 TheNewswire – Vancouver, BC – Providence Gold Mines Inc. (‘the Company’), The Company is pleased to announce that it has been granted an extension of its previously announced Private Placement (November 20, 2024, December 6, 2024, January 16, 2025 and February 14 th 2025) until April 30,2025. As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units at $0.05 per unit is underway. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

The Company closed the first tranche of the placement on December 6, 2024, issuing 1,500,000 units for gross proceeds of $75,000 CAD. An officer of the Company participated for the full amount of $75,000 CAD.

USE OF PROCEEDS

The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts and as well as an area north of the Mexican shaft where significant ground preparation provides a favorable structural setting for hanging wall splay veins analogous to the historical ‘Bonanza’ stope at the Providence mine alone produced 50,000 ounces. Ron Coombes states, ‘exploration efforts have modelled potential for several robust gold targets’.

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD

‘Ronald Coombes’

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes

Mobile: 1- 604- 724-2369

rcoombesresources@gmail.com

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com