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Tech Weekly: Cloud Providers, Tech Stocks Outperform as Earnings Season Rolls On

This week began on a strong note, with emerging signs that US-China tensions could ease and White House Economic Advisor Kevin Hassett’s suggestion that the federal government shutdown could soon end.

US stocks rallied broadly, led by small caps and semiconductors, with the PHLX Semiconductor Sector (INDEXNASDAQ:SOX) hitting an all-time high amid reduced concerns about regional bank credit quality.

On Tuesday (October 21), hotter-than-expected Canadian inflation data weighed on the S&P/TSX Composite Index (INDEXTSI:OSPTX), while the Nasdaq Composite (INDEXNASDAQ:.IXIC) outperformed.

Wednesday (October 22) saw profit taking in high-growth names as Tesla (NASDAQ:TSLA) and IBM (NYSE:IBM) reported after the bell, and as reports of potential new US export curbs on China pressured equities.

IBM beat revenue forecasts with US$9.5 billion in artificial intelligence (AI) revenue, but offered cautious guidance, leading its share price to fall after-hours. Tesla missed revenue estimates, with margins falling to 5.8 percent due to price cuts and reduced regulatory credits, despite record deliveries. CEO Elon Musk reiterated medium-term goals in AI, autonomy and robotics, though the firm didn’t update its financial guidance. Tesla shares also dropped after hours.

Despite the pullback, the tech sector rebounded sharply on Thursday (October 23), driven by optimism about AI and cloud infrastructure. Quantum computing companies such as IonQ (NASDAQ:IONQ), Rigetti Computing (NASDAQ:RGTI) and D-Wave Quantum (NYSE:QBTS) surged on reports of increased US government funding.

North of the border, Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford unveiled a C$3 billion joint investment in small modular reactors at the Darlington site, located east of Toronto in Bowmanville.

Later, Intel (NASDAQ:INTC) surpassed expectations with a 3 percent year-on-year revenue increase, reaching US$13.7 billion, with gross margins doubling to 38 percent. The demand for AI accelerators and x86 processors contributed to these strong results. CEO Lip-Bu Tan expressed confidence in continuing AI-driven compute demand.

Following the announcement, shares rose and opened nearly 5 percent higher the next day.

Intel’s standout earnings boosted sentiment heading into Friday. Markets opened higher after delayed US inflation data came in cooler than expected, showing easing underlying pressures and reinforcing expectations for another Fed rate cut next week. Tech stocks led the advance once again.

3 tech stocks that moved markets this week

1. Micron Technology (NASDAQ:MU)

Micron Technology shares rose 4.46 percent this week, hitting a record high above US$214 on Monday (October 20) after analysts at Barclays (NYSE:BCS) raised their price target from US$195 to US$240, citing robust earnings and margin expansion as signs of operational strength. The company has reported surging demand for its high-bandwidth memory chips, with supply fully sold out through 2026. Other semiconductor stocks, such as ON Semiconductor (NASDAQ:ON) and KLA (NASDAQ:KLAC), also gained, reflecting broad semiconductor strength.

2. Apple (NASDAQ:AAPL)

Apple’s share price is up 2.7 percent for the week, boosted by an overall bullish sentiment for high-value tech stocks, as well as momentum from strong M5 MacBook demand and solid sales of the iPhone 17 in the US and China.

CEO Tim Cook later announced the opening of the company’s Texas manufacturing facility on Thursday, two months ahead of schedule, further boosting sentiment.

3. NVIDIA (NASDAQ:NVDA)

Top AI stock NVIDIA saw gains of 1.67 percent this week following a joint announcement with Taiwan Semiconductor Manufacturing Company (NYSE:TSM). The companies said the first Blackwell wafer has been produced in the US at Taiwan Semiconductor’s semiconductor fab in Phoenix.

It is the first of its kind to be domestically manufactured in recent American history.

NVIDIA remains the bellwether for the AI sector, and its share price performance is widely regarded as a barometer for risk-on sentiment in the AI and tech sectors, with its share price movements often reflecting investor appetite for growth and optimism about the future of AI-driven innovation.

Micron Technology, NVIDIA and Apple performance, October 21 to 24, 2025.

Chart via Google Finance.

Tech ETF performance

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 1.83 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly gain of 1.91 percent.

The VanEck Semiconductor ETF (NASDAQ:SMH) increased by 1.59 percent.

Other tech market news

  • Amazon Web Services experienced a major outage this week, raising concerns about cloud infrastructure resilience and spotlighting the critical dependency on hyperscale providers.

        Tech news to watch next week

        Next week, investors will be eyeing interest rate decisions from the Bank of Canada and the US Federal Reserve. The Bank of Canada is expected to hold rates steady, reflecting ongoing cautiousness amid cooling inflation, while US investors are betting on a rate cut from the the country’s central bank.

        Earnings results from tech giants will also be closely watched, with Alphabet (NASDAQ:GOOGL), Microsoft and Meta reporting on Wednesday (October 29), and Apple and Amazon on Thursday (October 30).

        Strong beats or cautious guidance from these heavyweight companies could either boost confidence in the tech sector’s growth trajectory or temper enthusiasm in the final quarter of 2025.

        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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        Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

        Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base.

        About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The cuts represent about 8% of Target’s corporate workforce globally, although the majority of the affected employees work at the company’s Minneapolis headquarters, the spokesperson said.

        Chief Operating Officer Michael Fiddelke, who is set to become Target’s next CEO on Feb. 1, issued a note to personnel on Thursday announcing the downsizing. He said further details would come on Tuesday, and he asked employees at the Minneapolis offices to work from home next week.

        “The truth is, the complexity we’ve created over time has been holding us back,” Fiddelke, a 20-year Target veteran, wrote in his note. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.”

        Target, which has about 1,980 U.S. stores, lost ground to Walmart and Amazon in recent years as inflation caused shoppers to curtail their discretionary spending. Customers have complained of messy stores with merchandise that did not reflect the expensive-looking but budget-priced niche that long ago earned the retailer the jokingly posh nickname “Tarzhay.”

        Fiddelke said in August when he was announced as Target’s next CEO that he would step into the role with three urgent priorities: reclaiming the company’s position as a leader in selecting and displaying merchandise; improving the customer experience by making sure shelves are consistently stocked and stores are clean; and investing in technology.

        He cited the same goals in his message to employees, calling the layoffs a “necessary step in building the future of Target and enabling the progress and growth we all want to see.”

        “Adjusting our structure is one part of the work ahead of us. It will also require new behaviors and sharper priorities that strengthen our retail leadership in style and design and enable faster execution,” he wrote.

        Target has reported flat or declining comparable sales — those from established physical stores and online channels — in nine out of the past 11 quarters. The company reported in August that comparable sales dipped 1.9% in its second quarter, when its net income also dropped 21%.

        The job cuts will not affect any store employees or workers in Target’s sorting, distribution and other supply chain facilities, the company spokesperson said.

        The corporate workers losing their jobs will receive pay and benefits until Jan. 8 as well as severance packages, the spokesperson said.

        This post appeared first on NBC NEWS

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        X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA

        Card-reading contact lenses, X-ray poker tables, trays of poker chips that read cards, hacked shuffling machines that predict hands. The technology alleged to have been used to execute a multistate, rigged poker operation sounds like it’s straight out of Hollywood.

        And those were only some of the gadgets that authorities say were used to swindle millions of dollars from unsuspecting victims through rigged, high-dollar, underground poker games over more than five years.

        A sprawling indictment unsealed Thursday by the U.S. attorney for the Eastern District of New York charged Chauncey Billups, the head coach of the NBA’s Portland Trail Blazers, and Damon Jones, a former NBA player, along with members of the Mafia and dozens of other defendants, with being part of a conspiracy.

        The victims were “at the mercy of concealed technology, including rigged shuffling machines and specially designed contacts lenses and sunglasses to read the backs of playing cards, which ensured that the victims would lose big,” U.S. Attorney Joseph Nocella of Brooklyn said in a statement.

        Cheating at poker is as old as poker itself. But today, wearable tech and nano-cameras are putting even upstanding poker players on their guard.

        The defendants used “special contact lenses or eyeglasses that could read pre-marked cards,” Nocella said at a news conference announcing the indictments.

        He also showed a photo of an X-ray table that “could read cards face down on the table … because of the X-ray technology.”

        An X-ray poker table in an image from defendant Robert Stroud’s iCloud account.U.S. Justice Department

        “Defendants used other cheating technologies, such as poker chip tray analyzers, which is a poker chip tray that secretly reads cards using a hidden camera,” he said.

        And while marking poker cards so they are visible only with special eyewear is an old trick, new radio-frequency identification and infrared technologies have ramped up the sophistication levels.

        Technically speaking, many of the devices involved in the alleged scam authorities detailed Thursday are relatively cheap to manufacture, said Sal Piacente, a gaming security consultant.

        By the time they reach their customers, however, the cost of industrial shufflers or tables can easily approach $100,000, once distributors and middlemen are factored in.

        “You could make a lucrative career buying this stuff,” Piacente said.

        Casino and gaming security consultants told NBC News that the alleged scheme was possible only because the games were underground. In backrooms, there was none of the surveillance tech that reputable casinos use to catch players cheating.

        “A lot of the features which made this scheme so successful would have been ID’d a lot sooner, or very quickly, in a traditional regulated gaming environment,” said Ian Messenger, a former U.K. law enforcement officer and founder and CEO of the Association of Certified Gaming Compliance Specialists.

        More than any other tech, it was the reprogramming of the industrial card shufflers — identified in charging documents as Deckmate-brand machines — that authorities said was key to the alleged game rigging.

        A DeckMate 2 shuffler taken apart on a table in an image from defendant Shane Hennen’s iCloud account. U.S. Justice Department

        Deckmates are not sold directly to the public — though many used ones can be found for sale online. The ones at the high-dollar games cited in the indictment could read cards and predict which player had the best hand. Neither Deckmate nor its parent company, Light & Wonder, were implicated in any way in Thursday’s indictments.

        A spokesman for Light & Wonder told NBC News in a statement that the company was aware of reports about the charges against people but said they were not affiliated with the company.

        “We sell and lease our automatic card shufflers and other gaming products and services only to licensed casinos and other licensed gaming establishments,” said Andy Fouché, the company’s vice president of communications. “We will cooperate in any law enforcement investigation related to this indictment.”

        Reprogramming shufflers is not a new trick. In 2023, hackers at the Black Hat security conference in Las Vegas presented research showing how to hack a Deckmate shuffler and use it to cheat.

        The rigged shuffler machines would transmit information about the players’ hands to an off-site “operator,” according to prosecutors.

        The computer program showing information transmitted by the rigged shuffling machine in an image from defendant Shane Hennen’s iCloud account. U.S. Justice Department

        The operator would then communicate the information to someone else at the table, dubbed the “quarterback.” The victim was known as the “fish.”

        Here, the high-tech gadgets met the low-tech of a card game.

        The quarterback might touch the $1,000 poker chip or tap his chin or touch his black chips to indicate who at the table had the best hand.

        Text messages obtained by prosecutors also appear to show defendants concerned that a fish would leave the table if he lost too many hands.

        “Guys please let him win a hand he’s in for 40k in 40 minutes he will leave if he gets no traction,” read one text message released by authorities.

        But according to Messenger, the consultant, it was not the tech that made the alleged scheme so successful for so long. What set it apart was the level of communication.

        For example, he said, the card information had to be seamlessly passed from the dealing machines to an off-site operator and back to a person back at the table, all without alerting the fish.

        “The piece that made this so successful was the coordination, not the technology,” he said.

        This post appeared first on NBC NEWS

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        Did Quentin Johnston play vs Vikings on ‘TNF’? Chargers WR stats

        Los Angeles Chargers quarterback Justin Herbert targeted five different receivers in a 277-yard, three-touchdown outing in Week 8.

        None of his targets were wide receiver Quentin Johnston.

        Despite suiting up and playing in the Oct. 23 game against the Minnesota Vikings, Johnston did not record a single statistic in the 37-10 Chargers win.

        It was the continuation of a trend over the last few weeks. Johnston had a season-low four targets in a Week 5 game against the Washington Commanders before he missed Week 6 with a hamstring injury. In his Week 7 return, Johnston had his second-fewest targets of the season – six – against the Indianapolis Colts.

        At the same time, second-year receiver Ladd McConkey had begun to out-target Johnston. The Georgia product had a career-high 15 targets on Oct. 19 against the Colts to follow a nine-target outing in Week 6 – while Johnston was out – and a seven-target day in Week 5.

        In Week 8, McConkey led the Chargers with 10 targets, six catches and 88 yards with a touchdown.

        Here’s what to know about Johnston’s quiet night:

        Did Quentin Johnston play tonight?

        Yes, Johnston played throughout the Chargers’ Week 8 ‘Thursday Night Football’ win over the Vikings. He just did not record any statistics.

        According to ESPN’s Mike Clay, Johnston ran 20 routes to McConkey’s 21 on Oct. 23, but the latter had 10 targets on those routes. Johnston finished the game with zero targets.

        Zero targets is the lowest total in the wideout’s three-year career, which includes 39 total games. Johnston missed two games in 2024 with an ankle injury, but he never recorded fewer than two targets in a game when healthy.

        Quentin Johnston stats: Week 8

        • Targets: 0
        • Receptions: 0
        • Receiving yards: 0
        • Touchdowns: 0
        This post appeared first on USA TODAY

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        3 Mins Read

        NBA cleared Terry Rozier before federal prosecutors indicted him

        The NBA said it investigated “unusual betting activity’’ related to Terry Rozier in 2023 and did not find a violation of league rules. But now Rozier has been charged in the Eastern District of New York as part of a federal probe into illegal sports betting.

        The outcome of the two investigations drew interest after Rozier was arrested Oct. 23.

        Portland Trail Blazers coach Chauncey Billups and former NBA player Damon Jones were also arrested for their alleged involvement in the operation, though they are facing different charges. Rozier and Billups have been placed on immediate leave by the NBA.

        The NBA had initially cleared Rozier following its own investigation. On Jan. 30 2025, news of the investigation in the Eastern District of New York first came to light. At that point, the NBA said it would cooperate with federal authorities.

        “In March 2023, the NBA was alerted to unusual betting activity related to Terry Rozier’s performance in a game between Charlotte and New Orleans,’ NBA spokesman Mike Bass confirmed to USA TODAY Sports at the time. ‘The league conducted an investigation and did not find a violation of NBA rules. We are now aware of an investigation by the U.S. Attorney’s Office for the Eastern District of New York related to this matter and have been cooperating with that investigation.”

        NBA spokesman Mike Bass, when asked about the different outcomes of the two investigations, told USA TODAY Sports by email, ‘The NBA does not have the same authority or investigatory resources as the federal government, including subpoena power to obtain information from anyone, law enforcement surveillance, wire-tapping, and search warrants.”

        Ismail J. Ramsey, a former U.S. Attorney, said the federal government’s decision to indict Rozier could be wrong. But he also stressed the subpoena power granted to governments but not private entities can prove to be significant.

        Ramsey pointed out that with subpoena power federal investigators are able to obtain text messages, bank records and phone records. And so the government could know things an employer doesn’t.

        ‘(Federal investigators) can bring other witnesses in to talk to who may cooperate because they’re worried about their own future,” Ramsey said. ‘I mean the NBA can’t necessarily do those things. (The NBA) definitely can’t call to get the cooperation of witnesses whom aren’t NBA employees or tied to the NBA, whereas feds could subpoena someone or just ask for their cooperation.”

        Rozier is accused faking an injury in 2023 as part of an illegal betting scheme when he played for the Charlotte Hornets. The scheme was designed to allow gamblers to make money off a prop bet related to Rozier’s performance in a game.

        The game in question took place on March 23, 2023. Rozier played for the first nine minutes and 36 seconds before leaving the game. He cited a foot injury and did not play in the final eight games of the season.

        Rozier, a 31-year-old point guard, is a member of the Miami Heat and in his 11th NBA season. He did not play in the Heat’s season opener on Wednesday, Oct. 22. He has averaged 13.9 points, 3.9 rebounds and 3.5 assists in his NBA career.

        Jim Trusty, an attorney representing Rozier, said ‘Terry was cleared by the NBA and these prosecutors revived that non-case.’’

        This post appeared first on USA TODAY

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        How much FBI claims Billups, mobsters swindled in rigged poker games

        Portland Trail Blazers head coach Chauncey Billups is one of 31 defendants accused of helping mobsters swindle millions of dollars from unsuspecting poker players during a series of rigged games.

        All this was outlined in a federal indictment that dropped Thursday, Oct. 23, leading to the arrest of Billups and others. According to the indictment, defendants allegedly used wireless cheating technology to run rigged poker games in places including the Hamptons, Miami, Las Vegas and Manhattan.

        Billups, who was not the coach of the Trail Blazers at the time of his alleged involvement but merely a former NBA player, was one of the draws that helped lure victims to the illegal poker games.

        ‘What the victims, the fish, didn’t know, is that everybody else at the poker game, from the dealer to the players — including the face cards — were in on the scam,’ U.S. Attorney for the Eastern District of New York Joseph Nocella Jr. said. ‘Once the game was underway, the defendants fleeced the victims out of tens and hundreds of thousands of dollars per game.’

        But exactly how much money did these poker games allegedly defraud from victims?

        According to the federal indictment, the alleged conspiracy ’caused losses to the Victims of at least $7,150,000,’ though the amount that Billups and other alleged participants earned from the scheme was not listed in the document.

        The indictment, however, does cite specific examples to illustrate the scope of the operation.

        In one case, during an alleged rigged poker game around April 2019 in Las Vegas, the indictment alleges that a rigged shuffling machine was used to defraud victims of at least $50,000. Billups was listed among the alleged participants at that game.

        The indictment lists other illegal poker games around June and July 2023 in Manhattan that allegedly defrauded one specific unnamed victim of around $1.8 million. Billups was not implicated in this example, which also used a rigged shuffling machine to allegedly dupe the victims.

        Another alleged rigged poker game took place around June 2023 in East Hampton, New York, that defrauded a pair of unnamed victims of $46,500 and $105,000, respectively. Billups was also not listed in that alleged game, nor was he listed in a final example that took place in Miami in September 2024 that defrauded another unnamed victim of $60,000.

        The indictment doesn’t list the full accounting of all the money alleged to have been earned from the operation.

        Billups was arraigned Oct. 23 on charges of wire fraud conspiracy and money laundering conspiracy at the Mark O. Hatfield United States Courthouse in Portland, Oregon.

        Charges in this scheme include wire fraud conspiracy, illegal gambling, money laundering, robbery, and extortion. This case is unrelated to the insider sports-betting conspiracy that led to the arrest of Miami Heat player Terry Rozier.

        This post appeared first on USA TODAY

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        Nuggets vs. Warriors highlights: Steph Curry puts on a show in OT win

        The NBA staged two games on Thursday night and both needed more than 48 minutes to be decided.

        After Shai Gilgeous-Alexander scored a career-high 55 points to lead the Oklahoma City Thunder to victory, it was Stephen Curry’s turn to put on a show in the nightcap. The longtime Warriors star scored 42 points to lead his team to a 137-131 overtime win over the Denver Nuggets.

        Many of Curry’s buckets came in the clutch, including his game-tying 3-pointer with 21.9 seconds to go in the fourth quarter. The four-time champ scored 16 consecutive points for the Warriors across the end of the fourth quarter and into overtime.

        The Nuggets were led by Aaron Gordon, who was red-hot from 3-point range. He hit 10 of his 11 3-point attempts, part of a 17-for-21 shooting night. Gordon scored 50 points.

        Check out highlights from Thursday night’s thrilling Nuggets-Warriors clash:

        Nuggets vs. Warriors highlights

        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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        NBA MVP scores career-high 55 as Thunder go to double-OT again

        The Oklahoma City Thunder are 2-0, but things have hardly been easy for the defending NBA champions.

        Both contests they’ve played went to double overtime, the latest coming Thursday night in an NBA Finals rematch against the Indiana Pacers. OKC can largely thank Shai Gilgeous-Alexander for its 141-135 victory.

        The reigning league MVP scored a career-high 55 points against the Pacers, hitting 15 of his 31 shots from the floor. As he tends to do, he went to the line repeatedly, shooting an eye-popping 26 free throws – sinking 23. He even dished out a team-high five assists, for good measure.

        Here’s a look at his highlights and full stats from the game:

        Shai Gilgeous-Alexander highlights vs. Pacers

        Shai Gilgeous-Alexander stats vs. Pacers

        • Points: 55
        • FG: 15-for-31 (2-for-7 from 3)
        • Free Throws: 23-for-26
        • Rebounds: 8
        • Assists: 5
        • Steals: 2
        • Blocks: 1
        • Turnovers: 2
        • Fouls: 4
        • Minutes: 45
        This post appeared first on USA TODAY

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        Quimbaya Gold Announces C$10 Million Bought Deal Financing

        /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

        Quimbaya Gold Inc. (‘Quimbaya’ or the ‘Company’) (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) is pleased to announce that it has entered into an agreement with Stifel Canada to act as sole underwriter and bookrunner (the ‘Underwriter’), in connection with a ‘bought deal’ private placement of 14,300,000 units of the Company  (the ‘LIFE Units’) at a price of C$0.70 per LIFE Unit (the ‘Offering Price’) for aggregate gross proceeds of C$10,010,000 (the ‘Offering’), with the LIFE Units to be issued pursuant to the Listed Issuer Financing Exemption (as defined below). 

        The Company has granted to the Underwriter an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of LIFE Units at the Offering Price for additional gross proceeds of up to C$1,501,500. 

        Each LIFE Unit will consist of one common share (a ‘Common Share‘) and one-half (½) of one Common Share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per common share.

        The net proceeds from the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

        Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the LIFE Units will be offered for sale to purchasers resident in Canada other than Quebec and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the ‘Listed Issuer Financing Exemption‘). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the LIFE Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at quimbayagold.com. Prospective investors should read the offering document before making an investment decision.

        The Offering is scheduled to close on or about November 4, 2025 (the ‘Closing Date‘) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Canadian Securities Exchange.

        The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

        About Quimbaya 

        Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

        Quimbaya Gold Inc.

        Follow on X @quimbayagoldinc
        Follow on LinkedIn @quimbayagold
        Follow on YouTube @quimbayagoldinc
        Follow on Instagram @quimbayagoldinc
        Follow on Facebook @quimbayagoldinc

        Cautionary Statements

        Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the closing of the Offering, Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

        SOURCE Quimbaya Gold Inc.

        View original content: http://www.newswire.ca/en/releases/archive/October2025/23/c7762.html

        News Provided by Canada Newswire via QuoteMedia

        This post appeared first on investingnews.com

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