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Metro Mining

Investor Insight

Metro Mining is one of the few pure-play upstream bauxite companies globally listed on a stock exchange. As a direct exposure to the aluminum sector, Metro offers investors a unique opportunity to benefit from rising global demand driven by industrial applications and growth areas such as electrification, batteries, renewable energy, and lightweight transportation solutions.

Overview

Metro Mining (ASX:MMI) is a low-cost, high-grade Australian bauxite producer with its 100-percent-owned Bauxite Hills mine located 95 km north of Weipa on the Skardon River, Queensland. The mine forms part of a tenement package covering ~1,900 sq km.

Bauxite Hills Mine

As at 31 December 2024, Bauxite Hills contained 114.4 Mt of ore reserves, supporting an ~11-year mine life, with additional mineral resources extending mine life by roughly five years.

Following the infrastructure expansion commissioned in late 2023, the operation is ramping up production during 2025 and remains on track to deliver 6.5 to 7 WMtpa by year end. This positions Metro as one of the lowest-cost global bauxite producers.

The aluminum sector continues to see rising demand growth of around 3 to 4 percent annually, supported by EV manufacturing, renewable energy infrastructure, battery production and lightweight transportation. Market conditions have been strengthened by instability in Guinea, where government actions and weather disruptions have curtailed exports, creating supply uncertainty and reinforcing the importance of reliable Australian producers.

Company Highlights

  • Metro Mining’s flagship asset, the Bauxite Hills mine (BHM) in Skardon River, located 95 km north of Weipa in Cape York Peninsula Queensland, benefits from proximity to Asian markets, short haul distances, and a highly scalable, low-cost marine transportation system, ensuring industry-leading operating margins.
  • Production ramp-up continuing in 2025 following infrastructure expansion in late 2023. August 2025 shipments reached 753,101 WMT, up 6 percent year-on-year, with year-to-date production of 3.4 Mt, keeping the company on track for its 6.5 to 7 million WMT per annum CY2025 target.
  • Targeting a delivered bauxite cost below US$30 per dry ton CIF China, positioning the company firmly within the lowest quartile of global producers.
  • End of Q2 2025: Cash balance of AU$28.7 million, secured debt of US$56.6 million, and full-year hedged position at 0.63 US$:A$.
  • Ore reserves of 77.7 Mt underpinning ~11 years of mine life, with additional mineral resources providing ~five more years
  • Metro Mining maintains robust environmental and social governance, evidenced by receiving the Association of Mining and Exploration Companies’ 2024 Environment Award.

Key Project

Bauxite Hills Mine (Queensland, Australia)

Metro Mining’s flagship asset, the Bauxite Hills mine, is located on the Skardon River, about 95 kilometres north of Weipa in Queensland. The mine is underpinned by 114.4 Mt of ore reserves as at 31 December 2024, providing approximately 11 years of production, with further Mineral Resources extending mine life by around five years.

Bauxite Hills is a straightforward, low-cost DSO operation. The orebody requires no blasting, with only ~0.5 metres of overburden to remove, and short average haul distances of nine kilometres. Ore is screened to below 100 millimetres and hauled to the barge loading facility, where it is transported via tugs and barges to offshore transhippers for loading onto Capesize vessels bound for Asian markets. This efficient marine logistics chain enables Metro to remain in the lowest quartile of global cost producers.

Production continues to build steadily. In Q2 2025, the mine shipped a record 1.9 Mt, generating site EBITDA of AU$54 million and a margin of AU$32 per tonne. In August 2025, shipments reached 753,101 tonnes, a six percent increase from the prior year, with 3.4 Mt shipped year-to-date, putting the mine firmly on track to meet its 2025 target of 6.5 to 7 Mt.

Metro has established offtake agreements with leading global alumina and aluminum producers, including Chalco, Emirates Global Aluminium, Xinfa Aluminium and Shandong Lubei Chemical. To support growth beyond 2025, debottlenecking and optimisation studies are underway to enable potential expansion to 8 Mtpa beyond 2026.

The company is also advancing exploration in surrounding lateritic bauxite terraces. Drilling campaigns are planned across EPM 27611, EPM 16755, EPM 25879 and EPM 26982 during the second half of 2025, with approximately 150 holes scheduled.

In addition, Bauxite Hills hosts a significant kaolin deposit beneath the bauxite ore. Metro is progressing a feasibility study to assess extraction potential, market strategies and product testing, with applications in ceramics, paper, paints and industrial uses.

Management Team

Simon Wensley – CEO and Managing Director

Simon Wensley is a proven industry leader with extensive experience in mining operations and strategic growth. He spent 20 years at Rio Tinto in various operational, project and leadership roles across commodities, including iron ore, industrial minerals, bauxite, alumina, coal and uranium.

Douglas Ritchie – Non-Executive Chair

Douglas Ritchie brings more than 40 years’ experience in resources, previously holding senior leadership roles at Rio Tinto, including CEO of Rio Tinto Coal Australia, chief executive of the Energy Product Group, and group executive of strategy.

Nathan Quinlin – CFO

Nathan Quinlin is experienced in financial strategy and cost optimization, previously serving as finance and commercial manager at Glencore’s CSA mine, managing finance, risk management and life-of-mine planning.

Gary Battensby – General Manager and Site Senior Executive

Gary Battensby has extensive experience in managing large-scale metalliferous mining operations, budget control and regulatory compliance. He previously oversaw teams of up to 350 staff and operations with substantial CAPEX and operational responsibilities.

Vincenzo De Falco – General Manager, Marine Supply & Logistics

With over 15 years of global experience in the shipping and maritime industry, including at IMC and Louis Dreyfus Armateurs, Vincenzo De Falco is leading the Metro Marine Team to manage BHM transhipping logistics, including new Floating Crane Terminal (Ikamba) as well as Tug Mandang.

This post appeared first on investingnews.com

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LeBron teases ‘Decision’ announcement. Could retirement be next?

If LeBron James has proven one thing, aside from his basketball greatness, it’s that he’s also an elite showman.

James, the 40-year-old Los Angeles Lakers star who is set to enter his record 23rd season in the NBA, teased an announcement on social media that will take place Tuesday, Oct. 7, at noon Eastern. James used the hashtag #TheSecondDecision, playfully alluding to his infamous July 2010 televised special in which he announced that he would be joining the Miami Heat in free agency. James also wrote that this would be “the decision of all decisions.”

In an accompanying video linked to the social media post, James is seen walking toward an empty chair before taking a seat. The setting is a basketball court, and there is a man sitting across from James, mimicking the setting of James’ initial Decision, when sports anchor Jim Gray hosted the event.

James, who will turn 41 in December, has been facing speculation about his playing future, amid possible retirement plans, and the Tuesday announcement could address that.

During the Lakers media day availability Monday, Sept. 29, James addressed his future, though he evaded providing an exact timeline.

“I’m excited about the opportunity to be able to play the game that I love for another season,” James said. “However the journey lays out this year, I’m super-invested, because I don’t know when the end is. I know it’s a lot sooner than later.”

James, however, is also a brand ambassador for several companies, including Nike, Draft Kings and Pepsi. James has also partnered with Amazon, even appearing in a July commercial to promote that month’s Prime Day event.

If the Tuesday announcement is indeed a marketing event, one possible link could be to Amazon, which is launching another Prime Day sales event on Tuesday.

Despite his age, James continues to be one of the premier players in the NBA. In 70 appearances last season, he averaged 24.4 points, 8.2 assists, 7.8 rebounds and 1.0 steals per game.

He is the NBA’s all-time leading scorer with 42,184 career points and holds numerous other NBA records.

James has maintained that he wants to continue competing for championships. The Lakers, who added star guard Luka Dončić in a February trade, finished third in the West last season but were bounced out in the first round of the NBA playoffs in five games, against the Minnesota Timberwolves.

This post appeared first on USA TODAY

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Mark Sanchez faces new felony charge, county prosecutor says

Former NFL quarterback and current Fox Sports analyst Mark Sanchez is facing an additional charge for his alleged involvement in a violent altercation in Indianapolis early Saturday morning.

Sanchez, 38, had initially been arrested and charged with several misdemeanors during the weekend after he was hospitalized with a stab wound. On Monday, Marion County Prosecutor Ryan Mears announced in a press conference that his office filed a charge against Sanchez for Level 5 felony battery.

‘We received an amended, or an additional probable cause affidavit this morning,’ Mears said. ‘With that additional information, we have added more serious charges against Mr. Sanchez. At this point in time, we have filed a felony charge, a Level 5 felony of battery involving serious bodily injury.’

If convicted of the felony, Sanchez would face a sentence between 1 to 6 years.

According to an affidavit obtained by multiple outlets, including USA TODAY Sports, Sanchez allegedly threw a 69-year-old man into a wall and onto the ground in an altercation early Saturday morning. The man told the police in a statement that he feared for his life and used his knife in self defense, according to the affidavit.

Sanchez was in Indianapolis to announce the Indianapolis Colts game against the Las Vegas Raiders on Sunday. He was reported to be in stable condition after he was hospitalized for the stab wound.

In the network’s pregame show, ‘Fox NFL Sunday,’ host Curt Menefee addressed Sanchez’s hospitalization and arrest in a statement.

‘One of our team members, Mark Sanchez, was involved in an incident that, to be honest, we’re all still trying to wrap our heads around. At this time, our thoughts and prayers are with Mark, his family and all those involved.’

Fox NFL analyst Brady Quinn stepped in for Sanchez to announce Sunday’s game after the incident.

Sanchez was the No. 5 overall pick by the New York Jets in the 2009 NFL Draft after playing his collegiate career at Southern California. He retired in 2019 after stints with five other teams and joined Fox as an NFL analyst in 2021.

This post appeared first on USA TODAY

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Adam Silver on WNBA labor dispute: ‘We will get a deal done’

  • NBA commissioner Adam Silver acknowledged the WNBA is experiencing ‘growing pains’ amid player dissatisfaction.
  • The WNBA players union opted out of the current collective bargaining agreement, which now expires on Oct. 31, 2025.
  • Players are seeking a larger share of league revenue, especially with a new multi-billion dollar media rights deal starting next season.
  • Despite the issues, Silver expressed confidence that a new deal will be reached with the players to avoid a work stoppage.

On the heels of several prominent WNBA players criticizing league commissioner Cathy Englebert for a lack of accountability and leadership, NBA commissioner Adam Silver on Monday added his voice to the discussion.

In remarks made Oct. 6 at NBC Sports headquarters, Silver acknowledged the WNBA is experiencing ‘growing pains’ with its unprecedented popularity colliding with rampant player dissatisfaction just ahead of the expiration of its collective bargaining agreement at the end of the month.

‘Cathy Englebert has presided over historic growth in the league, but there’s no question that there’s issues we need to address with our players,’ Silver said. ‘They’re not just economic. There’s relationship issues, as well.

‘I’m confident we can fix those over time, and this league can continue to be on the rocket trajectory that it’s on right now.’

The current CBA was originally set to run through 2027, but the WNBA players union opted out last year, which pushed the expiration date up to Oct. 31, 2025.

With a new 11-year media rights deal — worth an estimated $2.2 billion — set to kick in next season, and two new expansion teams slated to join the league in 2026, players have been pushing for a greater share of the league’s revenue than the 9.3% they currently receive.

By comparison, NBA players receive roughly 50% of their league’s basketball-related income.

Silver didn’t take sides in the dispute, preferring instead to keep the focus on the court, with the Phoenix Mercury and Las Vegas Aces headed toward Game 3 of the WNBA Finals on Wednesday night.

‘There’s no question that the WNBA is going through growing pains, and it’s unfortunate that it’s coming just as their most important games in the finals are on right now,’ Silver said. ‘We’ve had two fantastic games so far and want to celebrate the game at the moment. And then we’ve got to sit down with the players and negotiate a new collective bargaining agreement.”

The WNBA has experienced rapid growth recently, spurred in part by the 2024 draft class that included Caitlin Clark and Angel Reese. The league turned in its most-watched regular season in 24 years and recorded its highest attendance in 22 years this past season.

However, that progress could come to an abrupt halt if the league and the players can’t agree on a new CBA, especially if it leads to a work stoppage.

With so much on the line, Silver seemed confident things wouldn’t reach that stage.

“We will get a deal done with the players,’ Silver said emphatically. ‘Lots of work left to be done, but we’ll, of course, get a new collective bargaining deal done.’

This post appeared first on USA TODAY

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Adam Silver speaks on Kawhi Leonard controversy, NBA All-Star Game

  • The Los Angeles Clippers are under NBA investigation for allegedly circumventing the salary cap.
  • NBA Commissioner Adam Silver confirmed the investigation is ongoing but provided no timetable for its completion.
  • Silver stated the league is not considering moving the 2026 All-Star Game from the Clippers’ arena.

A few weeks ago, the NBA went ablaze with allegations of the Los Angeles Clippers circumventing the NBA salary cap by paying star Kawhi Leonard with a no-show deal from a now-bankrupt company, Aspiration, in which Clippers’ owner Steve Ballmer invested.

This potentially egregious navigation of the NBA’s salary rules and subsequent penalties will not be taken lightly. The NBA is currently investigating the matter with the mighty hammer of justice yet to bonk the Clippers on the head. Such a devious way around the NBA salary cap has never been seen before, meaning the ruling and penalties that the team will face will be a landmark case for the NBA moving forward.

NBA commissioner Adam Silver addressed the allegations facing the Clippers on Monday from NBC Sports headquarters. Here’s what he said on the matter.

Adam Silver statements on Kawhi Leonard, Clippers controversy

Silver did not give much of an update on the Leonard controversy itself, only noting that the NBA is still investigating the matter. He provided no timetable regarding when the investigation may be completed.

Will this affect the 2026 NBA All-Star Game?

With this upcoming season’s All-Star Game set to take place at the Intuit Dome, home of the Los Angeles Clippers, there was speculation that the league could move the game as a penalty for the Leonard situation.

Silver shut down those rumors. He said, ‘There’s no contemplation of moving the All-Star game, and planning for the All-Star game and the surrounding activities are operating completely independently of the ongoing investigation.’

Steve Ballmer’s response

Ballmer has denied any knowledge of the situation, claiming he was ‘duped.’

On Sep. 5, Ballmer made an appearance on ESPN, claiming that he was unaware of the court documents that had originally linked Aspiration to Kawhi Leonard.

A few weeks later, the Clippers made a statement of their own, addressing the situation and Ballmer’s involvement with Aspiration. It read, ‘This effort reflects Steve wanting to set a positive example and raise awareness of the growing and important role of voluntary carbon markets. Unfortunately, he was duped on the investment and on some parts of this agreement, as were many other investors and employees.’

This post appeared first on USA TODAY

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Three possibilities for LeBron James’ “Second Decision”

LeBron James had NBA fans on their toes after he posted a cryptic video on social media with the caption ‘The decision of all decisions.’

The video is only 10 seconds long. No words are spoken. And it ends with the words ‘The Second Decision. Coming Soon.’

Obviously, this is in reference to James’ ‘The Decision’ which was a televised event where James announced what team he was going to join in free agency prior to the 2010-11 season.

James was a free agent at the time and ultimately chose the Miami Heat. However, that decision came during the offseason when James was a free agent. He has an entire season ahead of him with the Los Angeles Lakers, so fans are obviously curious what this ‘Second Decision’ could be about.

Here are three potential outcomes for James’ upcoming announcement:

What could LeBron James’ ‘Second Decision’ be about?

A new product

While this would be a major letdown for most fans, the branding does match up with James’ original decision. He could walk out to the chair and say ‘I am taking my talents to [insert his new company here].’

It all makes way too much sense. James has recently been involved in advertisements and teases that hint at his near retirement, and this would be no different. In fact, it would be par for the course with James.

An advertisement

James has gone on record stating that he does not care for how he approached his first decision. With that in mind, it’s tough to assume that he would use such branding for a new partnership where he would be heavily involved.

A much more understandable idea would be a company paying LeBron to use his likeness and one of his most recognizable moments to promote their service or product.

Many fans have speculated that this could be an ad for Amazon Prime, considering James has been involved in Amazon advertisements in the past and Amazon Prime day falls on, wouldn’t you know it, Oct. 7.

Of course, there are several companies that this could end up being an advertisement for. In fact, this could very well end up being an ad for the NBA itself. James is set to embark on his NBA record-setting 23rd season, and this video could be a way of getting fans even more excited for the season in general.

Retirement

Obviously, the biggest and most shocking news would be of his retirement. James is 40 years old and will be 41 by the end of the season. James has hinted at and/or teased his retirement too many times to count in recent years though, and James has said that he is not going to sit around and wait for his younger son Bryce to reach the NBA like many people have assumed of him.

That said, James is still one of the best players in the league with lots more to give the Los Angeles Lakers. He will be a free agent after this year though, and could very well decide that he doesn’t want to go through the open markets again. Furthermore, if James were to announce his retirement, he would likely do it before the start of the season so that he could have a farewell tour around the league.

When will the ‘Second Decision’ be revealed?

James’ post on social media read that the decision will be revealed on Tuesday, Oct. 7 at 12 p.m. ET.

This post appeared first on USA TODAY

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Crypto Market Update: Bitcoin Price Hits New All-time High

Here’s a quick recap of the crypto landscape for Monday (October 6) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$125,434, up by 2.3 percent in 24 hours. Its lowest valuation of the day was US$124,565, and its highest was US$126,080. Bitcoin achieved its strongest weekly close at US$123,400 on October 3, affirming entry into a new price discovery phase, before hitting new highs on Monday.

Bitcoin price performance, October 6, 2025.

Chart via TradingView.

Bitcoin’s market cap briefly surpassed US$2.5 trillion, driving a record US$5.95 billion into digital assets.

Bitcoin dominance in the crypto market now stands at 54.49 percent.

On-chain data indicates that Bitcoin is entering a renewed accumulation phase, marked by reduced selling pressure from long-term holders and stabilization among short-term investors. Strong institutional exchange-traded fund (ETF) inflows, increased on-chain transfer volumes and healthy derivatives market indicators form a strong structural base for potential further gains, but tight Bollinger Bands point to impending short-term volatility and price consolidation.

Bitcoin researcher Axel Adler Jr. highlights that Bitcoin is trading near the upper boundary of the 21 day Donchian channel. The Bitcoin futures flow index reading of 96 percent signals sustained bull pressure.

Adler also points out that the short-term holder MVRV ratio is nearing resistance around US$133,000, indicating potential near-term profit taking. Scenarios include momentum-driven consolidation between US$122,000 and US$124,000, or a mean reversion pullback to US$118,500 to US$120,000, supported by key moving averages.

Ether (ETH) has exceeded Bitcoin’s upward price movement, rising by roughly 5.2 percent in the last 24 hours to US$4,725.31, its highest valuation of the day. Its lowest valuation was US$4,589.41.

Ether continues to hold firm above its US$4,500 support, with market watcher Ted Pillows highlighting US$4,750 as the next major resistance level for the cryptocurrency. However, he also warned that a drop below the US$4,250 to US$4,060 zone would shift momentum back to the bears.

Altcoin price update

  • Solana (SOL) was priced at US$235.40, an increase of 3.7 percent over the last 24 hours. Its lowest valuation on Monday was US$233.70, and its highest was US$237.29.
  • XRP was trading for US$3.03, up by 2.5 percent over the last 24 hours. Its lowest valuation of the day was US$2.99, and its highest was US$3.05.

ETF data and derivatives trends

The Fear & Greed Index currently reads 59, remaining firmly in neutral territory since the tail end of last week.

Last week, the cumulative net flow for spot Bitcoin ETFs was predominantly positive, with several days of inflows. According to data from the week of September 29 to October 3, spot Bitcoin ETFs had inflows on all five days, with October 3 recording the highest inflows at US$985.08 million. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).

Cumulative total inflows for spot Bitcoin ETFs stood at US$60.05 billion as of October 3.

The derivatives landscape reflects cautiously bullish sentiment, with the perpetual funding rate holding steady at 0.01, indicating balanced positioning between longs and shorts in the perpetual swap markets.

The session saw US$27.76 million in liquidations over the last four hours, predominantly impacting short positions, a signal of aggressive short covering as price momentum accelerated. Open interest retreated by 0.44 percent in the same span, to US$94.83 billion, suggesting some deleveraging or profit-taking after the day’s strong rally.

Despite the slight pullback in open interest, the notional value in major futures and options contracts remains near record levels, underscoring persistent institutional and speculative engagement. Implied volatility stands at 40.9, reflecting a moderate risk premium amid heightened spot activity and brisk rotation across both futures and options venues. With options open interest surging to historic highs and spot/volatility correlations positive, traders are leaning on structured call spreads rather than outright longs to manage term premiums and risk.

Today’s crypto news to know

Grayscale launches first US spot crypto ETPs with staking

Grayscale Investments has launched the first US-listed spot crypto exchange-traded products (ETPs), enabling staking for its Grayscale Ethereum Trust ETF (ARCA:ETHE), Grayscale Ethereum Mini Trust ETF (ARCA:ETH) and Grayscale Solana Trust (OTCQX:GSOL), the last of which is awaiting regulatory approval to uplist as an ETP.

Traditional brokerage investors can now earn passive staking rewards, which have been limited to native crypto platforms, through regulated funds, providing exposure to the Ethereum and Solana networks.

“Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver,” said Grayscale CEO Peter Mintzberg in a press release.

“As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potential for investors.”

Grayscale will manage staking via institutional custodians and diversified validator networks to reduce risks. The launch represents a milestone in crypto product sophistication and regulatory acceptance, and is expected to attract institutional capital and deepen investor participation in staking rewards.

Morgan Stanley endorses Bitcoin allocation for client portfolios

Morgan Stanley’s (NYSE:MS) Global Investment Committee has formally advised clients to include digital assets in their portfolios, marking a significant policy shift for one of Wall Street’s most established banks.

In a note dated Sunday (October 5), the firm recommends up to 4 percent crypto exposure in “opportunistic growth” portfolios and up to 2 percent for “balanced growth” accounts. The report also emphasizes Bitcoin’s role as a “scarce, digitally native asset” with increasing institutional relevance.

While many investors view the move as validation of Bitcoin’s maturing status and the formal ushering of crypto’s ‘mainstream era,’ some traders called it “too late” given prior gains.

Morgan Stanley also confirmed that its E*Trade platform will soon allow trading in Bitcoin, Ether and Solana via a partnership with ZeroHash.

Coinbase seeks national trust charter to expand payment services

Coinbase Global (NASDAQ:COIN) has applied for a national trust company charter from the US Office of the Comptroller of the Currency, a move designed to expand its payments and custody operations under unified federal oversight.

In an October 3 blog post, Vice President Greg Tusar clarified that Coinbase “has no intention of becoming a bank,” but aims to streamline regulation for new financial products.

Approval would enable Coinbase to scale its recently launched Coinbase Payments platform, which facilitates stablecoin transactions for merchants on Shopify (NYSE:SHOP) and eBay (NASDAQ:EBAY).

Coinbase has also deepened partnerships with JPMorgan Chase (NYSE:JPM), enabling direct account links between Chase customers and Coinbase wallets through API integration.

Similar Office of the Comptroller of the Currency charter applications have been filed by other platforms as digital payment infrastructure moves further into mainstream finance.

Plume Network registers as transfer agent

Plume Network, a layer-2 blockchain focused on tokenizing real-world assets (RWAs), announced it has registered as a transfer agent with the US Securities and Exchange Commission (SEC).

The move allows Plume to manage tokenized securities under US law, automating traditional transfer agent functions like shareholder registry management and corporate action reporting onchain.

This development comes amid efforts to integrate traditional finance with blockchain technology, specifically through the issuance and management of tokenized securities. Institutional involvement in the RWA market is still in its early stages, primarily focusing on low-risk instruments like US treasury bills.

Potential exists for expanding into new fundraising and investor engagement methods.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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David Morgan: Silver’s Rubicon Moment? US$50 in Sight, but Watch for Shakeout

David Morgan, publisher of the Morgan Report, shares his thoughts on silver as the white metal’s price approaches US$50 per ounce.

He believes silver may be approaching a ‘crossing the rubicon moment,’ but emphasized that its move comes amid a much broader transition in the financial system.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Gold Price Breaks US$3,900; Silver Above US$48, Platinum Over US$1,600

Gold continued to set new records on Monday (October 6), breaking US$3,900 per ounce.

After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August. It quickly reached US$3,500 and continued on up, rising as high as US$3,972.60 on on Monday.

The yellow metal is up about 9 percent in the last month, and nearly 50 percent year-to-date.

Gold price, December 31, 2024, to October 6, 2025.

Gold’s latest rise began last week, after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year, triggering a government shutdown. The closure is now on its sixth day, with a key sticking point between Democrats and Republicans being an extension to billions of dollars in subsidies for Obamacare.

US President Donald Trump said on Monday that negotiations were taking place with Democrats and ‘could lead to very good things’ in terms of healthcare. However, Senator Chuck Schumer and Representative Hakeem Jeffries, Congress’ two Democrat leaders, said no talks are happening and that the White House ‘has gone radio silent.’

Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Those factors have many experts predicting a rise beyond US$4,000 for the precious metal, likely before the end of the year, although a correction is widely expected beforehand.

Against that backdrop, silver and platinum prices were also on the rise on Monday.

Silver, which broke US$48 per ounce last week, continued to trade above that amount, rising as high as US$48.74. The white metal is approaching its highest price ever and was last at the current level in 2011.

Meanwhile, platinum rose as high as US$1,645.90 per ounce after pushing through US$1,600 last week. Before taking off in May of this year, platinum had been rangebound for about a decade and was last above US$1,600 in 2013.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Syntheia Announces Closing of the Final Tranche of Private Placement

Syntheia Corp. (CSE: SYAI) (Syntheia.ai) (the ‘Company’) is pleased to announce that further to its press releases dated July 23, 2025, September 2, 2025, and September 12, 2025, the Company has closed the final tranche of its non-brokered private placement financing for gross proceeds of $237,000.00 through the issuance of 1,975,000 units (each, a ‘Unit’) at a price of $0.12 per Unit (the ‘Offering’).

Each Unit was comprised of one common share in the capital of the Company (each, a ‘Common Share‘) and one Common Share purchase warrant (each, a ‘Warrant‘). Each Warrant is exercisable to acquire one Common Share at a price of $0.16 until October 6, 2030 (the ‘Expiry Date‘), subject to an accelerated expiry in the event the volume weighted average trading price of the Common Shares exceeds $0.20 for 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of the Warrants accelerating their Expiry Date to a date that is not less than 30 days following the date of such notice and the issuance of a press release by the Company announcing the acceleration notice (the ‘Accelerated Exercise Period‘). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.

Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The Offering constituted a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘) as certain insiders of the Company subscribed for an aggregate of 250,000 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities 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 U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Syntheia

Syntheia Corp. is an early-stage artificial intelligence technology company, channeling its efforts into refining and expanding its proprietary, conversational AI-based platform (the ‘Syntheia AI Platform‘). The Syntheia AI Platform represents the integration of natural language processing (‘NLP‘) technology, enabling it to not only understand but also respond to human language with accuracy. The Syntheia AI Platform, a generative, AI-powered algorithm equipped with a human-like voice, boasts self-learning capabilities derived from NLP methodologies.

Currently in beta testing, the Syntheia AI Platform is crafted to offer a suite of automated solutions, particularly for retail-focused businesses where customer interaction and service are key to operations. At the heart of the Syntheia AI Platform is its use of AI to emulate human cognitive processes, combined with a sophisticated large language model, which is integral for interpreting and generating human-like language responses.

For further information, please contact:

Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434

Cautionary Statement

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269347

News Provided by Newsfile via QuoteMedia

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