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Rocky Colavito, the wildly popular and powerful slugger for the Detroit Tigers in the early 1960s, died on Tuesday at age 91 in Bernville, Pennsylvania, after a long illness.

During his four years with the Tigers as the cleanup hitter, Colavito slugged 139 home runs and knocked in 430 runs, averaging 35 homers and 107 RBIs a season.

In 1961, the best year of his 14-year career, Colavito belted 45 homers and drove in 140 runs.

The Tigers that season, loaded with Colavito, Norm Cash, (that season’s batting champ at .361), Al Kaline and a solid pitching staff (led by Jim Bunning and Frank Lary), battled the New York Yankees for the pennant all year until the Bronx Bombers pulled away in early September.

Colavito arrived in Detroit just two days before the start of the 1960 season in one of baseball’s most noted and shocking trades, as the Tigers dealt 1959 batting champ (and fan favorite) Harvey Kuenn to Cleveland for Colavito, who had tied for the 1959 home run title after hitting four consecutive homers in Baltimore and gracing the cover of Time magazine.

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The trade of hitting stars was a stunner for all involved, especially Colavito, as he recounted in 2020:

“We were playing in Memphis for our last exhibition game and I was standing on first base when Joe Gordon (manager) walked out of the dugout and told me, ‘Rocky, that is the last time you’ll bat for Cleveland. You’ve been traded to Detroit for Harvey Kuenn.’ He said ‘good luck’ and I said ‘same to you’ and that’s all I ever said to him. I was taken out of the game, and I told my teammates who were shocked and disappointed like me. I had to fly that night with my now ex-teammates to Cleveland for the opener with my new team, which was a little awkward.

‘To this day I don’t understand it, nor do the Cleveland fans who still send me letters about it. ”

After one year with Cleveland, Kuenn was traded to the San Francisco Giants. He finished his career with that franchise in 1966 with a .303 lifetime batting average, but that was far from matching the production of Rocco Domenico Colavito.

A fan favorite in Detroit

It didn’t take long for Detroit fans to appreciate the slugger, who was born in the Bronx in New York on Aug. 10, 1933 and would go on to become the biggest home run threat for the organization since Hank Greenberg two decades earlier.

Youngsters on sandlots throughout metro Detroit routinely imitated Colavito’s on-deck and batter’s box rituals.

The slugger would hold his bat with both hands over his head and pull it down behind his back. Stepping into the batter’s box, he pulled up his flannel sleeves to help free his shoulders, and often did the sign of the cross before slowly pointing his bat at the pitcher three times.

“My on-deck routine was simply a stretching exercise that helped release tension, and my pointing the bat was really a timing device where I was kind of saying ‘Put the pitch right there,’ because as a power hitter, you are looking for a ball to drive,” Colavito said in a 2010 interview. “I can’t tell you how many times people have come up to me and said that when they were kids they would imitate me.”

Although he sometimes displayed a fiery temper while arguing with umpires, and was ejected after angrily jumping into the Yankee Stadium stands behind the Tigers’ dugout in 1961 in response to a fan harassing his wife and father, Colavito is also remembered by his thoughtfulness towards admiring fans and teammates.   

When a ballgame was over, win or lose, Colavito was famous for signing autographs for fans.

“As a kid I would try to get autographs outside of Yankee Stadium and I remembered not only how bad I felt when a player wouldn’t sign for me, but also the time I didn’t want to wash my hair after Charlie Keller patted me on the head,” he said. “I would tell the kids to line up in a straight line, not to take cuts or push, say ‘please and thank you’ and then I would sign for all of them.” 

A well-traveled slugger

Colavito’s time in Detroit lasted just four seasons, as he was traded after the 1963 season.

To the shock of Tigers fans, Detroit sent Colavito, pitcher Bob Anderson and $50,000 to the Kansas City Athletics for infielder Jerry Lumpe and pitchers Dave Wickersham and Ed Rakow.

The Tigers claimed the trade was made because rookie Willie Horton was ready to take over in left field. Yet a major factor was that the 29-year-old and Jim Campbell, in his first year as Detroit’s general manager, had a bitter contract dispute that lasted into 1963’s spring training.

Following one year with the A’s, for whom he hit 34 homers with 102 RBIs, Colavito was traded to Cleveland, the city that had adopted him and the place he never wanted to leave.

In 1965, his first year back in Cleveland, Colavito led the Amercian League in games played (162), RBIs (108) and walks (93) and became the first outfielder in American League history to finish a season with a perfect 1.000 fielding percentage. Meanwhile, attendance at Municipal Stadium increased by nearly 300,000 fans.

“Our collective hearts ache at the passing of Rocky,” Cleveland VP Bob DiBiasio said in a release. “Rocky was a generational hero, one of the most popular players in franchise history. … We send our most sincere condolences to the entire Colavito family, as well as his many teammates and other organizations impacted by his passing.”

In July 1967, Colavito was traded to the Chicago White Sox before wrapping up his career in 1968 with the Los Angeles Dodgers and New York Yankees. He finished his MLB career with a .266 batting average, 374 home runs and 1,159 RBIs. In addition to nine All-Star nods — four with the Tigers (two apiece in 1961-62), one with the A’s and four with Cleveland — he had four top-10 finishes in AL MVP voting (including an eighth-place finish in ’61 with the Tigers) and a second-place finish in AL Rookie of the Year voting in 1956.

His time in the field

Colavito had a very strong arm and originally wanted to pitch and play outfield.

His last hurrah occurred on Aug. 25, 1968, when he took the mound in relief during the first game of a doubleheader against the Tigers at Yankee Stadium, nearly 10 years to the day when he pitched against Detroit in his only other mound appearance.

Colavito pitched 2⅓ innings of one-hit ball while becoming the last non-pitcher to earn a win on the mound until Colorado’s Brent Mayne matched the feat in 2000. Playing right field in the nightcap, Colavito slammed a home run off Mickey Lolich to help the Yankees sweep the weekend series. (For his MLB career, Colavito pitched 5⅔ innings, allowing no earned runs and one hit.)

At the time of his retirement, Colavito’s 371 AL homers placed him third on the AL’s all-time list among right-handed hitters, behind Jimmie Foxx and Harmon Killebrew. From 1956-66, he was one of the game’s most consistent power hitters, as he became the fifth player with an 11-year span featuring at least 20 homers in every season. During that run, he averaged 32 homers and 99 RBIs a year.

Following his playing career, Colavito served as a color analyst on Cleveland TV broadcasts, served as a coach with Cleveland and the Kansas City Royals, operated a mushroom farm and was a sales executive for a temporary staffing company. In retirement, he particularly enjoyed hunting at his 90-acre deer camp near his home.

Horton, a Detroit native who eventually replaced him in left field, fondly recalled his first encounter with Colavito.

“When I was in junior high, a buddy and me were stopped by security at Briggs Stadium after we tried to sneak into the ballpark,” Horton said. “Rocky had just walked off Cleveland’s bus and saw what happened. He took us over to the Tigers’ clubhouse manager, John Hand, and asked him if he would give us a job in the locker room and sure enough, we got it. From that day on, Rocky was my hero. I would imitate his batting stance in a mirror, pointing my bat like he did, trying to get his stroke. When I joined the Tigers, he took me under his wing and helped me become a major leaguer. He also told me that I would one day take over from him in left field. I will never forget what he did for me.”

Another teammate had a warm memory of Colavito on a cold night in Baltimore.

After right-hander Denny McLain was called up to the Tigers in September 1963, Colavito gave him his warmup jacket. As McLain remembered, Colavito said, “You need this more than me.”

Even though Horton and McLain were only teammates with Colavito for just one month in 1963, both traveled to Cleveland in 2021 and joined hundreds of fans to be with him on his 88th birthday when a statue of Colavito was unveiled in the city’s Little Italy neighborhood.

When asked in the 2010 interview how he would like to be remembered, Colavito’s voice cracked.

“People might think I would say it would be hitting 45 homers with 140 RBIs in one season, or some BS like that, but I hope people will say that, ‘Rocky was a hell of a nice guy and a good human being.’ ”

Colavito is survived by his wife of 70 years, Carmen, sons Rocky Jr. and Stephen, daughter Marisa, five grandchildren and two great-grandchildren.

Funeral arrangements are pending.

This post appeared first on USA TODAY

DALLAS — The St. Louis Cardinals have informed third baseman Nolan Arenado that they will do everything possible to trade him this winter, and have even granted permission to his agent to help facilitate a deal.

Arenado wants to be traded to a contender – with the World Series champion Los Angeles Dodgers his personal first choice – but is willing to waive his no-trade clause for “more teams than you would think,’ agent Joel Wolfe said.

“He would strongly consider it if it’s the right place to go,’ Wolfe said, “but he’s not going to go just anywhere. We hope something good happens, but he’s not going to approve and move his family and go play somewhere that would be (a lateral move).

“He’s in a good place with the Cardinals. He’s not going to go just to go.’

Wolfe has directly spoken to several teams who have shown varying interest in Arenado, including the Boston Red Sox, San Diego Padres, Philadelphia Phillies and Houston Astros. The Dodgers, however, plan to have Max Muncy remain their starting third baseman.

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Arenado, who lives in Southern California and also spends time in Phoenix in the offseason, twice passed on opt-out clause to remain with the Cardinals.

But now the Cardinals say they are going into a soft rebuild while cutting payroll.

His preference?

“A team that he thinks is going to win now and consistently for the remainder of his career,’ Wolfe said. “He wants a team that has the throttle down. I’m not saying the Cardinals don’t. That he believes he can jump right in and they’re going to win right now.

“The Cardinals are changing direction.’

Arenado, 33, still has three years remaining in his contract worth $74 million with the Colorado Rockies, his former team, responsible for $5 million.

Arenado, a 10-time Gold Glove winner, hit .271 with 16 homers and 71 RBI, his lowest totals since 2014 with a career-low .394 slugging percentage. He has spent time this winter in agility training, Wolfe said, along with martial arts.

“He’s always trying to get an edge,’ Wolfe said. “He wants to have an MVP-caliber season next year. He’s never content.

The Cardinals acquired Arenado from the Rockies before the 2021 season. He was a three-time All-Star, two-time Gold Glove winner and finished third in the NL MVP voting in 2022, but the Cardinals never won a postseason series with him.

Now, Arenado will be given the opportunity to win his first World Series before the end of his career.

“We both remain optimistic that both parties will remain happy somehow,’ Cardinals president John Mozeliak told St. Louis reporters. “He’s not demanding a trade or telling me that I have to do it, but in the best interests of both sides, I’d like to try and find him a place.’

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DALLAS — The hottest free agent in baseball was traveling Tuesday, getting ready to land in California, and start meeting next week with teams clamoring for his services.

He has never played a day in the major leagues and has only pitched in an MLB ballpark during the World Baseball Classic, but there’s not a GM or team who isn’t willing to spend every dollar they’re permitted to offer to order to sign him.

The name is Rōki Sasaki.

He’s the greatest 23-year-old pitcher on the planet, with a 100-mph fastball, devastating slider and split-fingered pitch. He was officially posted Tuesday, agent Joel Wolfe announced, providing teams a 45-day window to sign him.

Sasaki has teams drooling, going 29-15 with a 2.10 ERA in four years with the Chiba Lotte Marines, with 505 strikeouts in 394 ⅔ innings.

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He’ll also be quite the bargain since he’s under the age of 25 with less than six years’ experience. He must sign as an international amateur and can only receive money from a team’s international bonus pool, ranging from $5.1 million to $7.5 million.

No team is permitted to talk about a long-term contract or even promise a spot on the 40-man roster.

This is why money, Wolfe says, will be no factor.

“Given the gap in the bonus pool amounts is so negligible, my advice to him is don’t make a decision based on that,’ Wolfe said, “because the long-term arc of your career is where you’re going to earn your money.’

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Sasaki plans to meet with teams over the next two weeks before returning home to Japan, setting up in a central location during the first round of meetings.

“Teams have already begun sending presentations both in video and PowerPoint, PDF-form, that sort of thing,’ Wolfe said. “But we didn’t give teams a hard deadline to submit that information because we want them to be able to put the time in to do it right. Obviously, some teams were already working on these things, some of them for months I believe.”

The hope, Wolfe said, is for Sasaki to sign as close to the Jan. 15 international signing period as possible, providing time for him to get acclimated in his new city.

Sasaki has been heavily criticized in Japan for leaving NPB at a young age, two years before he’d be eligible for a massive payday like Yoshinobu Yamamoto received in his 12-year, $325 million deal with the Los Angeles Dodgers last winter.

“A lot of people jumped on board there creating some false rumors about him and his family,” Wolfe said. “It was very detrimental to his mental state.”

While the Dodgers are the favorites to sign Sasaki, joining fellow Japanese stars Shohei Ohtani and Yamamoto, Wolfe reiterated that the field is wide open.

Dodgers manager Dave Roberts was careful not to even mention Sasaki’s name in his press briefing on Monday, but San Diego Padres manager Mike Shildt was effusive in his praise for Sasaki, even predicting they would land him, joining his mentor Yu Darvish.

“We fully expect to be right there in the mix,’ Shildt said, “and at the end of the day, have Sasaki a Padre.’

There’s speculation that Sasaki, who’s soft spoken and reserved with a dry sense of humor, could prefer a quieter place like San Diego over Los Angeles, the country’s second-largest city.

“I think that there’s an argument to be made that a smaller, mid-market team might be more beneficial for him as a soft landing coming from Japan, given what he’s been through’’ Wolfe said, “and not having an enjoyable experience with the media. I’m not saying it will be, I don’t know how he’s going to view it, but it might be beneficial for him to be in a smaller market. I really don’t know how he looks at it yet because I haven’t had a chance to really sit down and discuss it with him in great detail.”

Wolfe denied, however, that the Southern California teams would have an advantage being the closest U.S. cities to Japan.

“I think about five or 10 years ago that was something that maybe they weighed a little bit more,’’ Wolfe said, “but now you can fly direct from Japan to most of the major cities in the U.S. It’s not really that much of an issue anymore.”

Sasaki has not met with any teams yet but is already doing his homework.

“He’s talked to a lot of players, foreign players, that have been on his team with Chiba Lotte,” Wolfe said. “He asked a lot of questions about weather, about comfortability, about pitching development. And just watching what other Japanese players in the major leagues are doing and how they are doing.”

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Troy Minerals Inc. (‘Troy’ or the ‘Company’) (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the submission of a drilling permit application for the Table Mountain Silica Project in British Columbia. This key milestone supports Troy’s strategic plan to evolve from an exploration-focused company into a revenue-generating mining operation, with production anticipated in the near term

The permit application details a comprehensive drilling program, requesting approval for a program involving up to 34 drill holes in 2025, totaling approximately 1,700 meters of drilling in the first year, and an additional 20 holes planned in subsequent years, bringing the total to approximately 2,700 meters over the proposed five-year period, with provisions for additional exploration activities as needed. This phased approach enables Troy to methodically advance the Table Mountain project, ensuring alignment with both operational goals and market demand.

Strategic Advancement Towards Production

The submission of this permit application underscores Troy’s commitment to expediting the development of the Table Mountain Silica Project. The planned drilling program is designed to delineate high-purity silica resources, providing critical data to support the transition into the production phase.

Yannis Tsitos, President of Troy Minerals, commented: ‘Submitting our drilling permit application for Table Mountain is a pivotal step in our aggressive strategy to evolve into a cash-flow-producing company. This initiative not only advances our British Columbia asset but also complements our broader portfolio, including the Tsagaan Zalaa Silica Project in Mongolia, as we aim to establish a significant strategic presence in the high-purity silica market in both North American and Asian jurisdictions.’

Project Highlights and Next Steps:

  • Phased Drilling Program: Authorization for up to 34 drill holes in 2025, focusing on priority targets to define the silica resource, with flexibility for additional drilling in subsequent years.

  • Production Timeline: Drilling activities are integral to Troy’s goal of initiating production at Table Mountain in the near term, contributing to the Company’s transition into a revenue-generating phase.

  • Strategic Positioning: The project’s proximity to key transportation and infrastructure hubs facilitates access to major markets, aligning with Troy’s objective to become a leading supplier of high-purity silica.

Qualified Person

Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a ‘Qualified Person’ as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Table Mountain Project vendor.

About Troy Minerals

Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located ‘critical’ mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company’s primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.

ON BEHALF OF THE BOARD,

Rana Vig | CEO & Director
Telephone: 604-218-4766
Email: rana@ranavig.com

Forward-Looking Statements

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Troy Minerals Inc.

View the original press release on accesswire.com

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Newmont (TSX:NGT,NYSE:NEM) announced the sale of its Cripple Creek & Victor mine in Colorado, US, to SSR Mining (TSX:SSRM,NASDAQ:SSRM) for up to US$275 million, continuing its ongoing restructuring efforts.

Under the terms of the deal, Newmont will receive US$100 million in cash upon closing, with an additional US$175 million contingent on regulatory approvals and conditions related to the Carlton Tunnel.

Newmont has agreed to bear 90 percent of potential closure costs exceeding US$500 million under a future regulator-approved closure plan. The transaction is expected to close in the first quarter of 2025.

For the better part of the year, Newmont has prioritized divesting its non-core assets to focus on its Tier 1 gold and copper operations. It is aiming to achieve up to US$3.9 billion in proceeds through asset sales and other liquidations.

Recent sales include the Telfer operation and a majority stake in the Havieron project for up to $475 million, alongside divestitures of the Akyem, Musselwhite and Éléonore operations. The company has also raised US$527 million through sales of other investments, including its Lundin Gold (TSX:LUG,OTCQX:LUGDF) stream credit facility.

In tandem with these divestitures, Newmont is implementing widespread organizational changes, including layoffs and a consolidation of its global business units. The company recently announced the dismissal of several senior managers, including an executive, as part of efforts to align its operational structure with its strategic priorities.

In addition, five standalone business units are being merged into three, eliminating divisions overseeing operations in Australia and Africa and integrating them with those managing North America and East Asia.

These changes come after Newmont’s acquisition of Newcrest Mining in 2023, which added significant gold and copper assets to its portfolio. The restructuring aims to reduce redundancy and optimize the organization for long-term success.

The overhaul also responds to challenges highlighted in Newmont’s third quarter report, which reveals rising costs at the company’s mines in Australia, Canada and Peru.

Despite a 30 percent increase in the gold price this year, Newmont’s share price performance has been modest, prompting internal reviews and discussions with investors about the company’s current approach.

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

This post appeared first on investingnews.com

Newmont (TSX:NGT,NYSE:NEM) announced the sale of its Cripple Creek & Victor mine in Colorado, US, to SSR Mining (TSX:SSRM,NASDAQ:SSRM) for up to US$275 million, continuing its ongoing restructuring efforts.

Under the terms of the deal, Newmont will receive US$100 million in cash upon closing, with an additional US$175 million contingent on regulatory approvals and conditions related to the Carlton Tunnel.

Newmont has agreed to bear 90 percent of potential closure costs exceeding US$500 million under a future regulator-approved closure plan. The transaction is expected to close in the first quarter of 2025.

For the better part of the year, Newmont has prioritized divesting its non-core assets to focus on its Tier 1 gold and copper operations. It is aiming to achieve up to US$3.9 billion in proceeds through asset sales and other liquidations.

Recent sales include the Telfer operation and a majority stake in the Havieron project for up to $475 million, alongside divestitures of the Akyem, Musselwhite and Éléonore operations. The company has also raised US$527 million through sales of other investments, including its Lundin Gold (TSX:LUG,OTCQX:LUGDF) stream credit facility.

In tandem with these divestitures, Newmont is implementing widespread organizational changes, including layoffs and a consolidation of its global business units. The company recently announced the dismissal of several senior managers, including an executive, as part of efforts to align its operational structure with its strategic priorities.

In addition, five standalone business units are being merged into three, eliminating divisions overseeing operations in Australia and Africa and integrating them with those managing North America and East Asia.

These changes come after Newmont’s acquisition of Newcrest Mining in 2023, which added significant gold and copper assets to its portfolio. The restructuring aims to reduce redundancy and optimize the organization for long-term success.

The overhaul also responds to challenges highlighted in Newmont’s third quarter report, which reveals rising costs at the company’s mines in Australia, Canada and Peru.

Despite a 30 percent increase in the gold price this year, Newmont’s share price performance has been modest, prompting internal reviews and discussions with investors about the company’s current approach.

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

This post appeared first on investingnews.com

Investor Insight

Mount Hope Mining’s strategic location in the prolific and resource-rich Cobar Basin, which has seen increased activity in recent years, signifies the company’s compelling investment proposition.

Overview

Mount Hope Mining (ASX:MHM) is an Australian resource company specializing in copper and gold exploration. With its flagship project located in the Cobar Basin of New South Wales, Australia, the company leverages the region’s rich mining history and underexplored potential. On August 30, 2024, Mount Hope transitioned to a public company to attract investments for its ambitious mineral exploration goals.

Mount Hope Mining’s acquisition of Fisher Resources, a wholly-owned subsidiary of Unico Silver Limited, has provided it with full control over the Mount Hope project. This project spans four tenements covering approximately 175 square kilometers, located in the southern Cobar Basin, a region with a longstanding history of copper and gold mining dating back to the 1870s.

The Cobar Basin has seen a flurry of significant mining activities in recent years, underscoring the region’s robust potential for polymetallic resource development. In August 2024, Polymetals Resources (ASX:POL) finalized the acquisition of the Endeavor Mine, located 40 kilometers north of Cobar, which boasts JORC-compliant resources of 16.3 million tonnes grading 8 percent zinc, 4.5 percent lead, and 84 grams per ton (g/t) silver. In 2023, Metals Acquisition (NYSE:MTAL) successfully acquired the CSA copper mine from Glencore, further signalling the growing investment attractiveness of the Cobar Basin as a major hub for copper production.

These activities highlight a dynamic and competitive landscape that Mount Hope Mining can leverage for its own exploration strategy.

The strength and vision of Mount Hope Mining’s leadership are critical to its success. The company boasts an experienced and dynamic board and management team, each member bringing a wealth of expertise in mineral exploration, corporate governance, and strategic planning. Their collective experience in mining, resource development, and financial oversight ensures the company is well-equipped to meet its objectives.

Company Highlights

  • Mount Hope Mining is a copper and gold exploration company based in Australia
  • The company holds 100 percent ownership of the Mount Hope project in the prolific Cobar Basin, comprising four tenements spanning 175 sq km
  • The Cobar Basin has long history of copper and gold mining dating back to the 1870s, and recently experiencing increased M&A activity.
  • Mount Hope has identified key zones of interest within the project and will be the target for near-term phased exploration
  • The company’s experienced and dynamic board and management team, bring a wealth of expertise in mineral exploration, corporate governance, and strategic planning.

Key Project

Mount Hope

The Mount Hope project is Mount Hope Mining’s flagship exploration initiative, located in the southern Cobar Basin of New South Wales, Australia. This project spans approximately 175 square kilometers across four granted exploration tenements: EL6837, EL8058, EL8290 and EL8654. The region is historically significant for its rich copper and gold deposits and has contributed substantially to Australia’s mining output since the 1870s. Despite its long-standing mining heritage, the southern Cobar Basin remains underexplored, presenting a unique opportunity for Mount Hope Mining to utilize modern exploration techniques to uncover untapped resources.

The project area encompasses several historical mining sites, including the Mount Hope, Comet and Great Central copper mines, alongside the Mount Solitary and Solar gold mines. These sites, although historically productive, have seen limited contemporary exploration, leaving substantial potential for discovering residual and new deposits.

Geology and Targets

The Mount Hope project is characterized by volcanic and sedimentary sequences with structural features conducive to hosting polymetallic deposits, particularly copper and gold. Fault zones and folding within the tenements act as pathways for mineralization, creating promising exploration targets.

Mount Hope Mining has identified key zones of interest within the project area, including Mount Hope East, Black Hill, Main Road East, Little Mount Solitary, and the Mount Solitary to Solar Trend. These targets are prioritized for exploration based on historical mining data and geophysical anomalies. The company plans to implement a phased approach to exploration, beginning with geophysical and geochemical surveys to refine target zones, followed by drilling campaigns to confirm mineralization and assess the economic viability of the deposits.

Strategic Location

The Mount Hope project benefits from its strategic location within the Cobar Basin, an established mining district with access to infrastructure and services. The recent resurgence of mining activity in and around the Cobar Basin, as demonstrated by Polymetals Resources’ acquisition of the Endeavor mine, and Metals Acquisition’s purchase of the CSA copper mine, underscores the region’s significance as a hub for resource development.

Mount Hope Mining aims to build on this momentum, leveraging both historical data and cutting-edge exploration methodologies to maximize the project’s potential. With its focus on copper and gold, commodities essential to green technologies and global markets, the Mount Hope project is well-positioned to contribute to the growth of Mount Hope Mining and the broader Australian resource sector.

Management Team

Fergus Kiley – Managing Director and CEO

Fergus Kiley plays a pivotal role in driving Mount Hope Mining’s exploration and growth strategies. He previously served as Senior Geologist and Technical Business Development Lead at Wyloo, one of Australia’s largest private natural resources investment groups. This role honed his expertise in exploration, geological modeling and project evaluation. Kiley also serves on the board of Grand Gulf Energy (ASX:GGE) and has over a decade of experience managing exploration programs for various ASX-listed companies. His leadership at Mount Hope focuses on leveraging modern exploration techniques and building partnerships to unlock the potential of the Mount Hope project.

Ben Phillips – Non-executive Chairman

Ben Phillips provides strategic oversight and governance to Mount Hope Mining. Appointed on July 5, 2024, he plays a vital role in ensuring the board operates effectively and aligns with the company’s objectives. Phillips’ leadership in other ventures and his focus on strong corporate governance bring additional credibility to Mount Hope’s public presence. His insights into the mining sector and his strategic vision position the company for sustainable growth.

Todd William – Non-executive Director

Todd Williams brings significant expertise in mining exploration and operations, particularly within the Cobar Basin. He is currently the managing director of Unico Silver (ASX:USL) and a Non-executive director of Orpheus Uranium (ASX:ORP). As the former owner of the Mount Hope project through Unico, William’s historical knowledge of the tenements is an invaluable asset. His extensive work in the region strengthens Mount Hope’s technical and operational strategies.

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The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low fertility rates nationwide.

Tokyo Governor Yuriko Koike announced that starting in April, employees of the metropolitan government will have the option to take three days off each week.

“We will review work styles … with flexibility, ensuring no one has to give up their career due to life events such as childbirth or child care,” she said in a policy speech at the Tokyo Metropolitan Assembly’s fourth regular session.

The new policy is designed to encourage Japanese couples to have children at a time when the country’s fertility rate is at a record low. Last year, it dipped to a mere 1.2 children expected per woman during her lifetime, even with the government’s increased efforts to motivate young people to start families, according to the Ministry of Health, Labor and Welfare. That number should be at least 2.1 for a population to remain stable.

Koike announced an additional policy allowing parents with children in elementary schools to trade off a bit of their salaries for the option to clock out early.

“Now is the time for Tokyo to take the initiative to protect and enhance the lives, livelihoods and economy of our people during these challenging times for the nation,” she said.

Only 727,277 births were recorded in Japan last year, according to the Health, Labor and Welfare Ministry. That may be in part because of Japan’s overtime work culture, which often pressures women to choose between having careers or families. The gender gap in the country’s labor force participation is higher than in other high-income nations, at 55% for women and 72% for men last year, according to the World Bank.

However, implementing a four-day workweek may provide government employees with more time to dedicate to raising their families.

In a 2022 series of global trials coordinated by 4 Day Week Global, a nonprofit organization, various companies took part in a four-day workweek pilot program.

More than 9 out of 10 employees who participated in the trials wanted to continue with the four-day workweek. They reported that it gave them improved physical and mental health and work-life balance and increased general life satisfaction. Measures of their stress, burnout, fatigue and work-family conflict all declined. Those participants rated their experience 9.1 out of 10.

Another Asian country put a shortened work week to the test this year.

Singapore introduced new guidelines requiring all firms to consider employee requests for flexible working arrangements, including four-day workweeks or staggered hours.

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China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between the two countries as President-elect Donald Trump prepares to take office for a second time.

China’s state market regulatory arm said the probe is related to Nvidia’s 2019 acquisition of Mellanox, a global supplier of computer networking equipment.

China had conditionally approved that acquisition in 2020.

In a statement, Nvidia said it was ‘happy to answer any questions regulators have’ about its business.

“Nvidia wins on merit, as reflected in our benchmark results and value to customers, and customers can choose whatever solution is best for them,” the company said. “We work hard to provide the best products we can in every region and honor our commitments everywhere we do business.”

The company’s shares were down roughly 3% after markets opened Monday.

Last week, the outgoing Biden administration announced a fresh set of export controls on U.S.-made semiconductors designed to limit China’s ability to use them to develop weapons and advanced artificial intelligence systems.

China immediately responded by accusing the U.S. of bullying and hypocrisy while issuing embargoes on critical materials to the U.S.

“The U.S. preaches one thing while practicing another, excessively broadening the concept of national security, abusing export control measures, and engaging in unilateral bullying actions. China firmly opposes such actions,” the Chinese Commerce Ministry said in a statement last week.

The U.S. and France have also opened investigations related to Nvidia’s market dominance, though on different grounds.

In the past year, the Santa Clara-based company, whose chips have become the processor of choice for tech firms leading the AI revolution, has powered the entire U.S. stock market higher. In 2024, Nvidia’s share price has nearly tripled, making it one of the most valuable firms in the world.

Trump has promised to levy stiff tariffs on China when he takes office. He recently picked former Sen. David Perdue of Georgia, whom a Chinese think tank has accused of being ‘anti-China,’ for U.S. ambassador to China. He also tapped economist Peter Navarro, who favors tariffs, as trade and manufacturing adviser.

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OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day.

The AI video-generation model works similarly to OpenAI’s image-generation AI tool, DALL-E: A user types out a desired scene, and Sora will return a high-definition video clip. Sora can also generate video clips inspired by still images and extend existing videos or fill in missing frames. The Microsoft-backed artificial intelligence startup, which burst into the mainstream last year thanks to the viral popularity of ChatGPT, introduced Sora in February.

It’ll debut to U.S. users as well as to “most countries internationally” later today, according to OpenAI’s YouTube livestream, and the company has “no timeline” yet for launching the tool in Europe and the U.K., as well as some other countries.

OpenAI said users don’t need to pay extra for the tool, which will be included in existing ChatGPT accounts such as Plus and Pro. Employees on the livestream and OpenAI CEO Sam Altman demonstrated features like “Blend” (i.e., joining two scenes together at the user’s direction), as well as the option to make an AI-generated video endlessly repeat.

Until now, Sora has mainly been available to a small group of safety testers, or “red-teamers,” who test the model for vulnerabilities in areas such as misinformation and bias.

Reddit users asked OpenAI executives in October about Sora’s release date, questioning whether it was being delayed “due to the amount of compute/time required for inference or due to safety.” In response, OpenAI’s product chief Kevin Weil wrote, “Need to perfect the model, need to get safety/impersonation/other things right, and need to scale compute!”

“We obviously have a big target on our back as OpenAI,” Rohan Sahai, OpenAI’s Sora product lead, said on the livestream, adding that the company needs to prevent illegal use of the technology. “But we also want to balance that with creative expression.”

OpenAI closed its latest funding round in October at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and Big Tech companies. It also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion.

It’s all part of a serious growth plan for OpenAI, as the Microsoft-backed artificial intelligence startup battles Amazon-backed Anthropic, Elon Musk’s xAI, Google, Meta, Microsoft and Amazon for the biggest slice of the generative AI market, which is predicted to top $1 trillion in revenue within a decade.

Earlier this month, OpenAI hired its first chief marketing officer, indicating plans to spend more on marketing to grow its user base. And in October, OpenAI debuted a search feature within ChatGPT that positions it to better compete with search engines like Google, Microsoft’s Bing and Perplexity and may attract more users who otherwise visited those sites to search the web.

With Sora, the ChatGPT maker is looking to compete with video-generation AI tools from companies such as Meta and Google, which announced Lumiere in January. Similar AI tools are available from other startups, such as Stability AI’s Stable Video Diffusion. Amazon has also released Create with Alexa, a model that specializes in generating prompt-based short-form animated children’s content.

Video could be the next frontier for generative AI now that chatbots and image generators have made their way into the consumer and business world. While the creative opportunities will excite some AI enthusiasts, the new technologies present serious misinformation concerns as major political elections occur across the globe. The number of AI-generated deepfakes created has increased 900% year over year, according to data from Clarity, a machine learning firm.

OpenAI has made multimodality — the combining of text, image and video generation — a prominent goal in its effort to offer a broader suite of AI models.

News of Sora’s release follows protestors’ decision to leak what appeared to be a copy of Sora over concerns about the ChatGPT maker’s treatment of artists.

Some members of OpenAI’s early access program for Sora, which it said included about 300 artists, published an open letter in late November critiquing OpenAI for not being sufficiently open or supporting the arts beyond marketing.

“Dear corporate AI overlords,” the protestors’ open letter stated, “We received access to Sora with the promise to be early testers, red teamers and creative partners. However, we believe instead we are being lured into ‘art washing’ to tell the world that Sora is a useful tool for artists.”

The letter added that hundreds of artists provided unpaid labor for OpenAI through bug testing and feedback on Sora, and that “while hundreds contribute for free, a select few will be chosen through a competition to have their Sora-created films screened — offering minimal compensation which pales in comparison to the substantial PR and marketing value OpenAI receives.”

“We are not against the use of AI technology as a tool for the arts (if we were, we probably wouldn’t have been invited to this program),” the open letter stated. “What we don’t agree with is how this artist program has been rolled out and how the tool is shaping up ahead of a possible public release. We are sharing this to the world in the hopes that OpenAI becomes more open, more artist friendly and supports the arts beyond PR stunts.”

In late November, an OpenAI spokesperson responded to the protestors’ actions in a statement to CNBC.

“Hundreds of artists in our alpha have shaped Sora’s development, helping prioritize new features and safeguards,” the OpenAI spokesperson said at the time. “Participation is voluntary, with no obligation to provide feedback or use the tool. We’ve been excited to offer these artists free access and will continue supporting them through grants, events, and other programs.”

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