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In this video, Joe walks through a comprehensive lesson on using the ADX (Average Directional Index) as part of a technical analysis strategy. Joe explains the key components of the ADX indicator, how to interpret DI+ and DI- lines, and how to identify strong or weak trends in the market. He also covers how to combine ADX with price action and volatility to improve timing and trading decisions.

In addition, Joe analyzes SPY, QQQ, IWM, and individual stocks like AMPX, UNH, and more, focusing on trend conditions, MACD, price structure, and key moving averages.

The video premiered on June 4, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

A lot has happened in the stock market since Liberation Day, keeping us on our toes. Volatility has declined significantly, stocks have bounced back from their April 7 low, and the economy has remained resilient.

If you’re still feeling uncertain, though, you’re not alone. The stock market’s in a bit of a “wait and see” mode, going through a period of consolidation as it figures out its next move. 

The S&P 500 ($SPX) is hesitating to hit 6000 despite reclaiming its 200-day simple moving average (SMA). This indecision can leave investors feeling stuck in “no man’s land.” And it’s not just the S&P 500, either; most major indexes are in a similar scenario, except for small caps, which have been left behind. This could be because the market has priced in a delay in interest rate cut expectations.

Tech Is Taking the Lead

If you drill down into the major indexes, there is some action you shouldn’t ignore. Tech stocks have started to take the lead again, although momentum has been lacking. Over the past month, the Technology sector has been up over 4%.

FIGURE 1. S&P SECTOR ETF PERFORMANCE OVER THE LAST 30 DAYS. Technology is the clear leader with a gain of over 4%.Image source: StockCharts.com. For educational purposes. It’s encouraging to see tech stocks regain their leadership position. Tech is a major force behind the S&P 500 and Nasdaq Composite ($COMPQ). The daily chart of the Technology Select Sector SPDR Fund (XLK) shows the ETF has been trying to break above a consolidation range it has been stuck in since mid-May.

FIGURE 2. DAILY CHART OF XLK. Although the ETF has barely broken above its consolidation range, we need to see greater momentum to confirm a follow through to the upside.Chart source: StockCharts.com. For educational purposes.Nothing is standing in the way of XLK reaching its all-time high, but the momentum isn’t quite there yet. The 14-period relative strength index (RSI) is below 70 and looks to be stalling, pretty much in line with the overall stock market’s price action.

So, what’s the market waiting for? Maybe a catalyst, like Friday’s non-farm payrolls report. This week’s JOLTS, ADP, and ISM Services data didn’t move the needle much, but the NFP report could be the game changer.

S&P 500 Technical Forecast

Where could the S&P 500 go from here? Let’s dive into the weekly chart.

FIGURE 3. WEEKLY CHART OF THE S&P 500. The index is spitting distance to its all-time high. A break above the November high would clear the path to new highs.Chart source: StockCharts.com. For educational purposes.

The S&P 500 broke above its 40-week SMA on the week of May 12 and has held above it. However, it has been in a consolidation for the last month, similar to that of XLK.

The S&P 500 is approaching its November high of 6017. A break above it could push it toward new highs. On the flip side, if it slides below the 40-week SMA, it would be a cause for concern and could mean the May 12 gap-up could get filled. Keep an eye on the 5688 level. If the S&P 500 pulls back close to that level and turns around, it would be a healthy correction — an opportunity to buy the dip. A further downside move would mean exercising patience or unloading some of your positions.

What’s Going On With Gold and Bonds?

While stocks are grinding sideways, gold prices are rising, and bond prices are showing green shoots. This price action tells us that investors could be bracing for slower growth ahead. It’s not something to panic about — just something to watch.

You can get a quick look at what gold, bonds, and all the major indexes are doing by checking out the StockCharts Market Summary page and Your Dashboard.

So, what should you do?

Hold, add, or fold? That’s the big question. The market needs time to digest a lot, from economic data to geopolitical risks and policy headlines. Keep checking in and monitor the sectors, observe index performance, and note how other areas of the market, such as precious metals and bonds, are reacting.


 Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

OKLAHOMA CITY – Indiana Pacers coach Rick Carlisle knows the coaching business inside-out.

Not only as a head coach in the NBA for 25 years but also as president of the National Basketball Coaches Association, which represents and supports the league’s coaches.

Carlisle wasn’t sure what to believe when news broke that the New York Knicks fired Tom Thibodeau on June 3.

“When I first saw it, I thought it was one of those fake AI (artificial intelligence) things. No way. There’s no way possible,” Carlisle said June 4, the day before Game 1 of the NBA Finals between Indiana and Oklahoma City.

In five seasons with the Knicks, Thibodeau, 67, went 226-174 and led the Knicks to the playoffs four times, including an Eastern Conference finals appearance this season, marking the first time in 25 seasons the Knicks advanced to the East finals.

“I get asked frequently about these things,” Carlisle said. “I always say shocked. Sometimes you get numb and you’re not shocked. The Knicks have such a unique situation with so much attention and such a large fan base and such a worldwide following, it’s one of the most difficult jobs to take. The guys that have been most successful, Red Holzman, Pat Riley, Jeff Van Gundy, Rick Pitino had a short run but a very effective run.

“There were a lot of lean years. Thibs went in there and changed so much. So, you look at all that, then what happened yesterday.”

Carlisle is confident Thibodeau, the Coach of the Year in 2010-2011 and 2020-21, will return to the NBA when he wants. Of the past seven Coach of the Year winners, just Cleveland’s Kenny Atkinson (2024-25) and Oklahoma City’s Mark Daigneault (2023-24) remain with the same team. Mike Budenholzer, Nick Nurse, Thibodeau, Monty Williams and Mike Brown were all dismissed.

“Teams and ownership can make these decisions unilaterally, and it’s their right to do that,” Carlisle said. “So, Tom will certainly be fine. I don’t think he’s going to have any problem finding his next job. It’s just going to depend on when he’s ready to jump back in again.”

This post appeared first on USA TODAY

Game 1 of the Stanley Cup Final looked like it might head to a second overtime, then the Florida Panthers’ Tomas Nosek put the puck over the glass for a delay of game penalty.

Star Leon Draisaitl scored at 19:29 to give the Edmonton Oilers a 4-3 victory and 1-0 lead in the best-of-seven championship series. Edmonton didn’t win in last season’s series until Game 4 of an eventual seven-game loss.

Panthers coach Paul Maurice called it a tough break and addressed how he would help Nosek bounce back.

‘Make sure he doesn’t eat alone tonight, that he’s got a lot of people sitting at his table reminding him of how good he’s been to us,’ Maurice said.

Maurice brought Nosek into the lineup when he changed up the fourth line after the Panthers lost the first two games against the Toronto Maple Leafs. He said the Panthers wouldn’t have survived the second round without Nosek’s contributions.

‘It’s going to be tough when he’s going to eat that (penalty) for a day, but from his penalty kill to that line, really changed the flow of that Toronto series, we’re going to remind him of that a whole bunch of times before the puck drops,’ Maurice said.

Said Brad Marchand: ‘That stuff happens in the game of hockey. It’s a bad break. He’s been a great player for us all year, all playoffs.’

Oilers coach defends goal challenge

Oilers coach Kris Knoblauch’s challenge of Sam Bennett’s first goal initially cost Edmonton before the team rallied.

He challenged for goalie interference but the officials said Bennett was tripped into goalie Stuart Skinner. Edmonton got a delay of game penalty and Brad Marchand scored on the power play as Florida turned a 1-0 deficit into a 2-1 lead.

Knoblauch said he based the challenge on how he has seen goaltender interference being called.

‘If that play happened again, I’ll challenge it,’ he said.

Said Bennett: ‘I knew I didn’t just fall. There was contact. I still haven’t really seen it (the replay). Those can go either way.’

This post appeared first on USA TODAY

Texas softball needed one swing of the bat to come away with a win in Game 1 of the national championship series against Texas Tech on Wednesday.

Longhorns catcher Reese Atwood came up to bat with runners on second and third with two outs in the bottom of the sixth inning, as Texas trailed 1-0. Texas Tech and ace pitcher NiJaree Canady opted to intentionally walk Atwood, however, Canady’s pitch in a 3-0 count got too much plate, and Atwood roped a single into left field to give Texas a 2-1 lead, which stood.

The pitch was a brutal mistake for the Red Raiders, as Canady was having no issues with Texas’ lineup until leaving a pitch meant to be out of the strike zone over the plate. Longhorns pitcher Teagan Kavan was also outstanding, allowing one run on three hits with three strikeouts.

Atwood’s first hit at the 2025 WCWS came at a perfect time, and Texas moves one win away from its first national title in program history.

Here are the highlights from Texas’ 2-1 win over Texas Tech on Wednesday:

Texas vs Texas Tech softball highlights

Texas vs Texas Tech softball live score

This section will be updated

Texas vs Texas Tech softball live updates

This section will be updated

Texas wins Game 1

Reese Atwood’s two-run single is enough to win it, as Teagan Kavan shuts the door in the top of the seventh to secure Texas’ 2-1 win.

Kavan goes seven innings, allowing one run on three hits with three strikeouts.

Reese Atwood gives Texas 2-1 lead

Wow, Texas Tech opts to intentionally walk Texas’ best hitter in Reese Atwood with two outs and two runners on base, but Atwood swings anyway and drives in two runners on a single to left field.

What a swing from Atwood, who gives Texas a 2-1 lead. Texas’ social media account also threw some shade at the umpires in its post of Atwood’s swing.

Texas puts runners on 1st and 3rd base with 2 outs

Texas puts runners on first and third after Kayden Henry and Mia Scott hit back-to-back singles with two outs.

NiJaree Canady up to 5 strikeouts

NiJaree Canady is now through five scoreless innings, allowing only one hit on five strikeouts. She is dealing against the Longhorns.

Victoria Hunter nearly hits game-tying home run

Texas designated player Victoria Hunter blasts a pitch from NiJaree Canady over the left-field fence, but the ball narrowly falls left of the foul pole. That ball was crushed, but unfortunately for Texas was not in fair territory.

Texas Tech takes 1-0 lead

An obstruction and an error come back to haunt Texas, as Mihyia Davis bloops a single into shallow right field that scores Logan Halleman from second base.

Texas Tech leads 1-0 after the controversial call.

Texas Tech gets runner in scoring position

Logan Halleman reaches first base with one out after an infield error by Kaydee Bennett before Halleman then appears to get thrown out at second base by catcher Reese Atwood. Halleman got to stay at second, however, as the umpiring crew found there was obstruction on the tag attempt.

Texas Tech with a runner in scoring position with two outs in the top of the fifth inning.

3-up, 3-down for Canady

NiJaree Canady sets Texas down in order once again, raising her strikeout total to four on the night. Canady has been nails through four innings.

Bailey Lindemuth also made a nice play on a groundball in the bottom of the fourth inning.

Pitchers’ duel in full force

Teagan Kavan and NiJaree Canady have been sensational so far, as the game is still tied at 0-0 heading into the bottom of the fourth inning. Kavan has allowed two hits with two strikeouts and Canady has allowed one hit with three strikeouts.

One run for either team might be enough for a win at this rate.

ESPN broadcast honors Geri Ann Glasco

Former Georgia and Oregon softball player Geri Ann Glasco, the son of Texas Tech coach Gerry Glasco, was coached by now-Texas coach Mike White with the Ducks. Geri Ann tragically died in a car accident in 2019, which was set to be her first year on Glasco’s staff at Louisiana.

Now, her former coach and dad are facing off for a national title.

Patrick Mahomes sends gift to Texas Tech softball

Three-time Super Bowl-winning quarterback Patrick Mahomes is giving back to his alma mater, as he sent a gift to Texas Tech softball that included a letterman jacket and Adidas shoes. Mahomes and the Red Raiders are both sponsored by the sports brand.

NiJaree Canady works around walk in 2nd inning

NiJaree Canady hits Katie Stewart with a pitch but forces three outs on balls in play to get out of the second inning. Canady has faced seven hitters through two innings.

Texas Tech also goes 1-2-3

No issues for Teagan Kavan to start the second inning, as she forces two groundouts and a flyout. Both pitchers for Texas and Texas Tech look good so far.

Texas goes 1-2-3 in 1st inning

NiJaree Canady gets a groundout and two strikeouts for an easy first inning, as she only needed 12 pitches.

Texas gets out of jam

Mia Scott fields a groundball and fires home, getting out the lead runner before NiJaree Canady is thrown out by the catcher at first base to complete the 5-2-3 double play.

Teagan Kavan then gets an inning-ending groundout, getting out of the early jam. Texas Tech squanders its opportunity.

Texas Tech with runners on first and third

Hailey Toney follows up with another single, putting runners on first and third base with no outs. Texas Tech with an early scoring chance in the top of the first inning.

Texas Tech with leadoff single

Nice start for Texas Tech, as leadoff Mihyia Davis swings at the first pitch and ropes a single into left field. We’re underway from Oklahoma City.

Texas-Texas Tech starting pitchers

As expected, Texas is starting Teagan Kavan and Texas Tech is starting NiJaree Canady in the circle. It’s a rematch from their regular season matchup that went nine innings and ended with a 2-1 Texas win.

Texas softball lineup

  1. RF Ashton Maloney
  2. CF Kayden Henry
  3. 3B Mia Scott
  4. C Reese Atwood
  5. 1B Joley Mitchell
  6. LF Katie Stewart
  7. SS Leighann Goode
  8. DP Victoria Hunter
  9. 2B Kaydee Bennett

Texas Tech softball lineup

  1. CF Mihyia Davis
  2. SS Hailey Toney
  3. 1B Lauren Allred
  4. P NiJaree Canady
  5. 2B Alexa Langeliers
  6. RF Alana Johnson
  7. LF Demi Elder
  8. C Victoria Valdez
  9. 3B Bailey Lindemuth

What time does Texas vs Texas Tech softball start?

  • Time: 8 p.m. ET
  • Date: Wednesday, June 4
  • Location: Devon Park (Oklahoma City)

First pitch for Game 1 of the WCWS finals is scheduled for 8 p.m. ET from Devon Park in Oklahoma City.

What TV channel is Texas vs Texas Tech softball on today?

  • TV channel: ESPN
  • Streaming: ESPN app | ESPN+

Game 1 of the national championship series between Texas and Texas Tech will air live on ESPN, with streaming options on the ESPN app (with a cable login) and ESPN+, the latter of which serves as the network’s streaming service.

WCWS schedule

  • Wednesday, June 4: Texas vs. Texas Tech | 8 p.m. | ESPN (ESPN+)
  • Thursday, June 5: Texas vs. Texas Tech | 8 p.m. | ESPN (ESPN+)
  • Friday, June 6: Texas vs. Texas Tech | 8 p.m. | ESPN (ESPN+) *

* If necessary

The biggest stories, every morning. Stay up-to-date on all the key sports developments by subscribing to USA TODAY Sports’ newsletter.

This post appeared first on USA TODAY

The 2025 Masters winner spoke for the first time Wednesday about his failed driver test at last month’s PGA Championship and defended his decision to skip speaking with reporters throughout the major tournament. McIlroy said during a pre-tournament news conference at the PGA Tour’s RBC Canadian Open outside Toronto that part of his silence was due to being ‘pretty annoyed’ only his failed driver test was leaked to the public and not also Scottie Scheffler, according to Golfweek.

Scheffler later revealed he also was ruled to have had a non-conforming driver during PGA Championship week.

“I was a little pissed off because I knew that Scottie’s driver had failed on Monday, but my name was the one that was leaked. It was supposed to stay confidential. Two members of the media were the ones that leaked it,’ McIlroy said. ‘I didn’t want to get up there and say something that I regretted, either, because there’s a lot of people that — I’m trying to protect Scottie. I don’t want to mention his name. I’m trying to protect TaylorMade. I’m trying to protect the USGA, PGA of America, myself. I just didn’t want to get up there and say something that I regretted at the time. With Scottie’s stuff, that’s not my information to share. I knew that that had happened, but that’s not on me to share that, and I felt that process is supposed to be kept confidential, and it wasn’t for whatever reason. That’s why I was pretty annoyed at that.”

McIlroy had a disappointing showing at the 2025 PGA Championship on the heels of becoming just the sixth golfer in history to complete the sport’s career grand slam. He finished in a tie for 47th (+3) and was never in contention after shooting a 74 in the first round. The RBC Canadian Open, which begins with first-round action on Thursday, is McIlroy’s first PGA Tour event since the PGA Championship.

But it was McIlroy’s cold shoulder to reporters throughout the second major of the year that became as much the story as his performance. In explaining why he chose to do that, McIlroy called the PGA Championship ‘a bit of a weird week.’

He played poorly and wanted to practice after the first round, rather than speak with reporters. The second day of the tournament ended late and he wanted to get back to see his daughter, Poppy, before she went to bed. His tee time on Saturday got delayed from the morning to the afternoon and he felt too tired to speak with reporters afterwards.

‘Then Sunday, I just wanted to get on the plane and go back to Florida,’ McIlroy said.

“From a responsibility standpoint, look, I understand, but if we all wanted to, we could all bypass you guys … and we could go on social media and we could talk about our round and do it our own way,” McIlroy added, addressing reporters and the PGA Tour media policy. “We understand that that’s not ideal for you guys and there’s a bigger dynamic at play here, and I talk to you guys and I talk to the media a lot.’

‘I think there should be an understanding that this is a two-way street,’ he continued, ‘and as much as we need to speak to you guys, we understand the benefit that comes from you being here and giving us the platform and everything else. So I understand that. But again, I’ve been beating this drum for a long time. If they want to make it mandatory, that’s fine, but in our rules it says that it’s not, and until the day that that’s maybe written into the regulations, you’re going to have guys skip from time to time, and that’s well within our rights.”

McIlroy also declined to speak with reporters after he blew a late lead with bogeys on three of the final four holes at the 2024 U.S. Open. His silence at the PGA Championship comes after a similar discussion emerged when Collin Morikawa declined to hold a session with reporters after he finished in second place at the Arnold Palmer Invitational in March.

Though Morikawa took criticism from golfers-turned-commentators like Brandel Chamblee and Rocco Mediate, McIlroy came to his defense. McIlroy is slated to play in the 2025 U.S. Open at Oakmont Country Club beginning June 12 after his appearance at the RBC Canadian Open this week.

This post appeared first on USA TODAY

The NBA’s 3-point shot has enemies.

Too many 3s, they say. The shot is ruining the game, they say.

And those critics of the 3-point shot found ammunition in the Eastern Conference semifinals of this season’s playoffs when the Boston Celtics attempted 60 3-pointers and missed 45 against the New York Knicks. The guffawing ignored the fact that Boston’s 3-point shooting was instrumental in its 2023-24 championship season and in its 61-21 record this season.

Regardless of your aesthetic view of how basketball should be played and what it should look like, the 3-point shot has turned divisive but remains vital to winning championships.

Of the past 15 champions, 13 were either top 10 in 3s made per game or top 10 in 3-point percentage. Nine were in the top 10 in both categories during the regular season, including last season’s Celtics. They were No. 1 in makes per game and No. 2 in percentage and outscored Dallas 210-144 on 3-pointers in a five-game Finals series.

How important has the 3-point shot become? Two decades ago, teams averaged 15.8 3-point attempts and 5.6 makes per game and shot 35.6% on 3s. This season, teams attempted 37.6 3s and made 13.5 per game and shot 36%. Five players including Golden State’s Steph Curry and Boston’s Jayson Tatum shot at least 10 3s per game in 2024-25.

“The fact now that you can’t play in this league unless you can shoot, that even 7-footers have to be able to shoot these days and have to be able to shoot at long range, I actually think that’s a beautiful thing,” NBA commissioner Adam Silver said at All-Star Weekend in February.

Live by the 3-pointer, die by the 3-pointer

How important has the 3-point shot become?

In 2010, the Los Angeles Lakers were 13th in 3s made per game at 6.5 during the regular season. During their run to the championship, they were fourth in 3s made per game at 6.8 and 11th in percentage at 33%.

The 3-point shot will play a significant role in the outcome of the Finals. If you can’t make enough 3s, you can’t win today.

“I’ll say this about the 3-point line and the volume, the plus has been, and I think you’ve seen a lot of that this season in particular, it lets and allows teams to always think they’re never out of big deficits,” Basketball Hall of Famer Reggie Miller said when asked by USA TODAY Sports. “We saw some incredible comebacks this year, teams being down 20, 24, 28 points and teams being able to get back in the ballgame strictly enforced by that 3-point line.”

Look at the moments the 3-point shot has provided in the past six weeks:

  • Golden State’s Buddy Hield made 9-of-11 3s in a Game 7 victory against Houston in the first round.
  • The Pacers’ comeback from 17 down in the fourth quarter against New York included 7-of-8 on 3s in the final 4:45 of regulation in Game 1 of the Eastern Conference finals.
  • Indiana star Tyrese Haliburton’s 3-pointer with 1.1 seconds left in the fourth quarter led to a 120-119 victory against Cleveland in Game 2 of the East semifinals.
  • Minnesota set a franchise record for made 3s in a playoff game with 21 against the Lakers in Game 1 of the first round.
  • Aaron Gordon made a 3-pointer with 3.6 seconds left, giving Denver a 121-119 victory over Oklahoma City in Game 1 of the Western Conference semifinals.

Why has the shot become divisive? Critics complain it has taken a lopsided influence on games, rendered low-post play unfashionable, led to stagnant offense with too many players hovering at the 3-point line and created too many bad shots from players who shouldn’t be taking 3s.

In a paper presented at the influential MIT Sloan Sports Analytics Conference, two Syracuse University professors posited that a  ‘dispremium’ has been placed on 3-point shots and that the value of a 2-point shot is greater than the value of a 3-pointer when taking into account foul shots and some players should be taking fewer 3s.

Kirk Goldsberry, the author of “Sprawlball,” a former executive with San Antonio and now a professor, has analyzed shot selection and location and recently posted a suggestion on social media: Eliminate corner 3s.

Others have suggested giving defenders leeway to play more physical behind the 3-point line.

The topic has reached the highest level of the league office. Silver and key participants in the league’s basketball operations staff, including president of league operations Byron Spruell and executive vice president of strategy and analytics Evan Wasch, are monitoring.

Silver and his staff give thoughtful consideration to how the game is played, how it is viewed and the entertainment value, but there are not signs major changes are coming.

“I’ve also learned, having been around this game for a long time, not to overreact,” Silver said. “I do think it’s a beautiful game. … I’m never going to say there isn’t room for improvement. We’ll continue to look at it and study it, but I am happy with the state of the game right now.”

Steph Curry and his 3-pointer revolutionized the NBA

The shot’s influence is undeniable.

Curry’s 3-point shooting has revolutionized basketball. The Warriors have won four titles since 2015, Curry is the game’s all-time leader in made 3-pointers, has demonstrated that a 38-foot shot is a good shot – for some players – and has delivered some of the game’s biggest and best highlights.

If fans are so put off by the shot, tell that to the thousands who show up early to watch Curry go through his pregame shooting routine.

“Steph Curry without the 3, he’s not Steph Curry,” TV analyst and former NBA coach Stan Van Gundy said. “I think it’s been great.”

Curry gets a kick out of the debate. During the 2015 Finals between Golden State and Cleveland, then-ABC analyst and former Warriors coach Mark Jackson said Curry was hurting the game at large with not just his 3-point shooting but the distance from which he attempted shots. Jackson said he saw too many young kids in the gym trying to shoot 3s without proper form and from too far away.

“That impact is pretty surreal to me just because that’s the way that I’ve seen the game since I was a kid,” Curry said. “I love expanding my range, but even more, I love the work that goes into earning and deserving that confidence.

“That’s the message that I preach all the time is I want everybody to be inspired, if you love basketball, to be able to shoot and get better and stretch your range and shoot 5-, 10 feet outside the 3-point line, I would love you to be inspired to do that, but you’ve also got to work at it, too.’

Follow NBA reporter Jeff Zillgitt on social media @JeffZillgitt

This post appeared first on USA TODAY

Exploring for gold is a costly endeavor that often comes with great risks, especially for junior mining companies.

These small-scale companies are faced with the challenge of locating a metal that is extremely rare, and even if they do find it, they need to ensure gold is present in economically viable quantities.

That’s where the use of satellite imagery and remote sensing comes in. Using satellite systems scanning for gold helps explorers survey land without having to invest heavily in equipment or develop on-site infrastructure.

What was the original Landsat system?

When the first Landsat satellite was launched in 1972, geologists used sensors to collect simple data, such as surface features. They were able to get clues on potential mineral deposits beneath the surface, and could use the data for mapping. However, since then, imaging sensor technology has undergone rapid advancements that have allowed explorers to collect increasingly more useful data.

The very first sensors used on satellites were problematic, mainly because of their poor spectral resolution and inadequate spectral coverage. These limitations rapidly changed in the early 1980s with the launch of Landsat 4 and 5, which carried the Thematic Mapper scanning system. The system added coverage of the short-wave infrared and mid-infrared regions of the spectrum.

The Thematic Mapper scanning system is still used as an exploration tool, but newer satellites have been launched with better spectral resolution and accuracy when determining surface mineralogy.

Satellites are now fitted with hyperspectral sensors that identify materials without having to view them in person. Spectral data is collected by aircraft and satellites using infrared, near-infrared, thermal-infrared and short-wave technology. Geologists can use this data to pick out rock units and find clues about subsurface deposits of minerals, oil and gas and groundwater.

The technology in satellite systems has advanced to the point where they can be used to identify and map not only individual mineral species, but also chemical variations within the molecular structure of the crystal lattice of the mineral.

The resolution of sensors on satellites can’t be compared to aircraft spectral remote sensors, but these satellites do come with other advantages. For example, gold-prospecting satellite systems are able to collect more data from larger areas without having to fly any aircraft over the land of interest.

What are the benefits of satellite imagery in mineral exploration?

With the ability to determine texture and type from miles above the ground, locating, analyzing, identifying and mapping the composition of the Earth’s surface is now greatly advanced. Here are a few benefits of using satellites for detecting gold in mineral exploration.

Lower costs and risks

Satellite imagery helps reduce the cost of surveying land due to the fact that on-site personnel and equipment aren’t needed. Explorers can instead use a number of data sources to draw valuable insights for potential projects. This is especially helpful for juniors that have to justify risks to gather financing or begin operations.

Value across the lifecycle

Geospatial data is critical to mineral exploration, but it can also be applied to all phases of the mining lifecycle. Satellite images can be used to inform activities like building mine infrastructure or anticipating risks that are linked to a site’s geography. The relatively low cost and high utility of satellite imagery makes it a versatile technology for explorers.

Data abundance

The advancement of sensor technologies has allowed companies to combine valuable satellite data with other information sources like drone mapping, feasibility studies and historical data about geographical sites.

Satellite imagery also helps gather data that otherwise wouldn’t be attainable due to challenges in topography or climate. Diversifying information sources and increasing the sheer amount of available data means miners and scientists can gather new insights through their analysis.

Companies are also able to feed these large data sets into artificial intelligence and machine learning tools that assist with pattern recognition and dataset interpretation, speeding up target identification.

Satellite imagery certainly isn’t the only tool available to explorers, but it serves as an excellent complement to more accurate and resource-intensive technologies like LiDAR, GPS surveying and unmanned aerial vehicles.

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

This post appeared first on investingnews.com

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finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) is pleased to announce that due to strong investor interest it has increased the size of its non-brokered private placement (the ‘ Private Placement ‘), previously announced on May 26, 2025 to raise up to $1,700,000 . The Private Placement will consist of the issuance of any combination of: (i) common shares of the Company to be issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a ‘ FT Share ‘) at a price of $0.11 per FT Share, and (ii) non-flow-through units of the Company (each, a ‘ NFT Unit ‘) at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $1,700,000 . The Private Placement is subject to a minimum offering amount of $500,000 to be raised through any combination of FT Shares and NFT Units.

The Company also announces that it will use the gross proceeds from the issuance of FT Shares to incur ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’, as such terms are defined in the Income Tax Act ( Canada ).

Each NFT Unit will be comprised of one non-flow-through common share of the Company (each, a ‘ NFT Share ‘) and one non-flow-through common share purchase warrant (a ‘ Warrant ‘). Each Warrant will be exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share for a period of two years from the date of issuance of the Warrant (the ‘ Warrant Expiry Date ‘), subject to acceleration. The Warrant Expiry Date may, at the Company’s sole discretion, be accelerated if at any time following the Closing Date (as defined herein), the common shares of the Company trade at a daily volume-weighted average trading price above $0.30 per common share for a period of 30 consecutive trading days on the TSX Venture Exchange (the ‘ TSXV ‘) or on such other stock exchange where the majority of the trading occurs (the ‘ Trading Target ‘) and the Company provides notice to the Warrant holders by way of press release announcing that such Trading Target has been achieved, provided that the accelerated expiry date of the Warrants falls on the earlier of (unless exercised by the holder prior to such date) (the ‘ Accelerated Expiry Date ‘): (i) the 30th day after the Company provides notice to the Warrant holders of its intention to accelerate the Warrant Expiry Date; and (ii) the Warrant Expiry Date. The failure of the Company to give notice in respect of a Trading Target will not preclude the Company from giving notice of any subsequent Trading Target. All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holders.

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document.

Subject to compliance with applicable regulatory requirements, the Private Placement is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The securities issued to purchasers in the Private Placement will not be subject to a hold period under applicable Canadian securities laws. There is an amended and restated offering document related to the Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.finlayminerals.com . Prospective investors should read this amended and restated offering document before making an investment decision.

The closing of the Private Placement is expected to occur on or about June 9, 2025 (the ‘ Closing Date ‘). The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSXV. The Company may pay finder’s fees in cash and securities to certain arm’s length finders engaged in connection with the Private Placement, subject to the approval of the TSXV.

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 the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been 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 requirements thereunder.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown ,
Executive Chairman of the Board & Director

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

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the terms and completion of the Private Placement, raising the minimum and maximum amounts of the Private Placement, the payment of finder’s fees and issuance of finder’s securities, the anticipated closing date and the planned use of proceeds for the Private Placement. Although Finlay 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 or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. 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,   and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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