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The next time you hear someone, anyone, from college sports complain about a lack of revenue, laugh in their face. 

They’ll have you believe those mean, greedy players have sidetracked an amateur sports world of faithful and loyal do-gooders, and ransacked it for every dollar it’s worth.

If I had $1,000 for every time a college football coach declared the current world of college sports “unsustainable,” I could pay Luka Doncic’s contract extension. 

And speaking of extension, that’s where this story turns to the absurd. Late last week, Oregon decided to extend coach Dan Lanning, who was last seen on the big stage trailing 34-0 in the College Football Playoff Rose Bowl quarterfinal — as the nation’s No.1 ranked team. 

That’s nearly $11 million per over six years for Lanning – and $60.4 million guaranteed – who has lost too many games of significance as a head coach.

I don’t blame Lanning for his agent getting everything he can out of Oregon. I blame Oregon, and the 69 other Power Four schools that include Oregon State and Washington State, who have claimed poverty since the NCAA in 2021 decided to open up a can of NIL and free player movement — at the same damn time. 

(To this day, the dumbest move in a long, long line of dumb NCAA moves).

I blame the entire 70 schools that – are you ready for this? – will make an estimated $7.4 billion in fiscal year 2025-26, and as much as $10.5 billion by 2034-35, according to a declaration filed last week in support of the multi-billion dollar House settlement. 

And still can’t figure out how to pay players without claiming the world is coming to an end. 

SPRING POWER RANKINGS: Big Ten | SEC | ACC | Big 12

LOOKING AHEAD: Our way-too-early college football Top 25 for 2025

Without adding more games to a postseason that already is competing with the NFL for television eyes. Without eating one of its own (RIP, Pac-12), and leaving two others (ACC, Big 12) scrambling for crumbs. 

The NCAA and attorneys representing players are awaiting final approval of the House case settlement – which would officially approve, in essence, pay for play through NIL – from U.S. District Court judge Claudia Wilken. It should come as no surprise that Wilkin will hold a hearing on April 7, which just so happens to coincide with the Final Four national championship game. 

The very tournament the NCAA earns an average of $1.1 billion annually over the course of an eight-year contract with media rights partners CBS and Turner.

You can’t make this up, people.

The declaration filed last week by economics expert Dan Rascher – who has served as the NCAA’s numbers cruncher in just about every antitrust lawsuit against the association – admitted the exorbitant cash flow through the 70 Power conference schools. But here’s where it gets a little tricky, so stay with me. 

The House settlement player pool (see: salary cap) is based on a percentage of eight revenue streams, including but not limited to media rights, ticket sales and bowl/playoff games. But the settlement numbers aren’t based off the entire athletic department revenue.

For example, Texas’ total operating athletic revenue for the 2024 fiscal year was $331.9 million, but its figure for the eight categories used for the pool calculation was $172.1 million. Cincinnati’s pool calculation was $38.8 million.

Under the terms of the agreement, the total of the eight revenue streams from the 70 power conference schools is pooled together, and the players would receive a percentage of that revenue that is expected to be between $20-23 million per school for the first year after the settlement. That number is guaranteed to increase by at least 4% in each of the two years.

The goal of equalizing the number for all schools is to prevent programs like Texas from spend more money on players than smaller programs like Cincinnati. Remember, the $20-23 million is what schools are allowed to spend on players in all the men’s and women’s programs for the use of their NIL — if they choose to.

This takes us all the way back to Lanning and every other coach and assistant coach who signed mega deals this offseason. Steve Sarkisian got a pay raise to $10.8 million annually, and Bill Belichick got $10 million annually to become North Carolina football coach.

Jim Knowles got $3.1 million annually to leave Ohio State and become Penn State’s defensive coordinator, a salary greater than 74 FBS head coaches had last season.

Yet here we go again, coaches and athletic directors and conference commissioners complaining about an “unsustainable” environment in college athletics.

Imagine an association of 70 schools, who have willingly pulled away from the rest of college sports – with a combined budget of $7.4 billion for the academic year – making player salaries the financial boogeyman.

Maybe, just maybe, stop increasing debt service with “facility improvements.” Or if you simply must have new stadiums and arenas and ballparks, and new stand-alone football and basketball facilities because recruits just need that new bling, stop paying coaches to not coach.

Stop paying millions to high school players who have never taken a snap of college football. Stop paying general managers for a job that can (and should) be done by the head coach and athletic director.

Stop paying for a staff of 40, or millions upon millions in recruiting budgets. Stop paying for coaches to take a helicopter to a high school game, so he looks different from every other coach there — to impress a 17-year-old kid.

And college sports has no idea why it finds itself in this predicament.

Lanning is 3-4 vs. rivals Washington and Oregon State, 1-1 in conference championship games and 0-1 in CFP games. And just got $60 million — no matter what happens over the next six seasons.

There’s your unsustainable, everyone. 

And it’s nothing to laugh about.

Matt Hayes is the senior national college football writer for USA TODAY Sports Network. Follow him on X at @MattHayesCFB.

This post appeared first on USA TODAY

INDIANAPOLIS — Have fun with this, selection committee.

Chaos reigned in the major women’s conference tournaments, just as it did in the final weeks of the regular season. Three of the No. 1 seeds in the NCAA’s last projection lost, with Notre Dame not even getting to the ACC title game. Two of the No. 2 seeds also went down. Unranked teams wreaked havoc on the top 25.

It’s glorious! Just glorious. Except for those trying to determine the 68-team tournament field and their seeds, that is.

But this kind of mayhem is further sign of the growth of the women’s game. Gone are the days of one or two schools dominating. There’s at least six teams that can make a legitimate case for winning the national title, and just as many who have serious bracket-busting potential.

So, yeah, ought to be a fun week for the selection committee before the NCAA field is announced Sunday.

Here are the winners and losers from the major conference tournaments: 

WINNERS

Big Ten

USC and UCLA have drawn much of the attention in the Big Ten, and rightfully so. UCLA spent much of the season as the country’s No. 1 team and won the conference tournament Sunday while USC won the regular-season title.

But don’t sleep on the rest of the conference. Particularly the teams in the second tier. The Big Ten could get a dozen teams in the NCAA tournament, and anyone drawing Michigan, Iowa, Nebraska or Indiana is not going to be happy.

“The fact that we have teams that are 10, 11, 12 seeds here who might be a better seed in the national tournament is wild,” USC coach Lindsay Gottlieb said after the Trojans held off Indiana 84-79 in the quarterfinals.

Michigan had USC on its heels for much of their semifinal game Saturday night. The Trojans ultimately prevailed, thanks to both Kiki Iriafen’s big third quarter and the Wolverines’ foul trouble, but Michigan showed it can play with anybody.

Iowa has won 10 of its last 13 games, and those three losses were by a total of 11 points and to ranked teams. Indiana gave USC a scare until JuJu Watkins did JuJu things. And Nebraska freshman Britt Prince showed she’s more than ready for the big time, matching her career-high with 24 against UCLA in the quarterfinals.

“The Big Ten has a lot of great teams, and I think just throughout the season we’ve gotten a lot better handling the really good teams. Especially the new additions,” Prince said after the Cornhuskers fell 85-74 in the quarterfinals.

“Being this close to UCLA, they’re one of the top teams in the country, and I think we showed how we can hang with them. I think that’s really important for us, and a big momentum booster heading into the rest of the season.”

Paige Bueckers

It takes a lot to set yourself apart at UConn, but Paige Bueckers has managed to do it.

Bueckers was named Most Outstanding Player of the Big East tournament Monday, making her the first player to win it three times. Bueckers had 24 points, eight rebounds, three assists, two blocks and two steals in UConn’s 70-50 win over Creighton.

‘You work entirely for this moment,’ Bueckers said.

Bueckers was the first to win national Player of the Year honors as a freshman, when she also led UConn to the Final Four. Injuries derailed her next two seasons, and she played just 17 games. But she has been outstanding the last two years, leading UConn back to the Final Four last year and putting them in position to make another deep run this year.

‘It was a dream since I was a kid, and it’s been everything I could dream of,’ Bueckers said of her UConn career. ‘I can’t be grateful enough.’

LSU

LSU caught a break when Aneesah Morrow’s injury wasn’t as bad as initially feared.

Morrow couldn’t put weight on her foot and had to be helped off the floor after getting hurt in the third quarter of LSU’s SEC tournament semifinal loss to Texas. But coach Kim Mulkey said afterward that Morrow had aggravated the foot sprain she’s been dealing with the last few weeks.

“She can go for the (NCAA) tournament. Everything is good,’ Mulkey said, adding that Morrow was lobbying the training staff to go back in the game against the Longhorns.

Morrow has often worn a walking boot since spraining her foot in the Feb. 16 game against Texas. But she’s continued to play, and the Tigers need her if they hope to make a run in the NCAA tournament. Morrow is LSU’s top rebounder, with 13.6 boards a game, and the Tigers’ second-leading scorer with 18.5 points a game.

Mulkey also said leading scorer Flau’jae Johnson, who missed the SEC tournament with a shin injury, will be ready for the NCAA tournament. 

Arkansas State and George Mason

What turnarounds Arkansas State and George Mason have made, resulting in first-ever trips to the NCAA tournament for each school.

Arkansas State was picked to finish 13th in the 14-team Sun Belt Conference. But it won 21 games and on Monday upset James Madison in overtime to win the Sun Belt tournament title. James Madison came into the championship game with a 20-game winning streak, including a perfect 18-0 record in conference play.

George Mason was winless in the Atlantic 10 four years ago. On Sunday, the Patriots beat St. Joseph’s to win the conference tournament. It also was George Mason’s 28th win, extending the program’s single-season record.

“We asked these players, four years ago, to believe in something that was nowhere near present,” Patriots coach Vanessa Blair-Lewis said, according to The Washington Post.

North Carolina

The whole state is dancing! OK, maybe not the whole state. But a whole lot of it.

There’s still a chance another North Carolina school could to join the party, too. North Carolina A&T won the regular-season Coastal Athletic Association title and is the top seed for this week’s conference tournament.

LOSERS

Notre Dame

Was it really only three weeks ago that the Irish were atop the rankings and in line for a No. 1 seed in the NCAA tournament? My, how times have changed.

Notre Dame skids into the NCAA tournament having lost three of its last five games, including a 61-56 loss to Duke in the ACC tournament semifinals. It was a season-low in points for the Fighting Irish.

“Defensively we’ve been lacking,” coach Niele Ivey said Saturday night. “Just having that intensity defensively is part of the reason for the last three losses, and that’s frustrating because that’s something we work on every day; it’s something we’ve been working towards the entire season.”

Saint Joseph’s

Despite 23 wins in the regular season, it was always going to be an uphill battle for Saint Joseph’s to make the NCAA tournament.

After finishing fourth in the Atlantic-10, with six losses, the Hawks needed to win the conference tournament. They came close, upsetting regular-season champ Richmond in the semifinals. But they lost to George Mason in Sunday’s final, and are projected among the first four teams left out.

Tennessee

Tennessee’s hopes of playing the early rounds at home ended in the SEC tournament.

The Lady Vols were a No. 3 seed in the NCAA’s last projection, which would have meant they’d host first- and second round games. (Unlike in the men’s tournament, which uses neutral sites for all games, the women play first- and second-round games at campus sites.)

But a loss to Georgia at home in the regular-season finale dropped Tennessee out of that group of top four seeds, and it needed to make a run in the SEC tournament to get back in there. That did not happen, with the Lady Vols losing to Vanderbilt in the second round.

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

This post appeared first on USA TODAY

Kirk Cousins needs to take a seat on the bench and count his cash.

Sure, that’s counterintuitive for a competitive, 36-year-old quarterback whose clock is ticking to, well, bolster his resume with (maybe) a second career playoff victory.

But facts are facts. A year ago, the Atlanta Falcons christened the NFL’s free agency market by signing Cousins to a four-year, $180 million contract that guaranteed a whopping $100 million. In stripping Cousins of the starting job that now belongs to Michael Penix, Jr., the Falcons are still on the hook for all that money.

Yet they don’t owe him any special favors.

Never mind that Cousins met with Falcons owner Arthur Blank last week and apparently tried to lay the tracks for a ticket out of town.

The answer should be not here, not now. Not for what he’s already cost.

Memo to Falcons: Do what’s best for your team.

Barring a release or a trade, Cousins will become the most expensive backup quarterback in NFL history. That sounds less stunning when you consider in these times, with another record salary cap ($279.2 million), pretty much everything is the most.

Unless Falcons GM Terry Fontenot can get some crazy return in a trade package (yeah, right, at 3 million-to-1 odds), it makes more sense for them to hang on to the demoted quarterback for another year than to cut bait. That’s what’s best for the Falcons right now, even when considering results that saw Cousins tie for the league lead with 16 interceptions in 2024. It’s NFL Moneyball, silly.

Cousins – who faded as last season progressed with less-than-transparent shoulder and elbow injuries in the mix — is already guaranteed $27.5 million for the 2025 season. And if he’s still on the roster at the beginning of next week, he’s due another $10 million. Last year, he was paid $62.5 million. There’s your $100 mil.

If they part ways now with Cousins, they can save $10 million – and count $90 million for one stinking season.

So, $90M for one year or $100M for two years?

With the latter option, at least coach Raheem Morris & Co. will have a layer of insurance for a year against a Penix injury.

Besides, they already made the mistake of overpaying for an aging quarterback with limited mobility, and one coming off a torn Achilles tendon. That money has already been spent. So, the Falcons need to, well, learn from the exchange.

The issue with Cousins hardly compares with the case of Grady Jarrett, the veteran D-tackle who was cut by the Falcons on Monday. Jarrett was entering the final year of a three-year deal that averaged nearly $17 million per year. They’ll take a $4.125 million cap hit for the cut. Maybe if they weren’t so over-invested in Cousins, they wouldn’t had to cut their popular defensive leader. But they were.

Cousins, meanwhile, counts for about 15% against the Falcons’ cap ledger, according to Spotrac.com, while Penix counts for less than 2%. If there’s ever a time to have an expensive backup, it’s while the starting QB is playing on a rookie contract. It’s not like the Falcons can just flip the Cousins money to Penix.

NFLPA head Lloyd Howell on 18-game season: It’s just talk (for now).

Still, Cousins, who threw his 16 picks in 14 games (Baker Mayfield, meanwhile, threw his 16 INTs in 17 games and led the Bucs to another NFC South crown), knows there’s still a market for him as a potential starter or even a bridge quarterback. Look at Cleveland, Tennessee, Seattle, Indianapolis and New Orleans as possibilities. With the Falcons’ blessing, Cousins’ crafty agent, Mike McCartney, could surely swing some sort of deal. The Browns, saddled with the Deshaun Watson guaranteed cash ($230 million), would likely salivate for a chance to land Cousins for some basement-bargain price where the Falcons pay the bulk of the contract, ala the break the Steelers got last year when Denver was willing to pay big in ridding themselves of Wilson.

It’s just too bad for Cousins that it doesn’t make sense for the Falcons.

No need for pity. Remember, no one has worked the NFL market over the past decade like Cousins, who has made more than $400 million since his rookie deal paid all of $643,000 over his first four seasons.

He was franchise-tagged twice by Washington (totaling nearly $44 million), landed a fully-guaranteed, three-year, $84 million deal from the Vikings. He re-upped twice over three years in Minnesota ($66 million, $35 million). Then he got his most valuable contract yet from the Falcons, months after tearing at Achilles tendon.

Along the way, Cousins has won just one playoff game in his career and earned a reputation for being magnificently inconsistent.

The Falcons, desperate to become a contender, went with fool’s gold. They thought they were getting a difference-maker and it turned out they missed the playoffs (again) and couldn’t even get a full season from Cousins before turning to Penix.

Now it’s time to grin and bear it with Cousins. And time for Cousins to do likewise.

If not, it would go completely against the grain of his rep. Cousins doesn’t strike me as the type who would create a locker room distraction while serving as Penix’s backup. He’d surely have to swallow some more pride in being the good teammate and ready-in-case-of-emergency backup. But who knows? Maybe he handles it differently this time, having to take a back seat to a young quarterback while his career clock ticks.

Pete Carroll is 73 and can beat you in the 40-yard dash. But can he still coach?

Then again, at this point – and with more than $400 million already earned – it’s not about the money. Maybe it’s about feeling entitled to have another shot, ASAP. Certainly, aging QBs Aaron Rodgers and Russell Wilson can relate.

It’s striking, though, that Cousins’ deal with the Falcons included a no-trade clause. And now he wants the chance to trade places.

No, this Atlanta saga has not worked out. Shortly after the Cousins signing, the NFL opened an investigation into tampering, which spun out of the quarterback casually mentioning during his introductory press conference that he talked to Falcons staff members before the free agency period officially. Combined with apparent violations that involved fellow free agent signees Darnell Mooney and Charlie Woerner, it wound up costing Atlanta a fifth-round pick and $250,000 fine, on top of a $50,000 fine for Fontenot.

Then came the shocking move to draft Penix with the eighth pick overall, which Cousins didn’t know until the Falcons were on the clock. Months later, as Cousins fizzled, the Falcons worked the succession plan sooner than first envisioned.

A few weeks ago, Cousins maintained that he played with shoulder and elbow injuries last season. Funny, though, he was listed on the injury report just once, which is probably why Morris publicly pushed back on the quarterback’s claim – which would also subject the Falcons to more NFL scrutiny related to Cousins, this time linked to the injury policy.

Yes, it’s been a mess. And one way or another, it’s not over yet.

Follow Jarrett Bell on social media: @JarrettBell

This post appeared first on USA TODAY

PHOENIX – Los Angeles Dodgers manager Dave Roberts privately worried about his job last fall, wondering if he would be fired if they suffered another first-round exit in October.

They were down two games to one to the San Diego Padres in the best-of-five NL Division Series.

They had no starter in Game 4, and were forced to go with a bullpen game. All-Star first baseman Freddie Freeman couldn’t play because of a badly sprained ankle. And shortstop Miguel Rojas, who injured his groin, tearfully had to inform Roberts that he couldn’t play either.

“I woke up that day feeling really bad, and I couldn’t play,’’ Rojas told USA TODAY Sports on Monday. “I told him, ‘Doc, I’m really sorry man, but I can’t play today. I can’t really walk.’ He texted me right back.

“’Miggy, we’re going to win the World Series this year, and we’re going to win it next year together.’ That was really special because we were one game away from not even making out of the NLDS, and he’s got the confidence on his team that we were going to win.’ You read the message, and you don’t believe it until it’s starting to happen.’’

The Dodgers, having to rely on an eight-reliever bullpen game in Game 4, won 8-0 at Petco Park, and again 2-0 in Game 5 at Dodger Stadium. They wound up winning 10 of their last 13 postseason games and cruised to the World Series title in five games over the New York Yankees. They relied on only three starters and used four bullpen games throughout the postseason.

And there was Roberts on Monday, signing a four-year, $32.4 million contract extension through 2029, a person with direct knowledge of the negotiations told USA TODAY Sports. The person spoke only on the condition of anonymity because the contract is scheduled to be announced Tuesday.

“I can’t talk about it so much, but obviously there’s some closure,’’ Roberts said. “I’m excited. This is the place where I always wanted to be. I just love what we’re doing. This is pretty special. …

“There’s obviously things off the field that are important. I try to make sure that my focus stays on the players, the game, the Dodgers organization. I think I’ve done a good job.

“But the other part of that stuff is just part of the job and I’m looking forward to some closure for sure.’’

Roberts was in the final year of his three-year contract extension that paid him $4 million this season and now doubles his contract, making him the highest-paid manager on an annual average value basis.

Roberts, who has won two World Series titles and has the highest winning percentage (.627) of any manager in MLB history outside the Negro Leagues, will be paid less overall than Chicago Cubs manager Craig Counsell’s five-year, $40 million contract of a year ago. But Counsell was a free agent. Roberts was not interested in testing the market for the potential of a larger contract.

“You guys all know this is where I want to be,’’ Roberts, 52, said this spring. “I just think it all comes down to value. And I think whatever anyone does, they want their value ….

“I do my job because I love baseball, I love the Dodgers and I love the players. But I do feel the body of work is pretty dang good.”

Indeed, Roberts, who was hired after the 2015 season to replace Don Mattingly, has led the Dodgers to four National League pennants, eight division titles and nine postseason berths in his nine years, winning 907 regular-season and postseason games.

The Dodgers have won at least 100 regular-season games in five of the last six full seasons. The only season they didn’t win the NL West under Roberts was in 2021 when they won 106 games, but finished second in the NL West race to the Giants with 107 victories.

“We’re all excited,’’ Dodgers third baseman Max Muncy said. “I couldn’t be happier for him. I already told him that dinner is on him.’’

Still, if they not gotten past the Padres in that first round, who knows what would have happened to Roberts’ job security?

“I do think that if we didn’t win that game it would have become very noisy,’’ Roberts said this spring. “A team that was obviously super-talented to lose three years in a row in the first round, albeit it takes all of us to win and lose, but I do think that calls for my job would have been heightened.”

We’ll never know for sure what would have happened to Roberts, but on Monday, his players appeared more genuinely excited for him than Roberts himself.

“He deserves this so much,’’ Rojas said. “He’s put in the time. He’s been through a lot, you know. He’s always mentioned how special it’s been for him to be the manager of this ballclub, and how special it is to be in front of this clubhouse and this franchise.

“He embodies what it means to be a good leader. And that’s what I really care about, the personality, the character and always communicating with everybody.

“That’s why I gave him a big hug today because I know how hard it’s been.’’

The Dodgers’ World Series title was their first in a full season since 1988, making Roberts only the third Dodgers manager to win more multiple World Series titles.

“It’s interesting where you don’t win a series and you can feel calls for your job,’’ Roberts said in February. “But you win the World Series and now people are saying you’re going to Cooperstown.”

The only active managers who have won multiple World Series titles are Bruce Bochy of the Texas Rangers (four) and the Cincinnati Reds’ Terry Francona (two), each of whom are considered locks for the Hall of Fame.

Roberts will be one of only seven managers this century who will have managed one team for at least 10 years, joining Mike Scioscia (2000-2018 with the Angels), Ron Gardenhire (2002-2014 with the Twins), Bochy (2007-2019 with the Giants), Joe Girardi (2008-2017 with the Yankees), Bob Melvin (2012-2021 with the A’s), Francona (2013-2023 with the Guardians) and Kevin Cash 2015-2025 with the Rays).

The Dodgers, who had only two managers in 43 years with Alston and Lasorda from 1954-1996, now continue the tradition with Roberts.

“It couldn’t happen,’’ Rojas said, “to a better person.’’

Follow Nightengale on X @Bnightengale

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Florida Panthers defenseman Aaron Ekblad has been suspended for 20 games for violating the NHL’s performance-enhancing substances program, the league announced Monday.

That will cost him the final 18 games of the regular season and the first two games of the playoffs as the Panthers prepare to defend their Stanley Cup title.

He is being referred to the NHL/NHLPA Program for Substance Abuse and Behavioral Health for evaluation and possible treatment.

‘The news that I had failed a random drug test was a shock,’ Ekblad, 29, said in a statement released through the NHL Players’ Association. ‘Ultimately, I made a mistake by taking something to help me recover from recent injuries without first checking with proper medical and team personnel.’

PANTHERS: Brad Marchand bears no ill will after Bruins trade him

Ekblad, who missed eight games in January, has averaged a team-best 23:31 in ice time, and his 33 points lead Panthers defensemen. He had six points in 24 games during Florida’s playoff run in 2024.

His absence will give more ice time to newly acquired Seth Jones, a fellow right-shot defenseman. The Panthers had traded for Jones to boost their defense after Brandon Montour and Oliver Ekman-Larsson left in free agency last summer.

‘I have let my teammates, the Panthers organization and our great fans down,’ said Ekblad, who’s in the final year of his eight-year contract. ‘For that, I am truly sorry. I have accepted responsibility for my mistake and will be fully prepared to return to my team when my suspension is over. I have learned a hard lesson and cannot wait to be back with my teammates.”

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Lobo Tiggre, CEO of IndependentSpeculator.com, shares his latest thoughts on gold, noting that bullish factors are stacking up in its favor. Among them are recent moves from the Trump administration, and a potential rise in global allocations to gold.

Tiggre also discusses copper, and gives brief thoughts on silver and uranium.

Watch the interview above for more from Tiggre on those topics and more.

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

This post appeared first on investingnews.com

(TheNewswire)

Vancouver, British Columbia TheNewswire – March 10 2025 Prismo Metals Inc. (CSE:PRIZ, OTCQB: PMOMF) ( ‘ Prismo ‘ or the ‘ Company ‘ ) is pleased to announce that it has completed its previously announced debt settlement transactions with certain creditors of the Company (the ‘ Creditors ‘), pursuant to which the Company has issued to the Creditors an aggregate of 4,451,175 common shares of the Company (‘ Common Shares ‘) at issue prices ranging from $0.075 to $0.23 per Common Share in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of approximately $464,409 (the ‘ Debt Settlement ‘).

All Common Shares issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance.

None of the foregoing securities have been and will not be registered under the United States Securities Act of 1933, as amended (the ‘ 1933 Act ‘) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Prismo

Prismo (CSE: PRIZ) is mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Steve Robertson, President steve.robertson@prismometals.com

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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New Age Exploration (ASX: NAE) (NAE or the Company) is pleased to announce the successful completion of additional geophysical surveys at its highly prospective Wagyu Gold Project in the Pilbara, WA. The Passive Seismic (Tromino) and Ground Gravity surveys were conducted across the dry Yule River bed, facilitating a deeper understanding of the geological structures and linking data from both sides of the project area.

HIGHLIGHTS

  • Completion of Passive Seismic and Ground Gravity surveys across the dry Yule River bed at the Wagyu Gold Project in Pilbara, WA
  • Several new gravity anomalies have now been identified, which may indicate the presence of more gold-mineralised intrusions, similar to those intersected in 2024 aircore drilling
  • Enhanced geological connectivity established by linking data from the east and west sides of the tenement
  • Both geophysics surveys were completed with “zero impact” on this culturally sensitive area
  • This is the third ground gravity survey and the second passive seismic survey to take place at the Wagyu Project, with previous surveys outside the river completed in April and May 2024
  • Additional targets 8 and 10 confirmed on east side of the project from gravity survey
  • 3000m of Reverse Circulation Drilling to commence imminently
  • The Wagyu Project is located in the Central Pilbara’s fast-emerging gold region, adjoining De Grey Mining (ASX:DEG) tenure containing its ~11.2Moz1 Hemi Gold deposit

The Wagyu Gold Project, located within a fast-emerging gold mineralised corridor, represents a highly prospective Gold opportunity ~9km within the same mineralised trend as De Grey Mining’s (ASX:DEG) Hemi Gold Deposit containing ~11.2 Moz1 (refer to Figure 1) in the Central Pilbara.

The Hemi Gold Mineral Resource was last updated by De Grey Mining on 14 November 20241. The estimate is for 264Mt @ 1.3g/t Au for 11.2Moz, which can be broken down into 13Mt @ 1.4g/t for 0.6Moz, 149Mt @ 1.3g/t Au Indicated for 6.3 Moz, and 103Mt @ 1.3g/t Au for 4.3 Moz Inferred.

NAE confirms that it is not aware of any new information or data that materially affects the information included in De Grey’s reported Mineral Resources referenced in this market announcement. To NAE’s full knowledge, all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

NAE Executive Director Joshua Wellisch commented:

‘The completion of these Geophysical Surveys and identification of new targets marks a pivotal step in our exploration efforts and stakeholder relations at Wagyu. With the support of the Kariyarra People, we have gathered data that links structures and anomalies across the tenement, providing a foundation of our geological understanding. We look forward to using these insights to unlock further potential at Wagyu in the lead up to the imminent 3000m RC Drill Programme.”

Geophysical Surveys and Geological Continuity

The Passive Seismic (Tromino) and Ground Gravity surveys at Wagyu have provided valuable data across the Yule River bed, enhancing the geological connectivity between the east and west portions of the tenement. The Passive Seismic survey, conducted at 200-meter intervals across nine lines, offers insights into bedrock continuity, while the Ground Gravity survey (Figure 4), with spacings of 200m x 200m and infill at 50m x 50m over specific targets, reveals density contrasts associated with mineralisation.

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At the 2025 Prospectors and Developers Association Conference, the panel “Copper vs. Gold: Which Metal Will Outperform?” tackled the question of which metal holds greater investment potential.

Moderated by Gracelin Baskaran, director of the Critical Minerals Security program at the Center for Strategic and International Studies, the discussion brought together industry experts to weigh the risks and rewards of both commodities.

Last year, gold and copper crossed key price milestones, with gold surging past US$2,700 per ounce and copper exceeding US$5 per pound. While gold is primarily seen as a financial safe haven in times of geopolitical uncertainty, copper is an essential industrial metal, increasingly central to resource nationalism and critical mineral security.

For investors, both metals present opportunities, but understanding their distinct market drivers remains crucial.

Gold and copper’s shared influences

Over the past several years, global uncertainty has been fueling an unprecedented run in the gold price.

Among the factors have been high inflation in the fallout of the COVID-19 pandemic, a three-year war between Russia and Ukraine, conflict between Israel and Gaza that has threatened to spread throughout the Middle East and economic instability sparked by the US under President Donald Trump.

Many of these same issues are impacting the copper market. COVID-19 caused spikes in inflation that have impacted a downturn in real estate development worldwide, while shipping routes have had to be altered to avoid conflict zones. Most recently, US tariffs could upend a variety of industries around the world, including the US housing market.

While these influences largely affect the demand side of commodities, the supply side is also being affected similarly. Most notably, declining grades for both copper and gold are driving up overall mining costs and ultimately eating into corporate balance sheets.

The case for copper

The biggest strength for investors in the copper sector is the supply-and-demand situation.

While copper demand growth has only slightly increased in the past few years, it has been largely held back by weakness in the Chinese real estate sector, which is traditionally one of the largest demand drivers for copper.

Despite this, demand is increasingly coming from rapid urbanization as the global population grows and younger people move to cities from rural areas at higher rates than previous generations. Additionally, demand from the tech sector is also up in several areas, including energy transition, artificial intelligence, and data centers.

Frank Nikolic, vice president of battery and base metals at CRU North America, explained that this demand was critical to copper’s value over the next few years.

“Prior to 1990 we had relatively flat or slow growing intensity of copper use per person on the planet. Then after 1990 when the world opened up with the departure of communism from the global stage, in a big way, we’ve seen the massive exposure from computers, the internet boom, the China miracle, I call it the great urbanization, and then finally the last five years or more decarbonization,” he said.

Nikolic suggested that recent growth in copper markets is owed to growth in China, but over the next five years that will begin to shift as there is increased demand from decarbonization technologies.

He also pointed to increasing wealth in the global south, specifically Indonesia, India and South America that will provide additional demand for copper.

Nikolic also acknowledged that while copper will remain in a supply-and-demand surplus over the next year, it will begin shifting into a deficit position. This will require 6 to 8 million metric tons to be added to the market over the next 10 years, but there will be significant challenges to meeting that demand.

“The filling of the demand gap is going to be a lot more expensive than in the past. We’ve seen a massive explosion of capital costs for copper, both greenfield and brownfield, and the cost to operate these assets is also increasing,” he said.

These rising costs are also being met with declining grades and depleting deposits that will require US$100 million per year just to maintain current demand growth. Nikolic also suggests that scrap substitution isn’t likely to provide much relief, noting that it’s barely keeping up with demand as it is.

David Strang, executive chairman of Ero Copper (TSX:ERO,NYSE:ERO), supported Nikolic’s views, particularly on the expansion of the global south, by providing a history of how technology impacted copper in the mid-20th century.

There was a shift beginning in the late 1940s, when homes in the West stopped having milk delivered and instead went to the grocery stores. The advent of refrigeration reduced the necessity for daily deliveries.

Adding this new technology required copper not only in the refrigerator itself but also in the electrical demands on homes and stores.

Strang pointed to India and Indonesia, which have growing economies and an expanding middle class. However, many are still without what the West would call necessities like cell phones and refrigeration.

He sees a fundamental imbalance in the copper market as this newfound wealth drives demand growth not seen since the middle of the last century.

“So here is the thing: Copper is in crisis. If the world is going to continue to where it needs to be with these economies, we need to find more copper. There are only two things that are going to affect that. One is technology, and the other is the metal price has to go up because we cannot continue to live the way we want to live with regards to the other countries that are growing as quickly as they’re growing,” Strang said.

The case for gold

Moving away from the red metal, panelist Jason Attew, president and CEO of Osisko Gold Royalties (TSX:OR,NYSE:OR), argued for investing in gold.

Marking a stark difference between the fundamentals of copper and gold, Attew pointed out that copper was largely influenced by supply and demand. He questioned if copper would be in as strong a position if the US were to go bankrupt, which he sees as a distinct possibility.

He noted that the US has US$36.5 trillion in federal debt versus US$29.1 trillion in gross domestic product (GDP), a debt-to-GDP ratio of 125 percent.

“This is the highest level since the end of World War Two … This translates to over US$650,000 per US family. It’s just remarkable. This ratio has climbed steadily since the pandemic began in 2020 when the federal government debt was approximately US$20 trillion and GDP was US$21 trillion,” he said.

Attew suggests that the pandemic and the subsequent stimulus raised inflation, requiring the US Federal Reserve to raise interest rates.

The broad picture he painted is one of the US economy on the edge of a cliff with few solutions. One possible remedy presented by Attew is to increase the money supply, but that would come with the caveat of devaluing the dollar strength, which is where his backing of gold comes in.

“Everyone knows that US dollar strength has an inverse correlation with the price of gold in real terms, all of which is very constructive for gold. So even if it’s not as doom and gloom as I said… we’re headed to a recession in the US, and it’s very challenging or difficult to see how a soft landing is going to happen here,” Attew said.

Lawson Winder, senior metals and mining research analyst with Bank of America (NYSE:BOC) Securities, agreed with Attew but added that gold was also more attractive beyond what was happening in the United States and that it provides a tangible asset in times of uncertainty.

This has led to enormous purchases by central banks, which Winder suggests is at its highest point in history. It has also led to retail purchases by Chinese and Indian consumers seeing the highest increases he’s ever seen. However, these increases in gold buying have yet to materialize with Western investors, but Winder thinks that will change.

“As the confusion with Trump and tariffs takes hold, we think Western investors will increasingly want to own more physical gold and will likely express it through these means, and will ultimately contribute to a higher gold price,” he said.

What does it mean for investors?

Both copper and gold hold their advantages and risks, and the panelists made effective cases for each metal.

The world is living through economic and geopolitical uncertainty, causing investors to turn to gold to maintain balance in their portfolios and reduce risk. Gold is unlikely to change its status as a haven asset in the near future.

The presenters also made a case for copper based on its fundamentals. Copper is a necessary commodity that powers a world that needs more electricity. Demand is up, and supply is becoming more expensive and harder to find.

Conversely, gold offers investors more options, from physical and paper ownership to equities and ETFs, while copper is largely limited to just equities and a small number of ETFs.

Ultimately, the case for both metals is strong, and given the global situation, both could provide investors with excellent opportunities in 2025.

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

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