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Dodgers sign 2024 postseason hero to long-term extension

Infielder/outfielder Tommy Edman, who earned National League Championship Series MVP honors for the World Series champion Los Angeles Dodgers, agreed to a five-year, $74 million extension on Saturday with a club option for a sixth season.

Edman, 29, will be under contract with Los Angeles through at least the 2029 season after coming over from the St. Louis Cardinals on July 29 in a three-team trade.

In this year’s NCLS, he hit .407 with 11 RBIs and drilled the series-clinching home run in Game 6 against the New York Mets. In the 2024 playoffs, Edman hit .328 with two homers and 13 RBIs after batting .237 with six homers and 20 RBIs in 37 regular-season games for the Dodgers.

A six-year veteran who has played six positions in the majors, Edman has batted .263 with 59 homers, 112 stolen bases and 242 RBIs for the Cardinals (2019-23) and Dodgers.

He won his lone Gold Glove in 2021, when played second base (130 games), right field (41) and shortstop (4) for St. Louis, which drafted him in the sixth round in 2016.

All things Dodgers: Latest Los Angeles Dodgers news, schedule, roster, stats, injury updates and more.

This post appeared first on USA TODAY

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Alabama A&M linebacker dies one month after in-game head injury

Alabama A&M linebacker Medrick Burnett Jr. has died one month after suffering a severe head injury during a game.

Burnett, a redshirt freshman from Lakewood, California, was involved in a head-to-head collision during the Bulldogs’ 27-19 loss to Alabama State on Oct. 26, one day before his 20th birthday. The injury happened during a kickoff return.

Burnett was hospitalized with multiple brain bleeds and swelling of the brain and had to undergo a craniotomy to alleviate pressure, Burnett’s sister, Dominece James, said in a GoFundMe account set up for Burnett’s care.

Burnett died on Wednesday, the Jefferson County Coroner confirmed to USA TODAY Sports. He was 20.

The Alabama A&M athletic department announced Burnett’s death Wednesday morning, citing an immediate family member, but the university later issued a retraction at 6:13 ET and stated that Burnett ‘remains alive.’ The Jefferson County Coroner listed Burnett’s time of death as 5:43 p.m. Central Time on Wednesday.

‘Medrick was more than an exceptional athlete; he was a remarkable young man whose positive energy, leadership and compassion left an indelible mark on everyone who knew him,’ Alabama A&M athletics director Dr. Paul A. Bryant said in the university’s initial statement on Wednesday. ‘While words cannot adequately express our grief, we are humbled by the strength of his family, who stood by his side throughout this unimaginable ordeal.’

Burnett transferred to Alabama A&M this season from Grambling State University. He recorded five tackles for the Bulldogs this season.

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This post appeared first on USA TODAY

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Blue Jackets player fights twice after big hit

He added two more on Friday afternoon while answering for an injury-causing hit during the second period of a 5-2 win against the Calgary Flames.

Olivier drove Flames defenseman Joel Hanley into the boards, leaving him lying on the ice. Hanley’s teammate, Martin Pospisil, challenged Olivier, who had the upper hand until Calgary’s Brayden Paschal grabbed Olivier and allowed Pospisil to get in a couple punches. Olivier shoved Paschal and then challenged the Flames bench.

He got two minutes for boarding and five for fighting while Pospisil got five minutes and Paschal got two minutes for roughing.

Hanley got up, went to the dressing room and was able to return for the third period. But Olivier had to answer again for the hit before then.

He and the Flames’ Ryan Lomberg fought with 22 seconds left in the second period. Olivier won that fight, too, knocking off the helmet of Lomberg, who got in a good punch but absorbed many more to the head and body.

‘The game just kind of developed that way,’ Olivier said after the game, according to the Columbus Dispatch, part of the USA TODAY Network. ‘I threw a hit that I didn’t think was that bad at the time. Looked at it. Kind of questionable, so it kind of just derived from there. You’ve got to be ready to answer the bell when that happens.’

This post appeared first on USA TODAY

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Vikings owners turn Orlando soccer teams into title contenders

One NFL ownership group’s venture from football into futbol has helped a soccer city in the United States reach new heights.

A week ago, the Orlando Pride won its first National Women’s Soccer League title – marking the first professional league sports title for the city of Orlando.

Orlando City SC is one game away from competing for the Major League Soccer title. On Saturday, it will host the New York Red Bulls in the Eastern Conference finals in the MLS Cup playoffs.

The Wilf family – which has owned the Minnesota Vikings since 2005 – has relied on its nearly 20 years of experience in the NFL to accelerate Orlando’s soccer scene since becoming MLS and NWSL owners in 2021.

“There is a lot of synergy,” Mark Wilf, who co-owns the three teams with his brother Zygi and cousin Lenny, told USA TODAY Sports this week.

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

“The Vikings are part of our executive board at the Orlando Soccer Clubs. There’s a lot of experience in terms of things we haven’t done well, and things we have done well. So, we learn from experience.

“But I think overall, directionally investing in getting the best players in the best environments with the right leadership in place, and the right support is a combination we try to do because winning at the professional sport is extremely difficult. And, so we want to just be in a position where we’re competing year after year and able to keep knocking the door as well as we can.”

Wilf praised Orlando City coach Oscar Pareja, president of business operations Jarrod Dillon, general manager and executive vice president of soccer operations Luiz Muzzi for the club’s run to its first Eastern Conference final.

Orlando City is the highest remaining seed in the East, outlasting the likes of Lionel Messi and Supporters’ Shield winners Inter Miami, last year’s MLS Cup champion the Columbus Crew, and last year’s Supporters’ Shield winners FC Cincinnati.

Orlando City beat Charlotte FC in the first round and eliminated Atlanta United in the second round last week.

With a win Saturday, Orlando City could face the L.A. Galaxy or Seattle Sounders in the MLS Cup final on Dec. 7.

“Oscar is very consistent in how he’s approached it, and he’s not afraid to change things up to do what he has to do. He made some adjustments during the season. We had a tough start, and I think we’ve had a great run since July. We’re excited about this opportunity to win our first league trophy,” Wilf said of Orlando City, which had just five wins in their first 20 MLS games this season.

“The Red Bulls are playing at very high level as well as the two teams in the West. So, this will be a mad dash for the finish line here. And I know Oscar will have them ready this weekend.”

Wilf praised Pride coach Seb Hines and vice president of soccer operations and sporting director Haley Carter for leading that club to the NWSL Shield and the NWSL title this season.

The Pride relied on Barbra Banda’s goal to beat the Washington Spirit 1-0 on Nov. 23 in Kansas City. It was Banda’s fourth goal in three playoff games, earning her Championship MVP. The club also features Brazilian star Marta, the greatest women’s soccer player of all-time.

“I think we put really great people in place that have, again, we put in resources as well to make sure there are the personnel there dedicated to making everything first class and world-class,” Wilf said. “Haley really put together the roster and steps as a work ethic and approach and understated leadership that the players want to rally around. It all combined beautifully.”

The Vikings are also in great shape to reach the NFL playoffs this season. They’re second in the NFC North with a 9-2 record before Sunday’s game against the Arizona Cardinals.

Wilf praised Vikings general manager Kwesi Adofo-Mensah, coach Kevin O’Connell, defensive coordinator Brian Flores and quarterback Sam Darnold for the turnaround from last year’s 7-10 campaign.

“We know we’re in a very, very tough division,” Wilf said. “And we’re pushing hard here in the closing weeks here to continue to push through, and improve even more to compete and hopefully peak the right time going forward here.”

More important, the Vikings were ranked first in 2023, and second in 2024 by the players in annual NFL Player Association report cards. NFL players believe the Vikings have the best owners, coaches and facilities in the league.

The Wilfs’ commitment to elevating the Vikings’ facilities and personnel has trickled down to its soccer teams vying for title contention.

“It’s a great story from where we came in 2021 when we purchased the clubs to today,” Wilf said. “It’s part of where we wanted to be as far as building world-class facilities, first-class organization, improve and maximize the fan experience, of course, to compete and win for championships and be part of the community.

“Obviously, it’d be a real special thing to have the men get where we want to get, just like the women did.”

This post appeared first on USA TODAY

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Heisman watch: Colorado’s star tops contenders ahead of Week 14

The Heisman Trophy race is likely down to four entering the final week of the regular season.

The winner will be announced and awarded the trophy during a ceremony on Saturday, Dec. 14 in New York. Voting opens Dec. 2 and ends on Dec. 9.

With quarterbacks leading throughout the early weeks, there’s been a shift recently with Boise State running back Ashton Jeanty and Colorado’s two-way standout Travis Hunter leading the way.

The other contenders include Oregon quarterback Dillon Gabriel and Miami quarterback Cam Ward.

Here’s a look at the top four players in the Heisman odds and how things look for each of them in Week 14 of the season:

Odds via BetMGM as of Friday, Nov. 29:

1. WR/DB Travis Hunter, Colorado (-1000)

Hunter’s season ended after Colorado beat Oklahoma State, 52-0, on Friday.

Hunter was voted as a finalist for the Biletnikoff Award for his performance as a receiver for Colorado in 2024. He finished the regular season with 82 receptions for 1,036 yards and 11 touchdowns. 

He scored a rushing touchdown on one of his only two carries out of the backfield. As a defensive back, he recorded 30 tackles, nine pass deflections, a forced fumble and three interceptions.

2. RB Ashton Jeanty, Boise State (+750)

Jeanty also finished his regular season with Boise State’s victory 34-18 victory on Friday.

He had 275 carries for 2,062 yards and 27 touchdowns in 12 games played. He also recorded a receiving touchdown earlier this season and fumbled the ball just twice all season. He is a finalist for three other awards including the Doak Walker award (best running back).

When it comes to the Heisman, Jeanty was not initially listed when the opening odds were released.

3. QB Cam Ward, Miami (+1200)

Ward has remained third among the odds leaders since last week. Ward will have one regular season audition on Saturday morning when Miami travels to play the Syracuse Orange. 

Ward completed 268 of his 399 pass attempts through his first 11 games for 3,774 yards, 34 touchdowns and seven interceptions.

4. QB Dillon Gabriel, Oregon (+6600)

Gabriel leads the No. 1 team in the country into its final game of the regular season at home against rival Washington.

Despite what happens Saturday, Oregon has already clinched an opportunity to play for the Big Ten championship. Unless the game is close, there might be a chance for Gabriel to have a short night, denying him an opportunity to chase the individual award with a strong showing.

Gabriel completed 259 of his 351 passes for 3,066 yards, 22 touchdowns and six interceptions in 11 games played this season. He also rushed for six touchdowns.

This post appeared first on USA TODAY

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Sarama Completes A$2m Equity Placement and ASX Cleansing Notice

Sarama Resources Ltd. (‘Sarama’ or the ‘Company’) (ASX:SRR)(TSX-V:SWA) is pleased to report that on 29 November 2024, it closed Tranche 1 of its previously announced A$2m equity placement (the ‘Placement’) (refer to Sarama’s news release dated 21 November 2024

Tranche 1 of the Placement raised aggregate gross proceeds of A$2,000,000 with the Company issuing 66,666,666 Chess Depository Instruments (‘CDIs‘) at an issue price of A$0.03 per CDI. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent a beneficial interest in one common share of the Company. Tranche 2 of the Placement will consist of 16,666,666 free attaching unlisted options (each a ‘Placement Option‘) and 14,000,000 broker options (each a ‘Broker Option‘ and together with the Placement Options, the ‘Options‘), with each Option exercisable at A$0.09 and expiring on 30 November 2028. The issuance of the Options is subject to shareholder approval at a general meeting expected to be held in late January/early February 2025. No funds will be received from Tranche 2.

The Placement was issued to institutional and other sophisticated and professional investors pursuant to the shareholder approval obtained at Sarama’s annual general meeting held on 11 September 2024.

Funds raised from the Placement will be used for exploration activities, general working capital purposes and for general and administration costs. None of the proceeds from the Placement will be used for payments to non-arm’s length parties or persons conducting investor relations activities. A management corporate fee and broker commission of A$120,000 was paid to Ventnor Capital Pty Ltd in connection with the closing of Tranche 1 of the Placement.

Proceeds from the Placement will not be used to fund fees and expenses related to the Company’s damages claim in respect of an investment dispute with Burkina Faso, which is subject to arbitration proceedings. These costs are fully funded via a A$6.7m non-recourse loan facility (refer to Sarama’s news release dated 24 October 2024).

The Placement remains subject to the final approval of the TSX Venture Exchange (‘TSXV‘). The CDIs issued under Tranche 1 of the Placement were not subject to any TSXV hold periods as all subscribers under Tranche 1 of the Placement were located outside of Canada.

Members of Sarama’s Board and Management did not subscribe for any CDIs in the Placement; however, concurrent with the Placement and subject to exchange and shareholder approval, the Company’s executives and non-executive directors intend to receive a portion of their deferred salaries and director fees, in an aggregate amount of approximately A$394,000, in CDIs of the Company (the ‘Compensation Securities‘). In September 2023, the Company’s executives and non-executive directors agreed to suspend the payment of salaries and fees to ensure the Company had sufficient financial resources to work through the period of uncertainty created by the illegal withdrawal of the Company’s rights to the Tankoro 2 exploration permit in Burkina Faso in August 2023. The Company intends to issue the Compensation Securities at the same price as the Placement (however, attaching options will no longer be included).

The Placement Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the ‘U.S. Securities Act‘) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Securities within the United States or to, or for the account or benefit of, U.S. Persons (as defined under Regulation S under the U.S. Securities Act), nor shall there be any sale of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Notice under section 708A(S)(e) of the Corporations Act 2001 (Cth)

The Corporations Act 2001 (Cth) (‘Corporations Act‘) restricts the offer for sale of securities without a disclosure document unless the relevant sale satisfies an exemption set out in section 708 or section 708A of the Corporations Act. ASIC Class Order [CO 14/827] (‘Class Order‘) provides relief so that an offer of CDIs over underlying foreign securities is regulated as an offer of securities under the Corporations Act. The Company seeks to rely on an exemption in section 708A of the Corporations Act (as modified by the Class Order) with respect to any sale of the CDIs.

As required by section 708A(5)(e) of the Corporations Act as modified by the Class Order, the Company gives notice that:

1. The CDIs were issued without disclosure to investors under Part 60.2 of the Corporations Act.
2. The Company, as at the date of this notice, has complied with:

a) the provisions of section 601CK of the Corporations Act as they apply to the Company; and
b) sections 674 and 674A of the Corporations Act.

3. As at the date of this notice, there is no information, for the purposes of section 708A(7) and 708A(8):

a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules;
and
b) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

(i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
(ii) the rights and liabilities attaching to the CDIs.

Where applicable, references in this notice to sections of the Corporations Act are to those sections as modified by the Class Order.

This announcement was authorised by the Board of Sarama.

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

For further information, please contact:

Company Activities
Andrew Dinning
Sarama Resources Ltd
e: info@saramaresources.com
t: +61 8 9363 7600

CAUTION REGARDING FORWARD LOOKING INFORMATION

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, statements regarding the timing for closing tranche 2 of the Placement, the intended use of proceeds from the Placement, the intention to hold a general meeting and receiving the approval of the TSXV. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties, and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; mineral resources are not mineral reserves, they do not have demonstrated economic viability, and there is no certainty that they can be upgraded to mineral reserves through continued exploration; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents.

There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.

Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

SOURCE:Sarama Resources Ltd.

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com

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Mkango’s Q3 Results Highlight Progress at US, UK Rare Earths Plants

Canadian rare earths company Mkango Resources (TSXV:MKA) has released its third quarter financial results, spotlighting the progress of its US-based HyProMag USA rare earth recycling project.

HyProMag USA is focused on rare earth magnet recycling and manufacturing in Texas, representing a key component of Mkango’s efforts to meet the growing demand for sustainable rare earth materials. The project is owned by Maginito, Mkango’s 79.4 percent owned joint venture with partner CoTec Holdings (TSXV:CTH,OTCQB:CTHCF).

A feasibility study for the project, released on November 25, revealed a post-tax net present value of US$262 million and a 23 percent internal rate of return at current rare earth prices, demonstrating the project’s economic viability even under conservative market conditions. At forecast market prices, it reported an NPV of US$503 million and an IRR of 31 percent.

The facility is targeting its first revenue generation in the first quarter of 2027, with a notice to proceed expected in mid-2025 following the completion of detailed engineering.

This phase of the project will be supported by CoTec, which is funding the initial engineering work.

On the financial aspect, the company reported a cash balance of US$2 million following a successful capital raise of GBP 1.25 million in early September and subsequent grant funding.

With its current footing, the company is seeking to advance its rare earth magnet recycling and manufacturing operations in the United Kingdom, Germany and the United States, alongside ongoing rare earth exploration and development activities in Malawi and Poland.

In the UK, the company is commissioning its scaled-up rare earths plant at Tyseley Energy Park in Birmingham, which remains on track for completion in April 2025. The facility will use Mkango’s patented Hydrogen Processing of Magnet Scrap (HPMS) technology, developed in partnership with the University of Birmingham, to recycle and manufacture rare earth magnets.

Magnet presses have already been commissioned, and the powder processing plant has been constructed, with infrastructure development underway.

HyProMag GmbH, Mkango’s German subsidiary, is similarly advancing its operations near Pforzheim.

Equipment for the plant, including sintering furnaces, magnet presses and HPMS vessels, has been ordered, with the facility expected to commence production in 2025.

Mkango is also progressing its mining and separation projects in Malawi and Poland, respectively. The advanced Songwe Hill rare earths project project, in particular, represents a critical component of Mkango’s strategy to vertically integrate mining and recycling operations to meet the growing demand for rare earth elements in clean energy technologies.

In July, the company executed a mining development agreement with the government of Malawi for the project. According to the Q3 report, Mkango has now completed strategic review of the Songwe Hill project and the Pulawy separation project.

For its long-term outlook, Mkango continues to prioritize the development of sustainable rare earth recycling and manufacturing to meet accelerating global demand for neodymium, praseodymium, dysprosium, and terbium.

These elements are vital for the manufacture of electric vehicles, wind turbines and other technologies central to the energy transition.

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

This post appeared first on investingnews.com

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Syntheia Enhances Inbound Customer Calls with AI-Powered Virtual Assistants, Positively Impacts Sales and Customer Satisfaction

Syntheia Corp. (‘Syntheia’ or the ‘Company’) (Syntheia.ai), CSE SYAI, Syntheia, a Canadian leader in conversational AI SaaS, is transforming customer service by delivering an innovative solution that uses natural language processing (NLP) to handle inbound telephone calls with virtual assistants. Since its beta launch in June 2023, Syntheia has processed over 750,000 conversations, bringing new levels of efficiency and engagement to businesses in diverse industries.

Companies like Georgetown Hyundai, Palmieri Furniture, Campio Furniture, and Pay N Go have all embraced Syntheia’s platform, highlighting its positive impact on sales and customer satisfaction.

‘ The success of our customers highlights the potential of AI-driven customer service. Syntheia’s platform was designed for easy setup and adoption. We are pleased to see the measurable impacts on sales and customer loyalty across our clients’ businesses and the value we bring to our customers, ‘ commented Syntheia’s CEO, Tony Di Benedetto.

Customer Testimonials:

‘For over a year at Georgetown Hyundai, Syntheia has managed our inbound calls, providing 24/7 support and ensuring we never miss a call. Syntheia has truly elevated our customer experience, setting new standards in responsiveness and leading to increased sales and customer satisfaction.’ – Connor Attrell, Manager, Georgetown Hyundai.

‘By replacing our outdated telephone platform, Syntheia has enabled Palmieri Furniture to deliver seamless, uninterrupted customer engagement. This has strengthened brand loyalty and boosted sales, and we are happy to continue using Syntheia and would recommend it to any company.’ – Frank Palmieri, Palmieri Furniture.

‘At Campio Furniture, we are thrilled to be using Syntheia, which has enhanced customer engagement and streamlined our sales cycle since deployment. It was a breeze to implement, and we’re excited to be at the forefront of this evolution, generating efficiencies and sales that might have been otherwise missed.’ – Vince Servello, President, Campio Furniture.

‘At Pay N Go, Syntheia provides 24/7 support by interacting with customers in real time. It is helping us understand and meet customer needs more effectively than ever.’ – Lino Lombardo, Pay N Go.

Syntheia has beta-tested with additional customers in multiple vertices, all of whom have been instrumental in refining our platform through real-world use.

We are now, more than ever, excited to bring our solution to market in January 2025, ensuring that businesses can stay responsive and connected to their customers 24/7 like never before.

For more information and to read customer testimonials, visit Syntheia.ai

About Syntheia

Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations. Our SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally

Cautionary Statement

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

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release include, but are not limited to the expected launch of Syntheia’s platform, the proposed expansion of Syntheia’s services to additional industries, and the platform’s capabilities and functionality and expected results. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.

Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20241129788588/en/

For further information, please contact:

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

News Provided by Business Wire via QuoteMedia

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: Orosur Surges 78 Percent on Anzá Acquisition

The S&P/TSX Venture Composite Index (INDEXTSI:JX) increased 1.85 percent on the week to close at 614.26 on Friday (November 29). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 0.75 percent to 25,648.00 and the CSE Composite Index (CSE:CSECOMP) rose 2.49 percent to 141.47.

Statistics Canada released its third-quarter gross domestic product (GDP) data on Friday (November 29). The numbers show a small increase in real GDP of 0.3 percent during the three months ending in September.

On the surface, the increase seems positive, but examining the numbers reveals some cause for concern: per capita GDP actually shrank by 0.4 percent, the sixth consecutive quarterly decline. Additionally, real GDP growth was down from the 0.5 percent increase recorded in the prior two quarters of 2024.

StatsCan also released the more granular September GDP data by industry on Friday. The data for the resource sector indicated a month-over-month contraction of 1.4 percent, the third consecutive decline and the largest one since January.

The oil and gas extraction sector fell by 1.8 percent, attributed to lower output, with oil sands extraction dropping by a significant 2.3 percent. Meanwhile, mining and quarrying increased 0.1 percent, with coal mining gaining 8.7 percent and non-metallic mineral mining edging up 1.5 percent. However, these gains were offset by a 1.6 percent decline in the metal ore mining subsector.

South of the border, the US Bureau of Economic Analysis released figures for October’s personal consumption expenditures index (PCE) on Wednesday (November 27). The data showed that while the PCE remained flat on a monthly basis at 0.2 percent, it nudged up on a yearly basis to 2.3 percent compared to the 2.1 percent registered in September. Additionally, the more volatile core PCE less food and energy also nudged up 2.8 percent from the 2.7 percent increase the month before, indicating some stickiness in inflation.

The PCE is a favored indicator by the US Federal Reserve and its decision-making committee. With yearly PCE up, most analysts predict a 25 basis point cut from the central bank at its next meeting in December, but some are speculating that the Fed may pause its cuts in the new year due to the incoming administration.

On Monday, Donald Trump said he was considering imposing 25 percent tariffs on all goods entering the US from Canada and Mexico and 35 percent on goods from China. If implemented, this move could raise prices on a broad category of goods, triggering new inflationary pressure.

The price of gold lost 2.4 percent this week to US$2,650.33 per ounce on Friday at 4:00 p.m. EST, while silver sank 2.34 percent to US$30.60. Copper was unchanged, ending the week at US$4.14 per pound on the COMEX. More broadly, the S&P GSCI (INDEXSP:SPGSCI) was down 1.4 percent to close the week at 536.20.

While metals hit a road bump, equity markets posted gains this week. The S&P 500 (INDEXSP:INX) moved up 1.48 percent to end Friday at 6,032.39, the Nasdaq-100 (INDEXNASDAQ:NDX) gained 0.93 percent to 20,930.37 and the Dow Jones Industrial Average (INDEXDJX:.DJI) finished the week up 2.37 percent to 44,910.66.

Find out how the five best-performing Canadian mining stocks performed against that backdrop.

Data for this article was retrieved at 3:30 p.m. EST on November 29, 2024, using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Orosur Mining (TSXV:OMI)

Company Profile

Weekly gain: 77.78 percent
Market cap: C$16.49 million
Share price: C$0.08

Orosur Mining is an exploration company focused on the development of early to advanced-stage assets in South America.

Its flagship Anzá gold project in Colombia was a 49/51 joint venture with Minera Monte Aguila (MMA), a corporation owned equally by Newmont (TSX:NGT,NYSE:NEM) and Agnico Eagle Mines (TSX:AEM,NYSE:AEM).

Exploration has revealed multiple gold deposits at the site, which is located 50 kilometers west of Medellin and sits along Colombia’s primary gold belt.

Orosur also owns several early-stage projects, the El Pantano gold-silver project in Argentina, the Lithium West project in Nigeria and the Ariquemes project in Brazil, which is prospective for tin, niobium and rare earths.

Shares in Orosur jumped significantly this week following its announcement on Thursday (November 28) that it had completed its takeover of MMA. The acquisition gives Orosur 100 percent indirect ownership of the Anzá gold project.

Under the terms of the agreement previously announced on September 9, Newmont and Agnico will each receive a 0.75 percent net smelter royalty plus a fixed royalty of US$37.5 per ounce of gold or gold equivalent of the first 200,000 ounces produced.

Additionally, the company said it completed the first three drill holes of its drill program, announced on November 21 at the site’s Pepas prospect, and samples were being sent to Medellin for testing.

2. Mkango Resources (TSXV:MKA)

Company Profile

Weekly gain: 66.67 percent
Market cap: C$51.63 million
Share price: C$0.15

Mkango Resources is a rare earths exploration and development company focused on the advancement of rare earths mining and recycling projects.

Mkango shares surged this week following a news release on Monday (November 25) stating that a feasibility study focused on its HyProMag USA project demonstrated HyProMag’s ability to establish domestic recycling or rare earth magnets for the US market.

In the announcement, Mkango reported that the plant, which would be located in Dallas Fort Worth, Texas, would have an after-tax net present value of US$262 million and an internal rate of return of 23 percent based on current market prices.

The company is projecting a 750 metric ton per year output of recycled sintered neodymium magnets and a 291 metric ton per year output of associated products over a 40-year operating life.

HyProMag is owned by Maginito, in which Mkango holds a 79.4 percent stake. The remaining 20.6 percent interest is held by CoTec Holdings (TSXV:CTH,OTCQB:CTHCF).

Additionally, the company released its Q3 results on Friday. In the release the company indicated it has a strong cash position with US$2 million at the end of September. It also said it had completed a strategic review for its Songwe Hill rare earth project in Malawi and was advancing toward commercial production at its recycling and manufacturing projects in the UK, Germany and USA.

3. CopperCorp Resources (TSXV:CPER)

Company Profile

Weekly gain: 51.5percent
Market cap: C$14.19 million
Share price: C$0.245

CopperCorp Resources is an exploration and development company working to advance projects in Western Tasmania.

Its primary work over the past several months has been exploration of the 171 square kilometer Razorback prospect. Razorback hosted a historic mining operation and is home to mineralized deposits of copper, gold and rare earth elements.

The company has identified three high-priority target zones: Jukes, Hyde and Darwin.

The share price of CopperCorp climbed this week following an announcement on Monday (November 18) in which the company reported that it encountered broad zones of visible copper from the Jukes zone.

The company is currently awaiting assay results but said it was encouraged by the results, which include 24.4 meters of visual copper sulphide from 400 meters downhole and 88.7 meters of visual copper sulphide from 463.3 meters downhole. This comes after CopperCorp reported 0.35 percent copper and 0.19 g/t gold over 132 meters from an adjacent hole on October 15.

4. Jervois Global (TSXV:JRV)

Company Profile

Weekly gain: 50 percent
Market cap: C$27.09 million
Share price: C$0.0.015

Jervois Global is working to advance a global portfolio of nickel and cobalt projects. It owns the Idaho Cobalt Operations in the US, at which it suspended mine construction in 2023 due to low cobalt prices.

According to Jervois, the Idaho Cobalt Operations host the largest US cobalt resource. A 2020 feasibility study shows that they have a measured and indicated resource of 50.1 million pounds of cobalt from 5.24 million MT grading 0.44 percent, with inferred values of 12 million pounds of cobalt from 1.57 million MT grading 0.35 percent.

The company announced in June 2023 that it had entered into a US$15 million agreement through the US Department of Defense’s Defense Production Act for exploration activities at its property.

In an announcement from the project on July 31, Jervois reported that extensional drilling at the Idaho Cobalt Operations had shown positive resource growth potential, with cobalt, gold and copper mineralization at depth. In the announcement, the company provides a highlighted result of 1.1 percent cobalt, 1.18 percent gold and 0.69 g/t gold over 1.8 meters.

Most recently, Jervois announced on Tuesday that it had secured an additional US$24.5 million in working capital through an increase to a US$7.5 million delayed draw term loan it received earlier in the year.

The increase raises the limit to a US$32 million of which the company has access to US$8 million to be used before December 14, with an additional US$16.4 million available after that, subject to certain milestones regarding the potential recapitalization of Jervois’ balance sheet.

5. Baru Gold (TSXV:BARU)

Company Profile

Weekly gain: 44.44 percent
Market cap: C$19.87 million
Share price: C$0.065

Baru Gold is a development company working to advance its Sangihe gold project in Indonesia.

The company holds a 70 percent stake in the 42,000 hectare project, with the remaining 30 percent interest being held by three Indonesian-based companies.

A mineral resource estimate contained in a 2017 technical report demonstrates an indicated resource of 114,700 ounces of gold and 1.97 million ounces of silver from 3.16 million metric tons of ore with grades of 1.13 grams per metric ton (g/t) gold and 19.4 g/t silver. The project also hosts an inferred resource of 105,000 ounces of gold and 1.06 million ounces of silver.

Shares in Baru gained in recent weeks following a series of announcements.

The first came on November 19 when the company announced it had signed a letter of intent with Indonesian company PT Arsari Tambang, which will become a strategic equity partner and investor with a 10 percent stake in Baru Gold subsidiary PT Tambang Mas Sangihe.

The initial 10 percent stake is being purchased from one of Baru’s private partners, meaning it will not affect Baru’s interest in its Sangihe project. However, PT Arsari will also be granted a five-year option for an additional 15 percent stake in the company; if exercised, Baru’s interest will lower from 70 to 59.5 percent.

Its next announcement came on November 21 when Baru Gold announced it had retained the services of a specialist advisory firm to lead fundraising operations. The move comes after Baru received several unsolicited inquiries from investors looking to invest in the Indonesian gold sector, including from companies looking for diversification opportunities.

Baru’s most recent release came on Tuesday (November 26) when it announced a non-brokered private placement for C$300,000 for 7.5 million shares at C$0.04 per unit. The financing is expected to close on or before December 13, with proceeds being used for year-end audit fees and land taxes.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

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Tech 5: Microsoft, Google Face New Antitrust Action, Ether Rallies

Ether outperformed this week as Bitcoin’s ascent paused around US$98,000.

Meanwhile, Microsoft (NASDAQ:MSFT) became the latest of the Big Tech firms to come under scrutiny by the US Federal Trade Commission, and the Biden administration finalized its milestone deal with Intel (NASDAQ:INTC).

1. Bitcoin pulls back as Ether outperforms

Bitcoin pulled back at the start of the week following a rally toward US$100,000 last Friday (November 22). After setting a new all-time high of US$99,645, the cryptocurrency struggled to stay above US$98,000 over the weekend, eventually falling as low as US$92,058 on Monday evening. Bitcoin declined even further to US$90,911 as the markets wrapped on Tuesday, marking its lowest valuation of the week.

On Wednesday, following Fox News reports that the Trump administration would move to hand more power to crypto regulation to the Commodity Futures Trading Commission, Bitcoin rallied to an intraday high of US$97,360. Investor confidence also rose due to weekly inflation numbers that suggested a resilient economy and a strengthening job market, both of which typically bolster risk appetite. As markets wrapped, Bitcoin was ahead by over 6.5 percent in 24 hours.

It traded sideways on Thursday as US markets celebrated Thanksgiving, and started Friday strong with a brief surge to US$98,680 in early trading before pulling back and wrapping the day around US$97,500. As of 6:00 p.m. EST Friday, Bitcoin was down 1.9 percent for the week, trading at US$97,485.

Meanwhile, Ether showed signs of a resurgence, climbing to over US$3,500 for the first time since June on Monday. While it quickly pulled back to a weekly low of around US$3,280 on Tuesday afternoon, Ether climbed steadily Wednesday to hit a weekly high of US$3,666 as Asia’s markets opened.

Block Scholes and Bybit Analytics released a report on Thursday observing a US$8.9 billion surge in Ether open interest, estimating its price could top US$4,000 before Donald Trump takes office on January 20.

Ether traded in the range of US$3,550 and US$3,650 for the remainder of the week. As of 6:00 p.m. EST Friday, it was up 8.9 percent for the week, trading for around US$3,590.

Ether price chart. November 23, 2024, to November 29, 2024.

Chart courtesy of CoinGecko.

2. Dell, CrowdStrike fall following Q3 reports

Dell (NYSE:DELL) and Crowdstrike (NASDAQ:CRWD) are down 10.94 percent and 3.81 percent, respectively, for the week after both companies delivered quarterly reports that left shareholders dissatisfied.

Shares of Dell fell by over 12 percent on Wednesday morning after the company’s Q3 2025 results, released after the closing bell on Tuesday afternoon, revealed declining revenue for its PC business. Dell’s Client Solutions Group revenue declined by 1 percent year-over-year in Q3 to US$12.1 billion, despite the increase in demand for PCs equipped with AI anticipated by analysts.

“The PC refresh cycle is pushing into next year,” the company’s CFO Yvonne McGill said on a call with analysts after the results were released.

Meanwhile, Infrastructure Solutions Group revenue rose at an annual rate of 34 percent to US$11.4 billion. Total revenue grew 10 percent to US$24.4 billion, missing the average analyst estimate of US$24.6 billion. Adjusted earnings were US$2.15 per share, above with the average estimate of US$2.06.

Additionally, Dell’s Q4 2025 revenue outlook of US$24.5 billion fell short of analyst expectations of US$25.57 billion, leaving shareholders unimpressed despite some positive data points.

Shares of Crowdstrike opened 1.6 percent lower and fell by over 3 percent in early trading on Wednesday after a lackluster earnings report for Q3 2025.

CrowdStrike’s CFO, Burt Podber, emphasized the company’s strong quarterly performance. During an earnings call, he highlighted a growing sales pipeline and expressed optimism about finishing the year with momentum “despite expected headwinds from the July 19 incident,” referring to the global outage that temporarily crippled the cybersecurity defenses of countless organizations worldwide.

The event could explain the company’s adjusted earnings per share forecast to a range of US$0.84 to US$0.86 for Q4, slightly below the analyst expectation of US$0.87. The company’s total operating expense increased nearly 40 percent compared to the same period last year.

On a more upbeat note, CrowdStrike’s Q3 sales surpassed predictions, reaching US$1.01 billion, and its adjusted profit per share of US$0.93 exceeded estimates of US$0.81 per share.

Additionally, CrowdStrike increased its full fiscal year revenue forecast to between US$3.92 billion and US$3.93 billion, higher than the anticipated US$3.9 billion.

Dell and CrowdStrike’s share prices fell following their Q3 earnings reports.

Chart courtesy of Google Finance.

3. Microsoft latest to be investigated by FTC, Google faces lawsuit in Canada

The US Federal Trade Commission launched an antitrust investigation into Microsoft on Wednesday. According to sources for Bloomberg, who first reported the news, the FTC has been interviewing business partners and competitors for over a year, and has requested the company turn over information regarding all aspects of Microsoft’s business in a document that’s “hundreds of pages long.”

Sources familiar with the matter say that the ongoing investigation is heavily focused on Microsoft’s practice of bundling its popular office productivity and security software with its cloud products.

Microsoft opened 0.71 percent lower on Friday morning following the news but recovered by the end of the shortened trading day. Its stock is up 2.93 percent for the week.

FTC regulators will reportedly meet with Microsoft executives next week. Neither organization has issued a formal comment on the situation.

This is the fifth investigation launched by FTC Chair Lina Khan in recent years, and likely one of the last before she steps down in January. President-elect Donald Trump has not yet named Khan’s successor.

Meanwhile, Canada’s Competition Bureau announced it was suing Google (NASDAQ:GOOGL) for anti-competitive practices in the online advertising market, adding to the company’s mounting list of legal problems.

“The Competition Bureau conducted an extensive investigation that found that Google has abused its dominant position in online advertising in Canada by engaging in conduct that locks market participants into using its own ad tech tools, excluding competitors, and distorting the competitive process,” Matthew Boswell, Commissioner of Competition, said in the press release. “Google’s conduct has prevented rivals from being able to compete on the merits of what they have to offer, to the detriment of Canadian advertisers, publishers and consumers.”

4. Biden Administration finalizes US$7.9 billion CHIPS funding for Intel

The US Biden Administration has finalized its deal with Intel for nearly US$7.9 billion in federal grants for chip manufacturing in Arizona, Ohio, Oregon and New Mexico. This amount, slightly less than the initially proposed award of US$8.5 billion, will be used to boost chip manufacturing in these locations.

“The award will directly support Intel’s expected US investment of nearly US$90 billion by the end of the decade, which is part of the company’s overall US$100+ billion expansion plan,” President Joe Biden said in a statement.

The company will receive at least US$1 billion this year based on milestones it has already reached and can begin receiving additional funds as it hits negotiated benchmarks on projects.

Bloomberg reported that government officials said the reduction in the grant wasn’t a reflection of the challenges the company’s chip business has faced this year, but instead is due to a US$3 billion grant the company is eligible for to make chips for the military. Due to a change in the financing for the military grant, some of the funds were instead taken from the CHIPS Act grant.

Although the initial deal included provisions for US$11 billion in loans, Intel opted not to utilize this option. Bloomberg columnist Mackenzie Hawkins noted that makes it the third major company to turn down government loans provided by Biden’s US$75 billion in loans available through the CHIPS Act.

Shares of Intel fell by nearly 4.5 percent on Tuesday before the markets closed.

5. California proposes renewed EV rebates excluding Tesla

California Governor Gavin Newsom shared plans to create a new version of the state’s Clean Vehicle Rebate Project (CVRP) and offer state rebates for electric vehicles (EVs) if President-elect Donald Trump follows through on campaign promises and eliminates the Biden-era federal EV tax credit.

The CVRP was a state program funded through California’s Greenhouse Gas Reduction Fund that offered rebates to residents who purchased or leased eligible new zero-emission vehicles. It ran from 2010 until it was closed on November 8, 2023, after funding was exhausted.

Governor Newsom’s office told Bloomberg on Monday that the current plan included market share proposals that could exclude models made by Tesla, but reiterated that the details of the proposal would first need to pass through the regular legislative channels.

“It’s about creating the market conditions for more of these car makers to take root,” the governor’s office told Bloomberg.

Tesla (NASDAQ:TSLA) CEO and Trump’s pick as head of the newly-announced Department of Government Efficiency, or DOGE, Elon Musk was quick to fire back, posting his thoughts on X: “Even though Tesla is the only company that manufactures their EVs in California! This is insane.”

Despite the bump in the road — Tesla closed down over 6 percent on Monday — the company ended the week slightly ahead by 1.26 percent.

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

This post appeared first on investingnews.com

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