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Palantir has hit another major milestone in its meteoric stock rise. It’s now one of the 20 most valuable U.S. companies.

The provider of software and data analytics technology to defense agencies saw its stock rise about 3% on Friday to another record, lifting the company’s market cap to $375 billion, which puts it ahead of Home Depot and Procter & Gamble. The company’s market value was already higher than Bank of America and Coca-Cola.

Palantir has more than doubled in value this year as investors ramp up bets on the company’s artificial intelligence business and closer ties to the U.S. government. Since its founding in 2003 by Peter Thiel, CEO Alex Karp and others, the company has steadily accrued a growing list of customers.

Revenue in Palantir’s U.S. government business increased 45% to $373 million in its most recent quarter, while total sales rose 39% to $884 million. The company next reports results on Aug. 4.

Earlier this year, Palantir soared ahead of Salesforce, IBM and Cisco into the top 10 U.S. tech companies by market cap.

Buying the stock at these levels requires investors to pay hefty multiples. Palantir currently trades for 273 times forward earnings, according to FactSet. The only other company in the top 20 with a triple-digit ratio is Tesla at 175.

With $3.1 billion in total revenue over the past year, Palantir is a fraction the size of the next smallest company by sales among the top 20 by market cap. Mastercard, which is valued at $518 billion, is closest with sales over the past four quarters of roughly $29 billion.

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Here are some charts that reflect our areas of focus this week at


XLU Leads with New High

Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to July and broke to new highs the last two weeks. ETFs hitting new highs are in strong uptrends and should be on our radar.


Metal Mania in 2025

In a tribute to Ozzy, metals are leading the way higher in 2025. The PerfChart below shows year-to-date performance for the continuous futures for 12 commodities. Copper, Platinum and Palladium are up more than 45% year-to-date, while Gold is up 28.38% and Silver is up 35.30%. QQQ is up 10.52% year-to-date, but lagging these metals. The other commodities are mixed.


Multi-Year Highs for Silver and Copper

The next chart shows 11 year bar charts for five metals. Gold broke out in early 2024 and led the metals move with an advance the last 21 months. Silver and copper broke out to multi-year highs. Platinum broke above its 2021 high and Palladium got in the action with an 18 month high. There is a clear message here: metals are moving higher and leading as a group.  


Home Construction Hits Moment of Truth

The Home Construction ETF (ITB) hit its moment of truth as it rose to its falling 40-week SMA. Notice that ITB failed just below this moving average in August 2023. During the 2023-2024 uptrend, the 40-week SMA was more friendly as ITB reversed near this level in October 2023 and June 2024. ITB surged to the falling 40-week SMA in July, but the long-term trend is down and this area could be its nemesis.

Thanks for Tuning in!

See TrendInvestorPro.com for more


 Golden State Valkyries forward Kayla Thornton’s renaissance season has been cut short.

The Valkyries announced that Thornton successfully underwent surgery on Friday, July 25 after suffering a right knee injury in practice, effectively ending Thornton’s career-best campaign and dealing a devastating blow to the Valkyries’ hopes of becoming the first expansion team to make the playoffs in its inaugural season in nearly three decades.

The news comes nearly a week after Thornton participated in the 2025 WNBA All-Star Game in Indianapolis, where she recorded 15 points, 11 rebounds, five assists and one steal off the bench for Team Caitlin Clark. It marked the 10-year veteran’s first All-Star nod of her career, and she’s the first player to be named an All-Star as a member of a first-year team since Candice Dupree for the Chicago Sky in 2006.

The UTEP alumna played for the Washington Mystics (2015) and Dallas Wings (2017-22) before winning a Commissioner’s Cup and WNBA championship with the New York Liberty in 2023 and 2024, respectively. Thornton was a role player on the Liberty in 2024, averaging 5.5 points and 2.6 rebounds in 20.2 minutes of play per game on the championship roster. But that all changed when Thornton was drafted in the expansion draft by Golden State in December.

Thornton quickly became the No. 1 option on the Valkyries, playing a team-high 30.1 minutes per game. Although expectations are typically low for expansion teams early on the Atlanta Dream went 4-30 in their inaugural season in 2008, while the Chicago Sky went 5-29 in 2006 the Valkyries jumped to an unprecedented 10-9 start and are the third expansion team in WNBA history to pick up its 10th victory in 20 games or less.

Thornton led the Valkyries in scoring through 22 games (all starts) and averaged a career-high 14 points per game, besting her previous high of 10.4 points per game in 2019 by nearly four points. She also set career-highs in rebounds (7) and steals (1.3), leading the team in both categories.

‘It goes beyond basketball. She’s a tremendous person. She’s someone that you wanna be around all the time,’ teammate Kate Martin said after Thornton dropped a career-high 29 points in a win over the Chicago Sky on June 27. ‘She’s a great leader in the locker room and a great friend, so it’s really fun whenever she’s all of that, but also a phenomenal basketball player.

‘You can learn a lot from KT And how she plays and I’m just really glad she’s getting all the success she’s getting. She deserves it and I’m thankful that I’m her teammate.’

How Thornton’s injury affects Valkyries playoff chances

The Valkyries have fallen on hard times and dropped five of their last six games heading into the All-Star weekend. Thornton’s season-ending injury marks a significant loss, and it’s only going to get tougher.

Golden State opens the second half of the season with a matchup against the Dallas Wings at home on Friday, July 25, before going on a five-game road trip to face Connecticut (July 27), Atlanta (July 29), Washington (July 31), Chicago (Aug. 1) and Las Vegas (Aug. 3).

The Valkyries (10-12) are currently ninth in the standings and would miss the playoffs if the postseason started today. Golden State is looking to become the first expansion team to make the playoffs in its inaugural season since the Detroit Shock in 1998.

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Saniyah Hall, the top female high school basketball recruit in the class of 2026, according to ESPN’s rankings, has committed to play for USC after receiving offers from nearly 30 schools, including UConn, UCLA, South Carolina, North Carolina and LSU. The 16-year-old made the announcement on ESPN’s ‘NBA Today’ on Friday, saying, USC ‘felt like home.’

‘It’s such a blessing to be in this position, but I think I truly found my home, and I’m ready to tell the world where I’m going,’ she said before revealing a Trojans shirt underneath her jacket. ‘I am headed to the University of Southern California. Go Trojans! Fight on.’

Hall’s announcement comes on the heels of her gold medal win with Team USA at the FIBA Under-19 World Cup. She was named MVP after averaging 19.9 points and 6.4 rebounds, shooting 52.6% from the field and 39.3% on 3-pointers. She scored 25 points vs. Australia in the gold-medal game. Her 19.9 points per game may have set a USA U19 record, but Hall said she’s proudest of her defense: ‘I had a lot of steals that game and a lot of blocks.’

She’ll join a Trojans squad that is assembling elite talent under coach Lindsay Gottlieb. McDonald’s All-American Jazzy Davidson, the third overall recruit in the 2025 class, who competed alongside Hall on the USA U19 team, also committed to play for USC. The Trojans were 31-4 last season and lost to UConn in an Elite Eight game after superstar Juju Watkins went down with an ACL injury during the second round of the 2025 NCAA Tournament.

Hall said Gottlieb and her teammates led to her choice to commit to USC. On Friday, she said, ‘I love all my teammates. The girls there are so fun to be around definitely Lindsay (Gottlieb)… she’s definitely there to support me and I’ve built a relationship with her. She’s a great coach.’

The Ohio native will finish her senior season of high school basketball at SPIRE Academy in Geneva, Ohio. Last season, she played for Montverde (Florida) Academy and averaged 20.3 points, 6.7 rebounds, 3.6 assists, 2.8 steals and 1.4 blocks.

Hall signed an NIL deal with Jordan brand earlier this month. During her announcement, Hall said, ‘I don’t have anything to prove. I just go out, play basketball. I let my game do the talking. Actions speak for themselves.’

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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SmackDown was a night of remembrance for WWE.

The July 25 edition of WWE’s weekly show was the first one to take place since the death of Hulk Hogan, arguably the biggest star in company history. WWE typically holds tributes during shows after former stars have died, but given Hogan’s status and impact on the industry, it was a night full of remembrance for the creator of ‘Hulkamania’ with major names paying respect to the WWE Hall of Famer.

Even though the night was mostly dedicated to Hogan, it was still a WWE show with matches and more buildup to SummerSlam on Aug. 2-3. USA TODAY Sports provided the highlights and more from SmackDown:

Watch: Hulk Hogan tribute video

A tribute video narrated by Paul ‘Triple H’ Levesque encapsulates Hogan’s career, from the beginning to his top moments in the ring — from WrestleMania main event matches to the New World Order to ‘Hollywood’ Hulk Hogan. It also touches on his career outside of the ring, from movies to becoming a worldwide celebrity.

Ten-bell salute for Hulk Hogan

WWE does an honorary ten-bell salute as people in the crowd hold up signs for Hogan. Jimmy Hart was seen wiping tears away.

WWE roster pays tribute to Hulk Hogan

The SmackDown roster joins WWE chief content officer Paul ‘Triple H’ Levesque on stage for a tribute. Other WWE icons like Jimmy Hart and Sgt. Slaughter are in the crowd. Levesque also speaks.

‘He captivated millions of people and inspired them around the globe,’ Levesque said. ‘We would not be standing here right now − all of us together − if it was not for him.’

Remembering Hulk Hogan vs. The Iron Sheik

WWE shows footage from Madison Square Garden in 1984, when Hogan defeated The Iron Sheik to win his first WWE title.

Hogan was a six-time WWE Champion, and one of those reigns lasted 1,474 days, the third longest run in company history.

Cody Rhodes thanks Hulk Hogan

Before he talks about his SummerSlam matchup, ‘The American Nightmare’ thanks Hogan for his contributions to wrestling.

‘I know emotions and feelings regarding it are complicated,’ Rhodes said. ‘But what is not complicated is his accomplishments and his contributions to WWE, to sports entertainment, to pro wrestling, to entertainment as a whole, they are staggering and they are indisputable.

‘As someone who gets to stand here and say that I’m a WWE superstar, he was the original, and I just want to take a moment to say thank you Hulk Hogan.’

Remembering Hulk Hogan vs. Andre the Giant

Arguably Hogan’s most memorable match, Hogan faced Andre the Giant at WrestleMania 3. In the battle of giants, Hogan famously picked up his opponent and executed his signature running leg drop to defeat him.

It was just one of the eight times Hogan was in the main event of WrestleMania.

Other SmackDown results

Randy Orton and Jelly Roll face off with Logan Paul and Drew McIntyre

Cleveland-native Paul entices the crowd to make fun of Jelly Roll, who then emerges and trades words with Paul. McIntyre comes out for backup and Orton appears before a fight breaks out.

After taking some shots, Jelly Roll impresses with some jabs and a slam to Paul.

Alexa Bliss vs. Roxanne Perez

Perez def. Bliss.

Jade Cargill vs. Chelsea Green

Cargill def. Green.

The Secret Hervice attacks Cargill after the match but Tiffany Stratton comes to Cargill’s aid.

The Miz returns

After more than two months away, Ohio-native The Miz returns to an ovation from the crowd. He challenges Jacob Fatu to a match.

The Miz vs. Jacob Fatu

Fatu def. The Miz.

MFT comes in and immediately beats down Fatu. Jimmy Uso comes to help but Talla Tonga is too much and the attack continues. Fatu catches his breath and tries to hit Solo Sikoa with a chair, but Tonga again thwarts the attempt.

WWE Tag Team Championship match: The Wyatt Sicks (c) vs. Andrade and Rey Fenix

Andrade and Rey Fenix def. The Wyatt Sicks by disqualification. Joe Gacy and Dexter Lumis retain titles.

Fraxiom, Motor City Machine Guns and the Street Profits come out and an all-out brawl breaks out. #DIY emerge with general manager Nick Aldis, and he announces all six teams will face off in a tables, ladders and chairs match. The fight continues.

When is WWE Friday Night SmackDown?

WWE SmackDown takes place on Friday, July 25 at 8 p.m. ET.

How to watch WWE Friday Night SmackDown

SmackDown airs on USA Network. It can be streamed via Fubo.

How long is WWE SmackDown?

SmackDown is a two-hour event.

WWE to pay tribute to Hulk Hogan

WWE said it will remember the legacy of Hogan on SmackDown. It has not been announced what tributes will be made.

When did Hulk Hogan die?

Hogan died on July 24 at the age of 71.

Hulk Hogan cause of death

Hogan died after suffering cardiac arrest. The Clearwater (Florida) Police Department said fire and police personnel responded to a medical call on July 24 at 9:51 a.m. ET in Clearwater Beach on the Gulf Coast of Florida, near Tampa.

Authorities said ‘the nature of the call was for a cardiac arrest’ and Hogan was taken to a nearby hospital, where he was pronounced dead at 11:17 a.m. ET.

WWE SmackDown match card, schedule

  • WWE pays tribute to Hulk Hogan
  • Cody Rhodes addresses street fight against John Cena at SummerSlam
  • Randy Orton and Jelly Roll face off with Logan Paul and Drew McIntyre
  • WWE Tag Team Championship match: The Wyatt Sicks (c) vs. Andrade and Rey Fenix
  • Alexa Bliss vs. Roxanne Perez

WWE stars, icons remember Hulk Hogan

Several major WWE stars past and present have given tributes to Hogan since his death, including company founder Vince McMahon, Paul ‘Triple H’ Levesque, Dwayne ‘The Rock’ Johnson and Ric Flair.

Jimmy Hart, Jerry Lawler react to Hulk Hogan death

Two people who were close to Hogan — Jimmy Hart and Jerry Lawler — spoke to USA TODAY Sports after Hogan’s death, and were emotional trying to process the news.

‘It’s just a sad situation,’ Lawler said.

– Read more here.

This post appeared first on USA TODAY

  • Around 100 NFL players and 24 club employees face fines for selling Super Bowl 59 tickets above face value.
  • The NFL’s ongoing investigation found players and employees sold tickets to ‘bundlers,’ who resold them at higher prices.
  • Penalties include fines and restrictions on future Super Bowl ticket purchases.

The NFL is fining roughly 100 players and two dozen club employees for violating the NFL’s policy for selling Super Bowl 59 tickets above face value, a person familiar with the situation told USA TODAY Sports. The person spoke on condition of anonymity because of the sensitivity of the matter.

The Associated Press was first to report the news.

A memo sent to teams by NFL chief compliance officer Sabrina Perel and obtained by USA TODAY said the investigation is ongoing.

‘Our initial investigation has determined that a number of NFL players and coaches, employed by several NFL clubs, sold Super Bowl tickets for more than the ticket’s face value in violation of the policy. This longstanding league policy, which is specifically incorporated into the collective bargaining agreement, prohibits league or club employees, including players, from selling NFL game tickets acquired from their employer for more than the ticket’s face value or for an amount greater than the employee originally paid for the ticket, whichever is less,’ the memo read.

‘We are in the process of completing our investigation into this matter, but the investigation has revealed that club employees and players sold their tickets to a small number of ‘bundlers’ who were working with a ticket reseller to sell the Super Bowl tickets above face value.’

The Associated Press reported that players who resold their tickets to bundlers will have to pay a fine of 1 1/2 times the face value they paid. They also won’t be permitted to buy tickets for the next two Super Bowls unless they are playing in the game. Team employees who violated the league’s policy will be fined two times face value.

Those who worked to bundle the tickets will also face increased penalties.

The Philadelphia Eagles defeated the Kansas City Chiefs 40-22 in Super Bowl 59.

‘In advance of Super Bowl 60, we will be enhancing the mandatory compliance training regarding the policy for all league personnel, which will emphasize the specific requirements of the policy and the broader principle that no one should profit personally from their NFL affiliation at the expense of our fans,’ the memo stated. ‘We will also increase the penalties for future violations of this policy.’

Follow USA TODAY Sports’ Tyler Dragon on X @TheTylerDragon.

This post appeared first on USA TODAY

Inter Miami will add another one of Lionel Messi’s close friends and a third World Cup champion to its roster.

Midfielder Rodrigo De Paul, 31, has agreed to join Messi and Inter Miami on a loan transfer from La Liga’s Atlético de Madrid, both sides announced on Friday, July 25. De Paul’s loan will last through the 2025 MLS season, and the deal includes an option to make the transfer permanent through the 2029 MLS season. 

De Paul will be introduced before Inter Miami’s match against FC Cincinnati at Chase Stadium in Fort Lauderdale, Florida.

“What brings me to Inter Miami is the desire to compete, win titles, to write the pages in the club’s history,” De Paul said in a statement. “It’s a club that is shaping up to be great, to have a long history, so that many people follow this incredible team.”

De Paul is considered one of Messi’s closest friends from the Argentine national team. Together, they won the 2022 World Cup in Qatar, and Copa America titles in 2021 and 2024. They could also play together again with Argentina in the 2026 World Cup, co-hosted by the United States, Canada and Mexico. Messi has yet to declare he will play in the next World Cup.

Inter Miami’s signing of De Paul also bodes well for the club’s aspirations to re-sign Messi, 38, who is signed through the rest of the 2025 MLS season. With the club in ongoing contract negotiations he could re-sign at least through 2026. 

“Rodrigo is a player I’ve admired for many years. As a leader he has brought so much to the teams he has played for … I’m excited to welcome another World Cup winning player not just to Inter Miami, but also to MLS,” Inter Miami co-owner David Beckham said in a statement. 

Inter Miami co-owner Jorge Mas added: “We’re thrilled to sign a player of Rodrigo’s caliber. He is a winner who has conquered the world stage. His ambitions match ours at Inter Miami, and we are hungry to achieve these goals together.” 

De Paul had one year remaining on a five-year deal signed in 2021 with Atlético. Now, he’ll join Messi’s slew of former FC Barcelona teammates with the MLS club. 

Messi joined Inter Miami with left back Jordi Alba and midfielder Sergio Busquets, the Spain World Cup champion, in July 2023. Luis Suarez joined them in 2024. And Javier Mascherano is in his first season coaching the squad. 

It’s unclear when De Paul could debut. After Inter Miami hosts FC Cincinnati, they will begin the 2025 Leagues Cup tournament between MLS and Liga MX teams from Mexico. Inter Miami will host Atlas FC on July 30, Club Necaxa on Aug. 2 and Pumas UNAM on Aug. 6 in the first phase of the Leagues Cup tournament, which they won in 2023. 

This post appeared first on USA TODAY

Investor Insight

NextSource Materials is an emerging leader in the global battery materials sector, backed by a world-class graphite resource and proven technology to produce high-performance anode material. With a focus on full vertical integration, the company is strategically positioned to supply critical materials essential to the global clean energy transition.

Overview

NextSource Materials (TSX:NEXT, OTCQB:NSRCF) is a Canadian-based battery materials development company focused on becoming a vertically integrated global supplier of critical minerals essential to the global clean energy transition. The company’s strategy spans the full value chain – from mining and upgrading high-quality flake graphite to producing advanced battery anode materials – positioning it as a key supplier to the rapidly growing electric vehicle (EV) and renewable energy storage markets.

NextSource’s core asset is the Molo graphite mine in Madagascar, one of the largest and highest-grade flake graphite deposits in the world. Commencing production in October 2024, the Molo mine has a resource base of more than 153 million tonnes and the exclusive source of NextSource’s trademarked SuperFlake® graphite.

Complementing the Molo graphite mine is the company’s downstream expansion through battery anode facilities (BAFs), which will convert its proprietary SuperFlake® graphite into spherical purified graphite (SPG) and coated SPG (CSPG), enabling direct supply to global battery and automotive manufacturers outside traditional Asian supply chains.

Global demand for flake graphite, valued at US$3.12 billion in 2024, is forecast to grow to US$5.48 billion by 2034, driven by a 6.1 percent CAGR. This growth is primarily fueled by the expansion of lithium-ion battery manufacturing for EVs and renewable energy systems, where graphite remains the dominant material used in battery anodes.

NextSource also owns the Green Giant vanadium project, an advanced-stage and strategically significant vanadium asset located near the Molo mine. With a large, sediment-hosted deposit suited for vanadium redox flow batteries (VRFBs), Green Giant provides additional exposure to the grid-scale energy storage market – a rapidly emerging segment of the clean energy landscape.

NextSource has assembled an impressive leadership team with a proven track record in mine operations and building shareholder value. With long-term offtake agreements in place, a scalable mine-to-anode business model, and strategic backing from Vision Blue Resources, led by former Xstrata CEO Sir Mick Davis, NextSource is positioned to deliver significant value as a secure and sustainable supplier of critical battery materials.

Company Highlights

  • Molo Graphite Project: The Molo graphite project in Madagascar is among the world’s largest and highest-quality graphite resources and is the exclusive source of SuperFlake® graphite.
  • First Commercial Shipments Completed: SuperFlake® shipments have been to multiple end-users and approved for high-demand applications for flake graphite, including battery anodes, refractory and graphite foils for fire retardants and consumer electronics.
  • Long-term Offtake Agreements: One of the few graphite producers globally to secure long-term sales agreements with tier one partners, including a 20,000 tpa agreement with a leading Japanese trader that supplies intermediate anode material to the Japanese market, and a 35,000 tpa agreement with thyssenkrupp Materials Trading GmbH for SuperFlake® graphite concentrate.
  • Mine Expansion Planned: With anticipated volume demands expected to quickly outgrow its Phase 1 volume capacity, NextSource updated its operational strategy to utilize Phase 1 for campaign production to focus on development of its Phase 2 mine expansion.
  • Downstream Value-add Expansion: The company is executing a phased rollout of battery anode facilities to produce spherical purified graphite and coated SPG at commercial scale. These facilities will supply high-performance anode material directly to battery and automotive manufacturers outside traditional Asian supply chains.
  • Strategic Shareholder Support: Vision Blue Resources, a battery materials investment fund led by former Xstrata CEO Sir Mick Davis, is NextSource’s corner-stone shareholder. Sir Mick Davis also serves as NextSource’s chairman, bringing decades of mine development and operational leadership to the company.
  • Vanadium Exposure: NextSource also holds the Green Giant vanadium project in Madagascar, an advanced-stage NI 43-101 resource and one of the world’s largest known sedimentary vanadium (V2O5) deposits.

Key Projects

Molo Graphite Mine and Project

NextSource’s flagship Molo graphite project ranks as one of the largest-known and highest-quality flake graphite deposits in the world. The property spans more than 62.5 hectares, sits in the Tulear region of Southwestern Madagascar, and is located 11.5 kilometers east of the town of Fotadrevo. Phase 1 of the mine is currently in operation.

NextSource has superior flake size distribution and well above the global average. The Molo asset is relatively unique for having almost 50 percent premium-priced large and jumbo flake graphite and can achieve up to 97 percent carbon purity with simple flotation alone. Molo SuperFlake® has been verified by end-users and meets or exceeds all criteria for the top demand markets for flake graphite; anode material for lithium-ion batteries, refractories, graphite foils and graphene inks.

Project Highlights

Geological and Resource Overview:

  • Measured and indicated resources: 100.37 million tonnes (Mt) at 6.3 percent total graphitic carbon (C), based on a 2 percent C cut-off.
  • Proven and probable reserves: 53.75 Mt at 6.2 percent C, based on a 3 percent C cut-off, including 21.33 Mt proven and 32.41 Mt probable.
  • Over 300 km of continuous surface graphite mineralization has been delineated, enabling flexible, demand-driven production scale-up.
  • The resource base supports more than 100 years of mine life at 17,000 tpa and 25+ years at 150,000 tpa production levels.

Operational Status:

  • Phase 1 operations commenced production in October 2024, with the first commercial shipments of SuperFlake® graphite concentrate delivered to customers in Germany and the US in early 2025.
  • In May 2025, NextSource transitioned Phase 1 to campaign production in order to preserve capital and prioritize the larger Phase 2 expansion, which is now the operational focus.
  • Nameplate capacity for Phase 1 is 17,000 tpa, with modular Phase 2 plans targeting up to 150,000 tpa production capacity.

Strategic Sales Agreements:

  • A 20,000 tpa agreement with a leading Japanese trader that supplies anode material to major OEM supply chains (Tesla, Toyota).

Battery Anode Facilities

NextSource’s BAFs are value-added processing plants designed to convert smaller flake graphite into high-performance anode material, an essential component of lithium-ion batteries used in electric vehicles.

Project Highlights

Technology and Product Focus:

  • Using a proprietary and proven processing technology, licensed exclusively by NextSource and currently supplying major OEMs, the BAFs will produce spherical purified graphite (SPG) and coated SPG (CSPG) through a process verified within, and currently being used by, the Tesla and Toyota supply chains.
  • The CSPG production process involves micronizing flake graphite, shaping it into spheres (spheroidization), purifying it and applying a hard carbon coating to enhance durability and performance in battery applications.

Pilot to Commercial Progression:

  • A pilot BAF in Mauritius successfully validated NextSource’s processing technology and facilitated advanced product qualification with Tier 1 EV and battery manufacturers.
  • In 2025, the company redirected its BAF expansion focus from Mauritius to the Middle East, identifying Saudi Arabia and the UAE as ideal first locations due to favorable permitting, infrastructure, and access to global EV markets.

Strategic Plans and Economic Advantages:

  • NextSource’s established technical process gives it a competitive advantage by significantly reducing the time and cost required for R&D and qualification phases.
  • The modular BAF rollout strategy supports flexible scaling, with additional facilities planned for North America, Europe, and Asia to meet growing OEM demand.
  • Feedstock will be sourced primarily from the Molo Mine, with provisions for qualified third-party graphite as needed.

Green Giant Vanadium Project

The Green Giant vanadium project is a 100-percent-owned, advanced-stage exploration asset located in south-central Madagascar, approximately 15 kilometers from the Molo Graphite Mine. It is one of the world’s largest known vanadium deposits and a potential future growth driver for NextSource.

Project Highlights

Resource Profile:

  • NI 43-101 compliant resource of approximately 60 million tonnes, grading an average of 0.7 percent vanadium pentoxide at a 0.5 percent cut-off.
  • The deposit is sediment-hosted, a rare geological profile seen in only about 5% of vanadium occurrences, and favorable for producing high-purity vanadium compounds.

Strategic Importance:

  • Vanadium is a key material in vanadium redox flow batteries (VRFBs), which are emerging as a critical solution for long-duration grid-scale energy storage—a necessary component of the transition to renewable power.
  • With increasing global focus on decarbonizing power systems, Green Giant provides long-term optionality in a growing adjacent market.

Development Status:

  • Over US$20 million has been invested in exploration and development since acquisition in 2007.
  • While currently on hold to maintain focus on graphite and anode material commercialization, the project remains a strategic asset for future energy storage market expansion.

Management Team

Hanré Rossouw – President and Chief Executive Officer, Director

Hanré Rossouw joins NextSource from his role as executive director and chief financial officer of Sasol Limited with extensive experience in the global natural resources industry over the last 25 years. A British and South African national, Rossouw has held senior positions in leading global mining and investment companies where his roles involved business development, M&A, capital markets, asset management and growth optimization.

Craig Scherba – Chief Development Officer, Director

Craig Scherba brings extensive operational and geologic experience, having discovered both the Molo and Green Giant deposits. He currently heads up development of NextSource’s downstream OEM offtake strategy and plans.

Jaco Crouse – Chief Financial Officer

Jaco Crouse brings over 20 years of experience in the global natural resources sector, with expertise in M&A, capital markets and financial strategy. He held senior positions at Glencore and Xstrata.

Brent Nykoliation – EVP, Strategy and Corporate Affairs

Brent Nykoliation joined the senior management team at NextSource Materials as vice-president in 2007 and leads strategy and corporate affairs for the company. In addition, he oversees all communications with graphite customers, institutional investors and analysts for the company.

He brings over 20 years of senior management experience, having held marketing and strategic development positions with several Fortune 500 corporations in Canada.

Dr. Tilo Hauke – EVP, Downstream Operations

Dr. Tilo Hauke leads the development of the company’s BAFs, focused on producing commercial-scale graphite anode material for lithium-ion batteries used in electric vehicles. He previously spent two decades at SGL Carbon SE, a global leader in carbon and graphite products, holding senior roles including SVP of Fuel Cell Components and Group VP of Technology and Innovation.

Danniel Stokes – VP, Special Projects

Daniel Stokes spearheads the project management aspects of the company, with significant experience across a diverse portfolio of projects in mining, infrastructure and nuclear industries.

Markus Reichardt – VP, Sustainability

Markus Reichardt is responsible for driving the company’s safety, health, environment, social, climate change and quality performance and initiatives. He has a 25-year track record in operational, senior corporate and advisory roles in the resources, agricultural and renewables sectors across the developing world.

Jean Luc Marquetoux – Country Manager

Jean Luc Marquetoux brings nearly three decades of experience in mining and project development in Madagascar and brings deep regional and governmental expertise in Madagascar.

Board of Directors

Sir Mick Davis – Chairman

Sir Mick Davis is the CEO of Vision Blue Resources and a highly successful mining executive accredited with building Xstrata plc into one of the largest mining companies in the world before its acquisition by Glencore plc.

Ian Pearce – Director

Ian Pearce is the former CEO of Xstrata Nickel, and was the former COO of Falconbridge Limited, which was acquired by Xstrata Plc in 2006. Xstrata Plc’s acquisition of Falconbridge was one of the largest mining takeovers globally and one of the largest takeover bids in Canadian history.

Brett Whalen — Director

Brett Whalen has over 20 years of investment banking and M&A expertise, spending over 16 of those years at Dundee Corporation. During his tenure at Dundee, Whalen was directly involved in completing approximately $2 billion in M&A deals and helped raise over $10 billion in capital for resource sector companies.

Christopher Kruba – Director

Christopher Kruba is vice-president and legal counsel to Nostrum Capital Corporation and several related corporations that are part of the Toldo Group.

Martina Buchhauser – Director

Martina Buchhauser is a globally recognized leader in the automotive industry, with deep expertise in sustainable mobility and the transition to low-carbon, responsible business practices. Her executive career includes senior roles in global procurement and supply chain management at General Motors, MAN, BMW, and most recently Volvo Cars.

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Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) has secured board approval for a multi-billion-dollar life extension of its Highland Valley copper mine in British Columbia, setting the stage for a two-decade boost in copper output.

The Vancouver-based miner said Thursday (July 24) that construction on the Highland Valley Copper Mine Life Extension Project (HVC MLE) will begin in August, following receipt of environmental and permitting approvals in June.

The newly sanctioned Highland Valley project is expected to extend the mine’s life from 2028 through 2046, with average annual copper production of 132,000 metric tons.

The company further confirmed that engineering progress is nearly 70 percent complete.

Over its lifespan, the project is expected to maintain approximately 1,500 direct jobs and US$500 million in annual GDP from current operations. During the construction phase alone, Teck said that it anticipates roughly 2,900 jobs and US$435 million in additional GDP.

“This extension of Canada’s largest copper mine, Highland Valley, is foundational to our strategy to double copper production,” said CEO Jonathan Price in the company’s announcement.

“The project will strengthen Canada’s critical minerals sector, generate new economic activity, and support the continuation of the jobs and community benefits that HVC generates for many more years to come,” Price added.

The announcement comes as Teck posted better-than-expected earnings for the second quarter. The company reported an adjusted profit of C$0.38 per share, beating the average analyst estimate of C$0.27.

The outperformance was largely attributed to stronger profitability from the company’s Trail operations, a major zinc and lead smelting complex also located in British Columbia.

Teck produced 109,100 metric tons of copper in the quarter ending June 30 but lowered its full-year copper production guidance to a range of 470,000 to 525,000 metric tons, down from earlier estimates.

While London Metal Exchange (LME) copper prices dipped 2 percent year-over-year to an average of US$4.32 per pound during the quarter, Teck could benefit from recent geopolitical developments that may tighten global copper supply.

US President Donald Trump’s planned 50 percent copper import tariff, set to take effect August 1, could push prices higher despite Teck’s minimal exposure to the US market, as most of the company’s copper exports go to Asia and Europe.

The company said that it expects the project’s total ore throughput to average 50 million metric tons annually, while total material moved will vary significantly depending on the phase.

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

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(TheNewswire)

 

  

   
 

  

  The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital.  

 

  All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the   United States Securities Act of 1933   , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  

 

      About Pinnacle Silver and Gold Corp.  

 

  Pinnacle   is   focused   on   district-scale   exploration   for   precious   metals   in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production   .   In the prolific   Red   Lake   District   of   northwestern   Ontario, the Company owns a 100%   interest in the   past-producing,   high-grade   Argosy   Gold   Mine and the adjacent North Birch   Project   with an eight-kilometre-long target horizon   .   With   a   seasoned,   highly   successful   management   team   and   quality   projects,   Pinnacle   Silver   and   Gold   is committed   to   building   long   -term   ,   sustainable   value   for   shareholders.  

 

  Signed: ‘Robert A. Archer’  

 

  President & CEO  

 

    For further information contact   :  

 

  Email:     info@pinnaclesilverandgold.com    

 

  Tel.:  +1 (877) 271-5886 ext. 110  

 

    Website:     www.pinnaclesilverandgold.com    

 

  Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release   .  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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