Basin Energy (BSN:AU) has announced Granted Trollberget Licence Doubling Landholding
Download the PDF here.
This post appeared first on investingnews.com
First Helium Inc. (‘First Helium’ or the ‘Company’) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has begun drilling its high impact Leduc anomaly, the 7-15 well, at its Worsley Property in Northern Alberta. The location was identified on proprietary 3D seismic data interpreted last spring. In addition to the primary Leduc formation target, the Company will be evaluating multiple uphole zones for oil, natural gas and helium. These zones have been previously identified on First Helium wells and in other existing well bores on, and around the Company’s Worsley land base. The Company will continue to provide regular updates on ongoing field activities.
‘We are excited to be drilling our high impact Leduc anomaly, 7-15, which on seismic is approximately 5X the areal extent of our successful 1-30 light oil pool discovery. Favorable results from this well will further de-risk our Leduc Play, where we have identified 10 additional primary locations on proprietary 3D seismic, and potential for further southeast extension across our 100% owned lands,’ said Ed Bereznicki, President & CEO of First Helium. ‘With this next drill, we are also excited about continuing to evaluate the multi-zone potential across our Worsley land base. Success in these stacked zones could provide meaningful additional value for our shareholders from multiple formations and commodities,’ added Mr. Bereznicki.
The recently drilled 7-30 development well has been cased for completion and testing. Following drilling of the 7-15 well, and subject to results, necessary preparations are being made to complete, equip and tie-in both wells prior to spring break up in Alberta (a period from mid/late March through May when Provincial highway restrictions limit heavy equipment movement), further setting the stage for systematic development across the Company’s extensive 100%-owned land base.
Figure 1:
East Worsley Project Inventory
ABOUT First Helium
Led by a core Senior Executive Team with diverse and extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, and Capital Markets, First Helium seeks to be one of the leading independent providers of helium gas in North America.
First Helium holds over 53,000 acres along the highly prospective Worsley Trend in Northern Alberta which has been the core of its exploration and development drilling activities to date.
Building on its successful 15-25 helium discovery well, and 1-30 and 4-29 oil wells at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development across its Worsley land base. Cash flow from its successful oil wells at Worsley has helped support First Helium’s ongoing exploration and development growth strategy. Further potential oil drilling locations have also been identified on the Company’s Worsley land base.
For more information about the Company, please visit www.firsthelium.com .
ON BEHALF OF THE BOARD OF DIRECTORS
Edward J. Bereznicki
President, CEO and Director
CONTACT INFORMATION
First Helium Inc.
Investor Relations
Email: ir@firsthelium.com
Phone: 1-833-HELIUM1 (1-833-435-4861)
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate’, ‘plan’, ‘continue’, ‘expect’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘predict’, ‘potential’ and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the completion of future planned activities. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the state of the equity financing markets and regulatory approval.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
SOURCE: First Helium Inc.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/695cd8e5-7291-4f66-b2f9-a6bdc7d7928e
News Provided by GlobeNewswire via QuoteMedia
This post appeared first on investingnews.com
There’s been a de-dollarization storm brewing lately in the international finance arena. What is it?
De-dollarization is the process of reducing the dominance of the US dollar in global trade and financing activities. Recent data shows that other currencies are gaining ground, and the US dollar is no longer the alpha currency it once was.
You might be wondering, ‘What’s causing this?’ Well, the rise of non-US economic blocs and increasing political tensions have caused countries to rethink their dependency on the US dollar. For some nations, this has led to strategies to promote regional integration and bilateral relations in an effort to protect against geopolitical risks.
Take Russia, for example. In June 2021, the country announced it was eliminating the US dollar from its National Wealth Fund — in doing so, it has reduced its vulnerability to western sanctions. More recently, the BRICS nations, a group made up of Brazil, Russia, India, China and South Africa, have made headlines for their efforts to set up their own currency.
What does this all mean? Well, stick with us as we delve into the details of de-dollarization.
In this article
How did the dollar become the world’s reserve currency?
The US dollar has a storied history, originating in the early days of the United States. The US Mint was founded by the Coinage Act of 1792, establishing the dollar as the primary currency unit.
The dollar’s value was initially set relative to gold and silver, and it has since undergone several changes, including adopting the gold standard in 1900. The gold standard was a monetary system in which currencies were tied to an established quantity of gold, facilitating price stability and reducing transaction costs in commerce across borders.
The US adopted the system with the Coinage Act of 1873, which continued until the Great Depression in the 1930s. The Bretton Woods Agreement of 1944 was a pivotal moment in the US dollar’s history, as delegates from 44 countries agreed to peg their currencies to the dollar, which was, in turn, linked to gold. This solidified the US dollar’s position as the primary trading currency.
The US dollar’s rise to prominence as the world’s reserve currency can be attributed to other factors as well. The Federal Reserve Bank was established by the Federal Reserve Act of 1913, which helped maintain price stability in the US dollar.
Additionally, during World War I, the US became the primary lender for many countries looking to buy dollar-denominated US bonds. By the end of World War II, the US had amassed most of the world’s gold reserves, and the Bretton Woods Agreement had solidified the dollar’s position as the international monetary standard.
Despite the eventual end of the Bretton Woods system in the early 1970s, the US dollar has retained its status as the world’s reserve currency. Factors contributing to its dominance include:
- the stability of its value
- the size of the US economy
- the US’ geopolitical influence
- the unparalleled market for US debt
Today, the US dollar remains the currency of choice for international trade and reserves, with major commodities like oil primarily bought and sold in US dollars, called petrodollars. However, with the recent de-dollarization trend and the emergence of digital currencies, the dollar’s long-term future as the global reserve currency is uncertain.
What is de facto dollarization?
There are some countries that don’t officially use the US dollar, but still experience unofficial de facto dollarization, a phenomenon in which residents of a country use a foreign currency, often the US dollar, for day-to-day transactions and for saving in hard currency. According to the International Monetary Fund, most developing countries have a limited form of dollarization. Countries with high levels of de facto dollarization are Argentina, Bolivia, Cambodia, Lebanon, Peru, Uruguay and Zimbabwe.
De facto dollarization is a concern in many developing economies, because it can limit the effectiveness of monetary policy, expose the financial sector to currency risk and increase the country’s vulnerability to external shocks.
Nations with both official and unofficial dollarization are seeing the risks associated with it, and some are looking for alternatives, or at least ways to cushion that risk.
What does de-dollarization mean?
De-dollarization involves reducing the US dollar’s dominance in global markets by substituting it as the primary currency for financial transactions, such as trading oil or other commodities, foreign exchange reserves and bilateral trade.
The US dollar’s leading role in the global economy grants the US significant influence over other nations, and the country often uses sanctions as a foreign policy tool. As a result, some countries want to reduce their dependence on the dollar and challenge its dominance to insulate their central banks from geopolitical risks:
As mentioned, one of the groups leading this movement is the BRICS. The five emerging economies in the bloc have been working together on various issues, such as trade, finance and development. The BRICS countries have also been looking for ways to create a new reserve currency that could compete with the dollar.
One example of de-dollarization is the emergence of the petroyuan in response to the longstanding petrodollar system. China, now the world’s top oil importer, has introduced a yuan-denominated oil futures benchmark to stimulate demand for its goods, services and securities, signaling a potential decline for the petrodollar.
Another indication of de-dollarization is the rise in central bank gold buying. Countries like China, Russia and India have been purchasing gold as a means to reduce their dollar holdings. Central banks have purchased more gold in recent years than they have since records began being kept in 1950. This trend highlights a shift in trust from the US dollar to gold as a safer haven, driven in part by the US and its allies’ increasing use of financial sanctions.
‘The rallying cry that’s pulling all of this together is the weaponization of the dollar, and I would also argue the fact that we signed an executive order to go green … we have in essence told the Saudi kingdom and OPEC, who gives us the dollar hegemony by pricing oil in dollars, that we’re going to go green pretty soon, and if you’re on the wrong side of us we’re going to sanction your funds,’ he said.
Watch the full interview with Schectman here.
Schectman also had lots of insight to share on de-dollarization during a panel entitled ‘Will the BRICS survive a Trump Presidency’ at the 2025 Vancouver Resource Investment Conference (VRIC) in January. Whether US President Donald Trump uses a carrot or a stick approach with BRICS members, the path toward de-dollarization will be hard to block. Schectman told VRIC attendees that he views Trump’s tariffs as sanctions in another form, and the tariffs are likely to continue to give countries such as China a good reason to make further moves to dethrone the dollar.
He pointed to China and Saudi Arabia beefing up their gold reserves on the sly and China selling US bonds in Saudi Arabia as evidence of the aggressive posture toward de-dollarization.
‘A lot of the things they’re doing are going to be under the radar. For example, we’ve seen China say that they stopped buying gold for six months, yet the import/export numbers out of London and Switzerland betrayed that rhetoric,’ he said. ‘And in fact, there’s a feeling that they’ve been buying 10 times as much gold as they said. Saudi Arabia, same thing. Oh, sorry, we forgot to report it to the IMF, but the import/export numbers caught it. So, I think this de-dollarization trend is going to continue.’
China is also striking at the heart of the petrodollar system with the sale of US$2 billion in dollar-denominated bonds in Saudi Arabia in direct competition with US treasuries.
“That money then doesn’t go back to the US,” Schectman said. ‘And I think what (China is) doing with this is saying, look, we can do this with all of our Belt Road Initiative countries. We can help them with their dollar denominated debt. It’s a way for them to say, we can challenge you right now in the treasury market, don’t mess with us.”
If US President Donald Trump continues to use tariffs as a proxy for economic sanctions on China, Schectman believes the Asian nation will continue to issue bonds in US dollars in order to compete on a parallel system with the United States.
It’s worth noting that de-dollarization efforts, while offering advantages such as risk diversification, stronger national currencies and reduced vulnerability to US sanctions, also present challenges like transition difficulties, short-term instability and limited global acceptance of alternative currencies.
So while de-dollarization presents both opportunities and challenges for the global economy, businesses, investors and policymakers must understand these implications and adapt to the evolving nature of international trade and finance.
Will the dollar lose its reserve currency status?
Frank Giustra, a well-known Canadian businessman who is co-chair of the International Crisis Group, believes some form of de-dollarization appears inevitable, as in the wake of sanctions against Russia, countries are increasingly considering non-dollar trade agreements and central banks are reducing their dollar reserves.
If the US dollar was to lose its reserve currency status, what could take its place? There are 180 currencies recognized as legal tender in different countries and territories worldwide, and there are other reserve currencies like the euro, Japan’s yen, Britain’s pound and China’s yuan. There are also growing digital currency options.
However, for now the US dollar’s dominance remains clear — International Monetary Fund data shows that it makes up 57 percent of foreign exchange reserves worldwide. And even those who are of the opinion that a shift away from the US dollar is inevitable don’t see it happening without major turmoil at a global scale.
‘Generally in history such transitions between global reserve currencies have been with big geopolitical tensions — or in other words, with wars. So nobody wants that, but it is historically speaking the prerequisite to move from one currency-based system — the dollar — to another currency-based system.’
Watch the full interview with Peccatiello above.
Giustra has expressed a similar opinion, saying that moves away from the US dollar could provoke inflation in the US, potentially leading to social and economic instability. For that reason, he believes the de-dollarization trend should be viewed by the administration as a matter of national security. He thinks the US should consider being open to dialogue regarding forming a new monetary system, which could potentially be backed by gold or other commodities.
Investor takeaway
De-dollarization is an ongoing trend that marks a shift away from the previously unrivaled US dollar in global trade and finance. Political tensions, the rise of non-US economic blocs and a desire for decreased reliance on the dollar are the driving forces behind this trend. De-dollarization is also playing a key role in prompting countries to pursue regional integration and bilateral relations while protecting against geopolitical risks.
Investors can prepare for a future in which the US dollar’s dominance is less certain by diversifying their portfolios across various currencies and assets, such as gold or cryptocurrencies.
Additionally, learning about alternative payment systems or platforms that bypass the US dollar can open up new markets and services. Remaining open minded about different perspectives and scenarios emerging from de-dollarization will allow greater flexibility and adaptability in a changing financial landscape. By staying informed and flexible, investors can navigate the evolving financial landscape and capitalize on emerging opportunities.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
This post appeared first on investingnews.com
Investor Insight
First Helium’s scalable development strategy, differentiated by a multi-commodity approach and supported by a well-defined project roadmap, positions it as a potential leader in helium production within North America.
Overview
First Helium (TSXV:HELI,OTCQB:FHELF,FRA:2MC) is a Canadian company focusing on exploring and developing helium resources in Alberta, Canada. The company’s primary asset is the Worsley project, which spans 53,000 acres and includes both helium-enriched natural gas, oil and other natural resources. First Helium has made significant progress with multiple discoveries, including a helium discovery well and successful oil wells. The company aims to grow its production and cash flow through ongoing exploration and drilling activities.
First Helium is poised for substantial growth in the coming years, with the scalability of the Worsley project providing a path to significant increases in production and revenue. The company has set ambitious financial goals, targeting over $100 million in annual revenue within the next three to five years. Based on current projections, vertical drilling alone could generate over $100 million in annual revenue, with cash flow estimated to reach $70 million annually.
Helium, a critical and scarce resource, is indispensable in various high-tech industries, including semiconductor manufacturing, artificial intelligence, space exploration, defense and healthcare. Helium’s demand is projected to grow 300 percent by 2030, driven by its irreplaceable role in industries that require precision, cooling and inert properties. Major companies like Google, Amazon, SpaceX, NVIDIA and Intel rely on helium for their operations. The global helium market, valued at $3.94 billion in 2021, is expected to grow to $13.26 billion by 2030.
However, the supply of helium is under pressure due to geopolitical uncertainties and production limitations from major global suppliers, including Qatar, Algeria and Russia. Additionally, the US, currently the largest producer of helium, is expected to become a net importer within the next three to five years. This shift opens significant opportunities for Canada, which is the fifth-largest global resource of helium but contributes less than 2 percent of the world’s annual production. The Canadian government has also classified helium as a critical mineral, underscoring its strategic importance in the transition to a sustainable future.
This global dynamic is creating opportunities for helium explorers such as First Helium to leverage a growing market. Led by an experienced management and technical team with successful track records in the oil and gas, mining and energy sectors, First Helium is well-placed for significant growth.
First Helium’s long-term vision is to establish a regional helium-enriched natural gas and oil play in Alberta, with the Worsley project serving as a template for future developments. The company is actively evaluating potential partnerships and acquisition opportunities to accelerate the development of its assets and capitalize on the growing demand for helium across North America and globally.
Company Highlights
- Helium is a critical mineral with steady growth in demand. Major companies like Google, Amazon, SpaceX, Samsung, NVIDIA and Intel rely on it.
- Helium prices have increased by over 50 percent in the last three years and the market is expected to grow 300 percent by 2030.
- First Helium offers exposure to helium, natural gas and oil revenue streams, which diversifies risk and increases value.
Key Project
Worsley Helium Project
The company’s 100 percent owned flagship Worsley project, spans 53,000 acres (approximately 83 square miles) in a multi-commodity region of Alberta. The project is located in a historically productive area that has yielded over 315 billion cubic feet (Bcf) of natural gas and 17 million barrels of oil. The Worsley project is distinguished by its significant helium resources and multi-zone drilling potential for helium, natural gas and oil. Worsley area has produced over 1 Bcf of helium, which was not recovered in previous natural gas operations, highlighting the untapped potential of the region for helium extraction. In particular, the deeper Leduc formation to the eastern part of the land base remains largely unexplored due to higher nitrogen concentrations in the natural gas resource, which made the product unacceptable to the local gas pipeline transportation company, and discouraged further drilling by historic natural gas companies. This spells tremendous exploration opportunity for First Helium, as today’s helium processing equipment can separate helium, natural gas and nitrogen, resulting in marketable helium and natural gas.
First Helium’s vertical helium discovery well, 15-25, is ready to be brought into production and is expected to provide a steady stream of helium and natural gas supply. Additionally, the company has identified 12 follow-up vertical drilling targets, and a large structural opportunity based on proprietary 3D seismic data, which positions the project for significant scalability.
First Helium has secured a 10-year ‘take-or-pay’ helium offtake agreement with a major global industrial gas supply company, which would support robust and predictable cash flow. The agreement covers up to 80 percent of helium production from the Worsley project’s 15-25 well, with the potential to purchase 100 percent of production depending on the pace of growth. The agreement also provides First Helium with flexibility, allowing the company to market up to 20 percent of helium production on a potentially more lucrative “spot” sales or merchant liquefaction basis.
The Worsley project area benefits from an existing natural gas gathering infrastructure, expediting the timeline to bring helium to market. First Helium expects the first production to begin in the fourth quarter of 2025, positioning it to become a key supplier in the growing North American helium market.
Worsley project indicative economics
The resource base of the Worsley project is significant. The project comprises one proven, undeveloped oil location with reserves of approximately 200,000 barrels of oil (as verified by third-party reserve engineers) and one natural gas/helium well. The unrisked, best estimate of contingent resources for this well includes just under 13 Bcf of natural gas and over 300 million cubic feet (MMcf) of helium. These reserves provide a stable foundation for the company’s growth, with the natural gas/helium production offering substantial economic upside due to the high-value nature of helium. Helium prices have increased by more than 50 percent over the past three years, with global import prices rising from approximately $US 310 per thousand cubic feet (Mcf) in January 2020 to over $US 476 per Mcf by November 2023. This price growth, combined with helium’s critical applications, underpins the strong economics of First Helium’s Worsley project.
The company’s operations focus on two key formations within the Worsley project area. The Leduc formation, known for its helium-enriched natural gas and light oil, offers substantial production potential. The Blue Ridge formation is another high-margin, helium-enriched premium natural gas play that adds further value. The company has drilled three wells in the area, achieving 100 percent drilling success on two oil wells, which have collectively generated approximately $13 million in revenue. These results highlight the resource-rich nature of the Worsley project and demonstrate First Helium’s capability to deliver consistent drilling success and revenue generation. The third well, drilled horizontally into the Blue Ridge formation, was cased, and is ready for completion and testing. If successful, it will establish a regional, repeatable, helium-enriched natural gas play.
The company has identified 12 highly prospective locations for additional drilling in the Leduc formation, and the successful testing of its horizontal well (5-27) is expected to add over 30 follow-up horizontal drill locations in the Blue Ridge formation at West Worsley, further enhancing the scale of the project.
After receipt of regulatory licensing approvals in late 2024 and early 2025, First Helium has begun drilling its proven undeveloped (PUD) 7-30 oil location at the Worsley property. Following drilling of the 7-30 vertical well, the contractor’s drilling rig will move directly to the 7-15 location to begin drilling in early February, barring any unforeseen delays.
Processing plant
In conjunction with proving up additional helium resource, the company is also exploring financing options for the construction of a helium processing plant, which would further enhance its production capabilities. The completion of this facility is expected to generate $3 to $5 million in annual project-level cash flow from the single 15-25 well alone, setting the stage for future growth and expansion.
Management Team
Ed Bereznicki – President, CEO and Director
Ed Bereznicki is a highly experienced energy sector executive with more than 25 years in corporate finance, capital markets, and M&A, focusing particularly on oil and gas exploration and production. He spent 15 years as a senior investment banker with firms such as Raymond James and GMP Securities, where he raised over $20 billion in equity and convertible debt for energy sector projects. His leadership roles extend to start-up energy ventures, where he has guided companies through IPOs, mergers and acquisitions. He has also handled risk management, pipeline operations, and international projects, making him an expert in leading large-scale energy and natural resource companies. His broad experience across financial and operational domains has contributed significantly to his ability to manage complex corporate growth initiatives in the helium sector.
Robert J. Scott – CFO and Director
Robert Scott is a chartered professional accountant and a chartered financial analyst with over 20 years of professional experience in financial management, corporate compliance, and strategic business planning. He has held senior management and board positions at multiple TSX-V listed companies, where he was instrumental in raising more than $200 million in equity capital for growth-stage companies. His extensive expertise covers IPOs, reverse takeovers, mergers and corporate restructuring. In addition to corporate finance, he has in-depth experience in merchant and commercial banking, which has bolstered his capability to guide companies through complex financial environments, especially in the natural resource sector.
Shaun Wyzykoski – Vice-president, Engineering
Shaun Wyzykoski brings 25 years of experience in the Canadian oil and gas industry, specializing in engineering, operations, acquisitions, and divestitures. He has held senior roles at several major energy companies, including chief operating officer of Orlen Upstream Canada, and senior engineering positions at Fairmount Energy and TriOil Resources. He was also part of the founding engineering group at Crescent Point Energy, one of Canada’s leading oil and gas producers. Wyzykoski’s expertise includes designing and executing complex operational strategies to leading acquisition efforts and integrating new technologies into exploration and production activities. His deep operational knowledge helps him drive efficiency and innovation at First Helium.
Marc Junghans – Geology and Asset Development Advisor
Marc Junghans is a seasoned geologist with more than 40 years of experience in the oil and gas sector, focusing on the Western Canadian Sedimentary Basin and U.S. markets. He co-founded and successfully sold two private-equity-backed junior oil and gas companies, where he served as vice-president of exploration. At Compton Petroleum, he helped grow production from 2,500 barrels of oil equivalent per day (boed) to 34,000 boed, leading exploration efforts that significantly enhanced the company’s value. He has held senior geological positions at major firms such as Husky Oil, Anderson Exploration, Canterra Energy, and Tundra Oil & Gas. Junghans has drilled over 170 horizontal wells across Alberta, Saskatchewan and Manitoba, bringing invaluable technical expertise to First Helium’s asset development strategy.
This post appeared first on investingnews.com
Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce that the location of its Inland Rail Facility (‘IRF’) has been approved by the Government of Cameroon. In addition, Canyon’s in- country subsidiary Camalco Cameroon SA (‘Camalco’) has been allocated 105 hectares of land by the Lamido of Ngaoundere to be used for future additions to the IRF and associated infrastructure.
The signing of this land approval marks another major milestone achieved by the Company in the rapid development of the Minim Martap Bauxite Project (‘Minim Martap’ or ‘the Project’).
The approved IRF location is strategically situated near the existing Makor Railway Station, enabling seamless integration with existing local infrastructure and enhancing construction efficiency. The timing of the approval for the IRF location and allocation of additional land, comes shortly after the underwriting agreement with Eagle Eye Asset Holdings Pte Ltd (‘EEA’) to finance the purchase rolling stock for the development of Minim Martap.
The rapid succession of these milestones underscores the strong commitment of Canyon’s major shareholder, EEA, and dedication of relevant authorities in Cameroon, to advance Minim Martap towards production status.
Canyon is focused on progressing key logistical and infrastructure solutions to further de-risk the Project and support the ongoing Definitive Feasibility Study (‘DFS’). Upon completion and at the commencement of production, the IRF will be used as a loading station for wagons of Bauxite ore brought by road from Minim Martap before transport via the main rail line to port, using the Company’s own rolling stock.
Mr Jean Sebastien Boutet, Canyon Chief Executive Officer commented:“The approval for the location of the Inland Rail Facility is a timely achievement for the Company following the recently announced underwriting agreement with EEA to finance the purchase of rolling stock. Key details from these agreements are being factored into the ongoing Definitive Feasibility Study and the increased oversight of logistics provides Canyon stability in progressing our Project.
“I would like to extend my gratitude to his Excellency, Lamido of Ngaoundere, for his generous provision of land in the Makor region. Access to an additional 105 hectares surrounding the IRF site provides the Company with assurance to construct and develop the IRF and other critical infrastructure for Minim Martap, reinforcing the Project’s long-term viability.
“The past six months have been transformative for Canyon, with initial infrastructure solutions in place and strong support from strategic partners and government, we have rapidly derisked the Project’s development.
“The support we’ve received from EEA, the Government of Cameroon, and key stakeholders reflects the enormous opportunity that Minim Martap presents to Cameroon and local communities. The broader bauxite market remains in a highly resilient environment, and we look forward to becoming a key supplier of this critical mineral to future offtake partners.”
Click here for the full ASX Release
This post appeared first on investingnews.com
During three separate discussions at the Vancouver Resource Investment Conference, Robert Kiyosaki, Rick Rule, Jeff Clark and Peter Spina shared key insights on navigating an increasingly unstable economic landscape.
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” warned of America’s mounting US$36 trillion debt, highlighting the inflationary risks of excessive money printing and adding that the US is printing a trillion dollars every hundred days.
The author and public speaker went on to underscore the opportunity in mining equities.
“When they print that much money, what happens is this — the rich get richer,’ said Kiyosaki.
‘Let me say it again — the after effect of people (printing) money is the rich get richer, because there’s asset inflation. So when they print money, gold and silver, real estate and oil go up.’
Of sister metals gold and silver, Kiyosaki said he prefers the versatility of silver. To underscore this idea, he shared an anecdote about Andy Schectman, his friend and the president of Miles Franklin.
“He says every time they fire those Tomahawk rockets, there’s 1.4 pounds of silver, and they never get it back,” said Kiyosaki. “We all know silver is an industrial metal, so it’s also a strategic metal in war.”
Kiyosaki believes more war is in the cards, explaining that he likes US President Donald Trump because he is anti-war.
— Resource Investing (@INN_Resource) January 20, 2025
Although fond of silver, Kiyosaki offered up price predictions for gold and Bitcoin in 2025, forecasting that the yellow metal will hit US$15,000 per ounce. For the original cryptocurrency, he expects a fresh high of US$250,000.
More broadly, Kiyosaki sees hard assets as a hedge against the devaluation of the US dollar.
Rule’s stock picks
Later in the day, well-known resource speculator and investor and Rick Rule headlined a presentation titled “Exhibitors at This Conference, That I Own; Why, and What Could Go Wrong.”
During his 20-minute discussion, Rule, who is also proprietor at Rule Investment Media and host of the Rule Symposium, stressed the importance of practical investment strategies over broad market predictions.
He shared insights into his own holdings, offering investors a ‘focus list’ for further research.
— Resource Investing (@INN_Resource) January 20, 2025
Some of the companies that Rule listed include:
While reading out his alphabetical list, Rule provided insight into how he selects equity investments. He prioritizes large, high-quality deposits over smaller ones, seeing them as better bets for strong returns.
He also noted that he prefers political risk to technical risk, and made the case for the prospect generator model, where companies fund exploration using external capital.
“Using other people’s money is simply the easiest way to leverage exploration growth without diluting yourself out of existence. People describe prospect generators as boring,’ said Rule.
‘At age 71, almost 72, I’ve decided that boredom is preferable to terror.’
With investments spanning copper, gold, silver, uranium and royalties, he emphasized the importance of backing experienced, transparent management teams. Rule’s approach underscores selective, well-researched resource investing— where size, strategy and leadership matter most.
Spina and Clark’s stock picks
In a similar vein, Peter Spina, president and CEO of GoldSeek.com and SilverSeek.com, and Jeff Clark, editor of Paydirt Prospector, sat down for a conversation titled, “Stocks I Love Right Now,” moderated by David Lin.
Starting the conversation, Clark reminded investors to not get emotionally attached to stocks, especially resource stocks, noting that a more appropriate title for the conversation would be ‘Stocks I Want to Buy.’
“You’re dating, you’re not marrying them,” said Clark.
Lin then asked if there is any investment a person should marry.
“I don’t know about marrying an investment in this sector other than gold itself,” quipped Clark.
Adding his thoughts, Spina offered a little more nuance in his response.
“You might really love a company, but you always have to be thinking about it as an investor — always question the premise, and always try to have an independence to it, because you can get so emotionally attached to something that you lose perspective, and you don’t see the risks. You’re only focusing on the rewards,” he said.
Even though gold continues to hit record highs and silver is gaining momentum, mining stocks have yet to follow suit, creating what one expert has called a prime risk/reward entry point, Spina explained.
Although gold and silver miners have strong cashflow, improving balance sheets and rising metal prices working in their favor, they remain undervalued and present an opportunity for investors.
“Sometime this year, there’s going to be a move that really starts to ignite all these miners and stocks higher,” said Spina. “I think this is an easy opportunity to take advantage of right now.”
Offering tips on selecting small-cap mining stocks, Spina, like many of the conference speakers, pointed to management as the top priority, noting that strong leadership with significant equity ensures alignment with investors.
He went on to explain that given the resource sector’s cyclical nature, experienced managers are crucial for navigating downturns without excessive dilution. Share structure, project quality and operating margins also play a role, particularly in mining companies, where break-even costs vary widely.
Clark also put management at the top of his list of criteria. He urged investors to ask management if they own shares in their company. He also advised attendees to look at management’s work history.
“What did the stock do with the prior company they ran?” Clark posited, adding that he considers himself a “conservative speculator” when it comes to jurisdictional risk. “I’m looking at companies that have the potential to make a big find, run by a high-quality management team that is in a pro-mining jurisdiction,” he said.
From there, Clark and Spina provided stock picks to the audience.
Spina mentioned Idaho Strategic Resources (NYSEAMERICAN:IDR), a US-based gold producer that also has a large rare earths resource. His next selection was Fortuna Mining (TSX:FVI,NYSE:FSM) a precious metals company with mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico and Peru.
His third pick was Silvercorp Metals (TSX:SVM,NYSEAMERICAN:SVM) a producer of silver, gold, lead and zinc.
Clark’s picks included Luca Mining (TSXV:LUCA,OTCQX:LUCMF) a polymetallic miner with two assets in Mexico. Next was Radisson Mining Resources (TSXV:RDS,OTCQB:RMRDF) a Québec-focused gold explorer. Lastly, Clark chose Independence Gold (TSXV:IGO,OTCQB:IEGCF), a precious metals explorer with assets in BC and the Yukon.
Highlighting the value each company offers, Spina and Clark also noted that the juniors could become M&A targets as larger producers look to replenish their pipelines.
“I think the conditions are right, because the producers are generating a lot of free cashflow,’ said Clark, noting that he has questioned why more juniors weren’t acquired two or three years ago when they were “stupid cheap.’
‘Well, maybe they were waiting until their cashflow was higher (and) the gold price was higher. We have those conditions now,’ he added. ‘So we are ripe for an M&A cycle to start. All it’s going to take is one big one to get it rolling, and then we’ll be off to the races.”
Stay tuned for more event coverage, including video interviews with many of the experts who attended.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
This post appeared first on investingnews.com
Starbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies as investors anticipate improving demand for dining out.
A handful of restaurants released preliminary results earlier in January ahead of presentations at the annual ICR Conference in Orlando. For many, like Red Robin and Noodles & Company, their early report showed sales trends improved during the fourth quarter, giving investors more confidence and pushing their shares higher. Only Shake Shack saw its stock fall; its outlook disappointed shareholders, who were hoping for higher targets.
But the largest restaurant companies have yet to announce any results. Starbucks paves the way with its announcement on Tuesday after the bell. Yum Brands and Chipotle won’t share their earnings until next week. McDonald’s, often considered a consumer bellwether, isn’t on deck until Feb. 10.
However, a rollercoaster 2024 for restaurants might have ended on a high note — and that could bode well for the industry in the year ahead.
Industry data suggests that the fourth quarter was better for restaurants overall than the rest of the year. Same-store sales grew in both October and November, according to data from market research firm Black Box Intelligence. December was the only month same-store sales fell during the quarter, but Black Box attributed the swing to the calendar shift caused by a late Thanksgiving.
“We came out of [the fourth quarter] with a lot of momentum and started off really strong … That gives me a feeling that the consumer is still very resilient,” Shake Shack CEO Rob Lynch said. “Consumers are still out there spending money. There’s still a lot of jobs for people who want to go out and get great jobs. We’re kind of bullish on ’25.”
Most casual-dining chains have been in turnaround mode, hoping that revamped menus and new marketing plans will reinvigorate sales. For most of last year, only Chili’s, owned by Brinker International, won over customers with its strategy, helping the chain report double-digit same-store sales growth.
But some of Chili’s rivals saw an improvement in the fourth quarter.
For example, Red Robin said it expects to report a 3.4% increase in its fourth-quarter comparable restaurant revenue, excluding a change in deferred loyalty revenue.
“We’ve been doing a ton of work behind the scenes, and I believe that these stories take time, and you can’t skip the process,” Red Robin CEO G.J. Hart told CNBC earlier in January.
For two and a half years, the chain has implemented a broad comeback strategy, which included bringing back bussers and bartenders and overhauling its signature burgers. More recently, Red Robin has launched a loyalty program and unveiled promotions for certain days of the week, reintroducing customers to its revamped restaurant experience and helping it compete with Chili’s.
California Pizza Kitchen also had a strong fourth quarter, and the momentum hasn’t slowed, according to the chain’s President Michael Beacham.
“We had a great [fourth quarter], and we’re already starting out in 2025 with some really strong numbers, and that’s just with our in-dining guests,” Beacham said. CPK is privately owned and doesn’t publicly report its quarterly results, but its sales trends can offer clues about how other casual restaurants are performing.
It helps, too, that diners aren’t feeling as strapped for cash as they were earlier in 2024.
“It looks like the consumer is starting to feel a little bit better than they were in prior quarters,” Darden Restaurants CEO Rick Cardenas said on the company’s earnings conference call in December.
Before the holidays, Darden, which operates on a different fiscal calendar than most of its peers, reported stronger-than-expected demand for its food during the quarter ended Nov. 24. In particular, same-store sales at LongHorn Steakhouse and Olive Garden beat Wall Street’s estimates. Executives credited more frequent visits from diners with annual incomes of $50,000 to $100,000.
Some of the biggest restaurant names might have the most disappointing quarters.
Starbucks is still in turnaround mode. Now under the leadership of former Chipotle CEO Brian Niccol, the coffee giant is in the early innings of a turnaround.
″[Fiscal quarter one] is expected to be another challenging quarter as SBUX implements a host of operational changes. Margin pressure is expected to be similar to Q4, but we believe investors likely look through [near-term] headwinds while focusing on evidence of [long-term] turnaround potential,” Wells Fargo analyst Zachary Fadem wrote in a research note on Thursday.
While Niccol has already tweaked the company’s advertising and promotional strategy, it will take more time for Starbucks to implement larger changes, like a menu overhaul and faster service. The company also recently said it will lay off some of its corporate workforce, although it hasn’t shared how many jobs will be affected.
Wall Street is expecting the Starbucks to report quarterly same-store sales declines of 5.5%, according to StreetAccount estimates.
And then there’s McDonald’s, which spent much of its fourth quarter handling a foodborne illness crisis.
In October, the Centers for Disease Control and Prevention connected a fatal E. coli outbreak to McDonald’s Quarter Pounder burgers. The chain reacted by temporarily pulling the menu item in affected areas and eventually switched suppliers for the slivered onions targeted as the likely culprit.
Traffic to McDonald’s restaurants across the U.S. fell as consumers reacted to the headlines, although analysts expect the company to report that trend reversed later in the quarter.
“We expect headwinds related to the E. coli outbreak likely weighed on 4Q US [same-store sales], with data indicating pressured trends in November, but our franchisee discussions and traffic trends highlighting recovering guest counts in December,” UBS analyst Dennis Geiger wrote in a note to clients on Wednesday.
Though some chains are lagging behind, restaurant executives generally seem more positive about 2025, citing improving consumer sentiment and wage growth.
“I’m cautiously optimistic about where we’re headed, and it feels good — it really does,” Red Robin’s Hart said.
Restaurants will also be facing easier comparisons to last year’s sales slump, making their growth this year look more impressive.
But industry optimism doesn’t ensure smooth sailing for the year ahead. Investors will be listening carefully for executive commentary about how traffic and sales are faring so far in the first quarter.
For example, restaurants have had to contend with the wildfires that ravaged Los Angeles, displacing residents and temporarily shuttering some eateries, in addition to the usual seasonal snowstorms and frigid temperatures that keep diners at home.
“I think overall, if you take out weather, this tragic thing that’s happening in California, we see green shoots already for restaurants that aren’t impacted,” Fogo de Chao CEO Barry McGowan said. “We’re hopeful this year.”
This post appeared first on NBC NEWS
Fox Corp. is scoring big this Super Bowl.
The broadcaster has sold out of ad spots for Super Bowl 59 on Feb. 9, and more than 10 of those commercials sold for $8 million apiece, according to a person familiar with the matter.
Fox reported during its November earnings call with investors that it sold out of ad spots for the Super Bowl in the fall of 2024. At the time, media reports pegged average prices at more than $7 million per ad.
“We’re sold out for the Super Bowl at record — what we believe [is] a record pricing,” Fox CEO Lachlan Murdoch said on November’s call.
Much of the ad inventory for the Super Bowl was sold during Fox’s Upfront presentation to investors last spring, and when it became clear that open spots were dwindling, the price of each unit stepped up, said the person familiar with the matter, who spoke on the condition of anonymity to discuss nonpublic matters.
Typically, pricing for Super Bowl ads can escalate by about $100,000 as remaining inventory lessens and game day approaches. This year, the jump in price was closer to $500,000 per spot, the person said.
The voracious appetite for commercial time during the country’s biggest live sports event is no surprise, even if the pricing is eye-popping. Live sports continue to beckon the biggest audiences as the cable TV bundle shrinks, making the matches some of the most coveted programming on live TV for advertisers.
Last year, an estimated 123.7 million people watched the Super Bowl, which was aired on Paramount’s CBS broadcast network, streaming service Paramount+ and Spanish-language telecaster Univision, among other platforms, according to Nielsen.
In 2023, the last time the Super Bowl aired on Fox, more than 115 million viewers tuned in. These audience sizes are a key reason why media giants have shelled out hefty sums for the rights to NFL games.
“If I learned anything, it’s that we’re in a period now where the live sporting event, where people and families come together to watch, is that much more coveted,” said Mark Evans, executive vice president of ad sales for Fox Sports. “There’s an escalation in price and interest in the demand for live sports, but we’re not at its peak. We’ve still got runway for growth.”
The advertising market has been improving since its slump during the height of the Covid-19 pandemic. Traditional media companies with sports rights and tentpole live programming are benefiting the most, while advertising for general entertainment programming still lags in comparison.
This year’s Super Bowl, which will see the reigning champion Kansas City Chiefs once again take on the Philadelphia Eagles, will have plenty of commercials from the typical players, including automakers, restaurants and food and beverage companies, with lots of familiar celebrity faces, said Evans.
Viewers will notice an increase in ads from companies in the artificial intelligence and pharmaceutical industries, while there will be fewer commercials from streaming services and movie studios, he said.
Evans noted that “multiple advertisers have fallen in love with the creative,” adding there will be more 60-second ads in addition to the usually popular 15- and 30-second spots.
Advertisers will also get a little more bang for their buck this year. In addition to broadcasting on Fox, the company is also offering the Super Bowl on its free, ad-supported streaming service Tubi for the first time. Tubi will air the same ad load as the broadcast network.
This post appeared first on NBC NEWS
Tesla’s fourth-quarter earnings report lands just over a week after President Donald Trump began his second term in the White House, with Elon Musk right by his side.
Now that the Tesla CEO is firmly planted in Washington, D.C., in a high-profile advisory role, shareholders in the electric vehicle maker have some questions.
On the forum Tesla uses to solicit investor inquiries in advance of its earnings calls, more than 100 poured in from shareholders about Musk’s politics, including his official role at Trump’s Department of Government Efficiency (DOGE) and his endorsement of far-right candidates.
“How much time does Elon Musk devote to growing Tesla, solving product issues, and driving shareholder value vs. his public engagements with Trump, DOGE, and political activities?” one retail investor asked, adding, “Do you believe he’s providing Tesla the focus it needs?”
In addition to contributing $270 million to help Trump and other Republican candidates and causes, Musk spent weeks on the campaign trail during the fourth quarter working to propel Trump back into the White House. After Trump’s election victory, Musk then spent considerable time far away from Tesla’s factory floor at Trump’s Mar-a-Lago resort in Florida.
One of the top-voted questions about Musk asked how much time he intends to spend “at the White House and on government activities vs time and effort dedicated to Tesla.”
Musk and Tesla didn’t immediately respond to a request for comment.
Musk has also involved himself in German politics, giving a full-throated endorsement of the country’s far-right, anti-immigrant party AfD (Alternative für Deutschland) in December ahead of the February election.
According to research and consulting firm Brand Finance, the value of Tesla’s brand fell by 26% last year, with factors including Musk’s “antagonism,” Tesla’s aging lineup of EVs and more. The researchers found that fewer consumers would recommend or consider buying a Tesla now than in previous years.
During public remarks following last week’s inauguration, Musk repeatedly used a gesture that was viewed by many historians and politicians as a Nazi salute. Ruth Ben-Ghiat, whose scholarship has focused on fascism, described it as “a Nazi salute and a very belligerent one,” while neo-Nazis praised Musk for his antics.
A shareholder on Say asked, “Will you apologize for the misunderstanding that occurred when you made the hand gesture thanking folks for their support. It would go a long way with your investors and the American public at large. Thanking you in advance Elon!”
In response to the criticism, Musk said anyone calling the salute a hateful gesture was pushing a “hoax.” But after that, he engaged in Nazi-themed word play on X, prompting the Anti-Defamation League to rebuke him, writing it is “inappropriate and offensive to make light” of the “singularly evil” Holocaust. And Musk later appeared via video at a rally for the AfD in Halle, Germany.
Some investors asked whether Tesla had “sales lost due to political activities of Elon,” how the company plans “to respond to Musk’s now infamous Nazi salute,” and how Tesla “is addressing the negative impacts of Elon’s public views and activities.”
But Tesla is under no obligation to bring any of these topics up on the earnings call. Ahead of the third-quarter call in October, investors had a lot of questions and concerns about similar issues regarding Musk’s involvement in politics, though that was before Trump’s election victory.
Trump was never mentioned on that call.
This post appeared first on NBC NEWS
Frontier Airlines said Wednesday it has again proposed merging with struggling rival Spirit Airlines, which is in bankruptcy.
Frontier and Spirit first announced a deal to merge in 2022, but a JetBlue Airways offer derailed that plan. JetBlue’s proposed acquisition of Spirit was blocked by a federal judge last year, and Spirit filed for bankruptcy protection in November.
Frontier said in a release that it has met with Spirit’s board and executives since it made its proposal this month. Frontier executives said in a email to counterparts at Spirit this week that their plan is better than Spirit’s own plan to emerge from bankruptcy.
“We continue to believe that under the current standalone plan, Spirit will emerge highly levered, losing money at the operating level, and this would not be a transaction we would pursue,” wrote Frontier Chairman Bill Franke and CEO Barry Biffle in a Tuesday email to Spirit Chairman Mac Gardner and CEO Ted Christie. “As a result, time is of the essence.”
Christie and Gardner told their Frontier counterparts that they were rejecting the deal, calling the terms “inadequate and unactionable,” according to a letter shared in a securities filing on Wednesday.
Spirit said it expects to exit Chapter 11 bankruptcy this quarter. It has cut costs recently, including by slashing some 200 jobs and selling some of its Airbus planes. The airline had also been particularly challenged by a Pratt & Whitney engine recall that grounded dozens of its jets.
Budget carriers like Frontier and Spirit have struggled post-pandemic, as costs like salaries have risen and consumers have opted for trips abroad on carriers with options for roomier and more expensive seats.
Both Frontier and Spirit have been working to upend their business models that were marked by low fares and fees for add-ons from seat assignments to cabin baggage.
The airlines last year did away with cancellation and change fees for some of their tickets and started bundling perks along with tickets. Frontier last year said it would start offering a premium section at the front of the plane.
This post appeared first on NBC NEWS