Jindalee Lithium (JLL:AU) has announced McDermitt Project Fast-Tracked Under U.S. FAST-41 Initiative
Download the PDF here.
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Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion.
The company announced Monday that it has signed a development agreement with Alsea, which operates Latin American and European locations of Starbucks, Domino’s Pizza and Burger King, among other chains.
After the initial restaurant opens in 2026, Chipotle plans to explore “additional expansion markets in the region,” which could mean broader Latin American development.
The deal to expand in Mexico comes as President Donald Trump wages a trade war with the country, straining the relationship between the two neighbors. Avocados from Mexico were originally subject to a 25% tariff until he paused new duties on goods compliant with the United States-Mexico-Canada Agreement. While Chipotle has diversified its avocado sourcing in recent years, it still imports about half of its avocados from Mexico.
In recent years, Chipotle has been trying to expand internationally, after decades focusing almost entirely on its U.S. business. The company operates 58 locations in Canada, 20 in the United Kingdom, six in France and two in Germany. Chipotle also currently has three restaurants in Kuwait and two in the United Arab Emirates through a deal with Alshaya Group.
Chipotle is betting that Mexico’s familiarity with its ingredients and appreciation for fresh food will win over consumers, according to a statement from Nate Lawton, Chipotle’s chief business development officer.
But U.S. interpretations of Mexican food don’t always resonate in the market; Yum Brands’ Taco Bell has twice attempted to expand into Mexico, but both efforts failed quickly.
This post appeared first on NBC NEWS
Trading is all about the odds. Trade when the odds are in your favor. Exercise patience and stand aside when the odds are NOT in your favor. Stocks are in a bear market with the vast majority of names (76%) trading below their 200-day SMAs. Clearly, the odds are NOT in our favor for equities and equity ETFs. Traders need to look elsewhere. Today’s report will highlight some non-equity leaders and analyze Bitcoin as it sets up.
TrendInvestorPro works with a ChartList that has 72 ETFs covering all sectors, the key industry groups, commodities, bonds and crypto. Note that this curated ChartList is available to TrendInvestorPro subscribers. The image below is sorted by the percentage above the 200-day SMA (blue shading) to show the top 20 performers. This simple performance overview reveals a lot. We are NOT in a bull market and alternative assets are attracting attention (gold, Bitcoin).
First, we see leadership from gold, silver, Bitcoin, and commodity-related ETFs. Second, only a handful of equity ETFs are trading above their 200-day SMAs. Third, these ETFs represent defensive groups (Consumer Staples Utilities, MLPs, Aerospace & Defense, Insurance). This is NOT the performance profile for a bull market. We are in a bear market and equities are not the place to be right now.
Improve your odds and stay on the right side of the market with the models and analysis at TrendInvestorPro. Our stock market model turned bearish in mid March, and remains bearish. Even with the big surge on April 9th, our thrust indicators fell well short of a signal because of weak follow through. We will continue to watch these models and focus on equity alternatives. Click here to get a bonus and learn more!
The Bitcoin ETF (IBIT) is in the leadership group and Bitcoin ($BTCUSD) is bouncing off its 270 day SMA. Where did 270 come from? A typical 200-day SMA covers a little less than 9 months of trading days, which exclude weekends and holidays. Bitcoin trades 24/7, weekends and holidays. Chartists, therefore, need an adjustment to get the ~9-month equivalent for Bitcoin. I chose 270.
The chart below shows Bitcoin ($BTCUSD) with a classic correction and setup in the making. Bitcoin gained over 100% from September to January and was entitled to a correction. Dow Theory teaches us that normal corrections retrace 33 to 67 percent of the prior advance. 50 percent is the base case. The chart shows the Fibonacci retracements with Bitcoin retracing 61.8% as it fell to 75000. Bitcoin also tested the rising 270-day SMA in March and April. A 61.8% retracement and return to the ~9-month SMA are normal for corrections (blue shading).
A falling wedge formed with Bitcoin establishing resistance at 88000 (pink line). Falling wedge patterns are also typical for corrections. More importantly, these patterns provide levels to watch for a trend reversal. Bitcoin is making its first breakout attempt with a move above the upper trendline. Further strength above 88000 would forge a higher high and argue for a new uptrend. I would then set a re-evaluation level at the 270-day SMA. A close below this moving average would suggest a failed breakout.
TrendInvestorPro keeps you on the right side.
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Finlay Minerals Ltd.( TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) announces that the Company has entered into two definitive earn-in agreements (the ‘Earn-In Agreements’) with Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport’), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the ‘Properties’) in the Toodoggone District of northern British Columbia.
Highlights
- Freeport may earn 80% of the PIL and ATTY Projects by expending $35 million in Exploration Expenditures and making Cash Payments of $4.1 million – (Refer to Table 1 below for further details);
- Finlay will act as the Operator during the Earn-In period; and
- Exploration Program planning is underway and will be announced shortly.
The earn-in in respect of each of the Properties may be exercised separately. Following the completion of the earn-in on either of the Properties, Freeport and Finlay will respectively hold interests of 80% and 20% in such Property, and a joint venture will be formed for further exploration and development. In the event that a party does not fund their portion of further joint venture programs, their interests in the joint venture will dilute. Any party that dilutes to below a 10% interest in the joint venture will exchange its joint venture interest for a net smelter returns (‘NSR‘) royalty of 1% on the applicable Property, which is subject to a 0.5% buyback for USD $2,000,000.
The earn-in requirements can be accelerated by Freeport at its discretion. During the earn-in period, Finlay will be the Operator on the Properties, collecting an operator’s fee, under the direction of a technical committee that will approve work programs and budgets during the earn-in period.
The PIL & ATTY Properties are each subject to a 3.0% NSR royalty held by Electrum Resource Corporation (‘Electrum’), a private company, the outstanding voting shares of which are held by Company directors: John A. Barakso and Ilona B. Lindsay. The Company has a current right to buy back ½ of the royalty (1.5%) on each property for an aggregate payment of $2,000,000 and $1,500,000 respectively. Finlay and Electrum have agreed that upon the exercise of the earn-in in respect of each Property by Freeport, the buy-back right will be amended to provide for a 2.0% buyback for each Property, in consideration for an increased buy-back payment to be sole-funded by Freeport without joint venture dilution to Finlay, and will be divided equally between Finlay and Electrum.
Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.
The Earn-In Agreements were executed and delivered on April 17, 2025 and are subject to approval of the TSX Venture Exchange. Finlay and Freeport are arms-length parties and no finders’ fees were incurred with these transactions.
About the PIL Property:
The 100% owned PIL Property covers 13,374 hectares of highly prospective ground in the prolific Toodoggone mining district of north-central British Columbia. The core PIL claims were staked over 30 years ago by the founders of the Company. Over the decades, numerous Cu-Au-Mo porphyry and porphyry-related Au-Ag epithermal targets have been identified at PIL. The identified targets are central to a broader 70 km porphyry corridor trend, which includes: Centerra Gold’s past producing Kemess South Cu-Au porphyry mine and Kemess Underground Cu-Au-Ag porphyry resource, Thesis Gold’s Lawyers-Ranch Au-Ag epithermal resource, and the newly discovered Amarc Resources and Freeport AuRORA Cu-Au-Ag porphyry. Readers are cautioned that mineralization on the foregoing regional properties is not necessarily indicative of mineralization on the PIL Property. The PIL Property is road accessible and permitted for the 2025 season. (Refer to Figure 2 Map.)
About the ATTY Property:
The 100% owned ATTY Property covers 3,875 hectares in the prolific Toodoggone mining district of north-central British Columbia. The ATTY Property adjoins Centerra Gold’s Kemess Project and Amarc Resources and Freeport’s JOY property. Several epithermal-style Ag ± Au ± Cu ± base-metal veins are exposed on the ATTY Property, and geochemical and geophysical work have outlined at least two promising porphyry targets, including the drill-ready KEM Target. The ATTY Property is road accessible and permitted for the 2025 season.
Qualified Person:
Wade Barnes, P. Geo. and Vice President, Exploration for Finlay and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.
About Finlay Minerals Ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits with four 100% owned properties in northern British Columbia: the PIL and ATTY properties in the Toodoggone, the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag Property (15,246 ha).
Finlay Minerals is advancing the PIL, ATTY, SAY and Silver Hope Properties that host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.
Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown
President, CEO & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties and the potential exercise of Freeport’s option to acquire an interest in the Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
Source
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Netflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its full-year outlook tells a slightly more nuanced story.
Netflix posted a big beat on operating margin for the first quarter, reporting 31.7% compared with the average estimate of 28.5%, according to StreetAccount. And it guided well above analyst estimates for the second quarter — 33.3% against an average estimate of 30%.
By its own phrasing, Netflix was “ahead” of its own guidance for the first quarter and is “tracking above the mid-point of our 2025 revenue guidance range.”
Still, Netflix declined to alter any of its longer-term projections. That suggests Netflix isn’t quite as confident in its second half.
“There’s been no material change to our overall business outlook since our last earnings report,” Netflix wrote in its quarterly note to shareholders.
U.S. consumer sentiment is at its second-lowest level since 1952 as President Donald Trump’s new tariff policies roil markets.
Co-CEO Greg Peters noted during the company’s earnings conference call that Netflix has, in the past, “been generally quite resilient” to economic slowdowns. Home entertainment provides a cheaper form of leisure than most other activities. A monthly Netflix subscription with ads costs $7.99.
But the question remains how — or whether — an economic slowdown would pinch Americans’ wallets and force higher churn among streaming subscriptions.
Netflix stopped reporting quarterly subscriber numbers this quarter, so the company will likely not detail if it sees a customer slowdown later this year beyond reporting its underlying revenue and profit.
First-quarter revenue of $10.5 billion was roughly in line with analyst expectations, while second-quarter guidance of $11 billion is slightly above.
“Retention, that’s stable and strong. We haven’t seen anything significant in plan mix or plan take rate,” said Peters. “Things generally look stable.”
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Nintendo on Friday announced that retail preorder for its Nintendo Switch 2 gaming system will begin on April 24 starting at $449.99.
Preorders for the hotly anticipated console were initially slated for April 9, but Nintendo delayed the date to assess the impact of the far-reaching, aggressive “reciprocal” tariffs that President Donald Trump announced earlier this month.
Most electronics companies, including Nintendo, manufacture their products in Asia. Nintendo’s Switch 1 consoles were made in China and Vietnam, Reuters reported in 2019. Trump has imposed a 145% tariff rate on China and a 10% rate on Vietnam. The latter is down from 46%, after he instituted a 90-day pause to allow for negotiations.
Nintendo said Friday that the Switch 2 will cost $449.99 in the U.S., which is the same price the company first announced on April 2.
“We apologize for the retail pre-order delay, and hope this reduces some of the uncertainty our consumers may be experiencing,” Nintendo said in a statement. “We thank our customers for their patience, and we share their excitement to experience Nintendo Switch 2 starting June 5, 2025.”
The Nintendo Switch 2 and “Mario Kart World″ bundle will cost $499.99, the digital version “Mario Kart World” will cost $79.99 and the digital version of “Donkey Kong Bananza” will cost $69.99, Nintendo said. All of those prices remain unchanged from the company’s initial announcement.
However, accessories for the Nintendo Switch 2 will “experience price adjustments,” the company said, and other future changes in costs are possible for “any Nintendo product.”
It will cost gamers $10 more to by the dock set, $1 more to buy the controller strap and $5 more to buy most other accessories, for instance.
Retailer Best Buy said Friday that it will also begin accepting preorders for the Nintendo Switch 2 console, games and accessories on April 24.
The company said that for the first time in six years, most of its stores will open at midnight for the official launch day, June 5, so that customers can “get their hands on their new Switch 2 immediately.”
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Russian President Vladimir Putin has announced a temporary Easter ceasefire in his country’s war with Ukraine, the Kremlin said Saturday.
The war has raged for more than three years and cost the lives of tens of thousands of people on both sides.
‘Guided by humanitarian considerations, today from 18:00 to 00:00 from Sunday to Monday, the Russian side declares an Easter truce,’’ Putin said in a video posted by the Russian ministry of Foreign Affairs.
‘I order that all military actions be stopped for this period.’
In the video, Putin is joined by Chief of the General Staff Valery Gerasimov.
The move appeared to be scoffed at by Ukrainian President Volodymyr Zelenskyy who said shortly after the announcement that air raid alerts were ringing out across Ukraine.
‘As for yet another attempt by Putin to play with human lives—at this moment, air raid alerts are spreading across Ukraine,’ Zelenskyy wrote on X while giving an update on troop positions. It wasn’t entirely clear of he was addressing the truce.
‘At 17:15, Russian attack drones were detected in our skies. Ukrainian air defense and aviation have already begun working to protect us. Shahed drones in our skies reveal Putin’s true attitude toward Easter and toward human life.’
Zelenskyy wrote that Ukrainian forces were battling in the Kursk region and holding their positions.
‘In the Belgorod region, our warriors have advanced and expanded our zone of control,’ he wrote.
Russia’s Defense Ministry, however, said its forces pushed Ukrainian troops from one of their last remaining footholds in Russia’s Kursk region, where Ukrainian troops staged a surprise incursion last year.
The temporary ceasefire comes after President Donald Trump on Thursday said an 80-page minerals deal will be signed with Ukraine in one week. Treasury Secretary Scott Bessent later amended that it would likely be signed on April 26.
Details on the agreement still remain relatively unknown, though recent reporting by Bloomberg has suggested the U.S. has eased back its demands of repayment for its aid in Ukraine’s fight against Russia from $300 billion to $100 billion.
On Friday, Trump said the U.S. will ‘just take a pass’ at peace efforts for Ukraine if Russian President Vladimir Putin refuses to agree to ceasefire terms.
‘If for some reason, one of the two parties makes it very difficult, we’re just going to say ‘you’re foolish, you’re fools, you’re horrible people,’ and we’re going to just take a pass,’ Trump told reporters. ‘But hopefully we won’t have to do that.’
Fox News’ Caitlin McFall and The Associated Press contributed to this report.
This post appeared first on FOX NEWS
Antisemitism in Canada has exploded in the aftermath of Hamas’ Oct. 7, 2023, massacre, reaching record numbers last year and becoming a central issue for the country’s Jewish community ahead of an April 28 federal election.
Last week, Conservative Party leader Pierre Poilievre, the main challenger to Prime Minister Mark Carney accused pro-Hamas protesters of staging ‘hate marches’ and vowing to deport antisemitic foreigners from Canada.
‘The rampaging chaos that we see in our streets, the targeting of synagogues and Jewish schools with hate, vandalism, violence, fire bombings … these things were unheard of 10 years ago,’ Poilievre said.
He also had a warning for foreign agitators. ‘Anyone who is here on a visitor visa who carries out lawbreaking will be deported from this country,’ Poilievre said.
‘To Canada’s Jewish community,’ Poilievre added, ‘you are not alone, you have friends. Canadians stand with you. You have the right to wear your Star of David, your kippah, and have your mezuzah on your door. You should feel proud to be Jewish and should never have to hide your Jewishness in order to stay safe.’
On Friday, Poilievre shared on X the Montreal Jewish Community Council’s call for Jewish voters to endorse him. In the video, the group’s executive director, Rabbi Saul Emanuel, referencing Poilievre’s support for the community, stated, ‘We remember who stood with us when it mattered most, and now we can all make a difference.’
Emanuel noted that Jewish voters could play a decisive role in as many as 14 districts in Canada. ‘Our vote matters, our voice matters. That’s why I am proud to support Pierre Poilievre and I urge you to do the same,’ he said.
Carney has also used social media to condemn antisemitism. In a tweet wishing Jewish Canadians a happy Passover, he condemned the growing incidents, stating in part, ‘Together, we must confront and denounce the rising tide of antisemitism, and the threat it poses to Jewish life and safety in communities across Canada.’
Yet despite his strong words against antisemitism, Carney recently faced criticism following a campaign rally in Calgary, where someone yelled at the Liberal Party leader, ‘There’s a genocide happening in Palestine.’
‘I’m aware,’ Carney replied. ‘That’s why we have an arms embargo [on Israel].’
The next day, Carney, who in March replaced longtime Premier Justin Trudeau, claimed he had not heard the anti-Israel demonstrator correctly.
His backtracking did not stop Israeli Prime Minister Benjamin Netanyahu from entering the fray. He posted on X that ‘Canada has always sided with civilization. So should Mr. Carney.
‘But instead of supporting Israel, a democracy that is fighting a just war with just means against the barbarians of Hamas, he attacks the one and only Jewish state,’ Netanyahu posted.
According to an annual audit released this month by B’nai Brith Canada, the total number of reported cases of Jew hatred in the country hit 6,219 in 2024, a 7.4% increase over 2023 and the highest number since the survey’s inception in 1982.
Antisemitic incidents in Canada have skyrocketed by 124.6% since 2022.
‘Over the last 18 months, a new baseline has been established for antisemitism in Canada, and it’s having a detrimental effect on the lives of Jewish people,’ Richard Robertson, director of research and advocacy at B’nai Brith Canada, told Fox News Digital. ‘We are seeing an increase in certain forms of antisemitism, specifically anti-Zionism.’
Irwin Cotler, a former justice minister and attorney general of Canada for the Liberal Party, told Fox News Digital ‘antisemitism has become mainstream, normalized and legitimized in the political, popular, academic, media, entertainment and sport cultures. All this happened in the absence of outrage,’ he said.
‘I hope that whichever party gets elected, we will see deliverables in combating specific hate crime, hate speech, harassment, assault, vandalism and all the things you find reported in the [B’nai Brith] annual report. From my experience, even those statistics are not telling the true story. They are underreported.’
‘The community of democracies must act because the security of our collective freedom is at stake,’ Cotler warned.
Israeli Ambassador to Canada Iddo Moed told Fox News Digital many local Jews ‘feel vulnerable, unsafe and unprotected by law enforcement bodies, governments and education systems that have stood by as antisemitism reached crisis levels.’
He noted that Israel, the homeland of the Jewish people, is obligated to act when Jews in the Diaspora are in distress.
‘Equipping teachers with the resources to teach about antisemitism and the Holocaust is essential to ensure future generations understand the dangers of hatred and continue to embrace peace, tolerance and equality,’ he added.
The antisemitism survey highlighted numerous incidents, ranging from Quebec daily La Presse publishing a cartoon depicting Netanyahu as Nosferatu, a vampire associated with Jews in Nazi-era propaganda and a pro-Hamas protester at the University of Toronto shouting at a Jewish student that Hitler should have ‘murdered all of you.’
In May, an arsonist ignited a fire at the entrance to the Schara Tzedeck Synagogue in Vancouver as prayers concluded. The same month, shots were fired at the Bais Chaya Mushka girls’ school in Toronto, and the school has since been targeted twice more by gunfire. In August, a bomb threat affected Jewish institutions across the country. In December, a firebomb struck Congregation Beth Tikvah in Montreal, the second such attack since Oct. 7, 2023.
Thereafter, Israeli President Isaac Herzog called on the Canadian government to take action to ‘stamp out’ antisemitism.
‘The world must wake up. Words are not enough. Synagogues burned. Jews attacked. Never again is now,’ he said, employing the adage stressing a commitment to preventing another Holocaust.
Anthony Housefather is the MP in the House of Commons for Mount Royal, an area with a large Jewish population held by the Liberals since 1940 being viewed as a bellwether for where the community stands.
‘The alarming numbers [of antisemitic incidents] make it clear as to why every level of government in the country needs to work together to implement all the recommendations set out in the justice committee report of last December and the commitments made at the national summit on antisemitism in March,’ Housefather told Fox News Digital.
Trudeau, who was widely panned for failing to adequately address the groundswell of antisemitism, had announced the summit within hours of Herzog’s condemnation.
Neil Oberman, the Conservative Party candidate running against Housefather, told Fox News Digital that in Mount Royal ‘personal safety and security have become serious issues.
‘It’s a stark reminder of the urgent need for a federal government consisting of adults implementing actions instead of putting together summits and position papers and blaming everybody else to combat hate and protect vulnerable communities,’ Oberman said.
This post appeared first on FOX NEWS
Finlay Minerals Ltd.( TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) announces that the Company has entered into two definitive earn-in agreements (the ‘Earn-In Agreements’) with Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport’), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the ‘Properties’) in the Toodoggone District of northern British Columbia.
Highlights
- Freeport may earn 80% of the PIL and ATTY Projects by expending $35 million in Exploration Expenditures and making Cash Payments of $4.1 million – (Refer to Table 1 below for further details);
- Finlay will act as the Operator during the Earn-In period; and
- Exploration Program planning is underway and will be announced shortly.
The earn-in in respect of each of the Properties may be exercised separately. Following the completion of the earn-in on either of the Properties, Freeport and Finlay will respectively hold interests of 80% and 20% in such Property, and a joint venture will be formed for further exploration and development. In the event that a party does not fund their portion of further joint venture programs, their interests in the joint venture will dilute. Any party that dilutes to below a 10% interest in the joint venture will exchange its joint venture interest for a net smelter returns (‘NSR‘) royalty of 1% on the applicable Property, which is subject to a 0.5% buyback for USD $2,000,000.
The earn-in requirements can be accelerated by Freeport at its discretion. During the earn-in period, Finlay will be the Operator on the Properties, collecting an operator’s fee, under the direction of a technical committee that will approve work programs and budgets during the earn-in period.
The PIL & ATTY Properties are each subject to a 3.0% NSR royalty held by Electrum Resource Corporation (‘Electrum’), a private company, the outstanding voting shares of which are held by Company directors: John A. Barakso and Ilona B. Lindsay. The Company has a current right to buy back ½ of the royalty (1.5%) on each property for an aggregate payment of $2,000,000 and $1,500,000 respectively. Finlay and Electrum have agreed that upon the exercise of the earn-in in respect of each Property by Freeport, the buy-back right will be amended to provide for a 2.0% buyback for each Property, in consideration for an increased buy-back payment to be sole-funded by Freeport without joint venture dilution to Finlay, and will be divided equally between Finlay and Electrum.
Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.
The Earn-In Agreements were executed and delivered on April 17, 2025 and are subject to approval of the TSX Venture Exchange. Finlay and Freeport are arms-length parties and no finders’ fees were incurred with these transactions.
About the PIL Property:
The 100% owned PIL Property covers 13,374 hectares of highly prospective ground in the prolific Toodoggone mining district of north-central British Columbia. The core PIL claims were staked over 30 years ago by the founders of the Company. Over the decades, numerous Cu-Au-Mo porphyry and porphyry-related Au-Ag epithermal targets have been identified at PIL. The identified targets are central to a broader 70 km porphyry corridor trend, which includes: Centerra Gold’s past producing Kemess South Cu-Au porphyry mine and Kemess Underground Cu-Au-Ag porphyry resource, Thesis Gold’s Lawyers-Ranch Au-Ag epithermal resource, and the newly discovered Amarc Resources and Freeport AuRORA Cu-Au-Ag porphyry. Readers are cautioned that mineralization on the foregoing regional properties is not necessarily indicative of mineralization on the PIL Property. The PIL Property is road accessible and permitted for the 2025 season. (Refer to Figure 2 Map.)
About the ATTY Property:
The 100% owned ATTY Property covers 3,875 hectares in the prolific Toodoggone mining district of north-central British Columbia. The ATTY Property adjoins Centerra Gold’s Kemess Project and Amarc Resources and Freeport’s JOY property. Several epithermal-style Ag ± Au ± Cu ± base-metal veins are exposed on the ATTY Property, and geochemical and geophysical work have outlined at least two promising porphyry targets, including the drill-ready KEM Target. The ATTY Property is road accessible and permitted for the 2025 season.
Qualified Person:
Wade Barnes, P. Geo. and Vice President, Exploration for Finlay and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.
About Finlay Minerals Ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits with four 100% owned properties in northern British Columbia: the PIL and ATTY properties in the Toodoggone, the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag Property (15,246 ha).
Finlay Minerals is advancing the PIL, ATTY, SAY and Silver Hope Properties that host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.
Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown
President, CEO & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties and the potential exercise of Freeport’s option to acquire an interest in the Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
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Capital One Financial’s application to acquire Discover Financial Services in a $35.3 billion all-stock deal has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency, the regulators announced on Friday.
“The Board evaluated the application under the statutory factors it is required to consider, including the financial and managerial resources of the companies, the convenience and needs of the communities to be served by the combined organization, and the competitive and financial stability impacts of the proposal,” the Fed said in a release.
Capital One first announced it had entered into a definitive agreement to acquire Discover in February 2024. It will also indirectly acquire Discover Bank through the transaction, which was approved by the Office of the Comptroller of the Currency on Friday.
Under the agreement, Discover shareholders will receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s closing price of $110.49 at the time, Capital One said in a release.
Capital One and Discover are among the largest credit card issuers in the U.S., and the merger will expand Capital One’s deposit base and its credit card offerings.
As a condition of the merger, Capital One said it will comply with the Fed’s action against Discover, according to the release. The Fed fined Discover $100 million for overcharging certain interchange fees from 2007 through 2023, and the company is repaying those fees to affected customers.
The OCC said it approved Capital One’s application on the condition that it would take “corrective actions” to remediate harm and address the “root causes” of outstanding enforcement actions against Discover.
After the deal closes, Capital One shareholders will hold 60% of the combined company, while Discover shareholders own 40%, according to the February 2024 release.
In a joint statement, Capital One and Discover said they expect to close the deal on May 18.
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