Carbonxt Group (CG1:AU) has announced Carbonxt Completes Share Purchase Plan
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Christopher Aaron, founder of iGoldAdvisor and Elite Private Placements, discusses a key signal from the Dow-to-gold ratio, saying a multi-decade trend in favor of stocks has been broken.
This is only the fourth time this situation has played out in the last 125 years.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Celsius Resources Limited (“Celsius” or “CLA”) (ASX, AIM: CLA) is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc. (“MMCI” or the “Company”), has received formal confirmation from the Philippine Department of Environment and Natural Resources (“DENR”) that it has satisfied the final financial compliance requirement under its Mineral Production Sharing Agreement for the Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or the “Project”)1.
HIGHLIGHTS
- The Philippine Department of Environment and Natural Resources (DENR has formally accepted the binding term sheet which outlines the key terms of a bridge loan facility between Maharlika Investment Corporation (MIC) and Makilala Mining Company, Inc. (MMCI) as sufficient proof of financial capability.
- This confirmation marks MMCI’s full compliance with the remaining provisional requirements of the Mineral Production Sharing Agreement (MPSA) for the MCB Copper-Gold Project, locking the MPSA for a full 25 years, renewable for another 25.
This follows the DENR’s acceptance of the binding term sheet which outlines the key terms of a bridge loan facility of up to USD76.4 million, executed between MMCI and Maharlika Investment Corporation (“MIC”), a government-owned and controlled corporation, in February 20252 (“Binding Term Sheet”). The Binding Term Sheet was evaluated and endorsed by the Mines and Geosciences Bureau (“MGB”) which noted that:
- The Binding Term Sheet provides a structured and credible financial mechanism for MMCI’s mining operations; and
- The involvement of MIC significantly enhances MMCI’s financial standing and credibility, offering strong assurance of continued support.
MMCI is expected to submit all related and forthcoming financial documents to the DENR and MGB and to update its Three-Year Development/Utilisation Work Program accordingly, in line with the terms of the MPSA and DENR Administrative Order No. 2010-213.
Celsius Executive Chairman Atty. Julito R. Sarmiento, said:
“We are extremely pleased to have achieved this important regulatory milestone for the MCB Project. The acceptance of the Binding Term Sheet by the DENR and the MGB is not only a testament to MMCI’s commitment to responsible and well-funded development, but also reflects the strong support and credibility provided by our partnership with Maharlika Investment Corporation.
On behalf of CLA and MMCI’s management and staff, again, I would like to extend my heartfelt gratitude to MIC for their confidence and catalytic funding support to the Project, and to the DENR and MGB for their professionalism and guidance throughout the compliance process.
We remain committed to ensuring that the MCB project delivers lasting and sustainable economic benefits to our host communities, particularly in Balatoc, the Municipality of Pasil, and the Province of Kalinga, as well as meaningful contributions to national development, all while upholding environmental stewardship and shared prosperity.
Now that we have fulfilled our compliance with the conditions of the Mineral Production Sharing Agreement, we are in a strong position to proceed with mine development and construction. We remain steadfast on our commitment to sustainable development by balancing resource efficiency with environmental stewardship and social responsibility.”
MIC and MMCI will now proceed with signing the Omnibus Loan and Security Agreements (“Agreements”) reflecting the terms of the Binding Term Sheet signed with MIC in February 2025.
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The first quarter of 2025 proved challenging for the cryptocurrency market.
Bitcoin, the bellwether of the sector world, suffered its worst first quarter performance in seven years, characterized by significant volatility and a prevailing downward trend. The top cryptocurrency’s lackluster movement was similar to price activity seen from other major coins, such as Ethereum, which also recorded substantial losses.
However, Q1 began with optimism following the results of the US presidential election.
President Donald Trump’s anticipated crypto-friendly policies initially boosted sentiment, and Bitcoin rose to its current all-time high of US$108,786 on January 20, the day he was inaugurated.
Crypto positivity was also reflected in options trading, where open interest outpaced the Bitcoin spot price.
Total Bitcoin options open interest vs. the Bitcoin price, January 2 to March 31, 2025.
Chart via Coinglass.
However, low volume provided insufficient support for high prices, foreshadowing the volatility to come.
Q1 data from Coinglass shows that Bitcoin fell 11.82 percent and Ethereum dropped 45.41 percent for the period, with February seeing the largest losses at 17.39 percent for Bitcoin and 31.95 percent for Ethereum.
Bitcoin’s price at the end of the Q1 was around US$80,000, while Ethereum — which has struggled to retake US$2,000 after dipping below that threshold mid-March — closed at around US$1,800.
Proposed economic policies, an impending trade war and poor economic data have acted as major catalysts, resulting in a turn from risky assets like crypto and tech stocks toward traditional safe havens like bonds and gold.
Institutional momentum, Stablecoin growth signal crypto’s next chapter
Despite market fluctuations, some areas of the crypto sector experienced notable growth and development in Q1.
Speaking at Benzinga’s Fintech & FODA Event in December 2024, Venable partner Chris O’Brien said that Sam Bankman-Fried’s conviction marked the end of an initial highly speculative phase for cryptocurrencies.
While cryptocurrencies and blockchain technology will persist, their future hinges on moving beyond mere speculation and focusing on practical applications that address real-world problems.
A defining feature, identified early in the quarter by Bitwise’s Matthew Hougan, is the continued and increasing involvement of institutional players in the crypto market. This trend manifested in strategic investments from companies like Strategy (NASDAQ:MSTR) and BlackRock, both of which accumulated substantial portions of Bitcoin’s supply in Q1.
Major banks like BNY Mellon, which have incorporated cryptocurrency services to allow transactions between certain clients using Circle’s USDC, also began expanding their crypto services.
Earlier this year, Bank of America (NYSE:BAC) CEO Brian Moynihan told CNBC’s Andrew Ross Sorkin that the US banking industry is eager to integrate crypto into traditional banking if — or, more likely, when — regulation allows for it.
Alongside institutional interest, stablecoins saw significant growth in Q1. The total market cap for stablecoins surged past US$200 billion, outpacing Bitcoin’s price trajectory for the period.
Total stablecoin market cap vs. the Bitcoin price, Q1 2025.
Chart via Coinglass.
A key crossover occurred in February after the US announced tariffs targeting Canada and Mexico. The move resulted in a downturn in both cryptocurrencies and traditional markets.
Amid these developments, lawmakers turned their focus to passing stablecoin legislation, specifically Senator Bill Hagerty’s (R-Tenn.) GENIUS Act, which is currently awaiting a full House vote. Kristin Smith, CEO of the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit in New York that lawmakers are on pace to pass legislation establishing rules for stablecoins and cryptocurrency market structure by August.
Divestitures into altcoins continued from Q4 2024, although momentum slowed comparatively, a shift exacerbated by speculative meme coin trading and the controversies surrounding projects like TRUMP, MELANIA and LIBRA.
Bitcoin retook its dominant position, but notable interest in SOL and XRP remained, as multiple firms sought to offer spot ETFs; their approval is all but guaranteed by former US Securities and Exchange Commission (SEC) Chair Gary Gensler’s exit. Applications have also been filed to offer ETFs tracking SUI, AVA and DOGE.
Ethereum’s Q1 presented a complex picture, marked by both progress and setbacks.
The network increased its gas limit to enhance throughput and enable complex DeFi applications; however, competition from other blockchains — particularly Solana — caused it to underperform. Additionally, the upcoming Pectra upgrade ran into testing issues on the Holesky and Sepolia testnets, causing delays.
Declining network activity contributed to price suppression, but the tripling in total value for BlackRock’s BUIDL fund in the weeks leading up to the end of Q2 signaled continued confidence in Ethereum’s long-term potential and a broader trend toward tokenization, mirrored in the growth of the real-world asset (RWA) market.
The market cap of RWAs grew by approximately US$5 billion in Q1 to reach almost US$20 billion as tokenization was applied to diverse assets and expanded across various blockchains.
Trump admin takes positive crypto steps
Q1 brought various developments in cryptocurrency regulation and policy in the US.
After taking office, Trump signed an executive order establishing the President’s Working Group on Digital Asset Markets to establish criteria for a national stockpile of digital assets and develop a dollar-backed stablecoin; meanwhile, working groups in both chambers of Congress have focused on developing regulatory frameworks for digital assets.
While key aspects of regulation are still under negotiation, lawmakers and regulators signaled a more collaborative approach to cryptocurrencies under the Trump administration in Q1. The SEC dropped several longstanding cases against crypto exchange facilitators, formed a crypto-focused taskforce led by Commissioner Hester Peirce and repealed SAB 121, allowing banks to hold crypto for their customers without assets to balance liabilities.
Industry leaders also convened at the White House on March 7 for the inaugural Digital Asset Summit, a federal initiative aimed at gathering feedback on proposed regulations for the cryptocurrency sector.
Ahead of the summit, Trump signed an executive order to establish a Bitcoin reserve of around 200,000 Bitcoin (BTC). The US government currently holds 213,246 BTC. Bills that would allow the US government to acquire and hold Bitcoin in reserve have been introduced in both the House of Representatives and the Senate.The executive order also established a separate reserve for altcoins, although some industry analysts have questioned this strategy.
Transform Ventures CEO and Bitcoin Supercycle author Michael Terpin argued against holding anything other than Bitcoin, the only truly decentralized and consistently performing digital asset.
He likened adding other cryptos to adding stocks to traditional reserves.
State-level initiatives to establish Bitcoin reserves in Arizona, Oklahoma, Texas and Utah also advanced alongside similar measures to allow pension fund investments in digital assets in North Carolina and other states.
Volatility, manipulation, hacks create crypto headwinds
The first quarter of the year was marked by market volatility and corrections, with both Bitcoin and altcoins experiencing significant price swings that were not only driven by typical market data, but were also heavily influenced by current events, evolving policies and even speculative social media trends.
Another challenge for the crypto market was opposition to proposed legislation in the US; insider trading and market manipulation concerns also arose, particularly around meme coin launches.
Suspiciously timed trades occurred before Trump’s strategic crypto reserve executive order: a large deposit was made to Hyperliquid, followed by highly leveraged trades on Bitcoin and Ethereum, resulting in profits exceeding US$6.8 million. This led many, including a prominent crypto analyst, to believe it was a case of insider trading.
Analysis by Material Indicators on March 20 also identifies a manipulatory device known as spoofing by one or more whales, which it cites as a reason for Bitcoin’s failure to sustain a rally past US$87,500 in March.
Despite efforts to improve regulation and security, the crypto industry continues to grapple with hacking incidents as well. A major hack of the Bybit exchange on February 23 led to losses of US$195 million, although the firm managed to fully replenish its reserves within 72 hours thanks to a mix of loans and large deposits from other industry players.
Glassnode Insights analysts said the correction following the hack and subsequent US$5.7 billion withdrawal from user wallets pushed Bitcoin’s monthly performance down by 13.6 percent. Altcoins and meme coins suffered even steeper losses, resetting market momentum to April 2024 levels.
2025 Bitcoin price predictions
Moderate Bitcoin growth and price appreciation are expected in mid- to late 2025, tied to stablecoin and DeFi growth.
Bitcoin price performance post-halving.
Chart via IntoTheBlock.
Price targets for Bitcoin this year vary. Network economist Timothy Peterson has predicted that Bitcoin could peak around US$126,000 in the latter half of 2025. A meta-analysis of Polymarket estimates posted by X user Ashwin on March 26 identifies a bull target price of US$138,617 and a bear price of US$59,040.
The potential for a supply shock due to diminishing Bitcoin reserves on exchanges could fuel a rally. Factors like a weakening US dollar and an end quantitative tightening from the US Federal Reserve are seen as positive catalysts. Historical data shows April is often a turning point for the market.
Stablecoins and RWAs are expected to continue their role in the convergence of DeFi with traditional finance. Furthermore, initiatives like the Digital Chamber’s US Blockchain Roadmap, which proposes BitBonds (Bitcoin-backed US Treasuries), could revitalize debt markets and attract global capital.
Key industry figures like Galaxy Digital’s Mike Novogratz and 10T Holdings’ Dan Tapiero, anticipate new crypto companies listing on major exchanges like the NYSE and Nasdaq in the second quarter. This sentiment is supported by reports of initial public offering filings from companies like eToro, Circle, Gemini, Bullish and BitGo.
However, this positive outlook is set against a turbulent economic backdrop, including a possible slowdown in US growth and uncertainty around inflation and trade policies, which could influence sentiment and capital flows.
Speaking virtually at the Digital Asset Summit in New York on March 18, Cathie Wood, CEO of ARK Invest, expressed concerns about a potential recession, citing a significant slowdown in the velocity of money.
“I think what’s happening, though, is that if we do have a recession, declining GDP, that this is going to give the president and the Fed many more degrees of freedom to do what they want in terms of tax cuts and monetary policy,” she said.
However, Wood also said she believes that ‘long-term innovation wins,’ despite the recent market correction, describing crypto assets as a pillar of ARK’s investment approach.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Trigg Minerals (TMG:AU) has announced ANTIMONY EXEMPT FROM US TARIFF POLICY
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Tech stocks led a week-long decline as US President Donald Trump’s global retaliatory tariffs were announced on Wednesday (April 2).
The announcement led to a market-wide sell-off that erased over US$6 trillion in market value and drove the Nasdaq Composite (INDEXNASDAQ:.IXIC) into a confirmed bear market.
This week’s pullback was the worst day in the stock market since the early days of the COVID-19 pandemic in March 2020.
New developments may arise unexpectedly as this situation unfolds.
1. Agility Robotics secures US$400 million
On Tuesday (April 1), the Information reported on a US$400 million funding round led by private equity firm WP Global for humanoid robot maker Agility Robotics.
The report cites an individual who claims to have seen the term sheet, noting that the new funding will give Agility Robotics, whose CEO is former Microsoft (NASADQ:MSFT) executive Peggy Johnson, a valuation of US$1.75 billion.
Prior to the report, the company unveiled advancements to its Digit robotic system on Monday (March 31), including extended battery, more efficient power usage, autonomous docking for charging, enhanced safety features and new, robust limbs and end effectors. The company says these structural changes will allow for a wider range of grasping angles and expanded manipulation capabilities.
Digit’s target applications include warehouse automation and last-mile delivery.
2. OpenAI finalizes US$40 billion funding in record-breaking deal
OpenAI finalized a US$40 billion funding deal on Monday, closing the largest private tech deal ever recorded.
The company received US$40 billion from SoftBank (3AG1.BE) and US$10 billion from a syndicate of additional investors that included long-time major investor Microsoft. This round increased OpenAI’s valuation to US$300 billion.
OpenAI will initially receive US$10 billion, with the remainder to be paid out by the end of the year. Anonymous sources for CNBC note that US$18 billion is reserved for the company’s US$500 billion Stargate project commitment.
The funding may also be reduced to US$30 billion if OpenAI doesn’t restructure into a for-profit entity by December 31, 2025. Restructuring would require approval by Microsoft and California’s AG.
In an announcement, OpenAI said it would deploy the funds to “push the frontiers of AI research even further, scale our compute infrastructure, and deliver increasingly powerful tools.’
Meanwhile, in a subsequently released report from Bloomberg, Japan Credit Rating Agency and S&P Global Ratings lowered their ratings for SoftBank as the company sought a bridge loan of up to US$16.5 billion to help fund its US AI investment commitments, according to sources who claim to know of early-stage discussions the company has had with lenders.
3. TikTok deal deadline extended amid negotiations
Earlier this week, the Information reported on a proposal from the Trump administration that would form a US-based TikTok subsidiary called TikTok America in an attempt to prevent a national ban of the popular social media app.
According to reports, the deal would see new US investors take a 50 percent stake in the company, licensing the algorithm from ByteDance, which would retain a 19 percent stake. Additional current investors would own about one-third.
The deal would put ByteDance in compliance with the Protecting Americans from Foreign Adversary Controlled Applications Act, which came into effect in January 2025. The law states that TikTok must be divested in a way that it is no longer considered to be controlled by a foreign adversary.
However, according to a Friday (April 4) Bloomberg report, representatives for ByteDance told the administration that the deal was off until Chinese officials could negotiate tariffs — which reached as high as 54 percent on several Chinese imports — announced by the Trump administration on Wednesday.
On Friday, Trump said he would extend the deadline to reach a deal by another 75 days.
“China has always respected and protected the legitimate rights and interests of enterprises and opposed practices that violate the basic principles of the market economy and harm the legitimate interests of enterprises,” spokesperson Liu Pengyu said. “China’s opposition to the imposition of additional tariffs has always been consistent and clear.”
4. Meta reportedly making billion-dollar data center investment
An anonymous source for Bloomberg claims that Meta Platforms (NASDAQ:META) is the unnamed company named in a previously reported US$837 million deal to develop a data center in Wisconsin.
According to the source, Meta will invest up to US$1 billion to build the center in Wisconsin, which offers an incentive deal to companies meeting investment thresholds across different counties.
Meta already has data centers in Iowa and Illinois and previously announced plans to build one in Louisiana.
During the company’s fourth quarter earnings call in January, CEO Mark Zuckerberg said his company intends to invest up to US$65 billion in AI infrastructure this year.
5. Microsoft announces personalized Copilot features
During an event commemorating Microsoft’s 50th anniversary, the company announced upcoming changes to its Copilot digital assistant that will allow users to tailor it to their own needs.
“You can now let Copilot live up to its name,” Mustafa Suleyman, who leads Microsoft’s consumer AI work, said during the event, which was held at its headquarters in Redmond, Washington.
Microsoft says users will have the ability to choose information Copilot can retain, such as preferences or past life events. Copilot will then be able to recall that information in future conversations. Users also have the option to opt out of personalization. The new features will roll out in the coming months.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (‘Riverside’ or the ‘Company’), is pleased to announce that the Supreme Court of British Columbia has granted the final order on April 3, 2025 in connection with the previously announced plan of arrangement (the ‘Arrangement’) under the Business Corporations Act (British Columbia) involving the spin-out of its equity interest in its subsidiary Blue Jay Gold Corp. (‘Blue Jay’).
The transaction remains subject to final approval by the TSX Venture Exchange and is expected to be completed in the second quarter of 2025 upon completion of all required filings and approvals.
The common shares in the capital of Blue Jay are expected to be listed on the TSXV following completion of the Arrangement. Additional details about the Arrangement are included in the Company’s management information circular dated February 18, 2025, available on Riverside’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at www.rivres.com.
About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
For additional information contact:
| John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com |
Eric Negraeff Investor Relations Riverside Resources Inc. Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com |
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., ‘expect’,’ estimates’, ‘intends’, ‘anticipates’, ‘believes’, ‘plans’). Such information involves known and unknown risks – including receipt of all required regulatory approvals with respect to the Arrangement and the listing of the shares of Blue Jay, the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247318
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Not for distribution to United States Newswire Services or for dissemination in the United States
Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce the completion of its previously announced non-brokered private placement (the ‘Private Placement’), raising gross proceeds from the fourth tranche of $1,800,000 through the issuance of 3,600,000 (the ‘Units’) at a price of $0.50 per Unit. The Company issued an aggregate of (i) 18,538,400 Units and (ii) 929,192 flow-through units of the Company (the ‘FT Units’) at a price of $0.57 each, for aggregate gross proceeds to the Company of approximately $9.8 million under the Private Placement.
‘We are extremely grateful for the strong support from our existing and new shareholders, which allowed us to upsize this private placement from $3 million to $9.8 million’ Commented Gary R. Thompson, CEO ‘This level of support reflects the confidence in our projects and growth potential. With these funds, we are well-positioned to carry out an exciting and productive year of exploration and development at our Red Mountain Project in Alaska.’
Each Unit consists of one common share in the capital of the Company (the ‘Common Share‘) and one-half of one Common Share purchase warrant (with each full warrant being a ‘Warrant‘). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.75 within 36 months following issuance.
In connection with the final closing, the Company paid aggregate finders’ fees of $51,940 in cash, representing 7% of the aggregate proceeds raised by the finders, and issued 103,880 finders’ warrants (the ‘Finders’ Warrants‘), representing 7% of the number of securities sold to subscribers introduced to the Company by the finders. Each Finders’ Warrant is exercisable for one Common Share at an exercise price of $0.75 for a period of 36 months from the date of issuance. The Company paid aggregate finders fees of $336,234 in cash and issued 669,158 finders’ warrants under the Private Placement.
All securities issued pursuant to the Private Placement are subject to a restricted hold period of four months and a day from the date of issuance under applicable Canadian securities legislation. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘).
Corporate Update
Concurrent with the completion of the Private Placement, the Company has granted to certain directors, officers, employees and consultants of the Company an aggregate of 2,600,000 stock options (the ‘Options‘). The Options are exercisable for a 10-year period from the date of grant and will vest in two equal installments, 12 and 24 months from the date of grant. Each vested Option will entitle the holder to acquire one Common Share at an exercise of $0.60. The Options are subject to the terms and conditions of the Company’s share compensation plan and the policies of the TSXV. Of the Options granted above, 300,000 Options were granted to High Tide Consulting Corp. (‘High Tide‘), a provider of investor relations services, pursuant to the Contractor’s Agreement (as such term is defined below).
The Company has engaged the services of High Tide to provide corporate communications, investor relations and strategic marketing services in compliance with the policies of the TSXV and applicable securities laws. High Tide is expected to heighten capital market awareness and understanding of the Company and to assist with managing investor communications and expectations, through various outreach and marketing programs.
In connection with the engagement of High Tide, the Company and High Tide has entered into an independent contractor’s agreement (the ‘Contractor’s Agreement‘). Pursuant to the terms of the Contractor’s Agreement, the Company has agreed to pay High Tide a cash fee of C$7,500 plus applicable taxes per month and grant 300,000 Options as indicated above. The Contractor’s Agreement is for an initial term of six months and may be terminated by either party on at least 30 days written notice.
High Tide is a company based in British Columbia, Canada, and offers a full suite of investor relations and communications services for public and private companies. High Tide is an arm’s length party to the Company. High Tide has no present, direct or indirect interest in the Company or its securities, nor any right or present intention to acquire such an interest except as otherwise provided in this release. High Tide and its clients may acquire an interest in the securities of the Company in the future.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), or any state securities laws and may not be offered or sold in the ‘United States’ or to ‘U.S. persons’ (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Silver47 Exploration Corp.
Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated March 2, 2023. The Company also owns the Adams Plateau Project in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the Michelle Project in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Common Shares are traded on the TSXV under the ticker symbol AGA.
For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’.
Follow us on social media for the latest updates:
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Director and CEO
gthompson@silver47.ca
For investor relations
Meredith Eades
info@silver47.ca
778.835.2547
No securities regulatory authority has either approved or disapproved of the contents of this release. 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 STATEMENTS
This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: ; anticipated use of proceeds from the Private Placement; vesting and exercise of the Options; High Tide’s services to be performed pursuant to the Contractor’s Agreement; ability to obtain all necessary regulatory approvals; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: ; receipt of required regulatory approvals of the Private Placement; engagement of High Tide on the terms described in the Contractors’ Agreement; the use of proceeds not being as anticipated; the vesting and exercise of the Options; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247329
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Here’s a quick recap of the crypto landscape for Friday (April 4) as of 9:00 p.m. UTC.
Bitcoin and Ethereum price update
At the time of this writing, Bitcoin (BTC) had recovered to US$83,879.15, up 2.3 percent in 24 hours. The day’s range has brought a low of US$81,950.04 and a high of US$84,497.52.
Bitcoin performance, April 4, 2025.
Chart via TradingView.
The crypto market staged an apparent recovery by the end of Friday’s trading session. US President Donald Trump’s announcement of new global tariffs has unsettled financial markets, as reflected in risk assets.
Ethereum (ETH) is priced at US$1,808.88, a 1.3 percent increase over 24 hours. The cryptocurrency reached an intraday low of US$1,772.16 and a high of US$1,823.14.
Altcoin price update
- Solana (SOL) is currently valued at US$122.36, up 6.2 percent over the past 24 hours. SOL experienced a low of US$114.16 and a high of US$123.31 on Friday.
- XRP is trading at US$2.12, reflecting a 3.5 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.04 and a high of US$2.15.
- Sui (SUI) is priced at US$2.27, showing a 2.4 percent increase over the past 24 hours. It achieved a daily low of US$2.18 and a high of US$2.30.
- Cardano (ADA) is trading at US$0.6606, reflecting a 3.5 percent increase over the past 24 hours. Its lowest price on Friday was US$0.6667, with a high of US$0.6325.
Crypto news to know
Trumps tap crypto after Trump Organization’s ‘cancellation’
Eric Trump has revealed to CNBC that his family’s business pivoted toward the cryptocurrency sector following what he describes as ‘unprecedented financial deplatforming.’
After the Trump Organization faced legal scrutiny and banking restrictions — including the closure of over 300 accounts by Capital One Financial (NYSE:COF) — the Trump brothers decided to turn to digital assets.
This led to the creation of World Liberty Financial, a US dollar-backed stablecoin venture, and American Bitcoin, a new Bitcoin-mining company co-founded with Hut 8 (NASDAQ:HUT) CEO Asher Genoot.
According to Eric Trump, the shift to crypto was as much about financial opportunity as it was about resistance.
He claims that during what he calls a ‘war on the industry,’ major banks were shutting down accounts simply for holding Bitcoin, and regulatory agencies were targeting crypto firms through aggressive lawsuits.
Now, with Donald Trump back in the White House, the US has taken a more crypto-friendly stance, including signing an executive order to establish a strategic Bitcoin reserve and pardoning Silk Road founder Ross Ulbricht.
Atkins moves closer to SEC chair position
US lawmakers in the Senate Committee on Banking voted to advance Paul Atkins as chair of the US Securities and Exchange Commission (SEC) on Thursday (April 3) through a final vote of 13 to 11.
If approved, Atkins will take over for Gary Gensler, who resigned as chair on January 20. Gensler’s term ends in June 2026, after which Atkins will serve a second consecutive term that will terminate in 2031.
Atkins’ nomination will now move to a full Senate vote on a yet-to-be-determined date. Experts predict a likely confirmation. Interim Chair Mark Uyeda is currently sitting in the role.
Coinbase files for XRP futures contracts
Crypto exchange Coinbase Global (NASDAQ:COIN) filed on Thursday with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts tracking Ripple’s token, XRP.
“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures — bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” Coinbase said in an X post that day, adding that it anticipates that the contract will go live on April 21.
Monthly-settled, margined contracts will trade under the symbol XRP. Each contract will represent 10,000 XRP, worth about US$20,000 at the current value. Trading will halt if the spot XRP price deviates over 10 percent in an hour.
In other news, Grayscale filed an S-1 application with the SEC on Friday to convert its Grayscale Solana Trust into a spot SOL exchange-traded fund trading under the ticker symbol GSOL.
Circle, Klarna and Chime may delay IPOs
A Friday report from the Wall Street Journal suggests that stablecoin firm Circle may delay its initial public offering (IPO). The event was originally slated for April 11, according to the firm’s S-1 filing.
“Circle had been nearing its next steps in going public but is now watching anxiously before deciding what to do,” the news outlet’s report reads, before suggesting that fintech companies Klarna and Chime may also postpone their IPOs amid ongoing market turmoil triggered by the unfolding global trade war.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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The gold price surged this week, rising to yet another new all-time high of more than US$3,160 per ounce ahead of tariff updates from US President Donald Trump.
The yellow metal’s latest move follows a strong Q1, during which it continually hit new records amid widespread uncertainty and achieved its best quarterly performance since 1986.
However, Trump’s Wednesday (April 2) tariff announcement took some of the wind out of gold’s sails. While it showed resilience on Thursday (April 3), rebounding back above US$3,100 after falling below that level, the yellow metal lost substantial ground on Friday (April 4), sinking to just above US$3,020.
Major US indexes have also taken hits — the S&P 500 (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI) and Nasdaq Composite (INDEXNASDAQ:.IXIC) have all seen steep declines this week.
Bullet briefing — Tariffs rock global markets
Trump’s ‘Liberation Day’
There’s still much uncertainty surrounding tariffs, but here’s what we know at this point.
After declaring a national economic emergency, Trump has put tariffs of at least 10 percent on all countries. Higher tariffs have been levied on about 60 nations that have large trade deficits with the US and have been deemed the ‘worst offenders.’
While Trump has called the tariffs reciprocal, that’s not exactly how they’ve panned out.
A tariff calculation formula published by the White House indicates that the math involves taking the trade deficit for the US in goods with a particular country, dividing that by the total goods imports from that country and then dividing that number by two. A BBC explainer shows how the formula works for the EU, where the US has instated a 20 percent tariff based on what it believes the EU charges.
The situation is more complex for countries like China, which already had a 20 percent tariff in place from the US. Trump has now added a further 34 percent tariff, bringing China’s total rate to 54 percent. Canada and Mexico, which have also already faced tariffs from the US, avoided further charges this week.
Gold, copper excluded from tariffs
While Trump’s new tariffs are sweeping in nature, there are exclusions — among them are steel, aluminum, copper, pharmaceuticals and semiconductors, as well as bullion, which includes gold, plus ‘energy and other certain minerals’ not available in the US.
The news that gold won’t face levies is reportedly cooling its flow from London to New York. In recent months, traders have been rushing to bring the metal into the US ahead of potential tariffs; with this week’s clarity, the transfers no longer appear necessary.
A Section 232 investigation into copper tariffs is ongoing.
Will tariffs cause inflation?
Trump has referred to Wednesday as ‘Liberation Day,’ saying that tariffs will help reinvigorate the US manufacturing industry and help the country grow.
‘Jobs and factories will come roaring back into our country, and you see it happening already. We will supercharge our domestic industrial base. We will pry open foreign markets and break down foreign trade barriers, and ultimately, more production at home will mean stronger competition and lower prices for consumers’ — Trump
However, there are widespread concerns that the tariffs will boost inflation in the US, putting pressure on Americans who are already struggling with high prices.
Let’s take a look at it from both angles.
Keith Weiner of Monetary Metals noted that while he doesn’t define inflation as an increase in consumer prices, that’s the standard definition. In his view, tariffs could boost consumer prices in several ways:
If inflation is defined as an increase in consumer prices, and you’ve forced them to manufacture in a high-cost jurisdiction with much higher regulatory costs, and then deport a lot of labor to drive up the price of labor even more, then you’re going to find consumer prices have a one-two punch.
The third punch is — what is everybody’s solution from a monetary policy perspective to so-called inflation? Hiking interest rates. Which means hike the cost of financing new factories, and hike the cost of automation … Every company when faced with massively increased demand for labor and massively higher labor (costs) is going to want to automate. Well, the cost of financing the automation is going to be hiked. So we’re going to see a one-two-three punch for the forces pushing up consumer prices.
Jim Thorne of Wellington-Altus took a different approach to the question. He explained the relationship between tariffs and inflation as follows:
Tariffs slow growth — one. So that’s why we’ve been talking about a growth scare. We’ll have a balance sheet recession in Canada, we will have a slow growth period in the US.
What tariffs do is they change the relative prices in an economy, they don’t change the general price level. And so no, they’re not inflationary. And Tiff Macklem knows that, and Jay Powell knows that, because that’s third year macro.
Click the links above to watch the full interviews with Weiner and Thorne.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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