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The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) announced a significant and strategically important development in its Silumina Anodes(TM) project, following formal engagement initiated from a leading global battery manufacturer and one of the world’s largest electric-vehicle battery manufacturer (‘Battery Group’). The Battery Group approached Altech expressing strong interest in the Company’s proprietary high-performance silicon-enhanced anode technology. This unsolicited approach represents a major validation of the technical progress achieved by Altech and underscores the growing global recognition of the breakthrough potential of its alumina-coated silicon innovations.

Following initial discussions, a mutual Non-Disclosure Agreement (NDA) was executed to enable the confidential technical exchange and evaluation of materials. As part of this collaboration, Altech has prepared and supplied Silumina AnodesTM samples to the Battery Group. These samples, developed under the leadership of Altech’s Chief Technical Officer Dr Jingyuan Lui, have now been shipped to the Battery Group for formal testing in their advanced battery-evaluation laboratories in China.

The Battery Group’s team, during preliminary discussions, indicated that across the industry they have not yet seen silicon additions deliver such meaningful performance improvements at low percentages.

Traditionally, attempts to integrate silicon into commercial lithium-ion anodes have been challenged by expansion-related degradation, unstable solid-electrolyte interphase (SEI) formation and rapid cycle-life fade. The strong performance of Altech’s coated silicon, achieved with only modest silicon loading, was highlighted as particularly noteworthy. The Battery Group acknowledged that very few material suppliers globally are producing silicon additives with this level of stability, consistency, and real-world applicability.

This early feedback reinforces the technical advantage and disruptive potential of Altech’s process.

The Battery Group has also requested that Altech undertake coating trials on their supplied graphite material to assess the performance impact of integrating Altech’s proprietary alumina technology directly onto their own anode substrate. Under the NDA, the Battery Group has dispatched several kilograms of representative graphite samples to Altech’s Perth laboratory, where Dr Lui’s team will apply the Company’s coating process and prepare evaluation batches. These coated graphite samples will then be returned to the Battery Group for benchmarking against their internal standards, providing a direct comparison of how Altech’s technology enhances their preferred graphite formulations.

UPDATE OF LONG CYCLE SILUMINA TESTING

Altech announced on 9 October 2025 a major advancement in its Silumina Anodes(TM) project, achieving the strongest battery-cycling performance recorded to date for its proprietary alumina-coated spherical silicon anode material. Since that announcement, the latest test results now demonstrate an impressive 83% capacity retention after 1,000 charge-discharge cycles with a 5% Silumina Anodes(TM) addition to a standard graphite anode. This represents a significant milestone for the Silumina Anodes(TM) technology, confirming both its durability and real-world commercial potential. Importantly, such cycle-life performance places Altech’s material at the forefront of next-generation silicon-enhanced anode technologies, strengthening its position in the rapidly evolving global battery materials market.

HOW SILUMINA ANODES(TM) IS MADE

Altech’s spherisation process transforms irregular silicon particles into perfectly rounded, alumina-coated spheres that integrate seamlessly within graphite anodes. The process begins with submicron silicon powders that are uniformly coated with a nanolayer of high-purity alumina, buffering against volume expansion during lithiation. These coated particles are then spherified through a precision-controlled thermal and mechanical process that rounds their geometry (refer Figure 1*). When blended into the graphite matrix, the spherical Silumina AnodesTM particles naturally occupy microscopic voids, where they can expand and contract freely during cycling without damaging the surrounding structure (refer Figure 2*). This optimised configuration mitigates mechanical stress, maintains electrode integrity, and enhances electrical connectivity. With only a 5% addition, the design achieves >40% capacity boost while preserving exceptional cycle stability over extended use.

Altech’s Managing Director Iggy Tan stated ‘This engagement from the world’s largest battery manufacturer is a powerful validation of our Silumina Anodes(TM) technology. Their early feedback, particularly noting they have not seen silicon additions perform this effectively at such low levels, reinforces the significance of our breakthrough. We are excited to advance this collaboration under the NDA and look forward to demonstrating how Altech’s coating technology can further enhance their graphite and anode performance.’

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/444MKKI0

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced the appointment of Ms. Stacy Newstead to its Advisory Board as Strategic Advisor – Materials Strategy.

Stacy Newstead brings U.S. defense materials expertise to advance Locksley’s critical mineral and commercialisation initiatives.

HIGHLIGHTS

– Stacy Newstead appointed as a Strategic Advisor to the Locksley Advisory Board

– Ms Newstead currently serves as Materials Strategy and Risk Manager at Lockheed Martin, overseeing U.S. supply chain risk mitigation for critical materials used in advanced defence systems

– Over two decades of experience across defence, critical minerals, and advanced materials sectors, including leadership roles at Huntington Ingalls Industries, Textron Systems, and Evolution Energy Solutions –

– Expertise spanning U.S. Department of Defence acquisition, system manufacturing and production, materials engineering, supply chain risk mitigation, critical component supply chains, and state and federal engagement for manufacturing facilities

– Appointment strengthens Locksley’s U.S. Government initiatives and supports commercialisation of American-sourced antimony and rare earth supply chains

– Locksley has submitted U.S. Govt White Paper funding request under Defence Production Act Title III DPA to advance project financing position and accelerate first mover status in re-establishing domestic Antimony industry and U.S supply chain strength

Ms. Newstead currently serves as Materials Strategy and Risk Manager at Lockheed Martin, where she leads initiatives to secure domestic and allied sources of key materials vital to U.S. defense manufacturing and national security. Her work focuses on assessing and mitigating material, pricing, and geopolitical risk across complex supply chains that underpin critical technologies including munitions, batteries, and aerospace systems.

A highly accomplished executive, Ms. Newstead brings more than 20 years of experience across U.S. Government, defense, and industrial sectors. Her prior roles include senior program leadership at Huntington Ingalls Industries and Textron Systems, as well as Chief Executive Officer of the U.S. subsidiary of Evolution Energy Minerals (ASX:EV1), where she led onshoring initiatives for graphite and advanced battery materials.

Her appointment reinforces Locksley’s position at the intersection of critical minerals, defense, and national security strategy, providing invaluable insight into U.S. policy, funding and industrial collaboration opportunities. This strengthens the Company’s ability to engage with U.S. partners and access Federal programs supporting domestic critical mineral supply chains, advancing Locksley’s mine-to-market strategy for U.S.-sourced antimony and rare earths.

Kerrie Matthews, Locksley CEO commented:

‘Stacy’s appointment represents another significant step in strengthening our U.S. advisory capability. Her deep understanding of defense material supply chains, coupled with her leadership at Lockheed Martin, brings exceptional strategic value to Locksley as we advance our mine-to-market development of American sourced antimony and rare earths.’

‘Her perspective on material security and risk will help guide our engagement with U.S. industry and government stakeholders as we scale from pilot to commercial operations.’

Ms Newstead commented:

‘The restoration of secure, transparent and domestic critical mineral supply chains is essential to both U.S. defense readiness and the broader energy transition. Locksley’s integrated mine-to-market model and U.S. operational footprint, position it as a key contributor to these national objectives. I’m honored to support the team’s strategy and growth trajectory.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (November 21) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$84,479.56, down by 2.4 percent over 24 hours. Its lowest price of the day was US$82,623.93, and its highest was US$85,341.10.

Bitcoin price performance, November 21, 2025.

Chart via TradingView.

Ether (ETH) was at US$2,736.67, down 3.8 percent over 24 hours. Its lowest price on Friday was US$2,685.25 and its highest was US$2,799.63.

Altcoin price update

  • XRP (XRP) was priced at US$1.94, down by 3.3 percent over 24 hours. Its lowest price of the period was US$1.89 and its highest was US$1.99.
  • Solana (SOL) was trading at US$127.23, down by 4.8 percent over 24 hours. Its lowest price of the day was US$124.20 and its highest was US$129.79.

Fear and Greed Index snapshot

CMC’s Crypto Fear & Greed Index plunged to 11, firmly in “extreme fear” and its lowest level since late 2022. Reports of large-scale whale liquidations have added to the uncertainty, amplifying pressure across an already fragile market.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Crypto derivatives and market indicators

Open interest in Bitcoin futures declined slightly by 0.98 percent, settling at approximately US$58.67 billion, while Ether futures saw a larger drop of 2.50 percent, closing at US$32.39 billion. This contraction in open interest suggests some unwinding of speculative positions or reduced leverage in the derivatives markets for both leading cryptocurrencies.

Bitcoin experienced US$30.48 million in contracts being liquidated, predominantly short positions, whereas Ether had a slightly higher US$32.43 million liquidated, also mostly shorts. This contrasts with recent days, where the vast majority of liquidations were long positions, indicating a shift in market dynamics and trader positioning.

Bitcoin’s relative strength index was low at 31.32, signaling that it is nearing oversold territory, which can often precede a price rebound or a period of consolidation. Its funding rate was recorded at a modestly positive 0.003 percent, indicating a nearly balanced market where long traders pay a small premium to shorts, reflecting moderate bullish sentiment or mild cost for holding long perpetual contracts.

Ether’s funding rate was higher at 0.01 percent, suggesting stronger bullish positioning and higher demand for long exposure in Ether perpetual futures. Generally, positive funding rates imply that longs are paying shorts, signaling optimism about price appreciation. However, considering liquidations skewed toward shorts recently, this could reflect traders attempting to position for a reversal or hedging against potential volatility.

Today’s crypto news to know

Anchorage expands institutional custody and staking support

Anchorage Digital now supports full custody and staking for HYPE tokens across the Hyperliquid ecosystem. Institutions can custody HYPE on HyperEVM and stake on HyperCORE through Anchorage Digital Bank, the only federally chartered crypto bank in the US, as well as through Anchorage Digital Singapore and the self-custody wallet Porto.

Partnering with staking provider Figment, Anchorage now offers a regulated pathway for institutional participation in the Hyperliquid DeFi ecosystem. This expansion also includes custody for additional ERC-20 tokens like Kinetiq, enhancing institutional access to Hyperliquid’s fast-growing blockchain infrastructure.

Crypto lawyer seeks New York attorney general seat

Khurram Dara, a 36-year-old cryptocurrency lawyer with experience at Coinbase Global (NASDAQ:COIN) and Bain Capital Crypto, has announced his candidacy for attorney general in the state of New York.

Dara is seeking the Republican nomination to challenge the incumbent Democrat, Letitia James, in the 2026 election. Dara’s campaign focuses on ending what he calls ‘lawfare,’ the use of legal tactics for political gain, reducing regulatory overreach, especially in the crypto sector and fostering a more business-friendly environment in New York.

Dara holds a JD from Columbia Law and is affiliated with the Council on Foreign Relations and crypto advocacy groups. He resides in Brooklyn and will face Republican primary competition from Michael Henry.

BitMine reports strong earnings, plans Ether staking launch

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) announced net income of US$328.2 million for its 2025 fiscal year, with fully diluted earnings per share of US$13.39.

The company also declared an annual dividend of US$0.01 per share, becoming the first large-cap crypto firm to pay a dividend. Notably, BitMine announced plans to launch its ‘Made-in-America Validator Network,’ an Ethereum staking infrastructure, in early 2026 with initial pilot partners selected for testing.

Coinbase rolls out Ether-backed loans

Coinbase has launched a new lending feature for eligible US users.

They will be able borrow up to US$1 million in USDC by using Ether as collateral. The product is integrated with the Morpho protocol on Base, though users interact with it entirely through Coinbase’s interface. Borrowers keep exposure to Ether’s price movements while accessing liquidity without having to sell their holdings.

The service is available across most US states, with the exception of New York due to regulatory requirements.

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.

This post appeared first on investingnews.com

HIGHLIGHTS:

  • 83.2m grading 17.35 g/t gold from 76.0 m, including
    • 46.65 m grading 27.35 g/t gold from 88.95 m
  • 70.7m grading 9.38 g/t gold from 49.65 m
  • 92.1 m grading 4.33 g/t gold from 97.1 m
  • 65.2 m grading 5.39 g/t gold from 152.2 m
  • Ana Paula drill program to be extended to 20,000 metres of drilling

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to announce additional results from the current drill program at its 100% owned Ana Paula project in Guerrero, Mexico. The program aims to convert inferred ounces to higher confidence classifications. It will also support the ongoing Feasibility Study and testing the next exploration targets around the Ana Paula deposit.

Heliostar CEO, Charles Funk, commented, ‘It’s rare to find a deposit that consistently produces 50-100m wide drill intercepts of these gold grades. Ana Paula is wide, high-grade, and shallow, with good underground mining conditions. These factors drive the low $1,011 all in sustaining cost in our new PEA for the project. It will also drive high margins at the project. The current program is focused on upgrading inferred ounces to higher confidence categories and the new data will be incorporated into a Feasibility Study. The lower costs drive a lower cut-off grade in the planned mine that opens the potential for more inferred material conversion. To maximize this opportunity, we will expand the program by 33% to 20,000 metres to allow for more infill and exploration drilling at Ana Paula. Across the Company, we have another study, a Prefeasibility Study for Cerro del Gallo, planned this quarter. We are also drilling at San Agustin and La Colorada. These programs should increase production and unlock the value we see in our deep growth portfolio.’

Drilling Program

Heliostar has completed 44 holes and 12,615 metres drilled to date. Drilling is designed along north-south sections with angled holes to better define the overall east-west orientation of the High Grade Panel. Heliostar’s drilling approach at Ana Paula has been to change the direction of drilling by approximately 90 degrees from the majority of historic intercepts. The Company believes that this change contributed to demonstrating more continuous and higher-grade gold mineralization within the High Grade Panel than recognized by previous operators.

Where appropriate, the holes are also being used to collect rock strength data, hydrogeologic data and samples for further metallurgical studies that will directly influence the Ana Paula mine design in the ongoing Feasibility Study.

Drill Results Summary

Holes AP-25-331, AP-25-333, AP-25-334 and AP-25-336 are resource conversion holes drilled in the central part of the High Grade Panel. Holes AP-25-334 and AP-25-336 were drilled on the same fence, with AP-25-334 targeting the polymictic breccia and hanging wall mineralization, and AP-25-336 targeting the polymictic breccia and footwall mineralization. Hole AP-25-334 intercepted a wide zone of 92.05 metres (‘m’) grading 4.33 grams per tonne (‘g/t’) gold, whilst AP-25-336 returned intervals of 3.2 m at 15.58 g/t gold, 65.15 m at 5.39 g/t and 43.55 m at 4.66 g/t gold with a 3.05 m interval with 24.64 g/t gold.

Figure 1: Plan Map of the current drill program at Ana Paula

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/275661_ee215e99b48368f4_003full.jpg

Figure 2: Cross-Section through newly reported holes AP-25-334 and AP-25-336

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/275661_ee215e99b48368f4_004full.jpg

Hole AP-25-333 is located 60 m to the east of the above-mentioned fence and returned two high-grade intervals of 26.6 m grading 4.78 g/t gold and 83.2 m grading 17.35 g/t gold. Hole AP-25-331 is a step out 32 m to the southeast and returned a 7.95 m zone grading 7.92 g/t gold and a wide high-grade interval of 70.65 m at 9.38 g/t gold.

Holes AP-25-330, AP-25-332 and AP-25-335A are geotechnical holes for mine development planning and returned assay results in line with expectations, including intervals of 48.5 m of 5.48 g/t gold, 5.2 m of 4.23 g/t gold and 35.55 m of 6.73 g/t gold, respectively.

True widths are unknown. Mineralization at Ana Paula occurs as disseminations or vein stockworks with variable controls including rock porosity, lithology and fault networks.

Drilling continues throughout the High Grade Panel and its less well-defined east and west edges, with assays pending from twelve holes. Two of the drills have begun to target deeper inferred mineralization and the northern exploration zone, which is approximately 250 m north of the High Grade Panel that has two drill holes pending assay.

The next Ana Paula drill results are anticipated to be released in December.

Drilling Results and Coordinates Tables

Table 1: Significant Drill Intersections

Holey From
(metres)
To
(metres)
Interval
(metres)
Au
(g/t)
Topcut
Au (g/t)
Hole
Purpose
AP-25-330 45.4 93.9 48.5 5.48 Geotechnical Hole
including 45.4 53.6 8.2 7.41
and 82.3 85.5 3.2 20.8
AP-25-331 29.9 38.85 8.95 7.27 Resource Hole
including 36.0 38.85 2.85 15.5
and 49.65 120.3 70.65 9.38 1
including 59.65 75.0 15.35 18.3
AP-25-332 140.5 145.75 5.25 4.23 Geotechnical Hole
AP-25-333 38.8 65.4 26.6 4.78 4.58 Resource Hole2
including 38.8 44.45 5.65 11.3 10.4 2
and including 59.7 65.4 5.7 9.45
and 76.0 159.2 83.2 17.3 15.8 1,2
including 88.95 135.6 46.65 27.3 24.5 3
and including 146.1 155.3 9.2 9.60
AP-25-334 97.1 189.15 92.05 4.33 Resource Hole
including 98.2 105.85 7.65 8.17
and including 140.15 147.15 7.0 8.49
and including 166.1 180.0 13.9 9.70
AP-25-335A 12.75 21.2 8.45 4.76 Geotechnical Hole
and 45.0 80.55 35.55 6.73
including 45.0 51.7 6.7 11.0
and including 62.2 80.55 18.35 7.94
and 102.6 108.2 5.6 4.67
and 140.55 145.8 5.25 5.01
AP-25-336 25.15 28.35 3.2 15.6 Resource Hole
and 128.35 141.7 13.35 2.50
including 128.35 132.0 3.65 6.85
and 152.2 217.35 65.15 5.39 4.98 4
including 152.2 162.4 10.2 13.6
including 173.8 176.85 3.05 24.6 15.8 4

 

1 Result reported in November 20th Q3, 2025 quarterly news release
2 Top cut to 47 ppm Au based on resource model domains
3 Top cut to 64 ppm Au based on resource model domains
4 Top cut to 38 ppm Au based on resource model domains

Drilling Coordinates Table

Table 2:  Drill Hole Details

Hole ID Easting
(WGS84 Zone 14N)
Northing
(WGS84 Zone 14N)
Elevation
(metres)
Azimuth
(°)
Inclination
(°)
Length
(metres)
AP-25-330 410,274 1,997,960 962.6 0 -53 126.0
AP-25-331 410,205 1,998,038 917.7 180 -50 192.0
AP-25-332 410,030 1,998,137 972.8 180 -55 329.4
AP-25-333 410,191 1,998,065 907.1 180 -55 204.0
AP-25-334 410,126 1,998,071 931.8 178 -55 302.0
AP-25-335A 410,254 1,998,038 913.4 180 -46 237.0
AP-25-336 410,128 1,998,121 933.8 180 -55 353.0

 

Ana Paula Preliminary Economic Assessment Note

Heliostar announced the results of a Preliminary Economic Assessment on November 6, 2025. References to the results in this release are provided in greater detail here.

Quality Assurance / Quality Control

Drill core is PQ size, and the core is cut in half, with half sent for analysis. Core samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico, for sample preparation and for analysis at the ALS laboratory in North Vancouver. The Zacatecas and North Vancouver ALS facilities are ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish, and overlimits were analyzed by 30-gram fire assay with gravimetric finish.

Control samples comprising certified reference and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.

Statement of Qualified Person

Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Harris is employed as Exploration Manager of the Company.

About Heliostar Metals Ltd.

Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of development projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur and the Unga project in Alaska, USA.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

Neither 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.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, show the full extent of the deposit, upgrade and expand the resource base, growing our annual production profile in the near term and bringing additional production online.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275661

News Provided by Newsfile via QuoteMedia

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What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of the artificial intelligence boom and trimmed hopes of support from the Federal Reserve.

The tech-heavy Nasdaq fell 2%, and the broad S&P 500 index dropped by more than 1.5%. The Dow Jones Industrial Average, which tracks 30 top-tier stocks, declined by nearly 390 points. It had been up 700 points earlier in the day. Cryptocurrencies also shed billions in value: Bitcoin had fallen below $87,000 as of late Thursday afternoon, weeks after having set highs above $120,000.

The stunning turnaround added further unease to an already shaky economy that has forced households to trim budgets amid stubborn inflation and signs of a wavering job market. With an ever-increasing part of the economy’s principal driver — consumer spending — now reliant on affluent households, an extended market pullback could inflict wider damage.

‘You don’t have to have the biggest bubble in history for an expensive stock market’ and end up seeing declines, said Matt Maley, chief market strategist at Miller Tabak asset management group.

Traders’ hopes were boosted early Thursday by a better-than-expected jobs report that appeared to show the economy remained resilient. Even before the day began, stocks looked poised to rise after Nvidia, the chipmaker at the heart of the AI boom, reported strong quarterly earnings and revenue.

Yet by midday, markets had turned red. The solid September jobs report diminished the odds that the Federal Reserve will cut interest rates next month to lower the cost of borrowing money to spur economic activity. When investors don’t have to pay as much in interest, they often put those savings into stocks.

“The broad rebound in payrolls suggests diminished risks of a higher unemployment rate,” analysts with Morgan Stanley said in a note published shortly before noon. “We no longer expect a Fed cut in December.”

Losses were further compounded by ongoing concerns about AI — specifically, how much more profitable the companies buying chips like Nvidia’s will be. The fears were articulated Wednesday evening on X by Michael Burry, made famous by the movie ‘The Big Short.’

‘Just because something is used does not mean it is profitable,’ he wrote.

Finally, the ongoing sell-off of bitcoin indicated to some traders that a key source of support for stocks — retail or day traders — were beginning to waver on their trademark ‘buy the dip’ mentality.

‘I wouldn’t say we’ve flipped from bull to bear,’ said Steve Sosnick, chief strategist at Interactive Brokers financial group. ‘I would say we’ve flipped from bull to balanced market in the short term. A lot depends on whether sentiment continues to weaken.’

Stocks had already been showing signs of flagging in recent weeks. With Thursday’s losses, the S&P 500 fell to its lowest point since September.

The long-delayed September jobs report, which showed that the United States added a sturdy 119,000 jobs, appeared to show some glimmers of hope for the economy.

Although the unemployment rate ticked up from 4.3% in August to 4.4%, about 450,000 workers entered the labor force. Economists view that as evidence that job opportunities are still plentiful, despite a wave of corporate layoffs.

Just before the Bureau of Labor Statistics released the jobs report, Verizon told employees it planned to lay off 13,000 employees, or about 13% of its workforce.

The company joined a suite of other blue-chip employers that say they plan to eliminate tens of thousands of jobs, including Amazon, General Motors, IBM, Microsoft, Paramount, Target and UPS.

The details of the jobs report, which captured conditions before the government shutdown, as well more recent jobs data, suggested a more mixed picture for the U.S. economy.

Manufacturing shed 6,000 jobs, continuing a trend in a sector the Trump administration has touted as a key target of its economic policies. Transportation and warehousing also lost 25,300 jobs. Wage growth slowed, and job totals for July and August were revised downward.

The employment gains in September were concentrated in the health care, hospitality and social assistance sectors.

Another snapshot of the economy came courtesy of Walmart, which on Thursday reported strong sales and raised its outlook for the year. That strength points to cracks in the economy, though. Executives said the chain is luring more high-income shoppers who are looking for bargains, and noted that lower-income families are feeling more pressure.

‘As pocketbooks have been stretched, you’re seeing more consumer dollars go to necessities versus discretionary items,’ Chief Financial Officer John David Rainey said on an earnings call Thursday morning.

Walmart’s stock closed 6.5% higher.

This post appeared first on NBC NEWS

Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts faded.

Bitcoin, the world’s largest cryptocurrency, fell 5.5% to a seven-month low of $81,668. Ether slid more than 6% to $2,661.37, its lowest in four months.

Both tokens are down roughly 12% so far this week.

Cryptocurrencies are often viewed as a barometer of risk appetite and their slide highlights how fragile the mood in markets has turned in recent days, with high-flying artificial intelligence stocks tumbling and volatility spiking VIX.

“If it’s telling a story about risk sentiment as a whole, then things could start to get really, really ugly, and that’s the concern now,” Tony Sycamore, a market analyst at IG, said of the fall in bitcoin.

About $1.2 trillion has been wiped off the market value of all cryptocurrencies in the past six weeks, according to market tracker CoinGecko.

Bitcoin’s slide follows a stellar run this year that propelled it to a record high above $120,000 in October, buoyed by favourable regulatory changes towards crypto assets globally.

But analysts say the market remains scarred by a record single-day slump last month that saw more than $19 billion of positions liquidated.

“The market feels a little bit dislocated, a bit fractured, a bit broken, really, since we had that selloff,” said Sycamore.

Bitcoin has since erased all its year-to-date gains and is now down 12% for the year, while ether has lost close to 19%.

Citi analyst Alex Saunders said $80,000 would be an important level as it is around the average level of bitcoin holdings in ETFs.

The selloff has also hurt share prices of crypto stockpilers, following a boom in public digital asset treasury companies this year as corporates took advantage of rising prices to buy and hold cryptocurrencies on their balance sheets.

Shares of Strategy, once the poster child for corporate bitcoin accumulation, have fallen 11% this week and were down nearly 4% in premarket trade, languishing at one-year lows.

JP Morgan said in a note this week that the company could be excluded from some MSCI equity indexes, which could spark forced selling by funds that track them.

Its Japanese peer Metaplanet has tumbled about 80% from a June peak.

Crypto exchange Coinbase was down 1.9% in premarket trade and is on course for its longest losing streak in more than a month.

Crypto miners MARA Holdings and CleanSpark were down 2.4% and 3.6%, respectively, while the Winklevoss twins’ newly-listed Gemini has plunged 62% from its listing price.

“Bitcoin market conditions are the most bearish they have been since the current bull cycle started in January 2023,” said digital asset research firm CryptoQuant in its weekly crypto report on Wednesday.

“We are highly likely to have seen most of this cycle’s demand wave pass.”

This post appeared first on NBC NEWS

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.