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Why SQM Says Social Dialogue is Key to Sustainable Lithium

Investing 5 Mins Read

As scrutiny continues to intensify across the battery metals supply chain, the conversation around sustainability has moved far beyond carbon footprints.

At this year’s Benchmark Week, Stefan Debruyne, director of external affairs at Sociedad Quimica y Minera de Chile (SQM) (NYSE:SQM), made that point unmistakably clear: sustainability in lithium is as much about people, process and transparency as it is about emissions — and it must be learned, not imposed.

SQM, one of the world’s largest lithium producers, has long been at the center of debates about extraction in Chile’s Salar de Atacama. But for Debruyne, the company’s vision of leadership goes beyond scale.

“We approach leadership in a holistic way,” he said. “It’s not only about having trust to produce and being able to deliver the quality the market needs, but also doing it in a responsible way — dialogue, working closely with stakeholders and civil society. We work very hard on all components.”

Building social license

Much of Debruyne’s role over the past five years has centered on improving engagement with Indigenous communities, many of which have deep historical grievances tied to land, water and the impact of large-scale resource extraction.

“It’s really about being the best neighbor possible,” he said.

But getting there has required fundamental shifts in mindset and method. One of the clearest examples is what Debruyne called the principle of horizontality — a change born from early missteps.

A decade ago, when communities questioned the mine’s hydrological impacts, SQM responded the way many industrial operators would: it sent engineers to explain the technical data.

“You would think that’s a great thing to do,” Debruyne said. “But we learned that’s not the right way, because community members aren’t hydrologists. There’s a vertical difference.”

Instead, SQM now helps communities secure independent experts of their choosing, ensuring conversations happen “on a horizontal level.” This shift has been crucial to rebuilding trust.

Just as important, Debruyne said, is abandoning the western notion of time.

“Communities have a different concept of time. It’s about giving them the time they need — taking information back, returning, iterating. You may think you’re doing things the right way, but there’s always room for improvement.”

Why social investment reduces risk

For Oxfam policy advisor Andrew Bogrand, these types of changes are not just ethical — they’re also practical.

The expert, who also spoke on the panel, noted that since 2010, more than 800 protests or violent incidents have occurred around mine sites globally, including 300 since 2021 alone.

Each one carries real costs: slowdowns, legal expenses, rising insurance premiums — and, as Bogrand pointed out, the hidden cost of executive time diverted to crisis management.

“There is a win-win solution,” he told the Benchmark Week audience. “It’s engaging communities, making sure everyone’s on the same page. Sometimes the solutions are very simple.”

As an example, he pointed to mining projects where warning messages were sent in English to communities that do not speak the language, or where key safety information was delivered over SMS when what residents needed was a physical noticeboard in their own dialect.

Bogrand described companies that “step over a dollar to pick up a penny” — refusing modest community requests, only to face shutdowns costing tens of millions of dollars.

Transparency: A tool, not a threat

Debruyne described transparency as one of SQM’s most effective tools, even if it initially felt counterintuitive.

A few years ago, the company made all hydrological data from its government reporting publicly accessible online.

“I was bracing myself,” he said, expecting to receive dozens of questions about brine levels. But counter to his fears, transparency defused tension rather than fueling it. “I received complete silence,’ Debruyne noted.

It also created a foundation for future collaboration, including joint environmental monitoring programs with communities that had refused to speak with SQM for years.

Moving slow to move fast

The tension between rapid industry growth and slow, iterative sustainability processes often surfaces in investor discussions. For Bogrand, the answer is simple: “You have to move slow to move fast.”

Rushing early stage engagement almost always backfires, he argued, while early investment in community relationships pays dividends across the life of a mine.

Debruyne echoed this idea, noting that patience, consistency and presence — not promises — win trust. In one case, SQM organized a visit for Atacama Indigenous women leaders to electric vehicle and battery plants in Germany and Poland, allowing them to see firsthand where lithium fits in a finished product.

One participant, surprised that the metal formed only a thin coating on a cathode, admitted she had imagined an “Avatar-like” scenario where mines destroyed massive volumes of land for each battery.

“Because they don’t have visibility on the value chain, they make interpretations, which is human,” Debruyne told listeners. “Dialogue is so important.”

Both Debruyne and Bogrand agree that the lithium supply chain cannot scale without social acceptance, credible transparency and deep engagement with affected communities.

As Debruyne noted, “Ultimately, it’s about people.”

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

This post appeared first on investingnews.com

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Investing

Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag , Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag

Investing 12 Mins Read

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the latest two step-out drill holes from its Ballywire discovery (‘Ballywire’) at the 100%-owned PG West Project (‘PG West’), Republic of Ireland.

Highlights:

  • 25-3552-47 (approx. 100m step-out SSE of 25-3552-40, initial test of the Deeper Cu-Ag target; announced 22-Sep-25) intersected four zones of mineralization, including:
    • New Mineralized Zone (South) – Waulsortian Hosted (starting from 313.1m downhole)
    • 20.3m of 2.6% Zn+Pb (1.5% Zn and 1.1% Pb), 6 g/t Ag, including
    • 7.3m of 5.2% Zn+Pb (2.5% Zn and 2.7% Pb), 10 g/t Ag, including
    • 3.8m of 7.3% Zn+Pb (3.7% Zn and 3.6% Pb), 14 g/t Ag, including
    • 1.9m of 10.7% Zn+Pb (5.7% Zn and 5.0% Pb), 19 g/t Ag
    • New Mineralized Zone (South) – Base of Waulsortian (starting from 355.9m downhole)
    • 2.6m of 2.7% Zn+Pb (0.1% Zn and 2.5% Pb) and 19 g/t Ag, including
    • 0.8m of 6.7% Zn+Pb (0.3% Zn and 6.5% Pb) and 37 g/t Ag
    • Deeper Cu-Ag Zone (starting from 490.7m downhole)
    • 11.3m of 0.26% Cu and 8 g/t Ag, including
    • 4.7m of 0.46% Cu and 14 g/t Ag, including
    • 1.8m of 0.83% Cu and 24 g/t Ag
    • Deeper Cu-Ag Zone (starting from 616.6m downhole)
    • 9.4m of 0.25% Cu and 7 g/t Ag, including
    • 3.7m of 0.32% Cu and 8 g/t Ag, including
    • 0.8m of 0.62% Cu and 16 g/t Ag

‘Today’s results represent a positive surprise given we were not expecting robust Zn-Pb-Ag mineralization south of the main discovery trend at this particular location,’ stated Bart Jaworski, CEO. ‘In addition to successfully extending significant Deeper Cu-Ag mineralization down dip by over 200m from previous drilling, today’s hole intersected strong Zn-Pb-Ag mineralization in a new part of the discovery. Long theorized, new zones of mineralization parallel to the main discovery trend at Ballywire were evidenced this September by hole 25-3552-44 which discovered a new Cu-Ag bearing feeder structure to the north of the main discovery. Today’s results show a similar situation, but to the south, enhancing the potential for at least two additional mineralized zones. If borne out, this greatly expands Ballywire’s tonnage potential.’

‘Driven by new zones of mineralization, growing momentum at our Deeper Cu-Ag zone and the fact that the majority of our 6km long prospective trend is yet to be drilled, Ballywire’s exploration upside continues to ramp up. With a robust treasury and our most ambitious drilling campaign to date – four rigs turning in Ireland – we are poised to continue unlocking Ballywire’s full potential over the coming months.’

Exhibit 1. Cross-Section Showing 25-3552-47 Testing Deeper Cu-Ag Zone at Ballywire.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_002full.jpg

Note: True thickness of the mineralized intervals in hole 25-3552-47 as a percentage of the down-hole interval, is estimated to be approx. 90-100% for Waulsortian-hosted zones, and 60-80% for sub-Waulsortian zones.

Exhibit 2. Plan Map of Main Ballywire Discovery Corridor, Showing New Holes 25-3552-45 and -47.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_003full.jpg

Note: ‘New Min’zd Zone (S)’ means New Mineralized Zone (South); ‘Potential Zone (N)’ means Potential Mineralized Zone (North).

Exhibit 3. Cross-Section of 25-3552-45 (and Previously Reported Holes -35 and -39).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_004full.jpg

Note: True thickness of the mineralized intervals in hole 25-3552-45 as a percentage of the down-hole interval, is estimated to be approx. 80-100%.

Ballywire Drill Update

The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 64 holes drilled and reported by Group Eleven to date, including the most recent two holes (25-3552-45 and -47) reported today (see Exhibits 1 to 6).

Assays from today’s drill holes are summarized above and below (and in Exhibits 4 and 5). Mineralization consists predominantly of sphalerite, galena and pyrite, with the Cu-Ag bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

In addition to results from 25-3552-47, described above, hole 25-3552-45 intersected two zones of significant mineralization along a fault structure (see Exhibits 3 and 5). Strong exploration upside remains further to the NNW and SSE along this section.

Exhibit 4. Summary of Assays from 25-3552-47 at Ballywire

Item From
(m) 		To
(m) 		Int
(m) 		Zn
(%) 		Pb
(%) 		Zn+Pb
(%) 		Ag
(g/t) 		Cu
(%)
25-3552-47 313.14 333.42 20.28 1.49 1.14 2.63 5.7 –
Incl. 313.14 319.60 6.46 1.45 0.47 1.92 5.2 –
And 326.11 333.42 7.31 2.51 2.65 5.16 10.1 –
Incl. 329.63 333.42 3.79 3.71 3.60 7.31 13.7 0.01
Incl. 330.59 332.52 1.93 5.73 5.01 10.75 18.7 0.01
Incl. 330.59 331.56 0.97 6.45 5.39 11.84 18.7 0.01
And 355.85 358.45 2.60 0.13 2.54 2.67 18.8 0.04
Incl. 356.73 357.56 0.83 0.28 6.46 6.74 36.7 0.08
And 490.74 502.02 11.28 0.01 0.01 0.02 7.5 0.26
Incl. 494.50 502.02 7.52 0.01 0.01 0.03 10.5 0.35
Incl. 497.32 502.02 4.70 0.02 0.01 0.03 13.8 0.46
Incl. 499.22 502.02 2.80 0.02 0.01 0.03 19.1 0.67
Incl. 500.17 502.02 1.85 0.02 0.01 0.03 23.8 0.83
And 616.56 625.94 9.38 0.01 – 0.02 6.6 0.25
Incl. 619.52 623.26 3.74 0.01 – 0.02 8.5 0.32
Incl. 619.52 620.48 0.96 0.02 – 0.03 10.8 0.35
And 622.46 623.26 0.80 0.02 – 0.02 16.3 0.62

 

Note: True thickness of the mineralized intervals in hole 25-3552-47 as a percentage of the down-hole interval, is estimated to be approx. 90-100% for Waulsortian-hosted zones, and 60-80% for sub-Waulsortian zones; ‘-‘ means less than 0.01% (<100 ppm).

Exhibit 5. Summary of Assays from 25-3552-45 at Ballywire

Item From
(m) 		To
(m) 		Int
(m) 		Zn
(%) 		Pb
(%) 		Zn+Pb
(%) 		Ag
(g/t)
25-3552-45 145.37 162.47 17.10 1.75 0.17 1.91 3.0
Incl. 147.14 156.17 9.03 2.58 0.24 2.81 4.3
Incl. 147.14 151.66 4.52 2.66 0.32 2.98 5.9
Incl. 149.00 151.66 2.66 3.12 0.36 3.48 6.9
Incl. 150.73 151.66 0.93 4.79 0.61 5.40 11.6
And 153.41 156.17 2.76 3.38 0.17 3.55 3.5
And 181.49 202.40 20.91 1.41 0.63 2.04 10.0
Incl. 181.49 183.24 1.75 5.94 0.31 6.25 24.1
Incl. 181.49 182.39 0.90 8.69 0.31 9.00 32.9
And 192.27 194.97 2.70 1.50 2.68 4.18 21.6
Incl. 192.27 193.16 0.89 2.13 3.86 5.99 30.3
And 201.52 202.40 0.88 7.03 2.18 9.21 32.5
And 213.38 214.35 0.97 0.12 0.74 0.86 19.4

 

Note: True thickness of the mineralized intervals in hole 25-3552-45 as a percentage of the down-hole interval, is estimated to be approx. 80-100%.

Drilling at Ballywire continues with three rigs. Currently, thirteen (13) new holes are completed or near completed (and in the process of being logged, sampled and assayed). These are shown in Exhibit 2, including: (i) four holes collared approx. 200m E of G11-3552-08; (ii) two holes testing approx. 780m SE of G11-3552-08; (iii) six holes drilled along a drill fence hosting G11-468-01; and (iv) one hole testing approx. 80m SW of G11-3552-12. Note, one additional rig is active at the Company’s Stonepark Project.

Exhibit 6. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_005full.jpg

Note: Of the four gravity-high anomalies above, only the ‘C’ anomaly has been systematically drilled to date.

Exhibit 7. Regional Map of Ballywire Discovery and Surrounding Prospects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_groupe.jpg

Notes to Exhibit 7: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland’, by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR+; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.22m to 1.19m with an average (over 211 samples) of 0.90m. The half-core samples are bagged, labelled and sealed at Group Eleven’s core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70% < 2mm, riffle splitter, pulverise up to 250g 85% < 75um. Analytical procedures are 34 element four acid ICP-AES (codes ME-ICP61 and ME-OG62). Other than paying for a professional analytical service, Group Eleven has no relationship with ALS.

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials (‘CRMs’ or ‘Standards’) as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
  • 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)
  • 25.6m of 9.2% Zn+Pb, 28 g/t Ag (25-3552-39)

Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit2. The Company’s two largest shareholders are Michael Gentile (14.1% interest) and Glencore Canada Corp. (13.9%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS,
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.lau@groupelevenresources.com | T: 604-781-4915

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 Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018).
2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276566

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Business

Airbus says most of its recalled 6,000 A320 jets are now modified

Business 4 Mins Read

PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.

Dozens of airlines from Asia to the United States said they had carried out a snap software retrofit ordered by Airbus, and mandated by global regulators, after a vulnerability to solar flares emerged in a recent mid-air incident on a JetBlue A320.

Airbus said on Monday that the vast majority of around 6,000 of its A320-family fleet affected by the safety alert had been modified, with fewer than 100 jets still requiring work.

JetBlue Airbus A320 planes at LaGuardia Airport in New York City.Nicolas Economou / NurPhoto via Getty Images file

But some require a longer process and Colombia’s Avianca continued to halt bookings for dates until December 8.

Sources familiar with the matter said the unprecedented decision to recall about half the A320-family fleet was taken shortly after the possible but unproven link to a drop in altitude on the JetBlue jet emerged late last week.

Shares in Airbus were down 2.1% in early trading in Paris.

Following talks with regulators, Airbus issued its 8-page alert to hundreds of operators on Friday, effectively ordering a temporary grounding by ordering the repair before next flight.

“The thing hit us about 9 p.m. [Jeddah time] and I was back in here about 9:30. I was actually quite surprised how quickly we got through it: there are always complexities,” said Steven Greenway, CEO of Saudi budget carrier Flyadeal.

The instruction was seen as the broadest emergency recall in the company’s history and raised immediate concerns of travel disruption particularly during the busy U.S. Thanksgiving weekend.

The sweeping warning exposed the fact that Airbus does not have full real-time awareness of which software version is used given reporting lags, industry sources said.

At first airlines struggled to gauge the impact since the blanket alert lacked affected jets’ serial numbers. A Finnair passenger said a flight was delayed on the tarmac for checks.

Over 24 hours, engineers zeroed in on individual jets.

Several airlines revised down estimates of the number of jets impacted and time needed for the work, which Airbus initially pegged at three hours per plane.

“It has come down a lot,” an industry source said on Sunday, referring to the overall number of aircraft affected.

The fix involved reverting to an earlier version of software that handles the nose angle. It involves uploading the previous version via a cable from a device called a data loader, which is carried into the cockpit to prevent cyberattacks.

At least one major airline faced delays because it lacked enough data loaders to handle dozens of jets in such a short time, according to an executive speaking privately.

UK’s easyJet and Wizz Air said on Monday they had completed the updates over the weekend without cancelling any flights.

JetBlue said late Sunday it expected to have completed work to return to service 137 of 150 impacted aircraft by Monday and plans to cancel approximately 20 flights for Monday due to the issue.

Questions remain over a subset of generally older A320-family jets that will need a new computer rather than a mere software reset. The number of those involved has been reduced below initial estimates of 1,000, industry sources said.

Industry executives said the weekend furor highlighted changes in the industry’s playbook since the Boeing 737 MAX crisis, in which the U.S. plane maker was heavily criticized over its handling of fatal crashes blamed on a software design error.

It is the first time Airbus has had to deal with global safety attention on such a scale since that crisis. CEO Guillaume Faury publicly apologized in a deliberate shift of tone for an industry beset by lawsuits and conservative public relations. Boeing has also declared itself more open.

“Is Airbus acting with the Boeing MAX crisis in mind? Absolutely — every company in the aviation sector is,” said Ronn Torossian, chairman of New York-based 5W Public Relations.

“Boeing paid the reputational price for hesitation and opacity. Airbus clearly wants to show … a willingness to say, ‘We could have done better.’ That resonates with regulators, customers, and the flying public.”

This post appeared first on NBC NEWS

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Stock

S&P 500 Breaking Out Again: What This Means for Your Portfolio

Stock 3 Mins Read

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.

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Investing

Corazon Mining Limited (ASX: CZN) – Trading Halt

Investing 1 Min Read

Trading in the securities of Corazon Mining Limited (‘CZN’) will be halted at the request of CZN, pending the release of an announcement by CZN.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of:

  • the commencement of normal trading on Wednesday, 3 December 2025; or
  • the release of the announcement to the market.

CZN’s request for a trading halt is attached below for the information of the market.

Issued by
ASX Compliance

Click here for the full ASX Release

This post appeared first on investingnews.com

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Investing

Crypto Market Update: CME Outage Halts Futures Trading for Over Nine Hours

Investing 5 Mins Read

Here’s a quick recap of the crypto landscape for Friday (November 28) 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$91,192.19, down by 0.2 percent over 24 hours.

Bitcoin price performance, November 28, 2025.

Chart via TradingView.

However, the expert added that whale selling is keeping upside momentum fragile, preventing Bitcoin’s recovery from becoming a sustained trend. Hasn also noted that while derivatives market indicators show some stabilization, the rebound lacks the aggressive leverage buildup that typically supports strong rallies.

Friday’s derivatives data reinforces this view. Open interest fell 0.13 percent over four hours as traders trimmed positions. Liquidations hit US$23.74 million, mostly in longs, clearing excess bets without sparking fresh buying.

The slightly negative funding rate of -0.001 percent shows shorts paying longs with no bullish premium, while Bitcoin’s relative strength index of 58 signals neutral momentum, not the overextension needed for a strong rally.

As Hasn explained:

“Bitcoin’s resilience this week is therefore being shaped by a supportive macro environment rather than internal strength. The mixed whale distribution pattern and the lack of sustained accumulation still underline that the market remains vulnerable. The next phase will likely depend on whether improving sentiment in equities can translate into more durable inflows across the crypto market.”

Meanwhile, Ether (ETH) was at US$3,057.17, up by 0.7 percent over 24 hours. Ether derivatives showed balanced consolidation: US$8.83 million in mixed long/short liquidations cleared positions evenly, while a 0.06 percent rise in open interest signals modest new bets. However, neutral funding at 0.001 percent lacks a bullish premium.

Altcoin price update

  • XRP (XRP) was priced at US$2.19, down by 1.8 percent over 24 hours.
  • Solana (SOL) was trading at US$137.88, down by 3.3 percent over 24 hours.

Fear and Greed Index snapshot

CMC’s Crypto Fear & Greed Index continued to climb steadily after plunging into ‘extreme fear’ territory in the last two weeks. It has currently settled at 20 and is inching closer to ‘fear.’

Bitcoin’s rebound from the mid-US$80,000 zone has triggered a swift shift in market sentiment. After the price briefly cooled near US$80,000, many expected a sluggish recovery phase. Instead, optimism snapped back, with the sentiment index rising 10 points over the week and marking one of its sharpest moves in recent months.

The increase corresponds with heavier buying activity and reduced caution among traders who had previously stayed on the sidelines during the cryptocurrency’s pullback.

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

Chart via CoinMarketCap.

Today’s crypto news to know

Major CME Group outage halts futures trading

CME Group (NASDAQ:CME) experienced a major outage on Friday due to a chiller plant malfunction at the CyrusOne CHI1 facility, halting trading in futures and options across equities, currencies, commodities, treasuries and FOREX.

The disruption started late on Thursday (November 27) and affected the Globex platform, which handles 90 percent of CME Group’s volume. The outage halted trading in Bitcoin and Ether futures for about nine to 11 hours, disrupting access to quotes and positions, but leaving spot crypto markets largely unaffected.

Visa expands stablecoin settlement push with Aquanow partnership

Visa (NYSE:V) has deepened its stablecoin strategy by teaming up with Aquanow to support faster settlement across Central and Eastern Europe, the Middle East and Africa.

The deal plugs Aquanow’s infrastructure directly into Visa’s payment rails, allowing banks and payment firms in the region to settle transactions in approved stablecoins such as USDC.

Visa says the upgrade is aimed at institutions seeking cheaper and quicker cross-border settlement options as demand for digital asset rails grows. The company also aims to modernize the “back-end plumbing” of payments by reducing reliance on traditional networks with multiple intermediaries. Aquanow, which processes billions in crypto transactions each month, will provide liquidity and technical support for the integrations.

The collaboration follows Visa’s recent stablecoin payout pilot, Visa Direct, which lets businesses fund transactions in fiat while recipients opt to receive stablecoins directly in their wallets.

UK backs “no gain, no loss” tax model for DeFi activity

The UK government has endorsed a major shift in how DeFi transactions are taxed, moving to eliminate capital gains charges when users deposit tokens into lending protocols or liquidity pools.

Under the current rules, deposits can be treated as disposals, often generating tax liabilities even when investors haven’t realized any economic gain. HM Revenue & Customs’ updated guidance supports a “no gain, no loss” approach that would tax users only when they withdraw assets and eventually sell them.

The proposal comes after two years of industry feedback from firms, many of which argued that the existing system distorts reality and burdens ordinary users with excessive record keeping. The new model would apply to both simple lending and automated market makers, ensuring that only genuine gains or losses are captured for tax purposes.

Australia introduces digital assets bill

Australia has tabled a new digital assets bill aimed at ending years of regulatory uncertainty and preventing a repeat of past offshore failures such as FTX and Celsius.

The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would require platforms holding customer crypto to meet the same licensing and conduct standards applied across the financial sector.

Officials said the legislation is designed to bring crypto businesses fully into the regulated economy, ensuring transparency, custody safeguards and clear accountability.

The bill includes exemptions for smaller operators that process under US$10 million annually and hold less than US$5,000 per customer, mirroring existing thresholds for low-risk financial products. The government argues that modernizing the rules could unlock as much as US$24 billion a year in productivity and efficiency gains.

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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Massan Resource Infill and Extension Drilling Delivers More Positive Results

Investing 4 Mins Read

West African gold explorer Asara Resources Limited (ASX: AS1; Asara or Company) is pleased to announce the second set of results from 11 drill holes (totalling 2,455m) from the Phase 1 Reverse Circulation (RC) drilling program within the Massan deposit Mineral Resource Estimate (MRE) area at its flagship Kada Gold Project (Kada) in Guinea.

HIGHLIGHTS

  • Drilling to date has focused on increasing geological confidence and on extending the down-dip mineralisation envelope at the Massan deposit within the Kada project.
  • The latest results demonstrate continuity between drillholes across the remaining Inferred areas, reinforcing confidence in the geological model and confirming consistent, broad zones of mineralisation.
  • Depth-extension drilling beyond the US$1,800/oz pit shell confirms that mineralisation continues at depth, returning robust gold intersections within fresh rock and identifying new zones of deeper mineralisation.
  • Phase 2 drilling will target strike extensions to the north and south to further grow the resource footprint.
  • Notable gold intersections from the assays received for the most recent eleven drillholes include:
    • MSRC25-014: 55m @ 1.0 g/t gold from 17m. Including,
      7m @ 3.1 g/t gold from 28m.
      12m @ 1.35 g/t gold from 239m. Including,
      5m @ 2.3 g/t gold from 244m.
    • MSRC25-015: 26m @ 0.9 g/t gold from 121m.
    • MSRC25-016: 7m @ 1.4 g/t gold from 143m.
      18m @ 1.1 g/t gold from 154m. Including,
      5m @ 2.0 g/t gold from 146m.
    • MSRC25-017: 23m @ 1.2g/t gold from 64m. Including,
      6m @ 3.8 g/t gold from 64m.
    • MSRC25-018: 12m @ 3.0g/t gold from 22m. Including,
      7m @ 4.1 g/t gold from 26m.
      18m @ 1.0g/t gold from 221m. Including,
      6m @ 2.0 g/t gold from 227m.
      6m @ 2.0g/t gold from 282m.
    • MSRC25-019: 1m @ 20.8g/t gold from 21m. 90m @ 1.0g/t gold from 226m. Including,
      9m @ 1.8 g/t gold from 234m; and
      10m @ 3.0 g/t gold from 301m.
    • MSRC25-020: 5m @ 2.9g/t gold from 6m.
      13m @ 2.1g/t gold from 29m. Including,
      4m @ 4.8 g/t gold from 35m.
      30m @ 1.9g/t gold from 109m. Including,
      16m @ 3.0 g/t gold from 118m.
      20m @ 2.3g/t gold from 144m. Including,
      9m @ 4.1 g/t gold from 144m.
    • MSRC25-021: 57m @ 1.2g/t gold from 3m. Including,
      12m @ 2.0 g/t gold from 12m.
    • 41m @ 0.7g/t gold from 64m.
    • MSRC25-023: 33m @ 0.5 g/t gold from 41m.
    • MSRC25-023B: 8m @ 0.7 g/t gold from 0m.
    • MSRC25-024: 19m @ 1.5 g/t gold from 0m. Including,
      8m @ 2.1 g/t gold from 0m.
      56m @ 0.7 g/t gold from 23m.
      10m @ 1.3 g/t gold from 156m. Including,
      5m @ 2.2 g/t gold from 156m.

Additional RC Drilling Results Confirm High-Grade Continuity at Massan Prospect

The Company is pleased to announce the receipt of assay results from a further eleven RC drill holes, totalling 2,455 metres, completed at the Massan prospect (Figure 1 and Figure 2). This phase of drilling has been strategically designed to both infill the existing drilling dataset by improving geological confidence in the mineralised zones to a vertical depth of ~150 metres, and to test the down-dip depth extensions of the deposit beyond previously defined depth limits (Figure 3 and Figure 4).

As with the previous set of assay results reported in September, this batch of assay results from the drill holes drilled within the central portion of the Massan deposit has again returned significant mineralised intersections, reinforcing the continuity and robustness of the mineralisation within the core zone and validating the accuracy of the geological model against which drillhole planning has been based.

Matt Sharples, CEO of Asara, commented:

“The latest batch of assay results from the Phase 1 drilling program at the Massan deposit at Kada is highly encouraging. Not only do they confirm the widths and tenures of the expected grades, but most importantly, the intercepts were encountered exactly where predicted. This validates the accuracy of our geological model, strengthens our understanding of the genesis of the gold and derisks our exploration targeting. This enhances our success rate and continues to lower our $/oz discovery cost at a deposit which continues to grow in scale.

Both the reported depth-extension results and the near-surface infill drilling have validated our targeting and underscore the scale of Massan. We will continue to refine and update our drill plan, and we look forward to receiving the next batch of assays, which will further guide and shape our near-term exploration strategy to increase geological confidence and confirm depth extensions.

Drilling activity at Massan is due to ramp up with the imminent arrival of the Sahara Resources AC/RC rig, which will undertake a strike extension drilling campaign, designed to confirm the scale of the Massan deposit along strike, north and south, and potentially grow the Inferred Mineral Resource component of the Kada Project.”

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Quimbaya Gold Confirms Discovery of Two Mineralized Vein Structures at Tahami South, Colombia

Investing 8 Mins Read

Mineralization intersected in 8 of 9 holes at Tahami South, directly adjacent to Aris Mining’s producing operations in the Segovia gold district

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the discovery of two new mineralized vein systems at its 100%-owned Tahami South Project in the Segovia-Remedios gold district of Antioquia, Colombia.

The Company’s ongoing drill program at Tahami South has successfully identified vein systems that include the previously targeted Vein S and Vein V, confirming the presence of mineralization consistent with quartz vein systems mined regionally. These results confirm the continuation of the Segovia district’s geological architecture onto Quimbaya’s ground, a core thesis of the Company’s strategy.

‘This is a milestone event for Quimbaya. These first vein discoveries validate our thesis and represent a turning point as we move from land assembly into value creation through the drill bit,’ said Alexandre P. Boivin, CEO of Quimbaya Gold. ‘They are not just promising results, they are proof that we’re on to a significant mineralized system, with the grades, geometry, and geology that define Colombia’s most productive gold district.’

Discovery Highlights

  • Several Veins intersected across multiple drill platforms

  • Mineralization intersected in 8 out of 9 drill holes, demonstrating strong structural continuity and robust targeting accuracy in the inaugural Phase 1 program.

  • Drilling remains ongoing, with over 4,000 meters completed to date; the program has been extended beyond its initial scope in response to encouraging early results.

  • Two distinct vein structures system (S & V) discovered, confirming Segovia-style mineral continuity on Quimbaya’s ground.

  • Mineralization comprises quartz, barite, carbonate veining with sulphide assemblage (pyrite, chalcopyrite, galena, sphalerite).

‘These intercepts confirm that we are tapping into the same geological architecture that has made the Segovia district one of the most prolific gold producers in Latin America,’ said Ricardo Sierra, B.Sc., AusIMM, VP Exploration. ‘We see clear continuity in structure, mineralogy, grade, and believe we are only beginning to uncover the full potential at Tahami South.’

While initial assay results have been received from select drill holes, the Company is continuing to await the return of a significant portion of its Phase 1 drill campaign. In the interest of providing a more complete and technically coherent picture of the emerging discovery at Tahami South, Quimbaya intends to release assay data once a critical mass of results has been compiled. This approach ensures a balanced and contextualized interpretation of both grade distribution and structural continuity, and reflects the Company’s commitment to disciplined, data-driven disclosure as the scale of the system comes into focus.

Strategic Implications: Thesis Confirmed

The discovery of vein systems that include the previously targeted Veins S and V represents the first clear technical validation of Quimbaya’s exploration thesis: that district-scale mineralized structures extend beyond known mines into underexplored ground. The Company’s focused land acquisition strategy prioritized claims with gold & silver+ at surface and proximity to producers, and now, early drilling confirms this model is working.

With over 4,000 meters already drilled, surpassing the originally planned Phase 1 total, the Company has extended its current program to follow up on promising early results and to further evaluate vein continuity at depth and along strike. The strong correlation between drill intercepts and the geological model has reinforced Quimbaya’s exploration thesis. These results not only validate the presence of a robust mineralized system but also provide clear vectors for systematic expansion drilling in 2026.

Figure 1. Plan view of Tahami South showing drill platform locations 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/276292_5f253638b40f0884_001full.jpg

Figure 2. System S

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Figure 3. System S

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https://images.newsfilecorp.com/files/11347/276292_5f253638b40f0884_003full.jpg

Figure 4. System V

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Figure 5. System V and S

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Capital Strengthened Through Warrant Exercises; Equity Incentives Align Leadership for 2026

Quimbaya Gold is pleased to report that during the second half of 2025, a total of 2,169,164 common shares were issued through the exercise of stock options and warrants, resulting in gross proceeds of C$874,665. This influx of non-dilutive capital reinforces the Company’s treasury ahead of a fully funded 2026 drill campaign.

In parallel, the Company granted an aggregate of 614,034 Restricted Share Units (RSUs) to members of its senior management and board of directors under its equity incentive plan. These RSUs, which will vest in accordance with the plan and CSE policies, reflect Quimbaya’s continued focus on retaining top-tier leadership and aligning long-term performance with shareholder value.

Qualified Person

Ricardo Sierra, AusIMM, is a non-independent Officer ‘VP Exploration’ and the Qualified Person for this news release. Mr. Sierra has sufficient experience with South American exploration projects relevant to the style of mineralization and type of deposit under consideration. He consents to the inclusion of the Exploration Results in the form and context in which they appear.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Heliostar Welcomes James Perry as New Chairman

Investing 7 Mins Read

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to announce that Mr James Perry has succeeded the retiring Mr. Jacques Vaillancourt as Chairman at the Company’s Annual General & Special Meeting (‘AGM’) held on November 26th, 2025.

Heliostar’s new Chairman Mr. James Perry commented, ‘I am excited to join Heliostar at this important inflection point. The Company has built a strong foundation through disciplined operations and strategic acquisitions, and I look forward to working closely with the experienced Board and management team as we advance the next phase of growth. Heliostar has the ingredients to become a leading gold producer in the Americas. I will draw on my experience to help steer the Company’s disciplined growth, reinforce strong governance practices, and create lasting value for our shareholders and host communities.’

Charles Funk, President and & CEO, stated – ‘I once again thank our retiring chair for his long service to Heliostar. I strongly welcome James as our new Chairman at a time of considerable growth. Having worked with James previously at Newcrest Mining, I know his ambition for our Company, his growth mindset and the high regard in which he is held across the industry. We are delighted to attract someone of his caliber as we continue advancing toward our goal of becoming a 500,000 ounce per year producer by the end of this decade.’

Mr. Perry is currently President of Sweetwater Royalties, one of the largest landowners in the United States, majority-owned by Orion Resource Partners following its acquisition of Sweetwater’s extensive land and mineral portfolio from Occidental Petroleum in 2020 for approximately US$1.3 billion. Sweetwater’s vast mineral position extends across more than 4.5 million mineral acres in Wyoming, Utah, Colorado, and Michigan, providing an expansive royalty platform spanning industrial minerals, base metals, and renewable-energy opportunities.

Mr. Perry has over 17 years of global mining and resources experience across Asia, Africa, and the Americas, spanning business development, corporate strategy and governance, legal and permitting, ESG, and operations. He spent a decade at Newcrest Mining – one of the world’s largest gold mining companies headquartered in Australia – serving as Business Development Manager and Corporate Counsel. Newcrest was acquired for approximately US$19 billion by Newmont Mining in 2023. Mr. Perry has extensive international experience managing large and complex transactions, including leading Newcrest’s entry into Ecuador and its investment in Lundin Gold’s world-class Fruta del Norte gold district. He possesses broad expertise in project evaluation and negotiation across diverse sectors and jurisdictions. He is a lawyer and holds an M.Sc. in History and International Relations from the London School of Economics.

Incentive plan issuance

Heliostar further announces that, pursuant to the Company’s Omnibus Equity Incentive Compensation Plan, it has granted 250,000 stock options (‘Options’) at an exercise price of $2.63 and 200,000 restricted share units (each, an ‘RSU’) to directors, officers and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next three years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.

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 and exploration stage 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, all in Mexico 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, the Company’s annual production goals.

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.

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S&P 500 Breaking Out Again: What This Means for Your Portfolio

Stock 3 Mins Read

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.

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