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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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Investing

How to Invest in Vanadium Stocks

Investing 7 Mins Read

Vanadium is an important metal for both the steel and battery manufacturing industries.

Both of these sectors play key roles in economic growth and a new era in defense and energy security. Supply and demand fundamentals for the metal indicate a strong long-term outlook for the vanadium market.

Many investors believe the vanadium industry is compelling and are interested in getting involved in this evolving market. Read on for a brief overview of the metal, from supply and demand to how to invest in this exciting industrial and battery metal.

In this article

    What is vanadium?

    Named after Vanadis, the Norse god of beauty, vanadium is a silvery-gray transition metal that was discovered in 1801.

    Vanadium occurs in about 65 different minerals, and is mined as a by-product of other metals, usually uranium. It is also found in deposits of phosphate rock, titaniferous magnetite, uraniferous sandstone and siltstone. Aside from that, it is present in bauxite and in carboniferous materials such as crude oil, coal, oil shale and tar sands.

    Vanadium demand trends

    Vanadium applications have grown in recent years, contributing to price growth. The vast majority of vanadium is used as an additive in the steel industry to make a high-strength product that is lighter, stronger and more resistant to shock and corrosion.

    Vanadium content of less than 0.1 percent is needed to double the strength of steel, and although other metals — including manganese, molybdenum, niobium, titanium and tungsten — can be interchanged with vanadium for alloying with steel, there is no substitute for vanadium in aerospace titanium alloys.

    Over the last few years, China has increased its vanadium use, producing steel rebar with high tensile strength for construction. Vanadium compounds are also used in nuclear reactors because they have low neutron-absorbing properties. Vanadium oxide is used as a pigment for ceramics and glass, and can act as a catalyst in the production of superconducting magnets.

    In addition to the steel alloy sector, the metal is often used to make parts for jet engines, as well as crankshafts, axles and gears. What’s more, vanadium redox batteries (VRFB) are currently generating excitement because they are reusable over semi-infinite cycles, and do not degrade for at least 20 years, allowing energy storage systems the ability to bank renewable energy.

    However, these batteries are quite large compared to lithium-ion batteries, and are better suited for industrial or commercial use rather than for use in electric vehicles. That said, there are a number of companies around the world working on developing the technology for residential and smaller-scale use.

    Vanadium supply trends

    The top vanadium producing countries are China, Russia and South Africa, and worldwide vanadium production totaled 100,000 metric tons (MT) in 2024. China was the world’s largest producer of vanadium by far, contributing 70,000 metric tons of vanadium. Russia came in at a distant second with output of 21,000 MT, and South Africa was in third place with 8,000 MT.

    Russian-owned Evraz is a large vanadium producer with assets in Russia and Czechia, and is a major supplier of ferrovanadium to the European steel market. In the first half of 2022, Russia’s invasion of Ukraine and subsequent trade sanctions have prompted end-users to look for more secure vanadium supplies. By the end of 2024, Russian vanadium pentoxide exports to China had dried up, and supply uncertainties were also reported in South Africa.

    For his part, CRU Group’s Goel believes other nations are also interested in boosting domestic vanadium production. “Governments worldwide have recognized vanadium as a critical mineral, leading to increased support for emerging vanadium projects,” he said. Goel cited as an example the private Australian company Vecco Group, which received an AU$3.8 million grant to advance the feasibility and design of its vanadium project in Brisbane.

    However, vanadium will have to break free from the current low pricing environment if ex-China projects are to move from discovery to production.

    How to invest in vanadium stocks

    Vanadium bullion is available from private individuals, but the metal is not publicly traded, and so most experts do not advise investing in physical vanadium. Instead, vanadium stocks are a common way to gain exposure.

    There are several publicly traded companies currently producing vanadium for investors to consider, as well as many companies exploring or developing vanadium projects, including as a by-product of other minerals. See the list of vanadium stocks you can invest in below for more details on their operations.

    [shortcode-js-qm-watchlist-widget stocks=’AVL:AU,BMN:LN,EFR:CC,LGO,NEXT:CC,QEM:AU,SR:CC,VRB:CC,WUC:CC’

    Australian Vanadium (ASX:AVL)
    Australian Vanadium is building a vanadium pit-to-battery value chain in Western Australia that will incorporate its flagship Australian Vanadium project, considered one of the most advanced vanadium projects being developed globally.

    Bushveld Minerals (LSE:BMN)
    Bushveld Minerals is a primary vanadium mining company with one of the world’s largest high-grade primary vanadium resources. The company’s assets, all in South Africa, include two of the world’s four operating primary vanadium production processing facilities and an under-construction vanadium electrolyte production facility.

    Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU)
    Energy Fuels is primarily focused on uranium and rare earth metals, but its White Mesa mill in Utah, US, has the ability to process uranium-bearing ore from its mines into vanadium pentoxide (V2O5) as well. While the company is not currently producing vanadium, it has a stockpile of finished V2O5, with production and sales awaiting stronger market prices.

    Largo Resources (TSX:LGO,NASDAQ:LGO)
    Largo Resources owns and operates the Maracas Menchen mine in Brazil, and has annual V2O5 equivalent production guidance of between 9,000 and 11,000 MT. The company supplies vanadium products for multiple applications, and has developed vanadium redox battery systems for advanced renewable energy storage solutions.

    Manuka Resources (ASX:MKR)
    Manuka Resources holds two fully permitted precious metals projects in the Cobar Basin of New South Wales, Australia. Through its wholly owned subsidiary, it is also advancing the Taranaki VTM iron-vanadium-titanium project, which would extract vanadium-rich iron sands from the seabed of the New Zealand exclusive economic zone.

    NextSource Materials (TSX:NEXT,OTCQB:NSRCF)
    NextSource Materials’ advanced-stage Green Giant in-situ vanadium project in Madagascar is one of the world’s largest-known vanadium deposits, with a resource estimate of 60 million MT of V2O5 at an average grade of almost 0.7 percent. Green Giant is adjacent to NextSource’s Molo graphite mine.

    QEM (ASX:QEM)
    QEM is advancing its flagship Julia Creek vanadium and energy project in Queensland’s North West Minerals Province. The project hosts one of the largest vanadium deposits in the world, with a JORC resource of 2.87 billion MT at 0.31 percent V2O5, and a contingent oil resource of up to 654 million barrels.

    Strategic Resources (TSXV:SR)
    Strategic Resources is targeting the green steel market with its flagship BlackRock vanadium-titanium-iron project in the Eeyou Istchee James Bay region of Québec, Canada. The project, which will host a mine and concentrator, is fully permitted and construction ready. The company will also have a metallurgical facility located in the Port of Saguenay.

    VanadiumCorp Resource (TSX:VRB)
    VanadiumCorp’s goal is to become a fully integrated producer of high-quality vanadium electrolytes for vanadium flow batteries. It plans to source material from its Lac Doré vanadium- and titanium-bearing magnetite deposit in the Eeyou Istchee James Bay region of Québec.

    Western Uranium and Vanadium (CSE:WUC,OTCQX:WSTRF)
    Western Uranium and Vanadium is developing high-grade uranium and vanadium production at its Sunday Mine Complex in Colorado, US, and licensing and developing the nearby Mustang mineral processing plant. In Q2 2025, it delivered stockpiled and new production from Sunday to Energy Fuels’ White Mesa mill through an ore purchase agreement.

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

    This post appeared first on investingnews.com

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    Investing

    Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu

    Investing 13 Mins Read

    Osisko Metals Incorporated (the ‘ Company ‘ or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

    Osisko Metals CEO Robert Wares commented: ‘The growth potential of the Gaspé Copper deposit continues to be demonstrated with today’s new high-grade results. Holes 30-1106 and 30-1109 reveal the presence of a thick, higher grade tabular zone lying at depth around the E Zone horizon near the eastern margin of our 2024 MRE model. This tabular zone may extend significantly to the east if it correlates to historical drilling results. Our expansion drilling is exceeding expectations, hand-in-hand with the solid infill results on our main resource area.’

    New analytical results are presented below (see Table 1), including 26 mineralized intercepts from six new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .

    Highlights:

    • Drill hole 30-1110
      • 1091.5 metres averaging 0.20% Cu (infill and expansion)
    • Drill hole 30-1109
      • 133.7 metres averaging 1.04% Cu (expansion)
    • Drill hole 30-1106
      • 159.1 metres averaging 0.45% Cu (expansion)
    • Drill hole 30-1103
      • 167.9 metres averaging 0.24% Cu (infill)
    • Drill hole 30-1108
      • 134.8 metres averaging 0.22% Cu (infill and expansion)
    • Drill hole 30-1111
      • 304.5 metres averaging 0.17% Cu (infill)
      • 206.3 metres averaging 0.33% Cu (expansion)

    Table 1: Infill and Expansion Drilling Results

    DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
    30-1103 14.6 144.0 129.4 0.17 1.40 0.19 Infill
    And 322.6 490.5 167.9 0.24 1.84 0.014 0.30 Infill
    And 510.0 583.5 73.5 0.27 2.02 0.029 0.40 Expansion
    And 618.0 714.0 96.0 0.12 1.09 0.024 0.20 Expansion
    And 790.5 854.0 63.5 0.26 1.38 0.010 0.30 Expansion
    30-1106 595.5 634.5 39.0 0.40 3.58 0.44 Infill
    And 694.0 716.0 22.0 0.29 1.60 0.008 0.32 Expansion
    And 741.0 802.5 61.5 0.18 0.97 0.014 0.23 Expansion
    And 844.7 1003.8 159.1 0.45 1.95 0.011 0.50 Expansion
    (including) 864.2 898.0 33.8 1.04 3.60 0.011 1.10 Expansion
    30-1108 9.0 53.0 44.0 0.20 1.80 0.21 Infill
    And 67.0 96.0 29.0 0.17 1.62 0.19 Infill
    And 160.5 199.5 39.0 0.12 1.05 0.008 0.16 Infill
    And 354.0 417.0 63.0 0.19 1.42 0.006 0.22 Infill
    And 442.2 579.0 134.8 0.22 1.17 0.030 0.34 Both
    And 662.7 695.8 33.1 0.22 0.75 0.021 0.31 Expansion
    And 877.5 900.3 22.8 0.62 5.14 0.67 Expansion
    30-1109 463.5 487.5 24.0 0.36 2.83 0.39 Infill
    And 543.0 583.5 40.5 1.35 8.29 0.012 1.44 Infill
    And 727.3 861.0 133.7 1.04 6.48 0.017 1.14 Expansion
    30-1110 8.0 1099.5 1091.5 0.20 1.52 0.017 0.28 Both
    (including) 8.0 743.6 735.6 0.20 1.50 0.015 0.27 Infill
    (including) 743.6 1099.5 355.9 0.21 1.55 0.021 0.30 Expansion
    And 1138.5 1177.5 39.0 0.12 0.90 0.014 0.17 Expansion
    30-1111 28.5 333.0 304.5 0.17 0.80 0.007 0.20 Infill
    And 391.5 602.5 210.5 0.16 0.78 0.028 0.27 Infill
    And 634.7 682.5 47.8 0.13 1.06 0.008 0.16 Expansion
    And 730.0 936.3 206.3 0.33 2.39 0.016 0.41 Expansion

    * See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
    ** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.

    Discussion

    Drill holes 30-1103 and 30-1108, both located near the western margin of the 2024 MRE model, cut multiple intersections of mineralized material, 20 to 168 metres thick, distributed in ‘layer cake’ fashion from surface to a vertical depth of 854 and 900 metres, respectively.

    Drill hole 30-1106, located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 600 metres, followed by four mineralized intervals to a vertical depth of 1004 metres. These include a higher-grade interval of 33.8 metres averaging 1.04% Cu and 3.60 g/t Ag located at the level of (and immediately below) the E Zone skarn horizon.

    Drill hole 30-1109, also located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 460 metres, followed by three mineralized intervals to a vertical depth of 860 metres. These also include a higher-grade interval of 133.7 metres averaging 1.04% Cu and 6.48 g/t Ag located in skarn and porcellanites above and below the E Zone skarn horizon.

    Both 30-1106 and 30-1109 suggest potential for the presence of a higher-grade tabular deposit around the E Zone horizon that, when combined with historical drilling data, indicates a potential extension eastward towards the previously mined E-32 Zone over a lateral distance of 800 metres.

    Drill hole 30-1110, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1091.5 metres averaging 0.20% Cu, 1.52 g/t Ag, and 0.017% Mo (0.28% CuEq), including 735.6 metres averaging 0.20% Cu, 1.50 g/t Ag, and 0.015% Mo (infill) and 355.9 metres averaging 0.21% Cu, 1.55 g/t Ag, and 0.021% Mo (expansion), extending mineralization to a vertical depth of 1100 metres and again confirming continuity of mineralization in the core of the deposit.

    Drill hole 30-1111, located immediately west of Copper Mountain near the southern lip of the pit, intersected 304.5 metres (from surface) averaging 0.17% Cu and 0.80 g/t Ag followed by three more intersections that included expansion at depth of 206.3 metres averaging 0.33% Cu, 2.39 g/t Ag, and 0.016% Mo, extending mineralization in this area to a vertical depth of 936 metres. The central porphyry intrusion was then intersected and returned 76 metres averaging negligible copper (0.08% Cu) but significant molybdenum (0.023% Mo).

    Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.

    The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).

    The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.

    All holes are being drilled sub-vertically into the altered calcareous stratigraphy, which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.

    Table 2: Drill hole locations

    DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation
    30-1103 0.00 -90.00 930.0 316056.0 5426038.0 634.7
    30-1106 0.00 -90.00 1131.0 316500.0 5426360.0 628.7
    30-1108 0.00 -90.00 960.00 315900.0 5426136.0 638.9
    30-1109 0.00 -90.00 861.00 316600.0 5426205.0 608.2
    30-1110 0.00 -90.00 1200.00 316077.0 5426355.0 742.7
    30-1111 0.00 -90.00 1014.00 315600.0 5426408.0 590.0

    Explanatory note regarding copper-equivalent grades

    Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, US$20.00/lb molybdenum, and US$24.00/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.

    Qualified Person

    The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

    Quality Assurance / Quality Control

    Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades . True widths are estimated at 90- 92% of the reported core length intervals.

    Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.

    About Osisko Metals

    Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ‘ s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

    In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ‘ s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ‘ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

    For further information on this news release, visit www.osiskometals.com or contact:

    Don Njegovan, President
    Email: info@osiskometals.com
    Phone: (416) 500-4129

    Cautionary Statement on Forward-Looking Information

    This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

    Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained herein.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1435bbf7-6580-47e7-9906-c67a832e9456

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ffb2d0f5-e4f4-4672-8e6e-e41e07fc2f68

    News Provided by GlobeNewswire via QuoteMedia

    This post appeared first on investingnews.com

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    Business

    Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

    Business 3 Mins Read

    Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever.

    Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could no longer ‘in good conscience’ remain an employee of the company and said the company had been ‘silenced.’

    He said the company’s values and campaigning work on ‘peace, justice, and human rights’ allowed it to be ‘more than just an ice cream company’ and said the independence to pursue this was guaranteed when Anglo-Dutch packaged food giant Unilever bought the brand in 2000 for $326 million.

    Cohen’s statement didn’t mention Israel’s ongoing military operation in Gaza, but Ben & Jerry’s has been outspoken on the treatment of Palestinians for years and in 2021 withdrew sales from Israeli settlements in what it called ‘Occupied Palestinian Territory.’

    Greenfield’s resignation comes five months after Ben & Jerry’s filed a lawsuit accusing Unilever of firing its chief executive, David Stever, over his support for the brand’s political activism. In November last year Ben & Jerry’s filed another lawsuit accusing Unilever of silencing its public statements in support of Palestinian refugees.

    ‘It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone,’ Greenfield said.

    ‘And it’s happening at a time when our country’s current administration is attacking civil rights, voting rights, the rights of immigrants, women, and the LGBTQ community,’ he added.

    Jerry Greenfield, left, and Bennett Cohen, the founders of Ben and Jerry’s founders, in Burlington, Vt., in 1987.Toby Talbot / AP file

    Richard Goldstein, the then president of Unilever Foods North America, said in a statement after the sale in 2000 that Unilever was ‘in an ideal position to bring the Ben & Jerry’s brand, values and socially responsible message to consumers worldwide.’

    But now Greenfield claims Ben & Jerry’s ‘has been silenced, sidelined for fear of upsetting those in power.’ He said he would carry on campaigning on social justice issues outside the company.

    The financial performance of the Ben & Jerry’s brand isn’t made public but Unilever’s ice cream division made 8.3 billion Euros ($9.8 billion) in revenue in 2024. Unilever is in the process of spinning off its ice cream division, however, into a separate entity which involves cutting some 7,500 jobs across its brands globally.

    Cohen and Greenfield founded the business in 1978 in Burlington, Vermont, where it is still based.

    NBC News has contacted Unilever for comment overnight but had not received any at the time of publication.

    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

    NVIDIA Facing Weak Demand for New Chip as Chinese Firms Turn to Homegrown Silicon

    Investing 3 Mins Read

    NVIDIA’s (NASDAQ:NVDA) new RTX6000D chip, built to comply with US export curbs, is seeing little demand from major Chinese firms, sources familiar with the matter told Reuters this week.

    Tests showed it lags the banned RTX5090, which remains widely available through gray market channels at less than half the RTX6000D’s price of roughly 50,000 yuan (around US$7,000).

    NVIDIA currently faces a balancing dilemma in China, where the US has barred exports of its most advanced processors to limit Beijing’s artificial intelligence (AI) progress, forcing the company to design downgraded models.

    While sell-side analysts had forecast robust demand, including projections of 1.5 million to 2 million RTX6000Ds produced in the second half of 2025, some of China’s biggest technology buyers appear unconvinced.

    Instead, tech giants Alibaba (NYSE:BABA), Tencent Holdings (OTC Pink:TCEHY,HKEX:0770) and ByteDance are waiting for clarity on shipments of NVIDIA’s H20, the most powerful AI processor the US has permitted the firm to sell in China.

    The US reinstated licenses for the H20 in July, but deliveries have not restarted. Companies are also watching closely to see whether NVIDIA’s B30A, a stronger model still under review in Washington, will win approval.

    Chinese tech firms turn to local alternatives

    At the same time, NVIDIA is facing a longer-term challenge: leading Chinese firms are beginning to lean more heavily on their own silicon. Alibaba and Baidu (NASDAQ:BIDU) have started using internally designed chips to train AI models, according to the Information, marking a shift away from exclusive reliance on NVIDIA hardware.

    Alibaba has deployed its chips for smaller AI models since early this year, while Baidu is experimenting with training new versions of its Ernie AI model using its Kunlun P800 processor.

    According to the report, three employees who have worked with Alibaba’s chip said that its performance is now competitive with NVIDIA’s H20, a sign of the rapid improvement in China’s homegrown designs.

    Neither Alibaba nor Baidu responded to requests for comment from Reuters.

    In response to the report, NVIDIA said: “The competition has undeniably arrived … We’ll continue to work to earn the trust and support of mainstream developers everywhere.”

    Although most companies still rely on NVIDIA chips for their most advanced systems, Beijing has made clear that it wants its local firms to reduce dependence on foreign suppliers by adopting domestic alternatives where feasible.

    Regulatory pressure from Beijing

    Compounding NVIDIA’s difficulties, China’s market regulator has accused the US chipmaker of violating anti-monopoly laws. The watchdog did not specify what conduct was under investigation, but said it will continue its probe.

    NVIDIA refuted the allegations, stating that it has complied with Chinese law “in all respects” and pledging to cooperate with “all relevant government agencies.”

    The company has been under scrutiny in China since December, when regulators launched an initial inquiry seen as a countermeasure in the wider semiconductor standoff with Washington.

    NVIDIA CEO Jensen Huang said late last month that discussions with the White House over licensing a less advanced version of its next-generation chip for China “will take time.”

    Separately, the company has reportedly struck a deal with US President Donald Trump to exchange 15 percent of its China sales revenue from H20 chips in return for export approvals.

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

    This post appeared first on investingnews.com

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    Investing

    Newmont Withdraws from Mount Coolon Joint Venture, GBM Regains Full Ownership

    Investing 2 Mins Read

    GBM Resources (ASX:GBZ) announced it has regained ownership of the Mount Coolon gold project in Queensland following Newmont’s (TSX:NEM,NYSE:NEM,ASX:NEM) termination of a 2022 farm-in agreement.

    GBM made the deal with Newcrest Mining before that company was acquired by Newmont in 2023.

    Newmont’s withdrawal is part of its focus on divesting non-core assets to hone in on its more profitable and stable tier one operations. The company has made substantial adjustments to its portfolio this year.

    GBM reacted positively to Monday’s (September 15) news, saying that regaining full ownership of the project aligns with its strategy to build a leading gold portfolio in the Drummond Basin.

    “We are excited to regain 100 percent ownership, and our exploration team are enthusiastic about getting on the ground as we see significant upside on the Mt Coolon Tenure,” commented CEO Daniel Hastings.

    Located within the Drummond Basin and near GBM’s Twin Hills and Yandan projects, Mount Coolon has a JORC resource of 6.65 million tonnes at 1.54 grams per tonne gold for 330,000 ounces of the metal.

    Together, Twin Hills and Yandan hold a total resource of 1.84 million ounces of gold.

    “With Twin Hills and Yandan nearby, we now control a substantial area of highly prospective ground within the Drummond Basin which provides GBM with the scale and flexibility to unlock significant value,’ Hastings added.

    Newmont also announced the sale of its Coffee project in Yukon, Canada, to Fuerte Metals (TSXV:FMT,OTCQB:FUEMF) on Monday for potential total consideration of US$150 million. The company said that sale was also part of its efforts to streamline its portfolio and sharpen its focus on core operations.

    On September 10, Newmont said it plans to voluntarily delist from the Toronto Stock Exchange.

    Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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    Business

    LimeWire acquires Fyre Festival, asking ‘What Could Possibly Go Wrong?’

    Business 2 Mins Read

    LimeWire, the filesharing service that set the internet ablaze in the 2000s before being shut down for copyright infringement, said Tuesday that is acquiring the rights to Fyre Festival.

    And it appreciates the irony.

    ‘LimeWire Acquires Fyre Festival Brand — What Could Possibly Go Wrong?’ the company titled its news release.

    LimeWire said it would “unveil a reimagined vision for Fyre — one that expands beyond the digital realm and taps into real-world experiences, community, and surprise.” The company offered no additional details about how the Fyre brand will be relaunched.

    For years, LimeWire operated as a competitor to fellow file-sharing platform Napster before being effectively shut down by a court ruling in 2010 after a judge ruled it had facilitated large-scale copyright violations. In 2022, Austrian brothers Julian and Paul Zehetmayr bought LimeWire’s intellectual property and turned it into an NFT service.

    Fyre Festival was a 2017 music festival that saw ticket buyers spend thousands of dollars for a weekend in the Bahamas only to be met with a logistics debacle that included portable bathrooms taking the place of regular toilets, and low-budget food options that betrayed promises of celebrity chef fare. Organizer Billy McFarland was later convicted of fraud and sentenced to six years in prison.

    “Fyre became a symbol of hype gone wrong, but it also made history,” LimeWire CEO Julian Zehetmayr said. “We’re not bringing the festival back — we’re bringing the brand and the meme back to life. This time with real experiences, and without the cheese sandwiches.”

    LimeWire said its bid was backed by Maximum Effort, the creative agency co-founded by the actor and entrepreneur Ryan Reynolds.

    “Congrats to LimeWire for their winning bid for Fyre Fest,” Reynolds said in the release. “I look forward to attending their first event but will be bringing my own palette of water.”

    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.

    Keep Reading
    Investing

    Angkor Resources: Unlocking Cambodia’s Resource Potential through Energy and Minerals Assets

    Investing 2 Mins Read

    Founded in 2009 and listed in 2011, Angkor Resources (TSXV:ANK,OTCQB:ANKOF) has developed a dual focus on energy and minerals across Asia and North America.

    Angkor Resources is advancing a dual-track strategy across energy and minerals. In Canada, its subsidiary EnerCam Exploration generates revenue from oil production, water disposal, and gas processing, while also pioneering carbon capture and conversion solutions.

    In Cambodia, subsidiary EnerCam Resources is driving the nation’s first-ever onshore oil and gas exploration on Block VIII, positioning the company for transformational growth. On the mineral side, Angkor is a first-mover in Cambodia’s underexplored belts, with licenses at Andong Meas and Andong Bor targeting both precious and base metals, where exploration has already confirmed copper porphyry systems and high-grade gold mineralization.

    Angkor mitigates risk by diversifying revenue, combining recurring Canadian cash flow with high-impact exploration in Cambodia, where management prioritizes hydrocarbons and copper, highlighting 25 million recoverable barrels and significant copper-gold potential.

    Company Highlights

    • Diversified Energy & Mineral Portfolio: Exposure to high-impact oil and gas exploration in Cambodia (Block VIII), recurring energy revenues in Canada, and copper-gold porphyry systems with gold epithermal near-surface prospects in Cambodia.
    • Near-term Catalysts:
      • Results from copper porphyry in Cambodia within 30 to 60 days;
      • Seismic completion and interpretation for drill targets on Block VIII within 90 days; and
      • Acquisition of oil production for increased recurring revenue streams.
    • Transformational Asset: Block VIII is Cambodia’s first onshore oil and gas exploration license, strategically located near export infrastructure. Potential minimum targets estimated at 25 to 50+ million recoverable barrels.
    • Revenue-backed Model: EnerCam Canada provides recurring revenue streams via oil production, water disposal, gas processing, and carbon capture solutions, insulating Angkor from over-reliance on equity markets.
    • Strong ESG Commitment: Recognized at the United Nations for sustainability, Angkor integrates carbon capture, community partnerships and environmental responsibility into every project.
    • Aligned Shareholder Base: Over 40 percent insider ownership with regular insider buying, demonstrating management’s confidence in long-term growth.

    This Angkor Resources profile is part of a paid investor education campaign.*

    Click here to connect with Angkor Resources (TSXV:ANK) to receive an Investor Presentation

    This post appeared first on investingnews.com

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