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LaFleur Minerals

Investing 8 Mins Read

Investor Insight

LaFleur Minerals is advancing a district-scale gold platform anchored by a defined resource base and a fully permitted processing facility in Québec’s Abitibi region. With ongoing mill restart activities and a targeted gold pour on the horizon, the company offers investors exposure to both near-term production potential and meaningful exploration upside.

Overview

LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF) is a growth-oriented gold exploration and development company focused on building a scalable mining platform within Québec’s Abitibi region, a belt that has produced more than 190 million ounces of gold historically. The company’s strategy is centered on advancing its flagship Swanson deposit while leveraging existing infrastructure to accelerate timelines to production.

A key differentiator is LaFleur’s vertically integrated model: combining resource expansion with ownership of a permitted processing facility. This approach reduces development risk, lowers capital intensity, and positions the company to monetize discoveries faster than traditional single-asset explorers.

With a market valuation that management believes does not yet reflect the combined value of its resource base, infrastructure and exploration pipeline, LaFleur offers exposure to both near-term catalysts and long-term district-scale discovery potential.

Company Highlights

  • District-Scale Land Position: Controls ~183 sq km of claims near Val‑d’Or in Québec, one of the world’s most prolific gold jurisdictions.
  • Flagship Resource Asset: Swanson Gold Project hosts NI 43-101 resources of 123,400 oz indicated and 64,500 oz inferred with expansion potential.
  • Strategic Infrastructure Ownership: Owns the fully permitted Beacon Gold Mill with 750 tpd capacity and low restart cost.
  • Growth-Focused Exploration: 5,000 m drill program underway targeting resource growth to >1 Moz.
  • Proven Asset Consolidation: Claims assembled from prior operators including Monarch Mining, Abcourt Mines and Globex.
  • Tier-1 Jurisdiction: Québec ranks among the world’s top mining investment regions according to the Fraser Institute.
  • Experienced Leadership: Led by CEO Paul Ténière, a geologist with extensive development and technical reporting expertise.

Key Projects

Swanson Gold Project – Flagship Asset

The Swanson project forms the cornerstone of LaFleur’s growth strategy. Spanning more than 18,300 hectares, the property hosts multiple deposits and mineralized trends along favorable regional structures and deformation corridors. Historic drilling exceeding 36,000 meters demonstrates strong geological continuity and supports expansion potential across the broader land package.

Located approximately 66 km north of Val-d’Or with road and rail access, Swanson sits in close proximity to established operators such as Agnico Eagle and Eldorado, as well as developers including Probe Gold and O3 Mining. Ongoing geophysics, soil geochemistry and drilling continue to identify new targets, reinforcing the project’s potential to evolve into a large-scale gold system.

Project Highlights:

  • Spans +18,300 hectares (183 sq km) and rich in gold and critical metals, hosts the Swanson, Bartec and Jolin gold deposits
  • Previously held by Monarch Mining, Abcourt Mines and Globex
  • Accessible by road/rail, 66 km north of Val-d’Or on the Southend Abitibi gold belt, close proximity to established producers such as Agnico Eagle and Eldorado, as well as developers like Probe Gold and O3 Mining, with direct access to several nearby gold mills
  • Mineral resource estimate reinforces status as flagship project:
    • Indicated mineral resource estimate of 2,113,000 t with average grade of 1.8 g/t gold, containing 123,400 oz of gold.
    • Inferred mineral resource estimate of 872,000 t with average grade of 2.3 g/t gold, containing 64,500 oz of gold
    • The project’s current MRE was optimized with a price of gold at US$1,850/oz, current gold market price has hit above US$3,000/oz
  • $3 million in flow-through to deploy with immediate plans to increase gold resources through diamond drilling at Swanson, Bartec, Jolin, and other gold deposits
  • Other key developments include a decline portal and ramp extending to a depth of 80 metres; well positioned for advanced exploration with over $5 million invested by the previous owner between 2021 and 2023
  • Since acquiring the Swanson deposit and consolidating the large claims package, the company has deployed in excess of $1 million in flow-through funds, completed detailed soil geochemistry and prospecting across several gold targets, completed a very-high resolution airborne magnetic and VLF-EM geophysical survey, and is currently in the process of completing a ground IP survey over the Swanson, Jolin, and Bartec gold deposits
  • Several new promising gold targets have been identified from the recent surface exploration and geophysics programs, highlighting the potential for mineral resource growth and new discoveries at Swanson

With advanced assets and infrastructure in place, LaFleur Minerals is well-positioned as a leading gold development company in Québec.

Beacon Gold Mill – Near-term Production

The Beacon Gold Mill is a strategically located processing facility less than 50 km from Swanson and represents a rare asset for a junior developer: a fully permitted plant capable of near-term restart. The 750-tpd mill underwent approximately $20 million in upgrades and refurbishment, placing it in excellent operational condition and substantially reducing restart timelines.

An independent valuation by Bumigeme estimated rehabilitation costs at about C$4.1 million and a replacement value exceeding C$71.5 million, underscoring its strategic importance. Beyond processing Swanson material, the mill also offers potential toll-milling revenue from regional deposits, providing LaFleur with multiple pathways to cash flow as it transitions toward producer status.

Project Highlights:

  • Capable of custom milling operations for other nearby gold projects
  • Currently being evaluated for processing mineralized material from Swanson as part of a high-level preliminary mining and economic study
  • Past-producing Beacon Mine is located on the site of the Beacon Mill: the property consists of a mining lease, a mining concession, and 11 mining claims
  • Beacon I and II mines include mineralized zones where limited historical gold production was achieved during the period of 1984 to 1988 and again in 2005
  • The advancement of operations at the Beacon Mill has transformational qualities for the company, evolving it from explorer to a near-term gold producer in a Tier 1 jurisdiction with significant upside potential

Management Team

Kal Malhi – Chairman

A successful entrepreneur and the founder of Bullrun Capital, Kal Malhi has raised over $300 million for various public and private companies across multiple industries, including mining, biotechnology and technology.

Paul Ténière – CEO

Paul Ténière has more than 20 years of experience in mine development, geology and project management. He has held senior leadership roles across multiple mining companies and is a recognized expert in NI 43-101 compliance and technical reporting.

Harry Nijjar – CFO and Corporate Secretary

Harry Nijjar is currently a managing director with Malaspina Consultants and provides CFO and strategic financial advisory services to his clients across many industries. This experience has allowed him to help his clients successfully navigate regulatory and financial environments within which they operate. Harry holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a BComm from the University of British Columbia

Louis Martin – Technical Advisor and Exploration Manager

Louis Martin is a professional geoscientist. and has been a major contributor to the discovery of several gold and base metal deposits during his more than 40-year career. Martin has been fortunate to be part of the exploration teams that were awarded the Discovery of the Year by the AEMQ for the West Ansil Deposit (2005) and the Louvicourt Deposit (1989). He has worked on several advanced exploration projects that included bringing four of these projects into production. For the last eight years, Martin has worked as a technical advisor and geological consultant for numerous junior and major mining companies.

Preet Gill – Director

Preet Gill is a business professional offering leading development and implementation of superior business strategy. Gill has a proven track record of identifying and creating profitable business opportunities, qualifying authentic prospects, and cultivating strong partnerships. She has over 28 years of experience in leadership roles within Home Depot Canada and has an MBA from Royal Roads University and certificates in business leadership from Queen’s University.

Harveer Sidhu – Director

Harveer Sidhu is the founder of BuildSmartr.com and has served as a director, officer and audit committee member for publicly listed companies. Sidhu is experienced in manufacturing, import and exporting, information technology systems, e-commerce and construction project management. He is also the president and director of Beyond Medical Technologies. He holds a bachelor’s degree from Simon Fraser University and has been a licensed builder with BC Housing since 2014.

Michael Kelly – Director

Michael Kelly is a former member of the Canadian Armed Forces Military Police and a retired member of the Royal Canadian Mounted Police. Kelly currently serves as a Partner at BullRun Capital Inc. and is a respected businessman based in Kelowna, British Columbia. He is also a director and member of the audit committee of Beyond Medical Technologies, an industrial/technology company with a manufacturing facility located in Delta, British Columbia.

Jean Lafleur – Senior Advisor

A highly respected geologist with over 40 years of experience in the mining sector, Jean Lafleur has led multiple exploration programs and mining projects, contributing to major gold discoveries worldwide.

This post appeared first on investingnews.com

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Investing

Steadright Critical Minerals: Advancing High-grade Mineral Assets in Morocco

Investing 2 Mins Read

Steadright Critical Minerals (CSE:SCM) is a Canadian-listed exploration and development company focused on unlocking value from Morocco’s mineral-rich terrain. It prioritizes assets with past production, strong geological datasets, and defined development pathways, aiming to shorten timelines, lower risk, and balance near-term cash flow with longer-term discovery upside.

Its core assets include the fully permitted, past-producing Goundafa polymetallic mine, the Copper Valley copper-lead-silver project in a proven mining district, and the TitanBeach heavy mineral sands project along Morocco’s Atlantic coast. A recent letter of intent with SilverLine Mining SARL could further strengthen the portfolio by adding a licensed, silver-focused asset, reinforcing Steadright’s strategy of acquiring high-quality, permitted projects.

Operating in Morocco—a jurisdiction known for modern mining legislation, strong infrastructure, and competitive fiscal incentives—Steadright benefits from a supportive mining environment. The company is led by an experienced management team with decades of global mining, exploration, and capital markets expertise, positioning it to advance its projects efficiently.

Company Highlights

  • Near-Term Production: The historic Goundafa Polymetallic mine is fully permitted with a legacy of high-grade zinc, lead, copper, silver, and gold production, Goundafa offers near-term, non-dilutive cash flow from historic stockpile sales under a binding processing agreement.
  • Diversified Portfolio: Fully permitted Goundafa Polymetallic mine (PbZn-Cu-Ag-Au), the Copper Valley CopperLead-Silver Project, SilverLine Mining Sarl (LOI) and the TitanBeach Heavy Mineral Sands
  • Strategic Moroccan Operations: Operating in a mining-friendly jurisdiction with modern legislation, strong infrastructure, and significant fiscal incentives including corporate tax exemptions.
  • Experienced Leadership: Management and technical teams bring decades of international mining, exploration, and capital markets experience.

This Steadright Critical Minerals profile is part of a paid investor education campaign.*

Click here to connect with Steadright Critical Minerals (CSE:SCM) to receive an Investor Presentation

This post appeared first on investingnews.com

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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

Genesis Moves to Acquire Magnetic in US$450 Million Deal, Boosts Laverton Growth Strategy

Investing 3 Mins Read

Genesis Minerals (ASX:GMD,OTCPL:GSISF) has struck a recommended deal to acquire Magnetic Resources (ASX:MAU) in a transaction that would add more than 2 million ounces of high-grade gold to its Laverton inventory and reshape its production growth outlook in Western Australia.

Under a binding Scheme Implementation Deed announced Tuesday (February 17), Genesis will acquire 100 percent of Magnetic via a court-approved scheme of arrangement. The offer values Magnetic at approximately US$450 million on a fully diluted basis.

At the centre of the deal is Magnetic’s flagship Lady Julie gold project in the Laverton region, which hosts a mineral resource of approximately 2.2 million ounces grading 1.8 grams per tonne (g/t) gold, and ore reserves of around 1 million ounces at 1.7 g/t. The project sits roughly 20 kilometres from Genesis’ operating 3 million tonne per annum Laverton mill.

“This transaction creates substantial value for both groups of shareholders, delivering genuine synergies while combining the right assets with the right people,” Genesis Executive Chair Raleigh Finlayson said.

“Magnetic’s Lady Julie Gold Project will add more than 2Moz at an attractive high grade to Genesis’ Laverton inventory, further bolstering the mine life and production outlook.”

Lady Julie’s northern boundary adjoins ground recently acquired by Genesis through its purchase of Focus Minerals’ (ASX:FML,OTCPL:FCSUF) Laverton gold project, creating the potential to integrate what would otherwise be neighbouring standalone developments into a larger open pit operation.

Genesis said removing tenement boundaries between the assets presents tangible cost and operational synergies. The acquisition would expand its Laverton mineral resources to approximately 8.4 million ounces, representing a 40 percent increase, and lift its pro forma total mineral resources to 21 million ounces.

The company signaled that the deal could support an uplift to its “ASPIRE 500” growth strategy, with an updated multi-year plan expected following completion.

Magnetic Managing Director George Sakalidis said the deal follows a strategic review exploring development pathways for Lady Julie: “Genesis’ offer follows a strategic review which the Board and its advisers have been working on for several years to explore potential options to collaborate with other operators which have the existing skill set or combination synergies to develop Magnetic’s discoveries and unlock value for our shareholders.’

If implemented, Magnetic shareholders would own approximately 2.4 percent of the enlarged Genesis. Major shareholders representing about 19.6 percent of Magnetic’s issued shares have already committed to vote in favour of the scheme, subject to customary conditions.

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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Business

CFTC chief sides with prediction markets over state regulators in a high-stakes court case

Business 3 Mins Read

The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets.

CFTC Chairman Michael Selig said Tuesday in a video posted on X that the agency has filed a “friend of the court brief” in support of Crypto.com in its escalating legal battle with regulators in Nevada.

The move is significant because it marks the first time under Selig that the CFTC has taken sides in what is shaping up to be an epic fight between regulators and prediction markets, platforms that allow users to trade contracts tied to a wide range of events, from local elections to the Super Bowl.

By intervening, Selig’s CFTC is effectively arguing that prediction markets are federally regulated and not subject to state-level gambling laws.

“Over the past year, American prediction markets have been hit with an onslaught of state-led litigation,” Selig said in the video.

“The CFTC will no longer sit idly by while overzealous state governments undermine the agency’s exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products,’ said Selig.

The debate over how the platforms should be regulated comes as they explode in popularity. Kalshi said Super Bowl 60 generated more than $1 billion in total trading volume — a 2,700% increase from last year.

It’s a fight with broad implications and high stakes. Over the past year, several states including Massachusetts and Nevada have moved to restrict prediction markets, filing lawsuits, issuing cease-and-desist letters and arguing that the platforms amount to unlicensed gambling.

Utah’s Republican governor, Spencer Cox, said in a post on X Tuesday that he will use “every resource” within his disposal to “beat” Selig in court.

“These prediction markets you are breathlessly defending are gambling—pure and simple,” he said. “They are destroying the lives of families and countless Americans, especially young men. They have no place in Utah.”

Meanwhile, Cox’s fellow Republican, Sen. Bernie Moreno of Ohio, issued his support of Selig’s announcement on X. “Clear lines of delineation and clarity on regulations is essential for American led innovation,’ he said.

Selig’s move comes days after a group of Democratic senators led by Nevada’s Catherine Cortez Masto sent the chairman a letter urging the CFTC to ‘abstain from intervening in pending litigation involving contracts tied to sports, war, or other prohibited events.’

As states attempt to rein in these fast-growing platforms, the question is no longer simply whether these products amount to gambling. It’s who gets to decide that question.

Industry advocates argue that the platforms aren’t gaming, which is traditionally regulated by states. Instead, they claim the prediction markets are financial exchanges that fall under the CFTC’s purview, where users trade contracts with one another. and don’t bet against a “house.” The exchanges don’t set odds or take the opposite side of trades. Instead, they collect transaction fees, similar to a brokerage.

In the video, Selig said prediction markets allow Americans to “hedge commercial risks like increases in temperature and energy price spikes,” and they act as “an important check on our news media and our information screens.”

He ended the video with a warning directed at the state attorneys general who are on the front lines of the legal fights to regulate prediction markets: “To those who seek to challenge our authority in this space, let me be clear: We will see you in court.”

This post appeared first on NBC NEWS

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Business

Warner Bros. Discovery reopens talks with Paramount

Business 4 Mins Read

Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant.

In a statement, Warner Bros. Discovery said it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday ‘to make its best and final offer.’

It also said a ‘senior representative’ of Paramount had indicated that the CBS owner would be willing to meet an even higher price, $31 a share, seemingly enticing the board back to the table.

At the same time, Warner Bros. is still recommending its shareholders vote at a special meeting March 20 to approve the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Paramount is seeking to buy the entirety of Warner Bros. Discovery.

‘Every step of the way, we have provided [Paramount Skydance] with clear direction on the deficiencies in their offers and opportunities to address them,’ David Zaslav, CEO of Warner Bros. Discovery, said in the statement.

In a letter to the Paramount board — chaired by David Ellison, also the company’s CEO and controlling shareholder — Warner Bros. said that while Paramount had indicated it would address ‘unfavorable terms and conditions,’ these had not yet been removed from the proposed merger agreement.

Warner Bros. has repeatedly rejected previous bids from Paramount, citing the ‘insufficient value’ offered.

In a separate statement, Netflix hit out at what it called Paramount’s ‘antics.’

‘Throughout the robust and highly competitive strategic review process, Netflix has consistently taken a constructive, responsive approach with WBD, in stark contrast to Paramount Skydance,’ it said.

Netflix said that it was ‘confident that our transaction provides superior value and certainty’ but also recognized ‘the ongoing distraction for WBD stockholders and the broader entertainment industry caused by’ Paramount. The company said it granted Warner Bros. the one-week window to reopen talks with Paramount to ‘fully and finally resolve this matter.’

Netflix also took aim at the regulatory process required for either company to complete a takeover.

It said that Paramount has ‘repeatedly mischaracterized the regulatory review process by suggesting its proposal will sail through.’

‘WBD stockholders should not be misled into thinking that PSKY has an easier or faster path to regulatory approval — it does not,’ Netflix said.

In a statement, Paramount Skydance reiterated its existing offer to Warner Bros. Discovery of $30 per share. The company did not indicate if it would submit a higher bid.

Paramount called the one-week negotiating window ‘unusual’ but said it ‘is nonetheless prepared to engage in good faith and constructive discussions.’

The Ellison-backed media giant also said it would continue advocating against the Netflix deal and submit a slate of directors for Warner Bros.’ board at the upcoming shareholder meeting, as it previously planned to.

President Donald Trump, whose administration approved Ellison’s takeover of Paramount last year, said early in the bidding process he would be involved in approving a deal with Warner Bros.

But earlier this month, Trump changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he told ‘NBC Nightly News’ anchor Tom Llamas.

Trump still hinted that one company looked problematic to him. ‘I mean, there’s a theory that one of the companies is too big and it shouldn’t be allowed to do it,’ he said.

‘They’re beating the hell out of each other and there’ll be a winner,’ Trump said.

Warner Bros. has an archive of storied movies, as well as a diverse portfolio of brands including CNN and HBO.

The bidding war for the media empire comes at a pivotal time for the entertainment industry, with traditional broadcasters and studios facing serious challenges from digital newcomers Netflix, Apple and Amazon.

Since Netflix announced its deal to buy parts of Warner Bros. Discovery, its shares have tumbled nearly 25%.

This post appeared first on NBC NEWS

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Investing

Silverco Mining: Advancing a High-grade Silver Mining Complex in Mexico

Investing 2 Mins Read

Silverco Mining (TSXV:SICO) is a production-stage silver company targeting opportunities in Mexico’s Sierra Madre Occidental belt. Its primary technical focus is optimizing the wholly owned Cusi Mining Complex in Chihuahua, an 11,665-hectare district-scale property. The site benefits from established, institutional-quality infrastructure—such as direct access to the national power grid and paved roads—significantly lowering the capital requirements for restarting operations.

The company is undertaking a definitive transition toward mid-tier producer status through a binding agreement to acquire Nuevo Silver. This deal gives Silverco control of the La Negra mine in Querétaro, a currently producing asset that delivers immediate top-line revenue. By pairing the near-term restart of the Cusi 1,200 tpd mill with ongoing production at La Negra, Silverco is effectively bypassing the multi-year development cycle typically faced by junior miners.

This “buy-and-build” strategy is driven by a technical team with specialized expertise in Mexican epithermal vein systems and complex underground mine engineering, positioning the company to accelerate growth while maintaining operational discipline.

Company Highlights

  • The $62.5 million upsized bought deal financing (closing Q1 2026) and Eric Sprott’s $10 million lead order provide cornerstone validation from a legendary mining investor and the necessary liquidity to fast-track production restarts.
  • The updated Mineral Resource Estimate of 41.2 million ounces of silver equivalent (AgEq) in the Measured and Indicated category establishes a high-confidence geological foundation at Cusi, supporting long-term mine planning.
  • The dual-track growth strategy involving the Cusi restart and the Nuevo Silver/La Negra acquisition provides immediate production scale and a diversified cash-flow profile across two distinct Mexican mining jurisdictions.
  • Pure-play silver exposure with significant de-risking is achieved via the 1,200 tonne-per-day (tpd) Cusi mill, which was producing as recently as 2023, ensuring that surface infrastructure is ‘warm’ and capable of a rapid return to service.
  • Imminent exploration catalysts exist following the completion of a 15,000-metre drill program at Cusi; results are currently pending and are expected to define high-grade extensions at the San Miguel vein.

This Silverco Mining profile is part of a paid investor education campaign.*

Click here to connect with Silverco Mining (TSXV:SICO) to receive an Investor Presentation

This post appeared first on investingnews.com

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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

Canada One Assays up to 9.96 g/t High-Grade Au with Cu and Ag at the Reco Target, Copper Dome Project

Investing 9 Mins Read

Canada One Mining Corp. (TSXV: CONE,OTC:COMCF) (OTC Pink: COMCF) (FSE: AU31) (‘Canada One’ or the ‘Company’) is pleased to report high-grade gold results, accompanied by copper and silver values, from the Reco target at the Copper Dome Project, (‘Copper Dome’, ‘Project’ or ‘Property’) located adjacent to the Hudbay Minerals Inc. producing Copper Mountain Mine, Princeton, B.C.

ROCK SAMPLING HIGHLIGHTS

SAMPLE ID GOLD (G/T) SILVER (G/T) COPPER (%)
       
C0066671 8.17 6.83 1.75
       
C0066670 9.96 9.62 0.78

 

Table 1: Notable Rock Grab Sample Results from the 2025 Exploration Program at the Reco target.

Reco Target Sampling

In the fall of 2025, the geological team visited the Reco target, a previously known showing, and established seven new geological stations and collected four fresh rock samples (C0066668-C0066671). The two highest-grade samples collected from Reco were C0066670 (9.96 g/t Au, 9.62 g/t Ag, 0.78% Cu) and C0066671 (8.17 g/t Au, 6.83 g/t Ag, 1.75% Cu). Both samples returned elevated iron values, with sample C0066670 recording the highest iron content of the 2025 program at 12.75% Fe, reflecting intense iron oxide alteration and the potential weathering of significant sulphide mineralization at the target.

Reco is located approximately 1.8 km SSE of the Friday Creek potassic zone. Assay results from Friday Creek, also collected during the fall 2025 program, are pending release.

Peter Berdusco, President and CEO of Canada One, commented: ‘The presence of high-grade gold at Reco, part of the Copper Dome Project, significantly strengthens Canada One’s exploration thesis. The gold target sits strategically between our primary porphyry targets at Copper Dome, and the presence of near-surface gold is particularly promising given how porphyry systems often generate economically meaningful flanking gold zones—enhancing both the district-scale potential and the strategic value of our project portfolio.’

Significance of Results

Results from the Reco target meaningfully expands the Copper Dome opportunity from a ‘copper-porphyry only’ story into a broader multi-commodity mineral system that also includes a compelling high-grade, potentially near-surface, gold-silver-copper target. The standout grab samples are particularly encouraging, as such grades can signal a robust hydrothermal event capable of generating economically meaningful high-grade shoots on the margins of, or structurally linked to, porphyry centers.

Strategically, Reco’s location between key porphyry targets raises the possibility that this gold-bearing structure could represent a flanking zone or structurally focused expression of the same district-scale system, improving drill targeting and increasing the project’s potential value by adding higher-grade upside and development optionality beyond bulk-tonnage porphyry copper alone.

While rock samples are inherently selective and not necessarily representative of average grade, results of this tenor strongly justify systematic follow-up to define continuity, true width, and controls on mineralization.

Reco Planned Follow-up

Building on these promising results, the company plans to advance exploration at the target in 2026 through a larger-scale prospecting and mapping program. Additional rock sampling will help better define the extent of known mineralization, while detailed structural mapping will support interpretation of potential gold sources as they relate to the surrounding porphyry targets.

Geological Discussion

Reco was investigated in 2025 to locate and accurately geo reference historical workings and mineral showings. According to the MINFILE record, the target was explored as early as 1907, when a 167-metre-long adit was driven beneath vein outcrops between 1907 and 1909.

Reco is hosted within fine-grained volcanic and volcano sedimentary rocks of the Nicola Group, including andesite and cherty tuffs. Intense silicification was documented, along with strong iron oxidation and sericitization of the host rocks. Pyrite and copper oxide minerals are common, with localized development of chalcopyrite stringers. The observed alteration assemblage and sulphide mineralogy are consistent with a phyllic alteration domain.

Reco consists of a caved historical adit, with extensive exposure of a volcanic wall rock resulting from historical manual scree removal. Mineralization occurs as intensely oxidized, sulphidic calcite vein material hosted within a shear zone approximately 2-3 m wide. The vein and shear zone are steeply dipping and strike NE-SW. Structural measurements collected in 2025 indicate an orientation of 210°/71°, while historical measurements report orientations of 005°/78° and 038°/80°. The vein has been traced on surface for approximately 120 m and ranges from 0.1 to 1.8 m in width.

The vein is interpreted to have infilled a brittle fault zone, as evidenced by shattered host rock and the presence of gouge material adjacent to the vein. Intense supergene alteration of the wall rock is expressed as pervasive goethite and jarosite development at the target.

Figure 1: (A) Rock sample C0066671 from the RECO target, showing mineralized sedimentary wall rock adjacent to a mineralized shear zone. The sample returned assays of 8.17 g/t Au, 6.83 g/t Ag, and 1.75% Cu.
(B) Mineralized vein fill and gouge hosted within the shear zone at the target.

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Figure 2: 2025 rock sample locations with historical sampling at the RECO target area.

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Quality Assurance / Quality Control (QAQC)

All rock samples were collected from the fall 2025 fieldwork program and were submitted to ALS Geochemistry – Kamloops to be analyzed for gold and platinum group elements (PGM-ICP24 50 g fire assay), and multi-element geochemistry, including elements Cu, Pb, Zn, Co, and Ag (method ME-MS61).

Figure 3: Overview map of the Copper Dome project sowing sample and data stations from the 2025 exploration program as well as project infrastructure.

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About The Copper Dome Project

Copper Dome is located in the lower Quesnel Trough porphyry belt, one of British Columbia’s most prolific mining districts. The Project directly adjoins Hudbay Minerals Inc.’s producing Copper Mountain Mine to the north, which the company reports as having Proven and Probable Reserves of ~367 Mt at 0.25 % Cu, 0.12 g/t Au, and 0.69 g/t Ag (Hudbay Minerals Inc., 2023)*. Multiple mineralized zones have been identified across the Property, with historical drilling confirming high-grade copper associated with northeast-trending structures similar to those hosting mineralization at Copper Mountain.

The technical and scientific information regarding the adjacent Copper Mountain Mine is sourced from Hudbay Minerals Inc.’s published reports. Mineralization at Copper Mountain should not be considered indicative of the mineralization on the Copper Dome Project.

Copper Dome benefits from excellent infrastructure, enabling year-round access, cost-efficient exploration, and a stable, low-risk jurisdiction.

Historical Work Completed

  • Geophysics: 51 km of induced polarization (IP); airborne magnetic and electromagnetic (EM) coverage over ~50% of the Property
  • Sampling: 2,253 soils and 378 rocks collected
  • Drilling: 8,900+ m of diamond drilling
  • Trenching: Over 1 km excavated

With a five-year drill permit in place, the Company is focused on advancing the Copper Dome toward drill-ready target definition.

* Reference: Hudbay Minerals Inc. (2023). NI 43-101 Technical Report – Updated Mineral Resources & Mineral Reserves Estimate, Copper Mountain Mine, Princeton, British Columbia. Effective date: December 1, 2023. Qualified Person: Olivier Tavchandjian, Ph.D., P.Geo.

About Canada One

Canada One Mining Corp. is a Canadian junior exploration company focused on copper-the critical metal powering the global energy transition. The Company advances projects from discovery through resource definition with disciplined, data-driven exploration and responsible practices. Its flagship Copper Dome Project, near Princeton, British Columbia, targets a porphyry copper-gold system in a Tier-1 jurisdiction. Canada One aims to deliver sustainable growth and long-term value for shareholders and local communities.

Acknowledgement

Canada One acknowledges that the Copper Dome Project is located within the traditional, ancestral and unceded territory of the Smelqmix People. We recognize and respect their cultural heritage and relationship to the land, honoring their past, present and future.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Ali Wasiliew, P.Geo., an independent Qualified Person as defined by NI 43-101 – Standards of Disclosure for Mineral Projects.

Contact Us

For further information, interested parties are encouraged to visit the Company’s website at www.canadaonemining.com, or contact the Company by email at info@canadaonemining.com, or by phone at 1.877.844.4661.

On behalf of the Board of Directors of
Canada One Mining Corp.

Peter Berdusco
President
Chief Executive Officer
Interim Chief Financial Officer

Forward-Looking Statements

This press release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive 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 and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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