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April 4, 2025

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Trend-Following Stocks: How a Low ADX Can Signal Huge Breakouts!

Stock 1 Min Read

In this exclusive StockCharts video, Joe Rabil shows you how to use the ADX on monthly and weekly charts to find stocks with massive breakout potential. Joe walks you through several examples of stocks and ETFs that broke out of an extended period of trading sideways. He also discusses the recent stock market correction and where the SPY and QQQ are trading with respect to the support of moving averages.

This video was originally published on April 2, 2025. Click this link to watch on Joe’s dedicated page.

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Three Defensive Plays for Post-Tariff Survival

Stock 5 Mins Read

With the S&P 500 and Nasdaq dropping quickly after this week’s tariff announcements, investors are scrambling to identify areas of the market demonstrating strength despite broad market weakness.  The good news is that I was able to easily find strong charts with improving relative strength using the StockCharts platform.

As much as it feels like “everything is down” after Wednesday’s news on increased tariffs on a vast number of products, a quick review of the S&P 500 MarketCarpet on Thursday afternoon provides a quick reminder that plenty of stocks were actually trading higher into the afternoon.

Let’s review two stocks and one ETF demonstrating strength in recent weeks.  And if you’re looking for more potential ideas, perhaps review my Top Ten Charts to Watch for April 2025 with Grayson Roze!

Kroger Co. (KR)

When the economy is strong, and consumer confidence is high, we often see a surge in “things you want” such as travel and luxury goods.  During periods of economic weakness, those Consumer Discretionary names will struggle relative to “things you need” like cleaning products, household goods, and beverages.  So it’s not surprising that our first two charts are in the Consumer Staples sector!

Indeed, the chart of Kroger has a “long and strong” look to it, featuring a consistent pattern of higher highs and higher lows since the October 2024 breakout.  

Two pullbacks in March saw Kroger achieve a higher low above the 50-day moving average, confirming that buyers are coming into “buy the dips” and push the stock to new highs.  The most impressive feature of this chart is the steady uptrend in the relative strength.  As long as that series remains trending higher, it means Kroger provides an opportunity to do better than our struggling benchmarks.

Keurig Dr Pepper Inc (KDP)

Back in October 2024, Keurig Dr Pepper saw a series of downside gaps on disappointing earnings results.  I’ve highlighted these gaps with shaded areas so we can see how often these price ranges have come into play during subsequent price action.

We can see that KDP struggled to regain the lower price gap range late last year, with the 200-day moving average also serving as resistance during that period.  Then in February we finally saw a break above the 200-day before KDP eventually found resistance at the upper price gap from last October.  From late February through early April, Keurig Dr Pepper has basically traded between these two price zones, with the most recent upswing taking the stock back up to test the upper price gap range.

Similar to Kroger, I would say the most compelling piece of this chart is the improving relative strength.  If most stocks are in primary uptrends, then perhaps KDP does not look nearly as impressive.  But with Magnificent 7 stocks and other growth names pounding out clear distribution phases, the chart of Keurig Dr Pepper could provide an opportunity to outperform.

Utilities Select Sector SPDR Fund (XLU)

Now let’s consider utilities, a sector which is usually bucketed with other defensive groups yet has actually traded along with growth sectors at times over the last 12 months.  The reason for this shift has been partly due to the incredible energy needs of artificial intelligence, cryptocurrency mining, and other enterprises requiring heavy computer power.

The price structure of the XLU is fairly neutral at the moment, with this ETF basically stuck in a trading range since the 4th quarter of 2024.  But with most S&P 500 names trading below their 200-day moving averages, I’m immediately drawn to charts that remain above this long-term trend barometer.  The XLU has actually successfully tested the 200-day moving average three times in 2025, all resulting in short-term rallies.

The question here is whether the XLU can gain enough momentum to push above a clear resistance level around $82.  But even that does not actually come to pass, a chart remaining in a sideways trend could provide an easy way to ride out a period where the major benchmarks are losing value.  And given the higher-than-average dividend yield along with decent price action, the utilities sector seems like it deserves a second look.

Both KR and KDP were featured in our Top Ten Charts to Watch for April 2025, which you can access below!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

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Bitcoin Holds Up, but Remains Short of Relative Breakout

Stock 1 Min Read

Stocks are in a freefall with selling pressure spreading into industrial metals and other economically sensitive commodities. There are few places to hide in bear markets, and the list of alternatives continues to shrink. Bitcoin, an alternative, is holding up relatively well since March, but this crypto is positively correlated with stocks long-term and has yet to achieve a relative breakout. Today’s report focuses on Bitcoin’s correlation and relative performance. 

TrendInvestorPro takes a weight of the evidence approach to define bull and bear markets. This evidence turned bearish on March 13th and remains bearish until proven otherwise. As noted in s to all our reports and videos.

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Investing

Top 7 Global Lithium Stocks in 2025

Investing 10 Mins Read

The lithium market faced continued pressure in Q1 2025 as oversupply and weaker-than-expected demand pushed prices to a four-year low, with the lithium carbonate CIF North Asia price dipping below US$9,550 per metric ton.

The broad market decline led many analysts to speculate that the market had bottomed and a rebound was imminent. This was further supported by production cuts in China and Australia aimed at stabilizing supply.

Despite near-term challenges, long-term prospects remain strong, highlighted by Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) AU$6.7 billion acquisition of Arcadium Lithium, the company formed by the merger of Allkem and Livent.

The major is also reportedly in talks to develop the Roche Dure lithium deposit in the Democratic Republic of Congo.

Long term electric vehicle (EV) market growth and a projected draw down in excess supply has prompted Benchmark Intelligence researchers to forecast a 12 percent compound annual growth rate for the lithium market over the next 10 years.

All lithium stocks listed had market caps above $20 million in their respective currencies when data was gathered. Data for Canadian stocks was collected on March 25, 2025, data for Australian stocks was gathered on March 27, 2025, and data for US stocks was gathered on March 31, 2025.

Top Canadian lithium stocks

1. Power Metals (TSXV:PWM)

Company Profile

Year-to-date gain: 163.04 percent
Market cap: C$196.57 million
Share price: C$1.21

Exploration company Power Metals holds a portfolio of diversified assets in Ontario and Québec, Canada. The company’s flagship Case Lake project in Ontario hosts spodumene-bearing lithium-cesium-tantalum pegmatites.

In November 2024, Power Metals identified a new pegmatite zone at Case Lake through soil sampling. The samples from the zone, located north-northwest of its West Joe prospect, revealed anomalous levels of cesium, tantalum, lithium and rubidium, which the company said ‘affirmed prospective drill targets’ for its winter exploration program.

On February 10, Power Metals announced the beginning of work associated with the maiden mineral resource estimate and preliminary economic assessment for Case Lake, which it expected to release in Q1 and Q2 of 2025 respectively.

Days later, on February 14, the company followed that announcement by releasing the final assays from its Phase 3 drilling at Case Lake, including “exceptional cesium oxide and tantalum intercepts” from the West Joe prospect. Power Metals stated it planned to begin its 2025 Phase 1 drilling sometime after early March.

The company’s share price rose in the weeks following the pair of announcements to reach a Q1 high of C$1.46 on February 25.

2. NOA Lithium Brines (TSXV:NOAL)

Company Profile

Year-to-date gain: 41.18 percent
Market cap: C$46.99 million
Share price: C$0.36

NOA is a lithium exploration and development company with three projects in Argentina’s Lithium Triangle region. The company’s flagship Rio Grande project and prospective Arizaro and Salinas Grandes land packages total more than 140,000 hectares.

In late January, NOA reported its completion of 28 vertical electrical sounding geophysics tests at the Rio Grande project as part of its 2025 exploration program.

The recent testing expands on past studies and will aid NOA’s water exploration program, refining one of three identified potential water sources.

In a subsequent corporate update on February 7, NOA outlined its plans for Q1 2025, which largely focused on the advancement of the Rio Grande project through geophysical evaluation and water exploration drilling. The company also plans to review engineering proposals for preliminary economic assessment work.

The company’s share price began climbing in early February and reached a Q1 high of C$0.37 on March 13.

The high came days after a Simply Wall Street report highlighted insider buying at the company, a signal of strong internal confidence.

According to the report, NOA insiders invested C$862,600 over the prior six months, with C$358,000 of that coming in a single transaction by CEO and Director Gabriel Rubacha. Additionally, they had not sold any shares in the prior 12 months.

3. Frontier Lithium (TSXV:FL)

Press ReleasesCompany Profile

Year-to-date gain: 35.56 percent
Market cap: C$141.38 million
Share price: C$0.61

Pre-production mining company Frontier Lithium aims to be a strategic and integrated supplier of premium spodumene concentrates as well as battery-grade lithium salts in North America.

The Company’s flagship PAK lithium project, which is a joint venture with Mitsubishi (TSE:8058), holds the “largest land position and resource” in a premium lithium mineral district located in the Great Lakes region of Ontario, Canada. Frontier also owns the Spark deposit, located northwest of the PAK project.

Shares of Frontier Lithium reached a Q1 high of C$0.79 on March 4. After already trending upwards through February, its share price peaked alongside news that the Government of Canada and the Ontario Government supported the company’s plans to build a critical minerals refinery in Northern Ontario.

Once complete the proposed lithium conversion facility will process lithium from PAK into around 20,000 metric tons (MT) of lithium salts per year. “This expected capacity would support the production of batteries for approximately 500,000 electric vehicles per year,” Frontier’s statement reads.

Top Australian lithium stocks

1. Tyranna Resources (ASX:TYX)

Company Profile

Year-to-date gain: 40 percent
Market cap: AU$23.02 million
Share price: AU$0.007

Africa-focused explorer Tyranna Resources is currently focused on its flagship Muvero lithium project in Angola.

In a January 30 update, Tyranna reported it completed a drill program totalling 11 diamond drill holes spanning 817 meters. Initial results from drilling at the Muvero and Loop prospects confirmed visible spodumene-bearing pegmatite. Additionally, core from the Muvero prospect will be used for metallurgical testing and structural data.

The company is also pursuing and evaluating additional projects that align with its strategy of focusing on in-demand metals, and had applied for one licence at that time.

Shares of Tyranna reached a quarterly high of AU$0.007 several times over the three month period.

2. Liontown Resources (LTR:AU)

Company Profile

Year-to-date gain: 24.53 percent
Market cap: AU$1.58 billion
Share price: AU$0.66

Liontown Resources has two assets in Western Australia, including the producing Kathleen Valley mine, which entered production during the second half of 2024 and transitioned to commercial production in January 2025.

The company’s Buldania project in the Eastern Goldfields Province of Western Australia has an initial mineral resource of 15 million MT at 1.0 percent lithium oxide.

In its fiscal H1 2025 financial update, Liontown reported that over 100,000 wet metric tons of spodumene concentrate had been shipped from Kathleen Valley between July and the end of December.

Liontown’s shares rose to a Q1 high of AU$0.735 on March 19, 2025, shortly after the release of the half year results.

3. Delta Lithium (ASX:DLI)

Year-to-date gain: 9.09 percent
Market cap: AU$125.39 million
Share price: AU$0.18

Delta Lithium is a diversified exploration and development company focused on discovering high quality, lithium bearing pegmatite deposits in Western Australia.

Currently, Delta is developing the Mount Ida gold and lithium project, which reportedly has a JORC-compliant resource of 14.6 million MT grading 1.2 percent. Additionally, the company is exploring its Yinnetharra lithium project, including the Malinda deposit, in the Upper Gascoyne Region.

Company shares registered a Q1 high of AU$0.20 on January 14.

On January 21, Delta released an exploration update for Yinnetharra that highlighted drilling and metallurgical results from the M1 pegmatite at the Malinda deposit.

“The program has realised highly positive metallurgical results, with pilot plant spodumene recoveries exceeding our Internal financial modelling and proving the whole-of-ore flotation flowsheet as suitable for the M1 mineralogy,” Managing Director James Croser said.

In a subsequent financial statement, Delta noted the submission of the mining lease application for the Malinda mining area and the commencement of Native Title negotiations. The company is also advancing its environmental permitting process at Malinda.

Top US Lithium Stocks

1. SQM (NYSE:SQM)

Company Profile

Year-to-date gain: 9.29 percent
Market cap: AU$11.36 billion
Share price: US$40.23

SQM is one of the world’s largest lithium producers with projects in South America and China, outputting both lithium carbonate and hydroxide.

In 2024, SQM produced approximately 210,000 MT of lithium, with about 180,000 MT sourced from its chemical plant in northern Chile and an additional 30,000 MT processed in China.

The lithium major also saw lithium sales increase 21 percent year-over-year to nearly 205,000 MT of lithium carbonate equivalent (LCE).

“However, the increase in volume was not enough to offset the continuous decline in prices, a trend we have been observing since early 2023,” the 2024 earnings report noted. “As a result, our average realized price dropped by more than 64 percent, from US$30,467 per ton in 2023 to US$10,936 per ton in 2024.”

Shares of SQM reached a Q1 high of US$45.61 on March 17, 2025.

In late February, SQM’s US$7 million investment in Andrada Mining’s (LSE:ATM,OTCQB:ATMTF)Lithium Ridge project received final approval from the Namibian government. The deal will see SQM obtain a 30 percent stake in the project with an option to increase to 50 percent.

FAQs for investing in lithium

How much lithium is on Earth?

While we don’t know how much total lithium is on Earth, the US Geological Survey estimates that global reserves of lithium stand at 22 billion metric tons. Of that, 9.2 billion MT are located in Chile, and 5.7 billion MT are in Australia.

Where is lithium mined?

Lithium is mined throughout the world, but the two countries that produce the most are Australia and Chile. Australia’s lithium comes from primarily hard-rock deposits, while Chile’s comes from lithium brines. Chile is part of the Lithium Triangle alongside Argentina and Bolivia, although those two countries have a lower annual output.

Rounding out the top five lithium-producing countries behind Australia and Chile are China, Argentina and Brazil.

What is lithium used for?

Lithium has many uses, including the lithium-ion batteries that power electric vehicles, smartphones and other tech, as well as pharmaceuticals, ceramics, grease, lubricants and heat-resistant glass. Still, it is largely the electric vehicle industry that is boosting demand.

How to invest in lithium?

Those looking to get into the lithium market have many options when it comes to how to invest in lithium.

Lithium stocks like those mentioned above could be a good option for investors interested in the space. If you’re looking to diversify instead of focusing on one stock, there is the Global X Lithium & Battery Tech ETF (NYSE:LIT), an exchange-traded fund (ETF) focused on the metal. Experienced investors can also look at lithium futures.

Unlike many commodities, investors cannot physically hold lithium due to its dangerous properties.

How to buy lithium stocks?

Through the use of a broker or an investing service such as an app, investors can purchase lithium stocks and ETFs that match their investing outlook.

Before buying a lithium stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it’s critical to complete due diligence before making any investment decisions.

It’s also important for investors to keep their goals in mind when choosing their investing method. There are many factors to consider when choosing a broker, as well as when looking at investing apps — a few of these include the broker or app’s reputation, their fee structure and investment style.

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

This post appeared first on investingnews.com

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Galan Declines AU$240M Bid for Argentina Projects

Investing 1 Min Read

Galan Lithium (ASX:GLN) has rejected a US$150 million (AU$240 million) cash bid from China’s Zhejiang Huayou Cobalt Co and France’s Renault Group to acquire its Hombre Muerto West and Candelas lithium brine projects in Argentina, The West Australian reports.

Described as unsolicited, conditional, and non-binding, the offer from battery materials giant Zhejiang Huayou and EV manufacturer Renault was deemed “opportunistic” and “undervalued,” the report noted.

Galan and its advisors refused the offer, asserting confidence in the long-term value of its flagship Hombre Muerto West project, which is nearing production of 5,400 tonnes per annum (tpa) of lithium carbonate equivalent. They believe the project holds greater potential to deliver superior returns for shareholders.

Read the full study here.

Click here to connect with Galan Lithium (ASX:GLN) for an Investor Presentation

This post appeared first on investingnews.com

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Jim Thorne: US$5,000 Gold by 2028? “Crazy Phase” Still to Come

Investing 1 Min Read

Jim Thorne, chief market strategist at Wellington-Altus, discusses which assets investors should focus on in today’s tumultuous environment.

He sees promise in gold and silver, as well as Bitcoin and the artificial intelligence sector.

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

This post appeared first on investingnews.com

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Silver47 Announces Its Final Closing of $9.8 Million Non-Brokered Private Placement

Investing 8 Mins Read

Not for distribution to United States Newswire Services or for dissemination in the United States

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce the completion of its previously announced non-brokered private placement (the ‘Private Placement’), raising gross proceeds from the fourth tranche of $1,800,000 through the issuance of 3,600,000 (the ‘Units’) at a price of $0.50 per Unit. The Company issued an aggregate of (i) 18,538,400 Units and (ii) 929,192 flow-through units of the Company (the ‘FT Units’) at a price of $0.57 each, for aggregate gross proceeds to the Company of approximately $9.8 million under the Private Placement.

‘We are extremely grateful for the strong support from our existing and new shareholders, which allowed us to upsize this private placement from $3 million to $9.8 million’ Commented Gary R. Thompson, CEO ‘This level of support reflects the confidence in our projects and growth potential. With these funds, we are well-positioned to carry out an exciting and productive year of exploration and development at our Red Mountain Project in Alaska.’

Each Unit consists of one common share in the capital of the Company (the ‘Common Share‘) and one-half of one Common Share purchase warrant (with each full warrant being a ‘Warrant‘). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.75 within 36 months following issuance.

In connection with the final closing, the Company paid aggregate finders’ fees of $51,940 in cash, representing 7% of the aggregate proceeds raised by the finders, and issued 103,880 finders’ warrants (the ‘Finders’ Warrants‘), representing 7% of the number of securities sold to subscribers introduced to the Company by the finders. Each Finders’ Warrant is exercisable for one Common Share at an exercise price of $0.75 for a period of 36 months from the date of issuance. The Company paid aggregate finders fees of $336,234 in cash and issued 669,158 finders’ warrants under the Private Placement.

All securities issued pursuant to the Private Placement are subject to a restricted hold period of four months and a day from the date of issuance under applicable Canadian securities legislation. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘).

Corporate Update

Concurrent with the completion of the Private Placement, the Company has granted to certain directors, officers, employees and consultants of the Company an aggregate of 2,600,000 stock options (the ‘Options‘). The Options are exercisable for a 10-year period from the date of grant and will vest in two equal installments, 12 and 24 months from the date of grant. Each vested Option will entitle the holder to acquire one Common Share at an exercise of $0.60. The Options are subject to the terms and conditions of the Company’s share compensation plan and the policies of the TSXV. Of the Options granted above, 300,000 Options were granted to High Tide Consulting Corp. (‘High Tide‘), a provider of investor relations services, pursuant to the Contractor’s Agreement (as such term is defined below).

The Company has engaged the services of High Tide to provide corporate communications, investor relations and strategic marketing services in compliance with the policies of the TSXV and applicable securities laws. High Tide is expected to heighten capital market awareness and understanding of the Company and to assist with managing investor communications and expectations, through various outreach and marketing programs.

In connection with the engagement of High Tide, the Company and High Tide has entered into an independent contractor’s agreement (the ‘Contractor’s Agreement‘). Pursuant to the terms of the Contractor’s Agreement, the Company has agreed to pay High Tide a cash fee of C$7,500 plus applicable taxes per month and grant 300,000 Options as indicated above. The Contractor’s Agreement is for an initial term of six months and may be terminated by either party on at least 30 days written notice.

High Tide is a company based in British Columbia, Canada, and offers a full suite of investor relations and communications services for public and private companies. High Tide is an arm’s length party to the Company. High Tide has no present, direct or indirect interest in the Company or its securities, nor any right or present intention to acquire such an interest except as otherwise provided in this release. High Tide and its clients may acquire an interest in the securities of the Company in the future.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), or any state securities laws and may not be offered or sold in the ‘United States’ or to ‘U.S. persons’ (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Silver47 Exploration Corp.

Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated March 2, 2023. The Company also owns the Adams Plateau Project in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the Michelle Project in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Common Shares are traded on the TSXV under the ticker symbol AGA.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’.

Follow us on social media for the latest updates:

    On Behalf of the Board of Directors
    Mr. Gary R. Thompson, Director and CEO
    gthompson@silver47.ca

    For investor relations
    Meredith Eades
    info@silver47.ca
    778.835.2547

    No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    FORWARD-LOOKING STATEMENTS

    This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: ; anticipated use of proceeds from the Private Placement; vesting and exercise of the Options; High Tide’s services to be performed pursuant to the Contractor’s Agreement; ability to obtain all necessary regulatory approvals; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: ; receipt of required regulatory approvals of the Private Placement; engagement of High Tide on the terms described in the Contractors’ Agreement; the use of proceeds not being as anticipated; the vesting and exercise of the Options; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247329

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

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    Republicans charge ahead on Trump budget, setting up marathon Senate votes

    Politics 3 Mins Read

    Senate Republicans cleared the way on Thursday for an eventual vote on the latest version of a budget to push through several key agenda items for President Trump, including the southern border and extending his 2017 tax cuts. 

    A motion to proceed was agreed to in the upper chamber just one day after Senate Budget Committee Chairman Lindsey Graham unveiled the Senate’s amendment to the House’s budget plan. 

    The Senate agreed to the motion by a vote of 52 to 48, along party lines. The only exception was Sen. Rand Paul, R-Ky., who voted against it. Paul has criticized the budget framework’s provision on the debt ceiling. 

    The changes made by the Senate include raising the debt ceiling by up to $5 trillion and making Trump’s tax cuts permanent by using what’s known as a current policy baseline, as determined by the chairman. 

    The Thursday motion kicks off roughly a day’s worth of debate, before a ‘vote-a-rama’ begins. The marathon amendment votes are expected to take place at some point on Friday afternoon or evening after debate concludes. 

    During a vote-a-rama, senators are able to introduce an unlimited number of amendments, and many are expected to get floor votes. 

    After the amended budget resolution passes in the Senate, which it is expected to do at some point on Saturday, the House will need to take it up again. 

    This is a significant step forward for Republicans in their quest to get Trump’s priorities done through the budget reconciliation process. This key budget process lowers the vote threshold in the Senate from 60 to 51, allowing the GOP to pass things without support from their Democrat counterparts. Reconciliation is considered a key tool for the Republican trifecta in Washington to get Trump’s policies passed. 

    Early on, Republicans in the House and Senate were split on how to organize the key resolution. House Republican leaders largely preferred doing one reconciliation bill that addressed both the border and tax cuts, while Senate Republicans wanted to separate the issues into two bills. 

    Republicans in the lower chamber made it clear they would only accept one reconciliation bill that included border funding and tax cut extensions, as they have less room for dissent in their slim majority. 

    Each chamber passed their preferred resolution, but Trump’s support for one bill on multiple occasions put the House’s strategy over the top. Senate Republicans themselves even described their resolution as a backup plan to the House’s. 

    This post appeared first on FOX NEWS

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    Trump wants Musk to stay with administration, says DOGE found something ‘horrible’ today

    Politics 3 Mins Read

    President Donald Trump said he wants Elon Musk to stay on his team ‘as long as possible’ during a conversation with reporters Thursday, adding DOGE had found something ‘horrible’ without divulging details.

    The president made his remarks during a conversation with reporters on Air Force One after Trump was asked how much longer Musk would stay on as a ‘special government employee.’ 

    The questions followed a report from Politico this week claiming Trump had told his inner circle that Musk will be leaving his role as a ‘special government employee’ with DOGE soon. The report cited internal frustrations with Musk’s ‘unpredictability’ and his potential to be a ‘political liability.’  

    ‘Elon is fantastic. He’s a patriot,’ Trump told reporters, adding Musk can stay at the White House ‘as long as he’d like’ and that he personally wants him to stay ‘as long as possible.’

    ‘I like smart people, and he’s a smart person. I also like him, personally,’ Trump added. ‘We’re in no rush. But there will be a point at which time Elon’s going to have to leave.’

    ‘Special government employees’ are permitted to work for the federal government for ‘no more than 130 days in a 365-day period,’ according to data from the Office of Government Ethics. Musk’s 130-day timeframe, beginning on Inauguration Day, would expire May 30.

    When asked if he would consider appointing Musk to a different post to keep him around longer, Trump said that could be a possibility. 

    ‘I would. I think Elon’s great,’ Trump responded. ‘But he also has a company to run, or a number of companies to run.’

    According to the president, ‘the secretaries’ within his cabinet will take over the work Musk has been doing with DOGE upon Musk’s exit from DOGE.

    That work, Trump added, found something ‘horrible’ and ‘incredible’ today, but he would not divulge further details to reporters.

    Musk’s work with DOGE officially began after President Trump signed an executive order establishing the office Jan. 20. The role of ‘special government employee’ was created in 1962 to permit the executive or legislative branch to hire temporary employees for specific short-term initiatives.

    When asked for a specific date of Musk’s potential departure, the president responded that it could be as long as ‘a few months.’

    ‘I’d keep him as long as I can keep him,’ Trump told reporters earlier this week. ‘He’s a very talented guy. You know, I love very smart people. He’s very smart. And he’s done a good job.’

    The president added on Air Force One that he envisions many of the employees working under Musk at DOGE will eventually find their way into full-time positions in various federal agencies.

    Fox News’ Emma Colton contributed to this report.

    This post appeared first on FOX NEWS

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