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NevGold Drills 8.51 g/t Oxide AuEq Over 10.6 Meters (8.11 g/t Au And 0.10% Antimony) Within 2.32 g/t Oxide AuEq Over 86.8 Meters (1.94 g/t Au And 0.10% Antimony); Discovers High-Grade Oxide Gold-Antimony “Armory Fault” Structure At Bullet Zone
Globenewswire· 2026-02-18 12:45
Core Insights - NevGold Corp. announced a significant high-grade oxide gold-antimony discovery at the "Armory Fault" within the Bullet Zone of its Limousine Butte Project in Nevada, marking a transformational development in understanding the structural controls of mineralization [1][4] - The ongoing exploration program aims to advance both near-term antimony production from historical gold leach pads and the definition of an initial gold-antimony Mineral Resource Estimate (MRE) [1][3] Exploration and Drilling Results - The "Armory Fault" discovery has revealed high-grade oxide gold-antimony mineralization with notable drill results, including 8.51 g/t AuEq over 10.6 meters and 12.34 g/t AuEq over 3.0 meters in the LB25-017 Lower Zone [3][10] - All drillholes in the Bullet Zone have intercepted significant oxide gold-antimony mineralization, validating the new geological model and expanding the mineralization footprint [3][15] - The 2025-2026 drill program has completed 30 holes, with 12 additional holes pending results, focusing on testing the new high-grade discoveries and project-wide targets [3][6] Geological Model and Mineralization - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, creating favorable conditions for mineralization [14][19] - The preserved Pilot Shale extends over one kilometer east of prior drilling, suggesting significant potential for further mineralization [15][17] - The discovery of the "Armory Fault" is expected to replicate across the project, with multiple high-priority targets emerging for future drilling [4][19] Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology, with a significant portion of global supply coming from China, Russia, and Tajikistan [20][21] - The U.S. Department of Defense has prioritized domestic production of antimony to mitigate supply chain disruptions, highlighting the relevance of projects like Limousine Butte [21][22]
PNC's Demchak vows to bring the fight from coast to coast
American Banker· 2026-01-16 19:09
Key insight: PNC's recent acquisition of FirstBank is expected to drive growth in loans, net interest income and fee income in 2026 as the company seeks scale across the country.Supporting data: The Pittsburgh-based bank expects the acquisition to contribute $850 million to $900 million of net interest income this year.Forward look: PNC is aiming to compete with megabanks like JPMorganChase and Bank of America as it builds out its footprint.It's rare that PNC Financial Services Group CEO Bill Demchak gets t ...
NevGold Announces Up to 85% Antimony Recovery From Positive Phase II Metallurgical Testwork at Oxide Gold-Antimony Limo Butte Project in Nevada
Globenewswire· 2025-11-05 12:00
Core Insights - NevGold Corp. announced positive antimony metallurgical testwork results at its Limousine Butte Project in Nevada, indicating strong geo-metallurgical characteristics and minimal impact on gold recoveries [1][2][4]. Summary by Sections Antimony Metallurgical Testwork - The testwork demonstrated favorable leaching results across a range of antimony grades from 0.1% to 8.5% Sb, with recoveries ranging from 71% to 92% for various samples [2][5][16]. - The results from the 0.1%-0.2% antimony grade range showed recoveries of 71% to 85%, exceeding expectations and highlighting the project's potential [4][5]. - Acid leaching is being considered as the preferred metallurgical process, allowing for on-site production of antimony metal without reliance on third-party processing [5][13]. Project Development and Activities - NevGold is actively exploring the Limo Butte Project, with 13 drill holes completed and ongoing trench sampling to assess gold-antimony mineralization [5][6][7]. - The company is working towards completing an initial gold-antimony Mineral Resource Estimate (MRE) [7]. Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its significance in national security and various technological applications [21][22]. - The U.S. government has initiated measures to enhance domestic mineral production, particularly for antimony, to reduce reliance on foreign sources [18][19][20]. Market Context - Approximately 90% of the global antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [22]. - The U.S. Department of Defense has prioritized domestic production of antimony to mitigate supply chain disruptions, emphasizing the strategic importance of projects like Limousine Butte [22].
Kimberley Wolterstorff Gregorie Joins First Horizon as Senior Vice President, Head of Consumer Sales
Prnewswire· 2025-10-29 16:00
Core Insights - First Horizon Corporation has appointed Kimberley Wolterstorff Gregorie as Senior Vice President, Head of Consumer Sales, to enhance consumer sales strategy and client experience [1][3] - Gregorie brings over 20 years of experience in financial services, having held various leadership roles at JPMorganChase, focusing on consumer banking and economic development initiatives [2] - The company emphasizes its commitment to a client-centric strategy and associate performance, aligning with Gregorie's goals for measurable results [3] Company Overview - First Horizon Corporation, with $83.2 billion in assets as of September 30, 2025, operates as a leading regional financial services company [3] - The company provides a wide range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [3] - First Horizon has received recognition as one of the best employers by Fortune and Forbes magazines and is listed among the Top 10 Most Reputable U.S. Banks [3]
Perpetua secures $255m in equity investment from Agnico Eagle and JPMorganChase
Yahoo Finance· 2025-10-28 12:10
Core Insights - Perpetua Resources has secured $255 million through equity investments from Agnico Eagle Mines and JPMorganChase, marking a significant financial milestone for the company [1][2][5] - The funding will support the Stibnite gold project in Idaho, which aims to produce the only domestic reserve of antimony in the US and become a leading gold producer while restoring an abandoned mine site [1][4] Investment Details - Agnico Eagle has committed $180 million in common shares and will receive warrants to purchase up to 2,861,229 shares at premiums of 35%, 50%, and 65% over one, two, and three years, respectively [2][3][4] - JPMorganChase will invest $75 million in common shares and obtain warrants for up to 1,192,179 shares under similar premium conditions [3][4] Strategic Importance - The investment is viewed as a favorable financing option compared to gold royalty or stream agreements, enhancing shareholder value [2] - Perpetua Resources' CEO emphasized that the investments reflect confidence in the Stibnite Gold Project and align with America's critical mineral strategy [4][5] Use of Proceeds - The proceeds from the private placement will be allocated towards project development, exploration, working capital, and general corporate needs, alongside existing cash reserves and expected funding from a $2 billion project financing application submitted to the Export-Import Bank of the United States [5]
Dallas bank scrambles amid borrower's chaotic bankruptcy
American Banker· 2025-09-19 20:43
Core Insights - Tricolor Holdings filed for Chapter 7 liquidation, leaving around 10,000 vehicles unsecured across six states, which are crucial for covering its substantial debt [2][8] - Triumph Financial, the Dallas community bank, is heavily involved as the agent bank for a $60.5 million loan facility to Tricolor, holding $23 million of that amount [3][4] - The bankruptcy has triggered significant potential losses for several banks, with Fifth Third Bancorp estimating losses of approximately $200 million due to issues related to alleged fraud [9][10] Company Actions - Triumph Financial is actively working to secure and consolidate the vehicle collateral, incurring expenses for security measures at Tricolor's facilities [4][5] - The bankruptcy trustee has requested a third-party loan servicer, Vervent Inc., to take control of Tricolor's vehicles and auto loans, emphasizing the importance of servicing approximately 100,000 auto loans [6][11] - There is contention among creditors regarding the costs associated with the consolidation and security of the vehicles, particularly if Vervent assumes control [7][10] Industry Impact - The fallout from Tricolor's bankruptcy is expected to have a more severe impact on smaller banks, with analysts noting that losses could be particularly damaging given the size of their loans [10][12] - Despite the turmoil, some banks like Renasant and Origin have reported that their loans to Tricolor are still performing, indicating a potential for recovery [12][13] - Analysts believe that the issues stemming from Tricolor's bankruptcy are likely isolated and should not pose a systemic risk to the financial sector or the subprime auto lending market [14][15]
Robinhood's New Service Is the Latest Bid to Power Up Social-Minded Retail Traders
Yahoo Finance· 2025-09-10 14:19
Core Insights - Retail investors believe that collaboration can enhance their market performance, prompting companies to develop tools that facilitate this interaction [2][4] - The rise of digital natives has led to a more social approach to investing, with platforms like TikTok and Reddit becoming popular for sharing stock picks and investment strategies [2][3] - Fintech applications are increasingly integrating social features to enhance user experience, with Robinhood's new "Social" feature allowing real-time discussions and transaction tracking among traders [3][6] Retail Investor Trends - The percentage of 25-year-olds using investment accounts surged to nearly 40% in the previous year, up from 6% in 2015, indicating a significant shift in retail investing demographics [5] - Retail investing flows have increased by approximately 50% from 2023 to early 2025, reaching levels comparable to the peak during the pandemic [5] Community and Market Impact - Retail investors are leveraging community power to make informed investment decisions, which has led to increased trading volumes and recognition from traditional market participants [4][6] - The phenomenon of meme stocks, such as Gamestop and AMC, exemplifies how retail investors can influence market dynamics and challenge the perception of being "dumb money" [4]
Four Stagwell (STGW) Agencies - 72andSunny, Anomaly, Code and Theory and GALE - Awarded 2025 Ad Age Agency A-List Recognition for Business and Creative Transformation
Prnewswire· 2025-03-10 19:47
Core Insights - Stagwell celebrates the recognition of four of its agencies in Ad Age's 2025 Agency A-List, highlighting their achievements in creativity and innovation in marketing [1][2] Group 1: Agency Achievements - 72andSunny ranked No. 9 on the A-List, achieving a 30% increase in revenue, winning 11 new clients, and producing 7 Super Bowl ads [5] - Anomaly ranked No. 3, welcoming 15 new clients including major brands like Starbucks and Google Shopping, while celebrating its 20th anniversary [5] - Code and Theory was named B2B Agency of the Year, successfully integrating emerging technology with creativity for clients such as Qualcomm and Amazon Ads [5] - GALE was recognized as Business Transformation Agency of the Year, known for blending business strategy with creative campaigns across various platforms [5] Group 2: Industry Context - The 2025 Agency A-List reflects a breakthrough year for Stagwell's network, showcasing industry-leading digital and creative work for prominent brands like Amazon and JPMorganChase [2] - Stagwell's Chairman and CEO Mark Penn emphasized the company's commitment to creativity and innovation, positioning it as a destination for top-tier talent in the marketing industry [2]