Uber's co-founder Travis Kalanick has launched a new venture that will focus on creating “gainfully employed robots” for the food, mining and transport industries. https://t.co/a757nASde1 ...

Core Insights - The oil market is experiencing significant disruptions, with Brent crude prices surpassing $100 per barrel due to geopolitical tensions, particularly the Iran war, leading to the largest supply disruption in history [2][18] - India's SEBI reforms are set to open a substantial institutional investment channel for precious metals, potentially directing up to $970 billion into gold and silver ETFs, which could significantly impact silver demand [6][28] - The U.S. economy is facing stagflation, characterized by job losses and rising inflation, complicating the Federal Reserve's ability to respond effectively [11][26] Oil Market Dynamics - Brent crude closed above $100 per barrel for the first time since August 2022, following Iran's declaration regarding the Strait of Hormuz [2] - The International Energy Agency announced a historic release of 400 million barrels from emergency reserves, with the U.S. contributing 172 million barrels [2] - Gulf countries have cut production by at least 10 million barrels per day, exacerbating supply issues [2] Silver Market Developments - Silver is currently trading around $84, with a significant institutional demand expected from India's mutual fund industry, which manages approximately ₹81 trillion (around $970 billion) [3][7] - The SEBI reforms allow mutual funds to allocate up to 35% of assets to non-core holdings, including precious metals, with a specific activation date of April 1 [6][10] - At various allocation rates, the estimated silver demand could reach up to 20% of total global mine supply at a 5% allocation [8] Economic Indicators - The U.S. economy lost 92,000 jobs in February, with the unemployment rate rising to 4.4%, indicating a contracting labor market [11][14] - Q4 2025 GDP growth was reported at just 1.4%, with core PCE inflation at 3.0% and PPI rising by 0.5% month-over-month [12][14] - The combination of high oil prices and stagnant job growth exemplifies the conditions of stagflation, reminiscent of the economic environment of the 1970s [15][18] Mining Industry Constraints - The silver mining industry is facing significant structural constraints, including declining ore grades and a lengthy mine development timeline of approximately 15.7 years [21][24] - Major silver producers like Fresnillo PLC have reduced their production guidance, indicating a lack of responsiveness to rising prices due to geological and regulatory challenges [20][22] - The ongoing moratorium on new mining concessions in Mexico, which accounts for 25% of global silver supply, further complicates the supply situation [22][24] Future Outlook - The combination of India's SEBI reforms, the inability of the mining industry to respond to price signals, and the current stagflation environment suggests a tightening supply-demand balance for silver [26][28] - The current silver price does not yet reflect the potential impact of institutional investments or the rising costs associated with $100+ oil [28] - The structural supply-demand imbalance is expected to persist, driven by geological constraints and regulatory factors, rather than short-term price fluctuations [25][27]

Core Viewpoint - Rio Silver Inc. is advancing its Maria Norte Project in Peru and believes it is in its strongest operational position in history [1] Recent Developments - The company has achieved significant milestones including community engagement, permitting initiatives, metallurgical optimization, and access preparation for the Maria vein system [2][3] - These milestones reflect the company's disciplined strategy to develop a silver-dominant project in a historic mining district in Peru [3] Management Commentary - The President and CEO emphasized a methodical approach to overcoming barriers such as community engagement and permitting, leading to a stronger operational position [4] - The company is focused on a capital-efficient development strategy and aims to unlock long-term value from the project [4] Recent Operational Milestones - Key operational milestones include: - Permission to commence site activities - Progress toward formal community authorization - Advancements in access preparation and portal planning - Ongoing metallurgical optimization to refine processing flowsheet design - Engagement with local stakeholders and regional authorities - Technical programs supporting staged development planning [8]

Core Viewpoint - Rio Silver Inc. reaffirms its strongest operational position to date as it advances key development milestones for the Maria Norte Project in Peru [1] Group 1: Recent Developments - The company has achieved significant milestones including ongoing dialogue with the local community, advancing permitting initiatives, initiating metallurgical optimization work, and preparing access to the Maria vein system [2][3] - These milestones reflect the company's disciplined strategy to develop a silver-dominant project in one of Peru's historic mining districts [3] Group 2: Management Commentary - The President and CEO of Rio Silver emphasized the focus on execution and the removal of barriers such as community engagement, access preparation, permitting progress, and metallurgical validation [4] - The company is advancing the Maria Norte Project step by step with a clear pathway forward, supported by local communities and a capital-efficient development strategy [4] Group 3: Operational Milestones - Recent operational milestones include permission to commence site activities, progress toward formal community authorization, access preparation, and ongoing metallurgical optimization programs [6] - Technical programs are advancing to support staged development planning [6] Group 4: Company Overview - Rio Silver Inc. is a Canadian resource company focused on advancing high-grade, silver-dominant assets in Peru, which is the world's second-largest silver producer [5] - The company aims to establish itself as one of Peru's next emerging silver producers through a clear development strategy and a growing portfolio of prospective silver assets [5]

China’s state-backed iron ore trader has told steel mills that it’s temporarily easing restrictions on one of BHP Group’s grades, after worries over a broadening of bans against the mining giant sent prices rising this week https://t.co/Rt7hIBV5HN ...

Group 1: SSR Mining - SSR Mining operates multiple mines in the United States, Canada, and Argentina, focusing on precious metals like gold and silver, while also mining base metals such as copper, lead, and zinc [2] - The company reported total revenue of $1.63 billion, a nearly 64% year-over-year increase, driven by 48% and 46% increases in realized gold and silver prices, respectively [3] - Net income was $395.8 million, a significant turnaround from a net loss of $261.3 million in 2024 [3] - SSR Mining sold its 80% stake in the Çöpler Mine in Turkey for $1.5 billion in cash, which analysts viewed as a positive move to reduce exposure to emerging markets [4] Group 2: The Metals Company (TMC) - TMC is an early-stage, exploratory mining company focused on deep-sea polymetallic nodules, which are seen as a source of critical minerals like nickel, copper, cobalt, and manganese [5] - These minerals are essential for lithium-ion batteries used in electric vehicles and are important for national security [5] - TMC aims to reduce reliance on foreign sources, particularly China, for critical mineral production, but faces regulatory hurdles before commencing deep-sea mining [6]

Core Viewpoint - Future Mineral Resources Inc. has successfully closed the first tranche of a non-brokered private placement financing, raising gross proceeds of $154,999.80 through the issuance of 516,666 common shares at a price of $0.30 per share [1][2]. Group 1: Financing Details - The total offering is for up to 15 million common shares, aiming for gross proceeds of up to $4.5 million [1]. - The securities from the first tranche are subject to a four-month hold period, expiring on July 13, 2026 [2]. - A finder fee of $8,400 was paid in connection with the first tranche [2]. Group 2: Company Overview - Future Mineral is a venture capital company focused on acquiring and advancing brownfield, development-stage, and early production-stage mining projects in the Americas and Europe [3].

Rio Tinto will slow down construction of the Nemaska Lithium processing plant in Becancour, Quebec, just few weeks after it announced it has taken majority control of the project https://t.co/Gzm2o1iqGQ ...

Core Insights - Rockland Resources Ltd. has appointed Ms. Paula Caldwell St-Onge to its Board of Directors, enhancing its governance and strategic capabilities [1][4] - Ms. Caldwell St-Onge has over 30 years of experience in the public sector, with expertise in international relations, trade, governance, and environmental sciences [2][3] - The company is focused on mineral exploration and aims to unlock value through its flagship Cole Gold Mines project in Ontario's Red Lake district [5] Company Overview - Rockland Resources Ltd. is committed to delivering meaningful growth and long-term value to its shareholders through disciplined exploration and strategic project development [5] - The company has recently seen a change in its Board of Directors, with the resignation of Ms. Tracy Hughes [4] Board Member Expertise - Ms. Caldwell St-Onge has significant governance experience in the mining sector, having served as an independent director for publicly listed mining companies [3] - She holds a Masters in Business Administration focused on Leadership and Sustainability and has an Institute of Corporate Directors Designation from the University of Toronto [2]

Market Overview - U.S. stock markets experienced their worst day since the onset of the Iran war, with the S&P 500, Dow, and Nasdaq dropping approximately 1.5% [1] - Despite the turmoil, U.S. stocks have shown relative calm compared to Asian and European markets, possibly due to investor expectations that President Trump may de-escalate U.S. involvement in the conflict [1] Oil Market Dynamics - The oil market has seen unprecedented volatility, with Brent crude prices experiencing a record $35 intraday move, reaching nearly $120 per barrel before falling below $90 [1] - Prices spiked 9% on Thursday, surpassing $100 per barrel, amid threats from Tehran that crude could reach $200 [1] - The International Energy Agency announced a 400-million-barrel reserve release, the largest collective drawdown ever, but this is viewed as a temporary solution [1] Consumer Impact - U.S. consumers are facing rising energy costs, with average gasoline prices increasing by 20% since the war began, reaching $3.58 per gallon [1] - The consumer price index rose by 2.4% year-over-year, remaining unchanged from the previous month, indicating inflationary pressures [1] Central Bank Responses - Major central banks, including the Federal Reserve and the European Central Bank, are scheduled to meet next week, with the Reserve Bank of Australia expected to raise interest rates [1] - Market participants are keen to understand policymakers' strategies in response to the ongoing crisis [1] Private Credit Market Concerns - JPMorgan has reported markdowns on some loans to private credit funds, raising concerns about risks in the private credit market reminiscent of the 2007-09 financial crisis [1] - This situation highlights the potential for hidden risks in financial markets during exogenous shocks [1]