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XXIX Announces Fully Funded Drilling and Development Plans for Opemiska and ThierryAugust 25, 2025 7:19 AM EDT | Source: XXIX Metal Corp.Highlights:15,000-metre drill program at K1 (Thierry Copper Project) scheduled for Winter 2025 5,000-metre drill program at Cooke (Opemiska) planned for Fall 2025.Preliminary Economic Assessment (PEA) for Opemiska targeted for October 2025, led by Ausenco, the first economic study since the mine's closure in 1991.XXIX is funded for 2025/2026 exploration follo ...

NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) -- PRISM MarketView, a leading provider of unbiased market insight and company news, today announces the launch of its PRISM Precious Metals Index, designed to track emerging and established companies across the global gold, silver, platinum and palladium sectors. The new index highlights firms driving innovation in mining, refining, recycling and technology applications tied to the precious metals market. The global precious metals market was valued at $306.44 bill ...

Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

Core Viewpoint - The article discusses the current sentiment in the precious metals market, highlighting the impact of U.S. economic indicators and investment strategies from notable investors like Warren Buffett, indicating a potential bullish phase for gold despite recent price corrections [2][25]. Group 1: Market Sentiment and Economic Indicators - Recent U.S. PPI data exceeded market expectations, contributing to a softening of gold prices, while the U.S. clarified that there would be no tariffs on Swiss-processed precious metals [2][23]. - The increase in short positions in precious metals by U.S. futures funds reflects a bearish sentiment in the market [2][25]. - The article notes that despite a decline in gold prices, many financial leaders are entering the gold market, suggesting a consolidation phase in a broader bull market for gold [2][25]. Group 2: Fund Positioning and Market Data - As of August 12, managed net long positions in COMEX gold decreased by 4.7% to 480 tons, marking a continuous net long position for 97 weeks [3][7]. - Silver's managed net long positions fell to 4,394 tons, the lowest in 16 weeks, with a year-to-date price increase of 31.2% [3][7]. - Platinum and palladium markets showed mixed signals, with platinum's net long positions slightly increasing, while palladium remained in a prolonged net short position for 136 weeks [8][11]. Group 3: Investment Strategies and Future Outlook - Warren Buffett's recent investments in homebuilders suggest a belief in declining U.S. interest rates, which could influence the precious metals market positively [2][25]. - The article raises concerns about the Federal Reserve's potential actions if inflation pressures rise again after interest rate cuts, indicating a critical period ahead for monetary policy [26]. - The gold-to-North American mining stock ratio has seen a significant decline, suggesting that mining stocks may lag behind gold prices, which could be a warning sign for investors [20][18].

Market Trends & Dynamics - The stock market's upward trend is expected to be mirrored, or even exceeded, by Bitcoin's performance, although Bitcoin's increasing maturity is leading to declining volatility [1] - The cryptocurrency market experienced a significant dip following Bitcoin's new all-time high of $124,000 [2] - Google's policy change, potentially banning unlicensed Bitcoin wallets in the US and EU starting December 2025, could impact millions of users and restrict the buying of crypto [3] - The US Treasury Secretary indicates a strategic Bitcoin reserve exists, valued between $15 billion and $20 billion, accumulated through confiscated assets, with no plans to sell [11][12] - The US government is committed to exploring budget-neutral ways to acquire more Bitcoin to expand the strategic reserve [14] Investment & Strategic Moves - Google acquired an 8% stake in Bitcoin miner Terowolf as part of a $37 billion deal, indicating a strategic investment in the infrastructure [7] - Tech giants are investing in mining to secure a strategic foothold in the future of energy and finance [8] - Chainlink is actively accumulating LINK tokens for its strategic Chainlink Reserve, with over 44,000 LINK accumulated [20] - Franklin Templeton, with $17 trillion in assets under management, has become a client of Vechain, signaling traditional finance's acceptance of Vechain [23] Regulatory Landscape & Self-Custody - The SEC chair has stated that self-custody of crypto assets will be protected as a foundational American value [5] - Google's policy change regarding crypto wallets is perceived by some as an attempt to cause fear and manipulate the market [4] Altcoins & Ethereum - Bitmine and Sharplink are competing to accumulate Ethereum, which is expected to push up Ethereum's price [15] - Sharplink claims to have an advantage due to its connection with the Ethereum company [16] Speculative Frenzy & Market Sentiment - The current market is in a speculative frenzy, highly related to the stock market, reminiscent of the internet stock boom of 1999 [8][9] - A cryptocurrency exchange, Signal Bullish, went public with its stock ending the first day at $70, a 90% gain, giving the exchange a market cap above $10 billion, indicating Wall Street's appetite for crypto [26]

Market Trends & Supply/Demand Dynamics - Platinum prices experienced a significant surge, increasing by 40% in the first half of 2025 [1] - The platinum market is facing a supply deficit for the third consecutive year, with a shortage of nearly 1 million troy ounces out of an approximate 8 million troy ounce annual market [2] - Platinum supply from South African mines decreased by 12% in the first quarter [3] - Platinum recycling from scrap cars has declined from 2022 levels [3] - Demand for platinum is increasing from China, the world's largest consumer [3] Investment & Pricing - Investment demand for platinum has increased by 300% year-over-year due to record gold prices [4] - Platinum futures are in contango, suggesting that near-term supplies are not as tight relative to demand [4] Industry Applications - Platinum is used in jewelry, catalytic converters, and new hydrogen technologies [1]

Core Insights - Canada One Mining Corp. is advancing exploration at the Friday Creek Zone of its Copper Dome Project, leveraging a newly acquired five-year drill permit to enhance mineralization assessment and drill-target definition [3][4][24]. Exploration Highlights - The Friday Creek Zone is characterized as a high-grade copper, gold, platinum, and palladium area, with significant mineralization identified through rock and mobile metal ion (MMI) sampling [6][11]. - Two multi-element features were identified: the first measures approximately 450m by 400m, showing anomalous levels of copper, gold, silver, lead, zinc, and cobalt; the second is smaller at 250m by 110m, with anomalies in copper, gold, molybdenum, and cobalt [7][8][11]. Sampling Results - Rock sampling at the Friday Creek Prospect returned notable values, including a best sample with 10.65% copper, 4.89 g/t gold, and 10.4 g/t palladium; additional samples showed gold values ranging from 0.66 to 4.89 g/t, palladium from 4.6 to 10.5 g/t, and copper from 0.8 to 10.07% [9][11][18]. - The Ilk Showing, located 800 meters south-southeast of the Friday Creek Prospect, has shown promising mineralization with historical samples indicating up to 28.06% copper and 18.5 g/t gold [12][14]. Project Overview - The Copper Dome Project is strategically located adjacent to the producing Copper Mountain Mine, with historical drilling confirming high-grade copper presence [4][24]. - The project benefits from excellent infrastructure, allowing for year-round access and low-cost exploration, which is crucial for resource development [24][25]. Future Plans - Canada One plans to conduct further infill sampling and geophysical work to connect the Friday Creek Prospect with the Norma Showing, potentially creating a strike length of over 1200m [16][17].

Core Viewpoint - The article discusses the recent fluctuations in gold prices due to political statements and potential tariffs, highlighting the impact of U.S. monetary policy and the shift towards digital currencies as a means to sustain financial prosperity [2][25][26]. Group 1: Market Reactions and Price Movements - Trump's announcement of a 39% tariff on Swiss gold bars led to a nearly $100 increase in gold prices, but this was later clarified as a misunderstanding, stabilizing the market [2][25]. - Gold prices experienced volatility with a significant drop followed by a rebound, reflecting market uncertainty regarding geopolitical events and U.S. policy [2][25]. - The gold price has accumulated a 28.9% increase year-to-date as of August 5, while silver prices have risen by 31.0% in the same period [7][10]. Group 2: Fund Positions and Market Sentiment - Managed positions in COMEX gold saw a net long position increase of 13.3% to 503 tons, marking the highest level since September 2019 [3][7]. - In contrast, COMEX silver experienced a 29.8% decrease in net long positions, dropping to 4,762 tons, the lowest in 11 weeks [3][7]. - The article notes that palladium has been in a net short position for 135 weeks, indicating a bearish sentiment in that market [8]. Group 3: Economic Indicators and Future Outlook - The article highlights the potential for U.S. interest rate cuts, with a significant probability of maintaining rates in the upcoming Federal Reserve meeting [23]. - The gold-to-North American mining stock ratio fell by 9.3%, indicating a potential divergence between gold prices and mining stocks, which may signal caution for investors [21]. - The gold-silver ratio, a measure of market sentiment, was reported at 88.673, reflecting ongoing high risk awareness in the market [22]. Group 4: Geopolitical and Policy Implications - The article suggests that U.S. policy changes may be aimed at diverting investment from commodities to digital currencies, which are closely tied to the dollar [26]. - The geopolitical landscape is expected to become more complex, particularly with Trump's focus on resolving the Russia-Ukraine conflict, which may have broader implications for global markets [25][26].