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Iranian foreign minister reiterates ‘serious damage’ to nuclear facilities, despite ayatollah’s comments

Iranian Foreign Minister Abbas Araghchi admitted in an interview on state TV that the U.S.’s strikes caused serious damage to Tehran’s nuclear facilities, despite Ayatollah Ali Khamenei’s insistence that there was minimal impact.

Araghchi said in the interview that ‘the level of damage is high, and it’s serious damage,’ according to the Associated Press.

Post-strike assessments have shown that Iran’s nuclear sites suffered damage in both U.S. and Israeli attacks. All three countries — Iran, Israel and the U.S. — have reached similar conclusions about the extent of the damage, despite what a leaked intel report indicated.

The only leader who seemingly does not agree with the assessments is Ayatollah Ali Khamenei, who said that ‘the Americans failed to achieve anything significant in their attack on nuclear facilities,’ according to reports. 

Khamenei appears to be more focused on projecting strength than reflecting reality. He described Iran’s attack on Al-Udeid, the American airbase in Qatar, as a ‘heavy slap to the U.S.’s face.’ While President Donald Trump dismissed it as a ‘very weak response’ and thanked Iran for giving the U.S. ‘early notice.’

International Atomic Energy Agency (IAEA) Director General Rafael Grossi said in a statement on Tuesday that the agency had ‘seen extensive damage at several nuclear sites in Iran, including its uranium conversion and enrichment facilities.’

In addition to discussing the damage done to Iran’s nuclear sites, Araghchi also addressed the possibility of resuming talks with the U.S. He said that the American strikes ‘made it more complicated and more difficult’ for Iran to come to the table, but did not rule out the possibility that negotiations could resume.

Nuclear talks with the U.S. might not be entirely off the table for Iran after last week’s strikes—even if Tehran is not interested in reentering negotiations right away.

The possibility of negotiations was already in question prior to Operation Midnight Hammer, as Tehran viewed the U.S. as being ‘complicit’ in Israel’s Operation Rising Lion, according to Reuters, citing Iranian U.N. Ambassador Ali Bahreini.

Trump on Wednesday expressed optimism in the U.S.’s ability to resume nuclear talks with Iran.

‘We’re going to talk to them next week, with Iran. We may sign an agreement, I don’t know. To me, I don’t think it’s that necessary. I mean, they had a war. They fought. Now they’re going back to their world. I don’t care if I have an agreement or not. The only thing we would be asking for is what we’re asking for before about, we want no nuclear [program]. But we destroyed the nuclear,’ Trump said. 

Despite Trump’s statement, there is still no clear indication that the countries have plans to meet in the near future.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

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Crypto Market Recap: Bitcoin Hashrate Drops, Coinbase Shares Hit New All-time High

Here’s a quick recap of the crypto landscape for Wednesday (June 25) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$107,736, an increase of two percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,027 and a high of US$108,116.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Ethereum (ETH) closed at US$2,432.58, trading flat over the past 24 hours. Its lowest valuation on Wednesday was US$2,403.59, and its highest valuation was US$2,441.16 at the opening bell.

Altcoin price update

  • Solana (SOL) was priced at US$144.38, down 0.6 percent over 24 hours. Its highest valuation on Wednesday was US$147.61, and its lowest was US$143.28.
  • XRP was trading for US$2.20 as markets wrapped, down by 0.3 percent in 24 hours. The cryptocurrency’s highest valuation was US$2.23, and its lowest price on Wednesday was US$2.18.
  • Sui (SUI) is trading at US$2.76, showing an increaseof 0.1 percent over the past 24 hours. Its lowest valuation was US$2.73, and its highest valuation was US$2.84.
  • Cardano (ADA) is priced at US$0.5709, down by 1.9 percent in 24 hours. Its highest valuation on Wednesday was US$0.5838, and its lowest was US$0.5678.

Today’s crypto news to know

Trump Media’s Bitcoin-Ethereum ETF gains NYSE support

The New York Stock Exchange (NYSE) has formally submitted a rule change to the US Securities and Exchange Commission (SEC) to allow the listing of the Truth Social Bitcoin and Ethereum ETF.

The dual-asset exchange-traded fund (ETF), which is backed by Donald Trump’s media company, would be held in a 3:1 BTC to ETH ratio, is to be custodied and executed by Crypto.com. The rule change was filed under the SEC’s 19b-4 process, signaling the NYSE’s commitment to fast-track the listing pending regulatory review.

This development follows Trump Media’s previously announced plan to raise US$2.4 billion for its own bitcoin treasury.

Although that fund remains inactive, the ETF proposal is part of a larger suite of politically branded crypto products in the pipeline. So far, only the Truth Social ETF filings have been formally submitted to the SEC.

Bitcoin hashrate drops amid Iran attacks and heatwave

Bitcoin’s hashrate has dropped 15 percent since June 15, and some in the community point to the attack on Iran as a primary reason, although the exact cause hasn’t been confirmed.

“Hashrate dropped right after Israel’s initial strike on Iran. It’s not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran’s power grid and disrupted some of their mining operation,” an X user known as daniel wrote on Sunday (June 22).

“Can’t say whether disrupting (their) mining was part of their plan or simply a secondary effect of the strike, but I think it’s likely this is what caused the drop in hashrate.”

However, only 3 percent of the hashrate decrease precisely coincided with events related to attacks on Iran.

According to TechCrunch, the Iranian government imposed a near-total internet blackout on as a precaution against potential cyberattacks, which coincided with a 2.2 percent decline in global hashrate from Thursday (June 19).

The US strike on Iran’s nuclear facility then led to power grid outages in the country, coinciding with a one percent decrease in global hash rates from Saturday (June 21) to Sunday (June 22).

The hashrate had already fallen by over 6.25 percent between June 15 and June 19, before the internet blackout and the US bombing. The current heatwave covering the Eastern coast of the US and Canada could be another contributing factor, as elevated temperatures can lower the efficiency of high-performing technology.

Coinbase surpasses all-time high

Coinbase Global (NASDAQ:COIN) surpassed its all-time high on Wednesday, reaching US$369.25, more than three percent above its previous record of US$357.39 recorded on November 9, 2021.

The move marks a strong resurgence from its year-to-date low of US$151.47, recorded in April.

Coinbase’s stock price has grown by 38 percent since the start of the year and 134 percent from its closing price on April 8 following the imposition of additional tariffs on China by the US, an event that triggered broader market anxieties and impacted several tech-related equities.

Norwegian deep-sea miner commits to US$1.2 billion Bitcoin strategy

Green Minerals, a deep-sea mining firm listed in Oslo, has kicked off its US$1.2 billion Bitcoin treasury plan with an initial purchase of four BTC, spending roughly US$420,000. The company said it aims to hedge against fiat currency risk and inflation while building a tech-forward balance sheet. Executive Chair Ståle Rodahl called Bitcoin “non-inflationary” and “decentralized,” framing the strategy as a long-term financial hedge.

The move places Green Minerals among 245+ companies holding over US$88 billion in BTC globally. However, the market did not immediately reward the announcement — shares dropped nearly 20 percent before stabilizing.

To increase transparency, the firm plans to report BTC-per-share data for investors going forward.

Metaplanet raises US$515 million in single-day stock exercise

Japan’s Metaplanet raised ¥74.9 billion (about US$515 million) in one day by exercising stock acquisition rights under its aggressive bitcoin treasury plan. The firm issued 54 million new shares, representing 29 percent of its current outstanding rights, as part of the so-called “555 Million Plan.”

While Metaplanet stock initially plunged 15 percent, it recovered and closed 4 percent higher after the announcement. CEO Simon Gerovich called it a “strategic milestone,” reaffirming the firm’s dedication to bitcoin-backed value creation.

Separately, France-based Blockchain Group also raised US$4.8 million via an equity issuance agreement with TOBAM. The two companies continue to expand their BTC-per-share holdings, with Blockchain Group now holding 1,653 BTC in Europe.

EU set to ignore ECB’s stablecoin warning, push ahead with new rules

The European Commission is preparing to introduce new stablecoin regulations despite repeated warnings from the European Central Bank (ECB). According to the Financial Times, the upcoming guidance would treat foreign-issued stablecoins as functionally equivalent to their EU counterparts.

The ECB has warned that this could disrupt monetary stability by encouraging deposit flight from banks into crypto.

ECB President Christine Lagarde recently urged lawmakers to fast-track the digital euro, arguing it would safeguard financial autonomy from US-dominated stablecoins.

Despite these concerns, Commission sources say the risk of a stablecoin run is minimal, and any redemptions would mostly occur in the US where reserves are held.

The new rules are expected to be unveiled within days.

South Korean banks collaborate on won-backed stablecoin

According to Econovill, a South Korean media outlet that focuses on economic and financial news, eight major South Korean banks are working together to introduce a won-pegged stablecoin

Expected to launch in late 2025 or early 2026, the project is backed by the Open Blockchain nonprofit, the Decentralized Identity Association and the Korea Financial Telecommunications and Clearings Institute and is considered a significant pioneering step for traditional banks entering the digital asset space.

The announcement follows a report published in Yonhap News on Tuesday (June 24), which cited Bank of Korea Deputy Governor Ryoo Sang-dai’s suggestions that regulated banks be the main issuers of stablecoins.

He also advised beginning with won-denominated stablecoins before expanding into other areas. According to the report, this approach aims to create a safety net for the financial system.

Reuters reported that during a press conference in Seoul earlier this month, Governor Sang-dai expressed concerns about a won-pegged stablecoin, despite not opposing it. He noted that such a stablecoin could unintentionally facilitate the exchange of won for USD. Sang-dai added that this trend could negatively impact South Korea’s currency and hinder the central bank’s monetary management strategies.

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

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

This post appeared first on investingnews.com

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Shell Denies Interest in BP Takeover, Freezing Potential Deal for Six Months

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code.

According to the company, no talks have taken place and it has no intention of making an offer.

“In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” the company said in a statement released Thursday (June 26) morning.

The clarification came after the Wall Street Journal reported that Shell was in early stage discussions to acquire BP, citing unnamed sources familiar with the matter.

The report characterizes the potential tie up as a “landmark combination” of two supermajor oil companies — one that could rival Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) in scale and reach. It would also represent the largest corporate oil merger since the US$83 billion creation of ExxonMobil at the turn of the century.

Shell’s formal denial triggers Rule 2.8 of the UK City Code on Takeovers and Mergers, barring it from making a bid for BP for the next six months, except under limited circumstances — such as BP inviting an offer, a third-party bid emerging or a material change in circumstances. In doing so, it quells investor anticipation about an energy mega-merger.

“This is a statement to which Rule 2.8 of the Code applies and accordingly Shell confirms it has no intention of making an offer for BP. As a result, Shell will be bound by the restrictions set out in Rule 2.8 of the Code,” the company states.

BP shares react, market speculation continues

The Journal’s report briefly pushed BP shares higher on Wednesday (June 25) before Shell’s denial tempered gains.

As of Thursday, BP’s share price remains one of the most underperforming among major oil companies, still lagging behind competitors after its much-criticized 2020 strategy to shift away from fossil fuels and ramp up its focus on renewables — an approach it has recently walked back.

BP’s market cap currently stands at around US$80 billion. Factoring in a takeover premium, any bid would likely surpass that amount, placing it as potentially the biggest deal of 2025 and the largest in the energy sector in decades.

Shell, which has a market value exceeding US$200 billion, would have to weigh substantial integration and regulatory challenges in any potential transaction. As mentioned, the company would be able to revisit a bid if BP’s board invites it, or if a third-party competitor steps forward, keeping the door technically and legally open.

Fueling the acquisition rumors is mounting pressure from activist hedge fund Elliott Investment Management, which holds over 5 percent of BP’s shares. Elliott has pushed for sharper cost discipline and improved shareholder returns at the company, criticizing what it views as BP’s inconsistent strategy.

In response, BP has taken steps to refocus on core hydrocarbons. It has boosted oil and gas production targets, slashed clean energy investments and begun unloading non-core businesses. The company is in the process of selling its Castrol-branded lubricants division and is exploring divestment from its solar joint venture, Lightsource BP.

BP also announced earlier this month that Chairman Helge Lund — seen as the architect of the company’s now-receding green transition — is set to step down. The leadership shakeup adds to speculation that BP is becoming more receptive to investor demands and, potentially, corporate consolidation.

Whether or not a Shell-BP deal ever materializes, the broader M&A wave sweeping the oil and gas sector shows no signs of slowing. Chevron is in the process of finalizing its US$53 billion acquisition of Hess (NYSE:HES), though that deal faces legal challenges from Exxon Mobil, which holds overlapping interests.

Exxon itself completed a US$60 billion purchase of Pioneer Natural Resources last year. Diamondback Energy’s (NASDAQ:FANG) US$26 billion acquisition of Endeavor Energy Resources in the Permian Basin also reflects the growing appetite for consolidation in an industry facing long-term cost pressures and uncertain regulatory futures.

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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Blue Lagoon Resources Added to CSE25 Index – Recognized Among 25 Largest Companies on the Canadian Securities Exchange

(TheNewswire)

June 26, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (the ‘ Company ‘) (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has been added to the CSE25 Index the Canadian Securities Exchange’s benchmark index that tracks the top 25 issuers by market capitalization.

The CSE25 Index is a sub-index of the CSE Composite Index and includes the largest companies by market capitalization on the exchange. Inclusion in the index represents a significant achievement for Blue Lagoon, reflecting its growing market capitalization, strong shareholder support, and providing increased visibility among institutional investors.

‘Being added to the CSE25 is a meaningful indication of the progress that we have made,’ said Rana Vig, President & CEO of Blue Lagoon Resources . ‘With a fully permitted project, funding in place, and gold production expected to begin this summer, our inclusion in the index is a reflection of both market confidence and the strength of our strategic execution.’

This announcement comes on the heels of several recent achievements:

  • The Company received its final mining permit earlier this year, making it one of only nine such permits granted in British Columbia in the last decade.

  • The Company strengthened its relationship with its toll milling partner, Nicola Mining, by executing a $2 million line of credit agreement — reinforcing the strategic partnership while providing non-dilutive financial flexibility. Notably, the facility is unsecured and does not require any collateral against the Dome Mountain project.

  • The Company remains fully funded to first production, backed by long-term institutional and strategic investors including Crescat Capital, Phoenix Gold Fund, and Nicola Mining. This strong financial position is further supported by a recently completed financing of over $4.8 million and more than $3.6 million in-the-money warrants, offering additional non-dilutive capital potential.

‘We are entering a new phase of growth,’ added Vig. ‘As a member of the CSE25, we look forward to reaching a broader audience of investors and continuing to create value as we move toward cash flow.’

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and  consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.

For further information, please contact:

Rana Vig

President and CEO

Telephone: 604-218-4766

Email: ranavig@bluelagoonresources.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions.  Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Westport to Issue Q2 2025 Financial Results on August 11, 2025 and Provides an Update on the Divestment of the Light-Duty Segment

Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) (‘Westport’ or ‘The Company’) announces that the Company will release Q2 2025 financial results on Monday, August 11, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 12, 2025.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI842f3b76bd5b44c7aee3e609a6cc77b3  
Webcast: https://investors.westport.com

Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

The webcast will be archived on Westport’s website and a replay will be available at https://investors.westport.com

Light-Duty Divestment Transaction Update

Westport today reaffirms its commitment to the pending sale of its Light-Duty Segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (‘Heliaca Investments’), a Netherlands based investment firm supported by Ramphastos Investments Management B.V. a prominent Dutch venture capital and private equity firm (the ‘Transaction’), first announced in March 2025. The closing of the Transaction is now expected to occur in July 2025, slightly later than originally anticipated. The revised timeline reflects an updated regulatory review process. The Company continues to work closely with all parties as the remaining conditions to close are finalized.

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.westport.com .

Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@westport.com

News Provided by GlobeNewswire via QuoteMedia

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Issue of Shares and Cleansing Notice

Further to the ASX announcement on 20 June 2025, Cygnus Metals Limited (‘Cygnus’ or the ‘Company’) advises that it has issued a total of 211,627,907 fully paid ordinary shares (‘Shares’) at A$0.086 each under Tranche 1 of the Placement, raising a total of A$18,200,000 (before costs). The Shares were issued under the Company’s existing capacity under ASX Listing Rules 7.1 (126,702,591) and 7.1A (84,925,316).

A further 1,162,790 Shares are intended to be issued under Tranche 2 of the Placement to Non-Executive Director Raymond Shorrocks, or his nominees, subject to receipt of shareholder approval at a general meeting to be held in August 2025.

In addition, the Company has issued a total of 306,129 Shares to employees on conversion of 350,000 vested Performance Rights issued under the Company’s previous Employee Securities Incentive Plan.

Cygnus issued the Shares without disclosure under section 708A(5) of the Corporations Act 2001 (Cth) (‘Act’). With reference to those Shares issued, in accordance with section 708A(6) of the Act, the Company gives notice under paragraph 708A(5)(e) that:

1. the Company issued the Shares without disclosure under Part 6D.2 of the Act; and
2. as at the date of this notice:
a) the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
b) the Company has complied with sections 674 and 674A of the Act; and
c) other than as set out below, there is no excluded information within the meaning of sections 708A(7) and 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act.

As previously announced, the Company has ongoing exploration and drill programs at its Chibougamau Copper-Gold Project in Quebec and is awaiting assay results from its current drill program (which remains ongoing). The Company will announce its assay results when it is in a position to complete the collation and interpretation of all data and in accordance with its continuous disclosure obligations, the JORC Code and the ASX Listing Rules.

This announcement has been authorised for release by the Board of Directors of Cygnus.

David Southam
Executive Chair
T: +61 8 6118 1627
E: info@cygnusmetals.com 		Ernest Mast
President & Managing Director
T: +1 647 921 0501
E: info@cygnusmetals.com 		Media:
Paul Armstrong
Read Corporate
+61 8 9388 1474

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

News Provided by GlobeNewswire via QuoteMedia

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Tudor to Acquire American Creek in Latest Gold M&A Deal

Tudor Gold (TSXV:TUD,OTC Pink:TDRRF) has signed a definitive agreement to acquire American Creek Resources (TSXV:AMK,OTCQB:ACKRF) in an all-share transaction, marking a consolidation in BC’s Golden Triangle.

Under the deal, dated Wednesday (June 25), each American Creek shareholder will receive 0.238 shares of Tudor for each share held, effectively giving Tudor an 80 percent ownership stake in the Treaty Creek project — one of Canada’s largest undeveloped gold-copper porphyry systems. American Creek previously held a fully carried 20 percent interest.

‘Our acquisition of American Creek increases our interest to 80 percent in the Treaty Creek Project, which hosts one of the largest gold discoveries in Canada with excellent potential for expansion and additional gold-copper discoveries, at a reasonable per ounce of gold equivalent cost,’ said Joe Ovsenek, Tudor Gold president and CEO, in a press release.

According to Tudor, Treaty Creek is located adjacent to world-class deposits held by Seabridge Gold (TSX:SEA,NYSE:SA) and Newmont (TSX:NGT,NYSE:NEM). Treaty Creek’s flagship Goldstorm deposit is a large-scale system that holds both gold and copper mineralization, and the project has consistently returned high-grade intercepts.

The transaction also includes the settlement of up to US$2.22 million in severance obligations to American Creek insiders — US$1 million in cash and the remainder in Tudor shares at a price of US$0.537 per share.

These shares will be subject to a four month statutory hold period, pending approval from the TSX Venture Exchange.

Golden Triangle deal mirrors global M&A trend

The Tudor-American Creek deal is the latest in a wave of mining sector consolidations driven by a record gold price, rising corporate cash reserves and dwindling new deposit discoveries.

Notable deals in the first half of 2025 include the C$2.6 billion merger of Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Calibre Mining, which was announced in February and closed this month.

In Australia, Northern Star Resources (ASX:NST,OTC Pink:NESRF) closed its AU$5 billion acquisition of De Grey Mining in May. De Grey was the owner of the massive Hemi gold deposit. The same month, Gold Fields (NYSE:GFI,JSE:GFI) made a US$2.4 billion bid for Gold Road Resources (ASX:GOR,OTC Pink:ELKMF).

Ramelius Resources’ (ASX:RMS,OTC Pink:RMLRF) AU$2.4 billion acquisition of Spartan Resources (ASX:SPR,OTC Pink:GYYSF), announced in March, further underscores the appetite for consolidation.

Data from S&P Global Commodity Insights shows last year’s M&A activity laid the groundwork for this trend.

With US$26.54 billion in deal value across 62 qualifying transactions, gold remained the dominant metal of focus, accounting for 43 deals and US$19.31 billion of total deal value. ‘Ever-depleting mining reserves and limited exploration success mean that acquisition is now the key strategy for growth,’ the report notes.

Gold’s record price rise, which took it to the US$3,500 per ounce level in April, has made previously uneconomic deposits viable and pushed miners’ margins to historic highs.

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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John Ciampaglia: Uranium Turnaround? Spot Price Pop, Stocks and SPUT Raise

John Ciampaglia, CEO of Sprott Asset Management, discusses uranium supply, demand and pricing, also sharing details on the Sprott Physical Uranium Trust’s (TSX:U.U,OTCQX:SRUUF) recently closed US$200 million bought-deal financing.

‘It’s clearly acted as a very positive catalyst — the spot price has popped, a lot of the equities have popped on this,’ he said about the agreement.

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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