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This week was marked by strong, event-driven volatility across the tech sector.

Market moves were shaped by artificial intelligence (AI) infrastructure announcements, semiconductor earnings, signals of macroeconomic stress and escalating tensions between the US and China.

Effects of the US government shutdown, coupled with renewed trade tensions between the world’s largest tech markets, weighed on global equities. Quarterly results from regional banks eased earlier concerns about credit risks after Zions Bancorp (NASDAQ:ZION) and Western Alliance (NYSE:WAL) disclosed loan issues related to apparent fraud.

Wall Street ultimately saw weekly gains, despite a midweek selloff that impacted high-value, high-risk sectors.

Hardware and infrastructure were the core positive contributors in the tech sector, reflecting the ongoing AI supercycle investment theme fueled by chip production and data center buildouts.

Semiconductor stocks were the standout performers, boosted by record earnings reports from Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) on Tuesday (October 14) and ASML Holding (NASDAQ:ASML) on Wednesday (October 15). Broadcom (NASDAQ:AVGO) and NVIDIA (NASDAQ:NVDA) also rose alongside TSMC, contributing to PHLX Semiconductor Sector’s (INDEXNASDAQ:SOX) 1.2 percent rebound on Thursday (October 16).

Advanced Micro Devices’ (NASDAQ:AMD) deal with Oracle (NYSE:ORCL) to deploy 50,000 GPUs, which was announced the same day as TSMC’s earnings, added a competitive dynamic that sparked selective volatility among chipmakers; at the same time, it underscored strong AI-driven hardware demand across the sector.

In consumer hardware, Apple’s (NASDAQ:AAPL) product launch was notable, but not the primary market mover.

Data centers also had a big impact, highlighted by Microsoft’s (NASDAQ:MSFT) US$14 billion Texas AI data center partnership with Nscale, and Brookfield Asset Management’s (TSX:BAM,NYSE:BAM) US$5 billion investment in Bloom Energy’s (NYSE:BE) fuel cell technology for powering AI-focused data centers. Oracle is forecasting acceleration in its AI data center business, indicating expanding hardware-backed infrastructure demand

Software and cloud-native company movements were more mixed, with gains from Salesforce (NYSE:CRM), but declines from others like Meta Platforms (NASDAQ:META) and Palantir Technologies (NASDAQ:PLTR).

3 tech stocks that moved markets this week

1. Broadcom (NASDAQ:AVGO)

Broadcom shares surged nearly 10 percent on Monday (October 13) after OpenAI announced a multi-year agreement to co-develop custom AI GPUs. The collaboration will focus on deploying 10 gigawatts of custom AI accelerators designed by OpenAI and built by Broadcom, with deployment set to start in H2 2026 and continue through 2029.

Later, multiple reports emerged citing individuals claiming that OpenAI is also partnering with Arm Holdings (NASDAQ:ARM) to produce custom CPUs to work alongside its Broadcom co-designed chip.

Shares of Arm also advanced by over 11 percent.

2. Advanced Micro Devices (NASDAQ:AMD)

Oracle and AMD also announced a major partnership this week, where Oracle will deploy 50,000 AMD-powered MI450 GPUs in its cloud infrastructure starting in the third quarter of 2026, with plans for ongoing expansion.

AMD’s share price rose by over 9 percent on the news, with the deal creating competitive pressure for rival chipmakers like NVIDIA. Meanwhile, Oracle shares declined by almost 7 percent on Friday (October 17) after the firm’s CEO, Clay Magouryk, provided an upbeat projection to analysts, indicating that the deployment of 50,000 AMD-powered MI450 GPUs will significantly accelerate Oracle’s AI business growth.

However, analysts highlighted the potential for a significantly high CAPEX, possibly leading to negative free cashflow totaling more than US$26 billion over the next three fiscal years.

3. Salesforce (NYSE:CRM)

Shares of Salesforce rose by almost 4 percent on Thursday after the company announced a revenue target of US$60 billion by 2030 during its Investor Day at Dreamforce event on Wednesday.

Salesforce plans to achieve this ambitious target through accelerated adoption of AI-powered cloud platforms and ongoing innovation in enterprise software services, as well as expanded use of generative AI across its CRM, analytics, and automation suites.

Broadcom, Salesforce and AMD performance, October 14 to 17, 2025.

Chart via Google Finance.

Tech ETF performance

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 1.94 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly gain of 1.66 percent.

The VanEck Semiconductor ETF (NASDAQ:SMH) increased by 1.59 percent.

These modest gains occurred against a backdrop of heightened volatility, indicating ongoing optimism in the long-term growth of the semiconductor industry.

Other tech market news

            Tech news to watch next week

            Next week brings quarterly earnings from major tech firms Tesla (NASDAQ:TSLA) and IBM (NYSE:IBM) on October 22, followed by Intel (NASDAQ:INTC) and Amazon (NASDAQ:AMZN) on October 23.

            Any new developments in US-China relations, potential technology export restrictions or antitrust actions could significantly affect tech stock performance. Market watchers will also be on the lookout for any indication of an end to the US government shutdown.

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

            This post appeared first on investingnews.com

            The Government of Ontario started taking applications for resource development projects under its “One Project, One Process” framework on Friday (October 17).

            The new process, which Ontario lawmakers introduced in the spring, promises to streamline and reduce the permitting time for selected projects by at least half, introducing a dedicated office to consolidate applications. Under the current system, the permitting process can add up to 15 years to a project’s development cycle, the government stated.

            In addition to supporting Ontario’s mining industry, the new framework is also a reaction to policy shifts in the United States under the Trump administration, as his tariff policy affects the Ontario and Canadian economies.

            “With President Trump taking direct aim at our economy, it has never been more important to protect Ontario jobs and build the mines that will power our future,” said Stephen Lecce, Minister of Energy and Mines.

            The new policy is similar to the national one introduced by Prime Minister Mark Carney in September. That program, which created the Major Projects Office, is geared to support investment and permitting for projects deemed to be in the national interest. The initiative was part of his election platform earlier in the year in response to Trump’s tariffs on imports of Canadian goods.

            In a speech to the Peterson Institute of International Economics on Thursday (October 16), Bank of Canada Governor Tiff Macklem stated that Canada’s growth outlook remains “soft.”

            He identified several trends that are affecting Canadian and global economies. The first is a slowing of global trade that began in 2010, which then accelerated as Trump increased tariff rates to the highest levels since the 1930s.

            The second is a shift away from the US as the world’s largest trading hub, as supply chains strengthen in China and Europe, creating new hubs there. Macklem also noted that, while the US remains dominant in global finance, investors have expressed uncertainty due to its declining trade position and increasing debt load.

            For Canada, Macklem said the tariffs have affected cross-border trade and stymied investment into Canadian industries, weakening gross domestic product growth.

            Although it’s uncertain if the Bank of Canada will cut its rate when it makes its next policy decision on October 29, Macklem said, “Monetary policy cannot undo the damage of tariffs.” Instead, he suggested that Canada needs to lower barriers to interprovincial trade and focus on projects that increase the export of Canadian goods overseas.

            South of the border, Federal Reserve Chairman Jerome Powell gave a speech on Tuesday (October 14) to the National Association of Business Economics in Philadelphia. In his remarks, he said the outlook for the jobs market and inflation has not changed since September, and signaled the likelihood of another rate cut when the Federal Open Market Committee meets on October 28 and 29.

            In the days following Powell’s remarks, the price of gold surged to a new record high of US$4,379.13 on Thursday, and silver rose to a new record of US$54.40 per ounce. Both have since retreated, but remain elevated.

            For more on what’s moving markets this week, check out our top market news round-up.

            Markets and commodities react

            Canadian equity markets were down this week.

            The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 0.71 percent over the week to close Friday at 30,108.48.

            The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared worse, ending the week down 3.85 percent at 965.58. The CSE Composite Index (CSE:CSECOMP) also fell this week, shedding 5.33 percent to close out the week at 179.76.

            The gold price set another new record, reaching an intraday high of US$4,379.13 per ounce in early morning trading Friday EST before retreating to US$4,252.69 by Friday’s close. Ultimately, gold was up 5.82 percent over the week.

            The silver price also gained significantly this week, again breaking its own all-time high in early trading Friday when it reached US$54.47 per ounce. However, it had pulled back US$51.76 by 4:00 p.m. EDT Friday, posting a weekly gain of 3.46 percent.

            The copper price was flat on the week, down just 0.2 percent to US$5.03 per pound.

            The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 2.23 percent to end Friday at 539.84.

            Top Canadian mining stocks this week

            How did mining stocks perform against this backdrop?

            Take a look at this week’s five best-performing Canadian mining stocks below.

            Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

            1. JZR Gold (TSXV:JZR)

            Weekly gain: 112.77 percent
            Market cap: C$28.95 million
            Share price: C$0.50

            JZR Gold is a gold company with exposure to the Vila Nova gold project, located in Amapá, Brazil, through a joint venture royalty agreement with the project’s operator, ECO Mining Oil & Gaz Drilling and Exploration.

            JZR received a 50 percent net profit interest in the Vila Nova project following the completion of payments totaling US$6 million to ECO in January 2023. The funds were used to advance the project and construct an 800 metric ton per day bulk sampling gravimetric mill at the site.

            According to JZR, the funding is considered a loan and will be “repaid to the Company from the proceeds of the sale of any products, prior to the distribution of any profits.”

            The project holds approximately 9 million metric tons of gold tailings grading an average of 2.47 grams per metric ton (g/t) gold from historic operations. The companies plan to reprocess the tailings to generate near-term cash flow that will fund further exploration at the site, anticipating production of 2 kilograms of gold per day.

            Shares gained this week alongside the October 14 news that ECO produced the first gold concentrate from the Vila Nova gold project’s mill. JZR said that ECO has begun to stockpile material at the mill site as it continues testing and optimization, with the goal of improving efficiency and increasing throughput.

            2. Austral Gold (TSXV:AGLD)

            Weekly gain: 90 percent
            Market cap: C$75.37 million
            Share price: C$0.095

            Austral Gold is a gold production company operating two mines in Latin America.

            Its Guanaco – Amancaya mine complex in Chile is its primary operation, hosting a 1,500 metric ton per day milling circuit, a 3,000 metric ton per day crushing circuit and a heap leaching processing plant. In 2024, the complex produced 15,138 ounces of gold and 37,154 ounces of silver.

            Austral’s other operation is the Casposo – Manantiales complex in Argentina, which hosts a 1,100 metric ton per day mill and a dry-stack tailings facility. The mine had been on care and maintenance since 2019, during which time Austral worked on exploration at the site, along with its refurbishment plan to restart operations.

            Shares in Austral rose this week following a pair of announcements on Tuesday.

            The first was a report that Austral has resumed production at Casposo, currently sourcing material from the existing stockpiles. The company said it plans to transition to open-pit mining and is in negotiations with a contractor to finalize an agreement.

            The company produced 230 gold equivalent ounces of doré during the commissioning phase, which began in December 2024, according to the release. It expects Casposo to produce 4,000 to 6,000 gold equivalent ounces during Q4.

            In the other release, Austral provided an updated mineral reserve estimate for Casposo reporting proven and probable gold contained to be 80,000 ounces of gold and 3.28 million ounces of silver with average grades of 1.31 g/t gold and 58.52 g/t silver from 2.15 million metric tons of ore.

            3. Resouro Strategic Metals (TSXV:RSM)

            Weekly gain: 88.64 percent
            Market cap: C$29.14 million
            Share price: C$0.415

            Resouro Strategic Metals is a polymetallic exploration and development company working to advance its mineral properties in Brazil.

            Its Tiros rare earth metals and titanium project is located in Minas Gerais, Brazil, and comprises 28 mineral rights covering an area of 497 square kilometers.

            According to a May 2025 technical report, the site hosts a measured and indicated resource of 1.4 billion metric tons of ore grading 12 percent titanium dioxide and 4,000 parts per million of total rare earth content.

            The company also owns the Novo Mundo gold project located in the Alta Floresta gold province in Central Brazil. It consists of three licenses totaling 167 square kilometers.

            On Tuesday, Resouro provided an update to its ongoing private placement, noting that it had received subscription agreements and expects to close in the next week.

            4. Nio Strategic Metals (TSXV:NIO)

            Weekly gain: 75 percent
            Market cap: C$16.24 million
            Share price: C$0.175

            Nio Strategic Metals is an exploration company working to advance its assets in Québec, Canada.

            Its primary focus has been on its Oka rare earth and critical minerals project. The property hosts a past-producing niobium mine and several nearby mineralized zones.

            According to the project page, Oka’s total measured and indicated resource is 10.63 million metric tons of ore at an average grade of 0.65 percent niobium oxide.

            While the company did not release any news this week, shares in Nio Strategic Metals rose significantly.

            5. Boron One (TSXV:BONE)

            Weekly gain: 71 percent
            Market cap: C$14.92 million
            Share price: C$0.06

            Boron One is an exploration company focused on advancing its Piskanja project located near Belgrade, Serbia.

            The asset hosts two primary densely mineralized zones with gently undulating borate beds. The company was initially granted its exploration license in 2010, with the exclusive right to apply for a mining license.

            In a preliminary economic assessment for the project released in June 2022, Boron One, then named Erin Ventures, reported an economic case with an after-tax, net present value of US$524.9 million with an internal rate of return of 78.7 percent and a payback period of 12 months.

            It also provided a mineral resource statement that demonstrated a measured and indicated resource of 2.36 million metric tons of boric oxide from 6.87 million metric tons of ore with an average grade of 34.36 percent boric oxide.

            The most recent news from the project came on September 26 when the company provided an update on its application for a mining license, noting the Ministry of Mining has requested amendments to the company’s application before it can be approved.

            Boron One said it is preparing the revised version “as quickly as possible.”

            FAQs for Canadian mining stocks

            What is the difference between the TSX and TSXV?

            The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

            How many mining companies are listed on the TSX and TSXV?

            As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

            Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

            How much does it cost to list on the TSXV?

            There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

            The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

            These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

            How do you trade on the TSXV?

            Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

            Article by Dean Belder; FAQs by Lauren Kelly.

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

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

            This post appeared first on investingnews.com

            • MAVERIC Phase III pivotal trial of orphan drug candidate CardiolRx in recurrent pericarditis is fully funded through to a planned New Drug Application submission with the FDA.

            • New data from the ARCHER trial, highlighting the magnitude of reduction in left ventricular (LV) mass and the read through to heart failure, to be presented at a cardiology conference in November 2025.

            • Next-generation therapy CRD-38 for heart failure funded through to clinical development, with partnership discussions advancing with leading pharmaceutical companies.

            Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) (‘Cardiol’ or the ‘Company’), a clinical-stage life sciences company advancing late-stage, anti-inflammatory and anti-fibrotic therapies for heart disease, today announced the successful completion of a private placement offering (the ‘Offering’) of units (‘Units’) for net proceeds of US$11 million. The initial closing of US$10 million has been completed, with the remaining US$1 million to close on Monday, October 20, 2025.

            ‘As recruitment in our pivotal Phase III MAVERIC trial gains momentum, with several prominent centers across the U.S. now enrolling patients, we are pleased to have secured a direct investment of US$11 million to strengthen our balance sheet and accelerate the development of our novel heart failure drug, CRD-38, based on the recently reported findings from our ARCHER trial,’ said David Elsley, President and CEO of Cardiol Therapeutics. ‘Topline results from our ARCHER trial demonstrated a significant reduction in LV mass-marking the first evidence of structural and remodeling improvement in patients with myocarditis. This landmark finding represents our second clinical validation in inflammatory heart disease and establishes a key translational link to data published earlier this year in the Journal of the American College of Cardiology, which demonstrated the beneficial effects of the active pharmaceutical ingredient or API in CardiolRx on cardiac structure, inflammation, and fibrosis in a model of heart failure. The ARCHER findings support pursuing an additional Orphan Drug Designation for CardiolRx in myocarditis and advancing the development of our next-generation CRD-38 formulation, which delivers the same API via subcutaneous administration, to target the broader heart failure market. Notably, blockbuster drugs that reduce LV mass have been shown to lower heart failure-related death and hospitalization, underscoring the clinical potential of Cardiol’s differentiated anti-inflammatory mechanism to address a large unmet need in heart failure, where five-year mortality rates still exceed 50%.’

            Under the Offering, the Company sold a total of 11 million Units at a price of US$1.00 per Unit. Each Unit consists of one Class A common share of the Company (a ‘Common Share‘) and one-half of one Common Share purchase warrant. Each whole warrant entitles the holder to acquire one additional Common Share at an exercise price of US$1.35 for a period of 24 months from the date of issuance. The warrants include an acceleration provision, allowing the Company to advance their expiry to the 30th day following the issuance of a news release if the daily volume-weighted average trading price of the Common Shares exceeds US$2.00 for five consecutive trading days. Proceeds from the Offering provide cash resources that are anticipated to support operations into the third quarter of 2027.

            The securities have not been registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the ‘United States’ or ‘U.S. persons’ (as such terms are used in Regulation S under the U.S. Securities Act), absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. 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 of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

            Certain insiders of the Company participated in the Offering. Such participation is considered to be a ‘related-party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party participation in the Offering as the fair market value (as determined under MI 61-101) of the subject matter of, and the fair market value of the consideration for, the transaction, insofar as it involved interested parties, did not exceed 25% of the Company’s market capitalization (as determined under MI 61-101).

            About Cardiol Therapeutics

            Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) is a clinical-stage life sciences company advancing late-stage, anti-inflammatory and anti-fibrotic therapies for heart disease. The Company’s lead small molecule drug candidate, CardiolRx, modulates inflammasome pathway activation, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with pericarditis, myocarditis, and heart failure.

            The MAVERIC Program in recurrent pericarditis, an inflammatory disease of the pericardium which is associated with symptoms including debilitating chest pain, shortness of breath, and fatigue, and results in physical limitations, reduced quality of life, emergency department visits, and hospitalizations, comprises the completed Phase II MAvERIC-Pilot study (NCT05494788) and the ongoing pivotal Phase III MAVERIC trial (NCT06708299). The U.S. FDA has granted Orphan Drug Designation to CardiolRx for the treatment of pericarditis, which includes recurrent pericarditis.

            The ARCHER Program (NCT05180240) comprises the completed Phase II study in acute myocarditis, an important cause of acute and fulminant heart failure in young adults and a leading cause of sudden cardiac death in people less than 35 years of age.

            Cardiol is also developing CRD-38, a novel subcutaneously administered drug formulation intended for use in heart failure-a leading cause of death and hospitalization in the developed world, with associated healthcare costs in the United States exceeding US$30 billion annually.

            For more information about Cardiol Therapeutics, please visit cardiolrx.com.

            Cautionary statement regarding forward-looking information:

            This news release contains ‘forward-looking information’ within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Cardiol believes, expects, or anticipates will, may, could, or might occur in the future are ‘forward-looking information’. Forward-looking information contained herein may include, but is not limited to statements regarding the Company’s focus on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, the Company’s intended clinical studies and trial activities and timelines associated with such activities, including the Company’s plan to complete the Phase III study in recurrent pericarditis with CardiolRx, the Company’s plan to advance the development of CRD-38, a novel subcutaneous formulation intended for use in heart failure, the Company’s presentation and publication of the comprehensive ARCHER trial data, the Company’s belief that results from the ARCHER trial provide compelling clinical proof of concept for CardiolRx and strongly support advancing the clinical development of CardiolRx and CRD-38 for the treatment of inflammatory cardiac disorders including cardiomyopathies, heart failure, and myocarditis, and statements regarding the expected length and scope of funding for the Company’s development plans as a result of the Offering. Forward-looking information contained herein reflects the current expectations or beliefs of Cardiol based on information currently available to it and is based on certain assumptions and is also subject to a variety of known and unknown risks and uncertainties and other factors that could cause the actual events or results to differ materially from any future results, performance or achievements expressed or implied by the forward looking information, and are not (and should not be considered to be) guarantees of future performance. These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company’s Annual Information Form filed with the Canadian securities administrators and U.S. Securities and Exchange Commission on March 31, 2025, available on SEDAR+ at sedarplus.ca and EDGAR at sec.gov, as well as the risks and uncertainties associated with product commercialization and clinical studies. These assumptions, risks, uncertainties, and other factors should be considered carefully, and investors should not place undue reliance on the forward-looking information, and such information may not be appropriate for other purposes. Any forward-looking information speaks only as of the date of this press release and, except as may be required by applicable securities laws, Cardiol disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events, or results, or otherwise. Investors are cautioned not to rely on these forward-looking statements.

            For further information, please contact:
            Trevor Burns, Investor Relations +1-289-910-0855
            trevor.burns@cardiolrx.com

            To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270946

            News Provided by Newsfile via QuoteMedia

            This post appeared first on investingnews.com

            Vince Lanci of Echobay Partners explains what’s driving silver’s record-setting price run.

            According to Lanci, who is also a professor at the University of Connecticut and publisher of the GoldFix newsletter on Substack, the London market is facing a liquidity crisis as nations that would typically sell or lend their silver choose to keep the metal at home.

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

            This post appeared first on investingnews.com

            /NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

            finlay minerals ltd. (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) is pleased to announce that it has closed its non-brokered private placement (the ‘Private Placement’), previously announced on October 6, 2025, consisting of the issuance of: (i) 10,633,999 flow-through units of the Company (each, a ‘FT Unit’) at a price of $0.15 per FT Unit, and (ii) 883,000 non-flow-through units of the Company (each, a ‘NFT Unit’) at a price of $0.13 per NFT Unit, for aggregate gross proceeds to the Company of $1,709,890.

            Each FT Unit is comprised of one common share of the Company issued on a flow-through basis under the Income Tax Act (Canada) (a ‘FT Share‘) and one-half of one non-flow-through common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant is exercisable by the holder thereof to acquire one non-flow-through common share of the Company (a ‘NFT Share‘) at an exercise price of $0.25 per NFT Share until October 17, 2027.

            Each NFT Unit is comprised of one NFT Share and one Warrant with identical terms to the Warrants underlying the FT Units.

            The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the offering document for the Private Placement. The Company will use the gross proceeds from the issuance of FT Shares to incur ‘Canadian exploration expenses’ and qualify as ‘flow-through critical mineral mining expenditures’, as such terms are defined in the Income Tax Act (Canada).

            The Private Placement was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in the Private Placement are not subject to a hold period under applicable Canadian securities laws. The Private Placement is subject to final approval of the TSX Venture Exchange.

            The Company paid aggregate cash finder’s fees of $96,550.78 and issued 648,358 non-transferable finder warrants (each a ‘Finder Warrant‘) to arm’s length finders of the Company, as compensation for identifying purchasers in the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one NFT Share at an exercise price of $0.25 per NFT Share until October 17, 2027. The Finder Warrants and the NFT Shares issued on exercise thereof are subject to a hold period expiring on February 18, 2026 in accordance with applicable securities laws.

            This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

            About finlay minerals ltd.

            Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. All of the properties are located in areas of recent copper-gold porphyry discoveries.

            Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com 

            On behalf of the Board of Directors,

            Robert F. Brown,
            Executive Chairman of the Board

            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 Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the final approval for the Private Placement from the TSXV and the planned use of proceeds for the Private Placement. Although Finlay 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 or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. 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, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law. 

            SOURCE finlay minerals ltd.

            View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2025/17/c8773.html

            News Provided by Canada Newswire via QuoteMedia

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            MILAN — Giorgio Armani has appointed deputy managing director Giuseppe Marsocci as chief executive with immediate effect, the Italian fashion house said on Thursday, confirming media reports.

            Marsocci, who has been with the company for 23 years, serving as global chief commercial officer for the past six years, steps into the role previously held by founder Giorgio Armani, who died in September.

            Armani kept a tight grip on the fashion empire he set up 50 years ago, but a new structure is emerging for its next phase.

            Marsocci will oversee the planned sale of a 15% stake, with priority to be given to the luxury conglomerate LVMH.PA, beauty heavyweight L’Oreal OREP.PA, eyewear leader EssilorLuxottica ESLX.PA or another group of “equal standing,” as outlined in Armani’s will.

            “His international professional experience, deep knowledge of the sector and the company, discretion, loyalty, and team spirit, together with his closeness to Mr. Armani in recent years, make Giuseppe the most natural choice to ensure continuity with the path outlined by the founder,” said Armani‘s partner and head of men’s design, Pantaleo Dell’Orco, who has taken on the role of chairman.

            Dell’Orco has also recently been appointed to chair the Giorgio Armani Foundation, which controls 30% of the voting rights of his business empire. Dell’Orco already controls 40% of the luxury group’s voting rights.

            The appointment of Marsocci, 61, was unanimously proposed by the Giorgio Armani Foundation, the luxury group said.

            Giorgio Armani’s niece Silvana, head of women’s style, will be appointed vice president, according to the statement.

            This post appeared first on NBC NEWS

            McEwen (TSX:MUX,NYSE:MUX) has agreed to acquire Canadian Gold (TSXV:CGC,OTCQB:STRRF) in an all-share transaction that values Canadian Gold at a 96.7 percent premium over its pre-announcement trading price.

            The deal, announced on Tuesday (October 14) and finalized under a definitive arrangement agreement signed on October 10, will see McEwen acquire Canadian Gold through a statutory plan of arrangement.

            Once completed, Canadian Gold will become a wholly owned subsidiary of McEwen, strengthening the miner’s Canadian project portfolio with a high-grade, former-producing mine in Manitoba.

            Under the terms of the agreement, Canadian Gold shareholders will receive 0.0225 McEwen shares for each Canadian Gold share held. Upon completion, existing McEwen shareholders will own approximately 92 percent of the combined company, while Canadian Gold shareholders will hold about 8 percent.

            McEwen will continue to trade under its existing ticker symbol, “MUX,” on both the NYSE and TSX.

            Canadian Gold’s flagship asset is the Tartan Lake gold mine project, located near Flin Flon, Manitoba. The property is a past-producing, high-grade gold mine with established infrastructure and strong exploration potential.

            The site is situated near an experienced mining workforce and requires no construction of a new camp, a logistical advantage that McEwen says aligns with its existing operational model.

            The acquisition offers benefits for both sets of shareholders, according to the companies. For Canadian Gold investors, the transaction will provide access to McEwen’s diversified operations, technical expertise and the liquidity of a dual-listed stock. For McEwen shareholders, the deal adds another advanced-stage Canadian project with geological similarities to the company’s Fox complex in Ontario, bolstering its exploration and production pipeline.

            “The Tartan Mine has significant potential and complements our development strategy,” Chairman and Chief Owner Rob McEwen said in a press release, noting possible synergies with Fox. The boards of both companies unanimously approved the deal following recommendations from independent special committees.

            In compliance with NYSE rules, Rob McEwen will not receive newly issued McEwen shares representing over 1 percent of the company’s current shares without prior shareholder approval, which will be sought at the next annual meeting.

            Should approval not be obtained, McEwen will pay cash in lieu of excess shares.

            The deal includes customary closing conditions, regulatory approvals and a C$2.195 million break fee payable to McEwen if Canadian Gold accepts a superior proposal. A detailed information circular outlining the terms of the proposed transaction will be mailed to Canadian Gold shareholders ahead of a December special meeting.

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

            This post appeared first on investingnews.com

            Here’s a quick recap of the crypto landscape for Wednesday (October 15) as of 9:00 p.m. UTC.

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

            Bitcoin and Ether price update

            Bitcoin (BTC) was priced at US$112,274, a 1.2 percent decrease in 24 hours. Its lowest valuation of the day was US$110,392, and its highest was US$112,241.

            Bitcoin price performance, October 15, 2025.

            Chart via TradingView.

            Analysts maintain that market resilience and institutional demand persist despite the largest liquidation event in the cryptocurrency’s history last week. In his weekly commentary, Bitwise Asset Management’s Matt Hougan notes that while panic is often signaled by a flood of investor communications, this time “it was crickets.”

            He observed, “professional investors largely ignored the news,” despite media and social media buzz.

            Hougan added that the market may remain jittery in the near term as liquidity providers typically pull back after major volatility, which can cause exaggerated price moves.

            However, he expressed confidence that “over time, the market will catch its breath and renew its attention on crypto’s fundamentals,” leading him to believe “the bull market will continue apace.”

            While fundamentals and ongoing institutional demand sustain optimism, the market stands at a critical point where a near-term correction remains a real possibility before the bull market can continue.

            Technical analysts warn of downside risks, with a rising wedge pattern and a key support level at US$102,000. A breakdown could trigger a 34 percent correction to US$74,000.

            Ether (ETH) was priced at US$3,983.03, a 3 percent decrease in 24 hours. Its lowest valuation of the day was US$3,944.17, and its highest was US$4,096.90. Analysts are bullish on Ether, with some projecting a potential rally to US$5,200, citing the Ethereum Foundation’s new privacy initiative as a critical catalyst.

            The “Privacy Cluster,” a 47 person research and engineering team, aims to embed protocol-level privacy features, including private payments, decentralized identity and zero-knowledge infrastructure, directly into Ethereum’s architecture.

            Altcoin price update

            • Solana (SOL) was priced at US$194.76, a decrease of 2.4 percent over the last 24 hours and its lowest valuation of the day. Its highest was US$204.32.
            • XRP was trading for US$2.41, a decrease of 2.9 percent over the last 24 hours to its lowest valuation of the day. Its highest was US$2.50.

            Crypto derivatives and market indicators

            Bitcoin derivatives metrics indicate a cautious and consolidating market.

            Liquidations have totaled approximately US$10.4 million in the last four hours, with long positions making up a slight majority, signaling continued risk aversion among traders. Ether liquidations showed a divergent pattern, totaling US$20.67 million, the overwhelming majority of which were long positions.

            Futures open interest for Bitcoin has decreased by 0.09 percent to US$72.62 billion, and Ether futures open interest moved by +0.95 percent to US$46.64 billion, reflecting market consolidation and repositioning.

            The perpetual funding rate for Bitcoin and Ether was 0.003, indicating a neutral to slightly bullish market sentiment.

            Bitcoin’s RSI stood at 39.63, indicating that it is in a bearish or neutral momentum phase but not yet deeply oversold.

            Fear and Greed Index snapshot

            CMC’s Crypto Fear & Greed Index has dipped back into fear territory after shifting in between neutral for the past few weeks. The index currently stands around 37.

            CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

            Chart via CoinMarketCap.

            Today’s crypto news to know

            OwlTing announces Nasdaq listing

            Taiwanese fintech company OwlTing has received approval to list directly on the Nasdaq Global Market.

            Operating under its parent entity, OBOOK Holdings, OwlTing will trade under the ticker symbol ‘OWLS,’ and will mark its first trading day on the Nasdaq by ringing the opening bell on Thursday (October 16).

            This direct listing approach allows OwlTing to avoid issuing new shares, thereby preventing dilution of existing shareholders’ equity and signaling steadfast confidence in its valuation and growth strategy.

            Founded by Darren Wang, OwlTing launched its flagship product, OwlPay, in 2023. OwlPay enables businesses globally to transact using stablecoins such as USDC or traditional fiat currencies. The company aims to leverage its Nasdaq listing to expand its global footprint while emphasizing financial transparency and regulatory compliance.

            Strategic Bitcoin Reserve to add US$14 billion in government-held Bitcoin

            The US government is preparing to retain approximately 127,271 BTC, valued at US$14.2 billion, as part of the country’s newly established Strategic Bitcoin Reserve.

            These assets were confiscated in a joint US-UK crypto fraud case tied to Chen Zhi of the Cambodia-based Prince Group.

            Instead of selling the Bitcoin, authorities plan to hold it long term, with Executive Order 2025 mandating that crypto forfeited in criminal or civil cases be allocated to the reserve rather than auctioned. The coins are expected to complement ongoing institutional accumulation and exchange-traded fund (ETF) inflows, potentially strengthening broader market stability. Analysts note this move may bolster Bitcoin’s perception as a viable state-held asset.

            Corporate Bitcoin holdings surge to US$117 billion

            Bitwise data indicates public companies significantly increased their Bitcoin exposure in the third quarter of the year, with the total holdings of corporate treasuries reaching US$117 billion.

            In total, 172 firms now hold more than 1.02 million BTC, up nearly 40 percent from the prior quarter.

            Michael Saylor’s Strategy (NASDAQ:MSTR) remains the largest holder with 640,031 BTC, while newer entrants like Metaplanet (TSE:3350,OTCQX:MTPLF) have more than doubled their positions. Analysts say the trend reflects a strategic pivot, with firms treating Bitcoin as both a hedge and a long-term treasury reserve.

            Public companies led the accumulation, adding roughly 193,000 BTC, far outpacing private firms and ETFs.

            BLESS token sees major price surge

            The Bless token (BLESS) reached an all-time high of US$0.1652 on Wednesday, representing an increase of over 230 percent in 24 hours and about 390 percent from its earlier lower price of US$0.0234.

            The surge was accompanied by an increase in trading volume, with 24 hour volume soaring to approximately US$101 million, bringing the market capitalization to over US$200 million. The rally has been attributed to several catalysts, including Binance Alpha listing speculation, the project roadmap featuring GPU-ready nodes and fiat on-ramps.

            NYC launches nation’s first municipal crypto office

            New York City Mayor Eric Adams established an Office of Digital Assets and Blockchain, appointing Moises Rendon as executive director. Adams, an early Bitcoin and Ether recipient of his mayoral salary, emphasized the potential for digital assets to expand opportunities for underbanked communities. The office aims to promote responsible innovation, coordinate municipal policy and position NYC as a global crypto hub.

            Erebor receives US regulatory approval

            Erebor, a financial services company backed by Peter Thiel, has received preliminary US regulatory approval to launch, potentially filling the void left by Silicon Valley Bank’s 2023 collapse.

            While a banking charter has been secured, several compliance and security hurdles remain before operations can begin, a process that could take months. The Office of the Comptroller of the Currency confirmed the approval, with Comptroller Jonathan V. Gould stating that ‘permissible digital asset activities … have a place in the federal banking system if conducted in a safe and sound manner.’

            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

            The Governments of the United States and the Democratic Republic of the Congo (DRC) co-hosted the U.S.–DRC Economic and Investment Forum in Washington, D.C. The two-day event convened senior officials from both governments, institutional investors, representatives of major development finance institutions, and executives from leading U.S. and Congolese companies to strengthen bilateral economic relations, expand trade and investment, and promote sustainable development. The event was hosted by Her Excellency, Judith Suminwa, who is the first woman prime minister of the DRC.

            The Forum highlighted investment opportunities across key sectors including mining and critical minerals, energy, infrastructure, agriculture, manufacturing, technology, and environmental sustainability, aiming to foster public–private partnerships grounded in transparency, good governance, and environmental responsibility, while advancing reforms to improve the DRC’s business climate.

            The Forum followed a successful U.S.–DRC investment roundtable hosted earlier in the year in Washington, D.C., by President Donald J. Trump and President Félix Tshisekedi, which underscored both nations’ commitment to building a strategic, investment-driven partnership. The meeting focused on advancing collaboration in the responsible sourcing and processing of critical minerals—such as cobalt, lithium, copper, and tantalum— essential to the global clean energy and technology sectors. U.S. Secretary of State Marco Rubio has previously emphasized the strategic importance of protecting U.S. interests in critical minerals and supporting peace and stability in the region, highlighting the role of responsible investment in fostering regional security and long-term growth.

            President Trump has stated: ‘Our partnership with the Democratic Republic of the Congo provides the United States with a strategic advantage by securing critical minerals essential to our industries. U.S. companies are ready to step up and invest. For them to succeed, they need transparency, predictable governance, and a stronger enabling environment in the DRC.’ The Chairman and CEO of African Discovery Group, Alan Kessler stressed in his roundtable with the Governor of Lualaba, DRC, Fifi Masuka Saini, a focus on governance and bankability of underlying projects. This theme of corporate governance has been stated numerous times by Commerce Secretary Howard Lutnick, as a key to unlocking US investment. The DRC holds approximately $30 trillion of mineral wealth at current prices, while the United States holds approximately 55% of the world’s global institutional assets.

            As part of this deepening bilateral cooperation, a major milestone was marked by African Discovery Group (AFDG) announcing a move to acquire the Butembo copper exploration license in the DRC as part of a strategic push to create a new dedicated American copper company, signaling growing investor confidence and the strengthening of bilateral economic ties.

            The forum additionally acts as a backdrop to further tensions in US-China trade on strategic minerals and metals, with U.S. Trade Representative Jamieson Greer adding that China’s recent restrictions on minerals exports are prompting a ‘global supply chain power grab.’

            CONTACT: mg@africandiscoverygroup.com

            Source

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            Tactical Resources Corp (TSXV:RARE)(OTC PINK:USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company, today announced a business update.

            Nasdaq Transaction and U.S. Government Relations Progress

            Tactical Resources continues to make progress with key project activities and is working to close its previously announced business combination with Plum Acquisition Corp. III (“Plum”), with several key milestones achieved:

            • Continued work with prominent Washington, DC lobby firm to support its continued dialogue with key stakeholders in the U.S. government.
            • Registration Statement progressing through regulatory review.
            • Customary closing conditions are advancing as expected.
            • Post-transaction Nasdaq listing anticipated to provide enhanced access to capital markets and provide access to additional funds to advance development strategy at the Peak Project.

            “Our project work continues to demonstrate the promising potential of our direct-to-leach extraction process, positioning us uniquely in the rare earth elements sector,” said Ranjeet Sundher, CEO and Director of Tactical Resources. “We are actively engaging with key industry players regarding initial potential offtake discussions, which represents a significant step forward in our go-to-market strategy. Additionally, we have engaged experienced policy advisors to enhance our efforts in Washington D.C., ensuring we remain aligned with U.S. national critical minerals initiatives and defense priorities.”

            Additional information may be found in the updated Tactical Resources Corporate Presentation. To sign up for Tactical Resources News Alerts, visit our Website (www.tacticalresources.com).

            Market Dynamics

            Policy + geopolitics

            China tightened rare-earth export controls on Oct 9, 2025, expanding licensing and targeting defense and semiconductor end-uses-escalating supply-security risk for non-Chinese buyers.

            U.S. federal support increased materially in 2025. In July 2025, the U.S. Department of Defense (DoD) announced a multi-billion-dollar public-private partnership with MP Materials to accelerate domestic magnet independence; contemporaneous reporting noted price floors for key REEs and a new large-scale magnet factory plan.

            The Administration also pursued broader critical-minerals trade/security actions in 2025 (e.g., Section 232-related measures) and reiterated DPA use to expand domestic mineral capacity.

            Market indicators

            The VanEck Rare Earth & Strategic Metals ETF (REMX)-a liquid proxy for REE equities tracking the MVIS Global Rare Earth/Strategic Metals Index (MVREMXTR)-was +85.76% YTD as of Oct 8, 2025 (AUM ~$1.11B).

            Supply-demand snapshots

            Strategic context: Recent nonpartisan analysis (Oct 2025) emphasize that the U.S. remains behind on critical minerals/REE resilience and must couple onshoring with allied supply-chain strategies-consistent with the federal actions above.

            Implications for Tactical Resources (sector-level)

            China control tightening on REE export control, plus a more interventionist U.S. policy environment (price floors, DoD partnerships, DPA/Section 232 activity) tends to raise the option value of near-term, domestic, lower-capex feedstock-to-leach pathways and recycling/tailings-based REE projects-particularly those aligned with defense-relevant magnet materials and capable of accelerating time-to-first-production.

            Path Forward

            Currently, in addition to advancing the transaction with Plum, Tactical Resources continues to conduct ongoing project work to further analyze the potential of the Peak Project’s rare earth output and refine its growth strategy. Following the anticipated transaction closing, Tactical Resources plans to:

            • Complete additional assessments for rare earth extraction and processing.
            • Advance Phase 1 demonstration plant development.
            • Evaluate near-term value-add opportunities around potential to provide non-dilutive project funding.
            • Continue optimization work on the direct-leach extraction process.

            This press release has been authorized for issue by Director and CEO of Tactical Resources, Ranjeet Sundher.

            About Tactical Resources

            Tactical Resources is a mineral exploration and development company focused on U.S.-made rare earth elements used in semiconductors, electric vehicles, advanced robotics, and most importantly, national defense. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE’s development potential.

            Ranjeet Sundher, Chief Executive Officer
            Tel: +1-778-588-5483

            For additional information, please visit www.tacticalresources.com.

            About Plum Acquisition Corp. III

            Plum Acquisition Corp. III is a special purpose acquisition company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Plum Partners seeks to establish itself as the first-stop SPAC platform for high-quality companies, and the management team’s decades of operational experience leading technology companies, and Plum Partner’s proprietary Accelerating Through the Bell operational playbook, helps companies list and grow in the public markets.

            For additional information, please visit https://plumpartners.com/.

            The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Business Combination and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

            Forward Looking Statements

            Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, Plum’s, Tactical Resources’, or their respective management teams’ expectations concerning the outlook for their or Tactical Resources’ business, productivity, plans, and goals for future operational improvements and capital investments, operational performance, future market conditions, or economic performance and developments in the capital and credit markets and expected future financial performance, including expected net proceeds, expected additional funding, the support of key stakeholders in the U.S. government, the percentage of redemptions of Plum’s public stockholders, growth prospects and outlook of Tactical Resources’ operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of Tactical Resources’ projects, as well as any information concerning possible or assumed future results of operations of Tactical Resources. Forward-looking statements also include statements regarding the expected benefits of the Business Combination. The forward-looking statements are based on the current expectations of the respective management teams of Tactical Resources and Plum, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of Plum’s securities; (ii) the risk that the Business Combination may not be completed by Plum’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Plum; (iii) the failure to satisfy the conditions to the consummation of the Business Combination, including the adoption of the Business Combination Agreement by the shareholders of Plum and Tactical Resources and the receipt of certain regulatory and court approvals; (iv) market risks; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement; (vi) the effect of the announcement or pendency of the Business Combination on Tactical Resources’ business relationships, performance, and business generally; (vii) risks that the Business Combination disrupts current plans of Tactical Resources and potential difficulties in its employee retention as a result of the Business Combination; (viii) the outcome of any legal proceedings that may be instituted against Tactical Resources or Plum related to the Business Combination Agreement or the Business Combination; (ix) failure to realize the anticipated benefits of the Business Combination; (x) the inability to meet listing requirements to list Plum III Merger Corp.’s (“Pubco”) securities on Nasdaq; (xi) the risk that the price of Pubco’s securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which Tactical Resources plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure; (xii) the inability to implement business plans, forecasts, and other expectations after the completion of the Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations; (xiii) the risk that Tactical Resources may not be able to successfully develop its mining projects, and/or its expansion plan (xiv) the risk that Tactical Resources will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all; (xv) political and social risks of operating in the U.S. and other countries; (xvi) the operational hazards and risks that Tactical Resources faces; and (xvii) the risk that additional financing in connection with the Business Combination may not be raised on favorable terms, or at all. The foregoing list is not exhaustive, and there may be additional risks that neither Plum nor Tactical Resources presently knows or that Plum and Tactical Resources currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this press release and the other risks and uncertainties described in the “Risk Factors” section of Plum’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on March 28, 2025, the risks described in the Registration Statement on Form F-4 and the amendments thereto (the “Registration Statement”), which was initially filed by Pubco on October 29, 2024 and includes a preliminary proxy statement/prospectus, and those discussed and identified in filings made with the SEC by Plum and Pubco and filings made by Tactical Resources with the Canadian Securities Administrators (the “CSA”) from time to time. Tactical Resources and Plum caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this press release speak only as of the date of this press release. None of Tactical Resources, Plum, or Pubco undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that Tactical Resources, Plum, or Pubco will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Business Combination, in Plum’s or Pubco’s public filings with the SEC, or Tactical Resources’ filings with the CSA, which are or will be (as appropriate) accessible at www.sec.gov or on SEDAR+ at www.sedarplus.ca , and which you are advised to review carefully.

            Important Information for Investors and Shareholders

            In connection with the Business Combination, Pubco and the Company have filed the Registration Statement with the SEC, which includes a prospectus with respect to Pubco’s securities to be issued in connection with the Business Combination and a proxy statement to be distributed to holders of Plum’s common shares in connection with Plum’s solicitation of proxies for the vote by Plum’s shareholders with respect to the Business Combination and other matters to be described in the Registration Statement (the “Proxy Statement”). After the SEC declares the Registration Statement effective, Plum plans to file a definitive Proxy Statement and prospectus with the SEC and to mail copies to stockholders of Plum as of a record date to be established for voting on the Business Combination. In addition, the Company will prepare and mail an information circular relating to the Business Combination to its shareholders. This press release does not contain all the information that should be considered concerning the Business Combination and is not a substitute for the Registration Statement, Proxy Statement or for any other document that Pubco or Plum may file with the SEC or that Tactical Resources may file with the CSA. Before making any investment or voting decision, investors and security holders of Plum and Tactical Resources are urged to read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC or CSA in connection with the Business Combination as they become available because they will contain important information about Tactical Resources, Plum, Pubco and the Business Combination.

            Investors and security holders will be able to obtain free copies of the Registration Statement, the Proxy Statement and all other relevant documents filed or that will be filed with the SEC by Pubco and Plum through the website maintained by the SEC at www.sec.gov and with the CSA through SEDAR+ at www.sedarplus.ca. In addition, the documents filed by Pubco and Plum may be obtained free of charge from Plum’s website at https://plumpartners.com/ or by directing a request to Kanishka Roy, Chief Executive Officer, 2021 Fillmore St. #2089, San Francisco, California 94115; Tel: 929-529-7125. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

            Participants in the Solicitation

            Tactical Resources, Plum, Pubco and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC or CSA, be deemed to be participants in the solicitations of proxies in connection with the Business Combination. For more information about the names, affiliations and interests of Plum’s directors and executive officers, please refer to Plum’s annual report on Form 10-K filed with the SEC on March 28, 2025, and Registration Statement, Proxy Statement and other relevant materials filed with the SEC in connection with the Business Combination when they become available. Information about the directors and executive officers of Tactical Resources can be found in its Management Information Circular dated October 26, 2023, which was filed with the CSA on November 11, 2023. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, which may, in some cases, be different than those of Plum’s or Tactical Resource’s shareholders generally, are included in the Registration Statement and the Proxy Statement as filed with the SEC or the CSA and other relevant materials when they become available. Shareholders, potential investors and other interested persons should read the Registration Statement and the Proxy Statement and other such documents carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

            No Offer or Solicitation

            This release shall not constitute a “solicitation” as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This release shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

            Investor and Media Relations Contact

            Media
            media@tacticalresources.com

            Investors
            investors@tacticalresources.com

            Source

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