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President Donald Trump told reporters that if Iran does not give up its nuclear weapons program, military action led by Israel is a real possibility, adding he has a deadline in mind for when the two countries must come to an agreement.

The U.S. and Iran are expected to hold negotiations Saturday in Oman as the Trump administration continues to try to rein in the country’s nuclear program, threatening ‘great danger’ if the two sides fail to come to an agreement. 

Trump told reporters from the Oval Office Wednesday he did have a deadline in mind for when the talks must culminate in an agreed-upon solution, but the president did not go into details about the nature of the timeline.

‘We have a little time, but we don’t have much time, because we’re not going to let them have a nuclear weapon. We can’t let them have a nuclear weapon.’ Trump said when pressed on details about his potential timeline. ‘I’m not asking for much. I just — I don’t — they can’t have a nuclear weapon.’

When asked about the potential for military action if Iran does not make a deal on their nuclear weapons, Trump said ‘Absolutely.’ 

‘If it requires military, we’re going to have military,’ the president told reporters. ‘Israel will obviously be very much involved in that. They’ll be the leader of that. But nobody leads us. We do what we want to do.’

Israeli Prime Minister Benjamin Netanyahu has expressed support for Iran’s complete denuclearization. During a visit to the White House, he expressed support for a deal similar to the one Libya sealed with the international community in 2003. The country gave up its entire nuclear arsenal.

‘Whatever happens, we have to make sure that Iran does not have nuclear weapons,’ Netanyahu said during the meeting.

The talks with Iran scheduled for Saturday in Oman have been characterized as ‘direct’ talks by Trump, but Iran’s foreign leaders have disputed that assertion, describing the talks as ‘indirect.’ Iran’s leaders have said if the talks go well Saturday, they would be open to further direct negotiations with the U.S. 

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Russian-American ballerina Ksenia Karelina, who has been wrongfully detained in Russia for more than a year, is on her way back to the United States, Secretary of State Marco Rubio confirmed early Thursday.

Moscow released Karelina in exchange for German-Russian citizen Arthur Petrov, who was arrested in 2023 in Cyprus at the request of the U.S. on charges of exporting sensitive microelectronics, the Wall Street Journal reported.

‘American Ksenia Karelina is on a plane back home to the United States. She was wrongfully detained by Russia for over a year and President Trump secured her release. @POTUS will continue to work for the release of ALL Americans,’ Rubio wrote on X.

Karelina was sentenced to 12 years in a Russian penal colony after pleading guilty to treason for donating $51.80 to a Ukrainian charity in early 2024.

She was initially detained for ‘petty hooliganism’ while visiting family in Russia in February 2024, but the charge was later upgraded to treason after accusations that she was acting as an American spy.

 

Russian authorities claimed that Karelina, who lived in Los Angeles, raised money for the Ukrainian army and took part in ‘public actions’ that supported Ukraine while in the U.S. 

Her boyfriend, boxer Chis Van Deerden, told Fox News Digital last year that she was ‘proud to be Russian, and she doesn’t watch the news. She doesn’t intervene with anything about the war.’

She was left out of a massive August 2024 prisoner swap that resulted in the release of Wall Street Journal reporter Evan Gershkovich, Paul Whelan and Alsu Kurmasheva.

Details surrounding Karelina’s arrival on U.S. soil were not immediately released.

She is the latest American prisoner detained in another country to be freed under President Donald Trump’s administration. In February, Trump brought American history teacher Marc Fogel, who had been detained in Russia since 2021, back to the U.S.

This is a breaking news story. Check back for updates.

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The Department of Government Efficiency (DOGE) account on X shared eyebrow-raising findings from a survey of unemployment insurance claims.

The ‘initial survey of Unemployment Insurance claims since 2020’ found that thousands of people with future birthdates claimed benefits.

The survey also indicated that thousands of supposedly very young and very old people had claimed benefits.

The DOGE post states that the survey found, ‘24.5k people over 115 years old claimed $59M in benefits,’ ’28k people between 1 and 5 years old claimed $254M in benefits,’ and ‘9.7k people with birth dates over 15 years in the future claimed $69M in benefits.’

‘In one case, someone with a birthday in 2154 claimed $41k,’ the post also notes.

Fox News Digital reached out to the Department of Labor for comment early on Thursday morning, but did not receive a response by the time of publication.

‘Your tax dollars were going to pay fraudulent unemployment claims for fake people born in the future! This is so crazy that I had to read it several times before it sank in,’ Elon Musk tweeted.

Musk is spearheading the DOGE effort to uncover waste, fraud, and abuse in the federal government.

‘The oldest living American is 114 years old, so it is safe to say that anyone 115 or older is collecting ‘unemployment’ due to being dead. There was no sanity check for impossibly young or impossibly old people for unemployment insurance,’ he noted in another post.

Republican Sen. Mike Lee of Utah replied to Musk, writing, ‘Reckless incompetence.’

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The first thing I read each morning for the last four years was the top-secret President’s Daily Brief – a summary of the most sensitive intelligence and analysis on global issues. From the president on down to cabinet members and other senior officials, we relied on that summary to warn us about China’s aggressive cyber operations, terrorist plots, Iran’s malicious activities, and other geopolitical risks. Invariably, these insights were derived mostly from intelligence collected by one entity: the National Security Agency. Why? Because in a world defined by digital communications and technology, the NSA is America’s most effective intelligence service. 

That’s why the abrupt firings a few days ago of NSA Director Gen. Timothy Haugh and Deputy Director Wendy Noble – two highly experienced and apolitical leaders – at a time when the U.S. is facing unprecedented cyberattacks from China and others is a gift to our adversaries. As President Donald Trump considers replacements for these vital roles, he and his national security team would be well-served to prioritize competence and leadership over politics. Here’s why.  

First, the NSA director and deputy director roles are unique in the U.S. government. Unlike the heads of other departments and agencies, who are primarily charged with overseeing policy, interfacing with external stakeholders and managing the workforce – all important tasks – they don’t need to be substantive experts to lead the agency.  

Not so at the NSA. By virtue of the highly technical nature of cyber operations and signals intelligence activities – intercepting the communications of our adversaries – it’s imperative that NSA leaders understand both the technical details and the strategic implications of the complex operations under their command.  

They need to know how to build and deploy software platforms and code to launch cyber operations. They need to understand the cryptologic issues and programs that enable intelligence collection and harden U.S. defenses against cyberattacks. They also need to understand the immense power of the capabilities under their control.  

The horrific leaks by Edward Snowden illustrated the geopolitical consequences associated with expansive NSA operations even when you have competent professionals leading the agency. It’s no job for amateurs. This is precisely why presidents since NSA’s inception in 1952 have always selected leaders with deep technical expertise to run this highly sophisticated agency. Just as we need qualified doctors overseeing the emergency room of a hospital, we need competent, qualified leaders at the NSA.  

Second, the decapitation of NSA leadership came at a time when China is undertaking increasingly aggressive cyber operations against the United States, as evidenced by the recent Salt Typhoon cyberattacks against US telecommunications networks.  

As Director of National Intelligence Tulsi Gabbard stated last month, ‘Beijing is advancing its cyber capabilities for sophisticated operations aimed at stealing sensitive U.S. government and private sector information, and pre-positioning additional asymmetric attack options that may be deployed in a conflict.’ These are not abstract threats.  

Turmoil at the NSA – the agency principally responsible for detecting and countering Chinese cyber espionage – could not have come at a worse time. The unprecedented firings, apparently without cause, will have a chilling effect on the workforce and morale at the agency and signal that politics is more important than apolitical, objective analysis and production that has always defined the intelligence profession.  

The impacts will be further amplified if other senior NSA officials retire or leave for more lucrative positions in industry to avoid becoming the next victim of baseless political attacks. The ultimate beneficiaries of chaos at America’s most consequential spy agency will be America’s adversaries, who will look to exploit the crisis.  

The Trump administration has an opportunity to minimize the damage caused by these firings by selecting professionals with the competence and experience to lead NSA moving forward. This isn’t about politics, or at least it shouldn’t be.  

All Americans should care about having the best and brightest leading the NSA at a time when we’re facing rising threats at home and abroad – from China and Iran to ISIS and drug cartels. Choosing otherwise is a dangerous proposition that benefits only our adversaries.  

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JERUSALEM — A leading U.S. research institute devoted to monitoring Iran’s illicit nuclear weapons program published an alarming report ahead of this weekend’s U.S.-Iran talks, declaring Tehran’s atomic weapons system has reached an extremely dangerous stage.

The Washington, D.C.-based Institute for Science and International Security titled its shocking new report, ‘The Iran Threat Geiger Counter: Extreme Danger Grows.’ 

According to the study, ‘Since February 2024, the date of its last report, the threat posed by Iran’s nuclear program has worsened significantly. Major negative factors include Iran’s greater nuclear weapon capabilities, its shorter time frames to build nuclear weapons, and the growing normalization of internal Iranian discussions favoring building nuclear weapons.

‘The possibility of Iran deciding to build nuclear weapons has been increased by the ongoing military conflicts in the Middle East, pitting Iran and its proxy forces against Israel and its allies, a conflict Iran is losing. The volatile security situation is now combined with the perception, if not the reality, that Iran is preparing to build nuclear weapons.’

On Wednesday, President Donald Trump said, ‘We have a little time, but we don’t have much time, because we’re not going to let them have a nuclear weapon. We can’t let them have a nuclear weapon.’  He added ‘I’m not asking for much. I just — I don’t — they can’t have a nuclear weapon.’

When asked about the potential for military action if Iran does not make a deal on their nuclear weapons, Trump said, ‘Absolutely.’

‘If it requires military, we’re going to have military,’ the president told reporters at the White House. ‘Israel will obviously be very much involved in that. They’ll be the leader of that. But nobody leads us. We do what we want to do.’

Trump withdrew from the Obama-era Iran nuclear deal—the Joint Comprehensive Plan of Action—in 2018 because, he argued, that the accord did not stop Tehran’s drive to build a nuclear weapons device.

A state-controlled Iranian news outlet claimed on Monday that Iranian Supreme Leader Ali Khamenei’s alleged fatwa against nuclear weapons does not outlaw their production but bans their use. Fox News Digital sought to obtain a copy of the alleged religious fatwa from Iran, but the regime has so far refused to provide the document. Iran experts have claimed that the fatwa is non-existent. 

The Institute for Science and International Security report also warned that ‘Iran still possesses military capabilities that threaten the region. It has large stockpiles of drones, ballistic missiles, and cruise missiles that it can employ against Israel and its allies. Iran also continues to be a major player in the Ukraine war, backing Russia with vast arms transfers, including drones and missiles.’

The mouthpiece of Iran’s Khamenei—the anti-American paper Kayhan—just urged the assassination of Trump.

A State Department spokesperson told Fox News Digital that ‘Threatening language from the Iranian regime or its mouthpiece against the President, or any American, is unwise.’

Iran’s regime has sought to assassinate Iranian American dissidents on American soil.

Fox News Digital reporter Alec Schemmel contributed to this report.

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Major offtake and funding deal to advance development and exploration activities

American West Metals Limited (American West or the Company) ( ASX: AW1) is pleased to announce that the Company has entered into a binding agreement with global metal trading and advisory group Ocean Partners Holding Ltd (OP or Ocean Partners) which will comprise an equity investment in American West as well as project development funding and copper-silver offtake to OP for the Storm Copper Project.

  • US$3.5m Royalty funding brought forward. Taurus Mining Royalty has agreed to advance the US$3.5m second tranche of the Royalty payment based on the positive Storm PEA results, with payment of US$2.8m to be made to American West this month

Dave O’Neill, American West’s Managing Director, said:

“We are very pleased to announce a strategic partnership and funding package for the Storm Copper Project which secures the long-term future of the Project. This is another significant milestone for Storm and continues to position Storm as the next potential copper mine in Canada, joining other very successful base metal mines in the region such as Polaris (22Mt @ 14.1% Zn, 4% Pb) and Nanisivik (18Mt @ 9% Zn, 0.7% Pb)

“American West’s ability to attract and partner with global companies like Ocean Partners speaks volumes to the high-quality of the Project and the management team, and emphasises the low-risk pathway to potential development.

“Ocean Partners’ existing partnerships and experience with ore-sorting and direct shipping ore (DSO) copper products are a natural fit with Storm and will help strengthen and streamline the technical aspects of the processing work flow for the PFS and beyond.

“On the back of the recently released Storm PEA, Taurus has agreed to advance the second tranche of the royalty payment. This tranche of funding will now be available immediately and demonstrates Taurus’ strong belief in the development and growth potential of Storm.

“The funding package and strategic partnership will allow American West to execute the dual strategy of aggressive exploration and streamlined development during 2025. We look forward to updating investors as the work programs are finalised and get underway.”

Brent Omland, Ocean Partners CEO, also commented:

“We are delighted to be partnering with American West on the Storm Copper Project which is rapidly emerging as a long-life, district-scale copper opportunity. Our shared goal is the timely success of the Project and we look forward to working closely with the American West team as they continue to make significant advances through process innovation and resource growth. Ocean Partners has extensive experience in marketing and trading DSO into global markets and are confident in the marketability and attractiveness of the Storm copper-silver product.”

Click here for the full ASX Release
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Highlights

  • Attributable resource to CEL 6.9 Moz AuEq2 across El Guayabo (100%) and Colorado V (50%).
  • Significant upside remains: The resource is based on drilling 5 of the 15 major anomalies, with all 13 anomalies drilled returning mineralisation.
  • Completion of exploration in Ecuador enables the Company to commence the value realisation process, including strategic divestment options.
Commercial Advantages of the Project
  • Large-Scale Opportunity: The updated MRE positions Challenger Gold’s Ecuador assets among the largest undeveloped gold resources in South America, with 567Mt @ 0.50g/t AuEq for 9.1Moz AuEq on a total project basis.
  • Premium High-Grade Core Enhances Economics: The resource includes a higher-grade core of 2.1 Moz @ 1.0g/t AuEq, including 1.2 Moz @ 1.2g/t AuEq, offering potential for early-stage production and strong cash flow generation.
  • Strategic Location Validates District Potential: The projects are adjacent to Lumina Gold’s 20.5Moz Cangrejos project4 , which recently secured a $300M financing deal with Wheaton Precious Metals, confirming the district’s world-class potential as a globally significant gold-copper region.
  • Development-Ready Infrastructure: Located just 35km from a deepwater port with existing power, water, and road access on granted Mining Leases, the project benefits from reduced development costs and logistical efficiencies.

Value Realisation Strategy for Ecuador

Challenger Gold Limited plans to unlock the value of its Ecuador assets through several strategic options:

  • Strategic Sale: Divest the assets outright which could generate immediate capital for advancing Challenger’s flagship Hualilan Gold Project in Argentina.
  • Farm-In Partnership: Partner with a major mining company to fund development while retaining exposure through royalties or equity participation.

Focus on the Hualilan Gold project The upgraded MRE concludes Challenger Gold Limited’s exploration program in Ecuador, enabling the Company to focus entirely on advancing its flagship Hualilan Gold Project in Argentina, which features:

  • A total resource of 2.8Moz AuEq1 , including a high-grade core of 1.5 Moz @ 5.6g/t AuEq1
  • Mineralisation which remains open in all directions
  • This cashflow will be allocated towards the construction of the standalone Hualilan Gold project
  • Positioning Hualian as one of South America’s premier near-term production opportunities

Monetisation of the Ecuador assets will ensure shareholders benefit directly from both value realisation in Ecuador and production growth at Hualilan.

Commenting on the resource, CEL Managing Director, Mr Kris Knauer, said

“I would like to congratulate our exploration team in Ecuador for their outstanding work in doubling project resources from 4.5Moz to 9.1Moz AuEq, including a high-grade core of 2.1Moz at 1.0g/t AuEq.

This resource update represents a transformational milestone for Challenger Gold shareholders, enabling us to move forward with unlocking significant value from our Ecuador assets while focusing entirely on bringing our flagship Hualilan project into production.

This is only the beginning for the asset – the current resource is based on drilling just five of fifteen major anomalies identified across our Ecuador projects, with all thirteen anomalies drilled so far returning significant mineralisation.’

Click here for the full ASX Release

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Private specialty chemicals company Maverick Metals has raised US$19 million in a seed funding round led by Olive Tree Capital to accelerate the commercialization of its flagship lixiviant technology, LithX.

Unlike traditional acid-based processes, LithX enables cost-effective, ambient temperature leaching of refractory ores like chalcopyrite, unlocking metals previously considered uneconomical or too environmentally burdensome to process.

“As the US accelerates its push for domestic critical metals production, LithX provides a scalable, commercially viable path to securing essential materials,” said Eric Herrera, co-founder and CEO of Maverick.

The US$19 million funding round includes participation from high-profile investors such as Y Combinator, Hanwha Group, Liquid 2 Ventures, Nomadic Venture Partners, Soma Capital and TechNexus Venture Collaborative.

The capital will enable the company to expand pilot deployments in collaboration with major mining companies and scale its commercialization efforts.

Meeting rising metals demand with tech solutions

Global copper demand is expected to double by 2035, reaching approximately 50 million metric tons annually, driven largely by energy transition technologies, electric vehicles and infrastructure development.

But even as mining companies race to keep pace, challenges like declining ore grades, environmental restrictions and rising costs continue to limit production.

Maverick states that its proprietary lixiviant works at ambient temperatures and neutral pH levels, offering a safer, cheaper and more sustainable alternative to traditional acid leaching.

The technology enables the recovery not only of copper, but also valuable by-products such as molybdenum, gold, silver and even rare earths from a variety of unconventional sources — including tailings, smelter slag and coal fly ash.

According to Maverick, its LithX technology has demonstrated a range of benefits that could reshape the economics and the overall environmental footprint for metals processing.

For instance, the technology increases recovery rates at ambient temperatures, significantly reducing energy costs. It also eliminates the need for acid addition, offering a safer and more sustainable alternative to traditional methods.

In addition, Maverick notes that the process mitigates the risk of acid contamination and hazardous reagent exposure, enhancing worker safety — a key concern in traditional mining operations.

“We are pleased to announce our investment in and support of Maverick Metals,” said Nichola Eliovits, managing partner at Olive Tree Capital, in the company’s release. “We believe LithX has the potential to significantly increase the range of viable resources available to help alleviate global supply constraints.”

While copper remains a primary focus, LithX has shown versatility for a range of critical metals, such as high lithium extraction from spodumene and enhanced rare earths and gallium recovery from minerals like allanite and monazite.

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

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The global oil market is facing a sharp downturn as a wave of recession fears, aggressive trade policies and a surprise supply boost from OPEC+ collide to send prices tumbling to multi-year lows.

Although crude prices staged a modest recovery on Tuesday (April 8), the broader market trajectory remains grim, with Brent and West Texas Intermediate (WTI) crude now trading well below levels needed for profitable production in the US.

Oil prices have dropped precipitously since early April, reaching levels not seen since 2021 on April 4 soon after US President Donald Trump’s announcement of sweeping new tariffs on dozens of countries.

Brent and WTI remain depressed despite small upticks on Tuesday, with Brent rising 1.03 percent to reach US$64.87 per barrel, and WTI gaining 1.24 percent to hit US$61.45 per barrel.

Double hit: Tariff shock and OPEC+ supply surge

The catalysts for the broad decline are a one-two punch of a deepening trade conflict between the US and China, and a surprise production surge from OPEC+ nations.

Trump’s tariff announcement — described by JPMorgan (NYSE:JPM) as the ‘largest tax hike on Americans since 1968’ — has rattled global markets and sent oil traders into a panic over demand destruction.

Beijing has responded with defiance, promising to fight to the end and calling Washington’s demands “blackmail.’

At the same time, OPEC+ — the alliance of major oil producers led by Saudi Arabia and Russia — announced an unexpected increase of 411,000 barrels per day in May output, compressing three months of planned supply expansion into a single move. The boost comes after months of US pressure to increase supply and push down energy prices.

But the timing could not have been worse for American producers. Analysts say the combined impact of slowing global trade and higher supply of the energy fuel has left the American oil industry vulnerable. Prices have dropped below the US$65 threshold needed to sustain profitable drilling activity across much of the US.

According to the latest Dallas Federal Reserve energy survey, even operations in the Permian Basin — the lowest-cost production zone in the country — require crude to trade above US$61 to remain economically viable.

“You’re probably seeing more pauses of initial investment intention than the initial Covid shock. It’s really bamboozling,” Rory Johnston, a veteran oil analyst and publisher of the Commodity Context newsletter, told Heatmap.

“Everything else is really, really starting to grind to a halt, and you’re not seeing anyone jumping over themselves to ‘drill, baby, drill,’ despite the White House’s claims,” Johnston added.

Equity markets have punished energy companies accordingly. Oilfield services giant Halliburton (NYSE:HAL) shed 20 percent in a single week, while Nabors Industries (NYSE:NBR) lost 30 percent in just five days.

The oil majors fared slightly better, but still saw significant losses, with ExxonMobil (NYSE:XOM) down 10 percent, Occidental Petroleum (NYSE:OXY) down 15 percent and Chevron (NYSE:CVX) falling 13 percent.

Tariff fallout threatens global energy outlook

There is growing concern among market watchers that if economic activity continues to weaken under the weight of tariffs, further declines in both oil and gas demand are likely.

Crucially, many of the countries most affected by Trump’s tariffs — particularly in Southeast Asia — were previously projected to drive the bulk of oil and energy demand growth over the next decade.

Vietnam, Cambodia and four other Southeast Asian nations were hit with tariffs exceeding 45 percent, prompting concerns that their economies could stall or contract.

“The macro concern is that if these tariffs stay where they are, this is in a global recession, if not a depression-making place,” Johnston elaborated in his conversation with Heatmap. “And given that the highest tariff rates are on Asia in particular, and that’s where all growing oil demand is, it’s not good for oil.”

Meanwhile, US producers are grappling with higher costs for drilling inputs due to tariffs on steel, aluminum and other industrial goods. Johnston explained in a Bluesky post that drillers have reported a 30 percent spike in the cost of tubular steel pipe, a critical material for oil and gas wells, since Trump implemented a 25 percent steel tariff in February.

So far, OPEC+ officials have not signaled any plans to curb output again.

For now, the market remains volatile, and producers are in a state of limbo. Despite early promises of energy dominance and renewed drilling, Trump’s policy choices have left the sector reeling.

“The administration’s chaos is a disaster for the commodity markets. ‘Drill, baby, drill’ is nothing short of a myth and populist rallying cry. Tariff policy is impossible for us to predict and doesn’t have a clear goal,” one executive told the Dallas Fed last month.

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

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(TheNewswire)

Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce the purchase of 1,000 ounces of physical silver in the spot market as part of its silver exposure strategy

Click Image To View Full Size

Click Image To View Full Size

The purchase was completed at an average price of $30.65 per ounce and reflects an 8% discount to 20-day VWAP and an 11% discount to recent highs. The average price was based on spot price of US$30.15 per ounce plus a premium of US$0.50 per ounce, for a total investment of US$30,650. The physical silver will be stored with Money Metals Depository LLC, with the exact location to be confirmed, potentially at a designated sub-custodian facility managed by the depository.

Photo Credit: MoneyMetals.com

Peter Bures, Silver Crown’s Chief Executive Officer, commented, ‘We strive to maintain an adequate working capital position of at least six months. We feel it is only prudent as a silver only royalty company to convert a portion of that cash to physical silver. SCRi’s ultimate vision is to provide a vehicle that serves as a hedge against currency devaluation, and we therefore feel it would be hypocritical to have exposure to 100% fiat money. We appreciate our investors want exposure to silver, not fiat, which they can achieve easily without our assistance. The purchase was made with a cash payment received from PPX effectively converting a cash payment to physical silver bullion delivery.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, SCRi’s ultimate vision is to provide a vehicle that serves as a hedge against currency devaluation, and we therefore feel it would be hypocritical to have exposure to 100% fiat money . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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