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New Age Exploration

Investing 8 Mins Read

Investor Insight

As it advances its portfolio of gold assets in Western Australia’s prolific Pilbara gold province and New Zealand’s Otago Schist Belt, New Age Exploration presents a compelling investor value proposition, supported by a lean, discovery-driven strategy and an experienced technical team.

Overview

New Age Exploration (ASX:NAE) is building a pure-play gold exploration story centered on high-quality assets in tier-one jurisdictions in Western Australia and New Zealand. The company’s clear strategy is to operate in geological corridors already proven by major discoveries, while applying modern, cost-effective exploration techniques to define new zones of mineralization.

In Western Australia, the company’s Wagyu gold project is directly along strike from De Grey Mining’s Hemi discovery – now owned by Northern Star Resources (ASX:NST). In New Zealand, its projects – Lammerlaw and Otago Pioneer Quartz – lie within the same regional structure that hosts OceanaGold’s (TSE:OGC) 5 Moz Macraes deposit and Santana Minerals’ (ASX:SMI) rapidly growing Rise & Shine system.

With gold prices hovering at all-time highs, NAE’s approach favours technology-led targeting, rather than brute-force drilling campaigns, by using geophysics, geochemistry and passive seismic to zero in on structurally controlled gold systems with potential for scale.

All its projects are supported by local technical teams and seasoned exploration leadership, allowing concurrent progress and capital-efficient deployment. Recent programs at Wagyu and Lammerlaw have confirmed early-stage discoveries, and both assets are advancing through their next stages of drilling and target definition.

Company Highlights

  • Pilbara and Otago Exposure: Strategic landholdings in two world-class gold regions – Pilbara (WA) and Otago (NZ) – offering dual discovery potential.
  • Hemi-style Intrusion Targets: The Wagyu Gold Project shares geological features and proximity with De Grey Mining’s 11.7 Moz Hemi discovery, increasing the likelihood of a major find.
  • High-grade Intercepts: Recent drilling at Wagyu returned standout intercepts including 11.2 g/t gold and 1m @ 15.6 g/t gold.
  • Emerging New Zealand Gold Revival: Positioned at the forefront of a regional exploration resurgence in New Zealand’s South Island, supported by rising gold prices and favorable regulatory conditions.
  • Strong Cash Position: Recently raised AU$1.96 million to fund ongoing drilling, with multiple near-term catalysts expected.

Key Projects

Wagyu Gold Project

The Wagyu gold project is New Age Exploration’s flagship asset located in the highly prospective Central Pilbara region of Western Australia. The project is strategically situated between two major gold systems – Northern Star’s Hemi Gold Deposit (11.7 Moz gold resource) and the Withnell deposit – within the Mallina Basin, which hosts a similar intrusive-style orogenic gold mineralizing system. NAE holds exploration license E47/2974, which covers 136 sq km. Since acquiring the project, NAE has conducted extensive early-stage exploration, beginning with the reinterpretation of geophysical datasets, including airborne magnetics, radiometrics and satellite imagery, to delineate potential Hemi-style intrusions and structurally hosted gold targets.

Wagyu gold project location map

The company-initiated fieldwork in April 2024, completing soil sampling, gravity surveys and passive seismic geophysical surveys to refine drill targets. These efforts culminated in an extensive aircore drilling campaign (257 holes, over 7,000 m drilled), which identified a broad, crescent-shaped gold anomaly approximately 1.5 km in strike length. Notable results included intercepts such as 5.3 grams per ton (g/t) gold over 4 m (including 15.6 g/t gold over 1 m) and 2.7 g/t gold over 2 m. Encouraged by these results, the company completed its maiden RC program in March-April 2025, drilling 3,023 m across 33 holes targeting two high-priority gravity anomalies. Assays released in May 2025 confirmed a shallow oxide gold system and evidence of underlying mineralized structures, including 1.26 g/t gold over 5 m from 31 m (WRC029), 1.32 g/t gold over 3 m from 43 m (WRC031), and 1.44 g/t gold over 2 m from 83 m (WRC009). Numerous other holes returned mineralized intervals of 0.5 to 0.8 g/t over broad zones.

Importantly, geological logging and geophysical modeling support the presence of vertical feeder structures, interpreted as potential gold-bearing intrusions and fault-hosted ‘pipes,’ similar to Hemi’s discovery model. The Wagyu system remains open in all directions, with multiple untested gravity targets and deeper feeder zones yet to be explored. A follow-up RC campaign is planned for Q3/2025, focused on extending mineralization and chasing those deeper pipe-like structures beneath the supergene blanket.

Lammerlaw Gold and Antimony Project

Lammerlaw permit occurs in the southern limb of a regional fold feature characterised by a change in metamorphic grade from upper greenschist (purple) to lower greenschist (green).

The Lammerlaw gold and antimony project is located in the Otago Schist Belt, a prolific gold-bearing region in the South Island of New Zealand. The project spans 265 sq km and is held under Exploration Permit EP60807. The area is renowned for its historic gold production and geological similarity to OceanaGold’s Macraes Mine, New Zealand’s largest active gold mine with more than 5 Moz in resources. NAE acquired the project through a competitive acreage release and has since completed desktop studies, field mapping and geochemical sampling, which identified multiple 2 to 4 km-long gold-antimony soil anomalies aligned with historical workings.

During 2023-2024, the company identified nine high-priority drill targets based on soil geochemistry (gold, antimony, arsenic, tungsten), historic production data and structural mapping. NAE mobilized a Phase 1 RC drill program in early 2025, designed to test structurally hosted vein systems within both brittle and ductile deformation zones. This work confirmed the presence of gold and antimony mineralization in several targets, though results are still under review. Access to some targets is subject to Department of Conservation approvals, which the company is pursuing concurrently. A Phase 2 drill campaign is planned for Q1/2026, pending access approvals and final interpretation of current results.

Otago Pioneer Quartz Project

Overview of prospects locations within the OPQ Gold Exploration Project.

The Otago Pioneer Quartz (OPQ) project is in Central Otago within the historic Gabriel’s Gully gold district, the epicenter of the 1860s Otago gold rush. The project lies within the same regional schist belt that hosts OceanaGold’s Macraes operation. NAE acquired the OPQ tenement to secure additional exposure to high-grade shear-hosted and orogenic gold systems in the Otago region. The area is characterized by low-sulphide gold quartz veins associated with greenschist facies metamorphic rocks and late-stage brittle faulting.

While still early-stage, the company has conducted preliminary soil sampling and mapping across the tenement to delineate mineralized structures. Historical records suggest significant past production from alluvial and hard-rock sources, though modern exploration has been minimal. Given its proximity to known gold-bearing shear zones and favourable host rocks, OPQ remains a high-priority, low-cost exploration asset for future campaigns.

Going forward, NAE intends to conduct detailed geochemical and structural mapping, followed by scout drilling at known historical workings. The project remains a capital-light optionality play with future drill programs dependent on results from Lammerlaw and Wagyu.

Management Team

Alan Broome – Chairman

Alan Broome is a highly respected figure in the Australian mining industry with more than 40 years of experience across mining, metals and mining technology. A metallurgist by training, Broome has served as chairman and director of numerous ASX-listed and private companies, contributing to significant exploration and development successes. His leadership brings deep strategic insight and a proven track record in guiding discovery-stage companies through to project advancement.

Joshua Wellisch – Executive Director

A capital markets executive with deep ASX and venture experience, Joshua Wellisch leads strategic and operational execution for NAE’s projects. Wellisch is also currently a director of NRG Capital, specialising in capital raisings, corporate structuring and the facilitation of ASX listings and was formerly managing director of Kairos Minerals Limited.

Peter Thompson – Chief Geologist

Appointed in 2025, Peter Thompson brings 35+ years of exploration leadership including stints at Western Mining, Anaconda Nickel, and as CEO of St Barbara. He led redevelopment of Beaconsfield Gold Mine, spearheaded the acquisition, listing and development of the Karlawinda gold deposit and was instrumental in the discovery and advancement of large volcanogenic massive sulphide deposits in Mongolia.

James Pope – Consulting Geologist (NZ)

James Pope is a highly experienced minerals sector professional with nearly 30 years in exploration, consulting and research across a broad range of commodities including gold, PGE, diamonds, base metals, coal and coal seam gas. He currently leads Strata Geoscience, a specialised geoscience consultancy based in Christchurch, New Zealand. Throughout his career, Pope has progressed from hands-on geological mapping and drill site supervision to leading multidisciplinary teams of up to 50 professionals delivering exploration, resource assessment, engineering and environmental services.

Kerry Gordon – Consulting Geologist (NZ)

Kerry Gordon is a seasoned minerals sector professional with nearly 25 years of experience spanning exploration, resource development and operations. He is currently a principal at Strata Geoscience, and has worked across New Zealand, Australia, Papua New Guinea, Vietnam and Mongolia on projects involving gold, critical metals (antimony, tungsten), coal, coal seam gas, and conventional petroleum. Gordon is an expert at managing exploration programs in remote and technically demanding environments, with a strong focus on field-based geological techniques, complex drilling and downhole logging operations, and logistical coordination.

This post appeared first on investingnews.com

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Politics

DeSantis not keen on Musk’s new political party, has another idea for disrupting DC

Politics 2 Mins Read

Florida Gov. Ron DeSantis suggested that business magnate Elon Musk push for balanced budget and congressional term limit amendments to the U.S. Constitution, rather than build a new political party.

Musk, who has been beating the drum about the need to rein in government spending, announced that he is launching a new political party called the America Party. 

‘Backing a candidate for president is not out of the question, but the focus for the next 12 months is on the House and the Senate,’ he noted in a post on X.

DeSantis is not on board with the idea. 

The governor suggested that if Musk funds candidates in competitive Senate and House contests, Democrats will likely win.

But DeSantis acknowledged that the GOP has an issue with people running on spending less, but then failing to do so. ‘There’s a gap between the campaign rhetoric, and then the performance,’ he said.

He explained that he does not believe ‘electing a few better people’ will alter the ‘trajectory’ on the debt issue.

DeSantis said that the ‘incentives’ in D.C. will ‘lead to these outcomes, really, regardless of the outcome of elections at this point,’ asserting that a balanced budget amendment to the Constitution is needed.

Musk ‘would have a monumental impact’ if he got involved, DeSantis said, adding that the U.S. also needs term limits for lawmakers.

This post appeared first on FOX NEWS

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Politics

LIZ PEEK: Musk throws his own party because he’s mad at President Trump

Politics 6 Mins Read

What is Elon Musk trying to do?  

As the founder of Tesla and SpaceX pursues his quixotic effort to launch a new political party – the America Party – you have to wonder – does Musk really care about our government debt or is he very, very angry that President Donald Trump’s big, beautiful bill eliminated tax credits for Teslas and other electric vehicles? After all, ditching the tax breaks for EV helps cut spending. Musk can’t have it both ways. 

After donating hundreds of millions of dollars to help elect Trump, being celebrated as the president’s right-hand man and spearheading the controversial effort to help cut government fraud and waste, Musk is likely irate – understandably– that he is not getting preferential treatment from the White House. Trump’s cavalier disregard of Musk’s concerns must have come as a hurtful shock. 

As a result, Musk is lashing out – as he has done before – by insinuating that Trump had dealings with Jeffrey Epstein, for instance – determined to undermine the president and his agenda. Musk has given a lot to this administration. Tesla came under ruthless attack because Musk volunteered to guide DOGE; dealerships were firebombed and cars vandalized. Worse, customers walked away. 

But launching a new political party is an especially risky way to go. Tesla’s stock sold off sharply on the news, ending up 40% off its 52-week high. The car company’s shareholders have already signaled they want CEO Musk to spend less time on politics and more on reviving Tesla’s mojo. While Musk has indicated that Tesla’s robotaxis are the wave of the future, and they may well be, the company today is not thriving. 

The Wall Street Journal is reporting that Tesla is struggling in China, its second-largest market, losing market share to more advanced and cheaper EVs. In May, sales were down 30% from the year earlier, even as the sector overall grew 28%. In Europe, Tesla is suffering the same Trump-related reputational issues as here in the U.S. It is not a good time for Musk to become distracted.  

It is also not a good idea for Trump to further inflame his former sidekick, as he recently did by calling Musk’s venture ‘ridiculous.’ Musk’s strategy for how he can gain significant political power (and sabotage Republicans) is clever and could damage Republicans. As he posted on X: ‘One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts. Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people.’  

The SpaceX owner explained in yet another post, ‘The way we’re going to crack the uniparty system is by using a variant of how Epaminondas shattered the myth of Spartan invincibility at Leuctra: Extremely concentrated force at a precise location on the battlefield.’   

Musk has the money to influence a few races and, on today’s closely contested political battlefield, a few seats could give the America Party considerable influence. It could also eliminate the slim GOP majority in the House and Senate. 

But … to what end? If edging out some Republicans hands control of Congress over to Democrats, Musk will have enabled even greater deficits. Has he forgotten the spending spree undertaken by Democrats while President Joe Biden was in the Oval Office? Does he remember how they treated him? Because Musk does not employ union labor, the Biden White House shunned him, and launched investigations into his businesses. Surely, he cannot pine for those days. 

Musk’s party may be new, but the idea is not.  Throughout history candidates and policymakers have railed at the inadequacies of our two main political parties, but few third-party ventures have made it out of the starting gate.  

The most successful such effort in modern times was billionaire H. Ross Perot’s 1995 creation of the Reform Party of the United States. Three years earlier, Perot had run for president as an Independent, outspending both major party candidates and winning 19% of the vote. His participation in the race drained votes from the GOP candidate and gave the win to President Bill Clinton, who captured 43% of the vote and defeated incumbent President George H. W. Bush. 

But when Perot ran again in 1996, representing his Reform Party, he attracted only 6% of the vote. The Reform Party’s biggest victory was the election of Jesse Ventura, who became governor of Minnesota in 1998. Its most important legacy was helping to inspire Republican Rep. Newt Gingrich’s Contract with America, which reset the GOP agenda and focused on many of the issues raised by Perot, including excess government spending.  

U.S. debt, as a percentage of GDP, peaked just after World War II at 106%, declined steadily until 1974, when it stood at 23%; between 1974 and 1992, it more than doubled to 47%, a trend that energized Perot’s battle against government deficits and also delivered Gingrich’s call for a balanced budget amendment.  

Today, rising deficits and debt are again driving discontent with our political establishment.  Under President Barack Obama, our debt to GDP rose from 77% to 103%, Under Donald Trump, debt stabilized but then jumped to 133% of GDP when Congress adopted bipartisan bills designed to keep COVID-19 shutdowns from destroying the economy. Unhappily, emergency spending measures that were meant to be temporary were kept in place and even expanded under Joe Biden. Debt as a percentage of GDP has since declined only modestly, and at the end of last year totaled 121%. Musk and Republican deficit hawks are correct that spending must come down. 

President Trump needs to reach out to Musk and settle their differences. Musk has caved before when Trump offered an olive branch; he will do so again. Both men can help each other, but both can also do significant damage – to each other and to the country. 

This post appeared first on FOX NEWS

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Investing

Top 5 Junior Gold Mining Stocks on the TSXV in 2025

Investing 10 Mins Read

The gold price continued to surge to new record highs in the second quarter of the year, reaching an all-time high of C$4,663.85 per ounce, or US$3,433.47, on June 13.

The gains were primarily fueled by safe-haven investment as Israel and the United States launched attacks on Iranian nuclear sites and Iran retaliated against targets in Israel and a US base in Qatar. Although a ceasefire was announced, tensions in the region remain high.

Additional tailwinds come from the continuing uncertainty in global financial markets, stemming from shifting US trade policy and Donald Trump’s ongoing, on-again-off-again tariff plans.

There is also additional uncertainty going into the second half of the year as the US government passed its “Big Beautiful Bill” on July 3. The bill has been criticized from both sides, including the former head of the Department of Government Efficiency, Elon Musk, for increasing deficit spending and exacerbating an already ballooning debt, which some investors believe is driving the US toward a debt crisis.

What does this mean for junior gold companies? While there was delay in translating high gold prices into share price gains for gold explorers, many are now up significantly this year. Below, we profile the five TSXV gold companies that are the best performers of 2025 by year-to-date share price gains.

Data for this article was retrieved on July 3, 2025, using TradingView’s stock screener, and only companies with market capitalizations greater than C$10 million are included.

1. Onyx Gold (TSXV:ONYX)

Year-to-date gain: 846.34 percent
Market cap: C$122.48 million
Share price: C$1.94

Onyx Gold is an exploration company advancing its Munro-Croesus project, located near Timmins in Ontario, Canada. The company has increased the size of the land package by 200 percent between 2020 and 2025, and the project now covers an area of 109 square kilometers.

Munro-Croesus hosts the historic Croesus mine, which produced 14,859 ounces of gold between 1915 and 1936 with an average grade of 95.3 grams per metric ton (g/t). Onyx is the first company to explore the property since the mine closed.

Shares in Onyx have had significant gains in the second quarter of 2025. The momentum came as the company announced option agreements to enlarge its land package at Munro-Croesus.

The first announcement came on April 10, when it stated that it had agreed with private vendors to acquire a 21 hectare patented claim near the Argus North zone. Under the terms of the agreement, Onyx has the option to acquire a 100 percent interest in the property, which has never been drilled, in exchange for cash consideration of C$1.5 million and 3.3 million Onyx shares over a three-year period.

The second acquisition was announced on June 24, when Onyx reported that it signed a mineral property purchase and sale agreement to acquire a 100 percent interest in the Munro and Hewitt properties, both located near the existing Munro-Croesus project. The acquisition will expand the company’s land package from 95 to 109 square kilometers.

Alongside its land consolidations, Onyx has also spent the second quarter advancing exploration at the property.

Most recently, on June 26, the company reported the first drill results from its 10,000 meter spring drill program at the Argus North zone at Munro-Croesus. One highlighted assay contained 1.8 grams per metric ton (g/t) gold over 91 meters, including 4 g/t over 32 meters and 5.3 g/t over 17 meters.

The company said the results demonstrate the continuity of broad zones of high-grade gold mineralization.

Shares in Onyx reached a year-to-date high of C$2.09 on June 27.

2. Goldgroup Mining (TSXV:GGA)

Year-to-date gain: 500 percent
Market cap: C$217.34 million
Share price: C$0.99

Goldgroup Mining is a gold production, development and exploration company working to advance its Cerro Prieto heap-leach gold mine. The 4,335 hectare property, located in Sonora, Mexico, produces an annual average of 11,500 ounces of gold and has produced more than 120,000 ounces since its beginning in March 2013.

Goldgroup is currently working to double the capacity of the mine to more than 25,000 ounces per year. The last update on progress came in October 2024, when it announced that it had installed the primary crusher with a 2,200 metric ton per day throughput. It also said it had expanded pumping and irrigation capacity.

The most recent update on Cerro Prieto came on March 26, when Goldgroup announced high-impact exploration near the mine. The program will include 6,000 meters of diamond drilling focused on the Nuevo Esperanza and Reyna zones, which are next to the main Esperanza production zone.

The company also announced plans for an induced polarization geophysical survey and surface trenching 1 kilometer south of the mine to further investigate newly discovered mineralized zones.

In addition to activities at Cerro Prieto, the company announced on March 7 that it had entered an agreement to acquire Minera Apolo and its Pinos gold project from Candeleria Mining in exchange for settling a US$2.7 million loan facility. Goldgroup previously secured rights to the facility with Candeleria from a creditor group in a maneuver to acquire the project.

Pinos is a fully permitted gold project situated in the Zacatecas mining belt of Northern Mexico and comprises 29 concessions over 3,816 hectares. A 2018 PEA revealed an after-tax net present value of US$12 million, with a 25 percent internal rate of return at a gold price of US$1,250 per ounce.

Shares in Goldgroup reached a year-to-date high of C$1.08 on May 9.

3. Trident Resources (TSXV:ROCK)

Year-to-date gain: 400 percent
Market cap: C$19.62 million
Share price: C$0.75

Trident Resources, formerly Eros Resources, is a gold and copper exploration company focused on projects in Saskatchewan, Canada.

A three-way merger in early 2025 between Eros Resources, MAS Gold and Rockridge Resources, allowed the companies to consolidate a portfolio of assets in Saskatchewan, including the Contact Lake and Greywacke gold projects in the La Ronge gold belt as well as the Knife Lake copper project.

Before this year, Eros was focused on the Bell Mountain gold-silver project in Nevada, US, but on January 6, the company announced it had sold the property to Lincoln Gold Mining (TSXV:LMG) in exchange for up to 4.5 million common shares and a net profits interest of 7.5 percent of net returns from gold and silver produced at the project to a maximum of US$2 million.

The company announced its rebranding from Eros to Trident on April 23, with its new name chosen in part to represent the three companies joining together. In the release, the company stated that the rebrand marked the beginning of a new chapter for the company, underscoring its focus on the gold and copper markets.

On May 6, Trident announced it received drill permits for the Contact Lake project, marking the first project news following the rebrand.

Trident stated the drill program would be conducted over the summer and consist of approximately 5,000 meters, with 3,800 meters to be carried out at the Contact Lake deposit and 1,200 meters at the Preview SW deposit.

Shares in Trident reached a year-to-date high of C$0.75 on July 3.

4. Solstice Gold (TSXV:SGC)

Year-to-date gain: 333 percent
Market cap: C$15.28 million
Share price: C$0.065

Solstice Gold is an exploration company focused on advancing its flagship Strathy gold project in Ontario, which it acquired in June 2024.

The project consists of 45 claims covering an area of 45 square kilometers in the Temagami Greenstone belt. Historical documents report six gold showings in the central portion of the project areas, with documented mineralization at the Leckie prospect.

On January 15, Solstice announced results from an induced polarization survey of the property. It identified 50 new targets, with the highest priority targets being along strike on the Leckie Fault. The company stated that the results support the existence of an extensive, largely unexplored system, with potential for multiple discoveries.

Solstice said it had also been selected to receive a grant under the Ontario Junior Exploration Program from the provincial government. The grant will provide 50 percent of the exploration funding, up to a maximum of C$194,000.

Shares in Solstice gained early in the year following its January 20 announcement that Michael Gentile had increased his stake in Solstice to 16.76 percent, making him the single largest shareholder.

In its latest project update on July 2, Solstice announced it had wrapped up its spring drill program, which focused on four target areas. In total, the company completed 3,125 meters of drilling across 14 holes, and results are expected in July.

The company reported that it had entered into an agreement to acquire 17 additional claims, which would increase the project area by 50 percent. It added that targets identified from its IP program may extend along strike into these claims.

Shares in Solstice reached a year-to-date high of C$0.065 on June 27.

5. Lahontan Gold (TSXV:LG)

Year-to-date gain: 300 percent
Market cap: C$28.49 million
Share price: C$0.10

Lahontan Gold is a development and exploration company dedicated to advancing a portfolio of properties in Nevada, United States.

Its primary focus is on its flagship Santa Fe gold-silver project in Walker Lane. The property consists of 291 unpatented lode mining claims, 67 unpatented mill site claims, and 24 patented lode mining claims, covering a land package of 26.4 square kilometers.

On January 24, the company released a PEA for the project that demonstrated an after-tax net present value of US$56.5 million with an internal rate of return of 17.4 percent over a payback period of 4.24 years based on a gold price of US$2,025 per ounce.

The included MRE for the site reports an indicated resource of 1.44 million ounces of gold and 11.2 million ounces of silver from 48.39 million metric tons of ore at an average grade of 0.92 g/t gold and 7.18 g/t silver. It also hosts an inferred resource of 401,000 ounces of gold and 1.75 million ounces of silver from 16.76 million metric tons at a grade of 0.74 g/t gold and 3.25 g/t silver.

The most recent news from Lahontan was on March 18, when it provided an update on its Exploration Plan of Operation submitted to the Bureau of Land Management in November 2024. In the release, the company stated it expects the Bureau to approve the plan, allowing permitting to proceed to the National Environmental Policy Act phase. According to Lahontan, final approval is on track for late 2025.

In the meantime, Lahontan stated that it would be able to continue exploration drilling at its patented mining claims under a Notice of Intent (NOI). On May 6, the company filed a new NOI for additional drilling at the site that would target extensions in the Slab and York areas of the project, and the BLM approved it on June 9.

Additionally, the company announced on June 24 that it had started metallurgical test work at Santa Fe with the goal of substantially improving CN leach gold recoveries for transition materials compared to the 49 percent recovery in the PEA.

Shares in Lahontan reached a year-to-date high of C$0.105 on June 25.

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

This post appeared first on investingnews.com

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Investing

Crypto Market Recap: SEC Issues Crypto ETF Guidance, Bit Digital Pivots to Ethereum

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Monday (July 7) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$108,159, a 0.3 percent decline in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,591 and a high of US$108,551.

Bitcoin price performance, July 7, 2025.

Chart via TradingView.

Bitcoin hovered near US$109,000 at the start of the day as investors shifted from equities to crypto in response to tariff-related uncertainty under US President Donald Trump.

Meanwhile, MicroStrategy’s (NASDAQ:MSTR) paused its weekly Bitcoin purchases for the first time since March, signaling a strategic reassessment amid recent volatility. Together, macro pressures and institutional moves helped support Bitcoin’s price.

Ethereum (ETH) is priced at US$2,546.07, up by 0.2 percent over the past 24 hours. Its lowest valuation as of Monday was US$2,521, and its highest was US$2,553.

Altcoin price update

  • Solana (SOL) was priced at US$149.11, down by 1.3 percent over 24 hours. Its lowest valuation as of Monday was US$149.21, and its highest was US$153.06.
  • XRP was trading for US$2.30, up 1.6 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.28, and its highest was US$2.30.
  • Sui (SUI) is trading at US$2.87, down by 0.7 percent over the past 24 hours. Its lowest valuation was US$2.84 and its highest was US$2.92.
  • Cardano (ADA) is priced at US$0.5847, down by 0.4 percent in the last 24 hours. Its lowest valuation as of Monday was US$0.5764, and its highest was US$0.589.

Today’s crypto news to know

CoreWeave to acquire Core Scientific for US$9 billion

CoreWeave (NASDAQ:CRWV) signed a definitive agreement to acquire Core Scientific (NASDAQ:CORZ) in an all-stock deal valued at US$9 billion, the company announced today. Core Scientific’s shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific, representing a 66 percent premium over Core Scientific’s June 25 closing price of US$12.30.

The deal had been in the works for over a year. A US$1 billion bid made by CoreWeave in 2024 was initially rejected as too low, but the Wall Street Journal reported in June 2025 that discussions between the two companies had resumed.

“This acquisition accelerates our strategy to deploy AI and (high-performance computing) workloads at scale,” said Michael Intrator, CoreWeave’s CEO, Chair and co-founder. “Verticalizing the ownership of Core Scientific’s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion.”

Bit Digital shifts corporate treasury from Bitcoin to Ether

Digital asset firm Bit Digital (NASDAQ:BTBT) has shifted its corporate treasury from Bitcoin to Ether, according to an announcement made by the company on Monday.

The change was punctuated by a purchase of more than 75,000 ETH tokens, funded by the sale of 280 Bitcoin and proceeds raised during a recent public offering that brought in US$172 million.

According to the announcement, Bit Digital held 24,434 ETH prior to the offering, and the additional ETH acquisition has brought the company’s total to approximately 100,603 ETH. This move establishes Bit Digital as the second-largest corporate holder of ETH after Coinbase Global, according to CoinGecko data.

Following this news, Bit Digital’s stock closed over 18 percent higher, and its market capitalization temporarily rose above US$1 billion.

The Blockchain Group and Smarter Web Company expand Bitcoin holdings

On the other hand, France’s The Blockchain Group (EPA:ALTBG) and the United Kingdom’s Smarter Web Company (AQSE:SWE) expanded their Bitcoin holdings today.

In a Monday announcement, The Blockchain Group said it acquired 116 BTC for about 10.7 million euros, bringing its total holdings to 1,904 BTC.

The Smarter Web Company announced its purchase of 226.42 BTC for 17.9 million pounds, bringing the company’s total to 1,000 BTC.

SEC’s crypto ETF guidance signals mainstream shift

The US Securities and Exchange Commission took a major step toward regulating crypto exchange-traded products with its first formal guidance on crypto ETP disclosures, according to a Reuters analysis.

Issued last week, the 12 page document issues new guidance, stating firms should describe risks and custody arrangements in “plain English.” The document could speed up approval of dozens of new crypto ETFs tied to a variety of coins, including Solana, XRP and even Trump’s meme coin, Reuters states.

Anonymous insiders told Reuters the SEC is also developing a more standardized listing rule to replace the case-by-case exemptions that currently delay launches. That change could shrink approval timelines from 240 days to as little as 75.

Musk’s America Party goes all-in on Bitcoin, calls fiat ‘hopeless’

Elon Musk confirmed that his newly formed America Party will officially embrace Bitcoin after declaring that “fiat is hopeless” in a post on X.

The move follows Musk’s earlier hints at increasing his own Bitcoin exposure and praising Bitcoin as a hedge against traditional currency.

Musk was a significant figure in Trump’s reelection campaign and even headed the Department of Government Efficiency before splitting with Trump over his budget bill and creating the America Party.

The shift could inject more digital asset discussions into US politics as Musk tries to build a third-party movement.

Despite hype from Dogecoin supporters, no plans for DOGE adoption were announced.

Metaplanet boosts Bitcoin stash past 15,500 BTC

Japan’s Metaplanet (OTCQX:MTPLF,TSE:3350) disclosed this week that it purchased another 2,205 BTC at an average price of 15.64 million yen per coin, spending around US$213 million.

This purchase brings the firm’s total bitcoin holdings to 15,555 BTC, making Metaplanet one of the world’s largest corporate holders of the asset.

The company tracks a proprietary metric called BTC Yield, measuring the effect of share dilution on per-share bitcoin value.

For the second quarter, Metaplanet reported a BTC yield of 95.6 percent, down from 309.8 percent the previous quarter, but still strong enough to highlight aggressive growth.

Metaplanet’s total BTC investment now tops US$1.38 billion.

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

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

This post appeared first on investingnews.com

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Politics

Former Biden doctor asks to delay testimony to House committee investigating mental fitness

Politics 3 Mins Read

Former White House physician Kevin O’Connor, who served as doctor to former President Joe Biden, requested a delay to his upcoming testimony before the House Oversight Committee this week.

O’Connor was scheduled to testify on Wednesday, but is now in a disagreement with the committee over the scope of the questions he will be expected to answer during his testimony. The committee, led by Chairman James Comer, R-Ky., is interviewing the doctor as part of its investigation into Biden’s mental fitness and his administration’s use of an autopen.

A lawyer for O’Connor requested the testimony be delayed to July 28 or August 4 in a letter to Comer.

‘Dr. O’Connor has legal and ethical obligations that he must satisfy and for which violations carry serious consequences to him professionally and personally,’ the letter says.

‘We are unaware of any prior occasion on which a Congressional Committee has subpoenaed a physician to testify about the treatment of an individual patient.  And the notion that a Congressional Committee would do so without any regard whatsoever for the confidentiality of the physician-patient relationship is alarming.’

A spokesman for the Oversight Committee replied in a statement that O’Connor and his legal team were merely trying to ‘stonewall’ the process. The committee is planning to move forward with Wednesday’s testimony, which O’Connor faces a subpoena to attend.

The committee said O’Connor is welcome to object to individual questions during his testimony. But O’Connor is not allowed, in the committee’s view, to delay or decline a congressional subpoena due to concerns over questions about potentially privileged information.

The debate over O’Connor’s testimony comes weeks after a former top aide to Biden, Neera Tanden, told the Oversight Committee that she was authorized to direct autopen signatures but was unaware of who in the president’s inner circle was giving her final clearance.

During Tanden’s interview before Congress last month, which lasted more than five hours, she told lawmakers that, in her role as staff secretary and senior advisor to the former president between 2021 and 2023, she was authorized to direct autopen signatures on behalf of Biden, an Oversight Committee official told Fox News.

‘Ms. Tanden testified that she had minimal interaction with President Biden, despite wielding tremendous authority,’ Comer said at the time. ‘She explained that to obtain approval for autopen signatures, she would send decision memos to members of the President’s inner circle and had no visibility of what occurred between sending the memo and receiving it back with approval. Her testimony raises serious questions about who was really calling the shots in the Biden White House amid the President’s obvious decline. We will continue to pursue the truth for the American people.’

Fox News’ Kelly Phares and Madeleine Rivera and the Associated Press contributed to this report.

This post appeared first on FOX NEWS

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Politics

Key advisor called Hunter Biden’s role on strategy call ‘inappropriate’ after he overruled legal guidance

Politics 4 Mins Read

A top advisor to former President Joe Biden reportedly labeled Hunter Biden’s presence on a call about the Supreme Court’s landmark ruling that former presidents have some immunity from prosecution ‘inappropriate,’ according to a new book. 

The book, ‘2024: How Trump Retook the White House and the Democrats Lost America,’ was published Tuesday and chronicles how Biden’s team dismissed concerns about his age during the 2024 election cycle, along with how President Donald Trump secured his victory. 

The book said Biden’s White House chief of staff, Jeff Zients, coordinated a video call with key Biden staffers, including White House Counsel Ed Siskel, communications director Ben LaBolt, senior advisor Mike Donilon and others to discuss whether Biden should provide an on-camera statement to the Supreme Court’s July 2024 decision. 

While Donilon already had drafted a written statement, Biden wanted to speak about the matter on-camera, the book claims. Staffers on the call started to hash out specifics of such an appearance, when Biden’s son started to chime into the call. 

‘Suddenly an unidentified voice piped up from Biden’s screen and recommended an Oval Office address,’ the book said. ‘At first, some aides had no idea who was speaking. It soon became clear the voice belonged to Hunter Biden, who the White House staff had not known was on the call. Siskel expressed some concern about the appearance of using the Oval Office.’

‘Hunter snapped back: ‘This is one of the most consequential decisions the Supreme Court has ever made.’ He said his father had every right to use the powerful imagery of the Oval Office to deliver that message,’ the book said. ‘They later settled on the Cross Hall, the long hallway on the first floor of the White House. After the call ended, Siskel told colleagues. Hunter’s presence was inappropriate.’

Biden ultimately delivered a brief speech responding to the Supreme Court’s ruling and took no questions from the press, per the suggestion of his son, the book claimed.  

Siskel and a spokesperson for Biden did not immediately respond to requests for comment from Fox News Digital. 

On July 1, 2024, the Supreme Court issued a 6–3 ruling in Trump v. United States that former presidents have significant immunity from prosecution for acts they committed in an official capacity. The case made its way to the Supreme Court after Trump faced charges stemming from then-Special Counsel Jack Smith’s investigation into whether Trump was involved in the Jan. 6, 2021, Capitol riot and engaged in any other alleged election interference. 

Trump pleaded not guilty to all charges, and claimed a former president could not face a prosecution without a House impeachment and a Senate conviction. 

The book ‘2024’ is one of several that have been released in this year detailing Biden’s mental deterioration while in office and how Trump won the election. It is authored by Josh Dawsey of the Wall Street Journal, Tyler Pager of the New York Times and Isaac Arnsdorf of the Washington Post. 

Another book covering similar material is ‘Original Sin: President Biden’s Decline, Its Cover-up, and His Disastrous Choice to Run Again,’ released May 20.

Fox News Digital has written extensively dating back to the 2020 presidential campaign about Biden’s cognitive decline and his inner circle’s alleged role in covering it up.

According to Dawsey, Hunter Biden’s involvement in his father’s affairs as president was not out of the ordinary during the former president’s time in office. 

‘What we found out over the course of reporting for our book is, Hunter Biden (was) a major figure in the president’s orbit,’ Dawsey said in a Sunday interview with ABC’s ‘This Week.’ ‘He was often on these calls, he would pipe in to calls, he was helping him make campaign decisions, and the president was very concerned about his son. It was one of the things that was an albatross on him as he tried to run for re-election.’

This post appeared first on FOX NEWS

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Politics

US will ‘have to’ send weapons to Ukraine, Trump says days after Pentagon pause

Politics 4 Mins Read

President Donald Trump on Monday said that his administration would be sending defensive weapons to Ukraine so the war-torn country could defend itself from Russia’s ongoing invasion, an apparent turnaround after the Pentagon said last week it was pausing such deliveries.

His comments came as Russian attacks on Ukraine killed at least 11 civilians and injured more than 80 others, including seven children, officials said Monday.

‘We have to,’ Trump said when questioned at the start of a dinner he was hosting at the White House for Israeli Prime Minister Benjamin Netanyahu. ‘They have to be able to defend themselves. They’re getting hit very hard now. We’re going to send some more weapons — defensive weapons primarily.’

Russia continues to advance and now currently controls just under a fifth of Ukrainian territory, including Crimea, all of Luhansk, the lion’s share of three other regions and slivers of three additional regions.

Trump’s repeated efforts to broker a ceasefire have not been successful, and the president continued to vent his frustration with Russian President Vladimir Putin, who continues to escalate military actions.

‘I’m not happy with President Putin at all,’ Trump said.

The Defense Department later said it would send additional defensive weapons to Ukraine at Trump’s direction, to ensure the Ukrainians can defend themselves while efforts continue to secure a lasting peace. 

‘Our framework for POTUS to evaluate military shipments across the globe remains in effect and is integral to our America First defense priorities,’ Pentagon spokesman Sean Parnell said.

Ukraine has been asking Washington to sell it more Patriot missiles and systems that it sees as key to defending its cities from intensifying Russian air strikes.

Last week the Pentagon froze some shipments of critical weapons to Ukraine, including Patriot missile interceptors and 155 mm artillery shells, at a pivotal moment in Kyiv’s war with Russia, Fox News confirmed. According to U.S. military officials tracking the shipments, the weapons were already staged in Poland before the order came down. 

It came as Russia launched its largest aerial attack of the war, nearly 500 drones and 60 missiles.

In response to Trump’s comments, the Kremlin said it would need time to clarify the specifics of U.S. weapons aid to Ukraine with Kremlin spokesman Dmitry Peskov said there were many contradictory statements about U.S. weapons supplies to Ukraine, though it was clear that European weapons deliveries were continuing.

‘Obviously, supplies are continuing, that’s clear. Obviously, the Europeans are actively involved in pumping Ukraine full of weapons,’ Peskov said, according to Reuters. ‘As for what kind of supplies and in what quantity Ukraine continues to receive from the United States, it will still take time to clarify this definitively,’ he added.

Peskov said that Moscow appreciated Trump’s efforts to initiate direct negotiations between Russia and Ukraine, and that there was significant potential for restarting Russian-U.S. trade and economic relations.

Separately, Russia’s transport minister Roman Starovoit was found dead in what authorities said was an apparent suicide — news that broke hours after the Kremlin announced he had been dismissed by Putin, per The Associated Press. Russian media have reported that his dismissal could have been linked to an investigation into the embezzlement of state funds allocated for building fortifications in the Kursk region, where he served as governor before being appointed transportation minister.

The firing of Starovoit followed a weekend of travel chaos — airports grounded hundreds of flights due to the threat of drone attacks from Ukraine. Russian officials did not give a reason for his dismissal.

Fox News’ Jasmine Baehr and Jennifer Griffin as well as The Associated Press and Reuters contributed to this report.

This post appeared first on FOX NEWS

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Stock

Don’t Overlook This Lagging Industry; I Believe It’s Set To Explode!

Stock 2 Mins Read

I like to trade stocks that are relative leaders and belong to industry groups that are leaders as well. For the past 2-3 months, much has been written about and discussed with respect to semiconductors ($DJUSSC), software ($DJUSSW), electrical components & equipment ($DJUSEC), electronic equipment ($DJUSAI), recreational services ($DJUSRQ), travel & tourism ($DJUSTT), etc. These groups were laggards prior to showing absolute and relative strength and, many times, it’s the absolute strength (think breakout) that triggers money flows into that particular area of the market.

With that in mind, where’s one area that we could see upcoming strength during the summer months?

Computer Hardware

I know this group has been out of favor, but that seemed to change last week:

Its absolute downtrend seems to have been broken and we saw a glimpse of solid relative strength. Seasonality also leads me to believe that this run could very well just be getting started. Check this out:

Over the past 20 years, the DJUSCR has crushed the S&P 500 during the months of July and August. It’s easily been the group’s best two calendar months historically. These two months have consistently been great months for computer hardware stocks as they’ve each gained ground in roughly 3 out of every 4 years. Apple, Inc. (AAPL), the leading computer hardware stock, absolutely loves the months of July and August.

I expect last week’s rally to continue right up to AAPL’s earnings report on July 31st, and possibly beyond.

I’ll be featuring one other computer hardware stock in our FREE EB Digest newsletter on Monday morning that has CRUSHED the S&P 500 during July and August historically and it boasts one of the strongest charts in technology since the April low. If you’re not already an EB Digest subscriber, simply CLICK HERE to provide your name and email address. I’ll get that chart out to you first thing tomorrow morning!

Happy trading!

Tom

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Investing

Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

Investing 5 Mins Read

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to update shareholders on the on-going surface exploration in preparation for drilling at the La Union Gold-Silver Project in Sonora, Mexico. Questcorp has an Option earn a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

Questcorp President & CEO, Saf Dhillon, stated: ‘We are pleased with the progress Riverside has made as we complete the preliminary exploration steps, in finalizing our drill targets for the upcoming maiden drill program at La Union. The decades of in country exploration experience that John-Mark and his Riverside team diligently bring to focus at the La Union project is very evident as they continue to further de-risk the up-coming 1,500 metre drill program.’

Figure 1: Cross section IP with interpreted structures and targets from Union new Induced Polarity geophysics survey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/257897_4d60e7d2c4556af9_001full.jpg

La Union operator Riverside Resources has successfully completed two IP lines over the La Union and La Union Norte mines respectively, highlighting chargeability and resistivity features at depth which will guide the placement of the first ever drill holes on the property, as well as correlating with mapped mineralized zones and former workings.

A drone magnetic survey was flown over the property to provide structural context, follow up potential intrusive feeders and provide information about potential faults beneath the pediments and post-mineral young cover units.

Ongoing surface geochemistry and mapping continues to strengthen the targeting pipeline, particularly across exposed gold-rich manto zones and along the margins of shallow post-mineral gravel pediment cover. These efforts are focused on delineating the transition zones from covered to exposed mineralization and establishing structural controls that may influence ore continuity at depth.

The La Union Project

The La Union Project is a carbonate replacement deposit (‘CRD’) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.

The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and 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 should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257897

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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