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Rubio just got an additional job in Trump’s administration — and he’s not the only one wearing multiple hats

Politics 8 Mins Read

Amid firings and government shake-ups, the Trump administration has repeatedly been assigning additional job roles to Cabinet members and other officials, Fox News Digital found. 

Secretary of State Marco Rubio was charged on May 1 with serving as Trump’s national security advisor after the president announced he had nominated former National Security Council chief Mike Waltz to serve as the U.S. ambassador to the United Nations. 

Rubio’s roles in the administration now include leading the State Department; serving as acting archivist of the United States after Trump ousted a Biden-era appointee; serving as acting administrator of the U.S. Agency for International Development as the admin works to dissolve the independent agency by September; and taking the helm as the interim national security advisor. 

But Rubio is not alone in taking on multiple roles within Trump’s second administration. Fox News Digital looks back on the various Trump Cabinet members and officials who are wearing multiple hats as the president works to realign the federal government to track with his ‘America First’ policies. 

Marco Rubio 

Rubio and the Trump administration have come under fire from Democrats for the secretary of state holding multiple high-profile roles in the second administration, including Democrats sounding off on the national security council shake-up on Sunday news shows. 

‘There’s no way he can do that and do it well, especially since there’s such incompetence over at DOD with Pete Hegseth being secretary of defense and just the hollowing out of the top leadership,’ Illinois Democrat Sen. Tammy Duckworth said on CBS’s ‘Face the Nation.’ ‘There’s no way he can carry all that entire load on his own.’

‘I don’t know how anybody could do these two big jobs,’ Democrat Virginia Sen. Mark Warner said Sunday on CNN’s ‘State of the Union.’

When asked about the trend of Trump officials wearing multiple work hats, the White House reflected in comment to Fox News Digital on former President Joe Biden’s ‘disaster of a Cabinet.’ 

‘Democrats cheered on Joe Biden’s disaster of a Cabinet as it launched the botched Afghanistan withdrawal, opened the southern border to migrant criminals, weaponized the justice system against political opponents, and more,’ White House spokesperson Anna Kelly told Fox News Digital. ‘President Trump has filled his administration with many qualified, talented individuals he trusts to manage many responsibilities.’ 

The Trump administration has previously brushed off concern over Rubio holding multiple roles, most notably juggling both his State Department leadership and serving as acting national security advisor. Similarly, former President Richard Nixon in 1973 named then-National Security Advisor Henry Kissinger to simultaneously serve as secretary of state. 

‘You need a team player who is very honest with the president and the senior team, not someone trying to build an empire or wield a knife or drive their own agenda. He is singularly focused on delivering the president’s agenda,’ an administration official told Politico. 

Rubio’s multiple national security roles come as war continues between Russia and Ukraine, Israel and Gaza, and recently launched attacks from India on Pakistan. 

‘I am monitoring the situation between India and Pakistan closely,’ Rubio said in a Tuesday X post. ‘I echo @POTUS’s comments earlier today that this hopefully ends quickly and will continue to engage both Indian and Pakistani leadership towards a peaceful resolution.’

As Rubio juggles multiple roles, the Trump administration’s foreign policies have closely involved special envoys, most notably Steve Witkoff, Trump’s special envoy to the Middle East.

Witkoff is a former real estate tycoon and longtime ally of Trump’s whose focus in the Trump administration has been on negotiating with Russia amid its war against Ukraine and leading talks with Iran regarding its nuclear program. Witkoff was notably credited with helping secure the release of U.S. schoolteacher Marc Fogel from a Russian prison in February.

Fox News Digital reached out to the State Department for comment on Rubio’s multiple roles but did not receive a response. 

Kash Patel

FBI Director Kash Patel, who railed against the ‘deep state’ and vowed to strip corruption from the federal law enforcement agency ahead of his confirmation, was briefly charged with overseeing the of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) in February after the Biden-era director resigned in January. 

Patel was later replaced by Secretary of the Army Daniel Driscoll as acting ATF director in a job change that was publicly reported in April. 

‘Director Kash Patel was briefly designated ATF director while awaiting Senate confirmations, a standard, short-term move. Dozens of similar re-designations have occurred across the federal government,’ the White House told Reuters in April. ‘Director Patel is now excelling in his role at the FBI and delivering outstanding results.’

Daniel Driscoll 

Driscoll was sworn in as the 26th secretary of the Army in February. The secretary of the army is a senior-level civilian official charged with overseeing the management of the Army and also acts as an advisor to the secretary of defense in matters related to the Army. 

It was reported in April that Driscoll was named acting ATF director, replacing Patel in that role. 

‘Mr. Driscoll is responsible for the oversight of the agency’s mission to protect communities from violent criminals, criminal organizations, and the illegal trafficking of firearms, explosives, and contraband. Under his leadership, the ATF works to enforce federal laws, ensure public safety, and provide critical support in the investigation of firearms-related crimes and domestic and international criminal enterprises,’ his ATF biography reads. 

Ahead of Trump taking office, Republican Reps. Eric Burlison of Missouri and Lauren Boebert of Colorado introduced legislation to abolish the ATF, saying the agency has worked to strip Second Amendment rights from U.S. citizens. 

The ATF has been tasked with assisting the Department of Homeland Security in its deportation efforts under the Trump administration. 

Doug Collins 

Former Georgia Republican Rep. Doug Collins was sworn-in as the Trump administration’s secretary of Veterans Affairs in February, a Cabinet-level position tasked with overseeing the department and its mission of providing health, education and financial benefits to military veterans. 

Days after his confirmation as VA secretary, Trump tapped Collins to temporarily lead two oversight agencies: the Office of Government Ethics and the Office of Special Counsel. 

The Office of Government Ethics is charged with overseeing the executive branch’s ethics program, including setting ethics standards for the government and monitoring ethics compliance across federal agencies and departments. 

The Office of Special Counsel is charged with overseeing and protecting the federal government’s merit system, most notably ensuring federal whistleblowers don’t face retaliation for sounding the alarm on an issue they’ve experienced. The office also has an established secure channel to allow federal employees to blow the whistle on alleged wrongdoing. 

The Office of Special Counsel also enforces the Hatch Act, which bans executive branch staffers, except the president and vice president, from engaging in certain forms of political activity. 

Russell Vought 

Trump named his former director of the Office of Management and Budget under his first administration, Russell Vought, to the same role in his second administration. Vought was confirmed as the federal government’s budget chief in February. 

Days later, Vought was also named the acting director of the Consumer Financial Protection Bureau (CFPB).  

The CFPB is an independent government agency charged with protecting consumers from unfair financial practices in the private sector. It was created in 2010 under the Obama administration after the financial crash in 2008. Democrat Massachusetts Sen. Elizabeth Warren originally proposed and advocated for the creation of the agency.

The CFPB came under fierce investigation from the Department of Government Efficiency in February, with mass terminations rocking the agency before the reduction in force initiative was tied up in court. 

Ric Grenell 

President Donald Trump’s former ambassador to Germany and acting director of national intelligence under his first term, a pair of roles held at separate times in the first administration, currently serves as president of the Kennedy Center and special presidential envoy for special missions of the United States. 

The John F. Kennedy Center for the Performing Arts serves as the national cultural center of the U.S. Trump notably serves as the center’s chair of the board, with Grenell saying the center will see a ‘golden age’ of the arts during Trump’s second administration through productions and concerts that Americans actually want to see after years of the performing arts center running in the red. 

Trump named Grenell as his special presidential envoy for special missions to the United States in December before his inauguration, saying Grenell will ‘work in some of the hottest spots around the world, including Venezuela and North Korea.’

In this role, Grenell helped lead the administration through its response to the wildfires that tore through Southern California in the last days of the Biden administration through the beginning days of the Trump administration. 

Fox News Digital reached out to the White House for comment on the administration officials working multiple high-profile roles as opposed to appointing or nominating other qualified individuals but did not receive a response. 

This post appeared first on FOX NEWS

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Business

UnitedHealthcare sued by shareholders over reaction to CEO’s killing

Business 2 Mins Read

A group of investors sued UnitedHealthcare Group on Wednesday, accusing the company of misleading them after the killing of its CEO, Brian Thompson.

The class action lawsuit — filed in the Southern District of New York — accuses the health insurance company of not initially adjusting their 2025 net earning outlook to factor in how Thompson’s killing would affect their operations.

On Dec. 3 — a day before Thompson was fatally shot — the company issued guidance that included net earnings of $28.15 to $28.65 per share and adjusted net earnings of $29.50 to $30.00 per share, the suit notes. And on January 16, the company announced that it was sticking with its old forecast.

The investors described this as “materially false and misleading,” pointing to the immense public scrutiny the company and the broader health insurance industry experienced in the wake of Thompson’s killing.

The group, which is seeking unspecified damages, argued that the public backlash prevented the company from pursuing ‘the aggressive, anti-consumer tactics that it would need to achieve’ its earnings goals.

‘As such, the Company was deliberately reckless in doubling down on its previously issued guidance,’ the suit reads.

The company eventually revised its 2025 outlook on April 17, citing a needed shift in corporate strategy — a move that caused its stock to drop more than 22% that day.

‘The company denies any allegations of wrongdoing and intends to defend the matter vigorously,’ a UnitedHealthcare spokesperson said in a statement.

Thompson’s fatal shooting on the streets of New York City in broad daylight sent shockwaves across the nation.

Luigi Mangione, the 27-year-old man accused of the killing, has pleaded not guilty to federal and state charges against him. The legal defense fund for Mangione surpassed the $1 million mark in donations on Tuesday.

This post appeared first on NBC NEWS

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Business

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Business 3 Mins Read

Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.”

Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the second quarter, suspending a nationwide rollout. As of March 30, more than 2,400 of the burger chain’s roughly 13,500 domestic locations carried Krispy Kreme doughnuts.

“I remain confident in the long-term national opportunity, but we need to work together with them to identify levers to improve sales,” Krispy Kreme CEO Josh Charlesworth said.

Over the last year, Krispy Kreme shares have shed more than 70% of their value, dragging the company’s market value down to less than $600 million.

Truist downgraded the stock on Thursday from buy to hold.

“We are shocked by the speed at which the story fell apart,” Truist analyst Bill Chappell wrote. ”… We no longer have high conviction in management’s previously stated strategy and execution of these initiatives, and it will likely take several quarters before we or investors can regain confidence.”

The two restaurant companies announced more than a year ago that Krispy Kreme doughnuts would be sold in all McDonald’s U.S. locations by the end of 2026. The rollout began roughly six months ago.

While the beginning phases were promising, sales fell below projections, Krispy Kreme executives said on Thursday.

As consumers worry about the broader economy and a potential recession, they have been pulling back their spending at restaurants. McDonald’s reported a 3.6% decline in its U.S. same-store sales for the first quarter. McDonald’s CEO Chris Kempczinski said that the fast-food industry’s traffic fell as middle- and low-income diners visited restaurants less frequently.

For Krispy Kreme, profitability appears to be the key reason for slowing the rollout with McDonald’s.

“However, we are seeing that after the initial marketing launch demand dropped below our expectations requiring intervention to deliver sustainable, profitable growth,” Charlesworth told analysts on the company’s conference call.

“We are partnering with McDonald’s to increase sales by stimulating higher demand and cutting costs by simplifying operations,” he added. “At the same time, we are reassessing our deployment schedule together with McDonald’s as we work to achieve a profitable business model for all parties.”

Krispy Kreme reported a net loss of $33 million for the quarter ended March 30.

To supply all of McDonald’s U.S. restaurants, Krispy Kreme was investing in expanding capacity quickly, which weighed on profits. In the last year, the company has reported three quarters of net losses.

The company uses a “hub and spoke” model that lets it make and distribute its treats efficiently. Production hubs, which are either stores or doughnut factories, send off freshly made doughnuts every day to retail locations such as grocery stores and gas stations. Krispy Kreme is looking to prune its unprofitable locations, which could affect up to 10% of its U.S. network.

Krispy Kreme also pulled its 2025 outlook, citing “macroeconomic softness” and uncertainty around the schedule for the McDonald’s partnership.

This post appeared first on NBC NEWS

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Three Charts to Watch for an “All Clear” Signal

Stock 5 Mins Read

With all eyes and ears on this week’s Fed meeting, it’s worth taking a big step back to reflect on conditions related to momentum, breadth, and leadership.  And while the rally of the early April lows has been significant, the S&P 500 and Nasdaq 100 now face considerable resistance at the 200-day moving average.

With that backdrop in mind, here are three charts we’re watching that have not yet signaled an “all clear” for risk assets.

Our Market Trend Model Remains Medium-Term Bearish

Long-time market newsletter author Paul Montgomery used to point out that the most bullish thing the market can do is go up. The way we make this simple assessment of market trend is using our Market Trend Model.

As of last Friday’s close, our Market Trend Model shows a short-term bullish signal, given the strength off the early April low. The medium-term model, however, remains bearish, as the recent bounce is still defined as a bear market rally. If the S&P 500 can push above its own 200-day moving average, that would likely be enough to move the medium-term model to the bullish side for the first time since October 2023.

Over the years, I’ve found the Market Trend Model to be a fantastic way of separating the short-term “flickering ticks” of day-to-day market movements from the more significant shifts in sentiment from bullish to bearish. And by staying on the right side of this model, I’ve been able to capture most of the market upside, and more importantly, avoid disastrous bear phases!

Don’t miss our daily market recap show, CHART THIS with David Keller, CMT. We’ll track how these charts evolve through the course of the week, highlight key stocks on the move, and boil down the most important market themes from a technical perspective. Join us live every trading day at 5pm ET, or catch the replay on our YouTube channel!

Will Key Stocks Breakout Above the 200-Day?

While the S&P 500 and Nasdaq 100 are testing their own 200-day moving averages, many S&P 500 members are in a very similar position. At the April 2025 market low, less than 10% of the S&P 500 stocks were above their 50-day moving average. That reading has reached almost 60% this week as literally half of the S&P 500 members have regained this short-term moving average.

While the bottom panel shows the percent of stocks above the 50-day moving average, the next panel up displays the percent of S&P 500 members above their 200-day moving average. While this has also increased over the last month, it still remains below 50%.

The countertrend rally in March 2025 saw this indicator go up to 50% and then reverse lower, providing a warning sign of further lows to come. Will we see a similar stall in this indicator in May 2025? If so, that could indicate a retest of the April low. On the other hand, if both of these gauges push above 50%, then investors should brace for much further upside for the S&P 500.

Offense Needs to Dominate Defense

Leadership themes could become incredibly important, as many leading growth stocks remain in a position of technical weakness. And unless the top growth stocks go into full rally mode, it’s hard to imagine meaningful upside for the S&P 500 and Nasdaq 100. One way to consider this relationship is to chart the ratio between Consumer Discretionary and Consumer Staples.

The top panel shows the cap-weighted sector ETFs, and the bottom panel shows the same ratio using equal-weighted sector ETFs. Both of these ratios made a major peak in Q1 2025, and both of them trended lower into a mid-April low. Over the last three weeks, we’ve seen a dramatic upside reversal in these offense-defense rations, indicating a rotation from defensive to offensive positioning.

Quite simply, I don’t see the major averages pushing higher unless these ratios continue to gain ground to the upside. We have observed strength in some Consumer Staples names, from Kroger (KR) to Coca Cola (KO), but it would take charts like Amazon (AMZN) making a significant move higher to give the S&P 500 any real chance of pushing above its own 200-day moving average. This ratio moving higher would confirm that “things you want” are outperforming “things you need”, and that has bullish implications for risk assets.

Investors are facing more uncertainty than ever as we brace for the latest Fed announcement, the newest tariff headline, and mixed results in the form of economic indicators. By watching charts like these, and keeping a watchful eye on the updated Market Summary page, StockCharts users can approach these markets with confidence.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

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Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

Stock 6 Mins Read

The S&P 500 ($SPX) wrapped up Tuesday just below its intraday midpoint and posted one of the narrowest ranges we’ve seen in the past two months. That’s a clear sign traders are reluctant to take major bets ahead of Wednesday’s 2:00 PM ET Federal Open Market Committee (FOMC) decision.

And honestly, this caution makes sense. If we look back at how the stock market has reacted following the first two FOMC meetings of 2025, there has been a mix of hesitation and sharp moves.

Below is an updated chart marking each FOMC date since 2024 alongside the S&P 500. After the late January meeting, the S&P 500 zig-zagged to marginal new highs over the next two weeks before the first of two sharp down legs unfolded.

FIGURE 1. FOMC DATES SINCE 2024.

Coincidence or not, the S&P 500 is trading at nearly the same price level now, six weeks later, as it was back then. So, how close are today’s prices compared to the close on March 18, the day before the last Fed meeting?

This close (see chart below):

FIGURE 2. THE S&P 500 IS TRADING VERY CLOSE TO LAST FOMC MEETING LEVELS.

The difference is that the index has been rallying for four weeks, starting from the pivot low on April 7, a month ago today. In March, the S&P 500 was trying to bounce after topping four weeks earlier on February 19. That bounce continued for a few more days before dominant down-trending price action took over.

But over the last few weeks, the dominant trend is definitely higher. So the big question now is: can this mini uptrend resume after this pause?

A Short-Term Setup to Watch

A few days ago, the 14-period relative strength index (RSI) on the two-hour chart grazed the 70-overbought level for the first time since late January (see chart below). Yes, it took a nearly 18% rally in a very short time frame for it to finally happen, but remember, the indicator was coming off its lowest level since the COVID lows. Modest 3–5% pops were enough to trigger overbought readings for much of 2024. Not this time.

As you know, overbought conditions never persist, especially in very short timeframes like this. However, if this rally has anything left in the tank, we’ll see the indicator hit overbought again soon. That may not happen in the next day or two, but if the market reacts negatively to today’s news, but a bid returns soon after, it could keep some of the bullish patterns we’ve been tracking in play. That’s just one scenario, but one we’ll be closely watching.

FIGURE 3. TWO-HOUR CHART OF THE S&P 500.

Bullish Patterns Still Intact

There are two bullish pattern breakouts still in play on the S&P 500 chart:

And barring a very extreme and negative reaction, the patterns will stay alive today, as well.

FIGURE 4. INVERSE HEAD-AND-SHOULDERS AND CUP WITH HANDLE PATTERNS.

FIGURE 5. INVERSE HEAD-AND-SHOULDERS PATTERN IN THE S&P 500.

FIGURE 6. CUP WITH HANDLE PATTERN IN THE S&P 500.

A Bright Spot: Utilities

The Utilities Select Sector SPDR Fund (XLU) was the first sector ETF (and one of the first of all the ETFs we track) to notch a new 50-day high, which it hit on Tuesday. On the weekly chart, it’s clear the ETF is now trying to leverage a multi-month bottoming formation.

This is especially notable because the formation has developed above two bullish pattern breakouts from 2024. Ironically, XLU’s first major breakout of 2024 happened around this time last year (late April), which set the stage for an extremely strong run, at least through late November.

The current snapback is important to watch, given how well XLU has recently capitalized on bullish breakouts. Some upside follow-through from here would also put the former highs back in the crosshairs.

FIGURE 7. WEEKLY CHART OF UTILITIES SELECT SECTOR SPDR (XLU).

Invesco Solar (TAN) Still Has Work to Do

Invesco Solar ETF (TAN) has been rallying since the April lows, much like nearly every ETF we track. On the daily chart, it’s been trying to leverage a bullish cup and handle pattern, a formation we’ve also seen emerge in many other areas. It’s coming off an extremely oversold condition, with its 14-week RSI undercutting 30 for just the third time since 2021. So TAN could see some additional upside from here.

But the ETF will need to do much more to materially improve its long-term technical picture. Nearly every rally has stalled near the key weekly moving averages, all of which continue to slope lower. Selling strength in TAN has been a highly effective strategy since it peaked in early 2021.

FIGURE 8. WEEKLY CHART OF INVESCO SOLAR ETF (TAN).

Bitcoin Holding Up

Bitcoin has held its breakout from two weeks ago quite well so far. The next upside target remains near 103k. Again, regardless of whether or not you follow crypto, seeing the bid continue is a bullish sign for risk appetite across different asset classes, especially equities.

Fun fact: Bitcoin topped a few weeks before the SPX, so it can be a useful leading indicator.

FIGURE 9. BITCOIN BREAKS OUT.

Ethereum Playing Catch-Up

While Ethereum’s extreme relative weakness vs. Bitcoin has continued, it too has rallied over the last few weeks. It’s now close to breaking out from a cup with handle formation. At the same time, it’s testing its now flat 50-day moving average.

The combination of a bullish breakout and a move through the 50-day moving average produced a very strong follow-through rally in November, something Ethereum will try to replicate.

FIGURE 10. ETHEREUM BREAKS ABOVE 50-DAY MOVING AVERAGE.

Final Thoughts

As we head into the Fed decision, we’re seeing a lot of cautious optimism in the charts. Key bullish patterns are still holding, sectors like Utilities are showing strength, and crypto is flashing green.

The next few sessions will be important. If we get a knee-jerk reaction to the Fed, but buyers step in quickly it could set the stage for the next leg higher in this rally.

Stay alert.

Frank Cappelleri is the founder and president of CappThesis, an independent technical analysis newsletter firm. Previously, Frank spent 25 years on Wall Street, working for Instinet, the equity arm of Nomura and Smith Barney. Frank’s various roles included being an equity sales trader, technical analyst, research sales specialist and desk strategist. Frank holds the CFA and CMT designations and is a CNBC contributor.

https://cappthesis.com

https://www.youtube.com/@cappthesis

https://twitter.com/FrankCappelleri/

https://www.linkedin.com/in/frank-cappelleri-cfa-cmt-a319483/

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The Unpredictable Stock Market: How to Make Sense of It

Stock 4 Mins Read

The stock market’s action on Wednesday was a bit like trying to pick a dinner spot with friends—lots of back and forth, but no real direction.

The market started out higher and went up and down without much of a directional bias until the Fed made its expected interest rate decision and Fed Chairman Jerome Powell’s press conference. Stock prices dipped lower, but right before the close, another headline moving event surfaced: President Trump announced the rollback of some chip-related restrictions. This news gave the market a boost into the close.

Here’s how the broader indexes closed:

  • The Dow Industrials ($INDU) finished up 0.70%.
  • The S&P 500 ($SPX) rose 0.43%.
  • The Nasdaq Composite ($COMPQ) added 0.27%.

Tech Leads, but Alphabet Takes a Hit

In terms of sector performance, Technology came out on top, followed by Consumer Discretionary and Health Care. On the flip side, Real Estate, Communication Services, and Materials were the laggards.

The main reason behind the stumble in Communication Services was Alphabet, Inc. (GOOGL), which dropped by a whopping 7.26%. Why the selloff? An Alphabet exec testified that Google was losing search traffic to AI tools.

The StockCharts’ S&P 500 MarketCarpet (below) reflects Wednesday’s price action.

FIGURE 1. STOCKCHARTS MARKETCARPETS FOR MAY 7, 2025. It was mostly green with some pockets of red.Image source: StockCharts.com. For educational purposes.

Overall, Wednesday’s performance is leaning more positive than negative, but is it enough to break through critical resistance levels?

Resistance Levels in the S&P 500

To get a clearer picture, we need to check out the daily chart of the S&P 500 ($SPX).

FIGURE 2. S&P 500 FACING A LOT OF HEADWINDS. THE 61.8% Fibonacci retracement level is a resistance level the index is struggling to break above.Chart source: StockCharts.com. For educational purposes.

The S&P 500 is sandwiched between its 50- and 200-day simple moving averages (SMAs). The Fibonacci retracement levels drawn from the February high to April low show that the 61.8% retracement level is proving to be a stubborn ceiling. Add to that the downward-sloping 50-day SMA, and the market may have a tough time moving higher. To leave the downtrend in the rearview mirror, the S&P 500 would have to break above its 200-day SMA with the necessary follow-through to keep it above that level. So far, the price action suggests that the S&P 500 will face headwinds to get to that stage.

News Moves Markets, Like the Chip Surprise Today

Remember, the market’s price action is like riding a rollercoaster powered by headlines. This can sometimes send technical analysis into a disarray.

Take, for example, today’s news about lifting the chip restrictions, which sent semiconductor stocks higher. The VanEck Vectors Semiconductor ETF (SMH) jumped 2.05% (see chart below).

FIGURE 3. DAILY CHART OF SMH. Will the semiconductor ETF be able to break out above its May 2 high?Chart source: StockCharts.com. For educational purposes.

Like the chart of the S&P 500, SMH needs to work harder at breaking its downtrend. The one ray of hope is that Wednesday’s move reached the May 2 high. The downside: it wasn’t able to break above it. This shows investors are cautious about semiconductors and the overall equity market.

Volatility Says It All

The caution among investors can be seen clearly in the chart of the S&P 500 vs the Cboe Volatility Index ($VIX).

FIGURE 4. VIX VS. S&P 500. Even though the VIX pulled back from its April peak, it’s still above average.Chart source: StockCharts.com. For educational purposes.

What’s interesting is that while the VIX fell when the S&P 500 rose from mid-April, the VIX hasn’t dropped to its average level of 19. It’s still trading above it, which is another point that increases the probability of further downside in equities.

The Bottom Line

There is a lot going on: geopolitical tensions, trade deal updates, policy shifts. Any of these can jolt the market in either direction.

It was encouraging to see tech stocks and semiconductors bounce on Wednesday, but that doesn’t mean we’re headed back to the days of growth stock leadership. If you’re an investor, especially one managing retirement money or nearing retirement, the best approach is to be patient. We’re not out of the woods yet.

As always, stay alert and stick with your investment plan.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

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Stock

Use This Multi-Timeframe MACD Signal for Precision Trades

Stock 1 Min Read

In this video, Joe shares how to trade MACD signals using multiple timeframes, and how to spot stock market pullback setups that can help to pinpoint a great entry off a low. He then reviews sector performance to identify market leadership, covers key chart patterns, and discusses a looming bearish signal on QQQ and IWM. The video wraps with technical analysis on popular viewer-submitted stock symbols, including REAL, PSTG, and more.

The video premiered on May 7, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

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Investing

Lundin Mining Declares Filo del Sol a “Generational” Discovery, One of the World’s Largest

Investing 3 Mins Read

Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has released an initial resource estimate for the Filo del Sol sulfide deposit, as well as updated resources for the Filo del Sol oxide deposit and the Josemaria deposit.

Held in a 50/50 joint venture between Lundin and BHP (ASX:BHP,NYSE:BHP,LSE:BHP), the Argentina-based assets are collectively referred to as the Vicuña resource. The new data reportedly makes Vicuña one of the world’s largest copper, gold and silver resources, and places it among the top 10 copper resources worldwide by size.

‘Filo del Sol has been one of the most significant greenfield discoveries in the last 30 years and an amazing journey for all those that have been involved,’ said Lundin Mining President and CEO Jack Lundin in a press release.

“The initial mineral resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally.”

According to Lundin, the Vicuña resource includes:

  • 13 million metric tons (MT) of contained copper in the measured and indicated category, and an additional 25 million MT in the inferred category.
  • 32 million ounces (Moz) of contained gold in the measured and indicated category, and 49 Moz inferred.
  • 659 Moz of contained silver in the measured and indicated category and 808 Moz inferred.

The Filo del Sol and Josemaria deposits are in close proximity to one another, which Lundin says offers a strategic advantage for infrastructure sharing, economies of scale and phased development planning.

The high-grade mineralization at both deposits is particularly notable:

  • Filo del Sol’s high-grade core has 606 million MT in the measured and indicated category at 1.14 percent copper equivalent for contained metal of 4.5 million MT of copper, 9.6 Moz of gold and 259 Moz of silver.
  • Josemaria’s near-surface high-grade material contains 196 million MT in the measured and indicated category at 0.73 percent copper equivalent for contained metal of 978,000 MT of copper, 2.4 Moz of gold and 11 Moz of silver.

Lundin emphasizes the potential for future growth, noting that mineralization remains open at depth, and saying drilling at the nearby Flamenco zone has intercepted new mineralized zones beyond the current resource boundary.

The scale of the discovery has led to a substantial boost in Lundin’s portfolio.

The company reported a 29 percent increase in its measured and indicated contained copper resource, and a staggering 650 percent increase in its inferred contained copper resource, attributable to its stake in Vicuña.

“We see the potential for Vicuña to be not only a significant copper producer but also one of the world’s largest gold and silver mines as well,” Lundin said, highlighting its “truly unique asset” status.

An integrated technical report combining the deposits into a single project is expected in the first quarter of 2026.

Lundin and BHP intend to develop the site into a “globally ranked mining complex,” signaling long-term commitment to unlocking the full potential of the Vicuña district.

The announcement comes amid growing global demand for copper and critical minerals used in renewable energy and electrification technologies. Projects like Vicuña could play a central role in meeting that demand — particularly if high-grade, open-pit deposits can be brought online at competitive cost.

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

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Group Eleven Intersects 12.0m of 2.30% Cu and 560 g/t Ag, Including 6.4m of 3.72% Cu and 838 g/t Ag, Demonstrating High-Grade Copper and Silver Potential at Ballywire

Investing 14 Mins Read

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce assay results from four new holes from the ongoing drill program at the Company’s 100%-owned Ballywire zinc-lead-silver discovery (‘Ballywire’), PG West Project (‘PG West’), Republic of Ireland.

Highlights:

  • 25-3552-31, a 65m step-out hole, intersected two strongly mineralized horizons:
    • Cu-Ag horizon (starting at 348.7m downhole)
      • 19.9m of 1.46% Cu and 356 g/t Ag, including
      • 12.0m of 2.30% Cu and 560 g/t Ag, including
      • 6.4m of 3.72% Cu and 838 g/t Ag
    • Zn-Pb-Ag horizon (starting at 297.0m downhole)
      • 47.1m of 4.5% Zn+Pb (3.1% Zn and 1.4% Pb) and 22 g/t Ag, including
      • 25.9m of 7.4% Zn+Pb (5.1% Zn and 2.3% Pb) and 35 g/t Ag, including
      • 12.9m of 11.0% Zn+Pb (7.7% Zn and 3.2% Pb) and 57 g/t Ag, including
      • 3.7m of 20.4% Zn+Pb (15.8% Zn and 4.6% Pb) and 151 g/t Ag
  • Up to 10.45% Cu (over 0.80m) and up to 1,880 g/t Ag (over 0.86m) intersected in the Cu-Ag horizon; to the Company’s knowledge, this represents the highest-grade Ag intercept in Ireland over the last >60 years (by any operator) and similarly, one of the highest-grade Cu intercepts
  • Cu-Ag horizon consists of replacement-style mineralization along the base of the Waulsortian Limestone in proximity to a fault structure; mineralization appears to consist mostly of tennantite-tetrahedrite (detailed mineralogy work to be undertaken in due course)
  • Noteworthy is the presence of elevated antimony in the Cu-Ag zone, grading 0.27% Sb within the above 6.4m interval (including 0.80m of 10.45% Cu, 1215 g/t Ag and 0.83% Sb)
  • This hole expands the footprint of the 2.6km long discovery trend by at least 65m down-dip, to a total of at least 170m down-dip along this section (and remains open further down-dip)
  • Drilling continues at Ballywire with two rigs testing (i) the NE extension and (ii) 1.3km ENE of the Ballywire discovery in the vicinity of the prospective ‘D’ gravity-high anomaly; a third rig was added this week, testing the deeper Cu-Ag target (below the Waulsortian Limestone)

‘Intersecting spectacular copper-silver grades over significant thicknesses is a pivotal moment for the Ballywire discovery,’ stated Bart Jaworski, CEO. ‘These results not only strongly point to a stratigraphically deeper Cu-Ag horizon but also represent a proof of concept that substantial grades and thicknesses of copper and silver exist at the discovery, in addition to excellent grades of Zn-Pb. The growing presence of critical minerals at Ballywire, namely, copper, germanium and now potentially antimony, highlights the rising strategic importance of this discovery for Ireland, the EU and our shareholders. With today’s Cu-Ag milestone, continued drilling to the NE and along our prospective 6km trend, plus the start of drilling with our third rig, we are poised to further grow shareholder value as the year progresses.’

Exhibit 1. Cross-Section Showing New Drilling (25-3552-31) at Ballywire Discovery

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit1.jpg

Note: True width of mineralized intervals in 25-3552-31, as a percent of down-hole interval, is estimated to be 50-70%

Exhibit 2. Plan Map Showing New Drilling and Intersected High-Grade Cu-Ag Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit2.jpg

New Step-Out Holes at Ballywire Discovery

The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 52 holes drilled and reported by Group Eleven to date, including the most recent four holes (25-3552-30, -31, -32, and -33) reported today (see Exhibits 1 to 7).

High-grade Zn-Pb mineralization from 25-3552-31 (see Page 1 and Exhibits 1 to 4) consists predominantly of sphalerite, galena and pyrite. High-grade Cu-Ag mineralization in this hole consists of suspected tennantite/tetrahedrite, chalcopyrite, sphalerite, galena and pyrite along and/or close to the base of the Waulsortian Limestone (see Exhibit 1). Noteworthy is the presence of elevated antimony within the Cu-Ag zone. For example, the 6.39m interval below, grading 3.72% Cu and 838 g/t Ag, also grades 0.27% Sb (including 0.80m of 10.45% Cu, 1215 g/t Ag and 0.83% Sb).

Exhibit 3. Summary of Assays from 25-3552-31 at Ballywire

Item From
(m)		 To
(m)		 Int
(m)		 Zn
(%)		 Pb
(%)		 Zn+Pb
(%)		 Ag
(g/t)		 Cu
(%)
25-3552-31 155.00 155.84 0.84 8.41 1.70 10.11 93.8 –
And 188.89 192.61 3.72 2.34 0.22 2.56 11.9 –
Incl. 190.82 191.75 0.93 4.77 0.45 5.22 25.2 –
And 296.95 344.07 47.12 3.13 1.37 4.50 21.6 –
Incl. 300.76 301.70 0.94 5.21 0.72 5.93 13.9 –
And 309.07 334.96 25.89 5.10 2.27 7.37 35.4 –
Incl. 310.00 322.88 12.88 7.72 3.24 10.95 57.4 –
Incl. 315.49 319.20 3.71 15.81 4.56 20.37 151.1 –
And 347.79 370.42 22.63 0.47 0.51 0.98 315.8 1.30
Incl. 348.71 368.60 19.89 0.49 0.57 1.07 356.5 1.46
Incl. 348.71 360.73 12.02 0.59 0.79 1.38 560.1 2.30
Incl. 353.39 360.73 7.34 0.68 1.27 1.95 768.0 3.36
Incl. 354.34 360.73 6.39 0.65 1.46 2.11 838.0 3.72
Incl. 354.34 355.20 0.86 0.77 0.06 0.83 1880.0 5.73
And 355.20 356.09 0.89 0.09 0.02 0.11 516.0 1.12
And 356.09 357.02 0.93 0.40 8.47 8.87 399.0 1.16
And 357.02 357.98 0.96 0.36 1.15 1.51 128.0 1.19
And 357.98 358.78 0.80 2.44 0.21 2.65 1215.0 10.45
And 358.78 359.84 1.06 0.33 0.06 0.38 979.0 3.92
And 359.84 360.73 0.89 0.45 0.03 0.48 871.0 3.52

 

Note: True width of the mineralized interval in hole 25-3552-31, as a percentage of the down-hole interval, is estimated to be 50-70%; for photographs of Cu-Ag rich core, see Appendix and www.groupelevenresources.com.

Three other holes released today were drilled in a 150m gap to the NE of 25-3552-31 (25-3552-30, -32 and -33; see Exhibit 2). Hole 25-3552-30 returned nil mineralization, 25-3552-32 returned three intervals of mineralization up to 0.94m of 2.4% Zn+Pb (0.9% Zn and 1.5% Pb) and 8 g/t Ag, and 25-3552-33 returned three intervals of mineralization up to 0.82m of 2.9% Zn+Pb (1.1% Zn and 1.8% Pb) and 7 g/t Ag. These zones of mineralization are narrower and weaker than those at the main discovery trend but generally in line with recent holes drilled further to the ENE (see holes G11-3552-24, -26 and 28 in news release dated 25-Mar-2025). Disseminated copper mineralization, as well as, mineralized veins and fractures, is strengthening towards the north, suggesting massive sulphide mineralization may be present further north (see northern-most purple line in Exhibit 4). A second mineralized trend is also emerging to the south where the interpreted Cu-Ag rich ‘feeder’ fault pierced by drilling along the main discovery trend appears to correlate with mineralization approx. 350m along strike to the ENE, intersected in G11-3552-08 (see solid and dashed purple lines in Exhibit 4). Drilling is ongoing in the NE area to test the above targets.

Copper-Silver Target

Today’s results add to a growing body of evidence that support the interpretation of a Cu-Ag ‘feeder’ fault parallel to and spatially associated with the main Zn-Pb-Ag discovery at Ballywire (see Exhibit 4). With up to 10.45% Cu and 1,880 g/t Ag in a mineralized horizon near a steeply dipping structure, mineralizing fluids are interpreted to have emanated from deeper in the sedimentary sequence (see Exhibit 5). Meanwhile, the stratigraphy of the region suggests that the Lower Limestone Shale horizon exists approximately 100-200m below the discovery horizon (base of the Waulsortian Limestone). This horizon hosts four well known Cu-Ag historic occurrences in the surrounding area (see Denison, Oola, Gortdrum and Tullacondra in Exhibit 8, located approx. 5km, 9km, 10km and 45km away from Ballywire, respectively).

These historic Cu-Ag occurrences can be interpreted as the eroded remnants of originally more vertically extensive mineralizing systems, likely representing the roots of stratigraphically higher Zn-Pb-Ag mineralization. At Ballywire, the mineralizing system has the potential to be much larger than its neighbouring occurrences (based on a relatively larger footprint to date); additionally, any Cu-Ag mineralization would notionally be intact below the existing Zn-Pb-Ag mineralization.

Given the compelling nature of this exploration model, Group Eleven added a third rig and began drilling this deeper Cu-Ag target this week.

Exhibit 4. Plan Map Showing Interpreted Cu-Ag ‘Feeder’ at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit4.jpg

Exhibit 5. Cross-Section Showing Hypothesized Cu-Ag Mineralization in the Lower Limestone Shale

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit5.jpg

Exhibit 6. Oblique 3D View of Cu-Ag Mineralization at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit6.jpg

Note: Bodies shown (calcite, Zn-Pb-Ag and Cu-Ag) are not constrained by any grade cut-off and are meant for illustrative purposes only

Exhibit 7. Regional Gravity at Ballywire Showing 6km Long Prospective Trend

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit7.jpg

Notes to Exhibit 8: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland’, by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Exhibit 8. Regional Map of Ballywire Discovery and Surrounding Cu-Ag Historic Occurrences

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit8.jpg

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.42m to 1.3m with the majority of samples in the 0.79m to 0.99m range. The half-core samples are bagged, labelled and sealed at Group Elevens core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials (‘CRMs’ or ‘Standards’) as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)

Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit2. The Company’s two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-Looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

APPENDIX – CORE PHOTOS
COPPER-SILVER ZONE IN HOLE 25-3551-31
(With Key Assay Results and Brief Descriptions of Key Mineralogy)

Core Boxes 103-105

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https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_009full.jpg

Core Boxes 106-108

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https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_010full.jpg

Core Boxes 109-111

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_011full.jpg

(1) Close-Up Core Photo

Above: Dolomitized Waulsortian Limestone, cross-cut by sulphide bearing veins (suspected tennatite-tetrahedrite, chalcopyrite and/or pyrite)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_012full.jpg

(2) Close-Up Core Photo

Above: Suspected tennantite/tetrahedrite (grey), chalcopyrite and pyrite (yellow) and calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_013full.jpg

(3) Close-Up Core Photo

Above: Chalcopyrite with some pyrite (yellow) and suspected tennantite/tetrahedrite (grey), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_014full.jpg

(4) Close-Up Core Photo

Above: Semi-massive chalcopyrite and pyrite (yellow), galena (reflective grey)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_015full.jpg

(5) Close-Up Core Photo

Above: Waulsortian Limestones (grey), calcite (white), pyrite and chalcopyrite (yellow)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_016full.jpg

(6) Close-Up Core Photo

Above: Suspected tennantite and tetrahedrite (dark grey), chalcopyrite (yellow), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_017full.jpg

(6a) Close-Up Core Photo

Above: Suspected tennantite and tetrahedrite (dark grey), chalcopyrite (yellow), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_018full.jpg

(7) Close-Up Core Photo

Above: Suspect tennantite and tetrahedrite (dark grey), chalcopyrite (yellow), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_019full.jpg

(8) Close-Up Core Photo

Above: Chalcopyrite (yellow), suspected tennantite/tetrahedrite (grey), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_020full.jpg

(9) Close-Up Core Photo

Above: Fault zone (juxtaposing sub-Waulsortian lithologies against Waulsortian Limestone)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_021full.jpg

1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018)
2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251260

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