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The Transportation Security Administration (TSA) has been the cornerstone of U.S. aviation security since its establishment in the wake of 9/11. During that time, it has been subject to much criticism – at times fair, at times not. Despite its imperfections, the men and women of TSA have achieved their mandate of securing the U.S. transportation sector for more than 20 years. 

After two decades, it’s worth asking: Is TSA working as well and efficiently as it could? And if not, how should the agency operate today?

Like many bureaucracies under anemic congressional oversight, TSA relies heavily on inefficient staffing and operational models. As the Trump administration ushers in a long-awaited championing of zero-based budgeting, privatizing most of the TSA’s labor pool – while retaining and empowering its intelligence, oversight and standards-creation roles – offers a path to taxpayer savings, better passenger experiences and continued security. 

TSA – at its core – is a national security organization, and its employees serve critical national security functions. On that basis, the Trump administration recently announced it terminated the collective bargaining agreement with the union representing TSA’s frontline workers. 

Privatizing screening officers should be based on a clearly communicated, step-by-step process that respects the service and important national security roles filled by these employees. Not only is this the right thing to do, but it will help ensure no security lapses occur – particularly critical during a decade that will see the U.S. host the Olympics and World Cup and several other major international sporting events guaranteed to strain the U.S. aviation ecosystem. 

The Trump administration and Congress could undertake three major efforts to reform TSA without sacrificing security:

Begin the process of privatization

Expand existing programs and congressionally sponsored authorities for privatized screening. The long-standing Screening Partnership Program (SPP) allows airports to use qualified private companies, under a cost-savings model that still requires on-the-ground TSA oversight, for security screening. 

Today approximately 20 airports leverage SPP, which requires vendors to follow the same processes, training and regulations as TSA-staffed screening. It also allows for performance incentives when TSA Acceptable Quality Levels are exceeded, encouraging vendors to invest in their workforce and new operational technologies to outperform – and ultimately enhance public safety. 

Based on analysis of seven recent contract awards compared to government cost estimates for the same locations, SPP saves the U.S. taxpayer approximately 15% in screening costs at each airport; the House Committee on Transportation and Infrastructure also found it leads to shorter wait times. With a TSA FY 2025 screening workforce budget of almost $6.5 billion, that greater efficiency applied nationwide could save the American taxpayer nearly $1 billion a year.

Another program to formalize and expand is the Reimbursable Screening Services Program (RSSP), which ‘…(E)nables TSA to be reimbursed for establishing and providing screening services outside an airport terminal’s existing primary screening area for passengers.’ RSSP creates efficiencies for regional connections and air connectivity in parts of the country without immediate access to major international aviation hubs.

Incentivize airports through a multi-year plan

The administration should develop, and Congress should back, a multi-year privatization plan for all U.S. aviation screening services that clearly communicates timelines and milestones for rapid implementation. 

Ultimately, such a plan will directly incentivize each airport nationwide to provide faster, more effective screening services to their customers under the oversight and standards enforcement of a restructured TSA as they compete for passenger market share.

This plan should direct TSA to immediately open the SPP’s Indefinite Delivery, Indefinite Quantity contract to allow more companies to be vetted and qualify as screening vendors and facilitate a jobs portal for Transportation Security Officers interested in transitioning to the private sector. It should also include a review of how the September 11th Passenger Security Fee is utilized. 

A structured, transparent process will ensure no lapses in security, demonstrate deserved respect for our long-serving TSA employees, create an appropriate offramp for younger employees, and place security screening costs on airport balance sheets, realigning client-customer incentive structures.

By transferring the operational aspects of airport security screening to private entities, a restructured TSA will be able to better focus on its governmental functions of intelligence, setting and overseeing stringent security standards, and testing and evaluating new security technologies with the potential to change the face of commercial aviation. This separation of duties – common in most European airports – would focus TSA’s specialization and ensure oversight of private screeners remains robust.

Lean into technology

Investment should be accelerated into new, privacy-respecting automation technologies. Developments in privacy-by-design biometrics, AI-enabled threat detection and seamless baggage handling solutions mean immense opportunities for increased aviation-screening efficiency – particularly at the passenger checkpoint.

 TSA could reallocate savings from privatization, or a greater element of the September 11th Passenger Fee, to aggressively testing these and similar technologies. The agency should prioritize validating these technologies, not managing inefficient government procurement processes that take years to bring new tech to market.

Private companies, freed from bureaucratic red tape, competing for airport contracts based on speed, efficiency, and professionalism, and incentivized by bottom-line mandates from shareholders, can adopt and implement these technologies at speed under TSA’s oversight. They should be mandated to do so once TSA-vetted technology is determined ready for deployment. 

Privatizing the TSA advances the TSA’s ultimate mission – securing our transportation networks – and leads to a more seamless travel experience in the United States. The private sector can bring innovation and agility to airport security, ensuring the U.S. aviation ecosystem remains safe, secure and prepared for the future. 

It also happens to be a great way to save the taxpayer billions.

Tom Plofchan is a former counselor to the secretary of the U.S. Department of Homeland Security. He is a former managing partner and chief investment officer of Pangiam, a leader in vision AI for the global trade, travel, and digital identity industries.  

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President Donald Trump sounded off on Truth Social early Thursday after Judge James Boasberg of the U.S. District Court for the District of Columbia was assigned to preside over a lawsuit lodged against several Trump administration officials and the National Archives and Records Administration (NARA).

The Obama-nominated judge has also been presiding over a lawsuit challenging Trump’s invocation of the Alien Enemies act for authority to deport Venezuelan members of Tren de Aragua, which the U.S. has designated as a foreign terrorist organization.

‘How disgraceful is it that ‘Judge’ James Boasberg has just been given a fourth ‘Trump Case,’ something which is, statistically, IMPOSSIBLE. There is no way for a Republican, especially a TRUMP REPUBLICAN, to win before him. He is Highly Conflicted, not only in his hatred of me — Massive Trump Derangement Syndrome! — but also, because of disqualifying family conflicts,’ Trump asserted in a post.

‘Boasberg, who is the Chief Judge of the D.C. District Court, seems to be grabbing the ‘Trump Cases’ all to himself, even though it is not supposed to happen that way. Is there still such a thing as the ‘wheel,’ where the Judges are chosen fairly, and at random?’ he continued.

‘The good news is that it probably doesn’t matter, because it is virtually impossible for me to get an Honest Ruling in D.C. Our Nation’s Courts are broken, with New York and D.C. being the most preeminent of all in their Corruption and Radicalism. There must be an immediate investigation of this Rigged System, before it is too late!’

Trump called for Boasberg to be impeached earlier this month.

After calling him a ‘Radical Left Lunatic of a Judge, a troublemaker and agitator,’ Trump declared in a post on Truth Social, which did not refer to Boasberg by name, ‘This judge, like many of the Crooked Judges’ I am forced to appear before, should be IMPEACHED!!!’

The new lawsuit Boasberg has been assigned was brought by the self-described ‘watchdog’ group American Oversight.

Defendants named in the suit include Secretary of Defense Pete Hegseth, Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe, Treasury Secretary Scott Bessent, and Secretary of State Marco Rubio as dependents, along with the NARA.

‘Plaintiff American Oversight brings this action … to prevent the unlawful destruction of federal records and to compel Defendants to fulfill their legal obligations to preserve and recover federal records created through unauthorized use of Signal for sensitive national security decision-making,’ the suit declares.

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For the first time in nearly 10 years, a Berkshire Hathaway employee claimed Warren Buffett’s $1 million grand prize for his company’s NCAA bracket contest.

An anonymous employee from aviation training company FlightSafety International, a subsidiary of Buffett’s Berkshire, won the annual internal bracket contest after correctly calling 31 of the 32 games in the first round of the men’s basketball tournament dubbed March Madness, according to a statement.

The 94-year-old Oracle of Omaha was finally able to give out the big prize after relaxing the rules multiple times since the competition’s inception in 2016. Originally, Buffett, a Creighton basketball fan, set out to award anyone who could perfectly predict the Sweet 16.

Then, in 2024, after the $1 million jackpot remained unclaimed, participants were given the advantage of waiving the results of the eight games among the No.1 and No. 2 seeds. Still, nobody cracked the code.

This year, the rules were changed again so anyone who picks the winners of at least 30 of the tournament’s 32 first-round games would be eligible to win the prize.

In fact, 12 Berkshire employees guessed 31 of the 32 first-round games correctly. The $1 million prize went to the person from that group that picked 29 games consecutively before a loss. That winner went on to pick 44 of the 45 games correctly.

The other 11 contestants are getting $100,000 each.

This post appeared first on NBC NEWS

Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network.

U.S. merchants who use JPMorgan to handle payments can soon add Affirm to their checkout pages, according to a release. Consumers will have access to loans ranging from 30 days to 60 months, according to Affirm.

The deal follows a similar announcement from rival Klarna last month, in which the Swedish fintech said it would be available to JPMorgan’s merchants. Affirm and Klarna are increasingly going head-to-head as the buy now, pay later field matures in the U.S.; Affirm is publicly traded and seeking to steadily grow profits, while Klarna recently filed for a U.S. IPO.

“The demand for diverse payment options, flexibility, and seamless transactions from both merchants and their customers is at an all-time high,” Michael Lozanoff, global head of merchant services at J.P. Morgan Payments, said in the release.

“By incorporating Affirm as a payment method into our Commerce Platform, we are empowering businesses to deliver the services they need and the experiences that customers increasingly expect as part of their retail journey,” he said.

Affirm said the deal was an expansion of existing banking and processing relationships with JPMorgan, the largest U.S. bank by assets. It wasn’t immediately clear when the new option would be available to merchants.

This post appeared first on NBC NEWS

The stronger-than-expected Services PMI reported on Monday injected optimism into the stock market. There was also some relief as news hit that the April 2 implementation of tariffs may be scaled back.

On Tuesday, however, the market hit the brakes and stalled the upside momentum. Consumer confidence fell by 7.2 points in March, a sign that U.S. consumers are worried about the economic outlook. This, along with uncertainty about tariffs and other policies, will likely remain the focus in investors’ minds.

The bigger focus should be on whether the recent upside move in the broader stock market indexes has legs. Let’s shift our attention to the charts of the broader markets.

The Technical Picture

In the daily chart of the S&P 500 below, the index crossed above its 200-day simple moving average (SMA) on Monday, a big hurdle for the index to overcome. Alas, the lack of follow-through on Tuesday could mean the 200-day may now act as a support level. The index could also bust through its January lows and start moving up toward its 50-day SMA.

FIGURE 1. S&P 500 INDEX BROKE ABOVE 200-DAY SIMPLE MOVING AVERAGE. Will the index break above its January lows? That would be the next big hurdle.Chart source: StockCharts.com. For educational purposes.

Market breadth is showing signs of expanding, with the S&P 500 Bullish Percent Index above 50, the NYSE Advance-Decline Line starting to trend higher, and the percentage of S&P 500 stocks trading above their 200-day SMA shy of 50%.

The picture isn’t as positive for the Nasdaq Composite as it is for the S&P 500. The Nasdaq is approaching its 200-day SMA, and market breadth is showing signs of improvement, although slight (see chart below).

FIGURE 2. DAILY CHART OF THE NASDAQ COMPOSITE. The index is approaching its 200-day SMA while its breadth is showing slight signs of expanding.Chart source: StockCharts.com. For educational purposes.

Of the three broader indexes, the Dow is the one showing the most promising upside move (see chart below). Like its close cousins, it crossed above its 200-day SMA, but its market breadth has expanded more than the S&P 500 and Nasdaq. Its BPI is at 60 and the A-D Line is relatively high. The percentage of Dow stocks trading above their 200-day SMA is at 19%, but remember, the Dow has only 30 stocks in the index.

FIGURE 3. DAILY CHART OF THE DOW JONES INDUSTRIAL AVERAGE. The 200-day SMA is now a support level. All three breadth indicators are showing signs of rising.Chart source: StockCharts.com. For educational purposes.

Small-cap stocks have lagged the larger indexes and, even though the S&P 600 Small Cap Index ($SML) bounced off its March 13 low, there’s not enough follow-through to carry small caps higher. Replace the symbol in any of the above charts with $SML.

Bonds turned around on Tuesday in response to the weaker consumer confidence data. The 10-year U.S. Treasury Yield Index ($TNX) rose until the consumer confidence data was released, after which it slid lower. This was the move that should have raised eyebrows.

Bond Yields Also Teeter-Totter

Movements in Treasury yields are very telling about the state of the economy. To keep tabs on the movement in Treasury yields and the U.S. dollar, investors should monitor the Japanese yen. This may not be something you usually look at, but, given we’re in an environment where conditions change from one day to the next, it’s helpful to add a chart of the U.S. dollar relative to the yen in your ChartLists.

The daily chart of $USDJPY below has an overlay of the 21-day exponential moving average (EMA). The bottom panel monitors the performance of the 10-year yields.

FIGURE 4. DAILY CHART OF THE U.S. DOLLAR VS. JAPANESE YEN. The currency pair gives an idea of the overall health of the U.S. economy.Chart source: StockCharts.com. For educational purposes.

Generally, when U.S. Treasury yields fall, the U.S. dollar weakens relative to the yen. On Monday, the dollar rose relative to the yen when equities and Treasury yields rose, but fell on Tuesday, in conjunction with the fall in yields. You can see the close correlation between the two in the chart above.

On Monday, $USDJPY broke above the 21-day EMA. On Tuesday, the EMA acted as a support level. Can the dollar hold on to this support level and continue to strengthen relative to the yen? Yields generally rise when the economy is growing, so monitoring this chart regularly will give you a general idea of how the U.S. economy is performing.

Other Market Activity

Sector rotation was all over the place, moving back and forth from offensive to defensive. On Tuesday, Utilities, Health Care, and Real Estate were the worst-performing sectors. Communication Services, Consumer Discretionary, and Financials were the best-performing sectors. However, the change was modest, so there’s not enough to confirm a move from offensive to defensive or vice versa.

Closing Bell

Overall, the market isn’t showing convincing directional movement. Tuesday’s market activity was a bit like watching paint dry—not too exciting relative to what we have seen in the last few weeks. The upside move we saw since Friday seems to have slowed. The Cboe Volatility Index ($VIX) eased and closed at around 17, so today’s lackluster price movement didn’t do anything to make investors fearful.

The most important data this week will probably be the February PCE, which is released on Friday. Let’s see if that stirs things up.


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.

Gibb River Diamonds Limited (ASX:GIB) has announced Edjudina Gold Project, WA – Permitting Application to Mine Neta Prospect Lodged.

  • Gibb River Diamonds Limited (‘GIB’ or the ‘Company’) is pleased to announce that a Mining Proposal covering the Edjudina Gold Project (GIB 100%) has been lodged with the West Australian Mines Department (DEMIRS)
  • The aim of the ‘Mining Proposal For Small Mining Operations’ is to permit mining of the Neta Prospect, part of the Edjudina Gold Project, which is on granted mining lease M31/495
  • The Indicated and Inferred Resource JORC resource at the Neta Prospect is 378,000 tonnes @1.9 g/t for 24,000 Oz Au and includes an Indicated Resource of 110,000 tonnes @ 2.2g/t for 8,000 Oz Au1
  • It is the primary focus of GIB to mine or otherwise monetise this Neta resource as soon as is practicable. The lodging of this Mining Proposal is an important step forward in achieving this aim
  • Once granted, the Mining Proposal will permit for a Mine and Haul operation to be conducted at the Neta Gold Prospect, using toll treatment at a third-party mill (pending commercial contracts). This is the Company’s current priority.
  • The Company is currently communicating with the WTAC Native Title group to finalise a date for a heritage survey to be conducted at the Edjudina Project. It is anticipated that this heritage survey will take place sometime in April 2025. This survey will assist in facilitating both mining at the Neta Prospect and the drilling of new exploration targets in the Company’s recently acquired and highly prospective mining lease M31/481, adjacent to the proposed Neta mining area
  • Discussions are ongoing with various West Australian groups which specialises in mine, haul and toll milling gold operations

NB: it is anticipated that subsequent to the commencent of mining, from time to time, that additional permitting will be required at Edjudina. It is not the intention of GIB to report to the ASX permitting applications, or re-submissions, which the Company does not consider to be material, but are a routine part of permitting mining operations.

About the Edjudina Gold Project

GIB’s Edjudina Gold Project is 145km north east of Kalgoorlie and is located in the heart of the Eastern Goldfields of WA. The project comprises multiple parallel lines of nearly continuous historic gold workings over a 13km strike in which high grade veins have been worked2. A haul road owned and operated by Northern Star Resources Limited runs through the north of the project directly to the Carosue Dam milling complex 45 km to the south.

Click here for the full ASX Release

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Titanium Sands Limited (“TSL”) is pleased to announce the progression of the approval processes for its Mannar Heavy Mineral Project in Sri Lanka, following the release by the CEA of the Terms of Reference for the Mannar Island Environmental Impact Assessment (EIA).

  • Central Environment Authority (CEA) has provided the Terms of Reference (ToR) for the environmental assessment of the Mannar Heavy Mineral Project following site visits and input from 35 regulatory bodies and government departments
  • The ToR contains the requirements for the environmental studies for an Environmental Impact Assessment (EIA)
  • On completion of the EIA, the Geological Survey and Mines Bureau (GSMB) will then be in a position to issue an Industrial Mining License (IML) for the Project
  • The ToR outlines environmental, heritage, social and economic requirements necessary for GSMB approval of the IML
  • TSL is focused on delivering economic benefits to the people of Mannar, through job creation and generational wealth, while preserving cultural heritage and protecting the environment

The release of the ToR on 20 March 2025 followed a series of CEA meetings and presentations, culminating in the Scoping Presentation on 22 August 2024 and the Scoping Site Visit on 19 February 2025 by stakeholders in the Project. Submissions made by stakeholders at both the scoping meetings have been included in the ToR which forms the basis of the requirements of the EIA.

TSL’s Managing Director, Dr James Searle said“the release of the ToR is a significant step forward in the regulatory approvals process for this Project. The Project will deliver a high-grade mineral sands operation that will create significant employment opportunities and become a source of wealth for local communities, as well as a significant boost in revenues to the Government of Sri Lanka.

TSL is focused on delivering a low impact environmentally friendly project, with the highest levels of social awareness and inclusion. As heavy minerals have been mined for decades on the Sri Lankan mainland, TSL looks forward to building on the size and quality of the industry making a significant impact to the economic benefits of Sri Lanka”.

Next Steps

ToR

The ToR has been prepared on input from 35 departments and regulatory bodies within Sri Lanka’s Government. TSL’s EIA consultants will be required to address the following as outlined in the ToR:

  • Overview of the proposed project and reasonable alternatives
  • Report on existing environment and surrounds
  • Report on anticipated environmental impacts
  • Prepare an Environmental Management Plan (EMP) and monitoring program
  • Assess all aspects of nature and wildlife restrictions
  • Host community consultation and engagement.

The ToR also requires a report on any areas beyond the project site where there is potential for environmental impacts.

Environmental Impact Assessment

The EIA process will commence immediately. The EIA consultants will now be in a position to prepare a draft EIA to address the requirements of the ToR. The EIA will address baseline and impact assessments, mitigation measures and proposed strategies and management plans culminating in an efficient and environmentally successful project. The final EIA submission for GSMB review and approval is expected mid 2025, with support from government agencies and community groups.

As part of the EIA process, community consultation and comment will be undertaken with Mannar communities ensuring any other issues or concerns are addressed in the EIA.

Recent meetings with all of CEA, GSMB and Board of Investment (BoI) in Sri Lanka have led to the understanding that on completion of the EIA, formal IML approval would be granted in a timely manner.

Click here for the full ASX Release

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(TheNewswire)

All figures are stated in Canadian dollars unless otherwise noted.

TORONTO, ON TheNewswire – March 26, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce the release of its financial results for the year ended December 31, 2024. The Company has filed its audited consolidated financial statements, management’s discussion & analysis and annual information form for the year ended December 31, 2024 on SEDAR+ ( www.sedarplus.ca ) and will be uploading these filings to its website today.

In the fourth quarter of fiscal 2024, SCRi recorded revenue of $234,702 based on the minimum aggregate quarterly payments of the cash equivalent (‘ Minimum Payments ‘) of 5,500 silver ounces under its royalties compared to the previous quarter’s revenue of $164,425 that was based on Minimum Payments of 4,245 silver ounces. SCRi revenue for the fourth quarter of fiscal 2023 was $52,976 based on Minimum Payments of 1,837 silver ounces.

Silver Ounce and Revenue Growth Profile

Source: SEDAR+, company filings

Summary of Quarterly Results

Three months ended December 31, 2024

Three months ended September 30, 2024

Three months ended December 31, 2023

Attributable Silver Ounces

5,500 1

4,245

1,837

% change (Q/Q and Y/Y)

30%

199%

Revenue

$234,702

$164,425

$52,976

% change (Q/Q and Y/Y)

43%

343%

1 Note: The Minimum Payment due for the fourth quarter of fiscal 2024 on the Company’s royalty on the PGDM Complex owned by a
subsidiary Pilar Gold Inc. remains overdue and outstanding.

Peter Bures, Silver Crown’s Chief Executive Officer, commented, ‘I’m happy to announce that Q4 of 2024 marks our seventh consecutive quarter of growth in revenue that is based on underlying silver ounces earned under various royalty agreements. This milestone reflects our ability to execute our strategy as well as the drive and dedication of our team. Looking back, our full-year 2024 revenue has climbed to $581,337 from $124,772 in 2023, a 366% increase – a significant achievement for our team and shareholders. We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter.’

ABOUT Silver Crown Royalties INC.

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

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, ‘ We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter’- . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

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

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

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Silver Tiger Metals Inc. (TSXV: SLVR) (OTCQX: SLVTF) (the ‘Company‘ or ‘Silver Tiger’) is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters (together, the ‘Co-Lead Underwriters’) and joint bookrunners (together with a syndicate of underwriters, the ‘Underwriters’) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company (the ‘Common Shares’) at a price of C$0.33 per Common Share (the ‘Offering Price’) for gross proceeds to the Company of approximately C$15,000,150 (the ‘Offering’).

The Company will grant the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering. If this option is exercised in full, an additional C$2,250,023 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$17,250,173.

The Company plans to use the net proceeds from the Offering to fund exploration and development expenditures at the Company’s El Tigre Project in Mexico, as well as for working capital and general corporate purposes. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Common Shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The Offering is scheduled to close on or about April 14, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The Preliminary and Final Prospectus’ will be filed with the securities commissions in each of the provinces of Canada, except Quebec, and will be available on SEDAR+ at www.sedarplus.ca. Alternatively, the Preliminary and Final Prospectus’ may be obtained upon request by contacting the Company or Stifel in Canada, attention: ProspectusCanada@stifel.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and application state securities laws.

About Silver Tiger and the El Tigre Historic Mine District

Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large hydrothermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end. In 1896, gold was first discovered on the property in the Gold Hill area and mining started with the Brown Shaft in 1903. The focus soon changed to mining high-grade silver veins in the area with production coming from 3 parallel veins the El Tigre Vein, the Seitz Kelley Vein and the Sooy Vein. Underground mining on the middle El Tigre vein extended 1,450 meters along strike and was mined on 14 levels to a depth of approximately 450 meters. The Seitz Kelley Vein was mined along strike for 1 kilometer to a depth of approximately 200 meters. The Sooy Vein was only mined along strike for 250 meters to a depth of approximately 150 meters. Mining abruptly stopped on all 3 of these veins when the price of silver collapsed to less than 20¢ per ounce with the onset of the Great Depression. By the time the mine closed in 1930, it is reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of silver from 1.87 million tons (Craig, 2012). The average grade mined during this period was over 2 kilograms silver equivalent per ton. The El Tigre silver and gold deposit is related to a series of high-grade epithermal veins controlled by a north-south trending structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre Volcanic Complex within a broad silver and gold mineralized prophylitic alteration zone developed in the El Tigre Formation that can be up to 150 meters wide. The veins dip steeply to the west and are typically 0.5 meter wide but locally can be up to 5 meters in width. The veins, structures and mineralized zones outcrop on surface and have been traced for 5.3 kilometers along strike in our brownfield exploration area. Historical mining and exploration activities focused on a 1.6 kilometer portion of the southern end of the deposits, principally on the El Tigre, Seitz Kelly and Sooy veins. The under explored Caleigh, Benjamin, Protectora and the Fundadora exposed veins continue north for more than 3 kilometers. Silver Tiger has delivered its maiden 43-101 compliant resource estimate and is currently drilling to update its resource estimate and publish a PEA

VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps. Access the Silver Tiger Metals Inc. Company Profile on VRIFY at: https://vrify.com The VRIFY Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be viewed at: https://vrify.com/explore/decks/492 and on the Corporation’s website at: www.silvertigermetals.com.

Procedure, Quality Assurance / Quality Control and Data Verification

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work. The sealed and tagged sample bags are transported to the Bureau Veritas facility in Hermosillo, Mexico. Bureau Veritas crushes the samples (Code PRP70-250) and prepares 200-300 gram pulp samples with ninety percent passing Tyler 200 mesh (Code PUL85). The pulps are assayed for gold using a 30-gram charge by fire assay (Code FA430) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code FA530). Silver and multi-element analysis is completed using total digestion (Code MA200 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code FA530). Quality assurance and quality control (‘QA/QC’) procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed Silver Tiger’s QA/QC protocols.

Qualified Person

David R. Duncan, P. Geo., V.P. Exploration of the Corporation, is the Qualified Person for Silver Tiger as defined under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical information in this press release.

CAUTIONARY STATEMENT:

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. This News Release includes certain ‘forward-looking statements’. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, the ability to convert inferred resources to indicated resources, the ability to complete future drilling programs and infill sampling, the ability to extend resource blocks, the similarity of mineralization at El Tigre to Delores, Santa Elena and Chispas, exploration results, and future plans and objectives of Silver Tiger, are forward-looking statements that involve various risks and uncertainties. Forwardlooking statements are frequently characterized by words such as ‘may’, ‘is expected to’, ‘anticipates’, ‘estimates’, ‘intends’, ‘plans’, ‘projection’, ‘could’, ‘vision’, ‘goals’, ‘objective’ and ‘outlook’ and other similar words. Although Silver Tiger believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger’s expectations include risks and uncertainties related to exploration, development, operations, commodity prices and global financial volatility, risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described from time to time in the filings made by Silver Tiger with securities regulators.


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Falco Resources Ltd. (TSX.V: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) announced today that since its March 3 rd press release (the ‘ March 3 rd Press Release ‘), the Corporation has received complementary correspondence (the ‘ Complementary Correspondence ‘) from the Direction de l’évaluation environnementale des projets industriels et minières, at the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the ‘ Ministry ‘), which aims to clarify the Ministry’s position regarding the ongoing process regarding the Horne 5 Project (the ‘ Project ‘).

The Complementary Correspondence confirms, among other things, that the list of comments and questions previously received and discussed in the March 3 rd Press Release (the ‘ Additional Questions ‘) is part of the standard process and that at this stage of the process, as with any other project, no conclusions can be drawn, whether regarding the acceptability or otherwise of the Project or the recommendation that may subsequently be made to the Minister.

The Ministry’s position regarding its interpretation of section 197 of the Clean Air Regulations (‘ CAR ‘) was not reiterated in the Complementary Correspondence. The Complementary Correspondence specifies that ‘ only the responses that the Corporation is invited to provide to the Ministry will allow the analysis to continue in accordance with the usual process.’ The Corporation understands that the Ministry’s position regarding its interpretation of section 197 of the CAR remains under review. The Corporation submitted responses to the additional questions, along with an explanatory letter to the Ministry on March 21, 2025.

Luc Lessard, President and CEO of Falco, commented: ‘ Falco continues its discussions with representatives of the Ministry with the aim of obtaining the necessary authorizations to continue the Project.

Furthermore, the results of the recently conducted independent survey show that the Corporation enjoys strong majority support in Rouyn-Noranda, where 72% of respondents are in favor of the Horne 5 Project, as well as in Abitibi-Témiscamingue, where support reaches 74%. These results demonstrate significant public support for the Project. For more information about the survey, refer to the Corporation’s press release dated March 18, 2025, by clicking on the following link. https://bit.ly/4hQlLNM

The Corporation reiterates that there is no certainty or guarantee that Falco will be able to raise the necessary funds to pursue the Project or that the Project will obtain the required government authorizations.

About Falco

Falco Resources is one of the largest holders of mining titles in the province of Québec, with a large portfolio of properties in the Abitibi greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, representing 67% of the entire camp and including 13 former gold and base metals mining sites. Falco’s principal asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder with a 16.0% interest in the Corporation.

For further information, please contact:

Luc Lessard
President and Chief Executive Officer
514 261-3336
info@falcores.com

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 Statements

This press release contains forward-looking statements and forward-looking information (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities laws. These statements include references to the social acceptability of the Project, the Ministry’s interpretation of section 197 of the CAR, the issues identified in the course of the BAPE process and noted by the Ministry, the development of the Horne 5 Project and the granting of environmental authorizations. These statements are based on information currently available to the Corporation and the Corporation provides no assurance that actual results will meet management’s expectations. The occurrence of such events or the realization of such statements is subject to a number of risk factors, including, without limitation, the risk factors identified in Falco’s annual management’s discussion and analysis and in other continuous disclosure documents available at www.sedarplus.com .

Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this press release, and no assurance can be given that such events will occur in the disclosed time frames or at all. As mentioned by Falco in its public disclosure and in its previous press releases, certain major issues have been raised by the Ministry in the context of the development of the project and in the BAPE process, including the compliance of the Project with section 197 of the CAR. There is no certainty or guarantee that the Ministry will change its position regarding the application of section 197 of the CAR to the Project, that Falco will be able to respond to the numerous additional requests from the Ministry in a timely manner or that Falco will be able to raise the necessary funds to continue the additional studies requested by the Ministry, which could significantly delay or prevent the granting of the required authorizations and therefore have an adverse impact on the development of the Project and on Falco’s financial situation. Except as required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information.

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