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NVIDIA Earnings: What Investors Need to Know

NVIDIA’s (NASDAQ:NVDA) results have once again exceeded analysts’ expectations.

Despite bearish sentiment leading up to the release of its earnings, the company delivered strong results for its fourth fiscal quarter of 2025, driven by the surging demand for its artificial intelligence (AI) solutions.

Quarterly revenue reached US$39.3 billion, a 78 percent increase year-on-year and a 12 percent rise from the previous quarter. Data center revenue soared to US$35.6 billion, up 93 percent from a year ago, highlighting the critical role of NVIDIA’s chips in powering the AI revolution. Earnings per diluted share hit US$0.89, surpassing estimates of US$0.85.

NVIDIA projects revenue of US$43 billion for its first fiscal quarter of 2026, indicating continued growth confidence.

While NVIDIA’s performance remains impressive, the company faces a dynamic and challenging environment.

The emergence of DeepSeek, a Chinese AI competitor, has raised concerns about over-concentration in AI. Additionally, the timeline for widespread real-world AI applications remains uncertain, and geopolitical tensions, particularly with NVIDIA’s ties to Taiwan Semiconductor Manufacturing Company (NYSE:TSM,TPE:2330), add complexity.

The US government’s efforts to restrict NVIDIA’s business in China also pose challenges.

Despite these headwinds, NVIDIA continues to push the boundaries of AI innovation.

During the most recent quarter, which ended on January 26, 2025, the company announced its role as a key technology partner for the US$500 billion Stargate Project, unveiled new GeForce RTX 50 Series graphics cards with AI-enhanced rendering and launched NVIDIA Cosmos, a platform designed to accelerate the development of physical AI.

Partnerships with major cloud providers, as well as leading healthcare institutions and car manufacturers like Hyundai Motor (KRX:005380) and Toyota Motor (NYSE:TM), further demonstrate NVIDIA’s commitment to driving AI adoption.

The company closed Wednesday (February 26) up 3.67 percent at US$131.28 and with a market capitalization of US$3.22 trillion. Its share price rose as high as US$135.67 in after-hours trading.

CEO Jensen Huang expressed enthusiasm for the ‘amazing demand’ for NVIDIA’s Blackwell architecture, emphasizing its ability to scale AI capabilities and deliver smarter solutions.

NVIDIA’s strong quarterly performance and bullish outlook reinforce its position as a leader in the AI space.

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

This post appeared first on investingnews.com

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Is Now a Good Time to Buy Bitcoin?

Bitcoin is prone to price volatility, with wide swings to the upside and downside.

There has been renewed interest in cryptocurrencies following the election of US President Donald Trump. The Bitcoin price, after soaring to new heights in 2024, has consolidated just under US$100,000 in the first quarter of 2025 as investors and other industry insiders speculate on how the Trump administration’s policies could grow the sector and encourage mainstream adoption.

Trump ran on a platform that promised to make the US the Bitcoin capital of the world, vowing to establish a national reserve for the asset, and several states have already introduced legislation to create similar reserves within their borders.

Meanwhile, institutions and businesses like Michael Saylor’s Strategy have continued to buy Bitcoin by the millions, and spot Bitcoin exchange-traded funds (ETFs) remain popular.

This surge of interest paints a bullish picture of Bitcoin’s continued growth.

However, buying Bitcoin isn’t a simple decision. Before you decide if Bitcoin is a good investment for you, you need to understand both Bitcoin and the wider crypto market. Read on to learn the basics.

In this article

    What gives Bitcoin its value?

    Bitcoin was the world’s first cryptocurrency, created in January 2009 by the mysterious Satoshi Nakamoto.

    Conceived as a virtual alternative to fiat currency, Bitcoin is built atop blockchain technology, which it uses for both validation and security. Blockchain itself is a distributed digital ledger of transactions, operating through a combination of private keys, public keys and network consensus.

    The best analogy to explain how this works in practice involves Google Docs. Imagine a document that’s shared with a group of collaborators. Everyone has access to the same document, and each collaborator can see the edits other collaborators have made. If anyone makes an edit that the other collaborators don’t approve of, they can roll it back.

    Going back to Bitcoin, the virtual currency primarily validates transactions through proof of work. Also known as Bitcoin mining, this competitive and incredibly resource-intensive process is the means by which new Bitcoins are generated.

    How it works is deceptively simple. Each Bitcoin transaction adds a new ‘block’ to the ledger, identified by a 64-digit encrypted hexadecimal number known as a hash. Each block uses the block immediately preceding it to generate its hash, creating a ledger that theoretically cannot be tampered with. Bitcoin miners collectively attempt to guess the encrypted hex code for each new block — whoever correctly identifies the hash then validates the transaction and receives a small amount of Bitcoins as a reward.

    From an investment perspective, Bitcoin toes the line between being a medium of exchange and a speculative digital asset. It also lacks any central governing body to regulate its distribution. As one might expect, these factors together make Bitcoin quite volatile, and therefore somewhat risky as an investment target.

    As for the source of this volatility, Bitcoin’s value is primarily influenced by five factors.

    1. Supply and demand

    It’s widely known that no more than 21 million Bitcoins can be produced, and that’s unlikely to happen before 2140.

    Only a certain number of Bitcoins are released each year, and this rate is reduced every four years by halving the reward for Bitcoin mining. The last of these ‘halvings’ occurred in April 2024 and the next one is due sometime in 2028. When it happens, there may be a significant increase in Bitcoin demand, largely driven by media coverage and investor interest.

    Bitcoin demand is also strengthening in countries experiencing currency devaluation and high inflation.

    It would be remiss not to mention that Bitcoin represents an ideal mechanism for supporting illicit activities — meaning that increasing cybercrime could itself be a demand driver.

    2. Production costs

    It’s said that Bitcoin benefits from minimal production costs. This isn’t exactly true, however. Solving even a single hash requires immense processing power, and it’s believed that crypto mining collectively uses more electricity than some small countries. It’s also believed that miners were largely responsible for the chip shortage experienced throughout the pandemic due to buying and burning out vast quantities of graphics cards.

    These costs together have only a minimal influence on Bitcoin’s overall value. The complexity of Bitcoin’s hashing algorithms and the fact that they can vary wildly in complexity are far more impactful.

    3. Competition

    Bitcoin’s cryptocurrency market share has sharply declined over the years. In 2017, it maintained a market share of over 80 percent. Bitcoin’s current market share is just over 56 percent.

    Despite that fall, Bitcoin remains the dominant force in the cryptocurrency market and is the marker by which many other cryptocurrencies determine their value. However, there is no guarantee that this will always remain the case. There are now scores of Bitcoin alternatives, known collectively as altcoins.

    The most significant of these is Ethereum. Currently accounting for roughly 14 percent of the crypto market, Ethereum has maintained its position as the second largest cryptocurrency. Some experts have suggested that Ethereum may even overtake Bitcoin, but others don’t see that as a possibility in the near future.

    4. Regulations

    Bitcoin may itself be unregulated, but it is not immune to the effects of government legislation. For instance, China’s 2021 ban of the cryptocurrency caused a sharp price drop, though it quickly rallied in the following months. The European Union has also attempted to ban Bitcoin in the past, and Nic Carter, a partner at Castle Venture, accused the US of trying to do the same in February 2023. A ban in either region could be devastating for Bitcoin’s overall value.

    However, the US made progress in establishing crypto legislation in 2024 when the House passed the Financial Innovation and Technology for the 21st Century (FIT21) Act in a bipartisan 279 to 136 vote on May 22.

    5. Public interest and media coverage

    As with any speculative commodity, Bitcoin is greatly influenced by the court of public opinion.

    Perhaps the best example of this occurred in 2021. At that time, a tweet from Tesla’s (NASDAQ:TSLA) Elon Musk caused Bitcoin’s price to drop by 30 percent in a single day. This also wiped about US$365 billion off the cryptocurrency market.

    A more recent example occurred on January 9, 2024, leading up to the deadline for eight spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC). In a since-deleted post on X, formerly known as Twitter, a hacker falsely stated that the SEC had approved all eight pending Bitcoin ETFs. This caused the price of Bitcoin to spike to US$48,000, but it quickly dropped back down to around US$46,000 after the SEC confirmed it was a hack, leading some analysts to consider it a ‘sell-the-news’ event.

    Is now a good time to buy Bitcoin?

    The current US administration is crypto friendly, and Bitcoin and altcoins are seeing support in 2025. Could they go higher, or should you wait for a dip? Bitcoin is notoriously volatile, which can make it difficult to judge where the crypto is going next, but there are several strategies to help investors decide when to invest.

    To determine if it is a good time to invest in Bitcoin, investors should pay attention to the market and listen to the experts, as generally speaking, Bitcoin’s price action is sentiment-driven. To keep on top of big news in the sector, follow our frequent Crypto Market Updates.

    There are also different technical indicators that crypto traders use to help them decide if now is the time to buy or sell, which you can learn about below.

    For example, the Relative Strength Index (RSI) is a technical indicator used to gauge the momentum of a cryptocurrency’s price. It fluctuates on a scale from 0 to 100. By analyzing the magnitude of recent price changes relative to the previous 12-month period, the RSI helps traders identify whether a cryptocurrency is potentially overbought or oversold. An RSI above 70 often signals an overbought market, while an RSI below 30 suggests an oversold market.

    Another metric to consider is the MVRV Z-score, calculated by subtracting the ‘realized’ value of Bitcoin, which is an average of the prices at which each Bitcoin was last moved, from the current market value. This is then divided by the standard deviation of the Bitcoin market cap.

    This indicator helps identify when market value deviates strongly from realized value, which could show the market is at a turning point. A score above 7 likely indicates that Bitcoin is overvalued, meaning it could be due for a correction, while a score below 0 suggests that Bitcoin is undervalued, meaning it could be a good buying opportunity.

    Finally, to gauge the overall market sentiment, investors can look at the Fear & Greed Index. This index provides a snapshot of how optimistic or fearful the market is about Bitcoin, with high readings potentially signaling overenthusiasm and a possible correction.

    While it’s useful to learn these technical indicators to help you trade, it is important to remember that there’s no such thing as a guaranteed investment, especially when it comes to cryptocurrencies. On the one hand, there’s virtually no chance that Bitcoin will experience a crash to zero. On the other hand, we also cannot take for granted that its value will continue to climb.

    What is Bitcoin’s long-term price outlook?

    For those considering Bitcoin as a long-term investment, it’s worth considering experts’ thoughts on Bitcoin in the future.

    Veteran analyst Peter Brandt said in February 2024 that if Bitcoin could break past its previous high, the cryptocurrency could easily reach a new record of US$200,000 by September 2025.

    Only two weeks after the interview, Bitcoin surpassed the US$72,000 mark in the early hours of March 11. On December 4, one month after the US presidential election, Bitcoin reached US$100,000 for the first time, an elusive target it has surpassed a handful of times since.

    As of writing, Bitcoin has been locked in a weeks-long consolidation phase, its price averaging around US$96,500. Bitcoin analyst Jelle said on February 19, 2025, that Bitcoin’s next target could reach US$140,000 if it holds above its lower trendline of US$93,000.

    Not everyone is so optimistic about Bitcoin’s prospects. Pav Hundal, lead market analyst at Swyftx, has expressed concerns about Bitcoin’s future in the context of continued geopolitical upheaval and economic uncertainty.

    Billionaire investor Warren Buffet, meanwhile, has not minced words regarding his opinion on Bitcoin and its future. According to Buffet, Bitcoin is an unproductive asset with no unique value. He also feels that it doesn’t count as a true currency — in fact, he called it “rat poison.” Moreover, he believes that the crypto market as a whole will end badly.

    Regardless of whether you believe Bitcoin’s proponents or naysayers, it’s clear that it has some incredibly prominent backers in both the investment world and the wider business landscape. Business analytics platform Strategy (NASDAQ:MSTR) is by far the largest public company in the Bitcoin space, with 478,740 Bitcoin to its name as of February 20, 2025. The next three public companies with the largest Bitcoin holdings are Marathon Digital Holdings (NASDAQ:MARA) with 44,893 Bitcoin, Riot Platforms with 18,221, Tesla with 11,509 and Hut 8 (NASDAQ: HUT) with 10,096.

    The US, China and the United Kingdom hold the top three spots for countries with the most Bitcoin holdings, with 207,189, 194,000 and 61,000 Bitcoin respectively at that time.

    There are also plenty of individuals with large holdings, the most significant of which is believed to be Bitcoin’s creator, Satoshi Nakamoto. Other prominent names include Michael Saylor, Cameron and Tyler Winklevoss and Tim Draper.

    How to smartly invest in Bitcoin

    To help increase the odds of crypto being a good investment, investors in the Bitcoin market should learn the basics of safely investing in Bitcoin.

    How to buy Bitcoin

    The good news is that investing in Bitcoin is actually quite simple. If you’re purchasing through a stockbroker, it’s a similar process to buying shares of a company. Otherwise, you may need to gather your personal information and bank account details. It’s recommended to secure your network with a VPN prior to performing any Bitcoin transactions.

    The first step in purchasing Bitcoin is to join an exchange. Coinbase Global (NASDAQ:COIN) is one of the most popular, but there’s also Kraken and Bybit. If you’re an advanced trader outside the US, you might consider Bitfinex.

    Once you’ve chosen an exchange, you’ll need a crypto wallet. Many first-time investors choose a software-based or ‘hot’ wallet either maintained by their chosen crypto exchange or operated by a service provider. While simpler to set up and more convenient overall, hot wallets tend to be less secure as they can be compromised by data breaches.

    Another option is a ‘cold’ wallet — a specialized piece of hardware specifically designed to store cryptocurrency. It’s basically a purpose-built flash drive. If you plan to invest large amounts in crypto, a cold wallet is the better option.

    Once you’ve acquired and configured your wallet, you may choose to connect either the wallet or your crypto exchange account to your bank account. This is not strictly necessary, and some seasoned investors don’t bother to do this.

    Finally, with your wallet fully configured and your exchange account set up, it’s time to place your order.

    Best practices for investing in Bitcoin

    The most important thing to remember about Bitcoin is that it is a high-risk asset. Treat Bitcoin as a means of slowly growing your existing wealth rather than an all-or-nothing gamble, and never invest money that you aren’t willing to lose..

    As with other investments, it’s important to hedge your portfolio. Alongside Bitcoin, you may want to consider investing in other cryptocurrencies like Ethereum, or perhaps an altcoin. You may also want to explore other blockchain-based investments, given that even the most stable cryptocurrencies tend to be fairly volatile.

    It’s also key to ignore the hype surrounding cryptocurrencies. Recall how many people whipped themselves into a frenzy over non-fungible tokens in 2022. More than 95 percent of the NFTs created during that time are now worthless.

    Make decisions based on your own market research and advice from trusted — and more importantly, certified — professionals. If you’re putting up investment capital based on an influencer’s tweets, you are playing with fire.

    You should also start small. A good rule of thumb is not to dedicate more than 10 percent of your overall capital to cryptocurrency. Even that number could be high — again, it’s all about moderation.

    Make sure to prioritize cybersecurity as well. Cryptocurrencies are an immensely popular target for cybercriminals. In addition to maintaining a cold wallet, make sure you practice proper security hygiene. That means using a VPN and a password manager while also exercising mindfulness in how you browse the web and what you download.

    Finally, make an effort to understand what cryptocurrencies are and how they work. One of the reasons Sam Bankman-Fried was able to run FTX as long as he did was because many of his investors didn’t fully understand what they were putting their money into. Don’t let yourself be fooled by buzzwords or lofty promises about Web3 and the metaverse.

    Do your research into the technology behind it all. That way, you’ll be far better equipped to recognize when something is a sound investment versus a bottomless money pit.

    Indirect crypto investing

    Given Bitcoin’s volatility, it’s understandable that you might be leery of making a direct investment. The good news is that you don’t have to. You can indirectly invest into the crypto space through mutual funds, stocks and ETFs.

    ETFs are a popular and flexible portfolio choice that allows investors to benefit from a sector’s performance without the need to directly own individual stocks or assets. They are an especially appealing option in the cryptocurrency market as the technical aspects of purchasing and holding these coins can be confusing and intimidating for the less technologically inclined.

    Bitcoin futures ETFs provide exposure to the cryptocurrency’s price moves using Bitcoin futures contracts, which stipulate that two parties will exchange a specific amount of Bitcoins for a particular price on a predetermined date.

    Conversely, spot Bitcoin ETFs aim to track the price of Bitcoin, and they do so by holding the asset. Spot Bitcoin ETFs have been offered to Canadians since 2021; for more details, check out 13 Canadian Cryptocurrency ETFs and 5 Biggest Blockchain ETFs. Spot Bitcoin ETFs began trading in the US on January 11, 2024.

    Do a bit of research and touch base with your stockbroker or financial advisor before you go in this direction.

    Investor takeaway

    Bitcoin is a fascinating asset. Simultaneously a transactional tool and a speculative commodity, it’s attracted the attention of investors almost since it first hit the market. Unfortunately, it’s also incredibly volatile.

    For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment. If that knowledge doesn’t bother you, then by all means, purchase away.

    Otherwise, there are better — less volatile — options for your capital.

    FAQs for buying Bitcoin

    What is a realistic Bitcoin price prediction for 2025?

    Reality and price predictions rarely match up as forecasters have no way of predicting major events like Russia’s war with Ukraine or the COVID-19 pandemic. On top of that, the further away the time period, the less realistic the prediction will be.

    As such, there is a massive range for 2025 Bitcoin price forecasts. As of April 2024, forecasts for where the Bitcoin price might land in 2025 range from US$74,456.13 to US$270,929.12. We’ll have to wait a a couple of years to see which are correct.

    What does Cathie Wood say about Bitcoin?

    ARK Invest CEO Cathie Wood is extremely bullish on Bitcoin, telling Bloomberg in February 2023 that her firm believes the cryptocurrency could reach a value of US$1 million by 2030. A year later, Wood hiked her 2030 bitcoin price prediction astronomically to US$75 trillion.

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

    This post appeared first on investingnews.com

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    Argo Launches Digital Gold Investment Platform in the US, Aims to Disrupt Industry

    Argo Digital US has launched its 24/7 gold investment platform in the US.

    In an early February announcement, the Sprott family-backed company said the launch reflects its commitment to delivering safe and accessible gold investment opportunities, offering secure, digital access to physical gold.

    “We believe Argo will appeal to the modern investor looking for a secure digital-first platform that meets their alternative investment needs,” said Argo Co-founder and President Michael Petch in a statement.

    A market-driven launch

    According to Argo, its analysis suggests that around 8.2 million retail investors could be open to investing in the yellow metal, representing a US$5.45 billion annual investment opportunity.

    Data from the World Gold Council shows that annual gold investment reached a four year high of 1,180 metric tons in 2024, a 25 percent increase. In addition, Q4 demand value hit US$111 billion.

    “This took 2024 over the line to reach the highest-ever annual value of US$382 billion,” the council notes.

    Simplifying gold investment

    Argo believes its gold investment platform brings a number of new elements to the table.

    “(Our platform) is designed to provide retail investors with direct access to high-quality physical gold holdings. The platform was initially launched with a robust inventory of gold insured and securely stored with a trusted sovereign custodian, ensuring sufficient liquidity to meet investor demand,” the company said via email.

    Argo is also committed to eliminating transaction fees to encourage investors to buy and sell gold.

    “We have a highly competitive and transparent storage fee of just 0.12 percent, which is significantly lower than traditional gold investment options,” Petch said, adding that this eliminates hidden charges and high markups.

    The platform exclusively holds Argo’s assets at present, but the company is open to expansion in the future.

    “We are open to strategic partnerships and collaborations with reputable gold suppliers, institutions and investment platforms that align with our commitment to transparency and investor security,” Petch said.

    Additional precious metals, in all their forms, will be added to the platform at a later date. There are also plans to integrate additional offerings, such as direct deposits and crypto-to-gold conversions in the future.

    “Our founding team’s long-standing success in the precious metals markets and asset management industry gives us deep confidence in Argo Digital Gold’s expansion into the US,” Argo Co-Founder and Chair Peter Grosskopf added.

    “As we introduce a modernized platform to the process of buying one of the world’s oldest alternative assets, (we are) seeking to disrupt the US$3.2 trillion gold investment industry by enabling easy and direct ownership of precious metals.’

    On payments and privacy

    Argo supports automated clearinghouse and wire transfers, with additional payment options to be added later.

    When asked about security, Argo said it has implemented stringent data protection measures to safeguard user data, including industry-standard encryption, secure authentication protocols and compliance with regulatory frameworks.

    “Our platform operates with a zero-compromise approach to privacy, ensuring that personal and financial details are protected against unauthorized access,” Petch said. He also noted that all gold holdings are fully insured and stored with trusted institutional partners for an added layer of security and confidence for Argo’s investors.

    Gold growth

    According to Argo, gold has demonstrated an impressive average annual growth rate of 8 percent in US dollars since 1971, supported by its inverse correlation to the stock market in periods of risk.

    The precious metal has reached multiple new highs in 2025 already, breaking US$2,950 per ounce on February 20 on the back of ever-increasing global turmoil, including tariff talks and tensions between Russia and Ukraine.

    Even so, many market watchers believe gold’s run isn’t over.

    “How much higher? It is hard to say, but a real all-time-high of just under US$3,500 is less than 35 percent higher than where we are today. That seems doable,” Lobo Tiggre, CEO of IndependentSpeculator.com, said at the end of 2024.

    Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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    Red Metal Resources Plans Extensive 2025 Work Program on Its Carrizal IOCG Property Following Sampling Discoveries of up to 5.77% Copper

    Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’) is pleased to announce planning is underway for an extensive 2025 work program to follow-up on and extend previous sampling discoveries of 5.77% Cu, 1.55% Co and 0.11 gt Au along two kilometres of strike to the north of 2022 drilling on the ‘Farellon’ structure at its highly prospective Carrizal IOCG Property, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera.

    The upcoming 2025 work program will test high-priority targets identified through previous drilling, sampling and mapping and will focus on identifying new drill targets and expanding known areas of mineralization using ASTER remote sensing surveys for alteration analysis and ground sampling initiatives.

    Figure 1: Strong iron oxide alteration FAR-22-017 at 243m

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_001full.jpg

    Red Metal Resources President and CEO, Caitlin Jeffs stated,‘We are excited to build on our previously successful drilling and sampling programs in a 2025 market environment with higher Copper prices and demand. We have multiple new potential drill targets in close proximity to the Farellon structure and are greatly encouraged by the drilling confirmation of significant new vein width and mineralization with a full 1.5 kilometres of mapped continuity for planned upcoming drilling as well as numerous other high-priority veins that have yet to be drill tested. We believe the nature of the alteration and veining indicates that we are in the top of a large IOCG system and that we are in the early stages of showing its full potential.’

    Figure 2: Surface mapping and sample results up to 5.77% Copper at Carrizal, Chile

    CuEq% based on CuEq%= ((Cu lb/t*US$3.75.lb) +(Co lbs/t*US$20/lb) +(Au g/t*0.03215*US$1,850/oz)/US$3.75/lb Cu insitu value and does not account for metallurgical, refining or other losses

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_002full.jpg

    A 2022 work program focused on mapping of veins along strike of, and to the east of the main Farellon structure with the goal of developing new drill targets. New veins mapped and sampled include the Gorda vein which was drilled in Hole FAR-22-020. The Gorda vein lies 250 metres east of the Farellon structure which was mapped and sampled along strike for a full kilometre. A further five veins were mapped and sampled in detail to develop 2025 and future drill targets throughout the property.

    Figure 3. Mineralization from recent sampling programs

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_003full.jpg

    Highlights

    • A high sample return of 5.77% Cu, 1.55% Co and 0.11 g/t Au two kilometres along strike to the north of the recent drilling on the Farellon structure
    • Three veins mapped in detail, each demonstrating over a kilometre of prospective strike length with mineralized grab samples

    Table 1: Grab Sample Highlights (1)(2)

    Sample
    Number    		 Northing
    UTM    		 Easting
    UTM    		 Elevation
    (asl)    		 Weight of Sample
    (Kg)    		 Au g/t Co% Cu%
    500818 6888943 309490 553 1.54 1.74 0.047 6.26
    500902 6891077 310916 632 1.63 0.11 1.545 5.77
    500832 6889540 311547 540 1.82 0.22 0.021 5.66
    500895 6890377 310310 631 1.58 0.63 0.146 5.18
    500887 6889724 311958 495 0.94 0.32 0.063 5.06
    500803 6889197 309735 561 2.21 0.04 0.019 4.89
    500822 6888323 309800 647 1.96 3.43 0.015 4.59
    500830 6889441 311412 524 1.71 0.67 0.027 4.11
    500827 6888543 310082 618 1.71 4.91 0.094 3.70
    500894 6890373 310305 631 0.45 0.13 0.028 3.41
    500844 6888968 310724 496 1.48 0.27 0.024 3.37
    500854 6889477 310518 582 1.05 3.28 0.160 3.16
    500837 6889267 311117 527 0.67 1.97 0.029 3.03
    500814 6889114 309667 587 1.51 0.19 0.057 2.79
    500858 6889836 310979 582 2.46 2.06 0.002 2.70
    500834 6889309 312021 472 1.52 0.45 0.054 2.64
    500824 6888423 309869 621 1.32 0.74 0.136 2.61
    500833 6890107 311855 522 1.12 0.21 0.071 2.52
    500820 6888717 309359 592 3.64 0.45 0.036 2.50
    500831 6889472 311475 533 1.91 0.02 0.015 2.39
    500859 6889807 310888 564 1.14 0.17 0.019 2.11
    500840 6888767 310417 546 1.07 0.81 0.018 2.06
    500850 6888284 310247 572 1.5 1.57 0.029 1.90
    500816 6889020 309583 594 3.62 0.38 0.020 1.88
    500868 6890705 311339 574 1.43 0.09 0.085 1.77
    500886 6889679 312500 457 0.93 0.22 0.002 1.76
    500806 6889420 309857 575 1.3 0.09 0.036 1.69
    500819 6888717 309359 592 2.64 0.47 0.048 1.54
    500855 6889630 310681 596 1.19 0.87 0.025 1.54
    500852 6889527 310785 561 1.86 0.24 0.193 1.21
    500829 6889352 311252 539 3.43 0.65 0.073 1.20
    500856 6889748 310735 570 2.31 0.22 0.024 1.15
    500835 6889244 311891 496 3.24 1.54 0.001 0.94
    500838 6889227 311054 548 1.26 1.89 0.019 0.88
    500892 6889011 312361 435 0.8 0.01 0.033 0.86
    500826 6888696 310059 627 1.75 1.79 0.003 0.84
    500801 6889269 309795 596 1.96 0.09 0.121 0.82
    500823 6888344 309815 637 2.74 0.22 0.006 0.75
    500853 6889444 310665 578 2.95 0.43 0.026 0.66
    500802 6889233 309758 580 1.67 0.04 0.062 0.55
    500825 6888485 309930 617 1.02 2.20 0.030 0.50

     

    (1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
    (2)This table represents a selection of highlights including 41 samples out of 102 samples taken

    Red Metal successfully completed a nine-hole, 2,010 metre drill program in 2022 that targeted down dip extensions of known mineralized zones as well as testing of new zones.

    Highlights

    • First hole on new zone intercepted 6 metres of vein with strong visible copper sulphides; further 1.5 kilometres of untested strike length
    • All holes have intercepted visible copper sulphide mineralization and alteration associated with IOCG deposits
    • Diamond drill core continues to provide valuable alteration and structural information not seen in previous RC drilling

    Diamond Drilling

    Four drillholes of the program targeted the south and north end of the Farellon zone and tested a previously undrilled structure parallel to the Farellon zone. All four drill holes intercepted zones of sulphide mineralization including chalcopyrite and chalcocite and zones of strong alteration associated with iron oxide copper gold (‘IOCG’) deposits.

    Figure 4. Diamond drill program at the Farellon Zone discovery

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_004full.jpg

    Table 2: Summary of holes (3)

    Drillhole Target Length Highlights
    FAR-22-017 Farellon South 326 Mineralized Breccia Zone at 236-243 m
    FAR-22-018 Farellon South 293 Multiple zones of disseminated chalcopyrite mineralization and intense IOCG associated alteration
    FAR-22-019 Farellon North 188 85-91 m brecciated quartz veining with strong chalcopyrite mineralization
    FAR-22-020 New Zone 182 142-147.6 m quartz calcite vein with strong chalcopyrite mineralization and actinolite, iron and sericite alteration

     

    (3)Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths with at this time.

    New Zone Drill Tested

    The newly tested parallel structure lies approximately 250 metres west of the Farellon vein and was mapped and sampled on surface in 2012. Mapping completed in 2012 traced the vein continuously over approximately 1.5 kilometres. All six surface samples taken along the structure in 2012 are listed below and all samples returned significant copper, gold and cobalt. The structure was tested with one drillhole and a six-metre quartz calcite vein was intercepted from 142m to 142.6m with visible chalcopyrite mineralization, intense pyrrhotite, albite and actinolite alteration.

    Table 3: Historic 2012 surface sampling on new zone

    Sample ID Easting Northing CuT% Au g/t Co%
    123984 309701 6889159 4.97 0.43 0.07
    123985 309862 6889291 3.73 0.80 0.02
    123986 309644 6889070 3.40 0.41 0.03
    123987 309424 6888843 1.60 0.23 0.10
    123989 309227 6888420 3.86 0.68 0.04
    123990 309040 6888003 2.49 0.63 0.02

     

    Figure 5: Chalcopyrite in brecciated quartz vein FAR-22-019 at 86m

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/4932/242622_74b034dc84c71b1e_005full.jpg

    Figure 6: Chalcopyrite primary mineralization FAR-22-020 from 6m wide zone at 145.5m and 147.5m

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/4932/242622_redmetalfig6.jpg

    QAQC

    Samples were prepared and analyzed by ALS laboratories in La Serena, Chile and Lima, Peru. Samples were analyzed for gold using Fire Assay-AA techniques. All samples were analyzed using a 33 element 4 acid digestion ICP analysis method and copper samples over 10,000 ppm were analyzed again for just copper using the same analysis method.

    Qualified Person

    The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (‘QP’) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

    About Red Metal Resources Ltd.

    Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company’s portfolio of projects include seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totaling over 4,546 hectares, located in Ville Marie, Quebec and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.

    For more information, visit www.redmetalresources.com.

    Contact:
    Red Metal Resources Ltd.
    Caitlin Jeffs, President & CEO
    1-866-907-5403
    invest@redmetalresources.com
    www.redmetalresources.com

    Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

    Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242622

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

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    Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak

    Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects.

    For the full year ahead, the company said it expects total sales to grow by 2.8% and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to increase by about 1%. Home Depot projected adjusted earnings per share will decline about 2% compared with the prior year.

    In an interview with CNBC, Chief Financial Officer Richard McPhail said “housing is still frozen by mortgage rates.” Yet he said Home Depot saw broad-based growth, as sales increased in about half of its merchandise categories and 15 of its 19 U.S. geographic regions.

    Home Depot anticipates consumers will stop putting off projects as they gradually get used to higher interest rates, rather than waiting for them to fall, McPhail said. 

    “They tell us their lives are moving on,” he said. “Their families are growing. They’re moving for a new job. They’re upsizing their home. They want to upgrade their standard of living. Home improvement always persists, and so the question, I think, will be around the mindset of whether long-term rates have gotten to a new normal.”

    Here’s what the company reported for the fiscal fourth quarter compared with Wall Street’s estimates, according to a survey of analysts by LSEG:

    Home Depot shares were up nearly 5% in midday trading. The company was holding an earnings call on Tuesday morning.

    In the three-month period that ended Feb. 2, Home Depot’s net income climbed to $3.0 billion, or $3.02 per share, from $2.80 billion, or $2.82 per share, in the year-ago period. Revenue rose 14% from $34.79 billion in the year-ago period.

    Comparable sales, a metric also known as same-store sales, increased 0.8% across the company. Those results ended eight consecutive quarters of falling comparable sales. They also exceeded analysts’ expectations of a decline of 1.7%, according to StreetAccount. Comparable sales in the U.S. increased 1.3% year over year.

    Regions hit by hurricanes Helene and Milton contributed about 0.6% to comparable sales, McPhail said.

    Customers spent more and visited Home Depot’s stores and website more in the quarter compared with the year-ago period. Transactions rose to 400.4 million, up nearly 8% from the year-ago period. The average ticket was $89.11 in the quarter, up slightly from $88.87 in the prior-year quarter.

    Home Depot has faced a more difficult backdrop for selling supplies for home improvement projects. Sales growth slowed in 2023, after consumers’ huge appetite for home renovations during the Covid pandemic returned to more typical patterns. Inflation and a shift back to spending on services like vacations and restaurants also dinged consumer demand for larger projects and pricier items.

    Since roughly the middle of 2023, Home Depot’s leaders have pinned the company’s problems on a tougher housing market. McPhail told CNBC that the same challenge persisted in the fourth quarter, as consumers still showed reluctance to splurge on bigger projects, such as redoing a kitchen or installing new flooring.

    Mortgage rates have remained high, despite interest rate cuts by the Federal Reserve. The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January, according to the National Association of Realtors.

    Tougher weather also hurt the company’s sales in January, and that’s carried into February in some parts of the country, McPhail said.

    “Where weather is good, we continue to see engagement,” he said. “Where weather is tough, projects get put on the shelf.”

    Even so, he said Home Depot has focused on ways it can move the needle, such as opening new stores and investing in its e-commerce business. 

    Online sales rose 9% in the fourth quarter compared with the year-ago period, McPhail said, the strongest quarter of the year for Home Depot’s digital business. He chalked that up to the company’s investments in faster deliveries, particularly with getting appliances and power tools to customers.

    McPhail said Home Depot opened 12 new stores in 2024, and it plans to open 13 new locations in the coming year. 

    Home Depot has also looked to home professionals as one of its major sales drivers. It bought SRS Distribution, a Texas-based company that sells supplies to professionals in the roofing, pool and landscaping businesses, for $18.25 billion last year. It marked the largest acquisition in the company’s history.

    Some pro-heavy categories, such as roofing, drywall and lumber, saw sales increases in the quarter because of Home Depot’s push to serve contractors and other home pros better, McPhail said.

    Shares of Home Depot closed Monday at $382.42. As of Monday’s close, the company’s shares have fallen about 2% so far this year. That trails behind the S&P 500′s approximately 2% gains during the same period.

    This post appeared first on NBC NEWS

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    Bucking trend, McDonald’s vows no egg surcharges as it preps $1 Egg McMuffin Day

    McDonald’s is leaning into its reputation as a breakfast value offering, vowing to reject a surcharge on meals with eggs while announcing a special one-day discount on Egg McMuffins.

    The fast-food giant said in a release that to mark the 50th anniversary of its breakfast-menu cornerstone, customers on Sunday would be able to purchase an Egg McMuffin sandwich, as well as a Sausage McMuffin With Egg sandwich, through the McDonald’s app for just $1.

    “At McDonald’s, breakfast isn’t just a meal; it’s a cherished tradition and cornerstone of our brand,” McDonald’s USA President Joe Erlinger said Tuesday. “Every morning when we open our doors, we are a breakfast restaurant.”

    Coinciding with the release, a McDonald’s executive emphasized in a LinkedIn post that the chain had no intention to charge customers extra for meals featuring eggs amid a nationwide shortage that has sent prices soaring and prompted at least two other national chains to do so.

    ‘Unlike others making news recently, you definitely WON’T see McDonald’s USA issuing surcharges on eggs, which are 100% cage-free and sourced in the U.S.,’ wrote Michael Gonda, McDonald’s chief impact officer for North America.

    The announcements come as McDonald’s tries to leave a recent slump behind: Earlier this month, it reported its worst quarterly sales drop since the pandemic — but forecast improving results for 2025.

    Year to date, its shares are up some 6%, outperforming broader market indexes.

    This post appeared first on NBC NEWS

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    Nvidia to report earnings amid infrastructure spending, DeepSeek concerns

    Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell.

    It’s expected to put the finishing touches on one of the most remarkable years from a large company ever. Analysts polled by FactSet expect $38 billion in sales for the quarter ended in January, which would be a 72% increase on an annual basis.

    The January quarter will cap off the second fiscal year where Nvidia’s sales more than doubled. It’s a breathtaking streak driven by the fact that Nvidia’s data center graphics processing units, or GPUs, are essential hardware for building and deploying artificial intelligence services like OpenAI’s ChatGPT. In the past two years, Nvidia stock has risen 478%, making it the most valuable U.S. company at times with a market cap over $3 trillion.

    But Nvidia’s stock has slowed in recent months as investors question where the chip company can go from here. 

    It’s trading at the same price as it did last October, and investors are wary of any signs that Nvidia’s most important customers might be tightening their belts after years of big capital expenditures. This is particularly concerning in the wake of recent breakthroughs in AI out of China. 

    Much of Nvidia’s sales go to a handful of companies building massive server farms, usually to rent out to other companies. These cloud companies are typically called “hyperscalers.” Last February, Nvidia said a single customer accounted for 19% of its total revenue in fiscal 2024.

    Morgan Stanley analysts estimated this month that Microsoft will account for nearly 35% of spending in 2025 on Blackwell, Nvidia’s latest AI chip. Google is at 32.2%, Oracle at 7.4% and Amazon at 6.2%.

    This is why any sign that Microsoft or its rivals might pull back spending plans can shake Nvidia stock.

    Last week, TD Cowen analysts said that they’d learned that Microsoft had canceled leases with private data center operators, slowed its process of negotiating to enter into new leases and adjusted plans to spend on international data centers in favor of U.S. facilities.

    The report raised fears about the sustainability of AI infrastructure growth. That could mean less demand for Nvidia’s chips. TD Cowen’s Michael Elias said his team’s finding points to “a potential oversupply position” for Microsoft. Shares of Nvidia fell 4% on Friday.

    Microsoft pushed back Monday, saying it still planned to spend $80 billion on infrastructure in 2025.

    “While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions. This allows us to invest and allocate resources to growth areas for our future,” a spokesperson told CNBC.

    Over the last month, most of Nvidia’s key customers touted large investments. Alphabet is targeting $75 billion in capital expenditures this year, Meta will spend as much as $65 billion and Amazon is aiming to spend $100 billion.

    Analysts say about half of AI infrastructure capital expenditures ends up with Nvidia. Many hyperscalers dabble in AMD’s GPUs and are developing their own AI chips to lessen their dependence on Nvidia, but the company holds the majority of the market for cutting-edge AI chips.

    So far, these chips have been used primarily to train new age AI models, a process that can cost hundreds of millions dollars. After the AI is developed by companies like OpenAI, Google and Anthropic, warehouses full of Nvidia GPUs are required to serve those models to customers. That’s why Nvidia projects its revenue to continue growing.

    Another challenge for Nvidia is last month’s emergence of Chinese startup DeepSeek, which released an efficient and “distilled” AI model. It had high enough performance that suggested billions of dollars of Nvidia GPUs aren’t needed to train and use cutting-edge AI. That temporarily sunk Nvidia’s stock, causing the company to lose almost $600 billion in market cap. 

    Nvidia CEO Jensen Huang will have an opportunity on Wednesday to explain why AI will continue to need even more GPU capacity even after last year’s massive build-out.

    Recently, Huang has spoken about the “scaling law,” an observation from OpenAI in 2020 that AI models get better the more data and compute are used when creating them.

    Huang said that DeepSeek’s R1 model points to a new wrinkle in the scaling law that Nvidia calls “Test Time Scaling.” Huang has contended that the next major path to AI improvement is by applying more GPUs to the process of deploying AI, or inference. That allows chatbots to “reason,” or generate a lot of data in the process of thinking through a problem.

    AI models are trained only a few times to create and fine-tune them. But AI models can be called millions of times per month, so using more compute at inference will require more Nvidia chips deployed to customers.

    “The market responded to R1 as in, ‘oh my gosh, AI is finished,’ that AI doesn’t need to do any more computing anymore,” Huang said in a pretaped interview last week. “It’s exactly the opposite.”

    This post appeared first on NBC NEWS

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    US and Ukraine agree terms on natural resources and reconstruction deal: Ukrainian official

    The US and Ukraine have agreed terms on a deal over natural resources and reconstruction, according to a Ukrainian official.

    The source said the deal was agreed after “everything unacceptable was taken out of the text and it is now more clearly spelt out how this agreement will contribute to Ukraine’s security and peace.”

    Ukrainian President Volodymyr Zelensky now plans to travel to Washington, the source added, saying the White House had proposed Friday for a meeting.

    A White House official said that they are “aware” that Zelensky is expected to be in Washington potentially at the end of this week.

    The official said there is no word on if a meeting will happen between Trump and Zelensky.

    This is a developing story. More to come

    This post appeared first on cnn.com

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    Canadian petition to revoke Elon Musk’s citizenship gathers more than 250,000 signatures

    More than 250,000 Canadian citizens and residents have signed a parliamentary petition urging Canada to revoke Elon Musk’s citizenship and passport.

    Musk’s association with US President Donald Trump, who plans to levy a 25% tariff on all Canadian imports next month and who has proposed annexing the country as the 51st state, is “against the national interest of Canada,” the petitioners claim.

    The tech billionaire, a citizen of South African, Canada, and the US, has become one of Trump’s most visible allies since the 47th president began his second term last month.

    “He has used his wealth and power to influence our elections,” the petition claims. “He has now become a member of a foreign government that is attempting to erase Canadian sovereignty.”

    The petition, addressed to Canadian Prime Minister Justin Trudeau, demands that he “revoke Elon Musk’s dual citizenship status, and revoke his Canadian passport effective immediately.”

    Musk, who was born in Pretoria, South Africa, has previously said that he obtained a Canadian passport as a teenager through his mother, Maye Musk, who was born in Canada. The billionaire later obtained US citizenship a decade after arriving in the US on a student visa.

    An electronic parliamentary petition requires the initial support of at least five Canadians, the authorization of a member of parliament, and an initial review before it can start to gather signatures, according to Canada’s House of Commons.

    The petition to revoke Musk’s citizenship is open until June 20, 2025, after which the clerk of petitions will have to certify that at least 500 of its signatures are legitimate. From there, the petition must wait until a new session of parliament opens before it can be presented to the House of Commons for debate.

    Reed, a sci fi author from British Columbia, wrote Monday on social networking site Bluesky that they “never expected this petition to spread so far and so fast.” Reed also underlined to the petition’s growing number of supporters that it was not meant to be a personal attack.

    “To (be) clear, this action I started, and all of you are spreading and growing, isn’t about personal attacks,” Reed wrote, “It’s about ensuring that those who influence global policies and industries know that the people are not okay with their lack of ethical responsibility.”

    Trump’s frequent voicing of his desire to make Canada the “51st state,” has gone as far as mocking Trudeau on social media as the “Governor” of Canada. In early February, Trudeau warned a gathering of private sector executives that Trump’s threat to annex Canada “is a real thing,” according to two business leaders who heard the prime minister’s remarks.

    There are few precedents for citizenship revocation in Canada. Thousands of Japanese Canadians, including citizens, were “effectively denationalized” during World War II and deported back to Japan, according to University of Toronto law professor Audrey Macklin in a 2021 article for the Manitoba Law Review.

    A 2014 law called the Strengthening Canadian Citizenship Act previously included provisions to revoke citizenship if a dual-national Canadian was convicted of “national security offenses.”

    Trudeau promised to repeal the law when he ran for prime minister. By 2017, the denaturalization provisions were removed, and a new law re-nationalized any Canadian stripped of their citizenship on national security grounds.

    This post appeared first on cnn.com

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