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Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF): Stonegate Capital Partners updates their coverage on Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF). Heliostar continued to advance its flagship Ana Paula project in Guerrero as a high-grade underground development asset, now highlighted by a positive PEA released in early 4Q25. The study outlines total recovered production of ~875,000 ounces over a nine-year mine life, with mill feed averaging 5.37 gt gold and a 1,800 tpd underground operation producing roughly 101 koz per year at cash costs of ~US$923oz and AISC of ~US$1,011oz. At US$2,400oz gold, the PEA delivers a post-tax NPV5 of US$426M, a 28% IRR, and a 2.9-year payback, with strong leverage to higher gold prices. Management is progressing engineering, metallurgical work, and a 15,000m drill program to upgrade Inferred resources, extend the High-Grade and Parallel panels, and support a Feasibility Study targeted for mid-2026, with first underground production still expected in 2028.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • PEA shows US$426M NPV5 28 percent IRR US$300M capex about 101 koz per year AISC ~US$1,011 and 2.9 year payback.
  • Quarter revenue was US$26.8M with net income US$1.3M supported by La Colorada and San Agustin operations.
  • Path forward targets a feasibility study by mid 2026 an underground permit amendment in 1Q26 and early works to enable 2028 production.

Click image above to view full announcement.

About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275450

News Provided by Newsfile via QuoteMedia

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Platinum appears to be headed for its first broadly balanced year since 2021, with new projections pointing to a small surplus in 2026 as supply recovers and investment demand retreats from unusually elevated 2025 levels.

The latest Platinum Quarterly from the World Platinum Investment Council (WPIC) shows the market is still firmly set for a deficit in 2025, with a shortfall of 692,000 ounces, equal to roughly 9 percent of annual demand.

However, 2026 may be a turning point where the extreme tightness of recent years begins to ease — not because demand is weakening broadly, but because investment activity is expected to normalize.

Platinum market starting to self-correct

The platinum price has risen sharply in 2025 alongside a strong performance across precious metals, and the WPIC states that higher prices have started to produce early signs of a “self-solving” market.

Recycling volumes, which respond more quickly to price incentives than mining output, are increasing at a double-digit pace and are set to play a larger role in 2026. At the same time, the buildup of exchange warehouse stocks linked to tariff uncertainty in the US is expected to unwind next year if trade frictions ease.

Those trends collectively underpin the WPIC’s baseline forecast for next year: a market moving to near equilibrium, with a small surplus of about 20,000 ounces in 2026.

High lease rates a key feature of 2025

While next year’s platinum surplus looks to be modest, it’s worth noting that physical availability of the metal has tightened to levels rarely seen in modern times. Platinum’s implied one month lease rate averaged 15 percent in the third quarter of the year after sitting at only 1 percent through most of 2024, pointing to spot market stress.

At times in mid-July, lease rates spiked near 40 percent as traders scrambled for metal that was either unavailable in Europe, or locked up in China and the US due to trade-related risk management.

Even if prices have moderated some of the pressure, elevated lease rates remains a defining feature of 2025.

The WPIC maintains that many of the concerns around availability stem from the simple drawdown of physical stocks. Years of persistent deficits reduced vaulted inventories in Europe, undermining assumptions that large, accessible stores of metal would remain available to supplement shortfalls.

Instead, the combination of region-specific demand, US tariff fears and aggressive Chinese imports resulted in metal being redistributed into markets where it could not easily be lent out.

Platinum supply/demand dynamics in 2026

The WPIC expects these pressures to ease next year as supply increases.

Total supply is forecast to rise 4 percent year-on-year in 2026 to 7,404,000 ounces, the highest since 2021.

Mine production is expected to inch higher, mainly because South African producers will be able to release some of the semi-finished inventory they could not process earlier. Zimbabwean output is also anticipated to improve slightly, while declines in North America and Russia are expected to be relatively modest.

More importantly, platinum recycling supply is forecast to grow by 10 percent as a direct result of the stronger price environment and increased processing of spent autocatalysts.

On the flip side, total platinum demand is expected to drop 6 percent to 7,385,000 ounces in 2026, almost entirely because investment flows are set to normalize after an unusually strong 2025.

Investment demand is projected to fall 52 percent as exchange warehouse stocks unwind and investors take profits after this year’s price surge. The WPIC frames this shift not as weakening sentiment, but as a correction from one-off trade and macro conditions that inflated investment inflows last year.

Will the platinum price fall in 2026?

These supply/demand dynamics are expected to produce the narrow surplus projected for 2026.

However, the report emphasizes that market balance will not necessarily translate into lower prices. Spot physical tightness persists, with many structural constraints remaining in place and investors continuing to allocate toward hard assets given interest rate expectations and growing concerns around critical minerals security.

A surplus, but still a fragile market

The WPIC suggests that the 2026 surplus should be viewed as tentative and highly sensitive to disruptions.

Platinum mine supply remains vulnerable to operational and logistical issues, with output from South Africa and Russia being exposed to infrastructure pressure, equipment shortages and grade declines.

Moreover, the Section 232 US trade investigation is adding to the uncertainty. Delayed by the extended government shutdown, the review has been seen as a major driver of exchange warehouse inflows in 2025.

The outcome will shape how quickly those stocks return to the market, and whether regional price differentials persist into 2026, especially after China revoked its longstanding tax rebate on imported platinum this year.

Taken together, the WPIC’s outlook for 2026 portrays a market that is no longer defined by scarcity, but not yet comfortably supplied. After years of sizable deficits, a small surplus could dampen opportunities, but tightness in physical availability and the role of trade politics in shaping the market may still support the price.

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

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Amazing AI plc (AQSE: AAI) – 20 November 2025: AAI is a global fintech group with a Digital Asset Treasury Policy that provides online consumer loans and AI finance-related services. AAI announces that the Company is exploring its options to dual list on the Mauritius Stock Exchange and OTCQB Market in the US and will provide updates to the market should applications proceed accordingly.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Amazing AI plc

Paul Mathieson – Chief Executive Officer

aai@amazingaiplc.com

Guild Financial Advisory Limited (Corporate Adviser)

Ross Andrews

ross.andrews@guildfin.co.uk

Evangeline Klaassen

evangeline.klaassen@guildfin.co.uk

About Amazing AI plc

Amazing AI plc (AAI) is a global fintech group with a diversified Digital Asset Treasury Policy, that provides online consumer loans and AI finance-related services. AAI leverages its regulated licensed lending and collections operations, experience and network to distribute best-of-breed AI finance-related services internationally, specifically focused on lending, collections and debt financing services. AAI operates under the consumer brand Mr. Amazing Loans in the United States with 6 state consumer lending licenses/certificates of authority and an established track-record of lending, collections and regulatory compliance for over 15 years.

For more information please visit: www.amazingaiplc.com and www.aquis.eu/companies/aai

Important Notices

Amazing AI plc (the ‘Company’), via its 100% owned Mauritius subsidiary Amazing AI Services Ltd, holds treasury reserves and surplus cash in digital assets. Whilst the Board of Directors of the Company considers holding digital assets to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the ‘Financial Conduct Authority’ or ‘FCA’) considers investment in digital assets to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in digital assets, either directly or by proxy. However, the Board of Directors of the Company consider digital assets to be an appropriate store of value and growth for the Company’s reserves and, accordingly, the Company is materially exposed to digital assets. Such an approach is innovative, and the Board of Directors of the Company wish to be clear and transparent with prospective and actual investors in the Company on the Company’s position in this regard.

The Company is neither authorised nor regulated by the FCA and digital assets are unregulated in the UK. As with most other investments, the value of digital assets can go down as well as up, and therefore the value of digital asset holdings can fluctuate. The Company may not be able to realise any future digital asset exposure for the same as it paid in the first place or even for the value the Company ascribes to digital asset positions due to these market movements. As digital assets are unregulated, the Company is not protected by the UK’s Financial Ombudsman Service or the Financial Services Compensation Scheme.

Nevertheless, the Board of Directors of the Company has taken the decision to invest in digital assets, and in doing so is mindful of the special risks digital assets presents to the Company’s financial position. These risks include (but are not limited to): (i) the value of digital assets can be highly volatile, with value dropping as quickly as it can rise. Investors in digital assets must be prepared to lose all money invested in digital assets; (ii) the digital assets market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell digital assets at will. The ability to sell digital assets depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) digital assets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which can lead to theft of holdings or ransom demands. The Board of Directors of the Company does not subscribe to such a negative view, especially in relation to digital assets. However, prospective investors in the Company are encouraged to do their own research before investing.

Caution Regarding Forward Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as ‘anticipates,’ ‘expects,’ ‘intends,’ ‘plans,’ ‘believes,’ ‘seeks,’ ‘estimates,’ and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

Source

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A First Nation-owned mining project in Northern Manitoba is drawing national attention after new assessments suggest it could become a major North American source of magnesium.

Norway House took full ownership of the Minago nickel property in November 2024, and has since rebranded it as a critical minerals project after discovering large quantities of magnesium and platinum-group metals.

“Instead of a nickel project, we found out that we had a treasure chest of all sorts of critical minerals and very obscure minerals that really makes the project much more valuable, and unbelievably more attractive to produce,” Jim Rondeau, the community’s major projects director and a former Manitoba cabinet minister, told CBC.

In focus is a 60 meter band of dolomite rock containing what Rondeau described as a significant concentration of pure magnesium. In his view, the site could “rival the Ring of Fire in Ontario.”

“We could be producing all of the magnesium for Canada and the US for generations,” he added.

Magnesium, which is listed as a critical mineral in Canada, is prized for its use in aluminum alloys for automobiles, machinery and advanced manufacturing. It also has roles in aerospace and clean energy applications.

Norway House estimates production could begin by 2027, but reaching that point will require an investment of roughly C$1.3 billion. Based on a 2011 assessment, Rondeau said the mine has the potential to produce more than C$20 billion a year, and he believes that number could climb dramatically with the newly identified platinum-group metals.

Still, he emphasized the project cannot move ahead without support. Norway House has asked the federal government for about C$110 million and the province for roughly C$60 million to cover infrastructure and skills training.

To date, provincial support has been limited. Manitoba has provided C$50,000 from its mineral development fund for magnesium testing, along with ongoing non-financial assistance on permitting and quarry licensing.

Magnesium production is heavily centered in China, which currently supplies approximately 85 percent of the world’s demand. This concentration exposes North American manufacturers to price volatility and geopolitical risk.

West High Yield secures Record Ridge approval

While Manitoba’s Minago project is currently capturing national attention, BC has quietly emerged as another potential frontier for magnesium-mining activity in North America.

In October, West High Yield Resources (TSXV:WHY,OTC Pink:WHYRF) received final approval from BC’s Ministry of Mining and Critical Minerals to develop and operate its Record Ridge industrial minerals mine near Rossland.

The provincial Mines Act Permit allows construction and operations after extensive environmental assessments and consultations with Indigenous and local communities.

The project will focus on magnesium, but the site also contains silica, nickel and iron.

The company’s long-term goal is to establish Canada’s first magnesium-refining plant.

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

This post appeared first on investingnews.com

MP Materials (NYSE:MP) and the US Department of Defense have entered into a joint venture with Saudi Arabia’s Maaden to build a rare earths refinery in the Kingdom, marking the first major project under a new US-Saudi critical minerals cooperation framework signed in Washington this week.

The binding agreement gives both the US and MP a collective 49 percent stake in the refinery.

Maaden will hold not less than 51 percent, and the refinery will be built in Saudi Arabia, where it will process feedstock from both local deposits and international sources. Once operational, it will produce separated light and heavy rare earth oxides for customers in the US, Saudi Arabia and allied countries.

Rare earths are essential for the production of weapons systems, electric vehicles, renewable energy technologies and high-performance electronics. Secure supply has become increasingly important due to China’s sector dominance.

James Litinsky, MP’s founder and CEO, said the company views the partnership as an extension of its strategic role in Washington’s efforts to diversify global supply chains. “We are honored that the U.S. government asked MP to partner on a project of this magnitude and importance for America and its allies,” he said.

Maaden CEO Bob Wilt said the project fits squarely within the Kingdom’s national mining and industrial strategy.

“This JV is a significant step forward in the development of this important global sector, underpinned by the support of Saudi Arabia’s Ministry of Energy and the Ministry of Industry and Mineral Resources,” Wilt noted.

The joint venture was negotiated under a critical minerals framework signed by senior US and Saudi officials this week. The document is intended to formalize cooperation on rare earths, battery metals and other strategic inputs.

For Washington, the initiative reflects an effort to reshape supply chains away from geopolitical competitors. For Riyadh, it supports a long-term plan to leverage energy resources and expand its footprint in high-tech materials markets.

Financially, the deal is structured to be light in capital for MP.

The Department of Defense will fund the entire US contribution to the venture on a non-recourse basis, allowing MP to deploy technical expertise in separation and refining without taking on debt tied to the refinery’s construction.

The Saudi venture also connects to MP’s growing public-private alignment with the US defense sector.

In July, the company and the Department of Defense announced a multibillion-dollar partnership to accelerate the buildout of a domestic rare earth magnet supply chain. Under the partnership, MP is also constructing a second magnet manufacturing facility known as the 10X Facility, which is expected to begin commissioning in 2028.

When completed, MP’s total US magnet output will reach roughly 10,000 metric tons annually.

Beyond government partnerships, MP has also moved into large-scale commercial magnet supply. Also in July, Apple (NASDAQ:AAPL) and MP announced a US$500 million long-term agreement that will supply Apple with magnets manufactured in the US using 100 percent recycled rare earths feedstock.

Under the arrangement, MP will expand its Fort Worth, Texas, Independence factory to produce components for hundreds of millions of Apple devices starting in 2027. Apple and MP spent nearly five years jointly developing recycling techniques to meet the company’s performance and design requirements.

MP will add a dedicated recycling line at Mountain Pass to support commercial scale as magnet production ramps.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (November 21) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$83,590.70, down by 10.4 percent over 24 hours. Its lowest price of the day was US$81,868.75 and its highest was US$91,971.75.

Bitcoin price performance, November 21, 2025.

Chart via TradingView.

Bitcoin’s slide continues as it heads for its worst month since the 2022 crypto crash.

The largest cryptocurrency fell and touched US$81,000 on Friday before recovering to around US$84,166, extending a monthly decline of about 23 percent that marks its heaviest drop since June 2022.

Despite pro-crypto messaging from the Trump administration and a year of strong institutional adoption, Bitcoin has now fallen more than 30 percent from its early-October record high.

The downturn accelerated following the massive October 10 liquidation event that erased US$19 billion in leveraged positions and wiped roughly US$1.5 trillion from the combined value of all cryptocurrencies.

Institutional flows reflect the same caution. US-listed Bitcoin ETFs have recorded a record US$3.79 billion in outflows this month, surpassing February’s previous high, with BlackRock’s IBIT alone seeing more than US$2 billion in redemptions.

In total, about US$1.2 trillion has been wiped from crypto markets over the past six weeks, according to CoinGecko data.

Ether (ETH) was at US$2,736.63, down 11.2 percent over 24 hours. Its lowest price on Friday was US$2,675.70 and its highest was US$3,033.20.

Altcoin price update

  • XRP (XRP) was priced at US$1.94, down by 12.2 percent over 24 hours. Its lowest price of the period was US$1.86 and its highest was US$2.13.
  • Solana (SOL) was trading at US$128, down by 13 percent over 24 hours. Its lowest price of the day was US$123.30 and its highest was US$141.97.

Fear and Greed Index snapshot

As of Friday, CMC’s Crypto Fear & Greed Index has plunged to 11, firmly in “extreme fear” and its lowest level since late 2022.

Reports of large-scale whale liquidations have added to the uncertainty, amplifying pressure across an already fragile market. Further, traders brace for potential Federal Reserve inaction on rate cuts. CME’s FedWatch now shows only 37.6 percent expecting a 25-basis-point cut in December, while more than 62 percent anticipate no change, a reversal from near-even odds just a week ago.

Prediction market Polymarket reflects the same trend, pricing a 63 percent chance of no move after sentiment flipped late Tuesday.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Bitcoin logs weakest month since 2022

Bitcoin is heading for its steepest monthly decline since the wave of corporate failures that hit the crypto sector in 2022, with the token sliding below US$82,000 on Friday.

Its November losses have now reached roughly 25 percent, reversing much of the momentum that carried prices to record highs in early October.

Overall, data from CoinGecko shows the total crypto market value dipping back under US$3 trillion as Ether and mid-cap tokens recorded similar double-digit declines.

Analysts link the downturn to cascading liquidations that began on October 10, when nearly US$19 billion in leveraged bets were wiped out in a single session. Selling pressure intensified again this week with a two-day liquidation tally topping US$2 billion, according to CoinGlass.

Long-dormant whale activity has added to uncertainty after a wallet holding Bitcoin since 2011 unloaded more than US$1.3 billion in late October.

S&P stocks shed US$2.7 trillion

A sharp pullback across US equities sparked another wave of risk-off trading in crypto, sending Bitcoin to its weakest level in seven months.

The S&P 500’s nearly 4 percent decline on Thursday erased more than US$2.7 trillion in market value, according to Bloomberg calculations, overshadowing an earlier bounce driven by enthusiasm around AI-linked earnings.

Crypto assets fell in tandem, with Bitcoin briefly revisiting the US$85,000 range and total liquidations surpassing US$800 million for the day.

Coinbase rolls out Ether-backed loans

Coinbase has launched a new lending feature that allows eligible US users to borrow up to US$1 million in USDC by using Ether as collateral.

The product is integrated with the Morpho protocol on Base, though users interact with it entirely through Coinbase’s interface. Borrowers keep exposure to ETH’s price movements while accessing liquidity without having to sell their holdings.

The company says the service is available across most US states, with the exception of New York due to regulatory requirements.

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

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

This post appeared first on investingnews.com

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    This week, the stock market displayed a mixed performance amid ongoing uncertainty about artificial intelligence (AI) company valuations and policy decisions from the US Federal Reserve.

    On Monday (November 17), both the S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) fell below their 50 day moving averages for the first time since late April, a significant technical breakdown. The Dow Jones Industrial Average (INDEXDJX:.DJI) also closed below this important threshold for the first time since October 10.

    Tuesday (November 18) saw continued volatility and some attempted stabilization attempts, but market participants remained cautious. Heavyweight tech and chip stocks were down ahead of NVIDIA’s (NASDAQ:NVDA) earnings call on Wednesday (November 19), but a global relief rally followed the firm’s upbeat earnings report and raised Q4 guidance. However, enthusiasm was short-lived, with markets pulling back on midday Thursday (November 20) after September US jobs numbers temporarily dashed hopes of a December interest rate cut from the Fed.

    Comments made at the Bloomberg New Economy Forum further contributed to market caution, with Goldman Sachs (NYSE:GS) President John Waldron warning that markets could still face further declines.

    In contrast, former Barclays (NYSE:BCS) CEO Bob Diamond offered a more optimistic view, calling the recent selloff a “healthy correction” rather than the start of a bear market.

    Later on Thursday and into Friday (November 21), the odds of a December rate cut rose again as Fed officials, including San Francisco Fed President Mary Daly and New York Fed President John Williams, signaled concerns about slowing economic growth and a cooling labor market. Markets surged on the back of the news to end the trading day sharply higher after a volatile week that saw all three major indexes post losses.

    This renewed optimism quelled some selling pressure going into the weekend, although investor caution around AI valuations and Fed policy remains prevalent.

    3 tech stocks moving markets this week

    1. NVIDIA (NASDAQ:NVDA)

    NVIDIA reported stronger-than-expected Q3 earnings with revenue of US$57 billion, beating expectations of US$55 billion, and earnings per share of US$1.30 versus the predicted US$1.25. The company also offered an optimistic Q4 revenue forecast of US$65 billion, surpassing analysts’ expectations of US$62 billion.

    However, he also noted that the sustainability of this growth depends on continued investor confidence.

    He warned that, similar to past tech bubbles like the dot-com era, AI companies today may be overvalued, with expectations currently outpacing reality. Murillo cautioned that while AI is making breakthroughs, its practical applications are still limited, and there is risk that an AI bubble could burst, impacting even large tech giants.

    Despite recent share price declines amid debates of an AI bubble, CEO Jensen Huang reassured investors, stating, “There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different.”

    After a midweek gain of over 5 percent due to its earnings report, NVIDIA posted a weekly loss of 3.79 percent.

    2. Alphabet (NASDAQ:GOOGL)

    Alphabet rallied in early trading on Monday after Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK,B) disclosed a US$4.3 billion stake in the company and reduced its stake in Apple (NASDAQ:AAPL). Alphabet then released Gemini 3 on Tuesday. The updated AI model has enhanced reasoning, coding and multimedia, alongside Antigravity, a Gemini-powered coding platform, and Nano Banana Pro, its latest detailed image-generation model.

    The week’s momentum was further fueled by reports that Google is on the verge of securing a US$1 billion annual deal with Apple to power the next-generation Siri, underscoring its dominant AI position across rival platforms.

    The company ended the week 4.86 percent higher.

    3. Apple (NASDAQ:AAPL)

    Apple was the steady pillar of tech resilience this week.

    With no obvious catalyst driving its price action this week, the company has maintained gains and investor interest following the strong earnings and product launches from earlier weeks.

    Consistency speaks to Apple’s enduring market strength and the confidence investors have in its long-term growth trajectory as it integrates AI across its product and services ecosystem.

    The company posted a modest advance of 0.99 percent for the week.

    NVIDIA, Alphabet and Apple performance, November 17 to 21, 2025.

    Chart via Google Finance.

    Top tech news of the week

              Tech ETF performance

              Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

              This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 5.28 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly loss of 5.14 percent.

              The VanEck Semiconductor ETF (NASDAQ:SMH) decreased by 4.63 percent.

              Tech news to watch next week

              With fewer major tech earnings reports expected next week, market focus will likely shift to key economic data releases. Dell Technologies (NYSE:DELL) will deliver its Q3 results on November 25.

              Analysts predict earnings of around US$2.48 per share, representing approximately 15 percent year-on-year growth. Revenue estimates hover around US$27.29 billion, suggesting nearly 12 percent annual growth.

              Important economic reports include the US Consumer Confidence Index on November 25 and the Personal Consumption Expenditures price index on November 26.

              US markets will close on November 27 for Thanksgiving and have a shortened session on November 28. November 28 will also bring Canada’s Q3 GDP release.

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

              This post appeared first on investingnews.com

              The gold price remained fairly steady this week after last week’s brief uptick, largely trading between US$4,000 and US$4,100 per ounce.

              As is often the case, its sister metal silver was more volatile, jumping briefly above the US$52 per ounce level midway through the period.

              The precious metals faced some pressure on Thursday (November 20) after the release of September US jobs data. The Department of Labor report, which was delayed due to the government shutdown, came in stronger than expected, with nonfarm payrolls increasing by 119,000 for the month — more than double the gain of 50,000 estimated by analysts.

              The jobs numbers have dampened expectations that the US Federal Reserve will cut interest rates at its December meeting, as have minutes from the central bank’s latest meeting.

              ‘This (data) essentially confirms what the Fed discussed in October — a slowing yet stable jobs market. A December rate cut now appears increasingly unlikely’ — Peter Grant, Zaner Metals

              The minutes highlight the divide among Fed officials, who were not all in favor of October’s rate reduction. They also state that while ‘several participants’ believe lowering rates could be appropriate next month, ‘many’ want to leave rates unchanged.

              Fed Chair Jerome Powell said previously that a December cut isn’t a ‘foregone conclusion.’

              Aside from that, the minutes indicate broad approval for the end of quantitative tightening (QT) on December 1. Adrian Day of Adrian Day Asset Management highlighted the end of QT in our recent interview, saying that he sees a potential transition to quantitative easing ahead.

              Bullet briefing — Barrick faces turmoil, MP does Saudi refinery deal

              Barrick Mining faces more turmoil

              Turmoil continued for gold and copper producer Barrick Mining (TSX:ABX,NYSE:B) this week after a series of company developments made headlines.

              First, Reuters reported that Barrick’s board is considering splitting the company into two different entities: one focused on North America, and the other on Africa and Asia.

              Four sources familiar with the firm’s thinking told the news outlet that Barrick’s African assets could also be sold outright, as could the Pakistan-based Reko Diq mine — essentially undoing Barrick’s 2019 merger with Africa-focused Randgold Resources.

              Barrick didn’t respond to requests for comment, but later in the week news hit that activist investor firm Elliott Investment Management has taken a ‘large stake’ in Barrick.

              Sources told the Financial Times that Elliott is now among Barrick’s 10 top investors, meaning its stake is worth at least US$700 million. Elliott hasn’t shared information about what it would like Barrick to do, but is reportedly ‘encouraged’ by the idea of breaking the company in two.

              Barrick has faced numerous headwinds recently, including the seizure of a key gold mine in Mali and the departure of CEO Mark Bristow. Bristow, who took the helm at Barrick after it joined forces with Randgold, abruptly stepped down in September after facing criticism.

              Although shares of Barrick are up close to 130 percent year-to-date, the company has underperformed compared to its peers in the gold space.

              Bristow is not the only person to leave Barrick lately — the last piece of news about the company this week is that two senior managers and a top executive have departed. CEO Mark Hill announced the changes in a memo seen by Bloomberg, saying the company is looking to evolve its operating model so that it’s in line with strategic priorities.

              MP’s latest rare earths deal

              Rare earths miner MP Materials (NYSE:MP) and the US Department of Defense are teaming up on a strategic joint venture with Saudi Arabian Mining Company (Maaden).

              The deal, which will see the three entities collaborate on a Saudi Arabian rare earths refinery, comes after the US and Saudi Arabia signed a strategic framework on securing critical supply chains. The refinery will process rare earths feedstock from Saudi Arabia and elsewhere, and will be able to produce both light and heavy rare earths.

              Under the Trump administration, the US has ramped up efforts to break China’s rare earths dominance, boosting relationship with MP Materials in the process — in July, the defense department agreed to buy US$400 million worth of preferred stock in the company, a move that MP called a ‘transformational public-private partnership.’

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

              This post appeared first on investingnews.com

              Statistics Canada released October’s consumer price index (CPI) data on Monday (November 17). The figures showed that inflation softened during the month, falling to 2.2 percent year-over-year from 2.4 percent in September.

              The agency cited a 9.4 percent decrease in gasoline prices as the main contributing factor, following a 4.1 percent decrease the previous month. However, less gasoline prices, CPI actually rose by 2.6 percent in both October and September.

              Statistics Canada also noted slowing grocery prices, reporting a 3.4 percent year-over-year increase in October compared to the 4 percent recorded in September. Additionally, October saw the largest month-on-month drop in grocery prices since September 2020 at 0.6 percent.

              On Thursday (November 20), StatsCan released September’s monthly mineral production survey.

              The data shows that gold production declined month-over-month, while copper and silver output increased.

              Gold production fell to 16,978 kilograms compared to 17,651 kilograms in August. Meanwhile, copper production rose significantly to 36.23 million kilograms from 30.47 million, and silver production jumped to 28,384 kilograms from 24,801 kilograms.

              Shipments, however, increased broadly in September. Gold shipments rose to 19,025 kilograms from 16,289 kilograms in August, and silver shipments jumped to 33,296 kilograms from 25,636. Copper shipments increased the most, spiking to 44.04 million kilograms from 27 million.

              For more on what’s moving markets this week, check out our top market news round-up.

              Markets and commodities react

              Canadian equity markets were in retreat this week.

              The S&P/TSX Composite Index (INDEXTSI:OSPTX) was flat, gaining just 0.19 percent over the week to close Friday (November 21) at 30,160.65.

              Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) lost 1.3 percent to 854.76. The CSE Composite Index (CSE:CSECOMP) had another bad week, dropping 3.44 percent to close at 145.59.

              The gold price fell 0.43 percent to US$4,065.32 by 4:00 p.m. EST Friday. The silver price fared worse, dropping 1.07 percent to US$50.02.

              Meanwhile, in base metals, the COMEX copper price ended the week down 0.3 at US$5.07 per pound.

              The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) dropped 2.01 percent to end Friday at 546.41.

              Top Canadian mining stocks this week

              How did mining stocks perform against this backdrop?

              Take a look at this week’s five best-performing Canadian mining stocks below.

              Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

              1. Sigma Lithium (TSXV:SGML)

              Weekly gain: 64.01 percent
              Market cap: C$1.48 billion
              Share price: C$13.67

              Sigma Lithium is a lithium mining company advancing its Grota do Cirilo operation in Minas Gerais, Brazil.

              Operations at the Greentech processing facility were commissioned in 2023, with an annual nameplate capacity of 270,000 metric tons of lithium oxide concentrate. The company is currently constructing its Phase 2 expansion that will more than double that capacity.

              In its third-quarter results released on November 14, Sigma reported that net revenue increased to US$28.5 million, 69 percent higher than Q2 and 36 percent higher than the same period in 2024.

              The report also stated that Sigma upgraded its mining operations in Q3 with the goal of reaching the plant’s full capacity of 300,000 metric tons in 2026. As part of this process, Sigma is doubling its mining fleet. The company expects production to resume by the end of November, with full operational capacity expected in Q1 2026.

              The report boosted Sigma’s share price, as did climbing lithium prices, which have gained more than 10 percent in November and more than 50 percent since bottoming out in June.

              2. Li-FT Power (TSXV:LIFT)

              Weekly gain: 52.63 percent
              Market cap: C$201.24 million
              Share price: C$4.35

              Li-FT is a lithium exploration company advancing its flagship Yellowknife lithium project in the Northwest Territories, Canada.

              The 1,843 hectare property, located east of the city of Yellowknife, hosts 13 spodumene-bearing pegmatites. Its current combined inferred resource estimate across eight of those pegmatites stands at 50.38 million metric tons of ore grading 1 percent lithium oxide for 1.25 million metric tons of lithium carbonate equivalent (LCE).

              The company also owns the Cali project in the Northwest Territories, and the Pontax, Rupert and Moyenne projects in the Eeyou Istchee James Bay region of Québec, Canada.

              On Tuesday, Li-FT filed a final base shelf prospectus to replace the previous prospectus that expired on October 21. The company said the new filing will permit it to offer common shares, warrants, subscription receipts, units or debt securities up to a total of C$200 million until it expires in December 2027.

              Li-FT also said it was changing its financial year-end from November 30 to December 31 to better align with the timing of the company’s financial reporting and with its peers.

              The company is another lithium stock benefiting significantly from rising lithium prices this week.

              3. LithiumBank Resources (TSXV:LBNK)

              Weekly gain: 45.59 percent
              Market cap: C$32.45 billion
              Share price: C$0.50

              LithiumBank is a lithium exploration and development company advancing its Boardwalk and Park Place lithium brine projects in Alberta, Canada, both of which overlap with the Leduc and Swan Hills formations.

              Boardwalk consists of 395,369 acres of brine-hosted licenses about 85 kilometers east of Grand Prairie in an area with a history of hydrocarbon extraction.

              According to Boardwalk’s mineral resource estimate from a February 2025 technical report, the project hosts a measured resource of 1.67 million metric tons of LCE with an average grade of 81.2 milligrams per liter (mg/L), and an indicated resource of 3.52 million metric tons of LCE with an average grade of 81.8 mg/L, all within the Leduc formation.

              Park Place, located 50 kilometers south of Boardwalk, consists of 1.4 million acres of licenses. A June 2024 mineral resource estimate demonstrated an inferred resource of 10.08 million metric tons LCE with a grade of 79.4 mg/L at the Leduc aquifer, and 11.6 million metric tons of LCE with an average grade of 80.9 mg/l at the Swan Hills aquifer.

              The most recent news from the company came on Thursday, when LithiumBank reported that, following its award of C$3.9 million in funding for certain milestones through Alberta’s Emission Reduction Act in July, it is working to acquire a second past-producing well at Boardwalk.

              LithiumBank is focused on commencing near-term production at Boardwalk using modular direct lithium extraction plants, which the company said it believes this second well can likely support.

              Rising lithium prices also helped support LithiumBank this week.

              4. Abcourt Mines (TSXV:ABI)

              Weekly gain: 41.67 percent
              Market cap: C$72.45 million
              Share price: C$0.085

              Abcourt Mines is a gold mining and development company focused on ramping up operations at its Sleeping Giant gold mine in the Abitibi region of Québec.

              Sleeping Giant hosts an underground mine along with a mill capable of processing 750 metric tons per day. The property consists of four mining leases covering an area of 458 hectares and 69 claims.

              A July 2023 preliminary economic assessment demonstrates an after-tax net present value of US$77.5 million with an internal rate of return of 33.3 percent over a payback period of 2.2 years.

              The company has been working on restarting mining operations at the site throughout 2025, and achieved its first gold pour in September.

              The most recent news came on November 11, when the company released an update from Sleeping Giant. In the announcement, the company stated that in October it had milled 2,563 metric tons of ore with a head grade of 6 grams per metric ton of gold, producing 475 ounces of gold.

              Abcourt also said progress at the site was continuing with one stope in production and two more under development. Additionally, civil engineering was underway at the tailings facilities in preparation for a planned lift in summer 2026.

              5. Pure Energy Minerals (TSXV:PE)

              Weekly gain: 38.1 percent
              Market cap: C$10.19 million
              Share price: C$0.29

              Pure Energy is a lithium exploration company that owns a 3 percent net smelter return (NSR) on the Clayton Valley lithium brine project in Nevada, United States.

              The project consists of 950 placer claims covering 9,450 hectares. In September 2024, Pure Energy announced that its project partner, SLB, had completed an earn-in to acquire a 100 percent stake in Clayton Valley, leaving Pure Energy with its NSR.

              Through 2023 and into 2024, SLB completed construction of a direct lithium extraction pilot plant at the site, with the first lithium production occurring in March 2024.

              This Thursday, Pure Energy released its management discussion and analysis for the quarter ending September 30, 2025. In the report, the company restated its position in Clayton Valley, noting that it is receiving annual payments of US$400,000 from SLB until commercial production, after which time it will receive its 3 percent NSR on minerals produced.

              Pure Energy’s share price increased significantly this week alongside rising lithium prices.

              FAQs for Canadian mining stocks

              What is the difference between the TSX and TSXV?

              The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

              How many mining companies are listed on the TSX and TSXV?

              As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

              Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

              How much does it cost to list on the TSXV?

              There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

              The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

              These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

              How do you trade on the TSXV?

              Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

              Article by Dean Belder; FAQs by Lauren Kelly.

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

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

              This post appeared first on investingnews.com

              U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there is still plenty of room to run in the artificial intelligence boom that has powered markets higher for much of the year.

              Prior to the opening bell, bets on the S&P 500 were up about 1%, while the tech-heavy Nasdaq climbed 1.5%.

              Late Wednesday, Nvidia said sales of its trademark Blackwell AI chips ‘are off the charts,’ while another set of key computer processing units is ‘sold out,” founder and CEO Jensen Huang said in a statement.

              On a call with investors following the report, Huang dismissed concerns about an AI bubble.

              “There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different,” Huang said.

              Dan Ives, managing director at Wedbush Securities finanical group, echoed that sentiment.

              “This was a golden quarter for Nvidia with demand massive and well above Street whisper numbers,’ Ives said in an email. ‘These numbers validate the AI Revolution is still early days and send the bears back into hibernation mode.’

              Shares of the world’s most valuable company were up more than 4% in after-hours trading.

              Nvidia’s chips have been the catalysts for a massive build-out of data centers that have supplied a backbone to the U.S. economy amid slowdowns elsewhere. More money is flowing into building data centers than all other manufacturing facility types combined, according to the research group S&P Global.

              Until recently, that spending has also powered major stock indexes to record highs.

              Lately, however, stocks have shown signs of wobbling lately. The declines in share prices — led by tech companies — have sparked debates about whether AI-driven gains are beginning to slow.

              This raises a bigger question: how the broader economy will perform if it no longer benefits from all the wealth the AI boom is creating.

              Nvidia’s latest earnings are likely to allay these fears, for now at least.

              Huang said last month that his company had $500 billion in orders for its chips, for 2025 and 2026 combined.

              “This is how much business is on the books. Half a trillion dollars’ worth so far,” Huang said at a conference in Washington, D.C.

              Alongside broader concerns about the state of the U.S. economy, stock market momentum has been tripped up by worries about circular dealing among AI’s biggest players. This means the same money is being passed back and forth between several companies — even as each company’s individual value climbs.

              Nvidia is a fixture in the kinds of deals that are raising concerns. It recently announced a commitment alongside Microsoft to fund AI software provider Anthropic with $10 billion.

              Nvidia CEO Jensen Huang during the Live Keynote Pregame of the Nvidia GPU Technology Conference in Washington on Oct. 28.Jim Watson / AFP – Getty Images file

              This kind of big collaboration news would typically boost the stock prices of all the companies involved. But neither Nvidia’s nor Microsoft’s stock got a boost from the Anthropic announcement.

              Analysts with Deutsche Bank said this is a sign of the ongoing investor wariness about deals like this.

              “It goes to show how sentiment has turned more negative in the last few weeks, with the circular AI deals being treated with increasing caution as the conversation around a potential bubble has gathered pace,” they wrote in a note published Wednesday.

              The Nvidia headquarters, in Santa Clara, Calif., on May 21, 2024.Justin Sullivan / Getty Images file

              The question now is whether the latest market hiccups represent a temporary pullback, or the onset of a more permanent state of affairs.

              For the experts who are cautiously optimistic that the market will continue to climb, Nvidia’s massive haul serves to validate their rosy outlook.

              “We think the investment boom has room to run,” Goldman Sachs researchers wrote in a note published Wednesday, adding that the economy writ large has remained resilient, something that should provide ongoing support to stock returns.

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