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  • Is this Bounce a Robust Rebound or a Dead-Cat Bounce?

    Is this Bounce a Robust Rebound or a Dead-Cat Bounce?

    Breadth became oversold last week and stocks rebounded this week. Is this a robust rebound or a dead cat bounce? Today’s report will show a key short-term breadth indicator hitting its lowest level in 2024 and becoming oversold. A rebound is in place, but it is still too early to call this a robust rebound and we will show the critical level to watch.

    Short-term breadth indicators, such as the percentage of stocks above their 50-day SMAs, are well-suited to identify oversold setups. For example, SPX %Above 50-day SMA fluctuates between 0 and 100%, and becomes oversold with a move below 20%. Such a move signals excessive downside participation that can foreshadow a bounce in SPY. The chart below shows this indicator in the top window and SPY in the lower window. The pink shadings mark oversold periods. There were three in 2022, three in 2023 and just one in 2024, which is a testament to the strong bull market this year.

    Oversold is a double-edged sword. While oversold conditions increase the chances for a bounce, an indicator can become oversold and remain oversold. Keep in mind that oversold conditions materialize after strong selling pressure. Stocks were hit hard and often need some time to stabilize before a successful rebound. On the chart above, we can see oversold conditions lasting 4-5 weeks on three occasions. We can also see double dips as the indicator bounced and then dipped back below 20% (pink arrows).

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    When does an oversold bounce go from a dead cat bounce to a robust rebound? When there is a material increase in upside participation. A move above 50% means the cup is half full for short-term trends. I add a little buffer to this threshold by requiring a move above 60%. This ensures that most stocks are recovering, increasing the chances for a robust rebound. The blue dashed lines on the chart below show these signals.

    Signals within bull markets usually work better than signals within bear markets. There were two signals in 2022, which was a bear market period. Price extended higher after these bounces, but the bounces were relatively short-lived as the bear market reasserted control. The bull signal in April 2023 proved timely, as did the bull signal in mid November 2023.

    Looking at the current situation, SPX %Above 50-day became oversold with a dip below 20% last week and moved back above 30% this week. Further strength above 60% is needed to show a material increase in upside participation. Given the propensity for double dips, I would also be on guard for another dip below 20%.

    We will next look at another short-term breadth indicator for setups and signals. This indicator is more sensitive than SPX %Above 50-day, which can generate timelier signals. This section continues for Chart Trader subscribers. 

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  • Quantum Computing Stocks: Why You Should Invest in Them Now

    Quantum Computing Stocks: Why You Should Invest in Them Now

    Qubits, quantum advantage, gate speed — these terms could one day be as ubiquitous as AI or large language model (LLM). Quantum computing could become the next big thing in the technology space and, as an investor, it’s something you don’t want to ignore. Some companies, Alphabet Inc. (GOOGL) and Amazon.com, Inc. (AMZN) to name a few, have already dipped their toes in the quantum computing world.

    While it may be many years before quantum computing is adopted into the mainstream, investors should take notice now. Some quantum computing stocks and exchange-traded funds (ETFs) are seeing their prices rise and, at their current price levels, it’s worth paying attention to their charts.

    When reviewing the StockCharts Technical Rank (SCTR) Reports Dashboard panel on Thursday, December 26, we can see that at least four quantum computing stocks made it to the Small Cap, Top 10 category. This makes it worth analyzing their charts.

    FIGURE 1. QUANTUM COMPUTING STOCKS ARE GETTING STRONG. The Small-Cap, Top 10 displayed four quantum computing stocks with high SCTR scores.Image source: StockCharts.com. For educational purposes.

    All four stocks — Quantum Computing (QUBT), Rigetti Computing, Inc. (RGTI), Quantum Corp. (QMCO), and D-Wave Quantum Inc. (QBTS) displayed upside momentum in October/November (see chart below). The SCTR score for all four stocks is close to 100, their 21-day exponential moving average (EMA) and 50-day SMA are trending higher, and the 200-day SMA is flat to slightly higher.

    FIGURE 2. QUANTUM COMPUTING STOCKS. All four stocks are displaying similar price action. They’re all trending higher, have strong SCTR scores, and display bullish momentum.Image source: StockChartsACP. For educational purposes.

    Overall, these stocks look ripe for a bull run and the price levels are attractive. The percentage price oscillator (PPO) in the lower panel shows momentum favors the bulls. Quantum Computing Inc. (QUBT) has pulled back slightly, whereas Rigetti Computing, Inc. (RGTI), Quantum Corp. (QMCO), and D-Wave Quantum, Inc. (QBTS) are at all-time highs.

    If you want to gain broader exposure to the quantum computing segment, the Defiance Quantum ETF (QTUM) invests in quantum computing and technology companies. The Symbol Summary page provides more details about the ETF.

    The daily chart of QTUM below is similar to the charts of the individual stocks above.

    FIGURE 3. DAILY CHART OF DEFIANCE QUANTUM ETF (QTUM). This chart is similar to the individual quantum computing stocks in Fig 2. The advantage of investing in the ETF is it gives you exposure to more than one stock and other cutting-edge technology stocks.Chart source: StockCharts.com. For educational purposes.

    The Game Plan

    Watch for a pullback toward the 21-day EMA or the most recent low, whichever is higher. A reversal from a support level with follow-through would be an opportune time to enter a long position. It’s worth creating a ChartList of quantum computing stocks so you can revisit these charts frequently.

    So at your New Year’s Eve party, if someone mentions the words qubit and gate speed, at least you’ll know they’re talking about quantum computing.

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

  • Spearmint Announces Arrangements to Address Mailing Delays Resulting from Canada Post Strike

    Spearmint Announces Arrangements to Address Mailing Delays Resulting from Canada Post Strike

    Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the ‘Company’ or ‘Spearmint’) wishes to provide an update to shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company’s ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company’s annual general meeting of shareholders (the ‘Meeting’) scheduled to be held at Cozen O’Connor LLP – 550 Burrard Street, Suite 2501, Vancouver, B.C., on Thursday, Dec. 19, 2024, at 10 a.m. PST.

    James Nelson, President of Spearmint stated, ‘We want all of our shareholders to be aware of the current situation as there are many exciting events occurring for Spearmint in the short and medium term.’

    As a result of the strike and pursuant to Canadian Securities Administrators’ Co-ordinated Blanket Order 51-931 (Temporary Exemption) from requirements in National Instrument 51-102 (Continuous Disclosure Requirements) and National Instrument 54-101 (Communication with Beneficial Owners of Securities of a Reporting Issuer) to send certain proxy-related materials during a postal strike, the Company is advising shareholders that:

    1. At the meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the information circular:
      1. To determine and set the number of directors of the Company at four (4) until the next annual meeting;
      2. To elect directors of the Company to hold office until the next annual meeting;
      3. To appoint Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditor until the next annual meeting and to authorize the directors to set their remuneration;
      4. To transact such further or other business as may properly come before the Meeting or any adjournment or postponement thereof.
    2. Electronic versions of the information circular, the form of proxy and all other proxy-related materials, as applicable, have been filed and are available on SEDAR+ and have been posted to the Company’s website.
    3. The Company has satisfied all of the conditions to rely on, and is relying on, the exemption provided by the blanket order from the requirement to send proxy-related materials to its shareholders.
    4. Beneficial shareholders are shareholders who hold their investment through a brokerage house, depository company or other intermediary. Beneficial shareholders should contact their brokerage house or depository company or other intermediary and ask to obtain their voting control number and the steps of how to vote, which could include Internet voting, completing a form of proxy and e-mailing it, directing your broker over the phone on how you wish to vote, or some other method as described by your brokerage house or depository company. The voting deadline for the Company’s coming meeting is 10 a.m. PST on Dec. 17, 2024.

    About Spearmint Resources Inc.

    Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project and now the 1,945 acres George Lake South Antimony Project in New Brunswick.

    Contact Information
    Tel: 1604646-6903
    www.spearmintresources.ca

    ‘James Nelson’
    President
    Spearmint Resources Inc.

    The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233566

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

  • AUE achieves in excess of 95% gold recoveries from Boundiali

    AUE achieves in excess of 95% gold recoveries from Boundiali

    Aurum Resources (AUE:AU) has announced AUE achieves in excess of 95% gold recoveries from Boundiali

    Download the PDF here.

    This post appeared first on investingnews.com

  • Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown

    Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown

    If the Covid era marked a boom time for digital health companies, 2024 was the reckoning.

    In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health tech providers largely suffered. Of 39 public digital health companies analyzed by CNBC, roughly two-thirds are down for the year. Others are now out of business.

    There were some breakout stars, like Hims & Hers Health, which was buoyed by the success of its popular new weight loss offering and its position in the GLP-1 craze. But that was an exception.

    While there were some company-specific challenges in the industry, overall it was a “year of inflection,” according to Scott Schoenhaus, an analyst at KeyBanc Capital Markets covering health-care IT companies. Business models that appeared poised to break out during the pandemic haven’t all worked as planned, and companies have had to refocus on profitability and a more muted growth environment.

    “The pandemic was a huge pull forward in demand, and we’re facing those tough, challenging comps,” Schoenhaus told CNBC in an interview. “Growth clearly slowed for most of my names, and I think employers, payers, providers and even pharma are more selective and more discerning on digital health companies that they partnered with.” 

    In 2021, digital health startups raised $29.1 billion, blowing past all previous funding records, according to a report from Rock Health. Almost two dozen digital health companies went public through an initial public offering or special purpose acquisition company, or SPAC, that year, up from the previous record of eight in 2020. Money was pouring into themes that played into remote work and remote health as investors looked for growth with interest rates stuck near zero.

    But as the worst waves of the pandemic subsided, so did the insatiable demand for new digital health tools. It’s been a rude awakening for the sector.  

    “What we’re still going through is an understanding of the best ways to address digital health needs and capabilities, and the push and pull of the current business models and how successful they may be,” Michael Cherny, an analyst at Leerink Partners, told CNBC. “We’re in a settling out period post Covid.”

    Progyny, which offers benefits solutions for fertility and family planning, is down more than 60% year to date. Teladoc Health, which once dominated the virtual-care space, has dropped 58% and is 96% off its 2021 high.

    When Teladoc acquired Livongo in 2020, the companies had a combined enterprise value of $37 billion. Teladoc’s market cap now sits at under $1.6 billion.

    GoodRx, which offers price transparency tools for medications, is down 33% year to date. 

    Schoenhaus says many companies’ estimates were too high this year.

    Progyny cut its full-year revenue guidance in every earnings report in 2024. In February, Progyny was predicting $1.29 billion to $1.32 billion in annual revenue. By November, the range was down to $1.14 billion to $1.15 billion.

    GoodRx also repeatedly slashed its full-year guidance for 2024. What was $800 million to $810 million in May shrank to $794 million by the November.

    In Teladoc’s first-quarter report, the company said it expected full-year revenue of $2.64 billion to $2.74 billion. The company withdrew its outlook in its second quarter, and reported consecutive year-over year declines.

    “This has been a year of coming to terms with the growth outlook for many of my companies, and so I think we can finally look at 2025 as maybe a better year in terms of the setups,” Schoenhaus said.  

    While overzealous forecasting tells part of the digital health story this year, there were some notable stumbles at particular companies. 

    Dexcom, which makes devices for diabetes and glucose management, is down more than 35% year to date. The stock tumbled more than 40% in July — its steepest decline ever — after the company reported disappointing second-quarter results and issued weak full-year guidance. 

    CEO Kevin Sayer attributed the challenges to a restructuring of the sales team, fewer new customers than expected and lower revenue per user. Following the report, JPMorgan Chase analysts marveled at “the magnitude of the downside” and the fact that it “appears to mostly be self-inflicted.” 

    Genetic testing company 23andMe had a particularly rough year. The company went public via a SPAC in 2021, valuing the business at $3.5 billion, after its at-home DNA testing kits skyrocketed in popularity. The company is now worth less than $100 million and CEO Anne Wojcicki is trying to keep it afloat.

    In September, all seven independent directors resigned from 23andMe’s board, citing disagreements with Wojcicki about the “strategic direction for the company.” Two months later, 23andMe said it planned to cut 40% of its workforce and shutter its therapeutics business as part of a restructuring plan. 

    Wojcicki has repeatedly said she intends to take 23andMe private. The stock is down more than 80% year to date. 

    Investors in Hims & Hers had a much better year.

    Shares of the direct-to-consumer marketplace are up more than 200% year to date, pushing the company’s market cap to $6 billion, thanks to soaring demand for GLP-1s. 

    Hims & Hers began prescribing compounded semaglutide through its platform in May after launching a new weight loss program late last year. Semaglutide is the active ingredient in Novo Nordisk’s blockbuster medications Ozempic and Wegovy, which can cost around $1,000 a month without insurance. Compounded semaglutide is a cheaper, custom-made alternative to the brand drugs and can be produced when the brand-name treatments are in shortage.

    Hims & Hers will likely have to contend with dynamic supply and regulatory environments next year, but even before adding compounded GLP-1s to its portfolio, the company said in its February earnings call that it expects its weight loss program to bring in more than $100 million in revenue by the end of 2025. 

    Doximity, a digital platform for medical professionals, also had a strong 2024, with its stock price more than doubling. The company’s platform, which for years has been likened to a LinkedIn for doctors, allows clinicians to stay current on medical news, manage paperwork, find referrals and carry out telehealth appointments with patients. 

    Doximity primarily generates revenue through its hiring solutions, telehealth tools and marketing offerings for clients like pharmaceutical companies.

    Leerink’s Cherny said Doximity’s success can be attributed to its lean operating model, as well as the “differentiated mousetrap” it’s created because of its reach into the physician network. 

    “DOCS is a rare company in healthcare IT as it is already profitable, generates strong incremental margins, and is a steady grower,” Leerink analysts, including Cherny, wrote in a November note. The firm raised its price target on the stock to $60 from $35. 

    Another standout this year was Oscar Health, the tech-enabled insurance company co-founded by Thrive Capital Management’s Joshua Kushner. Its shares are up nearly 50% year to date. The company supports roughly 1.65 million members and plans to expand to around 4 million by 2027. 

    Oscar showed strong revenue growth in its third-quarter report in November. Sales climbed 68% from a year earlier to $2.4 billion.

    Additionally, two digital health companies, Waystar and Tempus AI, took the leap and went public in 2024. 

    The IPO market has been largely dormant since late 2021, when soaring inflation and rising interest rates pushed investors out of risk. Few technology companies have gone public since then, and no digital health companies held IPOs in 2023, according to a report from Rock Health. 

    Waystar, a health-care payment software vendor, has seen its stock jump to $36.93 from its IPO price of $21.50 in June. Tempus, a precision medicine company, hasn’t fared as well. It’s stock has slipped to $34.91 from its IPO price of $37, also in June.

    “Hopefully, the valuations are more supportive of opportunities for other companies that have been lingering in the background as private companies for the last several years.” Schoenhaus said. 

    Several digital health companies exited the public markets entirely this year. 

    Cue Health, which made Covid tests and counted Google as an early customer, and Better Therapeutics, which used digital therapeutics to treat cardiometabolic conditions, both shuttered operations and delisted from the Nasdaq. 

    Revenue cycle management company R1 RCM was acquired by TowerBrook Capital Partners and Clayton, Dubilier & Rice in an $8.9 billion deal. Similarly, Altaris bought Sharecare, which runs a virtual health platform, for roughly $540 million.

    Commure, a private company that offers tools for simplifying clinicians’ workflows, acquired medical AI scribing company Augmedix for about $139 million.

    “There was a lot of competition that entered the marketplace during the pandemic years, and we’ve seen some of that being flushed out of the markets, which is a good thing,” Schoenhaus said.

    Cherny said the sector is adjusting to a post-pandemic period, and digital health companies are figuring out their role.

    “We’re still cycling through what could be almost termed digital health 1.1 business models,” he said. “It’s great to say we do things digitally, but it only matters if it has some approach toward impacting the ‘triple aim’ of health care: better care, more convenient, lower cost.”

    This post appeared first on NBC NEWS

  • Wyoming Rare USA Secures Strategic Facility to Support Halleck Creek Project

    Wyoming Rare USA Secures Strategic Facility to Support Halleck Creek Project

    American Rare Earths Limited (ARR) (ASX: ARR | OTCQX: ARRNF, AMRRY) is pleased to announce that its wholly owned subsidiary, Wyoming Rare (USA) Inc., has secured a facility at the Western Research Institute in Laramie, Wyoming. This significant development marks a key step forward in the company’s efforts to progress the Halleck Creek Rare Earths Project and enhance its operational capabilities in the region.

    This follows the recent award of a USD $7.1 million grant from the State of Wyoming to support the advancement of the company’s rare earth processing initiatives. The facility, situated in a strategic location, will serve as a hub for exploration, processing, and future development activities, enabling the company to align its efforts with state-backed initiatives to bolster critical mineral development.

    Key Features of the Facility and Partnership:

    • Centralised Operations: The facility will house all drill core and assay samples collected to date, providing a central location for streamlined operations.
    • Future Pilot Plant Site: The space will accommodate the construction of a pilot plant, advancing the development and testing of processing capabilities for the project.
    • Collaboration: This partnership lays the groundwork for further synergies, leveraging the Western Research Institute’s expertise.

    The Western Research Institute, located in Laramie, Wyoming, is a multi-million dollar, not-for-profit, research organisation renowned for work in advanced energy systems, environmental technologies and materials research and technologies. Their Headquarters and Advanced Technology Centre includes laboratories, pilot facilities and room for new development.

    “This is an exciting milestone for the company and our progression of the Cowboy State Mine at Halleck Creek,” said Joe Evers, President of Wyoming Rare (USA) Inc. “The support of the State of Wyoming and our collaboration with the Western Research Institute highlights Wyoming’s commitment to becoming a leader in critical minerals development. This facility helps to advance our mission of onshoring critical mineral supply chains for the USA while highlighting Wyoming’s position a leader in critical minerals and rare earth elements.”

    Click here for the full ASX Release

    This post appeared first on investingnews.com

  • Hertz Energy Provides Antimony and Critical Minerals Projects Update and Announces Financing

    Hertz Energy Provides Antimony and Critical Minerals Projects Update and Announces Financing

    Hertz Energy Inc. (“Hertz” or the “Company”) (CSE: HZ; OTCQB: HZLIF; FSE: QE2) is pleased to provide an update on the Company’s critical minerals projects, including antimony, lithium, and uranium and announces proposed financing.

    ANTIMONY

    The Company is focused on exploring its two antimony projects aggressively with use of Quebec Critical Minerals Flow thru funds at the Harriman Antimony Project in Quebec and Canadian Flow thru funds at its Lake George Antimony Project in New Brunswick.

    LAKE GEORGE ANTIMONY PROJECT: NEW BRUNSWICK, CANADA

    The Property is located in the southwestern part of the Province, approximately 30 km southwest of the city of Fredericton.

    The Property is comprised of 93 mineral claims within two claim blocks recently staked by the Company for a total area of approximately 2,104.5 hectares. The Property surrounds the past-producing Lake George Antimony Mine (‘Lake George Mine‘) and is considered an exploration-stage Antimony-Gold (Sb-Au) prospect located immediately along strike to the southwest and northeast, as well as downdip to the north of the historical Lake George Mine. The Property benefits from excellent road access, hydroelectric power, and nearby available personnel for field and exploration activities.

    The Lake George Mine was formerly the largest antimony producer in North America with a long history of production spanning from 1876 to 1996. The mine closed in 1996 due to falling antimony prices. From 1972 to 1981, 34,417 tonnes of concentrate grading 65% to 66% Sb was produced from the first deposit. Then from 1985 to 1990, approximately 1 Mt grading 4% Sb was extracted from a second deposit (Caron, 1996). The mine also contained molybdenum (Mo), tungsten (W), and Au mineralization. Infrastructure on the Lake George Mine includes 3 shafts, underground development on 10 levels, some remaining surface buildings, and a tailings pond. The deepest level of the mine is approximately 400 m below the surface. The Lake George Sb-Au Mine currently represents one of the Top 3 antimony occurrences in the Province of New Brunswick. More info can be found at: https://hertz-energy.com/lake-george-project/

    HARRIMAN ANTIMONY PROJECT:QUEBEC, CANADA

    The Harriman Property is an exploration stage antimony project located approximately 17 km northeast of the town of New Richmond in the Gaspé Region of Québec (Figures 1, 2). The Gaspé Region is known for a variety of significant mineral deposits, most notably the Mine Gaspé Copper Mine, currently being developed by Osisko Metals. The Harriman Property benefits from good road access, hydroelectric power, port access, and nearby available manpower.

    The Harriman Property is strategically located at the intersection of the major ENE trending Restigouche Fault and Grand Pabos Fault with a second order northeast-trending fault hosting numerous antimony and gold showings (Figure 3).

    The Property was developed by compiling and reviewing historical antimony (Sb) and gold (Au) showings from the Québec government geoscientific database known as SIGÉOM. The Property area was defined by a series of four antimony showings, all hosted along a northeast-trending fault structure (Figure 4). Historical results from the nearby showings along the northeast-trending fault include 2.32% Sb, 3.36 g/t Au (Harriman-2), 43.75 Sb, 3.4 g/t Au (New Richmond), 4.8% Sb, 7.89 g/t Au and 15.35% Sb (Harriman-4 Sud) (source: SIGÉOM).

    The Harriman Property of Hertz includes the Harriman-4 Sud showing returning 15.35% Sb and 0.07 g/t Au from a historical grab sample of a massive stibnite vein in altered sediments. The nearby Harriman Gold occurrence, located 300 m to the northwest, returned an assay of 22.4 g/t Au from a grab sample. These showings and much of the property have had limited previous exploration and has not had any historical drilling.

    Hertz Energy has completed a program of geological mapping and prospecting. The crew’s focus was in the area of favourable geology, particularly surrounding the historical showings as well as stream sediment and prospecting for new antimony and gold showings. Results are expected in the coming weeks. More info can be found at: https://hertz-energy.com/harriman-antimony-project/

    LITHIUM PROJECTS

    AGASTYA LITHIUM PROJECT:QUEBEC, CANADA

    The Agastya Lithium Property is comprised of 209 mineral claims covering approximately 10,650 hectares located in the Province of Québec and consists of three non-contiguous claim blocks along the greenstone belt that hosts the Adina, Trieste, and Galinée properties. These adjacent properties are known for their significant LCT (Lithium-Cesium-Tantalum) pegmatite potential hosted within greenstone/ metasediment packages:

    • Loyal Lithium – Trieste Lithium Project: Discovery of six spodumene-bearing pegmatites including a significant drilling result of 31.8 m at 2.2% LiO.
    • 50% Azimut Exploration / 50% SOQUEM JV – Galinée Lithium Property:Drilling results include 1.62% LiO over 158.0 m including 3.33% LiO over 29.6 m, and Galinée features a 20 km long lithium-cesium anomaly.
    • Rio Tinto/Midland Galinée Project: Spodumene-bearing pegmatite dykes discovered over several hundred metres along a 7 km favourable contact zone. Significant drilling results include 1.38% LiO over 37.86 m including 1.88% LiO over 21.35 m.

    The Agastya Property covers the western extent of the greenstone belt that trends through Trieste, Adina, and Galinée. Greenstone belts are known to host LCT pegmatite mineralization and are commonly targeted by exploration companies as they are favourable hosts for lithium and other valuable metals including gold. Recent discoveries surrounding the Agastya Project have been announced by Azimut Exploration and Soquem at their Galine Project: I am running a few minutes late; my previous meeting is running over.

    https://azimutexploration.com/site/assets/files/72…

    https://azimut-exploration.cl1.adnetcms.com/site/a… 
    Click Image To View Full Size

    AC/DC LITHIUM PROJECT: QUEBEC, CANADA

    The AC/DC property encompasses amphibolized mafic volcanics (greenstone) of the Rouget and Corvette Formations and plutons of the Vieux Comptoir Intrusive suite, similar to the geological setting that hosts both the Cancet and Corvette lithium projects. Both Cancet and Corvette are hosted by amphibolite rocks of Guyer Group, which is similar in age to the Rouget formation (Mesoarchean).

    The northwest-trending mafic volcanics of Rouget and Corvette Formations and associated Vieux Comptoir suites continue northwest to the adjacent Rio Tino/Exploration Azimut Inc. and Rio Tinto/Exploration Midland Inc. project areas.

    These are advanced rocks, typically characterized by a pegmatitic texture, a granitic composition and contain several minerals such as biotite, muscovite, tourmaline, garnet, beryl and spodumene. These rocks are also known to host K-feldspar granite phases in pegmatite form which may host an abundance of spodumene.

    Based on the results of the remote sensing data analysis and processing twelve (12) anomalous target areas have been identified across the two properties.

    • 5 primary and numerous smaller secondary targets are identified at the AC/DC property.
    • 7 primary and numerous smaller secondary targets are identified at the La Fleur property.

    Strike lengths of the individual target trends range in length from 1 to 15km in length and are between 100m to 1,000m in width and are generally oriented in a northeasterly trending direction.

    Each of the anomalous trends contain numerous dyke-like structures identified from high resolution orthophotography. Individual dyke-like structures range in length between 20 –500m or greater, often occur in clusters and are generally noted to occur in conformant orientation to the target trends.

    Hertz is aggressively advancing exploration at the AC/DC Project and will provide updates upon receipt of exploration results.

    MAP OF AC/DC LITHIUM PROJECT AND RIO TINTO ADJOING KAANAAYAA PROJECT

    Click Image To View Full Size

    SNAKE LITHIUM PROJECT:

    Hertz Energy reports that the Company will not be proceeding further with the Snake Lithium Project and has terminated its Option Agreement on the Snake Lithium Property.

    NAMIBIA URANIUM PROJECT

    Hertz Energy has submitted applications for two uranium Exclusive Prospecting Licenses (EPLs) in Namibia.

    Namibia is a country of diverse geology and has one of the richest uranium mineral reserves in the world. There are currently two large operating mines, the Husab and Rossing mines, in the Erongo Region and five major exploration projects planned to advance to production in the next few years as the country embraces the green energy transition. Uranium mining in Namibia is of considerable importance to the national economy1. In 2023, Namibia produced the 3rd largest quantity of uranium worldwide at 6,382 tonnes, ranked only behind Kazakhstan and Australia2.

    Hertz Energy Namibia Uranium Project

    The application areas cover an area of 9,627.84 hectares located in Central Namibia in the Erongo Region which hosts numerous primary and secondary uranium deposits. Primary economic uranium is hosted mainly in sheeted D-type alaskites which occur both as cross-cutting dykes and as bedding and/or foliation-parallel sills. The sheets can amalgamate to form larger granite plutons or granite stockworks made up of closely spaced dykes and sills. The mineralized alaskites tend to occur at marked stratigraphic levels, often associated with the Khan-Rössing Formation boundary, or, where the Rössing Formation is missing, the Khan-Chuos/Arandis Formation boundary. Secondary uranium deposits occur in calcretes in the coastal plain of the Namib Desert. The deposits are associated with ancient river systems that flowed westward from the Great Escarpment during the upper Cretaceous and lower Cenozoic periods. Uranium mineralization is typically located in calcretised fluvial channels which tend to be buried with little or no obvious surface expression to identify them.

    Licence Application EPL-10186

    EPL-10186 is located 40 km northeast of the coastal town of Swakopmund. Most of the licence is covered by recent sand, gravel, scree and calcrete, with a few outcrops of mica schist, calc-silicate rock, marble and red granite. There are two prominent sub-surface water conduits/streams which in general, are believed to be geographically similar to where paleo-channels carrying uranium-rich waters would have flowed. Preliminary interpretation of regional airborne radiometric data from the Namibian Ministry of Mines and Energy indicates a strong and consistent radiometric anomaly trending northeast-southwest and coincident with the subsurface streams. The Company is targeting secondary uranium mineralization with potential for primary mineralization to the east of the application area. This is the similar style of mineralization found at ORANO’s Trekkopje Mine 6 kilometres north of EPL-10186 and Elevate Uranium’s Marenica deposit 40km to the north with a resource of 46Mlb U308 at a 93ppm U3O8 cutoff grade.

    Licence Application EPL-10185

    EPL-10185 is located 22 km east of the coastal town of Swakopmund. Its geology is comprised of units from the Kuiseb, Karibib, Arandis, Chuos and Khan Formations intruded by granodiorites and uranium prospective granites. Most of the western and central parts of the licence is under recent surficial cover made up of sand, gravel, scree, and calcrete. Preliminary interpretation of regional airborne radiometric data from the Namibian Ministry of Mines and Energy indicates radiometric anomalies coinciding with favourable geology for primary alaskite-hosted uranium mineralization. This is the similar style of mineralization found at Bannerman Energy’s Etango deposit located 15 km southeast of EPL-10185 as well as that at the Rossing Mine located 30km to the northeast. The Rossing Mine is one of the largest and longest operating uranium open cast mines in the world producing now for 46 years. In 2022, Rossing produced 2,659t U3O8 and currently has a feasibility study underway to extend the mine life beyond 20265.

    Namibia has recently completed its political elections and On 3 December 2024, Netumbo Nandi-Ndaitwah of the ruling SWAPO party was declared the winner of the election. She is set to become Namibia’s first female president. The National Assembly elections saw SWAPO reduced to 51 seats, a bare majority of three. It was SWAPO’s weakest showing since Namibia’s independence in 1990. Incumbent president Nangolo Mbumba had not contested this election. Hertz Energy congratulates President Netumbi Nandi-Ndaithwah.

    Hertz Energy EPL-10185 and EPL-10186 have been assessed by the Ministry of Mines and Energy are expected to be issued in Q1 of 2025.

    Cautionary Statement: This news release contains scientific and technical information with respect to adjacent properties to the Company’s properties, which the Company has no interest in or rights to explore. Readers are cautioned that information regarding the geology, mineralization, and mineral resources on adjacent properties is not necessarily indicative of the mineralization potential on the Company’s properties.

    Qualified Person Statement

    All scientific and technical information contained in this news release was reviewed and approved by Paul Teniere, P.Geo., Technical Advisor of Hertz Energy, who is a ‘Qualified Person’ as defined in NI 43-101.

    HERTZ ENERGY FINANCING

    Hertz Energy is pleased to announce a non-brokered private placement offering of up to 5,000,000 units (the “Units”) at a price of C$0.25 per Unit for gross proceeds of up to $1,250,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of C$0.45 per Common Share for a period of two years from the closing date of the Offering. The Warrants will be subject to an accelerated expiry, whereas anytime after four (4) months following the issue date of the Units that the closing price of the common shares of the Company on the Canadian Securities Exchange (the “CSE”) is equal to or above a price of C$0.55 for fourteen (14) consecutive trading days, the Company may file a notice to accelerate the expiry date of the Warrants to the date that is thirty (30) business days following the date of such notice. This placement is expected to close end of January 2025.

    Hertz Energy also announces non-brokered private placement of up to 4,000,000 Quebec and Canadian National flow-through units of the Company (the “FT Units”) at a price of C$0.30 per FT Unit for gross proceeds of up to C$1.200,000 (the “Offering”). Red Cloud Securities Inc. (“Red Cloud”) will be acting as a finder for LaFleur Minerals on a “best efforts” basis under the Offering.

    Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” (each, a “FT Share”) within the meaning of the Income Tax Act (Canada) (the “Income Tax Act”) and the Taxation Act (Québec) (the “Québec Tax Act”) and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.45 at any time on or before that date which is 24 months after the issue date of the FT Unit. The Warrants will be subject to an accelerated expiry, whereas anytime after four (4) months following the issue date of the FT Unit that the closing price of the common shares of the Company on the Canadian Securities Exchange (the “CSE”) is equal to or above a price of C$0.55 for fourteen (14) consecutive trading days, the Company may file a notice to accelerate the expiry date of the Warrants to the date that is thirty (30) business days following the date of such notice.

    About the Company

    Hertz Energy (CSE:HZ; OTCQB:HZLIF; FSE:QE2) is a British Columbia-based junior exploration company primarily engaged in the acquisition and exploration of energy and critical minerals properties. The Company’s lithium exploration projects include the AC/DC Lithium Project, and newly acquired Agastya Lithium Property in James Bay, Quebec. Hertz Energy also holds the Harriman Antimony Project in Québec and the Lake George Antimony Project in New Brunswick, Canada. Hertz Energy also has permit applications pending in Namibia for uranium exploration projects.

    For further information, please contact Mr. Kal Malhi or view the Company’s filings at www.sedarplus.ca.

    On Behalf of the Board of Directors

    Kal Malhi

    Chief Executive Officer and Director
    Phone: 604-805-4602

    Email: kal@bullruncapital.ca

    Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

    Cautionary Statement Regarding “Forward-Looking” Information

    This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

    Source

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  • Starbucks barista strike expands as workers demand pay raises

    Starbucks barista strike expands as workers demand pay raises

    A Starbucks barista strike is expanding to 5,000 workers at what organizers said was more than 300 stores in 45 states, just as the company’s busy holiday stretch begins.

    Though it still represents only about 3% of all U.S. Starbucks locations, it’s an expansion of an action that began last week in three cities.

    Organized by the Service Employees International Union and Starbucks Workers United, the strike aims to draw attention to allegations of unfair labor practices and stalled negotiations over a contract that would cover thousands of workers. The workers are seeking an immediate increase in Starbucks’ minimum hourly wage by as much as 64% and over 77% over the life of a three-year contract.

    “After all Starbucks has said about how they value partners throughout the system, we refuse to accept zero immediate investment in baristas’ wages and no resolution of the hundreds of outstanding unfair labor practices,’ Lynne Fox, president of the Workers Union, said in a statement. ‘Baristas know their value, and they’re not going to accept a proposal that doesn’t treat them as true partners.”

    Starbucks said only around 170 Starbucks stores did not open as planned. It said 98% of its over 10,000 company-operated stores and nearly 200,000 employees continued to work as normal.

    In a memo to employees posted by the company, a Starbucks executive called the union’s demands ‘not sustainable’ and touted the overall benefits package workers can receive, noting employees who work at least 20 hours a week get $30 an hour, on average, in combined pay and benefits.

    ‘The union chose to walk away from bargaining last week,’ said Sara Kelly, a Starbucks executive vice president. ‘We are ready to continue negotiations when the union comes back to the bargaining table.’ 

    Starbucks enjoyed a surge in investor sentiment after it poached Chipotle CEO Brian Niccol to be lead it in August, though its share price has declined in recent weeks alongside the broader market pullback.

    Niccol has pledged to negotiate with the union in good faith, though his previous tenure at the burrito chain was marked by at least two settlements with workers demanded by the National Labor Relations Board.

    This post appeared first on NBC NEWS

  • MUST SEE Options Trade Ideas! DIS, AAPL, META, BA, LULU

    MUST SEE Options Trade Ideas! DIS, AAPL, META, BA, LULU

    In this video, after a rundown of the general markets and sectors, Tony brings you the latest options trade ideas. These include a number of bullish and bearish ideas, including DIS, AAPL, META, BA, LULU, and many more.

    This video premiered on December 23, 2024.

  • Progress Update on Hydrogen Supply Chain and Prototype Tank Activities

    Progress Update on Hydrogen Supply Chain and Prototype Tank Activities

    Provaris Energy Ltd (Provaris, ASX.PV1) is pleased to provide an update on recent progress towards its priority activities in Norway aimed at developing Hydrogen Supply Chains into Europe and advancing the Company’s proprietary hydrogen carrier.

    HIGHLIGHTS:

    • Significant progress made on finalising a Term Sheet with Uniper and Norwegian Hydrogen for a Hydrogen Sale and Purchase Agreement (SPA) outlining key commercial terms, including targeting a 10-year offtake for over 40,000 tonnes per annum of hydrogen. Execution is imminent and expected to be executed after the European winter holiday period.
    • Completion of the Fiska Facility sale expected around 1st January 2025 will enable Provaris to move forward with a lease agreement with the new owners and finalise the purchase of robotic laser- welding requirement to restart its Prototype Tank fabrication and testing program.

    Term Sheet for Hydrogen Supply and Offtake progressing towards execution

    During December 2024, Provaris , together with Uniper and Norwegian Hydrogen, made significant strides towards the finalization of a Term Sheet that outlines the key terms for negotiation of a long term Hydrogen SPA. This agreement targets a 10-year offtake contract for over 40,000 tonnes per annum of renewable green hydrogen from the Nordics to Germany.

    The Term Sheet represents a critical milestone in Provaris’ plans to establish reliable, long term, and low cost hydrogen supply utilising Provaris’ proprietary H2Neo carriers and H2Leo barge technology.

    The completion of the Term Sheet is imminent however final execution may be slightly delayed by the winter holiday period in Europe, which concludes on 2 January 2025. The Term Sheet also supports discussions established with shipyards for newbuilds and shipowners for Time Charter of the carriers.

    Provaris and Uniper continue to focus on optimal shipping, compression, and import terminal solutions in North-West Europe, ensuring a flexible and efficient transport network. The collaboration with Norwegian Hydrogen, including the Fjord H2 project and other Nordic sites, aims to provide RFNBO-compliant hydrogen delivered in compressed form. These initiatives support Uniper’s hydrogen portfolio requirements and align with Provaris’ vision of delivering cost-effective, low-emission supply chains from production to end-user markets.

    Restart of Prototype Tank Program at Fiskå Facility and completion of final Class Approvals.

    Provaris has maintained regular engagement with the secured lenders and their appointed Advisor regarding the ongoing sale process of the Fiskå Facility and associated assets. While the process has taken longer than initially anticipated progress has been achieved over the past 6 weeks with finalization and title transfer to the new owner anticipated on or around 1st January 2025.

    Securing a lease agreement for a portion of the Fiskå Facility’s production floor and associated office space will provide for a resumption of the Prototype Tank fabrication and testing program. The lease is close to finalization and will provide ample room for future growth, including the potential production of small-scale hydrogen storage tanks that can be an important step towards improving the operational economics for industrial hydrogen users.

    Concurrently, Provaris has advanced negotiation of the key terms for an asset purchase agreement to acquire the installed Production Cell (including robotic arms, laser-hybrid welding equipment, pedestals, jigs and related tools) essential for the Prototype Tank construction. Owning these valuable production assets and associated intellectual property will strengthen Provaris’ manufacturing capabilities in Norway and potential licensing opportunities within Europe and Asia.

    Click here for the full ASX Release

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