A sort of homecoming
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→ Canada's new PM gets down to work — in Europe.
→ Federal polling shows the Conservatives' lead has evaporated.
→ The latest on election speculation.
DRIVING THE DAY
WHEELS UP — Campaign energy is in the air — along with the fake promise of spring.
Prime Minister MARK CARNEY is in Paris after a Sharpie photo op, a Montreal pit stop and a 23-minister reveal. 'Everybody in this Cabinet is senior,' he told reporters Friday at Rideau Hall. Conservative Leader PIERRE POILIEVRE was quick to point out: '87 percent of Carney's ministers were Trudeau ministers.' The only surprise was the lack of one.
— Gone from Cabinet: Gender balance, along with ministries dedicated to diversity, women, official languages, mental health and more. DARREN FISHER and RUBY SAHOTA, just recently appointed to Cabinet, are also out — along with hugs from the prime minister.
— Mission statement: Carney pledged that his government will focus on three priorities: 'growing more higher paying jobs, improving affordability and making Canada more secure.' Read his first remarks as PM.
The top issue to be managed will be President DONALD TRUMP. As a result, former Privy Council Clerk MICHAEL WERNICK advises the Globe's CAMPBELL CLARK: '[Carney] can be very, very focused on the Canada-U.S. chessboard.'
— Job one: Carney's first move Friday was to sign his name in permanent marker to an 'executive order' axing Canada's consumer carbon tax. Yes, E.O.s are not a thing in Canada. For sure, there is debate about how Carney has gone about making the carbon levy $0 after March 31. But as STEPHANIE TAYLOR writes in the National Post: 'In doing so, he also neutralized one of the Liberals' most unpopular policies before a widely expected election call.'
Carney's ministers clapped as he killed the Trudeau government's signature climate policy — a deliberate break and a move former Vice President KAMALA HARRIS definitely could have used when asked if there was anything she wished the Biden administration had done differently. 'Not a thing that comes to mind,' she told 'The View' back in October.
— Caveat emptor: Poilievre warned Friday that carbon pricing is merely going into hiding. 'If he's reelected, he'll bring it back bigger than ever — and with no rebate,' he said.
— TBD: Left in place of the carbon tax, AARON WHERRY notes: 'The question of what each leader would do to reduce Canada's emissions.'
→ Election speculation: We're hearing Sunday — a day before the House is scheduled to return. Tell us your guess.
— Over the weekend: Carney talked with Ukrainian President VOLODYMYR ZELENSKYY 'and many of our closest allies' to discuss Ukraine's path to peace. 'Canada supports the proposal for an immediate ceasefire in Ukraine,' he said. 'Now, Russia must stop stalling and launching its attacks.'
He also spoke with European Union Commission President URSULA VON DER LEYEN.
In Montreal, he sat down with Quebec Premier FRANÇOIS LEGAULT and joined a St. Patrick's Day Parade.
The start of Carney's week looks like this:
— Paris: Carney will head to Elysée Palace within the hour to meet EMMANUEL MACRON for a working lunch. 'I received an invitation from the president of France,' the new PM explained Friday of his first overseas trip.
On the agenda: The Canada-European Union Comprehensive Economic and Trade Agreement, artificial intelligence and a 'shared commitment to build stronger economic, commercial and defence ties.'
For the record, Carney says Canadians don't need other countries to affirm that Canada will never be a U.S. state. 'We're masters in our own home,' he said last week in response to a question. 'We're in charge. It's always nice when people say nice things about you, but we don't need it. We're not seeking it.'
— London: Carney has teed up a meeting today with Prime Minister KEIR STARMER with similar agenda items, along with the Canada-United Kingdom Trade Continuity Agreement and the CPTPP. Carney will also get an audience with KING CHARLES III.
— Iqaluit: Per the Prime Minister's Office, Carney will be in Nunavut on Tuesday, 'to reassert Canada's sovereignty in the Arctic.' He'll also meet with Premier P.J. AKEEAGOK.
Where the leaders are
— Prime Minister MARK CARNEY is in Paris and London — as detailed above.
— Conservative Leader PIERRE POILIEVRE will hold a morning press conference in L'Orignal, Ont., a village about one hour east of Ottawa.
— Bloc Québécois Leader YVES-FRANÇOIS BLANCHET and NDP Leader JAGMEET SINGH have not shared their itineraries.
— Green Co-Leader ELIZABETH MAY will attend the Saanich Gulf Islands Forum to discuss cross-border levels of government. Later in the evening, she will officially launch her campaign office in Sidney. Co-Leader JONATHAN PEDNEAULT will hold private meetings to discuss campaign and election readiness.
THREE THINGS WE'RE WATCHING
ELECTION WATCH — Time is ticking down to March 24, when the House is supposed to return. Cabinet is very much aware that opposition parties are eager to take down their government through a confidence vote. But will Liberals be masters call an election before they're toppled? If so, they have a week to do it.
— Alternative: The House returns. But CARNEY would face an immediate confidence vote through the Throne Speech. When asked about a future election, Cabinet is keeping its story straight.
— Beats me: 'We don't know when there's going to be an election,' Agriculture Minister KODY BLOIS said Friday.
— Seriously, no idea: 'We do not know the dates when we will go to the election,' Democratic Institutions Minister ARIELLE KAYABAGA told reporters after her swearing-in.
— One thing for certain: Asked when Canadians can expect an election, Carney replied: 'They certainly should expect to go to the polls before November.'
FLEXING FORD — Ontario Premier DOUG FORD is expected to talk with Commerce Secretary HOWARD LUTNICK. It'll be their second meeting in as many weeks.
Ford has been working with Ottawa to lower the temperature as they navigate Trump's slew of tariffs and look for ways to ease the economic pain.
Officials existed last week's meeting saying they had a better understanding of the president's protectionist policies. The Star reports, 'Lutnick hinted at ways to scale back some tariffs in the weeks and months after Trump's April 2 escalation of levies on goods shipped stateside.'
Cabinet ministers have expressed hope Carney will provide a reset to Canada-U.S. relations. Politicians on both sides of the border said Trump's fractious relationship with former Prime Minister JUSTIN TRUDEAU didn't help.
WILL TRUMP PICK UP THE PHONE? — The president has yet to say peep about Carney.
— Crickets: Carney's team has put in a request for a call with the president, Canadian Ambassador to the U.S. KIRSTEN HILLMAN told Fox News Sunday.
'Prime Minister Carney will be looking to speak with the president as soon as possible, and forge a good and solid relationship,' she said. 'We're looking forward to having him connect.' So far, it's dead air.
Trump has said he plans to speak with Russian President VLADIMIR PUTIN on Tuesday.
— Some insight: After his swearing-in, Carney said there are no plans to travel to the U.S. to meet the president. Public Safety Minister DAVID MCGUINTY told reporters the PM is 'well known' to the Trump administration already.
What are you watching this week? Tell us here.
FROM THE DESK OF 338CANADA
THE ELECTION IS A TOSS-UP — In a stunning reversal, the latest federal polling shows the Conservatives' once-dominant lead has evaporated.
For the first time in more than two years, the Liberals have drawn even with the Conservatives in the 338Canada projections, a dramatic turnaround from early January when the LPC appear to be heading toward historic defeat.
— Polls converge: Polling from Léger, Abacus Data, Mainstreet, Innovative Research and Liaison Strategies all confirm the Liberal surge and Conservative decline, though the amplitudes vary.
Léger and Mainstreet have the parties tied or with a slight Liberal edge. Abacus and Innovative still show a narrow Conservative lead. Liaison, which has launched a daily tracking poll, even reports a four-point Liberal lead.
— Streams have crossed: This shift has reshaped the 338Canada seat projections, where the Liberals and Conservatives are now neck-and-neck.
The Liberals have climbed for the 10th straight week, now averaging 150 seats, according to the model, just one ahead of the Conservatives. The Bloc Québécois has weakened in Quebec, while the NDP remains in a precarious position, battling with the 12-seat threshold for official party status.
— It's a marathon, not a sprint: With the election officially a toss-up, the key question is whether the Liberals can maintain this momentum into the campaign. Polls do not predict the future. However, if trends hold, could the Conservatives potentially blow one of the largest polling leads in modern Canadian history? We'll know soon enough.
COUNTDOWNS
Your reminder of some key events edging ever closer.
— Sitting days until summer: 49, max.
— Calendar days until the Bank of Canada's next rate announcement: 30 … G7 finance ministers meet in Banff, Alberta: 64 … Statistics Canada's next batch of inflation data: 1 … The House's scheduled return: 7.
Which must-watch countdowns are missing from this list? Tell us!
Calendar
HOT TICKETS — Join the Oscars of policymaking at the Public Policy Forum's annual Testimonial Dinner on April 24 in Toronto — an extraordinary event for extraordinary times.
POLITICO Canada is chuffed to be PPF's media partner at this shindig.
This year, PPF will be celebrating Canada's former chief statistician ANIL ARORA; Chief CRYSTAL SMITH; Ontario's longest-serving lieutenant governor ELIZABETH DOWDESWELL; Head of CDPQ Global MARC-ANDRÉ BLANCHARD; Journalist STEVE PAIKIN, winner of the Hyman Solomon Award for public interest journalism; and Tribe Network CEO ALFRED BURGESSON, winner of the Emerging Leader Award. This event is always a sell-out. Get tickets here.
MEDIA ROOM
— The latest from CHRIS JONES — in The Atlantic — ends with a banger. The magazine writer asks Ontario Premier DOUG FORD why the crisis that elevated him has not done the same for Conservative Leader PIERRE POILIEVRE. 'I couldn't answer that,' Ford replied. 'I don't care about political stripes. You'd have to ask him.'
— From the Star's ROBERT BENZIE and ROB FERGUSON: Insiders say the president's dislike of Trudeau hurt relations.
— 'The vibe in DC is completely different from Canada,' The Globe's TIM KILADZE writes on LinkedIn with a share to his feature from Washington. 'Right away it was clear the White House has no idea how much they've pissed off other countries — particularly the Canadians. And that's a huge problem for their tariff strategy. They just did not see retaliation coming.'
— Looming tariffs — and their uncertainties — have Canadians rethinking the orange juice they buy and the places they vacation, POLITICO's Florida team writes.
— 'It makes no sense whatsoever. We can both be better off. Why wouldn't we want that? Why wouldn't we do that?' TIFF MACKLEM said during an interview with the Globe's MARK RENDELL. 'But here we are.'
— 'Members of the Trump administration may not have heard of Vimy Ridge, Dieppe, the crossing of the Sangro, Juno Beach, or the Battle of the Scheldt,' ELIOT A. COHEN writes in The Atlantic. 'Take it from a military historian: The Canadian soldiers were formidable, as were the sailors who escorted convoys across the North Atlantic and the airmen who flew in the Battle of Britain and the air war over Germany.'
— MURRAY BREWSTER of CBC News reports that Ottawa is actively looking at potential alternatives to the U.S.-built F-35 stealth fighter.
PLAYBOOKERS
Birthdays: HBD to former Conservative MP MARK ADLER, Google's SEAN MURPHY and to MICHAEL FORIAN.
Got a document to share? A birthday coming up? Send it all our way.
Noted: Mississauga Mayor CAROLYN PARRISH announcing that the city is removing U.S. flags from sports arenas and other spots around the city.
BOB PLAMONDON's latest book is out: 'Freedom Fighter: John Diefenbaker's Battle for Canadian Independence and Liberties' with a foreword from former PM JEAN CHRÉTIEN.
SCOTT GILMORE shared news that he is PM Carney's senior adviser on foreign, defence and security policy.
Spotted: Former U.S. Ambassador to Canada DAVID COHEN, weighing on the U.S. taunts and threats: 'Continuing to tout it is an insult to Canada and creates no value for the United States — only negative embarrassment. Enough.'
Former U.S. Ambassador to Canada BRUCE HEYMAN in London outside Canada House.
Colorado Gov. JARED POLIS, raising the Canadian flag at the state capitol, which was also lit up in red and white, for the inaugural Colorado-Canada Friendship Day.
New Brunswick Premier SUSAN HOLT, noting her meeting with Gov. MAURA HEALEY of Massachusetts.
NDP Leader JAGMEET SINGH, in a 'get ready with me' video.
Conservative MP DON STEWART and Conservative candidate ROMAN BABER, opening Toronto-area campaign offices, with Deputy Conservative Leader MELISSA LANTSMAN attending both.
StrategyCorp's GARRY KELLER, announcing he's submitted his application for the Conservative nomination in the riding of Nipissing-Timiskaming.
CAROLINE MULRONEY, grand marshal of the Toronto St. Patrick's Day parade.
Media mentions: EMMA GODMERE of CBC Radio's 'The House' is this year's winner of the R. James Travers Foreign Corresponding Fellowship, which she plans to use to explore defense and security issues in three Arctic states and what Canada can learn from them.
PROZONE
For Pro subscribers, our latest policy newsletter by SUE ALLAN: On Carney's agenda: Tax, Trump and trade.
In other news for Pro readers:
— Prime Minister Mark Carney axes Trudeau carbon tax on first day in office.
— Countries weigh how to stand up to Trump's tariff barrage.
— Wall Street hoped Scott Bessent would keep Trump in check. He had other ideas.
— Trump blasts New York for holding up pipelines.
— Puck around, find out: Florida and Canada are on a trade war collision course.
TRIVIA
Friday's answer: After meeting with former Prime Minister PIERRE ELLIOTT TRUDEAU and Health Minister JOHN MUNRO, JOHN LENNON said: 'It's the only place on earth where people have asked us for help in the cause of peace and where we've received tangible offers of help.'
Props to ERIC BROUSSEAU, MALCOLM MCKAY, ROBERT MCDOUGALL, BOB GORDON, JULIA ORSINI, LAURA JARVIS and MARCEL MARCOTTE.
Today's question: On this date in history, the Habs forfeited to Detroit. What happened next?
Send your answer to ottawaplaybook@politico.com
Writing tomorrow's Playbook: MICKEY DJURIC and SUE ALLAN
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Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit On Behalf of the Board of Directors Massimo Bellini Bressi, Director For further information, please contact: Massimo Bellini Bressi Chief Executive Officer Email: [email protected] Tel: (604) 741-0444 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to, among other things, the Company's objectives, strategies, and future plans regarding the continued development, validation, patenting, and commercialization of proprietary lithium-ion battery rebalancing software and hardware technologies. Specific forward-looking statements include, but are not limited to, statements regarding the performance, applicability, and scalability of Prototype 2.0 across electric vehicle battery platforms; the Company's ability to file and obtain full utility patents from the USPTO; the anticipated benefits of the Company's rebalancing technology in extending battery life, restoring lost capacity, and reducing the need for costly replacements; the Company's positioning as a participant in the EV battery rebalancing and lifespan extension market; and the potential market adoption and commercial deployment of the Company's proprietary platform. These forward-looking statements are based on current expectations, estimates, assumptions, and projections that the Company believes to be reasonable as of the date of this release. However, such statements are inherently subject to significant technological, scientific, business, operational, regulatory, and economic risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: uncertainties related to the USPTO patent application process and the scope of intellectual property protection ultimately granted; challenges in achieving consistent results across different battery chemistries, configurations, and EV platforms; delays in further testing, development, or market readiness of Prototype 2.0; risks related to commercial deployment and market acceptance; changes in industry demand, regulation, or competitive landscape; and general macroeconomic, geopolitical, and capital market conditions. Forward-looking statements reflect the beliefs, assumptions, and expectations of management at the time they are made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable law. 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- Associated Press
Avino Renews ATM Equity Program
VANCOUVER, BC / ACCESS Newswire / June 13, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) ('Avino' or the 'Company') announces that it has filed a prospectus supplement dated June 13, 2025 (the 'Prospectus Supplement') to the Company's short form base shelf prospectus dated May 26, 2025 (the 'Shelf Prospectus') with the securities commissions in each of the provinces and territories of Canada, with the exception of Québec, pursuant to which the Company may, at its discretion and from time to time, distribute common shares (the 'Offered Shares') pursuant to a sales agreement dated June 13, 2023 (the 'Sales Agreement') with Cantor Fitzgerald & Co. (the 'Designated Agent'), H.C. Wainwright & Co. LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners (collectively, with the Designated Agent, the 'Agents'), as agents or as principals, for the distribution of the Offered Shares in the United States (the 'ATMOffering') up to the aggregate sales amount of US$40 million (the 'Maximum Amount'). A corresponding prospectus supplement has been filed with the United States Securities and Exchange Commission (the 'SEC'). 'We have re-established the ATM Offering after the previous offering expired in May 2025, and it will be used strategically as an additional source of financial flexibility if required, subject to regulatory requirements,' said David Wolfin, Avino's President and CEO. The ATM Offering is being made in the United States under the terms of a registration statement on Form F-10, as amended and filed with, and declared effective on May 28, 2025, by the SEC in the United States, and the Shelf Prospectus and Prospectus Supplement filed in each province and territory of Canada, except Quebec; the Registration Statement, Shelf Prospectus and Prospectus Supplement being collectively, the 'Prospectus'). Prospective investors should read the Prospectus (including the documents incorporated by reference therein) for more complete information about the Company and the ATM Offering, including the risks associated with investing in the Company and disclosure with respect to the proposed use of proceeds of the ATM Offering. The sales of the Offered Shares, if any, will be made directly on the NYSE American, or any other trading market for the Offered Shares in the United States or outside of Canada as otherwise agreed between the Agents and the Company, and will be deemed sales of Offered Shares under the Prospectus in transactions that are deemed to be 'at-the-market distributions' as defined in National Instrument 44-102 - Shelf Distributions and Rule 415 of the Securities Act of 1933, as amended. The Offered Shares, if any, will be distributed at the market prices prevailing at the time of sale. As a result, prices may vary between purchasers and during the period of distribution. The ATM Offering will be effective until the earlier of (i) the date that the aggregate gross sales proceeds of the Offered Shares sold under the ATM Offering reaches the Maximum Amount, (ii) the receipt for the Shelf Prospectus ceasing to be effective in accordance with applicable securities laws, and (iii) the termination of the Sales Agreement in accordance with its terms. The Company has agreed to pay the Agents a cash commission up to 3.0% of the gross proceeds of the Offering. The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. There is no certainty that any Offered Shares will be offered or sold under the ATM Offering. Copies of the Shelf Prospectus, Prospectus Supplement and Registration Statement may be obtained on request without charge from: (i) the Company at Suite 900-570 Granville St., Vancouver, British Columbia, V6C 3P1, Canada, telephone (604) 682-3701; or (ii) Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th floor, New York, New York 10022, by email at [email protected]. You may also obtain these documents free of charge under the Company's SEDAR+ profile at and on EDGAR at The Toronto Stock Exchange has conditionally approved the listing of the Offered Shares that may be sold under the ATM Offering. The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the ATM Offering as an 'Eligible Interlisted Issuer' (as such term is defined in the TSX Company Manual). This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Avino: Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry stack tailings facility for more than one year now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here. This news release contains 'forward-looking information' and 'forward-looking statements' (together, the 'forward-looking statements') within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as 'forward-looking statements' are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the distribution of Offered Shares, if any, under the ATM Offering and the benefits associated therewith and the use of net proceeds, if any, of the ATM Offering. expected operations at the Company's mineral properties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as 'expects', 'anticipates', 'plans', 'projects', 'estimates', 'envisages', 'assumes', 'intends', 'strategy', 'goals', 'objectives' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. For Further Information, Please Contact: Investor Relations Tel: 604-682-3701 Email: [email protected] SOURCE: Avino Silver & Gold Mines Ltd. press release
