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Business Upturn
5 hours ago
- Business Upturn
Q-Gold Resources engages FHB Consulting Services LLC to update the Resource Estimate for Quartz Mountain
By GlobeNewswire Published on July 21, 2025, 16:30 IST TORONTO, July 21, 2025 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd. (TSXV: QGR) ('Q-Gold' or the 'Company') is pleased to announce that it has retained FHB Consulting Services LLC ('FSB Consulting'), a Washington-based geological consulting firm that is independent from the Company, to conduct an updated review and revision of the historical estimate that has not been confirmed by Q-Gold at the later stage mineral exploration project located in south-central Oregon (the 'Quartz Mountain Project') that the Company intends to acquire pursuant to a share exchange agreement dated March 31, 2025 (the 'Acquisition'). For more information about the Acquisition, please see the Company's press release dated April 3, 2025, a copy of which is available under the Company's SEDAR+ profile at This initiative is expected to entail a comprehensive revision of the previous mineral resource estimates, originally completed by M. Lechner in 2012 and later updated in-house by the vendor of the Quartz Mountain Project, Alamos Gold Inc. ('Alamos'), in 2016, prepared by Marc Jutras, Ginto Consulting Inc. As part of the review process, the Company anticipates that FHB Consulting will conduct a field visit to the project site in Oregon. The Company expects that the updated resource estimate will incorporate data from boreholes drilled at Crone Hill and Quartz Butte by Alamos in 2015, as well as historical drilling data from earlier exploration campaigns. The current resource estimate for the Quartz Mountain Project is presented in Table 1. Table 1: Mineral Resources at Quartz Mountain as reported in Alamos' Mineral Reserves and Mineral Resources as at December 31, 2024. Gold Mineral Resources Tonnes (000) Grade (g/t Au) oz Au (000) Measured and Indicated Mineral Resources 12,156 0.87 339 Inferred Resources 39,205 0.91 1.147 Notes to Mineral Reserve and Resource Tables: Alamos' Mineral Reserves and Mineral Resources as at December 31, 2024 are classified in accordance with the Canadian Institute of Mining Metallurgy and Petroleum's 'CIM Standards on Mineral Resources and Reserves, Definition and Guidelines' as per Canadian Securities Administrator's NI 43-101 requirements. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Mineral Resources are exclusive of Mineral Reserves. All Measured, Indicated and Inferred open pit Mineral Resources are pit constrained. The resource is based on a gold price of $1400/oz, with cut-off grades of 0.21 g/t Oxide and 0.6 g/t Sulphide and 65-80% metallurgical recovery. Mineral resources for the Quartz Mountain Project are available on the Alamos' website: Alamos Gold – Quartz Mountain Project United States ( Q-Gold anticipates that this updated assessment will provide a more accurate and current understanding of the mineral resource potential across what the Company believes to be the key target at the Quartz Mountain Project. Q-Gold remains committed to closing the Acquisition and unlocking the potential of what the Company believes to be a sizeable deposit, leveraging modern exploration techniques to build shareholder value. Dr. Andreas Rompel, VP Exploration and Chief Operating Officer of Q-Gold, stated: 'We are very pleased to have engaged such a renowned company to review and update the resource for this gold deposit, which we believe holds significant upside potential within Quartz Mountain and the neighbouring Angle's Camp — areas we intend to explore further in the near future.' About the Existing Quartz Mountain Property The Quartz Mountain Project is an advanced-stage exploration project located in south-central Oregon. Over the years, approximately 100,000 metres of drilling has been conducted, with the majority of work focused on the Crone Hill and Quartz Butte deposits, which host a measured, indicated and inferred mineral resource. Combined with the Angel's Camp property (which, for certainty, comprises a portion of the Quartz Mountain Project), the project covers a large land package which the Company believes offers significant exploration potential (for more information about the Quartz Mountain Project, please see the Company's press release dated April 3, 2025). Qualified Persons The scientific and technical information contained in this press release has been reviewed and approved by Jason Arnold, an independent consultant who is a 'Qualified Person' as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI-43-101') . About Q-Gold Resources Ltd. Q-Gold Resources (TSXV: QGR, OTC: QGLDF) is a publicly traded Canadian-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions. Q-Gold is currently exploring for gold at the past-producing Foley Gold Mine in Mine Centre, Ontario. For further information, contact:Dr. Andreas RompelChief Operating Officer and VP Exploration [email protected] Cell: +1 778 987 9114 Cautionary Notes The content and grades of any mineral deposits at the Company's properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on its properties and it is uncertain if further exploration will result in any target being delineated as a mineral resource. This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's ability to complete the Acquisition (including the requisite concurrent financing) and to explore and develop the Quartz Mountain Project, the Company's expectations of FSB Consulting for its review and update of the current mineral resource at the Quartz Mountain Project, and the Company's beliefs, plans, expectations or intentions for the Quartz Mountain Project, and other matters related thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; successful completion of a financing and the satisfaction of the other closing conditions necessary to complete the Acquisition; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
9 hours ago
- Yahoo
Should You Buy Archer Aviation Stock While It's Below $18?
Key Points Archer Aviation's stock soared as it started its first test flights. It plans to ramp up its production over the next few years. Its stock looks expensive, but it could deserve that premium valuation. 10 stocks we like better than Archer Aviation › Archer Aviation's (NYSE: ACHR) stock rallied more than 150% over the past 12 months. The developer of electric vertical take-off and landing (eVTOL) aircraft impressed the market as it secured more partnerships and inched closer to a full approval of its U.S. air taxi flights. At $13, its stock trades less than $1 below its 52-week high of $13.92 on May 16. But it's still well below Wall Street's top price target of $18, which H.C. Wainwright's analysts set in June. The firm expects that growth to be driven by its expansion of Archer's urban air taxi business, its government contracts, and its diversification into other industries. Should investors buy Archer's stock before it reaches that price? Or is it due for a breather until it generates enough revenue to support its soaring valuations? The bull case for Archer Aviation Archer's Midnight eVTOL aircraft carries a single pilot and four passengers, travels up to 100 miles on a single charge, and can reach a maximum speed of 150 miles per hour. Its drone-like design also makes it easier to land than helicopters in crowded urban areas. Those advantages make the Midnight well-suited for short-range air taxi services. Its top customers already include United Airlines (NASDAQ: UAL), which placed an order for 200 Midnight aircraft; Future Flight Global, which ordered 116 aircraft; and Soracle (a joint venture between Japan Airlines and Sumimoto), which ordered 100 aircraft. Its other new customers include Ethiopian Airlines and Abu Dhabi Aviation. All of those companies plan to launch air taxi routes with Archer's Midnight aircraft in the near future. It recently completed its first test flights in Abu Dhabi, and it aims to start its commercial flights this year. In the U.S., it expects the Federal Aviation Administration (FAA) to grant it a final approval for its commercial flights this year to clear the way for its first air taxi flights. Archer also plans to launch its own first-party air taxi service within the next two years, and it expects its flights to eventually cost about the same as Uber's (NYSE: UBER) premium UberBlack service. To support that launch, it secured a spot as the official air taxi services provider for the Summer Olympics in L.A. in 2028. The automaker Stellantis (NYSE: STLA), one of Archer's top investors, also hired the company as a contract manufacturer for its own branded eVTOL aircraft. Other automakers and aviation companies could eventually follow that lead and hire Archer to produce their own eVTOL aircraft. Archer should also secure more government contracts. It already delivered its first aircraft to the U.S. Air Force (USAF) for testing purposes as part of its contract with the Department of Defense last year, and it's expected to deliver up to five more aircraft to the U.S. Air Force over the next few years. By sticking to that roadmap, Archer aims to produce 10 aircraft in 2025, 48 aircraft in 2026, 252 aircraft in 2027, and 650 aircraft in 2028. That aggressive expansion should be supported by Stellantis' ongoing investments, more rounds of funding, and its new artificial intelligence (AI) partnership with Palantir (NASDAQ: PLTR) to optimize its manufacturing capabilities and aviation systems. If that happens, analysts expect Archer's revenue to soar from $13 million in 2025 to $437 million in 2027. But with an order backlog of about $6 billion, it could grow even larger over the following years as it displaces traditional helicopters with its sleeker, quieter, and greener aircraft. That might be why its insiders bought more than 7 times as many shares as they sold over the past 12 months. The bear case against Archer Aviation Archer has a lot of growth potential, but it isn't generating any meaningful revenue yet. It's expected to lose more than half a billion dollars annually through 2027, which means it will need to keep diluting its own shares and taking on more debt to stay solvent through its expansion. That's why its number of outstanding shares increased by 127% over the past three years. It ended its latest quarter with a manageable debt-to-equity ratio of 0.2, but that was partly because its newly issued shares increased its shareholder equity relative to its total liabilities. A lot of growth has also been baked into Archer's valuations. With a market cap of $7.7 billion, it trades at nearly 18 times its projected revenue for 2027. That might seem reasonable relative to its growing backlog, but it still hasn't scaled up its business yet. Therefore, any disruptions or delays could pop those valuations and crush its stock. Should you invest in Archer Aviation at these levels? Archer Aviation is still a highly speculative stock. That said, I believe its strengths outweigh its weaknesses. It's establishing an early mover's advantage in the nascent eVTOL aircraft market, it's backed by big companies, its backlog is growing, and it has clear plans for the future. If you believe it can achieve its ambitious goals, then it's worth buying as it trades in the low teens. However, you also need to buckle up and brace for a lot of near-term volatility. Should you invest $1,000 in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies and Uber Technologies. The Motley Fool recommends Stellantis. The Motley Fool has a disclosure policy. Should You Buy Archer Aviation Stock While It's Below $18? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business Wire
Mesa Royalty Trust Announces Trust Income for July 2025
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the 'Trust') (NYSE: MTR) announced today the Trust income distribution for the month of July 2025. Unitholders of record on July 31, 2025 will receive distributions amounting to $0.027480528 per unit, payable on October 31, 2025. The Trust received $80,962, all of which came from the New Mexico portion of the Trust's San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company. No income was received in July 2025 from any other working interest owner. This month, after the Trust's payment of administrative expenses, income from the distributable net profits was $51,212. The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust's administrative expenses, among other factors. In addition, as further described in the Trust's most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced, until the Trust increases its cash reserves to a total of $2.0 million in order to provide added liquidity. Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust's Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust's Form 10-K for the year ended December 31, 2024. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
