Latest news with #Plutus
Geek Wire
3 days ago
- Business
- Geek Wire
Seattle entrepreneurs raise cash for new startup aiming to democratize thematic portfolio investing
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory . Plutus co-founders Shashank Chiranewala (left) and Mitren Chinoy. (Plutus Photo) A new startup founded earlier this year is building a marketplace for high-performance model portfolios, aiming to give everyday investors access to strategies traditionally reserved for hedge funds and ultra-wealthy clients. Plutus lets users browse curated, thematic portfolios from independent research providers, select one that fits their goals, and replicate it automatically in their own brokerage accounts. The Seattle-area company is led by longtime engineers Shashank Chiranewala and Mitren Chinoy, who previously started and sold digital form startup Formloge earlier this year for an undisclosed sum. Chiranewala, a former investment banker and program manager at Microsoft and Meta, said he was frustrated by the lack of access to sophisticated investment strategies without multimillion-dollar minimums. At the same time, he noticed a growing ecosystem of independent research firms serving institutional clients but lacking the technology to bring their portfolios to the mass market. Executing complex portfolios manually is a 'Herculean software engineering effort,' said Chiranewala, the company's CEO. Plutus acts as an advisory marketplace between individual investors and providers such as Citrini Research. Its marketplace offers thematic investment strategies — portfolios for AI and tech, or global clean energy, for example. Unlike passive ETFs or mutual funds, the portfolios are designed for automated rebalancing and potential tax advantages. The company takes a cut of subscription fees set by each portfolio provider. Plutus is initially integrating with Interactive Brokers, a publicly traded online brokerage. Chiranewala said they picked the company for its global market exposure and interest rates. The startup is generating revenue from a handful of customers, including family offices, hedge funds, and others. Its software manages more than $35 million in assets. Plutus also recently raised $452,000 from angel investors. The company has five employees. Chinoy, the company's CTO, was previously a senior software engineer at Snowflake and Microsoft.
Cision Canada
02-07-2025
- Business
- Cision Canada
/R E P E A T -- Collective Mining Drills 534 g/t Gold & 40 g/t Silver Over 0.65 Metres at the ME Target and Commences Drilling on Multiple Apollo Look-alike Targets Outlined by a New Gravity Survey/
A new high-grade vein system has been discovered in hole MEC-2 at the ME target (located southeast of Apollo) with assay results as follows: 0.65 metres @ 534.0 g/t gold from 274.5 metres downhole and 0.90 metres @ 47.2 g/t gold from 291.8 metres downhole Shortly after completing hole MEC-2 and at the onset of hole MEC-3, drilling was halted as the preliminary results from the new gravimetric survey were received by the Company, indicating that these holes were drilled outside of the gravity high. The Company interprets the new discovery in hole MEC-2 to be high-grade vein leakage from a potentially large, mineralized breccia body located within the gravity high to its immediate south. Drilling has recommenced at ME targeting the gravity high with additional results expected in due course. A new gravimetric survey was completed over a two-square-kilometre portion of the Guayabales Project covering the corridor running from the Apollo system to the concession boundary with Aris Mining's Marmato mine with compelling highlights as follows: Confidence in the survey is robust as it proved extremely effective in identifying Apollo as a gravity-high due to the high concentration of breccia hosted sulphides in the system. Seven new gravity anomalies, with near-identical gravimetric features to Apollo, have been identified within the survey corridor including one located directly southwest of Apollo named Apollo South, three in the ME target area, one in the X target area and two in the Plutus target area. Diamond drilling with two rigs to test both the ME and X gravimetric high anomalies will commence immediately with the balance of the gravity targets to be tested shortly thereafter. TORONTO, June 30, 2025 /CNW/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce that it has discovered a high-grade vein system at the ME target and the completion of a gravimetric survey on the southeastern portion of Guayabales Project surrounding the Apollo system ("Apollo"). The aim of the survey was to highlight potential targets with Apollo style mineralization within the northwest trending Apollo-to-Marmato corridor. Apollo is the most advanced discovery made to date within the Company's multi-target, Guayabales Project in Caldas, Colombia. The Company currently has nine drill rigs operating as part of its fully funded 70,000 metre drill program for 2025 with seven rigs operating at the Guayabales Project and two rigs turning at the San Antonio Project. Two additional deep capacity rigs are being mobilized to the Guayabales Project to resume testing the high-grade Ramp Zone located at the bottom of the Apollo system in Q3, 2025. Approximately 128,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 90,000 metres at Apollo. There are currently twenty-nine drill holes in the lab with assay results for most of these holes expected in the near term. Ari Sussman, Executive Chairman commented: "The results from the gravity survey are truly exciting. In fact, I believe that the gravity survey is the key breakthrough required to find another Apollo system as large porphyry related funnel breccia bodies (like Apollo) are almost always found in clusters. We are going to aggressively drill as many of the gravity targets as feasible this year and are hopeful that we will be able to deliver another discovery before the end of 2025. The high-grade veins encountered through drilling at the early-stage ME target are very encouraging as they are indicative of a fertile environment for metal deposition. I am excited to be drilling the ME gravity anomaly due south of this hole as our team believes we have a chance at finding a bulk tonnage, mineralized breccia body. With giant hydrothermal systems encompassing both our Guayabales and San Antonio projects and nine rigs turning across the portfolio, our chances of making the next big discovery to complement Apollo have never been stronger." To watch a video of Ari Sussman, Executive Chairman, explain today's results please click on the link here. Details (see Table 1 and Figures 1-6) ME Target Drilling Diamond Hole MEC-2 was drilled to the northeast from Pad ME3 and was directed to intercept the projection of a high-grade geochemical signature encountered at surface. The hole discovered a new high-grade vein system hosted within porphyry quartz diorite and diorite and encountered some sections of crackle and brecciated textures permeated with a mix of sulphides including chalcopyrite, pyrite, sphalerite and galena. Significant assays result for hole MEC-2 are presented below: 0.65 metres @ 534.0 g/t Au and 40 g/t Ag and 0.90 metres @ 47.20 g/t Au and 8 g/t Ag Table 1: Assays Results for Drill Holes MEC-2 True widths are between 60% to 95% and grades are uncut. After completion of drill-hole MEC-2 and at the early onset of hole MEC-3, the Company received preliminary results of the gravimetric survey (details provided in the section below) which show that hole MEC-2 drilled into a gravity low located just outside a large gravity high anomaly now known as the ME gravity anomaly. As a result, drilling of MEC-3 was immediately terminated due to it being directed outside of the gravimetric target. The Company believes that the gravimetric target is a potentially large breccia body enriched in sulphides. Follow up drilling has commenced with results expected in due course. Gravimetric Survey Details A gravimetric geophysical program was completed by ARCE GEOFICOS SAC in June 2025 and covered a total area of 2 km 2 with 414 stations arranged on 50 metres east-west by 100 metres north-south grid. The primary objective of the program was to detect high-density sulphide bearing bodies, similar to Apollo from surface to the maximum depth detection limit of 800 metres. The method consists of measuring variations in the Earth's gravitational field to detect anomalies associated with changes in the density of sub-surface rocks enabling inference of known mineralized bodies like Apollo. The initial phase of the gravimetric survey was focused on the Company's flagship Apollo discovery, and as expected a high-density gravity signature was found which represents the high-grade, sulphide rich, Au-Ag-Cu-W breccia system. Due to the excellent and clear definition of the gravity high at Apollo, the survey was extended to over a two-kilometre square area covering the northwest trending corridor from the Apollo system to the concession boundary with Aris Mining's multi-million-ounce Marmato mine. The second phase of the gravimetric survey expanded the coverage area to encompass the northwest corridor beginning from the concession boundary with the Marmato mine and culminating slightly northwest of Apollo. Results of the total gravimetric survey highlight seven additional and similar gravimetric anomalies to Apollo, all of which are undrilled and commence from or near the surface. Seven new major gravimetric highs have been identified with near identical properties to the gravimetric high at Apollo. Like Apollo, each of these new gravimetric highs begins at or near surface and continues down vertically to the survey depth limit. The names of these new gravity targets are Apollo South, X, ME, ME South 1, ME South 2, Plutus 1 and Plutus 2. The Company is prioritizing two diamond rigs to test all the newly generated gravity anomalies with drilling at the ME target now underway and drilling at X expected to commence shortly. A detailed summary of the various gravimetric targets is as follows: The Apollo South gravity anomaly is a new target located a mere 250 metres southwest of the Company's flagship Apollo system. The gravimetric characteristics of the anomaly are identical to Apollo with Apollo South potentially being the other half of the Apollo system. The X gravity anomaly is another greenfield target located 1 km south of Apollo within the X Target area. A maiden drill program at the X target is expected to commence in two weeks with drilling to target an outcropping mineralized breccia body on the flank of the gravimetric high anomaly. The ME gravity anomaly and the two ME South gravity anomalies are located between 0.6 kilometre and 1 kilometre to the southeast of Apollo. All three anomalies share similar characteristics to the gravity anomaly covering the Apollo system with drilling now underway to test the ME gravity anomaly. The greenfield Plutus gravity anomalies 1 and 2 are located up to one kilometre east of Apollo. The Plutus 1 anomaly is of particular interest given its large size and continuity of over 700 vertical metres. Previous surface sampling above the anomaly has encountered strong quartz diorite hosted gold-copper porphyry mineralization. Other The Company completed three diamond drill holes into the Tower target area and failed to encounter any significant mineralization. Additionally, it is now clear from the gravimetric survey that the Tower target locates in a gravity low. As a result, the Tower target has been downgraded, and no further drilling is contemplated in the future. About Collective Mining Ltd. To see our latest corporate presentation and related information, please visit Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines. The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company's objectives are to improve the overall grade of the Apollo system by systematically drill testing newly modeled potentially high-grade sub-zones, expand the Apollo system by stepping out along strike to the north and expanding the newly discovered high-grade Ramp Zone along strike and to depth and drill a series of less advanced or newly generated targets including Trap, the Knife and X. Additionally, the Company has launched its largest drilling campaign in history at the San Antonio Project as it hunts for a large bulk-tonnage porphyry system. Management, insiders, a strategic investor and close family and friends own 44.5% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on both the NYSE and TSX under the trading symbol "CNL". Qualified Person (QP) and NI43-101 Disclosure David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG). Technical Information Samples were cut by Company personnel at Collective Mining's core facility in Caldas, Colombia. Diamond drill core was sawed and then sampled in maximum 2 metres intervals, stopping at geological boundaries. Drill hole core diameter is a mix of PQ, HQ and NQ depending on the depth of the drill hole. Core samples have been prepared and analyzed at ALS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program. Information Contact: Follow Executive Chairman Ari Sussman (@Ariski73) on X Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative 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) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 24, 2025. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
Cision Canada
30-06-2025
- Business
- Cision Canada
Collective Mining Drills 534 g/t Gold & 40 g/t Silver Over 0.65 Metres at the ME Target and Commences Drilling on Multiple Apollo Look-alike Targets Outlined by a New Gravity Survey
A new high-grade vein system has been discovered in hole MEC-2 at the ME target (located southeast of Apollo) with assay results as follows: 0.65 metres @ 534.0 g/t gold from 274.5 metres downhole and 0.90 metres @ 47.2 g/t gold from 291.8 metres downhole Shortly after completing hole MEC-2 and at the onset of hole MEC-3, drilling was halted as the preliminary results from the new gravimetric survey were received by the Company, indicating that these holes were drilled outside of the gravity high. The Company interprets the new discovery in hole MEC-2 to be high-grade vein leakage from a potentially large, mineralized breccia body located within the gravity high to its immediate south. Drilling has recommenced at ME targeting the gravity high with additional results expected in due course. A new gravimetric survey was completed over a two-square-kilometre portion of the Guayabales Project covering the corridor running from the Apollo system to the concession boundary with Aris Mining's Marmato mine with compelling highlights as follows: Confidence in the survey is robust as it proved extremely effective in identifying Apollo as a gravity-high due to the high concentration of breccia hosted sulphides in the system. Seven new gravity anomalies, with near-identical gravimetric features to Apollo, have been identified within the survey corridor including one located directly southwest of Apollo named Apollo South, three in the ME target area, one in the X target area and two in the Plutus target area. Diamond drilling with two rigs to test both the ME and X gravimetric high anomalies will commence immediately with the balance of the gravity targets to be tested shortly thereafter. TORONTO, June 30, 2025 /CNW/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce that it has discovered a high-grade vein system at the ME target and the completion of a gravimetric survey on the southeastern portion of Guayabales Project surrounding the Apollo system ("Apollo"). The aim of the survey was to highlight potential targets with Apollo style mineralization within the northwest trending Apollo-to-Marmato corridor. Apollo is the most advanced discovery made to date within the Company's multi-target, Guayabales Project in Caldas, Colombia. The Company currently has nine drill rigs operating as part of its fully funded 70,000 metre drill program for 2025 with seven rigs operating at the Guayabales Project and two rigs turning at the San Antonio Project. Two additional deep capacity rigs are being mobilized to the Guayabales Project to resume testing the high-grade Ramp Zone located at the bottom of the Apollo system in Q3, 2025. Approximately 128,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 90,000 metres at Apollo. There are currently twenty-nine drill holes in the lab with assay results for most of these holes expected in the near term. Ari Sussman, Executive Chairman commented: "The results from the gravity survey are truly exciting. In fact, I believe that the gravity survey is the key breakthrough required to find another Apollo system as large porphyry related funnel breccia bodies (like Apollo) are almost always found in clusters. We are going to aggressively drill as many of the gravity targets as feasible this year and are hopeful that we will be able to deliver another discovery before the end of 2025. The high-grade veins encountered through drilling at the early-stage ME target are very encouraging as they are indicative of a fertile environment for metal deposition. I am excited to be drilling the ME gravity anomaly due south of this hole as our team believes we have a chance at finding a bulk tonnage, mineralized breccia body. With giant hydrothermal systems encompassing both our Guayabales and San Antonio projects and nine rigs turning across the portfolio, our chances of making the next big discovery to complement Apollo have never been stronger." To watch a video of Ari Sussman, Executive Chairman, explain today's results please click on the link here. Details (see Table 1 and Figures 1-6) ME Target Drilling Diamond Hole MEC-2 was drilled to the northeast from Pad ME3 and was directed to intercept the projection of a high-grade geochemical signature encountered at surface. The hole discovered a new high-grade vein system hosted within porphyry quartz diorite and diorite and encountered some sections of crackle and brecciated textures permeated with a mix of sulphides including chalcopyrite, pyrite, sphalerite and galena. Significant assays result for hole MEC-2 are presented below: 0.65 metres @ 534.0 g/t Au and 40 g/t Ag and 0.90 metres @ 47.20 g/t Au and 8 g/t Ag Table 1: Assays Results for Drill Holes MEC-2 True widths are between 60% to 95% and grades are uncut. After completion of drill-hole MEC-2 and at the early onset of hole MEC-3, the Company received preliminary results of the gravimetric survey (details provided in the section below) which show that hole MEC-2 drilled into a gravity low located just outside a large gravity high anomaly now known as the ME gravity anomaly. As a result, drilling of MEC-3 was immediately terminated due to it being directed outside of the gravimetric target. The Company believes that the gravimetric target is a potentially large breccia body enriched in sulphides. Follow up drilling has commenced with results expected in due course. Gravimetric Survey Details A gravimetric geophysical program was completed by ARCE GEOFICOS SAC in June 2025 and covered a total area of 2 km 2 with 414 stations arranged on 50 metres east-west by 100 metres north-south grid. The primary objective of the program was to detect high-density sulphide bearing bodies, similar to Apollo from surface to the maximum depth detection limit of 800 metres. The method consists of measuring variations in the Earth's gravitational field to detect anomalies associated with changes in the density of sub-surface rocks enabling inference of known mineralized bodies like Apollo. The initial phase of the gravimetric survey was focused on the Company's flagship Apollo discovery, and as expected a high-density gravity signature was found which represents the high-grade, sulphide rich, Au-Ag-Cu-W breccia system. Due to the excellent and clear definition of the gravity high at Apollo, the survey was extended to over a two-kilometre square area covering the northwest trending corridor from the Apollo system to the concession boundary with Aris Mining's multi-million-ounce Marmato mine. The second phase of the gravimetric survey expanded the coverage area to encompass the northwest corridor beginning from the concession boundary with the Marmato mine and culminating slightly northwest of Apollo. Results of the total gravimetric survey highlight seven additional and similar gravimetric anomalies to Apollo, all of which are undrilled and commence from or near the surface. Seven new major gravimetric highs have been identified with near identical properties to the gravimetric high at Apollo. Like Apollo, each of these new gravimetric highs begins at or near surface and continues down vertically to the survey depth limit. The names of these new gravity targets are Apollo South, X, ME, ME South 1, ME South 2, Plutus 1 and Plutus 2. The Company is prioritizing two diamond rigs to test all the newly generated gravity anomalies with drilling at the ME target now underway and drilling at X expected to commence shortly. A detailed summary of the various gravimetric targets is as follows: The Apollo South gravity anomaly is a new target located a mere 250 metres southwest of the Company's flagship Apollo system. The gravimetric characteristics of the anomaly are identical to Apollo with Apollo South potentially being the other half of the Apollo system. The X gravity anomaly is another greenfield target located 1 km south of Apollo within the X Target area. A maiden drill program at the X target is expected to commence in two weeks with drilling to target an outcropping mineralized breccia body on the flank of the gravimetric high anomaly. The ME gravity anomaly and the two ME South gravity anomalies are located between 0.6 kilometre and 1 kilometre to the southeast of Apollo. All three anomalies share similar characteristics to the gravity anomaly covering the Apollo system with drilling now underway to test the ME gravity anomaly. The greenfield Plutus gravity anomalies 1 and 2 are located up to one kilometre east of Apollo. The Plutus 1 anomaly is of particular interest given its large size and continuity of over 700 vertical metres. Previous surface sampling above the anomaly has encountered strong quartz diorite hosted gold-copper porphyry mineralization. Other The Company completed three diamond drill holes into the Tower target area and failed to encounter any significant mineralization. Additionally, it is now clear from the gravimetric survey that the Tower target locates in a gravity low. As a result, the Tower target has been downgraded, and no further drilling is contemplated in the future. About Collective Mining Ltd. To see our latest corporate presentation and related information, please visit Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines. The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company's objectives are to improve the overall grade of the Apollo system by systematically drill testing newly modeled potentially high-grade sub-zones, expand the Apollo system by stepping out along strike to the north and expanding the newly discovered high-grade Ramp Zone along strike and to depth and drill a series of less advanced or newly generated targets including Trap, the Knife and X. Additionally, the Company has launched its largest drilling campaign in history at the San Antonio Project as it hunts for a large bulk-tonnage porphyry system. Management, insiders, a strategic investor and close family and friends own 44.5% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on both the NYSE and TSX under the trading symbol "CNL". Qualified Person (QP) and NI43-101 Disclosure David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG). Technical Information Samples were cut by Company personnel at Collective Mining's core facility in Caldas, Colombia. Diamond drill core was sawed and then sampled in maximum 2 metres intervals, stopping at geological boundaries. Drill hole core diameter is a mix of PQ, HQ and NQ depending on the depth of the drill hole. Core samples have been prepared and analyzed at ALS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program. Information Contact: Follow Executive Chairman Ari Sussman (@Ariski73) on X Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative 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) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 24, 2025. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
Yahoo
29-05-2025
- Business
- Yahoo
Trident Resources Announces Appointment of Scott Broughton as Strategic Advisor
Vancouver, BC, May 29, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) ('Trident' or the 'Company') is pleased to announce the appointment of Mr. Scott Broughton as a Strategic Advisor. Scott Broughton is an accomplished mine development and minerals exploration professional with global experience in the mining sector for over 35 years. He has worked in diverse geographic and technical settings with international consulting practices including time at Stantec, BGC and Klohn Crippen Berger. Mr. Broughton has also led several public and private mineral exploration businesses focused on gold, copper, lead/zinc, and industrial minerals. His work has been recognized by governments and industry associations for excellence in community engagement, permitting and the environment. Mr. Broughton has an extensive mining network and has served as past chair of the Mining Association of British Columbia (MABC) and a director of the Association of Mineral Explorers of BC (AMEBC). Jon Wiesblatt, Trident's CEO and a Director, commented: "I am excited to welcome Scott as a strategic advisor to our emerging, pure-play Saskatchewan advanced-stage exploration company. Scott's exploration and engineering experience will be crucial as we advance our projects. Specifically, as we explore at Contact Lake, a past producing, high-grade, underground operation, Mr. Broughton's skillset will become very useful in helping to achieve success at the project." Trident Engages Strategic Marketing Groups: Trident has entered into an agreement with Plutus Invest and Consulting GmbH ('Plutus'), pursuant to which Plutus will provide the Company with marketing and communications services for a twelve-month term commencing on May 28th, 2025. The marketing services provided by Plutus will include consulting with the Company's management in building investor awareness through Plutus' network in Europe. The Company has agreed to pay Plutus a fee of CAD $120,000, payable upon the commencement of services and over the term. Plutus is arm's length to the Company and Plutus does not have any interest, direct or indirect, in the Company or its securities. The Company's engagement with Plutus is subject to the acceptance of the TSX Venture Exchange. Trident has also engaged Resource Stock Digest ('RSD') for a 3-month advertising and marketing program, commencing on May 28th, 2025, for a total cost of USD $125,000 payable prior to commencement of the campaign. The services provided by RSD to the Company relate to interviews and content creation that is distributed to RSD's subscriber base. The Company is an RSD Website Sponsor and will have a Featured Company Banner on the RSD website and will continue for the duration of the agreement. RSD is arm's length to the Company and does not have any interest, direct or indirect, in the Company or its securities. The Company's engagement with RSD is subject to the acceptance of the TSX Venture Exchange. About Trident Resources Corp.: Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource. Trident's Project Portfolio Map: To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company's website at Trident Resources Corp. Jonathan Wiesblatt, Chief Executive OfficerEmail: For further information contact myself or:Andrew J. Ramcharan, PhD, Corporate Communications Trident Resources Corp.Telephone: 647-309-5130Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@ NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. Forward-Looking Information and Statements This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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 or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information. Sign in to access your portfolio
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18-05-2025
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80 Million Cardano in 48 Hours: Whales Buying ADA Dip?
According to CoinMarketCap data, Cardano, the ninth-largest cryptocurrency by market capitalization, is trading at $0.762, down 1.38% in the last 24 hours and 4.05% in the last seven days. Amid a broader market drop in the past week, Cardano fell for four straight days since May 14. Cardano had achieved a high of $0.864 on May 12, but bulls were unable to sustain momentum as investors considered macroeconomic concerns. ADA is currently attempting a recovery, with prices reaching intraday highs of $0.766 in the early Sunday session, but the price remains in the red daily. Amid the price drop, large holders referred to as whales appear to be scooping up Cardano at a discount. According to crypto analyst Ali, who cited data from Santiment, whales have bought over 80 million ADA in just the last 48 hours, even as the Cardano price fell. Whales have bought over 80 million #Cardano $ADA in the last 48 hours, according to data from @santimentfeed! May 17, 2025 This accumulation trend by whales suggests that smart money is taking advantage of lower prices to load up on ADA, potentially betting on a rebound once broader market sentiment improves. In the event of a market recovery, the focus would be on Cardano regaining the daily SMA 200 at $0.805 before moving to $0.864. If this is accomplished, ADA may target $1 next. In the case of a dip, support is expected at $0.72, ahead of the daily SMA 50 of $0.684. Cardano continues to expand According to the most recent information published by Input Output, Cardano continues to show steady growth across ecosystem metrics. The number of projects underway has risen to 1,999, with delegated wallets remaining steady at 1.33 million. On-chain activity also increased, with 109.37 million transactions completed and native assets reaching 10.79 million under 214,832 token policies. Smart contract deployment is strong, with 133,417 Plutus scripts and 6,640 Aiken scripts, representing a 0.49% increase in script activity over the previous week. Governance engagement has increased as well, with 1,305 DReps, 954 of which are active, up 1% from the previous figure. The 224 GitHub commits represent developer enthusiasm and indicate ongoing contributions across Cardano's codebase.
