Latest news with #Sego
Yahoo
3 days ago
- Business
- Yahoo
Sego Resources Announces Changes to the Officers and Options
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") has accepted the resignation of Brent Petterson as CFO of the Company. Mr. Petterson resigned for personal reasons. It has been a pleasure to work with Brent over the years and the board wishes him well in his future endevours. The Board of Directors of Sego has appointed Mr. Paul McGroary, Director as CFO and welcomes his input. Mr. McGroary is an active director of Ontario based VMS Copper Zinc explorer Copper Lake Resources Ltd. Paul has broad business experience and over the last thirty years has been involved with a broad range of public and private companies spanning mining exploration, oil and marketing technology sectors. The Company also announces options to a Director and Consultants to the Company to replace expiring options. A total of 500,000 options at an exercise price of $0.08 has been approved by the Board of Directors. About the Project Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry and gold exploration project located near Princeton, British Columbia. The property is 2,056 hectares in size and is 15 kilometres north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain Project is situated. Sego has received an Award of Excellence for its reclamation work on the Miner Mountain Project. For further information please contact: J. Paul Stevenson, CEO (604) 682-2933 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. No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
U.S. Treasury has put in its final order for pennies. Then what happens?
Say goodbye to your penny jar. The United States Treasury has put in its final order of pennies, and production is expected to end early next year. The demise stems from an order in early February by President Donald Trump. The result: No more penny-pinching, forget about getting a penny for your thoughts, and Ben Franklin's quote about a penny saved being a penny earned may confuse future generations. Here's what you should know. Although production will cease, the coins will still qualify as U.S. currency. Stores will still be able to accept them, and consumers should still be able to use them in cash transactions. Pennies cost about 3.7 cents apiece to produce, according to the 2024 U.S. Mint annual report. On his Truth Social website, Trump said the production is wasteful. Nickels are produced at even more of a loss. In 2024, they cost 13.8 cents to make, according to the U.S. Mint report. Dimes, quarters and half-dollars still cost less than face value to produce. The Department of Treasury has said removing the penny would save the government $56 million a year in material costs, according to multiple sources. Many businesses with cash transactions will likely round to the nearest nickel. James Sego, president of the Professional Numismatists Guild, a non-profit organization focusing on rare coins and paper money, told the Journal Sentinel that even after it stops being used in stores, a penny will still only be worth a penny. "They're probably not worth keeping in hopes that they may go up in value, because there's just too much supply out there," Sego said. Sego recommends that people with large amounts of pennies cash them in at a bank. "The reality is everybody has a giant jar of pennies at home. I don't know one person that doesn't. A big jar is worth $50 or maybe even $100," Sego said. First issued in 1793, the penny is one of the oldest coins produced by the U.S. Mint, which itself was established just a year earlier. The original coin was larger than the currrent one, and made of pure copper, according to the Mint. It featured a woman's head with flowing hair, signifying Lady Liberty. Multiple changes to the design have occurred through the decades. The head of Abraham Lincoln has been on one side since 1909; the "Union shield" has been on the other side since 2010. Canada ended its penny production in 2012 and Australia stopping minting one- and two-cent coins in 1992, according to Govmint website. New Zealand has stopped minting its one-cent, two-cent and five-cent coins, Govmint said. This article originally appeared on Milwaukee Journal Sentinel: Penny production to end early next year. What does that mean?
