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June 25, 2025

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As the cycle of uncertainty continues to yield confusion than clarity, investors are again caught having to decide between taking an offensive and defensive posture in the market. The tough part in today’s market environment is how fast situations can shift. With headlines driving the action, sentiment can flip on a dime. So how do you position yourself when breaking news drives the market?

No one can predict how the stock market will play out in the coming months. But keeping an eye on the ratio of “offense” to “defense” stocks can offer some clues. This may not give you a decisive trade scenario, but it can provide a clearer context that can help you form a more bullish or bearish decisive bias.

For this article, let’s refer to the StockCharts Market Summary tool and zoom in on the Technology vs. Utilities ratio (XLK:XLU), which you can find in the Key Ratios – Offense vs Defense panel.

Why XLK:XLU Ratio Matters

This ratio compares the Technology Select Sector SPDR Fund (XLK) with the Utilities Select Sector SPDR Fund (XLU), both being sector proxies (see the one-year ratio chart below).

FIGURE 1. TECH VS UTILITIES RATIO: From a one-year perspective, utilities have outperformed tech.

The key question is whether capital will continue chasing innovation and growth or seek shelter in the relative stability of power grids and water systems. The answer, when it eventually comes, could signal the economy’s next move.

On the one-year chart, the XLK:XLU ratio shows an attempted recovery from a general decline. Note how the ratio percentage is negative. That’s because, over the past year, utilities have generally performed stronger than tech. But we’re seeing tech’s performance strengthening, and a sustained move toward (and eventually into) positive territory would suggest a stronger shift in bullish sentiment.

Notably, XLK and XLU are trading at their respective highs, with XLK already breaking above it. The question remains which sector may be topping or outpacing the other in a more sustained manner.

XLK Breaks Higher: A Bullish Signal?

Here’s a daily chart of XLK.

FIGURE 2. DAILY CHART OF XLK. A proxy for the tech sector, XLK has broken above resistance. The key question now is whether it can hold above this level and follow through, or if it’s topping out amid the current geopolitical uncertainties.

XLK’s surge from its April bottom, including the gap above $243, signals bullish momentum. It’s also trading above the 200-day simple moving average (SMA) while its StockCharts Technical Rank (SCTR) score has climbed above 76, signaling technical strength. Volume-wise, the Chaikin Money Flow (CMF) shows renewed strength in buying pressure, though CMF levels are down considerably since their highest levels in May.

XLU’s Rally: Strong, But Losing Steam

Compare XLK’s chart to XLU’s daily chart.

FIGURE 3. DAILY CHART OF XLU. The Utilities sector is challenging its highs, but is XLU losing steam, and will XLK eventually outpace it?

XLU is attempting to challenge its highs near the $82.50 range, though it hasn’t penetrated the top. Its SCTR score is also bullish at 77, though it’s not as convincing as that of XLK. XLU’s CMF reading also shows weakened buying pressure, as its levels are barely hovering above the zero line.

What These Charts Are Saying

Taken together, these charts aren’t about calling the next big trade. They’re about reading near-term sentiment and getting a feel for where investors think the economy is headed amid this tense geopolitical backdrop.

When both offense and defense are rising, it suggests uncertainty, with capital flowing in both directions. But when one sector pulls ahead, it may signal where institutional money is placing its bets. Whether you’re a short-term trader or long-term investor, tracking this ratio can help anchor your outlook, especially as global events continue to fuel market volatility.

Keep XLK and XLU on your ChartLists and continue to monitor this ratio, along with other comparative tools on the Market Summary page. Also, pay close attention to news developments.

At the Close

The XLK:XLU ratio might not give you the most comprehensive or surefire signal about investor sentiment, but it’s an important piece of the puzzle. It can help you see the bigger picture, which is a crucial step before placing any trades.


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

Join Dave as he shares how he uses the power of Fibonacci retracements to anticipate potential turning points. He takes viewers through the process of determining what price levels to use to set up a Fibonacci framework, and, from there, explains what Fibonacci retracements are telling him about the charts of NCLH, RTX, and the S&P 500

This video originally premiered on June 24, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

The stock market has been on quite the rollercoaster of late, thanks to news headlines. But investors seem to have shrugged off the past weekend’s geopolitical tensions, at least for now. 

On Tuesday, we saw a surge of enthusiasm. Investors were diving back into stocks and selling off their oil and precious metals holdings. Last week, oil prices spiked amid Middle East tensions, but have now fallen to pre-conflict levels. After what felt like a few weeks of the market moving sideways, maybe the stock market got the catalyst it needed to push the major indexes out of their trading range. A ceasefire between Israel and Iran was enough to get things going.

Stocks Get a Boost

Tuesday’s positive tone helped move the stock market higher, with the S&P 500 ($SPX) closing up 1.1%, finally breaking above the top of its trading range. The Nasdaq Composite ($COMPQ) followed suit, with both indexes within spitting distance of their all-time highs. The Nasdaq 100 ($NDX), which closed 1.53% higher, hit a new all-time high. And let’s not forget the Dow Industrials ($INDU), which is also making a strong attempt to push through key resistance levels, even though it’s a little bit further from its all-time high.

Given the Nasdaq 100’s strong performance on Tuesday, it’s worth taking a closer look at the daily chart of the Invesco QQQ Trust (QQQ).

FIGURE 1. DAILY CHART OF QQQ. The ETF hit a new high on June 24 with a potential Golden Cross. If the relative strength index and percentage price oscillator confirm upside momentum, QQQ could rise higher.Chart source: StockCharts.com. For educational purposes.

Besides hitting a new high, note that the 50-day simple moving average (SMA) crossed above the 200-day SMA. This is referred to as a Golden Cross and can be an early sign of bullishness. While it’s not a guaranteed “green light” at such an early stage, it’s worth watching to see if the 50-day SMA continues to stay above the 200-day SMA.

The relative strength index (RSI) is getting closer to overbought territory. If it crosses above 70, it would be another sign of strong bullish momentum. Similarly, the percentage price oscillator (PPO) needs to move into positive territory, meaning the shorter moving average should cross above the longer one. They’re close, but remember these are lagging indicators, meaning they’ll confirm trends that are already underway. Thus, if the 50-day SMA remains above the 20-day SMA, RSI crosses above 70, and PPO confirms upside momentum, it would confirm further upside move in QQQ.

Another interesting point to note: The Cboe Volatility Index ($VIX) closed at 17.48, which suggests investors are relatively complacent. The VIX was relatively subdued during the Middle East conflict, hitting a high of around 22. With less fear, the charts of the major indexes look like they’re going to hit fresh highs. On Tuesday, Technology, Financials, and Communication Services were the top-performing sectors.

Tech Regains Lead

The Technology sector was powered by semiconductors, which have been driving the market lately. The VanEck Vectors Semiconductor ETF (SMH) has broken above the range it’s been trading within for the last couple of weeks and is now close to its 52-week high (see daily chart of SMH below).

FIGURE 2. DAILY CHART OF SMH. Semiconductors have been driving the stock market lately and broke out above the range from the last couple of weeks.Chart source: StockCharts.com. For educational purposes.

Looking at individual stocks, NVIDIA Corp. (NVDA) was the most actively traded S&P 500 stock. A handful of big names are hitting new all-time highs, too; this includes Broadcom, Inc. (AVGO), Cisco Systems, Inc. (CSCO), International Business Machines (IBM), JP Morgan Chase (JPM), Microsoft Corp. (MSFT), and Netflix Inc. (NFLX), just to name a few. For the complete list, check out the “New Highs” panel in your StockCharts Dashboard; you’ll likely notice a significant percentage of tech stocks on the list.

The positive price action on Tuesday suggests investors are rotating into growth stocks, which signals further upside moves in the S&P 500 and Nasdaq stocks. Here’s a more encouraging sign: even the S&P 500 Equal-Weighted Index ($SPXEW) is breaking out and moving towards its highs. This indicates that the market’s strength isn’t limited to a few big, heavily-weighted growth stocks; participation is much broader.

Travel Stocks Get a Lift

Beyond tech stocks, consumer discretionary stocks also traded higher. The top three performers in the Consumer Discretionary sector were Carnival Corp. (CCL), Norwegian Cruise Lines Holdings (NCLH), and Caesars Entertainment (CZR). The MarketCarpet for the Consumer Discretionary sector below shows travel stocks were strong performers on Tuesday.

FIGURE 3. MARKETCARPET FOR THE CONSUMER DISCRETIONARY SECTOR. The table on the right shows CCL, NCLH, and CZR were the top performers.Image source: StockCharts.com. For educational purposes.

CCL’s stock price gapped up after the company reported strong earnings and guidance. An increase in cruise line bookings indicates consumer sentiment is strong. As a result, cruise lines and travel stocks traded higher. This goes against June’s Consumer Confidence report, which showed weakening confidence. It didn’t seem to impact the market, but it may come back to bite us depending on what news headlines we are likely to receive on Wednesday.

Closing Position

Tuesday’s price action suggests that equities are back on their bullish track after a period of consolidation. Will the upside move hold, or will a negative news headline bring the bears back into the market?

This is where your StockCharts tools come in handy! Keep a close eye on the performance of the major indexes and other helpful indicators such as the RSI and PPO. By using these tools, you can stay on top of the stock market and make investment decisions with greater confidence.


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

Germany and Italy are facing mounting domestic pressure to repatriate more than a third of their gold reserves — worth an estimated US$245 billion — currently held in New York by the US Federal Reserve.

Germany and Italy hold the world’s second and third largest gold reserves, trailing only the US. A substantial portion of this metal is stored overseas, primarily in Manhattan’s Federal Reserve Bank.

This longstanding arrangement, based largely on postwar financial realities and New York’s role as a major global gold-trading hub, is now being questioned by officials and commentators across Europe’s political spectrum.

Fabio De Masi, a former member of European Parliament now affiliated with Germany’s new left-wing populist BSW party, told the Financial Times there are “strong arguments” to bring more of Germany’s bullion back home.

Taxpayers Association of Europe (TAE) President Michael Jäger echoed the same sentiments last month: ‘Trump wants to control the Fed, which would also mean controlling the German gold reserves in the US,’ he told Reuters.

‘It’s our money, it should be brought back.’

Similar calls are being echoed in Italy, where economic commentator Enrico Grazzini recently warned that “leaving 43 per cent of Italy’s gold reserves in America under the unreliable Trump administration is very dangerous for the national interest.’ He was writing in Il Fatto Quotidiano ahead of Prime Minister Giorgia Meloni’s visit to Washington.

Fueling this renewed concern are statements made by US President Donald Trump, who earlier this month warned that he may have to “force something” if the US Federal Reserve does not lower interest rates.

Trump has also made direct appeals to the Department of Energy to stimulate oil production, signaling what critics interpret as increasing politicization of independent institutions like the Fed.

The TAE has urged both Germany and Italy to reconsider their reliance on the Fed. “We are very concerned about Trump tampering with the Federal Reserve Bank’s independence,” Jäger said. “Our recommendation is to bring the (German and Italian) gold home to ensure European central banks have unlimited control over it at any given point in time.”

Public skepticism over the safety of foreign gold holdings is not new.

In Germany, a grassroots movement that began in 2010 eventually prompted the Bundesbank to repatriate 674 metric tons of gold from New York and Paris between 2013 and 2017. The operation, which cost 7 million euros, resulted in half of Germany’s reserves being stored domestically by 2020. Nevertheless, 37 percent of its gold remains in the US.

Meloni’s Brothers of Italy party once echoed similar sentiments while in opposition, pledging in 2019 to bring Italy’s gold back home. But since assuming power in 2022, Meloni has largely gone silent on the issue.

Skepticism about US stewardship is not limited to political rhetoric.

According to the World Gold Council’s latest survey on central bank gold reserves, 43 percent of the central banks surveyed plan to increase their gold holdings in the coming year — a record high.

The overwhelming majority of respondents (95 percent) expect global central bank gold reserves to keep rising, citing gold’s performance during crises, its inflation-hedging capabilities and its role as a diversifier. Notably, 59 percent of central banks surveyed reported holding at least part of their gold reserves domestically, up from 41 percent in 2024.

Although the Bank of England remains the most popular vaulting location, the World Gold Council’s survey reveals growing caution over US custodianship: only 7 percent of respondents said they planned to increase domestic storage last year, but the figure jumped significantly in 2025.

New bill calls for US gold audit

Adding another layer of complexity is the push in Washington for greater transparency about America’s gold reserves. House Bill 3795, introduced by Representative Thomas Massie and backed by three co-sponsors, calls for the first comprehensive audit of US gold holdings in over six decades.

The bill would mandate a full inventory and assay of gold stored at Fort Knox, West Point and the Denver Mint, as well as a forensic accounting of all transactions involving US gold over the last 50 years.

“The question as to who actually owns the bars outright is really the most crucial question. And if it is shown that America does not actually own the gold, if the gold is there, but America does not own it, (or) if it has been pledged or leased or swapped or otherwise encumbered in any way … this would be a huge, huge detriment to the US and the global economy.”

Cortez emphasized that prior audits of US gold reserves have been insufficient.

“These aren’t audits that have been done on the metal itself, but rather the storage containers that the metal is supposedly stored in,’ he said. “Owners or operators of a depository who functioned like this would go to jail.”

He also pointed out that much of the gold held by the US government is impure by modern market standards, having been melted down from older coinage. That means even if the bars are there, refinement questions will remain.

While Trump has not explicitly endorsed HB 3795, he has expressed interest in the issue, stating, ‘We’re actually going to Fort Knox to see if the gold is there. Because maybe somebody stole the gold. Tons of gold.’

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce that it has engaged experienced capital markets and strategic advisors to support the advancement of its Fremont Mine in Mariposa, California. These advisors will assist in securing strategic investors and partners as the Company moves into the next phase of development.

As part of its current development strategy, Lode Gold is also engaging with mining contractors and progressing with engineering evaluations aimed at optimizing the mine plan and initiating permitting. The Company’s evaluation is focused on three key priorities:

  • High-grading during early production years to enhance initial project economics
  • Scaling production to over 100,000 ounces per year in later phases

‘Our objective is to take a disciplined and scalable approach to developing the Fremont Project,’ said Wendy T. Chan, CEO and Director at Lode Gold. ‘By securing the right strategic partnership, we will focus on various technical initiatives to optimize project economics, expedite permitting and get to production in near term. Being in a jurisdiction that is now increasingly aligned with domestic resource development, Fremont presents an interesting investment opportunity.’

The Fremont Mine is an advanced-stage exploration and development asset, on 100% private and patented land. It is located in Mariposa, an Opportunity Zone designated to attract investments with tax incentives provided by Trump’s Administration. The 2023 Preliminary Economic Assessment (PEA) outlined positive project economics at a gold price of USD $1,750, based on an annual production rate of approximately 130,000 ounces. More recently, an NI 43 -101 compliant mineral resource estimate (MRE 2025) was completed with a new geological model that separately evaluated vein and stockwork mineralization. Only 8% of the total mineral resource, filed at SEDAR+ (April 2025) has been extracted, mostly in the first 250 m. At a 1 g/t cut-off, the average true width is 53 m (at 3 g/t cut-off, the width is 16.8 m).

Upcoming Near Term 2025-2026 Catalysts:

  • Rehabilitation of 2 km underground workings
  • Expedite access to two adits, out of a total of 14
  • Channel sampling to upgrade resources to M&I
  • Metallurgy and Recovery Studies
  • Geotechnical work and rock mechanics assessments
  • Drilling 3,000 m to initiate Pre-Feasibility Study
  • Completion of Pre-Feasibility Study (underground bulk mining and other optimized methods will be evaluated)

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its assets in Yukon sit on the southern portion of the prolific Tombstone Belt. It covers 99.5 km2 across a 27 km strike.  Over 4,500 m have been drilled with confirmed gold endowment and economic drill intercepts over 50 m. There are four reduced-intrusive targets (RIRGS), in addition to sedimentary-hosted orogenic exploration gold.

In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd. (soon to be spun out into Gold Orogen), has created one of the largest land packages with its Acadian Gold Joint Venture, consisting of an area that spans 445 km2 with a 44 km strike. It has confirmed gold endowment with mineralized rhyolites.

In preparation for the spin-out, NI 43 101 technical reports have been prepared for all assets in Yukon and New Brunswick in 2024.

In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. According to the NI 43- 101 Compliant 2025 MRE, the asset contains 1.3 Moz at 4.4 g/t (3 g/t cut-off) with an average true width: 16.8 m.

Fremont was previously mined at 10.7 g/t. During gold mining prohibition in WWII, its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. This asset has exploration upside and is open at depth (three step-out holes at 1,300 m hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 m drilled, 23 km of underground workings and 14 adits. The project has excellent infrastructure and is close to electricity, water, roads, railhead and port.

Recently, the Company completed an internal scoping study, with a strategic pivot to 100% underground mining. Previously, in March 2023, the Company completed an NI 43-101 Preliminary Economic Assessment (‘PEA’) with an open pit and underground combination mine. The NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com).

Qualified Person Statement

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

ON BEHALF OF THE COMPANY
Wendy T. Chan 
CEO & Director

Information Contact:

Winfield Ding 
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Jenna Mosher 
Investor Relations
jenna@lode-gold.com
+1 (604) -977-GOLD (4653) 

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

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.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256755

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(TheNewswire)

TORONTO, ON TheNewswire – June 25, 2025 –Silver Crown Royalties Inc. (‘Silver Crown’, ‘SCRi’, the ‘Corporation’, or the ‘Company’) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) reports that all resolutions proposed to shareholders at the annual general meeting of shareholders (held on June 24, 2025) were approved, including the election of all of the director nominees listed in the management information circular for the meeting. Please refer to the report of voting results filed under SCRi’s profile at www.sedarplus.ca for further details.

Voting as to each of the director nominees was as follows:

DIRECTORS

VOTES FOR

VOTES WITHHELD

Peter Bures

201,149

100%

0

0%

Peter Schloo

201,149

100%

0

0%

Peter Simeon

201,149

100%

0

0%

Philip van den Berg

201,149

100%

0

0%

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. 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. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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(TheNewswire)

L’équipe Charbone servira de conseiller expert auprès d’un groupe financier privé malaisien pour le développement et la construction de leur première usine de production modulaire et évolutive dans la région Asie-Pacifique.

Brossard (Québec) TheNewswire – le 25 juin 2025 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), une rare compagnie cotée en bourse spécialisée dans la production et la distribution d’hydrogène vert en Amérique du Nord, a le plaisir d’annoncer la signature d’une entente-cadre de collaboration avec Green Hydrogen ASIAPAC SDN BHD pour soutenir le déploiement de leur première usine phare de production de dihydrogène ultrapur (UHP) en Malaisie, basée sur le modèle modulaire et évolutif de Charbone. Cette approche de production de distribution décentralisée, destinée aux utilisateurs finaux, s’inscrira dans un nouvel écosystème durable en Malaisie et pourrait être étendue à la région Asie-Pacifique, où Charbone pourrait mettre à profit son expertise.

Grâce à cette entente de collaboration, Charbone apportera son expérience dans divers domaines du développement, de la construction et de l’exploitation d’un projet complet. Cela comprend, entre autres, le choix du site, l’interconnexion, les contrats d’achat et de vente d’électricité, la conception initiales (FEED), l’ingénierie et le financement du projet, ainsi que l’identification et la sélection des fournisseurs appropriés, notamment pour les équipes d’ingénierie, et les équipements de production et de distribution.

Charbone partagera sa vaste expérience et ses connaissances acquises au cours des cinq dernières années et les monétisera. En retour, elle diversifiera et augmentera ses sources de revenus grâce à une approche collaborative qui sera reproduite avec d’autres partenaires et pays de la région, au bénéfice de ses actionnaires, ardents supporteurs du modèle Charbone depuis des années.

L’entente de collaboration permettra à Charbone de percevoir une rémunération unique, payable en espèces ou investie dans le projet. Charbone négocie actuellement des accords et des arrangements similaires avec d’autres partenaires dans différentes régions du monde.

Cette entente reconnaît tous les efforts déployés par Charbone au cours des cinq (5) dernières années pour créer un modèle d’écosystème durable qui fonctionne dans le monde réel et pas seulement sur le marché nord-américain , a dit Dave Gagnon, Président et chef de la direction de Charbone. Il continue, Quand on regarde le marché actuel de l’hydrogène, on se rend compte que les deux marchés les plus prometteurs sont l’Amérique du Nord et l’Asie-Pacifique, que nous commençons maintenant.

Nous sommes ravis d’officialiser cette collaboration stratégique avec Charbone. Leur approche modulaire et décentralisée éprouvée s’inscrit parfaitement dans notre vision d’accélérer l’adoption de l’hydrogène vert en Malaisie et dans la région Asie-Pacifique. En tirant parti de l’expertise et des capacités de conseil uniques de Charbone, nous sommes convaincus de pouvoir réaliser un projet de production de haute qualité, évolutif et durable, qui servira de modèle pour les développements futurs , a dit Kamshul Kasim, Président exécutif de Green Hydrogen ASIAPAC SDN BHD. Il continue, Ce partenariat marque une étape importante dans notre engagement à contribuer à la transition énergétique propre de la Malaisie et à nous positionner à l’avant-garde de l’économie émergente de l’hydrogène vert dans la région .

À propos de Charbone Hydrogène Corporation

Charbone est une entreprise intégrée spécialisée dans l’hydrogène ultrapur (UHP) et la distribution stratégique de gaz industriels en Amérique du Nord et en Asie-Pacifique. Elle développe un réseau modulaire de production d’hydrogène vert tout en s’associant à des partenaires de l’industrie pour offrir de l’hélium et d’autres gaz spécialisés sans avoir à construire de nouvelles usines coûteuses. Cette stratégie disciplinée diversifie les revenus, réduit les risques et augmente sa flexibilité. Le groupe Charbone est coté en bourse en Amérique du Nord et en Europe sur la bourse de croissance TSX (TSXV: CH); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone Hydrogène :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

The CHARBONE team will serve as expert matter advisors to a private Malaysian financial group for the development and construction of their first modular and scalable production facility in the Asia-Pacific region.

Brossard, Quebec TheNewswire – June 25, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE ‘), North America’s only publicly traded pure-play company focused on green hydrogen production and distribution, is pleased to announce that it has executed a Master Collaborative Agreement with Green Hydrogen ASIAPAC SDN BHD to support the deployment of its first dihydrogen Ultra High Purity (UHP) production flagship facility in Malaysia, based on the CHARBONE modular and scalable model. The decentralized distributed approach for end-users will be part of a new sustainable ecosystem in Malaysia and could eventually be extended to the Asia Pacific region, where CHARBONE could leverage its expertise.

Through the collaboration agreement, CHARBONE will provide experience in various areas of a complete project development, construction, and operation of the facility. This includes, but is not limited to, site selection, interconnection, power purchase and offtake agreements, front-end engineering and design (FEED), project financing, and the identification and selection of appropriate suppliers, such as engineering, production, and distribution equipment.

CHARBONE will share its extensive experience and knowledge gained over the last five years and monetize it. In return, it will diversify and increase its revenue stream through a collaborative approach that will be replicated with other partners and countries in the region, benefiting its shareholders who have been strong supporters of the CHARBONE model for years.

The Collaborative Agreement will provide CHARBONE with a single one-time fee that can be paid in cash or invested in the project. CHARBONE is currently negotiating similar agreements and arrangements with other partners in different regions of the globe.

This agreement recognized all the efforts that CHARBONE has deployed over the last five (5) years to create a sustainable ecosystem model that works in the real world and not only in the North American market ,’ said Dave Gagnon, President and CEO of Charbone. He continued , ‘ when you look at the current hydrogen market, you do realize that the two most promising markets are North America and Asia-Pacific, which we are starting now.

We are delighted to formalize this strategic collaboration with CHARBONE. Their proven modular and decentralized approach aligns perfectly with our vision to accelerate the adoption of green hydrogen in Malaysia and the wider Asia-Pacific region. By leveraging CHARBONE’s unique expertise and advisory capabilities, we are confident that we will deliver a high-quality, scalable, and sustainable production project that will serve as a blueprint for future developments ,’ said Kamshul Kasim, Executive Chairman of Green Hydrogen ASIAPAC SDN BHD. He continued , ‘ this partnership marks a significant milestone in our commitment to contribute to Malaysia’s clean energy transition and to position ourselves at the forefront of the emerging green hydrogen economy in the region.

About CHARBONE Corporation

CHARBONE is an integrated company specialized in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks, and increases flexibility. The CHARBONE group is publicly listed in North America and Europe on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

It’s a measure of President Trump’s success in bombing Iran’s key nuclear sites that even some of his harshest detractors are praising the risky endeavor.

The calculated deception – ‘I may do it, I may not do it’ – and dispatching of a decoy fleet of B-2 bombers were crucial to achieving the mission. 

Yes, the situation may look very different in six months, depending in part on the response of Russia and other allies of Iran, the world’s largest terror state. Just yesterday, Tehran launched ballistic missiles at the U.S. military base in Qatar, with no reported casualties. 

Still, Trump should avoid landing on any aircraft carriers with a ‘Mission Accomplished’ banner, a reminder of how George W. Bush’s premature celebration turned into the Iraq quagmire that cost more than 4,000 American lives.

Yes, a sizable chunk of the MAGA coalition was opposed to U.S. intervention after the original Israeli airstrikes on grounds that Trump had always vowed to keep this country out of faraway wars. Some of them are falling into line, as there’s a rally-round-the-president effect after military action – especially when it’s successful. 

Sure, Trump followed up by posting about the possibility of ‘regime change’ – this after JD Vance told ‘Meet the Press:’ ‘We’re not at war with Iran. We’re at war with Iran’s nuclear program.’

Maybe the Truth Social message was simply designed to boost pressure on Ayatollah Ali Khamenei – who could have been taken out – or maybe Trump is tempted by the W-era mentality of ‘we will be greeted as liberators.’ 

No one is quibbling with the deceptions, any more than Dwight Eisenhower was criticized for deploying dummy tanks and vehicles on D-Day to convince the Nazis that the 1944 attack would come at a different location rather than Normandy.

Bret Stephens, an anti-Trump conservative columnist at the New York Times, called the bombings ‘a courageous and correct decision that deserves respect, no matter how one feels about this president and the rest of his policies…Trump could have continued to outsource the dirty work of hitting Iran’s nuclear capabilities to Israel, hoping that it could at least buy the West some diplomatic leverage and breathing room.’

David Ignatius, not a fan of the president’s foreign policy, wrote in his Washington Post column that ‘Trump and his top advisers acted boldly to hit the prize targets in Iran’s nuclear program — at Fordow, Isfahan and Natanz — that remained after nine days of Israeli bombing. The operation was bigger and more comprehensive than even some Israelis had expected, and it showed that the U.S. military, even during the chaotic Trump presidency, still performs with unmatched power, precision and reach.’

But these are among the relatively few exceptions. By and large, liberals and Democrats denounced the president’s action, and conservatives and Republicans hailed it. 

And you know the reaction would have been reversed if Joe Biden was in office and had ordered the airstrikes. 

There’s a legitimate question about whether Trump should have sought approval from the Hill, but this Congress has largely ceded its role on foreign affairs (and on tariffs, for that matter). Besides, a floor debate would have been like sending up neon lights about the coming attack.

Sometimes a commander-in-chief has to attack unilaterally. When Barack Obama and Bill Clinton ordered military strikes without consulting Congress, almost nobody made a big issue of it.

The Times reports that Iran warned Qatar of the retaliatory attack, which was an obvious attempt to minimize casualties and render the half-dozen missiles largely symbolic (though not to the military personnel having to seek shelter). That amounted to a muted initial response by the Iranians, since any American deaths would clearly trigger a further escalation by the Trump military.

The United States is the only country with bunker-busting bombs, which enabled it to damage or destroy the underground uranium enrichment site buried under the Fordow site. The truth is that our experts don’t know how much damage was done far below the surface and may not for weeks.

But given that the U.S. completely controls Iranian airspace, thanks to the earlier Israeli strikes, Trump could order devastating new attacks at any time with virtually no fear of our planes being shot down. And the Iranians are acutely aware of that.

It was deception and misdirection that enabled the Pentagon to pull this off. When Trump said he would decide what to do in the next ‘two weeks’ – a stance echoed by Press Secretary Karoline Leavitt – he had already approved the military plan, subject to last-minute reservations. The attack began 30 hours later.  

When Trump dined with Steve Bannon, the most prominent opponent of the U.S. attacks, along with Tucker Carlson, some surmised he was changing his mind. The same was true when he went to a fundraising dinner at his Bedminster, N.J. golf club, and nothing seemed imminent.

When Fox’s Brian Kilmeade asked Leavitt yesterday about her boss’s regime change posting, she did not minimize it:

‘If the Iranian regime refuses to come to a peaceful diplomatic solution, which the president is still interested and engaging in, by the way, why shouldn’t the Iranian people take away the power of this incredibly violent regime that has been suppressing them for decades?’

Multiple media reports say Trump was angry with his director of national intelligence, Tulsi Gabbard, for testifying in March that the intelligence community believes that Iran is nowhere near building a nuclear weapon, and a video she made after visiting Hiroshima. She has tried to walk it back, but there is little question she has been partially sidelined.

The Washington Post yesterday reported having obtained the audio file of an Israeli intelligence operative’s June 13 call to a senior Iranian commander:

‘I can advise you now, you have 12 hours to escape with your wife and child. Otherwise, you’re on our list right now,’ the translation said. The operative suggested Israel could target the general and his family at any moment: ‘We’re closer to you than your own neck vein.’

There is no independent verification that the call was actually made.

I don’t use this word lightly, but Iran is an evil country. Anyone of a certain age recalls how the Iranians, in 1979 after the ouster of the Shah, held our embassy staffers hostage for 444 agonizing days.

The ruling theocracy also finances the terror groups Hezbollah and Hamas. In fact, if it had not been for Hamas’ spectacular miscalculation in mounting the barbaric massacre in Israel on Oct. 7 – which again included the seizing of civilian hostages – Gaza would not now be the wasteland it has become. Israel bears some responsibility for this, yet also knows that it would be the prime target if Iran succeeds in enriching weapons-grade uranium.

Finally, even if things go south, what happened on Sunday has in my view changed the way people look at Donald Trump. He rolled the dice in a high-stakes gamble. He’s not just a garden-variety isolationist. He doesn’t have to run again, but he managed to keep everything secret and pulled it off with the aid of our superb military. And that took guts.

This post appeared first on FOX NEWS

Fresh satellite imagery released by Maxar Technologies shows significant damage at three of Iran’s key nuclear sites, Fordow, Natanz, and Isfahan, just days after U.S. B-2 stealth bombers conducted strikes ordered by President Donald Trump.

The new photos, released on June 24, provide the clearest post-strike visuals to date, showing the precision and depth of the U.S. assault on Iran’s nuclear infrastructure.

At the heavily fortified Fordow Fuel Enrichment Facility, located deep beneath a mountain near Qom, satellite views reveal multiple craters along the primary access roads and directly at the entrances to tunnel complexes. 

Several perimeter buildings were destroyed outright, and one crater can be seen blasted into the access road leading to the facility.

The Isfahan Nuclear Technology Center also shows signs of recent damage. An overview image highlights new destruction at the surface, while detailed shots capture tunnel entrances that appear to have been struck directly, echoing earlier reporting that the operation aimed to neutralize buried infrastructure previously unreachable by conventional air power.

Meanwhile, at Natanz, a site known for its history with the Stuxnet cyberattack and long a target of Israeli and American scrutiny, two craters believed to have been caused by U.S. ordnance now appear filled and covered with dirt. 

These strikes had reportedly targeted the underground centrifuge halls that are central to Iran’s uranium enrichment operations.

IAEA Director General Rafael Grossi confirmed that key buildings and underground systems at all three sites were hit. 

American officials say Iran’s nuclear program has been severely set back.

Trump has claimed a ‘very successful’ mission.

In addition to the nuclear sites hit by the U.S., Maxar’s images also documented separate airstrike damage in the capital city of Tehran. 

The images show widespread destruction believed to be linked to suspected nuclear program buildings near Tehran’s Shahid Rajaee University.

Fox News’ Greg Norman contributed to this report.

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