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The chart of Meta Platforms, Inc. (META) has completed a roundtrip from the February high around $740 to the April low at $480 and all the way back again.  Over the last couple weeks, META has now pulled back from its retest of all-time highs, leaving investors to wonder what may come next.

Is this the beginning of a new downtrend phase for META?  Or just a brief pullback before a new uptrend phase propels META to new all-time highs?

Today we’ll look at two potential scenarios, including the double top pattern and the cup and handle pattern, and share which technical indicators and approaches could help us determine which path plays out into August.

The double top scenario basically means that the late July retest of the previous all-time high was the end of the recent uptrend phase.  The double top pattern is literally when a major resistance level is set and then retested.  The implication is that a lack of willing buyers means the uptrend is exhausted, and there is nowhere to go but down.

While the 21-day exponential moving average is currently in play for META, I would say that a break below the 50-day moving average could confirm this as the correct scenario.  If that smoothing mechanism does not hold, then the price action would imply less of a pullback and more like the beginning of a real distribution phase.

What is META pulls back but then resumes an uptrend phase, leading META to another new all-time high?  That would result in a confirmed cup and handle pattern, created by a large rounded bottoming pattern followed by a brief pullback.  The key to this pattern is the “rim” of the cup, which sits right at $740 for META.

Given the pullback META has demonstrated so far in July, I would say that a break above the $740 level would basically confirm a bullish cup and handle pattern.  That would suggest much more upside potential for META, as the stock would literally go into previously uncharted territory.

So how can we determine which scenario is more likely to play out?  This is where we need to incorporate more technical indicators into the discussion, as a way to further validate and confirm our investment thesis.

Just to review, I think a break above $740 would confirm a bullish cup and handle pattern.  I would also say that a break below the $680 level, which would represent a move below the 50-day moving average as well as the June swing lows, would basically confirm a bearish double top pattern.

We can also use the Relative Strength Index (RSI) to help determine whether META remains in a bullish trend phase.  During bull phases, the RSI rarely gets below 40, because buyers usually step in to “buy the dips” and keep the momentum fairly constructive.  So if the price would break down, and the RSI would not hold that crucial 40 level, that could mean a bearish outlook is warranted.

Finally, we can use volume-based indicators to assess whether moves in the price are supported by stronger volume readings.  Here I’ve included the Accumulation/Distribution Line, which tracks the trend in daily volume readings over time.  We can see that the high in July resulted in a divergence, as the A/D line was trending lower.  If the A/D line would break below its June and July lows, marked by a dashed red line, that would represent a bearish volume reading for META.

Technical analysis is less about predicting the future, and more about determining the most probable scenarios based on our analysis of trend, momentum, and volume.  I hope this discussion shows how the outlook for META can be easily determined and tracked using the best practices of technical analysis!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

https://www.youtube.com/c/MarketMisbehavior

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.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Oil prices fell sharply during the second quarter, after reaching year-to-date highs early in the year.

Between January and the end of June, Brent shed 18.26 percent from US$81.69 to US$66.77. West Texas Intermediate made a similar decline falling 16.94 percent from US$78.86 to US$65.50, over the same time period.

The contraction was largely attributed to OPEC+ easing production cuts and increasing output.

Global supply was further bolstered by China’s strong import volumes and rising domestic output, giving refiners room to delay purchases and adding to a mild US inventory build, both of which added downward pressure.

Conversely, seasonal demand from the US summer driving season and solid Q2 GDP growth in China offered some support.

Despite that backdrop, the five top-performing oil and gas stocks on the TSX and TSXV have seen share price growth over Q2 2025. All year-to-date performance and share price data was obtained on July 16, 2025, using TradingView’s stock screener, and oil and gas companies with market caps above C$10 million at that time were considered.

1. Falcon Oil & Gas (TSXV:FO)

Year-to-date gain: 43.75 percent
Market cap: C$127.55 million
Share price: C$0.115

Headquartered in Dublin, Ireland, Falcon Oil & Gas is an international oil and gas company incorporated in BC, Canada. The company specializes in the exploration and development of unconventional oil and gas assets, with interests in assets in Australia, South Africa and Hungary.

On January 24, Falcon issued its first corporate update of 2025, announcing the launch of a well stimulation campaign for two wells for the Shenandoah South pilot project in the Beetaloo Sub-Basin, located in Australia’s Northern Territory.

The company has a 22.5 interest in the Beetaloo joint venture, with Tamboran Resources (NYSE:TBN,ASX:TBN) owning the remaining 77.5 percent.

Falcon’s share price spiked several times in June, reaching a year-to-date high of C$0.14 on June 17, which it maintained through late June. The stock movement coincided with Beetaloo updates, including “stellar” flow test results on June 17.

“The IP30 flow rate results announced today of 7.2 million cubic feet per day (MMcf/d), are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States,” CEO Philip O’Quigley wrote in the press release.

2. Imperial Oil (TSX:IMO)

Year-to-date gain: 25.67 percent
Market cap: C$57.37 billion
Share price: C$112.70

Calgary-based Imperial Oil is a prominent Canadian energy company involved in the exploration, production, refining and marketing of petroleum products. With a history spanning over 140 years, Imperial operates diverse assets across Canada, including oil sands, conventional crude oil and natural gas assets.

On January 31, Imperial released its Q4 2024 results, reporting an estimated net income of C$1.23 billion in Q4 2024, slightly down from C$1.24 billion in Q3. The decline was attributed to lower price realizations, partly offset by higher production and improved refinery utilization in the Downstream segment.

On May 2, the company announced a Q2 2025 dividend of C$0.72 payable on July 1.

Imperial shares reached a year-to-date high of C$113.05 on July 13. The rally occurred after Scotiabank raised its share price target for Imperial from C$100 to C$110 on July 11, citing stronger refining margins and earnings outlook.

3. MEG Energy (TSX:MEG)

Year-to-date gain: 10.07 percent
Market cap: C$6.7 billion
Share price: C$26.35

MEG is an energy company solely focused on in-situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. Utilizing innovative enhanced oil recovery projects, including steam-assisted gravity drainage extraction methods, the company aims to increase oil recovery responsibly while reducing carbon emissions.

In mid-May, Strathcona Resources (TSX:SCR) made an unsolicited C$4.1 billion offer for MEG, a move company executives quickly denounced.

In a subsequent press release on June 16, MEG called the offer “inadequate, opportunistic, and NOT in the best interests of MEG or its shareholders.”

Chairman of the Board James McFarland stated in the release, ‘A combination with Strathcona would expose shareholders to inferior assets and significant capital markets risks, including a C$6 billion overhang resulting from Waterous Energy Fund’s 51 percent ownership in the combined company.”

MEG has launched a strategic review and welcomed alternative bids from other companies.

Shares of MEG rose to a year-to-date high of C$26.14 on June 20, on the heels of the statement and alongside news that operations at the company’s Christina Lake operations in Alberta would resume at full capacity following wildfire interruptions.

4. Headwater Exploration (TSX:HWX)

Year-to-date gain: 3.75 percent
Market cap: C$1.65 billion
Share price: C$6.92

Headwater Exploration is a Canadian oil and gas company focused on developing high-quality assets in Alberta’s Clearwater play and low-decline natural gas in New Brunswick’s McCully Field.

In March, Headwater reported strong 2024 results, with annual production up 13 percent year-over-year to 20,310 barrels of oil equivalent per day (boe/d) and net income rising 20 percent to C$188 million.

Headwater released its Q1 2025 results and a company update in May, highlighting the receipt of TSX approval for a normal course issuer bid, allowing it to repurchase up to 10 percent of its public float over the next year.

Additionally the company reported record production of 22,066 boe/d during Q1 and adjusted funds flow of C$92.4 million. Net income for the period came in at C$50 million. The company declared a quarterly dividend of C$0.11 per share during Q1 and ended the quarter with no debt and C$63.6 million in adjusted working capital.

Company shares spiked to a year-to-date high of C$7.43 on January 9, and reached a Q2 high of C$7.22 on June 19, which coincided with a broader surge in the oil market.

5. Athabasca Oil (TSX:ATH)

Year-to-date gain: 3.72 percent
Market cap: C$2.84 billion
Share price: C$5.57

Athabasca Oil is focused on developing thermal and light oil assets within Alberta’s Western Canadian Sedimentary Basin. The company has established a substantial land base with high-quality resources. Its light oil operations are managed through its private subsidiary, Duvernay Energy, in which the company holds a 70 percent equity interest.

On March 5, Athabasca Oil released its 2024 year end results, highlighting strong production and significant cash flow increases. The company averaged 36,815 boe/d during 2024, marking a 7 percent year-over-year increase.

Its Q1 2025 results released on May 7 reported further production growth, with average petroleum and natural gas production of 37,714 boe/d and average thermal oil output of 34,742 barrels per day.

Athabasca Oil generated C$130 million in adjusted funds flow and C$71 million in free cash flow. The company returns capital to shareholders through annual share buybacks, and at the time of the release, it had completed C$94 million in buybacks since the start of 2025.

Broad market positivity in mid-June pushed shares of Athabasca Oil to a year-to-date high of C$6.16 on June 20.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (July 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$118,148, down by 0.7 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,462, while its lowest valuation was US$117,583.

Bitcoin price performance, July 23, 2025.

Chart via TradingView.

Bitcoin traded lower over the past 24 hours, hovering between $117,000 and $120,000 amid several market pressures.

A major whale moved over US$1.2 billion in dormant BTC, sparking speculation of potential selling.

After a rotation into altcoins, investors took profits following recent highs, while outflows from spot exchange-traded funds (ETFs) signaled weaker institutional demand.

Ethereum (ETH) was priced at US$3,592.65, down by 1.9 percent over the past 24 hours. Its lowest valuation as of Wednesday was US$3,568.86, and its highest was US$3,657.02.

Altcoin price update

  • Solana (SOL) was priced at US$188.86, down by 5.5 percent over 24 hours. Its lowest valuation on Wednesday was US$186.95, and its highest was US$192.58.
  • XRP was trading for US$3.25, down 8.9 percent in the past 24 hours. Its lowest valuation of the day was US$3.18, and its highest valuation was US$3.36.
  • Sui (SUI) is trading at US$3.70, down 5.5 percent over the past 24 hours. Its lowest valuation of the day was US$3.67, and its highest was US$3.84.
  • Cardano (ADA) was trading at US$0.8152, down by 6.9 percent over 24 hours. Its lowest valuation on Wednesday was US$0.8058, and its highest was US$0.8370.

Today’s crypto news to know

PNC Bank and Coinbase partner to advance digital asset solutions

PNC Bank and Coinbase Global (NASDAQ:COIN) have announced a strategic partnership to broaden access to digital asset solutions for PNC’s clients and institutional investors.

The collaboration will leverage Coinbase’s crypto-as-a-service platform, enabling PNC to offer secure and scalable cryptocurrency access. PNC clients will be able to buy, hold and sell cryptocurrencies directly through PNC’s platform.

PNC will also provide essential banking services to Coinbase, signifying a mutual commitment to strengthening the digital financial system. Both companies emphasize that this partnership will meet the increasing demand for secure and streamlined digital asset access.

Goldman Sachs and BNY to launch tokenized money market funds

Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) are preparing to offer institutional investors access to tokenized money market funds, aiming to enhance capital markets with real-time settlement, 24/7 access and increased efficiencies.

BNY clients will soon be able to invest in money market funds with ownership recorded on Goldman Sachs’ private blockchain, as per a Wednesday news release.

“As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY, adding that mirrored tokenization of money market funds is the first step.

This initiative involves major players such as BlackRock (NYSE:BLK), Fidelity Investments, Federated Hermes and the asset management divisions of Goldman and BNY.

Tokenized money market funds offer a contrast to interest-bearing stablecoins, which are specifically prohibited under the GENIUS Act, which was signed into law last week. They provide yield, which makes them a low-volatility tool for hedge funds, pensions and corporations.

SEC halts Bitwise crypto index ETF conversion for review

On Tuesday (July 22), the US Securities and Exchange Commission’s (SEC) Division of Trading and Markets approved the Bitwise 10 Crypto Index to convert to an ETF, only to immediately pause it for review.

In a letter issued later that day, SEC Assistant Secretary Sherry Haywood said that the order will remain “stayed until the Commission orders otherwise.” Bloomberg ETF analyst Eric Balchunas has suggested that the SEC might be delaying its approval until it establishes a listing standard for crypto ETFs.

Bitwise had applied for this conversion in November for its fund, which offers exposure to a range of cryptocurrencies.

Nate Geraci, president of NovaDius Wealth Management, described the situation as “bizarre,” drawing parallels to the Grayscale Digital Large Cap ETF conversion, which experienced a similar approval and subsequent pause on July 1.

Bitcoin millionaires surge by 16,000 in 2025, according to report

Nearly 16,000 new Bitcoin wallets have crossed the million-dollar threshold since Donald Trump assumed the presidency in January 2025, according to a Finbold report. The number of Bitcoin millionaires is up from 132,842 in November 2024 to 192,205 as of July 20, marking a 45 percent increase in just eight months.

Large holders with over US$10 million in BTC also saw gains exceeding 16 percent in the same period.

The surge has been linked to renewed investor optimism following Trump’s re-election, along with clear signals of regulatory support and clarity for digital assets.

A significant boost came this week when the US House passed the Genius Act. The legislation, expected to streamline compliance for institutions, is widely seen as the most comprehensive federal crypto framework to date.

The rapidly changing policy environment has encouraged capital inflows and bolstered confidence in US-based crypto markets, with the resulting daily average tallying to 88 new Bitcoin millionaires in 2025 alone.

South Korea warns fund managers to reduce exposure to crypto stocks

South Korea’s Financial Supervisory Service (FSS) has issued informal warnings to asset managers over their exposure to crypto-related stocks and ETFs. According to the Korea Herald, firms with significant holdings in US-listed crypto companies such as Coinbase and Strategy (NASDAQ:MSTR) were reportedly told to scale back.

The directive follows the FSS’s longstanding 2017 stance prohibiting direct investment in virtual assets by financial institutions, despite recent global shifts in crypto regulation. While the agency has been reviewing possible easing of crypto rules, officials reportedly said that licensed entities must continue observing current guidelines.

The FSS has not yet issued a formal statement regarding the report.

PayPal unveils cross-border wallet platform

PayPal (NASDAQ:PYPL) has launched PayPal World, a cross-border payments network that integrates several of the world’s largest digital wallets, aiming to simplify international commerce for billions.

The platform’s initial partners include India’s UPI (via NPCI International), China’s Weixin Pay (via Tenpay Global) and PayPal’s own services including Venmo.

A memorandum of understanding has also been signed with Mercado Pago in Latin America.

According to PayPal CEO Alex Chriss, the initiative allows users to pay with their native wallets regardless of location. Chriss called it a potential “game changer” for frictionless payments in travel and e-commerce.

“The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses,’ Chriss said a recent press release.

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

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

This post appeared first on investingnews.com

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, explains that market risk and uncertainty are driving gold, with H1 2025 seeing multiple record highs.

‘Think strategically when you think about gold, and keep that allocation in mind,’ he said.

He also shares thoughts on the importance of central bank allocations and the potential impact of tariffs and US economic conditions on gold during the second half of 2025.

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

This post appeared first on investingnews.com

The White House on Wednesday (July 23) released a sweeping national strategy for artificial intelligence (AI), outlining over 90 federal actions designed to strengthen America’s position as the global leader in AI development.

The document fulfills a mandate laid out in President Donald Trump’s January 23 executive order, which called for the removal of what the administration described as “barriers to American leadership” in the field.

Titled “Winning the AI Race: America’s AI Action Plan,” the plan sets priorities across three core pillars: accelerating innovation, building domestic infrastructure and leading on global AI diplomacy and security.

The White House said parts of the strategy will be enacted via executive orders in the coming weeks.

Trump and senior officials are set to promote the initiative at an event on Thursday (July 2) night that will be hosted by the Hill and Valley Forum, a group of influential tech donors and investors.

“President Trump has prioritized AI as a cornerstone of American innovation,” said Michael Kratsios, director of the White House Office of Science and Technology Policy.

“This plan galvanizes federal efforts to turbocharge our innovation capacity, build cutting-edge infrastructure, and lead globally, ensuring that American workers and families thrive in the AI era.”

The new initiative marks a clear departure from previous federal policy, explicitly revoking the Biden-era Executive Order 14110, “Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence,” which had emphasized caution, regulation and ethical oversight. In contrast, the Trump administration’s AI directive aims to remove what it describes as “onerous” federal restrictions and foster what it calls innovation free from “ideological bias.”

The goal, according to Trump administration officials, is to secure the global proliferation of US-made AI technologies and prevent the dominance of foreign alternatives. Domestically, the plan pledges to fast track the permitting process for building new data centers and semiconductor fabs, and to launch national workforce initiatives targeting technical trades essential to AI infrastructure, such as electricians and HVAC technicians.

David Sacks, White House special advisor for AI and crypto, framed the plan in strategic and geopolitical terms.

“Artificial intelligence is a revolutionary technology with the potential to transform the global economy and alter the balance of power in the world,” Sacks said, adding that in order to win the AI race, the US must center its innovation domestically and “avoid Orwellian uses of AI.”

In May, the Trump administration reached agreements with the United Arab Emirates to grant the country access to advanced AI chips — part of a broader US$200 billion cooperation deal announced alongside plans for a 5 gigawatt AI campus in the United Arab Emirates. .

As of now, the White House has not provided a timeline for the full rollout of the 90 outlined actions, but officials said implementation would begin “in the coming weeks.”

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

This post appeared first on investingnews.com

 

Walker Lane Resources Ltd. (TSX – V: WLR) (F r ankfurt:6YL ) (‘WLR’ o r t h e ‘ Comp a ny’) is pleased to announce, further to its news releases of June 10, 2025, that it has received TSX Venture Exchange approval to close the non-brokered private placement (the ‘ Private Placement ‘). On July 23, 2025, the Company issued 2,508,335 non-flow through Units (each a ‘ NFT Unit ‘) at a price of $0.12 per NFT Unit, for gross proceeds of $301,000, and 607,143 flow-through Units (each a ‘ FT Unit ‘) at a price of $0.14 per FT Unit, for gross proceeds of $85,000, for aggregate gross proceeds of $386,000. Each NFT Unit is composed of one common share and one common share purchase warrant (each whole warrant, a ‘ NFT Warrant ‘). Each FT Unit is composed of one common share and one common share purchase warrant (each whole warrant, a ‘ FT Warrant ‘), each NFT Warrant and each FT Warrant are exercisable for two (2) years at $0.16 per common share.

 

An insider of the Company subscribed for an aggregate of 1,178,571 Units, composed of 750,000 NFT Units and 428,571 FT Units. Such participation was considered to be a ‘related party transaction’ as this term is defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (‘ MI 61-101 ‘). The Company relied on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, for the insider participation in the Offering, as the securities do not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

 

The Company intends to use the proceeds from the sale of FT Units to incur ‘Canadian exploration expenses’ and ‘flow through mining expenditures’ as these terms are defined in the Income Tax Act (Canada) and, in particular, the Company’s exploration program at its Amy and Silver Hart Properties in the Rancheria Silver District, (Yukon/British Columbia), and potentially limited activities at Logjam (Yukon). Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2025, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT Units. The Company intends to use the net proceeds from the sale of NFT units for its properties in Nevada including Tule Canyon, Cambridge and Silver Mountain and for general working capital. The FT and NFT Units issued under the financing are subject to a four-month hold.

 

   A     bout Walker Lane Resources Ltd.   

 

 Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate exploration programs to advance the drill-ready Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver, B.C.) projects to resource definition stage through proposed drilling campaigns that the Company desires to undertake in the near future.

 

The company intends to conduct early stage exploration efforts on its Cambridge and Silver Mountain Properties in the Walker Lane Area, Nevada, evaluate its Silver Hart/Blue Heaven property for medium term development, and advancing exploration on its Logjam property in Yukon.

 

On behalf of the Board:
   ‘Kevin Brewer’    
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

For Further Information and Investor Inquiries:  

 

Kevin Brewer, P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (709) 327 8013
  kbrewer80@hotmail.com   
 
Telephone (604) 602-0001   
  www.walkerlaneresources.com  
 
Suite 1600-409 Granville St.,
Vancouver, BC, V6C 1T2

 

   Ne     i     t     h     er     t     h     e     TS     X     Ven     t     ure     Exc     h     a     n     ge     n     o     r     its     Reg     u     l     a     ti     o     n     S     ervices     Prov     i     der     (as     t     h     at     term     is     de     fi     ned     in     t     h     e p     o     li     c     ies     of     the     T     SX     Vent     u     re     Excha     n     ge)     accepts     re     s     ponsi     b     ility     f     or     t     he     ade     q     u     acy     or     accuracy     of     this     release.   

 

  Cautionary and Forward-Looking Statements  

 

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remains subject to the condition of the option of the Silverknife Property with Coeur Silvertip Holdings Ltd. These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate. Actual results and developments may differ materially from results and developments discussed in the forward looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company. The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

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Director of National Intelligence Tulsi Gabbard doubled down at a White House press briefing Wednesday, alleging the Obama administration promoted a ‘contrived narrative’ that Russia interfered in the 2016 election. 

‘There is irrefutable evidence that details how President Obama and his national security team directed the creation of an intelligence community assessment that they knew was false,’ Gabbard said. ‘They knew it would promote this contrived narrative that Russia interfered in the 2016 election to help President Trump win, selling it to the American people as though it were true. It wasn’t.’ 

Gabbard’s comments come amid the declassification of a trove of documents from the U.S. intelligence community that allege the Obama administration politicized intelligence, and that U.S. intelligence organizations did not have direct information that Russian President Vladimir Putin sought to support Trump’s election in 2016. 

 

‘All come back to and confirm the same report: There was a gross politicization and manipulation of intelligence by the Obama administration intended to delegitimize President Trump even before he was inaugurated, ultimately usurping the will of the American people,’ Gabbard said. 

Gabbard also said that the declassified documents have been shared with the Department of Justice and the FBI so those agencies can evaluate if any criminal implications stemming from the materials are warranted. 

‘We have referred and will continue to refer all of these documents to the Department of Justice and the FBI, to investigate the criminal implications of this for the evidence,’ Gabbard said. ‘Correct. The evidence that we have found, and that we have released, directly point to President Obama leading the manufacturing of this intelligence assessment. There are multiple pieces of evidence and intelligence that confirm that fact.’

On Tuesday, President Donald Trump accused former President Barack Obama of being the ‘ringleader’ of investigations into whether his campaign colluded with Russia in the 2016 election. 

In response, a spokesperson for Obama labeled the accusations ‘bizarre’ and said the new documents do not alter the conclusions of previous intelligence assessments, including a 2020 report from the Senate Intelligence Committee that was chaired by now-Secretary of State Marco Rubio. 

‘Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response,’ Obama spokesman Patrick Rodenbush said in a statement. ‘But these claims are outrageous enough to merit one.’ 

‘These bizarre allegations are ridiculous and a weak attempt at distraction,’ Rodenbush said. ‘Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes.’ 

A spokesperson for Obama did not immediately respond to a request for comment from Fox News Digital Wednesday. 

The newly declassified documents name Obama, in addition to other administration officials, including Director of National Intelligence James Clapper, CIA Director John Brennan, National Security Advisor Susan Rice, Secretary of State John Kerry, Attorney General Loretta Lynch and Deputy FBI Director Andrew McCabe. 

Fox News Digital previously reported that Gabbard sent a criminal referral to the Justice Department pertaining to the newly declassified material, but the agency did not disclose specifics regarding whom the criminal referral targeted. 

The Justice Department did not immediately respond to a request for comment from Fox News Digital on Wednesday. 

Gabbard’s appearance before reporters at the White House came just hours after she released a 2020 report from the House Permanent Select Committee on Intelligence, which said the intelligence community published ‘potentially biased’ or ‘implausible’ intelligence suggesting Putin sought to help Trump win the election, per the ‘unusual’ orders of Obama. 

Fox News’ Brooke Singman and Mike Emanuel contributed to this report. 

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Speaker Mike Johnson, R-La., accused Democrats of orchestrating a ‘cover-up’ of President Joe Biden’s signs of mental decline in a set of remarks to reporters on Wednesday.

The leader of the House of Representatives criticized left-wing lawmakers for their public pressure campaign regarding Jeffrey Epstein’s case, dismissing their calls for transparency as a hypocritical political ploy.

‘We will not be lectured on transparency by the same party that orchestrated one of the most shameless, dangerous political cover-ups in the history of the United States – and that was President Biden’s obvious mental decline,’ Johnson told reporters.

‘House Republicans stand for maximum transparency and truth. We always have, and we always will.’

It comes as the House Oversight Committee continues to investigate allegations that the former president’s top White House aides obscured signs of mental and physical decline in the octogenarian leader from the public and others in the administration.

Biden told The New York Times earlier this month that he was fully aware of every decision he made in a story regarding his use of autopen for clemency orders.

Johnson and other Republican lawmakers have dealt with a barrage of media scrutiny on Epstein’s case over the last two weeks. It’s a side effect of the fallout over a recent Department of Justice (DOJ) memo effectively declaring the matter closed.

Figures on the far-right have hammered Trump officials like Attorney General Pam Bondi, accusing them of going back on earlier vows of transparency.

At Trump’s direction, the DOJ is moving to have grand jury files related to Epstein’s case unsealed. Bondi is looking into whether imprisoned former Epstein associate Ghislaine Maxwell will speak with federal authorities as well.

Democrats seized on the discord by forcing Republicans on a key panel – the House Rules Committee – to take multiple votes on whether to make files related to Epstein’s case public.

GOP lawmakers’ frustration at being put into a tough political situation forced House Republicans’ agenda to partially grind to a halt this week, forcing leaders to send the House into August recess a day earlier than initially planned.

Some Republicans are frustrated with the Trump administration’s handling of the issue, while others are angry at fellow GOP lawmakers joining Democrats in public calls for transparency.

Many, like Johnson, have accused Democrats of operating on a double-standard. 

‘The way Democrats have tried to weaponize this issue is absolutely shameless. And I just want to say this – Democrats said nothing and did nothing, absolutely nothing, about bringing transparency for the entire four years of the Biden presidency,’ the speaker said. But now, all of a sudden, they want the American people to believe that they actually care.’

When reached for comment, a spokesperson for House Minority Leader Hakeem Jeffries, D-N.Y., pointed Fox News Digital to his remarks on Epstein earlier this week, questioning what Republicans were ‘hiding.’

‘Jeffrey Epstein committed suicide during the Trump administration. Trump administration officials have said, prior to arriving in Washington in positions of prominence, including at the FBI and the Department of Justice, that they were going to release the Epstein files. Trump administration officials are now in a position to release the Epstein files,’ Jeffries said. 

‘Does any of that, in your view, have anything to do with President Joe Biden? Why do we think President Joe Biden or President Barack Obama’s names are being invoked?’

Fox News Digital also reached out to the office of former President Joe Biden for comment but did not immediately hear back.

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A House panel Wednesday voted in favor of subpoenaing former President Bill Clinton and former Secretary of State Hillary Clinton.

Rep. Scott Perry, R-Pa., offered a motion during a House Oversight Committee subcommittee hearing to call on Committee Chairman James Comer, R-Ky., to subpoena people with possible links to Ghislaine Maxwell, the imprisoned former associate of late pedophile Jeffrey Epstein.

‘I have a motion to subpoena the following individuals to expand the full committees investigation into Miss Maxwell – and the list reads as follows: William Jefferson Clinton, Hillary Diane Rodham Clinton, James Brian Comey, Loretta Elizabeth Lynch, Eric Hampton Holder, Jr., Merrick Brian Garland, Robert Swan Mueller III, William Pelham Barr, Jefferson Beauregard Sessions the third, and Alberto Gonzales. That’s the full list, Mr. Chairman. And that’s the motion,’ Perry said.

The motion passed by voice vote, meaning there was not an individual roll call.

The subpoenas would actually need to be issued by Comer to be active.

A House Oversight Committee aide told Fox News Digital, ‘The subpoenas will be issued in the near future.’

It comes after Rep. Summer Lee, D-Pa., a member of the progressive ‘Squad,’ pushed for a vote on her own motion to subpoena any files related to Epstein.

That motion passed in an 8-to-2 vote, also directing Comer to issue that subpoena.

Republican lawmakers have dealt with a barrage of media scrutiny on Epstein’s case over the last two weeks. It’s a side effect of the fallout over a recent Department of Justice (DOJ) memo effectively declaring the matter closed.

Figures on the far-right have hammered Trump officials like Attorney General Pam Bondi, accusing them of going back on earlier vows of transparency.

At Trump’s direction, the DOJ is moving to have grand jury files related to Epstein’s case unsealed. Bondi is looking into whether imprisoned former Epstein associate Ghislaine Maxwell will speak with federal authorities as well.

A House GOP-led motion directing Comer to subpoena Maxwell passed the House Oversight Committee unanimously on Tuesday, and Comer issued the subpoena the following day.

But Democrats have nonetheless seized on the Republican discord with newfound calls of their own for transparency in Epstein’s case. 

Wednesday’s hearing by the Oversight Committee’s subcommittee on federal law enforcement was unrelated to Epstein — but it’s part of a pattern of Democratic lawmakers in the House using any opportunity to force Republicans into an uncomfortable political position on the issue.

Rep. Andy Biggs, R-Ariz., another member of the subcommittee, successfully got Lee’s amendment altered to also call for the release of Biden administration communications related to Epstein.

Fox News Digital reached out to the Clinton Foundation for comment but did not immediately hear back.

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President Donald Trump declared that the United States will do ‘whatever it takes’ to win the global race to artificial intelligence dominance, during an address at a summit held in the nation’s capital Wednesday.

‘From this day forward, it’ll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence,’ Trump said during his address shortly ahead of signing three new executive orders that are aimed at boosting the country’s artificial intelligence capabilities. 

Meanwhile, Trump also slammed the former Biden administration for ‘weaponizing’ and restricting AI innovation and advancements.

‘If you regulate [AI] too much, you kill the source of American genius and technological power,’ Trump said. ‘I believe that Joe Biden had a plan to lose the AI race. I think he wanted to lose it.’

Administration leaders, including White House Office of Science and Technology policy director Michael Kratsios and AI and crypto czar David Sacks, held a background call with the media Wednesday morning and outlined a three-pillar plan of action for artificial intelligence focused on American workers, free speech and protecting U.S.-built technologies. 

‘We want to center America’s workers, and make sure they benefit from AI,’ Sacks said on the call while describing the three pillars. 

‘The second is that we believe that AI systems should be free of ideological bias and not be designed to pursue socially engineered agendas,’ Sacks said. ‘And so we have a number of proposals there on how to make sure that AI remains truth-seeking and trustworthy. And then the third principle that cuts across the pillars is that we believe we have to prevent our advanced technologies from being misused or stolen by malicious actors. And we also have to monitor for emerging and unforeseen risks from AI.’

Ending red tape and restrictions on the technology is also a key component of the new AI initiative, administration officials said, noting it will usher in the next ‘industrial revolution.’

Trump ordered his administration in January to develop a plan of action for artificial intelligence in order to ‘solidify our position as the global leader in AI and secure a brighter future for all Americans.’ 

The presidential action ordered administration leaders to craft a plan ‘to sustain and enhance America’s global AI dominance in order to promote human flourishing, economic competitiveness, and national security’ within 180 days, which was Tuesday. 

Kratsios stressed on the Wednesday press call that by cutting federal red tape surrounding AI, American workers will benefit while the U.S. will avoid going down the same AI path as Europe, which is mired in tech regulations, Kratsios said on the call. ‘The action plan calls for freeing American AI innovation from unnecessary bureaucratic red tape, ensuring all Americans reap the benefits of AI technologies and leveraging AI to drive new scientific breakthroughs.’

‘On deregulation, we cannot afford to go down Europe’s innovation-killing regulatory path. Federal agencies will now review their rules on the books and repeal those that hinder AI development and deployment across industries, from financial services and agriculture to health and transportation.’ 

‘At the same time, we’re asking the private sector to recommend regulatory barriers that they face for the administration to consider removing,’ he added. ‘Instead of cultivating skepticism, our policy is to encourage and enable AI adoption across government and the private sector through regulatory sandboxes and sector-specific partnerships.’ 

Trump rescinded a Biden-era executive order hours after taking office in January that put restrictions on artificial intelligence technologies, including requiring tech companies to keep the federal government appraised of the most powerful technology they were building before the programs are made available to the public. 

Trump’s signature rescinded the Biden order, with a White House fact sheet at the time arguing the Biden executive order ‘hinders AI innovation and imposes onerous and unnecessary government control over the development of AI.’

‘American development of AI systems must be free from ideological bias or engineered social agendas,’ the White House said. ‘With the right government policies, the United States can solidify its position as the leader in AI and secure a brighter future for all Americans.’ 

‘The order directs the development of an AI Action Plan to sustain and enhance America’s AI dominance, led by the Assistant to the President for Science & Technology, the White House AI & Crypto Czar, and the National Security Advisor,’ the White House said. 

The Trump administration has notched massive wins in the artificial intelligence race, which has pitted the U.S. against China to develop the most high-tech artificial intelligence systems, including Oracle and OpenAI announcing Tuesday the companies will further develop the Stargate project, which is an effort to launch large data centers in the U.S. The two companies’ most recent announcement promises an additional 4.5 gigawatts of Stargate data center capacity, a move expected to create more than 100,000 jobs across operations, construction, and indirect roles such as manufacturing and local services.

The Stargate project includes a commitment from OpenAI, Oracle, SoftBank and MGX to invest $500 billion in U.S.-based artificial intelligence infrastructure throughout the next four years.

Creating the data centers is key to the U.S. artificial intelligence race, according to admin officials who spoke on the background call Wednesday. Sacks explained that the administration wants to see U.S. artificial intelligence infrastructure grow by leaps and bounds in order for the country to ‘lead in data centers and in the energy that powers those data centers.’ 

Earlier in July, Trump traveled to Pittsburgh for an artificial intelligence summit at Carnegie Mellon University while touting the $90 billion in private-sector investments intended to create the Keystone State into an energy and artificial intelligence hub for the country 

Trump also has signed other executive orders focused on artificial intelligence as it relates to increasing America’s energy grid capacity, and an April executive order aimed at preparing America’s next generation to employ artificial intelligence through educational programs. 

Kratsios said during the call Wednesday that the U.S. winning the artificial intelligence race is ‘non-negotiable,’ citing not only economic and geopolitical considerations. 

‘We’re not alone in recognizing the economic, geopolitical, and national security importance of AI, which is why winning the AI race is non-negotiable,’ he said. ‘The plan presents over 90 federal policy actions across three pillars. As David (Sacks) discussed, those are accelerating innovation, building American AI infrastructure, and leading international AI diplomacy and security. The action plan was crafted with overwhelming input from industry, academia and civil society, informed by over 10,000 responses to the White Houses request for information.’ 

The plan delivered to Trump could be executed in the next six months to a year, according to the background call.

The Trump administration has repeatedly rallied around how artificial intelligence will be crucial at catapulting America into the next ‘industrial revolution,’ which administration officials say will lead to job creation and a strong tech industry that can trounce other nations in the race. 

Vice President JD Vance has been one of the most vocal admin leaders touting the U.S. strength on artificial intelligence as it cut red tape surrounding the industry.

‘The Trump administration is troubled by reports that some foreign governments are considering tightening screws on U.S. tech companies with international footprints,’ Vance said in a fiery February speech from Paris. ‘America cannot and will not accept that, and we think it’s a terrible mistake.’

‘At this moment, we face the extraordinary prospect of a new industrial revolution… But it will never come to pass if over-regulation deters innovators from taking the risks necessary to advance the ball,’ he said. ‘Nor will it occur if we allow AI to become dominated by massive players looking to use the tech to censor or control users’ thoughts.’

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