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Trial of gang accused of robbing Kim Kardashian at gunpoint opens in Paris

Nearly nine years after billionaire reality TV star Kim Kardashian was bound, gagged and robbed at gunpoint during Paris Fashion Week, the trial of nine men and one woman accused of carrying out the dramatic heist opened Monday at a packed courthouse in the French capital.

The case centers on the October 2016 theft of nearly $10 million in cash and jewelry, including a $4 million engagement ring that was never recovered. The defendants, who range in age from their 30s to their 70s, are facing charges including armed robbery, kidnapping and conspiracy. Eight of them deny involvement, while two have admitted to lesser offenses.

As the trial proceedings began, several of the defendants, including Aomar Ait Khedache and Yunice Abbas, made their way into the courtroom. Ait Khedache, often alleged to be the mastermind of the robbery, entered with the support of a cane and wearing hearing aids.

The defendants’ families arrived moments later, taking their seats next to the press.

The robbery unfolded just before 3 a.m. at the “No Address” hotel, a discreet luxury residence in Paris where Kardashian was staying. Disguised as police officers, the thieves forced the concierge to lead them to Kardashian’s apartment, where they tied her up at gunpoint. According to court documents, the group tracked Kardashian’s movements through her social media posts, helping them to orchestrate the attack.

Kardashian is scheduled to testify on May 13, when she will face the alleged robbers in court for the first time. A heightened police presence is expected outside the courthouse during her appearance.

The trial has been delayed for years partly because of major cases like those related to the 2015 Paris terrorist attacks.

Of the original 12 suspects, one has since died and another defendant who has Alzheimer’s disease has been ruled unfit to stand trial. If convicted, some of the remaining defendants could face up to 30 years in prison.

The trial is scheduled to run through May 22, with a verdict expected on May 23.

This post appeared first on cnn.com

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Spain and Portugal hit by major power outage, halting trains and flights and wiping out traffic lights

A widespread and unexplained power outage knocked out electricity in most of Spain and Portugal on Monday, shutting off traffic lights and causing chaos at airports, train stations and on the roads.

Portugal’s grid operator Redes Energéticas Nacionais (REN) said electrical supply was lost across the entire Iberian peninsula, and in parts of France, on Monday. It could be several hours until power is fully restored, Spain’s grid operator said, meaning parts of the two countries could be plunged into darkness once the sun sets.

The outage took out screens, lighting and power sockets, and caused traffic lights and subway systems to suddenly fail. Some power began to trickle back across Spain hours later, but efforts to fully revive the grid and to investigate the cause have not yet been successful.

The cause of the blackout was unclear, but its impact was dramatic: transport hubs shuttered and governments in both countries, which share a population of around 60 million people, hastily co-ordinated a response.

Madrid’s mayor José Luis Martinez Almeida asked people to minimize their movements and only call emergency services if it was truly urgent. He also called on people to stay clear of the roads for emergency workers. Later in the day, Madrid’s emergency services provider urged the country’s government to declare a national emergency.

Portugal’s grid operator said restoring power was a “complex operation.”

“At the moment it is impossible to predict when the situation will be normalized,” it said.

Efforts could stretch into the night. “The experience of other similar events that have taken place in other countries indicate to us that this process – the total reestablishment of the electrical supply – will take several hours, Eduardo Prieto, director of services for system operation at Red Eléctrica, had earlier told broadcaster La Sexta.

“We could be talking about six to 10 hours, if everything goes well, until we reestablish supply to every last customer,” he said.

Dozens of Iberian cities, like Madrid, Lisbon, Barcelona, Seville and Valencia, are major hubs for transport, business and tourism. Two of the five busiest airports in the European Union in 2023 were Madrid’s and Barcelona’s, according to EU data.

Portugal’s National Institute for Medical Emergencies said it had “activated its contingency plan,” running its telephone and IT systems through a back-up generator. Spain’s health ministry said the same process happened in hospitals there.

But flights at major airports in the region were suddenly delayed or cancelled, with travelers scrambling to adapt; online flight trackers reported that several airports saw their frequent departures suddenly halted after midday. Portugal’s flag carrier TAP Air Portugal told people not to travel to the airport until further notice.

Spanish train operator Renfe said trains had stopped and departures were canceled. And in subway tunnels, passengers were plunged into darkness. Video posted on social media showed blackened subway cars stuck in standstill on platforms in Madrid, where the metro was suspended and entrances to stations were taped off.

Sporting events were impacted too. Tennis fans at the Madrid Open filed out of courts after the outage caused play to be suspended.

Some parts of southern France, near the Spanish border, felt a more sporadic impact.

This is a developing story and will be updated.

This post appeared first on cnn.com

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Israel boycotts hearing at UN’s top court on banning of aid agency for Palestinians

Israel on Monday boycotted a hearing at the United Nations’ top court on its decision to ban a UN aid agency that has served millions of Palestinians since it was established in 1949.

The hearings will look at Israel’s obligations, both as a member of the United Nations and as an occupying power, toward the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). The aid agency provides education, healthcare and social services to nearly 6 million Palestinian refugees across the Middle East.

The hearings at the International Court of Justice (ICJ), which began in The Hague on Monday following a request by the UN General Assembly, are scheduled to last all week, with 40 countries, including the United States, set to speak as part of the proceedings. The ICJ will issue an advisory opinion about Israel’s obligations at a later stage, after the hearings conclude.

The court’s advisory opinions have no binding force, but they carry tremendous significance. They are “often an instrument of preventive diplomacy and help to keep the peace,” according to the court. They also help interpret and shape international law.

Israeli Foreign Minister Gideon Sa’ar called it “another shameful proceeding” designed to delegitimize his country. Speaking at a press conference in Jerusalem in lieu of the hearing on Monday, Sa’ar accused UNRWA of being “an organization that is infested with Hamas terrorists.” He said Israel had submitted its written position but would not take part in “this circus.”

UNRWA has repeatedly denied these accusations in the past, saying there is “absolutely no ground for a blanket description of ‘the institution as a whole’ being ‘totally infiltrated.’”

At the opening of the hearings on Monday, the UN’s legal counsel said Israel had a clear obligation as an occupying force to allow and facilitate humanitarian aid for Gazans.

“In the specific context of the current situation in the occupied Palestinian Territories, these obligations entail allowing all relevant UN entities to carry out activities for the benefit of the local population,” Elinor Hammarskjöld said.

Ammar Hijazi, the Palestinian representative at the hearing, said “there can be no doubt about the court’s jurisdiction in these proceedings,” pointing to two previous ICJ cases involving Israel.

In January 2024, the ICJ ruled that Israel must take “all measures” to prevent a genocide in Gaza. Then in June, it said in an advisory opinion that Israel’s occupation of the West Bank, East Jerusalem and Gaza is illegal.

“Israel is starving, killing and displacing Palestinians, while also targeting and blocking humanitarian organizations trying to save their lives,” Hijazi said.

Amir Weissbord, an official with Israel’s foreign ministry, claimed on Monday that “1,462 UNRWA workers in Gaza are confirmed terrorists,” which he said was based on intelligence. Israel has not provided evidence to support the accusation of such a high number. Weissbord said the number would be even higher once Israel began looking into UNRWA’s female employees.

After the Hamas-led October 7, 2023 attacks, Israel alleged that 12 of UNRWA’s 14,000 staffers in Gaza were involved in the assault. A subsequent UN investigation found that nine employees “may have” been involved in the attack. UNRWA said at the time that their contracts had been terminated.

‘Campaign to discredit UNRWA’

In October, Israel’s parliament passed a law banning UNRWA from activity within Israel and revoking the 1967 treaty that allowed the agency to carry out its mission. The ban was expected to severely restrict UNRWA’s ability to operate in Gaza, the occupied West Bank and East Jerusalem.

UNRWA Commissioner-General Philippe Lazzarini said at the time that the move violated international law and was “the latest in the ongoing campaign to discredit UNRWA and delegitimize its role toward providing human-development assistance and services to Palestine refugees.”

In early April, Israel raided six UNRWA schools in East Jerusalem, ordering them to close within 30 days. Lazzarini promised that the agency would not be cowed by Israel’s actions.

“UNRWA is committed to stay & deliver education and other basic services to Palestine Refugees in the West Bank, including East Jerusalem, in accordance with the General Assembly resolution mandated to the Agency,” he said on social media.

Israeli Prime Minister Benjamin Netanyahu had been pushing to dismantle UNRWA well before the October 7 attacks, arguing that the agency perpetuates the Palestinian “refugee problem.” UNRWA’s definition of Palestinian refugees includes the descendants of those Palestinians who were forced out of their homes during Israel’s creation in 1948. Israeli officials have rejected that definition, arguing that descendants don’t qualify as refugees and thus don’t have the right to return to their ancestral homes in what is now Israel.

This post appeared first on cnn.com

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Editor’s Pick

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing.

Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens proved he was the right person for the job.

“It was hard on him and it was hard on us,” Pelley said. “But he did it for us — and you.”

His on-air statement was an unusual peek behind the scenes at the sort of inner turmoil that viewers seldom get the opportunity to see.

Owens, only the third top executive in the 57-year history of television’s most influential newscast, resigned last week, saying he no longer felt he had the independence to run the program as he had in the past, and felt necessary.

CBS News’ parent company, Paramount Global, is in the midst of a merger with Skydance Media that needs the approval of the Trump administration. Trump has sued “60 Minutes” for $20 billion, saying it unfairly edited a Kamala Harris interview last fall to her advantage. Owens and others at “60 Minutes” believe they did nothing wrong and have opposed a settlement.

As a result, Pelley explained to viewers on Sunday, Paramount has begun to supervise “60 Minutes” stories in new ways. Former CBS News President Susan Zirinsky, a longtime news producer, has reportedly been asked to look at the show’s stories before they air.

“None of our stories has been blocked,” Pelley said. “But Bill felt he lost the independence that honest journalism requires. No one here is happy about it. But in resigning, Bill proved he was the right person to lead ‘60 Minutes’ all along.”

Despite this, “60 Minutes” has done tough stories about the Trump administration almost every week since the inauguration in January, many of them reported by Pelley. On Sunday, “60 Minutes” correspondent Sharyn Alfonsi had the latest, interviewing scientists about cutbacks at the National Institutes for Health.

Trump was particularly angered by the show’s telecast two weeks ago, saying on social media that CBS News should “pay a big price” for going after him.

This post appeared first on NBC NEWS

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Stock

S&P 500 Rises from Bearish to Neutral, But Will It Last?

The S&P 500 index managed to log one of its strongest weeks in 2025. Short-term breadth conditions have improved, and the crucial 5500 level has now been broken to the upside. Are we in the later stages of a countertrend rally, or just in the early innings of a broader recovery for stocks?

Let’s review three key charts together and evaluate the evidence.

Trendline Break Suggests Further Short-Term Strength

My daily chart of the S&P 500 has featured a thick pink trendline since March, when a lower peak around 5800 provided a perfect opportunity to define the downtrend phase. With the quick reversal off the early April low around 4850, the SPX has finally broken back above this trendline.

To be clear, after a breakout of this magnitude, I’m always looking for confirmation from the following day. Will additional buyers come in to push this chart even further to the upside? Assuming that’s the case, then I’m immediately drawn to a confluence of resistance in the 5750-5850 range. The 200-day moving average is currently sitting right around the late March peak, and both of those levels line up well with a price gap back in November 2024.

If the S&P 500 can finally break above that resistance range, I would expect much further upside for risk assets.

Breadth Conditions Confirm Short-Term Market Strength

One of the biggest improvements I’ve seen coming out of the early April low is the upgrade in short-term breadth conditions. The McClellan Oscillator has broken back above the zero level, most days this week saw more advancers than decliners, and the Bullish Percent Index has definitely improved.

In the bottom panel, we can see that the S&P 500 Bullish Percent Index has risen from a low just above 10% at the April low to finish this week at 64%. That confirms that over half of the S&P 500 members generated a point & figure buy signal in the month of April!

But the middle panel shows the real challenge here, in that long-term measures of breadth are still clearly in the bearish range. Just 35% of the S&P 500 stocks are above their 200-day moving average, similar to the S&P 500 and Nasdaq 100. It’s only if this indicator can push above the 50% level that the S&P 500 could stand a real chance of sustainable gains above 5750.

The Stoplight Technique Lays Out a Clear Playbook

I love to overlay a “stoplight” visualization on a chart like this, helping me clarify how I’ll think about risk depending on where the S&P 500 sits at any given point.

I would argue that a confirmed break above resistance at 5500 brings the S&P 500 chart into the “neutral” bucket. In this way, we’re respecting the fact that a rally from 4850 to 5500 is a fairly impressive feat, but also acknowledging that the SPX remains below its most important long-term trend barometer, the 200-day moving average.

If we see further gains in the weeks to come, the SPX may indeed push into the bullish range, which for me would mean a push above 5750-5800. In that scenario, the S&P 500 would be clear of its 200-day moving average, and I would feel much more comfortable adding risk to the portfolio. Until and unless we see that upside follow-through, though, I’ll remain comfortably defensive.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

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.

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Investing

Heliostar Delivers Strong First Quarter 2025 Results

Q1 2025 Operational and Financial Highlights

  • Gold equivalent ounce (‘GEO’) production of 9,082 GEOs and sales of 8,034 GEOs for Q1 2025. The Company is on track to achieve annual sales guidance of 31,000 to 41,000 GEOs for 2025
  • Preliminary interim consolidated cash costs of US$1,175-1,275 per GEOs sold and consolidated all-in sustaining costs (‘AISC’) of US$1,375-1,475 for Q1 2025. The Company is on track to achieve its annual cash cost guidance range of US$1,800-1,900 per GEOs sold and AISC of US$1,950-2,100 per GEOs sold
  • Average sale price of US$2,875 per ounce of gold for Q1 2025
  • Closing of the quarter with US$27M in cash and no debt

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to report preliminary interim results for the three months ended March 31, 2025 (‘Q1 2025’), which corresponds to the fourth quarter of Heliostar’s fiscal reporting year 2024-25.

The Company plans to host a corporate update webinar on May 13th, 2025, at 8:00AM Pacific Time/11:00AM Eastern Time. Full fiscal year-end reporting is anticipated in late July 2025.

Heliostar CEO, Charles Funk, commented, ‘The first quarter of 2025 was a very strong, first full quarter of production for the Company. We restarted production at La Colorada, fully paid off the acquisition debt and returned lower costs than budgeted.

‘In Q2, production is expected to decrease due to drawdown of inventory on the leach pad at San Agustin prior to a planned restart of primary mining activities later in 2025. We remain well on track to meet our production and cost guidance for 2025.

‘Heliostar exited the quarter with a strong cash balance of US$27M. This allows us to expand the drilling program at La Colorada and commence the Company’s largest drilling campaign at our flagship Ana Paula project, where we see potential to increase the high-grade underground resource.

‘Looking forward, in Q2, we are focused on delivering an updated technical report to support a planned increase in production at La Colorada and completing the permitting to allow for the restart of mining at San Agustin. The Company intends to utilize the cash flow from operations to increase annual gold production from both producing mines, as well as build Ana Paula with minimal equity dilution.’

Operational and Financial Results1

Key Performance Metrics La Colorada San Agustin El Castillo Total
Ore processed 2 t ore 959,365 ——- —— 959,365
Gold production 3 oz Au 4,109 4,412 257 8,777
Silver production3 oz Ag 18,279 8,595 546 27,421
GEO production 4 oz GEO 4,312 4,507 263 9,082
Gold sold oz Au 3,112 4,172 497 7,781
Silver sold oz Ag 12,468 9,936 523 22,927
GEO sold 4 oz GEO 3,250 4,282 502 8,034
Cash Cost 5 US$/GEO sold 1,175-1,275
All-In Sustaining Cost (AISC) 5 US$/GEO sold 1,375-1,475
Cash and cash equivalents US$ 26,900,000

 

Notes:

  1. Results are preliminary in nature and subject to final reconciliation.
  2. Production from San Agustin and El Castillo from re-leaching.
  3. Metals production before payable deductions.
  4. GEO production and GEO sold are based on weighted average sale prices for Q1 2025 of US$2,875/oz Au and US$31.95/oz Ag.
  5. These measures are non-IFRS financial measures.

Non-IFRS Measures.This news release refers to certain financial measures, such as all-in sustaining cost, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and accordingly may not be comparable to such measures as reported by other companies. These measures have been derived from the Company’s financial statements because the Company believes that they are of assistance in the understanding of the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company’s MD&A for Q4 2024 available on SEDAR+.

Cash costs.The Company uses cash costs per ounce of metals sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is the cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company’s reporting of these non-IFRS financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS financial measures. Cash costs include production costs, refinery and transportation costs and extraordinary mining duty. Cash costs exclude non-cash depreciation and depletion and site share-based compensation.

AISC.AISC more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that in respect of AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations.

Statement of Qualified Persons

Gregg Bush, P.Eng., and Mike Gingles, Qualified Persons, as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed the scientific and technical information that forms the basis for this news release and have approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company, and Mr. Gingles is employed as Vice President of Corporate Development.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100% owned Ana Paula Project in Guerrero, Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

Neither 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.

Cautionary Statement Regarding Forward-Looking Information
This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: In Q2, production is expected to decrease due to drawdown of inventory on the leach pad at San Agustin prior to a planned restart of primary mining activities later in 2025. We remain well on track to meet our production and cost guidance for 2025. This allows us to expand the drilling program at La Colorada and commence the Company’s largest drilling campaign at our flagship Ana Paula project, where we see potential to increase the high-grade underground resource. Looking forward, in Q2 we are focused on delivering an updated technical report to support a planned increase in production at La Colorada and completing the permitting to allow for the restart of mining at San Agustin. The Company intends to utilize the cash flow from operations to increase annual gold production from both producing mines as well as build Ana Paula with minimal equity dilution.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249931

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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SOURCE ROCK ROYALTIES ANNOUNCES FOURTH QUARTER & YEAR-END 2024 RESULTS INCLUDING RECORD ANNUAL FUNDS FROM OPERATIONS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

Source Rock Royalties Ltd. (‘Source Rock’) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period and year ended December 31, 2024.

Annual Highlights:

  • Record annual royalty production of 251 boe/d (95% oil and NGLs), an increase of 21% over 2023.
  • Record annual royalty revenue of $7,689,586 , an increase of 16% over 2023.
  • Record annual Adjusted EBITDA (2) of $6,816,173 ( $0.15 per share), an increase of 18% (16% per share) over 2023.
  • Record annual funds from operations (2) of $5,994,371 ( $0.13 per share), an increase of 6% (5% per share) over 2023.
  • Declared $3,473,939 in dividends ( $0.0765 per share), resulting in a payout ratio (2) of 58%.
  • Achieved an operating netback (2) of $74.20 per boe and a corporate netback (2) of $65.25 per boe.
  • 43 gross new horizontal wells began producing on royalty lands in S.E. Saskatchewan (20), central Alberta (18), west-central Saskatchewan (3), east-central Alberta (1) and Manitoba (1).
  • Working capital of $4,860,362 ( $0.105 per share) as at December 31, 2024 .

Fourth Quarter Highlights:

  • Quarterly royalty production of 256 boe/d (97% oil and NGLs), an increase of 17% over Q4 2023.
  • Quarterly royalty revenue of $1,871,245 , an increase of 9% over Q4 2023.
  • Quarterly Adjusted EBITDA (2) of $1,709,057 ( $0.038 per share), an increase of 12% over Q4 2023.
  • Quarterly funds from operations (2) of $1,511,958 ( $0.033 per share), a decrease of 9% (11% per share) over Q4 2023.
  • Declared three monthly dividends of $0.0065 per share, resulting in a payout ratio (2) of 59%.
  • Achieved an operating netback (2) of $72.57 per boe and a corporate netback (2) of $64.20 per boe.

2024 Reserves Information

Source Rock’s reserves data and other oil and natural gas information, as required under National Instrument 51-101, is available on SEDAR+ at www.sedarplus.ca .

Financial and Operational Results

Three Months Ended December 31,

Year Ended December 31,

FINANCIAL ($, except as noted)

2024

2023

Change

2024

2023

Change

Royalty revenue

1,871,245

1,720,264 (1)

9 %

7,689,586

6,646,326 (1)

16 %

Adjusted EBITDA (2)

1,709,057

1,525,386

12 %

6,816,173

5,793,204

18 %

Per share (basic)

0.038

0.034

12 %

0.15

0.129

16 %

Funds from operations (2)

1,511,958

1,663,376

-9 %

5,994,371

5,653,618

6 %

Per share (basic)

0.033

0.037

-11 %

0.132

0.126

5 %

Total comprehensive income (loss)

501,915

382,367

31 %

1,495,319

1,566,310

-5 %

Per share (basic)

0.011

0.008

38 %

0.033

0.035

-6 %

Per share (diluted)

0.01

0.008

25 %

0.031

0.034

-9 %

Dividends declared

888,863

812,850

9 %

3,473,939

2,968,990

17 %

Per share

0.0195

0.018

8 %

0.0765

0.066

16 %

Payout ratio (2)

59 %

49 %

20 %

58 %

53 %

9 %

Cash and cash equivalents

4,635,727

1,462,040

217 %

4,635,727

1,462,040

217 %

Per share (basic)

0.10

0.03

214 %

0.10

0.03

215 %

Average shares outstanding (basic)

45,582,727

45,139,091

1 %

45,386,449

45,022,140

1 %

Shares outstanding (end of period)

45,582,727

45,231,645

1 %

45,582,727

45,231,645

1 %

OPERATING

Average daily production (boe/d)

256

218 (3)

17 %

251

208 (3)

21 %

Percentage oil & NGLs

97 %

94 %

3 %

95 %

93 %

2 %

Average price realizations ($/boe)

79.45

85.86

-7 %

83.58

87.54

-5 %

Operating netback (2) ($/boe)

72.57

76.06

-5 %

74.20

76.30

-3 %

Corporate netback (2) ($/boe)

64.20

82.94

-23 %

65.25

74.47

-12 %

(1)

Source Rock also benefited from $211,892 (Q4 2023) and $373,437 (fiscal 2023) of sales proceeds from royalty production that occurred after the effective date but prior to the closing date of acquisitions. These proceeds were accounted for as a reduction to the purchase price of the acquisitions.

(2)

This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading ‘Non-GAAP Financial Measures & Ratios’ for more information on each non-GAAP financial measure or ratio.

(3)

Source Rock also benefited from 29 boe/d (100% oil & NGLs) for Q4 2023 and 12 boe/d (100% oil & NGLs) for fiscal 2023, of royalty production that occurred after the effective date but prior to the closing date of acquisitions.

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing, oil focused portfolio of royalty interests concentrated in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock’s strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

Forward-Looking Statements

This news release includes forward-looking statements and forward-looking information within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as ‘plans’, ‘is expected’, ‘expects’, ‘scheduled’, ‘intends’, ‘contemplates’, ‘anticipates’, ‘believes’, ‘proposes’ or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding Source Rock’s dividend strategy and the amount and timing of future dividends (and the sustainability thereof), the potential for future drilling on Source Rock’s royalty lands, expectations regarding commodity prices, Source Rock’s growth strategy and expectations with respect to future royalty acquisition and partnership opportunities, and the ability to complete such acquisitions and establish such partnerships. Such statements and information are based on the current expectations of Source Rock’s management and are based on assumptions and subject to risks and uncertainties. Although Source Rock’s management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Source Rock. Although Source Rock has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Source Rock undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures & Ratios

This news release uses the terms ‘funds from operations’ and ‘Adjusted EBITDA’ which are non-GAAP financial measures and the terms ‘payout ratio’, ‘operating netback’ and ‘corporate netback’ which are non-GAAP ratios. These financial measures and ratios do not have   a standardized prescribed meaning under GAAP and these measures and ratios may not be comparable with the calculation of similar measures disclosed by other entities.

‘Adjusted EBITDA’ is used by management to analyze the Corporation’s profitability based on the Corporation’s principal business activities prior to how these activities are financed, how assets are depreciated, amortized and impaired, and how the results are taxed. Additionally, amounts are removed relating to share-based compensation expense, the sale of assets, fair value adjustments on financial assets and liabilities, other non-cash items and certain non-standard expenses, as the Corporation does not deem these to relate to the performance of its principal business. Adjusted EBITDA is not intended to represent net profit (or loss) as calculated in accordance with IFRS.

The most directly comparable GAAP financial measure to funds from operations is cash flow from operating activities. ‘Funds from operations’ is defined as cash flow from operating activities before the change in non-cash working capital. Source Rock believes the timing of collection, payment or incurrence of these non-cash items involves a high degree of discretion and as such may not be useful for evaluating Source Rock’s operating performance. Source Rock considers funds from operations to be a key measure of operating performance as it demonstrates Source Rock’s ability to generate funds to fund operations, acquisition opportunities, dividend payments and debt repayments, if applicable. Funds from operations should not be construed as an alternative to income or cash flow from operating activities determined in accordance with GAAP as an indication of Source Rock’s performance.

‘Corporate netback’ is calculated as funds from operations divided by cumulative production volumes for the period. Corporate netback is used by Source Rock to better analyze the financial performance of its royalties against prior periods and to assess the cost efficiency of its overall corporate platform as it relates to production volumes. There is no standardized meaning for ‘corporate netback’ and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.

‘Operating netback’ represents the cash margin for products sold. Operating netback is calculated as revenue minus cash administrative expenses divided by cumulative production volumes for the period. Operating netback is used by Source Rock to assess the cash generating and operating performance of its royalties against prior periods and to assess the costs efficiency of its operating platform as it relates to production volumes. There is no standardized meaning for ‘operating netback’ and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.

‘Payout ratio’ is calculated as the aggregate of cash dividends declared in a period divided by funds from operations realized in such period. Source Rock considers payout ratio to be a key measure to assess Source Rock’s ability to fund operations, acquisition opportunities, dividend payments, cash taxes and debt repayments, if applicable.

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 of this release.

SOURCE Source Rock Royalties Ltd.

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Radiopharm Theranostics Doses First Patient with 18F-RAD101 in U.S. Phase 2b Imaging Study of Brain Metastasis

Phase 2b study evaluating diagnostic performance of 18F-RAD101 for suspected recurrent brain metastases from solid tumors of different origins

Underscores Radiopharm’s commitment to developing transformative oncology radiopharmaceuticals

Radiopharm Theranostics (ASX:RAD, Nasdaq: RADX, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, today announced the dosing of the first patient in its U.S. Phase 2b imaging study of 18F-RAD101 in suspected recurrent brain metastasis.

The U.S. multicenter, open-label, single arm Phase 2b clinical trial 1 is evaluating the diagnostic performance of 18F-RAD101 in 30 individuals with confirmed recurrent brain metastases from solid tumors of different origins. The primary objective of the study is concordance between 18F-RAD101 positive lesions and those seen in conventional imaging (MRI with gadolinium) in participants with suspected recurrent brain metastases.

RAD101 is a novel imaging small molecule that targets fatty acid synthase (FASN), a multi-enzyme protein that catalyses fatty acid synthesis and is overexpressed in many solid tumors, including cerebral metastasis. Disruption of FASN activity allows for the accurate detection of cancer cells, representing a strongly viable target for the imaging of brain metastasis. Positive data from the Imperial College of London’s Phase 2a imaging trial of 18F-RAD101 in patients with brain metastases showed significant tumor uptake that was consistent with and independent from the tumor of origin. 2

‘We are proud to pioneer the first U.S. clinical trial of RAD101,’ said Harshad R. Kulkarni, MD, Chief Medical Advisor at BAMF Health and Principal Investigator of this Phase 2b study. ‘This marks an important step toward improving diagnostic precision and enabling more evidence-based, individualized treatment decisions for patients with brain metastases following stereotactic radiosurgery.’

‘This trial is an excellent illustration of BAMF Health’s clinical trials platform in action,’ added BAMF Health’s Director of Clinical Trials. ‘Our Radiopharmacy is producing the imaging agent on-site, our clinic team is caring for the patient and providing the best image in the world, and our clinical trials team expertly coordinates it all. BAMF’s facility and team were built to do trials just like this.’

‘Current standard of care imaging is less sensitive in discriminating between tumor recurrence and radiation necrosis in patients with brain metastasis who have received anticancer treatments, including radiation,’ said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics Ltd. ’18F-RAD101 has the strong potential to improve diagnostic accuracy of brain metastases, and holds promise for discriminating between treatment effect and true progression in the more than 300,000 patients diagnosed with brain metastasis each year in the U.S. alone. We look forward to advancing this clinical trial and to reporting topline data in the second half of 2025.’

About Radiopharm Theranostics

Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain. Learn more at radiopharmtheranostics.com .

About BAMF Health

BAMF Health is the world’s first vertically integrated platform for intelligence-based precision medicine. Headquartered in Grand Rapids, Michigan, BAMF Health employs the most advanced theranostic imaging technology to detect and treat cancer and other diseases and conduct advanced clinical trials. Our overriding mission is to empower patients to become people again. With a team of data scientists, researchers, software engineers, and clinicians —all working in lockstep—we’re making good on it. To learn more about BAMF Health, visit www.bamfhealth.com .

Authorized on behalf of the Radiopharm Theranostics Board of Directors by Executive Chairman Paul Hopper.

For more information:

Investors:

Riccardo Canevari
CEO & Managing Director

Radiopharm Theranostics
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com

Andrew Dymon
Precision AQ (formerly Stern IR)
andrew.dymon@precisionaq.com

Media:

Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au

Follow Radiopharm Theranostics:
Website – https://radiopharmtheranostics.com/
Twitter – https://twitter.com/TeamRadiopharm
Linked In – https://www.linkedin.com/company/radiopharm-theranostics/
InvestorHub – https://investorhub.radiopharmtheranostics.com/

________________________
1 https://www.clinicaltrials.gov/study/NCT06777433
2 S. Islam et. Al., EJNMMI; 07 February 2025. https://doi.org/10.1007/s00259-025-07118-0

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Crypto Market Recap: Bitcoin Holds Above US$90,000, Strategy Bags Another US$1.42 Billion

Here’s a quick recap of the crypto landscape for Monday (April 28) as of 9:00 a.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$94,726.46 as markets opened for the day, up 0.6 percent in 24 hours. The day’s range has seen a low of US$92,953.34 and a high of US$95,490.92.

Bitcoin performance, April 28, 2025.

Chart via TradingView

The Bitcoin rally was fueled by Strategy’s US$1.42 billion Bitcoin purchase and a broader US$3.5 billion accumulation by large holders, indicating institutional interest remains strong.

Ethereum (ETH) ended the day at US$1,809.25, a one percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,760.54 and a high of US$1,821.94.

Altcoin price update

  • Solana (SOL) ended the day valued at US$151.52, down 1.1 percent over 24 hours. SOL experienced a low of US$145.12 and peaked at $152.91.
  • XRP traded at US$2.33, reflecting a 2.9 percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.22 and reached its highest point at US$2.34.
  • Sui (SUI), this week’s outperformer, was priced at US$3.69, showing an increaseof 1.7 percent over the past 24 hours. It achieved a daily low of US$3.42 and a high of US$3.85.
  • Cardano (ADA) was trading at US$0.7234, up 1.2 percent over the past 24 hours. Its lowest price on Monday was US$0.685, with a high of US$0.7270.

Today’s crypto news to know

Strategy stacks US$1.42 billion in Bitcoin as price soars past US$90,000

Bitcoin bull Michael Saylor’s firm, Strategy, added another 15,355 BTC to its holdings last week, spending roughly US$1.42 billion between April 21 and 27 as Bitcoin surged past the US$90,000 mark.

According to Strategy’s April 28 filing with the US Securities and Exchange Commission, the purchase was made at an average price of US$92,737 per Bitcoin, bringing the company’s total haul to a staggering 553,555 BTC — now valued at more than US$50 billion.

The move marks Strategy’s largest Bitcoin acquisition since late March and reflects the firm’s aggressive accumulation strategy despite growing market volatility.

On social media, Saylor celebrated the purchase, noting that Strategy’s Bitcoin yield now sits at 13.7 percent year-to-date, and reaffirmed his belief that Bitcoin remains massively undervalued despite its recent rally.

With the company’s market cap pushing toward US$100 billion and Bitcoin trading around US$95,000, Strategy’s latest moves signal continued institutional confidence in Bitcoin as a core asset class.

Grayscale pushes SEC to approve Ethereum ETF staking

Grayscale Investments is renewing its pressure on the US Securities and Exchange Commission (SEC) to allow staking activities for Ethereum ETFs, highlighting that restrictive rules have already cost American funds more than US$61 million in foregone rewards.

In a high-level meeting with the SEC’s Crypto Task Force, Grayscale executives presented a proposal to amend existing Ethereum ETF filings to permit staking, emphasizing the competitive disadvantage US funds now face compared to their European and Canadian counterparts.

Grayscale argued that staking would not only enhance investor returns but also contribute to Ethereum network security, supporting a more resilient decentralized infrastructure.

The company also laid out a liquidity management plan to address concerns about redemption risks, including credit facilities and liquidity sleeves with custodians like Coinbase Custody.

SEC’s Hester Peirce likens US crypto regulation to ‘floor is lava,’ demands real reforms

SEC Commissioner Hester Peirce delivered a blistering critique of the United States’ crypto regulatory framework, comparing it to the children’s game ‘floor is lava,’ where firms are forced to hop precariously across unclear legal guidelines to avoid regulatory pitfalls.

Speaking at the SEC’s “Know Your Custodian” roundtable on April 25, Peirce criticized the lack of coherent, actionable rules for investment advisers, custodians, and exchanges dealing with crypto assets.

She stressed that without clear definitions around securities classifications and custodial qualifications, the industry is being paralyzed by uncertainty, stifling innovation and deterring responsible market participants.

Fellow commissioner Mark Uyeda reinforced Peirce’s warnings, urging the SEC to expand custodial options by recognizing state-chartered trust companies, a move he said is essential to the healthy development of crypto trading platforms and alternative trading systems.

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.

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‘Number of people killed’ after car drives into crowd at Vancouver Filipino festival

Fatalities have been confirmed after a car plowed into a crowd at a street festival celebrating Filipino heritage in Vancouver on Saturday night, according to officials in the Canadian city.

“A number of people have been killed and multiple others are injured after a driver drove into a crowd at a street festival,” the Vancouver Police Department wrote in a statement on X.

The driver of the vehicle is in custody, according to police.

Prime Minister Mark Carney mourned the dead and wounded, calling the ramming “horrific” in a statement on X.

“I offer my deepest condolences to the loved ones of those killed and injured, to the Filipino Canadian community, and to everyone in Vancouver. We are all mourning with you,” he wrote.

Vancouver’s mayor also offered condolences.

“I am shocked and deeply saddened by the horrific incident at today’s Lapu Lapu Day event,” Ken Sim wrote on X.

“Our thoughts are with all those affected and with Vancouver’s Filipino community during this incredibly difficult time.”

Sim said he would provide more information on the incident.

This is a developing story and will be updated.

This post appeared first on cnn.com

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