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The Fed should absolutely stop talking about being “data dependent”. That’s so far from the truth. If they were data dependent, we’d have either seen a rate cut today or Fed Chief Powell would have been discussing one for the next meeting. Inflation reports since the last Fed meeting have been benign. Economic reports, on the other hand, have shown weakness and are pointing to the need for lower interest rates.

Powell was having none of it. During Wednesday’s press conference, one reporter asked the Fed Chief why the Fed was able to lower rates in December, despite knowing that tariffs and their potential impacts were on the way. I thought it was a great question, because Powell was using future tariff impacts on inflation as the primary reason for holding rates steady today. It was a perfect illustration of The Waffler at his best. When another reporter asked Powell about his frequent comments that the Fed is data dependent and that all current data points to the need for an interest rate cut, The Waffler noted the Fed needs to “look ahead”. So which is it? Is interest rate policy being guided by current data or by looking ahead?

This is a repeat of 2021 and 2022. Remember all the inflation news and how The Waffler said inflation was transitory. I guess he was looking ahead when he made those comments. He and his band of wafflers looked ahead and got it wrong. Then, inflation data poured in higher than expected for months and he finally started his data dependency talk.

The Fed has been late to every single party for 7 years now and running. They’re running late again. Eventually, Mr. Waffler will get it right and our major indices will all move to all-time highs. For now, though, the reason for any period of consolidation or, worse yet, selling can be laid at the doorstep of none other than The Waffler.

Personally, I’m exhausted by the constant “listen to what I say until I change it” approach to interest rate policy. Yes, we’ve had a 100-year pandemic and a resulting inflation problem that’s been worse than any since the 1970s. We’ve had two trade wars. I get it. But I firmly believe that the extreme volatility and the four (FOUR!!!!!!!) cyclical bear markets that we’ve endured since The Waffler became the Fed Chief is, in large part, his fault. He was sworn in on February 5th, 2018 and the stock market has been a roller coaster ever since:

Name the last time that the U.S. has seen 4 different cyclical bear markets, all starting from all-time highs, within a 7-year period. Start the Jeopardy music.

His mismanagement of interest rates didn’t start with the pandemic. I wrote an article in December 2018, during his first year, saying that his call for two rate hikes in 2019 would never happen. The next interest rate move? A cut several months later in 2019. Here’s the article I wrote back then as we bottomed in December 2018:

“How The Grinch Stole Christmas” Featuring Jerome Powell

No one has been wrong more than The Waffler.

Now maybe you’re sitting back and saying, “Tom, what’s the big deal? The tariffs are a threat. Why not just wait it out and be sure there are no lingering inflationary pressures?” Well, if you don’t mind the potential of a 5th cyclical bear market before we finally boot this guy to the curb, then I say GO FOR IT. Why try to hasten an economic meltdown when it’s unnecessary? Who believes anything The Waffler says? He said we were going to get two rate hikes in 2019. We got an interest rate cut instead. He said inflation was transitory in 2021. Then the Fed had to start raising rates at an absurd rate, because inflation skyrocketed and he waited way too long to turn hawkish. The stock market bottomed in June 2022 and was returning back towards all-time highs just prior to his infamous “more pain ahead” speech from Jackson Hole, WY on August 26th, 2022. Subsequent to that speech, the stock market fell precipitously for two months before once again finding a new bottom. That entire selling episode was caused solely by his irresponsible remarks.

And now where are we? Holding rates steady while the European Central Bank (ECB) has cut rates for 8 straight meetings. The Waffler will eventually get it right. Unfortunately, a lot of innocent investors and traders will continue to pay the price – until someone finally shows him the exit.

His term expiration cannot get here soon enough for me. GOOD RIDDANCE MR. WAFFLER!

Market Manipulation

I’ve written often about what I call the “legalized thievery” of market makers. The extreme volatility over the past several years has triggered market manipulation like we’ve never seen before. The good news is that once you understand how it works, trading the stock market gets a whole lot easier. At EarningsBeats.com we’ve timed exits out of the stock market almost perfectly, prior to the onset of cyclical bear markets. Missing out on 20%+ declines and then jumping back in at or near major bottoms increases stock market returns dramatically.

It’s time that everyone understands how the stock market works. On Saturday, June 28th, at 10:00am ET, we will be hosting a FREE webinar, “Trading the Truth: How Market Manipulation Creates Opportunity”. This event promises to be a real eye-opener, unless you’re already an EarningsBeats.com member (in which case you’ve already become a seasoned veteran regarding manipulation). Do you want to see big stock market declines before they happen? I will teach you how.

Seating is limited and this event will be packed, I can guarantee you that. PLEASE be sure to register NOW and save your spot. Again, there is NO COST. Registration is easy. Simply CLICK HERE to register and for more information.

(By the way, if you’re not available to attend LIVE on Saturday, June 28th, you should still register. All those who register will receive a copy of the recording after the event and it will be time stamped.)

Happy trading!

Tom

Investing

Freegold Achieves over 90% Gold Recovery Using BIOX® and greater than 92% Gold Recovery using POX – Additional Metallurgical Work Remains Ongoing

All three methods tested: BIOX®, POX, and the Albion Process yield over 90% gold recovery
Further work to enhance sulphide recoveries through oxidation, as well as gravity, flotation and CIL recoveries, is in progress

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (‘Freegold’ or the ‘Company ‘) is pleased to announce further results from the ongoing metallurgical test work currently underway.

The current initiatives are focused on refining the flowsheet options for the pre-feasibility study. This includes testing and ongoing evaluation of sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process, as well as further gravity, flotation and CIL test work.

Earlier this year, Freegold reported 93% recovery using the Albion Process oxidation-CIL, with further test work ongoing. Comminution tests using half-PQ core have been conducted on over 50 samples from various locations and lithologies within the deposit. These tests provide information to evaluate the trade-off between grind size and liberation versus power consumption, to optimize power requirements and operating costs while enhancing gold recovery.

The BIOX test work has been in progress for several months, and results have shown that gold recovery rates of greater than 90% can be achieved.

2025 PROGRAM

Drilling is now underway with three rigs

Conversion of inferred resources into indicated & further exploration drilling.

Updated mineral resource
Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource.
Commencement of a Pre-Feasibility Study (PFS)

Summary of Gold Recovery using BIOX®,

A series of BIOX® amenability oxidation tests have been completed using a sulphide rougher concentrate produced from a composite of Golden Summit material sourced from eight diamond drill hole assay rejects. The duration of the biological oxidation tests conducted was 10, 15, 20, 30 and a duplicate 30 days. The residue from these BIOX® tests was subjected to CIL treatment, and overall gold recovery from gravity, rougher flotation, BIOX® treatment, and CIL averaged 91% from this suite of test work.

Summary of Gold Recovery using POX,

Pressure oxidation (POX) treatment of sulphide rougher concentrate, as well as a cleaner concentrate, with lower mass and only marginally lower gold deportment, has been completed. The POX residue was washed and neutralized and subjected to CIL leaching for gold recovery. The POX-CIL testwork has yielded an average overall gold recovery of over 92% in a process flowsheet incorporating gravity, flotation, POX, and CIL.

This testwork utilized eight drill core composites comprising 1,192 meters of drill intercepts that represent 587 continuous mineralized intervals, with a total material weight of over 5,100 kilograms. These composites represent different locations and grades within the Dolphin and Cleary area and were created using continuous drill intervals chosen to reflect potential mill feed (Refer to the map below for hole locations.) The selections of drill holes and intervals included the primary gold-hosting lithologies. These composites were prepared from laboratory assay rejects of fresh rock intervals located well below the existing oxide cap at Golden Summit. Additionally, four large-diameter PQ holes were drilled during 2024. A total of 7,600 kg has been made available for comminution testing and ongoing metallurgical testwork.

Two additional PQ holes are being drilled in the 2025 program to enhance our metallurgical test work. This work aims to provide data for trade-off studies in the pre-feasibility study, developing a process flowsheet to maximize economic returns. Ongoing tests indicate that part of the mineralization is non-refractory and can be processed conventionally, although additional sulfide processing is necessary for optimal recovery. The September 2024 resource estimate, based on a gold price of $1,973 , included grinding, gravity separation, flotation, regrinding of sulphide concentrate, and CIL treatment, achieving a 72% gold recovery rate at a processing cost of $14 per ton.

The current program is designed to test sulphide oxidation methods, aiming to increase recoveries beyond the 72% gold recovery reported in the September 2024 resource estimate. Each of the three oxidation methods tested successfully demonstrated the potential to achieve gold recoveries exceeding 90%. These methods may increase costs; however, higher gold recoveries and gold prices could offset the additional capital expenditures (CAPEX) and operating expenditures (OPEX ) costs. Ongoing work will focus on identifying the most suitable oxidation method for use in the pre-feasibility study.

Discovery costs at Golden Summit are under $4.00 per ounce. Since 2020, exploration at Golden Summit has transformed the project, evolving to one of North America’s most significant undeveloped gold resources, owing to a revised interpretation, extensive drilling, and a robust metallurgical program. There remains considerable potential for further expansion and optimisation as the project advances. The revised mineral resource estimate, incorporating the 2024 drilling, is expected to be finalised soon.

The current 2025 drilling program aims to upgrade inferred resources to indicated through infill drilling. Drilling for geotechnical purposes, resource definition, and additional metallurgical test holes will also be carried out. A total of 30,000 metres of drilling is planned. Archaeological fieldwork and geotechnical drilling are scheduled to commence shortly, with a fourth drill rig added to enhance exploration efforts. A pre-feasibility study is set to begin later this year.

Link to the Plan Map:

https://freegoldventures.com/site/assets/files/6287/fvl06192025_ddhplan.png

HQ Core is logged, photographed and cut in half using a diamond saw, and one-half placed in sealed bags for preparation and subsequent geochemical analysis by MSA Laboratories in Prince George, BC , and/or Fairbanks, Alaska . At MSALABS, the entire sample will be dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split will be analyzed for gold using CHRYSOS PhotonAssay (CPA-Au1). From this, 250g will be further riffle split from the original PhotonAssay sample, pulverized, and a 0.25g sub-sample analysed for multi-element geochemistry using MSA’s IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025 and ISO 9001 certified quality systems. A QA/QC program includes laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

^{Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024 , filed under Freegold’s profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold’s operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect on Freegold’s business, results of operations, and financial condition.}

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/19/c8191.html

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Investing

Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results

All reported holes intersected gold mineralization, reinforcing continuity and improving structural understanding at the Jagger Zone
Results support the Company’s systematic exploration and targeting approach for further resource definition at Kossou

Kobo Resources Inc. (‘ Kobo’ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project (‘ Kossou ‘) in Côte d’Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250619919405/en/

Diamond Drill Results Highlights:

Jagger Zone:

KDD0081
- 8.0 m at 2.13 g/t Au from 140.0 metres (‘m’), including 2.0 m at 7.00 g/t Au from 140.0 m
KDD0082
- 30.0 m at 0.64 g/t Au from 128.0 m, including 10.25 m at 0.80 g/t Au, from 128.0 m and 2.0 m at 1.90 g/t Au from 143.0 m
KDD0083
- 7.0 m at 1.18 g/t Au from 123.0 m
- 6.0 m at 2.07 g/t Au from 138.0 m, including 1.0 m at 8.47 g/t Au from 64.0 m
- 7.3 m at 1.63 g/t Au from 95.0 m
KDD0084
- 8.0 m at 1.41 g/t Au from 88.0 m
- 21.5* m at 1.14 g/t Au from 106.0 m, including 4.0 m at 1.98 g/t Au from 106.0 m, 4.0 m at 1.27 g/t Au from 115.0 m, and 1.5 m at 4.93 g/t Au from 126.0 m
KDD0085
- 20.0 m at 1.41* g/t Au from 106.0 m, including 5.0 m at 3.70 g/t Au from 121.0 m and including 2.0 m at 8.47 g/t Au from 123.0 m

Edward Gosselin, CEO and Director of Kobo commented: ‘These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues.’

Jagger Zone Drilling Highlights Scale and Continuity

Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company’s understanding of this highly prospective target (see Figure 1).

Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone.

On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.)

Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone

Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the ‘Jagger Shear Corridor’, brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes.

At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation.

Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa.

Table 1: Summary of Significant Diamond Drill Hole Results

BHID	East	North	Elev.	Az.	Dip	Length		From (m)	To (m)	Int. (m)	Au g/t	Target
KDD0080	228997	775340	338	70	-50	233.05		32.00	34.00	2.00	1.80	Jagger
								49.00	51.00	2.00	2.18	Jagger
								60.00	61.00	1.00	2.31	Jagger
								70.00	76.00	6.00	0.91	Jagger
								100.00	102.20	2.20	0.99	Jagger
								115.00	117.00	2.00	0.59	Jagger
								126.00	127.00	1.00	1.86	Jagger
								181.00	182.00	1.00	1.10	Jagger
								201.00	207.05	6.05	0.67	Jagger
							incl.	205.00	207.05	2.05	1.43	Jagger
								221.85	223.00	1.15	1.19	Jagger
KDD0081	228958	775353	333	70	-50	266.05		31.00	32.00	1.00	2.02	Jagger
								45.00	46.00	1.00	1.52	Jagger
								70.00	72.40	2.40	1.04	Jagger
								78.00	80.00	2.00	0.67	Jagger
								123.00	124.00	1.00	1.49	Jagger
								130.00	133.00	3.00	1.15	Jagger
								140.00	148.00	8.00	2.13	Jagger
							incl.	140.00	142.00	2.00	7.00	Jagger
								175.10	176.20	1.10	1.79	Jagger
KDD0082	228973	775257	364	70	-50	293.05		22.00	23.00	1.00	1.51	Jagger
								104.00	105.00	1.00	6.61	Jagger
								110.00	111.00	1.00	1.42	Jagger
								128.00	158.00	30.00	0.64*	Jagger
							incl.	128.00	138.25	10.25	0.80	Jagger
							incl.	143.00	145.00	2.00	1.90	Jagger
							incl.	148.00	158.00	10.00	0.60	Jagger
								161.40	164.00	2.60	0.65	Jagger
KDD0083	229013	775240	361	70	-50	236.05		32.00	33.00	1.00	3.73	Jagger
								62.00	63.00	1.00	3.17	Jagger
								71.00	72.00	1.00	8.42	Jagger
								80.00	84.00	4.00	0.87	Jagger
								100.00	101.00	1.00	1.33	Jagger
								104.00	105.00	2.00	1.29	Jagger
								109.40	117.00	7.60	0.35	Jagger
								123.00	130.00	7.00	1.18	Jagger
								138.00	144.00	6.00	2.07	Jagger
								161.00	163.60	2.60	1.04	Jagger
KDD0084	229018	775216	361	70	-50	164.05		67.00	69.00	2.00	0.83	Jagger
								80.00	83.00	3.00	1.00	Jagger
								88.00	96.00	8.00	1.41	Jagger
								106.00	127.50	21.50	1.14*	Jagger
							incl.	106.00	110.00	4.00	1.99	Jagger
							incl.	115.00	119.00	4.00	1.27	Jagger
							incl.	126.00	127.50	1.50	4.93	Jagger
KDD0085	228982	775175	358	70	-50	182.05		83.00	84.00	1.00	2.38	Jagger
								106.00	126.00	20.00	1.41*	Jagger
							incl.	113.00	117.00	4.00	1.25	Jagger
							incl.	121.00	126.00	5.00	3.70	Jagger
							incl.	123.00	125.00	2.00	8.47	Jagger
								154.00	161.00	7.00	1.20	Jagger
								169.00	172.00	3.00	1.38	Jagger
KDD0086	229024	775165	345	70	-50	143.00		71.60	73.00	1.40	1.63	Jagger
								82.00	89.00	7.00	1.04	Jagger
								95.00	107.00	12.00	0.68	Jagger
								118.00	123.00	5.00	0.69	Jagger
Notes:
Cut-off using 2.0 m at 0.30 g/t Au
Intervals are reported with no more than 3 m of internal dilution of less than 0.3 g/t Au except where indicated*

An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.

The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management’s discussion and analysis. Copies of these financial statements and related management’s discussion and analysis can be found on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca as well as on the Company’s website at www.koboresources.com .

Sampling, QA/QC, and Analytical Procedures

Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-looking Information:

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250619919405/en/

For further information, please contact:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com

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Investing

Stallion Uranium: Positioned for Discovery in the World’s Premier Uranium District

Stallion Uranium (TSXV:STUD,OTCQB:STLNF) is a Canadian exploration company focused on unlocking new discoveries in the underexplored southwestern Athabasca Basin—an emerging frontier with exceptional geological potential. With more than 709,000 acres under control, Stallion holds one of the largest land positions among junior explorers in the region.

As global uranium demand accelerates—driven by over 900 reactors in operation, construction, or planning—Stallion is well-positioned to benefit from a growing supply gap. The Athabasca Basin, known for uranium grades up to 20 times the global average, remains the world’s premier jurisdiction for high-grade uranium exploration.

Stallion Uranium holds one of the largest underexplored land packages in the Athabasca Basin, covering more than 709,000 acres in the highly prospective southwestern region. Using advanced geophysics and a proven exploration framework, the company has systematically identified and ranked nine Tier-1 uranium targets across its portfolio. From these, three high-priority corridors have been selected for near-term exploration—each displaying the key geological and structural characteristics associated with major high-grade discoveries in the Basin.

Company Highlights

Large-scale land position: 709,192 acres in the underexplored southwestern Athabasca Basin.
World-class exploration address: Athabasca Basin accounts for ~15 percent of global uranium production and hosts the world’s highest-grade deposits.
Tier-1 targets: Nine high-priority uranium targets identified; three prioritized for near-term drilling: Coyote, Fishhook and Lynx – each defined by advanced geophysics and ideal structural settings.
Discovery-focused leadership: Team responsible for discoveries including NexGen’s Arrow and Hathor’s Roughrider.
Strong market fundamentals: Global reactor count rising, while uranium supply remains structurally constrained.
Near-term catalysts: Drilling at Coyote planned for H2 2025; expanded geophysics underway across portfolio.

This Stallion Uranium profile is part of a paid investor education campaign.*

Click here to connect with Stallion Uranium (TSXV:STUD) to receive an Investor Presentation

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Investing

Harvest Gold: Advancing the Large-scale Mousseau Gold Project in Quebec’s World-class Abitibi Region

Harvest Gold (TSXV:HVG) is a Canadian junior explorer focused on advancing a portfolio of gold projects in Quebec’s prolific Abitibi Greenstone Belt—one of the world’s most productive gold regions, with over 200 million ounces of historical output. Its Mousseau, Urban Barry, and LaBelle properties are strategically positioned within and near the Urban Barry Greenstone Belt, a rapidly emerging gold camp attracting significant exploration activity and investment from majors such as Gold Fields and Osisko Mining.

The Urban Barry Belt hosts major deposits like Windfall (now owned by Gold Fields) and Bonterra’s Gladiator and Barry, making it a hotspot for gold discovery. In a region increasingly dominated by majors, Harvest Gold offers rare early-stage exposure through three large, independently held land packages with road access, infrastructure, and newly cleared ground—setting the stage for high-impact exploration and potential acquisition.

Harvest Gold is backed by Crescat Capital, a prominent institutional investor with a strong track record of supporting early-stage discoveries. Crescat’s investment was driven by the endorsement of their strategic advisor, Dr. Quinton Hennigh, a globally recognized exploration geologist. His confidence in the company’s land positioning and geological model is a powerful validation of Harvest’s potential.

Company Highlights

Flagship Mousseau Project: Large-scale, advanced-stage exploration property with multiple confirmed gold-bearing shear zones.
Tier-one address: All projects located in Quebec’s Urban Barry Greenstone Belt where Gold Fields recently acquired Osisko Mining’s world-class Windfall deposit and much of the rest of the Urban Barry belt.
Institutional Backing: Crescat Capital, with renowned Advisor, geologist Dr. Quinton Hennigh, owns approximately 19 percent of Harvest Gold.
Skilled Technical Team: Leadership includes seasoned geologists and executives with proven discovery and development track records.
Favourable Jurisdiction: Operates in Quebec, a politically stable, mining-friendly province with excellent infrastructure and low exploration costs.
Strategic Timing: Recent forest fires have unveiled new outcrops, offering rare exploration advantages. Gold is trading at an all-time high.

This Harvest Gold profile is part of a paid investor education campaign.*

Click here to connect with Harvest Gold (TSXV:HVG) to receive an Investor Presentation

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Investing

Crypto Market Recap: Institutional Investments, Stablecoin News and ETF Activity

Here’s a quick recap of the crypto landscape for Wednesday (June 18) 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$104,043, a decrease of 0.8 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$103,832 and a high of US$105,218.

Bitcoin price performance, June 18, 2025.

Chart via TradingView.

Bitcoin hovered around US$105,000 on Wednesday morning before pulling back to around US$104,000 in the leadup to the US Federal Reserve’s decision to leave interest rates unchanged.

The crypto market has displayed resilience despite mounting geopolitical tensions, which have been tempered in light of the Senate vote to advance the GENIUS Act. Institutional buying, partly fueled by an influx of corporate treasuries, is helping to support demand amid uncertainty.

Key levels to watch are US$102,000 to US$104,000 as support and US$106,000 as resistance.

A breakout above US$112,000 could trigger a liquidation cascade to US$114,000, while a drop below US$100,000 risks deeper downside toward US$98,000.

Ethereum (ETH) is currently priced at US$2,498.86, a 1.4 percent decrease over the past 24 hours. Its lowest valuation on Wednesday was US$2.471.24, and it reached a high of US$2,533.07.

Altcoin price update

Solana (SOL) was priced at US$145.22, down 2.7 percent over 24 hours. SOL experienced a low of US$144.08 and reached a high of US$146.55.

XRP was trading at US$2.15, a two percent decrease in 24 hours. Its lowest valuation on Wednesday was US$2.12, and it reached an intraday peak of US$2.16.

Sui (SUI) was trading at US$2.78, showing a decreaseof 3.5 percent over the past 24 hours. Its lowest valuation was US$2.73 as the markets opened, and it reached an intraday high of US$2.80.

Cardano (ADA) is priced at US$0.5935, down 4.2 percent in 24 hours. Its lowest valuation on Wednesday was US$0.5908, and its highest valuation was US$0.6052.

Today’s crypto news to know

Senate advances GENIUS Act

In a vote of 68 to 30, the US Senate passed the GENIUS Act, advancing the legislation to the House.

“With this bill, the United States is one step closer to becoming the global leader in crypto,” said Republican Senator Bill Hagerty of Tennessee from the Senate floor before the Tuesday (June 17) vote.

‘Once the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks,’ he added.

Ubyx platform aims to boost stablecoin adoption

Ubyx, a new stablecoin clearing platform designed to boost stablecoin adoption through face value redemptions, has secured US$10 million in seed funding, according to a company announcement made on Tuesday.

The round was led by Galaxy Ventures, and included participation from Coinbase Ventures, Founders Fund, VanEck and Paxos among others. Ubyx intends to launch its platform, which will enable regulated banks and fintech companies to redeem stablecoins directly for fiat currency at par value in the fourth quarter of 2025.

Ubyx’s partners include stablecoin issuer Paxos and blockchain firm Ripple.

Ondo Finance launches alliance for on-chain asset adoption

On Tuesday, Ondo Finance introduced the Global Markets Alliance, a collaborative effort to encourage the adoption of on-chain financial assets. Founding members include eight crypto platforms: Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca, with expectations for additional members to join.

Ondo Finance specializes in real-world asset tokenization and recently launched a layer-1 blockchain designed for institutional on-chain assets. The platform provides tokenized treasury products collateralized by US government debt.

Corporate crypto investments exceed US$880 million in two days

Four publicly traded US companies announced a total of US$844 million in cryptocurrency investments on Tuesday, signaling a growing trend of corporations seeking returns through Bitcoin and other digital assets.

Hong Kong-based DDC Enterprise (NYSEAMERICAN:DDC) secured US$528 million via three securities purchase agreements, funding the company will use to acquire 5,000 Bitcoin over the next three years to fulfill with company’s goal of building the ‘world’s most valuable Bitcoin treasury.”

Major investors included Anson Funds and Animoca Brands’ venture capital arm.

Fold Holdings (NASDAQ:FLD), recognized as the first publicly traded Bitcoin financial services firm, secured a US$250 million equity purchase facility. Net proceeds are primarily intended for further Bitcoin acquisitions.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR), a firm specializing in Bitcoin mining equipment rentals, announced its purchase of US$16.3 million worth of Bitcoin, utilizing funds from a recent stock offering.

Eyenovia (NASDAQ:EYEN) disclosed a US$50 million private placement to establish a reserve for the Hyperliquid (HYPE) token. It intends to acquire over 1 million HYPE tokens to be staked on Anchorage Digital’s crypto platform.

In Europe, Paris’ Blockchain Group (EPA:ALTBG) expanded its Bitcoin reserves with the acquisition of 182 BTC for approximately US$19.6 million. This purchase increases the company’s total Bitcoin holdings to 1,653 BTC and was financed through a series of convertible bond issuances.

Buying continued on Wednesday with the announcement of health services company Prenetics’ (NASDAQ:PRE) US$20 million Bitcoin investment. This news coincided with the appointment of former OKEx COO Andy Cheung to Prenetics’ board of directors, and Tracy Hoyos Lopez, chief of staff of strategic initiatives at Kraken, as an advisor to the company’s Bitcoin strategy.

Crypto-finance integration deepens with collateral expansions

In a joint statement on Wednesday, Coinbase Derivatives and Nodal Clear announced they are expanding their partnership to allow Circle’s USDC stablecoin to be used as collateral in US futures markets. This initiative is anticipated to be the first regulated instance of USDC being used as collateral, with Coinbase Custody Trust acting as the custodian.

The goal of this integration is to encourage wider acceptance of stablecoins within regulated derivatives markets. Pending approval from the Commodity Futures Trading Commission, the integration is scheduled to launch in 2026.

Meanwhile, ARK Invest, led by Bitcoin bull Cathie Wood, sold 642,766 shares of USDC issuer Circle (NYSE:CRCL), worth US$96.5 million, over Monday (June 16) and Tuesday.

This occurred as Circle’s stock price declined by almost 12 percent during the same period. This marks ARK’s first divestment of Circle since its explosive NYSE public debut on June 5. Circle’s share price has since recovered, ending the trading day valued at US$199.59, 35 percent above Monday’s opening price of US$147.54.

In other news, Deribit and Crypto.com will now begin accepting BlackRock (NYSE:BLK) tokenized US Treasury fund (BUIDL) as collateral for trading accounts held by institutional and experienced clients. This allows these traders to use a low-volatility, yield-generating asset to back leveraged positions, reducing their margin requirements.

These steps reflect a growing trend toward deeper crypto-finance integration.

New XRP ETFs launch on Toronto Stock Exchange

Three new XRP exchange-traded funds (ETFs) launched on the Toronto Stock Exchange (TSX) on Wednesday, offering Canadian investors direct exposure to the XRP cryptocurrency.

These new ETFs expand accessibility to digital asset investments for Canadians within a regulated framework.

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

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Latest News

Indonesia volcano spews ash more than 6 miles into sky, dozens of Bali flights canceled

A volcanic eruption in Indonesia sent an enormous ash cloud more than six miles into the sky, disrupting or canceling dozens of flights to and from the tourist island of Bali.

Mount Lewotobi Laki Laki erupted at 5:35pm local time on Tuesday, unleashing a 6.8-mile (11-kilometer) hot ash column over the tourist island of Flores in south-central Indonesia, the country’s Geology Agency said.

Images showed an orange mushroom-shaped cloud engulfing the nearby village of Talibura with sightings reported up to 93 miles (150km) away.

Officials issued the country’s highest alert and urged tourists to stay away.

Dozens of flights were halted in Bali, according to Denpasar International Airport website, which marked the disruptions “due to volcano.”

They included domestic routes to Jakarta and Lombok as well as others to Australia, China, India, Malaysia, New Zealand and Singapore.

Fransiskus Xaverius Seda Airport was closed until Thursday, “to ensure the safety of the passengers,” airport operator AirNav said in an Instagram post.

Singapore’s Changi Airport website shows Jetstar and Scoot canceled flights to Bali Wednesday morning while AirAsia called off its midday flight to the Indonesian capital.

Holidaymakers Athirah Rosli, 31, and her husband Fadzly Yohannes, 33, woke up this morning to discover that their Jetstar flight home from Bail to Singapore was canceled.

“My husband and I looked at new flights, booked more accommodation and insurance and then had breakfast at our hotel,” she said.

“I see it was a blessing in disguise that we’re safe and well.”

Recent rumblings

The volcano’s eruption follows significant volcanic activities, including 50 in two hours, up from the average eight to 10 activities per day.

The 5,197-foot (1,584-meter) twin volcano erupted again Wednesday morning, spewing a 0.62-mile (1km) ash cloud, officials confirmed.

Dozens of residents in two nearby villages were evacuated, according to Avi Hallan, an official at the local disaster mitigation agency.

A danger zone is in place around five miles (8km) from the crater and residents have been warned about the potential for heavy rainfall triggering lava flows in rivers flowing from the volcano.

Tourists affected

More than a thousand tourists have been affected, particularly those traveling to Bali and Komodo National Park, famed for its Komodo dragons, according to a local tour operator.

Mount Lewotobi Laki Laki’s last erupted in May when authorities also raised the alert level to the most severe.

A previous eruption in March forced airlines to cancel and delay flights into Bali, around 500 miles (800km) away, including Australia’s Jetstar and Qantas Airways.

In November, the volcano erupted multiple times killing nine people, injuring dozens and forcing thousands to flee and flights to be canceled.

Indonesian, home to 270 million people, has 120 active volcanoes and experiences frequent seismic activity.

The archipelago sits along the “Ring of Fire,” a horseshoe-shaped series of seismic fault lines encircling the Pacific Basin.

This post appeared first on cnn.com

Latest News

Princess of Wales pulls out of Royal Ascot

Catherine, Princess of Wales dropped out of a planned engagement at Royal Ascot at short notice on Wednesday.

Kate, 43, had been expected to join her husband Prince William as well as King Charles and Queen Camilla in the traditional carriage procession at the racecourse.

She is understood to be disappointed at missing the event in Berkshire, just outside of London, but is working to find the right balance as she returns to public duties after her cancer treatment.

The royal has been making a phased return to official duties since she announced in September that she had completed her chemotherapy. In January, she revealed her “relief to now be in remission,” adding that she remained focused on her recovery.

Kate has undertaken a number of engagements in recent weeks including attending two major events in the royal calendar, the Trooping the Colour parade in London and the Order of the Garter service in Windsor.

This is a developing story and will be updated.

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Latest News

British lawmakers vote to decriminalize abortion for pregnant women while America cracks down

British lawmakers voted Tuesday to decriminalize abortion for the pregnant woman – in striking contrast to the crackdown on reproductive rights in the United States.

Lawmakers voted by an overwhelming majority to invalidate Victorian-era legislation that makes it possible to prosecute a woman for ending her pregnancy in England and Wales, though medical professionals who help terminate a pregnancy beyond certain limits will still be breaking the law.

Currently, abortion beyond the first 24 weeks of pregnancy is illegal in those two parts of the United Kingdom. Beyond that time limit, it is permitted in certain circumstances, such as when the mother’s life is at risk. While abortions are common in England and Wales, women who terminate their pregnancy outside of existing restrictions face the threat of criminal investigation, arrest, prosecution and even imprisonment.

Tuesday’s vote – which amends a draft policing and crime law – seeks to remove those threats. The amended bill needs to pass through both chambers of the UK parliament before it can become law.

The vast majority of Britons believe women should have the right to an abortion, according to YouGov surveys stretching back to 2019. The latest poll, conducted in April, showed that 88% of respondents supported that right.

US crackdown

Britain’s vote comes as its ally across the Atlantic has dramatically restricted abortion rights. Since the US Supreme Court overturned Roe v. Wade in 2022 – which had enshrined abortion as a constitutional right – many US states have introduced severe restrictions or outright bans on the practice. The changes have completely upended the landscape of reproductive health and choice in America.

Louise McCudden, UK head of external affairs at MSI Reproductive Choices, a charity providing abortions, thinks there is a connection between Tuesday’s vote and a “hostile climate” toward abortion rights in the UK driven by the changes in the US.

“On the rare occasions when you do see women who are suspected of ending a pregnancy over 24 weeks, they are invariably in extremely vulnerable situations,” she also said, noting that the women who had been investigated in the UK included domestic abuse survivors, potential trafficking survivors and women who’d had miscarriages and stillbirths.

However, the UK’s Society for the Protection of Unborn Children strongly condemned Tuesday’s vote.

“If this clause becomes law, a woman who aborts her baby at any point in pregnancy, even moments before birth, would not be committing a criminal offense,” Alithea Williams, the society’s public policy manager, said in a statement Tuesday.

“Now, even the very limited protection afforded by the law is being stripped away,” she added.

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Latest News

The US has toppled an Iranian government before. Here’s what happened

Since Israel began its concerted attack on Iran, calls for regime change have grown louder, with US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu raising the possibility of targeting Tehran’s all-powerful leader, Ayatollah Ali Khamenei.

Many Iranians have firsthand experience with the United States enforcing a regime change in their country.

Here’s what happened:

Oil fields: In 1953, the US helped stage a coup to overthrow Iran’s democratically elected prime minister Mohammad Mossadegh.

He had pledged to nationalize the country’s oil fields – a move the US and Great Britain saw as a serious blow, given their dependence on oil from the Middle East.

Height of the Cold War: The move to nationalize was seen as popular in Iran and a victory for the then-USSR.

Strengthen Shah rule: The coup’s goal was to support Iran’s monarch, Mohammad Reza Pahlavi, to rule as Shah of Iran, and appoint a new prime minister, Gen. Fazlollah Zahedi.

The coup: Before the coup, the CIA, along with the British Secret Intelligence Service (SIS), helped foment anti-Mossadegh fervor using propaganda. In 1953, the CIA and SIS helped pull pro-Shah forces together and organized large protests against Mossadegh, which were soon joined by the army.

US cash: To provide Zahedi, the country’s new prime minister, with some stability, the CIA covertly made $5,000,000 available within two days of him taking power, documents showed.

US acknowledgement: In 2013, declassified CIA documents were released, confirming the agency’s involvement for the first time. But the US role was known: Former President Barack Obama acknowledged involvement in the coup in 2009.

It backfired: After toppling Mossadegh, the US strengthened its support for Pahlavi to rule as Shah. Iranians resented the foreign interference, fueling anti-American sentiment in the country for decades.

Islamic Revolution: The Shah became a close ally of the US. But in the late 1970s, millions of Iranians took to the streets against his regime, which they viewed as corrupt and illegitimate. Secular protesters opposed his authoritarianism, while Islamist protesters opposed his modernization agenda.

The Shah was toppled in the 1979 Islamic revolution, which ended the country’s Western-backed monarchy and ushered in the start of the Islamic Republic and clerical rule.

This post appeared first on cnn.com