Locksley Resources (LKY:AU) has announced Completion of Tranche 2 Placement Issue
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(TheNewswire)
Announces Expanded Drill Plan
Vancouver, British Columbia TheNewswire – September 29th, 2025 Prismo Metals Inc. (the ‘ Company ‘) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to report that it has received final assay results including overlimits for the first batch of twenty-three samples taken at the Silver King project located in Arizona. The new assays include 619 gt Ag and 511 gt Ag for two samples taken at the Silver King shaft area, as well as 757 gt Ag, 1.5% Cu, 6.7% Pb, and 11.5% Zn for the recently encountered polymetallic vein. Preliminary assay data was described in a news release dated September 24, 2025.
‘The overlimit assays for silver highlight the high-grade nature of both the mineralization around the Silver King mine and the recently encountered polymetallic vein. The results confirm the significance of the recently discovered polymetallic vein as a new exploration target at the Silver King project,’ said Dr. Craig Gibson, Chief Exploration Officer. ‘Overlimit copper assays ranging from 1.11% to 2.43% copper for three samples from the replacement mineralization area provides encouraging data for this style of mineralization. The replacement mineralization occurs along strike with the stratigraphic horizon at the nearby Magma mine and occurs as a large body on the Black Diamond claim.’
Figure 1 . Geologic and land map of the Silver King project showing newly described polymetallic vein in magenta (Ag-Pb-Zn), copper vein in green (Cu-Ag) and stratigraphically controlled replacement mineralization in red. The strongly altered intrusion with stockwork quartz-pyrite veining is indicated by the crosshatch.
Table 1. Assay results for samples with overlimits from the Silver King project
|
Sample |
Au g/t |
Ag g/t |
Cu % |
Pb % |
Zn % |
Sb ppm |
Bi ppm |
Ba ppm |
Hg ppm |
|
New polymetallic vein |
|||||||||
|
544510 |
0.03 |
757 |
1.51 |
6.69 |
11.53 |
7788 |
0.3 |
>10000 |
12.84 |
|
Silver King mine |
|||||||||
|
544514 |
1.07 |
619 |
0.59 |
0.44 |
0.63 |
337 |
3 |
>10000 |
1.7 |
|
544517 |
0.04 |
511 |
0.09 |
0.26 |
0.43 |
377 |
0.2 |
>10000 |
15.66 |
|
Cu replacement zone |
|||||||||
|
544502 |
0.47 |
7 |
1.35 |
– |
0.02 |
0.8 |
71.8 |
30 |
|
|
544507 |
2.26 |
25 |
2.43 |
– |
0.23 |
0.4 |
33.5 |
12 |
0.01 |
|
544508 |
0.73 |
12 |
1.11 |
– |
0.28 |
0.4 |
29.1 |
12 |
0.03 |
|
544552 |
|
35 |
0.14 |
2.81 |
2.21 |
114 |
0.5 |
24 |
2.11 |
.
Figure 2 . Map showing Silver King project and nearby mineral deposits. The Silver King deposit is located 3km from the Resolution Copper deposit ( a joint venture between Rio Tinto and BHP ) and the high-grade Magma mine, a former copper and silver producer.
Drill Program Update
Prior to the discovery of the mineralized veins and porphyry related style mineralization announced recently, Prismo had planned a drill program at the historic Silver King mine for about 1,000 meters. That drill plan was designed to test the upper half of the steeply dipping pipelike Silver King mineralized body as well as potential mineralization adjacent to the dense stockwork that was the focus of historic mining.
Following the recent discoveries, Prismo is planning to add second phase of drilling for an additional 1,000 meters. This additional program will focus on the newly identified targets outside of the historic mining area, such as the polymetallic vein and the copper vein mentioned above. Drilling of a large body of replacement mineralization on the patented Black Diamond claim is also being planned and is road accessible on private ground.
Figure 3 . Cross section through the Silver King mine workings showing proposed drill holes (in black) to test the pipelike mineralized body (in red)
Click Image To View Full Size
Figure 4. Planned drill pads for the Silver King project.
‘Much of the focus of the exploration program to date has consisted of a property-wide survey of historic mines and prospects surrounding the direct Silver King workings,’ said Gordon Aldcorn, President of Prismo. ‘ This work has expanded our geological thinking and resulted in the recognition of several new types of mineralization at the project, providing additional targets for exploration. Prismo has already submitted a plan of operations for the drill program with Forest Services. Some of the drilling sites considered for the new targets will be subject to further permitting applications.’
Figure 5. Copper assays for samples taken at the Silver King project.
Figure 6. Silver assays for samples taken at the Silver King project.
Table 4. Locations for samples mentioned in the text.
|
Sample |
Location |
Type/width (m) |
E WGS84 |
N WGS84 |
|
544502 |
Black Diamond |
Grab |
492,633 |
3,687,623 |
|
544507 |
Replacement zone |
Dump |
492,054 |
3,687,431 |
|
544508 |
Replacement zone |
0.7 |
491,986 |
3,687,334 |
|
544510 |
Polymetallic vein |
Dump |
491,863 |
3,687,565 |
|
544514 |
Silver King Mine |
Dump |
491,855 |
3,687,907 |
|
544517 |
Silver King Mine |
Dump |
491,855 |
3,687,907 |
|
544552 |
Replacement zone float |
Selected |
491,928 |
3,688,043 |
Sample data previously released in News Release dated September 24, 2025.
QA/QC
Samples were analyzed by SGS, an internationally recognized analytical lab, with preparation at the Tempe, Arizona facility and analyses at the Burnaby laboratory. Prismo inserts control samples consisting of standard pulps and coarse blanks in the sample stream for QA/QC purposes and also utilizes the labs internal control samples.
Qualified Person
Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-101 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release. The historic data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans. References to mineralization at the Magma Mine and Resolution Copper deposit are not necessarily indicative to the mineralization on the Silver King property.
About the Silver King
Discovered in 1875, the Silver King mine was one of Arizona ‘ s most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t. The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world ‘ s largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . The unique land position is fully surrounded by Resolution Copper ‘ s claim block, offering strategic upside. Selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains.
-
(2) Briggs, D., 2015, Superior, Arizona: An old mining camp with many lives, Ariz. Geol Survey Contributed Report CR-15-D, 13p.
About Prismo Metals Inc.
Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.
Please follow @PrismoMetals on , , , Instagram , and
Prismo Metals Inc.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6
Phone: (416) 361-0737
Contact:
Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com
Gordon Aldcorn, President gordon.aldcorn@prismometals.com
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘ intends’ or ‘ anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘ may’, ‘ could’, ‘ should’, ‘ would’ or ‘ occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Silver King.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Silver King and the timing of such drilling campaign.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Copyright (c) 2025 TheNewswire – All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever.
Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could no longer ‘in good conscience’ remain an employee of the company and said the company had been ‘silenced.’
He said the company’s values and campaigning work on ‘peace, justice, and human rights’ allowed it to be ‘more than just an ice cream company’ and said the independence to pursue this was guaranteed when Anglo-Dutch packaged food giant Unilever bought the brand in 2000 for $326 million.
Cohen’s statement didn’t mention Israel’s ongoing military operation in Gaza, but Ben & Jerry’s has been outspoken on the treatment of Palestinians for years and in 2021 withdrew sales from Israeli settlements in what it called ‘Occupied Palestinian Territory.’
Greenfield’s resignation comes five months after Ben & Jerry’s filed a lawsuit accusing Unilever of firing its chief executive, David Stever, over his support for the brand’s political activism. In November last year Ben & Jerry’s filed another lawsuit accusing Unilever of silencing its public statements in support of Palestinian refugees.
‘It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone,’ Greenfield said.
‘And it’s happening at a time when our country’s current administration is attacking civil rights, voting rights, the rights of immigrants, women, and the LGBTQ community,’ he added.
Richard Goldstein, the then president of Unilever Foods North America, said in a statement after the sale in 2000 that Unilever was ‘in an ideal position to bring the Ben & Jerry’s brand, values and socially responsible message to consumers worldwide.’
But now Greenfield claims Ben & Jerry’s ‘has been silenced, sidelined for fear of upsetting those in power.’ He said he would carry on campaigning on social justice issues outside the company.
The financial performance of the Ben & Jerry’s brand isn’t made public but Unilever’s ice cream division made 8.3 billion Euros ($9.8 billion) in revenue in 2024. Unilever is in the process of spinning off its ice cream division, however, into a separate entity which involves cutting some 7,500 jobs across its brands globally.
Cohen and Greenfield founded the business in 1978 in Burlington, Vermont, where it is still based.
NBC News has contacted Unilever for comment overnight but had not received any at the time of publication.
This post appeared first on NBC NEWS
The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.
How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.
While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.
From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.
New 52-Week Highs Finally Picking Up
If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.
As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.
Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.
The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.
Trend Check: GoNoGo Still “Go”
The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.
Active Bullish Patterns
We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.
Failed Bearish Patterns
In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.
The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.
We’ll continue to monitor these formations as they develop because, at some point, that will change.
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever.
Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could no longer ‘in good conscience’ remain an employee of the company and said the company had been ‘silenced.’
He said the company’s values and campaigning work on ‘peace, justice, and human rights’ allowed it to be ‘more than just an ice cream company’ and said the independence to pursue this was guaranteed when Anglo-Dutch packaged food giant Unilever bought the brand in 2000 for $326 million.
Cohen’s statement didn’t mention Israel’s ongoing military operation in Gaza, but Ben & Jerry’s has been outspoken on the treatment of Palestinians for years and in 2021 withdrew sales from Israeli settlements in what it called ‘Occupied Palestinian Territory.’
Greenfield’s resignation comes five months after Ben & Jerry’s filed a lawsuit accusing Unilever of firing its chief executive, David Stever, over his support for the brand’s political activism. In November last year Ben & Jerry’s filed another lawsuit accusing Unilever of silencing its public statements in support of Palestinian refugees.
‘It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone,’ Greenfield said.
‘And it’s happening at a time when our country’s current administration is attacking civil rights, voting rights, the rights of immigrants, women, and the LGBTQ community,’ he added.
Richard Goldstein, the then president of Unilever Foods North America, said in a statement after the sale in 2000 that Unilever was ‘in an ideal position to bring the Ben & Jerry’s brand, values and socially responsible message to consumers worldwide.’
But now Greenfield claims Ben & Jerry’s ‘has been silenced, sidelined for fear of upsetting those in power.’ He said he would carry on campaigning on social justice issues outside the company.
The financial performance of the Ben & Jerry’s brand isn’t made public but Unilever’s ice cream division made 8.3 billion Euros ($9.8 billion) in revenue in 2024. Unilever is in the process of spinning off its ice cream division, however, into a separate entity which involves cutting some 7,500 jobs across its brands globally.
Cohen and Greenfield founded the business in 1978 in Burlington, Vermont, where it is still based.
NBC News has contacted Unilever for comment overnight but had not received any at the time of publication.
This post appeared first on NBC NEWS
A group of the country’s top economic leaders, including every living former Federal Reserve chair, filed an amicus brief with the Supreme Court on Thursday in support of Fed governor Lisa Cook, who President Donald Trump is seeking to remove.
The group, led former central bank chiefs Alan Greenspan, Ben Bernanke and Janet Yellen, said that “allowing the removal of Governor Lisa D. Cook while the challenge to her removal is pending would threaten that independence and erode public confidence in the Fed.”
The bipartisan group, which also includes former Treasury Secretaries Robert Rubin, Larry Summers, Hank Paulson, Jack Lew and Timothy Geithner, added that “the independence of the Federal Reserve, within the limited authority granted by Congress to achieve the goals Congress itself has set, is a critical feature of our national monetary system.”
As the U.S. central bank, the Federal Reserve is part of the U.S. government and its leaders are put in place by elected officials, but it also retains a considerable amount of independence that is meant to allow it to make decisions purely out of economic concerns rather than political ones.
The former economic officials said that an erosion of Fed independence could result “in substantial long-term harm and inferior economic performance overall.”
The Supreme Court is considering whether Trump has the authority to fire Cook, who has been a target for the White House for weeks as part of a broader pressure campaign to push the Fed to more aggressively cut interest rates.
Cook’s attempted removal stems from allegations of mortgage fraud, made in August by top Trump ally and Federal Housing Finance Authority Director Bill Pulte.
Cook has repeatedly denied the allegations and has not been charged with any crime. Documents reviewed by NBC News in mid-September appeared to contradict Pulte’s allegations.
Two courts have so far blocked Cook’s removal, leading Trump to ask the Supreme Court a week ago to allow him to fire her. In a court filing, Solicitor General D. John Sauer said a judge’s ruling that blocked the firing constituted “improper judicial interference.”
In a filing to the Supreme Court on Thursday, Cook’s lawyers said that ‘she committed neither ‘fraud’ nor ‘gross negligence’ in relation to her mortgages.’
Cook asked the court to deny Trump’s attempt to remove her while the case is argued.
The White House has repeatedly maintained that Trump “lawfully removed Lisa Cook for cause.”
The brief filed Thursday is a who’s who of the country’s top economic minds. Former Fed governor Dan Tarullo is also listed as a signatory to the brief, as well as the economists Ken Rogoff, Phil Gramm and John Cochrane.
Glenn Hubbard, Greg Mankiw, Christina Romer, Cecilia Rouse, Jared Bernstein and Jason Furman, a group who served as top officials on the White House’s council of economic advisers during Republican and Democrat administrations, also signed the brief.
None of the officials who signed the filing have served in either of Trump’s administrations.
Trump is the first president in U.S. history to try to remove a sitting Fed official.
‘There is broad consensus among economists, based on decades of macroeconomic research, that a more independent central bank will lead to lower and more stable inflation without creating higher unemployment — thus helping to achieve the Federal Reserve’s statutory objective of price stability and maximum employment,’ the officials said in the brief.
‘The Federal Reserve walks a careful line in pursuit of its goals.’
They noted that ‘elected officials often favor lowering interest rates to boost employment, particularly leading up to an election.’
‘Although that approach may satisfy voters temporarily, it does not lead to lasting gains for unemployment or growth and can instead lead to persistently higher inflation in the long-term and thus ultimately harm the national economy.’
The former Fed chairs and economic officials, in their filing, highlight a notorious case of political pressure on the Fed:
‘In the early 1970s, President Richard Nixon famously exerted political pressure over then-Chair of the Fed Arthur Burns to lower unemployment by reducing interest rates. During this period ‘the Fed made only limited efforts to maintain policy independence and, for doctrinal as well as political reasons, enabled a decade of high and volatile inflation.’ This contributed to an ‘inflationary boom’ and deep recession that took years to bring back under control.’
This post appeared first on NBC NEWS
The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.
How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.
While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.
From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.
New 52-Week Highs Finally Picking Up
If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.
As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.
Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.
The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.
Trend Check: GoNoGo Still “Go”
The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.
Active Bullish Patterns
We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.
Failed Bearish Patterns
In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.
The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.
We’ll continue to monitor these formations as they develop because, at some point, that will change.
Here’s a quick recap of the crypto landscape for Friday (September 26) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$109,743, trading 1.2 percent lower over the past 24 hours. Its lowest valuation of the day was US$108,776, while its highest was US$111,694.
Bitcoin price performance, September 26, 2025.
Chart via TradingView.
Bitcoin is hovering just under the US$110,000 mark, and traders on prediction platforms now see a 61 percent chance it will dip below US$100,000 before 2026, up sharply from last week’s 41 percent.
Position trader Bob Loukas noted that the asset is nearing its weekly cycle low five weeks after peaking, with bears retaining short-term control after Bitcoin failed to break all-time highs in mid-August. CoinDesk’s James Van Straten compared today’s setup to September 2024, when Bitcoin corrected 11 percent before rebounding into October.
Bitcoin dominance in the crypto market is 56.83 percent, a 1.37 percent slight rise over the week.
For its part, Ether (ETH) was priced at US$4,019.71, trading 1.1 percent lower over the past 24 hours and near its lowest valuation of the day, which was US$3,833.75. Its price peaked at US$4,019.71.
Ether is struggling with critical support levels after slipping under US$4,000, down nearly 20 percent in the last two weeks. Analysts warn that failure to reclaim momentum could send Ether tumbling toward US$2,750, with Ali Martinez highlighting US$4,841 as the key level needed to break the downtrend.
Pressure on Ether intensified after co-founder Jeffrey Wilcke transferred 1,500 ETH worth US$6 million to Kraken on Thursday (September 25), following previous multimillion-dollar deposits to the exchange.
Altcoin price update
- Solana (SOL) was priced at US$196.27, a decrease of 2.7 percent over the last 24 hours. Its lowest valuation of the day was US$191.28, while its highest value was US$203.50.
- XRP was trading for US$2.74, down by 3.6 percent over the last 24 hourse. Its highest valuation of the day was US$2.86, while its lowest was US$2.70.
ETF data and derivatives trends
Spot Bitcoin exchange-traded funds (ETFs) continued to see institutional demand this week.
Inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT), which saw net purchases of US$128.9 million and taking its total assets under management to about US$87.2 billion.
Other US spot BTC ETFs also saw significant inflows. The Fidelity Advantage Bitcoin ETF (TSX:FBTC) added US$29.7 million, and the ARK 21Shares Bitcoin ETF (BATS:ARKB) added US$37.7 million on the same day.
In total, US Bitcoin ETFs now hold roughly US$150 billion in Bitcoin, equivalent to about 1.33 million to 1.35 million coins and roughly 6 to 7 percent of Bitcoin’s total market cap.
Altcoin ETF momentum is also building. In mid-September, the first spot altcoin ETFs hit US markets, including the REX Osprey XRP ETF (CBOE:XRPR) and the REX Osprey DOGE ETF (CBOE:DOJE).
Several firms are now racing to list others, including Solana and Stellar.
On the derivatives side, leverage remains near record levels. CryptoQuant data shows Bitcoin futures open interest above US$220 billion in September — a historic high — suggesting heavy speculative positioning. Analysts warn that clustered stops around the current price could trigger massive liquidations if breached.
Ether also saw significant liquidations in this pullback, reflecting similar crowd behavior in derivatives. Perpetual funding rates for both Bitcoin and Ether remain near zero, indicating a balanced market bias between bulls and bears.
Next week’s crypto news to watch
Several major events are on the horizon.
Korea Blockchain Week continues in Seoul through September 28, with major exchange executives and policymakers expected to announce partnerships and regulatory updates. In Europe, the Token2049 conference in London kicks off on October 2, drawing institutional investors who may reveal ETF and custody initiatives.
Finally, regulatory headlines remain a wild card. The US Securities and Exchange Commission is expected to issue updates on pending applications for altcoin ETFs.
Today’s crypto news to know
Crypto’s institutional support falters as treasury buying slumps
Corporate crypto treasuries, once seen as a stabilizing force for Bitcoin, are sharply cutting back their purchases.
Data from CryptoQuant shows acquisitions plunged from 64,000 BTC in July to just 12,600 BTC in August, with September barely reaching 15,500 BTC, a 76 percent decline from early summer highs.
The pullback has weighed on Bitcoin, which slid nearly 6 percent in the past week amid broader liquidations across digital assets. Some treasury firms, which had previously traded at premiums to the value of their Bitcoin reserves, are now priced nearly in line with their holdings, which reflect weaker investor confidence.
Regulators are also probing irregular trading patterns in these stocks, raising questions about transparency in PIPE deals and the disclosure of acquisition prices.
BlackRock pitches covered-call Bitcoin ETF for yield hunters
BlackRock has filed plans for a new Bitcoin Premium Income ETF, a product designed to generate steady payouts through covered-call strategies on Bitcoin. The move follows the runaway success of the firm’s iShares Bitcoin Trust, which launched in early 2024 and has already amassed more than US$87 billion in assets.
Unlike the iShares Bitcoin Trust, which offers straightforward exposure, the new fund aims to appeal to investors seeking Bitcoin-linked returns without the full brunt of price swings. Analysts say the filing underscores BlackRock’s strategy to focus on Bitcoin and Ethereum while leaving smaller tokens to other issuers.
The iShares Bitcoin Trust alone commands roughly 60 percent of the US Bitcoin ETF market and has produced over US$218 million in annual revenue, surpassing even some of BlackRock’s flagship equity funds.
Curve founder targets introduces new Bitcoin yield platform
Curve Finance founder Michael Egorov has introduced Yield Basis, a decentralized protocol aimed at giving Bitcoin holders meaningful on-chain returns without exposure to impermanent loss.
Traditional lending markets offer minimal yields on Bitcoin, while automated market maker (AMM) pools have historically left users vulnerable to losing value when asset prices diverge. Yield Basis reworks the AMM model to remove this risk, debuting with three capped pools of US$1 million each to control early adoption. The project raised US$5 million earlier this year and is the first to launch on the joint Legion and Kraken community platform.
Egorov says the framework could eventually expand beyond Bitcoin to assets like Ethereum, commodities or even tokenized equities, potentially broadening DeFi’s appeal to more risk-averse investors.
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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Precious metals are wrapping up a record-setting week once again.
Silver was in the spotlight, pushing past US$46 per ounce, a price not seen since 2011. At that level, it’s up about 55 percent year-to-date, a better performance than gold.
Still, gold’s price activity is nothing to sneeze at. The yellow metal had another record-setting week, this time getting close to US$3,800 per ounce. It continues to see support from a variety of underlying factors, but turning heads this week was the news that China is looking to boost its position in the global gold market by becoming a custodian of foreign sovereign gold reserves.
People familiar with the matter said that in recent months the Asian nation has been approaching central banks in ‘friendly’ countries with the aim of encouraging them to buy gold and store it in China. Experts see the move as yet another part of the de-dollarization trend.
If China is successful, foreign gold reserves would be held in custodian warehouses linked to the international board of the Shanghai Gold Exchange. The board was set up by the People’s Bank of China in 2014, and is where foreign entities trade gold with Chinese counterparts.
Also relevant for gold this week were comments from US Federal Reserve Chair Jerome Powell. During a Providence, Rhode Island, speech on Tuesday (September 23), he indicated that the central bank will take a cautious approach to interest rates after last week’s 25 basis point cut.
The Fed has faced ongoing calls from US President Donald Trump to make bigger cuts more quickly, and while Powell continues to resist pressure, CME Group’s (NASDAQ:CME) Fedwatch tool still shows that a reduction is highly likely at the Fed’s October meeting.
With gold trading at or near all-time highs, a key question for investors is whether the price has more room to run. I’ve been speaking with a variety experts about that topic, and I encourage you to go check out the interviews on our YouTube channel to hear their full thoughts.
For now I’ll sum up the view points I’ve been hearing most often.
First and foremost, the message I’ve been getting is that gold’s run is not over — US$4,000, which once sounded like a fairly distant number, is now only US$200 to US$300 away, and many market watchers see it getting there by the end of the year, if not sooner.
Prices beyond US$4,000 are also being talked about as attainable.
There is of course a caveat, and that is that nothing can go straight up, including gold. Especially now after its rapid upward momentum, the broad consensus is that a correction is all but guaranteed, and perhaps soon. Here’s how Steve Barton of In It To Win It explained it:
‘I would be pretty shocked if we got up to US$4,000 and didn’t have some type of corrective move. I suppose anything’s possible — we blew through US$3,750, I didn’t expect that. So maybe it’ll go on up. But we’re getting pretty stretched here.’
Bullet briefing — Freeport drops, Lithium Americas spikes
Copper up on Freeport force majeure
Copper prices were on the rise this week after major miner Freeport-McMoRan (NYSE:FCX) declared force majeure at its Indonesia-based Grasberg copper-gold mine.
Grasberg has been offline since September 8, when around 800,000 metric tons of mud flowed into underground levels at the operation. Seven employees went missing during the incident, with two now confirmed to have died; search efforts continue for the other five.
Freeport has cut its copper and gold sales guidance for the third quarter of the year, and expects to defer ‘significant’ production in Q4 as well as 2026. Preliminary assessments suggest that Grasberg may not return to pre-incident operating rates until 2027.
The company’s share price took a dive on the back of the news.
Putting the impact into context, Bloomberg notes that prior to the disruption, Grasberg accounted for about 3.2 percent of copper mine supply this year, as well as 30 percent of Freeport’s copper output and 70 percent of its gold production.
Lithium Americas shares spike
On the opposite end of the spectrum, Nevada-focused Lithium Americas (TSX:LAC,NYSE:LAC) saw its share price spike over 100 percent this week after Reuters reported that the Trump administration may be gearing up to take a 10 percent equity stake in the company.
Lithium Americas finalized a US$2.26 billion loan from the US Department of Energy last year, but the government has been looking to renegotiate terms due to concerns about low lithium prices.
Lithium Americas reportedly proposed a change in the loan’s amortization schedule, with the request for an equity stake in the company coming during those discussions.
Reuters states that to secure its funding, Lithium Americas offered the government no-cost warrants that would equate to 5 to 10 percent of its common shares.
The loan is tied to the company’s Thacker Pass lithium project, which is set to open in 2028.
‘President Trump supports this project. He wants it to succeed and also be fair to taxpayers. But there’s no such thing as free money,’ an anonymous White House official told the news outlet.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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(TheNewswire)
GRANDE PRAIRIE, ALBERTA (September 26, 2025) TheNewswire – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) The Board of Directors, in recognition of exceptional performance and dedication, announces that they has chosen to grant a total of 4,775,000 stock options to acquire the same number of common shares of the Company to Directors, Officers and consultants at a price of $0.255 per share, Certain options issued to Consultants are subject to vesting requirements. The options were granted pursuant to the Company’s Stock Option Plan as approved by the Shareholders at the meeting in 2025 and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange. 2,600,000 of the options issued to Directors and officers expire 3 years from the date of the grant, with the remaining 2,175,000 options having a term of either 2 or 1 years subject to the optionees continuing to act as consultants of the Company.
Options are issued in accordance with the policies of the Company and are subject to approval of the TSX-V Exchange.
The Company also announces it has contracted King Tide Media LLC to assist in an awareness campaign. The agreement is for a one-month period for US $35,000, commencing on September 22, 2025. King Tide, services includes digital marketing and content creation. The Company and King Tide maintain an arm’s-length relationship, and no securities will be issued as compensation for marketing services.
ABOUT Angkor Resources CORPORATION:
Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, is actively exploring Cambodia’s onshore Block VIII of 4200 square kilometers in the southwest quadrant of Cambodia. Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.
CONTACT: Delayne Weeks – CEO
Email: info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722
Please follow @AngkorResources on , , , Instagram and .
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.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Copyright (c) 2025 TheNewswire – All rights reserved.
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