admin

There are many factors to consider when investing in silver-focused stocks, including the silver price outlook, the company’s management team and whether its assets are in one of the top silver-producing countries.

Location can be key, and knowing the top silver-producing countries can help investors made sound decisions. For example, high silver production in a particular nation might indicate mining-friendly laws or high-grade deposits.

So which country produces the most silver? In 2024, Mexico was once again the world’s leading silver-producing country, followed by China and Peru.

Increasing silver demand in recent years hasn’t been met by increases in mine production; global silver production totaled 25,000 metric tons in 2024, pulling back slightly during the period. As the majority of the world’s silver production comes as a byproduct from the mining of gold, copper, lead and zinc, silver production has largely been tied to fortunes in those other markets rather than its own fundamentals.

With prices of the metal rising to their highest level in more than a decade, the top silver countries could benefit.

Below is an overview of the countries that are already driving the mining output in 2024. Statistics are based on the latest report from the US Geological Survey, along with supporting data from Mining Data Online (MDO) and the UN Comtrade database.

The USGS reports silver production in metric tons while most companies report in ounces. As a point of reference, 1 metric ton of silver is equivalent to 35,274 ounces of the metal.

1. Mexico

Silver production: 6,300 metric tons

Mexico is the world’s largest silver producer with production of 6,300 metric tons of the precious metal in 2024, nearly double second-place China.

Silver has been an important commodity for the country for hundreds of years, with evidence of trade dating back to the 1500s. In 2024, the mining sector in Mexico contributed $312.46 billion pesos to the Mexican economy, and silver alone made up $68.24 billion pesos of that total.

The states of Zacatecas, Durango and Chihuahua account for 80 percent of the country’s total output of the metal. The country’s largest silver mine is Newmont’s (TSX:NGT,NYSE:NEM) Penasquito mine in Zacatecas. In 2024, the mine produced 33 million ounces (935.5 metric tons) of silver and is expected to deliver more than 28 million ounces in 2025.

Mexico is also home to Fresnillo (LSE:FRES), the world’s largest silver producer. In 2024, the company produced 56.3 million ounces (1,496 metric tons) of silver between its mines, which are all located in the country.

2. China

Silver production: 3,300 metric tons

China produced 3,300 metric tons of silver in 2024, a decline from the 3,400 metric tons it produced in 2023. According to Shanghai Metal Market (SMM), the drop off is part of a longer trend that is owed to lower silver grades as older mines begin to deplete reserves of the metal.

Most silver is produced as a byproduct metal from the mining of lead, copper, zinc and gold. Of the few silver primary operations in the country, Silvercorp Metals’ (TSX:SVM,NYSEAMERICAN:SVM) Ying mining district is the largest, hosting seven underground mines and two processing plants.

In its fiscal year ended March 31, 2025, the Ying mining district produced 6.95 million ounces (197 metric tons) of silver, up 17 percent year-over-year. The increase was supported in part by an extension to the number two mill in November 2024.

3. Peru

Silver production: 3,100 metric tons

Peru produced 3,100 metric tons of silver in 2024, making it the world’s third largest silver country. Its 2024 production was down from 3,200 metric tons in 2023, in part due to declining grades and social unrest.

Overall, the mining industry plays a significant role in the Peruvian economy, accounting for 9.5 percent of its GDP. In 2024, total mineral exports from the country were tallied at US$49 billion, with copper making up more than half of the value of trade and silver accounting for approximately US$1.3 billion.

Silver production in Peru is primarily a byproduct of copper mining. The largest operation in the country is the Antamina mine, a joint venture between BHP (ASX:BHP,NYSE:BHP,LSE:BHP), Glencore (LSE:GLEN,OTC Pink:GLCNF), Teck (TSX:TECK.B,TSX:TECK.A,NYSE:TECK) and Mitsubishi (TSE:8058). In 2024, the mine produced 11.36 million ounces of silver.

4. Bolivia

Silver production: 1,300 metric tons

Bolivia’s silver production totaled 1,300 metric tons in 2024, a slight decline from 2023’s 1,350 metric tons, tying it with Poland for the fourth highest silver producing country. The resource industry makes up a substantial portion of Bolivia’s exports. Silver exports alone generated US$1.2 billion for Bolivia’s economy in 2024.

Bolivia’s largest mine is the San Cristóbal silver-lead-zinc mine in Potosí, which produced 16.8 million ounces of silver in 2024, up 33 percent year-over-year. Private company San Cristobal Mining acquired the mine from Sumitomo (TSE:8053) in early 2023.

Another significant silver operation in Bolivia is Andean Precious Metals’ (TSXV:APM,OTCQX:ANPMF) San Bartolomé silver-gold operation. San Bartolomé’s production has steadily decreased from 5.47 million ounces in 2020 to 4.32 million ounces in 2024, during which time it transitioned from mining to processing material from its fines disposal facility and third parties.

4. Poland

Silver production: 1,300 metric tons

Silver production in Poland was 1,300 metric tons in 2024, just below the 1,320 metric tons it registered the previous year. While its output comes in significantly below the top three silver countries, Poland holds the world’s third highest silver reserves at 61,100 metric tons.

In total, the mining sector accounts for 7 percent of Poland’s GDP. In 2024, silver exports rose to 1,328.27 metric tons from 1,256.25 metric tons in 2023 and represented a value of US$1.2 billion.

KGHM Polska Miedz (FWB:KGHA) is Poland’s top silver company and one of the world’s top silver producers, producing the metal as a by-product at its Polish copper mines, including the Polkowice-Sieroszowice mine. According to the World Silver Survey, KGHM produced 1,341 metric tons of silver in 2024 between its Polish and international operations.

6. Chile

Silver production: 1,200 metric tons

Chile produced 1,200 metric tons of silver in 2024, down from the 1,260 metric tons in 2023.

Mining is a significant contributor to the Chilean economy. In 2024, the sector accounted for 14 percent of the nation’s GDP and was a driving force behind the country’s overall 5.6 percent growth rate.

With 85 percent of Chilean silver output coming as a byproduct of copper mining, declines in recent years have been owed to production issues and low prices in the copper sector. According to Reuters, copper output from state-run mining company Codelco fell to a 25 year low in 2023 and struggled to recover.

At Chuquicamata, one of the company’s largest operations, silver production gradually declined from its peak of 10.91 million ounces in 2019 to 8.14 million ounces in 2023, before plunging to 5.7 million ounces in 2024.

6. Russia

Silver production: 1,200 metric tons

Russia produced 1,200 metric tons of silver in 2024, a slight decrease from the 1,240 metric tons it produced the previous year.

Mangazeya Plus is the country’s largest silver producer from its portfolio of mines in the country, including its largest silver operation, the Dukat mine, which produced an estimated 7.7 million ounces of silver in 2023.

Prior to 2024, the owner of these assets was Kazakhstan-based Polymetal International, now named Solidcore Resources. However, due to operational challenges associated with sanctions against Russian metals exports, the company sold all of its Russian mining assets to Mangazeya Plus.

8. United States

Silver production: 1,100 metric tons

The United States produced 1,100 metric tons of silver in 2024, an increase from the 1,020 metric tons mined the previous year. Silver is mined in 12 states, with Alaska and Idaho topping the list of regional producers.

Production of silver came from four silver-primary mines, with additional amounts produced as a byproduct of gold and base metals at 31 other operations.

The largest silver operation in the United States is Hecla Mining’s (NYSE:HL) Greens Creek silver mine in Southern Alaska. In 2024, the mine produced 8.48 million ounces (240 metric tons) of silver, as well as several other metals as by-products of its silver operations.

In terms of economic contribution, silver contributed US$960 million to the US economy in 2024, with the majority of the metal destined for domestic markets, with just 140 metric tons being exported.

9. Australia

Silver production: 1,000 metric tons

Australia produced 1,000 metric tons in 2024, just 30 metric tons fewer than registered in 2023.

According to the Reserve Bank of Australia, mining holds the largest share of the nation’s GDP with 12.2 percent, and resources make up 59.2 percent of the country’s total exports. However, like the United States, the majority of silver is used domestically for manufacturing and investment.

Australian silver production also comes as a byproduct of mining other metals like gold, copper and other base metals. South32’s (ASX:S32,OTC Pink:SHTLF) Cannington lead-silver-zinc mine is by far the largest silver operation in Australia, producing 12.67 million ounces of silver in 2024.

9. Kazakhstan

Silver production: 1,000 metric tons

Kazakhstan produced 1,000 metric tons of silver in 2024, up from 985 metric tons in 2023. Output in the country has risen significantly since 2020, when it produced just 435 metric tons of the precious metal.

The largest silver mining operation in the country is the Kazzinc Complex, a 70/30 joint venture between Glencore and the state-run Tau-Ken Samruk. In 2024, the mine produced 3.34 million ounces of silver, a sizable increase from the 2.73 million ounces produced in 2023.

Overall, the mining sector’s contribution to the Kazakh economy has exploded in recent years. According to the USGS Kazakhstan 2022 Mineral Yearbook released in March 2025, mineral exports were pegged at US$84.6 billion in 2022, a 40.2 percent increase compared to 2021 and 68 percent of the country’s total exports.

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

This post appeared first on investingnews.com

Investing

Homerun Resources: Establishing a Vertically Integrated Leader in High-purity Silica

Homerun Resources (TSXV:HMR,OTC:HMRFF,FSE:5ZE) is advancing a three-phase strategy to establish itself as a leading global supplier and processor of high-purity silica, transforming this critical material into high-value products for the renewable energy and advanced materials sectors.

Phase 1: Secured the Belmonte Silica District and established a logistics pathway.
Phase 2: Advancing construction of processing facilities and solar glass production capacity.
Phase 3: Expanding into downstream verticals, including energy storage, perovskite solar technology, and AI-driven energy solutions.

Homerun is positioning itself across multiple high-growth industries where demand is accelerating, supply remains constrained, and pricing is strong. Brazil currently imports all of its solar glass and advanced silica components, creating a significant domestic supply gap.

Global solar glass demand is projected to grow from US$13 billion in 2024 to nearly US$197 billion by 2034 (31 percent CAGR), while high-purity quartz (HPQ) is critical to achieving the efficiency and purity standards required for advanced applications.

Supported by industrial tariffs and tax incentives in Brazil, Homerun’s **full-stack model — from silica sand through to finished solutions into downstream verticals such as energy storage, perovskite solar technology, and AI-driven energy solutions.

Company Highlights

Vertically Integrated Growth Model: Multiple profit centers across HPQ silica, advanced materials, solar glass and perovskite PV on glass, energy storage and AI-driven energy management solutions.
Flagship Resource Advantage: Exclusive 40-year leases with the government of the State of Bahia over the Santa Maria Eterna silica sand deposit in Brazil with over 63.9 Mt combined measured and inferred at >99.6 percent silicon dioxide (SiO₂) and low iron impurities, enabling direct feed into solar glass.
Latin America’s First Solar Glass Facility: Planned 365,000 tpa plant adjacent to the resource, supported by LOIs with Brazil’s largest solar module manufacturers and a large competitive COGS and subsequent pricing advantage over Chinese imports.
HPQ Processing Plant Near-Term: 120,000 tpa initial capacity for ultra-pure (>99.99 percent SiO₂) silica, with rapid scalability and low relative capex and projected ROI.
Breakthrough Energy Storage Partnership: Collaborating with the US Department of Energy’s NREL on a thermal energy storage system using Homerun’s silica with ancillary revenue from purified product output.
Government-backed Execution: MOU with Bahia State Government and Municipality of Belmonte includes a 64.5-hectare land grant, tax incentives, expedited permitting, infrastructure upgrades and workforce training.
Strong Financing Pipeline: Advancing funding discussions with Brazil’s development bank, innovation agency, institutional investors and announced plan for a UK main board listing.

This Homerun Resources profile is part of a paid investor education campaign.*

Click here to connect with Homerun Resources (TSXV:HMR) to receive an Investor Presentation

This post appeared first on investingnews.com

Investing

Homerun Resources

Investor Insight

With a clear, execution-driven strategy, Homerun Resources is positioning itself as a vertically integrated leader in advanced materials for the global energy transition, leveraging one of the world’s highest-quality high-purity quartz (HPQ) silica districts in Bahia, Brazil, to supply premium raw materials for processed industrial silica, solar glass, advanced materials like silicon carbide, and thermal particle energy storage.

Overview

Homerun Resources (TSXV:HMR,OTC:HMRFF,FSE: 5ZE) is executing a three-phase strategic plan to become a leading global supplier and processor of high-purity silica, transforming it into high-value products for the renewable energy and advanced materials markets. Phase 1 secured the Belmonte Silica District and logistics pathway; Phase 2 is advancing construction of processing and solar glass facilities; Phase 3 will integrate downstream verticals which include energy storage, perovskite PV and AI-driven energy solutions.

Homerun Resources featuring laser 3D printing sand and solar panels in a sunny desert landscape.

The company’s competitive advantage begins with its raw material, which includes some of the world’s purest quartz silica sand, with minimal iron and other impurities, paired with its location, infrastructure access and a government partnership that expedites typical permitting timelines.

Homerun is targeting multiple industries where demand is surging, supply is constrained and pricing remains strong. Brazil currently imports all solar glass and advanced silica components. Global solar glass demand is forecasted to surge from US$13 billion in 2024 to ~US$197 billion by 2034 (31 percent CAGR), while HPQ is essential to meet efficiency and purity standards. Coupled with industrial tariffs and tax incentives in Brazil, Homerun’s full‑stack model, from silica sand to solutions, sets it up to disrupt Chinese‑dominated supply chains and fund its continued growth in downstream verticals from projected strong internal margins.

Company Highlights

Vertically Integrated Growth Model: Multiple profit centers across HPQ silica, advanced materials, solar glass and perovskite PV on glass, energy storage and AI-driven energy management solutions.
Flagship Resource Advantage: Exclusive 40-year leases with the government of the State of Bahia over the Santa Maria Eterna silica sand deposit in Brazil with over 63.9 Mt combined measured and inferred at >99.6 percent silicon dioxide (SiO₂) and low iron impurities, enabling direct feed into solar glass.
Latin America’s First Solar Glass Facility: Planned 365,000 tpa plant adjacent to the resource, supported by LOIs with Brazil’s largest solar module manufacturers and a large competitive COGS and subsequent pricing advantage over Chinese imports.
HPQ Processing Plant Near-Term: 120,000 tpa initial capacity for ultra-pure (>99.99 percent SiO₂) silica, with rapid scalability and low relative capex and projected ROI.
Breakthrough Energy Storage Partnership: Collaborating with the US Department of Energy’s NREL on a thermal energy storage system using Homerun’s silica with ancillary revenue from purified product output.
Government-backed Execution: MOU with Bahia State Government and Municipality of Belmonte includes a 64.5-hectare land grant, tax incentives, expedited permitting, infrastructure upgrades and workforce training.
Strong Financing Pipeline: Advancing funding discussions with Brazil’s development bank, innovation agency, institutional investors and announced plan for a UK main board listing.

Key Projects

Santa Maria Eterna Silica Sand Lease

Satellite view of Homerunu2019s industrial facilities

Site of Homerun’s industrial facilities in Belmonte, Brazil

Homerun’s cornerstone asset in Belmonte, Brazil is a 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM) over the Santa Maria Eterna (SME) deposit. The NI 43-101 MRE defines 25.56 Mt measured and 38.35 Mt inferred at >99.6 percent silicon dioxide (SiO₂). This sand’s unique low-iron chemistry enables direct use in solar glass furnaces without expensive, high-energy impurity removal, capable of delivering a significant cost advantage.

The project has extraction rights already in place on its silica sand and working toward environmental permits for advanced processing, and a low minimum royalty (R$26/ton). The deposits at SME are located beside a major roadway, within trucking distance of the Port of Ilhéus, with future local port expansion potential through Veracel Celulose in the State of Belmonte.

HPQ Silica Processing Facility

The first commercial development priority, the HPQ silica plant will process 120,000 tpa of ultra-pure silica (>99.99 percent SiO₂), with expansion capability. Capex is estimated at approximately US$30 million, subject to final engineering by Dorfner Anzaplan, which is underway. Test work at UC Davis, NREL Labs and Anzaplan has already achieved +99.99 percent SiO₂ purity. At UC Davis, these high purities were achieved using new femtosecond laser purification technology without chemical reagents, paving the way for zero-waste, zero-emission production. The processing facility will serve global energy and high-tech markets including solar, silicon carbide, and advanced ceramics and glass.

Solar Glass Manufacturing Facility

Planned as Latin America’s first dedicated high-efficiency solar glass plant, this facility will produce up to 365,000 tpa. Brazil’s solar market is the largest outside China, with over 113 GW of capacity in pre-construction. Recent government tariffs (25 percent on imported solar components) and tax incentives for domestic supply create a strong market backdrop. Homerun has signed LOIs totaling 120,000 tpa at US$750/t with major module producers Sengi Solar and Balfar Solar, plus an LOI with a German development group for the full 365,000 tpa. German engineering firms Horn Glass and SORG have provided approximate +/- €150 million budgetary CAPEX estimates.

Enduring Energy Storage System – Partnership with US DOE’s NREL

Through a cooperative research and development agreement with the US Department of Energy’s National Renewable Energy Laboratory and Babcock & Wilcox, this first-of-its-kind thermal energy storage (TES) system uses Homerun’s silica to store renewable heat for long-duration power release. The design enables an ancillary revenue stream by purifying the silica during use, producing high-purity products for sale. TES offers a 30-year lifespan, lower CAPEX/OPEX than batteries, and scalability from MWh to GWh applications. The first pilot is under construction in Colorado.

Solar Glass and AI Energy Management Solutions

Through the creation of Homerun Energy (acquisition of Halocell (Europe) and planned capitalization of SeisSolar (Spain), Homerun has secured 15 years of perovskite R&D expertise and access to over 2,800 active alternative energy hardware customers. Perovskite solar cells promise higher efficiency and lighter, flexible panels, with full integration into Homerun’s planned solar glass development. The company is also commercializing its AI-driven energy management platform to optimize generation, storage and consumption, adding high-margin SaaS revenue streams to alternative hardware solutions.

Additional Silica and Quartz Assets in Brazil

Beyond Santa Maria Eterna, Homerun holds:

Belmonte Concessions (Brazil): 7,930 ha, drilled to an average 99.23 percent SiO₂, targeting more than 200 Mt resource.
Canide Quartz (Brazil): 29,241 ha, 47 samples grading >99 percent SiO₂; targeting 500 Mt.

Management Team

Brian Leeners – CEO and Director

Brian Leeners has more than 30 years’ experience in venture company management. He is the founder of Nexvu Capital, directly responsible for raising over US$125 million in the materials and tech sectors. Leeners is the architect of Homerun’s vertically integrated strategy.

Antonio Vitor – Country Manager, Brazil

Antonio Vitor is a mining executive with 10+ years in project development and extensive government, banking and industry connections in Brazil. He has held roles at Transpetro, PwC and Shell.

Armando Farhate – COO

With 37 years of industry experience, including 13 in mining across Brazil, Canada, Namibia and Botswana, Armando Farhate’s expertise is in operations, engineering and mineral resource development.

Nancy Zhao – CFO

Nancy Zhao is a CPA with 9+ years in public company finance. She is the former CFO of First Hydrogen and Neo Battery Materials. She has a background in chemical engineering and procurement for Sinopec.

Dr. Mauro Cesar Terence – CTO

Dr. Mauro Cesar Terence has a PhD in nuclear technology, with 25 years in academic R&D, specializing in polymers, nanomaterials and graphene. He is a former coordinator at MackGraphe Research Center.

Tyler Muir – Investor Relations

Tyler Muir is the founder of TMM Capital Advisory, experienced in capital markets strategy, corporate communications and investor engagement.

This post appeared first on investingnews.com

Investing

LaFleur Minerals Files Amended and Restated Offering Document

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) announces that, further to its news release dated July 30, 2025, the Company has revised the offering amounts for its previously announced financings.

LIFE Offering

The Company will now be conducting a non-brokered private placement offering of a minimum of 3,125,000 units of the Company (the ‘Units‘) at a price of $0.48 per Unit for minimum gross proceeds of approximately $1,500,000 (the ‘Minimum LIFE Offering‘) and a maximum of 6,000,000 Units for maximum gross proceeds of approximately $2,880,000 (the ‘Maximum LIFE Offering‘ and together with the Minimum LIFE Offering, the ‘LIFE Offering‘). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share‘) and one (1) Common Share purchase warrant (a ‘Warrant‘) granting the holder the right to purchase one (1) additional Common Share (a ‘Warrant Share‘) at a price of $0.75 at any time on or before 24 months from the Closing Date (defined below). The Warrants will be subject to an accelerated expiry upon thirty (30) business days’ notice from the Company in the event the closing price of the Common Shares on the Canadian Securities Exchange (the ‘CSE‘) is equal to or above a price of $0.90 for fourteen (14) consecutive trading days any time after closing of the Offering.

The gross proceeds from the LIFE Offering will be used for the advancement of exploration initiatives at the Company’s Swanson Gold Project and for operational purposes at the Beacon Gold Mill, in addition to working capital and general corporate expenses.

The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.

The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an amended and restated offering document (the ‘Offering Document‘) related to the LIFE Offering that can be accessed under the Issuer’s profile at www.sedarplus.ca and at the Company’s website at www.lafleurminerals.com. Prospective investors should read this Offering Document before making an investment decision.

Charity Flow-Through (FT) Offering

The Company will now be conducting a concurrent non-brokered private placement of a minimum of 1,449,276 charity flow-through units of the Issuer (‘Charity FT Units‘) at a price of $0.69 per Charity FT Unit for minimum gross proceeds of approximately $1,000,000 (the ‘Minimum Concurrent Private Placement‘) and a maximum of 3,750,000 Charity FT Units at a price of $0.69 per Charity FT Unit for maximum gross proceeds of approximately $2,587,500 (the ‘Maximum Concurrent Private Placement‘, and together with the Minimum Concurrent Private Placement, the ‘Concurrent Private Placement‘) (the Concurrent Private Placement together with the LIFE Offering is referred to herein as the ‘Offering‘). Each Charity FT Unit will consist of one Common Share to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec), and one Warrant which shall have the same terms as the Warrants comprising the Units issued in the LIFE Offering.

The gross proceeds from the issuance and sale of the Charity FT Units will be used on the Company’s Swanson Gold Project to incur ‘Canadian Exploration Expenses’ as such term is defined under subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as ‘flow-through mining expenditures’ as defined in subsection 127(9) of the Income Tax Act (Canada) (or would so qualify if the references to ‘before 2026’ in paragraph (a) of the definition of ‘flow-through mining expenditure’ in subsection 127(9) of the Tax Act were read as ‘before 2027’ and the references in paragraphs (c) and (d) of that definition to ‘before April 2025’ were read as ‘before April 2026’). The qualifying expenditures will be incurred on or before December 31, 2026, and will be renounced to the subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the Common Shares comprising the Charity FT Units.

All securities issued in connection with the Charity FT Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

The closing of the Offering is expected to occur on or about August 29, 2025 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine.

The Company has also agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units and Charity FT Units sold under the Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to $0.75 for a period of 24 months following the Closing Date.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km²) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements.’ All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the closing of the Offering and the anticipated use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263109

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Investing

Shallow, high-grade drilling results continue at Sandstone

Brightstar Resources (BTR:AU) has announced Shallow, high-grade drilling results continue at Sandstone

Download the PDF here.

This post appeared first on investingnews.com

Investing

Matt Geiger: Hard Assets at Turning Point, How I’m Investing Now

Matt Geiger, managing partner at MJG Capital Fund, shares his thoughts on the resource sector, honing in on the health of the junior miners.

In his view, after a decade of hit-or-miss performances, the best is yet to come.

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

This post appeared first on investingnews.com

Politics

Justice Barrett teases new memoir in abrupt conference exit

Supreme Court Justice Amy Coney Barrett knows how to command an audience.

This was crystallized Monday night at the Swissotel in Chicago, where she spoke for just three minutes to several hundred judges and legal professionals gathered for the Seventh Circuit Judicial Conference.

Her remarks, though short, were optimistic and warm. She urged the courts to keep their sense of ‘camaraderie and professionalism’ despite inevitable, sharp disagreements. This, she said, is ‘what enables the judicial system to work well.’

Barrett smiled fondly as she remembered her time on the 7th Circuit, where she served for several years prior to her nomination to the Supreme Court. She introduced the next speaker, who took the stage to another standing ovation.

And just as quickly as she entered the packed ballroom, she was gone.

As the youngest justice on the bench, Barrett’s ideology over her nearly five-term tenure on the Supreme Court has been the subject of furious speculation, and at times, just plain fury.

Conservatives have panned her record as more moderate than that of the late Justice Antonin Scalia, for whom she once clerked. Liberals have been incensed by her reluctance to side more consistently with the court’s left-leaning justices on abortion, federal powers and other seminal cases.

Barrett’s voting record is more moderate than Scalia’s, according to a June New York Times data analysis that found she plays an ‘increasingly central role’ on the court.

Barrett used her time on Monday to implore the group of judges to maintain a sense of grace, decorum, and respect for colleagues, despite the inevitable, heated disagreements that will occur.

The warm, if somewhat lofty, sense of idealism on display is one that is expected to be echoed further in her forthcoming memoir, ‘Listening to the Law: Reflections on the Court and Constitution,’ slated for publication next month.

The theme of Monday’s remarks, to the extent there was one, stressed working toward common goals, accepting ideological differences and embracing disagreement while keeping a broader perspective — a point echoed by Barrett and earlier speakers, who cited David Brooks repeatedly in praising purpose-driven public service.

The upside of so many hours spent in disagreement, Barrett said, is learning how to strike that balance.

‘We know how to argue well,’ she said. ‘We also know how to argue without letting it consume relationships.’

This has been especially true during Trump’s second term, as the Supreme Court presided over a record blitz of emergency appeals and orders filed by the administration and other aggrieved parties in response to the hundreds of executive orders signed in his first months in office.

The high court has ruled in Trump’s favor in the majority of emergency applications, allowing the administration to proceed with its ban on transgender service members in the military, its termination of millions of dollars in Education Department grants and its firing of probationary employees across the federal government, among many other actions.

Even so, it is Barrett who has emerged as the most-talked-about justice on the high court this term, confounding and frustrating observers as they tried and failed to predict how she would vote.

She’s been hailed as the ‘most interesting justice on the bench,’ a ‘trailblazer,’ and an iconoclast, among other things.

But on Monday, she stressed that the commonalities among judges, both for the 7th Circuit and beyond, are far greater than what issues divide them.

As for her own work, Barrett offered few details — her remarks began and ended in less time than it takes to microwave a burrito.

It’s unclear if, or to what extent, Barrett’s schedule may have changed at the eleventh hour — a reflection of the many demands placed on sitting Supreme Court justices, whose schedules are often subject to change or cancellation at a moment’s notice.

The 7th Circuit did not immediately respond to Fox News’s questions as to what, if anything, had changed on Barrett’s end.

Questions swirled as she exited. Had she planned longer remarks? Was the agenda misread? Or is she saving details for her memoir and looming book tour, as one reporter suggested?

Her appearance, full of irony, left observers with more questions than answers. Whether she addresses them in the weeks ahead remains to be seen.

This post appeared first on FOX NEWS

Politics

Schiff launches legal defense fund in response to claims Trump is ‘weaponizing’ justice system

Sen. Adam Schiff launched a legal defense fund as the California Democrat faces a federal investigation for alleged mortgage fraud and President Donald Trump repeatedly condemns him for years of allegedly promoting the ‘Russiagate’ hoax, according to a report published Tuesday.

‘It’s clear that Donald Trump and his MAGA allies will continue weaponizing the justice process to attack Senator Schiff for holding this corrupt administration accountable,’ a spokeswoman for Schiff told the New York Times. ‘This fund will ensure he can fight back against these baseless smears while continuing to do his job.’

The legal fund, dubbed ‘Senator Schiff Legal Defense Fund,’ was filed with the Internal Revenue Service Thursday, according to the New York Times.

Trump and Schiff have long been political foes, stretching back to the president’s first administration, when Schiff — who was serving in the U.S. House at the time — oversaw the first impeachment trial against Trump in 2020 for alleged abuse of power and obstruction of Congress, and for repeatedly promoting the narrative that Trump’s 2016 campaign colluded with Russia.

‘Russia, Russia, Russia. Totally phony, created by Adam Schiff, Shifty Schiff, and Hillary Clinton and the whole group of them,’ Trump said from the Kennedy Center Wednesday.

Trump was referring to recently declassified documents alleging the Obama administration ‘manufactured and politicized intelligence’ to create the narrative that Russia was attempting to influence the 2016 presidential election, despite information from the intelligence community stating otherwise.

‘It made it very dangerous for our country because I was unable to really deal with Russia the way we should have been,’ Trump continued from the Kennedy Center, referring to Attorney General Pam Bondi. ‘And I’m looking at Pam because I hope something’s going to be done about it.’

Schiff also came under fire earlier in August when documents released to Congress by FBI Director Kash Patel reported that a Democratic whistleblower who worked for Democrats on the House Intelligence Committee for more than 10 years told the FBI in 2017 that Schiff allegedly approved leaking classified information on Trump that ‘would be used to indict President TRUMP.’

Schiff accused of leaking classified information to discredit Trump, whistleblower says

Schiff notably served on the Jan. 6 committee, which investigated the day in January 2021 when Trump supporters breached the U.S. Capitol, and was among lawmakers who were granted preemptive pardons on President Joe Biden’s final day in office in 2025.

Schiff, however, had publicly condemned the prospect of Biden doling out preemptive pardons as ‘unnecessary’ and setting a bad precedent.

‘First, those of us on the committee are very proud of the work we did. We were doing vital quintessential oversight of a violent attack on the Capitol,’ Schiff said during a media interview in December 2024. ‘So I think it’s unnecessary.’

‘But second, the precedent of giving blanket pardons, preemptive blanket pardons on the way out of an administration, I think is a precedent we don’t want to set,’ he added.

The California Democrat also is facing a federal investigation for mortgage fraud, Fox Digital previously reported. Schiff has denied any wrongdoing, claiming the matter is a ‘baseless attempt at political retribution.’

The U.S. Federal Housing Finance Agency (FHFA) sent a criminal referral to the Department of Justice in May claiming that in ‘multiple instances,’ Schiff allegedly ‘falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.’

Fox News Digital reached out to Schiff’s office and the White House for comment on the legal fund but did not immediately receive replies.

Fox News Digital’s Brooke Singman contributed to this report.

This post appeared first on FOX NEWS

Politics

Gabbard removes clearances from 37 officials at Trump’s direction over politicizing intelligence

Director of National Intelligence (DNI) Tulsi Gabbard on Tuesday announced her office had stripped security clearances from 37 current and former intelligence officials, accusing them of politicizing and manipulating intelligence.

A DNI memo sent out on Monday included the names of officials who worked at the CIA, NSA, State Department and National Security Council, including former Obama DNI James Clapper, who Gabbard claimed told officials to ‘compromise’ normal procedures to rush a 2017 Intelligence Community Assessment related to Russia’s influence in the 2016 election.

‘Being entrusted with a security clearance is a privilege, not a right,’ Gabbard wrote in an X post. ‘Those in the Intelligence Community who betray their oath to the Constitution and put their own interests ahead of the interests of the American people have broken the sacred trust they promised to uphold.’

Notable officials on the list include Brett M. Holmgren, former Assistant Secretary of State for Intelligence and Research; Richard H. Ledgett, former NSA Deputy Director; Stephanie O’Sullivan, former Principal Deputy Director of National Intelligence; and Luke R. Hartig, former Senior Director for Counterterrorism at the National Security Council.

Also included was Yael Eisenstat, a former CIA officer and White House advisor known for her involvement in the Facebook election integrity operation.

Gabbard said the decision was made at President Donald Trump’s direction.

‘Our Intelligence Community must be committed to upholding the values and principles enshrined in the US Constitution and maintain a laser-like focus on our mission of ensuring the safety, security and freedom of the American people,’ Gabbard wrote on X.

The memo noted the revocation was effective immediately, and the officials’ access to classified systems, facilities, materials and information would be terminated.

The officials’ contracts or employment with the government are to be terminated and credentials surrendered to security officers, according to the memo.

This post appeared first on FOX NEWS

Business

Best Buy launches third-party marketplace as it looks for sales drivers

Best Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales.

Starting on Tuesday, shoppers who go to Best Buy’s website and app will see products and brands that weren’t available there before, including more tech-related accessories like custom video game controllers and some nontech items including seasonal decor and sports collectibles.

The company’s online marketplace riffs off those of other retailers, such as Amazon and Walmart, by relying on third-party sellers to stock, sell and ship inventory and taking a cut of their sales in the form of a commission.

“Everything we do is really centered around the customer and their technology needs, and we do see customers actually doing a lot of consumer electronics transactions through marketplaces,” Chief Customer, Product and Fulfillment Officer Jason Bonfig said. “And as a result of that, we need to make adjustments to be where the customer’s at.”

He said Best Buy noticed gaps in its assortment that the new platform will help it fill. For instance, Bonfig said the company didn’t carry batteries for some older cameras or cases for older smartphones. And it didn’t offer some items that complement Best Buy purchases, such as furniture that goes around a big-screen TV or cookware to use with a new kitchen appliance.

Along with adding those items, the marketplace makes it possible for smaller vendors with innovative products to sell on Best Buy’s website when they’re not yet big enough to make or distribute the volume needed for its stores, he added.

Best Buy’s marketplace launches at a time when its business could use a boost. Its annual sales have declined over the past three years as the company contends with a sluggish housing market, selective consumer spending and a decline in device replacements after a spike in tech purchases during the Covid pandemic.

The company cut its sales outlook in May and said it expects full-year revenue to range from $41.1 billion to $41.9 billion. That would be similar to Best Buy’s annual revenue of $41.5 billion in the most recent fiscal year, but below the numbers it posted in the years leading up to and during the pandemic.

Best Buy will share its most recent earnings results and sales forecast on Aug. 28.

Tariffs have complicated the backdrop for Best Buy, too, since the higher duties have added costs for consumer electronics vendors and distracted them from other priorities like research and development that leads to new and innovative products, said Jonathan Matuszewski, a retail analyst at Jefferies. He said Best Buy tends to win sales instead of big-box or online competitors when there’s a leap forward in technology.

With the platform’s launch, Best Buy joins other retailers that have jumped on the trend of introducing or expanding third-party marketplaces. Lowe’s and Nordstrom started marketplaces last year. Ulta Beauty plans to launch its own later this year. And Target said it will expand its existing marketplace, Target Plus.

On Best Buy’s earnings call in May, CEO Corie Barry described the third-party marketplace as one of the company’s strategic priorities for the year. She said that new profit stream “is even more important in this environment” and will provide greater flexibility with the range of items and price points.

Plus, she said the marketplace supports the company’s growing advertising business. Sellers can buy ads for their products, including by paying for better placement in search results.

Marketplaces and the advertising opportunities that come with them tend drive higher profits for retailers, said Justin MacFarlane, a managing director for the global retail group of AlixPartners. Sellers buy, stock and ship products instead of the retailer, and take on both the expense of buying inventory and the risk that they may have to mark down unwanted items, he said.

Yet the business model comes with risks, too, he said. For instance, sellers may not have the same standards as a retailer and it could anger a retailer’s customers if they send products in torn boxes, with missing pieces or days later than expected. And he said retailers can flood their websites with so many different categories, brands and products that they overwhelm customers with choices that seem irrelevant to their company’s identity.

“You get addicted to the growth and more is more until it’s not,” he said.

At launch, Best Buy’s marketplace will have about 500 sellers, Bonfig said. He said the company vetted applicants and whittled them down to the ones who can provide a high-quality customer experience. The sellers must match Best Buy’s return policy, he added.

Customers can return purchases either directly to the seller or to Best Buy stores, he said.

This post appeared first on NBC NEWS