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A flash of high-energy radiation that rippled through space in December 2004 may have quietly rewritten part of the story for how the universe forges its heaviest elements — including gold, platinum and uranium.

In a breakthrough building on two decades of satellite data and cutting-edge theoretical modeling, a group of astrophysicists has proposed that rare flares from magnetars may be responsible for producing significant quantities of the universe’s r-process elements, long thought to arise primarily from supernovae or neutron star collisions.

“It’s a substantial leap in our understanding of heavy elements production,” said Brian Metzger, professor of physics at Columbia University and senior research scientist at the Flatiron Institute’s Center for Computational Astrophysics.

“This is really just the second time we’ve ever directly seen proof of where these elements form,” he added.

The new research, published last week in ‘The Astrophysical Journal Letters,’ centers on a gamma-ray signal recorded by NASA and European Space Agency telescopes in 2004 — one that has defied explanation until now.

What are magnetars?

Magnetars are among the most extreme objects in the cosmos.

Born from the supernova deaths of massive stars, magnetars condense more mass than the Sun into a city-sized sphere just 12 miles across. Their magnetic fields are up to a thousand times stronger than those of ordinary neutron stars and trillions of times more intense than anything produced on Earth.

Occasionally, these hypermagnetic neutron stars experience “starquakes,” which are sudden, violent fractures in their crusts caused by internal magnetic stress. These quakes unleash giant flares of X-rays and gamma rays so powerful that they can interfere with satellites from halfway across the galaxy.

What remained unclear until now was if these outbursts could also manufacture heavy atoms. That possibility is no longer just theoretical. The clue came from a December 2004 flare, one of the brightest ever observed in our galaxy.

“When initially building our model and making our predictions back in December 2024, none of us knew the signal was already in the data,” Anirudh Patel, the paper’s lead author and a doctoral student at Columbia University, told CNN.

Team members reanalyzed archived data from the European Space Agency’s now-retired INTEGRAL (INTErnational Gamma-Ray Astrophysics Laboratory) mission and NASA’s RHESSI and Wind satellites.

To their surprise, they found a gamma ray glow appearing minutes after the initial burst — one that matched their predicted signature of freshly forged r-process nuclei cooling off.

Theoretical modeling had already suggested that material ejected during a magnetar flare could undergo rapid neutron capture (the r-process), creating heavy elements. The data now strongly suggests that this process had, in fact, occurred.

Making the universe’s bling

R-process elements like gold, platinum and uranium are too heavy to form in the fusion furnaces of normal stars. Instead, they require conditions with free-flying neutrons and intense heat — typically found in rare, cataclysmic events.

Until recently, the leading candidate was a kilonova: the merger of two neutron stars. A 2017 observation of such a collision provided direct evidence of heavy element formation and was dubbed a “cosmic gold factory.”

But kilonovas are relatively infrequent and tend to occur later in a galaxy’s evolution. Magnetars, on the other hand, may have been active much earlier — within a few hundred million years of the Big Bang.

Metzger and his colleagues estimate that a single magnetar flare could eject as many as 2 million billion billion kilograms of heavy atoms. Each flare acts as a kind of elemental forge. As the magnetar’s magnetic field snaps and reorganizes, it sends shock waves through the crust, hurling material into space. This ejected matter enters a crucible of extreme pressure and neutron density, triggering chain reactions that build up complex nuclei.

The conditions, researchers say, are just right for the formation of r-process elements — not just gold and platinum, but also uranium and other neutron-rich atoms.

More research needed

Not everyone in the astrophysical community is ready to declare magnetars the newest gold mine of the cosmos.

Dr. Eleonora Troja, an associate professor at the University of Rome who led the discovery of X-rays from the 2017 neutron star merger, urged caution while speaking to CNN.

“The production of gold from this magnetar is a possible explanation for its gamma-ray glow, one among many others as the paper honestly discusses at its end,” she said.

“I wouldn’t go so far as to say that a new source of gold has been discovered.”

She pointed out that magnetars are “very messy objects” whose flares can sometimes yield lighter elements like zirconium or silver instead of gold, depending on the specific conditions.

Astronomers now eagerly await the next giant magnetar flare, hoping to catch it in real time.

Future missions like NASA’s Compton Spectrometer and Imager, slated for a 2027 launch, promise greater sensitivity to detect and study these fleeting signals across multiple wavelengths.

For now, scientists have added one more explosive event to the list of stellar alchemists.

Whether magnetars are a main supplier of heavy elements or just one piece of the puzzle, they’ve earned a spotlight in the ongoing investigation into how the universe crafts some of its most valuable matter.

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

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The US Federal Reserve held its third meeting of 2025 from Tuesday (May 6) to Wednesday (May 7) against a backdrop of trade tensions, spurred on by the Trump administration’s tariffs.

The central bank met analysts’ expectations by holding its benchmark rate in the 4.25 to 4.5 percent range.

Chair Jerome Powell said the Fed’s dual mandate of maximum employment and stable pricing remains in balance, and noted that the US economy is solid. However, he also said that risks have risen and that there has been a sharp decline in consumer and expert sentiment due to the ongoing tariff situation.

The US has placed tariffs on key trading partners Canada, Mexico and the EU. It has also implemented 145 percent tariffs on China, while planning port fees of up to US$3 million per US port call for all Chinese-built ships.

Tariffs are already beginning to dramatically reduce imports into the US.

Activity at the Port of Los Angeles has fallen by 44 percent this week compared to last year. The Port of Seattle has also seen a 40 percent reduction, leading to warnings of empty store shelves and job losses.

The story was different in Q1 — Powell noted that imports spiked during the period as businesses attempted to make moves ahead of tariffs. That had an impact on GDP, which contracted by 0.3 percent in the first quarter.

Powell suggested tariff announcements have been larger than anticipated, also noting that uncertainty is elevated and that downside risks have risen, but have not materialized. Ultimately, this uncertainty led the FOMC to unanimously vote to leave rates at the current level while waiting for more clarity from future data.

“The labor market is solid, inflation is low — we can afford to be patient as things unfold. There is no real cost to our waiting at this point,” Powell said. The Fed’s next meeting is scheduled for June 17 to 18.

Following the Fed’s announcement, the gold price fell from session highs in the US$3,400 per ounce range to reach US$3,371.86. The silver price declined for most of the morning, trading at US$32.28 per ounce at 3:30 PM EST.

The S&P 500 (INDEXSP:INX) was flat, recording a 0.17 percent decline to 5,599. The Nasdaq-100 (INDEXNASDAQ:NDX) fell 0.2 percent to 19,751, and the Dow Jones Industrial Average (INDEXDJX:.DJI) rose 0.32 percent to 41,950.

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

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Advanced Micro Devices CEO Lisa Su said China is a “large opportunity” market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world’s second-largest economy.

“There should be a balance between export controls for national security as well as ensuring that we get the widest possible adoption of our technology,” Su told CNBC’s “Squawk on the Street” on Wednesday. “That’s a good thing for U.S. jobs in the U.S. economy.”

She added that U.S. leadership in artificial intelligence and widespread adoption is the primary objective and a “really great position for us to be in.”

Su said there is a “balance to be played between” restricting and providing access to chips.

The comments come on the heels of the company’s fiscal first-quarter results. AMD topped earnings and expectations and issued strong guidance, but said it would see a $1.5 billion hit this year from China export controls. Last month, the company said it would incur up to $800 million in costs from shipping its MI308 products to China and other countries.

The U.S. government has cracked down on chip shipments to China in recent years, restricting the sale of more advanced AI processors to China that could be used to improve military capabilities and eat away at U.S. dominance.

President Donald Trump’s evolving tariff policies have added more turbulence to the sector in recent weeks, and many investors are combing for signs of demand pressure.

While AMD would “prefer a more certain environment,” Su said that the company is working to move manufacturing to the U.S. She added that the impact from tariffs on its portfolio is a minor blip and that the company saw “robust” sales in April.

“We’ve learned to become very agile through all of the things that have happened to the semiconductor supply chain, and we’re going to continue to watch all of these trends very carefully and make sure that we react appropriately going forward,” she said.

Other Ai chipmaking CEO have also called attention to the impact of chip restrictions in a rapidly expanding AI market. Nvidia CEO Jensen Huang told CNBC’s Jon Fortt on Tuesday that getting pushed out of the the country would be a “tremendous loss.”

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National Basketball Association superstar Russell Westbrook is taking a shot off the court at simplifying funeral planning with artificial intelligence.

The famed Denver Nuggets point guard on Wednesday announced the launch of Eazewell, a startup that uses AI technology to streamline the process for coordinating funerals. Westbrook founded the venture with former Charlotte Hornets star Kemba Walker and childhood friend Donnell Beverly Jr., who serves as president of Russell Westbrook Enterprises and CEO and co-founder of Eazewell.

“My whole career, on and off the court, has been about stepping up decisively in the moments that matter most,” Westbrook wrote in a statement to CNBC. Westbrook and the Nuggets are currently facing the Oklahoma City Thunder in the NBA Western Conference semifinals. “Eazewell is exactly that — a decisive solution to a very real problem.”

The Los Angeles-based company uses AI to curate funeral options catered to each user’s budgets and preferences. The platform assists with paperwork, budget planning, invitations and overlooked tasks such as canceling a deceased loved one’s utility bills and social media accounts. Eazewell currently has 11 employees and has already tested its beta platform with more than 1,000 families. 

Eazewell has not disclosed funding but has revenue agreements with partner services. The startup is also working on partnerships with finance and life insurance companies in the space. The service is free to use and does not have an ads component “at this stage,” a company spokesperson said.

“We’re trying to take the weight off people’s shoulders as much as we can, and make this process so much easier for people,” Walker told CNBC in a phone interview. Walker played college basketball with Beverly at the University of Connecticut.

Eazewell traces its origins to Westbrook and Beverly’s high school days, when their friend and basketball teammate Khelcey Barrs III passed away unexpectedly from an enlarged heart. Westbrook commemorates Barrs to this day by wearing a bracelet with the initials “KB3” in every NBA game he plays and on his signature Jordan Why Not Zer0.6 “Khelcey Barrs” shoe.

“It’s a reminder that life can change in an instant,” Westbrook said. “You don’t get to choose the moment, but you do get to choose how you respond.”

The experience left a lasting effect on the two friends, Beverly said, but it wasn’t until the death of Beverly’s parents that he experienced funeral planning hurdles firsthand. Beverly said the experience was “messy” and “grueling.”

Disillusioned and frustrated by the process after the death of his mother and father in 2016 and 2023, respectively, Beverly turned to his close friends to come up with the solution that became Eazewell.

“It just seems like the perfect time to really turn our shared pain into purpose,” Beverly said.

One of Eazewell’s most innovative features is its voice-activated AI agent that can gather cost quotes and call funeral homes on a user’s behalf.

Recent advancements in AI have only recently made it possible to automate tasks and create agents that can manage these jobs in an empathetic and compassionate manner, said Viviane Ghaderi, Eazewell’s tech chief and a former Amazon executive.

Stephen Stokols, an Eazewell investor and CEO of Tru Skye Ventures, an early-stage sports technology and wellness venture firm, said these “transformational” AI advancements helping bring the funeral industry out of the “dark ages” initially drew him to the project.

Walker said he hopes Eazewell can offer users the tools to navigate a topic that is not taught in school or early life.

“We know how important it is to have someone by your side to help with the details that come after a loss,” Westbrook said.

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President Donald Trump’s executive order ending diversity, equity and inclusion (DEI) programs in the federal government has returned financial power to the people, OJ Oleka, CEO of the State Financial Officers Foundation, told Fox News Digital. 

Oleka said there’s a ‘new sheriff in town’ and that Trump is ‘making good’ on his promise to eliminate DEI by shifting financial policies ‘away from the left and back to the center,’ empowering state financial officers and building trust with the American people. 

‘We know that when companies focus on business, their business does better. If their business does better, shareholders make more money, their employees have a better quality of life within their business and their consumers get a better product,’ Oleka told Fox News Digital at the State Financial Officers Foundation conference in Orlando, Florida. 

Oleka said focusing on financial returns and merit-based incentives over DEI or environmental, social and governance (ESG) policies creates ‘more money for shareholders, better culture in the office for employees and better products for consumers and customers,’ exactly what state financial officers have been asking for. 

‘The American people want every individual to succeed,’ Oleka said. ‘They want people to succeed on their merit, on their ability, on their skill. It’s very important to us as Americans. But what they don’t want is for people to get preferences just because of some political ideology.’ 

He said there are misconceptions about DEI ‘because people hear diversity, equity and inclusion, and they think, ‘Well, those are good things. I support diversity. I want people to be included, and people should have the resources that they need.’

‘To be very clear, when we’re talking about DEI, we’re saying that DEI is trying to provide racial or gender preferences for people based on past grievances. It effectively has nothing to do with merit or looking at somebody’s skill for a job or for an opportunity.’ 

Equal opportunity is giving people access to create their own opportunities, to try to be as successful as they can be with their skills, ability and merit, according to Oleka. 

Oleka explained that DEI is subjective because it prefers ‘folks based on what you think is important, based on your own politics.’

It’s bad to say, from a company’s perspective, ‘Let’s just hire people based on race, based on gender,’ as opposed to skill and ability,’ Oleka said.

‘It’s bad because it can harm the performance of what that company actually does with their business responsibilities. That matters to our financial officers because they invest in a lot of these companies. It’s their job as fiduciary leaders to make sure that the pensions that they invest, the public funds that they invest by virtue of their positions, are actually done so by companies and with funds where the returns are going to be high.

‘We can’t guarantee that the returns are going to be as high as they can be if the companies aren’t even focusing on their specific mandate, on their responsibility. Instead, they’re focusing on their politics and trying to force an ideology or social agenda through their businesses. That’s not what business is for.’ 

Oleka said his experience as someone with a Ph.D. in higher education who is also the son of Nigerian immigrants informs his rejection of political ideology or agendas in government-funded programs, including in public education, because these policies don’t improve students’ learning experience or academic performance. 

‘That doesn’t actually contribute to kids’ learning,’ Oleka said. ‘It doesn’t contribute to human flourishing. There really is no reason why people’s taxpayer dollars should be spent on that.’

Oleka told Fox News Digital the Orlando conference was critical to reminding state financial officers across the country they are not alone in pushing back against DEI and ESG policies that were promoted by former President Joe Biden’s administration. 

‘It goes back to what I think most Americans believe. Their state government is closer to them than the federal government,’ he said. ‘As a result, state leaders should have more power, as it relates to their finances, than the federal government, and what a state leader should do with that power is give it back to the people.’

By empowering state financial officers to focus on financial returns and fiduciary duty instead of ideology and politics, Oleka said more Americans are incentivized financially. 

‘It’s important that we have that same kind of leadership in the White House at the state level, making good on their promise to bring a Golden Age to America and to each state,’ he said. 

This post appeared first on FOX NEWS

President Donald Trump revealed a new pick for surgeon general on Wednesday, saying he will now nominate Dr. Casey Means for the job.

‘Casey has impeccable ‘MAHA’ credentials, and will work closely with our wonderful Secretary of Health and Human Services, Robert F. Kennedy, Jr., to ensure a successful implementation of our Agenda in order to reverse the Chronic Disease Epidemic, and ensure Great Health, in the future, for ALL Americans,’ Trump said late Wednesday afternoon in a post on his social media platform Truth Social. ‘Dr. Casey Means has the potential to be one of the finest Surgeon Generals in United States History.’

Means, a vocal ‘Make America Healthy Again’ proponent, played a significant role in helping shape the administration’s agenda surrounding health, alongside her brother, Calley Means. She is a Stanford-trained physician and has made a name for herself as a wellness influencer alongside her brother. In 2024, both Casey and Calley co-wrote a book about the chronic disease epidemic titled ‘Good Energy,’ and Casey is also the co-founder of a health-tech company called Levels.

Calley Means was previously tapped by the administration to serve as a top special advisor to Secretary Kennedy.

  

Trump previously announced he would nominate Dr. Janette Nesheiwat, a former Fox News contributor, to be surgeon general.

It’s unclear why Nesheiwat’s nomination was pulled. Fox News Digital reached out to the White House for more information. 

Trump added in his post that Secretary Kennedy ‘looks forward to working with Dr. Janette Nesheiwat in another capacity at HHS.’

Meanwhile, in a follow-up post on X, Nesheiwat also said she was ‘looking forward’ to continuing to support Trump while working closely with Secretary Kennedy ‘in a senior policy role.’ 

‘My focus continues to be on improving the health and well-being of all Americans, and that mission hasn’t changed,’ Nesheiwat concluded in her public social media remarks.  

Nesheiwat is the sister-in-law of recently fired National Security Advisor Michael Waltz, who the president indicated he will now be nominating to be the next ambassador to the United Nations after dropping his initial nominee, New York GOP Congresswoman Elise Stefanik. 

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President Donald Trump wants India and Pakistan to cease fighting and is open to helping both countries broker a peace agreement, following strikes from India against Pakistan early Wednesday. 

India launched missiles against at least nine sites ‘where terrorist attacks against India have been planned,’ according to India’s Defense Ministry. Meanwhile, Pakistan’s military reported that the strikes killed at least 26 people — including women and children — and claimed the strikes amounted to an ‘act of war.’ 

‘Oh, it’s so terrible. My position is, I get along with both,’ Trump told reporters Wednesday. ‘I know both very well, and I want to see them work it out. I want to see them stop. And hopefully they can stop now. They’ve got a tit for tat, so hopefully they can stop now. But I know both. We get along with both countries very well. Good relationships with both. And I want to see it stop. And if I can do anything to help I will. I will be there as well.’

Tension between India and Pakistan escalated in April after a gunman killed 26 people who were primarily Indian Hindi tourists in the India-controlled portion of Kashmir. India pinned the blame on Pakistan, and a militant group India claims is affiliated with a Pakistani militant group ultimately claimed responsibility for the attack. 

After India’s Wednesday strikes, Pakistan said it shot down five Indian fighter jets, claiming that the move was justified given India’s actions. 

‘Pakistan has every right to give a robust response to this act of war imposed by India, and a strong response is indeed being given,’ Pakistani Prime Minister Shehbaz Sharif said. 

The Associated Press, Fox News’ Greg Wehner and Nick Kalman contributed to this report. 

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A three-day ceasefire in Ukraine that was unilaterally declared by Russian President Vladimir Putin last month was set to come into effect at 5 p.m. ET on Wednesday (midnight Moscow time), as Russia prepares to mark the anniversary of its World War II Victory Day on Friday.

It was not immediately clear whether Russian forces observed the ceasefire.

A statement from the Kremlin last month said that Putin ordered “all military actions” in Ukraine to be suspended from midnight May 8 to midnight May 11 based on “humanitarian considerations.”

Kyiv rejected the short-term truce when it was first announced. Ukraine’s President Volodymyr Zelensky called Putin’s announcement a “theatrical performance” and reiterated his country’s support for an earlier US proposal for a 30-day ceasefire which Russia has rejected.

The three-day period Putin picked for the ceasefire coincides with Russia’s World War II Victory Day commemorations, including a traditional military parade set for Friday, May 9.

The high-profile event is expected to be attended by the leaders of several countries that are friendly with Russia, including China’s Xi Jinping.

As in previous years, it is expected to be used by Putin and his government to peddle propaganda, which falsely frames Moscow’s current aggression against Ukraine as a fight against a “Nazi” regime in Kyiv.

Ukrainian drones shut Moscow airports

As Russia prepares to mark the anniversary of the end of WWII, Ukrainian drones attacked Moscow for the second consecutive night overnight into Wednesday.

The attacks forced Russian authorities to temporarily halt air traffic at 13 airports – four in Moscow and nine further afield.

More drones were flying on Wednesday, with the Moscow mayor Sergey Sobyanin saying one drone that was heading to Moscow was shot down on Wednesday afternoon.

The shutting down of airports was potentially embarrassing for Moscow, as delegations from countries that have remained friendly to Russia were flying in to attend the parade on Friday.

Brazil’s President Luiz Inacio Lula da Silva, Vietnam’s President To Lam and Belarussian leader Alexander Lukashenko are among the 29 leaders on the guestlist, according to Russian presidential aide Yuri Ushakov.

Ukraine has previously said it “cannot be responsible for what happens on the territory of the Russian Federation” because of the war.

Zelensky said his country would not be “playing games to create a pleasant atmosphere to allow for Putin’s exit from isolation on May 9.”

While Russia has rejected the US ceasefire proposal, the unilateral ceasefire around the Victory Day celebration was the second short-term truce Putin announced in less than a month.

In a surprise move over Easter, the Russia leader announced he instructed his troops to stop all military activity for some 30 hours. Ukraine accused Russia of breaching the truce, although it did say that fighting has slowed along some parts of the front lines.

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Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (‘Grande Portage’ or the ‘Company’) is pleased to announce that it has staked 64 new federal claims adjacent to its existing exploration claims at the New Amalga Gold project in Southeast Alaska.

The added claims are intended to accommodate future surface facilities in support of a potential underground mine at the site. Such facilities could include buildings and infrastructure for:

  • Electrical utilities
  • Equipment maintenance
  • Ore sorting
  • Backfill preparation
  • Supplies warehousing
  • Water treatment
  • Office and administration

Environmental studies and fieldwork are ongoing to determine the ideal layout of the potential surface facilities to ensure protection of fish habitat, maintain integrity of wetlands, and minimize overall ecological footprint.

The potential surface facilities are not planned to include an ore processing plant. Due to the resource location near tidewater and less than 4 miles (6.5km) from existing paved highway (Fig. 1), the Company considers off-site processing by a third party to be the most favorable configuration for the project. This setup provides several potential benefits:

  • Eliminates the need to build a concentrator, greatly reducing project construction CAPEX
  • Results in no tailings generated at the site, removing the need to develop a tailings disposal facility near the mine.
  • Avoids the need for permanent waste rock storage facilities. All waste rock generated from mine access development would be returned to the underground workings for stope backfill.
  • No use of chemical reagents for gold processing at the site.
  • Dramatically reduces land usage and overall environmental footprint.
  • Greatly facilitates post-mining closure and reclamation.
  • Simplifies the environmental review and permitting process.

Ian Klassen, President and CEO comments: ‘We are extremely pleased to have secured these additional claims for the future mine surface facilities – a key milestone in our work towards preparing for the environmental review and permitting process. As always, our commitment is to exceed all regulatory requirements and environmental expectations while contributing to the local economy and creating long-term job opportunities for the community of Juneau’.

Fig. 1: Location of the New Amalga Gold Project

The Company is also pleased to confirm that it has received all necessary regulatory approvals for its upcoming 2025 field program at its New Amalga Gold project (formerly the Herbert Gold project).

Kyle Mehalek, P.E.., is the QP within the meaning of NI 43-101 and has reviewed and approved the technical disclosure in this release. Mr. Mehalek is independent of Grande Portage within the meaning of NI 43-101.

About Grande Portage:

Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on advancing the New Amalga Mine project, the outgrowth of the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the New Amalga property. The New Amalga gold system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over eight million ounces of gold.

The Company’s updated NI#43-101 Mineral Resource Estimate (MRE) reported at a base case mineral resources cut-off grade of 2.5 grams per tonne gold (g/t Au) and consists of: an Indicated Resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes); and an Inferred Resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes), as well as an Indicated Resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes); and an Inferred Resource of 390,600 ounces of silver at an average grade of 7.33 g/t silver (1,813,000 tonnes). The MRE was prepared by Dr. David R. Webb, Ph.D., P.Geol., P.Eng. (DRW Geological Consultants Ltd.) with an effective date of July 17, 2024.

ON BEHALF OF THE BOARD

‘Ian Klassen’
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company’s filings with Canadian securities regulators. 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Please note that under National Instrument 43-101, the Company is required to disclose that it has not based any production decision on NI 43-101-compliant reserve estimates, preliminary economic assessments, or feasibility studies, and historically production decisions made without such reports have increased uncertainty and higher technical and economic risks of failure. These risks include, among others, areas that are analyzed in more detail in a feasibility study or preliminary economic assessment, such as the application of economic analysis to mineral resources, more detailed metallurgical and other specialized studies in areas such as mining and recovery methods, market analysis, and environmental, social, and community impacts. Any decision to place the New Amalga Mine into operation at levels intended by management, expand a mine, make other production-related decisions, or otherwise carry out mining and processing operations would be largely based on internal non-public Company data, and on reports based on exploration and mining work by the Company and by geologists and engineers engaged by the Company.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Click here to connect with Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) to receive an Investor Presentation

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A federal judge ruled on Monday that a class action lawsuit alleging that Burger King falsely advertised the size of its signature cheeseburger can move forward.

U.S. District Judge Roy K. Altman in Florida found ‘some’ merit to the plaintiff’s argument that the fast food chain advertised its Whopper cheeseburger and other menu items to appear bigger than they are.

An image of the Whopper burger from the lawsuit.
An image of the Whopper burger from the lawsuit.District Court South Florida

Nineteen customers from 13 states sued Burger King in 2022, alleging that the burgers they advertised were ‘approximately 35% larger in size, and contain more than double the meat, than the actual burger.”

The lawsuit contains side-by-side images of the bright colored, larger-than-life burger advertisements next to the droopy images taken by customers.

‘Each of our Plaintiffs purchased BKC products at Burger King stores in their home states, and each came away disappointed by the incongruity between what they received and what they expected based on BKC’s advertisements,’ the lawsuit says.

Burger King sought to dismiss the lawsuit, but Altman on Monday stated that the plaintiff’s allegations ‘go beyond mere exaggeration or puffery.’

A spokesperson for Burger King said in a Monday statement that ‘the plaintiffs’ claims are false.’

‘The flame-grilled beef patties portrayed in our advertising are the same patties used in the millions of burgers we serve to Guests across the U.S.,’ the spokesperson added.

A lawyer representing the plaintiffs, Anthony Russo, said in a Monday statement that the plaintiffs were ‘pleased’ with the judge’s ruling and ‘are ready to move forward.’

A similar lawsuit against McDonald’s and Wendy’s was dismissed in September.

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