Author

admin

Browsing

Josef Schachter, president and author at the Schachter Energy Report, shares his thoughts on oil and natural gas prices, supply and demand in 2026.

‘I think before the cycle is over, the 2007 high of US$147 (per barrel) will be breached, because the industry cannot respond quickly by bringing on new oil,’ he said.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (January 2) 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$89,036.29, up by 1.8 percent over 24 hours.

Bitcoin price performance, January 1, 2025.

Chart via TradingView

Ether (ETH) was priced at US$3,028.99, up by 2.3 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.88, up by 2.5 percent over 24 hours.
  • Solana (SOL) was trading at US$127.74, up by 2.8 percent over 24 hours.

Today’s crypto news to know

Bitcoin ETFs suffer worst two-month exodus on record

U.S.-listed spot Bitcoin ETFs closed 2025 with a combined US$4.57 billion in net outflows for November and December, marking their worst two-month stretch since launching in early 2024.

December alone saw US$1.09 billion pulled from the funds, following an even steeper $3.48 billion in November, according to SoSoValue data. The selloff also coincided with a roughly 20 percent drop in Bitcoin’s price.

Meanwhile, Ether ETFs were also swept up in the retreat, losing more than US$2 billion over the same period.

While the scale of redemptions appears severe, optimistic outlooks still persist. Some market participants say the flows reflect portfolio rebalancing rather than outright panic.

For instance, others note that weaker hands exited into year-end, while longer-term capital absorbed supply.

Turkmenistan moves to legalize crypto mining and exchanges

Turkmenistan has formally legalized cryptocurrency mining and exchanges after President Serdar Berdimuhamedov signed the Law on Virtual Assets into effect in late November.

The legislation establishes a legal framework for creating, trading, and holding digital assets as part of a broader push to stimulate economic growth and attract foreign investment.

Under the law, cryptocurrencies are classified as property rather than legal tender or securities and are divided into secured and unsecured assets, such as Bitcoin.

Further, mining is permitted for both individuals and companies, provided they register with the Central Bank of Turkmenistan and comply with technical standards.

The rules also explicitly ban illicit practices like cryptojacking and require licensed operations. Crypto exchanges and custodial services are also authorized, subject to central bank approval and strict KYC and anti-money-laundering requirements.

Tether expands Bitcoin, gold reserves with year-end purchase

Tether added 8,888 Bitcoin on New Year’s Eve, lifting its disclosed holdings to more than 96,000 BTC and placing the stablecoin issuer among the largest corporate holders globally.

CEO Paolo Ardoino said the purchase continues Tether’s policy of allocating up to 15 percent of quarterly earnings into Bitcoin, with the latest tranche valued at roughly US$780 million at the time of acquisition.

The accumulation makes Tether’s wallet the fifth-largest known Bitcoin address and the second-largest among private corporate treasuries.

Bitcoin remains only part of the firm’s reserve strategy, which also includes a sizable gold position. Tether bought 26 tons of gold in the third quarter, bringing its total holdings to 116 tons.

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

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

This post appeared first on investingnews.com

The U.S. Department of the Treasury on Wednesday sanctioned four companies operating in Venezuela’s oil sector and identified four oil tankers as blocked property, saying the move targets oil traders involved in alleged sanctions-evasion that helps finance Nicolás Maduro’s regime.

Treasury said the vessels, some described as part of a ‘shadow fleet’ serving Venezuela, ‘continue to provide financial resources that fuel Maduro’s illegitimate narco-terrorist regime’ in Tuesday’s press release.

‘President Trump has been clear: We will not allow the illegitimate Maduro regime to profit from exporting oil while it floods the United States with deadly drugs,’ Treasury Secretary Scott Bessent said. ‘The Treasury Department will continue to implement President Trump’s campaign of pressure on Maduro’s regime,’ he added.

Treasury said the sanctions block property and interests in property of the designated entities within U.S. jurisdiction and generally prohibits Americans from transactions involving them.

The action follows U.S. measures against Venezuela’s state-run oil company Petroleos de Venezuela, S.A. (PDVSA).

OFAC designated PDVSA in January 2019 under Executive Order 13850, and President Trump later took additional steps to block PDVSA in August 2019 under Executive Order 13884, Treasury said.

Treasury said Wednesday’s move also complements actions announced Dec. 11 and Dec. 19 targeting PDVSA-linked officials, associates and vessels.

OFAC designated Corniola Limited and Krape Myrtle Co LTD and identified the tanker NORD STAR as blocked property. OFAC also designated Winky International Limited and identified ROSALIND, also known as LUNAR TIDE, as blocked property. OFAC designated Aries Global Investment LTD and identified the tankers DELLA and VALIANT as blocked property, Treasury said.

Treasury said blocked property within U.S. jurisdiction must be reported to OFAC, and warned that violations of U.S. sanctions may result in civil or criminal penalties.

Treasury said the goal of sanctions is to bring about a positive change in behavior, noting there is a formal process for seeking removal from an OFAC list consistent with U.S. law.

This post appeared first on FOX NEWS

The number of American citizens arrested and held in Venezuela has risen in recent months, according to a new report.

Several Americans have been detained by Venezuelan security forces as the Trump administration stepped up efforts to isolate President Nicolás Maduro, including sanctions enforcement and an expanded military presence in the Caribbean, The New York Times reported.

A U.S. official familiar with the matter, speaking on condition of anonymity, told the outlet that while some detainees face what Venezuelan authorities describe as legitimate criminal charges, Washington is considering designating at least two Americans as ‘wrongfully detained.’

.’

This can speed up diplomatic efforts to secure their release.

Those arrested currently are said to include three Venezuelan-American dual nationals and two U.S. citizens with no known ties to Venezuela, the official told the outlet.

Maduro’s government has long been accused by U.S. officials and critics of using detained foreign nationals as leverage in negotiations with the U.S.

President Trump has made the release of Americans held overseas a priority during both of his presidencies. During his first term, he followed a campaign of maximum pressure against Maduro.

On his return to office in January, Trump also sent envoy Richard Grenell to Caracas to push for a prisoner agreement.

Grenell met Maduro in person and was tasked with securing the return of detained Americans, announcing he was bringing home six who had been imprisoned, per Reuters.

In May, Venezuela also released a U.S. Air Force veteran who had been detained for roughly six months. 

Joseph St Clair, who served in Afghanistan, had traveled to South America for treatment for post-traumatic stress disorder.

In July, as reported by Fox News Digital, 10 more Americans and U.S. permanent residents were released after a prisoner swap that saw more than 250 Venezuelans held in El Salvador also returned home. The U.S. State Department confirmed that release on July 18, 2025.

‘Our commitment to the American people is clear: we will safeguard the well-being of U.S. nationals both at home and abroad and not rest until all Americans being held hostage or unjustly detained around the world are brought home,’ Secretary of State Marco Rubio said at the time.

.

That diplomatic push led to talks between U.S. and Venezuelan officials and resulted in the release of at least 16 American citizens and permanent residents by mid-2025.

Those negotiations were later suspended as the administration shifted toward broader pressure.

The U.S. began expanding sanctions enforcement, redeploying naval assets to the Caribbean, and increased operations targeting vessels allegedly linked to drug-trafficking networks tied to Maduro’s regime.

Meanwhile, the New York Times reported Wednesday that among those Americans currently reported missing is James Luckey-Lange, 28, of Staten Island, New York, who went missing after crossing Venezuela’s southern border in early December.

Luckey-Lange is the son of musician Diane Luckey, known as Q Lazzarus.

Another former detainee, Renzo Huamanchumo Castillo, a Peruvian-American, told the outlet he was arrested last year and accused of terrorism and plotting to kill Mr. Maduro.

‘We realized afterward, I was just a token,’ he said. He was released in the July prisoner swap after months of harsh detention.

At least two others with U.S. ties remain imprisoned, according to their families: Aidel Suarez, a U.S. permanent resident born in Cuba, and Jonathan Torres Duque, a Venezuelan-American, according to reporting by The New York Times.

The exact number of newly detained Americans has not been publicly disclosed by U.S. officials.

Fox News Digital has reached out to the Department of State for comment.

This post appeared first on FOX NEWS

The Department of Justice (DOJ) on Wednesday outlined a list of its accomplishments during President Donald Trump’s first year back in office, arguing that the agency has ended the political weaponization it says existed under the Biden administration.

The DOJ claimed in a statement posted on X that it has ‘turned around’ the agency, restoring fairness and law enforcement priorities.

‘Instead of keeping Americans safe, the Biden DOJ weaponized its power against political opponents: conservatives, parents, pro-lifers, Christians, and most of all, President Trump,’ the DOJ stated.

The DOJ said that after President Trump inherited a justice system it described as ‘in chaos,’ he charged the department with restoring ‘integrity, accountability and equal justice under the law.’

‘In 2025, the DOJ returned to its core mission: upholding the rule of law, vigorously prosecuting criminals, and keeping the American people safe,’ the department wrote.

The announcement comes as the Trump administration continues to face legal challenges and the Justice Department faces potential legal action after missing a statutory deadlinedeadline to release documents related to Jeffrey Epstein under the Epstein Files Transparency Act.

The DOJ outlined 10 ‘wins’ since President Trump took office on Jan. 20, including efforts to pursue major fraud cases, particularly in Minnesota, which it described as ‘rife with fraud.’

According to the DOJ, 98 people have been charged — including 85 individuals identified as being of Somali descent — in Medicaid fraud and related case programs, leading to 64 convictions to date.

The statement outlines actions taken to roll back policies it said were targeting conservatives and parents, reduce crime nationwide, increase law enforcement activity in major cities, seize record amounts of illegal drugs and secure favorable rulings at the Supreme Court.

On Wednesday, FBI Director Kash Patel wrote on X that the bureau is working to restore trust in federal law enforcement.

‘Dismantling public corruption is a top priority of our leadership team here — we’ve worked day and night on that mission and will continue to do so until justice is done,’ he wrote.

The Justice Department said more enforcement actions are planned in 2026, signaling an escalation of arrests, court victories and action ‘against those who threaten the safety and well-being of the American people.’

This post appeared first on FOX NEWS

Republican Rep. Wesley Hunt of Texas is calling for the complete and permanent abolition of diversity, equity and inclusion ideology, noting that he only wants to be judged based on his ‘character,’ ‘competence’ and ‘results.’

‘DEI should be abolished, permanently. I never want to be chosen, promoted, or rewarded because of how I look. I want to earn every opportunity on merit, through hard work, grit, discipline, and determination,’ the Army veteran declared in a post on X.

‘Equality means equal standards, not engineered outcomes. The dignity of achievement comes from effort, not entitlement. Judge me by my character, my competence, and my results. Anything less is an insult to everyone striving to be their best,’ he added.

Billionaire business tycoon Elon Musk heartily endorsed the lawmaker’s comments.

‘And this is how anyone of honor should be!’ Musk wrote when sharing Hunt’s post on X.

Hunt has previously expressed his disdain for DEI.

‘DEI should be DOA,’ he wrote in a May 2025 post on X. ‘America was built on merit, grit, determination, and hard work—not skin color, quotas, or political games. The promise of this nation is simple: we rise by the strength of our character, not the shade of our skin. I’ve lived by that truth—and it drives the left absolutely insane.’ 

The lawmaker, who has served in the U.S. House of Representatives since 2023, is running for U.S. Senate, challenging incumbent Republican Sen. John Cornyn of Texas, who is up for re-election this year. Lone Star State Attorney General Ken Paxton is also aiming to unseat Cornyn in the Republican U.S. Senate primary.

This post appeared first on FOX NEWS

As 2025 ends, tensions between China and Taiwan are higher — and more overt — than at any point in recent years, fueled by expanded U.S. military support for Taipei, increasingly bold warnings from regional allies, and Chinese military drills that look less like symbolism and more like rehearsal.

Beijing has spent the year steadily increasing pressure on Taiwan through large-scale military exercises, air and naval incursions, and pointed political messaging, while Washington and its allies have responded with sharper deterrence signals that China now openly labels as interference.

The result is a more volatile status quo — one where the risk of miscalculation has grown, even as most analysts stop short of predicting an imminent Chinese invasion.

A year of escalating pressure

China capped off 2025 with what it described as its largest Taiwan-focused military exercises to date, launching expansive drills in December that included live-fire elements and simulated island encirclement operations.

The exercises followed a familiar pattern seen throughout the year: People’s Liberation Army aircraft and ships operating closer to Taiwan with greater frequency, reinforcing Beijing’s claim of sovereignty while testing Taipei’s response capacity.

Unlike earlier shows of force, the late-year drills were widely interpreted as practice for coercive scenarios short of outright war — particularly a blockade or quarantine designed to strangle Taiwan economically and politically without triggering immediate global conflict.

Chinese officials explicitly tied the escalation to Washington’s actions, pointing to a massive U.S. arms package approved in December — valued at roughly $11 billion and described as one of the largest such sales to Taiwan in years — as proof of what Beijing calls ‘foreign interference.’

Chinese officials have been unusually blunt in their response.

‘Any external forces that attempt to intervene in the Taiwan issue or interfere in China’s internal affairs will surely smash their heads bloody against the iron walls of the Chinese People’s Liberation Army,’ China’s Taiwan Affairs Office said in a Monday statement. 

The arms package continued the U.S. push to strengthen Taiwan’s asymmetric defenses, including missiles, drones and systems designed to complicate a Chinese assault rather than match Beijing weapon-for-weapon.

Taipei welcomed the support but remained cautious in its public response, emphasizing restraint while warning that Chinese military pressure has become routine rather than exceptional.

Japan steps into the frame

One of the most consequential shifts in 2025 came not from Washington or Taipei, Taiwan, but from Tokyo.

In November, Japanese Prime Minister Sanae Takaichi made unusually direct remarks linking a potential Taiwan contingency to Japan’s own security, suggesting that an attack on Taiwan could trigger collective self-defense considerations under Japanese law.

The comments marked one of the clearest acknowledgments yet from a sitting Japanese leader that a Taiwan conflict would not remain a bilateral issue between Beijing and Taipei.

China reacted angrily, accusing Japan of abandoning its post-war restraint and aligning itself with U.S. efforts to contain Beijing. The rhetoric underscored a growing Chinese concern: that any move on Taiwan would draw in a widening coalition of U.S. allies.

That concern has also been reinforced by U.S. treaty commitments to the Philippines, where Chinese and Philippine vessels clashed repeatedly in the South China Sea throughout the year, raising fears of a multifront crisis.

Washington’s deterrence gamble

For the United States, 2025 was defined by a balancing act — reinforcing Taiwan without triggering the very conflict Washington seeks to prevent.

In addition to the December arms package, U.S. officials repeatedly reaffirmed that peace and stability in the Taiwan Strait are vital U.S. interests, while avoiding any explicit shift away from long-standing strategic ambiguity.

The Pentagon’s annual report on China, released late in 2025, reiterated that U.S. defense assessments see the Chinese military developing capabilities that could enable it to fight and win a war over Taiwan by 2027 — a benchmark that has increasingly shaped U.S. and allied planning.

U.S. officials, however, have also cautioned that military readiness does not equal intent, warning against treating exercises or procurement timelines as a countdown clock to war.

Is an invasion coming?

The question hanging over the region — and Washington — is whether China is moving closer to launching a full-scale invasion of Taiwan.

The evidence cuts both ways.

On one hand, the scale and sophistication of Chinese military activity around Taiwan has grown noticeably, with drills emphasizing joint operations, rapid mobilization and isolation of the island. Beijing’s rhetoric has also hardened, portraying reunification as increasingly urgent and framing U.S. involvement as an existential threat.

On the other hand, an amphibious invasion of Taiwan would be among the most complex military operations in modern history, carrying enormous political, economic and military risks for China — whose armed forces have not fought a major war since its 1979 invasion of Vietnam.

Many defense analysts argue that Beijing has strong incentives to continue applying pressure through gray-zone tactics — cyber operations, economic coercion, legal warfare and military intimidation — rather than crossing the threshold into open war.

The December drills reinforced that view, highlighting blockade-style scenarios that could test Taiwan and its partners without immediately triggering a shooting war.

The road ahead

As 2026 approaches, the Taiwan Strait remains a flashpoint where deterrence and coercion are colliding more frequently and more visibly.

The most widely held assessment among U.S. and regional officials is that while the risk of conflict is rising — particularly as China approaches its 2027 military readiness goals — an invasion is not yet the most likely near-term outcome.

Instead, the danger lies in sustained pressure, miscalculation and crisis escalation, especially as more actors — from Japan to the Philippines — become directly implicated in the Taiwan equation.

For now, 2025 ends with no shots fired across the Taiwan Strait — but with fewer illusions about how close the region may be to its most serious test in decades.

This post appeared first on FOX NEWS

TORONTO, ON / ACCESS Newswire / December 31, 2025 / 55 North Mining Inc. (CSE:FFF,OTC:FFFNF)(FSE:6YF) (‘55 North‘ or the ‘Company‘) is pleased to announce the appointment of Wayne Parsons as Executive Chair of the Board, effective January 1, 2026.

Mr. Parsons brings over 20 years of experience in the investment business, having worked at BMO, RBC and most recently at National Bank Financial. He has since established a consulting practice focused on the mining sector and provides strategic advisory services to mining companies focused on capital markets strategy, financing execution and investor engagement. Mr. Parsons has served on a number of boards, most recently with Bunker Hill Mining Corp.

‘Wayne’s skills and experience are exactly what 55 North needs as we advance this project toward production,’ said Bruce Reid, Chief Executive Officer of 55 North Mining. ‘He is well connected globally and will be a tremendous help in connecting us with the right people to get this project financed. We met in the early days of Bunker Hill Mining, and when that project encountered challenges, Wayne stepped in, personally funded the recapitalization, and helped assemble the team to move it forward. His reputation will be highly valuable to our future success.’

The Company believes Mr. Parsons’ appointment significantly strengthens its leadership and positions 55 North to execute on its strategy of advancing the Last Hope Gold Project toward development and production.

About 55 North Mining Inc.

55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
bruce@mine2capital.ca

Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
cvl@tydewell.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of 55 North contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE: 55 North Mining Inc.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

 

Vancouver, British Columbia TheNewswire – December 31st, 2025 Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news release December 3, 2025, the Company has proceeded with an upsized closing (the ‘Closing’) of its previously announced non-brokered private placement of units of the Company (‘Units’) at an issue price of $0.10 per Unit (the ‘Private Placement’). The Closing consisted in the issuance of 2,940,000 Units for gross proceeds of $294,000.

‘With the exception of one investor, every subscriber in this last closing is a new shareholder of Prismo,’ said Alain Lambert CEO of Prismo. ‘Our immediate priority is to undertake our fully funded drill program, as previously announced. This drill campaign will focus primarily on the historic Silver King mine site and will be for a minimum of about 1,000 meters. The objective is 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.’

The Company previously announced the first closing of the Private Placement on November 12, 2025 for aggregate gross proceeds of $1,745,000 and a second closing of the Private Placement on December 2, 2025 for aggregate gross proceeds of $165,000. Due to strong investor demand, the Company has now raised aggregate gross proceeds of $2,204,000 through the sale of an aggregate of 22,040,000 Units.

Each Unit consists of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant of the Company (a ‘Warrant‘). Each Warrant entitles the holder to purchase one Share for a period of thirty-six (36) months from the date of issue at an exercise price of $0.175.

The Company intends to use the net proceeds of the Private Placement primarily for drilling at its Silver King project and for general corporate purposes. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary. The Company expects to accept additional subscriptions of Units from new shareholders in the coming days for an approximate amount of $75,000.

The Units issued pursuant to the Closing are subject to a four-month hold period from the closing date of the Closing under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

In connection with the Closing, the Company issued an aggregate of 185,200 finder’s warrants (the ‘Finder’s Warrants’) and paid finder’s commissions of $18,520 to a certain qualified finder. Each Finder’s Warrant is exercisable for a period of twenty-four (24) months from the date of issuance to purchase one Share at a price of $0.10. In addition, the Company paid a cash fee of $7,000 to a financial advisor.

The securities being issued in connection with the Closing have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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 Twitter, Facebook, LinkedIn, Instagram, and YouTube

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

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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; the intended use of any proceeds raised under the Closing; and the completion of an additional tranche.

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: the potential inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; the potential inability of the Company to complete an additional tranche on the terms disclosed, or at all; and those risks set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.com) under the Company’s issuer profile.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will use the proceeds of the Closing as currently anticipated and on the timeline currently expected; and that the Company will complete an additional tranche.

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.

 

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) is pleased to announce that it has settled an aggregate of $293,250 of indebtedness (the ‘Debts’) through (1) the issuance of an aggregate of 1,396,428 common shares of the Company at a deemed issuance price of $0.21 per share, of which 976,190 shares were issued to non-arm’s length creditors; and (2) the issuance of an aggregate of 420,238 common share purchase warrants entitling the holders to purchase an aggregate of 420,238 common shares of the Company at a price of $0.28 per share until December 31, 2028, none of which share purchase warrants were issued to non-arm’s length creditors. All common shares and share purchase warrants issued to settle the Debts will be subject to a hold period expiring May 1, 2026. Completion of the securities for debt transaction will allow the Company to improve its current working capital deficiency position.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers. Learn more at www.riosilverinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
President, Chief Executive Officer and a Director

To learn more or engage directly with the Company, please contact:

Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information: This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com