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FMR Resources Limited (ASX:FMR) (FMR or Company) is pleased to announce it has entered into a conditional Binding Term Sheet giving it the right to earn up to a 60% interest in a highly prospective copper-gold-molybdenite project in central Chile (Transaction). The Company will joint venture (JV) into selected tenements (the JV Tenements or Concessions) within the Llahuin Project (Llahuin or the Project) held by Southern Hemisphere Mining Ltd (SUH) which overlie the Southern Porphyry Target. Highlights Large Cu-Au-Mo porphyry target untested at depth Coincidental datasets suggest substantial copper porphyry system Shallow historic drilling confirms porphyry mineralisation above target Drilling of targets to commence early Q4 2025 Oliver Kiddie joins FMR as Managing Director Firm commitments received for $2.2m capital raising at $0.16 through a placement to existing and new sophisticated investors Mark Creasy to join the FMR register as major shareholder The Southern Porphyry JV gives FMR exposure to…

For the past month Chinese aircraft carrier strike groups have been operating further from home shores and in greater strength than ever before, testing state-of-the-art technology and sending a message they are a force to be reckoned with, analysts and officials say. Since early May, a People’s Liberation Army Navy (PLAN) flotilla led by the carrier Shandong has conducted exercises north of the Philippines; its newest carrier, the soon-to-be commissioned Fujian, has been on sea trials in disputed waters west of the Korean Peninsula; and its oldest carrier, the Liaoning has led exercises in the Pacific waters of Japan’s exclusive economic zone. During the drills the Fujian for the first time conducted aircraft take-off and landing operations at sea using its advanced electromagnetic catapult system (EMALS), regional defense officials said. That’s a significant development. Only one other carrier in the world has that system – the US Navy’s newest carrier,…

As an unprecedented Israeli attack on Iran last week sparks a spiraling conflict between the two enemy states, China has seen an opportunity to cast itself as potential peace broker – and an alternative voice to the United States. Chinese Foreign Minister Wang Yi took up this mission over the weekend, speaking with both his Iranian and Israeli counterparts in separate phone calls, where Wang decried the attack that sparked latest conflict and telegraphed China’s offer to “play a constructive role” in its resolution. “China explicitly condemns Israel’s violation of Iran’s sovereignty, security and territorial integrity … (and) supports Iran in safeguarding its national sovereignty, defending its legitimate rights and interests,” Wang said in a call Saturday with Iranian Foreign Minister Seyed Abbas Araghchi, according to Beijing’s official readout. China’s self-described “explicit” opposition to Israel’s attack stands in sharp contrast to the country’s response to Russia’s invasion of Ukraine –…

This Time Technology Beats Financials After a week of no changes, we’re back with renewed sector movements, and it’s another round of leapfrogging. This week, technology has muscled its way back into the top five sectors at the expense of financials, highlighting the ongoing volatility in the market. Communication Services and Consumer Staples have swapped places since last week, while Technology has entered at number five, pushing Financials down to sixth. The remaining sectors from seven to eleven remain unchanged. This constant shuffling is a clear indicator of the market’s indecision. Imho, such volatility usually doesn’t accompany a sustainable trend, and that’s precisely what’s hurting trend-following models right now. (1) Industrials – (XLI) (2) Utilities – (XLU) (4) Communication Services – (XLC)* (3) Consumer Staples – (XLP)* (6) Technology – (XLK)* (5) Financials – (XLF)* (7) Real-Estate – (XLRE) (8) Materials – (XLB) (9) Consumer Discretionary – (XLY) (10) Healthcare…

U.S. President Donald Trump said on Friday that concerns over national security risks posed by Nippon Steel’s $14.9 billion bid for U.S. Steel can be resolved if the companies fulfill certain conditions that his administration has laid out, paving the way for the deal’s approval. Shares of U.S. Steel rose 3.5% on the news in after-the-bell trading as investors bet the deal was close to done. Trump, in an executive order, said conditions for resolving the national security concerns would be laid out in an agreement, without providing details. “I additionally find that the threatened impairment to the national security of the United States arising as a result of the Proposed Transaction can be adequately mitigated if the conditions set forth in section 3 of this order are met,” Trump said in the order, which was released by the White House. The companies thanked Trump in a news release, saying…

On a recent evening in Kyiv, 4-year-old Olexander Reshetnik made a simple suggestion to his parents: “Let’s go to the parking garage now so we can sleep properly, and you don’t have to wake us up twice to take us there and back.” The family lives on the 18th floor of a high-rise building and getting into the underground garage that doubles as a bomb shelter during Russian attacks is an uncomfortable experience. With aerial attacks becoming more common, it made sense to Oleksander to simply stay there. Even at his young age, he knew the Russians would likely attack again. His mother Khrystyna Reshetnik said the family has gotten used to seeing drones being shot down in the skies over Ukraine’s capital. In days gone by there would be one or two, maybe three, but things have changed. Russia has ramped up its airborne attacks against Ukraine in recent…

French President Emmanuel Macron is due to land in Greenland Sunday, in a move designed to bolster European support for the Danish territory, which is still batting away advances from the Trump administration to acquire it for the United States. Macron will be the first foreign leader to visit the resource-rich island since US President Donald Trump began his campaign to buy or annex Greenland, which he insists the US needs for national security purposes. A source at the Élysée Palace said that the French president’s trip had a “dimension of European solidarity and one of strengthening sovereignty and territorial integrity,” without mentioning the Trump administration’s threats to purchase Greenland, or take it by force. Additionally, Macron’s visit would focus on Arctic security, climate change and Greenland’s economic development, the source added. During his time on the world’s biggest island the French leader will tour a glacier, a hydroelectric power…

An attempt to break out of a month-long consolidation fizzled out as the Nifty declined and returned inside the trading zone it had created for itself. Over the past five sessions, the markets consolidated just above the upper edge of the trading zone; however, this failed to result in a breakout as the markets suffered a corrective retracement. The trading range stayed wider on anticipated lines; the Index oscillated in a 749-point range over the past week. The volatility rose; the India Vix climbed 3.08% to 15.08 on a weekly basis. The headline Index closed with a net weekly loss of 284.45 points (-1.14%). We have a fresh set of geopolitical tensions to deal with Israel attacking Iran. The global equity markets are likely to remain affected, and India will be no exception to this. Having said this, the Indian markets are relatively stronger than their peers and are likely…

Investor Insight A Canadian exploration company poised for discovery, Bold Ventures is focused on the exploration and development of high-potential precious and battery minerals projects in tier 1 jurisdictions in Canada. Overview Bold Ventures (TSXV:BOL) is a Canadian mineral exploration company focusing on battery, critical and precious metals located in Northern Ontario and Quebec. The company’s asset portfolio demonstrates its focus on these commodities to create consistent value with gold and meet the growing demand for battery and critical metals. Bold Ventures’ key projects are located within three active regions throughout Ontario: Thunder Bay West, Wawa West and the Ring of Fire camp located in the James Bay Lowlands. The Thunder Bay properties host gold and copper mineralization, while the Wawa and Ring of Fire properties have copper, gold, and chromium mineralization with additional potential for zinc, nickel, silver and PGE mineralization. The newly added Springpole East gold and Joutel…

A new report released on Wednesday (June 11) by Canada’s Climate Institute suggests Canada risks missing out on a C$12 billion market for critical minerals should the government not enact policy to drive investment in Canada’s mining sector. The report outlines a growing need for minerals like copper, cobalt, lithium, nickel, graphite and rare earths, all of which are found in Canada. These critical minerals are all used to produce goods needed for the energy transition, from photovoltaics to electric vehicles. Overall, to meet this demand, the mining sector will require an estimated US$480 billion to US$750 billion in investment globally. To remain competitive, the institute suggests Canada will need to generate between C$30 billion and $65 billion in investments in upstream projects between now and 2040. To reduce investor risk and ensure Canada and local communities see a net benefit, the report makes several suggestions aimed at different levels…