Contact Us
https://www.scoutdiscoveries.com
Curtis L. Johnson
President & CEO
Phone: 1 (208) 551-3878
email: info@scoutdiscoveries.com
4224 W. Industrial Loop,
Proven ProbableCategory: Junior Mining
DOGE leader says American people ‘have a right to see their gold’
Tesla CEO and Department of Government Efficiency (DOGE) head Elon Musk on Sunday voiced his support for setting up a livestream of Fort Knox and its gold reserves.
In response to a question about Musk checking on the gold at Fort Knox, the billionaire said he thought it “would be awesome to livestream Fort Knox.”
Fort Knox’s U.S. Bullion Depository is one of several places across the country where the U.S. government keeps its gold reserves. It is located in Kentucky.
Elon Musk speaks during a town hall in Green Bay, Wis., on March 30, 2025. (ROBIN LEGRAND/AFP via Getty Images)
“I mean, that would be really fun. And after all, it is actually the gold of the American people, so the American people, it seems to me, have a right to see their gold,” he said.
ELON MUSK’S DOGE PREPARES TO AUDIT US GOLD RESERVES AT FORT KNOX AFTER URGING BY SEN RAND PAUL
“Hopefully, it looks really cool. You know, open the doors like, ‘Is it there? Is that really gold? Let’s check.’ Maybe it’ll be really interesting,” he continued.
The entrance to Fort Knox is seen on May 31, 2021. (Jon Cherry/Getty Images)
Musk said he was “all for it” and that President Donald Trump “says he’s interested in doing it, so hopefully it happens.”
Conspiracy theories about the status of Fort Knox’s gold have been rampant on social media, and Musk and Trump have also speculated about whether the bullion remains present at the highly secure depository, saying it needs to be confirmed.
TRUMP BACKS CONFIRMING FORT KNOX GOLD IS THERE AS TREASURY SAYS IT IS
“Who is confirming that gold wasn’t stolen from Fort Knox?” the DOGE head wrote on social media in mid-February, speculating that “maybe it’s there, maybe it’s not.”
Musk has weighed in on a Fort Knox livestream several times in recent weeks.
In mid-February, for instance, he said on X that it “would be so cool to do a live video walkthrough of Fort Knox.” He has also said the “ratings on a live broadcast of Fort Knox would be” two fire emojis.
Both current and former Treasury secretaries have said the gold was present at Fort Knox.
Treasury Secretary Scott Bessent said in a February interview with journalist Dan O’Donnell that “we do an audit every year, so the audit that ended the year Sept. 30, 2024, all the gold is present and accounted for.”
Treasury Secretary Scott Bessent speaks to reporters outside the White House on March 13, 2025. (Andrew Harnik/Getty Images)
In August 2017, Steven Mnuchin, who served as Treasury secretary in Trump’s first administration, took a trip to Fort Knox, according to the U.S. Mint’s website. Then-Kentucky Gov. Matt Bevin and members of Congress accompanied him.
“The gold was there when I visited it. I hope nobody’s moved it. I’m sure they haven’t,” Mnuchin told CNBC last month. “I was the first Treasury secretary to go there in, I think, over 50 years. There’s very serious security protocols in place, obviously, to protect the gold that I can’t talk about. But we went, we saw it, and if President Trump wants it to be audited, that’s obviously something that can be easily done.”
At the time of his Fort Knox visit, he posted on then-Twitter, “Thanks to @usmint staff for hosting at #FortKnox #USBD. First @USTreasury Secretary to visit since John Snyder in 1948. Glad gold is safe!”
The United States Bullion Depository is shown at Fort Knox. (Luke Sharrett/Getty Images/File)
Fort Knox is home to 147.3 million fine troy ounces of gold bullion in deep storage, according to data published by the Treasury Department in late February.
HOW MUCH GOLD RESERVES DOES THE UNITED STATES HOLD?
That represented a “book value” of $6.2 billion. However, based on the price of the precious metal as of Tuesday, Fort Knox’s gold is worth more than $459.2 billion.
The U.S. Mint said on a webpage dedicated to the U.S. Bullion Depository at Fort Knox that the “only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits,” and other than that, no gold “has been transferred to or from the Depository for many years.”
Overall, the U.S. Treasury has nearly 261.5 million troy ounces of gold bullion and gold coins “across various U.S. Treasury-maintained locations” in late February, the department reported.
Michael Dorgan, Bailee Hill and Eric Revell contributed to this report.
Bob Moriarty
Archives
Apr 2, 2025
The recent record high price for gold tells us war approaches. The roll-over for the stock market and cryptocurrencies tells us the debt based Western Financial system is in the process of crashing.
At times the price for gold acts like a thermometer for geopolitical events. Gold says we are going to war.
Israel and its wholly owned pet poodle, DJT, are about to launch a massive attack on Iran based on the fiction that Iran is seconds away from possessing a nuclear weapon. Since Israel possesses some 200-400 nuclear weapons and is not in compliance with the Non-Proliferation Treaty they certainly don’t want anyone else in the neighborhood to be able to defend themselves.
Israel’s control of so many WMD is not actually a problem for the US because the Symington Amendment prevents the US from providing military or economic aid to countries who do not comply with the regulations of the IAEA. Israel does not comply with the NNPT or the IAEA but you will be pleased to know that Iran is in compliance with both the NNPT and the IAEA in all aspects.
We know the status of Iran’s nuclear weapons program for two important reasons. (1) The top US government official responsible for all our 18 intelligence agencies went on record a long time ago saying, “Iran is not building a nuclear weapon.”
No, sorry. I was mistaken. It was last week.
The 2nd proof of Iran’s nuclear weapons program is the statement by Benjamin Netanyahu in 1992 that Iran was on the verge of having nuclear weapons. Since Netanyahu is one of the top three liars in Israel, we know Iran has no nuclear weapons program.
Iran is not the enemy of the United States. Iran is supported by both Russian and China. Any attack on Iran will be responded to. Given Iran’s 100% successful attacks on Israel in 2024, I think Iran can destroy Israel all by itself but it does have backup.
Iran has no nuclear weapons program. Israel is the only country in the Middle-East controlling nuclear WMD.
But just for a moment let’s pretend the seven B-2 Bombers located on Diego Garcia backed up by nine KC-135 refueling aircraft and numerous C-17 support aircraft, an attack submarine and two aircraft carriers launch a surprise nuclear strike on Iran taking the country totally off guard and murdering 99% of Iranians.
If a girl scout troop with fifteen 12-year-old girls survived but were equipped with three BB guns, two slingshots and a bow and arrow they could close the 39 km wide Strait of Hormuz. 25% of the world’s oil and a third of the world’s LNG passes through that passageway.
A girl scout troop could drive the price of oil $300-$400 a barrel overnight. That would stop the world’s economy in its tracks.
Anything worth doing is worth doing right. Anything not worth doing is not worth doing.
If some group of religious fanatics wanted to destroy the world so they could take over, they would try to attack Iran in the next couple of weeks.
They will lose.
###
Bob Moriarty
President: 321gold
Archives
321gold Ltd
http://www.321gold.com/editorials/moriarty/moriarty040225.html
SPOKANE, Wash.–(BUSINESS WIRE)–HyperSciences, Inc., a leader in advanced hypersonic propulsion and projectile technologies, has been awarded a $1.7M Phase 2 SBIR (Small Business Industry Research) contract with the U.S. Department of Defense as a follow-on to its 2018-2019 NASA SBIR Phase 1 contract. This new contract further develops the company’s revolutionary hypersonic launch system for aerospace applications. This award marks a critical milestone in the company’s growth beyond industrial applications into national defense and space launch, reinforcing its role in next-generation hypersonic capabilities.
From Industrial Innovation to National Security
Originally commercialized for high-speed drilling in industrial mining and tunneling utilizing high speed impact, HyperSciences’ proprietary ram accelerator technology was recognized by NASA in 2018 for its potential to scale up the technology for repetitive suborbital hypersonic testing and hypersonic boosted orbital payload launches with a Phase 1 SBIR award titled: “Low Cost Nano and Micro Satellite Launch Stage and Automated Hypersonic Test Platform.”
The ability to launch payloads without a first-stage rocket boost is expected to provide a cost-effective, reusable alternative to traditional rocket launch methods, eliminating expensive, risky, toxic propellants and enabling rapid, repeatable launches. These capabilities make it particularly well-suited for applications requiring high launch cadence and cost efficiency.
As the US and its allies seek to enhance hypersonic capabilities, HyperSciences created General Hypersonics, Inc. as an initially wholly owned subsidiary in 2024 to focus on national security and space applications. HyperSciences, the parent company, due to its previous NASA Phase 1 and readily available equipment and staff, is responsible for executing this Phase 2 sub-scale capability demonstrator. The government appreciates the dual-use that research and development of a high speed, low-cost commercial-industrial approach brings to government use cases. After delivery of Phase 2 results, HyperSciences plans for future government contracts to occur within subsidiary General Hypersonics, Inc..
This initiative aligns with US and its armed forces’ national security strategies, which designate hypersonics as critical to a multi-domain defense system. Despite billions of dollars spent in recent U.S. investments in hypersonic technology, current conventional rocket-based solutions remain costly and complex with gaps in needed capabilities. HyperSciences’ low-cost, reusable launch platform provides a scalable alternative designed for missile defense testing, intelligence and surveillance operations, and next-generation capabilities.
Advancing U.S. Hypersonic and Space Capabilities
“This testing and development contract further validates our cutting-edge technology and positions us at the forefront of hypersonic innovation,” said Mark Russell, CEO and Founder of HyperSciences and General Hypersonics. “Our system offers a revolutionary approach to hypersonic launch—one that is not only low-cost and reusable but also adaptable for a variety of missions across industrial, defense, and space sectors. By drastically reducing launch costs and infrastructure requirements, we are enabling the U.S. to deploy hypersonic systems from land or sea at a fraction of today’s costs.”
HyperSciences’ technology directly supports the U.S. hypersonic strategic approach, prioritizing cost-effective and rapid hypersonic development. The platform technology is also designed to enable high-cadence, low-cost space access, serving both government and commercial partners. By bridging the gap between hypersonic defense and responsive space launch, HyperSciences and General Hypersonics are redefining the future of national security and global launch capabilities.
For more information, visit https://generalhypersonics.com/
Contacts
2311 E Main Ave, Ste 200, Spokane, WA 99202
(509) 443-5746
info@hypersciences.com
Vancouver, British Columbia–(Newsfile Corp. – April 1, 2025) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company“), is pleased to announce that the spin-out of its subsidiary, Blue Jay Gold Corp. (“Blue Jay”), has been approved by shareholders and is now moving forward, with completion potentially expected in May or June of this year. This news follows the plan and actions announced in the Company’s press release dated February 28, 2025, at its annual and special meeting of shareholders held on March 31, 2025 (the “Meeting“), shareholders approved the previously announced plan of arrangement (the “Arrangement“) under the Business Corporations Act (British Columbia) (the “BCBCA“) involving the spin-out of its equity interest in its subsidiary, Blue Jay Gold Corp.
The Arrangement was approved by over 99% of votes cast by shareholders of Riverside (the “Riverside Shareholders“) at the Meeting. Upon completion of the Arrangement, Riverside Shareholders will receive 1/5 of a Blue Jay common share (the “Blue Jay Shares“) for each common share of Riverside held, resulting in shareholders owning shares in two public companies:
- Riverside, which will continue to focus on its royalty generation and project generator model targeting gold, copper, and rare earth elements in the Americas, and
- Blue Jay, which will pursue exploration and development of the Pichette-Clist, Oakes and Duc Gold Projects located in northwestern Ontario.
“We are very pleased with the strong shareholder support for the spin-out of Blue Jay, which reflects the confidence in Riverside’s strategy to unlock value through focused project generation and royalties,” said John-Mark Staude, President and CEO of Riverside. “This transaction enables both companies to sharpen their strategic priorities, and we’re excited to see Blue Jay carry forward the Ontario gold assets while Riverside continues to advance its copper, gold, and critical metals portfolio in the Americas.”
“We’re thrilled to launch Blue Jay as a fresh, compelling gold exploration business in one of Canada’s most proven and mining-friendly jurisdictions,” added Geordie Mark, President and CEO of Blue Jay. “Our flagship projects are located in northwestern Ontario, a region that has been producing gold for decades and is home to established infrastructure and major operating gold mines; both past and present. With strong community support, a clean share structure, and a highly prospective land package near active production, Blue Jay offers investors early exposure to a focused exploration company with significant discovery potential.”
John-Mark Staude, CEO of Riverside Resources, and Geordie Mark, CEO of Blue Jay Gold, would like to express their appreciation to shareholders for their support of the spin-out. Click this video LINK where both executives share their enthusiasm for the road ahead and reaffirm their commitment to driving value for shareholders through focused execution and exploration.
All other matters presented to shareholders at the Meeting were also approved, including the receipt of the audited financial statements for the fiscal year ended September 30, 2024, setting the number of directors at five, the election of John-Mark Staude, James Clare, Walter Henry, James Ladner and Bryan Wilson to its board of directors for the ensuing year, the re-appointment of Davidson & Company LLP as auditor and authorization for the directors to fix the auditor’s remuneration, and the re-approval of Riverside’s rolling stock option plan. The special resolution approving the Arrangement pursuant to Section 288 of the BCBCA was virtually unanimously approved by 99.992% of the votes cast by Riverside Shareholders present in person or represented by proxy at the Meeting.
Subject to final court approval and satisfaction of customary closing conditions, including conditional listing approval by the TSX Venture Exchange (the “TSXV“) for the Blue Jay Shares, the transaction is expected to be completed in Q2 2025.
Riverside believes that the Arrangement will enhance shareholder value by allowing both Riverside and Blue Jay to pursue focused strategies aligned with their respective assets. Following the transaction, Blue Jay will have its own dedicated management team and capital structure to accelerate exploration of the Ontario properties, while Riverside will continue to advance its portfolio of gold, copper, and rare earth projects through partnerships and royalties.
The Blue Jay Shares are expected to be listed on the TSXV following completion of the Arrangement. Additional details about the Arrangement are included in the Company’s management information circular dated February 18, 2025, available on Riverside’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at www.rivres.com.
About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:
| John-Mark StaudePresident, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com | Eric NegraeffInvestor RelationsRiverside Resources Inc. Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com |
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246840
Vancouver, British Columbia–(Newsfile Corp. – April 1, 2025) – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) (“Emperor“) Emperor Metals has retained APEX Geoscience Ltd. (“APEX“) of Edmonton, AB, as independent geological consultants to conduct a Maiden Mineral Resource Estimate (“MMRE“) for the Duquesne West Gold Project. The MMRE will integrate historic drilling data, Emperor’s 2023 and 2024 drilling data, previously unsampled historical core sample results, and Artificial Intelligence (“A.I.“) assisted modeling to produce an updated resource estimate. The review will be overseen by Warren Black, P.Geo., Principal and Consultant at APEX, and will begin immediately.
APEX is a privately-owned, independent geological consulting company that provides high quality, cost effective and timely geological consulting services to exploration companies, government, and non-government organizations. APEX has experience in all aspects of the mineral exploration industry from initial assessment and NI 43-101 reporting through to mining including the identification and outlining of resources. They specialize in managing large mine site and exploration databases, digital capture and evaluation of historical datasets, and combining rigorous geostatistical analysis with modern geological, geochemical, and drill datasets to create concise 3D models that result in identification and potential expansion of resources.
CEO John Florek Commented: “We are thrilled to engage APEX for this initial MMRE for Emperor. Our 2023 and 2024 work on the property must be viewed in the context of the new conceptual open-pit model we’ve developed. We have consistently demonstrated that Emperor’s drilling enhances the property by adding valuable intercepts that could potentially expand the resource. Having delivered our proof of concept, we are excited to further grow this MMRE through additional drilling, as we are still in the early stages of the project.”
Emperor’s focus in 2024 was on near-surface drilling for potential open-pit mining, Emperor aims to expand its resource base by including lower grades in the conceptual open-pit environment compared to higher grades in an underground mining scenario. This potentially allows Emperor to add ounces more rapidly to the resource. Deposits in the region with currently active open pits have been producing gold economically at grades above 0.30 g/t Au (see Agnico Eagles press release dated Feb 15, 2024 – Detour Lake Deposit cut-off grade, pg. 52.)
Emperor is targeting a multi-million-ounce resource, utilizing a combination of conceptual open-pit and underground mining scenarios. There is no guarantee that further exploration will define a current resource. The Property currently hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au1,2. The historical mineral resource estimate predates modern Canadian Institute of Mining and Metallurgy (“CIM“) guidelines and a Qualified Person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. Emperor is committed to delivering updated and current Mineral Resource Estimate in Early Q2 of 2025.
Strategic Plan
The 2024 drilling campaign at Emperor’s Duquesne West Gold Project in Quebec continues to identify extensive low-grade bulk tonnage zones surrounding the previously known high grade areas. These latest results further solidify the project’s potential and underscore the company’s commitment to unlocking substantial value for its shareholders.
The 2024 season leverages advanced exploration techniques to test several scenarios to add ounces and/or expand the footprint. The reader should be aware that further work is required without any guarantee that success will be realized.
- Explore Lower Grade Discoveries: Target additional discoveries within the host rock containing high-grade gold lenses, focusing on the conceptual open-pit model.
- Increase the Thickness of the High-Grade Lenses: Incorporate previously unaccounted for lower-grade gold from the margins of high-grade lenses to enhance their overall thickness.
- Expand Mineralized Zones: Extend the lateral footprint of mineralized zones along strike and dip.
- Discover New Zones: Explore potential new zones not yet included in the conceptual open-pit model, with a particular focus on eastward expansion.
About the Duquesne West Gold Project
The Duquesne West Gold Property is located 32 km northwest of the city of Rouyn-Noranda and 10 km east of the town of Duparquet, Quebec, Canada. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi Greenstone Belt in the Superior Province.
Under an Option Agreement, Emperor agreed to acquire a 100% interest in a mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet Township of Quebec (the “Duquesne West Property“) from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc. For further information on the Duquesne West Property and Option Agreement, see Emperor’s press release dated Oct. 12, 2022, available on SEDAR+. The Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au.12 The historical mineral resource estimate predates modern Canadian Institute of Mining and Metallurgy (“CIM“) guidelines and a Qualified Person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. The gold system remains open for resource identification and expansion.
A reinterpretation of the existing geological model was created using AI and Machine Learning. This model shows the opportunity for additional discovery of ounces by revealing gold trends unknown to previous workers and the potential to expand the resource along significant gold- endowed structural zones.
Multiple scenarios exist to expand additional resources which include:
- Underground High-Grade Gold.
- Open Pit Bulk Tonnage Gold.
- Underground Bulk Tonnage Gold.
QP Disclosure
The technical content for the Duquesne West Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person pursuant to CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and an employee and officer of the company.
About Emperor Metals Inc.
Emperor Metals Inc. is a high-grade gold exploration and development junior mining company focused on Quebec’s Southern Abitibi Greenstone Belt, leveraging AI-driven exploration techniques. The company is dedicated to unlocking the substantial resource potential of the Duquesne West Gold Project and the Lac Pelletier Project both situated in this Tier 1 mining district.
The company is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value. For more information, please refer to SEDAR+ (www.sedarplus.ca), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “John Florek”
John Florek, M.Sc., P.Geol
President, CEO and Director
Emperor Metals Inc.
Contact
John Florek
President/CEO
T: (807) 228-3531
E: johnf@emperormetals.com
Alex Horsley
Director
T: (778) 323-3058
E: alexh@emperormetals.com
Website: www.emperormetals.com
The Canadian Securities Exchange has not approved nor disapproved the
content of this press release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that the actual results will meet management’s expectations. Forward-Looking statements and information may be identified by such terms as “anticipates,” “believes,” “targets,” “estimates,” “plans,” “expects,” “may,” “will,” “could” or “would.”
Forward-Looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
1 Watts, Griffis, and McOuat Consulting Geologists and Engineers, Oct. 20, 2011, Technical Report and Mineral Resource Estimate Update for the Duquesne-Ottoman Property, Quebec, Canada, for XMet Inc.
2 Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011 is considered historical in nature as it was constructed prior to the most recent CIM standards (2014) and guidelines (2019) for mineral resources. In addition, the economic factors used to demonstrate reasonable prospects of eventual economic extraction for the MRE have changed since 2011. A qualified person has not done sufficient work to consider the MRE as a current MRE. Emperor is not treating the historical MRE as a current mineral resource. The reader is cautioned not to treat it, or any part of it, as a current mineral resource.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246878
Vancouver, British Columbia–(Newsfile Corp. – March 31, 2025) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the “Company” or “EMX“) is pleased to announce that pursuant to its equity incentive plan, it has granted incentive stock options (“Options“), restricted share units (“RSUs“) with performance criteria, RSUs with no performance criteria, and deferred share units (“DSUs“) to certain officers, directors, employees, and consultants of the Company as follows:
- Granted an aggregate of 840,500 Options to officers, directors, employees and consultants of the Company. The options are exercisable at a price of C$2.92 per share for a period of five (5) years.
- Granted an aggregate of 483,000 RSUs with performance criteria. These RSUs have a 3-year cliff vesting provision and have been granted to officers, directors, and certain employees, subject to any applicable stock exchange approvals and vesting requirements. Each RSU with performance criteria will entitle the holder to acquire, for nil cost, between zero and 1.5 common shares of the Company, subject to the achievement of performance conditions relating to the Company’s total shareholder return, and certain operational milestones.
- Granted an aggregate of 358,000 RSUs with no performance criteria to officers, directors, employees and consultants, subject to any applicable stock exchange approvals and vesting requirements. These RSUs will vest in 3 equal tranches over a 3-year period with the first, second and third tranches vesting on the first, second and third anniversaries of the date of the grant, respectively. Each RSU with no performance criteria entitles the holder to acquire, for nil cost, one common share of the Company.
- Granted an aggregate of 116,000 cash-settled DSUs to independent directors, which will be redeemable upon the retirement, resignation or replacement of a director.
All securities issued to officers and directors of the Company will be subject to restrictions on resale for a period four-months-and-one-day following the original issuance of such securities, in accordance with the policies of the TSX Venture Exchange.
About EMX – EMX is a precious, and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”. Please see www.EMXroyalty.com for more information.
For further information contact:
| David M. Cole President and CEO Phone: (303) 973-8585 Dave@EMXroyalty.com | Stefan Wenger Chief Financial Officer Phone: (303) 973-8585 SWenger@EMXroyalty.com | Isabel Belger Investor Relations Phone: +49 178 4909039 IBelger@EMXroyalty.com |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246771
On March 31, 1984 an American ex-Vietnam war fighter-pilot Bob Moriarty flies a Beechcraft Bonanza under the Eiffel Tower…capturing the flight from both inside the plane and from the ground! Later, he says he did just for fun!
Company Update
Monday, 31 March 2025 07:30 AM
Company well positioned to capitalize on Trump administration’s pro-energy regulatory landscape
TULSA, OK AND VANCOUVER, BC / ACCESS Newswire / March 31, 2025 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC:JROOF)(FRA:JLM) (“Jericho”, “JEV” or the “Company”) is pleased to announce the launch of its innovative Modular Data Center venture, utilizing natural gas assets and infrastructure as the foundation for the development of advanced, technology-driven AI computing solutions for the AI era.
JEV’s management believes the Company is ideally positioned to capitalize on the Trump administration’s pro-energy and pro-development regulatory landscape by leveraging its strategic partnerships, robust infrastructure, prime acreage in Oklahoma’s storied energy corridor, and abundant availability of cost-effective natural gas to power data centers.
Jericho’s Modular Data Center business will be overseen from its Tulsa, Oklahoma regional office, where the Company’s oil and gas joint venture currently owns and operates approximately 40,000 acres of productive land.
By converting its natural gas into long-term reliable on-site power, JEV intends to offer secure, modular, latest and next-generation computing infrastructure tailored for AI applications – enhancing efficiency, reducing waste, and strengthening energy resilience.
In conjunction with this initiative, Jericho will renew its focus on maximizing and developing its traditional energy assets to drive significant production growth.
Brian Williamson, CEO of Jericho, stated: “We are taking a page from the playbook of our industry leaders, utilizing our natural gas and infrastructure as a means to fuel modular AI computing solutions. We believe this unlocks a transformative growth opportunity. By aligning our energy resources with the booming demand for modular AI computing infrastructure, we aim to boost revenue and elevate shareholder value through an innovative, sustainable approach.”
“In addition to utilizing natural gas assets to power our modular AI centers, we will work with our local utilities and cooperatives to provide redundant cost-effective power solutions to ensure high availability. We also see the pathway where we can leverage our energy transition assets, offering customers a lower-carbon hydrogen fuel solution for their AI compute.”
A McKinsey & Company report from October 24, 2024, stated that demand for AI-ready data centers offers many opportunities for companies and investors across the value chain, and projects that global data center demand could grow 19-22% annually from 2023 to 2030, reaching 171-219 gigawatts (GW). In a less likely scenario, demand could surge 27% to 298 GW-far exceeding today’s 60 GW. To prevent a supply shortfall, double the capacity built since 2000 would need to be constructed in under a quarter of the time.
Global investment in U.S. data centers is surging. On January 7, 2025, Dubai-based DAMAC Properties announced plans to invest an initial $20 billion into data centers tailored for AI and cloud computing, with the first phase of the project planned to take place in Oklahoma, Texas, Louisiana, Ohio, Illinois, and Indiana.
About Jericho Energy Ventures
Jericho is an energy company positioned to meet today’s energy demand as well as the energy transition; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen. Jericho owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production. Through its wholly owned subsidiary, Hydrogen Technologies, Jericho delivers breakthrough, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. Etna Solutions, Inc., majority owned by JEV, is developing a patent-pending, high-temperature, low-cost alkaline-based electrolyzer system. We also hold a strategic investment and board position in California Catalysts (formerly H2U Technologies), a leading developer of advanced materials for electrolysis.
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CONTACT:
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
Email: investorrelations@jerichoenergyventures.com
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements“) within the meaning of applicable securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho’s control. Forward-looking statements are frequently characterized by words such as ”plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will” or “may not” occur. Specifically, this news release contains forward-looking statements relating to, among others, the completion of its new Modular Data Centers initiative launch and successful supplier and customer adoption.
Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include, but are not limited to: regulatory changes; changes to the definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects, energy storage, carbon capture and new energy systems; changes in government environmental objectives or plans; and the other factors described in Jericho’s public filings available at www.sedarplus.ca.
The forward-looking statements contained herein are based on certain key expectations and assumptions of Jericho concerning anticipated financial performance, business prospects, strategies, regulatory regimes, the sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on acceptable terms, expansion of consumer adoption of the Company’s (or its subsidiaries’) technologies and products, all of which are subject to change based on market conditions, potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations are reasonable based on information currently available to management, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on forward-looking statements.
Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking statements that are contained or referenced herein, except as required by applicable securities laws.
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SOURCE: Jericho Energy Ventures Inc.
China’s overseas mining investment under its Belt and Road Initiative (BRI) hit another peak last year at $21.4 billion, as the government continues to place heavy emphasis on raw materials for the energy transition, according to a report published by Australia’s Griffith Asia Institute (GAI) in collaboration with the Green Finance & Development Center (GFDC) of China.
Launched in 2013, the BRI represents a massive global infrastructure development strategy adopted by the Chinese government to boost its trade, economic growth and regional influence. To date, China’s BRI spending has crossed $1.1 trillion, with the funds going towards key sectors such as mining, energy and transportation in partnership with 149 countries.
In 2024, mining maintained its status as a major area of focus under the initiative, accounting for 17.6% of last year’s total BRI-related investments, behind only energy’s 32.5%, GAI’s report shows. However, compared to the year before, when mining investment more than doubled to a then record of $19.4 billion, the sector’s share in 2024 is slightly down (from 21% in 2023).
Regionally, China’s engagement has been strong in various African countries, Bolivia and Chile in Latin America, and Indonesia, the report shows.
According to GAI, China already holds significant shares of global mining sources (over 80% of global graphite resources), and even more control in material processing (where across lithium, nickel, cobalt and graphite, China owns more than 50% of global capacity).
GAI’s report also notes that that Chinese firms are increasingly prioritizing equity investments in mining despite the high risks, while those in the energy sector mostly prefer to do construction deals, which are safer as they’re backed by financial institutions. Hence, construction deals have represented a larger share of BRI-related engagements, and in 2024, became much more abundant across every region except South Asia.
Like mining, China’s clean energy (solar, wind, hydropower) investments under the BRI also reached a record high of $11.8 billion. According to GAI’s estimates, this represents about 30% of last year’s total energy spend, which was the highest since 2017. The country also remained a large investor in fossil fuels (coal, oil and gas) abroad, led by a resurgence of coal mining, processing facilities and pipeline projects.
Looking ahead, GAI expects a further expansion of BRI investments and construction contracts in 2025, given the “clear need” to support the green energy transition in both China and in BRI countries. This, as it points out, provides continued opportunities for mining and minerals processing deals, technology deals and green energy — which China now refers to as the “New Three”.