| July 7, 2025 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY), is pleased to provide shareholders with an update on exploration progress at the Union Gold-Silver Project in Sonora, Mexico. The project is under option to Questcorp Mining Inc. (“Questcorp”) who recently announced the commencement of their Phase 1 field program (see Questcorp release dated June 24, 2025). As part of the advancing exploration program, Riverside and Questcorp are lining up for the first-ever drill program at Union, which will follow up on new geophysical and geochemical surveys that have confirmed and refined high-priority mineral exploration Carbonate Replacement Deposit (CRD) targets for gold and base metals. The initial program will comprise over 1,500 metres of diamond drilling with possibly approximately 7 holes ranging from 150-350m per hole designed to test at least three historic mine areas including the Union, North Union, and Famosa zones. Historical records suggest these zones previously produced an estimated 50,000 ounces gold equivalent, primarily from shallow, inclined shafts exploiting mantos and chimney structures of gold-rich CRD-style systems summarized in the published National Instrument 43-101 technical report filed by Questcorp on Sedar+ May 7, 2025. “With drill targets now defined by first ever ground and airborne detailed geophysics, further supported by surface sampling, the Union Project is now entering an exciting new phase of exploration,” said John-Mark Staude, President & CEO of Riverside Resources. “This will be the first-ever drill program on a historically productive but underexplored system at Union and we believe there’s real potential for a meaningful discovery. We’re pleased to be working with the Questcorp team as both technical collaborators and significant shareholders, with our stake in Questcorp increasing potentially to 19.9% over time. It’s a strong alignment, and we’re excited to help unlock the value we believe this district holds.” Riverside has completed an initial Induced Polarization (IP) geophysics orientation line over the Union Mine, along with a second line over the Union North Mine. These surveys provide valuable conductivity and resistivity data, which can support a more extensive IP program following the upcoming drill campaign. The IP is successfully imaging key resistivity and chargeability features at depth to guide drill collar placement for some of the initial drill holes. The IP profiles correlate with mapped mineralized zones and former workings, helping refine the orientation and location of the planned drill pads. An airborne drone magnetic survey was completed over the property to provide structural context, follow up potential intrusive feeders and give information about pediments and potential faults beneath the post-mineral young cover units.  Figure 1: Cross section IP with interpreted structures and ltargets from Union new Induced Polarity geophysics survey.Ongoing surface geochemistry and mapping continues to strengthen the targeting pipeline, particularly across exposed gold-rich manto zones and along the margins of shallow post-mineral gravel cover. These efforts are focused on delineating the transition zones from covered to exposed mineralization and establishing structural controls that may influence ore continuity at depth. Mexico Portfolio Update: Riverside Resources has received formal notice from Fortuna Mining, via its Mexican subsidiary Monumental Minerals, that it has completed Phase 2 exploration work at the Cecilia Project in Sonora, Mexico and will not be proceeding with the option agreement. As a result, Fortuna has not earned any interest in the project. Per the termination terms, Fortuna will cover applicable project-related costs, including taxes and other expenses, for the next six months. Riverside now regains full control of the Cecilia Project and is free to advance the drill-ready targets developed to date or market the opportunity to new potential partners. Over the past year, exploration activities, including drilling, identified gold mineralization in multiple holes and defined several high-priority targets. Most recently, Riverside completed an additional C$300,000 in target advancement work through the existing agreement, which has further refined drill targets now ready for follow-up. Riverside maintains a strong portfolio of partner-funded projects across Mexico and Canada and is pleased to see continued momentum from its partners, including Questcorp, to unlock the potential of quality, earlier-stage assets like Union. Upcoming Rick Rule Investor Conference Attendance Riverside will be a sponsor at the Rule Symposium 2025, taking place from July 7 to July 11 in Boca Raton, Florida. The Company welcomes investors and stakeholders to visit us at Booth #30 or connect with us online to meet the team and hear more about ongoing initiatives, including the Union Project, the recent Blue Jay Gold spinout and other portfolio developments. We welcome any inquiries to info@rivres.com. Qualified Person & QA/QC: The scientific and technical data contained in this news release pertaining to the Union Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects. About Riverside Resources Inc.: Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet, no debt, and fewer than 75 million shares outstanding, supported by a robust portfolio of gold-silver and copper assets and royalties across 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. 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 Staude President, CEO Riverside Resources Inc.info@rivres.comPhone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.comEric Negraeff Investor Relations Riverside Resources Inc. Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.comCertain 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 risk that the Transaction will not be completed as contemplates, or at all, 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.  The Communications TeamRiverside Resources Inc. info@rivres.com Phone: (778) 327-6671 x 312 Toll Free: 1-877-RIV-RES1 (748-7371) Web: www.rivres.com |
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Proven ProbableCategory: Junior Mining
I don’ t agree with the financial terms, but the overall message is correct.
Categories
Copper Price, 1850-2025
Charted: Where the U.S. Gets Its Rare Earths From
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
China dominates the global supply of rare earth elements (REEs)—a group of 17 minerals vital to everything from smartphones and electric vehicles to guided missiles and satellites.
Between 2020 and 2023, China accounted for 70% of U.S. rare earth imports, making it by far the country’s top supplier. Malaysia, Japan, and Estonia round out the top four.
| Country | Share of U.S. Imports |
|---|---|
 China | 70% |
 Malaysia | 13% |
 Japan | 6% |
 Estonia | 5% |
| 🌐 Others | 6% |
This chart breaks down America’s rare earth import sources. The data comes from the U.S. Geological Survey, Mineral Commodity Summaries, as of January 2025, and Statista.
China’s Grip on Rare Earths
Despite their name, rare earths are relatively abundant in the Earth’s crust. The challenge lies in finding them in high enough concentrations—and processing them economically and sustainably.
China produces around 90% of the world’s refined rare earths and is home to the largest capacity for separation and purification, giving it a chokehold on global supply chains.
Take yttrium, for example—used in radar systems, lasers, and television screens. Between 2020 and 2023, 93% of all yttrium compounds imported into the U.S. came from China.
Other critical rare earths affected by this supply concentration include:
- Samarium
- Gadolinium
- Terbium
- Dysprosium
- Lutetium
- Scandium
Many of these elements are essential in military applications, electric motors, and next-gen electronics. Companies like Lockheed Martin, Tesla, and Apple rely on these materials in their core products.
Tariffs, Tensions, and Export Controls
As part of its response to Donald Trump’s new tariffs on Chinese goods, China recently expanded export restrictions on seven rare earth elements, temporarily suspending overseas shipments of the minerals.
The U.S. currently has only one rare earth mine: the Mountain Pass mine in California. While it’s one of the richest rare earth deposits globally, nearly all of the ore extracted there is still shipped to China for final processing.
To diversify away from Chinese dependence, the U.S. has been actively seeking new supply partnerships. One potential opportunity is in Ukraine, which holds Europe’s largest recoverable rare earth reserves. Currently, the Trump administration is working to close a deal to secure access to these untapped resources.
Source: https://elements.visualcapitalist.com/charted-where-the-u-s-gets-its-rare-earths-from/
From the offices of Jayant Bhandari:
The program for the next seminar on 23rd August 2025 is linked here.
This is a friendly reminder that seats for Friday dinner with Albert Lu are limited. Only the first eighty people who register will be invited. Of course, the price of the ticket will increase as the event date approaches.
If you are already registered, I will email you in two weeks to ask if you will be attending the Friday dinner with Albert Lu.
You may use coupon code PPC2025 for a 10% discount.
While I quite liked our usual room for the seminar, we had audio problems there. So, the new location will be a couple of blocks away. Please make a note of the seminar room location from the webpage.
The playlists of all the past Capitalism & Morality seminars are linked here.
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(Bloomberg) — Platinum surged to its highest level since 2014 as supply concerns and a wave of speculative buying jolted the market.
The precious metal surged as much as 4.6%, while palladium was up more than 5% at one point. Gold edged higher as investors waited for clearer signs that Israel-Iran tensions won’t spill over again, and for more certainty on the Federal Reserve’s interest rate path.
“The recent surge in Chinese investment and jewelry replacement is shining a spotlight on platinum’s supply deficit,” said Justin Lin, an analyst at Global X ETFs. “Palladium and platinum are intrinsically linked as they can be substituted for one another for use in autocatalysts depending on relative prices, so we can expect some positive momentum in palladium off of platinum’s rally.”
The dominant platinum spot market in London and Zurich has shown signs of tightness for months, after approximately half a million ounces surged into US warehouses, spurred by a lucrative arbitrage and fear of tariffs.
Forward prices for platinum are now trading well below spot, a situation known as backwardation, which indicates tight market conditions. The implied cost of borrowing the metal is also still high, at an annualized rate of roughly 13% for a one-month lease, well above the usual rate of close to zero.
Platinum surged 3.4% to $1,400.75 an ounce as of 11:25 a.m. in London and palladium jumped 2.4% to $1,093.46. Gold rose 0.2% to $3,339.20 and silver added 1%. The Bloomberg Dollar Spot Index declined 0.5%.
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Vancouver, British Columbia–(Newsfile Corp. – June 24, 2025) – Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the “Company” or “Questcorp“) is pleased to announce the commencement of the first phase work program at its La Union carbonate replacement deposit (CRD) project, located in Sonora, Mexico. Questcorp is earning a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.
The initial stages of phase one will concentrate on finalizing the location of drill targets and drill pads for the upcoming drill program. Field activities are underway and include:
- Establishment of 5 to 6 one kilometre picket lines for IP surveying which commenced on Monday. The IP lines are being run over the heart of some of the past mining areas which continue to be known expansive target areas to help evaluate further potential, possible most favorable zones and assist to model the larger context for the upcoming drill holes. This work further de-risks the up-coming first pass drill holes.
- Sampling of limestone and dolomite host rocks across the mineralization from country rock through to the heart of mineralization for Black Light analysis and alteration vector modeling. The objective is to use the changes or variance in fluorescence to map alteration patterns to vector into the heart of the manto and chimney plumbing systems.
- Geological mapping of drill collar sites and section lines particularly along the surface of the IP lines to help develop the most accurate interpretations of the IP data for drill hole planning.
- Rock and soil sampling of peripheral areas to identify additional targets including study of the stratigraphy for understanding and context with the many mineralization showings on the large district holding.
“We are extremely pleased to initiate the fully funded first phase work program at La Union,” commented Questcorp President & CEO Saf Dhillon. “We are first concentrating on de-risking the upcoming 1,500 metre drill program scheduled for mid to late Q3 through alteration mapping and IP geophysics,” he continued. “Under the technical expertise of John-Mark Staude and the Riverside team we are confident we are maximizing every exploration dollar being invested at La Union,” he concluded.
Riverside Resources Inc. President & CEO John-Mark Staude stated “The work program is going well, I have been in the field this past week with the exploration team and pleased to see the safe, high quality focus of good work and diving into careful review of the planned drill sites and now the IP program is underway. It is great to work with Saf, Tim and the entire Questcorp organization.”
The La Union Project
The La Union Project is a carbonate replacement deposit (“CRD“) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled “NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico” dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.
Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.
Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.
The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Questcorp Mining Inc.
Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.
Contact Information
Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and 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 statements, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256556
Central banks around the world have dumped $48 billion in Treasuries since late March alone. At the same time, central banks keep buying gold, continuing a trend that began years earlier.
A recent survey from the World Gold Council found that geopolitical instability and potential trade conflicts are chief reasons why central banks in emerging economies are shifting toward gold at a much faster rate than those in advanced economies.
BofA estimated the central banks’ gold holdings are now equivalent to just under 18% of outstanding U.S. public debt, up from 13% a decade ago.
“That tally should be a warning for US policymakers. Ongoing apprehension over trade and US fiscal deficits may well divert more central bank purchases away from US Treasuries to gold,” analysts warned.
Meanwhile, the market still doesn’t appear to be overexposed to gold. BofA estimated that investors have allocated just 3.5% of their portfolios to gold.
And regardless of how Congress ends up rewriting the budget bill, analysts said deficits will remain elevated.
“Therefore, market concerns over fiscal sustainability are unlikely to fade no matter the result of Senate negotiations,” BofA predicted. “Rates volatility and a weaker USD should then keep gold supported, especially if the US Treasury or the Fed are ultimately forced to step in and support markets.”
This story was originally featured on Fortune.com
