Category: Precious Metals

Burlington, Ontario–(Newsfile Corp. – March 10, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (‘SBMI’ or ‘the Company’) announces its presence in the Metaverse, allowing users to learn about SBMI while enjoying a rich fun immersive experience. To the best of its research, SBMI is the first mining company to be there.

“We are always looking for ways to enrich our communications with the shareholders,” said A. John Carter, SBMI’s CEO. “Being first in the metaverse allows us to engage differently with a larger demographic.”

SBMI’s three worlds can be found here:

https://www.oculus.com/vr/4926980984085649/

https://www.oculus.com/vr/4904122299682803/

https://www.oculus.com/vr/4865898440129797/

In October 2021, Facebook Inc. changed its name to Meta, to reflect its commitment to this environment. Quoting from Meta’s October 28, 2021 press release, “Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.”

To access the metaverse a user must currently use smart glasses or a headset and hand controls to walk, pick up things, push buttons and carry out other virtual actions. Facebook’s parent company, Meta, has advised that it intends to soon release a version of its world-building software that will not require a headset or smart glasses. This will expand the metaverse’s reach, and SBMI’s worlds, to all internet users around the globe.

SBMI’s worlds were designed and built by Shaxon Enterprises Inc. of Burlington, Ontario. According to Donald Shaxon, CEO, “I’m impressed with SBMI’s forward thinking. They have staked an early claim to the next real means of communication. To me, a parallel can be drawn to the mid-1990s after HTML was formally published and Marc Andreeson then used it to co-create Mosaic, the first user-friendly web browser. Then the web exploded. That’s where we are in the metaverse.”

It was SBMI’s intention that its worlds be released in conjunction with the world-famous PDAC (aka “The Mining Show”) in early March, 2022. However, that conference has been moved to June, 2022 due to health and safety protocols. SBMI has decided to go live with its worlds now instead of waiting.

As SBMI’s advances its mining projects, its worlds will be updated to integrate those advances.

For further information on SBMI, please contact:

John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843

Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232

For further information on Shaxon Enterprises Inc., please contact:
Donald Shaxon
don@shaxon.ca
+1 (289) 697-8625

Cautionary and Forward-Looking Statements

This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116283

View Report Here:

https://platinuminvestment.com/files/541296/WPIC_Platinum_Quarterly_Q4_2021.pdf

Today we publish our thirtieth Platinum Quarterly data set, which examines activity in the fourth quarter and full year 2021. It also includes an updated forecast for 2022. Independent analysis is provided by our research partner, Metals Focus. The Foreword to the report provides an overview of supply and demand developments in the platinum market, as well as our view on issues and trends relevant to considering exposure to platinum as an investment asset. Key data from the report, which can be downloaded here, are highlighted below: Platinum surplus of 1,232 koz in 2021 forecast to reduce by 47% in 2022 as COVID-related and operational disruptions gradually settle.Increase in supply in 2021 forecast to plateau in 2022, as last of semi-finished material overhang is processedSignificant rises in automotive (+11%), industrial (+27%), and jewellery (+5%) demand in 2021 set to remain strong in 2022Fall in investment demand from historic highs of 2020 brought overall demand down in 2021. Bar and coin demand is expected to increase by 29% (+97 koz) this yearImports into China, significantly above identified demand, absorb full 2021 surplus, with ongoing tightened conditions in the platinum bullion marketCOVID-related factors and operational disruptions played out particularly during the second half of 2021, having a huge impact on both the supply of and demand for platinum. Despite significant demand growth in most sectors, strong supply levels – boosted by a production surge from the accelerated processing of the backlog of semi-finished material – combined with the reduction in NYMEX stocks and net negative ETF demand saw a platinum surplus of 1,232 koz, with total platinum supply increasing by 21% and total demand decreasing by 9% year-on-year. As these issues normalise in 2022, this surplus is forecast to reduce in 2022 to 652 koz, as demand increases 7% (+520 koz), while supply declines 1% (-61 koz). While global economic growth in 2021 surprised to the upside and was expected to stay strong in 2022, with the IMF projecting a growth rate of 4.4%, the consequences of the Russian invasion of Ukraine are difficult to predict at this juncture. However, early indications are that supply disruption of palladium from Russia may well enhance platinum demand. We hope you find this quarter’s report supportive to your efforts to assess and better understand the platinum market, and ultimately make better informed investment decisions.

Kind regards Paul Wilson Chief Executive Officer www.platinuminvestment.com World Platinum Investment Council Ltd is registered in England and Wales. Registration Number 9301487. The WPIC does not offer investment advice and the material contained herein is provided for general information only. Any information contained in this email is subject to the terms and conditions as found on our website www.platinuminvestment.com

Copyright © 2022 The World Platinum Investment Council, All rights reserved. You are receiving this email because you opted in. Registered and mailing address is: The World Platinum Investment CouncilFoxglove House166 PiccadillyLondon, W1J 9EFUnited Kingdom

President Joe Biden on Wednesday will officially sign an executive order directing agencies to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide approach to regulating digital assets.

The long-awaited order lays out a national policy for digital assets across priorities, including, consumer and investor protection, financial stability, illicit finance, maintaining U.S. leadership in the global financial system and financial inclusion.

The move was originally expected last month, a source previously told Yahoo Finance, but the timetable was derailed by the ongoing Russia-Ukraine crisis. In early Wednesday dealings, Bitcoin (BTC-USD) and other digital coins were higher, tracking stocks in tenuous trading.

“We need to be clear-eyed that earlier forms of financial innovation have ended up hurting American families, while making a small group of people very rich, which underscores the need for robust consumer protection,” said a senior administration official.

The order will direct the U.S. Treasury to lead a report on a CBDC, in consultation with the Departments of Justice, State, Commerce, Homeland Security, Office of Management and Budget and Director of National Intelligence, to analyze whether a digital dollar is sound policy for the U.S. to pursue.

The administration is looking at CBDC pros and cons, as the U.S. looks to maintain the dollar’s central role in the international global financial system.

The White House supports the Federal Reserve’s efforts to explore a CBDC. In January the Fed issued a white paper exploring the pros and cons of issuing a digital dollar, while the Boston Fed is studying the mechanics of designing one best suited for use in the U.S. economy, should officials pursue one.

The DOJ is also tasked with determining whether a new law is needed to issue a CBDC, something China has already done with its digital yuan. Fed Chair Jay Powell has said Congress would need to authorize the central bank to issue a similar token.

“China might have been the first large, industrialized nation to launch a CBDC with the digital yuan, but it will not be the last. Far from it,” noted deVere Group’s Nigel Green.

“Indeed, the U.S. now appears to be playing ‘catch up,’” he said, calling digital currencies “are an inevitability in the ever more digital world that we live in.”

Laying the foundation

Meanwhile, the Office of Science Technology Policy will do an analysis of the technical aspects of a CBDC, and work with the Environmental Protection Agency on analysis of the environmental impact of digital assets.

The order also directs Treasury Secretary Janet Yellen, along with other agencies, to produce a report on the future of money and payment systems, and include the potential impact on economic and financial growth, inclusion and national security.

Treasury is also tasked with leading a report in consultation with federal banking regulators – along with the FTC, SEC and CFTC – on what measures to take to protect consumers, investors and businesses. Recently, a wave of fraud, theft, and cyberattacks of crypto assets have left investors holding the bag.

The Financial Stability Oversight Council (FSOC), created after the 2008 financial crisis to monitor risks to the system, will be asked to study what systemic risks digital assets pose to the financial system, with a focus on runs and what can be done to prevent them. The President’s Working Group on Financial Markets has already tasked the FSOC with looking into systemic risks of stablecoins.

The government will also work on coordinating crypto regulations internationally to prevent gaps in regulatory supervision, ensure compliance across jurisdictions, and guard against arbitrage in crypto cross border.

Senior administration officials say the insufficiency of international implementation of anti-money laundering networks and frameworks is the greatest vulnerability of the crypto ecosystem, which criminals are exploiting.

While there are suspicions crypto could be used to evade sanctions on Russia, the White House insists crypto is not a viable workaround for those penalties. The administration is continuing to take action started before Russia’s invasion, including under law enforcement and existing Treasury authority, as part of the U.S. anti-ransomware strategy that’s been underway for several months.

The EO also seeks to push innovation and promote U.S. economic competitiveness and leadership in the global financial system by directing Commerce to work across the government to create a crypto competitiveness framework.

Cryptocurrencies have exploded in growth, topping $3 trillion in market cap last November, up from $14 billion just five years prior, but recent volatility in the sector has shaved that figure to under $2 trillion. Surveys suggest that around 16% of American adults – approximately 40 million people – have invested in, traded, or used cryptocurrencies.

Studies will last 90-180 days on average. After the studies are complete, the Treasury will collect the information and then make recommendations on what to do next.

While the president’s order won’t make actual policy yet, it’s a step towards offering clarity for the crypto industry, which is starving for rules of the road and is disrupting the banking industry and global payment system.

The president’s executive order comes after the President’s Working Group on Financial Markets – composed of all major financial regulatory agencies – tasked Congress with coming up with a new regulatory framework to oversee stablecoins while recommending that only banks should be allowed to issue stablecoins. Stablecoins, a variety of cryptocurrencies, are tied in value to a fiat currency like the U.S. dollar or Euro to counter volatility.

At the same time, the Securities and Exchange Commission and Commodities Futures Trading Commission are looking at how to regulate crypto and whether the digital tokens should be classified as securities or commodities, though no formal rules have been proposed.

Members of Congress are slowly putting forth or soon expected to put forth legislation to regulate cryptocurrencies, though none yet appears to have a chance of being signed into law this year.

Source: https://finance.yahoo.com/news/biden-set-to-sign-widely-awaited-order-for-crypto-study-111134906.html?.tsrc=fin-notif