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Platinum-group metals (PGMs) include platinum, palladium, rhodium and other metals, all of which are prized for their durability, resistance to corrosion and excellent catalytic properties.

The automotive industry is the world’s largest consumer of these metals, which among other things are used in catalytic converters for vehicle exhaust systems. A rebound and continued growth in auto production is projected in the coming years, particularly in developing markets, and this should increase demand for PGMs, especially when it comes to platinum and palladium.

On the supply side, the platinum market slid into a significant deficit in 2024, which has extended into 2025 and is expected to continue into the next year. These fundamentals led platinum prices to a 12 year high of US$1,495 per ounce on September 23, 2025.

But where do platinum and palladium come from? The list of the world’s top palladium- and platinum-mining countries is a short one, and most PGMs come from South Africa and Russia. We dive into the miners, markets and regulations affecting the top PGM countries below, and you can also learn more about the companies mining these metals here.

Russia’s ongoing war in Ukraine and electricity shortages in South Africa are expected to seriously hamper the ability of these nations to bring PGMs to market.

So what other countries are platinum and palladium producers, and which countries hold the most platinum and palladium reserves? Below is a list of the five top producers in 2024, as per the latest data from the US Geological Survey.

1. South Africa

Platinum production: 120,000 kilograms
Palladium production: 72,000 kilograms
PGM reserves: 63 million kilograms

South Africa is top of the list of the world’s top platinum producers, with production of 120,000 kilograms in 2024. South Africa is also a major producer of palladium, taking second place globally with 72,000 kilograms last year. The country holds the largest-known reserves of PGMs globally at 63 million kilograms, accounting for over 75 percent of known global reserves.

According to the US Geological Survey, 2024 production of PGMs in South Africa ‘decreased compared with (74,900 kilograms) in 2023 owing to declining prices, higher costs associated with deep-level mining, labor disputes, and ongoing disruptions to the supply of electricity.’

The Bushveld complex is the largest PGMs resource in the world, and represents a large majority of annual global production of platinum and palladium. Impala Platinum Holdings (OTCQX:IMPUF,JSE:IMP), commonly called Implats, is a significant producer in the complex, which hosts the company’s Impala Rustenburg mine, Marula mine, Bafokeng and Two Rivers joint venture.

2. Russia

Platinum production: 18,000 kilograms
Palladium production: 75,000 kilograms
PGM reserves: 16 million kilograms

Despite being the world’s second biggest platinum-mining country, Russia’s annual production trails behind South Africa’s by a large margin, coming in at 18,000 kilograms for 2024. That said, Russia was the world’s top palladium producer in 2024, putting out 75,000 kilograms last year — 3,000 kilograms higher than South Africa’s output.

Russian mining company Norilsk Nickel (MCX:GMKN) is the world’s largest palladium producer, and it plans to invest US$35 billion in infrastructure upgrades between 2021 and 2030, which will ultimately result in higher metals output.

While Russia held its spot as the top palladium producer last year, its palladium production dropped significantly from 87,000 kilograms in 2023. The USGS attributed the drop to ‘disruptions from natural disasters, lower metal grades and ore recovery, ongoing issues related to the Russia-Ukraine conflict, and planned outages at a major metallurgical plant.’

3. Zimbabwe

Platinum production: 19,000 kilograms
Palladium production: 15,000 kilograms
PGM reserves: 1.2 million kilograms

Zimbabwe is a major producer of both platinum and palladium, producing 19,000 and 15,000 kilograms of the precious metals respectively in 2024. Zimplats Holdings (ASX:ZIM) is the biggest platinum miner in the country, and it is 87 percent owned by Implats.

In October 2022, Zimbabwe introduced a policy that allows it to stockpile physical metals, including PGMs. A change to the country’s existing cash royalties on miners, the rules require mining companies to instead pay the royalties based on their production in a 50/50 combination of cash and refined metals.

The policy currently applies to PGMs, gold, diamonds and lithium. However, it is dynamic, with the option to add or subtract affected metals and change royalty percentages based on factors such as geological scarcity and demand trends.

In January 2025, the Government of Zimbabwe officially implemented a 5 percent levy on unbeneficiated platinum exports, which it had postponed to allow mining companies time to build refining capacity.

In line with the government’s goal of adding value to the country’s platinum products, Zimplats has expanded its smelting capacity and is making slow progress on a US$190 million refurbishment of its mothballed base metals refinery to process PGM mattes into pure platinum metal concentrates.

4. Canada

Platinum production: 5,200 kilograms
Palladium production: 15,000 kilograms
PGM reserves: 310,000 kilograms

Canada’s strong palladium production of 15,000 kilograms tied with Zimbabwe to make it the third highest producer globally in 2024. Canada’s platinum production was also significant at 5,200 kilograms. The North American country’s palladium and platinum production were nearly both on par with the previous year.

The country only holds 310,000 kilograms of known PGMs reserves — the lowest total reserves on this list — but companies continue to explore for PGMs in Canada in search of more deposits.

Canadian PGMs production takes place mainly in the province of Ontario, but PGMs output also comes out of Québec and Manitoba. The country has one primary PGMs-producing mine, the Lac des Iles mine in Western Ontario, which is owned by Implats Canada. The remainder of the country’s production is as a by-product of Canada’s nickel mines.

5. United States

Platinum production: 2,000 kilograms
Palladium production: 8,000 kilograms
PGM reserves: 820,000 kilograms

The United States produced 8,000 kilograms of palladium in 2024 alongside 2,900 kilograms of platinum. The US holds 820,000 kilograms of identified PGM reserves.

Sibanye Stillwater’s (NYSE:SBSW,JSE:SSW) Stillwater Complex in Montana is the only primary producer of PGMs in the US. The company also maintains a smelter, refinery and laboratory in Montana and recovers PGMs from spent catalytic convertor material from vehicles.

Low palladium prices forced Sibanye Stillwater to curtail production and layoff about 700 employees at the Stillwater Complex in 2024. The company has pointed to Russia flooding the palladium market to depress prices.

In response, on July 30, 2025, Sibanye Stillwater and related industry participants filed antidumping and countervailing duty petitions with the US Department of Commerce and the US International Trade Commission (ITC) on imports of unwrought palladium from Russia.

On September 18, the ITC determined there is a reasonable indication the industry was ‘materially injured’ by the Russian imports, and commenced the final phase of investigations.

FAQs for investing in palladium and platinum

What is platinum?

Platinum is a precious metal that belongs to the platinum-group metals category. Platinum has a silverish-white hue and is represented by the symbol Pt and atomic number 78 on the periodic table of elements.

What is platinum used for?

Platinum has several uses, including playing a large role in the auto industry for its ability to reduce emissions. Additionally, platinum is in high demand for jewelry and as an investment metal.

Platinum is also benefiting from growing demand from the hydrogen fuel cell sector. The metal is a key catalyst in the process that converts hydrogen into electricity.

What is palladium metal?

Palladium fits into the precious metals category and is a PGM. It is represented by the symbol Pd and atomic number 46 on the periodic table of elements. Palladium has a silvery-white color and is prized for its rarity.

What is palladium used for?

The automotive sector is the primary end user of palladium. The metal is a key component in the catalytic convertors of internal combustion engine vehicles, where it is used to reduce emissions.

Like platinum, palladium is used in jewelry and valued as an investment. It has other smaller-scale uses, and is consumed in various ways by the medical and dental fields, among others.

What is the best way to invest in palladium?

While there is no single best way to investing in palladium, those interested in gaining exposure to this market have a variety of options. Investors who prefer more tangible assets can add physical palladium to their portfolios, including palladium bullion and coins. Palladium exchange-traded funds such as the Sprott Physical Platinum and Palladium Trust (ARCA:SPPP) and the Aberdeen Standard Physical Palladium Shares (ARCA:PALL) offer another route. Palladium-focused stocks are yet another option, with pure-play palladium miners including Sibanye-Stillwater and Impala Platinum Holdings.

Why are metals like gold, platinum and palladium so expensive?

Precious metal gold has long been valued as a form of currency and a store of wealth, all of which have built up its high intrinsic value. Platinum and palladium are 30 times rarer than gold, much harder to mine and are in high demand due to their important industrial uses.

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

This post appeared first on investingnews.com

It can be tempting for investors to focus on specific assets or strategies when building an investment portfolio, but those taking a long-term approach will want to diversify in order to balance out potential portfolio instability.

Gold has a reputation for being a reliable diversifier because it can act as a hedge against various risks.

For those unfamiliar with the term, put simply, a hedge is an investment position whose main purpose is to offset potential losses or gains related to another asset. But how does that work, and what’s the best way to get exposure to gold as a hedge?

Read on for a look at how this strategy works and why it’s worth considering.

In this article

    Why use gold investments as a hedge?

    Gold is looked at as a hedge investment in many different situations. The first and most popular use of gold as a source of protection is as a hedge against the decline of a currency, typically the US dollar. When the dollar slips, the yellow metal not only becomes less expensive to hold, but also tends to rise in value.

    “Gold’s relationship with the dollar is determined by US-based gold supply and demand, as well as by the status of the dollar as the reserve currency globally,” states the World Gold Council. “Historically, a weak dollar tends to provide a stronger boost to gold’s performance than the drag created by a strong dollar.”

    By holding the precious metal as a diversification tool when the economy negatively affects currencies, investors can incur gains from the metal’s increased value.

    The second reason why gold makes a good hedge is that it can act as a defense against inflation. When the cost of living begins to rise, the stock market often falls. In those cases, investors with assets that are negatively affected by a volatile market need something to balance that out — that’s where gold comes in.

    Over the past 50 years, investors have seen gold make huge gains when the stock market is crumbling. As Investopedia points out, “This is because, when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else.”

    Interestingly, the yellow metal has also been used as a hedge against deflation, which happens when prices drop, the economy is in a downturn and excessive debt looms. This situation has not occurred since the Great Depression of the 1930s, and to a much smaller degree after the 2008 financial crisis.

    Market participants may decide to hoard cash in this type of scenario, and the safest place to hold cash is in gold. Again, while this situation is not commonplace, many investors keep the yellow metal in their portfolios on the off chance that another massive period of deflation will take place.

    Finally, gold can be used as a general portfolio hedge when market participants hold investments that are not related to one another. Since the precious metal generally has a negative correlation to stocks, bonds and other financial instruments, investors often diversify by creating a portfolio that combines gold with stocks and bonds in order to reduce both volatility and risk.

    While it is true that the yellow metal goes through times of volatility, it has always maintained its value over the long term, making it a steady addition to investors’ portfolios.

    Those who have decided to add gold to their portfolio as a hedge have a variety of options. Here’s an overview of three of the most popular ways of getting exposure to gold.

    1. How to use physical gold as a hedge

    Investors can get the most direct exposure to gold by buying physical gold, and holding the physical metal also adds diversification from digital assets. Physical gold can be purchased through government mints, private mints, precious metals dealers and even jewelry stores.

    Physical gold investors should generally focus on 0.999 fine items, as these will also be the easiest to sell. The majority of gold bullion products fit this description.

    One of the most common choices for investors are gold bullion coins, such as the South African Krugerrand or the Canadian Gold Maple Leaf, which are 0.999 fine. The American Gold Eagle is reputable and popular as well, but has a lower purity at 91.67 percent. Another option is gold rounds, which are similar to coins, but are not legal tender, making them often slightly cheaper.

    Gold bars are another popular option, and because they come in a variety of sizes, they can accommodate a range of investors. Large investments may best be made in bars since bigger sizes are available. Further, it is often easier to manage several large products than it is to manage an array of smaller gold items.

    When deciding on what to purchase, gold buyers will want to keep their plans for selling in mind. For example, large products may be more difficult and thus slower to sell, meaning it could be harder to take advantage of gold price movements or convert it to cash in an emergency. Individuals making ongoing or significant investments may therefore want to consider purchasing gold in various weights to give them versatility.

    Click here to learn more about physical gold as an investment.

    Click here to learn what moves the gold price and the highest price for gold is.

    2. How to use gold ETFs as a hedge

    One of the common ways investors add gold as a hedge is through investing in a gold exchange-traded fund (ETF), which trade on a stock exchange just like equities. There are several kinds of gold ETFs, offering exposure to different aspects of the gold market. Gold ETFs can offer investors access to gold price movements by holding physical gold or the gold futures market through holding futures contracts. There are also gold ETFs focused on gold mining stocks, providing a more stable alternative to investing in individual gold stocks.

    It is important to keep in mind that investors who own gold ETFs do not own any physical gold — even gold ETFs that track physical gold generally cannot be redeemed for it, with the exception of the Vaneck Merk Gold ETF (ARCA:OUNZ). Nonetheless, gold ETFs are a good option for getting exposure to the precious metal without personally trading physical gold, gold futures or gold stocks.

    Click here for a list of five biggest gold ETFs and more information on gold ETFs.

    Click here for a list of top ASX-listed gold ETFs.

    3. How to use gold futures as a hedge

    A futures contract is an agreement to buy or sell gold on a date in the future for a price determined when the contract is initiated. In a gold futures transaction, two parties agree on a price, the amount of gold being purchased and the future delivery month.

    The futures market is often referred to as an arena for paper trading. The bulk of the activity is just that, as metal is not actually exchanged and settlements are made in cash. It allows investors to buy or sell gold as they want without management fees, and taxes are split between short-term and long-term capital gains.

    In some cases, the futures market can be an arena for purchasing physical gold. However, obtaining gold through the futures market requires a large investment and involves a list of additional costs. The process can be complicated, cumbersome and lengthy, which is why actually buying physical gold through futures is considered best for highly experienced market participants.

    Click here to learn more about gold futures.

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

    This post appeared first on investingnews.com

    Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever.

    Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could no longer ‘in good conscience’ remain an employee of the company and said the company had been ‘silenced.’

    He said the company’s values and campaigning work on ‘peace, justice, and human rights’ allowed it to be ‘more than just an ice cream company’ and said the independence to pursue this was guaranteed when Anglo-Dutch packaged food giant Unilever bought the brand in 2000 for $326 million.

    Cohen’s statement didn’t mention Israel’s ongoing military operation in Gaza, but Ben & Jerry’s has been outspoken on the treatment of Palestinians for years and in 2021 withdrew sales from Israeli settlements in what it called ‘Occupied Palestinian Territory.’

    Greenfield’s resignation comes five months after Ben & Jerry’s filed a lawsuit accusing Unilever of firing its chief executive, David Stever, over his support for the brand’s political activism. In November last year Ben & Jerry’s filed another lawsuit accusing Unilever of silencing its public statements in support of Palestinian refugees.

    ‘It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone,’ Greenfield said.

    ‘And it’s happening at a time when our country’s current administration is attacking civil rights, voting rights, the rights of immigrants, women, and the LGBTQ community,’ he added.

    Jerry Greenfield, left, and Bennett Cohen, the founders of Ben and Jerry’s founders, in Burlington, Vt., in 1987.Toby Talbot / AP file

    Richard Goldstein, the then president of Unilever Foods North America, said in a statement after the sale in 2000 that Unilever was ‘in an ideal position to bring the Ben & Jerry’s brand, values and socially responsible message to consumers worldwide.’

    But now Greenfield claims Ben & Jerry’s ‘has been silenced, sidelined for fear of upsetting those in power.’ He said he would carry on campaigning on social justice issues outside the company.

    The financial performance of the Ben & Jerry’s brand isn’t made public but Unilever’s ice cream division made 8.3 billion Euros ($9.8 billion) in revenue in 2024. Unilever is in the process of spinning off its ice cream division, however, into a separate entity which involves cutting some 7,500 jobs across its brands globally.

    Cohen and Greenfield founded the business in 1978 in Burlington, Vermont, where it is still based.

    NBC News has contacted Unilever for comment overnight but had not received any at the time of publication.

    This post appeared first on NBC NEWS

    The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

    How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

    While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

    From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

    New 52-Week Highs Finally Picking Up

    If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

    As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

    Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

    The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

    Trend Check: GoNoGo Still “Go”

    The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

    Active Bullish Patterns

    We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

    Failed Bearish Patterns

    In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

    The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

    We’ll continue to monitor these formations as they develop because, at some point, that will change.

    Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce that it’s Maiden drilling program at the La Union gold and silver Project in Sonora, Mexico, is progressing on track and on budget, with three of the five main targets now having some initial drilling and work continuing toward completion of the current program. This update follows the Company’s August 6, 2025 announcement marking the start of the program and August 19 and September 10 news releases chronicling the progress of the program.

    Saf Dhillon, President and Chief Executive Officer, states: ‘The maiden drill program has been indicating consistency with past mining, and targets are progressing with positive exploration drilling so far. The drilling is intersecting more quartzite than expected which is favorable for fracture-controlled mineralization. The property Operator, Riverside operations team is handling the current exploration program working with the local rancher and the drilling company to efficiently complete the first phase of this exploration program.’

    The first hole at the Union Mine target was drilled southeast beneath historic workings, cutting through the Clemente and Caborca formations-both key host units for past mining at Union as described in the filed NI 43-101 report on SEDAR+ by Questcorp Mining (https://www.sedarplus.ca/csa-party/records/document.html?id=48299afdea2a73385e0513ce830753e11ddf957ee61888b81d46e76fa281ac17).

    The hole ended in the Caborca Formation, encountering the distinctive microconglomeratic carbonate unit that historically hosted mineralization at the bottom of the Union Mine. Samples from this hole have been delivered to Bureau Veritas in Hermosillo, Sonora, for gold fire assay, with pulps to be sent to Vancouver, Canada, for ICP-MS analysis with 4-acid digestion to determine silver, base metal, and multi-element values. This consistent analytical approach has been applied since the outset of the Union program to ensure comparability across results.

    Drilling then moved to the northern part of the project, testing two target areas: the El Cobre Mine area and the North Union Mine area. Here, holes were oriented perpendicular to stratigraphy and toward interpreted feeder zones along pre-mineral fault structures, primarily within the Clemente Formation. Drilling in these areas has intersected more quartzite than initially modeled, with extensive hematitic oxides-an encouraging sign for potential gold mineralization, possibly linked to sulfides that have been oxidized through supergene weathering. Historic mining in the district targeted oxides only, leaving sulfide zones untested. Riverside plans to evaluate this potential beneath past workings across four target areas: Union Mine, El Cobre, North Union, and Famosa.

    The program has now moved south to the Famosa target, where two initial holes are planned to test beneath and along strike from historic workings toward a steeply west-dipping, north-south-trending fault structure, as well as into host rocks on either side of this major structural feature. Famosa produced gold historically, with reported grades exceeding ½ oz/ton Au in archived records referenced in the NI 43-101 report. The Company is encouraged by the target’s potential and is eager to advance drilling here.

    Once this initial campaign is completed, follow-up work will integrate assay results, ongoing surface programs, additional induced polarization (IP) surveys, and refined geological interpretations based on stratigraphy and structure observed in drilling. The greater-than-expected quartzite content in the Clemente Formation supports the evolving model of fracture- and quartz-pyrite veinlet-hosted gold mineralization, which will help sharpen targeting at the Union Project. Core from all drilling has been logged, saw-cut, and half-core samples sent for assay, with remaining halves retained for reference and cataloging.

    The Company looks forward to completing the Famosa drilling, receiving the pending assay results, and providing further updates as this program progresses.

    Figure 1. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. Riverside now controls all mineral tenures on this map. The drill program will focus on the Union Mine and areas north of the Union Mine with the initial drill work.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10197/267723_25b092fc440cbaba_001full.jpg

    Figure 2. Cross section looking west with conceptual drill targets and schematic drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC and in published NI 43-101 Report that Questcorp published 2025 on SEDAR+.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10197/267723_25b092fc440cbaba_002full.jpg

    Qualified Person & QA/QC:

    The technical content of 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.

    Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.

    About Questcorp Mining Inc.

    Questcorp Mining 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-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

    ON BEHALF OF THE BOARD OF DIRECTORS,

    Saf Dhillon
    President & CEO

    Questcorp Mining Inc.
    saf@questcorpmining.ca
    Tel. (604-484-3031)

    Suite 550, 800 West Pender Street
    Vancouver, British Columbia
    V6C 2V6.

    Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267723

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

    (TheNewswire)

    Vancouver, British Columbia, September 24th, 2025 TheNewswire – Prismo Metals Inc. (the ‘ Company ‘) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to report that it has received preliminary assay results for the first batch of twenty-three samples taken at its Silver King project located in Arizona. This assay data highlights the different types of mineralization identified in the Company’s news releases of August 28 th and September 15 th 2025 (Figure 1).

    ‘These assay results confirm the exploration potential at the Silver King project,’ said Dr. Craig Gibson, Chief Exploration Officer. ‘Three samples with silver values reported as greater than 200 g/t were taken from the Silver King mine dump and from the new polymetallic vein recognized in our recent exploration program. Samples with high copper values, that also exhibit important gold values, are largely from the replacement mineralization which is similar to the type of mineralization at the nearby Magma mine.’

    Several of the samples have reported values that are greater than the detection limit for the analytical method used. The analytical laboratory must re-analyze these samples by a different method, and the Company is expecting to receive these overlimit assays for silver, copper, lead and zinc within about two weeks. Upon receipt of the over limit assays Prismo will issue a further news release and use this information to help prioritize targets for the further exploration, including the upcoming drilling program. Additional samples, including samples from the Ripsey Mine are currently being analyzed and results are expected in the coming weeks.

    ‘Much of the focus of the exploration program to date has consisted of a property wide survey of historic mines and prospects surrounding the direct Silver King workings,’ said Gordon Aldcorn, President of Prismo’. This work has expanded our geological thinking and resulted in the recognition of several new types of mineralization at the project, providing additional targets for exploration. We are presenting the assay results for each of the exploration areas, namely the new mineralized veins (polymetallic and copper), stratigraphically controlled replacement mineralization and the area around the Silver Mine. Each of the areas will be prioritized for further exploration, including drilling.   The initial phase of Prismo exploration on the Silver King project confirmed the exploration potential in several areas. Our upcoming drill program is currently in the permitting stage and is anticipated to be advanced shortly.

    Figure 1 . Geologic and land map of the Silver King project showing newly described polymetallic vein in magenta (Ag-Pb-Zn), copper vein in green (Cu-Ag) and stratigraphically controlled replacement mineralization in red.  The strongly altered intrusion with stock work quartz-pyrite veining is indicated by the crosshatch.

    New Mineralized Veins (polymetallic and copper veins)

    As previously reported in Prismo s news release of August 28, 2025, the Company geologists identified two previously undescribed veins in the area surrounding the historic glory hole developed on the original exposure of high-grade silver at the Silver King deposit.  The assay results confirm the visual inspection and indicate that there are two distinct veins, one with abundant silver, lead and zinc and the other with copper and silver values.

    These veins provide additional exploration targets outside of the area of historic mine workings and may provide information on the controls to mineralization in the pipelike mineralized body.

    Sample

    Au g/t

    Ag g/t

    Cu %

    Pb %

    Zn %

    Sb ppm

    Bi ppm

    Ba ppm

    Hg ppm

    New polymetallic vein

    544509

    26

    0.02

    0.17

    0.07

    562

    0.1

    140

    0.14

    544510

    0.03

    >200

    >1.0

    >1.0

    >1.0

    7788

    0.3

    >10000

    12.84

    Cu vein

    544553

    0.005

    183

    0.31

    0.02

    0.03

    21.6

    0.5

    157

    0.18

    544554

    0.009

    198

    0.29

    0.01

    0.03

    24.5

    0.6

    92

    0.02

    544504

    44

    0.10

    0.01

    0.02

    396

    0.2

    524

    0.13

    Table 1. Assay results for selected samples from newly identified veins at the Silver King project.

    Stratigraphically Controlled Replacement Mineralization

    Several samples were taken along the stratigraphic horizon that hosts replacement and skarn mineralization in numerous small workings. Several samples assayed more than 1% copper and generally contain elevated gold values.

    Figure 2. Copper assays for samples taken at the Silver King project.

    The m ineralization in this area is similar to that at the Magma mine. It is exposed in several historic mine workings with abundant oxide copper minerals, mainly malachite . These were developed along a northeast dipping limestone horizon near the contact with a quartz diorite intrusion and quartzite . It is located along the same structural and stratigraphic trend of the Magma mine located 0.6 to 1.5 kilometers to the southwest. The largest occurrence, at the Black Diamond mine in the eastern portion of the claim block, was developed on a large outcrop of abundant specular hematite and malachite replacing a limestone bed (Fig. 2) .

    Table 2. Assay results for selected samples from the replacement area at the Silver King project.

    Sample

    Au g/t

    Ag g/t

    Cu %

    Pb %

    Zn %

    Sb ppm

    Bi ppm

    Ba ppm

    Hg ppm

    Cu replacement zone

    544501

    0.01

    3

    0.01

    0.03

    1.9

    0.4

    171

    0.13

    544502

    0.47

    7

    >1.0

    0.02

    0.8

    71.8

    30

    544505

    0.03

    5

    0.75

    0.01

    2.9

    3.2

    22

    0.05

    544507

    2.26

    25

    >1.0

    0.23

    0.4

    33.5

    12

    0.01

    544508

    0.73

    12

    >1.0

    0.28

    0.4

    29.1

    12

    0.03

    544552

    35

    0.14

    >1.0

    >1.0

    114

    0.5

    24

    2.11

    Figure 3 .  Map showing Silver King project and nearby mineral deposits. The Silver King deposit is located three kilometers from the Resolution Copper deposit (a joint venture between Rio Tinto and BHP) and the high-grade Magma mine, a former copper and silver producer.

    Around The Silver King Mine

    Two samples were taken of mineralized fragments from the dump around the Silver King workings.  Samples 544514 is composed of selected fragments of quartz vein material with variable amounts of sulfide minerals including stromeyerite (AgCuS), freibergite (CuAgSbS) and base metal sulfides.  Sample 544517 is composed of stockwork veins and breccia with about 50% wall rock fragments.  These two compositions are believed to represent the dominant types of mineralization that will be encountered in and adjacent to the pipelike Silver King mineralized body.

    Table 3. Assay results for selected samples from the Silver King mine.

    Sample

    Au g/t

    Ag g/t

    Cu %

    Pb %

    Zn %

    Sb ppm

    Bi ppm

    Ba ppm

    Hg ppm

    Silver King mine

    544514

    1.07

    >200

    0.59

    0.44

    0.63

    337

    3

    >10000

    1.7

    544517

    0.04

    >200

    0.09

    0.26

    0.43

    377

    0.2

    >10000

    15.66

    Several additional elements are important in characterizing the different types of mineralization.  The high silver in the Silver King mineralization is associated with gold, copper, lead, zinc and antimony as well as barium and mercury.  The copper replacement mineralization contains important gold along with bismuth.

    Figure 4. Silver assays for samples taken at the Silver King project.

    Figure 5 . Gold assay values for the Silver King exploration program.

    Sample

    Location

    Type/width (m)

    E WGS84

    N WGS84

    544501

    Black Diamond

    1.0

    492,698

    3,687,650

    544502

    Black Diamond

    Grab

    492,633

    3,687,623

    544504

    Collapsed shaft

    Dump

    492,217

    3,687,916

    544505

    Replacement zone

    0.75

    492,318

    3,687,521

    544507

    Replacement zone

    Dump

    492,054

    3,687,431

    544508

    Replacement zone

    0.7

    491,986

    3,687,334

    544509

    Polymetallic vein

    2.0

    491,833

    3,687,546

    544510

    Polymetallic vein

    Dump

    491,863

    3,687,565

    544514

    Silver King Mine

    Dump

    491,855

    3,687,907

    544517

    Silver King Mine

    Dump

    491,855

    3,687,907

    544552

    Replacement zone float

    Selected

    491,928

    3,688,043

    544553

    Silver King Mine

    0.4

    492,037

    3,687,881

    544554

    Silver King Mine

    0.4

    492,037

    3,687,881

    Table 4. Locations for samples mentioned in the text.

    Exploration Next Steps

    Prismo has submitted a plan of operations for the drill program with the Forest Service. The drill permit is expected by the end of October. A drill program is planned for Silver King, with a minimum of 1,000 meters initially. This first phase of the drill program is designed to test the upper half of the steeply dipping pipelike Silver King mineralized body as well as potentially mineralization adjacent to the dense stockwork that was the focus of historic mining.  Follow up drilling will expand on the initial program based on the results and also include separate targets outside of the historic mining area, such as the polymetallic vein mentioned above. The discovery of the two mineralized veins and porphyry style mineralization has resulted in Prismo evaluating a larger drill program to test those targets.

    QA/QC

    Samples were analyzed by SGS, an internationally recognized analytical lab, with preparation at the Tempe, Arizona facility and analyses at the Burnaby laboratory.  Prismo inserts controls samples consisting of standard pulps and coarse blanks in the sample stream for QA/QC purposes and also utilizes the labs internal control samples.

    Qualified Person

    Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release. The historic data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans. References to mineralization at the Magma Mine and Resolution Copper deposit is not necessarily indicative to the mineralization on the Silver King property.

    About the Silver King

    Discovered in 1875, the Silver King mine was one of Arizona s most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t.  The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world s largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . The unique land position is fully surrounded by Resolution Copper s claim block, offering strategic upside. Selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains.

    (1) https://resolutioncopper.com/about-us/

    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 , , , Instagram , and

    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

    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.

    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: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King.

    In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Silver King and the timing of such drilling campaign.

    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.

    Copyright (c) 2025 TheNewswire – All rights reserved.

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    Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever.

    Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could no longer ‘in good conscience’ remain an employee of the company and said the company had been ‘silenced.’

    He said the company’s values and campaigning work on ‘peace, justice, and human rights’ allowed it to be ‘more than just an ice cream company’ and said the independence to pursue this was guaranteed when Anglo-Dutch packaged food giant Unilever bought the brand in 2000 for $326 million.

    Cohen’s statement didn’t mention Israel’s ongoing military operation in Gaza, but Ben & Jerry’s has been outspoken on the treatment of Palestinians for years and in 2021 withdrew sales from Israeli settlements in what it called ‘Occupied Palestinian Territory.’

    Greenfield’s resignation comes five months after Ben & Jerry’s filed a lawsuit accusing Unilever of firing its chief executive, David Stever, over his support for the brand’s political activism. In November last year Ben & Jerry’s filed another lawsuit accusing Unilever of silencing its public statements in support of Palestinian refugees.

    ‘It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone,’ Greenfield said.

    ‘And it’s happening at a time when our country’s current administration is attacking civil rights, voting rights, the rights of immigrants, women, and the LGBTQ community,’ he added.

    Jerry Greenfield, left, and Bennett Cohen, the founders of Ben and Jerry’s founders, in Burlington, Vt., in 1987.Toby Talbot / AP file

    Richard Goldstein, the then president of Unilever Foods North America, said in a statement after the sale in 2000 that Unilever was ‘in an ideal position to bring the Ben & Jerry’s brand, values and socially responsible message to consumers worldwide.’

    But now Greenfield claims Ben & Jerry’s ‘has been silenced, sidelined for fear of upsetting those in power.’ He said he would carry on campaigning on social justice issues outside the company.

    The financial performance of the Ben & Jerry’s brand isn’t made public but Unilever’s ice cream division made 8.3 billion Euros ($9.8 billion) in revenue in 2024. Unilever is in the process of spinning off its ice cream division, however, into a separate entity which involves cutting some 7,500 jobs across its brands globally.

    Cohen and Greenfield founded the business in 1978 in Burlington, Vermont, where it is still based.

    NBC News has contacted Unilever for comment overnight but had not received any at the time of publication.

    This post appeared first on NBC NEWS

    The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

    How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

    While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

    From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

    New 52-Week Highs Finally Picking Up

    If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

    As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

    Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

    The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

    Trend Check: GoNoGo Still “Go”

    The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

    Active Bullish Patterns

    We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

    Failed Bearish Patterns

    In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

    The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

    We’ll continue to monitor these formations as they develop because, at some point, that will change.

    Mali’s military government has approved a fresh round of mining agreements under its revised code.

    On September 19, the country’s Council of Ministers ratified seven exploitation and exploration agreements.

    According to Reuters, the deals cover some of Mali’s biggest gold operations, including Allied Gold’s (TSX:AAUC,NYSE:AAUC) Sadiola project, B2Gold’s (TSX:BTO,NYSE:BTG) Fekola mine, Resolute Mining’s (ASX:RSG,LSE:RSG) Syama site and Ganfeng Lithium’s (OTC Pink:GNENF,HKEX:1772) Bougouni lithium project.

    The government said the agreements guarantee Mali a “non-reducible” stake in projects along with priority access to dividends, part of its drive to secure greater revenue from natural resources.

    The approvals follow preliminary accords reached last year and reflect the provisions of the 2023 mining code, which lifted royalties to 10 percent from 6.5 percent and increased mandatory state and local ownership in mines to at least 35 percent from 20 percent. Companies such as Endeavour Mining (TSX:EDV,LSE:EDV,OTCQX:EDVMF) have already signed deals on those terms, while Allied Gold, B2Gold and Ganfeng Lithium have not release any statements.

    Barrick Mining (TSX:ABX,NYSE:B), by contrast, has resisted the government’s demands and remains locked in a confrontation that has now spilled into courts and international arbitration.

    Tensions escalated in November 2024, when Malian authorities arrested four of the company’s employees, including a regional manager, on allegations of money laundering, terrorism financing and tax violations.

    A judge later granted bail set at 50 billion CFA francs (about US$90.3 million), but prosecutors appealed, keeping the employees in jail pending review by the Court of Appeal, Bloomberg reported. The arrests are widely seen as part of a protracted standoff over Barrick’s Loulo-Gounkoto complex, once the company’s largest African operation.

    Mali has pressed for a larger share of profits under the new mining code, while Barrick has resisted altering its existing arrangements. The dispute intensified this year when government forces twice removed bullion directly from the site.

    In January, officials seized 3 metric tons of gold and blocked exports, forcing Barrick to suspend operations.

    In July, military helicopters again landed unannounced at Loulo-Gounkoto and took more than a metric ton of gold, worth over US$117 million at prevailing prices, without company consent. Barrick has described the seizures as illegal and launched proceedings at the International Center for Settlement of Investment Disputes. The company also disputes the legitimacy of a provisional administrator installed at Loulo-Gounkoto following a local court order in June.

    Despite the tensions, Mali remains one of Africa’s top gold producers, with output from mines operated by foreign companies forming a backbone of state revenues.

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

    This post appeared first on investingnews.com

    Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce that it has been invited to Present on the Emerging Growth Conference Thursday September 25th, 2025.

    Questcorp invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation on the Emerging Growth Conference.

    The next Emerging Growth Conference is presenting on Thursday September 25th, 2025. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s President, CEO and Founding Director in real time.

    Mr. Dhillon will give a presentation and may subsequently open the floor for questions. Please submit your questions in advance to Questions@EmergingGrowth.com or ask your questions during the event and Mr. Dhillon will do his best to get through as many of them as possible.

    Questcorp Mining Inc. will be presenting at 12:00PM Eastern time for 30 minutes.

    Please register here to ensure you are able to attend the conference and receive any updates that are released.

    https://goto.webcasts.com/starthere.jsp?ei=1717091&tp_key=c78a55764a&sti=qqcmf

    If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference. We will release a link to that after the event.

    About the Emerging Growth Conference
    The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

    The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

    All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

    About Questcorp Mining Inc.

    Questcorp Mining 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-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

    ON BEHALF OF THE BOARD OF DIRECTORS,

    Saf Dhillon
    President & CEO

    Questcorp Mining Inc.
    saf@questcorpmining.ca
    Tel. (604-484-3031)

    Suite 550, 800 West Pender Street
    Vancouver, British Columbia
    V6C 2V6.

    Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267524

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