The far-right Party for Freedom (PVV) is leaving the Netherlands’ government, toppling the governing coalition, its leader Geert Wilders said on Tuesday.
Wilders, who is not himself part of government, presented the cabinet with an ultimatum last week to strengthen its asylum policy.
“No signature for our asylum plans,” he posted on X on Tuesday. “PVV is leaving the coalition.”
This is a developing story and will be updated.
Palestinians on their way to receive aid from a distribution site in southern Gaza have come under fire for a third consecutive day, with nearly 30 people killed and dozens wounded, according to the Palestinian Ministry of Health and Nasser hospital.
The ministry said Israeli forces opened fire on Palestinians as they made their way to the distribution site in Tel al-Sultan in Rafah early Tuesday.
The Israeli military said its forces opened fire multiple times after identifying “several suspects moving toward them, deviating from the designated access routes.”
“The troops carried out warning fire, and after the suspects failed to retreat, additional shots were directed near a few individual suspects who advanced toward the troops,” the Israel Defense Forces (IDF) said in a statement, which also said they are looking into reports of casualties.
At least 27 people were killed and dozens injured, according to the Palestinian health ministry and the director of Nasser hospital in Gaza.
The firing occurred west of Rafah in the area surrounding the Al-Alam roundabout, according to paramedics from the Palestine Red Crescent Society, near the same location as shooting incidents the last two days.
Early Tuesday morning, a Facebook page which the controversial US- and Israel-backed Gaza Humanitarian Foundation (GHF) has used to publicize information about the opening of distribution sites said one location would be open in southern Gaza and warned residents to adhere to a designated corridor starting at 5 a.m.
“The IDF will be in the area to secure the safe passage,” the statement said.
The incident marks the third day in a row that people have been killed on their way to the GHF distribution point west of Rafah while attempting to secure food as famine conditions worsen in Gaza following an 11-week blockade by Israel.
Three Palestinians were shot dead and dozens wounded as they were on their way to access aid from the site on Monday morning, Palestinian and hospital authorities said. The Israel Defense Forces (IDF) said that Israeli forces fired warning shots approximately a kilometer from the aid distribution site and that it was looking into the details of the incident.
On Sunday, dozens of Palestinians were shot dead by the Israeli military in the same area, according to Palestinian officials and eyewitnesses. Israel’s military denied that its troops fired “within or near” the aid distribution site.
Palestinian officials said 31 people had been killed and scores wounded in Sunday’s incident. An Israeli military source acknowledged that Israeli forces fired toward individuals about one kilometer (1093 yards) away before the aid site opened.
This is a developing story and will be updated.
Earnings season may be winding down, but a few standout names could still make headlines this week. If you’re looking for potential moves, keep an eye on these three stocks — Dollar Tree, Inc. (DLTR), CrowdStrike Holdings, Inc. (CRWD), and Broadcom, Inc. (AVGO).
Each of these names is at a pretty interesting inflection point right now. It might be worth waiting to see how things play out before making any big bets.
Dollar Tree (DLTR) broke out of a long-term downtrend and, as of the last quarter, is back above key moving averages. Many of the beaten-down discount chains, such as Five Below (FIVE) and Dollar General (DG), have started to reverse major downtrends. This week, we will see if earnings momentum can keep going, as DLTR stock has rallied 21% year-to-date.
Investors will be looking for insight into how DLTR is navigating the transition after the $1 billion Family Dollar sale (yes, they paid $8.5 billion in 2015) and how its core stores are performing in the current economic environment. The last two quarters have been relatively calm, as DLTR stabilized with minor gains of 3.1% and 1.9%. That stability comes after a three-quarter losing streak, with average losses of -13.7%.
From a technical standpoint, DLTR made its big move in mid-April as it broke out of a longer-term neutral range and a long-term downtrend. The stock price has eclipsed the 50- and 200-day moving averages and seems to be back on the right track.
The breakout of the rectangular bottom gives an upside target of roughly $98 a share, so there is room for DLTR to run. That move would fill the gap created last September and bring shares into a stronger resistance area around $100. On the downside, there may be an opportunity to enter DLTR, as we have a potential scenario where old resistance becomes support, giving an entry level around $79.50/$80. That would be a good risk/reward set-up for those who may have missed the initial breakout.
Overall, the stock still has room to run, but most of this upside move may already be in the stock, as the price approached an overbought condition with much overhead resistance ahead.
CrowdStrike (CRWD) has returned from the ashes after last year’s Delta Air Lines, Inc. (DAL) computer outage that caused over 7000 cancelled flights. As it heads into this week’s earnings, shares are trading just under all-time highs.
The cybersecurity company has seen shares decline over the past two results, but that hasn’t stopped its continued momentum. The stock averages a one-day move of +/- 8.5%, so expect volatility.
Technically, CRWD comes into the week at an intriguing pivot point. After breaking out to new highs, the stock pulled back to its old resistance areas from which it broke above. Will old resistance become support, or are we looking at a potential bull trap?
The relative strength index (RSI) indicates there may be room to run. We have seen some extreme overbought conditions in the past, and we are not there yet. A solid beat and guide could see additional momentum in what continues to be one of the top stocks within the cybersecurity sector.
Speaking of strength, CRWD is shining on a relative basis. It’s up 36.7% year-to-date, outperforming CIBR, the biggest cybersecurity ETF in CIBR, which is up 12.8%. That said, downside risk could be steep given the recent run. Stepping in front of this stock ahead of results could be costly. On weakness, wait for a better risk/reward entry and look for support just around $405.
Broadcom (AVGO) is Nvidia’s baby brother. It is in the $1 trillion market cap club, a top holding in both the Semiconductor ETF (SMH), the Technology ETF (XLK), and the Nasdaq 100 (QQQ).
AVGO has grown mightily in NVDA’s shadow for years now. Shares have rallied just over 500% from their 2022 lows, which pales to the 1250+% rally in Nvidia. However, over the past 52 weeks, AVGO shares have risen 82% compared to Nvidia’s 23% gain.
Now that we’ve seen how price action settled out with NVDA, what could this mean for AVGO?
Technically, if AVGO wanted to step out of NVDA’s shadows, this would be the chance to do so and lead the semiconductors higher. However, momentum is waning, and we continue to see large caps struggle to make new highs.
The table is set for a potentially large breakout. AVGO is at a key resistance area just under $250. It couldn’t break through it last week, but could earnings be the catalyst for getting it over the top? Given the overbought conditions and tough market environment, it should be a challenge. You may be able to buy this stock on a dip and wait for the rest of the market to catch up as we look for more clarity on tariff policy. Look for a pullback to the $220 area to add to or enter the name.
Long-term investors should ignore the noise to come. AVGO has suffered through the worst and should break out in due time. It just may not be this time.
In this video, Mary Ellen highlights key areas of the stock market that gained strength last week, including Staples and Aerospace stocks. She also shares several Dividend Aristocrat stocks that can help stabilize your portfolio in times of market volatility. Whether you’re seeking defensive plays or looking to align with sector rotation trends, this video provides practical insights to strengthen your trading strategy.
This video originally premiered May 30, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.
New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.
If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.
International Graphite (IG6:AU) has announced Development update – Collie graphite micronising facility
Download the PDF here.
Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE:6CA) is pleased to announce the execution of an agreement (the ″ Agreement ″) with Exploits Discovery Corp. (CSE: NFLD) (″ Exploits ″) to option 100% of its interests in three groups of exclusive exploration rights, located in the Province of Québec, commonly referred to as: (a) the ″Wilson project″ located in Lebel-sur-Quévillon (the ″ Wilson Property ″); (b) the ″Fenton project″ located in Chapais (the ″ Fenton Property ″); and (c) the ″Benoist project″ located in Miquelon (the ″ Benoist Property ″), together the ″ Properties ″.
During the four-year option period, Exploits shall have the sole and exclusive right and option to earn a 100% interest (the ″ Option ″) by paying Cartier an amount aggregating $1,750,000 in cash, issuing Cartier an aggregate of 9,250,000 common shares of Exploits and incurring not less than $12,250,000 in expenditures on the properties. The Agreement is conditional on Exploits obtaining all necessary regulatory approvals under the policies of the Canadian Securities Exchange (CSE) in connection therewith. Within ten (10) business days of the effective date, Cartier will receive an amount of $200,000 in cash and 1,750,000 common shares of Exploits. All shares issued to Cartier under the Agreement will be subject to a statutory four (4) month hold period.
Upon due exercise of the Option in respect of any of the Properties, Cartier will retain a 2.0% net smelter returns (″NSR″) production royalty (each, a ″ Royalty ″) over the applicable Property(ies). One-half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $2,000,000 and the remaining half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $20,000,000.
About Cartier Resources Inc.
Cartier Resources Inc., founded in 2006, is an exploration company based in Val-d’Or. The Company’s projects are all located in Québec, which consistently ranks among the world’s top mining jurisdictions. Cartier is advancing the development of its flagship Cadillac project.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company’s plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change, except as required by law
For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
News Provided by GlobeNewswire via QuoteMedia
Byron Allen is putting his broadcast TV stations up for sale.
Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S.
In a news release, Allen said the company has invested more than $1 billion into acquiring the stations over the past six years and after receiving “numerous inquiries and written offers” for most of the stations, has decided to explore a sale.
The Allen Media Group stations join others that have recently hit the sale block. Last year, CNBC reported that Sinclair was exploring the sale of more than 30% of its stations. Apollo Global Management is also reportedly exploring a sale of its Cox Media Group portfolio of TV and radio stations.
Allen Media Group said a sale of the stations would significantly reduce its debt load. Earlier this year, the company refinanced a $100 million debt facility. While S&P Global Ratings said it expected the company to maintain sufficient liquidity over the next 12 months, it noted that Allen Media Group still maintained a junk rating and faced future debt risks.
Last year, CNBC reported that Allen Media Group had been consistently late in making payments to its network owners, in some cases as much as 90 days past due, with the payments totaling tens of millions of dollars throughout the year. The reason for the lateness had been unclear, and representatives for Allen Media Group declined to address the details of CNBC’s reporting.
The stations have also reportedly undergone layoffs.
Allen, a former comedian, founded Entertainment Studios, now known as Allen Media Group, in the early 1990s. He later formed Allen Media Group Broadcasting in 2019 and has built up his profile and business ever since with a string of smaller deals.
He has also become known for expressing interest in buying various media assets to bulk up his media empire. In recent years, he has made a $30 billion bid for Paramount Global when it was up for sale in 2024, as well as a $10 billion offer for ABC and other Disney networks, and he reportedly offered $3.5 billion for Paramount’s BET Media Group.
Disclosure: Comcast’s NBCUniversal is the parent company of CNBC and broadcast network NBC.
Ukraine’s large-scale drone attack on Russian air bases thousands of miles behind the front lines is the latest in a long line of daring missions by Ukraine’s forces against its giant neighbor.
The operation, more than a year and a half in the making, involved drones being smuggled into Russian territory and hidden in wooden mobile houses atop trucks, according to a source in the SBU, Ukraine’s domestic intelligence agency.
The strikes caused an estimated $7 billion in damages and hit 34% of Russia’s strategic cruise missile carriers at its main air bases, the source said. The assault also showed that Ukraine still has the ability to pressure Russia even as Moscow ramps up its own attacks and offensive operations.
Here’s a look at some of the Ukrainian force’s most significant hits during the war:
Analysts have called Ukraine’s Sunday drone attack on the bomber bases the most significant by Kyiv since the beginning of the war.
More than 40 aircraft were known to have been hit in the operation, according to an SBU security source, including TU-95 and Tu-22M3 strategic bombers and one of Russia’s few remaining A-50 surveillance planes.
The Tu-22M3 is Russia’s long-range missile strike platform that can perform stand-off attacks, launching missiles from Russian airspace well behind the front lines to stay out of range of Ukrainian anti-aircraft fire.
Russia had 55 Tu-22M3 jets and 57 Tu-95s in its fleet at the beginning of the year, according to the “Military Balance 2025” from the International Institute for Strategic Studies think tank.
The Tu-95 joined the Soviet Union air force in the 1950s, and Russia has modified them to launch cruise missiles like the Tu-22.
Military aviation expert Peter Layton said the loss of the bombers, which could carry the heaviest and most powerful cruise missiles, mean Russia will need to rely more on drones for future attacks on Ukraine.
Outside the immediate air war, the attack on the air bases will be a major distraction for Russian President Vladimir Putin, said Carl Schuster, a former director of operations at the US Pacific Command’s Joint Intelligence Center, now a military analyst in Hawaii.
“Putin will direct more resources to internal security after such a domestic security failure,” Schuster said.
“Ukraine was able to deploy dozens of containers with drones to within line of sight of major Russian strategic bases and launch massive air strikes. Can you imagine explaining that one to Putin?”
One of Ukraine’s first major wins was the sinking of the cruiser Moskva, the pride of Russia’s Black Sea fleet, in the early months of war.
The Moskva was one of the Russian Navy’s most important warships and its sinking represented a massive blow to Moscow’s military, which at the time was struggling against Ukrainian resistance 50 days into Putin’s invasion.
In April, 2022, Ukraine’s Operational Command South claimed the Moskva had begun to sink after it was hit by Ukrainian Neptune anti-ship missiles.
Russia, meanwhile said a fire broke out on the guided-missile cruiser, causing munitions aboard to explode, inflicting serious damage to the vessel, and forcing the crew of the warship to be evacuated.
Analysts said its loss struck hard at the heart of the Russian navy as well as national pride, comparable to the US Navy losing a battleship during World War II or an aircraft carrier today.
What followed was a string of naval defeats for Moscow’s Black Sea Fleet.
In early 2024, six sea drones, powered by jet skis, felled a Russian guided missile ship, the Ivanovets. Night-time footage released by the Ukrainians showed Russians firing at the drones as they raced toward the Ivanovets, before at least two drones struck the side of the ship, disabling it and causing massive explosions.
Built following Russia’s 2014 annexation of Crimea, the 12-mile Kerch bridge was a vital supply line for Moscow’s war effort in Ukraine and a personal project for Putin, embodying his objective to bind the peninsula to Russia.
Russia built the bridge at a cost of around $3.7 billion
In July, 2023, Ukrainian security services claimed to have blown up the bridge using an experimental sea drone. The attack caused damage to the road lanes of the bridge, and, according to Russian officials, killed two civilians.
The bridge is a critical artery for supplying Crimea with both its daily needs and supplies for the military.
A number of high profile Russian military figures have been killed inside the country over the past year. Crucially, Ukraine has never claimed the killings but it is notable that many of those killed played prominent roles in Moscow’s .
Last month, Russian deputy mayor and prominent veteran of the war, Zaur Aleksandrovich Gurtsiev, was killed in an explosion in southern Russia. Russian authorities said they were investigating all options into the killing, “including the organization of a terrorist attack” involving Ukraine.
Gurtsiev had been involved in the Russian attacks on the Ukrainian port city of Mariupol, which destroyed about 90% of residential buildings, according to United Nations estimates.
Gurtsiev had “introduced his developments in the technology of targeting missiles, which allowed them to increase their accuracy and effectiveness many times over,” according to the “Time of Heroes” program.
In April, Russian authorities charged a “Ukrainian special services agent” with terrorism, after he was detained in connection with a car explosion that killed Russian General Yaroslav Moskalik, the deputy head of the Main Operations Directorate of the General Staff of the Russian Armed Forces.
And in February Armen Sarkisyan, the founder of a pro-Russian militia group in eastern Ukraine – described by authorities in Kyiv as a “criminal mastermind” – died following a bombing in central Moscow. The bombing took place in an upmarket residential complex in the capital city, Russian state media outlet TASS reported at the time.
Ukraine has never claimed the killings but it is notable that high-profile figures have been assassinated in Russian territory.
Erin Patterson, the Australian woman accused of killing three people and attempting to kill a fourth with a meal laced with death cap mushrooms, has taken the stand in her own defense at a trial that has captured worldwide attention.
On Monday, the start of the sixth week of the trial, Patterson told the court about her relationship with her estranged husband Simon, whose parents, Don and Gail Patterson, were among the guests who died after attending lunch at her house in July 2023.
Gail’s sister, Heather Wilkinson, also died after eating Beef Wellington at lunch, but her husband, Ian Wilkinson, a pastor at their local church, survived after spending several weeks in hospital with acute poisoning from Amanita phalloides, the world’s most toxic mushrooms.
Prosecutors allege that Patterson, who has pleaded not guilty to all charges, deliberately laced the beef dish with lethal mushrooms, after seeing their location posted on a public website. Her defense lawyers argue the deaths were a “terrible accident,” and while they acknowledge Patterson, 50, repeatedly lied to police, they say she didn’t intend to kill her guests.
The mother of two told the court that her relationship with her husband was merely “functional” in July 2023, and that she had started becoming concerned that he wasn’t involving her in family gatherings anymore.
Her self-esteem was low, and she was so unhappy with her weight that she was considering gastric bypass surgery, she told the court.
“I’d been fighting a never-ending battle of low self-esteem most of my adult life, and the further inroads I made into being middle aged, the less I felt good about myself,” she said.
Patterson’s defense attorney Colin Mandy SC asked her about the start of her relationship with Simon Patterson, the father of their two children. Patterson told the court she met Simon in 2004 at work at Monash City Council, in the Australian state of Victoria. They were friends at first, before a romance developed several months later.
They married in 2007, at a service attended by Don and Gail Patterson and Ian and Heather Wilkinson. Erin’s parents were on holiday when she got married, so Ian Wilkinson’s son David walked her down the aisle, she told the court.
Patterson said she was “very atheist” when she met Simon. “I was trying to convert him to being an atheist, but things happened in reverse, and I became Christian,” she told the court.
She said she had a “spiritual experience” during her first church service in 2005 at Korumburra Baptist Church, where Pastor Ian Wilkinson delivered the sermon. “I had what I would call a religious experience there, and it quite overwhelmed me,” she said
Patterson recalled the traumatic delivery of her first child, who was born by emergency cesarian, after an attempt with forceps failed. Her son spent some time in the intensive care unit, and Patterson said she discharged herself against medical advice so she could go home to be with her newborn.
Patterson spoke about the support Simon’s mother Gail gave her as she cared for her son. “She gave me good advice … relax and enjoy your baby,” she said.
When they were living in Perth, Western Australia, the couple briefly separated for the first time. In 2009, Patterson rented a cottage for herself and their baby, she told the court, while her husband rented a trailer close by. They reunited in January 2010. A second baby came later.
During the course of their relationship, Patterson told the court there were periods of separation.
“What we struggled with over the entire course or our relationship… we just couldn’t communicate well when we disagreed about something,” she said. “We could never communicate in a way that made each of us feel heard or understood, so we would just feel hurt and not know how to resolve it.”
Patterson will resume giving evidence on Tuesday.
Canada’s mining sector is gaining momentum, with over 130 projects with a total value of C$117.1 billion now planned or in construction, according to Natural Resources Canada’s 2024 inventory. That’s an increase of nine projects and C$23.5 billion from the previous year, signaling strong interest in resource development.
Yet despite this growth, the path to production remains slow. A study published in FACETS and cited by the Mining Association of Canada shows that the average timeline from discovery to production exceeds 17 years, highlighting the pressing need to streamline Canada’s complex and often lengthy permitting process.
Although miners, explorers and developers have long criticized the decades-long process, Canada’s federal and provincial governments have only recently begun working to expedite the process in an effort to harness the country’s vast critical minerals potential and assert the nation’s dominance in resource extraction.
The federal government has committed to expediting and streamlining the permitting process, laying out ambitious targets in its 2024 budget. Those goals include completing federal impact assessments and permitting for designated mining projects within five years, and within two years for non-designated projects.
Achieving these targets will involve establishing a federal mining permitting coordinator, enhancing funding for federal review authorities and promoting concurrent regulatory reviews to reduce duplication and delays
Provincial governments also play a significant role in mining project approvals.
A May 2025 report from the Mining Association of BC, outlines the economic potential of 27 advanced-stage mining projects in the province totaling more than C$90 billion. The projects highlighted in the report are described as new; however, there are several past-producing assets that are being offered a new lease on life.
One of those projects is Blue Lagoon Resources’ (CSE:BLLG,OTCQB:BLAGF) Dome Mountain gold project.
Located 50 minutes from Smithers, the 22,000 hectare property hosts the historic Dome Mountain mine, where past exploration and development were focused on the Boulder Vein, initially discovered in the 1980s.
In February, Blue Lagoon secured the final permit needed to advance its Dome Mountain project, clearing the way for production to begin in Q3 2025. The permit — one of just nine mining permits granted in BC since 2015 — marks a significant milestone for the junior miner, and positions the company to transition from an explorer to a gold and silver miner.
Although Dome Mountain was in production between 1980 and 1993 under different management, securing permits to restart activity at the 30 year old brownfield proved as complex as starting up a greenfield project.
“It wasn’t easy at all,” said Vig. “They say that it takes over 15 years to get a mine permit in BC, and people are congratulating us that we got it in just under five. And personally, I thought it was four years too late.”
He went on to note, “Imagine being in any business that you have to wait. You know, you open up your restaurant, but then you have to wait for five years to open it. I mean, it’s incredibly difficult to get a mining permit”
Indeed, BC has one of Canada’s longest permitting processes. A 2019 report from Resource World notes that it takes six months on average to get an exploration permit in Canada. However, in BC, it can take 15 to18 months.
National and provincial critical minerals strategies have been established over the last six years, and parties on both sides of the aisle have promised policy reforms. But Vig underscored the challenges that remain.
“I think we want to believe that,” he said of the notion that the permitting process will be expedited through the critical minerals push. “I think the politicians are certainly saying that, but I’m not so confident that the execution can be there,” he continued. “Because, you know, you’ve got many factors. You’ve got the infrastructure of the government itself, the bureaucracy. There are only so many people that are able to process these applications.”
A key requirement in the permitting process is Indigenous community consultation, engagement and approval, an area provincial governments have struggled to seamlessly integrate into the process.
For Blue Lagoon, communication and consultation with the Lake Babine Nation started early and remains a key tenet.
The Lake Babine Nation is one of BC’s largest Indigenous communities, with over 2,500 registered members. Its traditional territory surrounds Babine Lake, the province’s longest natural lake.
“We have a great relationship with the Lake Babine Nation,” said Vig. “You know, honestly, it was a very simple process. It’s a philosophy, that is very rudimentary, certainly in my culture.” Vig, who is of Indian heritage, moved to Canada in 1972 with his family, credits those formative years for fostering his deep sense of respect.
“My whole upbringing is all about respect. So for us, it was very simple — respect the people, respect the land,” he said, adding that a lot of it was common sense. “Protect the water, protect the land and make sure you don’t damage it as you go along (are) good practices (for) any business,” Vig emphasized.
Water conservation and protection is especially important to Blue Lagoon, an issue Vig described as “a way of life” due to its significance for fishing and cultural practices.
‘You don’t wait to be asked — you take the initiative to understand what matters most,” he said.
As he explained, provincial regulatory requirements called for water testing at five sites along a specific stream, and Blue Lagoon chose to conduct testing at nine locations instead.
“It’s really unheard of in our industry, to the best of my knowledge. We didn’t just do what was required of us. We like to go above and beyond to make sure. And when you do things like that, I think the sincerity comes across,” he said.
Another challenge junior miners are facing is accessing funding. Investors who once used added liquidity to the space have moved to other sectors like tech, leaving mining coffers on the decline.
Blue Lagoon has been fortunate in terms of capital raising; the company completed the final tranche of its most recent private placement in late April, raising C$2.23 million through the issuance of 8.9 million units at C$0.25 each.
The full offering brought in C$4.87 million over four tranches, fully funding Dome Mountain to production.
Blue Lagoon’s ability to fast track its permitting and funding process were praised by mining committee chair Yannis Tsitos, who has more than two decades of experience in the mining sector working for companies like global commodities giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP). Drawing on his history with large-scale operations, Tsitos described the Blue Lagoon’s approach as unusually nimble and disciplined.
“We haven’t cut a single corner,” he said, noting that while major players can afford to raise hundreds of millions upfront, most juniors must build organically. “What’s impressive is how this team — led by Rana — used creativity and persistence to move forward without delay,” he added. “It’s not about size; it’s about profitability and execution.”
He emphasized that Dome Mountain’s 15,000 ounce per year potential is just the beginning.
“Every major company started with one mine,” said Tsitos. “This could be the first step in something much bigger, and it’s happening right here in BC, which is hungry for investment.”
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.