International Graphite (IG6:AU) has announced Feedback of U.S. Department of Defense Award Funding
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International Graphite (IG6:AU) has announced Feedback of U.S. Department of Defense Award Funding
Download the PDF here.
Greenvale Energy (GRV:AU) has announced CEO Appointment
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Another week of significant movement in the sector landscape has reshaped the playing field. The Relative Rotation Graph (RRG) paints a picture of shifting dynamics, with some surprising developments in sector leadership. Let’s dive into the details and see what’s happening under the hood.
On the weekly RRG, Utilities and Consumer Staples maintain their high positions on the RS-Ratio scale. However, there are signs of waning momentum. Staples has rolled over within the leading quadrant and is now showing a negative heading. Utilities, while still strong, are losing some of their relative momentum.
Financials and Communication Services are hanging on in the weakening quadrant, but their tails are relatively short — indicating potential for a quick turnaround.
The show’s star, Industrials, has made a beeline for the leading quadrant, climbing on the RS-Ratio scale while maintaining a positive RRG heading.
Switching to the daily RRG, we get a more granular view. Utilities, Staples, and Financials are found in the lagging quadrant, but Staples and Utilities are showing signs of life, turning back up towards the improving quadrant.
Financials, meanwhile, are hugging the benchmark.
The daily chart confirms Industrials’ strength, mirroring its weekly performance.
Communication Services, however, is showing some worrying signs — it’s dropped into the weakening quadrant on the daily RRG, confirming its vulnerable position on the weekly chart.
XLI flexes its muscles, pushing against overhead resistance around the $144 mark.
A break above this level could trigger a further acceleration in price.
The relative strength line has already broken out of its consolidation pattern, propelling both RRG lines above 100 and driving the XLI tail deeper into the leading quadrant.
The financial sector continues its upward trajectory, trading above its previous high and closing in on the all-time high of around $53.
Like Industrials, a break above this resistance could spark a new leg up.
The RS line is moving sideways within its rising channel, causing the RRG lines to flatten—something to watch.
XLU has finally broken through its overhead resistance, approaching its all-time high around $83.
After months of pushing against the $80 level, this breakout is a clear sign of strength.
The RS line is still grappling with its own resistance, but the RS-Ratio line continues its gradual ascent.
While XLC is moving higher on the price chart, its relative strength is lagging.
The sideways movement in the RS line is causing both RRG lines to move lower, with the RS-Momentum line already below 100.
This sector is rapidly approaching the lagging quadrant on the daily RRG—definitely one to watch for potential risks.
XLP is approaching the upper boundary of its trading range ($83-$85), where it is running into resistance. The inability to push higher while the market is moving up is causing relative strength to falter.
The recent strength has pushed both RRG lines well above 100, but the current loss of relative strength is now causing the RRG-Lines to roll over.
The tail is still comfortably within the leading quadrant, but this loss of momentum could signal a potential setback.
The model portfolio’s defensive positioning has led to some underperformance relative to SPY, with the gap now just under 6%.
However, the model is sticking to its guns, maintaining a defensive stance with Staples and Utilities firmly in the top five.
It’s worth noting that Healthcare has now definitively dropped out of the top ranks. Nevertheless, with Staples and Utilities holding firm, and Technology and Consumer Discretionary still in the bottom half, the overall positioning remains cautious.
These are the periods when patience is key. We need to let the model do its work and wait for new, meaningful relative trends to emerge. It’s not always comfortable to endure underperformance, but it’s often necessary to capture longer-term outperformance.
#StayAlert, –Julius
Astute Metals NL (ASX: ASE) (“ASE”, “Astute” or “the Company”) is pleased to report assay results from the first of six holes completed as part of its highly successful April 2025 diamond drilling campaign at the 100%-owned Red Mountain Lithium Project in Nevada, USA. Drill-hole RMDD003 has returned three high- grade intersections of lithium mineralisation:
Key Highlights
To hear CEO Matt Healy discuss this ASX Release click here
The thick zones of lithium mineralisation encountered in the northernmost drill-hole at Red Mountain highlight the increasing scale of the project, with strong lithium mineralisation now intersected in all drill- holes spanning a north-south strike extent of over 5.6km and surface sample geochemistry indicating further potential to the north, south and west of the current drilled extents7, 9 (Figure 3).
Of particular significance in hole RMDD003 is the high-grade nature of the mineralisation. The nearest drill-hole is RMDD002, which intersected 32.1m @ 2,050ppm within a broader 86.9m intersection at 1,470ppm Li from 18.3m. The high-grade zone in RMDD002 has persisted north to RMDD003, and increased in grade significantly to over 3,000ppm lithium.
Assays are pending for the other five holes drilled as part of the April diamond drilling campaign.
Astute Chairman, Tony Leibowitz, said:
“Our 2025 exploration campaign is off to a fantastic start, with exceptional assays returned for the first step-out diamond hole, RMDD003. We are impressed by the thickness and grade of the mineralisation, with the high-grade intercept returned from this hole showing that the previously identified high-grade zone extends for a considerable distance to the north.
“This provides further indication that Red Mountain is unfolding as a lithium discovery of significance in North America. With mineralisation now defined by drilling over a strike length of almost 6 kilometres, we are looking forward to seeing what the remaining drill-holes will deliver. The information obtained from this round of drilling should put us on a clear trajectory to advance Red Mountain towards a maiden JORC Mineral Resource Estimate later this year.”
Background
Located in central-eastern Nevada (Figure 4) adjacent to the Grand Army of the Republic Highway (Route 6), which links the regional mining towns of Ely and Tonopah, the Red Mountain Project was staked by Astute in August 2023.
The Project area has broad mapped tertiary lacustrine (lake) sedimentary rocks known locally as the Horse Camp Formation2. Elsewhere in the state of Nevada, equivalent rocks host large lithium deposits (see Figure 4) such as Lithium Americas’ (NYSE: LAC) 62.1Mt LCE Thacker Pass Project3, American Battery Technology Corporation’s (OTCMKTS: ABML) 15.8Mt LCE Tonopah Flats deposit4 and American Lithium (TSX.V: LI) 9.79Mt LCE TLC Lithium Project5.
Astute has completed substantial surface sampling campaigns at Red Mountain, which indicate widespread lithium anomalism in soils and confirmed lithium mineralisation in bedrock with some exceptional grades of up to 4,150ppm Li2,8 (Figure 3).
A total of 13 RC and diamond drill holes have been drilled at the project for a combined 1,944m, prior to this current drilling program. These campaigns were highly successful, intersecting strong lithium mineralisation in every hole9.
Scoping leachability testwork on mineralised material from Red Mountain indicates high leachability of lithium of up to 98%, varying with temperature, acid strength and leaching duration, and proof of concept beneficiation test-work has indicated the potential to upgrade the Red Mountain mineralisation10,11.
Results
Hole RMDD003 successfully intersected three zones of lithium mineralised clay-bearing mudstones and sandstone, separated by narrow zones of unmineralised rocks (Figure 1). The intersections are as follows:
The best grades were developed in the most clay-rich zones (Figure 2). An internal very high-grade zone of 8.6m returned a grade of 5,060ppm Li, with a maximum single sample grade of 5,660ppm Li from 69.2-70.7m (227-232ft), which is the drill sample with the highest lithium grade achieved to date at the project.
Click here for the full ASX Release
White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce it has received firm commitments to raise approximately A$14.4m (before costs) through the issue of 384,615,398 new, fully paid ordinary shares in the Company. Utilising the “flow-through shares” provisions under Canadian tax law 307,692,321 shares will be issued at an issue price of A$0.0403 per share representing a 38.9% premium to WCN’s last trading price of A$0.029 (14 May 2025) for a total of A$12.40m (Flow-Through). Additionally, the Company has received firm commitments to raise $2 million (before costs) through a share placement to new and existing sophisticated and professional investors (Placement). 76,923,077 shares will be issued under the Placement at $0.026 per share, being a 10.3% discount to the Company’s last closing price before trading halt.
”The successful completion of this capital raise is a testament to the quality of our Rae Copper Project and the confidence that investors have in our exploration strategy. The ability to access the less dilutive flow through funds at a circa 40% premium is a huge advantage and value accretive for shareholders. Further, John Hancock and his Astrotricha Capital Family Office cornerstone position in the raise, along with the support of other high net worth investors introduced by Astrotricha, reflects their shared vison for the future of WCN and underpins the Company’s development plans for the Rae Copper Project.
The outlook for copper prices remains robust and the Company is poised to ramp up exploration efforts as we capitalise on its strong financial position following this raise, in addition to the ongoing conversion of WCNO options. Following recent high-grade results, this upcoming drilling at Danvers will lay the foundation for a maiden exploration target at the project over the coming period. We are very excited about the potential to delineate a material resource around the immediate drilling area at Danvers and to potentially encompass additional deposits along the regional 7km + strike.
In parallel, drilling will commence at the major sedimentary hosted copper target at Hulk. The pre collars that we have completed at Hulk sit only about 50mtrs above the target horizon and with diamond rigs planned to arrive in the coming months at which time we plan to drill all project areas and deliver on the potential for an additional major copper discovery at our Rae Project.”
Troy Whittaker – Managing Director
“Starting out as a Strategic Advisor to WCN with an initial invested stake, I have now become the Company’s largest shareholder and am pleased to see another well executed and strongly supported capital raise at a premium to the share price. The WCN focus has been on minimising existing shareholder dilution whilst attracting strategic investor capital to accelerate exploration and at the same time, securing the Company’s financial position for the longer term. There is now global investor interest in WCN’s prospects and I look forward to further upcoming drill results.”
John Hancock – Strategic Advisor to WCN
Click here for the full ASX Release
Uvre Limited (ASX: UVA) (the Company or Uvre) is pleased to announce that highly regarded mining entrepreneurs Norman Seckold and Peter Nightingale will be appointed non-executive directors of Uvre with effect from settlement of the acquisition by the Company of 100% of the issued share capital of MEL (Acquisition). Norman Seckold and Peter Nightingale will emerge with 16.5% and 1.3% respective stakes in the Company upon settlement of the Acquisition and Equity Raise.
Highlights
Uvre Executive Chairman Brett Mitchell said:
“This transaction is an exceptional opportunity for Uvre on several levels.
“Norm and Peter will bring a wealth of knowledge and experience in the resources business, along with a track record of creating substantial shareholder value through resource asset exploration and proįect development.
“The Otagold proįects led by Waitekauri have compelling gold exploration upside in a tier-one įurisdiction, as shown by the extensive mineralisation and drilling targets already identified.
“The combination of Norman’s well-known record in building successful mining proįects combined with the talented Uvre team, the immense exploration upside at these proįects and the strong financial position which will follow the placement will leave Uvre very well-placed to create significant value”.
Norman Seckold said:
“This transaction will enable Uvre to unlock what we believe is the substantial value of these proįects.
“We will have the assets, the team, the experience and the financial strength to conduct the immediate exploration programs which will maximise our ability to create value.
“The work we have already done on the proįects shows they are highly prospective and with the support of the Uvre team and access to capital, we can take them to the next level with the aim of building substantial gold inventories in a tier one location”.
Otagold Projects Summary
Otagold holds a 100% interest in three exploration permits, one prospecting permit and one prospecting permit application on New Zealand’s North and South Islands, covering 332km2 of highly prospective ground.
Click here for the full ASX Release
Former President Barack Obama, former President Bill Clinton, and President Donald Trump have each commented on the grim news of President Joe Biden’s cancer diagnosis.
‘Michelle and I are thinking of the entire Biden family. Nobody has done more to find breakthrough treatments for cancer in all its forms than Joe, and I am certain he will fight this challenge with his trademark resolve and grace. We pray for a fast and full recovery,’ Obama noted in posts on social media.
Biden served as vice president during Obama’s White House tenure from early 2009 through early 2017.
He was diagnosed with prostate cancer last week, according to a statement his personal office released on Sunday.
‘Last week, President Joe Biden was seen for a new finding of a prostate nodule after experiencing increasing urinary symptoms. On Friday, he was diagnosed with prostate cancer, characterized by a Gleason score of 9 (Grade Group 5) with metastasis to the bone. While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management. The President and his family are reviewing treatment options with his physicians,’ the statement noted.
President Donald Trump also commented on the news.
‘Melania and I are saddened to hear about Joe Biden’s recent medical diagnosis. We extend our warmest and best wishes to Jill and the family, and we wish Joe a fast and successful recovery,’ he noted in a post on Truth Social.
The Clintons both commented as well.
‘My friend Joe Biden’s always been a fighter. Hillary and I are rooting for him and are keeping him, Jill, and the entire family in our thoughts,’ former President Bill Clinton noted.
‘I’m thinking of the Bidens as they take on cancer, a disease they’ve done so much to try to spare other families from. Wishing you a speedy, full recovery,’ former Secretary of State Hillary Clinton, who lost the 2016 presidential election to Donald Trump, said in social media posts.
Biden, who left office earlier this year on Jan. 20, is 82 years old.
Fox News’ Peter Doocy contributed to this report
Iran’s foreign minister said Sunday that regardless of whether a nuclear deal is reached with the U.S., enrichment will continue.
Foreign Minister Seyed Abbas Araghchi addressed negotiations between Iran and the U.S. in a post on X regarding Iran’s ‘peaceful nuclear program.’
In the statement, Araghchi pointed out that U.S. officials privy to the discussions are free to state whatever they want to ward off special interest groups or malign actors that set the agendas of previous administrations.
‘Iran can only control what we Iranians do, and that is to avoid negotiating in public—particularly given the current dissonance we are seeing between what our U.S. interlocutors say in public and in private, and from one week to the other,’ Araghchi said. ‘Our stance on Iran’s rights as a [Nuclear Non-Proliferation Treaty] member is crystal clear, and there is no scenario in which Iranians will permit deviance from that.
‘Mastering enrichment technology is a hard-earned and homegrown scientific achievement; an outcome of great sacrifice of both blood and treasure,’ he continued. ‘If the U.S. is interested in ensuring that Iran will not have nuclear weapons, a deal is within reach, and we are ready for a serious conversation to achieve a solution that will forever ensure that outcome. Enrichment in Iran, however, will continue with or without a deal.’
The statement comes just days after President Donald Trump announced on Friday that the U.S. had given Iran a proposal for a nuclear deal.
While making the announcement, Trump said Iranian officials know they have to move quickly or ‘something bad is going to happen.’
U.S. and Iranian officials have held four rounds of talks, primarily in Oman, since Trump took office to address Tehran’s nuclear program.
The International Atomic Energy Agency, often referred to as the United Nations’ nuclear watchdog, noted in a March report that Iran’s stockpile of 60% enriched uranium had alarmingly grown from 182 kg to 275 kg, approximately 401 pounds to 606 pounds, in early 2025.
‘Once you’re at 60, you’re 90% of the way there. You are, in essence, a threshold nuclear weapons state, which is what Iran basically has become,’ Rubio said Thursday on ‘Hannity’.
‘They are at the threshold of a nuclear weapon. If they decided to do so, they could do so very quickly. If they stockpile enough of that 60% enriched, they could very quickly turn it into 90 and weaponize it. That’s the danger we face right now. That’s the urgency here,’ he said.
The president also said Thursday in the United Arab Emirates that the U.S. and Iran have ‘sort of’ agreed to terms on a nuclear deal.
‘Iran has sort of agreed to the terms. They’re not going to make — I call it, in a friendly way — nuclear dust,’ Trump told reporters. ‘We’re not going to be making any nuclear dust in Iran.’
Fox News Digital’s Greg Norman, Ashley Carnahan and Christina Shaw contributed to this report.
Russia targeted Ukraine with its largest single drone attack yet just hours ahead of President Donald Trump’s phone call with Vladimir Putin about ending the war.
Russia on Sunday fired a total of 273 exploding drones and decoys targeting Ukraine’s Kyiv, Dnipropetrovsk and Donetsk regions, according to Ukraine’s air force. Of those, 88 were intercepted and 128 lost, likely being electronically jammed.
The barrage was the biggest drone attack since the start of Russia’s full-scale invasion in February 2022, Yuriy Ihnat, head of the air force’s communications department, told the Associated Press.
It came after Trump said he would be ‘speaking, by telephone, to President Vladimir Putin of Russia on Monday, at 10:00 a.m.’ regarding the war in Ukraine.
‘The subjects of the call will be, stopping the ‘bloodbath’ that is killing, on average, more than 5,000 Russian and Ukrainian soldiers a week, and trade,’ Trump wrote on Truth Social on Saturday. ‘I will then be speaking to President Zelenskyy of Ukraine and then, with President Zelenskyy, various members of NATO.’
‘Hopefully it will be a productive day, a ceasefire will take place, and this very violent war, a war that should have never happened, will end,’ Trump added. ‘God bless us all!!!’
The previous largest known single drone attack from Russia against Ukraine was on the eve of the war’s third anniversary, when Russia pounded Ukraine with 267 drones.
Kyiv regional Gov. Mykola Kalashnyk said a 28-year-old woman was killed in Sunday’s drone attack, and three other people, including a 4-year-old child, were wounded, the AP reported.
Vice President JD Vance and Secretary of State Marco Rubio also met with Zelenskyy in Rome Sunday for ongoing peace talks.
‘During our talks we discussed negotiations in Istanbul to where the Russians sent a low-level delegation of non-decision-makers. I reaffirmed that Ukraine is ready to be engaged in real diplomacy and underscored the importance of a full and unconditional ceasefire as soon as possible,’ Zelenskyy shared on X regarding the meeting.
‘We have also touched upon the need for sanctions against Russia, bilateral trade, defense cooperation, battlefield situation and upcoming prisoners exchange. Pressure is needed against Russia until they are eager to stop the war. And, of course, we talked about our joint steps to achieve a just and durable peace,’ he continued.
World leaders converged in Rome this weekend for Pope Leo XIV’s inaugural mass at the Vatican on Sunday, with Vance leading the U.S. delegation. Zelenskyy also attended the mass.
Fox News’ Emma Colton and the Associated Press contributed to this report.
Former President Joe Biden is commenting publicly for the first time Monday after it was announced he was diagnosed with an ‘aggressive form’ of prostate cancer.
‘Cancer touches us all. Like so many of you, Jill and I have learned that we are strongest in the broken places. Thank you for lifting us up with love and support,’ Biden wrote on X.
Biden’s team revealed Sunday that the former president ‘was seen for a new finding of a prostate nodule after experiencing increasing urinary symptoms.’
‘On Friday, he was diagnosed with prostate cancer, characterized by a Gleason score of 9 (Grade Group 5) with metastasis to the bone,’ it said in a statement.
‘While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management. The President and his family are reviewing treatment options with his physicians,’ the statement added.
Former Presidents Barack Obama and Bill Clinton, and President Donald Trump have since commented on Biden’s cancer diagnosis.
‘Michelle and I are thinking of the entire Biden family. Nobody has done more to find breakthrough treatments for cancer in all its forms than Joe, and I am certain he will fight this challenge with his trademark resolve and grace. We pray for a fast and full recovery,’ Obama noted in posts on social media.
Trump said, ‘Melania and I are saddened to hear about Joe Biden’s recent medical diagnosis.’
‘We extend our warmest and best wishes to Jill and the family, and we wish Joe a fast and successful recovery,’ he added in a post on Truth Social.
Clinton said, ‘My friend Joe Biden’s always been a fighter,’ and ‘Hillary and I are rooting for him and are keeping him, Jill, and the entire family in our thoughts.’
Fox News’ Stepheny Price, Peter Doocy and Alex Nitzberg contributed to this report.