Michael Saylor’s treasury firm Strategy has made another weekly purchase as it continues to expand its BTC treasury. This comes as Bitcoin’s price continues its upward momentum amid the crypto market’s recovery. Strategy Extends Bitcoin Buying Spree In Fresh Purchase In a recent press release, the firm confirmed it had made another major Bitcoin acquisition.
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Ripple-backed Evernorth’s XRP treasury has grown to $1 billion just days after the company announced plans to raise over $1 billion to launch the largest XRP treasury. This development appears to be one of the factors behind the altcoin’s gain of over 4% today. Evernorth’s XRP Treasury Tops $1 Billion XRPScan data shows that the
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Kyrgyzstan has made a significant move in the adoption of digital finance. It has now included Binance Coin (BNB) on its list of National Cryptocurrency Reserves. This was announced by Binance founder Changpeng Zhao (CZ) who disclosed a number of other crypto milestones in the country. Kyrgyzstan Launches CBDC and Stablecoin on BNB Chain According
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Crypto firm Ripple has revealed that it is exploring new ways to use XRP within its multi-asset brokerage. This comes as the company’s CEO, Brad Garlinghouse, reassured the community that XRP is central to everything the company does. Ripple Looking At Ways To Utilize XRP On Prime Broker In an X post, the company’s president,
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White House crypto czar David Sacks has shown his support for Donald Trump’s nomination of SEC crypto counsel Michael Selig as the Commodity Futures Trading Commission (CFTC) chair. The acting chair, Caroline Pham, also commended Selig and stated that she looks forward to working with him. David Sacks Backs Michael Selig To Lead CFTC In
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Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting. Major banks are expecting a potential policy shift from the U.S. Federal Reserve. Analyst See Bitcoin Breakout as Fed QT End Nears On-chain analyst Maartunn observed that Bitcoin’s volatility has dropped sharply over recent days. Data from CryptoQuant shows Bitcoin’s
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Canadian company PMET Resources (ASX:PMT, TSX:PMET, OTCQX:PMETF) has completed a lithium-only feasibility study on the CV5 deposit of its Shaakichiuwaanaan lithium project in Northern Quebec.
The company said that the feasibility study confirms that the project is a large-scale and lifelong operation, with CV5’s maiden reserve updated to 84.3 million tonnes (Mt) at 1.26 percent lithium oxide or about 2.62 Mt lithium carbonate equivalent (LCE) in probable reserves.
Results also show that there is still potential to upgrade and expand resources at CV5 and its nearby CV13 deposit, which currently hold a total resource of 108.0 million tonnes at 1.40 percent indicated and 33.4 at 1.33 percent inferred.
“Our large scale and long-life project is ideally suited to support the emerging American, European, and Asian lithium raw materials supply chains,” commented CEO and President Ken Brinsden.
“There are very few projects of this size & scale, quality, and low production cost that can assist in underwriting the expected capital investment supporting new supply chains and demand growth in western markets.”
Located in Quebec’s Eeyou Istchee James Bay region, Shaakichiuwaanaan is recognised as the largest lithium pegmatite mineral resource in the Americas.
It is also among the largest lithium mines in the world, with potential to become the second largest following the Greenbushes lithium operations in Western Australia.
Greenbushes is owned by Albemarle (NYSE:ALB) and was recorded with an estimated 0.21 metric tonnes per annum lithium production in 2023.
PMET is targeting a final investment decision for Shaakichiuwaanaan for the second half of 2027, hoping that “the overall market supply-demand balance tightens over the coming years.”
Researchers found that the project can have an annual production of up to 800,000 tonnes of lithium-rich rock, along with pollucite, tantalite, and cesium.
Brinsden said that about 20 percent of the jobs created at Shaakichiuwaanaan will be allotted to workers at the Cree territory.
PMET Resources was formerly Patriot Battery Metals. The company officially changed its name in September.
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) announces that the Company has submitted its formal application for conditional approval of the previously announced $6-million financing with a single institutional investor. The Company is now awaiting conditional approval from the TSX Venture Exchange.
The Company also reports, that further to its October 6, 2025, news release, the Company is oversubscribed for its $3-million unit private placement at $1.00. This financing will close after the above financing, as several subscribers have requested that the closing of the $6-million institutional financing be a precedent, and so the Company has requested and received approval from the TSX Venture Exchange to extend the closing of that financing for a standard 30-day period to November 24, 2025.
Both financings are anticipated to close in the immediate term, subject to TSX-V approval.
On behalf of the Board of Directors of
Homerun Resources Inc.
‘Brian Leeners’
Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)
Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271921
News Provided by Newsfile via QuoteMedia
This week began on a strong note, with emerging signs that US-China tensions could ease and White House Economic Advisor Kevin Hassett’s suggestion that the federal government shutdown could soon end.
US stocks rallied broadly, led by small caps and semiconductors, with the PHLX Semiconductor Sector (INDEXNASDAQ:SOX) hitting an all-time high amid reduced concerns about regional bank credit quality.
On Tuesday (October 21), hotter-than-expected Canadian inflation data weighed on the S&P/TSX Composite Index (INDEXTSI:OSPTX), while the Nasdaq Composite (INDEXNASDAQ:.IXIC) outperformed.
Wednesday (October 22) saw profit taking in high-growth names as Tesla (NASDAQ:TSLA) and IBM (NYSE:IBM) reported after the bell, and as reports of potential new US export curbs on China pressured equities.
IBM beat revenue forecasts with US$9.5 billion in artificial intelligence (AI) revenue, but offered cautious guidance, leading its share price to fall after-hours. Tesla missed revenue estimates, with margins falling to 5.8 percent due to price cuts and reduced regulatory credits, despite record deliveries. CEO Elon Musk reiterated medium-term goals in AI, autonomy and robotics, though the firm didn’t update its financial guidance. Tesla shares also dropped after hours.
Despite the pullback, the tech sector rebounded sharply on Thursday (October 23), driven by optimism about AI and cloud infrastructure. Quantum computing companies such as IonQ (NASDAQ:IONQ), Rigetti Computing (NASDAQ:RGTI) and D-Wave Quantum (NYSE:QBTS) surged on reports of increased US government funding.
North of the border, Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford unveiled a C$3 billion joint investment in small modular reactors at the Darlington site, located east of Toronto in Bowmanville.
Later, Intel (NASDAQ:INTC) surpassed expectations with a 3 percent year-on-year revenue increase, reaching US$13.7 billion, with gross margins doubling to 38 percent. The demand for AI accelerators and x86 processors contributed to these strong results. CEO Lip-Bu Tan expressed confidence in continuing AI-driven compute demand.
Following the announcement, shares rose and opened nearly 5 percent higher the next day.
Intel’s standout earnings boosted sentiment heading into Friday. Markets opened higher after delayed US inflation data came in cooler than expected, showing easing underlying pressures and reinforcing expectations for another Fed rate cut next week. Tech stocks led the advance once again.
Micron Technology shares rose 4.46 percent this week, hitting a record high above US$214 on Monday (October 20) after analysts at Barclays (NYSE:BCS) raised their price target from US$195 to US$240, citing robust earnings and margin expansion as signs of operational strength. The company has reported surging demand for its high-bandwidth memory chips, with supply fully sold out through 2026. Other semiconductor stocks, such as ON Semiconductor (NASDAQ:ON) and KLA (NASDAQ:KLAC), also gained, reflecting broad semiconductor strength.
Apple’s share price is up 2.7 percent for the week, boosted by an overall bullish sentiment for high-value tech stocks, as well as momentum from strong M5 MacBook demand and solid sales of the iPhone 17 in the US and China.
CEO Tim Cook later announced the opening of the company’s Texas manufacturing facility on Thursday, two months ahead of schedule, further boosting sentiment.
Top AI stock NVIDIA saw gains of 1.67 percent this week following a joint announcement with Taiwan Semiconductor Manufacturing Company (NYSE:TSM). The companies said the first Blackwell wafer has been produced in the US at Taiwan Semiconductor’s semiconductor fab in Phoenix.
It is the first of its kind to be domestically manufactured in recent American history.
NVIDIA remains the bellwether for the AI sector, and its share price performance is widely regarded as a barometer for risk-on sentiment in the AI and tech sectors, with its share price movements often reflecting investor appetite for growth and optimism about the future of AI-driven innovation.
Micron Technology, NVIDIA and Apple performance, October 21 to 24, 2025.
Chart via Google Finance.
This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 1.83 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly gain of 1.91 percent.
The VanEck Semiconductor ETF (NASDAQ:SMH) increased by 1.59 percent.
Next week, investors will be eyeing interest rate decisions from the Bank of Canada and the US Federal Reserve. The Bank of Canada is expected to hold rates steady, reflecting ongoing cautiousness amid cooling inflation, while US investors are betting on a rate cut from the the country’s central bank.
Earnings results from tech giants will also be closely watched, with Alphabet (NASDAQ:GOOGL), Microsoft and Meta reporting on Wednesday (October 29), and Apple and Amazon on Thursday (October 30).
Strong beats or cautious guidance from these heavyweight companies could either boost confidence in the tech sector’s growth trajectory or temper enthusiasm in the final quarter of 2025.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Ed Steer of Ed Steer’s Gold and Silver Digest shares his thoughts on silver’s run past US$50 per ounce, saying that in his view the bull market is just getting started.
‘One way or another we’re going to run into a supply/demand brick wall, and when that day happens we could see triple-digit silver prices in a very, very short period of time,’ he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.