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The past week has been relatively stable in terms of sector rankings, with no new entrants or exits from the top five. However, we’re seeing some interesting shifts within the rankings that warrant closer examination. Let’s dive into the details and see what the Relative Rotation Graphs (RRGs) are telling us about the current market dynamics.

Sector Rankings Shuffle

The top three sectors, technology, industrials, and communication services, remain firmly entrenched in their positions. But the real action is happening just below them. Financials climbed to the number four spot, consequently pushing utilities down to fifth place. This shift is significant, as it indicates a move towards more cyclical sectors in the top rankings.

These changes suggest a potential shift towards more economically sensitive and offensive sectors, which supports a bullish scenario or at least a move away from defensive positioning.

  1. (1) Technology – (XLK)
  2. (2) Industrials – (XLI)
  3. (3) Communication Services – (XLC)
  4. (5) Financials – (XLF)*
  5. (4) Utilities – (XLU)*
  6. (8) Materials – (XLB)*
  7. (7) Consumer Staples – (XLP)
  8. (6) Real-Estate – (XLRE)*
  9. (10) Consumer Discretionary – (XLY)*
  10. (9) Energy – (XLE)*
  11. (11) Healthcare – (XLV)

Weekly RRG

The weekly Relative Rotation Graph continues to show strength in the technology sector within the leading quadrant. Industrials is also maintaining its position in the leading quadrant, with a very short tail, indicating a consistent relative uptrend.

Communication services, financials, and utilities are currently in the weakening quadrant. However, communication services have rebounded and appear to be making their way back towards the leading quadrant again.

Financials and utilities, on the other hand, are showing negative headings, with utilities displaying the weakest momentum (longest tail).

Daily RRG

Switching to the daily RRG, we get a more granular view of recent sector movements:

  • Technology remains the strongest sector, with a high RS ratio and a short tail
  • Communication services are rotating at a slightly negative heading but still within the leading quadrant
  • Financials and industrials are showing promise in the improving quadrant
  • Utilities continues to rotate within the lagging quadrant, confirming its weakness

The positioning of these sectors, particularly the strength of technology and improvements in financials and industrials, suggests a shift towards more cyclical and less defensive sectors in the market.

Technology

Tech continues its rally after breaking above the $240 resistance area. The raw RS line is also climbing, having broken out of its falling channel. This sector remains the market leader and shows no signs of slowing down.

Industrials

The industrial sector has cleared its overhead resistance and is pushing higher. Its RS line is putting in new highs, reflecting strong relative performance. The RRG lines remain in the leading quadrant and may be turning up again, a bullish sign.

Communication Services

Comms have broken above their resistance around 105. While still at the lower boundary of its rising RS channel, it’s starting to pick up steam. Both RRG lines are climbing, with RS momentum approaching the 100 level. A cross above that level would put it back in the leading quadrant.

Financials

Financials broke through overhead resistance last week, which is a significant positive development. It’s now above both horizontal resistance and its former support line. The relative strength line needs some work, but with the current price breakout, improvement seems likely in the near future.

Utilities

The weak link in the top five, utilities, remains range-bound. It’s still above support, but not by much. With the broader market rising, utilities’ sideways movement is causing its RS line to drop. The RRG lines are rolling over, and we may soon see this sector rotate into the lagging quadrant on the weekly RRG.

Portfolio Performance Update

I must admit, our portfolio is still underperforming. The current drawdown is a little over 8%, which isn’t ideal. However, this is the nature of trend-following strategies. We’re sticking with our approach through this period of underperformance, confident that historical results support our patience.

If market trends continue as they are, we should see more offensive sectors rotate into the top five. This shift, in turn, should help us overcome the current drawdown and eventually bring us ahead of the S&P again.

Remember, investing is a marathon, not a sprint. Periods of underperformance are normal and to be expected. The key is to stay disciplined and trust in your strategy.

#StayAlert and have a great week. –Julius


Former Russian Transport Minister Roman Starovoit died by suicide on Monday, just hours after Russian President Vladimir Putin fired him from the job, officials said.

Starovoit was dismissed by Putin on Monday morning. The decree announcing his dismissal was published on the official Kremlin website, with his deputy Andrey Nikitin appointed acting minister.

Asked by reporters for the reasons behind Starovoit’s dismissal, Kremlin spokesperson Dmitry Peskov denied this was due to a “lack of trust,” but he did not give any alternative reason.

The Investigative Committee of Russia said in a statement that Starovoit’s body was found inside a car in Odintsovo, a suburb of Moscow. He was found with a gunshot wound, the committee said. It said the circumstances of his death were being investigated but the “main theory is suicide.”

Before he became a minister in May 2024, Starovoit was the governor of the southern Russian Kursk region. While he left the post before Ukraine’s surprise incursion, he was partially blamed for security failures in the Russian region.

The dismissal came amid a multi-day disruption to air travel in Russia. Russian Federal Agency for Air Transport said 485 flights were canceled, 88 were diverted and 1,900 were delayed over the weekend and into Monday.

The agency said the cancellations were down to “external interference,” without giving any specifics. But the Russian Defense Ministry said more than 400 Ukrainian long-range strikes were intercepted during the same period of time.

The Ukrainian military said it also struck a chemical plant in Krasnozavodsk, north of Moscow early on Monday. It said the plant manufactures “pyrotechnic devices and ammunition, including thermobaric warheads for Shahed-type” drones.

Another deadly night in Ukraine

At least 12 civilians were killed and more than 90 injured in Russian attacks across Ukraine in the 24 hours to mid-morning on Monday, according to Ukrainian authorities.

At least 29 people, including three children aged 3, 7 and 11, were injured when Russian drones hit a residential building, a kindergarten and a commercial area at 6 a.m. local time Monday (11 p.m. ET on Sunday) in Kharkiv in northeastern Ukraine.

At least 17 more people, including a teenage boy, were injured when the same city was struck with drones again just five hours later, according to Kharkiv mayor Ihor Terekhov.

The Ukrainian Air Force said Russia fired four surface-to-air missiles and 101 Shahed-type drones at Ukraine in the past 24 hours, adding that it downed 75 of the drones either by shooting them down or by jamming.

The Land Forces of Ukraine said on Monday that two of its recruitment offices were hit by Russian drones on Monday, the latest in a string of similar incidents.

Six draft offices across the country have been attacked by Russian drones in just over a week, the Land Forces said in a statement, adding that they believed Russia was attacking the offices in an attempt to disrupt the Ukrainian military’s enlistment process.

At least two people have been killed and more than a dozen injured in these attacks, the statement said.

This post appeared first on cnn.com

“Something can be born out of everything – if you want it to,” said Iris Haim, whose hostage son Yotam was killed in Gaza. Those words are helping her find hope.

The new beginning that Haim now longs for is a grandchild, created from sperm she had harvested from Yotam’s body upon its return home in December 2023.

Yotam, 28, was kidnapped by Hamas-led militants from kibbutz Kfar Aza on October 7, 2023. After spending 65 days in captivity, he was mistakenly shot by Israeli troops on December 15, 2023 along with two other hostages, Alon Shamriz and Samer Talalka, as they attempted to flee their captors in northern Gaza.

Yotam is the only Israeli hostage whose sperm is known to have been retrieved posthumously, and whose family is lobbying to use it to have a child.

Haim says Yotam, a single man at the time of his death, always wanted children. “Yotam really wanted that – he talked about it a lot,” she said.

A total of 205 hostages have so far been returned, 148 of whom were released alive, and 57 returned dead, according to Prime Minister Benjamin Netanyahu’s office. Most had been dead for weeks, if not months, making the men’s sperm no longer viable for use – except for Yotam’s. That’s where his mother saw an unexpected opportunity to have what would be her first grandchild.

Chances of successful sperm retrieval are highest in the first 24 hours after death, with the cut-off time being 72 hours, according to the Israeli government.

There are currently 50 Israeli hostages held in Gaza, of whom at least 20 are believed to be alive. Both Hamas and Israel have accepted a new ceasefire proposal and indirect negotiations on a deal have restarted, raising hopes that more could return home soon.

Uncharted territory

Haim remembers with painful clarity the moment Israeli authorities came to her home and told her about her son’s death. “Yotam was killed. By friendly fire. While escaping Hamas captivity. He was mistakenly identified as a terrorist,” Haim recalled the officers saying.

Half an hour after they broke the news of Yotam’s death, one officer approached Haim and whispered, “you can request sperm retrieval,” Haim said. The process “immediately got started, immediately,” she said.

Yotam’s sperm was retrieved within the necessary window of time. Ten samples were extracted, “enough for five children,” Haim recalled being told by the doctor who performed the procedure.

Haim now faces an uphill battle to get approval to use his sperm to produce a grandchild. If she succeeds, her next challenge would be to find a woman to carry the child and raise it.

Sperm lives on briefly after death, which is why it’s possible for doctors to retrieve it from testicular tissue. Any live sperm cells found are transferred and frozen in liquid nitrogen.

None, however, can be used without approval from a family court, where Haim now faces an uphill battle to continue her son’s lineage.

In Israel, extracting sperm from a dead body is permitted, but there is no law that clearly defines the process of using the sperm for the purpose of producing offspring.

“In Israeli law, we don’t have a law for this procedure,” Nily Shatz, Haim’s lawyer, said, adding that family courts have only approved posthumous use of sperm by parents of the deceased to produce a child twice in the past; however, the second case was later overturned after an appeal brought by the state. “All the other cases were rejected.”

The first case was that of a woman who after years of court battles was able to have a grandchild after proving that her son, who was killed in Gaza in 2002, wanted children, according to Shatz. The court, however, declared that the ruling should not be perceived as a precedent, saying legislators must decide on the matter in the future. The second case was that of a couple who are still fighting in court to have a grandchild with retrieved sperm of their late son, who died in 2012.

Extreme caution

Meirav Ben-Ari, a lawmaker in Israel’s parliament, the Knesset, is pushing for a bill that formally allows family members to use retrieved sperm even if the deceased had not specifically stated his wish to have a child posthumously, as long as they can prove the deceased would have wanted a child.

Netanyahu’s coalition is made up of some of the most religiously conservative parties ever to hold power in Israel, including ultra-Orthodox and far-right religious Zionist factions whose agendas are reshaping the country’s legal and social fabric.

Shatz, Haim’s lawyer, said that after the horrors of October 7, it was past time for parliament to pass a law on the issue, especially as families of hundreds of fallen soldiers retrieve the sperm of their dead.

But while Haim longs to be a grandmother, the issue of using the sperm of deceased men remains controversial. It raises ethical, religious and legal questions that lawmakers are yet to address.

For now, cases are assessed individually by the family courts, Shatz said. And since there are varying opinions in government about the practice, each case is viewed with extreme caution, she said.

At the moment, for families to use the sperm of their deceased, they must prove to the courts that the person who died wanted children, even after his death.

Yotam’s family is working to prove that he wanted children by providing testimony from relatives, friends and his therapist, but such intangible proof is likely to be harder for many others to present.

“There’s no logical way (where) usually people say that I want a child, even if I’m going from the world,” Shatz said, noting this isn’t something ordinary men think about, especially when young.

Sperm retrievals soared after October 7

Posthumous sperm retrieval (PSR) in Israel was previously open only to partners – provided other relatives did not object – while parents of the deceased had to apply for legal permission. Following the October 7 attacks, the Ministry of Health loosened the rules.

“In previous years, approximately 15–20 such retrievals were performed annually,” the ministry said.

For Haim, having a grandchild is a way to prove that Israel will keep growing despite the massacre.

“Every mother whose child was killed wants to have something from that child, not just photos. She wants something tangible,” Haim said, her eyes briefly filling with tears. “As the people of Israel, we need to understand today that, after October 7, we need to keep growing – to show our enemies that our way, this continuity of our lives here in this country, and in general, is through the creation of new life.”

“That forces you to be in this situation. That’s what war is doing to us,” he said.

Levine advocates for soldiers to decide early whether they’d like to have children, and for them to preserve their sperm while they are still alive.

Some have also called for soldiers to leave a “biological will,” a testament that lays out an individual’s wishes when it comes to posthumous use of eggs or sperm, whether they are retrieved after death or frozen while the person is still alive.

‘The knock on the door’

Bella Savitsky, whose son Jonathan died in combat on October 7, opted to retrieve his sperm and got approval for it, but it came too late.

Savitsky, a senior lecturer in the School of Health Sciences at Ashkelon Academic College, said studies show a maximum of 36 hours since time of death is the only time that retrieved sperm can be usable, a shorter timeframe than that cited by the Israeli government. This window is narrower in Israel because the hot weather can affect the sperm’s quality in dead bodies, she said.

On October 9, 2023, Savitsky received “the knock on the door” from authorities, telling her that her 21-year-old son had been killed in heavy fighting at an army outpost near Gaza.

“He wanted to get married, to have children, a dog, and a home in the countryside.”

It took many hours for Savitsky to obtain a court order allowing the harvesting of her son’s sperm.

“Altogether, it took 70 hours,” she said. “So, when the posthumous sperm retrieval was done, it was not intact. There was no live sperm.”

Ethical considerations

Sperm retrieval after death undoubtedly raises complex moral, ethical, judicial and religious questions. While technology has advanced, critics say the law has not kept up.

Experts say the controversy stems from the lack of clear consent from the father and the idea of bringing a child into the world who is fatherless from the outset.

“You are bringing into the world a child whose parent is known, named and deceased. This has a significant psychological impact and is different from a single-parent family,” Siegal said.

Some may also object to having children that effectively serve as a monument to the deceased father.

In that case, “the grandparents are seeking a ‘memorial’ – a form of commemoration – or trying to recreate something that cannot be recreated,” Siegal said. There are also religious considerations, as “retrieving sperm is an intrusive act, and in Judaism, there is a critical prohibition against desecrating the dead,” he said.

To mitigate these issues, Savitsky believes that young men should be asked whether they would want their sperm to be posthumously retrieved before they enter army service, but said the ministry of defense may be wary of implementing this as it could dent troop morale.

For Haim, despite the difficulties, the battle to have a grandchild gives her strength in the face of the tragedy she faces after October 7, as well as hope for the future.

In May, the State Attorney’s Office gave a green light in principle for Haim to use Yotam’s sperm. That was a first step towards what may be a long journey for her to have a grandchild. The family still needs to present evidence to prove that Yotam would have wanted a child, Shatz, Haim’s lawyer said.

“In the end, the reality did happen to us on October 7. So now – what will we do with that reality? Cry, wail, say, why did this happen to us?” she asked.

“Yes, a disaster happened. Period. But what else happened? A lot of amazing things also happened. That’s where I’m aiming (for).”

This post appeared first on cnn.com

King Charles III will highlight the crucial bonds between the United Kingdom and France in the face of a “multitude of complex threats” as he welcomes President Emmanuel Macron for the first state visit by a European leader since Brexit.

The French leader’s three-day visit to the UK kicks off on Tuesday and sees Charles and Queen Camilla host Macron and his wife Brigitte at Windsor Castle, with a glittering banquet at the royal residence in the evening.

In his toast on Tuesday evening, the King is expected to praise the strength of Anglo-French relationship as “our two countries face a multitude of complex threats, emanating from multiple directions,” according to Britain’s PA Media news agency.

“As friends and as allies, we face them together,” he will say.

Charles will also reflect on the “shared history and culture between our two peoples” and express his “awe of France’s extraordinary attributes and achievements.”

The Macrons were greeted off the plane by the Prince and Princess of Wales on their arrival at RAF Northolt, west of London, and will travel together to Windsor where they will be treated to a full ceremonial welcome by the King and his wife.

Rolling out the red carpet for the first visit by a French president to the UK since 2008, the pomp and pageantry that Britain is known for will be on full display.

The King is pulling out all the stops for Macron’s visit, with a carriage procession through the streets of Windsor to the historic castle. There in the quadrangle, the French president will be met with an honor guard while the regimental band plays the French and British national anthems, followed by a lunch in the lavish State Dining Room joined by additional members of the royal family.

Macron will have a busy afternoon, taking a trip into London to lay a wreath at Westminster Abbey’s Grave of the Unknown Warrior before giving an address to lawmakers in the Palace of Westminster’s Royal Gallery.

In the days ahead, the French leader will hold several meetings with UK Prime Minister Keir Starmer as the pair seek to further heal the wounds after years of Brexit-fueled animosity.

Their talks are expected to focus on support for defense and security cooperation as well as tackling illegal migration across the Channel. On Thursday, the pair will join a UK-France Summit at Downing Street.

Support for Ukraine will also be a priority for the two leaders as they seek to build momentum around their “Coalition of the Willing” – the European peacekeeping force created in March. They are also expected to visit a military base in northwest London where they will dial into a meeting of the informal group of nations working to bolster support for Ukraine.

Both leaders have faced political challenges at home amid an increasing fractured landscape, and have suffered from decreasing popularity in recent polls. It’s likely they’ll be hoping the visit offers a much-needed, if fleeting, boost.

Major deals on Ukraine and curbing migrant boat crossings seem unlikely but even more humble announcements would illustrate a further resetting of the relationship between the two nations.

This post appeared first on cnn.com

A man died after he was sucked into the engine of a departing plane at Milan airport in northern Italy, local media reported on Tuesday.

Corriere della Sera newspaper reported that unnamed airport officials said an individual ran onto the tarmac as the plane was preparing to take off and got sucked into the engine.

Officials resumed flights from the transit hub on Tuesday midday local time, according to the airport, after they temporarily delayed flights due to the incident.

This is a developing story and will be updated.

This post appeared first on cnn.com

Four workers were killed and at least 22 others were injured in a fire that broke out on Monday at a key data centre in Cairo, Hossam Abdel Ghaffar, the spokesperson at Egypt’s Health Ministry, told Reuters on Tuesday.

The blaze at a Telecom Egypt ETEL.CA facility, which state TV said was contained on Monday, caused disruptions to communications across the capital.

Egypt’s Minister of Communications and Information Technology, Amr Talaat, said in a statement on Tuesday that services will be gradually restored within 24 hours.

In a statement on Tuesday, Telecom Egypt said it mourned the employees that lost their lives and offered support for their families.

The fire halted phone calls, and disrupted internet access, with internet monitoring group Netblocks saying network data showed national connectivity at 62% of ordinary levels.

The health ministry posted alternative numbers for ambulance services across different governorates in case people were unable to reach its main hotline.

Besides phone calls, some digital banking services were also impacted including credit cards, ATM machines and online transactions, a bank source and residents said on Monday. Banks had already been closed for the day.

The injuries were mostly because of smoke inhalation, health ministry spokesperson Ghaffar said on Monday.

The state news agency MENA said on Monday the fire had been prevented from spreading to the entire building and neighbouring rooftops.

An initial examination indicated that the fire was likely to have been caused by an electrical short circuit, MENA cited a security source as saying.

This post appeared first on cnn.com

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to update shareholders on the on-going surface exploration in preparation for drilling at the La Union Gold-Silver Project in Sonora, Mexico. Questcorp has an Option earn a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

Questcorp President & CEO, Saf Dhillon, stated: ‘We are pleased with the progress Riverside has made as we complete the preliminary exploration steps, in finalizing our drill targets for the upcoming maiden drill program at La Union. The decades of in country exploration experience that John-Mark and his Riverside team diligently bring to focus at the La Union project is very evident as they continue to further de-risk the up-coming 1,500 metre drill program.’

Figure 1: Cross section IP with interpreted structures and targets from Union new Induced Polarity geophysics survey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/257897_4d60e7d2c4556af9_001full.jpg

La Union operator Riverside Resources has successfully completed two IP lines over the La Union and La Union Norte mines respectively, highlighting chargeability and resistivity features at depth which will guide the placement of the first ever drill holes on the property, as well as correlating with mapped mineralized zones and former workings.

A drone magnetic survey was flown over the property to provide structural context, follow up potential intrusive feeders and provide information about potential faults beneath the pediments and post-mineral young cover units.

Ongoing surface geochemistry and mapping continues to strengthen the targeting pipeline, particularly across exposed gold-rich manto zones and along the margins of shallow post-mineral gravel pediment cover. These efforts are focused on delineating the transition zones from covered to exposed mineralization and establishing structural controls that may influence ore continuity at depth.

The La Union Project

The La Union Project is a carbonate replacement deposit (‘CRD’) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.

The technical and scientific information in 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 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp Mining Inc. 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% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and 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. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257897

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

 

 

Trading resumes in:

 

Company: Stallion Uranium Corp.

 

TSX-Venture Symbol: STUD

 

All Issues: Yes

 

Resumption (ET): 9:30 AM  

 

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

 

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

 

 

 

  View original content: http://www.newswire.ca/en/releases/archive/July2025/07/c5804.html  

 

 

 

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

 

 Kobo Resources Inc. (TSX.V: KRI):

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250707763650/en/  

 

 

2024 Kobo Cup Winner, Kossou

 

 

  Kobo Cup  

 

The Kobo Cup was created as a way to launch Kobo Resources’ community engagement efforts in a way that felt local and genuinely rooted in the lives of the people we work alongside. In Côte d’Ivoire, as across much of Africa, football is more than a sport. It’s a shared language, a daily ritual, and a powerful force that brings people together across generations.

 

Despite its modest scale, the Kobo Cup 2024 sparked something powerful. It proved that football could be more than a game; it could be a platform for community connection, for showcasing local identity and for inspiring youth. It showed us what’s possible when we invest in more than just infrastructure, we invest in culture.

 

That initial match planted the seed for a bigger vision: to make the Kobo Cup an annual, community-rooted tournament that grows in both reach and impact each year. That’s why, for the second edition of the Kobo Cup, Kobo Resources has stepped it up, transforming the single match into a dynamic multi-team tournament featuring the villages of Kossou, Bocabo, and Angossé, all located in the vicinity of Kobo’s flagship property The Kossou Gold Project for the 2025 edition, scheduled for late November. This expansion reflects our ongoing commitment to community engagement and inclusion, ensuring more youth, more talent, and more villages get to take part in the celebration.

 

For 2025, we introduced a village jersey design workshop, allowing young people who may never play on the field to still be part of the tournament in a powerful way.

 

  The Workshop  

 

On Monday June 16 th , 2025 at the Kobo Camp situated on the Kossou License, creativity took center stage. A handful of young people from Kossou, Bocabo, and Angossé gathered for an inspiring art workshop, hosted by Kobo Resources in partnership with African Boyz Club, to design the official jerseys their villages will proudly wear at Kobo Cup 2025.

 

This workshop marked more than a moment of artistic expression. It was the beginning of something bigger: a celebration of identity, talent, and the belief that everyone, on and off the field, has a role to play in the story of their community.

 

The session began with freehand sketching. Pens, pencils, and blank pages quickly filled with bold symbols, vibrant colors, and personal visions, each design inspired by the history, culture, and energy of the youth’s own communities.

 

The workshop was led by two Ivorian artists from African Boyz Club, who brought not only artistic expertise but a deep understanding of how art can empower. They guided the youth through a process that was both creative and intentional, encouraging them to think of their designs as visual representations of village pride, unity, and voice.

 

Each village’s final jersey design was converted into a professional tech pack by Kobo’s design team. These original creations will be produced and unveiled for the upcoming Kobo Cup tournament, bringing authenticity, pride, and ownership to the pitch like never before.

 

  More Than a Match  

 

At Kobo Resources, our commitment to community runs deeper than development. This initiative reflects our belief in youth empowerment, cultural expression, and meaningful local engagement. It’s part of our broader Corporate Social Responsibility (CSR) vision, one that celebrates not just what we do, but how and with whom we do it.

 

This entire journey, from creative expression in June to athletic excellence later this year, is enhanced by incredible local partnerships:

 

  •   African Boyz Club , a company based in Abidjan, is leading the way in the youth workshop, offering creative guidance and mentorship as the children design jerseys and create transfer art rooted in their local experiences.
  •  

  •   Coast 2 Coast Entertainment is playing a key role in the tournament itself, by providing high-quality football equipment to every player across all participating teams. This ensures that when it’s time to step on the pitch, every player is equally equipped and ready to play, no matter where they come from.
  •  

Together, these partners help Kobo Resources ensure that both the workshop and the tournament reflect our shared values: inclusion, fairness, and celebration of local talent.

 

Both partners, led by Ivorian men deeply connected to their communities, embody the spirit of the Kobo Cup: grassroots empowerment, local talent, and sustainable contribution. Through art they’re helping transform the Kobo Cup into a space where creativity, culture, and sport intersect.

 

  Kobo is proud to sponsor the Kobo Cup for its second year and even more so with local partners such as African Boyz Club and Coast 2 Coast Entertainment. Our commitment to maintaining strong community relations is being reflected through the organization of such sporting events which in turn help infuse a sense of hope that anything is possible in this world through selfless engagement. – Edward Gosselin, CEO, Kobo Resources.   

 

  Football became a tool for social transformation, a universal language that unites, inspires, and opens real pathways for youth in Côte d’Ivoire. We’re proud to support young players by making sure every player steps onto the field equipped, equal, and inspired. – Cheikh-Louis Tall, CEO, Coast 2 Coast   

 

  To us like sport, art is a highway to a better tomorrow by winning self- confidence and developing curiosity. Through our involvement in the Kobo Cup, we’re proud to guide young people as they turn their ideas into symbols of village pride, unity, and expression. – Fred Gnaoré, Founder, African Boyz Club   

 

At Kobo Resources, community integration is more than a commitment, it’s a cornerstone of how we work. Through initiatives like this workshop, we aim to create opportunities that go beyond the project and stay rooted in the lives of those around us.

 

As the countdown to Kobo Cup 2025 begins, the energy is already building. And when the players step onto the field, they’ll wear more than a jersey, they’ll wear a story, designed by the youth, for the village, and for the future.

 

About Kobo Resources Inc. 

 

 Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

 

For more information, please visit www.koboresources.com .

 

  

 

  View source version on businesswire.com:    https://www.businesswire.com/news/home/20250707763650/en/   

 

 

For further information:

 

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com  

 

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc. 

 

News Provided by Business Wire via QuoteMedia

This post appeared first on investingnews.com

 

 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘ FPX ‘ or the ‘ Company ‘) is pleased to report that it has received a multi-year area-based (‘ MYAB ‘) permit from the government of British Columbia to support the renewal of drilling activities at the Baptiste Nickel Project (‘ Baptiste ‘ or ‘ the Project ‘) in 2025.  This year’s drilling program has commenced successfully, targeting the completion of geomechanical, hydrogeological, and condemnation holes to complement the Project dataset for the feasibility study and the Company’s planned entry into the environmental assessment (‘ EA ‘) process in the second half of 2025.

 

  Highlights  

 

  • Receipt of multi-year area-based permit covers all anticipated Baptiste field activities required for the feasibility study (‘ FS ‘) and follows a robust engagement process with nearby First Nations communities before and throughout the permitting process
  •  

  • Phase one FS engineering field investigations to be completed with drilling to occur over an approximate 8-week period beginning in early July
  •  

  • Approximately 2,800 m of geomechanical, hydrogeological, and condemnation drilling is planned around the Project site for this first phase of the FS field program, with most of the meterage focused within the open-pit footprint, focused on long-lead data collection for the EA and FS
  •  

  • Over 75% of fieldwork expenditures are anticipated to be disbursed under the terms of contracts awarded to First Nations-owned or -affiliated businesses operating in central British Columbia  
  •  

‘We are pleased to have received the MYAB permit, which sets the stage for conducting all field activities required for the feasibility study and the commencement of the EA process,’ said Martin Turenne , FPX’s President and CEO. ‘Throughout the permitting process, we have continued to benefit from our collaboration with the government of British Columbia’s Critical Minerals Office, which has played an important role in ensuring a robust engagement process with all impacted First Nations. We continue to build on our inclusive relationships with the multiple First Nations communities connected to the Project, including the proposed mine site and associated off-site infrastructure such as the powerline and access road, and we are proud to support those communities in maximizing their economic participation in this year’s program.’

 

 

   

 

 

  Feasibility Study Field Work  

 

In connection with the environmental and cultural baseline study works ongoing at Baptiste since 2022, FPX has commenced the first phase of FS engineering field investigations. This year’s program is focused on long-lead data collection that will support the EA process, as well as improved engineering definition within the open-pit footprint.

 

Approximately 2,800 m of geomechanical drilling, hydrogeological drilling, and condemnation drilling is planned around the Project site in 2025, with most of the meterage focused within the open-pit footprint.  The second phase of the FS engineering field investigation program is expected to be undertaken in 2026 and will include resource in-fill drilling, further geomechanical drilling, further hydrogeological drilling, and ex-pit geotechnical drilling. Following the completion of the second phase of engineering field investigations, the FS is expected to be completed in 2027.

 

  Cultural and Environmental Baseline Studies  

 

Cultural and environmental baseline studies have been ongoing for the Baptiste Nickel Project since early 2022 and include surface water hydrology and water quality, wildlife, vegetation, fisheries and aquatics, and archeology programs. Ongoing and expanded programs were completed in 2024 in preparation for the EA process. The 2025 program is continuing to study the Project area, and includes ongoing wildlife, climate, hydrology, water quality and hydrogeology work.

 

The cultural and environmental studies for the Project are being conducted by local First Nations-owned and -affiliated businesses in the Project area. This approach targets the integration of First Nations perspectives into the scoping and execution of these studies and provides a strong collaborative basis for the EA process, which the Company plans to initiate in the second half of 2025.

 

  Daniel Apai , P.Eng., FPX’s Vice President, Projects, FPX’s Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

 

  About the Baptiste Nickel Project  

 

The Company’s Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex.  The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a very high-grade product that does not require any intermediate smelting or complex refining.  The Baptiste mineral claims cover an area of 453 km 2 west of Middle River and north of Trembleur Lake, in central British Columbia.  In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit.  Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste.

 

FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders. In 2024, the Province of British Columbia identified the Baptiste Nickel Project as the first project to be included in the Province’s new Critical Minerals Office (‘ CMO ‘) concierge service initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project’s entry into the environmental assessment process.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s website at https://fpxnickel.com/.  

 

On behalf of FPX Nickel Corp.

 

‘Martin Turenne’
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

 

   

 

 

SOURCE FPX Nickel Corp.

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/07/c0114.html  

 

 

 

News Provided by Canada Newswire via QuoteMedia

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