Source: Streetwise Reports 11/07/2024

Tectonic Metals Inc. (TSXV: TECT; OTCQB: TETOF; FSE: T15B) announced the successful closing of its private placement, which was significantly oversubscribed, raising CA$5,349,171. This amount surpassed the company's initial target. Initially announced on October 4, 2024, this extension raised an additional CA$1,691,712 through the issuance of 28,195,200 units priced at CA$0.06 per unit. This total combined the funds from the second tranche with those from the initial tranche and previous offering rounds.

Each unit in the placement includes one common share and one-half of a common share purchase warrant, with each full warrant exercisable at CA$0.10 until two years from the offering's close. LIFE units from the offering are freely tradeable, while non-LIFE units are subject to a four-month hold period. In this latest tranche, CA$591,708 was generated through LIFE units, with 9,861,800 common shares and 4,930,900 warrants issued, while HOLD units contributed CA$1,100,004, resulting in the issuance of 18,333,400 common shares and 9,166,700 warrants.

Finder's fees in cash totaling CA$98,143 were paid to Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp., Roche Securities Ltd., Gerhard Merkel, and Black Oak Ventures Ltd. Additionally, Tectonic issued 1,635,714 non-transferable common share purchase warrants to these finders, each exercisable at CA$0.10 until November 1, 2026. The cumulative finder's fees for both the extended and initial offerings amount to CA$226,029, with 3,767,153 finder's warrants issued. This private placement was approved by the TSX Venture Exchange (TSXV).

Why Gold?

On October 29, Kitco Media's Gary Wagner reported on gold nearing US$2,800, attributing this surge to a mix of "geopolitical conflicts, Federal Reserve interest rate normalization, and strong demand from global central banks." This combination, which Wagner referred to as a "perfect storm," has pushed gold prices up by approximately 35% this year. Emerging market central banks have notably increased their gold reserves as part of a strategic shift away from the U.S. dollar, adding further support to the metal's robust price performance.

Further insights from LiveMint on October 30 revealed a strong performance in the gold sector, with MCX gold rates surging in India. This was partly fueled by cultural factors and a rise in retail demand. Chintan Mehta, CEO of Abans Holdings, emphasized gold's safe-haven appeal, stating, "Gold stands out in times of uncertainty . . . a complete safe-haven unlike silver." Despite potential near-term dips, Mehta suggested that such declines would present valuable buying opportunities amid continued demand for gold.

In a November 4 report, Egon von Greyerz, founder of VON GREYERZ AG, highlighted the consistent historical role of gold as a protective asset. He took particular note of gold's rise in times of financial instability. He observed, "Gold doesn't lie…an ounce of gold in 1923 was worth 87 trillion Marks," underscoring gold's resilience during currency devaluations. He further anticipated that gold's journey was "only starting now," driven by the ongoing devaluation of fiat currencies.

Tectonic's Catalysts

The capital raised through Tectonic's private placement aims to support exploration and development at the company's Flat Gold Project in Alaska, a promising district-scale opportunity for open-pit heap leach gold mining. As outlined in the company's October 2024 investor update, Tectonic has prioritized "economic mine" criteria, highlighting heap leach processing potential, high gold recovery rates, and infrastructure access through on-site airstrips and nearby river barge routes, which reduce logistical costs.

The company's exploration strategy benefits from strong partnerships and technical expertise, particularly its milestone partnership with Doyon Limited, Alaska's largest private landholder, and Crescat Capital, which together hold significant ownership in Tectonic. Additionally, Tectonic's technical team has established a 100% drill success rate at the Chicken Mountain target, identifying zones of gold mineralization and potential higher-grade starter pits. According to Tectonic's October 2024 presentation, the company's "disciplined, upfront de-risking strategy" aims to secure long-term value and sustainable operational progress at the Flat Gold Project.

Analysts Talk Tectonic

*Technical analyst Clive Maund strongly endorsed Tectonic Metals Inc., rating it an "Immediate Strong Buy" on October 4. Maund emphasized the potential for "spectacular gains" as Tectonic's stock showed clear signs of a bullish reversal. He noted a "giant Double Bottom base pattern," indicating a rally from lows, supported by an "exceptionally positive volume pattern" and a strengthening Accumulation line, both bullish signals. [OWNERSHIP_CHART-10225]

Maund also highlighted Tectonic's Flat Project, noting its substantial scale and favorable mining conditions, especially within the Chicken Mountain Intrusion, where all 74 drill holes intersected gold mineralization, hinting at a "big resource." Additionally, Maund remarked on Tectonic's strategic partnerships. These include Doyon Ltd., which holds nearly 10% of the company's stock, underscoring strong local support and shareholder stability. These factors contributed to his confidence in the stock's growth potential, concluding that the current price represented a strong entry point.

Ownership and Share Structure

Institutions hold around 32.3%. Doyon Ltd has 9.9% and Crescat Capital has 22.3%. 15% of Tectonic is held by insiders and other institutions.The rest is retail.

Tectonic has a market cap of US$16.92 Million with 342.61 Million Free Float Shares. Their 52-week range is US$0.045 - 0.17

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Important Disclosures:

1. Tectonic Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Tectonic Metals Inc.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

* Disclosure for the quote from the Clive Maund article published on October 4, 2024

1. For the quoted article (published on October 4, 2024), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

( Companies Mentioned: TSXV: TECT;OTCQB: TETOF;FSE: T15B, )

TMI Climate Solutions, a manufacturer of advanced air handling, hydronic systems, and custom HVAC solutions, has announced a new subsidiary, TMI Climate Solutions Canada Inc. The company also announced completion of a new 200,000-square-foot manufacturing plant in Pointe-Claire (Montreal), Quebec.

UBS is sticking to its bullish gold forecast.

• says the move higher for equities and lower for gold is a 'highly optimistic' view for lower policy and political risk, this is premature
• expect US yields and US dollar to move into downtrend, which will support gold
• gold fundamentals, as a hedge and diversity play, are intact

One day only.
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Note it seems they may be stopping newsletter post mailouts from now on.

Readings are usually more expensive than Amazon so check Amazon prices before buying but it’s good to support local stores and get your book on the spot with knowledgeable service.

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The victory of Donald Trump in the US presidential election intensified the demand for crypto assets. XRP is on its journey to the broader crypto market. The growth of XRP was capped by the Securities and Exchange Council’s plan to appeal crucial rulings in the ripple case. The appeal from the SEC has negatively impacted [...]

The Rotary Clubs of Bermuda recently held a cleanup at the Riddles Bay Mangrove Reserve, while also inspiring the island’s Brownies to “become stewards of the environment.” A spokesperson said, “This year, the Rotary Clubs of Bermuda have been cited for their interest and continued concern about the environment. Rotarians held a most successful cleanup […]

Flaws in the Ask for Angela scheme have been exposed in a BBC undercover investigation.

The National Hajj Commission of Nigeria, on Wednesday, failed to give an accurate account of how the N90bn subsidy paid by the Federal Government for the 2024 Hajj exercise was utilised. The House of Representatives, in July 2024, set up the panel, following the adoption of a motion titled, “Urgent need to investigate the National

Multichoice Group has announced that its Nigerian subsidiary lost 243,000 subscribers across its DStv and GOtv services between April and September 2024. The pay TV platform in its financial result for the year ended September 30, 2024, published on Tuesday, said the high cost of food, electricity, and petrol has forced many of its customers […]

The post MultiChoice Nigeria loses 243,000 subscribers in six months first appeared on Business Hallmark.

The United States is pursuing an inquiry into Russian clients that UBS (UBSG.S) took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny of one of the world’s biggest wealth managers. The US sanctions enforcement agency, OFAC, has written to the bank as part of this inquiry, two people […]

[Leadership] The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.

[Business Day Africa] Africa's biggest pay-television company Multichoice Group has reported a 99 percent dip in half-year profits on the back of subscriber decline and foreign exchange volatility in the operating environment.

Wouldn't it be nice if you could go out for a run without fear of being harmed? Technology has a way of making us both safer and at greater risk while out and about, but a new tool from Strava might help with the former. Strava has announced Night Heatmaps, a feature that shows which areas have more activity — or "heat" — between sunset and sunrise. Yes, Heatmaps is the feature that accidentally revealed the location of US military bases. 

The update is a welcome one with sunset getting very early in some areas of the world, while night seems to last late into the morning. It also comes alongside a new Weekly Heatmap, which shows heat levels in an area over the last seven days. Again, this can help you know which paths will have the most people, but at all times of the day. While this added awareness is great for knowing where to go, some people might also purposely choose to avoid the busiest times, for fear of unwanted attention (there's no winning here). 

In either case, the Night and Weekly Heatmaps are only available on subscriber accounts (a membership will cost you $12 monthly or $80 annually). It's also worth noting that Heatmaps pull solely from public activities on Strava, so you're not getting the full story of how many people go where. 

Night and Weekly Heatmaps join the Global Heatmaps (also subscriber exclusive) and your Personal Heatmap. You can access any of them through the Map tab and filter the Heatmap by activity type. 

Hydrow, a company that makes smart rowing machines, just announced the Core, a new model that eschews monthly subscription fees. The Hydrow Core Rower features the “same award-winning design” as the original Pro Rower, which we said was positioning itself to be “the Peloton of smart rowing machines.”

Obviously, the hook here is that the Core is a one-and-done purchase with no recurring subscription costs. It still comes with an attached display, which lets users “row through stunning destinations.” All told, this machine offers access to 30 self-paced rows through these exotic locales.

The Core Rower supports unlimited users, which is nice, but there is one major caveat. There’s no subscription, so there’s no access to instructor-led workouts, badges, milestones and other premium features. However, customers can add a membership later for all of that stuff. Hydrow charges $44 per month for a subscription. It could be useful to try it out for a month to see if all of those additional bells and whistles are worth it.

The Hydrow Core Rower is available right now and costs $1,995. This is the exact same price as the flagship Pro Rower. The company also recently released a trimmed down version called the Hydrow Wave. This one is smaller and cheaper, clocking in at around $1,700.

LONDON — UK's King Charles will celebrate his 76th birthday on Thursday (Nov 14) by opening two food distribution hubs which are part of his project designed to cut waste and support charities that help those who are hungry. Last year, the king, an outspoken campaigner on environmental issues and supporter of a sustainable economy, launched the 'Coronation Food Project', his mission to 'bridge the gap between food waste and food need'. On Thursday, the monarch will open the initiative's first two food hubs — distribution centres which are designed to save and circulate tonnes of surplus food. He will visit one of the hubs in south London which will host a 'surplus food festival' making meals created from food which would have gone to waste, as well as virtually opening the other site in northern England. Their aim is to make it easier for food charities such as FareShare and the Felix Project to provide support for those in need, Buckingham palace said. It said since the launch of the scheme, the project had helped save an additional 940 tonnes of surplus food which was to the equivalent of more than 2.2 million meal portions.

Wolt has announced its partnership with global financial app

UBS has concluded a pilot for its blockchain-based payment...

Sommers, M J; Gingras, M K; MacNaughton, R B; Fallas, K M; Morgan, C A. Bulletin of Canadian Petroleum Geology vol. 68, no. 1, 2020 p. 1-29, https://doi.org/10.35767/gscpgbull.68.1.1
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Bukhari, S; Eyles, N; Sookhan, S; Mulligan, R; Paulen, R; Krabbendam, M; Putkinen, N. Boreas 2021 p. 1-25, https://doi.org/10.1111/bor.12522
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Continental bowling league action at the Warwick Lanes saw the Cubs defeat New Hope 24 – 3, the game between the Odd Balls and Spicenix end in a 13.5 – 13.5 draw, while the Under Dawgs defeated The Invaders 19 – 8 and the Astronauts defeated the Sunset 18 – 9. High Scratch Games Women […]

The continental bowling league continued at the Warwick Lanes, with the Cubs defeating the Sunset 18.5 – 8.5, the Odd Balls defeated the Astronauts 24 – 3, and the Nifty Rollers defeated The Invaders 24 – 3. High Scratch Games Women Marilou Minors 179 Lee Ann Landy 177 Debbie Ball 174 Men Jermaine DeSilva 268 […]

The continental bowling league 2024/25 season continued at the Warwick Bowl. The Cubs defeated the Invaders 27 – 1, the Odd Balls defeated the Sunset 19.5 – 7.5, the Under Dawgs defeated the Astronauts 22 – 5, and the Nifty Rollers defeated New Hope 24 – 3. High Scratch Games Women Kennisha Simmons 211 Terrylyn […]

Many of us have heard some wild and awkward junk said by teachers, but the substitutes are an interesting bunch. They seem to inhabit this weird gray area of accountability, and are somehow absolutely free to not give a rip. For some more teacher stuff, here are kids' hilarious misconceptions about teachers.

The company is offering fresh equities to the public worth Rs 10,000 crore totalling approximately 92.59 crore shares.

History: The three were tried at University Church of St Mary the Virgin, the official church of Oxford University on the High Street. The martyrs were imprisoned at the former Bocardo Prison near the still extant St Michael at the Northgate church (at the north gate of the city walls) in Cornmarket Street. The door of their cell is on display in the tower of the church. The martyrs were burnt at the stake just outside the city walls to the south, where Broad Street is now located. Latimer and Ridley were burnt on 16 October 1555. Cranmer was burnt five months later on 21 March 1556. A small area cobbled with stones forming a cross in the centre of the road outside the front of Balliol College marks the site. The Victorian spire-like Martyrs' Memorial, at the south end of St Giles' nearby, commemorates the events. It is claimed that the scorch marks from the flames can still be seen on the doors of Balliol College (now rehung between the Front Quadrangle and Garden Quadrangle).

Windmill launched Monitor in August 1998 and mailed it to just 42 people. Very soon after they started offering their data acquisition software suite free to everyone signing up. At that time it cost non-subscribers Euro 500,00 to purchase the software - so not surprisingly a great many people took advantage and tried the software for free. In fact, around 70% of subscribers still download the software and they've given away over 17000 copies of Windmill! Dedicated to PC-based data acquisition and control, Monitor is sent by e-mail every month.

Over 25000 people are now receiving Monitor, the free newsletter for PC-based data acquisition and control.

More than 25000 people are now receiving Monitor (ISSN 1472-0221), the free newsletter for PC-based measurement and control.

Title: How Is Substance-Induced Psychosis Treated?
Category: Diseases and Conditions
Created: 4/1/2022 12:00:00 AM
Last Editorial Review: 4/1/2022 12:00:00 AM

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I usually prefer running platformio from command line so I can stream the build process into my backup and recovery processes. With versioning, I can roll back to a know good working build. I am most often building Marlin firmware for my 3D print farm so there is a small example of the build commands […]