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Investors looking for exposure to the silver price and silver-mining companies should consider silver exchange-traded funds (ETFs).

Spurred by moves in the gold market, safe-haven buying as well as increasing demand from industrial sectors, in the fourth quarter of 2025 the price of silver broke through its all-time high of US$49.95, which it set in 1980, and set a new-all time high of US$58.83.

While silver has often been seen as a more approachable precious metal owing to its lower per ounce price, its performance has lagged gains seen in the gold price over the past few years. However, silver has stolen some of the spotlight in 2025 as it sees significant gains on the back of geopolitical tension and economic uncertainty from the US trade and tariff policy.

Like gold investing, investors can invest in silver in several ways that each offer their own pros and cons, along with differing costs and risks. For example, investors can purchase physical silver bars or coins, or trade silver futures.

Another way for investors to diversify their portfolio with silver is to invest in ETFs. These products work similarly to mutual funds in that they pool investor resources into an asset. However, as their name suggests, ETFs are traded on exchanges like stocks, making them more accessible to investors than mutual funds are.

While ETFs aren’t without risk, they can offer a more stable investment compared to individual stocks thanks to their diversification and the fact that they are often managed and rebalanced.

Silver ETFs come in several forms, such as ones that hold physical silver and ones that hold silver mining, royalty and exploration stocks. Investors looking to start trading silver ETFs should be aware of the options available to them to determine which silver ETF will best suit their precious metals investing needs and risk tolerance.

Here’s a brief look at 10 of the top silver ETFs by total assets. The first five ETFs offer exposure to the price of silver, while the last five provide exposure to silver-mining stocks.

Assets and prices for these silver ETFs were collected on December 1, 2025, using data from the funds’ web pages.

5 ETFs for exposure to the silver price

1. iShares Silver Trust (ARCA:SLV)

Total assets: US$26.33 billion
Unit price: US$51.21

The iShares Silver Trust provides investors with access to the silver price performance, using the London Bullion Market Association silver price as its benchmark.

As the iShares Silver Trust’s web page warns, it is not an investment company registered under the Investment Company Act of 1940, or a commodity pool under the Commodity Exchange Act. Because of this, it is not subject to the regulatory requirements that apply to mutual funds or ETFs.

This silver trust holds 508 million ounces of silver bullion.

2. Sprott Physical Silver Trust (ARCA:PSLV,TSX:PSLV)

Total assets: US$11.61 billion
Unit price: US$18.65

The Sprott Physical Silver Trust is an option for investors looking for the security of physical silver without the need to find secure storage.

The ETF is backed by 191.12 million ounces of silver held in trust in fully allocated London Good Delivery silver bars.

Additionally, the ETF is fully convertible into physical silver, should investors decide they want the precious metal on hand. However, the fund states that holders ‘must have enough units to equate to ten 1000 oz silver bars.’

3. Aberdeen Standard Physical Silver Shares ETF (ARCA:SIVR)

Total assets: US$3.71 billion
Unit price: US$53.71

The Aberdeen Standard Physical Silver Shares ETF’s investment objective is for its shares to reflect the performance of the silver price less the expenses of the trust’s operations. It has an expense ratio of 0.3 percent.

This ETF comes with the same warnings as the iShares Silver Trust.

The fund is backed with 45.51 million ounces of silver held with JPMorgan Chase Bank in London in a secured vault.

4. ProShares Ultra Silver ETF (ARCA:AGQ)

Total assets: US$1.33 billion
Unit price: US$107.32

The ProShares Ultra Silver ETF, established in 2008, was designed to offer daily investment results that correspond with twice the daily performance of the Bloomberg Silver Subindex. Because of this, the ETF is aimed at investors who are bullish on silver and able to monitor their investments on a daily basis.

The fund uses derivatives such as futures contracts to invest in silver and has an expense ratio of 0.95 percent.

5. ProShares UltraShort Silver ETF (ARCA:ZSL)

Total assets: US$73.71 million
Unit price: US$9.51

The ProShares UltraShort Silver ETF is designed to provide investors with a hedge against declines in the silver market. ProShares launched it alongside the ProShares Ultra Silver ETF in late 2008. It also has an expense ratio of 0.95 percent.

Because the fund is built around providing results at a negative two times daily performance of the Bloomberg Silver Subindex, it is meant for traders who have a high capacity for risk and who are willing to monitor their positions on a daily basis. The fund should be treated in the same way as the Ultra Silver ETF.

5 ETFs for exposure to silver-mining stocks

1. Global X Silver Miners ETF (ARCA:SIL)

Total assets: US$3.93 billion
Unit price: US$77.66

The Global X Silver Miners ETF gives investors access to a basket of silver-mining and royalty stocks. The ETF benefits from the fact that these companies can climb when the silver price is rising. It also allows investors to avoid the risks associated with individual companies and lets them add geographical diversity to their portfolios.

This ETF has an expense ratio of 0.65 percent, and its top holdings include streaming company Wheaton Precious Metals (TSX:WPM,NYSE:WPM) at a weight of 22.5 percent, Pan American Silver (TSX:PAAS) at a weight of 12.3 percent and Coeur Mining (NYSE:CDE) at 8.1 percent.

2. Amplify Junior Silver Miners ETF (ARCA:SILJ)

Total assets: US$2.97 billion
Unit price: US$26.09

The Amplify Junior Silver Miners ETF bills itself as the ‘first and only ETF to target small cap silver miners.’ The index provides a benchmark for investors to track public small-cap companies in the silver space.

The ETF has an expense ratio of 0.69 percent and its holdings span Canada, the US and the UK, with key silver companies such as Hecla Mining Company (NYSE:HL) at a weight of 11.3 percent, First Majestic Silver (TSX:AG,NYSE:AG) at 10.3 percent and Coeur Mining at 8.7 percent.

3. iShares MSCI Global Silver Miners ETF (BATS:SLVP)

Total assets: US$630 million
Unit price: US$31.59

The iShares MSCI Global Silver Miners ETF tracks an index composed of global equities of companies primarily engaged in silver exploration or metals mining.

The ETF has the lowest expense ratio of the three ETFs focused on silver stocks at 0.39 percent.

The large majority of companies in its holdings, about 69 percent, are traded on Canadian exchanges, and companies on US and Mexican exchanges combine for 27 percent.

The top three holdings for the iShares MSCI Global Silver Miners ETF are Hecla Mining at a weight of 15.5 percent, Industrias Peñoles (BMV:PE&OLES) with a weight of 11.7 percent and Fresnillo (LSE:FRES) at 10 percent.

4. Sprott Silver Miners & Physical Silver ETF (NASDAQ:SLVR)

Total assets: US$453.7 million
Unit price: US$51.31

The Sprott Silver Miners & Physical Silver includes a combination of physical silver holdings as well as equities, setting it apart from the other silver-mining ETFs on the list.

The fund launched in January 2025, making it one of the newest entries to the list. Its management fee is 0.65 percent.

This silver ETF’s second largest holding is its counterpart Sprott Physical Silver Trust, which provides investors exposure to physical silver, at a 14.3 percent weight. Its other top holdings are First Majestic Silver at 27.12 percent and Endeavour Silver (TSX:EDR,NYSE:EXK) at 10.6 percent.

5. Sprott Active Gold and Silver Miners ETF (NASDAQ:GBUG)

Total assets: US$134.42 million
Unit price: US$41.18

Established in February 2025, the Sprott Active Gold and Silver Miners ETF is designed to provide investors broad access to both gold and silver equities. Additionally, as an active fund, it will see more frequent rebalancing to increase the potential of better returns for investors.

The fund’s top holdings consist of OceanaGold (TSX:OGC,OTCQX:OCANF) weighted at 4.32 percent, G Mining Ventures (TSX:GMIN,OTCQX:GMINF) at 4.18 percent and Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) at 4.16 percent.

Its management fee is 0.89 percent.

Securities Disclosure: I, Dean Belder, hold an investment in Sprott Active Gold and Silver Miners ETF.

This post appeared first on investingnews.com

The Eastern Expansion Drill Program Identified Several Mineralized Northwest Structures Hosting Shallow Mineralization Encountered Within a 1.2 Kilometre Trend

EASTERN EXPANSION PROGRAM HIGHLIGHTS:

  • At least three mineralized northwest oriented structures have been identified within the 1.2 kilometre eastern expansion trend running parallel to the Pittsburg-Monarch fault that suggest a series of footwall fault splays as opposed to a singular east-west structure;
  • TXC25-173 cut 0.92 metres of 2,122.7 grams per tonne (g/t) silver equivalent (AgEq) (1,162 g/t silver (Ag) & 8.79 g/t gold (Au)) from 220.9 metres, and a separate zone of 1.04 metres grading 534.8 g/t AgEq (189.8 g/t Ag & 3.16 g/t Au) from 215.5 metres;
  • TXC25-178 drilled 6.4 metres of 296.6 g/t AgEq (135.7 g/t Ag & 1.47 g/t Au), including 0.46 metres of 3,853 g/t AgEq (1,771 g/t Ag & 19.06 g/t Au) from 183.8 metres in a north-south oriented structure within the M&I Conversion Area at DPB South; and

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) announces the final results from its fully-funded eastern expansion drill program (the ‘Eastern Expansion Program’ or the ‘Program’) at its 100% owned Tonopah West project located in Nye and Esmeralda Counties, Nevada, United States (‘Tonopah West’).

The Eastern Expansion Program was a follow up to the Company’s successful Scout drilling program completed at Tonopah West in February 2025 (see March 31, 2025 news) which shows additional upside for the shallow southern portion of the Denver-Paymaster and Bermuda-Merten vein groups (‘DPB South‘) resource area (the ‘M&I Conversion Area‘) to expand the resource area 1,200 metres in an easterly direction (the ‘Eastern Expansion Zone‘).

The Company commenced the Eastern Expansion Program in July 2025 within the Eastern Expansion Zone, utilizing reverse circulation (RC) drilling with RC pre-collars to establish initial holes, which were then deepened using diamond core drilling (core tails) for more detailed geological analysis. The Program drilled a total of 6,798 metres (22,896 feet) in twenty-four drillholes, however, only 22 drillholes were completed, as two pre-collar holes were not usable for core tails. Of the 22 completed drillholes, three were core holes completed from surface.

Andrew Pollard, Blackrock’s President and CEO, stated, ‘Whereas we set out to target a single east-west mineralized structure, drilling from our Eastern Expansion Program has defined at least three distinct, parallel mineralized zones oriented northwest. These structures appear to be splays off the Pittsburgh-Monarch fault system. Each of these zones has intersected shallow, high-grade, and thick mineralization, indicating significant potential for further expansion in the area. Additionally, drilling in the M&I Conversion Area at DPB South has successfully connected previously isolated intercepts, confirming the presence of north-south trending structures and suggesting additional tonnage potential. Work on our upcoming mineral resource estimate and preliminary economic assessment is now underway and on track for a targeted completion date in February 2026. These will incorporate data from both our Northwest and Eastern Expansion drill programs.’

Table 1 summarizes the final results of the Eastern Expansion Program using a cut-off grade of 150 g/t AgEq.

Table 1: Eastern Expansion Drill Program Significant Results Using a 150 g/t AgEq Cut-off Grade

Drillhole
ID
Program Area Hole
Type
From (m) To (m) Drillhole
Interval
(m)
Ag g/t Au g/t AgEq g/t
TXC25-168 E Expansion DPB South RC/Core 298.03 299.86 1.83 73.7 0.754 156.1
Including 298.03 298.34 0.31 353.0 3.680 754.8
TXC25-171 M&I Conversion DPB South RC/Core 185.99 186.69 0.70 122.0 1.100 242.1
TXC25-171 M&I Conversion DPB South RC/Core 247.19 249.33 2.13 85.7 0.855 179.1
TXC25-173 E Expansion DPB South RC/Core 215.53 216.56 1.04 189.8 3.159 534.8
TXC25-173 E Expansion DPB South RC/Core 220.98 221.90 0.92 1,162.0 8.798 2,122.7
TXC25-178 M&I Conversion DPB South RC/Core 161.54 162.61 1.07 158.5 2.126 390.6
TXC25-178 M&I Conversion DPB South RC/Core 183.80 190.20 6.40 135.7 1.474 296.6
Including 188.37 188.82 0.46 1,771.0 19.067 3,853.0
TXC25-178 M&I Conversion DPB South RC/Core 270.36 271.43 1.07 108.9 1.439 266.0
Including 271.12 271.43 0.31 375.0 4.750 893.7
AgEq = Ag + Au/(Factor); where Factor = (Ag Price/Au Price)*(Ag Recovery/Au Recovery) or Factor=($27/$2,700)*(87%/95%)=0.009157; True thickness is 75% to 85% of drill interval; NSV=No values above cut off; Cut-off grade is 150 gpt AgEq; RC/Core = RC pre-collar with core tail; Core is core from the surface.

 

The Eastern Expansion Program encountered at least three northwest oriented structures which appear to be mineralized and offset the southern caldera margin to the northeast. The structures are parallel to the Pittsburg-Monarch fault and suggest a series of footwall fault splays associated with the main Pittsburg-Monarch fault. Figure 1 below shows the approximate location and orientation of the northwest fault system.

Drilling to date shows shallow, high-grade, and thick zones of mineralization in each of these structures and suggest increased expansion potential along this northwest structural corridor. Historically, the Pittsburg-Monarch fault was considered an ore control within the district with the thickest historically mined veins at Victor and Ohio abutting the main fault. The Company’s drilling in the Eastern Expansion Zone has returned thick vein intervals of gold and silver along the parallel structures confirming the importance of the Pittsburg-Monarch and its footwall fault splays.

Two drillholes, TXC25-171 and TXC25-178, were drilled in the M&I Conversion Area. These drillholes were directed to the west to understand several north-south structures encountered in the previous drilling. The Program was successful in capturing high-grade drill intervals from the north-south structures and shows there are multiple mineralized structures with similar orientation in the area.

Figure 1: Leapfrog model showing northwest oriented structures in the Eastern Expansion area

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/276546_9dcdee45e417e956_001full.jpg

Although below the cut-off grade of 150 g/t AgEq, drillholes TXC25-167, -168, -175, -176, -177 and TXC25-179 were mineralized with silver equivalent values ranging between 31 and 133 g/t AgEq. Table 2 shows the range of gold and silver values encountered along the northwest oriented structures.

Table 2: Mineralized Drillholes from the Eastern Expansion program that are below the 150 g/t AgEq cut-off

Drillhole
ID
Program Area Hole
Type
From (m) To (m) Drillhole
Interval
(m)
Ag g/t Au g/t AgEq g/t
TXC25-167 E Expansion Ohio RC/Core 368.96 372.01 3.05 133.0 0.002 133.2
TXC25-169 E Expansion DPB South RC/Core 196.90 199.95 3.05 1.2 0.480 53.6
TXC25-175 E Expansion Ohio RC/Core 277.98 279.69 1.71 14.2 0.155 31.2
TXC25-176 E Expansion Ohio Core 192.51 194.46 1.95 13.9 0.173 32.8
TXC25-177 E Expansion Ohio Core 177.09 178.31 1.22 2.5 0.467 53.5
TXC25-179 E Expansion Ohio Core 235.55 236.46 0.91 23.3 0.270 52.8
TXC25-179 E Expansion Ohio Core 262.28 263.35 1.07 16.9 0.167 35.1
AgEq = Ag + Au/(Factor); where Factor = (Ag Price/Au Price)*(Ag Recovery/Au Recovery) or Factor=($27/$27,00)*(87%/95%)=0.009157; True thickness is 75% to 85% of drill interval; NSV=No values above cut off; Cut-off grade is 150 gpt AgEq; RC/Core = RC pre-collar with core tail; Core is core from the surface.

 

Figure 2: Drillhole location map for the Eastern Expansion drillholes reported in this news release

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/276546_9dcdee45e417e956_002full.jpg

Below are all the drillhole intervals above the 150 g/t AgEq cut off from the program showing the upside potential of the Eastern Expansion Zone.

Table 3: Eastern Expansion Program Significant Results Using a 150 g/t AgEq Cut-off Grade (TXC25-156 to TXC25-166 released on October 27, 2025)

Drillhole
ID
Program Area Hole
Type
From (m) To (m) Drillhole Interval
(m)
Ag g/t Au g/t AgEq g/t
TXC25-158 E Expansion DPB South RC/Core 146.30 147.83 1.52 123.0 0.852 216.0
TXC25-158 E Expansion DPB South RC/Core 272.83 273.86 1.04 17.9 2.353 274.8
Including 273.56 273.86 0.30 59.8 7.970 930.1
TXC25-158 E Expansion DPB South RC/Core 340.31 341.13 0.82 56.9 0.671 130.2
TXC25-159 E Expansion DPB South RC/Core 234.18 242.93 8.75 90.3 0.943 193.3
Including 241.65 242.47 0.82 567.7 5.953 1,217.8
TXC25-160 E Expansion DPB South RC/Core 146.30 147.83 1.52 79.4 6.660 806.6
TXC25-164 E Expansion DPB South RC/Core 180.44 186.11 5.67 3.6 2.379 263.4
Including 185.01 186.11 1.10 9.2 8.670 955.9
TXC25-166 E Expansion Ohio RC/Core 160.17 160.78 0.61 114.9 1.658 296.0
TXC25-166 E Expansion Ohio RC/Core 165.20 170.23 5.03 306.8 4.062 750.3
Including 166.73 168.56 1.83 724.1 8.577 1,660.6
TXC25-168 E Expansion DPB South RC/Core 298.03 299.86 1.83 73.7 0.754 156.1
Including 298.03 298.34 0.31 353.0 3.680 754.8
TXC25-171 M&I Conversion DPB South RC/Core 185.99 186.69 0.70 122.0 1.100 242.1
TXC25-171 E Expansion DPB South RC/Core 247.19 249.33 2.13 85.7 0.855 179.1
TXC25-173 E Expansion DPB South RC/Core 215.53 216.56 1.04 189.8 3.159 534.8
TXC25-173 E Expansion DPB South RC/Core 220.98 221.90 0.92 1,162.0 8.798 2,122.7
TXC25-178 M&I Conversion DPB South RC/Core 161.54 162.61 1.07 158.5 2.126 390.6
TXC25-178 M&I Conversion DPB South RC/Core 183.80 190.20 6.40 135.7 1.474 296.6
Including 188.37 188.82 0.46 1,771.0 19.067 3,853.0
TXC25-178 M&I Conversion DPB South RC/Core 270.36 271.43 1.07 108.9 1.439 266.0
Including 271.12 271.43 0.31 375.0 4.750 893.7
AgEq = Ag + Au/(Factor); where Factor = (Ag Price/Au Price)*(Ag Recovery/Au Recovery) or Factor=($27/$2,700)*(87%/95%)=0.009157; True thickness is 75% to 85% of drill interval; NSV=No values above cut off; Cut-off grade is 150 gpt AgEq; RC/Core = RC pre-collar with core tail; Core is core from the surface.

 

Figure 3: Tonopah West expansion potential

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/276546_9dcdee45e417e956_003full.jpg

Figure 4: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum UTM, NAD 1927, Zone 11)

Drillhole ID Area Program Type UTM_NAD27 E UTM_NAD27 N Elevation
(m)
Depth
(ft)
Depth
(m)
Azimuth Dip
TXC25-167 Ohio E Expansion RC/Core 478778.0 4213176.0 1824.5 1302.0 396.8 25 -60
TXC25-168 DPB South E Expansion RC/Core 478600.0 4213250.0 1800.0 1072.0 326.7 180 -65
TXC25-169 DPB South E Expansion RC/Core 478460.0 4213340.0 1800.0 939.0 286.2 180 -65
TXC25-170 Ohio E Expansion RC/Core 478910.0 4213200.0 1835.0 894.0 272.5 230 -70
TXC25-171 DPB South M&I Conversion RC/Core 478105.0 4213222.0 1789.0 1315.0 400.8 270 -50
TXC25-172 Ohio E Expansion RC/Core 478778.0 4213176.0 1824.5 898.5 273.9 225 -65
TXC25-173 DPB South E Expansion RC/Core 478540.0 4213310.0 1800.0 903.0 275.2 180 -75
TXC25-174 Ohio E Expansion RC/Core 479014.0 4213300.0 1822.0 921.0 280.7 40 -70
TXC25-175 Ohio E Expansion RC/Core 479046.0 4213457.0 1820.0 1232.0 375.5 40 -50
TXC25-176 Ohio E Expansion Core 478540.0 4213310.0 1800.0 1060.0 323.1 210 -75
TXC25-177 Ohio E Expansion Core 478495.0 4213405.0 1791.0 732.0 223.1 0 -90
TXC25-178 DPB South M&I Conversion RC/Core 478113.0 4213139.0 1791.0 1728.5 526.8 270 -50
TXC25-179 Ohio E Expansion Core 478460.0 4213340.0 1800.0 922.0 281.0 0 -90

 

Quality Assurance/ Quality Control

All sampling is conducted under the supervision of the Company’s project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The RC samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where they are loaded on to American Assay Laboratory’s (AAL) flat-bed truck and delivered to AAL’s facility in Sparks, Nevada. A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company’s instructions.

The RC samples are lined out at the lab and logged into AAL’s system. The samples are dried, crushed to 85% passing 10 mesh (2mm) and a 250-gram sub-sample split is collected and pulverized to 200 mesh (74 micron) in a ring and puck pulverizer. Then the pulverized material is digested and analyzed for gold using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid digestion and ICP analysis (ICP-5AM48). Over limits for gold and silver are determined using a gravimetric finish (GRAVAU30 and GRAVAG30). Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified reference material approximately every 15th to 20th sample.

Qualified Persons

Blackrock’s exploration activities at Tonopah West are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. He has reviewed and approved the contents of this news release.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the Company’s strategic plans; the anticipated objectives and results from the Company’s drill programs at Tonopah West; the timing of completion of an updated mineral resource estimate and preliminary economic assessment on Tonopah West; the Company’s de-risking initiatives at Tonopah West; estimates of mineral resource quantities and qualities; estimates of mineralization from drilling; geological information projected from sampling results; and the potential quantities and grades of the target zones.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information, Contact:

Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276546

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

The White House confirmed and defended conducting a second strike against alleged drug smugglers in the Caribbean in September, amid the Trump administration’s crusade targeting the influx of drugs into the U.S. 

The White House’s statement comes after the Washington Post reported Friday that Secretary of Defense Pete Hegseth verbally ordered that a Sept. 2 attack kill everyone on board the alleged drug boat, drawing scrutiny from lawmakers who are requesting additional oversight into the strikes. The Post reported that a second strike was conducted to take out the remaining survivors on the boat. 

Although the Pentagon pushed back against the report, White House press secretary Karoline Leavitt did not deny that a second strike occurred and told reporters Monday that the strike Sept. 2 was conducted ‘in self-defense’ in international waters ‘in accordance with the law of armed conflict.’ 

The White House said Monday that Hegseth authorized the second strike, but the head of U.S. Special Operations Command, Adm. Frank ‘Mitch’ Bradley, ordered and directed it. At the time of the strike, Bradley was serving as the commander of Joint Special Operations Command, which falls under U.S. Special Operations Command. 

‘On September 2nd, Secretary Hegseth authorized Admiral Bradley to conduct these kinetic strikes,’ Leavitt said. ‘Admiral Bradley worked well within his authority and the law, directing the engagement to ensure the boat was destroyed and the threat to the United States of America was eliminated.’

When asked to confirm that Bradley was the one who ordered the second strike, Leavitt said that he was ‘well within his authority to do so,’ but declined to disclose whether the second strike was ordered because there were survivors remaining from the first strike. 

Leavitt also disputed that Hegseth ever gave an initial order to ensure that everyone on board was killed, when asked specifically about Hegseth’s instructions. 

‘I would reject that the secretary of War ever said that,’ Leavitt said. ‘However, the president has made it quite clear that if narco-terrorists, again, are trafficking illegal drugs toward the United States, he has the authority to kill them.’

The White House’s statements on the matter don’t completely align with the Pentagon’s. On Friday, the Pentagon denied the Post’s reporting in its entirety. 

‘We told the Washington Post that this entire narrative was false yesterday,’ Pentagon spokesperson Sean Parnell said in a post on social media Friday. ‘These people just fabricate anonymously sourced stories out of whole cloth. Fake News is the enemy of the people.’ 

The Pentagon did not immediately respond to a request for comment from Fox News Digital.

Meanwhile, the report has prompted lawmakers on both sides of the aisle to ask additional questions about the operations, and press for additional oversight. 

‘This committee is committed to providing rigorous oversight of the Department of Defense’s military operations in the Caribbean,’ Reps. Mike Rogers, R-Ala., and Adam Smith, D-Wash., who lead the House Armed Services Committee, said in a statement on Saturday. ‘We take seriously the reports of follow-on strikes on boats alleged to be ferrying narcotics in the SOUTHCOM region and are taking bipartisan action to gather a full accounting of the operation in question.’

Spokespeople for the committee did not respond to a request for comment from Fox News Digital regarding the nature of these additional oversight efforts. 

Additionally, the top Democrat on the Senate Foreign Relations Committee, Sen. Jeanne Shaheen, D-N.H., said Monday that she is calling for an investigation into the matter as well, and said that Hegseth ‘owes answers to the American people immediately.’

The Trump administration has carried out more than 20 strikes against alleged drug boats in Latin American waters, and has bolstered its military presence in the Caribbean to align with Trump’s goal to crack down on the influx of drugs into the U.S.

The White House also confirmed Monday that Trump is slated to hold a meeting on Monday evening to discuss future actions concerning Venezuela. 

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The House unanimously passed a bill on Monday barring anyone linked to Hamas’ Oct. 7, 2023 attack on Israel from moving to the United States.

It’s a rare moment of bipartisanship on the topic of Israel, an issue that’s otherwise exacerbated deep fractures within both parties in the House of Representatives — particularly for Democrats.

The Republican-led legislation is called the ‘No Immigration Benefits for Hamas Terrorists Act of 2025’ and was introduced by Rep. Tom McClintock, R-Calif.

It passed the House by voice vote on Monday afternoon, meaning it advanced with unanimous approval without lawmakers taking individual votes on the bill.

‘There are still some things we can come together on in this body, and one of them is opposition to Hamas and the terrorism they unleashed on civilians in Israel more than two years ago,’ McClintock told Fox News Digital.

‘What this does is place them in the same category as Nazi collaborators in the Holocaust, which are also referenced in the Immigration Nationality Act.’

The bill now heads to the U.S. Senate, where a parallel effort was introduced earlier this year by Sens. Marsha Blackburn, R-Tenn., and Jacky Rosen, D-Nev.

McClintock told Fox News Digital he was hopeful the Senate would take up the bill — while noting it passed the House last term as well without the upper chamber taking action.

‘The repeated actions of the House in passing this bill, I think, will hopefully inspire the Senate to take it up this year and send it to the president,’ he said. ‘It’s important for two reasons. Number one, to prevent a future Joe Biden from admitting such people, and to empower a future Donald Trump presidency to keep them out.’

The legislation would amend existing U.S. immigration law to deem ‘any alien who carried out, participated in, planned, financed, afforded material support to, or otherwise facilitated any of the attacks against Israel initiated by Hamas beginning on October 7, 2023’ inadmissible to the country.

It would also add Hamas and Palestinian Islamic Jihad to the list of terror groups whose members and supporters are barred from the U.S. under the Immigration and Nationality Act.

It comes after a Gazan native, Mahmoud Amin Ya’qub Al-Muhtadi, who was residing in Louisiana, was arrested earlier this year over his alleged involvement in the Oct. 7 attack.

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President Donald Trump threw himself in the middle of Honduras’ razor-thin presidential race on Monday, warning that there would be ‘hell to pay’ if election officials altered the results.  

Writing on Truth Social, Trump, without offering evidence, accused Honduras of ‘trying to change the results.’

‘If they do, there will be hell to pay! The people of Honduras voted in overwhelming numbers on November 30th,’ Trump said.

The president’s remarks came hours after Ana Paola Hall, president of the National Electoral Council, wrote on X that the preliminary rapid reporting system that began providing results Sunday night had reached its conclusion with votes 57% tallied.

Their count showed a close race between two conservative candidates, Nasry Asfura of the National Party and Salvador Nasralla of the Liberal Party, with Asfura holding a narrow lead of only a few hundred votes. Rixi Moncada, the democratic socialist LIBRE candidate, trailed roughly 20 percentage points behind.  

‘It is imperative that the Commission finish counting the Votes,’ Trump wrote. ‘Hundreds of thousands of Hondurans must have their Votes counted. Democracy must prevail!’

Officials have said the count would continue but did not specify when updated totals would be released, and parts of the council’s online system appeared to have been taken down.

Just before the freeze, Trump had endorsed Asfura, calling him the ‘only Honduran candidate his administration would work with and saying he would fight ‘narco-communists’ alongside the U.S.

Both leading candidates have pointed to the close tally as evidence that they are ahead – though both men have stopped short of declaring victory.

Trump’s announcement that he would pardon former Honduran President Juan Orlando Hernández, who is now serving a 45-year U.S. sentence – also loomed large over the race, underscoring how U.S. politics can intrude in the country’s politics.

Trump’s latest warning injects new pressure into an already hostile post-election environment. The outcome will determine whether the Latin American country shifts away from the ruling LIBRE party and have deep impacts on its future relationship with Washington.

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President Donald Trump is continuing to advocate for the Senate GOP to nix the filibuster.

In a Monday Truth Social post, the president shared a video featuring clips of former Attorney General Eric Holder, who opined that if Democrats win a ‘trifecta’ in the 2028 elections, the prospect of expanding the Supreme Court should be under consideration. 

Holder made the comment while speaking with Ben Meiselas, co-founder of MeidasTouch, which posted the video last month.

In the Monday Truth Social post, Trump referred to Holder, who served under Democratic President Barack Obama, as an ‘Obama sycophant’ and said that ‘Eric Holder (known as ‘FAST AND FURIOUS’) just gave a Speech where he emphatically stated, above all else, that Democrats will PACK the Supreme Court of the United States if they get the chance. The word is, he wants 21 Radical Left Activist Judges, not being satisfied with the heretofore 15 that they were seeking.’

Trump suggested that eliminating the filibuster would enable Republicans to win in the 2026 midterm elections and the 2028 White House contest.

‘It will be 21, they will destroy our Constitution, and there’s not a thing that the Republicans can do about it unless we TERMINATE THE FILIBUSTER, which will lead to an easy WIN of the Midterms, and an even easier WIN in the Presidential Election of 2028,’ he asserted.

‘Why would the Republicans even think about giving them this opportunity? The American People don’t want gridlock, they want their Leaders to GET THINGS DONE — TERMINATE THE FILIBUSTER, AND HAVE THE MOST SUCCESSFUL FOUR YEARS IN THE HISTORY OF OUR COUNTRY, BY FAR, WITH NOT EVEN THE HINT OF A SHUTDOWN OF OUR GREAT NATION ON JANUARY 30TH!’ Trump declared in the post.

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White House envoy Steve Witkoff is in Moscow is set to meet Russian President Vladimir Putin Tuesday after a whirlwind weekend of negotiations with Ukraine aimed at securing a peace deal.

All eyes are on Putin as Witkoff and Jared Kushner, President Donald Trump’s son-in-law and occasional foreign policy envoy, feel out whether Putin might agree to the 19-point proposal they finalized with Ukrainian counterparts following initial U.S.-Russian talks.

The latest round of diplomacy represents the most active push toward a potential settlement since the full-scale invasion in 2022, but negotiators acknowledge that significant obstacles remain. Core disputes over territory, Ukraine’s long-term security arrangements, and the conditions for any ceasefire are unresolved, and officials say progress will depend on whether Putin shows flexibility during this week’s meetings.

After an initial 28-point plan brokered by Witkoff and Russian envoy Kirill Dmitriev was viewed by Kyiv as too favorable to Moscow, U.S. and Ukrainian officials went back to the drawing board. They met in Geneva at the end of November to work through a trimmed-down version of the plan and again over the weekend in Florida to hammer out additional details.

Both sides said the talks were productive but offered no specifics on which issues still divide them.

‘So much work remains,’ Secretary of State Marco Rubio said after the meeting. ‘But today was again a very productive and useful session where I think additional progress was made.’

‘There’s a good chance we can make a deal,’ Trump said.

Despite the momentum, the two sides remain far apart. Several of the most sensitive issues were left for a meeting between principal leaders.

Russia insists Ukraine cannot join the North Atlantic Treaty Organization — even though Ukraine amended its constitution to make NATO membership a national objective. In the original 28-point plan, Russia also demanded Ukraine reduce its peacetime armed forces to 600,000.

European and Ukrainian officials instead floated an 800,000 cap, according to the Financial Times. Ukraine currently fields around 880,000 troops, up from about 209,000 before the 2022 invasion.

The largest impasse remains territorial concessions. A draft of the earlier proposal suggested recognizing Crimea and large parts of the Luhansk, Donetsk, Kherson and Zaporizhzhia regions as de facto Russian.

Complicating the process is the sudden removal of Ukrainian President Volodymyr Zelenskyy’s chief of staff and chief negotiator, Andriy Yermak, who resigned after a corruption probe led to a raid of his home. Yermak had publicly insisted days earlier that Ukraine would not give up land for peace. 

‘Not a single sane person today would sign a document to give up territory,’ he told The Atlantic magazine. 

Putin said at the end of November he was ready for ‘serious’ talks but also asserted that Russia has the upper hand and would halt fighting only if Ukrainian forces withdraw from territory it has recaptured on the front lines.

‘If they don’t withdraw, we will achieve this by force,’ he said.

Analysts say Washington still has levers it could use if negotiations stall, including tightening sanctions and expanding military assistance to Ukraine. But many of the most powerful economic measures — such as penalties on major Russian energy and financial entities — are already in place, and the U.S. has provided Ukraine with tens of billions of dollars in military aid since 2022. 

That leaves a narrower set of options if the talks reach an impasse.

Trump has voiced frustration with the slow pace of diplomacy in recent days, saying publicly that he believed a resolution ‘should have happened a long time ago,’ though officials have not indicated that Washington is preparing to walk away from the talks.

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PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.

Dozens of airlines from Asia to the United States said they had carried out a snap software retrofit ordered by Airbus, and mandated by global regulators, after a vulnerability to solar flares emerged in a recent mid-air incident on a JetBlue A320.

Airbus said on Monday that the vast majority of around 6,000 of its A320-family fleet affected by the safety alert had been modified, with fewer than 100 jets still requiring work.

JetBlue Airbus A320 planes at LaGuardia Airport in New York City.Nicolas Economou / NurPhoto via Getty Images file

But some require a longer process and Colombia’s Avianca continued to halt bookings for dates until December 8.

Sources familiar with the matter said the unprecedented decision to recall about half the A320-family fleet was taken shortly after the possible but unproven link to a drop in altitude on the JetBlue jet emerged late last week.

Shares in Airbus were down 2.1% in early trading in Paris.

Following talks with regulators, Airbus issued its 8-page alert to hundreds of operators on Friday, effectively ordering a temporary grounding by ordering the repair before next flight.

“The thing hit us about 9 p.m. [Jeddah time] and I was back in here about 9:30. I was actually quite surprised how quickly we got through it: there are always complexities,” said Steven Greenway, CEO of Saudi budget carrier Flyadeal.

The instruction was seen as the broadest emergency recall in the company’s history and raised immediate concerns of travel disruption particularly during the busy U.S. Thanksgiving weekend.

The sweeping warning exposed the fact that Airbus does not have full real-time awareness of which software version is used given reporting lags, industry sources said.

At first airlines struggled to gauge the impact since the blanket alert lacked affected jets’ serial numbers. A Finnair passenger said a flight was delayed on the tarmac for checks.

Over 24 hours, engineers zeroed in on individual jets.

Several airlines revised down estimates of the number of jets impacted and time needed for the work, which Airbus initially pegged at three hours per plane.

“It has come down a lot,” an industry source said on Sunday, referring to the overall number of aircraft affected.

The fix involved reverting to an earlier version of software that handles the nose angle. It involves uploading the previous version via a cable from a device called a data loader, which is carried into the cockpit to prevent cyberattacks.

At least one major airline faced delays because it lacked enough data loaders to handle dozens of jets in such a short time, according to an executive speaking privately.

UK’s easyJet and Wizz Air said on Monday they had completed the updates over the weekend without cancelling any flights.

JetBlue said late Sunday it expected to have completed work to return to service 137 of 150 impacted aircraft by Monday and plans to cancel approximately 20 flights for Monday due to the issue.

Questions remain over a subset of generally older A320-family jets that will need a new computer rather than a mere software reset. The number of those involved has been reduced below initial estimates of 1,000, industry sources said.

Industry executives said the weekend furor highlighted changes in the industry’s playbook since the Boeing 737 MAX crisis, in which the U.S. plane maker was heavily criticized over its handling of fatal crashes blamed on a software design error.

It is the first time Airbus has had to deal with global safety attention on such a scale since that crisis. CEO Guillaume Faury publicly apologized in a deliberate shift of tone for an industry beset by lawsuits and conservative public relations. Boeing has also declared itself more open.

“Is Airbus acting with the Boeing MAX crisis in mind? Absolutely — every company in the aviation sector is,” said Ronn Torossian, chairman of New York-based 5W Public Relations.

“Boeing paid the reputational price for hesitation and opacity. Airbus clearly wants to show … a willingness to say, ‘We could have done better.’ That resonates with regulators, customers, and the flying public.”

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Trading in the securities of Corazon Mining Limited (‘CZN’) will be halted at the request of CZN, pending the release of an announcement by CZN.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of:

  • the commencement of normal trading on Wednesday, 3 December 2025; or
  • the release of the announcement to the market.

CZN’s request for a trading halt is attached below for the information of the market.

Issued by
ASX Compliance

Click here for the full ASX Release

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Here’s a quick recap of the crypto landscape for Friday (November 28) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$91,192.19, down by 0.2 percent over 24 hours.

Bitcoin price performance, November 28, 2025.

Chart via TradingView.

However, the expert added that whale selling is keeping upside momentum fragile, preventing Bitcoin’s recovery from becoming a sustained trend. Hasn also noted that while derivatives market indicators show some stabilization, the rebound lacks the aggressive leverage buildup that typically supports strong rallies.

Friday’s derivatives data reinforces this view. Open interest fell 0.13 percent over four hours as traders trimmed positions. Liquidations hit US$23.74 million, mostly in longs, clearing excess bets without sparking fresh buying.

The slightly negative funding rate of -0.001 percent shows shorts paying longs with no bullish premium, while Bitcoin’s relative strength index of 58 signals neutral momentum, not the overextension needed for a strong rally.

As Hasn explained:

“Bitcoin’s resilience this week is therefore being shaped by a supportive macro environment rather than internal strength. The mixed whale distribution pattern and the lack of sustained accumulation still underline that the market remains vulnerable. The next phase will likely depend on whether improving sentiment in equities can translate into more durable inflows across the crypto market.”

Meanwhile, Ether (ETH) was at US$3,057.17, up by 0.7 percent over 24 hours. Ether derivatives showed balanced consolidation: US$8.83 million in mixed long/short liquidations cleared positions evenly, while a 0.06 percent rise in open interest signals modest new bets. However, neutral funding at 0.001 percent lacks a bullish premium.

Altcoin price update

  • XRP (XRP) was priced at US$2.19, down by 1.8 percent over 24 hours.
  • Solana (SOL) was trading at US$137.88, down by 3.3 percent over 24 hours.

Fear and Greed Index snapshot

CMC’s Crypto Fear & Greed Index continued to climb steadily after plunging into ‘extreme fear’ territory in the last two weeks. It has currently settled at 20 and is inching closer to ‘fear.’

Bitcoin’s rebound from the mid-US$80,000 zone has triggered a swift shift in market sentiment. After the price briefly cooled near US$80,000, many expected a sluggish recovery phase. Instead, optimism snapped back, with the sentiment index rising 10 points over the week and marking one of its sharpest moves in recent months.

The increase corresponds with heavier buying activity and reduced caution among traders who had previously stayed on the sidelines during the cryptocurrency’s pullback.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Major CME Group outage halts futures trading

CME Group (NASDAQ:CME) experienced a major outage on Friday due to a chiller plant malfunction at the CyrusOne CHI1 facility, halting trading in futures and options across equities, currencies, commodities, treasuries and FOREX.

The disruption started late on Thursday (November 27) and affected the Globex platform, which handles 90 percent of CME Group’s volume. The outage halted trading in Bitcoin and Ether futures for about nine to 11 hours, disrupting access to quotes and positions, but leaving spot crypto markets largely unaffected.

Visa expands stablecoin settlement push with Aquanow partnership

Visa (NYSE:V) has deepened its stablecoin strategy by teaming up with Aquanow to support faster settlement across Central and Eastern Europe, the Middle East and Africa.

The deal plugs Aquanow’s infrastructure directly into Visa’s payment rails, allowing banks and payment firms in the region to settle transactions in approved stablecoins such as USDC.

Visa says the upgrade is aimed at institutions seeking cheaper and quicker cross-border settlement options as demand for digital asset rails grows. The company also aims to modernize the “back-end plumbing” of payments by reducing reliance on traditional networks with multiple intermediaries. Aquanow, which processes billions in crypto transactions each month, will provide liquidity and technical support for the integrations.

The collaboration follows Visa’s recent stablecoin payout pilot, Visa Direct, which lets businesses fund transactions in fiat while recipients opt to receive stablecoins directly in their wallets.

UK backs “no gain, no loss” tax model for DeFi activity

The UK government has endorsed a major shift in how DeFi transactions are taxed, moving to eliminate capital gains charges when users deposit tokens into lending protocols or liquidity pools.

Under the current rules, deposits can be treated as disposals, often generating tax liabilities even when investors haven’t realized any economic gain. HM Revenue & Customs’ updated guidance supports a “no gain, no loss” approach that would tax users only when they withdraw assets and eventually sell them.

The proposal comes after two years of industry feedback from firms, many of which argued that the existing system distorts reality and burdens ordinary users with excessive record keeping. The new model would apply to both simple lending and automated market makers, ensuring that only genuine gains or losses are captured for tax purposes.

Australia introduces digital assets bill

Australia has tabled a new digital assets bill aimed at ending years of regulatory uncertainty and preventing a repeat of past offshore failures such as FTX and Celsius.

The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would require platforms holding customer crypto to meet the same licensing and conduct standards applied across the financial sector.

Officials said the legislation is designed to bring crypto businesses fully into the regulated economy, ensuring transparency, custody safeguards and clear accountability.

The bill includes exemptions for smaller operators that process under US$10 million annually and hold less than US$5,000 per customer, mirroring existing thresholds for low-risk financial products. The government argues that modernizing the rules could unlock as much as US$24 billion a year in productivity and efficiency gains.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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