TRU Precious Metals Corp. (TSXV: TRU)

Metals are spearheading gains in the commodities sector this second quarter, driven by significant re-evaluations in the prices of gold, silver, and copper. According to Citi strategists, this performance is particularly impressive considering the typical sensitivity of both precious and industrial metals to the strength of the US dollar and shocks in interest rates. “Indeed, prices for the underliers have soared despite the appreciating greenback and steep back-up in yields across the Treasury curve,” the strategists said. “Our base case suggests the gold, silver, and copper rally has room to push another 5-10% over the next 0-3m and perhaps 15-20% in a 6-12m context,” they added. Citi strategists anticipate a potential minor pullback in gold and silver markets before the end of the second quarter, but expect prices to surge in the second half of 2024, with gold potentially reaching around $2,500/oz and silver $30-32/oz. https://lnkd.in/gGJTXhCw #MetalsMarket #CommoditiesSector #GoldPrice #SilverPrice #CopperPrice #USDollar #InterestRates #CitiStrategists #MarketAnalysis #PriceSurge #SecondQuarter #MarketOutlook #PreciousMetals #IndustrialMetals #InvestmentOpportunity #GoldForecast #SilverForecast #CopperForecast #MarketTrends #EconomicIndicators

Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity. Estimates of new demand from these applications vary, but Graeme Train, head of metals analysis at Swiss-based Trafigura, said one third of the 10 million tons of new demand would come from the electric vehicle sector. https://lnkd.in/gpF2TNPG #CopperCraze #ElectricRevolution #PoweringTheFuture #AIAdvancements #AutomationNation #RenewableEnergyRise #EVBoom #CopperCrunch #TechDrivenDemand #GreenTechGrowth #SustainableSolutions #InnovationImpact #ResourceRush #CopperConsumption #EnergyTransition #MetallicMarvels #ElectrifyingEra #SmartTechTrends #FutureInfrastructure #TrafiguraInsights

TRU Precious Metals Corp. (TSXV:TRU) (“TRU” or the “Company”) is pleased to announce its intent to carry out an exploration program this spring and summer at its Golden Rose Project (“Golden Rose”) in Western-Central Newfoundland. Exploration will assess the critical minerals potential associated with the deposit-bearing Cape Ray – Valentine Lake Shear Zone and will be copper (“Cu”)-focused. The program will also investigate other critical minerals occurrences hosting nickel (“Ni”) and zinc (“Zn”), which have been identified in previous exploration activities carried out by the Company. The objective of the exploration program is to develop a deeper understanding of the overall critical minerals potential at Golden Rose, supplementing the heightened prospectivity of Golden Rose for gold. The program will include prospecting, grab (rock) sampling, reconnaissance soil sampling and trenching over interpreted critical minerals anomalies determined through previous work by the Company, historical data compilation, and recently acquired high resolution satellite and remote sensing data over the entire property. Many of the planned target areas have had limited exploration to date. https://lnkd.in/g-r4tfXQ #news #latest #TRU #precious #metals #copper #Gold

TRU Precious Metals Corp. (TSXV: TRU). (“TRU” or the “Company”) is pleased to announce its intent to carry out an exploration program this spring and summer at its Golden Rose Project (“Golden Rose”) in Western-Central Newfoundland. Exploration will assess the critical minerals potential associated with the deposit-bearing Cape Ray – Valentine Lake Shear Zone and will be copper (“Cu”)-focused. The program will also investigate other critical minerals occurrences hosting nickel (“Ni”) and zinc (“Zn”), which have been identified in previous exploration activities carried out by the Company. The objective of the exploration program is to develop a deeper understanding of the overall critical minerals potential at Golden Rose, supplementing the heightened prospectivity of Golden Rose for gold. The program will include prospecting, grab (rock) sampling, reconnaissance soil sampling and trenching over interpreted critical minerals anomalies determined through previous work by the Company, historical data compilation, and recently acquired high resolution satellite and remote sensing data over the entire property. Many of the planned target areas have had limited exploration to date. https://lnkd.in/gHSnVd2W

Gold prices traded near record-high levels on Monday after a sharp rally led by safe-haven demand amid ongoing conflict in the Middle East. Gold rate has rallied 20% over the past two months and analysts expect further gains in the bullion prices. While spot gold hit an all-time high of $2,431.29 last week, US gold futures were trading around $2,373.30 an ounce on Monday. https://lnkd.in/gY3uNMAd #GoldPrices #SafeHaven #MiddleEastConflict #BullionPrices #GoldRally #RecordHigh #GoldFutures #MarketAnalysis #CommoditiesMarket #Investment #FinancialMarkets #GoldDemand #MarketTrends #GoldmanSachs #PriceForecast #MarketOutlook #InvestmentStrategy #EconomicFactors #Trading #MarketUpdate

Analysts say gold can reach $3,000 an ounce Copper was thought to be headed toward a supply crisis as the world adopts electric vehicles and other greenification measures. And now that crisis is here, say Bank of America metals strategists led by Michael Widmer. "The much-discussed lack of mine projects is becoming an increasing issue for copper. This, along with investment in green technologies and a rebound of the global economy, should lift prices to US$10,250/t (465c/lb) by the fourth quarter," they say, an upgrade of 8% from their previous view. Front-month copper futures (HG00) were trading at $4.28 per pound, up 10% on the year on Tuesday. Bank of America wasn't the only Wall Street bank forecasting copper price gains. Analysts at Citi said consumers of the metal should "urgently hedge" or risk facing $320 billion of cost increases over the next three years. Saying copper is the second bull market this century, they say copper prices are trending higher to average $10,000 per ton in the fourth quarter and $12,000 by 2026. The Bank of America analysts also are bullish on gold. https://lnkd.in/g7MQaS-b #GoldPrice #CopperSupply #GreenTechnologies #ElectricVehicles #Commodities #Investment #MarketTrends #EconomicForecast #MetalsMarket #BankForecasts #CopperShortage #GlobalEconomy #PriceOutlook #MetalPrices #CitiAnalysis #BankofAmerica #FinancialPredictions #Hedging #CostIncreases #MarketVolatility

Normally as mundane an investment as it gets, gold has captivated the attention of the market lately for its seemingly logic-defying, record rally in recent months, and now heads are turning toward a new, unlikely player in the gold market: Wholesale retailer Costco. https://lnkd.in/gXVfzJ2N #Gold #Investment #MarketTrends #GoldMarket #RecordRally #Costco #CentralBanks #Investing #Finance #Economics #Retailer #Wholesale #Commodities #PreciousMetals #MarketNews #FinancialMarkets #Retail #EconomicTrends #GoldPrices #InvestmentStrategy

TRU Precious Metals Corp. (TSXV: TRU).(“TRU” or the “Company”) is pleased to announce the appointment of Steven Agnew to its Board of Directors (the “Board”) as the third and final Board nominee of Ormonde Mining Plc (“Ormonde”), the Corporation’s largest shareholder, and as an additional independent director, subject to regulatory approval. Mr. Agnew is currently a Partner of Irwin Lowy LLP, a Toronto-based law firm. Mr. Agnew is a securities lawyer with close to twenty years of experience advising public and private companies on corporate finance, M&A, corporate governance, and regulatory compliance. Mr. Agnew received his Bachelor of Laws in 2005 from the University of Windsor, and a Bachelor of Arts from Bishop’s University in 2001. Joel Freudman, Co-Founder and CEO of TRU commented: “We are pleased to welcome Steven Agnew to our Board. His extensive expertise in securities law and M&A transactions, coupled with his thorough understanding of corporate finance, will be invaluable to TRU as we evaluate multiple opportunistic strategic alternatives in a spiking gold price environment.” https://lnkd.in/gXJcwcjH #TRUPreciousMetals #GoldenRoseProject #CentralNewfoundlandGoldBelt #GoldExploration #CopperExploration #MiningInvestment #NaturalResources #Investing #TSXVTRU #ResurgentCapitalCorp #OrmondeMiningPlc #MarathonGold #MatadorMining #MiningIndustry #ExplorationCompany #VentureCapital #CanadianStockExchange #ResourceDevelopment #ExplorationUpdate #InvestmentOpportunity

Toronto, Ontario – April 9, 2024 – TRU Precious Metals Corp. (TSXV: TRU) (“TRU” or the “Company”) is pleased to announce the appointment of Steven Agnew to its Board of Directors (the “Board”) as the third and final Board nominee of Ormonde Mining Plc (“Ormonde”), the Corporation’s largest shareholder, and as an additional independent director, subject to regulatory approval. Mr. Agnew is currently a Partner of Irwin Lowy LLP, a Toronto-based law firm. Mr. Agnew is a securities lawyer with close to twenty years of experience advising public and private companies on corporate finance, M&A, corporate governance, and regulatory compliance. Mr. Agnew received his Bachelor of Laws in 2005 from the University of Windsor, and a Bachelor of Arts from Bishop’s University in 2001. Joel Freudman, Co-Founder and CEO of TRU commented: “We are pleased to welcome Steven Agnew to our Board. His extensive expertise in securities law and M&A transactions, coupled with his thorough understanding of corporate finance, will be invaluable to TRU as we evaluate multiple opportunistic strategic alternatives in a spiking gold price environment.” https://lnkd.in/gKFzYHWm #TRUPreciousMetals #BoardAppointment #CorporateGovernance #SecuritiesLaw #MergersAndAcquisitions #RegulatoryCompliance #CorporateFinance #GoldMarket #MiningIndustry #TSXV #Toronto #IrwinLowyLLP #OrmondeMiningPlc #IndependentDirector #StrategicAlternatives #GoldPrice #ResourceSector #LegalExpertise #CorporateLeadership

#TSXVTRU joined the Top 20 market movers on Friday, April 5, 2024 with over 1.1M shares traded. Check for TRU stock quotes here: https://lnkd.in/g3UvTQa6 #TSXV #TRU #miningstocks #goldstocks #GoldPrice #gold