Canter Resources to Attend Fastmarkets Lithium Supply & Battery Raw Materials Conference in Las Vegas
The Fastmarkets conference is recognized as the industry's largest and most influential gathering for the global lithium and battery materials sector, bringing together over 1,300 delegates from 550 companies across 40 countries. The event provides a premier platform for industry leaders to discuss critical issues, innovations, and market trends shaping the future of battery raw materials supply chains.
Canter's Nevada portfolio is well positioned within the key districts within the state, with significant momentum building around Nevada emerging as an important hub for securing domestic supply chain independence for lithium and other critical minerals. Government support continues to increase through the Department of Energy, Department of Defense and EXIM bank, as demonstrated by the significant funding initiatives taking place in the region.
The Company looks forward to advancing its strategic partner and M&A discussions at the Conference, and engaging with peers, investors, and stakeholders to share insights on sustainable exploration, Direct Lithium Extraction developments and the evolving regulatory landscape.
For those attending the conference who would like to schedule a meeting with Canter's management team, please contact info@canterresources.com.
About Canter Resources Corp.
Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment and plans to leverage the Company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the technology and domestic clean energy supply chains in North America.
On behalf of the Board of Directors.
For further information, contact:
Joness LangChief Executive Officer Canter Resources Corp. Tel: 778.382.1193jlang@canterresources.com
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.Tel: 604.908.1695investors@canterresources.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's plans for the Project and the payments related thereto, the issuance of the Consideration Shares and the Company's expected exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256220
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The most egregious of these is agents. You're hearing everybody saying 'agent, agent, agent.' Salesforce is talking about being an agent-first company. But customers don't like Agentforce. The Information has reported that Agentforce has problems with hallucinations. Salesforce's own research says that agents start breaking down — they only achieve around a 58% success rate on single-step tasks. Everyone talks about these things like they exist, and they do not. [Editor's note: A Salesforce Inc. CRM spokesperson shared a number of data points from the company's first-quarter earnings call that highlighted the growth in demand for Agentforce since it became available in October 2024, including that it has reached more than $100 million in annual recurring revenue. 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Within ServiceNow alone, real agentic AI is automating 97% of software provisioning requests, reducing internal IT service desk volume by 40%, and resolving customer support cases 50% faster. As a native AI company, AI is infused throughout the entire ServiceNow AI Platform. Just last week during our Q2 earnings, we reaffirmed that we expect a Now Assist annual contract value contribution of $1 billion by the end of 2026. We're a real company doing real things, leading in AI. Any claim to the contrary is proof we're doing something worth talking about.'] MarketWatch: There has been a lot of talk about the potential for AGI — artificial general intelligence. How close are we to developing that? Zitron: We are nowhere. We don't have proof it's even possible. We just don't. Even Meta, which is currently giving these egregious sums of money to AI scientists — their lead AI scientist said scaling up large language models isn't going to create AGI. We do not know how human beings are conscious. We don't know how human thinking works. How are we going to simulate that in a computer? Furthermore, there's no proof that you can make a computer conscious, and right now, they can't even get agents right. How the hell are they meant to make a conscious or automated computer? These models have no concept of right or wrong, or rules, or really anything. They are just looking over a large corpus of data and generating, as they are probabilistic, the most likely thing that you may want it to. It is kind of crazy that they can do it, but what they are doing is not thinking. Reasoning models are not actually reasoning. They do not reason. They do not have human thought, or any thought. They are just large language models that just spit out answers based on what the user wants. MarketWatch: In an earlier edition of your newsletter, you talked about what you called the 'subprime AI crisis.' Can you explain what you mean by that? Zitron: Every AI startup that isn't Anthropic or OpenAI is connecting to their models and paying them using something called an API. You connect to them and that's how you run your software, using their models. Now, OpenAI and Anthropic burn billions and billions of dollars. I believe, and they have yet to suggest otherwise, that these companies are running at a massive loss. So those rates they're providing, the tokens — because customers pay to use their large language models per million tokens — they will eventually raise the price on them, making it impractical or impossible for a large AI startup to run their company. We have already seen the beginning of this. Anysphere, which makes a product called Cursor, a popular AI coding app, in the middle of June had to change their pricing and add rate limits and reduce the amount of use that their customers were getting out of the product, because OpenAI and Anthropic both raised the rent on them. This led Cursor to change their entire business model. The same thing happened with a company called Replit, which around the middle of June also added something called effort-based pricing, which changed from the general all-you-can-eat thing. [Editor's note: Replit didn't respond to a request for comment from MarketWatch.] Much like the variable-rate mortgages that were popular before the financial crisis, I believe the same thing is going to happen with AI products. The product people thought they were buying isn't what they had expected. In this case, the people with the variable-rate loans are the companies building startups on top of these AI models. MarketWatch: People who push back on your criticisms like to cite Amazon Web Services as an example of a technology or product that took time to become profitable. How is AI different? Zitron: First of all, AWS started with a use case. It existed for years before it was a publicly available service that Amazon created. Capital expenditures helped it grow as a business, but it was profitable pretty quickly. On top of that, the amount of money it was burning was miniscule. Nothing about AWS involved them having to convince people, having to convince customers, why they needed this. [Editor's note: A representative for Inc. AMZN declined to comment.] MarketWatch: If this does turn out to have been a bubble all along, what do you think will finally bring down the AI trade? Zitron: I doubt there will be one Bear Stearns-style event where everything just suddenly falls apart. I don't think there is a true inflection point like that. I think the most obvious thing is if the market comes around to the idea that Nvidia will not show permanent growth, you will see a trip down on that stock. I think a big event is going to be one of the cloud providers — a Microsoft or an Amazon — showing negative growth or something approaching negative growth. 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Comcast could see its heaviest internet-subscriber losses ever. Then what? Why Marvell's beaten-down stock is now seeing a big gain Apple's stock is in a slump. Can anything from earnings help change the mood? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
