Latest news with #mineralrights
Yahoo
5 days ago
- Business
- Yahoo
Rising Phoenix Capital Expands Midland Basin Position with Strategic Maroon Bells Fund Acquisition
DALLAS, July 11, 2025--(BUSINESS WIRE)--Rising Phoenix Capital, a boutique investment firm specializing in oil and gas mineral royalty acquisitions, today announced a new strategic acquisition in the Midland Basin. The mineral rights, located in Ector and Midland Counties, TX, are operated by ConocoPhillips and were acquired through the firm's Maroon Bells Fund, an income-focused mineral portfolio that has delivered consistent cash distributions. The acquisition includes both producing wells and near-term permitted development, increasing Rising Phoenix's footprint in the country's most prolific basin and aligning with its mission to deliver monthly income and long-term capital preservation for accredited investors. "We underwrite for predictability, not hype," said Jace Graham, CEO and Founder of Rising Phoenix Capital. "Our focus remains on acquiring top-tier mineral assets in core basins, leased to highly capable operators. This deal strengthens our position in the heart of the Midland and supports our strategy of dependable cash flow and upside potential." This marks the firm's fourth Midland Basin acquisition in 2025, building on a disciplined acquisition strategy that emphasizes direct sourcing and in-house underwriting, without the use of leverage. For accredited investors seeking exposure to energy income, Rising Phoenix Capital is currently accepting subscriptions into its newest fund, La Plata Peak Fund — a diversified mineral portfolio offering immediate cash flow and long-term upside. Learn more at or call 214.214.4268. About Rising Phoenix Capital Rising Phoenix Capital is a privately held investment firm specializing in direct, alternative asset investments across oil and gas minerals, royalties, non-operated working interests, and real estate. With four generations of experience in energy and real estate, we combine industry expertise with a hands-on approach to deliver strong, stable returns. Our in-house team sources, analyzes, and acquires high-value assets, leveraging off-market deal flow to uncover the best opportunities. By focusing on cash-flowing mineral rights and strategic investments, we provide investors with consistent income and long-term financial growth. At Rising Phoenix Capital, we believe in transparency, efficiency, and integrity—ensuring that every investment decision is backed by data, experience, and a commitment to delivering real value. Photography, B roll, and additional assets are available on the company's Media Kit here. View source version on Contacts Media Contact:Aquila Mendez-Valdezaquila@ 210.606.5251
Sky News
28-06-2025
- Politics
- Sky News
Democratic Republic of Congo and Rwanda sign US-brokered peace deal - but doubts over success linger
The Democratic Republic of Congo (DRC) and Rwanda have signed a peace deal which Donald Trump said he brokered - resulting in the US getting "a lot" of mineral rights in the process. The deal has been touted as an important step towards ending the decades-long conflict in eastern DRC which has caused the deaths of six million people. US secretary of state Marco Rubio called it "an important moment after 30 years of war". Earlier on Friday, President Trump said he was able to broker a deal for "one of the worst wars anyone's ever seen". "I was able to get them together and sell it," Mr Trump said. "And not only that, we're getting for the United States a lot of the mineral rights from Congo." The Rwanda -backed M23 rebel group, the most prominent armed group in the conflict, has suggested that the agreement won't be binding for them. It hasn't been directly involved in the planned peace deal. DRC foreign minister Therese Kayikwamba Wagner invoked the millions of victims of the conflict in signing the agreement with Rwandan foreign minister Olivier Nduhungirehe. The agreement, signed by the foreign ministers during a ceremony with Mr Rubio in Washington, pledges to implement a 2024 deal that would see Rwandan troops withdraw from eastern DRC within 90 days, according to a copy seen by Reuters. "Some wounds will heal, but they will never fully disappear," Ms Wagner said. "Those who have suffered the most are watching. They are expecting this agreement to be respected, and we cannot fail them." Mr Nduhungirehe noted the "great deal of uncertainty" because previous agreements were not put in place. "There is no doubt that the road ahead will not be easy," he said. "But with the continued support of the United States and other partners, we believe that a turning point has been reached."
CTV News
27-06-2025
- Business
- CTV News
Congo and Rwanda sign a U.S.-mediated peace deal aimed at ending decades of bloody conflict
Residents listen to Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator at the Office for the Coordination of Humanitarian Affairs, during his visit to North Kivu's town of Buhumba, Democratic Republic of the Congo, Thursday, June 26, 2025. (AP Photo/Moses Sawasawa) WASHINGTON — The Democratic Republic of Congo and Rwanda on Friday signed a peace deal facilitated by the U.S. to help end the decades-long deadly fighting in eastern Congo while helping the U.S. government and American companies gain access to critical minerals in the region. Secretary of State Marco Rubio called it 'an important moment after 30 years of war.' Earlier Friday, U.S. President Donald Trump said at a news conference that he was able to broker a deal for 'one of the worst wars anyone's ever seen.' 'I was able to get them together and sell it,' Trump said. 'And not only that, we're getting for the United States a lot of the mineral rights from Congo.' The deal has been touted as an important step toward peace in the Central African nation of Congo, where conflict with more than 100 armed groups, the most potent backed by Rwanda, has killed millions since the 1990s. It's also at the heart of Trump's push to gain access to critical minerals needed for much of the world's technology at a time when the United States and China are actively competing for influence in Africa. Analysts see the deal as a major turning point but don't believe it will quickly end the fighting. Congo and Rwanda send top diplomats to sign Congo's Foreign Minister Therese Kayikwamba Wagner invoked the millions of victims of the conflict in signing the agreement with Rwandan Foreign Minister Olivier Nduhungirehe. Both expressed optimism but stressed significant work still to do to end the fighting. 'Some wounds will heal, but they will never fully disappear,' Wagner said. 'Those who have suffered the most are watching. They are expecting this agreement to be respected, and we cannot fail them.' Nduhungirehe noted the 'great deal of uncertainty' because previous agreements were not put in place. 'There is no doubt that the road ahead will not be easy,' he said. 'But with the continued support of the United States and other partners, we believe that a turning point has been reached.' They, along with Rubio, lauded the support of the Gulf Arab nation of Qatar in facilitating the agreement, which Doha has been working on for months at the request of the U.S. and others. The agreement has provisions on territorial integrity, prohibition of hostilities and the disengagement, disarmament and conditional integration of non-state armed groups. The peace deal is not likely to quickly end the conflict The Rwanda-backed M23 rebel group is the most prominent armed group in the conflict, and its major advance early this year left bodies on the streets. With 7 million people displaced in Congo, the United Nations has called it 'one of the most protracted, complex, serious humanitarian crises on Earth.' Congo hopes the U.S. will provide it with the security support needed to fight the rebels and possibly get them to withdraw from the key cities of Goma and Bukavu, and from the entire region where Rwanda is estimated to have up to 4,000 troops. Rwanda has said that it's defending its territorial interests and not supporting M23. M23 rebels have suggested that the agreement won't be binding for them. The rebel group hasn't been directly involved in the planned peace deal, although it has been part of other ongoing peace talks. Corneille Nangaa, leader of Congo River Alliance -- known by its French acronym AFC -- which includes M23, told The Associated Press in March that direct peace talks with Congo can only be held if the country acknowledges their grievances and that 'anything regarding us which are done without us, it's against us.' An M23 spokesperson, Oscar Balinda, echoed that to the AP this week. Rwanda also has been accused of exploiting eastern Congo's minerals, used in smartphones, advanced fighter jets and much more. Rwanda has denied any involvement, while analysts say that might make it difficult for Rwanda not to be involved in the region. The deal is at the heart of the U.S. government's push to counter China in Africa. For many years, Chinese companies have been a key player in Congo's minerals sector. Chinese cobalt refineries, which account for a majority of the global supply, rely heavily on Congo. What the U.S. role looks like in ending the conflict Analysts say the U.S. government's commitment might depend on how much access it has to the minerals being discussed under separate negotiations between the American and Congolese governments. The mostly untapped minerals are estimated to be worth as much as $24 trillion by the U.S. Department of Commerce. Christian Moleka, a political scientist at the Congolese think tank Dypol, called the deal a 'major turning point' but could 'in no way eliminate all the issues of the conflict.' 'The current draft agreement ignores war crimes and justice for victims by imposing a partnership between the victim and the aggressor,' he said. 'This seems like a trigger-happy proposition and cannot establish lasting peace without justice and reparation.' In Congo's North Kivu province, the hardest hit by the fighting, some believe that the peace deal will help resolve the violence but warn justice must still be served for an enduring peace. 'I don't think the Americans should be trusted 100 per cent,' said Hope Muhinuka, an activist from the province. 'It is up to us to capitalize on all we have now as an opportunity.' The conflict can be traced to the aftermath of the 1994 genocide in Rwanda, where Hutu militias killed between 500,000 and 1 million ethnic Tutsi, as well as moderate Hutus and Twa, Indigenous people. When Tutsi-led forces fought back, nearly 2 million Hutus crossed into Congo, fearing reprisals. Rwandan authorities have accused the Hutus who fled of participating in the genocide and alleged that elements of the Congolese army protected them. They have argued that the militias formed by a small fraction of the Hutus are a threat to Rwanda's Tutsi population. Since then, the ongoing conflict in east Congo has killed 6 million people, in attacks, famines and unchecked disease outbreaks stemming from the fighting. Chinedu Asadu, Matthew Lee and Ellen Knickmeyer, The Associated Press Asadu reported from Dakar, Senegal. AP writers Ellen Knickmeyer in Washington, Edith M. Lederer at the United Nations, Justin Kabumba in Goma, Congo, and Ignatius Ssuuna in Kigali, Rwanda, contributed to this report.
South China Morning Post
27-06-2025
- Business
- South China Morning Post
Rwanda and DR Congo sign peace deal, as Trump cheers mineral rights for US
Rwanda and Democratic Republic of Congo signed a US-brokered peace agreement on Friday, raising hopes for an end to fighting that has killed thousands and displaced hundreds of thousands more this year. Advertisement The agreement marks a breakthrough in talks held by US President Donald Trump's administration and aims to attract billions of dollars of Western investment to a region rich in tantalum, gold, cobalt, copper, lithium and other minerals. At a ceremony with US Secretary of State Marco Rubio in Washington, the two African countries' foreign ministers signed the agreement pledging to implement a 2024 deal that would see Rwandan troops withdraw from eastern Congo within 90 days, according to a version initialled by technical teams last week and seen by Reuters. Kinshasa and Kigali will also launch a regional economic integration framework within 90 days, the agreement said. 'They were going at it for many years, and with machetes – it is one of the worst, one of the worst wars that anyone has ever seen. And I just happened to have somebody that was able to get it settled,' Trump said on Friday, ahead of the signing of the deal in Washington. Advertisement 'We're getting, for the United States, a lot of the mineral rights from the Congo as part of it. They're so honoured to be here. They never thought they'd be coming.'
Yahoo
29-05-2025
- Business
- Yahoo
Pulsar Announces Financial and Operating Results for the Six Months Ended March 31, 2025
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. CASCAIS, PORTUGAL / / May 29, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company"), the helium project development company, is pleased to announce its financial and operating results for the six months ended March 31, 2025 (the "Period"). Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and related management's discussion and analysis (the "MD&A") for the Period, which are available on the Company's website at and the Company's SEDAR+ profile at All figures are in US dollars ("US$") unless otherwise stated. The Company's primary focus is the exploration and development of the Topaz Project, located in northern Minnesota, USA, close to the Canadian border. The Company's assets within the Topaz Project comprise leases of private mineral rights over a total of 5,979 gross acres in Minnesota, where the State of Minnesota passed new helium-targeted legislation in May 2024 providing increased certainty of developing the project. The Topaz Project comprises primarily helium (with the gas not being a by-product of hydrocarbon production), representing a more sustainable development project. Operational Highlights in the Period On January 13, 2025, the Company announced the successful completion of the deepening operation for the Jetstream #1 appraisal well. The drilling operation reached total depth ("TD") of 5,100 feet (1,555 metres) on January 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. On February 3, 2025, the Company announced the successful completion of a drilling operation at the Jetstream #2 appraisal well, reaching total depth of 5,638 feet (1,718 metres) on February 1, 2025. Mud log data reported helium levels up to 3.5%, which were proved to be contaminated with air and uncontaminated samples, once collected, are expected to report higher and truer levels. On February 20, 2025, the Company announced that down-hole testing equipment is scheduled to mobilise to site on February 24, 2025. The tools consist of an optical televiewer and LithoScanner, both of which will be run on both the Jetstream #1 and #2 appraisal wells. These tests will further refine the Company's understanding of the reservoir properties and production potential. On April 28, 2025, the Company announced that pressure and flow testing operations were conducted on the Jetstream #1 and Jetstream #2 appraisal wells with well-head pressure at both being highly encouraging, reaching 122 pounds per square inch gauge ("PSIG") at Jetstream #1 and 151 PSIG at Jetstream #2. Well-head pressure at Jetstream #2 is greater than Jetstream #1 was in February 2024 (145 PSIG) when it achieved a flow rate of 821,000 cubic feet per day, under well-head compression. During flow testing activities, it was discovered that drilling fines (rock dust) created by the air drilling method (that pulverizes the rock) were present within fractures and partially coating the wellbore wall. The creation of drilling fines is commonplace when air drilling. Although gas flow may be restricted, pressure communication still occurs (albeit also constrained) which is why the Company was unaware of the restricted flow until testing commenced. The Company has performed a preliminary clean-up on both wells to mobilise the drilling fines, achieving improved flow results, demonstrating that the drilling fines are mobile and can be removed. Despite the currently restricted conditions, stable and consistent flow rates were achieved with both wells flowing natural flow and on compression. Further flow testing of both wells will commence when clean-up is complete and the drilling fines have been removed. Financial Summary for the Period Loss for the Period was $7,118,554 and comprises: Administration costs of $1,955,208 (which includes non-cash share-based compensation of $299,943 and non-cash depreciation of $26,489). Exploration and evaluation expenditures of $5,771,409 relate to the deepening of Jetstream #1 and drilling of Jetstream #2 at the Topaz project as described above. Listing fees of $355,003 related to Admission. A non-cash gain on revaluation of warrant liability of $963,006. Funding and Cash Position: $1,659,888 at March 31, 2025. On October 18, 2024, the Company's common shares commenced trading (the "Admission") on the AIM market of the London Stock Exchange plc ("AIM") under the symbol PLSR. Concurrent with Admission, the Company completed of a total gross funding of £5 million which included the £1.125 million cornerstone investment completed in August 2024. On January 9 and March 21, 2025, the Company completed a brokered private placement, in two tranches, for gross proceeds of $2,427,498 which included participation from high net worth and institutional investors from the USA, including University Bancorp, Inc. ("University Bancorp") that now holds 4.93% of the issued and outstanding common shares of the Company. In April 2025, the Company entered into a project financing facility line of credit note with University Bancorp, pursuant to which University Bancorp has extended the Company a $4,000,000 project finance facility (the "Facility"). In April and May, 2025, the Company drew, in aggregate, $2,000,000 of the Facility. Selected Financial Results Six months endedMarch 31, 2025 Six months endedMarch 31, 2024 Statement of Loss: Revenue $Nil $Nil Net loss $ 7,118,554 $ 20,092,828 Basic and diluted loss per common share $ 0.06 $ 0.24 Financial Position: Total assets $ 2,941,370 $ 2,910,871 Total liabilities $ 5,349,970 $ 15,247,063 * During the Period, the Company recorded a non-cash gain on revaluation of warrant liability of $963,066 (2024 - loss of $13,037,216) Thomas Abraham-James, President & CEO of Pulsar, commented: "We are extremely encouraged by the progress made at the Topaz Project during the first half of 2025. The successful drilling and flow testing of both Jetstream #1 and #2 appraisal wells, along with the positive well-head pressures recorded, reinforce the significant potential of our Topaz primary helium project. With the support of recent project financing and ongoing technical advancements, Pulsar is well-positioned to unlock further value for our shareholders and advance towards sustainable helium production." Marketing Engagement and Clarification on Marketing Engagement The Company also announces the engagement of Oak Hill Financial Inc. (the "Oak Hill Engagement"). Oak Hill Financial Inc. ("Oak Hill") is a Toronto, Ontario, Canada based capital market advisory firm that provides advisory and capital markets services to private and public growth companies. The Company signed an agreement with Oak Hill on May 28, 2025, for a monthly fee of CAD$7,200, to be paid in cash, with the services commencing on June 2, 2025 (the "Effective Date"), and expiring 3 (three) months from the Effective Date, after which the agreement will renew on a month to month basis unless terminated by either party with five (5) days' notice. Oak Hill has advised the Company that it does not hold any securities of or other interest in the Company. Oak Hill and the Company are unrelated and unaffiliated entities. The Oak Hill Engagement remains subject to the approval of the TSX Venture Exchange. Further to the Company's news release dated April 7, 2025 which included an announcement of the Company's engagement of VSA Capital Limited ("VSA Capital"), the Company advises that it engaged VSA Capital on April 4, 2025, and not on April 1, 2025, as previously disclosed. The Company also clarifies that it paid VSA Capital the £5,000 annual cash fee in full and in advance of VSA Capital providing services to the Company. All other terms relating to the engagement between the Company and VSA Capital remain unchanged and are as previously disclosed. On behalf Pulsar Helium Inc."Thomas Abraham-James"President, CEO and Director Further Information: Pulsar Helium 1 (218) 203-5301 (USA/Canada)+44 (0) 2033 55 9889 (United Kingdom) Strand Hanson Limited(Nominated & Financial Adviser, and Joint Broker)Ritchie Balmer / Rob Patrick / Richard Johnson+44 (0) 207 409 3494 OAK Securities*(Joint Broker)Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)info@ 203 973 3678 BlytheRay Ltd(Financial PR)Megan Ray / Said Izagaren+44 207 138 3204 pulsarhelium@ *OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority. About Pulsar Helium Inc. Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. 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. Qualified Person Signoff In accordance with the AIM Note for Mining and Oil and Gas Companies, the Company discloses that Thomas Abraham-James, President, CEO and Director of the Company has reviewed the technical information contained herein. Mr. Abraham-James has approximately 20 years in the mineral exploration industry, is a Chartered Professional Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM CP (Geo)), a Fellow of the Society of Economic Geologists and a Fellow of the Geological Society of London. Forward-Looking Statements This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the completion of the private placement, the independent resource estimate for helium and CO2 at Topaz; the potential of CO2 as a valuable by-product of the Company's future helium production; the potential impact of deepening Jetstream #1 and the potential impact of such deepening on the next iteration of the resource estimate; the potential impact of the results of Jetstream #2; and the potential for future wells. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals. No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance. Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates and the potential for delays in the commencement of drilling; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus dated July 31, 2023 filed on the Company's profile on Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release and interview are expressly qualified in their entirety by this cautionary statement. SOURCE: Pulsar Helium Inc. View the original press release on ACCESS Newswire 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
