CHF WEEKLY ROUND-UP: June 16-20, 2025

It was a weak trading week for global equity markets, which all finished modestly lower. U.S. markets were closed on Thursday in recognition of Juneteenth. Concerns about the Israel–Iran conflict and a lack of news on the tariff and trade agreement front provided no upside energy to excite market action. Reports suggest that the U.S. is considering the possibility of joining Israel’s attacks against Iran within the next two weeks, and the war may go on longer than anyone likes to think.

The TSX bounced around this week, mostly following fluctuations in the gold and oil prices, and is looking up this morning. The TSXV was weaker this week as investors moved away from risky stocks.  The G7 meeting in Kananaskis, Alberta, wrapped up this week without much fanfare. President Trump departed early over the Middle East conflict, but Prime Minister Carney obtained a 30-day window to reach a trade agreement and security relationship with the U.S. Yet, Carney suggested that he may apply additional countervailing tariffs if the agreement does not materialize. Signs are that the USA/UK trade agreement may also have been finalized. While the G7 may have reached some agreements on artificial intelligence (AI) adoption, fighting transnational oppression and creating standards-based markets for critical minerals, there was nothing on holding Russia to account for the war in Ukraine or securing a ceasefire in the Middle East. Ultimately, the G7 is no longer a meeting of like-minded Globalists dominated by European interests, and just keeping the group together until the next meeting seemed to be an accomplishment.

Trading in the U.S. markets this week was defensive and low volume. The S&P 500 managed to hold some solid footing around the 6000 mark and remains some distance from its all-time high of 6147, based on tariff turmoil and increased geopolitical uncertainty.

As was expected, on Wednesday, the Federal Reserve kept its target range at 5.25%-5.50% with the possibility of two quarter-point cuts later this year. Growth and employment forecasts were nudged lower, while both headline and core inflation paths were marked up modestly, as Chair Powell stressed tariff-driven price risks. Trump was displeased with the lack of a rate cut and even suggested that he should become Fed Chair himself. The U.S. dollar strengthened on the continued hold on rates and geopolitical tensions.

The Bank of England (BoE) held interest rates at 4.25%, meeting the expectations held by markets and experts, but hinted that cutting rates could happen as soon as August. BoE Governor Bailey said rates remain "on a gradual downward path, but the BoE is monitoring the escalating tensions in the Middle East, particularly its impact on rising oil prices and therefore on inflation rates." The Swiss National Bank (SNB) cut its interest rate to zero and signalled a willingness to go further, if necessary, in order to deter investors from pushing up the franc. Economists noted that the SNB is attempting to keep the franc weaker to support economic activity.

Gold opens today at USD$3,372/oz but has traded lower through the week, down from the initial spike as Israel attacked Iranian targets. Gold bears have continued to call for gold to fall to USD$3,000/oz and below since the high point two months ago. However, gold has continued to find support in the USD$3,300/oz range and, since the middle of May, has made a series of higher highs. Even the gold bears are positive on silver, which opens today at USD$35.90/oz. Platinum futures reached a major milestone on Wednesday, as prices rose above USD$1,300/oz, the highest in nearly five years. The metal has rallied considerably over the past three weeks, after breaking through long-term resistance at USD$1,000/oz. As of today, it is up almost 45% year-to-date, at USD$1,271/oz.

This week, global precious metal bull, Eric Sprott, warned: “Don’t Miss This Gold & Silver Rally” in a video released on Sprott Money. View Here. 

Base and industrial metal prices have remained flat-lined as the 90-day Trump tariff pause winds down, with just about two weeks remaining before full implementation, and no resolution in sight, especially with China.  A new report from the Centre for Strategic & International Studies suggests that the major challenge to achieving critical mineral security is China’s manipulation of global markets, whereby Chinese companies flood the market with excess supply, driving prices down to levels that force mining operations in countries like the United States and Australia to shut down. This approach exposes the U.S. and its allies to heightened supply vulnerabilities but also makes it difficult for them to compete with China.  M&A activity continues, especially in copper, with Cascadia Minerals and Granite Creek Copper announcing a merger to create a Yukon-based copper-gold exploration and development company. Lundin Mining has created a strategic growth plan designed to make the company one of the world’s top ten copper producers, with annual output of 500,000 tonnes of copper and approximately 550,000 ounces of gold for three to five years.

Critical, battery and electric materials continue to be held down by oversupply and China dominance, and even though demand remains, both lithium and cobalt prices were lower again this week. Some issuers claim that it is the bottom of the market and that smart money is moving into lithium, with the biggest players investing even as lithium prices crash.

The uranium price rose to USD$75/lb this week, but exploration and new mine development still lag demand by years. Nuclear energy remains one of the most credible baseload solutions for green energy.

We are pleased to present our round-up of client news released between June 16–20, 2025.\

Mining

On 17 June 2025, Nuinsco Resources Limited (CSE: NWI), having rectified the situation that gave rise to the suspension, was reinstated for trading on the CSE.

Technology

On June 19, 2025, Visionstate Corp. (TSXV: VIS) announced the continuing growth of its WANDA™ smart facility solution, with another post-secondary institution in Ontario preparing to implement the technology across 10 campus buildings — including residences, academic facilities, and athletic buildings.

“Post-secondary institutions are embracing WANDA™ as a simple yet powerful solution to digitally manage cleaning compliance and facility responsiveness — particularly with Bill 190 enforcement looming,” said Shannon Moore, President of Visionstate IoT. “This latest customer is onboarding 10 subscriptions — at just $960 per year per building — with no hardware required. That is a smart, cost-effective alternative to fines that can reach up to $100,000 under the legislation.” At a subscription cost of $960 per building per year, the current client onboarding represents $10,000 in annual recurring revenue once billing begins in January 2026.

The school’s athletic facilities will also be using WANDA™’s “Alert” function to enable real-time issue reporting, helping staff respond quickly to hygiene or maintenance concerns. The deployment will be led by a building service contractor (BSC) who is now onboarding additional WANDA™ clients across Ontario — a signal of increasing industry confidence in the platform.

Also, a Class A office tower on Park Avenue in New York City is preparing to expand its WANDA™ deployment. This prestigious location highlights how the platform contributes to positive public perception, as well as the data intelligence that helps facility managers make informed decisions about cleaning operations, staffing, and efficiency.

Fintech

On June 13, 2025, Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) announced that completing the audit of the Company's year-end 2024 financial statements would take longer than initially expected, in part due to the transition of the Company's operations in China and the impact on the Company's revenue, and the late start to the audit process affecting the availability of resources. The Company has now set the week of July 14, 2025, as the revised target date to complete the audit and filing of the Financial Statements.

On June 20, 2025, Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) released a new video featuring a preview of some of the many new and improved features and functionalities that Cubler's production team has been working on recently.

View Here.