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Industry Innovator Delivers Powerful Solutions for Customers Over Four Decades

WESTFORD, Mass.--(BUSINESS WIRE)--NETSCOUT® (NASDAQ: NTCT), a leading provider of observability, AIOps, cybersecurity, and DDoS attack protection solutions, today celebrates the issuance of its 750th patent.

The patent, “Systems and Methods for Performing Computer Network Service Chain Analysis,” issued June 24, 2026, in the U.K., is the latest in a portfolio that spans NETSCOUT’s long record of continuous innovation, from deep packet inspection to adaptive DDoS mitigation, from 5G service assurance to AI-ready data platforms, from on premises to cloud-native observability. Guided by a philosophy of unrelenting commitment to its customers and to innovation, NETSCOUT has built an intellectual property portfolio, patent by patent and invention by invention, across technology cycles in the networking and cybersecurity industries.

“Our 750th patent is a milestone we are proud of, but what it represents matters more than the number itself,” said Anil K. Singhal, Co-founder and CEO of NETSCOUT. “For more than forty years, the people of NETSCOUT, across the company, have tackled hard problems for our customers and invented and built solutions that no one had before. Our portfolio is a record of that work. Every patent in it reflects an original and important idea. That is what being a Guardian of the Connected World looks like.”

A Portfolio Built Across Network Intelligence

NETSCOUT’s patents span the company’s technical domains. Its patented Adaptive Service Intelligence technology – the deep packet inspection engine at the core of the company’s “smart data” platform – is the foundation for observability and smart data that is ready for AIOps, site reliability engineering (SRE), and other applications.

Across the portfolio, NETSCOUT’s patents cover a broad spectrum of technologies, including:

Packet capture and real-time analysis at carrier and enterprise scale DDoS attack detection, classification, and automated mitigation Mobile network performance monitoring and 5G service assurance, including radio access network observability Network detection and response Artificial intelligence and machine learning-driven analytics Adaptive threat detection Smart data that is primed for AI and agentic AI workloads. The ATLAS global threat intelligence network that monitors over 800 terabits per second of internet traffic across more than 200 countries is likewise the product of patented innovations that serve as the cornerstone of NETSCOUT’s threat intelligence and protection solutions.

Innovation That Translates Directly to Customer Outcomes

“We are solving our customers’ toughest problems while we propel the state of the art for our customers and the digital ecosystem,” said Jeff Levinson, Senior Vice President and General Counsel, NETSCOUT. “With our patent program, we recognize the innovations our teams create, and we ensure that NETSCOUT’s competitive leadership is protected with the same rigor with which it was earned. In the face of today’s dynamic technological changes and advances, we are pleased that the pipeline of innovation is as strong as it has ever been.”

NETSCOUT’s IP strategy and continuous innovation are purpose-built to serve its customers. For example, the company’s most recent generation of patents in AI-ready data, carrier telemetry processing, and adaptive threat detection forms the technical foundation of the Omnis™ Sensor and Omnis Streamer products, designed for predictive-grade intelligence across observability, service assurance, cybersecurity, and AIOps. As artificial intelligence reshapes network operations, security, and service assurance, NETSCOUT’s ongoing innovation in AI-ready data, 5G network intelligence, adaptive DDoS protection, and real-time threat detection positions the company well to continue to deliver the innovations customers and the industry require for success.

About NETSCOUT
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) protects the connected world from cyberattacks and performance and availability disruptions through its unique visibility platform and solutions powered by its pioneering deep packet inspection at scale technology. NETSCOUT serves the world’s largest enterprises, service providers, and public sector organizations. Learn more at www.netscout.com or follow @NETSCOUT on LinkedIn, X, or Facebook.

©2026 NETSCOUT SYSTEMS, INC. All rights reserved. Third-party trademarks mentioned are the property of their respective owners.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of TCEHY, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a global leader in aerospace and defense technology solutions, today announced that it has been awarded a contract by Taiwan Color Optics, Inc. (TCO), a subsidiary of SemiLux International Ltd., to deliver its Penguin Mk2.5 VTOL Uncrewed Aerial System (UAS) to the Taiwan Coast Guard to support Taiwan’s broader maritime security and defense resilience planning.

Tranche 1 of the program represents a key milestone in Taiwan’s deployment of long-endurance uncrewed systems for maritime surveillance and law enforcement missions. Redwire’s Penguin Mk2.5 VTOL UAS was selected for the program based on its proven long-endurance performance, vertical takeoff and landing capability, and integrated EO/IR payloads for persistent maritime ISR missions.

"Our Penguin Mk2.5 VTOL aircraft is field proven for successful execution of all-weather monitoring and advanced intelligence, surveillance, and reconnaissance operations," said Josh Stinson, Co-President and Chief Growth Officer of Redwire Defense Tech. "Tracking coastline and maritime activities can present unique challenges, and the Penguin is the ideal framework to enhance Taiwan’s coastal defense.”

With the ability to take off and land vertically, the Penguin Mk2.5 VTOL can be rapidly deployed, even in harsh or contested environments. Easily adaptable to meet variety of operations, the platform is well equipped to conduct day and night ISR missions, with the ability to track and target small moving objects.

About Redwire

Redwire Corporation (NYSE:RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire’s approximately 1,400 employees located throughout North American and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.

D-Wave is selected to receive $1.6 million from the National Science Foundation. It's the company's latest federal funding injection.

Circle (CRCL) shares have dropped ~40% from highs, mirroring crypto market volatility and investor risk aversion. I maintain a buy rating, seeing recent downside as sentiment-driven while Circle's long-term growth trajectory remains intact. Key forward drivers are increased transaction penetration, the upcoming Arc payments network, and improving distribution economics.

MIAMI, June 30, 2026 (GLOBE NEWSWIRE) -- Sharplink, Inc. (Nasdaq: SBET) ("Sharplink" or the "Company"), one of the world's largest corporate holders of Ether ("ETH") and a prominent industry advocate of Ethereum adoption, today announced the purchase of 10,000 ETH at an average price of $1,611 per ETH, bringing total ETH holdings1 to 886,725. The Company also announced the repurchase of 2,132,773 shares of its common stock in the open market at an average purchase price of $4.69 per share in connection with its ongoing stock buyback program.

Key Company Highlights for the Week Ending June 28, 2026

Raised $75 million via a registered direct offering of common stock and warrants.Bought 10,000 ETH at an average price of approximately $1,611 per ETH.Total ETH holdings1 increased to 886,725.Repurchased 2,132,773 shares of common stock, bringing total to 4,071,223 shares repurchased since initiating its buyback program in August 2025. The Company's ETH purchases reflect its continued commitment to growing its ETH treasury as a long-term reserve asset. Separately, pursuant to its ongoing stock buyback program, Sharplink has repurchased its common stock, which it believes is significantly undervalued.

"The successful completion of our $75 million registered direct offering last week has strengthened our balance sheet and provided the capital to support our active ETH treasury management strategy. Our capital allocation philosophy is disciplined and straightforward: every financing decision we make is based on our long-term objective to increase ETH per share,” stated Joseph Chalom, CEO of Sharplink.

1 Total ETH holdings held as of June 28, 2026, were comprised of 632,719 native ETH, 181,299 ETH as-if redeemed from LsETH and 72,707 ETH as-if redeemed from weETH.

About Sharplink, Inc.

Sharplink is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.

Forward-Looking Statement

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, goals and expectations regarding the Company’s strategy and potential partnerships, and other statements accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words, but the absence of these words does not mean that a statement is not forward-looking. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the intended use of proceeds from our recent Offering; the potential use of the Company’s ATM facility; the Company’s ability to repurchase additional shares of its common stock under its stock repurchase program; the Company’s ability to achieve and sustain profitable operations; volatility in the market price of ETH and its resulting impact on the Company’s accounting and financial reporting; changes in government regulation of cryptocurrencies and online betting; changes in securities laws or other applicable regulations; fluctuations in customer demand and overall economic conditions; competitive pressures, including competing products, pricing, and sales cycles; the protection and enforcement of the Company’s proprietary rights; and other risks and uncertainties described in the Company’s Annual Report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for other certain types of crypto assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge reflected in net income as a result of a decrease in the market price of the crypto assets below the cost value at which the Company’s crypto assets are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.

CONTACT:
Sharplink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: [email protected]

Sharplink’s Media Contact:
Email: [email protected]

TORONTO, June 30, 2026 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported the voting results of its Annual General Meeting (the “AGM”), which was held virtually on Friday, June 26, 2026, and recapped highlights from the presentation given by Chairman & CEO Dr. Suresh Venkatesan.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its 2026 second quarter financial results after the market closes on Wednesday July 29, 2026 and will host an investor conference call related to this release on Thursday July 30, 2026 at 8:30 am Eastern Time.

A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or listeners may access the call toll-free by dialing 1-833-769-6440 in Canada or 1-833-461-5787 in the United States (meeting ID: 884 908 323) approximately 15 minutes prior to the scheduled start time.

The Company encourages participants who will be dialing in to pre-register for the conference call using the following link: https://events.q4inc.com/analyst/884908323?pwd=PWAeME8n. Callers who pre-register will be given a conference access code and PIN to gain immediate access to the call and bypass the live operator on the day of the call.

About GFL

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.

For more information:
Patrick Dovigi
+1 905-326-0101
[email protected]

SOURCE GFL Environmental Inc.

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Shares of SpaceX rose Monday, advancing following the news that the company will soon be added to an influential tech index.

© Ja Crispy / Shutterstock.com

I keep hitting the buy button on Apple (NASDAQ:AAPL | AAPL Price Prediction), and July is the month I am leaning in hardest. The pullback over the last month gave me the entry I wanted, and the catalyst I have been waiting on lands on the calendar in roughly four weeks. This is the position I have been adding to all year, and I am not done.

What pulls me back to the buy button is simple. Apple sells a device that 2.5 billion people refuse to put down, then rents them software, storage, music, and payments for the rest of their lives. The hardware locks them in. The Services business prints the rent. That is the entire thesis in two sentences, and every quarter the data hardens it.

The three reasons I keep buying First, the earnings cadence. Apple has now posted eight consecutive quarters of EPS beats, with the most recent quarter delivering $2.01 against a $1.94 consensus. Revenue came in at $111.18 billion, up 16.6% year over year, with double-digit growth across every geographic segment. iPhone revenue alone hit $56.99 billion on what Tim Cook described as “extraordinary demand for the iPhone 17 lineup“. That is operational consistency I will pay up for.

Second, the Services flywheel. Services revenue reached $30.98 billion last quarter, growing 16.1% year over year, sitting on top of a gross profit of $54.78 billion and an operating margin north of 32%. Return on equity sits at 171.4% and return on invested capital at 53.3%. Those are utility-grade recurring revenues attached to luxury-grade margins.

Third, the capital return. The board approved a fresh $100 billion buyback authorization and lifted the dividend 4% to $0.27 per share. In fiscal 2025 alone, Apple repurchased $90.71 billion of its own stock. Every quarter I hold, my slice of the pie gets bigger without me lifting a finger.

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The risk I will not pretend away The valuation is rich. A P/E of 37 and forward P/E of 29 leave no margin for a stumble. Greater China is the other live wire. It cratered to $14.49 billion in the September 2025 quarter before snapping back to $25.53 billion in the December quarter. Tariffs, trade policy, and component sourcing out of Asia stay on my watch list every single day.

What keeps the thesis intact is the math underneath the multiple. Net income grew 19.36% last quarter, gross profit grew 22.1%, and operating cash flow in the December quarter jumped 80.14% year over year. When earnings compound faster than the multiple expands, the premium pays for itself.

Why July is the month The next earnings report drops July 30, 2026, after the close. The stock is down 8.71% over the past month to $283.78, even though shares are up 41.75% over the past year and 1,232% over the past decade. Analysts polled on Wall Street currently carry a target of $315.09, with 7 Strong Buy and 23 Buy ratings against three sells.

I am buying a business with 2.5 billion daily customers, a recurring revenue engine that prints at software margins, and a management team writing $100 billion checks to repurchase its own equity. The buy button stays active for me through July, through the report, and through every quarter after it.

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Contact [email protected] for any questions or corrections.

Elon Musk recently said he thinks Space Exploration Technologies (SPCX +7.18%), or SpaceX, could be generating $1 trillion in annual revenue by 2030. That's an astounding projection given that the business generated roughly $18.7 billion in sales last year. For some additional context, the business grew revenue 33% annually to reach last year's revenue level.

If SpaceX were to reach $1 trillion in revenue by 2030, the company would need to grow its revenue roughly 5,248% over 2025's figure to hit that target. In other words, the company would need to grow its revenue at an average annual rate of 121.6% each year to hit that target -- an enormous rate of growth to deliver on average over a five-year period. On the other hand, the target could start to look far more reachable if it factors in an anticipated merger between SpaceX and Tesla (TSLA +8.49%).

Image source: Getty Images.

Is a Tesla merger Musk's path to getting SpaceX to $1 trillion in revenue? Last year, Tesla posted roughly $94.83 billion in annual revenue. Notably, the company's sales actually declined roughly 3% year over year in the period -- marking the first-ever annual revenue decline in the business's history.

If you combined Tesla's and SpaceX's revenue for 2025, you'd reach roughly $103.5 billion in annual sales. Based on that figure, the combined business would need to grow revenue at a 57.4% compound annual growth rate (CAGR) over a five-year period.

That CAGR actually looks far more achievable because SpaceX grew revenue 33% last year, and it seems like there's a good chance that sales growth will actually accelerate this year, thanks to new artificial intelligence (AI) processing deals with Alphabet and other customers, along with continued growth for the company's rocket-launching and Starlink services.

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With Tesla revenue currently declining and accounting for the vast majority of the two companies' combined revenue, the electric vehicle (EV) business could actually be a substantial drag on CAGR if the two companies were combined. Overall demand in the EV market has cooled, and Tesla in particular has seen significant declines in vehicle sales.

On the other hand, it's not unreasonable to expect Tesla to start recording real revenue from its robotaxi and humanoid robotics businesses within the next five years, offsetting potential continued declines in automotive revenue.

With the monumental growth needed to get SpaceX to $1 trillion in sales within the next five years in mind, it's possible that Elon Musk is hinting that a merger between SpaceX and Tesla is on the horizon. Of course, it's possible that he really believes SpaceX alone will reach $1 trillion in revenue by 2030. It's also possible that the famously ambitious tech leader is throwing out highly optimistic projections to help generate excitement among investors and shore up support for the company's highly growth-dependent valuation.

Tesla stock paused early Tuesday after an epic Monday.

Prime members can save $0.50 per gallon on fuel during the Fourth of July weekend, plus savings on barbecue grocery items like grilling meats under $10, summer produce under $4, and party-size snacks and frozen treats starting at $2.

Prime Access members will receive an exclusive $5 monthly grocery credit from July through September, applied automatically at checkout on orders of $25 or more—up to $15 in grocery savings over the summer to help households unlock the convenience of fast, free delivery on everyday essential grocery items.

SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) today introduced new summer savings for Prime members just in time for the Fourth of July, including $0.50 per gallon fuel savings, timely savings on barbecue grocery items alongside free Same-Day Delivery in eligible areas, and an exclusive monthly grocery credit for Prime Access members.

"Summer is a time for making memories, and Prime is here to make the entertaining more affordable," said Carmen Nestares, vice president, North America Prime and Marketing Tech. "Prime delivers unmatched savings every day, and this July 4 holiday we’re excited to introduce $0.50 per gallon fuel savings, low prices on everything you need to set up the summer spread, and a monthly savings boost to carry Prime Access families through the summer fun."

Fuel Your Fourth of July Travel

Tens of millions of Americans are expected to hit the road during the Fourth of July weekend, and Prime members can enjoy extra fuel savings. Prime, Prime Access, and Prime for Young Adults members can save $0.50 per gallon on one fuel purchase during the Fourth of July weekend, July 2 to 5, at more than 7,500 bp, Amoco, and participating ampm and Thorntons locations across the U.S. Every day throughout the year, Prime members enjoy fuel savings of $0.10 per gallon, and households can double the savings across two transactions with Amazon Family. Members can link their membership with the bp loyalty account, earnify, to start saving on every fill-up. Visit amazon.com/fuelsavings to learn more and get started. Terms apply.

More in Your Grocery Cart, Less at Checkout

Prime members enjoy great value across Same-Day Delivery, Whole Foods Market, and Amazon Fresh every day and every season, and when it's time to set up the Fourth of July spread, Prime members in eligible areas can order perishable groceries fast and free at everyday low prices with Same-Day Delivery on orders over $25. Today, members in more than 2,300 cities and towns can get fresh groceries, alongside electronics, books, pantry staples, snacks, and everyday household essentials like paper towels and toothpaste, within hours. And with thousands of grocery items displaying the Freshness Guarantee badge on Amazon.com, customers can shop with confidence knowing their perishable groceries will arrive as expected, or Amazon will make it right.

Savings for the Summer Spread

When shopping for groceries on Amazon, Prime members can find everyday low prices across the widest selection, with prices that meet or beat other major retailers. Members can load up on all the barbecue essentials for their summer celebrations in one cart, from grilling meats to frozen treats, for less than $20. That includes:

Entertaining Essentials Starting at $2: Stock-up on party-size Ruffles and Lay's chips, Amazon Grocery ready-to-serve potato salad, frozen treats like Talenti gelato and So Delicious vegan ice cream, and Ghirardelli intense dark chocolate and Jet-Puffed marshmallows.Summer Produce Under $4: Brighten up the table with Wonderful Seedless Lemons and sweet corn.Grilling Meats Under $10: Fire up the grill with Amazon Grocery chicken thighs, Amazon Grocery 85% lean ground beef burgers, and Ball Park Classic Hot Dogs.Sweeten the deal with online and in-store savings from Whole Foods Market. From July 1 to July 7, Prime members can enjoy 50% off ice cream and frozen treats, including products from Van Leeuwen, So Delicious, and Jeni’s.

Prime Access-Exclusive Grocery Savings

Prime Access provides eligible government assistance recipients and income-verified customers with the full Prime experience, discounted at more than 50% off the monthly price. This summer, Prime Access members can look forward to added grocery savings and convenience.

From July to September, Prime Access members will receive an exclusive $5 credit at the start of each month, applied automatically at checkout on eligible orders of $25 or more. That's up to $15 in grocery savings over the summer. The credit applies to eligible everyday essential grocery items available on Amazon.com, including breakfast, baby foods, pantry staples, snacks, beverages, and more.

Prime Access members can head to Amazon Access to explore programs that make shopping on Amazon even more affordable. There, Prime Access members can use SNAP payment methods on EBT-eligible items from Amazon.com, Amazon Fresh, and Whole Foods Market where available. That includes Summer EBT, a federal program providing grocery benefits to families with school-age children during the summer months, helping bridge the gap when school meal programs are not available.

Join Prime Today

Every day, Prime members enjoy Same-Day and Next-Day Delivery on tens of millions of items, access to exclusive deals and shopping events like Prime Day, Alexa+, award-winning content with Prime Video, ad-free listening with Amazon Music, healthcare and prescription savings, and so much more. Anyone can join Prime for $14.99 per month or $139 per year or start a free 30-day trial if eligible at amazon.com/prime.

Government assistance recipients and income-verified customers can try Prime Access for 30 days, then pay $6.99 per month. Prime Access includes all of Prime’s benefits plus the exclusive monthly grocery credit. Verify eligibility at amazon.com/getprimeaccess. Eligible new higher-education students and 18- to 24-year-olds can try Prime for Young Adults for six months at $0, then pay $7.49/month or $69/year. Sign up at amazon.com/youngadult.

About Prime

Prime provides the best value because it bundles savings, convenience, and entertainment into a single membership. In the U.S., that includes more than 300 million items across over 35 categories with free Prime shipping, including tens of millions of items available with Same-Day or Next-Day Delivery, and free Same-Day Delivery on grocery orders over $25 in most areas. Prime members enjoy added savings and convenience with discounts on 1-hour and 2-hour delivery on fresh groceries and everyday essentials from Whole Foods Market and Amazon Fresh, 1-hour and 3-hour delivery on over 90,000 items available on Amazon.com in select cities and towns, and where available ultra-fast delivery in about 30 minutes or less on fresh groceries and everyday essentials with Amazon Now. Prime members also enjoy exclusive deals and shopping events like Prime Day, movies, shows, and live sports with Prime Video, ad-free listening with Amazon Music, cloud gaming with Amazon Luna, savings across healthcare, prescription medications, restaurant delivery, and fuel, and Alexa+. Prime members can also share a broad range of benefits with others in their household with Amazon Family. Anyone can join Prime for $14.99 per month or $139 per year or start a free 30-day trial if eligible at amazon.com/prime. Amazon ensures Prime is accessible by offering discounted memberships to higher-education students and young adults ages 18-24 with Prime for Young Adults, as well as qualifying government assistance recipients and income-verified customers with Prime Access.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

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Trade tensions appeared to cool after the U.S. and European Union reached a trade agreement capping most EU exports to the U.S. with a 15% tariff ceiling. For investors, that looked like a welcome step toward greater certainty after months of tariff negotiations. 

Yet trade policy rarely stays settled for long. President Trump has now opened a new front in the global trade debate by targeting digital services taxes, or DSTs, arguing they unfairly single out America’s largest technology companies. That shifts the conversation from steel, automobiles, and consumer goods to software, online advertising, cloud computing, and e-commerce.

Digital Taxes Put Big Tech In the Spotlight Unlike traditional corporate income taxes, digital services taxes target revenue generated from digital platforms rather than profits. According to the Tax Foundation, roughly half of European countries are discussing, proposing, or have already implemented some form of DST aimed largely at multinational technology companies.

The U.K. has imposed a 2% digital services tax since 2020 on revenues generated by search engines, social media companies, and online marketplaces that derive value from U.K. users. France, Italy, Spain, Austria, and Canada have enacted similar measures, according to the Tax Foundation and each country’s finance ministry.

Trump has made clear he views those taxes as discriminatory. In a Truth Social post, he said any country imposing a digital services tax on U.S. companies would face a 100% tariff on all goods exported to the U.S.. Earlier this month, he warned France that its wine and champagne would face a 100% tariff if it moved forward with expanding its digital tax regime.

The Legal Battle Over Tariffs Isn’t Over The White House also faces legal questions over how such tariffs would be implemented.

Last year, the Supreme Court struck down Trump’s reciprocal tariff framework that relied on the International Emergency Economic Powers Act, limiting the administration’s ability to impose broad tariffs under emergency powers. In response, Trump immediately invoked Section 122 of the Trade Act of 1974 to establish a new 10% global tariff.

That authority comes with an important limitation. Section 122 tariffs can remain in place for only 150 days unless Congress approves an extension. That means any long-term tariff campaign tied to digital services taxes could require either new legal authority or congressional support.

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Granted, legal uncertainty doesn’t necessarily prevent markets from reacting. Investors often price in policy risk long before courts or lawmakers reach a final decision.

These Tech Giants Have the Most at Stake Digital services taxes primarily affect companies generating large amounts of advertising, marketplace, software, or cloud revenue across Europe. These five are the most exposed:

Company Primary exposure to DSTs Alphabet (NASDAQ:GOOG | GOOG Price Prediction) Google Search and YouTube advertising throughout Europe Amazon (NASDAQ:AMZN) Marketplace commissions and seller fees, particularly in the U.K. and France Apple (NASDAQ:AAPL) App Store commissions and broader European consumer exposure if retaliation expands Meta Platforms (NASDAQ:META) European and U.K. advertising revenue from Facebook and Instagram Microsoft (NASDAQ:MSFT) Azure cloud services, enterprise software, and digital subscriptions The largest beneficiaries of eliminating DSTs would likely be Meta and Alphabet because advertising revenue forms the core of both companies’ business models. Amazon’s marketplace business also faces direct exposure, while Apple’s App Store commissions fall within many governments’ definition of taxable digital services. Microsoft faces less direct exposure but still generates billions in European cloud and software revenue.

That said, investors should also consider the other side of the equation. If Europe retaliates against U.S. tariffs with new taxes or import restrictions, companies like Apple and Amazon could face pressure on their broader international operations.

Key Takeaway The latest tariff threat suggests trade tensions are evolving rather than disappearing. The U.S.-EU agreement lowered uncertainty for traditional goods by establishing a 15% tariff ceiling, but digital services taxes have emerged as the next battleground. 

For investors, the companies to watch remain Meta, Alphabet, Amazon, Apple, and Microsoft because each generates meaningful revenue from European digital markets. Regardless of whether the administration ultimately has the legal authority to impose lasting 100% tariffs, policy headlines alone can move markets. Smart investors should pay as much attention to Washington and Brussels as they do quarterly earnings over the coming months.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Advanced Micro Devices stock has more upside with CPU demand continuing to be strong through the end of the decade, according to analysts.

Nike heads into its fiscal fourth-quarter earnings report this week with expectations at multi-year lows, as investors look for evidence that the sportswear giant can revive growth after years of slowing sales, market share losses and mounting competitive pressure.

The company is due to report results on Tuesday afternoon, with analysts expecting earnings of 12 cents a share, down from 14 cents a year earlier, on revenue of $10.85 billion compared with $11.1 billion in the same quarter last year, according to FactSet.

Once one of the biggest winners during the pandemic, NKE has struggled to sustain that momentum.

Its shares have fallen about 75% from their 2021 highs and are down roughly 35% since the beginning of 2026, reflecting investor concerns over slowing demand and an uncertain turnaround.

Several brokerages have trimmed their expectations ahead of the earnings release, although many believe the low bar could leave room for a positive market reaction if management provides encouraging guidance.

JPMorgan on Monday reduced its price target on Nike to $47 from $52 while maintaining a Neutral rating.

The brokerage also lowered its fiscal 2027 earnings-per-share estimate to $1.58 from $1.63 after conducting channel checks that pointed to weakening sales trends.

The bank said business conditions had softened across key markets, with demand deteriorating during its fieldwork.

It described Nike's forward fundamentals as being "in flux," suggesting uncertainty remains around the pace of recovery.

Even so, JPMorgan's revised target still represents about 13% upside from the stock's previous closing price.

Other analysts have also become more cautious.

Stifel lowered its price target to $50 from $56 while maintaining a Hold rating, however, saying it is "not ready to call a bottom" for Nike shares ahead of the earnings report.

The brokerage cited continued market share losses and subdued demand across the athletic footwear market.

Analyst Peter McGoldrick said Nike's leadership position alone would not necessarily translate into stronger shareholder returns without renewed product innovation or a meaningful shift in consumer preferences.

Stifel also pointed to challenger brands as offering more attractive risk-reward opportunities and said recent executive changes, including the finance leadership transition, were unlikely to materially improve sentiment before the company's investor day planned for later this year.

Oppenheimer also reduced its price target, cutting it to $60 from $120 while retaining its Outperform rating.

The firm expects Nike to continue aggressively repositioning its business as it works through execution challenges, weaker consumer spending, and macroeconomic pressures across both domestic and international markets.

While quarterly numbers will be closely watched, analysts believe management's outlook for the coming year could prove even more important for investors.

Wall Street is expected to focus on the company's updated turnaround timeline following Nike's announcement last week that David Denton, currently chief financial officer at Pfizer, will take over as finance chief on Aug

17, replacing Matthew Friend.

Jefferies analysts expect Nike to adopt a conservative approach to guidance, allowing Denton to establish longer-term financial targets during the company's investor day later this year.

KeyBanc last week downgraded Nike to Sector Weight, arguing that the company's recovery is progressing more slowly than previously anticipated.

The brokerage pointed to persistent weakness in China and Europe, intensifying competition from newer athletic brands, and another round of management changes as reasons to remain cautious.

Although KeyBanc acknowledged that Nike had made progress in rebuilding relationships with wholesale partners and improving operational execution, it stated that investors may need to wait until the investor day before gaining greater confidence that the turnaround is firmly on track.

The firm also noted that Nike continues to trade at a valuation premium to many of its peers despite the uncertain outlook.

Analysts will also be paying close attention to Nike's comments on its FIFA World Cup strategy, with the tournament seen as a potential catalyst for sales growth.

However, expectations have become more restrained.

KeyBanc analysts said the company's opportunity to differentiate itself during the tournament may have been diluted because several competing brands have also supplied players with pink football boots.

The brokerage said the industry's widespread adoption of similar designs "blurs the brand distinction NKE was looking for," limiting the potential upside from boot sales during the tournament.

With earnings growth largely stalled and revenue remaining broadly flat over the past three quarters, investors are likely to judge Tuesday's results less on the reported figures and more on whether management can convince the market that Nike's long-awaited turnaround is finally beginning to gain traction.

Nvidia‘s (NASDAQ:NVDA | NVDA Price Prediction) legendary top boss may very well be playing a game of chess while others in the AI scene play checkers. Undoubtedly, with the Vera Rubin era on the horizon and no hesitation from the mega-cap tech giants who are expected to keep on spending mouth-watering sums on CapEx (a lot of which is going towards next-generation AI chips), it feels like Nvidia stock is nothing short of a bargain as the price-to-earnings (P/E) multiple slips below the 30 times mark for the first time in a long time.

Arguably, the Vera Rubin boom alone would be enough reason to pick up the stock as it sags below the $200 per-share level again. And while things are continuing to look up, perhaps way up, for AI demand as we enter the second half of the year, questions linger as to what could happen once custom silicon (think ASICs) looks to displace GPUs in the data centers of tomorrow.

Nvidia stock is under pressure, but it has a new growth pathway as the AI revolution matures The hyperscalers aren’t just backing up the truck on GPUs, but they’re also spending considerable sums on the research and development of AI chips that might just help many of Nvidia’s biggest customers diversify away from the behemoth. In any case, it feels like the market is big enough that Nvidia’s shelves could be emptied and a few custom silicon players could make a move into the space.

Most notably, Alphabet‘s (NASDAQ:GOOG) Google could unlock a significant profit stream for itself as it looks to sell TPUs to firms that would have otherwise bought GPUs. In any case, the big question for Nvidia, though, isn’t just whether the firm can excel by playing defense against a number of firms that want more cost-effective chips for the inference inflection point.

With agentics and robotics on the horizon, a strong case could be made that more than just Nvidia is going to need to step up to the plate to meet that demand. And as other firms begin to make noise with their own silicon, my guess is that the cost of tokens will move lower, bringing forth even more demand. As token costs collapse and large language models (LLMs) become less large, questions linger as to what happens once AI finds its home in the edge.

Don’t discount the potential of local AI compute Indeed, if consumers aren’t so happy to pay for AI subscriptions, perhaps making the hardware investment upfront could be the move. Add backlash and NIMBYism facing new AI data center builds into the equation, and perhaps the edge could represent the next big opportunity in the scene.

Arguably, Apple (NASDAQ:AAPL) already has a solid stage set with its latest foundation models and the architecture behind them (Instruction-Following Pruning) that allows iPhones to pack quite a punch, given the hardware constraints (a minimum of 12GB of RAM in this case).

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Either way, it’s clear that Nvidia’s CEO isn’t just going to wait around as the AI revolution evolves and more people consider how they can use AI most economically. As we shift gears from tokenmaxxing towards deliberate, efficient use, I do think that the edge could be a source of tremendous positive surprises. And it’s not just about phones, either. AI PCs have had a rather sluggish take-off thus far, but that may soon change, especially as Nvidia looks to empower the PCs of tomorrow.

Nvidia’s ticket to the edge AI boom Whether we’re talking about the RTX Spark superchip or the partnership with Microsoft (NASDAQ:MSFT), I do think that Nvidia is well-positioned to have a piece of the edge AI boom. Indeed, the Mac versus PC war could get that much fiercer with edge AI and Nvidia hardware thrown into the equation.

In any case, perhaps Jensen Huang is right on the money when he says things like AI supercomputers might be common in the home. It sounds far-fetched on the surface, but, in my opinion, the stage is already set for such with RTX Spark on the PC side and Apple and its M-series chip on the Mac side. As everyday consumers opt to use more local compute and less from the cloud, I do think that Nvidia is well-positioned to profit.

At the end of the day, Nvidia’s reach spans all major layers of what Jensen Huang refers to as an “AI cake.” And in that regard, shares seem way too cheap today, given that shares still seem priced as a cyclical GPU seller that’s nearing some sort of peak — something that I believe is far from reality.

In my humble opinion, Nvidia has what it takes to win at home and in the cloud.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Build-A-Plan empowers customers to adjust their wireless plan month to month based on their budget and needs—and now makes it easier to add America's Best and Fastest Home Internet1 for an awesome price.

Key Takeaways:

More Choice: Build-A-PlanSM customers can personalize their wireless plan to match their needs and their budget and easily add the best and fastest home internet in the process. More Control: The plan allows for flexibility, giving customers the option to add or remove wireless services at any time depending on their needs. More Value: More than half of customers now want the choice to personalize their wireless and have the ability to add broadband.2 With the improved Build-A-Plan experience, customers can now do that and save when they add America's Best and Fastest Home Internet, AT&T Fiber®, or AT&T Internet Air™ starting at $70/mo.3  , /PRNewswire/ -- What's new: On July 7, AT&T is expanding Build-A-Plan, giving customers the ability to customize their unlimited wireless plan and making it easier to add America's Best and Fastest Home Internet—all in one simple process. This builds on our commitment to keep customers connected at home and on the go, reinforcing AT&T's leadership in converged experience. And no other provider at our scale delivers the combined strength of wireless and home internet like AT&T.

Why it matters: Customers want seamless connectivity from a single provider. With Build-A-Plan, we are giving customers a simple, straightforward way to easily buy wireless and add AT&T home internet—while maintaining control over their budget.

More details: AT&T continues to lead in converged connectivity. We were first to offer a single subscription for wireless and home internet at one clear, all-included monthly price when we launched AT&T OneConnect. Now, Build-A-Plan delivers a customized option—letting customers tailor their wireless plan and easily add super-fast and reliable home internet, for a great price. This is our latest effort to simplify the connectivity experience, designed to flex around how people actually live.

Why AT&T Fiber: AT&T Fiber delivers America's Best and Fastest Home Internet—and customers notice. Fiber customers report the highest satisfaction, and those who bundle wireless and home internet see even greater value. With the nation's largest fiber network,4 AT&T is uniquely positioned to deliver a premium, converged experience.

Where fiber isn't available, AT&T Internet Air5 provides fast, reliable home internet powered by America's largest wireless network6—so customers stay connected anywhere they are.

Quotable: "Customers told us they want connectivity that works together seamlessly and the flexibility to choose what fits their lives," said Jenifer Robertson, executive vice president and general manager, AT&T Consumer. "With Build-A-Plan, we've already put customers in control of their wireless experience. Now, by making it easier for them to add AT&T Fiber or AT&T Internet Air, we're giving them even more opportunity to stay connected."

When the connection matters, it has to be AT&T. Start saving Tuesday, July 7: https://www.att.com/plans/build-a-plan/

FAQ

What is Build-A-Plan?
Build-A-Plan is AT&T's customizable connectivity experience that allows customers to personalize and adjust their plan month to month based on their needs and budget.

What is AT&T Fiber?
Fiber optic internet uses thin glass cables and light to send data, allowing for hyper fast speeds.

There are several key benefits to choosing fiber internet:

Fast speeds: Fiber internet can reach speeds that makes it ideal for streaming HD videos, online gaming, and using many devices at once. Equal upload and download speeds: Unlike most other internet types, fiber gives you the same fast speed whether you're uploading or downloading. This is great for video calls, sharing large files, and creating content online. Reliable connectivity: Fiber internet offers consistent speeds even during busy times when many people are online. This means fewer interruptions and a smoother online experience. Fiber optic internet offers fast, reliable, and consistent service, making it one of the best choices for anyone who wants a top-quality home internet connection.

What is AT&T Internet Air?
AT&T Internet Air is our wireless home internet delivered over the reliable AT&T 5G network.7

What is the difference between AT&T OneConnect and Build-A-Plan?
Both offer a simple way for people to get all of their connectivity from one provider.

AT&T OneConnect is a single subscription that combines fast, reliable home internet and wireless together across as many devices as needed,8 with one simple subscription and one all-in price.

Build-A-Plan is a plan designed to give customers more choice and control, with the ability to customize their wireless plan and easily add home internet at a great price, and adjust the wireless plan month to month as needed.

1AT&T Fiber, based on analysis by Ookla® of Speedtest Intelligence® data, 2H 2025. Limited availability.
2Build-A-Plan Concept Research, AT&T Brand Strategy, Dec 2025 – Jan 2026 (n=6,008 US wireless Consumers)
3Plus taxes & fees. $70/mo. for Build-A-Plan wireless ($15/mo + $20/mo unlimited data w/ SD streaming) and Internet 300 or Internet Air ($35/mo with elig wireless and Autopay & Paperless bill). Limit one line. Req's unlocked eSIM capable phone. Terms & restr's apply.
4Based on the number of fiber to the home households using publicly available data.
5In rare cases, if your usage is contributing to congestion on the network, AT&T will greatly reduce your speed for a min. of 30 min.
6Compares cellular networks, excluding satellite.
75G coverage not available in all areas
8Maximum number of wireless lines varies by plan. Limited to bring your own eSIM compatible, unlocked smartphones, tablets, and wearables.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

SOURCE AT&T

Signs Of Market ExhaustionCurrently, the index sits at 7,440.43 points, as of Monday’s close, which is still 17.29% higher than its lowest point of the year on March 30, 2026, at 6,343.72 points.

The strategist notes that stretched valuations and weakening indicators can lead to a “three-wave correction” in the index. Alerting investors to maintain a "defensive stance" from July through September, Ciana said that the index’s rally after the U.S.-Iran ceasefire has been “volatile as correction risks build."

Key Support Levels to WatchExpecting a nearly 7.6% decline from the current levels, Ciana forecasts the index to drop around 7,122 points, with a further downside risk to 6,850 levels.

This comes as the margin debt has soared 54% year-over-year, which has been previously seen during major market peaks. Other BofA equity strategists like Savita Subramanian also told Bloomberg that the market is showing "too many red flags" and that investors should "take profits" whenever they can.

Divided Wall Street OutlookNot all experts expect a decline in the index. Fundstrat’s Tom Lee had earlier said that he sees the S&P 500 “above 7700” by the year-end.

Similarly, JPMorgan’s baseline projection for the S&P 500 sits at 7,800.

However, BofA also maintains that while a summer drop is likely, a year-end rally remains possible once the correction runs its course.

How Have Markets Performed In 2026?The S&P 500 index has advanced 8.49% year-to-date. Similarly, the Nasdaq Composite index was up 11.12%, and the Dow Jones gained 7.85%YTD.

Meanwhile, the Dow tracker, State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), closed 0.76% higher on Monday.

In premarket on Tuesday, SPY was up 0.14%, and QQQ also advanced by 0.17%, whereas DIA was down by 0.0096%.

Photo courtesy: Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Melbourne, Australia and Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Mithril Silver and Gold Limited (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) ("Mithril" or the "Company") is pleased to announce an upgraded Mineral Resource Estimate (MRE) for the Target 1 deposit at its flagship Copalquin Project in Durango State, Mexico.

After approximately 60,000 metres of drilling, 204 drill holes for an overall Target 1 discovery cost of less than US$20 per ounce of gold equivalent (AuEq), Mithril has developed a high quality and predictive geological model that clearly defines the controls on mineralisation, resulting in high resource confidence and continuity.

Unlike a purely geological estimate, the upgraded MRE has been constrained using preliminary mining shapes and incorporates expected mining dilution, providing a more realistic representation of the material that could ultimately form a mine plan. By accounting for practical mining conditions at the resource stage, the estimate provides a stronger foundation for future mine planning, engineering studies and economic evaluation, and represents an important step in de-risking the Target 1 as it advances toward development.

Highlights

Significant resource upgrade with total constrained and diluted Indicated and Inferred resources of 343 koz gold + 8.479 Moz silver (464 koz AuEq) and 103 koz gold + 3.398 Moz silver (151 koz AuEq), respectively. Indicated totals 3.391 Mt grading 3.15 g/t gold and 77.8 g/t silver (diluted) and Inferred totals 1.436 Mt grading 2.23 g/t gold and 73.6 g/t silver (diluted). See Table 2 for full details196% increase in higher-confidence indicated gold and silver compared to previous MRE.75% of total gold and silver now classified as indicatedResource constrained within preliminary underground mining shapes and incorporates expected mining dilution, providing a more realistic basis for future engineering and economic studiesHigh confidence resource, remains open along strike and at depth with multiple opportunities for expansionOverall Target 1 MRE discovery cost of less than US$20 per ounce AuEq from approximately 60,000 metres of drilling in 204 drill holesGeological insights from Target 1 are being applied across multiple high-grade targets within the broader Copalquin epithermal systemThe following Table 1 provides the highlighted base case for undiluted mineralisation reporting within the underground mining shapes (mine stope optimiser - MSO) at a cut-off grade of 1.5 g/t AuEq plus sensitivities to gold prices.

The MRE for Target 1 (Table 2) was generated from the highlighted base case in Table 1 assuming bulk underground mining method (long hole open stoping - LHOS) with mining widths averaging approximately 4 metres as presented on a diluted basis in Table 2. The MSO work identified areas where more selective underground mining methods such as cut and fill (higher cost than LHOS) could be utilised to reduce dilution and increase mined grades. The difference between the undiluted grade of 6.85 g/t AuEq (Table 1 Indicated base case) and the diluted grade of 4.26 g/t AuEq (Table 2, Total Indicate Target 1 MRE) reflects this conservative mining dilution assumption whereby lower grade mineralisation surrounding the high grade core would be extracted within geometry of a minable shape adding more tonnes and ounces at a lower average grade. More detailed mining study work will fully assess the mining methods across the Target 1 MRE.

"This resource upgrade is about much more than adding ounces. We now have a resource where three-quarters of the contained metal sits in the higher-confidence Indicated category, constrained within practical underground mining shapes and incorporating expected mining dilution," said John Skeet, Managing Director and CEO. "That gives us a resource that is directly applicable to mine planning rather than simply a geological inventory. Combined with a discovery cost of less than US$20 per gold equivalent ounce and an underlying predictive geological model that continues to identify new mineralisation, we believe Target 1 has become one of the highest-quality pre-development underground gold-silver resources in Mexico."

Webinar - Join Mithril management for live online seminar reviewing the most recent MRE and company update.

Date and Time: Pacific Time June 30, 2026 3:30pm, Aust Eastern Time, July 1, 2026 8:30 am

Where: https://6ix.com/event/mithril-silver-and-gold-copalquin-project-update

Table 1 Gold price sensitivity to constraining shapes, reported at 1.5 g/t AuEq cut-off (constrained and undiluted)

Au PricesClassificationTonnesGoldSilverGold Eq.GoldSilverGold Eq.(USD)
(kt)(g/t)(g/t)(g/t)(koz)(koz)(koz)2,700Ind1,8885.28126.17.083217,654430Inf8313.46113.75.08923,0381363,000Ind1,9415.18124.26.963237,752434Inf8633.39111.74.98943,0991383,300Ind1,9905.10122.46.853267,832438Inf9003.32109.14.87963,1551413,500Ind2,0385.01120.96.743297,922442Inf9233.27107.54.81973,1891434,000Ind2,0744.96119.76.673307,984445Inf9493.23105.94.74983,233145Notes to Table 1:

The Table presents the results of a sensitivity analysis by varying gold prices on AuEq block model values and reports an undiluted tonnage, grade and metal content contained within the mining shapes. The scenarios as presented are not considered statement of mineral resources or reserves, and do not have demonstrated economic viability.AuEq calculated using metal prices of USD $3,300/oz Au and $50/oz Ag where AuEq g/t = Au g/t + (Ag g/t x (Au price/Ag price) x (Ag recovery/Au recovery)) with metallurgical recoveries of 96% Au and 91% Ag from metallurgical test work on Target 1 composite samples1. An AuEq cut-off grade of 1.5 g/t was selected after applying 95% mining recovery and 5% dilution factors to the metal price and recovery values.Table 2 Upgraded Copalquin Target 1 Mineral Resource Estimate (underground mining shape constrained & diluted)

Target 1
AreaClassTonnesGoldSilverGold Eq.GoldSilverGold Eq.

(kt)(g/t)(g/t)(g/t)(koz)(koz)(koz)El RefugioInd2,5573.3873.74.442786,061365
Inf1,2172.1782.13.35853,214131La SoledadInd8342.4390.23.72652,418100
Inf2192.5426.12.921818421TotalInd3,3913.1577.84.263438,479464
Inf1,4362.2373.63.281033,398151Notes to Table 2:

Numbers may not add due to rounding.All dollar values in United States Dollars (USD) unless otherwise noted.Mineral resources were prepared in accordance with the CIM Definition Standards (2014) and Estimation of Mineral Resource and Mineral Reserve Best Practice guidelines (2019), which are materially identical to the JORC Code (2012).The preparation of the mineral resource estimate was supervised by John Sims, President of Sims Resources LLC, an independent contractor and Qualified Person (QP), and Competent Person (CP), as a Certified Professional Geologist (CPG) member with the American Institute of Professional Geologists (AIPG).The effective date of the estimate is June 29, 2026.Inferred Mineral Resources have been estimated from geological evidence and drill core sampling and have a lower level of confidence than Measured and Indicated Mineral Resources due distance between sampled drill holes. Mineral resources are not mineral reserves and do not have demonstrated economic viability.Constrained and diluted Mineral resources for Copalquin Target 1 are based on underlying metal prices of $3,300/oz Au and $50/oz Ag, unless otherwise noted.AuEq g/t = Au g/t + (Ag g/t x (Au price/Ag price) x (Ag recovery/Au recovery)), and is calculated using the underlying metals prices, along with metallurgical recoveries of 96% Au and 91% Ag from metallurgical test work on Target 1 composite samples.2Underground Resource estimates are based on economically constrained mining shapes generated using Datamine's Mineable Shape Optimizer (MSO) algorithm and the following optimization parameters:Diluted to a minimum 2 m shape width with a 92% mining recovery.Metallurgical recoveries of 96% for Au and 91% for Ag, from metallurgical test work on Target 1 composite samples 1 Longhole Open Stope mining with a total Mining+Processing+General and Administration (G&A) cost of $97.00 per tonne of material processed. Mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.Resource Update Details

The Copalquin Target 1 resource model was prepared under the supervision of Sims Resources LLC (Independent QP) in accordance with the CIM Definition Standards (2014) and Estimation of Mineral Resource and Mineral Reserve Best Practice guidelines (2019), which are materially identical to the JORC Code (2012).

The estimate incorporates results from 204 diamond drill holes totaling approximately 60,568 metres, including 127 drill holes totalling approximately 42,861 metres completed since the previous resource estimate. The recent drilling was primarily focused on:

Increasing drill density within the core of the deposit to improve resource confidence;Extending known mineralised shoots along strike and down plunge;Testing interpreted extensions of high-grade structures; andImproving the geological model through enhanced structural understanding and dyke mapping.The resource estimate has been prepared as a major de-risking milestone to serve as a valuable stepping stone towards future development of a mineable resource supported by an economic study. Application of the mine stope optimization process to constrain the block model by mining shapes has achieved several goals including the evaluation of realistic minimum mining widths on the deposit, evaluation of the continuity of the mineralisation along potential underground development levels and has provided understanding of a potential extractable grade that incorporates the mineralised dilution envelope surrounding the high grade core of the deposit.

An evaluation of gold price sensitivity on the mining shape constraints, on a diluted basis indicates a narrow band of output scenarios across a wide range of metal prices (Table 3). Evaluating the sensitivity scenarios on an undiluted basis (Table 1) reveals the high-grade core of the deposit that is driving the mining shapes.

With 95% of the undiluted and high grade core of the block model being captured by the mining shape constraints, there is opportunity to drill the remaining 5% of the block model to refine mineralisation boundaries for potential inclusion to future constrained mineral resource estimates.

Table 3 Gold price sensitivity to constraining shapes, reported using all contained blocks (diluted)

Au PriceClassificationTonnesGoldSilverGold Eq.GoldSilverGold Eq.(USD)
(kt)(g/t)(g/t)(g/t)(koz)(koz)(koz)2,700Ind2,9393.5285.94.753338,114449Inf1,1872.5383.43.72973,1831423,000Ind3,1303.3582.34.533388,283456Inf1,2912.3979.13.52993,2851463,300*Ind3,3913.1577.84.263438,479464Inf1,4362.2373.63.281033,3981513,500Ind3,7182.9272.93.963498,711474Inf1,5882.0768.53.051063,4981564,000Ind4,1492.6767.23.633568,965484Inf1,8151.8862.42.771103,640162Notes to Table 3:

MSO shapes were based on long hole stope configuration with a 2.5 m minimum width, and a USD $97/t operating cost comprised of $60/t incremental mining, $25/t processing, $10/t G&A, and $2/t sustaining. Blocks were evaluated using AuEq value, using variable gold prices according to the sensitivity scenario.The scenarios as presented are not considered statement of mineral resources or reserves, and do not have demonstrated economic viability.Geological Description of Copalquin Target 1

The Copalquin project is targeting low sulfidation epithermal silver-gold mineralisation hosted in volcanic and subvolcanic rocks of Mexico's Sierra Madre Occidental. Mapping and diamond drilling activities have identified widespread quartz veining and stockworks surrounded by haloes of argillic (illite/smectite) alteration. Veins have formed as both low-angle semi-continuous lenses parallel to the contact between granodiorite and andesite and as tabular veins in high-angle normal faults with prominent east-west, and northwest-southeast orientations. Vein and breccia thickness has been observed locally up to 30 metres wide with average widths on the order of 0.5 to 4 metres. Semi-continuous mineralisation has been intersected by drilling along a northeast trending zone from El Gallo to Refugio, Cometa, Los Pinos, Los Reyes, La Montura to Constancia and Santa Cruz, totalling almost 7 kilometres in length. A sub-parallel trend in the southern area from southwest of Apomal (Target 5) to San Manuel and to Las Brujas-El Peru provides additional exploration potential up to 6km.

Drilling at the Target 1 area has been centred on the El Refugio and La Soledad areas. Channel sampling of two small historical mine workings in these areas confirmed high grade gold and silver mineralisation was contained in pillars and mine walls. Drilling activities initiated by Mithril in 2020 confirmed broad mineralisation in these zones.

A geological model for the Target 1 area, including mineralised veins, alteration haloes, non-mineralised host rock, and post-mineral dikes, was developed in Leapfrog Geo using interval selections completed on all core drillholes available. Interval selections consider qualitative logging data, gold and silver assays, and multi-element geochemistry. Surface and underground mapping, trench sampling, and soil samples were also used to validate the interpretation but were not used in estimation. High-grade mineralised domains were modelled using a 1 g/t AuEq cutoff and were restricted to modelled vein solids derived from the lithology model. A variable orientation search strategy was applied to accurately reflect undulations in modelled veins, with search orientations driven by the nearest vein midpoint surface. Post mineral dikes cut and displace mineralised veins in several areas, disrupting vein continuity and gold-silver mineralisation. These post-mineral dikes were assigned a grade of 0.0 g/t for both gold and silver to avoid over-estimation of mineralised material. An average bulk density of 2.56 t/m3 (+/- 0.014) has been applied to the mineralised volumes based on 247 measurements in quartz breccia collected by Mithril geologists.

Block Model Estimation Methodology

Geologic and estimation domains were constructed using Leapfrog Geo v.2026.1.1, including input from geochemical analyses completed in ioGAS v.8.3. Geostatistical evaluations and Exploratory Data Analysis ("EDA"), including topcut selection, declustering, and variography were completed using Snowden Supervisor v.9.2. Resource estimation was prepared using Leapfrog EDGE v.2026.1.1.

A single, non-rotated 2.5x2.5x2.5m block model was prepared for this resource estimate and for use in underground Mineable Shape Optimization. Gold and silver grades from diamond drill core samples were interpolated into the block model using inverse distance cubed ("ID3") estimation techniques. Search ellipse orientation and radii were selected based on variogram models for mineralised estimation domains, with variable search orientation applied according to the nearest vein midpoint surface in the Target 1 mineralised quartz vein and breccia model. Blocks were classified under the categories of "Indicated" and "Inferred" mineral resources, in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Standards for Mineral Resources and Mineral Reserves, Definitions and Guidelines, May 2014 (the "CIM Definition Standards"), which are materially identical to those used in the JORC Code (2012). The "Measured" resource category was not used in this estimate because no modern mining has been undertaken at the Project and it is therefore not possible to reconcile the estimate against production or tightly spaced data such as grade control drilling.

Mineral resources ("Mineral Resources") were reported below the most recent light detection and ranging ("LiDAR") topographic surface and are contained within economically constrained stope shapes generated using Datamine's Mineable Shape Optimizer ("MSO"). Historical mine workings were assigned a density of 0.0 g/cm3 to ensure exclusion of mined blocks from the Mineral Resource Estimate.

Figure 1: Series of plan view maps of the Mineral Resource Estimate showing: a) AuEq grade (g/t), b) block classification, and c) mining shapes used to constrain the block model

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11657/303420_f43a72d644e83990_001full.jpg

Figure 2: Cross- section view of El Refugio, looking east, showing the mineralised block model and the mining shape constraints used in the Mineral Resource Estimate

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11657/303420_f43a72d644e83990_002full.jpg

Figure 3: Cross- section view of La Soledad, looking northwest, showing the mineralised block model and the mining shape constraints used in the Mineral Resource Estimate

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11657/303420_f43a72d644e83990_003full.jpg

Advancing the Copalquin District

Target 1 represents only one of numerous mineralised targets identified within the broader Copalquin District. The Company continues to advance exploration activities across the district, including ongoing drilling at Targets 3 and 5 (Figure 5), where recent results have demonstrated the potential for additional high-grade silver and gold discoveries.

With the updated Target 1 resource now completed, Mithril intends to continue advancing engineering, metallurgical and development studies while pursuing resource growth opportunities across the district.

Two drills are currently active: one following up at Target 5 area and one testing the priority structural targets, with Target 1 westerly step out drilling to follow. Fully funded for further 12,000 metres of drilling for the remainder of 2026 aiming to progress Target 5 to an initial resource, expand Target 1 and progress the district geology model.

Figure 4: Mithril's Copalquin and La Dura property locations in Durango State, Mexico

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11657/303420_303420mithrilfigurefour.jpg

Figure 5: LiDAR identified historic workings across the 70km2 district. Current drilling locations at Target 1, Target 3 and Target 5 with ongoing mapping and sampling plus recently completed aerial magnetic survey (report pending)

To view an enhanced version of this graphic, please visit:
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ABOUT THE COPALQUIN SILVER GOLD PROJECT

The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70km2 containing several dozen historic silver and gold mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many gold and silver districts.

Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for gold and silver mineralisation.

Within 15 months of drilling in the Copalquin District, Mithril delivered a maiden JORC mineral resource estimate (the "2021 MRE", see ASX release 17 November 2021)) at the first of several target areas (Target 1), demonstrating the high-grade gold and silver resource potential for the district. The Upgraded Target 1 Mineral Resource Estimate (effective date June 29, 2026) presented in this release has completely revised and supersedes the 2021 MRE which may no longer be relied upon.

Mithril continues to advance exploration work on the Copalquin project with two active drill rigs, and field programs that are continuously expanding the mapping coverage from approximately 23 square kilometres completed to date of the 70 square kilometres of surfaces area within the concession.

A mining study (conceptual) and metallurgical test work supports the development of the El Refugio-La Soledad resource with conventional underground mining methods indicated as being appropriate and with high silver-gold recovery to produce metal on-site with conventional processing. The average vein width is approximately 4.0 metres.

Mithril is currently exploring in the Copalquin District to expand the resource footprint, to demonstrate its multi-million-ounce gold and silver potential. Mithril has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying US$10M on or any time before 7 August 2028.

-ENDS-

Released with the authority of the Board.

For further information contact:

The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

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

Competent Persons Statement (JORC), and Qualified Persons (NI 43-101) Statement

The information in this announcement that relates to metallurgical test results, mineral processing and project development and study work has been compiled, reviewed and approved by Mr John Skeet who is Mithril's CEO and Managing Director. Mr Skeet is a Fellow of the Australasian Institute of Mining and Metallurgy. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code and Acceptable Foreign Association under NI 43-101.

Mr Skeet has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person (non-independent) as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person (non-independent) as defined by NI 43-101. Mr Skeet consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

The information in this announcement that relates to sampling techniques, sample data, exploration results and geological interpretation for Mithril's Mexican project, has been compiled, reviewed and approved by Mr James Barr who is Mithril's Vice President - Exploration. Mr Barr is a registered member and Professional Geologist (P.Geo.) of the Engineers and Geoscientists of British Columbia. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code and recognized Canadian Professional Association under NI 43-101.

Mr Barr has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person (non-independent) as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person (non-independent) as defined by NI 43-101. Mr Barr consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources has been compiled, reviewed and approved by Mr John Sims, a Certified Registered Geologist (CPG) with the American Institute of Professional Geologists (AIPG). This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code and Acceptable Foreign Association under NI 43-101.

Mr Sims is acting as the Competent Person (independent), as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and as the Qualified Person (independent) as defined by NI 43-101, for the reporting of the Upgraded Copalquin Target 1 Mineral Resource Estimate, with effective date of June 29, 2026. A site visit was carried out by Mr Sims, between 5 May 2025 and 7 May 2025 to observe the drilling, logging, sampling and assay database. Mr Sims has reviewed and approved the contents of this report, and consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

The relevant sections of "JORC Code, 2012 Edition - Table 1" as defined by the Joint Ore Reserves Committee (JORC) Code are incorporated into this Public Report.

A NI 43-101 Technical Report entitled "Technical Report and Upgraded Mineral Resource Estimate for the Copalquin Target 1 Area, Durango, Mexico" will be filed on SEDAR+ within 45 days of this news release.

Sample Analytical Procedures and Quality Assurance/Quality Control:

Drill core logging, sample collection, chain of custody, preparation and assaying of drilling samples from the Copalquin project are done with strict adherence to a Quality Assurance/Quality Control (QA/QC) protocol.

All drill core is logged and sampled by Mithril geologists. Samples lengths are selected to respect important geological contacts, to a minimum length of 0.50m. Drill core is cut longitudinally in half along an oriented drill core line. One half of the core is retained for company record, and the opposing half is sent for laboratory analysis.

All samples are delivered to ALS Minerals for preparation in Chihuahua City, Chihuahua, Mexico for preparation, then internally delivered to ALS Minerals located in North Vancouver, British Columbia, Canada, for analysis and reporting.

Samples are prepared using ALS Minerals Prep-31 crushing (70% passing 2mm), splitting and pulverizing (85% passing 75um, 250g). All samples are submitted for 34 element trace ICP-AES analysis using a four-acid digestion (ME-ICP61), and for 30g gold fire assay with atomic adsorption analysis (Au-AA23). Samples exceeding silver grades of 100 ppm are sent for ore grade analysis (Ag-OG62), and samples with silver grades exceeding 1,500 ppm are sent for fire assay and gravimetric determination (Ag-GRA21). Samples with gold grades exceeding 10 ppm are send for fire assay and gravimetric determination (Au-GRA21). Samples with copper, lead or zinc grades exceeding 10,000 ppm are sent for overlimit analysis using four acid digestion and ICP-AES detection (OG61).

Standards and blanks are inserted at a rate of one per every 25 samples and one per every 40 samples, respectively. Laboratory pulp duplicates are selected by Mithril geologists and requested with each batch of samples.

Analytical certificates are imported directly to the Company's database and reviewed for quality assurance by independent and internal company geologists prior to approved.

JORC Code, 2012 Edition - Table 1

Section 1 Sampling Techniques and Data

CriteriaJORC Code explanationCommentarySampling techniquesNature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralisation that are Material to the Public Report.In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.Drill core samples are cut lengthwise with a diamond saw. Intervals are nominally 1 m but may vary between 0.5 m to 1.5 m based on geologic criteria.The same side of the core is always sent to sample (left side of saw).Reported intercepts are calculated as either potentially underground mineable (>100m down hole) or as potentially open-pit mineable (near surface).Potentially underground mineable intercepts are calculated as length weighted averages of material greater than or equal to 1 g/t AuEQ_70 allowing up to 2m of internal dilution.Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than or equal to 0.25 g/t AuEQ_70 allowing for up to 2m of internal dilution.Rock Sawn Channel samples underground and surface are collected with the assistance of a handheld portable saw. The channels are 2.5 to 3cm deep and 6-8 cm wide along continuous lines oriented perpendicular to the mineralised structure. The samples are as representative as possible Rock Sawn Channel surface samples were surveyed with a Handheld GPS then permanently mark with an aluminium tag and red colour spray across the strike of the outcrop over 1 metre. Samples are as representative as possibleRock Sawn Channel underground samples were located after a compass and tape with the mine working having a surveyed control point at the portal, then permanently marked with an aluminium tag and red colour spray oriented perpendicular to the mineralised structure. Samples are as representative as possibleSoil sampling has been carried out by locating pre-planned points by handheld GPS and digging to below the first colour-change in the soil (or a maximum of 50 cm). In the arid environment there is a 1 - 10 cm organic horizon and a 10 - 30 cm B horizon above the regolith. Samples are sieved to -80 mesh in the field. Samples are collected on a 20 m x 50 m grid or every 20 m on N-S lines 50 m apart. These samples are considered representative of the medium being sampled and lines are appropriately oriented to the nearly E-W structural trend.Drilling techniquesDrill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).Drilling is done with MP500 man-portable core rigs capable of drilling HQ size core to depths of 350-400m (depending on ground conditions), reducing to NQ size core for greater depths. Core is recovered in a standard tube.Drill sample recoveryMethod of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.Drill recovery is measured based on measured length of core divided by length of drill run.Recovery in holes CDH-001 through CDH-025 and holes CDH-032 through CDH-077 was always above 90% in the mineralised zones. Detailed core recovery data are maintained in the project database.Holes CDH-026 through CDH-031 had problems with core recovery in highly fractured, clay rich breccia zones.There is no adverse relationship between recovery and grade identified to date.LoggingWhether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.The total length and percentage of the relevant intersections logged.Entire drill holes are logged and sampled by Mithril geologists at the project camp. Logging includes the collection of qualitative data such as host lithology, alteration, mineralogy, and the collection of quantitative data such as oriented structural data, core recovery, and rock quality designation (RQD). Rock properties are measured using magnetic susceptibility, and NIR/SWIR reflectance.Data is collected into a centralized database using MX Deposit.Drill core is photographed as wet and dry, before sampling and after the core is sampled, and photos are saved in the company database. Rock sawn channel samples are marked, measured and photographed at locationSoil samples are recorded at location, logged and describedSub-sampling techniques and sample preparationIf core, whether cut or sawn and whether quarter, half or all core taken.If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.For all sample types, the nature, quality and appropriateness of the sample preparation technique.Quality control procedures adopted for all sub-sampling stages to maximise representativity of samples.Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.Whether sample sizes are appropriate to the grain size of the material being sampled.Drill core samples are selected by Mithril's geologists.Drill core is cut longitudinally in half along an oriented drill core line. One half of the core is retained for company record, and the opposing half is sent for laboratory analysis. Samples lengths are selected to respect important geological contacts, to a minimum length of 0.50m.Samples are prepared using ALS Minerals Prep-31 crushing (70% passing 2mm), splitting and pulverizing (85% passing 75um, 250g). Visual review to assure that the cut core is ½ of the core is performed to assure representativity of samples.Crushed core duplicates are split/collected by the laboratory and submitted for assay (1 in 30 samples)Sample sizes are appropriate to the grain size of the material being sampled.Rock sawn channel samples and soil samples are prepared using ALS Minerals Prep-31 crushing, splitting and pulverizing. This is appropriate for the type of deposit being explored.Quality of assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.All samples are submitted for 34 element trace ICP-AES analysis using a four-acid digestion (ME-ICP61), and for 30g gold fire assay with atomic adsorption analysis (Au-AA23). Samples exceeding silver grades of 100 ppm are sent for ore grade analysis (Ag-OG62), and samples with silver grades exceeding 1,500 ppm are sent for fire assay and gravimetric determination (Ag-GRA21). Samples with gold grades exceeding 10 ppm are send for fire assay and gravimetric determination (Au-GRA21). Samples with copper, lead or zinc grades exceeding 10,000 ppm are sent for overlimit analysis using four acid digestion and ICP-AES detection (OG61).Standards and blanks are inserted at a rate of one per every 25 samples and one per every 40 samples, respectively. Pulp duplicate sampling is undertaken for 3% of all samples (see above). External laboratory checks will be conducted as sufficient samples are collected. Levels of accuracy (i.e. lack of bias) and precision have not yet been established.Certified Reference Materials - Rock Labs and CDN CRMs have been used throughout the project including, low (~2 g/t Au), medium (~9 g/t Au) and high (~18g/t Au and ~40 g/t Au). Results are automatically checked on data import into the BEDROCK database to fall within 2 standard deviations of the expected value. Samples with significant amounts of observed visible gold are also assayed by AuSCR21, a screen assay that analyses gold in both the milled pulp and in the residual oversize from pulverization. This has been done for holes CDH-075 and CDH-077.Samples are selected in each batch by Mithril geologists for laboratory coarse reject duplicates.Verification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.The verification of significant intersections by either independent or alternative company personnel has not been conducted. A re-assay programme of pulp duplicates is currently in progress.MTH has drilled one twin hole. Hole CDH-072, reported in the 15/6/2021 announcement, is a twin of holes EC-002 and UC-03. Results are comparable.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols are maintained in the company's core facility.Assay data have not been adjusted other than applying length weighted averages to reported intercepts.Location of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.Drill collar coordinates are currently located by handheld GPS. Precise survey of hole locations is planned. Downhole surveys of hole deviation are recorded using a Reflex Multishot tool for all holes. A survey measurement is first collected at 15 meters downhole, and then every 50 meters until the end of the hole. Locations for holes have been surveyed with differential GPS to a sub 10 cm precision. UTM/UPS WGS 84 zone 13 NHigh quality topographic control from LiDAR imagery and orthophotos covers the entire project area.Data spacing and distributionData spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.Data spacing is appropriate for the reporting of Exploration Results.Inferred Mineral Resources are defined within a 70 metre sampling distance, where Indicated Mineral Resources are defined within a 35 metre sample spacing distance.Samples are composited to 1 metre for exploratory data analysis and mineral resource estimation.Orientation of data in relation to geological structureWhether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.Cut lines are marked on the core by the geologists to assure that the orientation of sampling achieves unbiased sampling of possible structures. This is reasonably well observed in the core and is appropriate to the deposit type.The relationship between the drilling orientation and the orientation of key mineralised structures is not considered to have introduced a sampling bias.Rock sawn channel samples are cut perpendicular to the observed vein orientation wherever possibleSample securityThe measures taken to ensure sample security.Samples are stored in a secure core storage facility until they are shipped off site by small aircraft and delivered directly to ALS Global sample preparation facility in Chihuahua, Mexico. ALS airfreights the sample pulps to their assaying facility in North Vancouver, BC, Canada.All samples are subject to a traceable chain of custody procedure which tracks and enables verification of sampling handling between the project camp and the laboratoryAudits or reviewsThe results of any audits or reviews of sampling techniques and data.A review with spot checks was conducted by AMC in conjunction with the resource estimate published 17 Nov 2021. Results were satisfactory to AMC.In conjunction with the Upgraded Mineral Resource Estimate (June 29, 2026), Mr John Sims, , of Sims Resources LLC, conducted a site visit between May 5-7, 2025, at which time he observed drilling, core logging and sample collection activities, including a review of the geological database.Section 2 Reporting of Exploration Results

CriteriaJORC Code explanationCommentaryMineral tenement and land tenure statusType, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.Concessions at Copalquin No. Concession Concession Title numberArea (Ha) Location   1 LA SOLEDAD520336Tamazula, Durango, Mexico  2 EL COMETA16486936Tamazula, Durango, Mexico  3 SAN MANUEL16545136Tamazula, Durango, Mexico  4 COPALQUIN17801420Tamazula, Durango, Mexico  5 EL SOL2361306,000Tamazula, Durango and Badiraguato, Sinaloa, México  6 EL CORRAL236131907.3243Tamazula, Durango and Badiraguato, Sinaloa, México  Exploration done by other partiesAcknowledgment and appraisal of exploration by other parties.Previous exploration by Bell Coast Capital Corp. and UC Resources was done in the late 1990's and in 2005 - 2007. Work done by these companies is historic and non-JORC compliant. Mithril uses these historic data only as a general guide and will not incorporate work done by these companies in resource modelling.Work done by the Mexican government and by IMMSA and will be used for modelling of historic mine workings which are now inaccessible (void model) GeologyDeposit type, geological setting and style of mineralisation.Copalquin is a low sulfidation epithermal silver-gold deposit hosted in andesite. This deposit type is common in the Sierra Madre Occidental of Mexico and is characterized by quartz veins and stockworks surrounded by haloes of argillic (illite/smectite) alteration. Veins have formed as both low-angle semi-continuous lenses parallel to the contact between granodiorite and andesite and as tabular veins in high-angle normal faults. Vein and breccia thickness has been observed up to 30 meters wide with average widths on the order of 3 to 5 meters. The overall strike length of the semi-continuous mineralised zone from El Gallo to Refugio, Cometa, Los Pinos, Los Reyes, La Montura to Constancia and Santa Cruz is almost 7 kilometres. The southern area from south west of Apomal to San Manuel and to Las Brujas-El Peru provides additional exploration potential up to 6km.Drill hole InformationA summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar
• elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.Exploration Results are not included in the present disclosure.Drill hole information has been provided in previous News Release documents.Data aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent values should be clearly stated.Potentially underground mineable intercepts are calculated as length weighted averages of material greater than or equal to 1 g/t AuEQ_70 allowing up to 2m of internal dilution.Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than or equal to 0.25 g/t AuEQ_70 allowing for up to 2m of internal dilution.No upper cut-off is applied to reporting intercepts.Length weighted averaging is used to report intercepts. The example of CDH-002 is shown. The line of zero assays is a standard which was removed from reporting. Au
Rawsilver
rawLength
(m)Au
*lengthsilver
*length      7.516780.53.755339      11.854250.556.5175233.75      00000      0.3061610.30616      0.36431.710.36431.7      3.152410.51.575120.5      10.77090.55.35354.5      15.67730.57.8386.5           FromToLengthAu
g/tsilver
g/t   4.5525.6671481.991.9596.54.555.64325.7
Constrained and diluted Mineral resources for Copalquin Target 1 are based on underlying metal prices of $3,300/oz Au and $50/oz Ag, unless otherwise noted.AuEq g/t = Au g/t + (Ag g/t x (Au price/Ag price) x (Ag recovery/Au recovery)) calculated using the underlying metals prices, along with metallurgical recoveries of 96% Au and 91% Ag from metallurgical test work on Target 1 composite samples. (ASX Announcement 25 February 2022).Relationship between mineralisation widths and intercept lengthsThese relationships are particularly important in the reporting of Exploration Results.If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. 'down hole length, true width not known').True widths at Refugio between sections 120 and 1,000 vary according to the hole's dip. Holes drilled at -50 degrees may be considered to have intercept lengths equal to true-widths, Holes drilled at -70 degrees had true widths approximately 92% of the reported intercept lengths and holes drilled at -90 degrees had true widths of 77% of the reported intercept lengths. True widths at La Soledad are not fully understood and downhole intercepts to date, are reported.At Las Brujas in Target 2, true widths are not yet known since we are still in the early stages of target definition.Rock sawn channel samples are cut perpendicular to the observed vein orientation wherever possibleDiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.See figures in announcementBalanced reportingWhere comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.All exploration results are reported for intercepts greater than or equal to 0.1 g/t gold equivalent (gold plus silver at 70:1 price ratio for gold:silver).Other substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.No additional exploration data are substantive at this time.Metallurgical test work on drill core composite made of crushed drill core from the Target 1 drill hole samples has been conducted.The samples used for the test work are representative of the material that makes up the majority of the Target 1 Mineral Resource EstimateThe test work was conducted by SGS laboratory Mexico using standard reagents and test equipment.Samples have been selected from drill core produced for Target 1 over the past 2 years. Test work to confirm the previous results will be conducted as well as variability work.Further workThe nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.The Company drilled 148 diamond core holes from July 2020 to July 2022 for 32,712 m. The Company has stated its target to drill up to 45,000m from July 2025 until the second half of 2026 which has been completed.The Company has stated it has 12,000 metres of drilling to complete in the second half of 2026.Diagrams are included in the announcements and presentations showing the drill target areas within the Copalquin DistrictSection 3 Estimation and Reporting of Mineral Resources

CriteriaJORC Code explanationCommentaryDatabase integrityMeasures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial collection and its use for Mineral Resource estimation purposes.Data validation procedures used.Drillhole data used in the Mineral Resource Estimate were checked for overlapping sample intervals, negative or invalid values, and irregular downhole survey deviation in Leapfrog Geo v.2026.1.1. All errors were assessed and corrected prior to statistical analysis and estimation.Standards and blanks are inserted at a rate of one per every 25 samples and one per every 40 samples, respectively. Pulp duplicate sampling is undertaken for 3% of all samples (see above). External laboratory checks will be conducted as sufficient samples are collected. Levels of accuracy (i.e. lack of bias) and precision have not yet been established.Certified Reference Materials - Rock Labs and CDN CRMs have been used throughout the project including, low (~2 g/t Au), medium (~9 g/t Au) and high (~18g/t Au and ~40 g/t Au). Results are automatically checked on data import into the BEDROCK database to fall within 2 standard deviations of the expected value. Samples with significant amounts of observed visible gold are also assayed by AuSCR21, a screen assay that analyses gold in both the milled pulp and in the residual oversize from pulverization. This has been done for holes CDH-075 and CDH-077.Regular comparison between assay data tables and original certificates is completed as assay data are received to ensure consistency between the database and certificates. Drillhole collars were checked in 3D to ensure agreement between the LiDAR topography surface and surveyed collar elevation. Assays below detection limit were assigned a value equal to half of the detection limit, and unsampled intervals, aside from voids encountered in historical underground workings, were assigned a grade of 0.0001 g/t for both gold and silver prior to estimation. Site visitsComment on any site visits undertaken by the Competent Person and the outcome of those visits.If no site visits have been undertaken indicate why this is the case.In conjunction with the Upgraded Mineral Resource Estimate (June 29, 2026), Mr John Sims, of Sims Resources LLC, conducted a site visit between May 5-7, 2025, at which time he observed drilling, core logging and sample collection activities, including a review of the geological database.Geological interpretationConfidence in (or conversely, the uncertainty of ) the geological interpretation of the mineral deposit.Nature of the data used and of any assumptions made.The effect, if any, of alternative interpretations on Mineral Resource estimation.The use of geology in guiding and controlling Mineral Resource estimation.The factors affecting continuity both of grade and geology.Lithology solids, including mineralised veins, non-mineralised host rock, and post-mineral dikes, were modelled in Leapfrog Geo using interval selections completed on all core drillholes available. Interval selections consider qualitative logging data, gold and silver assays, and multi-element geochemistry. Surface and underground mapping, trench sampling, and soil samples were also used to validate the interpretation but were not used in estimation. High-grade mineralised domains were modelled using a 1 g/t AuEq cutoff and were restricted to modelled vein solids derived from the lithology model.A variable orientation search strategy was applied to accurately reflect undulations in modelled veins, with search orientations driven by the nearest vein midpoint surface. Post mineral dikes cut and displace mineralised veins in several areas, disrupting vein continuity and gold-silver mineralisation. These post-mineral dikes were assigned a grade of 0.0 g/t for both gold and silver to avoid over-estimation of mineralised material. DimensionsThe extent and variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource.The Mineral Resource is hosted within two principal vein corridors - (1) The moderately north-northwest dipping Refugio system, which has an approximate strike x dip extent (from surface) x thickness of 1,200m x 700m x 1-20m and (2) The steeply NNE-dipping Soledad system, which has an approximate strike x dip extent x thickness of 400m x 300m x 1-15m.Estimation and modelling techniquesThe nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade values, domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used.The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data.The assumptions made regarding recovery of by-products.Estimation of deleterious elements or other non-grade variables of economic significance (eg sulphur for acid mine drainage characterisation).In the case of block model interpolation, the block size in relation to the average sample spacing and the search employed.Any assumptions behind modelling of selective mining units.Any assumptions about correlation between variables.Description of how the geological interpretation was used to control the resource estimates.Discussion of basis for using or not using grade cutting or capping.The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available.A single, non-rotated 2.5x2.5x2.5m sub-blocked model was prepared for this Resource Estimate. Up to four divisions of the parent block were accepted to accurately fill veins of variable thickness (minimum sub-block size = 0.625x0.625x0.625m).1.0m composites were generated to reduce variability and ensure consistent support for Resource Estimation, consistent with the median sample length in the drillhole database. Composites do not cross domain boundaries.Gold and silver grades were interpolated into the block model using inverse distance cubed (ID3), Nearest Neighbour (NN), and Ordinary Kriging (OK) estimation techniques. The final selected interpolation method is ID3 for both gold and silver. Statistical comparisons show a variance of less than 5% in gold and silver grades between the three methods in most estimation domains. Extreme outliers for both gold and silver were evaluated for each estimation domain spatially and using log-histograms, log-probability plots, disintegration analysis, and cumulative metal plots. High-grade restrictions were applied on a domain-by-domain basis, with outlier values capped and restricted to a distance of 1/3 of the first search pass. Hard boundaries were applied for all estimation domains, based on contact plots generated for both gold and silver for all contacting domains. A three-pass search strategy was applied using the following criteria for each pass - (1) 60x60x10m / 7-12 samples / maximum 3 samples per drillhole; (2) 90x90x15m /4-12 samples / maximum 3 samples per drillhole; (3) 120x120x20m /1-9 samples / maximum 3 samples per drillhole. Variable search orientations were applied for all estimation domains, with search orientations controlled by the nearest available vein midpoint surface.The final ID3 estimates for gold and silver were validated using statistical comparison (ID3 vs. NN vs. OK), visual validation on cross sections and plan levels, and Swath plots.Deleterious elements were not estimated in this Mineral Resource estimate.MoistureWhether the tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the moisture content.All tonnages are estimated on dry basis.Cut-off parametersThe basis of the adopted cut-off grade(s) or quality parameters applied.Mineral Resources are reported from within economically constrained Longhole Open Stopes (LHOS) mining shapes generated using Datamine's Mineable Shape Optimizer (MSO). An operating cost of USD$97 tonnes processed was applied. An AuEq grade was basis used to determine block value based on (1) a gold price of US$3,300/oz; (2) a silver price of US$50/oz; (3) gold recovery of 96%; (4) silver recovery of 91%, based on preliminary studies. Mining factors or assumptionsAssumptions made regarding possible mining methods, minimum mining dimensions and internal (or, if applicable, external) mining dilution. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential mining methods, but the assumptions made regarding mining methods and parameters when estimating Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the mining assumptions made.Reported gold and silver grades in the Mineral Resource are stope-constrained and include internal dilution. No external dilution was applied.Historical workings were flagged to the block model and were assigned a density of 0.0 g/cm3 to exclude mined out material from the stated Mineral Resources.LHOS parameters applied in stope optimization include the following - (1) sublevel spacing = 20m; (2) stope slice interval = 5m; (3) minimum mining width = 2m; (4) minimum stope dip = 45 degrees; (5) minimum pillar between adjacent stopes = 0.01m; (6) Indicated and Inferred assurance categories only.Metallurgical factors or assumptionsThe basis for assumptions or predictions regarding metallurgical amenability. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the assumptions regarding metallurgical treatment processes and parameters made when reporting Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the metallurgical assumptions made.Metallurgical recoveries of 96% Au and 91% Ag were determined from metallurgical test work on Target 1 composite samples. (ASX Announcement 25 February 2022). The process route for extraction is flotation, intensive cyanide leaching of flotation concentrate and conventional cyanide leaching of the flotation tail. Merrill-Crowe zinc precipitation assumed to recover gold and silver from solutions prior to smelting to produce gold-silver doré bars.Environmental factors or assumptionsAssumptions made regarding possible waste and process residue disposal options. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider the potential environmental impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions made.The Copalquin project is presently regulated under the Mexican NOM-120 authorisation as a low impact exploration project. As an exploration project, preliminary studies and engagement with SEMARNAT has been initiated, however, an MIA process has not been completed which would include full environmental, permitting, and sociopolitical assessment. The potential future project is not considered to have potential for elevated environment impacts for a modern mining operation. Bulk densityWhether assumed or determined. If assumed, the basis for the assumptions. If determined, the method used, whether wet or dry, the frequency of the measurements, the nature, size and representativeness of the samples.The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and alteration zones within the deposit.Discuss assumptions for bulk density estimates used in the evaluation process of the different materials.Bulk density has been measured using wax coated samples using dry mass and displacement methods.A total of 1090 samples have been measured across various lithology types. The quartz breccia, which hosts the bulk of mineralisation, has 247 measurements with an average bulk density value of 2.56 (+/- 0.014 margin of error).Density values assigned to the block model were derived from the median value reported in each estimation domain group (high-grade, vein, or waste), and range from 2.50 g/cm3 to 2.57 g/cm3. A density of 0.0 g/cm3 was applied to historical workings.ClassificationThe basis for the classification of the Mineral Resources into varying confidence categories.Whether appropriate account has been taken of all relevant factors (ie relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data).Whether the result appropriately reflects the Competent Person's view of the deposit.Mineral Resources were classified based on geological continuity and variography analysis of gold and silver in mineralised estimation domains.Indicated Mineral Resources were classified based on a drill spacing of 35m or less, and Inferred Resources were classified based on a drill spacing of 35-70m. The Measured category was not used in this estimate because no modern mining has been undertaken at the Project and it is therefore not possible to reconcile the estimate against production or tightly spaced data such as grade control drilling.The Competent Person believes that the classification appropriately reflects the continuity of gold and silver mineralisation in this deposit.Audits or reviewsThe results of any audits or reviews of Mineral Resource estimates.Modelled solids produced by the Company, including quartz veins, high-grade domains, and host lithologies, were reviewed in detail by the Competent Person prior to use in Mineral Resource Estimation. Discussion of relative accuracy/ confidenceWhere appropriate a statement of the relative accuracy and confidence level in the Mineral Resource estimate using an approach or procedure deemed appropriate by the Competent Person. For example, the application of statistical or geostatistical procedures to quantify the relative accuracy of the resource within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors that could affect the relative accuracy and confidence of the estimate.The statement should specify whether it relates to global or local estimates, and, if local, state the relevant tonnages, which should be relevant to technical and economic evaluation. Documentation should include assumptions made and the procedures used.These statements of relative accuracy and confidence of the estimate should be compared with production data, where available.Production data are not available for this deposit. As such, it was not possible to reconcile the estimate against production records or tightly spaced data such as grade control drilling. Statistical validation of the final Inverse Distance cubed (ID3) estimation for gold and silver was completed by comparing to Nearest Neighbour (NN) and Ordinary Kriging (OK) estimates for each individual domain used in the estimation. A variance of less than 5% is observed for most domains when comparing the three estimation methods.Accuracy of the estimate may be affected by a variety of factors, including uncertainty in the geological interpretation and uncertainty in the position and size of historical mine workings in cases where workings are unknown or inaccessible. Future geotechnical or geometallurgical studies, commodity price changes, and capital and operating cost estimates could also impact revenue and cost inputs used in the Resource Estimate. 1 See ASX announcement dated 25 February 2022, "Further Excellent Metallurgy Results - Copalquin District, Mexico"

2 See ASX announcement dated 25 February 2022, "Further Excellent Metallurgy Results - Copalquin District, Mexico"

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303420

Source: Mithril Silver and Gold Limited

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Qualcomm (QCOM) may not be buying Tenstorrent after all.Tenstorrent CEO Jim Keller reportedly said the AI chip startup has not been in acquisition talks with Qu

Early this year, the entire software sector was rocked by an event dubbed the SaaSpocalypse as investors grappled with the idea that large language models and agentic AI could undermine the software-as-a-service (SaaS) business model. 

HubSpot (HUBS 0.54%) and Salesforce (CRM 0.18%) both got hit hard in that sell-off, and they've kept sliding since. They are now down by 54% and 40%, respectively, year to date, even though artificial intelligence has been a catalyst for them, not a headwind.

The SaaSpocalypse threat doesn't carry much merit, and many of the stocks that sold off have partial recovered; the iShares Expanded Tech-Software Sector ETF, which was down by about 30% at one point year to date, is now down only 14%. Still, plenty of software stocks look compelling after the deep slump -- HubSpot and Salesforce among them. Here's what investors should consider if they want to choose between those two.

Image source: Getty Images.

Growth vs. profits HubSpot is the riskier pick of the two, but it's also growing revenue at a faster rate: 23% in the first quarter compared to Salesforce's 14% year-over-yer revenue growth in its most recently reported fiscal quarter.

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HubSpot is also gaining market share at a faster rate. It recently branded itself as the "agentic customer platform," while Salesforce cited agentic AI as "the biggest growth opportunity for our customers."

However, Salesforce has HubSpot beat when it comes to profitability. Salesforce recorded a 19% net profit margin in its fiscal 2027 first quarter, while HubSpot only logged a 3.7% net profit margin in calendar Q1.

HubSpot only recently started delivering consistent profits, so it could theoretically expand its margins in the future. Salesforce offers higher margins right now.

Agentforce is a major Salesforce catalyst Both companies are gaining market share in agentic AI, but Salesforce has more compelling numbers for its Agentforce segment. Agentforce lets companies build and deploy AI agents. Breeze AI does the same thing for HubSpot, but HubSpot includes those sales under its broader subscription revenue category rather than separating them out in a way that makes them clear for investors.

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In its fiscal 2027 Q1 presentation, Salesforce revealed that Agentforce's annual recurring revenue had reached $1.2 billion, a 205% year-over-year increase. The AI platform makes its offerings even stickier, since it's even more of a pain for customers to switch to a competing CRM provider after they've set up their AI agents and customer relationship management tools on one platform.

That $1.2 billion in annual recurring revenue comes to $100 million per month, or $300 million per quarter. Salesforce earned $11.1 billion in total in its fiscal 2027 first quarter, which ended April 30, so it may take a while before Agentforce's expansion moves the needle in a meaningful way on the company's top line. However, it's operating in the background and gaining momentum while the rest of the business continues to expand its market share.

Investors don't know exact numbers for HubSpot's Breeze AI, but the company's overall revenue growth rate accelerated from 20% in Q4 2025 to 23% in Q1, so Breeze AI is definitely helping. Salesforce just has bigger baseline numbers, including $33.6 billion in current remaining performance obligations, up 14% year over year. It's also sitting on $67.9 billion in remaining performance obligations, which are set to be monetized over multiple years.

Salesforce has a better valuation Valuation isn't always the decisive factor in picking stocks, but it certainly should play a role when comparing them. Salesforce's 17.7 P/E ratio offers a more generous margin of safety than HubSpot's premium 95.1 P/E ratio. In order to bring its earnings ratio down to the more reasonable zone where Salesforce trades, HubSpot will have to meaningfully improve its margins. That could take a while.

HubSpot's higher revenue growth rate suggests that it is gaining ground at a faster rate than Salesforce. That certainly bolsters the case for investing in HubSpot, but its high valuation leaves the stock more exposed to further declines if its revenue growth decelerates.

The decision between these two software stocks may ultimately come down to your risk tolerance. Salesforce offers solid growth rates and a more reasonable valuation. However, HubSpot has the potential to grow at a faster rate and expand its margins in the future. HubSpot is riskier but has a higher potential upside, while Salesforce appears to be a promising value stock.

HomeStock IdeasLong IdeasConsumer Staples Analysis

SummaryCostco Wholesale Corporation remains egregiously overvalued, with a trailing P/E of 50x and slowing sales/EPS growth rates headed under 10% by 2027.COST’s PEG analysis with ratios around 4-6x signals high risk, especially if U.S. consumer spending weakens and/or a recession materializes.Fair value estimates suggest COST should trade as low as $450–$565, far below its current $952 quote, given its mature business growth profile.With free cash flow yields well below basic inflation and limited upside in shares, I suggest investors avoid new buys and consider selling existing positions. DNY59/iStock via Getty Images

I have written a number of bearish articles on Costco Wholesale Corporation (COST) in recent years, explaining how egregiously overpriced and overvalued the stock has become. And, true to form, COST has often transitioned to an even

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

All opinions expressed herein are not investment recommendations and are not meant to be relied upon in investment decisions. The author is not acting in an investment advisor capacity and is not a registered investment advisor. The author recommends investors consult a qualified investment advisor before making any trade. Any projections, market outlooks, or estimates herein are forward-looking statements based upon certain assumptions that should not be construed as indicative of actual events that will occur. This article is not an investment research report but an opinion written at a point in time. The author's opinions expressed herein address only a small cross-section of data related to an investment in securities mentioned. Any analysis presented is based on incomplete information and is limited in scope and accuracy. The information and data in this article are obtained from sources believed to be reliable, but their accuracy and completeness are not guaranteed. The author expressly disclaims all liability for errors and omissions in the service and for the use or interpretation by others of information contained herein. Any and all opinions, estimates, and conclusions are based on the author's best judgment at the time of publication and are subject to change without notice. The author undertakes no obligation to correct, update, or revise the information in this document or to otherwise provide any additional materials. Past performance is no guarantee of future returns.

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Micron Technology Inc. (NASDAQ:MU) stock traded flat in Tuesday’s premarket session as investors paused following the stock’s extended rally. The stock remains in a strong long-term uptrend.

Nasdaq futures were up less than 0.5%, while S&P 500 futures gained 0.09%.

AI Demand Keeps Micron In FocusMicron remained in focus as investors assessed the long-term outlook for AI memory demand, Chinese competition and valuation.

Chinese memory suppliers do not appear to pose an immediate threat to Micron, even as Apple Inc. (NASDAQ:AAPL) is reportedly seeking access to Chinese DRAM suppliers.

According to a CNBC report Tuesday, Chinese memory maker CXMT said in its IPO prospectus that its production capacity remains well below domestic demand, limiting its ability to supply Apple or materially reduce memory costs.

Instead, Micron’s growth story continues to center on high-bandwidth memory (HBM) used in NVIDIA Corp. (NASDAQ:NVDA) AI systems and the broader buildout of AI infrastructure.

The company has also benefited from stronger pricing, with gross margins recovering to more than 80% after posting losses on memory chips three years ago.

Analysts have also pointed to long-term supply agreements that could account for about half of Micron’s revenue by 2030 at pricing floors above previous cycle peaks.

Luria said that disconnect creates a significant valuation gap. He added that Micron could be worth roughly four times more if AI spending remains strong through the end of the decade.

He also noted that the stock trades at about eight to nine times earnings, well below the 40 to 50 times multiples assigned to many CPU-related companies, despite memory becoming increasingly important and facing less competitive pressure.

Micron Technical AnalysisMicron remains above all of its major moving averages, underscoring the strength of its longer-term trend. However, momentum has begun to cool.

The stock is trading about 9.8% above its 20-day simple moving average of $1,044.12 and roughly 166% above its 200-day moving average of $430.86. Such a wide gap can leave shares vulnerable to short-term pullbacks even if the broader trend remains intact.

The moving average convergence divergence (MACD) indicator has slipped below its signal line, while the histogram has turned negative. That suggests bullish momentum is fading, although the stock has not yet broken its overall uptrend.

The moving-average setup remains constructive, with the 20-day average above the 50-day average and the 50-day average above the 200-day average. Traders will likely watch whether Micron can hold support near the 20-day moving average or whether a deeper pullback develops.

The key upside level remains the 52-week high of $1,255. Support sits near the 20-day moving average at $1,044.12, while April’s swing low remains the next major reference point if selling pressure accelerates.

Micron Analyst OutlookThe stock carries a consensus Buy rating with an average price forecast of $1,542.05. Recent analyst actions include:

Cantor Fitzgerald raised its price forecast to $2,000 on June 29 while maintaining an Overweight rating. Cantor Fitzgerald maintained its Overweight rating and $1,500 price forecast on June 25. Barclays raised its price forecast to $2,000 on June 25 while reiterating an Overweight rating. Benzinga Edge RankingsMicron scores highly on Benzinga Edge’s Momentum, Quality and Growth metrics, reflecting its strong price trend and earnings outlook. However, its Value score remains weak, indicating the stock trades at a premium relative to many peers.

The combination suggests investors continue to favor Micron’s long-term growth story, though elevated valuations could make the shares more sensitive to any slowdown in earnings or demand.

ETF ExposureBecause of its sizable weighting in these funds, large ETF inflows or outflows can amplify buying or selling activity in Micron shares.

MU Stock Price Activity: Micron Technology shares were down 0.11% at $1144.00 during premarket trading on Tuesday, according to Benzinga Pro data.

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Micron (MU) remains a beneficiary of sustained AI-driven memory demand, though valuation is less compelling after a significant run-up. Current memory shortages are expected to persist, with hyperscalers and AI adoption driving robust demand and long-term contracts reducing near-term risk. MU trades at 12x–14x 2030 EPS estimates, with buybacks prioritized to return capital; cyclical risks and innovation-driven disruption remain key considerations.