India Approves 400 Tons of Silver Imports, Eases Supply Amid New Regulations and Logistics Challenges

[SMM Flash] The Democratic Republic of Congo (DRC) is becoming an increasingly important arena in the US-China competition for critical minerals, with the country holding significant resources of cobalt, copper, lithium, coltan, tantalum, tin, tungsten and other strategic commodities. China has built a strong position across the DRC's mining, processing and refining value chain, while the US is seeking to diversify supply through infrastructure investment, diplomacy and direct participation in mining assets. A key component of the US strategy is the Lobito Corridor, supported by a $553 million US Development Finance Corporation loan to rehabilitate about 1,300 km of railway linking the DRC to Angola's Atlantic port. The US-backed Orion Critical Mineral Consortium has also proposed acquiring a 40% stake in Glencore's Mutanda and Kamoto assets, with the transaction implying a combined enterprise value of about $9 billion and providing Orion rights to direct its share of production to nominated buyers. These moves could gradually diversify DRC mineral trade routes and customers, although China's established processing capacity and infrastructure footprint mean that a significant shift in the supply chain is unlikely to happen quickly.

[SMM Precious Metal Express] China, the UK and Japan all reduced their US Treasury holdings in June, with overseas holdings down $72.1 billion month-on-month to approximately $9.3 trillion, including a $26.4 billion reduction by Japan. The 30-year US Treasury yield rose to 5.31%, the highest in 19 years, approaching the 5.44% peak seen during the early global financial crisis.

Vancouver, British Columbia, August 7, 2026 – TheNewswire – (TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. (“Pinnacle” or the “Company”) was pleased to announce that the first closing of its non-brokered private placement financing (the “Offering”), previously announced on July 13, 2026, was completed, raising gross proceeds of C$652,080. In connection with the first closing, the Company issued 5,928,000 units at a price of C$0.11 per unit. Each unit consisted of one common share in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at an exercise price of C$0.16 per share for a period of 24 months from the date of issuance. Finder’s fees in connection with the Offering included a cash commission of C$7,524.00 and 68,400 non-transferable finder’s warrants. Each finder’s warrant entitled the holder to purchase one common share at a price of C$0.16 per share for a period of 24 months. The net proceeds from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango State, Mexico, to conduct project evaluation, and for general working capital purposes.