Markets

West Coast Community Bancorp announced the results of its annual director election, with shareholders strongly approving management’s slate. High voter turnout (74.41%) and overwhelming support, with percentages ranging from 86.34% to 96.19% for individual directors, signify confidence in the bank’s strategic direction. Shareholders also ratified the appointment of Crowe LLP as the independent auditor with 99.85% approval.

Following Elon Musk and Donald Trump’s public disagreement, the fallout continues. The White House is reviewing SpaceX’s multi-billion dollar contracts with the Department of Defense and NASA. This includes assessing SpaceX’s role in missile defense systems. The government is preparing potential retaliatory measures, giving it options should the political situation worsen despite Musk’s retracted threat to retire SpaceX’s Dragon spacecraft.

FF founder Jia Yueting criticized the Chinese EV industry for issues like imitation, undisciplined launches, and exaggerated marketing, urging a focus on innovation and value. He also criticized automotive commentary quality. His comments reflect broader concerns about unsustainable price wars and a need for improved product differentiation and informed public discourse, crucial for global competitiveness, especially in the EV sector.

Avino Silver & Gold Mines Ltd. renewed its At-The-Market (ATM) equity program, allowing for the distribution of up to $40 million in common shares through a sales agreement. This provides Avino with strategic financial flexibility, enabling share sales at prevailing market prices via the NYSE American and other markets. The company will pay commissions up to 3.0% on gross proceeds, though there’s no guarantee of sales. The ATM program, approved conditionally by the Toronto Stock Exchange, aims to support Avino’s financial planning and growth.

The Chinese Football Association (CFA) has dismissed head coach Ivanković after the team failed to qualify for the 2026 World Cup. The move, effective June 14th, was triggered by performance-based contract clauses. The departure is amicable, with no penalties incurred by either party. The CFA will now search for a new coach, potentially fielding a temporary staff for the upcoming East Asian Cup, amid a candid assessment of the team’s declining status.

Search Minerals (TSXV: SMY) announced the resumption of trading on June 16, 2025, and a share consolidation (10:1) effective June 17, 2025. The company focuses on critical rare earth elements like CREE, Zr, and Hf, with assets in Labrador’s Port Hope Simpson-St. Lewis and Red Wine districts, including ready-to-drill prospects. This release includes forward-looking statements about potential risks and uncertainties.

Houston American Energy Corp. (HUSA) announced unusual trading activity in its stock without identifying a specific cause. The company, focused on oil and gas exploration in the U.S. Permian Basin and Louisiana, warns of market volatility and forward-looking statements subject to risks like market fluctuations, potential impacts within the energy sector, and operational challenges. Investors should consider SEC filings for detailed risk factors impacting future results.

Wallbridge Mining’s Annual and Special Meeting on June 12, 2025, saw significant shareholder representation and strong support for all resolutions. Shareholders elected six directors, including Brian Penny and Janet Wilkinson, with high approval ratings. KPMG LLP was reappointed as auditor. The approval of the Omnibus Long Term Incentive Plan further highlights shareholder confidence and commitment to long-term value creation.

Abbott announced its 406th consecutive quarterly dividend of $0.59 per share, payable August 15, 2025. This marks 53 consecutive years of dividend increases, highlighting Abbott’s financial strength and its inclusion in the S&P 500 Dividend Aristocrats Index. The consistent payouts, starting in 1924, underscore the company’s commitment to shareholder value.

Xiaomi’s China Marketing GM, Wang Teng, surprisingly visited a Huawei store in Luoyang to examine the new Pura 80 series. This unexpected move occurred during a store inspection and was captured in photos, sparking online discussion and perceived corporate sportsmanship.