VANCOUVER, BC / ACCESS Newswire / December 8, 2025 / Electric Royalties Ltd. (TSXV:ELEC,OTC:ELECF)(OTCQB:ELECF) (‘Electric Royalties’ or the ‘Company’) is pleased to provide an update on key royalties in its portfolio, adding to the December 2, 2025 announcement of royalty revenues and other milestones relating to the Company’s copper assets.

Electric Royalties CEO Brendan Yurik commented: ‘Across our portfolio, the latest project updates reinforce our clear trajectory toward value creation and de-risking. We are particularly encouraged that the past-producing Graphmada Graphite Mine is now under active review for expanded production – with a Stage-2 scoping study underway – positioning Graphmada as a premier graphite supply-chain asset as Western economies increasingly prioritize non-China sources for battery-anode and advanced industrial demand.

‘We are also pleased to highlight the battery-performance breakthrough by Manganese X, where Phase 2 results using material from the Battery Hill Manganese Project delivered 70% capacity retention after 4,600 cycles – a meaningful validation of the commercial potential of Battery Hill’s high-purity manganese material. With the benefit of financial backing from leading mining investor Eric Sprott, Manganese X now moves into Phase 3 testing while also working towards completion of the Battery Hill pre-feasibility study.

‘At the same time, the operators of our lithium and iron-vanadium royalties continue to advance toward major development milestones. Both the Seymour Lake Lithium Project and the Mont Sorcier Iron and Vanadium Project are now on track to deliver feasibility studies in Q2 2026, supported by strengthened funding pathways, infrastructure commitments, and ongoing resource-growth work.

‘We also welcomed positive momentum at the Kenbridge Nickel Project, including the commencement of drilling.

‘Taken together, these updates highlight the growing strength, diversification, and maturity of our asset base. With multiple catalysts ahead, including multiple feasibility studies and continued technical advancements across the portfolio, we believe we are well-positioned to benefit from rising demand across the critical-minerals space and to deliver sustained, long-term value for shareholders.’

Highlights since the Company’s previous updates (see Electric Royalties’ news releases dated December 2, 2025 and September 4, 2025) include:

About Electric Royalties Ltd.
Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 43 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.

Company Contact
Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: Brendan.yurik@electricroyalties.com
https://www.electricroyalties.com/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information
This news release includes forward-looking information and forward-looking statements (collectively, ‘forward-looking information’) with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company’s future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company’s most recent filings on SEDAR+ as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company’s profile page at sedarplus.ca and at otcmarkets.com.

SOURCE: Electric Royalties Ltd.

View the original press release on ACCESS Newswire

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that it has closed its financing, previously announced on June 16, 2025, with an arm’s length institutional investor, Sorbie Bornholm LP (the ‘Investor’) for aggregate proceeds of CDN$6,000,000 (the ‘Offering’) at a price of $1.00 per unit (‘Unit’).

Pursuant to the terms and conditions of a Sharing Agreement and other supporting agreements between the parties, the proceeds have been deposited into escrow and the release of the shares, warrants and cash shall be as follows:

• The Investor deposited CDN$6,000,000 into a third-party escrow account.
• The Company will issue 6,000,000 shares into escrow and the warrants will be issued to the Investor on each monthly settlement date.
• Over a 24-month period, the cash and shares will be released from escrow monthly based on the Company’s market price at each release date.
• The Investor will immediately receive upon closing 1,500,000 warrants exercisable at CDN$1.18 for three (3) years.
• The Investor will also receive up to 4,960,000 additional warrants, released monthly over 24 months, priced at a 20% premium to the 5-day VWAP at the time of each issuance and exercisable for three (3) years from issuance.
• The Company paid the Investor a corporate finance fee of $360,000 payable via the issuance of 360,000 Units and a due-diligence deposit of $100,000 payable via the issuance of 100,000 Units, both on the same terms as the Units and subject to the same escrow release schedule.

SHARING AGREEMENT

The Units to be issued under the Offering, representing $6,000,000 will be held pursuant to a sharing agreement between the Investor and the Company (the ‘Sharing Agreement’). The Sharing Agreement provides that the Company’s economic interest will be determined in 24 monthly settlement tranches as measured against the Benchmark Price (as defined herein). If, at the time of settlement, the Settlement Price (determined monthly based on a volume-weighted average price for 20 trading days prior to the settlement date) (the ‘Settlement Price’) exceeds the benchmark price of $1.178 (the ‘Benchmark Price’), the Company shall receive more than 100% of the monthly settlement due, on a pro-rata basis. There is no upper limit placed on the additional proceeds’ receivable by the Company as part of the monthly settlements. If, at the time of settlement, the Settlement Price is below the Benchmark Price of $1.178, the Company will receive less than 100% of the monthly settlement due on a pro-rata basis. In no event will a decline in the Settlement Price of the Units result in an increase in the number of Units being issued to Sorbie.

TABLE OF BENCHMARK PRICE PERFORMANCE POTENTIAL DISTRIBUTIONS:

*Assumes static VWAP for entire term and does not include any proceeds from the warrants

As part of the TSX Venture Exchange (‘TSXV‘) approval of the Offering, the Company shall be required to file a private placement submission through the TMX LINX portal within three (3) business days from the date that the Company receives the monthly settlement notice from the Investor. The TMX LINX submission must include the following requirements:

• A final TSXV Form 4B detailing the cash release from escrow and the corresponding number of shares released from escrow, and confirming the number and details of the warrants issued from the Company’s treasury;
• A copy of the Investor’s settlement notice;
• A copy of the Company’s news release that discloses the details of the settlement; and
• The minimum Exchange fee.

The Company relied on the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, for the Offering, and the shares and warrants will not be subject to restrictions on resale. An offering document dated December 1, 2025 related to the Offering is available under the Company’s profile at www.sedarplus.ca and at www.homerunresources.com.

About Sorbie Bornholm LP (https://sorbiebornholm.com/)

Sorbie Bornholm LP is a global investment firm that provides funding for ongoing business objectives to listed micro, small and mid-cap growth companies. We focus on public equity investments in companies that are looking to expand – and on management teams with a clear growth strategy. Our extensive experience allows us to invest in most industries – and to focus on providing supportive, longer-term capital that rewards company growth.

Since 2000, Sorbie Bornholm LP founder Greg Kofford has perfected the ‘Sorbie-Strategy’, utilizing a Sharing Agreement that supports management and rewards growth. This unique approach has now been used in over 70 investments – with many of those resulting in the companies receiving more cash than the original offering proceeds, without having to issue any additional shares.

Sorbie Bornholm’s core values drive who we are and how we invest. We are committed to developing long-term relationships with select listed public companies and their brokers & advisers. We focus on providing supportive, longer-term capital that rewards growth. We invest to make a difference, to become a valued partner and to be a shareholder of choice. It’s important to us that we succeed together.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277257

This article has been disseminated on behalf of LaFleur Minerals Inc. and may include a paid advertisement.

MiningNewsWire Editorial Coverage : The most compelling moment for investors to engage with a mining company is often during its transition from explorer to producer, a period when value can inflect sharply as an organization shifts from discovery to cash flow. Explorers that successfully cross this development threshold tend to realize significant re-ratings because they de-risk their story, demonstrate reliable production capability and create a foundation for recurring revenues. For many interested in the mining space, entering at this stage allows participation before the substantial upside typically associated with the first years of production is fully priced in. This moment becomes particularly attractive when a company controls key infrastructure, is advancing toward production in a tier-one jurisdiction and trades at a valuation meaningfully below the replacement cost of its assets. That dynamic is now unfolding around LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ( profile ) which owns a fully permitted and refurbished gold mill in Québec’s Abitibi region and is positioned well ahead of neighboring peers still working through early development stages. With a district-scale land position, an advancing flagship deposit and near-term production plans, LaFleur offers meaningful leverage to the explorer-to-producer inflection point, which historically delivers some of the best returns in the mining sector. LaFleur is among a strong group of companies working to become leaders in the mining space, including Barrick Mining Corporation (NYSE: B) (TSX: ABX), West Red Lake Gold Mines Ltd . (TSX.V: WRLG) (OTCQB: WRLGF), Pirate Gold Corp. (TSX.V: YARR) (OTCQB: SICNF) and Abcourt Mines (TSX.V: ABI) (OTC: ABMBF).

Disclosure: This does not represent material news, partnerships, or investment advice.

• LaFleur’s core strategy is built around a vertically integrated development model anchored by its wholly owned Beacon Gold Mill and its nearby Swanson Gold Project.
• As part of its transition toward production, LaFleur has begun permitting for a bulk sample of approximately 100,000 tonnes from the Swanson deposit.
• One of LaFleur’s most significant competitive strengths is its ownership of the Beacon Gold Mill, a fully permitted and recently refurbished facility in Val-d’Or.
• LaFleur has finalized a comprehensive restart plan for the Beacon Mill, budgeting between C$5 and C$6 million to complete the six-to-eight-month recommissioning process.

Vertically Integrated Path to Production

LaFleur’s core strategy is built around a vertically integrated development model anchored by its wholly owned Beacon Gold Mill and its nearby Swanson Gold Project. The company plans to feed its fully permitted processing facility with its own mineralized material, reducing dependence on third-party mills and establishing one of the lowest-cost pathways to production in the region.

This arrangement is unusual among junior miners, many of which rely on shared infrastructure or toll-milling contracts that can limit margins and create delays. By contrast, LaFleur’s ability to control both the mine and mill components provides a direct route to monetizing ore, accelerating cash flow and supporting a self-sustaining operational model.

LaFleur’s Swanson Gold Project sits at the foundation of this integrated strategy. Swanson is an advanced exploration-stage asset with more than 36,000 meters of historical drilling and 242 drill holes contributing to the geological dataset. This extensive history supports a current Indicated resource of 123.4 thousand ounces of gold and an Inferred resource of 64.5 thousand ounces, forming a strong geological basis for future mine planning.

Located within one of the most prolific gold belts in the world, the Abitibi Greenstone Belt, Swanson benefits from a district enriched by more than 200 million ounces of historical production and a long track record of supporting commercially successful mines. The combination of geological scale, existing data density and room for resource expansion positions Swanson as a cornerstone for LaFleur’s move toward production.

Recent land consolidation has extended Swanson’s total footprint to an estimated 18,300-plus hectares across 445 claims and a mining lease, strengthening LaFleur’s control over key mineralized trends and providing access to prospective areas for future drilling. This district-scale position gives LaFleur optionality to pursue both open-pit and underground targets across multiple structures. Its proximity to the Beacon Gold Mill, approximately 60 kilometers away, ensures that haulage is straightforward once mining begins, reducing both operational complexity and processing costs.

Together, Swanson and Beacon form a rare pairing: an emerging well-endowed deposit and a fully permitted mill under a single ownership structure, both with capacity to scale. For a company transitioning into production, this configuration provides strong competitive advantages and creates a clear path toward becoming one of Québec’s newest gold producers.

Aggressive Drilling to Unlock Resource Growth

To advance Swanson toward production and enhance the geological confidence required for future studies, LaFleur initiated a 7,500-meter diamond drilling program this year, targeting more than 50 regional prospects. These include Swanson itself as well as nearby zones such as Bartec, Jolin and Marimac, areas that share favorable geological characteristics and have demonstrated promising early results.

The program is designed to test high-grade structures, confirm continuity and extend mineralization along strike. Early sampling at Jolin returned values up to 11.7 grams per tonne gold, highlighting strong potential for discovering additional near-surface mineralized zones within the broader land package. An important component of the program involves step-out drilling aimed at evaluating the potential for open-pit development.

By identifying near-surface extensions and testing lateral continuity, LaFleur is working to establish a resource base that supports both initial bulk sampling and long-term production scenarios. The ability to truck material directly to the Beacon Gold Mill places added economic value on shallow mineralization, which can be rapidly monetized once mining begins.

Parallel to the regional drilling program, LaFleur is advancing a 10-hole twin-hole drilling campaign at the Swanson deposit in order to validate historical drill results, improve confidence in grade distribution and collect fresh core for metallurgical and ore-sorting studies. This data will support an updated mineral resource estimate and contribute directly to the company’s Preliminary Economic Assessment (‘PEA’), led by environmental consultant firm Environmental Resources Management (‘ERM’). The PEA will incorporate geological, mining, processing, and cost considerations to define the initial development plan that underpins LaFleur’s transition to producer status.

Collectively, the drilling and validation programs are expanding the geological understanding of LaFleur’s district-scale land position and moving the company toward a long-term vision of achieving a resource exceeding one million ounces of gold. As these programs advance, they strengthen the case for Swanson as a viable and scalable production asset situated near a fully permitted mill which underwent over $20 million in upgrades in 2022.

Bulk Sample Strategy, Advancing Permits

As part of its transition toward production, LaFleur has begun permitting for a bulk sample of approximately 100,000 tonnes from the Swanson deposit. The planned sample has an estimated average grade of 1.89 grams per tonne gold and contains roughly 6,350 ounces of gold, representing about 3% of the project’s current mineral resource.

Bulk sampling is a critical intermediate step for companies approaching production because it enables the validation of geological models, confirms metallurgical assumptions, and generates early revenue through processing. In LaFleur’s case, the existence of the Beacon Gold Mill allows the company to run bulk sample material locally, accelerating cash flow while reducing technical uncertainty.

Permitting and closure plans for the bulk sample are being advanced with Québec regulators, who oversee one of the most established mining frameworks in Canada. Québec’s regulatory environment is recognized for its efficiency and transparency, supporting the timely evaluation of mining proposals and bulk sampling initiatives. Because LaFleur already owns a fully permitted mill, its permitting requirements relate primarily to mine-site logistics rather than infrastructure construction, significantly reducing the time required to begin test mining.

To support its upcoming production decisions, LaFleur engaged ERM’s Technical Mining Services Group to complete a PEA for Swanson. The PEA will include mine design, mineral resource modelling, metallurgical testing, processing flowsheets and cost projections required for an initial production scenario. Importantly, the study will incorporate current gold price assumptions, which remain historically elevated.

Bulk sampling will provide vital operational data, such as dilution rates, mining conditions, haulage efficiency and mill performance, that feed into the PEA and future feasibility studies. For investors, the combination of permitting progress, bulk sampling preparation and economic analysis creates a strong foundation for LaFleur’s near-term production timeline.

Beacon Mill: A High-Value Strategic Asset
One of LaFleur’s most significant competitive strengths is its ownership of the Beacon Gold Mill , a fully permitted and recently refurbished facility in Val-d’Or, a recognized mining camp. The mill, acquired through Monarch Mining’s CCAA restructuring process in 2024, underwent approximately C$20 million in upgrades in 2022, leaving it in excellent operational condition. With a processing capacity of more than 750 tonnes per day, Beacon provides LaFleur with an infrastructure advantage that few junior miners possess.

The mill benefits from year-round road access, a skilled regional workforce, reliable grid power and proximity to numerous exploration-stage deposits in the region. As a result, it not only supports LaFleur’s own production plans but also creates opportunities for future custom milling revenue once operations are underway.

An independent valuation by Bumigeme, a Montréal engineering firm, placed the replacement cost of the Beacon Mill and its tailings facility at approximately C$71.5 million. Rehabilitation requirements were estimated at a modest C$4.1 million, highlighting the mill’s strong condition and low restart cost. Notably, the mill carries no royalties or encumbrances and is backed by a C$2.4 million reclamation bond. These features position Beacon as an exceptionally valuable asset relative to LaFleur’s current market valuation.

Owning a permitted mill dramatically reduces the typical multiyear timeline associated with constructing processing infrastructure. For companies operating in regions such as the Abitibi, where environmental requirements are robust and permitting processes are thorough, having an existing facility is a major strategic advantage. LaFleur’s ownership of Beacon effectively moves the company ahead of nearby peers, which must still navigate planning, financing and permitting for mill construction. Combined with Swanson’s resource potential and district-scale land position, the Beacon Mill establishes a clear path to production that supports LaFleur’s ambition to become one of Québec’s next gold producers.

Restart Plan, Regional Momentum and Upcoming Catalysts

LaFleur has finalized a comprehensive restart plan for the Beacon Mill, budgeting between C$5 and C$6 million to complete the six-to-eight-month recommissioning process. The company expects to begin production ramp-up by early next year and reach full operational capacity by year end. The restart plan includes approximately C$3.8 million for mill equipment upgrades and about C$1.8 million for repairs and improvements to the tailings storage facility. These targeted investments will allow LaFleur to resume processing operations safely and efficiently while meeting Québec’s regulatory standards.

The mill restart positions LaFleur within a vibrant and rapidly consolidating region of the Abitibi. Recent corporate transactions, such as Fresnillo’s acquisition of Probe Gold and other strategic deals within the Val-d’Or region, underscore the district’s attractiveness and highlight rising valuations for companies controlling both resources and infrastructure. Probe’s valuation of approximately $70–$80 per ounce of gold in the ground helps establish a regional pricing precedent. By comparison, LaFleur’s combination of the Beacon Mill and the Swanson resource appears meaningfully undervalued relative to peers.

To support its production restart, LaFleur engaged FMI Securities to launch Gold-Linked Convertible Notes for up to C$7 million, following successful completions of a C$2.88 million LIFE Offering and C$1.66 million flow-through financing. These financing steps demonstrate investor confidence in LaFleur’s path to production and strengthen the company’s treasury as it advances into the next phase of development.

With a fully permitted mill, a progressing bulk sample program, expanding drill results and a forthcoming preliminary economic assessment, LaFleur occupies a unique position within Québec’s premier gold belt. The company’s integrated model, regional infrastructure advantages and near-term production timeline align strongly with the explorer-to-producer transition point that historically delivers some of the most compelling upside across the mining sector.

Strategic Moves Signal Expanding Momentum in Gold Exploration

The gold sector continues to advance through a wave of strategic realignments, drilling initiatives and operational milestones that signal both confidence and long-term planning across the industry. These unfolding moves point to a sector embracing opportunity while preparing for future growth cycles.

Barrick Mining Corporation (NYSE: B) (TSX: ABX) board of directors has authorized Barrick’s management team to explore an initial public offering of a subsidiary that will hold Barrick’s premier North American Gold Assets (‘NewCo’). NewCo would be anchored by Barrick’s joint venture interests in Nevada Gold Mines and Pueblo Viejo, as well as Barrick’s wholly owned Fourmile gold discovery in Nevada.

West Red Lake Gold Mines Ltd . (TSX.V: WRLG) (OTCQB: WRLGF) announced a fully funded infill drilling program at its 100% owned Fork Deposit located approximately 250 meters southwest from its Madsen Mine in the Red Lake Gold District of Northwestern Ontario, Canada. The core of the Fork Deposit has been re-envisioned as a high-grade near-mine resource expansion target that is a priority for immediate advancement.

Pirate Gold Corp. (TSX.V: YARR) (OTCQB: SICNF), formerly Sokoman Minerals Corp., announced that its common shares have commenced trading on the TSX Venture Exchange under the new ticker symbol. The company’s common shares will continue to trade on the OTCQB Venture Market under the ticker SICNF. The name and symbol change unify the company’s identity under the Pirate Gold banner, reflecting a renewed focus on discovery, value creation and the frontier spirit rooted in Newfoundland’s exploration history.

Abcourt Mines (TSX.V: ABI) (OTC: ABMBF) has received its environmental certificate of authorization for custom milling of ore from off-site deposits at its Sleeping Giant mill. This certificate of authorization allows Abcourt to begin commercial discussions with potential clients, accelerate the environmental authorization process and begin processing gold ore from mining companies that do not have a mill to extract gold from their ore.

These developments underscore a gold industry that is actively optimizing assets, accelerating advancement of near-term opportunities and positioning itself for stronger performance in the years ahead. As these initiatives progress, they offer a glimpse into how the next generation of gold production, discovery and value creation may unfold across key mining jurisdictions.

For further information about LaFleur Minerals, please visit the LaFleur Profile .

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Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; FRA: 3MX) (‘ Copper Quest ‘ or the ‘ Company ‘) is pleased to announce that, further to its news release dated December 1, 2025, it has issued an aggregate of 10,142,104 flow-through shares of the Company (the ‘ FT Shares ‘, and each, a ‘ FT Share ‘) at a price of $0.19 per FT Share for aggregate gross proceeds of $1,927,000 in connection with its previously announced fully subscribed non-brokered private placement (the ‘ Private Placement ‘).

Each FT Share constitutes a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) (the ‘ Tax Act ‘) and the gross proceeds of the Private Placement will be used by the Company for exploration and related programs, which qualify as ‘Canadian exploration expenses’ and ‘flow-through critical mineral mining expenditures’, as such terms are defined in the Tax Act, in connection with Copper Quest’s projects in British Columbia.

Brian Thurston, President & CEO of Copper Quest, commented: ‘ The team has spent the last 12 months building Copper Quest to be a standout junior explorer holding seven quality projects including the recent acquisitions of Stars, Stellar, Nekash, and pending Kitimat and Alpine. It is now time for the Company to grow shareholder value through advancing these properties through work on the ground and drilling. These funds will allow us advance multiple properties in 2026 while we continue vetting quality partners to help advance the rest. ‘

In connection with the Private Placement, the Company paid cash finder’s fees totaling $130,199.98 and issued 685,261 finder’s warrants (the ‘ Finder’s Warrants ‘) entitling the holder thereof to acquire one non-flow-through common share at an exercise price of C$0.19. The Finder’s Warrants will expire on December 5, 2027.

All securities issued pursuant to the Private Placement are subject to a statutory four month hold period expiring April 6, 2026.

To accommodate increased interest in the Private Placement, the Company also announces that it may further issue up to 255,264 FT Shares under the same terms as above stated, no later than December 15, 2025. All securities to be issued thereunder will be subject to a statutory hold period under applicable Canadian securities laws of four months and one day from the date of issuance.

Related Party Participation in the Private Placement

Jason Nickel, Director of the Company, participated in Private Placement by purchasing 50,000 FT Shares for $9,500. The participation by Mr. Nickel, as an insider of the Company, constitutes a ‘related party transaction’ as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the FT Shares purchased by Mr. Nickel, nor the consideration for the FT Shares paid by Mr. Nickel, exceeded 25% of the Company’s market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Private Placement, which the Company deems reasonable in the circumstances as the details of insider participation in the Private Placement were not settled until shortly prior to closing the Private Placement and the Company wished to complete the Private Placement in an expeditious manner.

The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Copper

Copper is an essential industrial metal at the heart of the global energy transition and modern infrastructure. It plays a critical role in electrification, renewable energy systems, electric vehicles, data centers, and smart technologies. With global demand rising and new supply challenged by declining grades, complex permitting, and underinvestment, the copper market faces persistent deficits and growing geopolitical scrutiny. Recent U.S. policy announcements, including import tariffs and initiatives to secure domestic and allied supply chains, underscore copper’s strategic importance and the need for resilient, localized resource exploration, development, production and processing capacity.

ABOUT Copper Quest Exploration Inc.

Copper Quest (CSE: CQX,OTC:IMIMF; OTCQB: IMIMF; FRA: 3MX) is focused on building shareholder value through project acquisition, and exploration and development of its North American Critical Mineral portfolio of assets. The Company’s land package currently comprises five projects that span over 40,000+ hectares in great mining jurisdictions as well as the Kitimat Cu-Au Project and the past-producing Alpine Gold Mine that are both pending acquisition following due diligence.

Copper Quest has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery, covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% interest in the 5,389 hectare Stellar Property. CQX also has an earn-in option up to 80% and joint-venture agreement on the 4,700 hectare porphyry copper-molybdenum Rip Project, also in the Bulkley Porphyry Belt.

Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, along the prolific Idaho-Montana porphyry copper belt that hosts world-class systems such as Butte and CUMO. The project is fully road-accessible via maintained U.S. highways and forest service roads and currently consists of 70 unpatented federal lode claims covering 585 hectares.

Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization potential.

Copper Quest’s leadership and advisory teams are senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Copper Quest is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which it operates. The Company’s common shares are principally listed on the Canadian Stock Exchange under the symbol ‘CQX’. For more information on Copper Quest, please visit the Company’s website at www.copper.quest.

On behalf of the Board of Copper Quest Exploration Inc.

Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829
For further information contact:

Investor Relations
info@copper.quest

Forward Looking Information

This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, statements regarding the terms and completion of the Flow-Through Offering, the payment of finder’s fees and issuance of Finder’s Warrants, the anticipated closing date and the planned use of proceeds of the Flow-Through Offering, and future operations and activities of Copper Quest, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to obtain regulatory approval of the Flow-Through Offering, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

Jennifer Newstead to join Apple as senior vice president, will become general counsel in March 2026

Kate Adams to retire late next year

Lisa Jackson to retire

Apple® today announced that Jennifer Newstead will become Apple’s general counsel on March 1, 2026, following a transition of duties from Kate Adams, who has served as Apple’s general counsel since 2017. She will join Apple as senior vice president in January, reporting to CEO Tim Cook and serving on Apple’s executive team.

In addition, Lisa Jackson, vice president for Environment, Policy, and Social Initiatives, will retire in late January 2026. The Government Affairs organization will transition to Adams, who will oversee the team until her retirement late next year, after which it will be led by Newstead. Newstead’s title will become senior vice president, General Counsel and Government Affairs, reflecting the combining of the two organizations. The Environment and Social Initiatives teams will report to Apple chief operating officer Sabih Khan.

‘Kate has been an integral part of the company for the better part of a decade, having provided critical advice while always advocating on behalf of our customers’ right to privacy and protecting Apple’s right to innovate,’ said Tim Cook, Apple’s CEO. ‘I am incredibly grateful to her for the leadership she has provided, for her remarkable determination across a myriad of highly complex issues, and above all, for her thoughtfulness, her deeply strategic mind, and her sound counsel.’

‘I am deeply appreciative of Lisa’s contributions. She has been instrumental in helping us reduce our global greenhouse emissions by more than 60 percent compared to 2015 levels,’ said Cook. ‘She has also been a critical strategic partner in engaging governments around the world, advocating for the best interests of our users on a myriad of topics, as well as advancing our values, from education and accessibility to privacy and security.’

‘We couldn’t be more pleased to have Jennifer join our team,’ said Cook. ‘She brings an extraordinary depth of experience and skill to the role, and will advance Apple’s important work all over the world. We are also pleased that Jennifer will be overseeing both the Legal and Government Affairs organizations, given the increasing overlap between the work of both teams and her substantial background in international affairs. I know she will be an excellent leader going forward.’

‘I have long admired Apple’s deep focus on innovation and strong commitment to its values, its customers, and to making the world a better place,’ said Newstead. ‘I am honored to join the company and to lead an extraordinary team who are dedicated each and every day to doing what’s in the best interest of Apple’s users.’

‘It has been one of the great privileges of my life to be a part of Apple, where our work has always been about standing up for the values that are the foundation of this great company,’ said Adams. ‘I am proud of the good our wonderful team has done over the past eight years, and I am filled with gratitude for the chance to have made a difference. Jennifer is an exceptional talent and I am confident that I am leaving the team in the very best hands, and I’m really looking forward to working more closely with the Government Affairs team.’

‘Apple is a remarkable company and it has been a true honor to lead such important work here,’ said Jackson. ‘I have been lucky to work with leaders who understand that reducing our environmental impact is not just good for the environment, but good for business, and that we can do well by doing good. And I am incredibly grateful to the teams I’ve had the privilege to lead at Apple, for the innovations they’ve helped create and inspire, and for the advocacy they’ve led on behalf of our users with governments around the world. I have every confidence that Apple will continue to have a profoundly positive impact on the planet and its people.’

Newstead was most recently chief legal officer at Meta and previously served as the legal adviser of the U.S. Department of State, where she led the legal team responsible for advising the Secretary of State on legal issues affecting the conduct of U.S. foreign relations. She held a range of other positions in government earlier in her career as well, including as general counsel of the White House Office of Management and Budget, as a principal deputy assistant attorney general of the Office of Legal Policy at the Department of Justice, as associate White House counsel, and as a law clerk to Justice Stephen Breyer of the U.S. Supreme Court. She also spent a dozen years as partner at Davis Polk & Wardwell LLP, where she advised global corporations on a wide variety of issues. Newstead holds an AB from Harvard University and a JD from Yale Law School.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .

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View source version on businesswire.com: https://www.businesswire.com/news/home/20251204848925/en/

Josh Rosenstock
Apple
jrosenstock@apple.com