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President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries.

The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said.

Any goods shipped through the international postal network will be subject to tariff rates based on the value of the package and its country of origin.

The move comes after Trump in May shuttered the de minimis loophole for goods from China and Hong Kong. A federal trade court on Monday declined to block Trump’s de minimis ban, even after an auto parts retailer argued the action was unlawful and threatened its business.

Use of the de minimis provision has exploded in recent years as online shopping has become more prevalent. Ultra-cheap online retailers such as Temu and Shein have used the loophole to ship packages to American shoppers directly from China duty-free.

Shares of PDD Holdings, the parent company of Temu, dipped lower following the announcement.

The Trump administration has sought to close the loophole, calling it a “big scam” that hurts U.S. businesses. Officials have said de minimis facilitates shipments of fentanyl and other illicit substances, saying the packages are less likely to be inspected by customs agents.

The volume of de minimis shipments has skyrocketed to 309 million units so far this fiscal year, up from 115 million for all of last year, the White House said.

This post appeared first on NBC NEWS

The canned cocktail maker High Noon is warning customers that some of its vodka seltzers were accidentally labeled as Celsius energy drinks.

In a recall notice posted to the Food and Drug Administration’s website, High Noon said an unspecified number of its Beach Variety packs contain cans are filled with High Noon vodka seltzer alcohol but have been mislabeled as Celsius Astro Vibe energy drink, Sparkling Blue Razz Edition, with a silver top.

Celsius Astro Vibe Energy Drink, Sparkling Blue Razz Edition.Celsius

The products were shipped to retailers in Florida, New York, Ohio, South Carolina, Virginia and Wisconsin from July 21 to July 23.

The recall was initiated after High Noon discovered that a shared packaging supplier mistakenly shipped empty Celsius cans to High Noon, it said.

No illnesses have been reported to date.

This post appeared first on NBC NEWS

 

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA’s team has completed the 4 km access trail along the core of the Trapper zone providing necessary access for future drill programs and exploration activities. The access trail is located to run along the surface trend of extensive outcropping and sub-cropping oxide layers. In addition, a 25-tonne excavator from Gladiator drilling has opened 3 trenches across the two significant aeromagnetic anomalies of the Trapper zone, exposing a total of 504m 2 (5,425ft 2 ) of semi-massive to massive vanadiferous titanomagnetite (‘VTM’) mineralization.

 

 

 

   Figure     1     :    Radar Pro   ject’s Trapper Zone depicting two aeromagnetic anomalies and the trend of the inferred oxide layering. The Trapper trail will support a new diamond drilling program.   SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Titanium Project is supported by existing infrastructure, including road access, a deep-water port, an airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.

 

With a large oxide layering thickness, a near-monomineralic Vanadiferous Titanomagnetite (VTM) composition, and extensive mineral tenures, the Radar Titanium Project shows the potential to become a globally significant VTM project.

 

 

 

   Figure 2:    Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

  2025 Summer Field Program – Road Maintenance, Trail Access, Trenching and Geophysics  

 

The 2025 summer field program marked a critical phase in advancing the exploration efficiency and cost-effectiveness of future drill programs and exploration activities in the western portion of the property, including the highly prospective Trapper zone. Key components of this program include:

 

  1. Maintenance of the forestry road
  2.  

  3. Construction of the drill rig compatible access trail across the Trapper zone
  4.  

  5. Trenching in the Trapper and Hawkeye zones
  6.  

  7. Ground-based magnetometer surveys over the two major anomalies in the Trapper zone
  8.  

  1.   Forestry Road Maintenance:  
  2.  

The first step for the team was to perform maintenance on the Cartwright Forest Service road, which had not seen regular clearing for the last few decades. This work included:

 

  •   Objective: Clear overgrown sections of the existing forestry road to enable access for trucks and heavy equipment to reach the laydown area. This road is essential for allowing the team proper access to the west of the property claims, and includes an equipment lay-down area and an access trail into the Trapper Zone.
  •  

  •   Work: Brush-cutting and removal with heavy equipment.
  •  

  •   Equipment: Brush-saws, Chain-saws, 6-tonne excavator, 25-tonne excavator.
  •  

  •   Outcome: The 4.2 km of refurbished track now provides reliable access to the lay-down area, enhancing logistical efficiency for the Trapper zone trail building.
  •  

 

 

   Figure 3.1:    Completed maintenance on the Cartwright Forest Service Road  

 

 

 

   Figure 3.2:    Start of the Trapper Zone Trail, viewed from the lay down along the Cartwright Forest Service Road  

 

2. Trapper Trail Construction:  

 

The next phase of infrastructure development aimed to upgrade the pre-existing snowmobile/ATV trail into a drill rig-compatible trail, which gains access to the heart of the Trapper zone and extends past the two major anomalies. This work included:

 

  •   Facilitate Access: Provide direct trail access into the Trapper Zone on the western extent of the 20 km aerial oxide layer of the Dykes River Intrusion, connecting the eastern Hawkeye Zone to the western Trapper Zone.
  •  

  •   Support Drilling Operations: Enable efficient mobilization of diamond drilling equipment to high-priority targets identified through geophysical surveys within the Trapper zone.
  •  

  •   Enhance Cost Efficiency: Reduce logistical costs for future exploration campaigns by leveraging existing infrastructure and minimizing reliance on helicopter support.
  •  

  •   Ensure Sustainability: Minimize environmental impact through strategic trail planning and compliance with Newfoundland and Labrador’s permitting requirements.
  •  

 

 

   Figure 3.3:    Excavator and work truck located along the Trapper Trail over the northern portion of the oxide layer trend within the Trapper zone.  

 

3. Trapper & Hawkeye Zone Trenching:  

 

The trenches within the Trapper zone were identified as targets due to extremely high readings on the GSM-19 Magnetometer. On numerous occasions, the geophysics team had the GSM-19 Magnetometer Instruments reading well beyond the highest highs of the Hawkeye zone, which reached 74,000 nt.

 

Upon trenching these locations, it was discovered that the presence of semi-massive to massive VTM – oxide layering outcrops were not far from the surface. A total of 504m 2 (5,425ft 2 ) was trenched across the oxide layering strike in the north and south anomalies of the Trapper zone. Work is ongoing to complete pressure washing of the outcrops, clearing away dirt and debris to better show the structure and mineralogy of these exposures.

 

 

 

   Figure 4.1:    Excavator and Michael Garagan (CGO & Director of SAGA) standing on a VTM oxide layer outcrop in the northern anomaly at the Trapper zone.  

 

 

 

   Figure 4.2:    Semi-massive to Massive VTM oxide layer outcrop in the southern anomaly at the Trapper zone.  

 

4. Trapper Zone Geophysics:  

 

As previously reported, SAGA mobilized two geophysical crews to complete magnetic and VLF-electromagnetic survey coverage across the north and south anomalies within the Trapper Zone.

 

SAGA’s geophysics team has continued to report strong magnetic detection levels over both anomalies, requiring recalibration of the geophysical instruments. The team is excited to report that readings have exceeded the 74,000 nT detected in the Hawkeye zone, with readings recorded as high as 115,498 nT over the northern Trapper zone anomaly and over 113,000 nT over the southern Trapper zone anomaly. In some cases, the instruments reached the maximum level of detection (120,000 nt).

 

 

 

   Figure 5:    Reading off of the Magnetometer GSM-19 geophysical instrument recording 115,498 nT over the Tapper zone.  

 

SAGA’s geophysics team is working to complete the remaining lines over the coming days and will be the subject of a future new release in the near term.

 

  Michael Garagan, CGO & Director of SAGA stated:   ‘This summer has been a critical juncture in the development of the project and preparation for efficient and cost-effective drilling in the future. We believe that with the infrastructure upgrades completed our drilling cost per meter has come down significantly, setting us on the right track to reach our goal of approximately $300-$350/m. SAGA’s plans and objectives over the next 12-month are to complete a 10,000-15,000-meter drill program, setting the stage for the completion of a maiden resource calculation. A project like this, with homogenous geochemistry and large oxide layers, can move towards a resource calculation with 100 m drill spacing over the 2.5 km stretch of the entire oxide layering strike that runs continuously through the Trapper zone.’  

 

  Qualified Person  

 

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

 

  About Saga Metals Corp.  

 

 Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

 

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

 

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

 

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

 

  On Behalf of the Board of Directors  

 

  Mike Stier, Chief Executive Officer  

 

For more information, contact:

 

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

 

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

 

  Cautionary Disclaimer  

 

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

 

Photos accompanying this announcement are available at:

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/e8128200-d3b7-48da-aee0-484bad883fca  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/6c8d3aa5-99b1-4eba-ab0c-616ac8aa84eb  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/26751ee2-942d-431f-8bf1-c64df78353de  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/fdf6776f-80be-4a01-b78b-1dcc786d5051  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/66c2fa8f-6518-4aed-988f-09d98f483a25  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/c5ff730b-9a14-4cad-843f-696bcf80efad  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/63807f35-1f7c-4a3c-b3c7-6fa0df9d0d83  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/42529e33-6d14-4c03-bfc4-9ec7030a7fc6  

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

 

Skyharbour Resources Ltd . (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’), is pleased to announce that it has acquired, through inexpensive online staking, 21 new prospective uranium exploration claims in northern Saskatchewan. This strategic addition increases the Company’s total land position to 616,939 hectares (1,524,489 acres) across 37 projects in which it holds an interest. The newly staked claims, which are 100% owned by Skyharbour, adds to the Company’s existing portfolio of uranium projects within the Athabasca Basin, which is renowned for hosting the highest-grade uranium deposits globally and consistently ranked as a top-tier mining jurisdiction by the Fraser Institute.

 

While Skyharbour continues to focus on its co-flagship Russell Lake and Moore uranium projects, the newly acquired claims will be incorporated into the Company’s growing prospect generator business model. Skyharbour will actively seek strategic partners to advance these additional assets through earn-in and joint venture agreements.

 

  Skyharbour’s New Uranium Project Portfolio Map:  
  https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v2.jpg   

 

  List of New Claims:  

 

  •   Haultain Project – New project, five new claims totalling 6,607 ha
  •  

  •   Bonville Project – New project, comprising one new claim totalling 1,497 ha
  •  

  •   Bolt Extension Project – Four new claims totalling 1,127 ha, adjacent to the existing Bolt Project
  •  

  •   South Preston – One new claim totalling 956 ha adjacent to Skyharbour’s existing Preston JV
  •  

  •   Tarku Project – One new claim totalling 3,233 ha, adjacent to Skyharbour’s existing South Dufferin Project
  •  

  •   Elevator Project – Two newly re-staked claims totalling 8,012 ha
  •  

  •   914 Project – Three newly re-staked claims totalling 1,133 ha
  •  

  •   Bennett Project – Two newly re-staked claims, adding 5,033 ha to the project
  •  

  •   Spence Project – Two newly re-staked claims totalling 11,915 ha
  •  

  •   Yurchison Project – One re-staked claim totalling 3,278 ha
  •  

  Summary of Recently Staked Properties Available for Option:  

 

   Haultain Project:   

 

The Haultain Project comprises five newly staked claims totalling 6,607 hectares, located approximately 46 km southwest of Cameco’s Key Lake Operation and 3 km west of Highway 914. Situated in the Mudjatik Domain just outside the currently mapped extent of the Athabasca Basin, the property is predominantly underlain by orthogneisses with historical EM conductors and coincident magnetic lows possibly indicating the presence of graphitic pelitic gneisses on the property. Limited modern exploration has been conducted on the Haultain Project beyond early-stage prospecting, mapping, and geochemical sampling. The project is prospective for basement-hosted unconformity-related uranium mineralization, as well as pegmatite-hosted U-Th-REE mineralization.

 

  Haultain Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Haultain_2025_07.jpg   

 

   Bonville Project:   

 

The Bonville Project consists of a single newly staked claim totalling 1,497 ha and is located approximately 60 km south of Cameco’s Key Lake Operation. The Bonville project is located in the Wollaston Domain outside of the currently mapped extent of the Athabasca Basin and mapping indicates the property is underlain by predominantly Wollaston Supergroup metasedimentary gneisses, including prospective locally graphitic lower Wollaston Supergroup pelitic gneisses. Historical exploration includes airborne magnetic and EM surveys, geochemical sampling, and prospecting dating back to the 1960’s and 1970’s. The property hosts three minor copper occurrences (Bonville Lake Cu, SMDI 989). It is considered prospective for basement-hosted uranium mineralization, as well as pegmatite-hosted U-Th-REE and sediment-hosted copper mineralization.

 

  Bonville Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Bonville_2025_07.jpg   

 

   Bolt Extension Project:   

 

The Bolt Extension Project comprises four newly staked claims adjacent to Skyharbour’s Bolt Project, currently under option to UraEx Resources. Mapping conducted in the 1970’s and 1980’s shows a north-south-trending, anastomosing package of amphibole gneisses surrounded by felsic gneisses, metamorphosed to granulite or upper amphibolite grade. Given the age and scale of the historical geological mapping, the area’s structural and lithological complexity is likely underestimated. Past work includes airborne and ground geophysics, as well as lake sediment and water sampling. Recent exploration between 2008 and 2018 identified multiple EM conductors, magnetic lows, and faults that extend onto the Bolt Extension claims. These features highlight the property’s strong potential to host basement-hosted unconformity-related uranium mineralization, as well as pegmatite-hosted U-Th-REE mineralization.

 

   South Preston:   

 

The South Preston Project consists of one claim totalling 965 hectares, located approximately 30 km south of the Athabasca Basin and adjacent to Skyharbour and Orano Canada’s Preston Joint Venture. It is underlain by Taltson felsic granulites and Cretaceous Manville Group sandstones and mudstones. Exploration to date has been limited, comprising airborne EM, magnetic, and radiometric surveys, along with limited prospecting and geological mapping. A series of EM conductors extend onto the property from the adjacent Preston JV but remain untested by drilling.

 

   Tarku Project:   

 

The Tarku Project consists of two claims, including one newly staked claim, totalling 5,878 ha and is located adjacent to Skyharbour’s South Dufferin Project, currently under option to UraEx Resources. The property covers the southern extension of the Virgin River Shear Zone, which hosts high-grade uranium mineralization at Cameco’s Dufferin Lake zone, approximately 32 kilometres to the north, with drill results of 1.73% U 3 O 8 over 6.5 metres, and the Centennial deposit, approximately 47 kilometres to the north, which includes intersections up to 8.78% U 3 O 8 over 33.9 metres.

 

Historical exploration on the property includes airborne EM, magnetic, and radiometric surveys, lake water and sediment sampling, prospecting, ground-truthing of anomalies, geological mapping, and diamond drilling. The project offers strong potential for basement-hosted, unconformity-related uranium mineralization along the Virgin River Shear Zone trend.

 

   914 and Elevator Projects:   

 

The 914 and Elevator projects consist of five recently re-staked, non-contiguous claims totalling 9,145 hectares, located 35 to 55 km south of Cameco’s Key Lake Operation. Both projects lie near Provincial Highway 914, providing access to southern Saskatchewan. The 914 Project, comprising three claims totalling 1,133 hectares, is situated 1 km east of the highway, while the Elevator Project, with two claims totalling 8,012 hectares, lies 15 km east.

 

Geological mapping in the area indicates that both projects are underlain by prospective Wollaston Supergroup metasedimentary gneisses and Archean granitic to tonalitic gneisses of the Western Wollaston Domain, known to host significant basement-hosted unconformity-related uranium mineralization further north in the Basin.

 

Extensive historical exploration in the 1970’s included magnetic, gravity, and EM surveys, as well as geological mapping, prospecting, and boulder and sediment sampling. Modern work has been limited, consisting of partial airborne VTEM coverage, light ground prospecting, and lake sediment sampling. All five claims are positioned along the margins of regional-scale fold structures, with recent airborne magnetic data revealing additional geological complexity not captured in earlier mapping. Multiple uranium and REE showings exist in the surrounding area around the claims. The same basement rocks found on the 914 and Elevator projects host both unconformity-related and pegmatite-hosted uranium, thorium, and REE mineralization elsewhere in the region.

 

   Bennett Project:   

 

The Bennett Project comprises four claims totalling 11,815 hectares, including two newly re-staked claims covering 5,033 hectares, located in the Highrock Lake area. The property is underlain by Wollaston Group metasedimentary gneisses, predominantly psammitic to meta-arkosic, locally with pelitic to psammopelitic gneisses concentrated in fold noses.

 

Uranium exploration was previously conducted on the property between the late 1960’s and early 1980’s, including airborne EM, magnetics, and radiometrics, radon surveys, prospecting, geological mapping, and lake water and sediment sampling. As this work predates modern geophysics and exploration models, additional targets likely remain untested. The project is considered prospective for both unconformity-related and pegmatite-hosted uranium mineralization.

 

   Spence Project:   

 

The Spence Project comprises five non-contiguous claims totalling 14,334 hectares, including two newly staked claims covering 11,915 ha. Located 75 to 85 km south of Cameco’s Rabbit Lake Operation, the project is easily accessible via Highway 905, which runs within 1 km of the westernmost claims and nearby infrastructure, including fuel and lodging at km 147. The project is underlain by Wollaston Supergroup metasedimentary gneisses, including graphitic pelitic units adjacent to Archean granites within the Eastern Wollaston Domain, which is a setting highly prospective for unconformity-related uranium mineralization in the Athabasca Basin.

 

Historical work on the property (1960’s–1990’s) focused on SEDEX-style Pb-Zn mineralization, targeting extensions of the adjacent George Lake deposit, and included airborne and ground geophysics, mapping, and geochemistry. More recently, VTEM, VLF-EM, magnetics, and radiometrics were flown in 2022–2023. Despite this, modern uranium-focused exploration has been limited. The property hosts several untested targets prospective for both unconformity-related basement-hosted uranium and SEDEX-style Pb-Zn mineralization.

 

   Yurchison Project:   

 

The drill-ready Yurchison Project comprises two contiguous claims totalling 9,073 hectares in the Wollaston Domain of northern Saskatchewan, including one newly re-staked claim, comprising 3,728 hectares. The claims cover an extensive package of Wollaston Supergroup metasediments in an area known for its base metal and uranium potential. The property is along trend to the north-northeast of the Janice Lake sediment-hosted Cu deposit and numerous other base metal showings in the ‘Wollaston Copperbelt’. Access to the area is greatly enhanced by Highway 905, located approximately 2 km east of the property. Grid power is also available nearby, along with a motel, restaurant and gas bar located at km 147 on Highway 905, a few km north of Courtenay Lake.

 

The Yurchison project has undergone a variety of exploration programs, including diamond drilling, sampling and relogging of historical holes, and Wacker drill overburden till sampling, as well as various prospecting and geophysical programs. However, most of the property remains underexplored. The majority of the work on the property was completed before 2000, with minimal follow-up since then. There are several uranium, molybdenum, and thorium showings on the project, which remains highly prospective for both basement-hosted uranium, pegmatite U-Th-REE, and/or sediment-hosted Cu-Pb-Zn mineralization.

 

  Summary of Other Projects Available for Option:  

 

Skyharbour continues to successfully advance its prospect generator model, growing its landholdings and progressing early-stage uranium projects through strategic partnerships. These assets offer attractive, turn-key opportunities for joint venture and earn-in partners, and the Company is actively seeking new partners to advance them going forward.

 

   Foster Project:   

 

The drill-ready Foster property consists of 19 claims totalling 13,938 hectares, approximately 20 km southeast of Cameco’s Key Lake operation and adjoining the southwestern end of Skyharbour’s Falcon Project, which is currently optioned to North Shore Uranium. The Foster claims are situated in the Wollaston Domain just outside of the currently mapped extent of the Athabasca Basin, with several small outliers of sandstone located regionally in the area. The basement geology consists of Wollaston Supergroup psammopelite, calc-silicate, diorite, pelitic gneiss and graphitic pelitic gneiss, accompanied by minor felsic orthogneisses.

 

  Foster Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Foster_2025_07.jpg   

 

The Foster Project contains numerous uriniferous occurrences, with the two most significant being the Great Plains Showing and the Red October Zone. At the Great Plains Showing, intense alteration and shearing in association with vein-hosted pitchblende mineralization were discovered during early exploration in the area between the 1960’s and 1980’s. A comprehensive follow-up was recommended but failed to occur due to changing uranium market fundamentals post-discovery. Another mineralized zone, the Red October Zone, was discovered in 2008 by Eagle Plains and consists of a 400 m intermittent uranium and REE-mineralized outcrop within a 1 km coincident soil geochemical and ground magnetic anomaly. The Red October Zone was drill-tested in 2012, with all six holes encountering anomalous uranium and REEs.

 

Elsewhere on the broader property package, prospective graphitic pelitic gneiss packages are exposed at the surface, and there are several other uraniferous occurrences, which often also host elevated REEs and/or thorium. Samples collected on the property returned up to 657 ppm U, 6,644 ppm TREE, and 344 ppm Th. Significant untested potential exists on the Foster project for basement-hosted, unconformity-related uranium deposits like those further to the north in the Wollaston Domain, like Eagle Point, Rabbit Lake and Key Lake, as well as for additional pegmatite-hosted uranium, thorium, and REE mineralization. The project is drill-ready, with numerous untested and highly prospective targets remaining.

 

   Brassy Project:   

 

The Brassy Project comprises two claims covering 9,896 hectares. The claims are underlain by the Athabasca Group sandstones, with thicknesses ranging from less than 80 metres to just over 200 metres. Several historical and modern EM conductors are present on the property, situated along trend of EM conductors extensively drill tested by SMDC, JNR Resources Inc., and ALX Resources Corp. on the adjacent Newnham property.

 

The Brassy project underwent a variety of geophysical surveys, prospecting, geochemical surveys, and geological mapping between 1969 and 1983, followed by a multi-decade pause in exploration due to poor uranium market conditions. Between 2005 and 2011, improved market conditions led to portions of the Brassy project being covered by modern EM, magnetics, radiometrics, and gravity surveys. However, no modern ground exploration has been conducted to date. The property remains highly prospective for unconformity-related uranium mineralization.

 

   Orr Project:   

 

The Orr project comprises one claim totalling 5,987 ha located in the northern Athabasca Basin, approximately 46 km southeast of the community of Black Lake. The project is underlain by approximately 160 to 320 metres of Athabasca Group sandstones and conglomerates, which overlie the Mudjatik Domain’s metasedimentary and granitoid gneisses. A series of discontinuous east-to-north-east trending EM conductors have been identified on the property, which are locally cross-cut by several NNW-trending regional faults.

 

  Orr Project Map:  
  https://bmcms1.com/staging/skyharbourltd.com/_resources/images/Sky_Orr.jpg   

 

The property has been covered by a variety of airborne and ground geophysics including magnetics, EM, gravity, and radiometric surveys, with the most modern work consisting of airborne MEGATEM flown in 2006 and an airborne gravity survey in 2007 that covered the western portion of the property. To date, only two drill holes have been completed on the property, both located in the northeast corner, intersecting granitic rocks. The property remains prospective for both unconformity-related and basement-hosted uranium mineralization.

 

   Otter Project:   

 

The Otter Project comprises a single mineral claim totalling 4,838 hectares, located in the northern Athabasca Basin approximately 41 kilometres southeast of the community of Black Lake. The property is underlain by Athabasca Group sandstones and conglomerates, which unconformably overlie metasedimentary and granitic gneisses of the Mudjatik Domain.

 

Historical exploration on the Otter Project includes airborne and ground electromagnetic and magnetic surveys, as well as limited prospecting and geochemical sampling. Notably, a 2007 MEGATEM survey identified a zone of strong conductivity, interpreted to represent a graphitic fault zone, which is intersected by a north-northwest trending magnetic dyke. This target area remains untested by drilling. The Otter Project is prospective for both unconformity-related and basement-hosted uranium deposits.

 

  Otter Project Map:  
  https://bmcms1.com/staging/skyharbourltd.com/_resources/images/Sky_Otter.jpg   

 

   Pluto Bay Project:   

 

The Pluto Bay Project consists of four claims covering 13,026 hectares, located approximately 14 km north of the Athabasca Basin, just east of the Snowbird Tectonic Zone. Historical mapping in the 1960’s showed the claims are likely underlain by Archean tonalitic to granitic gneisses, with local Paleoproterozoic amphibolites, metaquartzites, calc-silicates, marbles, and pelitic, psammopelitic, and psammitic gneisses. Minimal exploration work has been undertaken on the property, but historical geophysical survey programs in the southwestern part of the property revealed the presence of EM conductors, which remain untested. The Pluto Bay project is prospective for basement-hosted unconformity-related uranium mineralization. Also, it has the potential to host pegmatite-hosted U-Th-REE mineralization, similar to that at the nearby Charlebois Lake uranium-rich pegmatite.

 

   Riou Project:   

 

Riou consists of 8,620 hectares over six claims in the north-central portion of the Athabasca Basin and is underlain by the Athabasca Group sandstones and conglomerates. The sandstone is estimated to be 200 to 300 metres thick in this area and overlies basement rocks of the Archean-aged Tazin Gneiss Group. The property lies south of a significant east-northeast-trending magnetic lineament, indicative of a significant crustal offset in this area. Several discrete EM conductors totalling nearly 40 kilometres of strike length have been identified on the property, coinciding with magnetic lows and geochemically anomalous boulders. A major swarm of EM conductors is also present in the northwestern extent of the property. Historical exploration on adjacent claims immediately north of the project identified outcrop occurrences ranging from 72 to 375 ppm U, 3 to 7 ppm Th, and up to 8.24% P 2 O 5 . These highly anomalous values underscore the prospectivity of the area for uranium exploration.

 

   Bend, Regamble, Hartle, and Compulsion Projects:   

 

The Bend, Hartle, Regamble, and Compulsion projects are a series of early-stage exploration properties located in the eastern Wollaston Domain of northern Saskatchewan, approximately 40 to 70 kilometres east of the Athabasca Basin margin. The Bend Project comprises two claims totalling 9,114 hectares; Compulsion consists of two claims totalling 10,451 hectares; Hartle includes ten claims totalling 52,518 hectares; and Regamble encompasses five claims covering 24,208 hectares.

 

These projects were staked based on historical geological mapping in the area by the Saskatchewan Geological Survey, which showed that the Bend, Hartle, Regamble, and Compulsion projects are underlain by highly prospective Wollaston Group metasedimentary gneisses, including graphitic pelitic gneisses alongside the margins of Archean granitoid-gneiss domes, a prime target location for basement-hosted, unconformity-related uranium deposits in the Athabasca Basin.

 

While the Bend, Hartle, Regamble, and Compulsion projects were the focus of significant uranium and base metal exploration from the 1960’s through the 1980’s, primarily by SMDC (a precursor to Cameco), modern exploration has been limited. More recent work includes partial coverage by XDS-VLF-EM, DIGHEM, and radiometric surveys conducted in 2007 and 2014, which identified EM conductors across several areas of the properties. Historical exploration also encountered anomalous concentrations of copper, graphite, iron, and uranium, particularly in the Hartle Lake and Regamble Lake areas, where highly radioactive basement outcrops were observed. These projects are considered prospective for multiple mineralization styles, including basement-hosted, unconformity-related uranium, pegmatite-hosted U-Th-REE, and sedimentary-hosted Cu-Pb-Zn mineralization.

 

   Pendleton Project:   

 

The Pendleton Project comprises three newly acquired claims totaling 3,890 hectares, located approximately 70 kilometres southeast of Cameco’s Key Lake Operation and 114 kilometres northwest of the community of Southend. The project is situated along the Needle Falls Shear Zone at the intersection of the eastern Wollaston Domain and the western Peter Lake Domain. It is underlain by Wollaston Supergroup metasedimentary rocks, including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks associated with the Needle Falls Shear Zone. Additionally, Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex are present on the property.

 

  Pendleton Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Pendleton_2025_07.jpg   

 

Initial exploration on the Pendleton Project was carried out during the 1970’s and 1980’s and included airborne magnetic, radiometric, and electromagnetic surveys, as well as prospecting and geochemical sampling. More recent exploration activities included an airborne GEOTEM survey in 2004, followed by ground-based prospecting and geochemical sampling. In 2007, a ground HLEM survey was completed, leading to the drilling of a single hole, PL-003. This drill hole intersected faulted and sheared graphitic pelitic gneiss that returned anomalous values in several key pathfinder elements. The Pendleton Project is considered prospective for basement-hosted unconformity-related uranium deposits, as well as pegmatite-hosted U-Th-REE and sedimentary-hosted Cu-Pb-Zn mineralization.

 

  Marketing Agreement with Outside the Box Capital:  

 

Skyharbour also announced that it has entered into a marketing contract with Toronto-based marketing firm, Outside The Box Capital Inc. (‘OTBC’). OTBC specializes in various social media platforms and digital marketing strategies, and will be able to facilitate greater awareness and widespread dissemination of the Company’s news. In accordance with the agreement, services are set to commence on August 5 th , 2025, and run for a term of four months, in consideration of the Company paying OTBC an up-front cash fee of CAD $100,000 plus applicable taxes. OTBC owns no securities of the Company as of the date hereof and is arm’s length to the Company. The engagement of OTBC remains subject to TSX Venture Exchange approval.

 

  Qualified Person:  

 

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

 

  About Skyharbour Resources Ltd.:  

 

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

 

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

 

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

 

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

 

  Skyharbour’s Uranium Project Map in the Athabasca Basin:  
  https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v1.jpg   

 

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at   www.skyharbourltd.com   .

 

 Skyharbour Resources Ltd. 

 

‘Jordan Trimble’
  
Jordan Trimble
President and CEO

 

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd. 
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email:   info@skyharbourltd.com   

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

 

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at   www.sedar.com   for further information.

 

 

 

 

 

   

 

 

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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that it has entered into an arm’s length engagement agreement (the ‘Agreement’) dated July 25, 2025, with FMI Securities Inc. (‘FMIS’), an Ontario-registered Exempt Market Dealer, and FM Global Markets Inc. (‘FMGM’), a FINRA-registered U.S. dealer (together with FMIS, the ‘Agents’). Under the Agreement, the Agents will act as exclusive corporate finance advisors and placement agents on a best-efforts basis to LaFleur Minerals for a proposed secured debt financing of up to CAD $5,000,000 (the ‘Debt Financing’) for the purpose of restarting gold production at the Beacon Gold Mill, located in Val d’Or, Quebec, Canada.

The proposed Debt Financing is intended to support the advancement of the Company’s restart and commissioning of its 100%-owned Beacon Gold Mill in Val-d’Or, Québec. The term of the engagement is 180 days and may be terminated earlier by either party with written notice. The Company confirms that no securities have been issued or will be issued to the Agents in connection with the Agreement or the provision of the Agent’s services thereunder. As compensation for their services, the Agents will receive a non-refundable work fee of CAD $25,000 payable in cash upon signing of the agreement and will receive a 4% cash commission on gross proceeds raised from lenders introduced by the Agents and a 2% reduced cash commission for closings involving pre-approved parties on the Company’s exclusion list. A break fee of CAD $50,000 payable in cash is due if a secured debt financing is completed without the Agents during the agreement term.

NON-BROKERED PRIVATE PLACEMENT OF LIFE AND CHARITY FLOW-THROUGH UNITS

LIFE Offering

The Company also announces a non-brokered private placement offering of up to 6,000,000 units of the Company (the ‘Units‘) at a price of $0.48 per Unit gross proceeds of up to $2,880,000 (the ‘LIFE Offering‘). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share‘) and one (1) Common Share purchase warrant (a ‘Warrant‘) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘Warrant Share‘) at a price of $0.75 at any time on or before 24 months from the Closing Date (defined below). The Warrants will be subject to an accelerated expiry upon thirty (30) business days’ notice from the Company in the event the closing price of the Common Shares on the Canadian Securities Exchange (the ‘CSE‘) is equal to or above a price of $0.90 for fourteen (14) consecutive trading days any time after closing of the Offering.

The gross proceeds from the LIFE Offering will be used for the advancement of exploration initiatives at the Company’s Swanson Gold Project and for operational purposes at the Beacon Gold Mill, in addition to working capital and general corporate expenses.

The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.

The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the ‘Offering Document‘) related to the LIFE Offering that can be accessed under the Issuer’s profile at www.sedarplus.ca and at the Company’s website at www.lafleurminerals.com. Prospective investors should read this Offering Document before making an investment decision.

The Company has also agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the LIFE Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units sold under the LIFE Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the Closing Date.

Charity Flow-Through (FT) Offering

The Company also intends to offer up to 3,750,000 charity flow-through units of the Company (the ‘Charity FT Units‘) at a price of $0.69 per Charity FT Unit for gross proceeds of up to $2,587,500 (the ‘Charity FT Offering‘). Each Charity FT Unit will consist of one (1) Common Share to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) (each, a ‘Charity FT Share‘) and one (1) Warrant which shall have the same terms as the Warrants included in the Units to be issued in the LIFE Offering.

The gross proceeds from the issuance and sale of the Charity FT Units will be used on the Company’s Swanson Gold Project to incur ‘Canadian Exploration Expenses’ as such term is defined under subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as ‘flow-through mining expenditures’ as defined in subsection 127(9) of the Income Tax Act (Canada) (or would so qualify if the references to ‘before 2026’ in paragraph (a) of the definition of ‘flow-through mining expenditure’ in subsection 127(9) of the Tax Act were read as ‘before 2027’ and the references in paragraphs (c) and (d) of that definition to ‘before April 2025’ were read as ‘before April 2026’). The qualifying expenditures will be incurred on or before December 31, 2026, and will be renounced to the subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the Charity FT Shares.

All securities issued in connection with the Charity FT Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

The closing of the LIFE Offering and Charity FT Offering is expected to occur on or about August 15, 2025 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the closing of the LIFE Offering and the Charity FT Offering, and the anticipated use of proceeds from the LIFE Offering and the Charity FT Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260636

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Here’s a quick recap of the crypto landscape for Wednesday (July 30) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$117,896, down by 0.3 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,398, while its lowest valuation was US$117,757.

Bitcoin price performance, July 30, 2025.

Chart via TradingView

Market sentiment remains cautious as investors await two key developments: the White House’s crypto policy report, required under a Trump executive order from January, and the Federal Reserve’s interest rate decision. Both are expected later today and could significantly sway crypto markets.

Ethereum (ETH) was priced at US$3,778.51, down by 1 percent over the past 24 hours. Its lowest valuation as of Wednesday was US$3,730.12, and its highest was US$3,827.40.

Altcoin price update

  • Solana (SOL) was priced at US$178.57, down by 1.7 percent over 24 hours. Its lowest valuation on Wednesday was US$177.01, and its highest was US$182.20.
  • XRP was trading for US$3.09, down by 1 percent in the past 24 hours. Its lowest valuation of the day was US$3.05, and its highest valuation was US$3.15.
  • Sui (SUI) is trading at US$3.76, down 2.1 percent over the past 24 hours. Its lowest valuation of the day was US$3.69, and its highest was US$3.85.
  • Cardano (ADA) was trading at US$0.7663, down by 2.8 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7543, and its highest was US$0.7878.

Today’s crypto news to know

Ethereum marks a decade since launch

Ethereum marked its 10th anniversary on July 30 with growing corporate interest in Ether as a potential treasury reserve asset.

The Ethereum network launched in 2015 and has since maintained uninterrupted uptime, becoming the backbone of the decentralized finance (DeFi) movement. In the lead-up to the anniversary, Ether’s price approached US$4,000, driven in part by renewed institutional inflows and growing confidence in the asset’s long-term utility.

The Ethereum Foundation will commemorate the milestone by issuing celebratory NFTs and organizing more than 100 events globally.

A live broadcast featuring Vitalik Buterin, Joseph Lubin, and Tim Beiko will also be hosted to reflect on the network’s origins and future direction.

Trump Working Group calls for aggressive federal action on crypto markets

A White House-appointed working group on digital asset markets has released a sweeping set of recommendations to overhaul US crypto policy, according to a preview.

The group, established under an executive order by Donald Trump in January, urged Congress to pass the Digital Asset Market Clarity Act and called on regulators to use existing powers to support immediate crypto market growth.

The report recommends that the Commodity Futures Trading Commission be granted broader oversight over spot markets for non-security tokens and that safe harbor provisions be used to accelerate product launches.

It also advises federal banking regulators to clarify permissible crypto-related bank activities and modernize capital rules to reflect token-based risks.

The Trump administration said the proposals would help ensure US leadership in the “blockchain revolution” and usher in a “Golden Age of Crypto.”

JPMorgan to let Chase customers buy Crypto via Coinbase

JPMorgan Chase (NYSE:JPM)has announced a major partnership with Coinbase that will allow Chase credit card users to purchase cryptocurrencies directly from the exchange.

The service is expected to roll out in fall 2025, with full account-linking functionality available by 2026. Customers will also be able to redeem Chase credit card reward points for USDC, a stablecoin pegged to the US dollar.

The move marks a notable shift in the firm’s stance toward crypto, going from a cautious observer to an active participant in retail-focused blockchain infrastructure.

With crypto’s total market cap recently crossing US$4 trillion, large banks are now racing to integrate digital asset capabilities into their core offerings.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that Strand Hanson Limited has been appointed as its UK Financial Adviser.

This engagement marks a significant step as Homerun evaluates a potential dual listing on the international commercial companies secondary listing segment of the FCA’s Official List, and admission to trading on the Main Market of the London Stock Exchange (LSE).

Strand Hanson Limited is a leading independent financial advisory firm based in London, known for its expertise in corporate finance and capital markets. With a strong track record in advising growth companies, particularly in the natural resources and energy sectors. Their extensive experience in advising international companies on LSE listings brings valuable insight to Homerun’s growth objectives and ambition to increase its global investor base.

Homerun is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions.

The decision to pursue a dual listing on the London Stock Exchange supports Homerun’s strategy of expanding its capital markets presence, improving share liquidity, and enhancing visibility with institutional and retail investors worldwide. London, as one of the world’s premier financial centers, offers unparalleled access to international capital and a diverse range of sophisticated investors.

This move will position Homerun to:

  • Broaden its shareholder base beyond North America.
  • Access deeper pools of capital and improve funding flexibility.
  • Enhance the Company’s brand recognition in the UK and European markets.
  • Attract high-caliber institutional investors who are active on the LSE.
  • Offer investors increased trading flexibility, transparency, and regulatory standards associated with London’s Main Market.

Commenting on the partnership, CEO, Brian Leeners, stated: ‘We are excited to welcome Strand Hanson Limited as our UK Financial Adviser. Their proven track record and expertise with London listings will be instrumental as we assess the merits of a dual listing on the Main Market of the London Stock Exchange, aligning with our objectives to create greater value for our shareholders.’

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

  • Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

  • Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of

Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

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/260662

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July 29 (Reuters) – Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country’s first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the U.S.

If approved, the deal would be the largest-ever buyout in the sector and combine Union Pacific‘s stronghold in the western two-thirds of the United States with Norfolk’s 19,500-mile network that primarily spans 22 eastern states.

The two railroads are expected to have a combined enterprise value of $250 billion and would unlock about $2.75 billion in annualized synergies, the companies said.

The $320 per share price implies a premium of 18.6% for Norfolk from its close on July 17, when reports of the merger first emerged.

The companies said on Thursday they were in advanced discussions for a possible merger.

The deal will face lengthy regulatory scrutiny amid union concerns over potential rate increases, service disruptions and job losses. The 1996 merger of Union Pacific and Southern Pacific had temporarily led to severe congestion and delays across the Southwest.

The deal reflects a shift in antitrust enforcement under U.S. President Donald Trump’s administration. Executive orders aimed at removing barriers to consolidation have opened the door to mergers that were previously considered unlikely.

A Norfolk Southern freight train passes through Homestead, Pa.Gene J. Puskar / AP file

Surface Transportation Board Chairman Patrick Fuchs, appointed in January, has advocated for faster preliminary reviews and a more flexible approach to merger conditions.

Even under an expedited process, the review could take from 19 to 22 months, according to a person involved in the discussions.

Major railroad unions have long opposed consolidation, arguing that such mergers threaten jobs and risk disrupting rail service.

“We will weigh in with the STB (regulator) and with the Trump administration in every way possible,” said Jeremy Ferguson, president of the SMART-TD union‘s transport division, after the two companies said they were in advanced talks last week.

“This merger is not good for labor, the rail shipper/customer or the public at large,” he said.

The companies said they expect to file their application with the STB within six months.

The SMART-TD union‘s transport division is North America’s largest railroad operating union with more than 1,800 railroad yardmasters.

The North American rail industry has been grappling with volatile freight volumes, rising labor and fuel costs and growing pressure from shippers over service reliability, factors that could further complicate the merger.

Union Pacific‘s shares were down about 1.3%, while Norfolk fell about 3%.

The proposed deal had also prompted competitors BNSF, owned by Berkshire Hathaway BRKa.N, and CSX CSX.O, to explore merger options, people familiar with the matter said.

Agents at the STB are already conducting preparatory work, anticipating they could soon receive not just one, but two megamerger proposals, a person close to the discussions told Reuters on Thursday.

If both mergers are approved, the number of Class I railroads in North America would shrink to four from six, consolidating major freight routes and boosting pricing power for the industry.

The last major deal in the industry was the $31-billion merger of Canadian Pacific CP.TO and Kansas City Southern that created the first and only single-line rail network connecting Canada, the U.S. and Mexico.

That deal, finalized in 2023, faced heavy regulatory resistance over fears it would curb competition, cut jobs and disrupt service, but was ultimately approved.

Union Pacific is valued at nearly $136 billion, while Norfolk Southern has a market capitalization of about $65 billion, according to data from LSEG.

(Reuters reporting by Shivansh Tiwary and Sabrina Valle, additional reporting by Abhinav Parmar, Nathan Gomes and Mariam Sunny; Reuters editing by Sriraj Kalluvila, Pooja Desai, Dawn Kopecki and Cynthia Osterma)

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‘The uranium story itself is finally getting better… the near perfect storm is here.’ he said, noting that all the factors that should drive electrical demand higher are merging, particularly electrification and AI data center needs.

‘I don’t think uranium has to go to US$200 in order to make money,” said Grandich. I just think it needs to go back to where it was a couple years ago, a little above US$100 and these stocks will quadruple.’

Watch the interview above for more from Grandich on the energy sector and gold’s 2025 performance.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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After spiking above US$20,000 per metric ton in May 2024, nickel prices have experienced a downward trend, mainly remaining in the US$15,000 to US$16,000 range.

Indonesia’s elevated production levels have been a primary factor contributing to low commodity prices, as sustained high output continues to oversupply the market. The supply surplus has had a knock-on effect, putting pressure on Western producers who have been forced to slash their production to maintain profitability.

Elevated output coincides with electric vehicle (EV) demand, which is under threat as market uptake has slowed, and policy changes in the United States are expected to increase costs for consumers and lower sentiment for the vehicles.

Nickel sinks to 2020 lows

Commodity prices crashed at the start of the quarter, with nickel falling to a five-year low, reaching US$14,150 per metric ton on April 8. However, prices quickly recovered from the rout and reached US$15,880 on April 24.

The end of April saw the price once again retreat to US$15,230 as downward trend indications began to take hold. The price through May was largely rangebound, starting the month rising to US$15,850 on May 9 before collapsing again to US$15,085 on May 27.

Nickel price chart, April 01 to July 24, 2025

via TradingEconomics

June started with a short-lived rebound to US$15,510 on June 2, before falling to below the US$15,000 mark to reach US$14,840 on June 24. Since then, the price experienced some upward momentum, reaching US$15,575 on July 23.

Supply surplus causing price pressures

In a presentation at the Indonesian Mining Conference on June 30, Ricardo Ferreira, Director of Market Research and Statistics at the International Nickel Study Group (INSG) outlined the current state of the nickel market.

He suggested that high output from Indonesian miners continued to exert downward price pressures on nickel over the last several years, resulting in a decline from an average price of US$30,425 per metric ton in 2022 to an average of US$15,000 per metric ton during the first five months of 2025.

Meanwhile, combined inventories on the London Metals Exchange (LME) and the Shanghai Futures Exchange (SHFE) have exploded from 38,200 metric tons at the end of May 2023 to 230,600 metric tons at the end of April 2025.

This coincides with a 15.1 percent increase in global nickel production in 2023 and a 2.3 percent increase in 2024. The expectation is that nickel output will surge an additional 8.5 percent in 2025, with a significant portion to come from Indonesia, whose share is forecast to grow to 63.4 percent from 61.6 percent in the previous year.

The demand outlook

However, demand has not kept pace with the increase in production. Ferreira stated that demand increased by 7.8 percent in 2023, 4.8 percent in 2024, and is expected to grow by 5.7 percent in 2025.

Stainless steel has been the primary driver of nickel demand for decades. Still, Olivier Masson, Principal Analyst for Battery Raw Materials at Fastmarkets, predicts a changing demand landscape over the next couple of years.

During his CAM Minerals Market Forecast at the Fastmarkets LBRM Las Vegas conference on June 22 to 25, Masson provided insight into why he believes the current oversupply situation will begin to shift by 2027.

Currently, nickel’s primary demand driver is in the production of stainless steel, accounting for just over 2 million metric tons per year. However, the expectation is that between now and 2035, total demand for nickel will increase by 2 million tons, with stainless production accounting for just 564,000 metric tons. A compound annual growth rate (CAGR) of 2 percent.

“We expect to see more end-of-life scrap being generated within China, and then that should start slowing down the growth requirements for primary nickel in the Chinese stainless-steel industry,” Masson explained.

The remaining demand is predicted to come from a 12.8 percent, or 1.4 million metric ton, increase from the EV sector.

“Most of this growth will come from pure EV, so pure battery electric vehicles, where we expect sales growth of over 30 million vehicles… But we still expect an increase in plug-in hybrids with an additional 11.5 million vehicle sales over the next decade,” Masson said.

He went on to say that over that time, supply is expected to grow at a slower rate, with the majority owed to increases in nickel sulphate destined for battery manufacturing.

“So what does that mean for the balance for the nickel market? Well, the nickel market has been oversupplied for the past couple of years. We expect that to continue this year and for the next few years. So we are in a state of structural oversupply. That said, its only by around 2027 or 2028 that we think the market will start to return to a semblance of Balance,” Masson explained

In the long term, he stated that an additional 750,000 metric tons will be needed by 2035, which he doesn’t see as a significant problem.

Production curtailments continue

With the market currently experiencing a supply glut, more producers have taken to curtailing production or shuttering operations.

Since 2024, there have been closures of significant operations, including First Quantum’s (TSX:FM,OTC:FQVLF) Ravensthorpe and Panoramic Resources’ Savannah operations in Australia and Glencore’s (LSE:GLEN,OTC Pink:GLCNF,OTC:GLCNF) Koniambo Nickel mine in New Caledonia.

Likewise, Refiners have also been under pressure as BHP (ASX:BHP,NYSE:BHP,LSE:BHP,OTC:BHPLF) suspended operations at its Nickel West refinery in Australia until 2027, and Sibanye Stillwater (NYSE:SBSW) repurposed its Sandouville nickel refinery in France to produce precursor cathode active material during the first half of 2025.

According to INSG data, 32 percent of global nickel production lines are currently offline.

One of the few companies to buck the trend was Vale (NYSE:VALE), which announced a 44 percent year-over-year increase in nickel production in its Q2 2025 report released on July 22. The report indicated that nickel output rose to 40,300 metric tons from 27,900 during the same quarter last year. The company said gains were driven by strong performance from its Canadian assets and the Onca Puma mine in Brazil.

While there was some speculation that Indonesia may reduce its output, no cuts have materialized, which has in part led Australian investment bank Macquarie to downgrade its nickel outlook to US$14,500 per metric ton by the end of the year, from the US$15,500 it predicted at the end of Q1.

The impact of trade uncertainty

Base metals were caught up as part of the fallout from Donald Trump’s “Liberation Day” announcement on April 2. The move applied a 10 percent across-the-board baseline tariff to all but a handful of countries and threatened to impose more significant retaliatory tariffs starting on April 9.

However, a steep US$6.6 trillion sell-off in equity markets and a squeeze in the bond market that sent yields for 10-year Treasuries up more than half a percent caused the US administration to walk back its plans. Instead, it announced a 90-day pause on the higher tariff rate and stated that it would work to negotiate new trade agreements.

The commodity price rout came as more analysts began to speculate about a recession later in 2025, which would reduce consumer spending on steel-dependent goods, such as light vehicles and new home builds.

In statements made during S&P Global’s State of the Market: Mining Q1’ 25 webinar on May 14, Naditha Manubag, Associate Research Analyst of Metals and Mining Research, suggested that nickel is likely to experience headwinds from the evolving trade policy in the United States.

“We expect nickel prices to remain volatile in the near term as the Trump administration’s trade policies continue to evolve. Forecast for 2025 global primary nickel demand is lowered to 2.8 percent year-over-year due to the expected slowdown in global economic activity,” she said.

Manubag said the slowdown would have a negative impact on demand for Chinese consumer goods, which would come alongside a rising Indonesian mining quota in 2025. Although prices spiked in March, she explained that it was due to tight supplies from the rainy season and increased royalty rates.

Manubag suggested that S&P’s overall expectation is that the nickel market will be in a surplus of 198,000 metric tons in 2025. As a result, the organization has lowered its nickel price forecast to US$15,730 per metric ton.

It’s more than just US tariffs that are expected to weigh on nickel prices in the short term. When Donald Trump signed the “One Big Beautiful” spending bill into law on July 4, it marked an end to the federal EV tax credit and other tax credits aimed at expanding charging infrastructure, a cornerstone of the Inflation Reduction Act.

The consumer credit was meant to provide a US$7,500 rebate toward the purchase of new EVs, and is expected to have an impact on overall demand when it expires on September 30.

Although the majority of nickel’s demand comes from the production of stainless steel, the growing demand from EV battery production has provided additional tailwinds; however, a decline in EV demand could impact future demand growth.

“If and when this bill is passed, a slowdown of EV uptake is expected to lead to higher EV prices and slower rollout of charging infrastructure,” Manubag said.

The big picture for investors

Currently, the easiest way to sum up the nickel market is that it’s widely disliked. The fundamentals aren’t there. A significant portion of nickel is being produced at a loss.

“You know, nickel is hated right now. I think there’s a decent case for nickel, just like when we went into platinum, right? Platinum did nothing for a decade; it just hung around US$900 to US$1,000, and now we’ve finally broken out… You have no idea when, but buy it when it’s boring. At US$900, no one cares, and then you get to ride the wave up. So I think that would be it. Pay attention to what’s unloved and hated and buy that,” he said.

Others in the investment community have expressed a similar sentiment. Although fundamentals for nickel are currently lacklustre, demand, especially from the automotive sector, is expected to grow over the next 10 years.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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