Author

admin

Browsing

(TheNewswire)

Highlights:

  • Surface sampling above the Pinos Cuates and Dos de Mayo mines has extended high-grade gold-silver mineralization over a vertical distance of up to 80 metres

  • Silver grades of 2,280 g/t and 1,444 g/t at surface imply a potential vertical zonation with silver increasing upwards in the system

  • A newly defined mineralized vein called El Capulin lies parallel to, and approximately 200 metres away from, the Dos de mayo vein and has been traced and sampled for approximately 375 metres along strike with grades up to 6.27 g/t Au and 99 g/t Ag

  • The identification of El Capulin and the vertical extension of gold-silver mineralization have significantly increased the potential of the project

‘We are extremely pleased with how the combination of underground and surface sampling is coming together to define a strong, well-defined and high-grade vein system at El Potrero ,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘On the Dos de Mayo trend, the higher silver grades at surface continue to suggest there may be some vertical zonation, with silver increasing upwards.  As one moves uphill to El Capulin, the continued presence of gold-silver mineralization up to 1720 masl infers that mineralization here could extend downwards to similar levels seen on the Dos de Mayo structure, or a vertical distance of approximately 200 metres.  These observations are consistent with low sulphidation systems in the Topia District and elsewhere in Mexico and bode well for the potential to develop significant zones of mineralization.’

Above the Dos de Mayo mine, the previously announced ( June 2, 2025 ) 13.2 g/t Au and 2,280 g/t Ag over 0.30 metres is accompanied by a new grab sample assaying 9.9 g/t Au and 1,444 g/t Ag over 0.35 metres .  These, and other samples, effectively extend the mineralization from an elevation of 1490 masl (metres above sea level) to 1570 masl, a vertical distance of 80 metres (see Longitudinal Section below).  Above the Pinos Cuates mine, surface channel sampling returned up to 37.4 g/t Au and 755 g/t Ag over 1.2 metres , while sampling in a small underground working called El Jabali returned up to 36.4 g/t Au and 1,029 g/t Ag over 1.4 metres , together defining a vertical distance of 45 metres from 1520 masl to 1565 masl.  There is an unexplored gap of approximately 120 metres between the Dos de Mayo and Pinos Cuates mines where there is no outcrop exposure or underground workings, but the two mines define a strike length of approximately 325 metres.


Click Image To View Full Size

Fig. 1:  Longitudinal Section of the Dos de Mayo – Pinos Cuates Area

The El Capulín vein is a northwest-southeast-trending structure and has been mapped along a 375 m strike, about the same length defined by the Dos de Mayo and Pinos Cuates mineralization, interrupted and displaced by a northeast-trending fault (see plan map below).  In contrast to the breccia vein on the Dos de Mayo trend, it is a crystalline quartz vein with bands of lattice bladed quartz.  It has an azimuth of 325° with a dip of 65° to 85° NE and width of 45 to 60 cm, or it may appear as a zone of 1 to 5 cm-wide quartz veinlets with a lattice bladed texture, with azimuth of 320°, dip of 80°NE and width of up to 2 metres.

To date, 36 samples have been taken on El Capulin, with the highest value being 6.27 g/t Au and 99 g/t Ag and the lowest being 0.117 g/t Au.  To date, the assay results are more consistent than in the Dos de Mayo vein, probably due to its crystalline rather than brecciated texture.  A notable point about this structure is that it is located at an elevation of 1640 to 1680 masl (metres above sea level) in the SE segment and up to 1720 masl in the NW segment, a vertical distance of up to 80 metres.  If mineralization extends downward to the 1500 masl level seen at Dos de Mayo then there is considerable potential to discover additional mineralization.

Underground mapping and sampling is continuing at the historic La Dura mine to the northwest of Pinos Cuates, and any mineralization here would effectively extend the strike length of the Dos de Mayo vein for another 150 metres, for a total strike length of approximately 500 metres.  Mapping of limited outcrop has traced the vein for a strike length of 1,600 metres to date.


Click Image To View Full Size

Fig 2:  Plan Map of the Main Dos de Mayo and El Capulin Areas Showing Gold Values From Surface Sampling

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

Systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  Grab samples, by their nature, are only considered as indicative of local mineralization and should not be considered as representative.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  Surface rights covering the plant and mine area are privately owned (no community issues).

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Terra Clean Energy CORP. (‘ Terra ‘ or the ‘ Company ‘) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF FSE: C 9O0) is pleased to announce that, further to its press release dated September 16, 2025, it has entered into definitive agreements with arm’s length parties to acquire up to a 100% interest in each of the Wheel Anne Claims and the Green Vein Mesa Claims (each of the properties are located in Emery County, Utah, United States).

‘The quick execution of the agreements shows the Company’s commitment and excitement to these assets and to our already significant portfolio of low-risk uranium assets in world renowned uranium basins’ state Greg Cameron, CEO of Terra. ‘Our plan is to have our team on the ground in Utah in the coming weeks working closely with our local partner.’

To earn its respective interests in each of the Wheal Anne Claims and the Green Vein Mesa, the Company would be required to make the following cash payments, common share issuances and incur exploration expenditures on the respective claims as follows:

Wheal Anne Claims

Cash Payment Share Issuance Exploration Expenditures
To earn a 20% interest USD$20,000 on the Effective Date 500,000 common shares within five business days of the Effective Date Incur USD$100,000 in expenditures on or before the 1 st year anniversary of the Effective Date
To earn a 40% interest Additional USD$33,333 on or before the 1 st year anniversary of the Effective Date Additional 500,000 common shares on or before the 1 st year anniversary of the Effective Date Incur additional USD$33,333 in expenditures on or before the 2 nd year anniversary of the Effective Date
To earn a 60% interest Additional USD$46,666 on or before the 2 nd year anniversary of the Effective Date Additional 500,000 common shares on or before the 2 nd year anniversary of the Effective Date Incur additional USD$33,333 in expenditures on or before the 3 rd year anniversary of the Effective Date
To earn an 80% interest Additional USD$60,000 on or before the 3 rd year anniversary of the Effective Date Additional 500,000 common shares on or before the 3 rd year anniversary of the Effective Date Incur additional USD$33,334 in expenditures on or before the 4 th year anniversary of the Effective Date
To earn a 100% interest Additional USD$73,333 on or before the 4 th year anniversary of the Effective Date Additional 500,000 common shares on or before the 4 th year anniversary of the Effective Date Incur additional USD$33,333 in expenditures on or before the 5 th year anniversary of the Effective Date

** Subject to the retention by the Vendors of a two percent (2%) net royalty on the Wheal Anne Claims (the ‘ Wheal Anne Royalty ‘), with Terra Clean having the option to purchase fifty percent (50%) of the Wheal Anne Royalty at any time by making a total cash payment to the Vendors in the amount of USD$666,666.

Green Vein Mesa Claims

Cash Payment Share Issuance Exploration Expenditures
To earn a 20% interest USD$10,000 on the Effective Date 250,000 common shares within five business days of the Effective Date Incur USD$50,000 in expenditures on or before the 1 st year anniversary of the Effective Date
To earn a 40% interest Additional USD$16,667 on or before the 1 st year anniversary of the Effective Date Additional 250,000 common shares on or before the 1 st year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 2 nd year anniversary of the Effective Date
To earn a 60% interest Additional USD$23,334 on or before the 2 nd year anniversary of the Effective Date Additional 250,000 common shares on or before the 2 nd year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 3 rd year anniversary of the Effective Date
To earn an 80% interest Additional USD$30,000 on or before the 3 rd year anniversary of the Effective Date Additional 250,000 common shares on or before the 3 rd year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 4 th year anniversary of the Effective Date
To earn a 100% interest Additional USD$36,667 on or before the 4 th year anniversary of the Effective Date Additional 250,000 common shares on or before the 4 th year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 5 th year anniversary of the Effective Date

**  Subject to the retention by the Vendors of a two percent (2%) net royalty on the Green Vein Mesa Claims (the ‘ Green Vein Royalty ‘), with Terra Clean having the option to purchase fifty percent (50%) of the Green Vein Royalty at any time by making a total cash payment to the Vendors in the amount of USD$333,334.

The definitive agreements to acquire an interest in each of the Wheal Anne Claims and the Green Vein Mesa Claims remain subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange (with the ‘ Effective Date ‘ being the date that all such regulatory approvals have been received).

All securities issued in connection with these agreements would be subject to a four-month plus one day hold period from the date of issuance in accordance with applicable securities laws.

Marketing Agreements

Terra Clean is also pleased to announce that it has engaged the services of Green Crescent Capital (‘GCC’) to conceive and create marketing, advertising collateral and to develop and distribute digital content to increase awareness in the investment community in compliance with the policies and guidelines of the CSE Exchange and other applicable legislation. GCC will be paid a one-time fee of USD$5,000. The agreement between the Company and GCC was signed in September 2025 for a one-month term.  There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. GCC and its clients may acquire an interest in the securities of the Company in the future.

The Company has also engaged the services of OTCWagon (‘OTCW’) for a 38 day market awareness program in compliance with the policies and guidelines of the CSE Exchange and other applicable legislation. OTCW will be paid a one-time fee of C$7,500. The agreement between the Company and OTCW was signed in September 2025 for a 38-day term.  There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. OTCW and its clients may acquire an interest in the securities of the Company in the future.

About Terra Clean Energy Corp.

Terra Clean Energy is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project within the Fraser Lakes B Uranium Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as developing past producing Uranium mines in the San Rafael Swell Emery County, Utah, United States

ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

‘Greg Cameron’
Greg Cameron, CEO

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, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information 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, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca .

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

For further information please contact:

Greg Cameron, CEO
info@tcec.energy

Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) is pleased to announce that, further to the Company’s announcement on September 11, 2025 (the ‘Previous Announcement’) regarding the intended non-brokered private placement offering (the ‘Offering’) of up to 13,000,000 units (the ‘Units’) of the Company at a price of $0.10 per Unit for gross proceeds of up to $1,300,000, subject to regulatory approval, the Company now confirms that the aggregate amount of the Offering will be comprised of 22,000,000 Units at a price of $0.10 per Unit, by increasing the initial amount of the Offering of 13,000,000 Units by an additional $900,000 by issuing up to an additional 9,000,000 Units at $0.10 per Unit.

The additional net proceeds are intended to be used for exploration and development of the Company’s Maria Norte Au-Ag-Pb-Zn project in Peru, its existing Gerow Lake project in Northern Ontario and for general working capital purposes. All other terms remain unchanged from the Previous Announcement. The closing of the Offering remains subject to receipt of all necessary regulatory approvals, including approval by the TSX Venture Exchange (the ‘Exchange’).

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (September 24) 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$113,040, trading flat in the past 24 hours. Its lowest valuation of the day was US$111,369, while the cryptocurrency’s price peaked at US$113,176 as of Wednesday.

Bitcoin price performance, September 24, 2025.

Chart via TradingView

Bitcoin’s modest losses follow last week’s Federal Reserve meeting where the Fed cut its benchmark rate by 25 basis points (to 4.00–4.25 percent) but emphasized that this was a “risk management cut.”

The unwinding produced one of 2025’s biggest deleveraging events on Monday, producing a heavy sell-off worth nearly US$1.7 billion and a near-term correction rather than an immediate risk-on rally.

Bitcoin dominance in the crypto market is 56.27 percent, showing a slight rise week-on-week.

Meanwhile, Ether (ETH) has largely held in the $4,100–$4,200 range, currently at US$4,179.13 amid similar risk-off sentiment. Notably, analysts at Citigroup still see room for ETH to rise, reiterating a year-end ETH target of about US$4,300

Altcoin price update

  • Solana (SOL) was priced at US$212.53, a decrease of 3.2 percent over the last 24 hours. Its lowest valuation of the day so far was US$206.33, while its highest value was US$220.43.
  • XRP was trading for US$2.88, up by 0.4 percent in the past 24 hours. Its lowest valuation of the day was US$2.81 while its highest level was US$2.89.
  • Sui (SUI) was valued at US$3.40, up by 0.3 percent over the past 24 hours. Its highest price point on Wednesday was US$3.41, while its lowest was US$3.26.
  • Cardano (ADA) was priced at US$0.8227, trading flat over 24 hours. Its lowest value of the day was at US$0.7976, while its highest was US$0.8258.

Crypto derivatives analytics and market indicators

Total Bitcoin futures open interest was at 721.39K BTC, equivalent to US$84.19 billion, down by 0.05 percent over four hours but up 0.19 percent over 24 hours. The perpetual funding rate for BTC was at 0.0066 percent, while the ETH funding rate stood at 0.0025 percent.

Perpetual funding rates on BTC and ETH contracts remain slightly positive but have eased in recent days, reflecting a waning bullish bias.

At the same time, a major liquidation wave struck crypto markets: over US$1.8 billion of leveraged positions (mostly long) were wiped out in a single day as Bitcoin dipped below US$112,000 and Ether under US$4,150.

Despite the setback, analyst Tony Sycamore notes that this forced sell-off could clear weak holders: a retracement into the US$100–105k “buy zone” would flush out over-leveraged traders and pave the way for a year-end rally.

ETF Data

Institutional Bitcoin demand is now outpacing new issuance. Bitwise data shows that US spot Bitcoin exchange-traded fund (ETF) inflows far exceed new Bitcoin supply. Monday’s (September 15) Bitcoin ETF inflows were about US$260 million versus ETH’s US$360 million, followed by an uptick to US$292 million on Tuesday (September 16).

K33 and other data providers confirm last week’s 20,685 BTC net inflow helped U. spot BTC ETF holdings reach about 1.32 million BTC. Analysts point out ETF demand continues to outpace new supply, a structural support that matters even while short-term price action hiccups occur.

Fear and Greed Index snapshot

CMC’s Crypto Fear & Greed Index has remained firmly in neutral territory over the past week, but sentiment gauges have continued to cooled from its prolonged neutral positions.

The index currently stands around 39 (fear), dipping into ‘fear’ territory for the first time in 3 weeks.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap

Today’s crypto news to know

SEC opens door to new wave of crypto ETFs

The US Securities and Exchange Commission has streamlined its rules for launching crypto exchange-traded funds, paving the way for a flood of new products.

Asset managers are already filing for ETFs tied to Solana, XRP, and other tokens, which could arrive as early as October. Under the new framework, issuers no longer face a lengthy case-by-case review, cutting approval times from up to nine months to as little as 75 days.

Industry leaders say this will accelerate competition and lower barriers for investors seeking exposure to digital assets.

Grayscale was first to move, debuting a multi-coin ETF just two days after the rule change. Analysts anticipate that more launches will be announced before the year ends.

Tether targets US$500 billion valuation with record raise

Stablecoin giant Tether is reportedly seeking as much as US$20 billion from private investors in what could be one of the largest funding rounds in financial history, according to a Bloomberg report.

The raise would give the company a valuation near US$500 billion, putting it in the same league as global tech leaders like SpaceX and OpenAI.

Executives say the capital would fuel expansion beyond its core USDT stablecoin, into energy, AI, commodities trading, and communications. Tether’s flagship token dominates the market with a capitalization above US$173 billion, more than twice that of its nearest competitor USDC.

The firm is also preparing to relaunch a compliant US dollar stablecoin, USAT, under the country’s new regulatory framework.

Ethereum co-founder warns against ‘closed tech’ in public systems

Ethereum co-founder Vitalik Buterin has raised concerns that closed, proprietary technologies are consolidating power in ways that threaten open innovation.

In a recent blog post, he argued that closed systems across health care, identity, and civic infrastructure create environments ripe for monopolies and abuse.

Buterin urged wider adoption of “full-stack openness,” including stronger copyleft licensing that forces companies to share improvements to open-source software. He also called for transparency in hardware and biological monitoring, citing pandemic-era vaccine distribution as an example of inequality driven by centralized control.

His comments come as the Ethereum Foundation and Solana Policy Institute collectively pledged US$1 million in legal support for Tornado Cash developer Roman Storm.

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.

This post appeared first on investingnews.com

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to provide an update on ramp-up activities at the Beacon Gold Mill and Swanson Gold Deposit located in the Abitibi Gold Belt, near Val-d’Or, Québec, Canada.

Kal Malhi, Chairman of LaFleur Minerals commented, ‘LaFleur Minerals is blessed to have the fully updated and permitted Beacon Gold Mill, tailings storage facility (TSF), and nearby Swanson Gold Deposit with an open-pit constrained mineral resource estimate. This puts LaFleur Minerals in a unique category of a full-fledged near-term gold producer in the prolific Abitibi Gold District. This summer was a great period of development for the Beacon Gold Mill restart and the Swanson Gold Deposit ramp-up. The Beacon Gold Mill ramp-up is about completing maintenance of mill equipment, planning exploration and drilling near the historical Beacon Mine, and identifying the logistics and operational efficiency to restart gold production at the fully permitted and primed for restart Beacon Gold Mill, using mineralized material initially from our nearby Swanson Gold Deposit once permitting is complete. We also continue to drill aggressively on the Swanson Project and assay results are starting to come back from the lab.

BEACON MILL RESTART

LaFleur Minerals is quickly advancing to restart the Beacon Gold Mill and recently held a site visit of the Beacon Gold Mill, tailings storage facility (TSF), and the Swanson Gold Deposit on August 12, 2025, attended by Company Executives, Consultants, Institutional Investors and Mining Analysts. Response to the state of the Beacon Gold Mill, its proximity to within 20 minutes from the town of Val-d’Or, and the size of the TSF were extremely positive.

Earlier this year, LaFleur Minerals engaged Bumigeme Inc. to conduct an independent evaluation, who confirmed the state of readiness at the Beacon Gold Mill and the ability to restart within the estimated $5 million budget, and also provided a valuation opinion for the Beacon Gold Mill that stated the full replacement cost of a new mill and tailings storage facility combined with permitting costs exceeding C$71.5 million and taking over 3-4 years to complete, underscoring the strategic value of the Beacon Gold Mill.

In addition, LaFleur Minerals is finalizing the engagement of a full-service geological and mining consulting firm to provide a comprehensive PEA by the end of October 2025 that covers the full mining and economic viability of restarting gold production at the Beacon Gold Mill with mineralized material from the Swanson Gold Deposit.

SWANSON GOLD DEPOSIT DRILLING RESULTS

LaFleur Minerals is also pleased to report the receipt of the first high-grade gold assay results from its ongoing exploration diamond drilling program at its Swanson Gold Project (‘Swanson‘), strategically situated within the prolific Abitibi Gold Belt near Val-d’Or, Québec. To date, 24 drill holes totalling 5,283 metres have been completed with assay results available for six (6) of these drill holes. Several drill holes exhibit high-grade, near-surface assay intercepts which highlight the strong potential to expand shallow, open-pit mineral resources at the Swanson Gold Deposit. Results also indicate step-out drilling success that has extended mineralization significantly along strike, reinforcing both the scale and continuity of the system at Swanson.

The Swanson Gold Project is a district-scale, consolidated land package that stretches over 18,000 hectares and hosts extensive historical work with over 36,000 metres of historical drilling, and is potentially an ideal source of mineralized material for the Beacon Gold Mill, the Company’s near-term producing asset located only 60 km away. The large strike length, multiple high-grade targets and the potential to increase mineral resources suggest upside for growth at Swanson, validated by these initial assay results from the ongoing drilling program.

HIGHLIGHTS OF SWANSON DRILLING PROGRAM

  • High-grade, near-surface gold along strike of Swanson Gold Deposit:

    • 7.47 g/t Au over 1.35 metres (SW-25-033), located 1 km along strike southeast of the Swanson Gold Deposit

    • 7.68 g/t Au over 1.0 metres (SW-25-034), located 300 metres along strike northwest of the Swanson Gold Deposit

  • New high-grade gold discovery in the Bartec target area:

    • 17.80 g/t Au over 1.0 metres (SW-25-037) in addition to anomalous molybdenum (Mo) and copper (Cu) hosted in the Laflamme intrusion in the Bartec target area

The Company has completed its initial 5,000 metre drilling program, targeting priority areas identified through extensive historical data compilation and recent exploration work by the Company at the Swanson Gold Deposit, and Bartec, Jolin, and Marimac target areas (Figure 1). This includes priority drilling targets from over 50 promising areas identified to date. Based on these initial and encouraging drilling results, including both analytical and visual core observations, the Company is extending the current drilling program to approximately 7,500 metres.

Recent high-grade gold assay drilling results testing the strike extension of the Swanson deposit include 7.47 g/t Au over 1.35 metres near surface at a hole depth of 29.55 metres in hole SW-25-033 confirming gold mineralization approximately 1 km along strike to the southeast of the Swanson Gold Deposit. Hole SW-25-034 returned 7.68 g/t Au over 1.00 metre at a hole depth of 181.15 metres representing a step-out intersection 300 metres to the northwest and along strike of the Swanson Gold Deposit.

High-grade gold mineralization of 17.80 g/t Au over 1.0 metres with anomalous Mo and Cu hosted within the syenite/monzonite rocks of the Laflamme intrusion was intersected in hole SW-25-037 in the northern part of the Bartec target area. This represents a significant and different style of mineralization than that observed at the Swanson Gold Deposit, located 3 km to the northeast, opening up a new target type for exploration.

Paul Ténière, CEO of LaFleur Minerals stated, ‘Near-surface grades such as 7.47 g/t Au over 1.35 metres and 7.68 g/t Au over 1.0 metre reinforce the strong opportunity for additional shallow mineralization along strike to the Swanson Gold Deposit. With multiple mineralized zones intersected across both targets, we are building confidence in the scale and continuity of the gold system at Swanson. These assay results represent important step-outs at Swanson, extending known mineralization significantly along strike in both directions. The very encouraging intercept of 17.80 g/t Au over 1.0 metre with anomalous molybdenite and copper mineralization in the Laflamme intrusion demonstrates the high-grade gold potential and different style of mineralization in a new area near the Bartec target.

DRILLING PROGRAM SUMMARY AND SIGNIFICANT ASSAY RESULTS

The collar details for the 24 completed drill holes totalling 5,283 metres are shown in Table 1, and the significant assay results and drill hole locations are shown in Table 2 and Figure 2. True widths of the mineralized zones are unknown at this time. The Qualified Person (QP) is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the assay data disclosed in this news release.

In addition to assays pending from recently completed holes, the Company reports encouraging visual observations from the ongoing drilling program. Hole SW-25-038 intersected 17.9 metres of massive to semi-massive sulphides (predominantly pyrite) from 217.65 m to 235.55 m, bordered on both sides by tuffs with strong sericite alteration. Hole SW-25-043 cut zones of disseminated to stringer pyrite within dark grey quartz veinlets hosted in altered basalt with carbonate and sericite alteration between 144.20-145.75 m and 147.00-151.05 m downhole. Hole SW-25-046 intersected disseminated, stringer, and locally massive sulphides associated with graphitic shear zones between 126.6 m and 139.5 m downhole. Reported intervals represent core lengths, not true widths.

The Company cautions that visual estimates of sulphide abundance should not be considered a proxy for mineral content or grade. Laboratory assays are required to determine the presence and concentrations of gold or other metals, and assay results from these intervals are still pending.

The Company’s maiden diamond drilling program progresses with continued focus on testing regional exploration targets across the vast Swanson property including the Swanson, Bartec, Jolin, and Marimac targets. Additional holes are currently being logged, sampled, and submitted to the laboratory for assay testing. Additional drilling assay results will be reported as they become available.

Figure 1: Swanson drilling target regions and proposed drill holes (in blue)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/267694_45dcfa6bc454c84d_001full.jpg

Figure 2: Significant assay results from recent drilling at the Swanson and Bartec targets

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/267694_45dcfa6bc454c84d_002full.jpg

Table 1: Drill Collar Locations (holes completed to date)

Hole-ID Azimuth Dip Length (m) Easting (m) Northing (m)
SW-25-032 215 -50 200 311565 5380111
SW-25-033 215 -50 200 311693 5380807
SW-25-034 180 -50 200 310434 5381275
SW-25-035 180 -50 200 310153 5381390
SW-25-036 180 -50 200 309981 5381440
SW-25-037 180 -50 200 309459 5378085
SW-25-038 210 -50 285 308759 5376922
SW-25-039 200 -50 240 307363 5375867
SW-25-040 200 -50 204 307424 5375893
SW-25-041 200 -50 201 307483 5375900
SW-25-042 200 -50 231 307445 5375972
SW-25-043 200 -50 225 307782 5376159
SW-25-044 200 -50 207 307693 5377050
SW-25-045 200 -50 201 306789 5376269
SW-25-046 200 -50 240 306831 5376033
SW-25-047 200 -50 201 306806 5375641
SW-25-048 180 -50 237 308710 5380121
SW-25-049 180 -50 234 308056 5380009
SW-25-050 180 -50 237 307831 5380568
SW-25-051 180 -50 201 307946 5381496
SW-25-052 225 -50 282 319313 5368164
SW-25-053 225 -50 204 318986 5368052
SW-25-054 225 -50 216 319076 5368177
SW-25-055 225 -50 237 319142 5368298
Drill collar coordinates in UTM NAD83, Zone 18

Table 2: Significant assay results table from recent drilling at the Swanson and Bartec targets

Hole-ID From
(m)
To
(m)
Length
(m)
Grade
(Au g/t)
Target Area
SW-25-032 No Significant Results Swanson
SW-25-033 29.55 30.90 1.35 7.47 Swanson
SW-25-033 184.85 185.4 0.55 0.60 Swanson
SW-25-033 185.40 186.70 1.30 1.96 Swanson
SW-25-034 51.45 52.55 1.10 1.87 Swanson
SW-25-034 181.15 182.15 1.00 7.68 Swanson
SW-25-035 56.45 57.40 0.95 2.25 Swanson
SW-25-035 168.60 169.45 0.85 0.56 Swanson
SW-25-036 196.25 197.10 0.85 0.52 Swanson
SW-25-037 132.55 136.10 3.55 1.15 Bartec
SW-25-037 Incl. 132.55 132.90 0.35 9.06 Bartec
SW-25-037 158.00 159.00 1.00 17.80 Bartec
SW-25-037 178.30 178.90 0.60 0.50 Bartec
SW-25-037 187.50 188.90 1.40 0.76 Bartec
Reported intervals are drilled core lengths (true widths have not yet been determined)

SAMPLING, QAQC, AND LABORATORY ANALYSIS SUMMARY

All core logging and sampling completed by LaFleur Minerals as part of its diamond drilling program is subject to a strict standard for Quality Control and Quality Assurance (QAQC), which include the insertion of certified reference materials (standards), blank materials, and field duplicate analysis. NQ-diameter sawed half-core samples from the drilling program at Swanson were securely sent by Company geologists to AGAT Laboratories Ltd. (AGAT), with sample preparation in Val-d’Or, Québec and analysis in Thunder Bay, Ontario, where samples were processed for gold analysis by 50-gram fire assay with an atomic absorption finish. Samples from selected holes were securely sent to AGAT in Calgary, Alberta, for multi-element analysis (including silver) by inductively coupled plasma (ICP) method with a four-acid digestion. AGAT sample preparation and laboratory analysis procedures conform to requirements of ISO/IEC Standard 17025 guidelines and meet the requirements under NI 43-101 and CIM best practice guidelines. AGAT is independent of LaFleur Minerals.

ENGAGEMENT OF MARKETING AND INVESTOR RELATIONS FIRMS

The Company is also pleased to announce various strategic marketing and investor relations engagements (the ‘Engagements‘) with arms-length independent contractors and agencies, with the aim of developing the Company’s communication strategy and strengthening exposure to a wider audience.

A service agreement dated August 6, 2025 has been executed by the Company with CEO.CA Technologies Ltd. (‘CEO.CA‘), a subsidiary of EarthLabs Inc. and a leading investor social network in junior resource and venture stocks (the ‘CEO.CA Agreement‘). Pursuant to the terms and conditions of the CEO.CA Service Agreement, CEO.CA has agreed to provide advertising services, news distribution and promotional content through digital channels to a targeted investor audience for the Company. The services may include company profile, banner advertisements served on desktop and mobile, news features, placements, videos, email sponsorships and Inside The Boardroom Video Interviews. The CEO.CA Service Agreement remains in effect for 12 months ending on August 6, 2026, the campaign period, and will not automatically renew. In accordance with the terms and conditions of the CEO.CA Service Agreement and as consideration for the services provided by CEO.CA, the Company has agreed to provide CEO.CA with a cash fee of CAD $95,000 plus applicable GST. CEO.CA and its principals are arm’s length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. CEO.CA’s business is located at 1040 Palmerston Avenue, West Vancouver, British Columbia, V7S 2J3, Canada, the email contact is james@ceo.ca and its phone number is 604-687-3119.

A service agreement dated September 10, 2025 has been executed by the Company with Maximus Strategic Consulting Inc. (‘Pinnacle Digest’) (the ‘Pinnacle Service Agreement’). Pursuant to the terms and conditions of the Pinnacle Service Agreement, Pinnacle Digest will conduct, produce, edit and distribute, via PinnacleDigest.com’s weekly email newsletter, YouTube channel and website at www.PinnacleDigest.com, a video about the Company which will include an interview with the Company’s CEO or Chairman, b-roll and additional footage related to the Company and the gold industry. The Pinnacle Service Agreement remains in effect for 4 months, with services commencing October 1, 2025, through February 1, 2026, and will not automatically renew. In accordance with the terms and conditions of the Pinnacle Service Agreement and as consideration for the services provided by Pinnacle Digest, the Company has agreed to provide Pinnacle Digest with a cash fee of CAD $100,000 plus GST. Pinnacle Digest owns 156,000 common shares of LaFleur Minerals Inc. Pinnacle Digest also owns 166,666 common share purchase warrants exercisable at $0.45 until October 4, 2026, and 156,000 common share purchase warrants exercisable at $0.75 until September 19, 2027. Pinnacle Digest’s business is located at 300 – 1550 5 Street SW, Calgary, A.B.T2R 1K3 Canada, and the email contact is Aaron Hoddinott at support@pinnacledigest.com.

The Company’s common shares are now cross listed on the Canadian Securities Exchange (CSE) and the Frankfurt Stock Exchange (FSE). The FSE is one of the world’s leading international stock exchanges by revenue, profitability, and market capitalization and is the largest of Germany’s stock exchanges.

Having been admitted to the FSE, LaFleur Minerals is making submission for listing on Tradegate, which, upon acceptance, will increase trading access for investors in Australasia and Asia amongst others.

QUALIFIED PERSON STATEMENT AND DATA VERIFICATION

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101. The QP has verified the analytical data underlying the drilling assay results disclosed in this release by reviewing the Company’s QAQC protocols, core and sample logs, original assay certificates, and assay database.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: 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 Project 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 Minerals’ 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 use of proceeds from the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267694

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Investor Insight

Adavale Resources’ transformative January 2025 acquisition of the Parkes Project gold and copper assets in the prolific Lachlan Fold Belt in New South Wales, delivering a maiden JORC MRE (115 koz) in May 2025 on one of the licenses along with abundant prospects on four neighboring licences, puts the company on a growth trajectory, presenting a compelling investment opportunity for savvy investors.

Overview

Adavale Resources (ASX:ADD) is strategically positioned in the Tier-1 Lachlan Fold Belt of New South Wales, one of the world’s most prolific gold and copper regions. In January 2025, the company acquired the Parkes Gold-Copper Project, a 371.39 sq km landholding across four tenements, including the historic London-Victoria gold mine. By May 2025, Adavale delivered a maiden JORC mineral resource estimate of 115 koz gold, including a higher-grade estimate of 3.14 million tonnes (Mt) at 1.06 grams per ton (g/t) gold for 107 koz, underscoring the quality and scale of the project.

The Parkes project hosts multiple high-priority exploration targets with strong potential for discovery and resource expansion, supported by growing regional infrastructure and proximity to major mining operations. With gold and copper both central to the global energy transition and long-term demand growth, Adavale provides investors with leveraged exposure to two of the most sought-after commodities, backed by a rapidly advancing exploration program in a premier mining jurisdiction.

Adavale’s diversified portfolio of critical minerals also includes 11 uranium licences covering 4,959 sq km in South Australia, anchored by the Marree Embayment and Ceduna regions with grades up to 3,550 parts per million (ppm) U₃O₈. The company also holds a 1,315-sq-km nickel position in Tanzania’s East African Nickel Belt, strategically located adjacent to the world-class Kabanga deposit (87.6 Mt @ 2.63 percent nickel).

With drilling programs currently underway across its gold and near-term drilling on its uranium projects, and further exploration planned through 2025, Adavale is well-positioned at the forefront of exploration in commodities critical to the global energy transition.

Backed by a robust pipeline, world-class assets in tier-one jurisdictions, and an experienced leadership team, Adavale offers strong leverage to favourable commodity trends and significant growth potential.

Company Highlights

  • A junior explorer, with projects in tier-one jurisdictions, focused on gold and copper, Adavale also holds valuable uranium and nickel licences.
  • The January 2025 acquisition of the Parkes project in the Lachlan Fold Belt, spanning 371.39 sq km, strategically positions Adavale to expand on the historic BHP Gold/Hargraves open pit orogenic gold resource (MRE 115koz) and make a major epithermal and/or porphyry gold and copper discovery in this tier-1 mining jurisdiction. The Lachlan Fold Belt assets are strategically located near world-class mining operations, including Cadia, Northparkes and Cowal.
  • The company’s extensive uranium tenements span 4,959 sq km across the Flinders Ranges and Eyre Peninsula, regions known for hosting tier-one uranium deposits.
  • Adavale’s nickel projects in Tanzania’s East African Nickel Belt are strategically located adjacent to the Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit.
  • Drilling and resource-definition programs in 2025 will target key gold, copper and uranium assets, building on the company’s diversified growth strategy.

Key Projects

Gold and Copper – Lachlan Fold Belt, NSW

Adavale’s Parkes Gold-Copper Project, a highly prospective exploration opportunity in the Lachlan Fold Belt of New South Wales, a Tier-1 mining jurisdiction that has produced more than 80 Moz of gold and 13 Mt of copper. The project covers 371.39 sq km across five granted tenements, anchored by the historic London-Victoria Gold Mine (EL7242), which produced 155,000 oz gold at 1.5 to 2 g/t and remains open for expansion.

Project Highlights

  • Strategic Location: Situated in the world-class Lachlan Fold Belt, home to Cadia, Northparkes, and Cowal.
  • Significant Landholding: 371.39 sq km across five granted tenements (EL7242, EL8830, EL8831, EL9711, EL9785).
  • Maiden JORC Resource (2025): 115 koz gold, including 107 koz @ 1.06 g/t gold from 3.14 Mt higher-grade mineralisation at London-Victoria.
  • High-Grade Upside:
    • Ashes Prospect (EL8831): rock chips up to 8.8 g/t gold and 5.5 percent copper.
    • Welcome Mine (EL8830): historical grades averaging 11 g/t gold.
  • Growth Pathway: Systematic geophysics, geochemistry, and step-out drilling underway to expand the maiden resource and advance Parkes into a multi-deposit gold-copper camp.

Uranium – South Australia

Adavale holds 4,959 sq km of uranium-rich tenements across the highly prospective Flinders Ranges outwash and Eyre Peninsula, regions known for hosting tier-1 uranium deposits.

Historical drilling has revealed promising results, including intercepts of 1 metre at 263 parts per million (ppm) eU3O8 and 0.65 meters at 235 ppm eU3O8. These results underscore the region’s potential to host significant uranium resources.

Adavale’s uranium portfolio is particularly well-positioned to benefit from increasing global demand for uranium, driven by geopolitical factors, rising nuclear energy investment globally, and surging prices, which reached $106/lb in early 2024.

Nickel – East African Nickel Belt, Tanzania

Adavale’s nickel portfolio includes 1,315 sq km across 13 highly prospective exploration licences in Tanzania’s East African Nickel Belt. It is strategically located next to and along strike of the world-class Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit. Recent exploration at the Luhuma Central prospect has confirmed nickel sulphides in all five drill holes completed, with mineralisation trends extending southwest.

The company employs a combination of geophysical methods, including gravity, magnetics and Heli-EM surveys, to refine its understanding of subsurface structures and identify high-priority drill targets. Adavale’s ongoing exploration in this globally significant nickel belt is expected to build on recent successes, advancing resource definition and project development, making the company well-positioned to make a significant contribution to the global demand for battery metals.

Leadership Team

Allan Ritchie – Executive Chairman and CEO

Allan Ritchie is a seasoned executive with over 30 years of experience spanning corporate finance, energy, and resources, with leadership roles across both private and publicly listed companies on the ASX and HKEX. He has served as non-executive director of Hydrocarbon Dynamics (ASX:HCD) and as executive director and Deputy CEO of Hong Kong–listed EPI Holdings (0689.HKEX).

Ritchie’s career also includes senior investment banking roles with Westpac, ANZ, HSBC, and BNP Paribas in Australia, London, New York, and Asia Pacific, where he specialised in structuring transactions in the energy and resources sector and was repeatedly recognised in BRW’s annual ranking of top bankers. He holds a Bachelor of Business from the University of Technology Sydney and a Postgraduate Diploma in Applied Finance from FINSIA.

Maurice (Nic) Matich – Non-executive Director

Maurice (Nic) Matich is a mechanical engineer and finance professional with 17 years’ experience in the resources sector, spanning engineering, risk consulting, and insurance for tier-1 mining companies across lithium, iron ore, mineral sands, gold, and kaolin. He previously served as managing director of Pinnacle Minerals (ASX:PIM) and executive director of Heavy Minerals (ASX:HVY), where he delivered a maiden resource and $253 million NPV8 scoping study for the Port Gregory Project. Matich holds a Bachelor of Engineering (Hons), a Bachelor of Science (Physics/IT), a Graduate Diploma in Applied Finance, and is a graduate of the AICD.

David Ward – Non-executive Technical Director (Geologist)

David Ward is a geologist and mining executive with over 25 years of experience spanning early-stage exploration, project development, and both open-pit and underground mining. As chief geologist of Bacchus Resources for eight years, he defined more than 950Koz of gold resources in the NT and advanced exploration assets in the NT, QLD, and NSW that were later incorporated into projects of multiple ASX-listed companies. He has also held key technical roles with Newcrest Mining at the Cadia Gold Mine and with Clancy Exploration, leading porphyry and epithermal exploration in the Lachlan Fold Belt, NSW.

Leonard Math – CFO & Company Secretary

Leonard Math is a chartered accountant with extensive experience managing financial operations for ASX listed resources companies. He graduated with a Bachelor of Business (double major in accounting and information systems) from Edith Cowan University in 2003 and became a chartered accountant in September, 2008. He has held multiple director, CFO and company secretary roles in the resources sector, most recently with Summit Minerals (ASX:SUM).

This post appeared first on investingnews.com

Via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire (‘NNW’), one of 70+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘Record Gold Prices Create Unprecedented Opportunities for Near-Term Producers,’ please visit: https://nnw.fm/GMYGw .

Gold has reached a new record high as the U.S. dollar weakens and investors price in expectations of a Federal Reserve interest rate cut. At more than $3,500 an ounce, the yellow metal is shining brighter than ever, buoyed by concerns over inflation, currency debasement and slowing global growth. With the market environment pointing toward continued strength, companies with near-term production potential stand to benefit disproportionately.

LaFleur Minerals Inc. is one such company. Transitioning from explorer to producer, LaFleur’s timing could not be better. With a fully permitted, recently refurbished gold processing mill in excellent condition and strategically located assets in one of Canada’s most prolific mining belts, the company offers a unique value proposition for investors seeking to leverage rising gold prices.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: 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 Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 16,600 hectares (166 km 2 ) 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 that make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully refurbished and permitted Beacon Gold Mill is capable of processing more than 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

For more information, visit the company’s website at LaFleur Minerals Profile .

NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at https://ibn.fm/LFLRF

About NetworkNewsWire

NetworkNewsWire (‘NNW’) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers : (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: https://www.NetworkNewsWire.com/Disclaimer

NetworkNewsWire
New York, NY
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is powered by IBN

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Semiconductor giant NVIDIA (NASDAQ:NVDA) plans to invest up to US$100 billion in OpenAI to build what executives are calling the largest artificial intelligence (AI) infrastructure project in history.

The companies said on Monday (September 22) that OpenAI will deploy NVIDIA’s systems on a scale requiring 10 gigawatts of power, equal to 4 million to 5 million of the chipmaker’s graphics processing units (GPUs).

NVIDIA CEO Jensen Huang described the effort as “monumental in size,” noting in an interview with CNBC that it represents roughly double the volume of GPUs shipped last year.

“NVIDIA and OpenAI have pushed each other for a decade, from the first DGX supercomputer to the breakthrough of ChatGPT,” Huang said in the announcement. Company shares rose nearly 4 percent on the day of the announcement, adding close to US$170 billion in market value and lifting NVIDIA’s market capitalization near US$4.5 trillion.

“Everything starts with compute,” Sam Altman, co-founder and CEO of OpenAI, added.

“Compute infrastructure will be the basis for the economy of the future, and we will utilize what we’re building with NVIDIA to both create new AI breakthroughs and empower people and businesses with them at scale.”

NVIDIA will deploy the funding to OpenAI progressively as data center capacity comes online. An initial US$10 billion tranche is tied to the completion of the first gigawatt, with that milestone scheduled for 2026.

The move builds on investor enthusiasm after NVIDIA reported record revenue of US$46.7 billion in its latest fiscal quarter, up 56 percent from a year earlier. Its net income jumped 59 percent to US$26.42 billion, with adjusted earnings per share of US$1.05 topping Wall Street forecasts.

The results marked the company’s ninth straight quarter of year-on-year revenue growth above 50 percent.

The chipmaker has been on a deal-making spree. In recent weeks, it disclosed a US$5 billion stake in Intel (NASDAQ:INTC) tied to joint AI processor development, and a nearly US$700 million investment in UK data center startup Nscale. It also announced the US$900 million acquisition of staff and technology from startup Enfabrica.

For OpenAI, the NVIDIA commitment addresses the enormous computing power needed to support its research and rapidly growing user base. According to the company, it now has 700 million weekly active users, an amount that is straining its existing infrastructure even as demand for more advanced models grows.

Industry analysts estimate that building a single gigawatt of AI data center capacity costs US$50 billion to US$60 billion, with roughly US$35 billion of that tied to NVIDIA chips and systems.

Despite this week’s deal, OpenAI has not limited itself to NVIDIA hardware.

The company has reportedly partnered with Broadcom (NASDAQ:AVGO) to develop custom AI chips, with sources identifying OpenAI as the unnamed customer behind a US$10 billion order disclosed by Broadcom CEO Hock Tan. Both firms declined to comment, but analysts see the deal as a bid to reduce reliance on NVIDIA and ease GPU shortages.

NVIDIA’s investment in OpenAI will complement the lab’s existing ties with Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL) and the Stargate project. Microsoft remains one of OpenAI’s earliest and most important backers, and has integrated the company’s models into its Azure cloud and Office products.

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

This post appeared first on investingnews.com

(TheNewswire)

GRANDE PRAIRIE, AB, (September 23, 2025) TheNewswire – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF and OTC: ANKOF) (‘Angkor’ or ‘the Company’) announces shares for debt transactions for an aggregate $1,922,800 debt currently owed by the Company to certain creditors (the ‘ Debt Transactions ‘).

Pursuant to the Shares for Debt Transactions, subject to approval of the TSX Venture Exchange (‘ TSXV ‘), the Company has agreed to issue an aggregate total of 8,263,333 Units at a deemed price of $0.21 per Unit.  Each unit consist of one common share and one-half share purchase warrant (the ‘Warrant’). Each full Warrant exercisable to purchase a common share at 0.30 for a period of 24 months from the date of issuance. The warrants shall be subject to an acceleration clause. In the event that the Company’s shares trade at $0.40 per share or above for a period of 10 consecutive trading days, a forced exercise provision will come into effect for the warrants issued in connection with this offering.

The Company shall also settle an aggregate total of $187,500 through the issuance of common shares at a deemed price of $0.21. The shares settlement represents an amount that is owed to certain Directors Officers or Insiders and Management so does not qualify for warrants (the ‘Related Parties’).

The Units and Shares for Debt Transactions being cleared comes from five different sources, namely:

a. Loans of $471,300 including principal and interest on three facilities.

b. Principal payment of $400,000 on the loan to creditor for the Evesham acquisition.

c. Amounts due to 30% participating partner as settlement based on funds from Almighty Resources on the Oyadao North license in their purchase of the license from Angkor.

d. Notes payable and conversions of $875,000 to funders of the original gas capture project in Evesham Saskatchewan in 2022.

e. Compensation amounts of $62,500 paid to members of management and contractors in lieu of cash as part of their monthly remuneration.

The directors of Angkor voted unanimously in favour of converting the debt to shares at market price.

Grant T. Smith , CFO for Angkor comments, ‘I am very pleased to announce the successful settlement of $1,922,800 of debt through the issuance of common shares. This strategic move significantly improves our balance sheet by reducing our debt burden and lowers our interest expense. With this debt out of the way, we can now focus our resources and efforts on driving our core business initiatives and achieving our long-term goals. This transaction reflects our strong belief in the future of Angkor and our commitment to enhancing shareholder value.’

MI 61-101 Disclosure

The participation of certain insiders, being ‘related parties’ of Angkor means that the Shares for Debt Transaction is considered to be a ‘related party transaction’ of Angkor for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘).

Angkor may, however, complete the Shares for Debt Transaction in reliance on exemptions available under MI 61-101 from the formal valuation and minority approval requirements of MI 61-101. Specifically, the Shares for Debt Transaction is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(b) of MI 61-101 as Angkor is not listed on a specified market within the meaning of MI 61-101. Additionally, the Shares for Debt Transaction is exempt from the minority approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) of MI 61-101 insofar as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Shares for Debt Transaction insofar as it involves (or is expected to involve) ‘interested parties’, exceeds 25% of Angkor’s market capitalization.

Closing of the Shares for Debt Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange (‘ TSXV ‘). The Common Shares to be issued pursuant to the Shares for Debt Transaction will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSXV policies.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.  The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.  The license was reduced to roughly half the size with the Company’s voluntary removal of all parks and protected areas in March 2025 and now is 4277 square kilometers.  Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.

CONTACT: Delayne Weeks – CEO

Email: info@angkorresources.com Website: angkor resources.com

Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

Certain information set out in this news release constitutes forward-looking information within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘hope’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘scheduled’, ‘believe’ and similar expressions. The forward- looking information set out in this news release relates to future events or our future performance and includes, without limitation statements concerning the Shares for Debt Transaction, Angkor’s ability to obtain all necessary approvals in respect of the Shares for Debt Transaction and the participation of certain insiders and management in the Shares for Debt Transaction.

Although the forward-looking information contained in this news release is based upon what management of Angkor believes are reasonable assumptions on the date of this news release, Angkor cannot assure readers that actual results will be consistent with such forward-looking information. Forward-looking information involves substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those expressed or implied by such forward looking information, including without limitation those risks and uncertainties described in more detail in Angkor’s securities filings available at www.sedarplus.ca . Forward-looking information should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.

The forward-looking information contained in this news release is provided as of the date hereof. Angkor disclaims any intention or obligation to update or publicly revise any forward–looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All forward-looking information contained in this news release is expressly qualified in its entirety by the foregoing cautionary statements.

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


Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Key Highlights:

  • Crew mobilization is underway to support a 15,000-metre drill program at the Radar Ti-V-Fe Project in Labrador, Canada.
  • Drilling is focused on advancing the Trapper Zone’s 3+ km strike toward a maiden MRE highlighting titanium, vanadium, and iron ore—critical minerals for the global energy transition.
  • Ongoing site work includes trench mapping, surveying, and full camp establishment to optimize drill execution.
  • Infrastructure is in place with new access trails along the oxide layering strike through the Trapper Zone.

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the mobilization of crews to its 100% owned Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in southern Labrador, Canada. This mobilization marks a significant step in preparing for a major drill program aimed at expanding known mineralization and advancing toward the completion of a maiden mineral resource estimate (MRE) on the project.

Preparation begins for a 15,000m Drill Program at the Radar Ti-V-Fe Project:

Field preparations are underway across the Radar Project’s Trapper Zone, which spans over a 3+ km strike of oxide mineralization. Current work is designed to strengthen drill targeting, maximize efficiency, and ensure high-quality geological data accuracy for the MRE, including:

1. Enhanced Trench Analysis

Building on approximately 504 square metres (5,425 ft²) of trenching completed to date, SAGA is conducting additional high-pressure power washing and detailed geological mapping in three trenches within the Trapper Zone. This work exposes clean bedrock surfaces by removing overburden and vegetation, allowing geologists to document rock types, mineral textures, and oxide layering trends with precision. The process will help refine 3D geological models, confirm continuity of vanadiferous titanomagnetite (VTM) mineralization, and identify the most prospective high-grade drill targets.

2. Surveying and Geophysical Preparation

Crews are also executing a comprehensive surveying program to support drill collar placement and spatial accuracy across the Trapper Zone. Using high-precision GPS, total stations, and laser scanning technology, the team is mapping the newly built 4 km Trapper Trail access route, establishing a geophysics baseline, and cutting grid lines (cutlines) through vegetation to enable further geophysical traverses. The geophysics baseline will serve as a calibration reference for magnetometer instruments, ensuring consistent and reliable detection of anomalies that may indicate subsurface mineralization. Collectively, these surveys are designed to eliminate spatial errors in modelling and optimize drill hole targeting

3. Establishing Full Camp Infrastructure

To support the scale of the upcoming 15,000 metre drill program, SAGA has secured land near Cartwright, Labrador, for the establishment of a fully serviced exploration camp. The camp will include accommodations, a kitchen trailer, a core shack for drill core logging and storage, an office for data management, and a cut shack for sample preparation. Utility infrastructure—including power generation, water storage and filtration, and septic systems—is being installed to ensure long-term operational stability. With this infrastructure in place, SAGA is positioned to support long-term stability and efficiency for the crews managing this milestone drill program.

‘This mobilization is a pivotal moment for the Radar Project as we move from early exploration success toward defining a mineral resource,’ said Mike Stier, CEO and Director of Saga Metals Corp. ‘By investing in thorough trench mapping, advanced surveying, and robust camp infrastructure, we are positioning the Radar Project for a highly efficient 15,000 metre drill program. We believe this campaign has the potential to unlock significant value in titanium, vanadium, and iron—critical minerals essential to the global energy transition. Our priority is to advance Radar toward a mineral resource estimate and deliver value to our shareholders.’

The preparation phase is expected to conclude in the coming weeks, with the 15,000m drilling program scheduled to commence in early November 2025.

Figure 1: Radar Project’s Trapper Zone depicting a 3+ km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

Summary of the Radar Ti-V-Fe Project in Labrador, Canada:

The Radar Property benefits from exceptional infrastructure, including all-season road access, a nearby deep-water port, hydroelectric power, and an airstrip with claims just 10 km from Cartwright, Labrador. Spanning 24,175 hectares, the Property covers all the Dykes River intrusive complex—an extensive (~160 km²) Mesoproterozoic layered mafic intrusion. Unique amongst Western exploration companies, SAGA controls its entire intrusive complex.

Grenville-age mafic layered intrusions of Québec and Labrador represent a significant but underdeveloped titanium–vanadium–iron resource province. These layered intrusions, emplaced during the Grenvillian orogeny, locally host thick oxide-rich cumulate zones dominated by titanomagnetite and hemo-ilmenite with accessory vanadium and phosphorus. Their scale and metallogenic affinity are directly comparable to major Fe–Ti–V deposits such as Lac Tio (Quebec), Panzhihua (China), Tellnes (Norway) and Bushveld (South Africa), which supply a major share of global TiO₂ feedstock and vanadium for steel alloys and emerging energy storage markets. The combination of large tonnage potential, favourable logistics, and critical mineral content positions the Grenville intrusions, such as Radar’s Dykes River complex, as strategic candidates for development in the context of growing North American demand for titanium, vanadium and high-quality iron.

Early geological mapping, government magnetic surveys and ground-based geophysics of the Radar property have identified oxide layering across more than 20 km of strike length, with mineralized zones remaining open for expansion. Vanadiferous titanomagnetite (‘VTM’) is the principal oxide and occurs as cumulate and intercumulus mineralization over large thicknesses of the Dykes River layered intrusion.

Figure 2: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. 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 overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

SAGA’s 2025 Winter Drill Program at Radar:

Saga completed its maiden drill program in early 2025, featuring a 2,209-metre, seven-hole diamond drill campaign across the Hawkeye Zone—a combination of 3D magnetic inversion modeling and surface VLF-EM results guided drill targeting. The program intersected broad zones of titanomagnetite-rich oxide layering, with cumulative intersections displaying consistent grades of titanium dioxide (TiO 2 ), vanadium pentoxide (V 2 O 5 ) and iron (Fe).

Similarities in the ratios of TiO 2 and V2O 5 to Fe 3 O 4 across multiple drill holes serve to identify discrete igneous layers. Within the 600 m tested thickness of the layered gabbronorite, the chemistry delineates a very promising 300-400 m thickness, referred to as the Lower Cumulate Layer. The highest V 2 O 5 assays are in the lower 100-200 m, coinciding with the highest-grade intervals of VTMs. The layer is comprised of interlayered gabbronorite and bands of semi-massive to massive VTM.

Drill holes R25-HEZ-01, -07, -04, and -05 intersect this Lower Cumulate Layer. The chemistry indicates that the layer was deposited from a large-volume pulse of Ti-V-Fe-enriched magma. Saga will be targeting this same discrete intrusive horizon along the Trapper Zone’s 3+ km strike length.

Magnetic and VLF-EM Survey to Extend the ‘Trapper Zone’

As crews prepare for the 15,000 m drill program, a small geophysics team will continue a ground-based magnetic survey over the northern and southern extensions of the Trapper Zone. The survey utilizes a GSM-19 magnetometer to collect magnetic-field and VLF-EM data (using VLF Transmitter Cutler).

The survey is conducted using a grid of N-S lines, spaced 50 m apart, with observations made at stations spaced 20 m apart along the lines. The tightly gridded stations will be used to map the extent to which the oxide layering strike continues to the NE-E at the top of the zone and SE-E at the bottom of the zone, both trending back towards the Hawkeye Zone.

Figure 3: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .

Saga Metals’ Corporate Video

Please find below Saga Metals’ corporate video, produced by Pinnacle Digest, providing an overview of the Company as well as highlighting the key characteristics and developments of the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in Labrador, Canada.

A Media Snippet accompanying this announcement is available by clicking on this link.

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.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/845d6c26-2715-41ee-8e06-4f4f489b1aca

https://www.globenewswire.com/NewsRoom/AttachmentNg/877329ca-ebde-4a91-bad4-950efb5f8eb8

https://www.globenewswire.com/NewsRoom/AttachmentNg/c7aaccd0-d157-48b9-874f-f04e0b512563

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com