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What Does the GDX Index Change Mean for Gold Investors?

Investing 3 Mins Read

If it ain’t broke, why fix it? The GDX is way up, but VanEck is switching horses midstream.

The gold price hit a record high of US$3,707.34 per ounce on Wednesday (September 17), shortly after the US Federal Reserve’s decision to make its first cut to interest rates since December 2024.

That put the precious metal’s price up 40 percent since the start of 2025.

It’s been a long time coming, but it seems gold-mining stocks are finally responding to record gold prices.

The VanEck Gold Miners ETF (ARCA:GDX), whose holdings include the biggest global gold-mining companies, was up by 103.54 percent year-to-date as of Thursday (September 18).

The GDX has tracked the price and yield performance of the NYSE ARCA Gold Miners Index since its inception in May 2006. That came to an end on Friday (September 19) as it switched to the MarketVector Global Gold Miners index.

What does the GDX index change mean for gold investors?

It may seem counterintuitive for global investment management firm VanEck to make a change to the index for the popular US$20.5 billion GDX, but there are plenty of good reasons.

The switch was planned a few months ago in conjunction with housekeeping that’s a routine component of exchange-traded fund (ETF) management. The move to the MarketVector Global Gold Miners Index is happening at the same time that the firm would normally rebalance the weight of its positions in GDX’s underlying securities.

And the move makes sense. Not only is MarketVector a subsidiary of VanEck, but it is based on free-float market-cap-weighted methodology that many major stock indexes now use.

“By focusing only on shares available for public trading, excluding those held by insiders or restricted from the market, this method offers a more accurate reflection of market dynamics than the full-market capitalization method,” explains Investopedia, noting that this approach is used by indexes like the S&P 500 (INDEXSP:.INX).

It seems VanEck is joining the rest of the global financial community, which has transitioned away from full market-cap-weighting methodologies like that used by NYSE ARCA Gold Miners Index.

So what can GDX investors expect from this change?

They probably won’t see much difference right away besides slight adjustments to how some stocks are weighted in the fund, or which stock listing is used for companies with multiple stock listings.

For example, major miner Newmont (TSX:NEM,NYSE:NEM,ASX:NEM) — which is among the ETF’s top five holdings — will be weighted at 6.95 percent from 12.99 percent.

Chart via VanEck.

Over the long term, however, GDX may see a boost in performance, including less volatility and better liquidity, as the dead weight is cut away and the largest companies are no longer concentrated at the top. This could represent a major growth opportunity for GDX investors, especially if this bull run on gold and gold-mining stocks continues.

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

This post appeared first on investingnews.com

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LaFleur Minerals Closes Unit Offering

Investing 5 Mins Read

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that, further to its news release dated September 10, 2025, the Company has completed its previously announced non-brokered private placement of units of the Company (the ‘Units’) at a price of $0.48 per Unit for gross proceeds of $553,281.12 (the ‘Offering’). The Company issued an aggregate 1,152,669 Units pursuant to the Offering.

Each Unit consisted of one common share in the capital of the Company (a ‘Share‘) and one transferrable common share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder to purchase one additional common share at a price of $0.75 for a period of 24 months from the date of issuance. The Warrants are subject to an accelerated expiry upon thirty (30) business days’ notice from the Company in the event the closing price of the Company’s 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.

No finder’s fees were paid in connection with the Offering. All securities issued in connection with the Offering are subject to a statutory hold period expiring four months plus one day from their issuance expiring on January 19, 2026.

The gross proceeds from the 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.

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 anticipated 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.

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/267176

News Provided by Newsfile via QuoteMedia

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Will Rhind: Gold vs. US Dollar — Top Driver as Fiat Falters

Investing 1 Min Read

Will Rhind, CEO of GraniteShares, breaks down gold’s recent price activity.

‘I think the main thing that’s driving gold … is this alternative to the dollar,’ he said.

‘People want an alternative to fiat money, and particularly the dollar, and also to traditional stocks and bonds. And so gold’s appeal as being a genuine alternative, an uncorrelated alternative, grows by the month, seemingly,’ Rhind added.

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

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NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho

Investing 13 Mins Read

Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce an updated Mineral Resource Estimate (‘ MRE ‘) for the Nutmeg Mountain gold project (the ‘ Project ‘, ‘ Nutmeg Mountain ‘) in Idaho.

Key Highlights

  • Open-Pit, Oxide, Heap-Leach Gold Mineral Resource in the Western USA: 1.19 Mozs of Indicated Resources at 0.50 g/t Au (74.2 Mt) and 548 kozs of Inferred Resources at 0.34 g/t Au (49.8 Mt). (Table 1, Figure 1, Figure 2)
  • Higher Grade Mineralization Within the Resource: increasing the cut-off grade from the base case of 0.20 g/t Au to 0.60 g/t Au, the Project has 560 kozs of Indicated Resources at 0.92 g/t Au , and 85 kozs of Inferred Resources at 0.87 g/t Au . The higher grade mineralization starts at surface as seen in Figure 2 and Figure 3, and is within the 0.20 g/t Au cut-off grade MRE. To date, the Company has not completed any mine scheduling studies on the MRE. Exploring for more potential high-grade mineralization will be a key focus as the project is advanced with further drilling and subsequent resource estimates.
  • Significant Growth Captured Over Last 24 Months: compared to the 2023 MRE, the base case pit-constrained indicated tonnage increased by over 18% and inferred by over 100%, with further upside identified with high priority drill targets.
  • Mineralization Starts at Surface with Low Strip Ratio: mineralization at Nutmeg Mountain starts at surface. The strip ratio of the project based on conceptual pit-shells is expected to be less than 1:1 , which is extremely low for an open-pit, oxide, heap-leach gold project. (Figure 2, Figure 3)
  • Tier One Jurisdiction: the Project is located in southwest Idaho, which is a favorable mining jurisdiction. (Figure 4, Figure 5)

NevGold CEO, Brandon Bonifacio, comments: ‘This is another important milestone for NevGold and the Nutmeg Mountain gold project in Idaho as it further validates the quality of the asset located in a tier-one mining jurisdiction. We are pleased with the results of the updated MRE, as it illustrates the size and heap-leach grade of this at-surface, open-pit oxide gold project in the Western USA. The updated MRE also further validates the strong growth potential of mineralization at the Project, which remains open in multiple directions. We look forward to drilling the highly prospective targets that we have identified at surface and at depth. After completion of this MRE, we plan to advance to a Preliminary Economic Assessment (PEA) to further advance the Project to the next stage of development. We have an extremely favorable macroeconomic situation with the gold price and momentum in the US to advance high-quality, domestic mineral projects . ‘

Table 1: Nutmeg Mountain – Open-Pit, Heap-Leach MRE (see notes below)

Cut-Off Grade
Au g/t 		Classification Tonnes Gold Grade
Au g/t 		Ounces Gold
1.00 Indicated 5,433,000 1.31 230,000
1.00 Inferred 610,000 1.38 27,000
0.80 Indicated 10,061,000 1.12 362,000
0.80 Inferred 1,297,000 1.12 47,000
0.60 Indicated 19,025,000 0.92 560,000
0.60 Inferred 3,025,000 0.87 85,000
0.50 Indicated 26,353,000 0.81 688,000
0.50 Inferred 5,711,000 0.72 132,000
0.40 Indicated 37,167,000 0.71 844,000
0.40 Inferred 10,496,000 0.59 199,000
0.30 Indicated 52,556,000 0.60 1,014,000
0.30 Inferred 22,458,000 0.46 332,000
0.20 Indicated 74,205,000 0.50 1,186,000
0.20 Inferred 49,749,000 0.34 548,000
0.10 Indicated 95,465,000 0.42 1,294,000
0.10 Inferred 87,406,000 0.26 732,000

Notes:

  1. Effective date of this mineral resource estimate is August 29, 2025.
  2. All mineral resources have been estimated in accordance with Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required under National Instrument 43-101 (‘ NI 43-101 ‘). The Mineral Resource Statement was prepared by Greg Mosher, P. Geo (Global Mineral Resource Services, ‘ GMRS ‘) in accordance with NI 43-101.
  3. Mineral Resources reported demonstrate a reasonable prospect of eventual economic extraction through additional exploration, as required under NI 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated Mineral Resources will be converted into Mineral Reserves. The potential development of the Mineral Resources may be materially affected by environmental, permitting, legal, marketing, and other relevant issues.
  4. Mineral Resources are reported at a cut-off grade of 0.20 g/t Au for an open-pit mining scenario. Cut-off grades are based on a price of US$2350/oz gold, and a number of operating cost and recovery assumptions, including a reasonable contingency factor. Metallurgical recoveries of 80% were used. Densities based on lithology were assigned.
  5. Ounce (troy) = metric tonnes x grade / 31.10348. All numbers have been rounded to reflect the relative accuracy of the estimate.
  6. The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has not been sufficient work to define these Inferred Mineral Resources as Indicated or Measured Mineral Resources. It is reasonably expected that many of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration, however, there is no assurance that further exploration will result in all or any part of the Inferred Mineral Resources being converted into Indicated Mineral Resources.
  7. Tonnages and ounces in the tables are rounded to the nearest thousand and hundred, respectively. Numbers may not total due to rounding.

Figure 1 – Plan view map of Nutmeg Mountain gold project. Black line outlines the larger unpatented Bureau of Land Management (BLM) project boundary, with orange outline defining patented claims and private leases which do not have limitations on disturbance acreage allowed, and can be drilled with a notice to the State of Idaho. Blue dashed lines represent identified targets based on numerous geological data layers and work completed at the Project . To view image please click here

Figure 2 – Cross-section looking north through the MRE block model with all blocks above a 0.10 g/t Au cut-off. Mineralization starts at surface, and there is further mineralization beneath the US$2350/oz pit-shell used in the MRE.
To view image please click here

Figure 3 – Cross-section looking north through the MRE block model with 0.60 g/t Au cut-off. The higher grade mineralization is within the 0.20 g/t Au cut-off MRE and starts at surface. To date, the Company has not completed any mine scheduling studies on the MRE. To view image please click here

Figure 4 – Map of Washington County district in Southwest Idaho including the Nutmeg Gold Trend, and emerging Hercules Copper Trend. Nutmeg Mountain is approximately 30 km from the Hercules Copper Trend. To view image please click here

Nutmeg Mountain – Summary
Nutmeg Mountain is a low-sulphidation epithermal gold deposit located in southwest Idaho, approximately 20 kilometers east of Weiser, Idaho, and 120 kilometers northwest of Boise, Idaho. The Project is approximately 1,724 hectares in size, which is comprised of 210 federal unpatented claims, 12 patented claims, and 2 private leases. The Project has 940 core, reverse circulation (‘RC’), and rotary drill holes totaling over 71,625 meters of drilling.

Figure 5 – Map of NevGold’s projects in the Western USA. To view image please click here

Nutmeg Mountain – Additional Exploration Potential
The work completed to date by the Company has identified several high priority drill targets for future drilling. Historical drilling was mainly focused on the outcropping and near-surface disseminated mineralization, which is primarily located on the patented mining claims and other privately owned ground. (Figure 1) NevGold has identified numerous additional near-surface gold targets on the unpatented mining claims surrounding the private ground. Additionally, the average drill hole depth at the Project is less than 75 meters, and to date the potential high-grade feeder veins typically associated with low-sulphidation epithermal gold systems have yet to be identified. Discovering additional near-surface disseminated gold mineralization and the potential high-grade feeder structures will continue to be the focus of NevGold’s ongoing exploration.

Nutmeg Mountain Deposit Geology and Model
Nutmeg Mountain is a low-sulphidation epithermal gold deposit with exploration dating back to the 1980s. The Project is host to Miocene-age basalt and tuffaceous sediments, Payette Formation sandstone and siltstone, and lacustrine sedimentary rocks of the Pliocene-age Idaho Group.

Most gold mineralization that has been identified at the Project to date occurs within a north-trending graben, which is where most of the drilling has been concentrated. The graben is bounded by faults on the east and west, and sedimentary units change in thickness and character across the bounding faults. Mineralization is associated with multi-phase hydrothermal brecciation and veining, strong silicification, acid alteration, and faulting. Much of the surface alteration is composed primarily of opaline silica and appears to be replacement of Payette Formation sandstone.

There are four principal zones of mineralization. The Main Zone is the most significant in size and contains most of the gold in the MRE. Gold mineralization is hosted primarily in silicified Payette Formation sandstone that has been subjected to multiple phases of hydrothermal alteration, brecciation, and veining.  The Main Zone mineralization occurs over a north-south distance of approximately 1,200 meters, a width from 250 to 500 meters, and a vertical thickness of up to 180 meters. Most of the gold in the MRE is situated in the top 75 meters of this vertical thickness, creating an opportunity to expand the resource vertically with further deeper drilling and additional data.

The North Zone underlies the narrow ridge crest at the north end of the Project, approximately 600 meters northeast of the Main Zone. In the North Zone, gold mineralization occurs as an oval, north-trending, tabular body that is up to 60 meters thick, approximately 335 meters long (N-S) and 150 meters wide. The Stinking Water Zone lies approximately 400 meters west of the North Zone and 600 meters north of the Main Zone. The Cove Creek Zone is located 600 meters southeast of, and approximately 170 meters lower than the Main Zone, with little to no surface expression.

Figure 6 – Plan view map of Nutmeg Mountain gold project with geology summary. The red outlines define the mineralization at a 0.20 Au g/t cutoff. The gold dash outline represents areas with additional mineralization potential.
To view image please click here

Drillhole Data and QAQC Procedures
Prior to the Company’s work, the Project was evaluated by several historical work programs starting in the 1980s including geological mapping, geochemical and geophysical surveying, several metallurgical bulk samples and 934 core, RC, and rotary drill holes totaling 70,254 meters. In early 2023, NevGold completed five core holes totaling 1,371 meters, four of which were located within the known envelope of mineralization. The data from these holes have been used in the MRE.

There is minimal documented QA/QC procedures or data available for drill programs prior to 2008. The Company drill program utilized full industry-standard survey control and QAQC programs and is designed to systematically validate as much of the historical drilling as possible through collar surveys, re-logging, and re-sampling.

Reasonable Prospects of Eventual Economic Extraction
To support reasonable prospects for eventual economic extraction for the MRE, GMRS used the estimated block model to generate an optimized pit-shell using the following assumptions: a gold price of US$2350/oz, mining costs of US$2.20/tonne moved, processing costs including general and administration costs of US$5.50/tonne, heap-leach process recovery of 80%, and an overall pit slope angle of 50 degrees. Mining and processing costs are based on industry norms and benchmarking for this type of deposit and contemplated mining method.

Environmental, Social, and Governance Opportunities
As part of its commitment to environmental, social, and governance (ESG) practices, the Company has commenced a review of alternate energy potential near the Project. These alternate sources include geothermal, solar, and wind power generation. In particular, the Project is in an area of high geothermal energy potential with two geothermal projects already operating nearby. There are also a number of solar and wind power generation projects in Idaho. The Company is actively considering collaboration agreements with alternate energy partners to assess opportunities to lower the carbon footprint at the Project.

Technical Report
A technical report is being prepared on the Updated MRE in accordance with NI 43-101 standards, and will be available on the Company’s website and on SEDAR+ at www.sedarplus.ca within 45 days of the date of this news release. The MRE was prepared by independent mining consulting firm GMRS.

Qualified Person Statements
Mr. Greg Mosher (P.Geo., M.Sc. Applied), Principle of GMRS is an independent ‘Qualified Person’ under NI 43-101 and responsible for the MRE. Mr. Mosher has prepared and approved the scientific and technical information related to the MRE contained in this news release.

Greg French, CPG, the Company’s Vice President, Exploration, and a ‘Qualified Person’ under NI 43-101 has also reviewed and approved the scientific and technical information contained in this news release.

ON BEHALF OF THE BOARD

‘Signed’

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-5033, or visit our website at www.nev-gold.com .

About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

Please follow @NevGoldCorp on Twitter , Facebook , LinkedIn , Instagram , and YouTube .

Neither the TSX Venture Exchange nor its Regulation Services 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 Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward looking statements in this news release include statements with respect to estimates of mineral resources, the Company’s future exploration plans with respect to the Project, the intention to complete future updated MRE’s and a PEA and the timeline for completion, and the upgrade of inferred mineral resources to indicated mineral resources. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, which include the dangers inherent in exploration, development and mining activities; the uncertainty of mineral resource estimates; not achieving an updated MRE, a PEA and other exploration goals or estimates; actual exploration or development plans and costs differing materially from the Company’s estimates; obtaining additional financing from time-to-time to continue operations; compliance with government regulation; stock market volatility that may adversely affect the price of the Company’s securities; and the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

News Provided by GlobeNewswire via QuoteMedia

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IsoEnergy and Purepoint Intersect up to 8.1% U3O8 at Dorado Project

Investing 11 Mins Read

IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) (‘IsoEnergy’) and Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTC: PTUUF) (‘Purepoint’) today announced the receipt of partial assay results from the summer drill program at the companies’ 5050 joint venture Dorado Project (the ‘ Dorado Project ‘), located on the southeastern margin of Saskatchewan’s Athabasca Basin. The highlight comes from drill hole PG25-07A, which returned 2.1 metres grading 1.6% U₃O₈, including 0.4 metres at 8.1% U₃O₈ and an additional 4.9 metres at 0.52% U₃O₈ representing the most significant assay intervals reported to date from the Nova discovery zone (see Table 1 below).

‘Eight percent uranium is an excellent grade from the centre of the very strong radioactive interval drilled by hole 7A,’ said Chris Frostad , President and CEO of Purepoint Uranium. ‘These assays reinforce the strength of this newly discovered system and provide a solid anchor point as we continue to test the mineralized structure in all directions.’

Highlights:

  • Drill hole PG25-07A intersected 0.4 metres at 8.1% U₃O₈ from within 2.1 metres of 1.6% U₃O₈ at the Nova discovery zone. The hole also returned an additional 4.9 metres at 0.52% U₃O₈, that included 0.4 metres at 2.9% U₃O₈.
  • Select samples from PG25-07A were fast-tracked for assay to confirm
    uranium grades and mineral composition. Full assays from all holes remain pending.
  • A total of 5,030 metres were completed across 11 holes before wildfires curtailed the planned 5,400-metre summer drill program.
  • Additional drilling at Serin and Turaco targets, within the Dorado Project, has provided valuable data for calibration of the project’s geophysics.
  • Celeste project drill program deferred due to ongoing wildfire risks across northern Saskatchewan .
  • Follow-up programs planned for early 2026 pending final assays and geologic/geophysical interpretation.

Despite having time and budget remaining, the program was cut short due to regional wildfires that limited helicopter access and created hazardous field conditions. As a result, drilling at the nearby Celeste project, also a Purepoint-IsoEnergy joint venture, has been deferred to a future program.

Table 1: Assay Results of Nova Discovery Drill Holes Received to Date

Hole ID

From (m)

To (m)

Length

% U3O8

PG25-07A

384.3

386.4

2.1

1.62

Includes

386.0

386.4

0.4

8.13

391.8

396.7

4.9

0.52

Includes

392.6

392.9

0.3

2.47

Includes

394.5

394.9

0.4

2.92

399.4

399.7

0.3

0.24

402.2

402.8

0.6

0.25

Previously Reported Assays

PG25-04

386.3

386.9

0.6

0.96

409.1

409.5

0.4

0.15

PG25-05

328.9

329.9

1.0

2.19

Includes

329.2

329.5

0.3

5.38

399.3

399.6

0.3

0.10

Turaco Grid Drilling

Two holes (TUR25-01 and TUR25-02) totaling 832 metres were completed at the Turaco Grid, targeting two parallel, newly reinterpreted airborne electromagnetic (EM) conductors within Zone 3. Neither hole encountered anomalous radioactivity, but both the results will help calibrate the Dorado Project’s updated geophysical model. The highest radioactivity returned from the downhole probe was 578 CPS.

Serin Grid Drilling

Two holes (SL25-10 and SL25-11) were drilled at the Serin Grid, totaling 1,032 metres. While uranium mineralization was not encountered in SL25-10, anomalous radioactivity was hosted by a 6-metre-wide chloritized pegmatite in SL25-11 and returned up to 1,200 CPS from the downhole gamma probe. The drill hole results provide valuable insights into the basement geology and structural context that will guide future targeting.

Next Steps

Purepoint and IsoEnergy are now awaiting the full suite of geochemical assays and structural interpretations for the 2025 drill program. The results will support detailed planning for follow-up drilling in 2026, focused on expanding Nova and testing priority corridors across the broader Dorado Project property.

About the Dorado JV Project

The Dorado Project (Figure 3) is the flagship project of the IsoEnergy-Purepoint 50/50 joint venture, a partnership encompassing more than 98,000 hectares of prime uranium exploration ground. The Dorado Project includes the former Turnor Lake , Geiger, Edge, and Full Moon properties, all underlain by graphite-bearing lithologies and fault structures favorable for uranium deposition.

Recent drilling by IsoEnergy east of the Hurricane Deposit has intersected strongly elevated radioactivity in multiple holes. The anomalous radioactivity confirms the continuity of fertile graphitic rock package and further highlights the opportunity for additional high-grade discoveries across the region.

The shallow unconformity depths across the Dorado Project property—typically between 30 and 300 metres—allow for highly efficient drilling and rapid follow-up on results.

Gamma Logging and Geochemical Assaying

A Mount Sopris 2PGA-1000 downhole total gamma probe was utilized for radiometric surveying. All drill intercepts are core width and true thickness is yet to be determined.

Core samples are submitted to the Saskatchewan Research Council (‘ SRC ‘) Geoanalytical Laboratories in Saskatoon . The SRC facility is independent of IsoEnergy and Purepoint and is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed for a multi-element suite, including uranium, using partial and total digestion and inductively coupled plasma (ICP) mass spectroscopy (MS) and optical emission spectroscopy (OES) methods. Boron sample analysis includes by fusion in a Na2O2/NaCO3 flux. followed by solution in deionized water and analysis by ICP-OES. The U 3 O 8 % values reported here are derived from uranium-total (Ut) results measured by total digestion preparation followed by ICP-OES analysis. The Ut results are reported by SRC in parts per million (ppm) and are converted to U 3 O 8 % by multiplying by 1.17924 and dividing by 10,000.

The basement rock drill core is NQ in size and samples are created in the field by spitting the core in half. Field duplicate samples are also created in the field by spitting every 30th sample of remaining core; one quarter is sent to the laboratory and one quarter of the core remains in the core box. Data verification includes internal SRC laboratory quality assurance and quality control (QA/QC), blanks, comparison of results of the duplicate samples and variance of standard samples.

References

Alonso, D., Dalidowicz, F., Mondy, J., 1991: Henday Lake Project 1991 Winter Activities and Results, Cogema Canada Limited.
Saskatchewan Mineral Assessment File Number 74I-0053.

Cutts, C. and Lesiczka, M., 2007: Henday Lake Project 2007 Activities and Results, Areva Resources Canada Inc.
Saskatchewan Mineral Assessment File Number 74I08-0071.

Donmez, S., 2013: Hatchet Lake Project, Richardson Lake Area , Winter 2013 Diamond Drilling Program, Denison Mines Corp.
Saskatchewan Mineral Assessment File Number MAW00308

Goulet, D., Pascal, M., and Donmez, S., 2015: Murphy Lake Diamond Drilling Program and Slingram Moving Loop Surface Transient
Electromagnetic Survey, Denison Mines Corp., Saskatchewan Mineral Assessment File Number MAW01724

Munholland, P. and Bingham, D., 1999: Henday Lake Project 1999 Activities and Results, Cogema Resources Inc. Saskatchewan
Mineral Assessment File Number 74I09-0062.

Qualified Person Statement

The scientific and technical information contained in this news release relating to IsoEnergy and Purepoint was reviewed and approved by Dr. Dan Brisbin , P.Geo., IsoEnergy’s Vice President, Exploration and Scott Frostad BSc , MASc, P.Geo., Purepoint’s Vice President, Exploration, who are ‘Qualified Persons’ (as defined in NI 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’)).

For additional information with respect to the current mineral resource estimate for IsoEnergy’s Hurricane Deposit, please refer to the Technical Report prepared in accordance with NI 43-101 entitled ‘Technical Report on the Larocque East Project, Northern Saskatchewan, Canada ‘ dated August 4, 2022 , available under IsoEnergy’s profile at www.sedarplus.ca .

This news release refers to properties other than those in which IsoEnergy and Purepoint have an interest. Mineralization on those other properties is not necessarily indicative of mineralization on the Joint Venture properties.

About IsoEnergy Ltd.

IsoEnergy (NYSE American: ISOU; TSX: ISO) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada , the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada’s Athabasca basin, which is home to the Hurricane deposit, boasting the world’s highest-grade indicated uranium mineral resource. IsoEnergy also holds a portfolio of permitted past-producing, conventional uranium and vanadium mines in Utah with a toll milling arrangement in place with Energy Fuels. These mines are currently on standby, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada . Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation’s McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

www.isoenergy.ca

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. This forward-looking information may relate to additional planned exploration activities, including the timing thereof and the anticipated results thereof; and any other activities, events or developments that the companies expect or anticipate will or may occur in the future.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, that planned exploration activities are completed as anticipated; the anticipated costs of planned exploration activities, the price of uranium; that general business and economic conditions will not change in a materially adverse manner; that financing will be available if and when needed and on reasonable terms; and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Joint Venture’s planned activities will be available on reasonable terms and in a timely manner. Although each of IsoEnergy and Purepoint have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current views of IsoEnergy and Purepoint with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by IsoEnergy and Purepoint, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include but are not limited to the following: the inability of the Joint Venture to complete the exploration activities as currently contemplated; ; uncertainty of additional financing; no known mineral resources or reserves; aboriginal title and consultation issues; reliance on key management and other personnel; actual results of technical work programs and technical and economic assessments being different than anticipated; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions. Other factors which could materially affect such forward-looking information are described in the risk factors in each of IsoEnergy’s and Purepoint’s most recent annual management’s discussion and analyses or annual information forms and IsoEnergy’s and Purepoint’s other filings with the Canadian securities regulators which are available, respectively, on each company’s profile on SEDAR+ at www.sedarplus.ca . IsoEnergy and Purepoint do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE IsoEnergy Ltd.

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Dollar Doubts: Why Crypto Could Gain Ground As An Investor Safe-Haven

Investing 4 Mins Read

The US’ growing debt burden and rising borrowing costs are sharpening questions about the long-term credibility of the dollar, while simultaneously opening the door for cryptocurrencies to position themselves as alternatives for investors seeking protection from inflation.

A new report from Grayscale, the world’s largest digital asset investment platform, argues that macroeconomic imbalances in the US could drive increasing demand for crypto assets.

“Because of the large debt stock, rising interest rates, and a lack of other viable means for dealing with it, the US government’s commitment to control money supply growth and inflation may no longer be fully credible,” the firm said in its analysis.

A question of trust in money

Modern fiat currencies function only as long as people believe governments will preserve their value.

In practice, that means limiting money supply growth and keeping inflation low. Since the 1990s, delegating this responsibility to independent central banks has largely worked, anchoring expectations and fostering decades of relative stability.

But Grayscale notes that history is full of examples where governments have broken that trust, turning to the printing press to ease fiscal strain.

Today, the US finds itself in a precarious position: public debt has climbed to roughly 100 percent of gross domestic product, interest expenses are rising as bond yields climb, and Washington continues to run persistent deficits.

The report argues that the credibility gap is widening.

“If holders of US Dollar-denominated assets come to believe” that inflation will be tolerated as a tool for managing debt, Grayscale wrote, “they may seek out alternative stores of value.”

In most countries, inflation fears are local problems. In the case of the dollar, the stakes are far higher. The Federal Reserve estimates the US currency accounts for 60 to 70 percent of international use, compared with 20 to 25 percent for the euro and less than 5 percent for the Chinese renminbi.

That dominance means any loss of confidence in the dollar’s stability ripples across global finance. According to Grayscale, this is why risks tied to US debt are not the “most severe” compared to emerging markets but remain “the most important.”

The US fiscal picture deteriorated after the 2008 financial crisis and worsened during the pandemic. From 2007 to today, average annual deficits have swelled from 1 percent to about 6 percent of GDP, pushing total debt to nearly US$30 trillion.

Much of this was sustainable when interest rates were near zero. But the era of cheap borrowing has ended.

As debt is refinanced at higher rates, interest outlays absorb a larger share of federal spending, squeezing room for other priorities and raising the prospect of a “snowball effect” where debt grows faster than the economy.

Enter crypto

This backdrop has fueled interest in alternative monetary assets that are insulated from political pressures.

Gold has long played that role, but Grayscale points to Bitcoin and Ethereum as digital equivalents with unique advantages.

“These cryptocurrencies have certain design features that can make them a refuge, when needed, from conventional fiat money,” the report said.

Bitcoin’s supply is capped at 21 million coins, its issuance schedule is transparent, and no institution can arbitrarily inflate it.

Ethereum, while more complex due to its broader ecosystem of applications, also shares the qualities of decentralization and predictable supply controls.

In Grayscale’s view, these traits matter most when confidence in fiat currencies erodes. “The utility of these assets comes from what they do not do. Most importantly, they will not increase in supply because a government needs to service its debt.”

Despite this, Grayscale does not argue that crypto’s rise is inevitable. A credible restoration of US fiscal discipline and central bank independence could limit the appeal of alternative assets.

Feasible measures, according to the report, might include stabilizing and reducing the debt-to-GDP ratio, reaffirming the Fed’s inflation target, and resisting political pressure on monetary policy.

History itself can serve as a roadmap for this. Gold soared in the 1970s when inflation ran high and institutional credibility faltered, but lost ground in the 1980s and 1990s as the Fed restored trust and inflation fell. A similar trajectory could shape crypto’s role.

For now, the macro picture points in the opposite direction. With deficits entrenched and debt swelling, investors face a world where the dollar’s long-term credibility is in question.

In such an environment, Grayscale argues, crypto assets can serve as a crucial alternative.

“As long as those risks are getting larger, the value of assets that can provide a hedge against that outcome arguably should be going higher,” the report concluded.

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

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Investing

Landsat Data Shapes Lithium Mining Plans at Nevada’s Thacker Pass

Investing 3 Mins Read

A Nevada lithium project central to US efforts to secure domestic mineral supply is leaning on a half-century-old satellite program for modern answers.

The Geological Survey’s Landsat program, managed with NASA, has provided continuous Earth observations since 1972. Its freely available images allow scientists and industry leaders to measure landscape changes with precision.

In northern Nevada, those insights are proving crucial as Lithium Americas works to advance Thacker Pass in a way that meets strict environmental and land-use standards.

“Landsat imagery is valuable for critical minerals project development because it provides consistent, long-term data that document land use changes and geological features, assess environmental receptors and support planning decisions,” said Alexi Zawadzki, president of North American operations for Lithium Americas (NYSE:LAC), in a USGS report.

When planning began, Landsat data revealed that the original mine site overlapped with important sage-grouse habitat.

Although the bird is not a protected species, its sharp population decline since the 1960s has made it an indicator of ecosystem health in Nevada’s rangelands. The finding prompted developers to shift the project six miles south, away from prime territory.

Water use is another critical challenge faced by the project. Landsat data has been paired with field checks to estimate groundwater levels, using differences in vegetation to infer depth.

With this data, the Thacker Pass project aims to recycle processed water up to seven times and to operate as a “zero liquid discharge facility.”

Unlike traditional lithium brine operations, the project will extract lithium from clay deposits. Tailings will be stored in dry facilities and later reused for reclamation work.

Economic promise

Lithium Americas estimates construction of Thacker Pass could generate more than US$700 million annually and support 1,800 jobs. Once operational, economic activity linked to the mine could average US$2.1 billion per year, according to a University of Nevada, Reno study.

Lithium is a cornerstone of batteries that power smartphones, laptops, and electric vehicles. The US ranks third globally in known lithium resources but remains dependent on imports.

Due to the resource’ growing importance, developing domestic supply has become a matter of both industrial policy and national security.

Landsat’s value, is hardly confined to mining. A 2023 economic analysis placed its annual contributions to US industries at US$25.6 billion, spanning everything from gold exploration to reduced insurance costs for farmers.

For Thacker Pass, the test will come as mining gets underway. But for now, the view from space has already reshaped how the project is planned and envisioned moving forward.

By applying Landsat data, planners hope to show that resource extraction and environmental stewardship can advance together.

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

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Investing

Angkor Resources Advances Community Development In Ratanakiri, Cambodia

Investing 4 Mins Read

(TheNewswire)

GRANDE PRAIRIE, ALBERTA TheNewswire – (September 18, 2025): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) proudly announces  its continuing community development program with basic infrastructure for transportation improvements.

Angkor has led community development across its multiple projects since it first entered Cambodia, believing that collaboration with communities to jointly find solutions to their needs is  instrumental in advancing successful projects.  Management believes that building trust is a component of making communities stronger, and that relationship affects the economics of every project Angkor undertakes.

Angkor’s agreement with the Indigenous Communities covers listening and collaborating for solutions in a variety of areas from education, water and sanitation, agricultural improvements, land use, numeracy and literacy, as well as infrastructure.   Angkor is rarely asked for assistance on materials for infrastructure as the community generally contributes what the members have access to in order to build out a structure.   Like anywhere across waterways, bridges are an important element of infrastructure.  In remote areas without access to steel beams, communities stretch the resources within their network to ensure their people have the ability to transport themselves and their wares to market.


Click Image To View Full Size

Figure 1 Community bridge built by Indigenous communities in Ratanakiri requiring repairs

The communities asked for assistance with repairing and reinforcing the bridge.  They undertake the work, source the beams in the forest and cut, transport, and customize them at site.  In this case, the plans were laid out by the community construction team and Angkor was asked to contribute $200 towards steel components to help secure the structure. As a foreign company, Angkor provides encouragement and participation to the community as they identify and create their own solutions to community issues. This model continues to position Angkor in a trusted role.


Click Image To View Full Size

Figure 2 Local members of Tang Se community met with Angkor’s Community Development team for collaboration of bridge repairs and reinforcements.

As well, Angkor continues to support teaching of English in the rural communities.   Because instruction takes place in the evening, and the communities requested lighting for students, several solar lamps were provided by Angkor, installed and continue to provide necessary illumination at primary points in the community in the evening.


Click Image To View Full Size

Figure 3 Evening classes at Tang Se Village, powered by solar lamps donated by Angkor.

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 expanding jurisdictions. The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, is advancing a 30-year Production Sharing Contract for onshore oil and gas development in the southwest quadrant of Cambodia called Block VIII.  Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Western Canada.

CONTACT: Delayne Weeks – CEO

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

Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

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

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Business

Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

Business 3 Mins Read

Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever.

Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could no longer ‘in good conscience’ remain an employee of the company and said the company had been ‘silenced.’

He said the company’s values and campaigning work on ‘peace, justice, and human rights’ allowed it to be ‘more than just an ice cream company’ and said the independence to pursue this was guaranteed when Anglo-Dutch packaged food giant Unilever bought the brand in 2000 for $326 million.

Cohen’s statement didn’t mention Israel’s ongoing military operation in Gaza, but Ben & Jerry’s has been outspoken on the treatment of Palestinians for years and in 2021 withdrew sales from Israeli settlements in what it called ‘Occupied Palestinian Territory.’

Greenfield’s resignation comes five months after Ben & Jerry’s filed a lawsuit accusing Unilever of firing its chief executive, David Stever, over his support for the brand’s political activism. In November last year Ben & Jerry’s filed another lawsuit accusing Unilever of silencing its public statements in support of Palestinian refugees.

‘It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone,’ Greenfield said.

‘And it’s happening at a time when our country’s current administration is attacking civil rights, voting rights, the rights of immigrants, women, and the LGBTQ community,’ he added.

Jerry Greenfield, left, and Bennett Cohen, the founders of Ben and Jerry’s founders, in Burlington, Vt., in 1987.Toby Talbot / AP file

Richard Goldstein, the then president of Unilever Foods North America, said in a statement after the sale in 2000 that Unilever was ‘in an ideal position to bring the Ben & Jerry’s brand, values and socially responsible message to consumers worldwide.’

But now Greenfield claims Ben & Jerry’s ‘has been silenced, sidelined for fear of upsetting those in power.’ He said he would carry on campaigning on social justice issues outside the company.

The financial performance of the Ben & Jerry’s brand isn’t made public but Unilever’s ice cream division made 8.3 billion Euros ($9.8 billion) in revenue in 2024. Unilever is in the process of spinning off its ice cream division, however, into a separate entity which involves cutting some 7,500 jobs across its brands globally.

Cohen and Greenfield founded the business in 1978 in Burlington, Vermont, where it is still based.

NBC News has contacted Unilever for comment overnight but had not received any at the time of publication.

This post appeared first on NBC NEWS

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Investing

Empire Metals Limited Announces Director/PDMR Shareholding

Investing 3 Mins Read

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF),the AIM-quoted resource exploration and development company, announces that it was notified today that Mr Shaun Bunn, Managing Director, purchased 40,000 ordinary shares of no par value in the share capital of the Company (‘Ordinary Shares’) at a price of 36.25 pence each.

Following this purchase, Mr Bunn’s total beneficial ownership in the Company is 2,251,111 Ordinary Shares representing 0.32% of the Company’s issued share capital.

**ENDS**

For further information please visit www.empiremetals.co.uk or contact:

About Empire Metals Limited

Empire Metals is an AIM-listedand OTCQX-traded exploration and resource development company (LON: EEE,OTCQX: EPMLF) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.

The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the in-situ mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, in-situ bedded TiO₂ mineralisation, each being over 7km in strike length.

An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the in-situ weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.

The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside.

Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.

The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.

*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. See RNS dated 12 June 2024 for full details.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Source

Click here to connect with Empire Metals Limited (LON:EEE)(OTCQX:EPMLF) to receive an Investor Presentation

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