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Card-reading contact lenses, X-ray poker tables, trays of poker chips that read cards, hacked shuffling machines that predict hands. The technology alleged to have been used to execute a multistate, rigged poker operation sounds like it’s straight out of Hollywood.

And those were only some of the gadgets that authorities say were used to swindle millions of dollars from unsuspecting victims through rigged, high-dollar, underground poker games over more than five years.

A sprawling indictment unsealed Thursday by the U.S. attorney for the Eastern District of New York charged Chauncey Billups, the head coach of the NBA’s Portland Trail Blazers, and Damon Jones, a former NBA player, along with members of the Mafia and dozens of other defendants, with being part of a conspiracy.

The victims were “at the mercy of concealed technology, including rigged shuffling machines and specially designed contacts lenses and sunglasses to read the backs of playing cards, which ensured that the victims would lose big,” U.S. Attorney Joseph Nocella of Brooklyn said in a statement.

Cheating at poker is as old as poker itself. But today, wearable tech and nano-cameras are putting even upstanding poker players on their guard.

The defendants used “special contact lenses or eyeglasses that could read pre-marked cards,” Nocella said at a news conference announcing the indictments.

He also showed a photo of an X-ray table that “could read cards face down on the table … because of the X-ray technology.”

An X-ray poker table in an image from defendant Robert Stroud’s iCloud account.U.S. Justice Department

“Defendants used other cheating technologies, such as poker chip tray analyzers, which is a poker chip tray that secretly reads cards using a hidden camera,” he said.

And while marking poker cards so they are visible only with special eyewear is an old trick, new radio-frequency identification and infrared technologies have ramped up the sophistication levels.

Technically speaking, many of the devices involved in the alleged scam authorities detailed Thursday are relatively cheap to manufacture, said Sal Piacente, a gaming security consultant.

By the time they reach their customers, however, the cost of industrial shufflers or tables can easily approach $100,000, once distributors and middlemen are factored in.

“You could make a lucrative career buying this stuff,” Piacente said.

Casino and gaming security consultants told NBC News that the alleged scheme was possible only because the games were underground. In backrooms, there was none of the surveillance tech that reputable casinos use to catch players cheating.

“A lot of the features which made this scheme so successful would have been ID’d a lot sooner, or very quickly, in a traditional regulated gaming environment,” said Ian Messenger, a former U.K. law enforcement officer and founder and CEO of the Association of Certified Gaming Compliance Specialists.

More than any other tech, it was the reprogramming of the industrial card shufflers — identified in charging documents as Deckmate-brand machines — that authorities said was key to the alleged game rigging.

A DeckMate 2 shuffler taken apart on a table in an image from defendant Shane Hennen’s iCloud account. U.S. Justice Department

Deckmates are not sold directly to the public — though many used ones can be found for sale online. The ones at the high-dollar games cited in the indictment could read cards and predict which player had the best hand. Neither Deckmate nor its parent company, Light & Wonder, were implicated in any way in Thursday’s indictments.

A spokesman for Light & Wonder told NBC News in a statement that the company was aware of reports about the charges against people but said they were not affiliated with the company.

“We sell and lease our automatic card shufflers and other gaming products and services only to licensed casinos and other licensed gaming establishments,” said Andy Fouché, the company’s vice president of communications. “We will cooperate in any law enforcement investigation related to this indictment.”

Reprogramming shufflers is not a new trick. In 2023, hackers at the Black Hat security conference in Las Vegas presented research showing how to hack a Deckmate shuffler and use it to cheat.

The rigged shuffler machines would transmit information about the players’ hands to an off-site “operator,” according to prosecutors.

The computer program showing information transmitted by the rigged shuffling machine in an image from defendant Shane Hennen’s iCloud account. U.S. Justice Department

The operator would then communicate the information to someone else at the table, dubbed the “quarterback.” The victim was known as the “fish.”

Here, the high-tech gadgets met the low-tech of a card game.

The quarterback might touch the $1,000 poker chip or tap his chin or touch his black chips to indicate who at the table had the best hand.

Text messages obtained by prosecutors also appear to show defendants concerned that a fish would leave the table if he lost too many hands.

“Guys please let him win a hand he’s in for 40k in 40 minutes he will leave if he gets no traction,” read one text message released by authorities.

But according to Messenger, the consultant, it was not the tech that made the alleged scheme so successful for so long. What set it apart was the level of communication.

For example, he said, the card information had to be seamlessly passed from the dealing machines to an off-site operator and back to a person back at the table, all without alerting the fish.

“The piece that made this so successful was the coordination, not the technology,” he said.

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Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company’ or ‘Lahontan’) is pleased to announce that the Company has completed the Purchase (the ‘Purchase‘) of 27 unpatented lode mining claims (the ‘York claims‘) from Emergent Metals Corp (‘Emergent‘). The York claims are contiguous with the southeast corner of the Santa Fe Mine Project and provide a compelling opportunity to significantly expand oxide gold and silver mineral resources previously defined at the York deposit*. Modeling of drill data during the mineral resource estimation process suggests that gold and silver mineralization likely extends onto the York claims. This targeting concept was in part validated by Lahontan’s recent drilling campaign where reverse-circulation drill hole YOR25-001R cut 89.9 metres (45.7 – 135.6m) grading 0.23 g/t gold (please see Lahontan Gold News Release dated September 2, 2025). The Company is currently planning additional drilling at the York target area for this Fall. With the addition of the York claims, the Company now owns or controls 415 unpatented lode mining claims, 67 unpatented millsite claims, and 24 patented lode mining claims encompassing over 2,832 ha or 28.3 km2 of mineral rights in one of the World’s premier gold belts: Nevada’s Walker Lane.

Kimberly Ann, Lahontan Founder, Chair, CEO, and President commented: ‘Lahontan is excited to have completed the Purchase of the York claims. The gold and silver resource expansion potential, combined with the ability to further layback the York pit in potential future mining operations, makes the Purchase a strategic acquisition for the Company. Lahontan now controls a district-scale land package that, despite prolific past production and the completion of over 1,200 drill holes, remains largely unexplored with multiple targets for resource expansion and new discoveries.’

Terms of the Purchase include:

  • Lahontan has paid Emergent’s U.S. subsidiary, Golden Arrow Mining Corporation (‘GAMC‘), a sum of US$10,000.
  • Lahontan has issued 2,000,000 common shares of Lahontan Gold Corp. to Emergent.
  • GAMC will facilitate the transfer of the York Claims to Lahontan or its designee, to be completed within 30 days of today’s date.
  • As part of the transfer, Lahontan has granted GAMC a 1% NSR royalty (the ‘Royalty‘) on the York Claims. At any time before the third anniversary of the Agreement, Lahontan may purchase the Royalty for US$500,000. After the third and before the seventh anniversary of the Agreement, Lahontan may purchase the Royalty for US$1,000,000.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, and Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair

Phone: 1-530-414-4400

Email: Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange(‘TSXV’) nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently 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 statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedarplus.com.

Click here to connect with Lahontan Gold (TSXV:LG,OTCQB:LGCXF) to receive an Investor Presentation

Source

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Company claims 7,637 hectares of new concessions adjacent to its flagship Tahami Project and Aris Mining operation in Segovia, increasing the project footprint from 17,087 to 24,724 hectares and building on recent fieldwork success

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce that it has successfully claimed six new mineral concessions totaling 7,637 hectares, strategically expanding its land position within the Segovia gold district of Antioquia, Colombia. The new claims are contiguous with both the Company’s flagship Tahami Project and properties held by Aris Mining, strengthening Quimbaya’s presence in Segovia.

TECHNICAL FACTS SECTION:

The concessions claimed include the following applications:

  • License 510895 (4,147.91 ha)
  • License 511616 (363.73 ha)
  • License 511617 (703.01 ha)
  • License 511680 (43.95 ha)
  • License 511709 (764.03 ha)
  • License 511874 (1,614.77 ha)

These areas were prioritized following detailed structural interpretation, surface mapping of existing claims, and geochemical sampling on the existing Tahami Project that support the thesis of the continuation of gold-bearing systems across the district.

Alexandre P. Boivin, President and CEO, commented:

‘As a well-established player in Colombia, Quimbaya understands how to build a coherent and strategic exploration portfolio. This latest expansion is a natural continuation of our technical work on the ground and reinforces our long-term commitment to value creation through disciplined land positioning.’

Ricardo Sierra, VP Exploration, commented:

‘The additional ground provides valuable extensions to areas we have been actively exploring. Based on preliminary geological observations and our structural interpretation of the district, we see strong potential for continuity of mineralized systems within these newly claimed areas. These claims are an important step as we broaden our exploration focus across the Tahami Project.’

Figure 1

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/271628_cc6f7404f460696b_001full.jpg

Figure 2

To view an enhanced version of this graphic, please visit:
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STRATEGIC POSITIONING

The expansion brings Quimbaya’s total land holdings at Tahami to 24,724 significantly enhancing the project’s scale and continuity. The new claims align with known mineralized corridors related to the Segovia vein system and emerging porphyry targets. This additional footprint allows the Company to better control district-scale exploration while maintaining proximity to high-grade production centers.

The Company will continue to refine its regional targeting and prioritize areas for follow-up work in Q4 2025. This expansion aligns with Quimbaya’s broader strategy of building a high-impact, district-scale portfolio within Colombia’s most prolific gold regions.

Qualified Person

The information in this report that relates to Interpretation results and observations is based on information reviewed by Mr. Ricardo Sierra, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy (AusIMM), and a Qualified Person as defined by National Instrument 43-101. Ricardo Sierra consents to the inclusion of Exploration Results based on the information and in the form and context in which it appears.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Gold is making a powerful comeback as a cornerstone of the global financial system—but it’s not alone. Digital assets and cryptocurrencies are rapidly transforming how capital moves across markets. Instead of competing, gold and crypto are increasingly converging, opening new opportunities for investors and reshaping the future of money.

Highlights:

  • Gold’s growing importance in a digital financial world
  • How crypto and gold are converging to reshape markets
  • Investor-focused insights on mining equities and portfolio strategy
  • Live Q&A with Ravi Sood

Don’t miss this chance to understand the forces shaping the future of money—and position your investments ahead of the next global shift.

Click here to register for the webinar

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North Shore Uranium Ltd. (TSXV:NSU) (‘North Shore‘ or the ‘Company‘) is pleased to announce that it has met its final earn-in obligation for the West Bear property (‘West Bear‘)under an option agreement dated April 18, 2022 (as amended, the ‘West Bear Option Agreement‘) with Gem Oil Inc. (‘Gem Oil‘), giving the Company the right to acquire a 75% interest in West Bear. West Bear consists of four mining claims totaling 3,927 hectares at the eastern margin of the Athabasca Basin in Saskatchewan.

To satisfy the final $50,000 payment for West Bear, the Company issued 263,157 common shares (the ‘Option Shares‘) at a deemed price of $0.19 per share to Gem Oil. The Options Shares were issued in accordance with the West Bear Option Agreement and are subject to a statutory hold period under applicable Canadian securities laws and a TSX Venture Exchange hold period, both expiring four months and one day from the date of issuance (February 23, 2026). Upon completion of this payment, North Shore has earned a 75% interest in West Bear and a joint venture will be formed with North Shore holding a 75% interest and Gem Oil holding a 25% interest. Gem Oil will be granted a 2% net smelter returns royalty (‘NSR‘), of which North Shore may purchase 1% for $1,000,000 at any time. North Shore retains the right to acquire the remaining 25% interest in West Bear by paying Gem Oil $200,000 in cash and issuing $200,000 in North Shore common shares within 90 days of delivering the Initial Interest Notice to Gem Oil. If North Shore does not exercise this right within the 90-day period, or fails to complete the acquisition, a participating joint venture will be formed as described above.

West Bear is located approximately 35 km southeast of the Cigar Lake uranium mine, and 50 km south of the McClean Lake uranium mill. The West Bear uranium and cobalt-nickel deposits held by Uranium Energy Corp. (‘UEX/UEC‘) are located just north of the property (Figure 1 below). The unconformity between the Athabasca Basin sandstone and the underlying basement rocks crosses the western portion of the property (Figure 1). West Bear saw significant uranium exploration activity between the 1960s and 2015, with a total of 15 exploration holes being drilled, including three by Denison in 2015. Historical exploration data evaluated by the Company includes high-resolution electromagnetic airborne geophysical surveys. In 2022 North Shore completed a gravity-magnetic-radiometric airborne survey over West Bear. The Company has selected several targets that warrant further exploration and evaluation of all exploration data is ongoing.

ABOUT NORTH SHORE

The nuclear power industry is in growth mode as more nuclear power will be required to meet the world’s ambitious CO2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this environment, new discoveries of economic uranium deposits could be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is well-positioned to become a major force in exploration for economic uranium deposits. The Company is working to achieve this goal by exploring its Rio Puerco project in the Grants Uranium District of New Mexico and the Falcon and West Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan. In addition, the Company continues to evaluate quality opportunities in the United States and Canada to complement its portfolio of uranium properties.

Technical information on the West Bear property is provided in the 2023 technical report entitled ‘Technical Report for the West Bear Property, Saskatchewan, Canada’ filed under the profile of North Shore Uranium at www.sedarplus.ca.

QUALIFIED PERSON

Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and approved the scientific and technical disclosure in this press release.

ON BEHALF OF THE BOARD

Brooke Clements,
President, Chief Executive Officer and Director

For further information please contact: Brooke Clements, President, Chief Executive Officer and Director

Telephone: 604.536.2711
Email: b.clements@northshoreuranium.com
www.northshoreuranium.com

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.

Forward-Looking Statements

This news release contains forward-looking statements relating specifically to the West Bear Property earn-in and the Company’s broader exploration strategy. Forward-looking statements in this release include: the formal completion of the West Bear property earn-in from Gem Oil Inc.; the issuance of common shares to satisfy the final property payment; the formation of a joint venture with Gem Oil and the grant of a net smelter returns royalty; North Shore’s right to acquire the remaining 25% interest in West Bear; the identification of several exploration targets at West Bear; the Company’s belief that it is well-positioned to become a major force in exploration for economic uranium deposits; the Company’s ongoing work to achieve this goal by exploring the Rio Puerco project in New Mexico and the Falcon and West Bear properties in Saskatchewan; and the Company’s continued evaluation of additional uranium opportunities in the United States and Canada. These statements are subject to specific risks and uncertainties, including: the risk that the West Bear Property earn-in may not be completed as anticipated; the risk that the joint venture may not be formed or operated as planned; the risk that North Shore may not exercise its right to acquire the remaining 25% interest; the risk that identified exploration targets may not yield economically viable mineral deposits upon further exploration or drilling; the potential for delays or changes in exploration plans due to environmental conditions, permitting requirements, or logistical challenges in accessing certain areas of the West Bear Property; and the reliance on historical data and previous exploration results, which may have limitations or uncertainties that affect current interpretations. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘project’, ‘appear’, ‘interpret’, ‘coincident’, ‘potential’, ‘confirm’, ‘suggest’, ‘evaluate’, ‘encourage’, ‘likely’, ‘anomaly’, ‘continuous’ and variations of these words as well as other similar words or statements that certain events or conditions ‘could’, ‘may’, ‘should’, ‘would’ or ‘will’ occur. These statements are subject to various risks and uncertainties that may cause actual results to differ materially from those anticipated or implied, including, but not limited to: the speculative nature of mineral exploration and development projects; the ability to obtain necessary permits and approvals; changes in project plans and parameters; variations in mineral grades and recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of funding on terms acceptable to the Company; delays in obtaining governmental approvals or financing; fluctuations in uranium and other metal prices; and other factors described in the Company’s public disclosure documents. There may be other factors that cause actual results, performance, or achievements to differ materially from those anticipated or implied by the forward-looking statements. 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 undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

Source

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A newly released State of CleanAI report from the Toronto-based CleanAI Initiative delivers a compelling snapshot of a sector quietly revolutionizing the clean economy transition. This sector is the application of artificial intelligence (AI) to climate solutions, collectively known as cleanAI.

The report points to a niche subsector that merges AI and sustainability moving rapidly from niche to mainstream, with venture capital funding surpassing US$50 billion since 2020.

This milestone is particularly notable given that the broader cleantech sector has experienced a slowdown. Instead, cleanAI shows robust growth, accounting for 10 percent of global AI venture funding.

The United States leads by a significant margin, accounting for roughly 60 percent of total investments at over US$30 billion during the time measured. Sweden, Germany, China and Canada follow with investment totals ranging between US$2 billion and US$5 billion.

For Canadian investors and innovators, cleanAI represents a substantial area of growth, with over 155 deals to date indicating a vibrant and expanding market.

The forecast is equally optimistic. CleanAI investments are on pace to surpass US$60 billion by 2026, signaling increasing investor confidence in AI’s role as a force multiplier for climate action. These markets represent multi-trillion-dollar opportunities extending over decades, where AI not only facilitates efficiencies but can also unlock entirely new pathways for sustainability.

The scope and impact of cleanAI technologies

The report identifies six main cleanAI application sectors:

  • Energy and Power, using AI to optimize renewables, grid flexibility, storage and green hydrogen.
  • Materials and Chemicals, featuring AI for process optimization, material discovery, carbon-to-fuel and R&D. This was projected to be the fastest-growing category.
  • Agriculture and Food, using AI to boost sustainable yields through regenerative agriculture, soil carbon measurement, biofertilizers and plant-based protein.
  • Transportation and Logistics, optimizing EV fleets, shipping, charging infrastructure and sustainable sourcing through AI.
  • Resources and Environmental Management, improving carbon capture, water efficiency, environmental quantification, traceability and the circular economy.
  • Waste and Recycling, using emerging AI solutions for smart sorting, reuse monitoring, and traceability, aim to increase recycling and reduce landfills.

Investment trends: Energy power leads, materials and chemicals rising

The report found that energy and power technologies dominate, garnering about 51 percent of total cleanAI investments year-to-date in 2025, driven by pressing decarbonization needs and the maturity of AI-enabled grid and energy solutions.

Materials and chemicals applications represent the fastest-growing portion of the investment pie, capturing investor interest through advancements in industrial efficiency and materials science enhanced by AI.

The report notes that 2025 has already been marked by several mega-deals, particularly in energy, power and materials chemicals.

Conversely, agriculture and food have seen a decline from their 2021 peak in funding, while the waste and recycling segment is just beginning to attract meaningful venture capital.

Notably, about 30 percent of investors participating in these rounds are corporate venture capital arms, such as Toshiba (TYO:6502), Mitsubishi (OTC Pink:MIMTF) and Samsung (HKEX:2814).

Challenges and key themes

Despite the progress, the report highlights several challenges for scaling cleanAI. A top concern is the increasing energy consumption of AI technologies themselves, which could counteract their climate benefits if not managed carefully.

However, the potential net gains from AI-driven efficiency improvements across sectors suggest the overall climate impact of cleanAI remains very positive.

Another major barrier is “siloed expertise”, meaning that few investors and innovators possess the combined skill set that marries deep AI knowledge with climate science. The authors note tht this limits capital flows and impedes cross-domain collaboration, underlining the need for integrated approaches to innovation in this space.

The rapid evolution of AI tools adds complexity to the cleanAI market, making strategic insight and careful navigation essential for investors and companies alike.

The future: mainstreaming cleanAI

The CleanAI Initiative’s report portrays a sector at a point where momentum from venture capital, corporate partnerships, and technology converge to accelerate the transition to a clean economy.

For investors, cleanAI offers multi-layered opportunities, from early-stage startups to corporate venture capital targeting strategic growth. The multi-trillion-dollar markets implicated suggest that CleanAI could continue to be a critical component of investment strategies focused on sustainability and technology leadership.

For investors seeking to align returns with impact, cleanAI offers a compelling and increasingly accessible frontier.

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

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Here’s a quick recap of the crypto landscape for Wednesday (October 22) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$108,323, a 1 percent decrease in 24 hours. Its lowest valuation of the day was US$107,393, and its highest was US$113,804.

Bitcoin price performance, October 22, 2025.

Chart via TradingView

Bitwise Chief Investment Officer Matt Hougan believes gold’s explosive performance this year could offer a glimpse of what lies ahead for Bitcoin, arguing that the world’s top cryptocurrency may be preparing for a similar structural breakout once its remaining pool of sellers runs dry.

Gold has surged roughly 57 percent in 2025, powered largely by sustained central bank accumulation. Bitcoin, meanwhile, has traded in a relatively narrow range between US$108,000 and US$112,000. According to Hougan, the comparison between the two assets provides a potential roadmap for their trajectory going into next year.

“Don’t look at gold’s meteoric rise with envy. Look at it with anticipation. It could end up showing us where bitcoin is headed,” Hougan wrote in a client note this week.

In addition,wWhile central banks have yet to enter the market, steady accumulation by exchange-traded funds (ETFs) and corporate treasuries has provided a similar source of structural demand.

Since the launch of spot Bitcoin ETFs in January 2024, institutions and corporations have purchased roughly 1.39 million BTC, far outpacing new supply generated by the network.

Market data this week supports the idea of renewed accumulation. Following a US$19 billion liquidation event earlier this month, spot Bitcoin ETFs recorded US$477 million in positive net inflows. This rebound has helped steady institutional confidence even as gold’s rally begins to cool after testing record highs.

Still, Bitcoin remains under short-term pressure, down more than 4 percent over the past week and trading below US$108,000.

Meanwhile, Ether (ETH) was priced at US$3,843.43, a 2.7 percent decrease in 24 hours. Its lowest valuation of the day was US$3,798.70, and its highest was US$4,106.40.

Altcoin price update

  • Solana (SOL) was priced at US$184.80, down 2 percent over the last 24 hours. Its lowest valuation of the day was US$183.38 , and its highest was US$197.26.
  • XRP was trading for US$2.39, a decrease of 2.6 percent over the last 24 hours. Its lowest was US$2.38 and its highest was US$2.53.

Fear and Greed Index snapshot

Chart via CoinMarketCap.

CMC’s Crypto Fear & Greed Index remains locked in a state of anxiety, sitting in “fear” territory (29) for seven consecutive days and markings its longest streak since April.

The sentiment gauge’s stagnation reflects a growing sense of caution among investors, as Bitcoin continues to trade within a narrow band between US$103,000 and US$115,000 for nearly two weeks.

Over the past 30 days, the index has been in greed territory for just seven days—the same period when Bitcoin reached its all-time high of YS$126,000 in early October. Since then, investor sentiment has reversed sharply. The current fear phase began on October 11, a day after the largest liquidation event in crypto history erased more than US$20 billion in leveraged positions.

Historically, similar periods of heightened fear have marked turning points for Bitcoin. The last extended stretch of fear occurred in March and April during the Trump administration’s tariff standoff with China, when Bitcoin bottomed near US$76,000.

Market analysts say the prevailing mood underscores uncertainty following the Federal Reserve’s recent policy pivot and renewed US-China trade negotiations.

Today’s crypto news to know

Senate Democrats demand Trump envoy explain undivested crypto stakes

Senate Democrats have called on Steve Witkoff, President Donald Trump’s special envoy to the Middle East, to explain why he has not divested from his crypto holdings despite federal ethics requirements.

In a letter led by Senator Adam Schiff, eight lawmakers pressed Witkoff for details on his interests in World Liberty Financial, the Trump-linked crypto firm he co-founded in 2024, and several affiliated entities.

Witkoff’s latest ethics disclosure, dated August 13, shows he still owns stakes in multiple crypto-related businesses, including WC Digital Fi LLC and SC Financial Technologies LLC. Lawmakers allege these investments pose potential conflicts of interest given his diplomatic role and the company’s business ties to the United Arab Emirates.

The scrutiny follows a New York Times report linking Witkoff’s crypto dealings to a US$2 billion Emirati investment in Binance funded through World Liberty Financial’s stablecoin, USD1.

Neither the White House nor World Liberty Financial has commented on the matter.

FalconX announced plans to acquire 21Shares

FalconX announced plans to acquire 21Shares, one of Europe’s leading crypto exchange-traded product (ETP) issuers.

The deal, confirmed Wednesday, will integrate FalconX’s prime brokerage operations, which serves over 2,000 institutional clients, with 21Shares’ portfolio of 55 listed products across Bitcoin, Ethereum, and other digital assets.

21Shares currently oversees more than US$11 billion in assets and will continue operating independently under CEO Russell Barlow following the acquisition.

While the financial terms remain undisclosed, the deal marks FalconX’s third major acquisition this year, following Arbelos Markets and Monarq Asset Management.

Hong Kong approves first spot Solana ETF

Hong Kong regulators have approved the region’s first spot Solana (SOL) exchange-traded fund.

The Securities and Futures Commission (SFC) granted authorization to China Asset Management Company (ChinaAMC) to launch the Hua Xia Solana ETF on the Hong Kong Stock Exchange on October 27.

The product will trade through OSL Exchange with OSL Digital Securities as sub-custodian and BOCI-Prudential Trustee Limited serving as the primary custodian. Each unit will consist of 100 shares, with a minimum investment of about US$100.

The fund’s debut makes Solana the third cryptocurrency—after Bitcoin and Ethereum—to receive regulatory approval for a spot ETF in Hong Kong.

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

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

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Trading resumes in:

Company: West High Yield (W.H.Y.) Resources Ltd.

TSX-Venture Symbol: WHY

All Issues: Yes

Resumption (ET): 8:00 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

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Regeneration, a Washington-based public benefit company, is turning abandoned mine waste in the river valleys of Yukon and British Columbia into responsibly sourced gold.

Founded out of the nonprofit Resolve, Regeneration uses advanced re-mining technology to extract remaining metals from historical placer sites while restoring rivers and habitats damaged by more than a century of mining.

“We shouldn’t let mine waste go to waste–we should treat it as an opportunity,” said Stephen D’Esposito, Regeneration’s president and CEO.

Regeneration’s projects began in Alaska and the Yukon, where decades of placer mining left behind mounds of sediment that smothered salmon-bearing streams.

Re-mining tailings also allows recovery of critical minerals, such as cobalt and rare earths, that earlier miners overlooked or lacked the technology to extract.

But perhaps most importantly, the company’s thrust is hinged on environmental restoration.

“Sometimes days later, we’ve had anadromous fish coming up to a site,” Carly Vynne, the company’s chief restoration officer and a biologist, told CBC.

Vynne described how recontoured riverbeds and replanted vegetation have quickly brought fish back to once-barren creeks. To date, the firm has restored 1,825 meters of streams and 20 acres of upland habitat using proceeds from gold sales.

For brands like Mejuri, partnering with Regeneration bridges environmental repair with consumer expectations. The jeweler also released its newest Salmon Gold collection last year.

The company’s mission has gained momentum as geopolitical and economic tensions send gold prices soaring.

Analysts attribute the metal’s record-breaking October rally to a wave of safe-haven demand triggered by worsening US-China trade tensions, including Beijing’s expanded export restrictions on rare earth elements and Washington’s threats of new tariffs and technology export controls.

Gold first breached the US$4,000 mark on October 8, climbing steadily as investors fled volatile equity markets and a prolonged US government shutdown added to uncertainty.

D’Esposito acknowledges that while the environmental and commercial logic of re-mining is clear, the financial model is still evolving.

“There’s no financial model that the market accepts for how you prove what’s in your tailings,” he said. “Interestingly, it’s not the business of the industry to mine waste.”

Still, with the gold market surging amid geopolitical turmoil and growing interest in ethically sourced metals, Regeneration’s timing could hardly be better.

“When a mine closes, it doesn’t have to be the end of the story,” D’Esposito emphasized.

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

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Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (‘Canada One’ or the ‘Company’) is pleased to provide an exploration review of the Combination Creek Zone at its 100% owned Copper Dome Project, (‘Copper Dome’, ‘Project’ or ‘Property’), Princeton B.C.

COMBINATION CREEK ZONE HIGHLIGHTS

  • Location: ~3.5 km south of the Copper Mountain Mine deposits

  • Historical Drilling: 5,732m of diamond drilling in 22 holes2

    • Dill Hole PT-12-26: 20.00m of 0.64% Cu, including 14.00m of 0.86%, starting at 141.00m and 145.00m, respectively.

    • Drill Hole PT-11-18: 102.25m of 0.11% Cu, including 6.00m of 0.25%, starting at 3.28m and 74.00m, respectively.

    • Drill Hole PT-10-06: 19.50m of 0.34% Cu, including 4.50m of 0.36% Cu%, starting at 106.50m and 121.50m, respectively.

    • Drill Hole PT-11-21: 69.00m of 0.21% Cu, including 12.00m of 0.49% Cu, starting at 18.00m and 99.00m, respectively.

  • Historical Grab Samples: returning up to 1.97% Cu and 10.7 g/t Ag1

  • Historical Chip Samples: averaging 0.563% Cu and 3.6 g/t Ag over 5 m1

  • Excellent Camp Setting: Intrusive-volcanic contacts beside an operating mine

Peter Berdusco, President and CEO of the Company commented: ‘The Combination Creek zone provides compelling evidence of a mineralizing system extending south from Copper Mountain. Historical work has confirmed strong copper grades across multiple drill holes. The scale of veining, consistent copper mineralization, and proximity to the Copper Mountain mine all suggest we may be exploring within the broader halo of a porphyry centre. As we advance our exploration model, we see clear potential to outline a porphyry-style target next to an operating mill.’

Combination Creek Review

The Combination Creek Zone located in the northeast corner of the Copper Dome Project (See Figure 1: Location Map of the Copper Dome Project) shows stockwork veining associated with altered volcanic and sedimentary rocks adjacent to the Copper Mountain stock. Two historical mineral occurrences have been identified in this area – The Marquis of Lorne and the Skagit 1 Fraction Zone, both of which exhibit strong structural controls on mineralization and sulphide development. Historical mapping and descriptions indicate intense alteration characterized by assemblages of epidote-chlorite-Fe oxide ± albite, with pyrite-chalcopyrite and associated malachite oxidation. The presence of albite and chalcopyrite within the traditionally propylitic chlorite-epidote-pyrite alteration front suggests that this zone may represent a transition toward a higher-temperature potassic domain of a porphyry system.

The best mineralization in the Combination Creek zone drilled to date is found in a 70 to 100m wide section of Nicola volcanics extending at least 250m east west, bounded to the north by the Copper Mountain Stock and to the south by a coarse pink feldspar porphyry syenite dyke.

Selective Historical Drill Results

Drilling by the Company in 2010, 2011 and 2012 in the Combination Creek Zone returned the following highlighted intercepts (See Figure 2: Map of Combination Creek Zone with Selected Historical Drill Hole Locations and Results (Cu):

  • DDH PT-10-01: 20.00m of 0.28% Cu, including 5m of 0.59% Cu, starting at 27.50m.
  • DDH PT-10-02: 47.50m of 0.19% Cu, including 22.50m of 0.26% Cu, starting at 37.00m
  • DDH PT-10-06: 19.50m of 0.34% Cu starting at 106.50m and 3.00m of 0.93% Cu starting at 247m.
  • DDH PT-11-16: 10.00m of 0.65% Cu starting at 231m and 25.31m of 0.21% Cu starting at 3.69m.
  • DDH PT-11-18: 68.25m of 0.14% Cu starting at 3.28m, including 6.00m of 0.25% Cu starting at 74m, and 6.00m of 0.29% Cu starting at 313m.
  • DDH PT-11-21: 69.00m of 0.21% Cu starting at 18.00m, including 12.00m of 0.50% Cu starting at 99.00m.
  • DDH PT-12-26: 20.00m of 0.64% Cu starting at 141.00m, including 14.00m of 0.86% Cu starting at 145.00m.

Mineral Occurrences of the Combination Creek Zone

Marquis of Lorne

The Marquis of Lorne prospect is underlain by the eastern facies of the Upper Triassic Nicola Group, composed mainly of mafic augite and hornblende porphyritic pyroclastics and flows. These are intruded by Early Jurassic Copper Mountain and Lost Horse intrusions-diorite, monzonite, and locally pyroxenite and gabbro. Mineralization occurs in shear zones within andesitic and cherty tuffs, close to the Copper Mountain stock, typically within 50m of its margin.

The best-defined shear zone, located 40m south of the stock, hosts strong limonite, jarosite, and malachite alteration, with historical grab samples returning up to 1.97% Cu and 10.7 g/t Ag, and chip samples averaging 0.563% Cu and 3.6 g/t Ag over 5 m. A parallel shear zone 60m southwest returned 1.53% Cu and 17.1 g/t Ag in grab samples. Additional narrow shears 200 m west-southwest show traces of chalcopyrite and malachite with albite alteration.

Skagit 1 Fraction

The Skagit No. 1 prospect shares similar geology with Marquis of Lorne, being hosted in the Upper Triassic Nicola Group volcanic rocks intruded by the Copper Mountain and Lost Horse intrusions. The occurrence consists of several sulphide-rich shear zones and fractures in andesitic tuff and minor volcanic sediments, located within 60m of the Copper Mountain stock. Mineralization includes bornite, chalcopyrite, and malachite, with historical surface chip samples averaging 0.36% Cu and 2.3 g/t Ag over 10 m, and trench samples grading 0.28% Cu and 2.9 g/t Ag over 30 m.1

The property was mapped and sampled by Newmont (1970-71), Kidd Creek Mines (1983), and later Targa Resources (1986). After limited activity for two decades, the Company conducted a major exploration program in 2010, including 26.4 km of induced polarization and magnetometer surveys plus 5,732 metres of diamond drilling in 22 holes. Drilling intersected 0.21% Cu over 69 metres (DDH PT11-21), and geophysical data revealed a strong (>35 ms) chargeability anomaly in the Nicola volcanics south of the Copper Mountain stock, suggesting potential for porphyry-style copper-gold mineralization.1

Figure 1: Location Map of the Copper Dome Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10074/271468_7db7363c94780a0e_002full.jpg

Figure 2: Map of Combination Creek Zone with Selected Historical Drill Hole Locations and Results (Cu)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10074/271468_7db7363c94780a0e_003full.jpg

About The Copper Dome Project

Copper Dome is located in the lower Quesnel Trough porphyry belt, one of British Columbia’s most prolific mining districts. The Project directly adjoins Hudbay Minerals Inc.’s (TSX: HBM) producing Copper Mountain Mine to the north which hosts Proven and Probable Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag (hudbayminerals.com). Multiple mineralized zones have been identified across the Property, with historical drilling confirming high-grade copper associated with northeast-trending structures similar to those hosting mineralization at Copper Mountain.

The Project benefits from excellent infrastructure, enabling year-round access, cost-efficient exploration, and a stable, low-risk jurisdiction.

Historical Work Completed

  • Geophysics: 51 km of induced polarization (IP); airborne magnetic and electromagnetic (EM) coverage over ~50% of the Property
  • Sampling: 2,253 soils and 378 rocks collected
  • Drilling: 8,900+ m of diamond drilling
  • Trenching: Over 1 km excavated

With a five-year drill permit in place, the Company is focused on advancing the Project toward drill-ready target definition.

About Canada One

Canada One Mining Corp. is a Canadian junior exploration company focused on copper-the critical metal powering the global energy transition. The Company advances projects from discovery through resource definition with disciplined, data-driven exploration and responsible practices. Its flagship Copper Dome Project, near Princeton, British Columbia, targets a porphyry copper-gold system in a Tier-1 jurisdiction. Canada One aims to deliver sustainable growth and long-term value for shareholders and local communities.

Acknowledgement

Canada One acknowledges that the Copper Dome Project is located within the traditional, ancestral and unceded territory of the Smelqmix People. We recognize and respect their cultural heritage and relationship to the land, honoring their past, present and future.

Qualified Person

The technical information contained in this news release has been reviewed and approved by David Mark, P.Geo., an independent Qualified Person for the purposes of National Instrument 43-101.

Historical Sampling

The sampling was done to the standards of the time and is considered ‘historical’ in nature and is not NI43-101 compliant and cannot be relied upon. The results are listed here to show why the Company is interested in this area. Future work and drilling may not repeat similar results.

Note 1: Mark, (2024), Exploration Report on MMI Soil Sampling, Rock Sampling and Backpack Drilling on the Copper Dome Property Copper Mountain Mine Area Similkameen Mining Division, British Columbia, AR 41492, pages 14-15.

Note 2: St. Clair Dunn, (2011), Report on 2010-2011 Drilling and Geophysical Programs on the Princeton Property, AR 33070, pages 12-19

Contact Us

For further information, interested parties are encouraged to visit the Company’s website at www.canadaonemining.com, or contact the Company by email at info@canadaonemining.com, or by phone at 1.877.844.4661.

On behalf of the Board of Directors of
Canada One Mining Corp.

Peter Berdusco
President
Chief Executive Officer
Interim Chief Financial Officer

Forward-Looking Statements

This press release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. 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. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

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.

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