(TheNewswire)

GRANDE PRAIRIE, ALBERTA (December 10, 2025): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces an additional gold target, named CZ Gol d on the west side of the Canada Wall prospect on the Andong Meas exploration license in Ratanakiri Province, Cambodia.

Angkor’s mineral exploration team has identified a gold target based on physical workings from a tunnel on the west side of the river running through the Andong Meas license. A quartz stockwork with an apparent thickness of 30 metres was mapped in the tunnel. The stockwork tended to have a northwest strike.   The target consists of multiple shallow trenches and one 47-metre-long tunnel excavated by artisanal miners. The tunnel is located on a steep slope and at the end of the tunnel, the artisanal miners drove a raise to surface following several veins.

Dennis Ouellette, VP Exploration, describes the CZ Gold  Prospect and historical work from over a decade  ago, ‘ In 2012, three holes were drilled with collars about 70 metres apart. The first hole was collared immediately outside the adit and was drilled in the same direction as the tunnel. None of the holes intersected the quartz stockwork zone but they did core immediately into a granite bereft of mafic minerals and containing abundant miarolytic cavities. The granite is likely an alaskite type granite. The holes also cored thick and frequent bands of ‘bucky’ quartz (a coarsely crystallized, non-laminating quartz). ‘  Dennis further clarified that although alaskite and bucky quartz do not host gold deposits per say, they are frequently found in close proximity to gold deposits.

Figure 1 Inside the CZ Gold tunnel showing vein and stockwork and adit.

The team uses the rainy season, generally from June to November, to review all prospects, samples, assays, and core from the prospects on each license.  As part of that exercise and with the spike in gold over the past year, analysis took place on all gold prospects, including those close to copper porphyry systems such as the Canada Wall prospect.   In this case, historical workings from artisanal miners were part of the annual review.

Click Image To View Full Size

Figure 2 Nugget in the palm of Mike Weeks, recovered from panning material from CZ Gold tunnel in a small stream directly below CZ Gold Prospect

The Company intends to conduct a surface trenching and sampling program in Q1 of 2026 on this gold target to determine the setting and orientation of the quartz stockwork. Once this has been established, a follow up diamond drill program can be planned.

Angkor also acknowledges a restart in the border conflict between Thailand and Cambodia in the northwest quadrant of Cambodia.   Evacuations of near-border communities and school closures have occurred as the conflict continues.   Although the oil project Block VIII is in the far south of Cambodia, and the Andong Meas mineral license is far to the east of the conflict, management is carefully monitoring the Andong Bor license and no work is being done there at this time._  Safety is imperative for staff and personnel so any activities in the northwest are on hold until further notice.

QUALIFIED PERSON:

Dennis Ouellette, B.Sc., P.Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA #104257) and a Qualified Person as defined by National Instrument 43-101 (‘NI 43-101’). He is the Company’s VP Exploration on site and has reviewed and approved the technical disclosure in this document.

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.

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.

Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in oil and gas production in Saskatchewan, Canada with measures of gas capture to reduce emissions.  ANGKOR’s carbon capture and gas conservation project is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

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.

(TheNewswire)

Vancouver, Canada, December 9, 2025 TheNewswire – Spartan Metals Corp. (‘ Spartan ‘ or the ‘ Company ‘) (TSX-V: W | OTCQB: SPRMF | FSE: J03) is pleased to announce the discovery of two new tungsten-silver-rubidium exploration targets at the Tungstonia deposit part of the company’s 100% owned Eagle Tungsten-Silver-Rubidium Project (‘ Eagle ‘ or ‘ Project ‘) in eastern Nevada.

Highlights:

• Soil samples taken provided near complete coverage of the original Tungstonia and Rees claim blocks on 100-meter (‘m’) x 100m grid totalling approximately 2,100 samples covering about 20 square kilometers (‘km ‘).

• Encouraging grades in soil at Tungstonia suggest near-surface mineralization included:

  • Tungsten up to 272 parts per million (‘ppm’) with 76 samples over 50 ppm

  • Silver up to 5.9 grams per tonne (‘g/t’) with 57 samples over 1.0 g/t

  • Rubidium up to 537 ppm with 56 samples over 300 ppm

• Discovered two new exploration targets:

  • Significant ~2.0 km x ~1.7 km anomaly outlined by coincident tungsten-silver-rubidium enrichment on western portion of Tungstonia claims that follows the same structural trends and spacings observed at the legacy past-producing Tungstonia mine approximately 1.5 km to northwest

  • Substantial ~0.75 km x ~2.1 km anomaly in southeast portion of Tungstonia claims trending southeast

Soil sample results from the 2025 surface geology program that commenced on October 16, 2025 , have outlined an approximate 2.0 km x 1.7 km surface anomaly that is aligned with regional trends observed at past-producing Tungstonia Mine and a second 0.75 km x 2.1 km surface anomaly in the southeast portion of the Tungstonia claims that confirm mapped veins and structured identified earlier this year. The soil results from the Rees block did not yield any new targets. The results of the soil sample program will help generate drill targets for a spring 2026 drill program.

Brett Marsh, Spartan’s President and CEO, states, ‘These soil results are very exciting as they validate our exploration model and generate important steps toward defining drill targets at Tungstonia. We initiated our surface exploration program with two key objectives; to extend the known veins at the legacy Tungstonia mine, and to define new veins in the western portion of the Tungstonia Claim block.  I believe the results of the hard work completed by our team has successfully met those objectives.’

Mr. Marsh continues, ‘The strength and extent of the anomalies — in some cases exceeding those observed around the past-producing Tungstonia mine — highlight the potential for a significantly larger mineral system than historically recognized. These new targets strengthen Spartan’s position within the U.S. critical minerals onshoring landscape. Our team is eager to continue working with our data to generate meaningful drill targets for a drill program in the spring of 2026.’

Tungsten in the soil samples at Tungstonia showing two anomalous zones. The Western Tungsten Anomaly is aligned with the north-northeasterly structural trend observed at the legacy Tungstonia mine. The Southeastern Tungsten Anomaly appears to coincide with intrusive contacts with carbonaceous sediments that could extend further to the southeast. Note that the soil results in these anomalies appears to be stronger than those obtained from the known Tungstonia mine area suggesting significant new exploration potential (Figure 1).

Silver in the soil samples at Tungstonia showing two anomalous zones coinciding with the tungsten anomalies shown in Figure 1. Note that the soil results in these anomalies appears to be stronger than those obtained from the known Tungstonia mine area suggesting significant new exploration potential (Figure 2).

Rubidium in the soil samples at Tungstonia showing two anomalous zones coinciding with the tungsten and silver anomalies shown in Figures 1 and 2 respectively. Note that the soil results in these anomalies appears to be stronger than those obtained from the known Tungstonia mine area suggesting significant new exploration potential (Figure 3).

Significance of Soil Results

Soil sampling is typically used at early stages of exploration to quickly identify geochemical anomalies that can indicate underlying mineralization, veins, favorable alteration, or to help understand geological controls such as, structural trends. Soils form from breakdown of underlying rock and higher grades (hundreds of parts per million or several grams per tonne) can be indicative of mineralization near the surface and increase confidence that the identified anomalies are genuine. Tungsten, silver, and rubidium at the Tungstonia claims show overlapping elevated values that are reasonably well aligned regional structural trends that control mineralization at the legacy Tungstonia mine, so the newly defined targets are potentially material and could be significant additions to the mineralization at the Tungstonia deposit.

Additionally, the soil results in these two anomalous areas appear to have a stronger signature that what was returned over the legacy past-producing Tungstonia mine area. This is potentially indicative of meaningful tungsten, silver, and rubidium mineralization in these large areas.

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Figure 1 Tungsten in soils at Tungstonia showing two anomalous zones: the Western tungsten Anomaly and the Southeastern Anomaly.

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Figure 2 Silver in soil at Tungstonia showing two anomalous zones coinciding with the tungsten anomalies shown in Figure 1.

Click Image To View Full Size

Figure 3 Rubidium in soils at Tungstonia showing two anomalous zones coinciding with the tungsten and silver anomalies shown in Figures 1 and 2, respectively.

QA/QC Procedures

Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IO-4AB51 (51 element suite: 0.5g 4-acid plus boric acid hot block, ICP-OES plus IM-4ABEx ICP-MS for Rb. AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten (‘W’) and Rubidium (‘Rb’) districts in the United States. The Project consists of the past-producing high-grade Tungstonia and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these two mines totaled 8,379 units at grades between 0.6%-0.9% WO 3 (1).

The Project is ~36.5 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 9,033 acres consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims.

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

(1) Nevada Bureau of Mines and Geology (1988), Bulletin 105 p213-217

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of the highest-grade historic tungsten resource in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: high-grade rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

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

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such 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 Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Copyright (c) 2025 TheNewswire – All rights reserved.

This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. Disclosure: This does not represent material news, partnerships or investment advice.

NEW YORK (December 9, 2025) — via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) , a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘Momentum Builds, Upside Appears as Mining Explorers Transition Toward Production, Unlock Major Hidden Value,’ please visit: https://ibn.fm/iBvlZ

The most compelling moment for investors to engage with a mining company is often during its transition from explorer to producer, a period when value can inflect sharply as an organization shifts from discovery to cash flow. Explorers that successfully cross this development threshold tend to realize significant re-ratings because they de-risk their story, demonstrate reliable production capability and create a foundation for recurring revenues. For many interested in the mining space, entering at this stage allows participation before the substantial upside typically associated with the first years of production is fully priced in.

This moment becomes particularly attractive when a company controls key infrastructure, is advancing toward production in a tier-one jurisdiction and trades at a valuation meaningfully below the replacement cost of its assets. That dynamic is now unfolding around LaFleur Minerals Inc., which owns a fully permitted and refurbished gold mill in Québec’s Abitibi region and is positioned well ahead of neighboring peers still working through early development stages. With a district-scale land position, an advancing flagship deposit and near-term production plans, LaFleur offers meaningful leverage to the explorer-to-producer inflection point, which historically delivers some of the best returns in the mining sector.

About LaFleur Minerals Inc.

LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km(2)) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101 .

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

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Silverco Mining Ltd. (TSXV: SICO) (‘Silverco’ or the ‘Company’) is pleased to announce a validated and updated Mineral Resource Estimate (‘MRE’) for its 100%-owned Cusi Project (‘Cusi’), located approximately 90 kilometres northwest of First Majestic’s Los Gatos Mine in Chihuahua, Mexico. The Updated Mineral Resource Estimate was completed by Ben Eggers MAIG, P.Geo., and Allan Armitage, Ph.D., P.Geo., of SGS Geological Services.

Highlights of the 2025 Cusi Mineral Resource Estimate:

• Substantial High-Grade Silver Inventory:
  • Measured & Indicated (‘M&I’) Resources: 4.89 million tonnes grading 262 g/t silver equivalent (‘AgEq’) containing 41.2 million ounces AgEq.
  • Inferred Resources: 4.07 million tonnes grading 243 g/t AgEq containing 31.8 million ounces AgEq.
• San Miguel Growth: The San Miguel Vein System has emerged as a significant growth driver, contributing 10.8 Moz AgEq (Indicated) and 16.2 Moz AgEq (Inferred) to the global resource, validating the Company’s focus on this new bulk-tonnage potential zone.
• Improved Geological Confidence: The updated model utilizes a tighter search radius for Inferred resources (reduced from 200m to 100m) and increased cut-off grades (increased from 95 g/t AgEq to 120 g/t AgEq), resulting in a more conservative and robust estimate focused on profitable ounces.
• Silver Primary Deposit: 86% of the value of the Updated Mineral Resource Estimate is comprised of silver.

Comparison to historical 2020 MRE:

The historical 2020 MRE hosted Measured & Indicated resources of 5.4Mt grading 215 g/t AgEq containing 37.0 Moz AgEq and Inferred resources of 4.9Mt grading 183 g/t AgEq containing 28.8 Moz AgEq. Since the historical 2020 MRE, approximately 0.81Mt of diluted resources grading 182 g/t AgEq containing 4.8 Moz AgEq were depleted through mining. Additionally, the impact of reducing the inferred search radius from 200m to 100m, resulted in a reduction of inferred resources of approximately 2.1 Mt containing 10.1 Moz AgEq. Accounting for these impacts, the 2025 updated MRE results in the following highlights:

• 28% increase in M&I resources, net of depletion, from 32.2 to 41.2 Moz AgEq
• 22% increase in M&I grade, from 215 to 262 g/t AgEq
• 9% increase in M&I tonnes, net of depletion, from 4.5Mt to 4.9Mt
• 70% increase in inferred resources, net of search reduction, from 18.7 to 31.8 Moz AgEq

Historical resources were reported at a 95 g/t AgEq cut-off grade for the historical 2020 MRE. Details of the estimate are provided in Sierra Metals November 18, 2020 press release and a NI 43-101 compliant technical report filed in December, 2020.​ The 2020 MRE is considered historical in nature, and Silverco is not treating the historical resources as current. The historical resources for the Cusi deposits are superseded by the 2025 Measured, Indicated and Inferred MRE for the deposits.

Mark Ayranto, CEO of Silverco, commented:

‘This validated and updated Mineral Resource Estimate represents a crucial step in our development of Cusi towards a restart decision. Our technical team has focused on quality over quantity, delivering a robust resource model that reduces internal waste and tightens estimation parameters to better reflect the potential of the deposit. While we have applied more conservative constraints than previous estimates, the grade profile remains exceptional at over 260 g/t AgEq in the Measured and Indicated categories.

‘Most importantly, this MRE confirms what our exploration success at San Miguel has been telling us. This zone now hosts a substantial portion of our resource and exhibits the widths and continuity required for more efficient bulk mining methods. With the system wide open, Cusi has a solid foundation of high-grade ounces and a clear path for continued expansion.

‘This MRE update only included a portion of our 2025 drilling, and recent results such as hole CU-25-37’s 8.8m of 319 g/t AgEq and 12.4m of 273 g/t AgEq have not been incorporated into this resource. We believe that the remainder of 2025’s drilling has already the potential to substantially add to this resource.’

2025 CUSI Mineral Resource Statement

Highlights of the Cusi Project underground Mineral Resource Estimate are as follows:

• Combined Measured and Indicated Mineral Resources are estimated at 4.89 Mt grading 206 g/t silver, 0.15 g/t gold, 0.73% lead, and 0.86% zinc (262 g/t AgEq). The Mineral Resource Estimate includes Measured Mineral Resources of 6.1 Moz of silver, 1.8 koz of gold, 5.6 Mlbs of lead, and 6.3 Mlbs of zinc (6.7 Moz of AgEq) and Indicated Mineral Resources of 26.3 Moz of silver, 22.2 koz of gold, 72.7 Mlbs of lead, and 86.5 Mlbs of zinc (34.4 Moz of AgEq).

• Inferred Mineral Resources are estimated at 4.07 Mt grading 172 g/t silver, 0.17 g/t gold, 0.89% lead, and 1.20% zinc (243 g/t AgEq). The Mineral Resource Estimate includes Inferred Mineral Resources of 22.5 Moz of silver, 22.2 koz of gold, 79.5 Mlbs of lead, and 107.5 Mlbs of zinc (31.7 Moz of AgEq).

Table 1: Cusi Project Underground Mineral Resource Estimate, October 20, 2025

Cusi Project Mineral Resource Estimate Notes:
(1) The mineral resource was estimated by Ben Eggers, MAIG, P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Cusi Property on September 22-23, 2025. The mineral resource was peer reviewed by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101.
(2) The classification of the Mineral Resource Estimate into Indicated and Inferred mineral resources is consistent with current 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves. The effective date of the Cusi Project Mineral Resource Estimate (MRE) is October 20, 2025. This is the close out date for the final mineral resource drilling database.
(3) All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.
(4) All mineral resources are presented undiluted and in situ, constrained by continuous 3D wireframe models (considered mineable shapes), and are considered to have reasonable prospects for eventual economic extraction. The mineral resource is exclusive of mined out material.
(5) Mineral resources are not mineral reserves. Mineral resources which are not mineral reserves, do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated or Measured Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated or Measured Mineral Resources with continued exploration.
(6) The Cusi Project MRE is based on a validated database which includes data from 2,052 surface and underground drillholes totalling 360,237 m completed between 2006 and October 2025 and 21,522 channels totalling 48,786 m completed between 2013 and 2023. The resource database totals 105,585 assay intervals representing 119,756 m of drillhole data and 71,605 assay intervals representing 48,783 m of channel data.
(7) The mineral resource estimate is based on 63 three-dimensional (‘3D’) resource models representing epithermal veins which comprise the Cusi vein systems. 3D models of mined out areas were used to exclude mined out material from the current MRE.
(8) Grades for Ag, Au, Pb, and Zn are estimated for each mineralization domain using 1.5 m capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID²) interpolation method was used for all domains.
(9) An average density value of 2.75 g/cm³ was assigned to all domains based on a database of 244 samples.
(10) It is envisioned that the Cusi Project deposits may be mined using underground mining methods. Mineral resources are reported at a base case cut-off grade of 120 g/t AgEq. The mineral resource grade blocks were quantified above the base case cut-off grade, below surface, within the constraining mineralized wireframes, and exclusive of mined out material.
(11) The underground base case cut-off grade of 120 g/t AgEq considers metal prices of US$30/oz Ag, US$2400/oz Au, US$1.00/lb Pb, and US$1.35/lb Zn and metal recoveries of 90% for Ag, 50% for Au, 90% for Pb, and 60% for Zn.
(12) The underground base case cut-off grade of 120 g/t AgEq considers a mining cost of US$60.00/t rock and a processing, treatment and refining, transportation and G&A cost of US$35.00/t mineralized material.
(13) The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

Table 2: Cusi Project Underground Mineral Resource Estimate by Area, October 20, 2025

(1) The underground base case cut-off grade of 120 g/t AgEq considers metal prices of US$30/oz Ag, US$2400/oz Au, US$1.00/lb Pb, and US$1.35/lb Zn, metal recoveries of 90% for Ag, 50% for Au, 90% for Pb, and 60% for Zn, a mining cost of US$60.00/t rock, and a processing, treatment and refining, transportation and G&A cost of US$35.00/t mineralized material.

Table 3: Cusi Project Mineral Resource Estimate Sensitivity Table, October 20, 2025

(1) Underground mineral resources are reported at a base case cut-off grade of 120 g/t AgEq (highlighted). Values in this table reported above and below the base case cut-off grades should not be misconstrued with a Mineral Resource statement. The values are only presented to show the sensitivity of the block model estimate to the base case cut-off grade.
(2) All values are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.

Qualified Persons

The mineral resource was estimated by Ben Eggers, MAIG, P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Cusi Property on September 22-23, 2025. The mineral resource was peer reviewed by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101.

Technical Disclosure

The scientific and technical information contained in this news release has been reviewed and approved by Nico Harvey, P.Eng., Vice President Project Development of Silverco, a Qualified Person as defined in National Instrument 43-101. Mr. Harvey is not independent of the Company. Mr. Harvey has reviewed the sampling, analytical and QA/QC data underlying the technical information disclosed herein.

No production decision has been made at Cusi. Any decision to restart operations will follow completion of the requisite technical, financial and permitting milestones.

About Silverco Mining Ltd.

The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the ‘Cusi Property’). It lies within the prolific Sierra Madre Occidental gold-silver belt. There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property.

The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

On Behalf of the Board of Directors,

‘Mark Ayranto’

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 Statement and Forward-Looking Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (together, ‘forward-looking statements’) within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company’s future performance and are generally identified by words such as ‘anticipate’, ‘believe’, ‘continue’, ‘could’, ‘estimate’, ‘expect’, ‘forecast’, ‘goal’, ‘intend’, ‘may’, ‘objective’, ‘outlook’, ‘plan’, ‘potential’, ‘priority’, ‘schedule’, ‘seek’, ‘should’, ‘target’, ‘will’, and similar expressions (including negative and grammatical variations).

These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include: timely receipt of permits and approvals necessary for planned work; access to surface rights and community support; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company’s ability to secure additional financing on acceptable terms when required.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such factors include, without limitation: exploration, development and operating risks (including drilling, sampling, assaying, interpretation and modeling uncertainties; variability of mineralization; representativity of samples; true-width estimation; metallurgical variability; water management; geotechnical and ground conditions); risks inherent in estimating or converting mineral resources; the absence of current mineral reserves at the Cusi Property; that AgEq is a reporting metric only and does not imply economic recoverability; permitting, licensing and regulatory risks in Mexico (including changes in mining, environmental, labour, water, land access and related regimes); community relations, social licence and stakeholder engagement risks; title, surface rights, access and environmental liability risks; health, safety and security risks; commodity price and FX volatility (silver, gold, lead, zinc; MXN/CAD/USD); cost inflation, supply-chain disruptions and contractor availability; political and macroeconomic instability; financing and liquidity risks (including the availability and terms of debt and/or equity); TSX Venture Exchange and other regulatory approvals; counterparty risks; limitations and uncertainties relating to historical data and third-party reports (including the risk that historical results cannot be verified to NI 43-101 standards); force majeure events; litigation and enforcement risks; and those additional risks set out in the Company’s public disclosure filings available on SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management’s current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277397

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SOURCE: Electric Royalties Ltd.

View the original press release on ACCESS Newswire

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

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

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

SHARING AGREEMENT

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

TABLE OF BENCHMARK PRICE PERFORMANCE POTENTIAL DISTRIBUTIONS:

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

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

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

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

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

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

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

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

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

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

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

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

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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

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

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