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Fully-Funded 4,000 Meter Program with Planned Upsize to Boost High-Grade Silver and Critical Minerals

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce the commencement of a fully-funded drill program at Silver47’s wholly-owned Red Mountain VMS Project in south-central Alaska.

Highlights

  • Drilling Commences at Red Mountain: A core drilling rig is now fully operational at the Red Mountain project in Alaska, actively advancing the first hole of Silver47’s 2025 summer exploration program.

  • Targeting High-Impact Resource Growth: The program focuses on expanding the inferred 168.6 million silver equivalent ounce resource (336 g/t AgEq*) at Dry Creek and West Tundra Flats (see Table 1), where previous drilling by Silver47 and prior operators indicates significant expansion potential.

  • High-Grade Precious Metals Potential: The 2025 program targets untested areas near historical high-grade intercepts, prioritizing areas richer in silver and gold to enhance Red Mountain’s resource base.

  • Strategic Critical Minerals Focus: Red Mountain hosts five critical minerals scarce in the U.S., including zinc, copper, tin, antimony and gallium, which will be evaluated during this program to support domestic supply chain security.

  • Upsized Program on the Horizon: Closing of Summa Silver’s oversubscribed $6.9 million subscription receipt financing was completed on June 17th, paving the way for a substantial expansion of the current drilling campaign when the Silver47 and Summa Silver merger is complete.

Gary Thompson, CEO of Silver47, stated: We are excited to kick off a significant drill program at our Red Mountain silver-gold-rich VMS project with a view to expanding the resource base and making new discoveries. The results from previous drill holes, including DC24-106, WT24-33 and DC18-77, demonstrate the robust nature of the Bonnifield district, where Red Mountain is located, and we are eager to build on these successes. This year is shaping up to be transformational for the Company with a full season of drilling and the pending merger with Summa Silver.’

Highlights from Previous Drilling (see news releases dated November 21 and 26, 2024 and February 12, 2025):

  • DC24-104: 15.24 m grading 546 g/t AgEq* plus 290 g/t antimony (‘Sb’) and 32 g/t gallium (‘Ga’) from 14.3 m depth

(AgEq: 106 g/t silver, 0.45 g/t gold, 6.4% zinc, 2.2% lead, and 0.19% copper)

  • DC24-105: 22.32 m grading 601 g/t AgEq plus 503 g/t Sb and 54 g/t Ga from 18.9 m

(AgEq: 150.6 g/t silver, 0.82 g/t gold, 5.9% zinc, 2.6% lead, and 0.13% copper)

  • WT24-33: 2.90 m grading 1,079 g/t AgEq plus 920 g/t Sb and 15 g/t Ga from 121.70 m depth

(AgEq: 418 g/t silver, 0.74 g/t gold, 9.1% zinc, 4.7% lead, 0.105% copper)

  • DC18-77: 4.26 m grading 2,003 g/t AgEq plus 4,432 g/t Sb and 97 g/t Ga 168.8 m depth

(AgEq: 1,435 g/t silver, 2.2 g/t gold, 4.8% zinc, 2.3% lead, 0.5% copper)

*Notes: g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t. Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]

Figure 1. Dorado Drilling at the 2025 season’s first drill hole at the Red Mountain Project.

To view an enhanced version of this graphic, please visit:
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Figure 2. Map of the Dry Creek and West Tundra Flats Deposits.

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https://images.newsfilecorp.com/files/10967/255876_16e7ead07418ca15_003full.jpg

Table 1: Combined Open Pit and Underground Inferred Mineral Resource Estimate for the Red Mountain Project, Alaska 

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  1. The 2024 Red Mountain MRE was estimated and classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (‘CIM’) ‘Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines’ dated November 29, 2019, and the CIM ‘Definition Standards for Mineral Resources and Mineral Reserves’ dated May 10, 2014.
  2. Mr. Warren Black, M.Sc., P.Geo. of APEX Geoscience Ltd., a QP as defined by NI 43-101, is responsible for completing the 2024 Mineral Resource Estimate, effective January 12, 2024.
  3. Mineral resources that are not mineral reserves have not demonstrated economic viability. No mineral reserves have been calculated for Red Mountain. There is no guarantee that any part of the mineral resources discussed herein will be converted to a mineral reserve in the future.
  4. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, market, or other relevant factors.
  5. The quantity and grade of reported Inferred Resources is uncertain, and there has not been sufficient work to define the Inferred Mineral Resource as an Indicated or Measured Mineral Resource. It is reasonably expected that most of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
  6. All figures are rounded to reflect the relative accuracy of the estimates. Totals may not sum due to rounding. Reported grades are undiluted.
  7. A standard density of 2.94 g/cm³ is assumed for mineralized material and waste rock. Overburden density is set at 1.8 g/cm³. For mineralized material blocks with iron assays close enough to estimate an iron value for the block, density is calculated using the formula: density (g/cm³) = 0.0553 * Fe (%) + 2.5426.
  8. Metal prices are US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag.
  9. Recoveries are 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au.
  10. ZnEQ (%) = [Zn (%) x 1] + [Pb (%) x 0.6364] + [Cu (%) x 2.4889] + [Ag (ppm) x 0.0209] + [Au (ppm) x 0.1923]
  11. AgEQ (ppm) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (ppm) x 1] + [Au (ppm) x 91.93]
  12. Open-pit resource economic assumptions are US$3/tonne for mining mineralized and waste material, US$19/tonne for processing, and 48° pit slopes.
  13. Underground resource economic assumptions are US$50/tonne for mining mineralized and waste material and US$19/tonne for processing.
  14. Open-pit resources comprise blocks constrained by the pit shell resulting from the pseudoflow optimization using the open-pit economic assumptions.
  15. Underground resources comprise blocks below the open-pit shell that form minable shapes. They must be contained in domains of a minimum width of 1.5 m at Dry Creek or 3 m height at West Tundra Flats. Resources not meeting these size criteria are included if, once diluted to the required size, maintain a grade above the cutoff.
  16. Global AgEq calculated using component metal grades: 3.41% Zn, 1.39% Pb, 0.17% Cu, 71.4 g/t Ag, 0.43 g/t Au.

Red Mountain Project Overview

Red Mountain, situated in south-central Alaska, is a high-grade volcanogenic massive sulfide (VMS) deposit wholly owned by Silver47 Exploration Corp. Hosted within the Devonian to Mississippian-aged Totatlanika Schist, the deposit comprises submarine volcanic and volcaniclastic rocks, primarily felsic to intermediate tuffs and flows, ideal for VMS mineralization. The project hosts an inferred resource of 168.6 million silver equivalent ounces at 336 g/t AgEq across the Dry Creek and West Tundra Flats deposits, with high-grade silver, gold, zinc, lead, and copper as reported in the NI 43-101 Technical Report dated January 12, 2024. Of particular importance, both Dry Creek and West Tundra Flats remain open to expansion. Beyond precious and base metals, Red Mountain contains critical minerals-antimony, gallium, zinc, copper, and tin-scarce in the U.S., supporting national supply chain security goals.

The broader Red Mountain property, spanning over 630 square kilometers, remains substantially underexplored. Airborne magnetic and electromagnetic surveys have identified multiple untested targets within the Totatlanika Schist’s favorable stratigraphy. These targets, coupled with coincident high-grade mineralized rock samples and anomalous soil geochemistry, suggest strong potential for discovering additional VMS and sedimentary exhalative deposits across the property, positioning Red Mountain as a district-scale opportunity.

Qualified Person

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for Silver47 who is a ‘qualified person’ as defined by National Instrument 43-101. Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the technical information and has approved the technical information in this press release.

About Silver47 Exploration

Silver47 Exploration Corp., wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the flagship Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated January 12, 2024. The Company also owns the Adams Plateau Project in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the Michelle Project in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR+ at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’

Silver47 Contact Information
Mr. Gary R. Thompson
Director and CEO
gthompson@silver47.ca

For investor relations
Kristina Pillon
info@silver47.ca
604.908.1695

X: @Silver47co
LinkedIn: Silver47

No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward-looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: closing of the Offering, including the number of Units and FT Units issued in respect thereof; anticipated use of proceeds; expected closing date of the Offering; payment of finder’s fees; ability to obtain all necessary regulatory approvals; insider participation in the Offering; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255876

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With the profitability of Bitcoin mining tightening after each halving event, miners are actively exploring new revenue streams to ensure they stay viable. A key strategy emerging from this challenge is a pivot toward high-performance computing (HPC) and artificial intelligence (AI) hosting.

Compared to the volatility of Bitcoin mining, HPC and AI hosting can offer more stable and often higher profit margins.

While still uneven and experimental, this evolution suggests a broader shift in how mining infrastructure may intersect with the future of energy, as well as digital services.

Building beyond hashrate: An infrastructure-driven approach

A report released in June by TheMinerMag, a Bitcoin-mining research firm, shows that the median direct cost of mining is expected to exceed US$70,000 per Bitcoin in the second quarter of this year.

As mentioned, the increasing use of HPC is one way miners are looking to preserve profitability.

HIVE Digital Technologies (TSXV:HIVE,NASDAQ:HIVE), the first public crypto-mining company, is one of the clearest examples of this shift. The company has a history of strategically acquiring efficient hardware, including a 2022 deal with Intel (NASDAQ:INTC) for custom Buzzminer application-specific integrated circuits (ASICs). This expertise now underpins its subsidiary, BUZZ HPC, which provides GPU cloud services and infrastructure for HPC and AI.

Speaking onstage at the Consensus event in Toronto last month, BUZZ HPC President and COO Craig Tavares explained how by taking the core assets used for Bitcoin mining — land and power — the company was able to realize a higher return on investment (ROI) by providing GPU cloud services for HPC workloads.

“The one thing in the market that we’ve seen right now is a desire to consume more power for traditional data centers, and it’s something that we’re trying to solve, currently and then three to five years out — how to access distribution and generation to hit those ROIs efficiently,” he told the audience.

Hosting AI workloads offers higher revenue per kilowatt-hour than Bitcoin mining. Tasks like model training command premium pricing, making them more valuable per unit of energy consumed. Bitcoin mining, on the other hand, generates revenue based on the Bitcoin price and ever-increasing competition.

Bitcoin miners also have an advantage over hyperscalers in the AI infrastructure space. Miners have developed highly efficient and often modular data center designs focused on getting power to compute. Their business model relies on scaling up and down quickly to chase profitability in a volatile market. Dedicated AI data centers are still being built, and much of the existing physical infrastructure isn’t optimized for the demands of modern AI.

He went on to explain how the company’s strategy is framed around long-term adaptability beyond hashrate, built on optionality and infrastructure flexibility. While ASICs, which are used for Bitcoin mining, are not compatible with AI workloads, HIVE’s history of mining Ethereum tokens allowed the company to seamlessly shift its focus, since it already possessed the advanced GPU infrastructure necessary for the expansion. Miners that need to invest in new GPUs are faced with significant capital expenditures and a potentially long wait.

“We’ve been able to build where we have high-profitable business,” Holmes said, adding that this success was largely achieved by bringing in Tavares, who has an extensive background in data centers and telecommunications from his time working with Apple’s (NASDAQ:AAPL) Canadian operations. “We (realized that we) needed someone (who) had that unique skill set that was far beyond what our team was doing, so we could really scale.”

However, as Tavares pointed out, Bitcoin miners face additional challenges when pivoting to HPC, including site suitability, demanding power density and the redundancy required of high-quality telecom infrastructure.

The power demands of blockchain and AI have also drawn scrutiny. Tavares and Holmes emphasized their respective companies’ commitments to using 100 percent renewable energy to power their data centers.

“We can deliver green GPUs to the market, and what we’re doing is we’re bridging the gap between AI and sustainability,” Tavares commented. HIVE’s move to Paraguay, which boasts abundant hydroelectric power, has positioned the company to significantly reduce its Bitcoin production cost to under US$50,000 per Bitcoin as it scales to 25 exahashes per second by the end of the year.

Diversifying energy solutions: Exploring off-grid mining opportunities

The appeal of underutilized energy sources is growing fast, and the broader trend of the tech industry exploring diverse energy solutions was the topic of another industry panel at Consensus.

It featured executives from Pow.re, Giga Energy and Soluna (NASDAQ:SLNH).

Key points included cheaper power but higher operational risks, with renewable energy sources like wind and solar offering significant efficiency, but facing availability issues. The conversation turned to the integration of Bitcoin mining with oil and gas operations, exemplified by Crusoe’s agreement to sell its digital flare mitigation business to financial services firm Nydig, a subsidiary of financial services firm Stone Ridge Holdings.

“The really interesting thing about the Stone Ridge story, in my eyes, is that it’s an example of Bitcoin mining being a tool to enhance or unlock more value from the core asset,” said Mario Gutierrez, head of business development at Giga Energy, a company providing infrastructure to companies to use flare gas for Bitcoin mining. He argued that while combined energy and mining operations will grow, the primary driver for Bitcoin-mining growth will shift from maximizing Bitcoin output at a low cost to the value Bitcoin miners create by providing flexibility to the energy grid.

Dipul Patel, Soluna’s CTO, described Bitcoin mining as an ideal consumer of surplus renewable energy.

He highlighted wind farms, which often produce up to twice as much energy as they can distribute, as a prime example. Bitcoin can serve as a ‘beautiful shock absorber,’ providing a consistent demand for excess power.

“(That’s) assuming it works,” he pragmatically added, referencing the complexity of multiparty deals and the sophisticated engineering required to ensure minimal power interruptions.

Soluna co-locates its data centers with renewable power plants to use excess energy for HPC and Bitcoin mining. Its Dorothy 2 project will leverage excess wind energy from farms in Texas for Bitcoin mining and AI applications.

Pow.re’s Ian Descoteaux predicts that miners will mitigate some of these risks by producing their own electricity, which in turn will increase mining profits. In the meantime, Gutierrez said that presenting Bitcoin mining as a solution for energy producers is crucial for building trust and gaining buy in; he added that this approach is most effective when it involves a deep understanding of core operational and financial challenges, such as emissions costs.

Gutierrez further suggested that offering energy producers a direct share of Bitcoin-mining revenue or hashrate can create strong alignment, incentivizing them to lend local resources and expertise to minimize downtime, especially for remote operations.

Investor takeaway

Bitcoin miners find themselves positioned at the intersection of the energy and digital services sectors.

Ultimately, this move signals the evolution of a dynamic and adaptive industry that’s poised to play a vital role in the future of technology and sustainability.

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

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FinEx Metals Ltd. (TSX-V: FINX) (“FinEx” or the “Company”) is pleased to announce that its common shares will begin trading todayon the TSX Venture Exchange (the “Exchange”) under the symbol FINX. The listing marks a key milestone as FinEx actively advances its 2025 field program across multiple targets in Finland’s Central Lapland Greenstone Belt.

Tero Kosonen, the Chairman and Chief Executive Officer of FinEx, comments:“Our listing on the Exchange comes at a time when gold’s strategic relevance is growing globally. With a district-scale land position in Finland’s premier gold belt and a steadily advancing field program, FinEx provides its shareholders with exposure to potential discovery-stage exploration projects in a structurally bullish gold environment”.

2025 Exploration Program Now Underway

The 2025 field season is fully funded with a $4M treasury and underway with concurrent exploration initiatives across the Ruoppa, Nuuti, Somma and Hangas project areas:

  • Drone magnetic survey covering the Ruoppa, Nuuti, Somma and Hangas projects in June 2025;
  • Soil sampling and bedrock mapping at the Nuuti and Somma projects from June to August 2025;
  • Trenching to target extensions of Ruoppa East and Outamaa mineralization from July to August 2025;
  • Top of Bedrock drilling on the Ruoppa project in July 2025; and
  • Diamond core drilling (approximately 2,500 metres) targeting Ruoppa East mineralization from August to September 2025.

About the Ruoppa Project

The Company’s flagship Ruoppa project is situated in the Central Lapland Greenstone Belt in Finland, adjoining Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources’ recent Ikkari discovery. Previous work by FinEx at Ruoppa identified a series of high-grade gold targets that extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples above 1 g/t Au with the highest value measuring 95.1 g/t Au, within a zone extending over 250 m. Ruoppa is fully permitted for drilling and a first-pass diamond drill program is scheduled for August 2025. For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2015, as filed on SEDAR+ at www.sedarplus.ca.

About FinEx Metals Ltd.

FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company’s flagship Ruoppa project adjoins Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.

For more information, please visit the Company’s website at www.finexmetals.net.

FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a “Qualified Person” (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.

On Behalf of the Board of Directors

Tero Kosonen

Chairman and Chief Executive Officer

+1 (604) 681-9100

tero@finexmetals.net

For further information, please contact:

Brennan Zerb

Investor Relations Manager

+1 (778) 867-5016

brennan@nqcapitalgroup.com

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

Forward-Looking Statements:

This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.

Source

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finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) is pleased to announce the start of the 2025 exploration programs for its PIL and ATTY Properties within the Toodoggone Mining District of Northern British Columbia .  These programs are fully funded under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport’). Under these agreements, Freeport can earn up to an 80% interest in each property by investing $35 million in exploration expenditures and making cash payments of $4.1 million over a period of six years. ( Reference #1 ).

The exploration programs at PIL and ATTY are designed to best outline and prioritize as many targets as possible for drill testing in 2026. The 2025 programs at both PIL and ATTY will consist of the following activities with Finlay acting as Operator:

  • Detailed, property-wide ,100 metre (‘m’) line-spaced airborne magnetic surveys;
  • extensive induced polarization (‘IP’) geophysical surveys;
  • detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL and up to 3 target areas on the ATTY depending on weather and conditions.

The exploration crews are anticipated to arrive on the PIL Property in the coming week and the exploration programs are expected to extend into late August.  Finlay will provide additional updates on the progress and results of the exploration programs as they become available in the coming months.

Finlay’s President and CEO, Ilona Lindsay , states:

The proposed exploration programs for 2025 will permit us to continue to advance these promising projects through systematic exploration,’ says Lindsay.

‘We are excited to build on the successes of previous exploration campaigns, especially given the highly encouraging results seen at the PIL South and in the Wrich area.

Freeport’s expertise and funding significantly enhances our ability to carry out systemic and comprehensive exploration across both properties. This is a transformative opportunity for Finlay Minerals.

PIL Property :

Exploration on the PIL Property will focus on the western Toodoggone porphyry corridor that includes Freeport and Amarc’s newly discovered AuRORA Au-Cu porphyry system, Centerra Gold’s Kemess North and Kemess East Deposits and the former Kemess South Mine – refer to Figure 1 .  Exploration will be prioritized at and around the PIL South Target, working on the theory that the major porphyry centres occur along northeast-southwest trends within this corridor. In 2024, drilling at PIL South intercepted Cu-Au porphyry mineralization.  Other targets on the PIL Property include favorable geological, alteration, and surface geochemical environments with other porphyry indicators such as high-sulphidation systems.

Details of the PIL Property exploration targets can be found in the Company’s PIL Technical Presentation on the Finlay website at www.finlayminerals.com .

ATTY Property :

Exploration work on the ATTY Property will focus on the Wrich target which is adjacent to the SWT target on the Joy Property. The SWT target hosts a >2 kilometre (‘km’) copper geochemical anomaly that is open to the south and extends onto the ATTY Property for another 1.2 km to the southeast.

Details of the ATTY Property exploration targets can be found in the Company’s ATTY Technical Presentation on the Finlay website at www.finlayminerals.com .

Freeport negotiated Earn-In agreements on both the PIL and ATTY Properties whereby Freeport can earn an 80% interest in each property by spending $35 million in exploration expenditures and $4.1 million cash payments of over six years ( Reference # 1) .   Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

References:

    Qualified Person:

    Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

    About finlay minerals ltd.

    Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia :

    • The ATTY Property covers 3,875 hectares (‘ ha ‘) of sub-alpine terrain in the southern Toodoggone region. The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold’s Kemess Project and the JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property’s KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.
    • The PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. The PIL Property is neighboured by Amarc Resources and Freeport-McMoRan’s JOY Project and TDG Gold Corporation’s Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold’s past-producing Kemess South Mine and 15 km east of Thesis Gold’s Lawyers Project.
    • The Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .
    • The SAY Property covers 26,202 ha and is located 140 km north of Smithers, B.C. The SAY Property is within a 135-km long belt of relatively unexplored Stikine Terrane, with American Eagle Gold’s NAK and Amarc Resources and Boliden Mineral Canada’s DUKE Cu-Mo-Ag-Au porphyry prospects at the southern end, to HDI Quartz Mountain Resources Ltd.’s Jake Project Cu-Au-Ag porphyry discovery at the north end of the belt. The SPUR and SHEL zones are the most advanced targets on the SAY property. The SPUR is a high-grade Cu-Ag structural controlled vein and breccia target extending for 4.3 km with assays up to 15.8% Cu and 993 g/t Ag. The SHEL target area is a Cu-Mo porphyry identified by historic mapping and drilling.
    • The JJB Property covers 15,423 ha 10 km north of the SAY Property.  The JJB Property covers known gossans with associated Cu-Au-Ag geochemical anomalies.

    Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com .

    On behalf of the Board of Directors,

    Robert F. Brown
    Executive Chairman of the Board & Director

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

    Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

    SOURCE finlay minerals ltd.

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/18/c9255.html

    News Provided by Canada Newswire via QuoteMedia

    This post appeared first on investingnews.com

    Finlay Minerals (TSXV:FYL,OTCQB:FYMNF) is a Vancouver-based explorer targeting copper, gold, and silver in British Columbia’s prolific Stikine Terrane. With a focus on porphyry and epithermal systems, the company leverages strong geological expertise, strategic partnerships, and disciplined capital use to drive discovery and development.

    Finlay Minerals offers a compelling, de-risked exploration opportunity anchored by 2025 earn-in agreements with Freeport-McMoRan, one of the world’s largest copper producers. Freeport is actively funding the advancement of the PIL and ATTY projects in BC’s Toodoggone District, providing a non-dilutive path to unlock value from Finlay’s flagship assets.

    With rising copper and gold prices and operations in one of the world’s safest and most resource-rich jurisdictions, Finlay offers investors exposure to significant upside through smart partnerships and disciplined exploration.

    Company Highlights

    • Strategic Alliance with Freeport-McMoRan: Freeport has committed up to $35 million in exploration spending and $4.1 million in cash payments for an 80 percent interest in Finlay’s PIL and ATTY projects, validating their district-scale potential.
    • Dominant Land Position in the Toodoggone District: PIL and ATTY provide direct exposure to one of BC’s most active copper-gold corridors, adjacent to Centerra’s Kemess complex and Amarc-Freeport’s AuRORA discovery.
    • Unlocking the Bear Lake Corridor: The SAY and JJB properties offer large-scale exploration potential in an underexplored region analogous to major discoveries like American Eagle’s NAK and Amarc’s DUKE.
    • Disciplined Exploration Focus: More than 70 percent of all capital raised has gone directly into the ground, demonstrating Finlay’s capital-efficient approach and scientific rigor.
    • Proven Leadership Legacy: Founded by renowned geochemist John J. Barakso and led by a technically adept team with deep experience in BC exploration.

    This Finlay Minerals profile is part of a paid investor education campaign.*

    Click here to connect with Finlay Minerals (TSXV:FYL) to receive an Investor Presentation

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    Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.

    The company said in a release that about 10% of its U.S. items use FD&C colors, the synthetic additives that make many foods more visually appealing. Kraft Heinz brands that sell products with these dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.

    The company removed artificial colors, preservatives and flavors from its Kraft macaroni and cheese in 2016 and its Heinz ketchup has never used artificial dyes, according to Pedro Navio, North America president at Kraft Heinz. It is unclear how removing the dyes will affect the company’s business, as consumers could perceive the products as healthier but also may be less drawn to duller colors.

    Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store in San Diego on April 27, 2025.Kevin Carter / Getty Images

    The decision follows pressure from the U.S. Food and Drug Administration and Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., for the food industry to pull back on artificial dyes as part of a larger so-called Make America Healthy Again platform.

    The FDA in April announced a plan to phase out the use of petroleum-based synthetic dyes by the end of next year and replace them with natural alternatives. Besides the previously banned Red No. 3, other dyes that will be eliminated include red dye 40, yellow dye 5, yellow dye 6, blue dye 1, blue dye 2 and green dye 2, FDA Commissioner Marty Makary said at the time.

    Kennedy said at the time that the FDA and the food industry have “an understanding,” not a formal agreement, to remove artificial dyes. The Health and Human Services secretary discussed removing artificial food dyes during a meeting in March with top food executives from companies including Kraft Heinz, PepsiCo North America, General Mills, WK Kellogg, Tyson Foods, J.M. Smucker and the Consumer Brands Association, the industry’s top trade group.

    A spokesperson for Kraft Heinz said on Tuesday that the company looks forward to partnering with the administration “to provide quality, affordable, and wholesome food for all.”

    Momentum against food dyes had been building for years. In January, before President Donald Trump and Kennedy took office, the FDA announced a ban on the use of Red No. 3 dye in food and ingested drugs. The dye gives many candies and cereals their bright red color, but is also known to cause cancer in laboratory animals. The FDA allowed Red No. 3 to be used by food manufacturers for years, though the state of California had already banned the dye in 2023.

    Kraft Heinz said in the release Tuesday that it has made more than 1,000 recipe changes over the past five years to improve product nutrition.

    “The vast majority of our products use natural or no colors, and we’ve been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,” Navio said. “Above all, we are focused on providing nutritious, affordable and great-tasting food for Americans and this is a privilege we don’t take lightly.”

    This post appeared first on NBC NEWS

    A new king reigns in TV land.

    Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.

    In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.

    ‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’

    While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.

    The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.

    Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.

    This post appeared first on NBC NEWS

    In this video, Mary Ellen spotlights breakouts in Energy and Defense, Technology sector leadership, S&P 500 resilience, and more. She then unpacks the stablecoin fallout hitting Visa and Mastercard, highlights Oracle’s earnings breakout, and shares some pullback opportunities.

    This video originally premiered June 13, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

    New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

    If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

    With oil prices surging and geopolitical unrest stirring in the Middle East, it’s no surprise that energy stocks are drawing renewed attention. And, quite frankly, this week didn’t have many market-moving earnings. So this week, we skate to where the puck is, or, in this case, where traders’ eyes will be focused—the Energy sector.

    In the past, we have witnessed this sector spike due to conflicts, and changes can come quickly. The following setups appear to favor continued and quick momentum to the upside.

    Energy: A Sector on the Move

    Let’s begin with the big picture: the Energy Select Sector SPDR ETF (XLE). This ETF offers a broad view of the energy landscape. Yes, 40% of this ETF consists of just two stocks — Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX). So these two will drive the bus when it comes to price action. However, when looking at the entire sector, we see some good risk/reward setups worth monitoring.

    From early 2024, XLE has been trading in a rather wide neutral range. In April, though, the ETF broke down and fell out of that range. That was due in part to cheaper oil prices and a reaction to Liberation Day tariffs. This ended up being a classic bear trap, as price held its 200-week moving average (red circle above) and moved back into its range.

    The adage, “from false moves come fast moves in the opposite direction,” is well in play here, and given the fundamental backdrop of oil spiking due to conflict, the push higher should continue.

    From a risk/reward set-up, the ETF could climb towards the top end of its range and likely break out higher. The risk is at the bottom of the neutral range — support at $82.50 with a first stop upside target of $95. Given Friday’s close, it’s not too much of a risk/reward difference, but momentum indicators suggest the upside is achievable, possibly quickly.

    The weekly Moving Average Convergence/Divergence (MACD) is flashing a strong buy signal, while the Relative Strength Index (RSI) is breaking a downtrend going back to its August 2024 peak. It has all the makings of a run to resistance and potential breakout, with conservative upside targets of $108 given the range from which the ETF is breaking out.

    Occidental Petroleum (OXY): A Buffett Favorite Reawakens

    If you’ve followed Warren Buffett’s investments, you’ll recognize Occidental Petroleum (OXY). The stock has been beaten down for quite some time, but, last week, it awoke from its slumber.

    OXY shares spiked on Friday, which puts it at a key inflection point. This price action caught our eye, since we are focusing on some good setups from a risk/reward perspective. There could be more room for the stock to run.

    OXY enters the week at its weekly downtrend, going back to its 2024 peak at $69.56. Technically, there is major resistance ahead, but it seems poised to attack those levels and has a lot to reverse, which can give investors a nice percentage gain in the meantime.

    If shares can eclipse this recent downtrend, then expect a quick run to its 200-week moving average at the $52/$53 level. This level acted as a major consolidation point for years; the once mighty support area could act as resistance and must be watched closely. However, a date with this level looks quite promising and represents a 15% gain from Friday’s close.

    If momentum continues and OXY breaks through that level, it’s smooth sailing for another 15+% upside toward the $60 area. OXY could continue to its 2022–2023 consolidation area and do so quickly.

    Baker Hughes (BKR): Is It Ready to Wake Up?

    Lastly, we turn to Baker Hughes (BKR), an oilfield services and technology company that has been a major laggard since its February peak of $48.85. Technically, it enters the week at a major inflection point.

    BKR has formed an ascending triangle, which is nearing its breaking point. That point happens to be at its longer-term downtrend and its 200-day moving average, which makes for an interesting setup.

    Downside risk could see shares fall back to their 50-day moving average and the rising short-term average that’s within this tradable formation. If BKR breaks below that level, all bets for this near-term rally are off. 

    The upside risk favors the bulls. If BKR were to break out, this would confirm a new uptrend, with upside targets 15–20% higher than Friday’s close.

    Final Thoughts

    The setups we’re seeing in the Energy sector offer a favorable balance between risk and reward. Be mindful of the downside risks and place your stops in the event the position goes against you. Remember, energy markets can shift quickly, especially when geopolitical tensions are involved.


    When you see headlines about geopolitical tensions and how the stock market sold off on the news, it can feel unsettling, especially when it comes to your hard-earned savings. But what you might not hear about in the news is what the charts are indicating.

    Look at what happened in the stock market recently. On Friday, investors were bracing for a rocky start this week, expecting geopolitical tensions to shake up the stock market. That’s not what unfolded. After Friday’s +1% dip, the U.S. indexes bounced back, starting the week off on a positive note. It just goes to show how quickly things can shift, and often, not in the way we might anticipate.

    A Closer Look at the S&P 500

    The S&P 500 ($SPX) looks like it’s back on track and attempting to move toward its all-time high. Volatility has also retreated, and oil prices, which went as high as $77.62 a barrel, have pulled back to slightly above $71.

    Think of it this way: if you took Friday’s price action out of the equation, the S&P 500 has been moving steadily by grinding out its narrow range sideways move. The uptrend in equities is still in play, despite the Middle East conflict.

    The StockCharts Market Summary page shows that the S&P 500 and Nasdaq Composite ($COMPQ) are trading well above their 200-day simple moving averages (SMA), while the Dow Industrials ($INDU) is struggling to remain above the benchmark. Small-cap stocks continue to struggle, which suggests that growth leadership continues to be on investors’ radars. You can see this in the sector performance panel, which shows Technology in the lead.

    Since tech stocks make up a significant portion of the S&P 500, let’s take a closer look at the daily chart.

    FIGURE 1. DAILY CHART OF S&P 500. The week started off on a positive note despite Middle East tensions. Monitor trends, key levels, and momentum indicators.Chart source: StockCharts.com. For educational purposes.

    As mentioned earlier, not much has happened in the S&P 500 despite Friday’s selloff. The overall uptrend is still in place. The index is trading above its 21-day exponential moving average. The S&P 500 is about 1.84% away from its all-time high.

    However, even though the bias is slightly bullish, there are indications that the market’s momentum isn’t strong at the moment. Here’s why:

    • The Relative Strength Index (RSI) is faltering, indicating momentum isn’t quite there yet. Note the RSI is not moving higher with the index, meaning it’s diverging.
    • The Percentage Price Oscillator (PPO) has been relatively flat and sloping slightly downward since the end of May. This confirms the stalling momentum indicated by the RSI.
    • The 200-day SMA is above the 50-day SMA. The 50-day SMA needs to cross above the 200-day SMA to confirm the bullish bias.

    What to Watch

    Keeping the trend direction and momentum in mind, here are some levels to monitor on the chart.

    • Just below 6150: This area represents the S&P 500’s all-time high. If the index reaches this level, it will likely be met with resistance. A break above this level would elevate bullish sentiment and show upside momentum in the market.
    • Between 5950 and 6050: The S&P 500 has been moving within this range for most of the month. It almost seems as if it’s waiting for something to act as a catalyst to move it in either direction. When it happens, the RSI and PPO will indicate whether momentum is to the upside or downside.
    • The 5775 area: This level represents the March 24 to March 26 high and the May 12 and May 23 lows. A break below this level would not be bullish for the S&P 500. Note that the 200-day SMA is close to this level.

    The Bottom Line

    The stock market always has its ups and downs, and some days may feel more uncertain than others. However, by focusing on long-term trends and support or resistance levels based on past highs and lows, you can approach your investment decisions with a more objective mindset.

    Instead of reacting to news headlines, consider adding the “lines in the sand” — key support and resistance levels, trendlines, price channels — to your charts. These can be added to daily, weekly, or monthly time frames. Monitoring the market’s action at these levels can offer valuable insights and better prepare you for whatever comes your way.


    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.