Breaking
Americans Rule Trading
Author

admin

Browsing
Investing

Walker Lane Resources Ltd. Announces the Commencement of Drilling by Coeur Silvertip Holdings on its Silverknife Property, British Columbia

Investing 8 Mins Read

Frankfurt:6YL) (TSXV:WLR)(Frankfurt:6YL)(‘Walker Lane’) announces a drill campaign has commenced on its Silverknife Property that is fully funded by Coeur Silvertip Holdings, Ltd. (‘Coeur‘), a subsidiary of Coeur Mining, Inc. (NYSE:CDE), pursuant to the terms of an option agreement where Coeur can earn an initial 75% interest that can be increased to a 100% stake in the Property. The proposed drill program comprises of five holes with total meterage of approximately 1,200 meters at three sites. Additional work by Coeur will be focused on completing groundwork for future permitting of the Tootsee River North Zone and the other prospective zone for advanced exploration and possible drilling in 2026 and beyond.

‘We are very pleased to have the Coeur team executing and funding exploration as they have a huge amount of expertise in CRD systems. We believe it is a significant advantage to our shareholders to have their team executing and funding exploration at Silverknife,’ stated Kevin Brewer, P.Geo., President and CEO of Walker Lane. ‘We identified the large areas of exploration potential at Silverknife and Coeur started in 2024 to utilize that data and integrate it into their own data to establish a minerals systems approach. This preliminary program will further the understanding of these potentially large CRD systems in the Silvertip region. We see this as the first major step to uncovering the significant potential of the Silverknife Prospect. A project like this with such large areas to explore requires a multi-year exploration commitment. Considering the large area under investigation with this limited program, if mineralization is intersected it could be a game changer.’

The drill program is a preliminary examination testing the possible western extent of the prospective geology and mineralization of the Silverknife Prospect in the Silverknife Central Zone. The program is designed to:

  • Test the down-dip extension of the Silverknife Prospect including testing for new parallel ore zones to the existing two stacked ore zones;
  • An initial examination of the structural complexity of the Silverknife Central Zone and possible contact relationships between the Rosella Limestone Formation (a highly prospective target for CRD mineralization) with the granodioritic Cassiar Intrusive;
  • Conduct an initial test of coincident gravity and magnetic anomalies that are quite large and are associated with cross cutting fault structures suggesting an ideal setting for CRD and skarn mineralization; and,
  • Understand the geology of the metasediments in the deeper part of the Silvertip sedimentary package.

The Silverknife Property is located in north-central British Columbia and is located immediately west of Coeur’s Silvertip Mine, one of the highest-grade CRD silver-lead-zinc-critical mineral projects in the world. The Property shows considerable promise to host a CRD deposit. It already hosts the Silverknife Prospect which extends westwards from the Silvertip property into the Silverknife property. The Company has also issued several information releases pertaining to the identification of three other areas of exploration prospectivity within the Silverknife property.

On behalf of the Board:

‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
Tel: (709) 327 8013 kbrewer80@hotmail.com
Suite 1600-409 Granville St., Vancouver, BC, V6C 1T2

Cautionary and Forward Looking Statements
This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

Click here to connect with Walker Lane Resources (TSXV:WLR) to receive an Investor Presentation

Source

This post appeared first on investingnews.com

Keep Reading
Business

Kraft Heinz to split into two companies

Business 3 Mins Read

Kraft Heinz will split into two companies, reversing much of the blockbuster $46 billion merger from a decade ago that created one of the biggest food companies in the world.

The first of the two new companies, which are not yet named, will primarily include shelf-stable meals and will be home to brands such as Heinz, Philadelphia and Kraft mac and cheese. Kraft Heinz said that company on its own would have $15.4 billion in 2024 net sales, and approximately 75% of those sales would come from sauces, spreads and seasonings.

Kraft Heinz said the second new company would be a “scaled portfolio of North America staples” and would include items such as Oscar Mayer, Kraft singles and Lunchables. That company will have approximately $10.4 billion in 2024 net sales.

“Kraft Heinz’s brands are iconic and beloved, but the complexity of our current structure makes it challenging to allocate capital effectively, prioritize initiatives and drive scale in our most promising areas,” said Miguel Patricio, executive chair of the board for Kraft Heinz. “By separating into two companies, we can allocate the right level of attention and resources to unlock the potential of each brand to drive better performance and the creation of long-term shareholder value.”

The deal that created Kraft Heinz in 2015 was the brainchild of Warren Buffett’s Berkshire Hathaway and private equity firm 3G Capital. While investors originally cheered the merger, the luster began to fade as the combined company’s U.S. sales faltered.

Then came a disclosure in February 2019 that Kraft Heinz had received a subpoena from the Securities and Exchange Commission related to its accounting policies and internal controls. The company also slashed its dividend by 36% and took a $15.4 billion write-down on Kraft and Oscar Mayer, two of its biggest brands. Days later, Buffett told CNBC that Berkshire Hathaway had overpaid for Kraft.

A leadership shakeup and more write-downs of iconic brands, like Maxwell House and Velveeta, followed. Kraft Heinz also began divesting some of its businesses, selling off most of its cheese unit to French dairy giant Lactalis and its nuts division, including the Planters brand, to Hormel.

In recent quarters, the company has invested in boosting some of its brands, like Lunchables and Capri Sun. Despite turnaround efforts, shares of Kraft Heinz have slid roughly 60% since the merger closed in 2015.

The split comes as more big food companies pursue breakups to divest from slower-growth categories and impress investors again.

In August, Keurig Dr Pepper announced that it will undo the 2018 deal that merged a coffee company with the 7 Up owner. Keurig Dr Pepper plans to separate after it closes its $18 billion acquisition of Dutch coffee company JDE Peet’s. And two years ago, Kellogg spun off its snacks business into Kellanova and renamed itself as WK Kellogg.

This post appeared first on NBC NEWS

Keep Reading
Business

U.S. judge orders Google to share search data with competitors

Business 2 Mins Read

Alphabet’s Google must share data with rivals to open up competition in online search, a judge in Washington ruled on Tuesday, while rejecting prosecutors’ bid to make the internet giant sell off its popular Chrome browser and Android operating system.

Google CEO Sundar Pichai expressed concerns at trial in the case in April that the data-sharing measures sought by the U.S. Department of Justice could enable Google‘s rivals to reverse-engineer its technology.

Google has said previously that it plans to file an appeal, which means it could take years before the company is required to act on the ruling.

U.S. District Judge Amit Mehta also barred Google from entering into exclusive agreements that would prohibit device makers from preinstalling rival products on new devices.

Google had argued that loosening its agreements with device makers, browser developers and mobile network operators was the only appropriate remedy in the case. Its most recent deals with device makers Samsung Electronics and Motorola and wireless carriers AT&T and Verizon allow them to load rival search offerings, according to documents shown at trial in April.

The ruling results from a five-year legal battle between one of the world’s most profitable companies and its home country, the U.S., where Mehta ruled last year that the company holds an illegal monopoly in online search and related advertising.

At a trial in April, prosecutors argued for far-reaching remedies to restore competition and prevent Google from extending its dominance in search to artificial intelligence.

Google said the proposals would go far beyond what is legally justified and would give away its technology to competitors.

In addition to the case over search, Google is embroiled in litigation over its dominance in other markets.

The company recently said it will continue to fight a ruling requiring it to revamp its app store in a lawsuit won by “Fortnite” maker Epic Games.

And Google is scheduled to go to trial in September to determine remedies in a separate case brought by the Justice Department where a judge found the company holds illegal monopolies in online advertising technology.

The Justice Department’s two cases against Google are part of a larger bipartisan crackdown by the U.S. on Big Tech firms, which began during President Donald Trump’s first term and includes cases against Meta Platforms, Amazon and Apple.

This post appeared first on NBC NEWS

Keep Reading
Investing

Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy

Investing 5 Mins Read

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY) (OTCMKTS:LKYRF) is pleased to announce the appointment of Mr Pat Burke as Non-Executive Chairman. Mr Burke brings proven experience and success in advancing rare earth element (REE) projects and has significant corporate governance expertise, ASX listed leadership experience and a strong track record in the resources sector.

In his role as Executive Chairman of Meteoric Resources NL (ASX:MEI), MC ~$370m, he oversaw the transformative acquisition and advancement of the Caldeira ionic clay REE project in Brazil, one of the world’s largest high grade ionic clay rare earth deposits. Mr Burke was actively involved in all aspects of the project’s initial progression, including negotiations with government agencies, local partners and funders.

He is a qualified lawyer, with over 20 years legal and corporate advisory experience. Mr Burke’s legal expertise is in corporate, commercial and securities law. His corporate advisory experience includes identification of acquisition targets, deal structuring and financing and project development.

He has held Board roles across numerous ASX companies, as well as AIM and NASDAQ-listed companies, including Mandrake Resources and Vulcan Energy Resources.

Locksley is entering a significant growth phase as it advances its Mine to Market Strategy. In conjunction with Mr Burke’s appointment, Mr Nathan Lude will transition from Chairman to the newly created role of Head of Strategy, Capital Markets & Commercialisation. This reflects the Company’s focus on advancing its U.S. minerals projects, processing pathways and downstream critical minerals and technology initiatives. In this role Mr Lude will dedicate his time to:

Downstream Technology & Commercialisation

– Coordinating Locksley’s collaboration with Rice University to fast-track antimony extraction, processing and energy storage innovation

– Securing commercial licensing opportunities, pilot site identification, and deployments

– Driving the establishment and contributions of Locksley’s U.S. subsidiary and Advisory Board

Strategic Partnerships & Government Engagement

– Building strategic partnerships and alliances with U.S. defense, energy, and targeted technology sectors

– Coordinating engagement through GreenMet, including submissions to U.S. federal and state government programs and funding opportunities such as the DOE, DoD, and EXIM Bank

Capital Markets & Investor Growth

– Overseeing marketing, investor relations, and public relations

– Coordinating with ASX funds and investors, while expanding the U.S. investor base via OTCQB

– Assessing growth pathways to OTCQX, NASDAQ, SPAC structures, and Frankfurt listing

Mr Lude commented:

‘Locksley has rapidly advanced its growth strategy in recent months, advancing both upstream project development and new downstream opportunities. This change allows me to focus on our Mine to Market initiatives in the U.S., where our projects and partnerships can meaningfully strengthen America’s critical minerals supply chain. With Pat leading the Board, drawing on his experience and success in identifying and advancing the Meteoric REE opportunity and his deep industry knowledge on critical minerals, I can dedicate my time to building the business foundations for Locksley’s next phase of investor growth.’

Mr Burke commented:

‘Locksley’s integrated approach from resource development through to downstream processing and advanced applications is well aligned with the current U.S. focus on secure, strategic critical minerals supply chains. I look forward to working with the Board and management to advance the Company’s portfolio and deliver value for shareholders.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY) (OTCMKTS:LKYRF) is an ASX-listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development of critical minerals for U.S.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 240 claims across two contiguous prospect areas, namely, the North Block-Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With surface samples grading up to 46% Sb as well as silver up to 1,022 g/t Ag, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Source:
Locksley Resources Limited

Contact:
Nathan Lude
Chairman
Locksley Resources Limited
T: +61 8 9481 0389

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Heliostar Presents Second Quarter 2025 Financial Results

Investing 19 Mins Read

Q2 2025 Quarter Highlights

  • Q2 2025 production of 7,396 Gold Equivalent Ounces (GEOs)
  • Q2 2025 sales of 8,556 GEOs
  • Consolidated cash costs of $1,413 per GEO sold and consolidated all-in sustaining costs (‘AISC’) of $1,541 for Q2 2025
  • The Company is on track to achieve its annual sales guidance of 31,000 to 41,000 GEOs, annual cash cost of $1,800-1,900 per GEO sold and AISC of $1,950-2,100 per GEO sold for 2025
  • Mine operating earnings of $14.3M in Q2 2025
  • Closing the quarter with $29.7M in cash, $51.7 million in working capital and no debt

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) today reported unaudited financial results for the three months ended June 30, 2025 (‘Q2 2025’), which corresponds to the first quarter of Heliostar’s fiscal reporting year 2025. Results are presented in US dollars, unless stated.

Heliostar CEO, Charles Funk, commented, ‘Q2 2025 was another strong quarter for Heliostar with the mines continuing to perform as expected, funding our production and resource growth programs, and further strengthening our financial position. Our consolidated margin continues to expand in a strong gold price environment, with the Company reporting an operating margin of 51%. Looking forward, the Company is restarting mining at San Agustin in late 2025 and expects to expand its production profile in Q4 2025 and into 2026. We continue to deliver on our commitment to grow the Company to a mid-tier gold producer.

‘The strong balance sheet and operating cash flow allow Heliostar to accelerate our growth plans. At La Colorada, we are drilling additional historical stockpiles with the objective of extending production through 2026 ahead of the planned pit expansion at Veta Madre. At San Agustin, the Company has satisfied all permitting requirements to develop the Corner area, and preparations are ongoing to restart mine operations before the end of the year. This restart is fully funded from cash on the Company’s balance sheet. Further, the Company has committed to an expanded $9.5 million program at Ana Paula in 2025, including a minimum 15,000 metre drilling with the objective of delivering mineral reserves to support a 10-year life of mine in the upcoming feasibility study.

‘In the quarter, the Company has been working on a number of technical reports to unlock additional value from our assets. The slightly delayed, updated La Colorada technical report will be completed in the coming weeks. A pre-feasibility study is planned for Cerro Del Gallo this year, and the feasibility study for Ana Paula is continuing to progress.’

Second Quarter 2025 Quarterly Conference Call

Heliostar will host a quarterly conference call on Thursday, September 4, 2025, at 11:00 AM, Eastern Time/8:00 AM Pacific Time. The call will provide a corporate update following the release of our financial and operating results for the second quarter of 2025.

Please use the link here to register for the call or visit the Company website at www.heliostarmetals.com.

Q2 2025 Operational and Financial Highlights

Total gold production of 7,396 gold equivalent ounces (‘GEO’) (7,262 gold ounces) in Q2 2025. Gold production was realized from mining the Junkyard Stockpile at the La Colorada mine, as well as re-leaching the previously stacked ore at the La Colorada and the San Agustin mines. Consolidated production also benefited from a nominal contribution from residual production from the rinsing of residual leach pads at the El Castillo mine. Production year-to-date (‘YTD’) 2025 is consistent with the 2025 guidance issued by the Company on February 4, 2025, which remains unchanged.

Total Cash Cost of $1,413 per GEO produced in Q2 2025. The combined YTD cash cost (see ‘Non-IFRS Measures’) is $1,257 per GEO.

Total AISC of $1,541 per GEO sold in Q2 2025. The consolidated YTD AISC (see ‘Non-IFRS Measures’) is $1,602 per GEO.

Both Total Cash Costs and AISC are ahead of the 2025 guidance range; however, the Company anticipates costs will increase in the latter half of the year as residual leaching at San Agustin declines ahead of stacking new ore from the Corner area, and particularly due to one-off capital costs incurred to restart primary mining from the Corner area.

Mine Operating Earnings of $14.3 million in Q2 2025. The Company continued to report strong results in Q2 2025, with continued improvements in operating performance, as well as benefiting from selling into a rising gold market. Mine operating earnings YTD 2025 are $26.1 million.

Net income attributable to shareholders of $1.9 million, or $0.01 per share, for Q2 2025. Net income of $1.9 million ($0.01 per share) for Q2 2025 compared to a net loss attributable to shareholders of $2.3 million ($0.01 loss per share) for Q2 2024.

Strengthened financial position and liquidity. On June 30, 2025, the Company had cash of $29.7 million and working capital (defined as current assets less current liabilities) of $51.7 million, with an increase in working capital of $10.1 million over the prior quarter. As of June 30, 2025, the Company had no debt.

Achieved stable production at La Colorada mine. The mining of new ore restarted at the Junkyard Stockpile in January 2025. Production from the Junkyard Stockpile has increased steadily during Q2 2025, with operating costs as expected, grade in line with the reserve model and ore tonnes reconciling slightly higher than expected. Production YTD 2025 was 7,850 GEOs (7,572 gold ounces). Ore feed from the Junkyard Stockpile is planned to continue into 2026, with other historical stockpiles identified to provide additional material to be crushed and stacked on the leach pad thereafter. Further, subject to receiving certain regulatory approvals, the Company intends to expand the Veta Madre pit to exploit 43k ounces of gold reserves.

Restart of mining at San Agustin. The Company was able to complete the regulatory requirements to enable the approval to restart mining at San Agustin from the Corner area. Preparation work to commence mining is underway, and the Company anticipates production from the Corner starting in Q4 2025 and continuing into 2027. Recoverable reserves at the Corner are estimated at 44.5k ounces of gold.

Continuing to advance the development of the flagship Ana Paula Project. In July 2025, the Company commenced an expanded $9.5 million exploration and development program, including a minimum 15,000 metre drill program at Ana Paula Project. The program has the objective of upgrading existing inferred mineral resources to demonstrate more than a 10-year mine life in the upcoming feasibility study. Technical and regulatory programs are being advanced in parallel and will continue through 2026 to complete a bankable feasibility study.

Preparation of updated technical reports. The Company is concluding an updated technical report for La Colorada and is planning to complete a prefeasibility study (‘PFS’) for the Cerro del Gallo Project in 2025 and continues to advance the Ana Paula Project feasibility study.

Operational and Financial Results

Results are reported for the three months ended June 30, 2025 (‘Q2 2025’), which corresponds to the first quarter of Heliostar’s fiscal reporting year 2026.

A summary of the Company’s consolidated operational and financial results for the reporting period is presented below:

Key Performance Metrics Q2 2025 Q2 2024
Operational
Gold produced 7,262 0
Gold equivalent ounces (‘GEOs’) produced 7,419 0
Gold sold 8,375 0
Gold equivalent ounces (‘GEOs’) sold 8,556 0
Cash cost1 1,413 0
All-in sustaining costs1 (‘AISC’) 1,541 0
Financial (in ‘000s)
Revenues 27,926 0
Mine operating earnings 14,256 0
Exploration expenses 1,916 1,502
Net income (loss) 1,892 (2,293)
Cash 29,703 2,379
Total assets 122,943 22,574
Working Capital 51,687 (1,121)

 

  1. Non-IFRS measure. Refer to the ‘Non-IFRS Measures’ section of this news release.

Operational Review

Consolidated Production and Costs

Q2 2025 was the Company’s third reporting period with metals production. The Company had no production in Q2 2024.

Gold production of 7,396 GEOs (7,262 gold ounces) for Q2 2025 was reported from the La Colorada mine and the San Agustin mine, with a nominal amount reported from the El Castillo mine, which has commenced reclamation. The combined YTD 2025 production of 16,477 GEOs of gold (16,039 gold ounces) is consistent with the 2025 guidance issued by the Company.

The combined cash costs for the producing operations were $1,413 per GEO sold, and the consolidated AISC was $1,541 per GEO sold. The combined cash costs and AISC are currently ahead of the 2025 guidance issued by the Company, and full-year results are expected to be within the guidance range.

La Colorada Mine

Operating results for Q2 2025 were as follows:

La Colorada Q2 2025 YTD 2025
Gold produced oz 3,464 7,572
Gold equivalent ounces (‘GEOs’) produced GEO 3,538 7,850
Gold sold oz 3,631 6,743
Gold equivalent ounces (‘GEOs’) sold GEO 3,747 6,997
Cash cost1 $/GEO sold 1,296 1,101
All-in sustaining costs1 (‘AISC’) $/GEO sold 1,425 1,232

 

In January 2025, mining of new ore restarted at the Junkyard Stockpile by the Company, alongside re-leach activities started by the previous operator.

During the reporting period, the La Colorada mine produced 3,538 GEOs (3,464 gold ounces). Total revenues of $12.0 million were reported from sales of 3,747 GEOs. A series of actions were implemented at La Colorada to improve re-leaching performance, with gold production from re-leaching exceeding plans. Production from the Junkyard Stockpile has increased steadily during Q2 2025 and continues to meet all expected parameters.

For the reporting period, cash costs were $1,296 per GEO ($1,101 per GEO YTD 2025), and AISC was $1,425 per GEO ($1,232 per GEO YTD 2025), currently an improvement on 2025 guidance.

The Company plans to continue mining of the Junkyard Stockpile through 2025 and into 2026, with other historical stockpiles identified to provide additional, continued feed to the crushers thereafter. Further, subject to receiving certain regulatory approvals, the Company intends to expand the Veta Madre pit to exploit 43k ounces of gold reserve, which will be timed sequentially with the ore feeds from the historical stockpiles.

San Agustin Mine

Operating results for Q2 2025 were as follows:

San Agustin Q2 2025 YTD 2025
Gold produced oz 3,564 7,975
Gold equivalent ounces (‘GEOs’) produced GEO 3,622 8,129
Gold sold oz 4,595 8,752
Gold equivalent ounces (‘GEOs’) sold GEO 4,660 8,930
Cash cost1 $/GEO sold $ 1,529 1,407
All-in sustaining costs1 (‘AISC’) $/GEO sold $ 1,597 1,485

 

In September 2024, the previous owners of San Agustin placed the mine under care and maintenance, with metals production continuing from the re-leaching of residual leach pads.

During the reporting period, the San Agustin mine produced 3,622 GEOs (3,564 gold ounces). Total revenues of $14.9 million were reported from sales of 4,660 GEOs. A series of actions were implemented at San Agustin to improve re-leaching performance, with gold production from re-leaching exceeding 2025 guidance.

For the reporting period, cash costs were $1,529 per GEO ($1,407 per GEO YTD 2025), and the consolidated AISC was $1,597 per GEO ($1,485 per GEO YTD 2025), which is currently an improvement on 2025 guidance.

The Company has completed regulatory requirements to enable the restart of mining at San Agustin from the Corner area (see News Release dated July 22, 2025). Work to commence mining is underway, including administrative programs and small ancillary capital projects, and the Company anticipates production from the Corner starting in Q4 2025 and continuing into 2027. Recoverable reserves at the Corner are estimated at 44.5k ounces of gold.

El Castillo Mine

Operating results for Q2 2025 were as follows:

El Castillo Q2 2025 YTD 2025
Gold produced oz 234 491
Gold equivalent ounces (‘GEOs’) produced GEO 236 499
Gold sold oz 149 646
Gold equivalent ounces (‘GEOs’) sold GEO 150 652
Cash cost1 $/GEO sold 782 866
All-in sustaining costs1 (‘AISC’) $/GEO sold 2,679 1,729

 

In late 2022, the previous owners of El Castillo placed the mine under care and maintenance, and the mine is now considered in reclamation. Some nominal metal production has been possible from the rinsing of residual heap leach pad during reclamation activities.

During the reporting period, the El Castillo mine produced 236 GEOs (234 gold ounces). Total revenues of $0.5 million were reported from sales of 150 GEOs.

Reclamation expenditures at the El Castillo mine for the three months ended June 30, 2025, were $nil; however, $1.1 million was incurred in indirect reclamation expenditures for maintenance of land, permits and general expenses required to maintain the site in good standing. Further reclamation work will continue to be performed in 2025.

Ana Paula Project

Development and Exploration expenditures at the flagship Ana Paula Project were $0.8 million in Q2 2025 ($1.2 million in Q2 2024).

During Q2 2025, the Company initiated a $9.5 million exploration and development budget, including a minimum 15,000 metre drilling program at Ana Paula with the objective of delivering mineral reserves to support a 10-year life of mine. On August 27, 2025, the Company announced initial results from the first resource conversion holes, including 30.2 metres at 6.29 grams per tonne gold.

During Q2 2025, the Company completed trade-off studies and determined a preferred process flowsheet for the project. Technical and regulatory programs are being advanced and will continue through 2026 to complete a bankable feasibility study.

Cerro del Gallo Project

The process of advancing the additional development and engineering required at the Cerro del Gallo Project is ongoing.

During Q2 2025, the Company began a strategic review of the Project and initiated technical programs with the objective of identifying and evaluating the next development steps.

During Q2 2025, the Company commissioned the preparation of a prefeasibility study for the Cerro del Gallo Project. The study is planned to be completed in 2025. All major environmental and other permits will need to be obtained before an investment decision can be considered by the Company.

Funding Overview

In the three months ended June 30, 2025, 5,254,548 warrants and 422,082 stock options were exercised for total proceeds of $1.3 million and 906,249 RSUs were converted.

As of June 30, 2025, the Company had no debt.

Non-IFRS Measures. This news release refers to certain financial measures, such as all-in-sustaining costs, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and, accordingly, may not be comparable to such measures as reported by other companies. These measures have been derived from the Company’s financial statements because the Company believes that they are of assistance in understanding the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company’s MD&A for Q4 2024, available on SEDAR+.

Cash costs. The Company uses cash costs per ounce of metals sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is the cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company’s reporting of these non-IFRS financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS financial measures. Cash costs include production costs, refinery and transportation costs and extraordinary mining duty. Cash costs exclude non-cash depreciation and depletion and site share-based compensation.

AISC. All-in Sustaining Costs (‘AISC’) more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (‘WGC’), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that with respect to AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations.

Statement of Qualified Persons

Gregg Bush, P.Eng., Mike Gingles, and Stewart Harris, P. Geo., Qualified Persons, as such term is defined by National Instrument 43-101 — Standards of Disclosure for Mineral Projects, have reviewed the scientific and technical information that forms the basis for this news release and have approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company, Mr. Gingles is employed as Vice President of Corporate Development, and Mr. Harris is employed as Exploration Manager.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100% owned Ana Paula Project in Guerrero, Mexico.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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.

Cautionary Statement Regarding Forward-Looking Information
This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the Company’s goal of becoming a mid-tier producer, the mine performance, production plans and the free cashflow generation from our operating mines, all profits generated from operations to be reinvested directly into our Companies growth and this reinvestment will focus on expanding production and growing resources across our portfolio.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264693

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Apollo to Proceed with 5-for-1 Share Consolidation

Investing 6 Mins Read

Apollo Silver Corp. (‘ Apollo ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that, further to the Company’s news release dated October 3, 2024, it intends to proceed with the consolidation (the ‘ Consolidation ‘) of its issued and outstanding common shares (‘ Shares ‘) on the basis of five (5) pre-Consolidation Shares for every one (1) post-Consolidation Share.

‘ Consolidation of the Company Shares should result in a price environment that allows for immediate marginability, the opportunity of greater blue-sky potential in the US and foreign markets, increased sophisticated investor interest and greater opportunity for inclusion in various indexes and/or index funds. In addition, few of the Company’s peer groups are margin eligible, providing the Company another advantage over our peers,’ commented Ross McElroy, President and CEO.

Prior to the Consolidation the Company has 242,585,395 Shares issued and outstanding. Following the Consolidation, the Company will have approximately 48,517,079 Shares issued and outstanding.

No fractional Shares will be issued under the Consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional Share as a result of the Consolidation shall be rounded to the nearest whole number and no cash consideration will be paid in respect of fractional Shares. The Consolidation will not affect any shareholder’s percentage ownership in the Company other than by the minimal effect of the aforementioned elimination of fractional Shares, even though such ownership will be represented by a smaller number of Shares. Instead, the Consolidation will reduce proportionately the number of Shares held by all shareholders.

A letter of transmittal will be mailed to registered shareholders providing instructions with respect to exchanging share certificates representing pre-Consolidation Shares for post-Consolidation Shares. Shareholders who hold their Shares in brokerage accounts or in book-entry form are not required to take any action as they will have their holdings electronically adjusted by the Company’s transfer agent or by their brokerage firms, banks, trust or other nominees. In accordance with the Company’s Articles, the Consolidation will not require shareholder approval and was approved by the Company’s Board of Directors on October 2, 2024.

The Company will issue a subsequent news release to announce the effective date of the Consolidation once approval has been received from the TSX Venture Exchange (‘ TSXV ‘), as the Consolidation remains subject to regulatory approval.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation the completion of the Consolidation; the receipt of approval for the Consolidation by the TSXV; and the expected benefits of the Share-Consolidation, including potential for a trading price environment that may allow for immediate marginability, an advantage over competition, and greater blue-sky potential in the U.S. and foreign markets, increased interest from sophisticated investors, and the potential for inclusion in various indexes. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and Ba; the demand for silver, gold and Ba; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement

Investing 9 Mins Read

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

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that it has closed a second and final tranche of its previously announced non-brokered private placement of units and flow-through units (the ‘ Offering ‘). This closing consisted of 22,305,600 units of the Company (each a ‘ NFT Unit ‘) at a price of $0.20 per NFT Unit for aggregate gross proceeds of $4,461,120 and 30,139,600 flow-through units (each a ‘ FT Unit ‘) at a price of $0.20 per FT Unit for aggregate gross proceeds of $6,027,920.

‘With the successful completion of this $15 million financing, Stallion Uranium is positioned stronger than ever to aggressively advance exploration across our highly prospective assets in the Athabasca Basin,’ stated Stallion’s CEO Matthew Schwab. ‘The overwhelming support from new and existing shareholders is a clear vote of confidence; not only in our team and strategy but in the exciting future of the uranium market as global demand accelerates. We’re entering this next phase with tremendous momentum, and we’re committed to unlocking significant value through disciplined, high-impact exploration this Winter. This is a truly transformational event for Stallion and its shareholders.’

In connection with the Offering, the Company previously closed a first tranche on August 20, 2025. Including the first and second tranches of the Offering, the Company has issued an aggregate of 43,545,400 NFT Units and 31,454,600 FT Units for aggregate gross proceeds of $15,000,000.

Each FT Unit consists of one flow-through common share of the Company as defined in the Income Tax Act (Canada) (a ‘ FT Share ‘) and one FT Share purchase warrant (each a ‘ FT Warrant ‘). Each FT Warrant entities the holder to purchase one additional FT Share in the capital of the Company (a ‘ FT Warrant Share ‘) at a price of $0.26 per FT Warrant Share for a period of 60 months from the closing of the date of issuance.

Each NFT Unit consists of one non-flow-through common share in the capital of the Company (a ‘ NFT Share ‘) and one share purchase warrant (a ‘ NFT Warrant ‘). Each NFT Warrant entitles the holder to purchase one additional non-flow-through common share in the capital of the Company (a ‘ NFT Warrant Share ‘) at a price of $0.26 per NFT Warrant Share for a period of 60 months from the date of issuance.

The NFT Units and FT Units issued pursuant to the Offering are subject to a four-month and one day hold period from the date of issuance under applicable Canadian securities laws.

In connection with the closing of the second tranche of the Offering, the Company paid the following finders fees to eligible arm’s length finders:

  • Paid a cash fee of $154,959 to Canaccord Genuity Corp. (‘Canaccord’), $80,075.53 to D-J Sheehan Consulting Limited, and $7,525 to Research Capital Corporation, and $12,250 to Ventum Financial Corp.
  • Issued 1,244,425 finder’s units (each a ‘Finder’s Unit’) to Canaccord, 297,144 Finder’s Units to D-J Sheehan Consulting Limited, and 37,625 Finder’s Units to Research Capital Corporation. Each Finder’s Unit consists of one common share and one non-transferrable common share purchase warrant, exercisable to purchase an additional share of the Company at a price of $0.26 per share for a period of 60 months from closing of the Offering;
  • Issued 1,630,370 finder’s warrants to Canaccord, each finder’s warrant is exercisable to purchase Finder’s Units of the Company at a price of $0.20 per Finder’s Unit for a period of 60 months from closing of the Offering; and
  • Issued 61,250 finder’s warrants to Ventum Financial Corp, each finders warrant is exercisable to acquire one common share in the capital of the Company at an exercise price of $0.26 for a period of 60 months from the closing of he Offering.

All securities issued to finders are subject to a four-month and one day hold period from the date of issuance under applicable Canadian securities laws. All warrants issued to finders are non-transferrable in accordance with the policies of the TSX Venture Exchange (the ‘ TSXV ‘).

Upon completion of the Offering, a new shareholder that holds or controls 20% or more of the Company’s shares (a ‘ Control Person ‘), Mr. Matthew Mason (‘ Mr. Mason ‘), was created though Mr. Mason’s purchase of 15,000,000 FT Units. Mr. Mason’s subscription was subject to obtaining requisite approval from the disinterested shareholders of the Company (as further described below) and the TSXV. In connection with Mr. Mason’s subscription, the Company obtained approval of disinterested shareholders holding or controlling more than 50% of its common shares to approve the creation of the new Control Person by written consent resolution.

The gross proceeds raised from the issuance of the FT Units will be used by the Company to incur exploration expenditures on the Company’s resource claims in the province of Saskatchewan and will constitute ‘Canadian exploration expenses’ as defined in the Income Tax Act (Canada). The net proceeds raised from the issuance of the NFT Units will be used by the Company for exploration and development activities of its Athabasca Basin properties and for working capital and general corporate purposes.

In connection with the Offering, pursuant to an Advisory Agreement with Canaccord, pursuant to which Canaccord provided financial advisory, consulting, and support services in connection with the Offering, the Company paid the advisor a work fee equal to $150,000 (the ‘ Canaccord Advisory Fee ‘) to Canaccord. The Canaccord Advisory Fee was paid through the issuance of 750,000 in units at the terms matching those of the NFT Units in the Offering (each a ‘ Fee Unit ‘).

Furthermore, in connection with the Offering, pursuant to an Advisory Agreement with Taylor K. Housser (‘ Mr. Housse r’), pursuant to which Mr. Housser provided financial advisory, consulting, and support services in connection with the Offering, the Company paid the advisor a work fee equal to $225,000 (the ‘ Housser Advisory Fee ‘ to Mr. Housser). The Housser Advisory Fee was paid through the issuance of 1,125,000 Fee Units.

The Fee Units and the underlying securities issued to Canaccord and Mr. Housser are subject to a four month and one day hold period in accordance with Canadian securities laws.

Mr. Mason, an insider of the Company by virtue of holding more than 10% of the Company’s issued and outstanding voting securities participated in the second tranche of the Offering for 15,000,000 FT Units. Any such participation was be considered a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). Such insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to such insiders nor the consideration that will be paid by such persons will exceed 25% of the Company’s market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Stallion Uranium Corp.:

Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

On Behalf of the Board of Stallion Uranium Corp.:

Matthew Schwab
CEO and Director

Corporate Office:
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

T: 604-551-2360
info@stallionuranium.com

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

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Lahontan Drills Thick, Shallow Gold at York: 90m grading 0.23 g/t Au Plus a Second High Grade Zone: 18m grading 0.73 g/t Au, All Oxide

Investing 11 Mins Read

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company’ or ‘Lahontan’) is pleased to announce the results from our 2025 Phase One drilling program at the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane. Lahontan completed seven reverse-circulation rotary (‘RC‘) drill holes totaling 1,210 metres (please see table below). Significant results include:

  • York: 89.9 metres (45.7 – 135.6m) grading 0.23 g/t Au (YOR25-001R): A very shallow, thick, intercept of oxide gold mineralization that greatly expands the footprint of the York gold zone and confirms the potential to expand the York gold resource along strike and down-dip, leveraging the upside value of the recently announced York claim acquisition (please see cross section below).
  • York: A second higher grade zone at York: 18.3 metres (141.7 – 160.0m) grading 0.73 g/t Au including 12.2m grading 1.00 g/t Au (YOR25-002R). This drill hole bottomed in oxidized gold mineralized rock and is open up and down-dip, and along strike, defining a second gold trend at York.
  • Slab: 39.6 metres (67.1 – 106.7m) grading 0.30 g/t Au immediately below the south end of the Slab open pit (CAL25-004R). This drill hole defines a second, strataform, oxide gold horizon that mimics the geometry of the Slab mineral resource defined by prior drilling* and confirms a new target for gold resource expansion.

Cross section through drill hole YOR25-001R. The thick oxide gold intercept correlates with adjacent drill holes demonstrating excellent continuity to gold mineralization and the potential to greatly expand the conceptual pit shell used to constrain the gold mineral resource estimate at York. Note that the true thickness of the gold intercept is approximately equal to the drilled interval.

The 2025 Phase One RC drilling program was intended to confirm multiple target concepts in the York and Slab gold resource areas at the Santa Fe Mine Project. Based on the very positive results described in more detail below, the Company is in the process of planning additional drilling at both York and Slab for later this year.

York Drilling: Both RC drill holes completed at York successfully defined new extensions to known oxide gold mineral resources*. As shown above, YOR25-001R confirmed the down-dip continuity of shallow oxide gold mineralization east of the York open pit along the Columbia Fault. Gold mineralization in the drill hole shows excellent correlation with previous drilling, in both thickness and gold grade. As noted above, oxide gold mineralization is open to the north where the gold zone appears to become shallower, and to the south, where mineralization is unconstrained by drilling. Importantly, the newly acquired York claims (please see Lahontan press release dated August 19, 2025) provide ample room for further oxide gold resource expansion, without the constraint of a claim boundary.

YOR25-002R is particularly interesting as it validates the geologic model for the York Fault, an important north-south striking fault that is a key control for gold mineralization in the York area (please see map and section below). YOR25-002R bottomed in good grade oxide gold mineralization (1.0 g/t Au) that may be corelate to the gold zone defined in YOR25-001R, and is likely the upper portion of a much thicker gold zone: another target for resource expansion drilling in the Fall (please see section below). The York Fault gold system remains open up-dip, down-dip, and along strike.

These two drill holes at York underscore the potential to greatly expand the York gold resource and demonstrate the considerable upside of the York area at Santa Fe, amplified by the recently acquired new claims at York.

York area drill hole location map. Line(s) of the York cross sections are shown in red, the western boundary of the newly acquired York claims is shown by the dashed line. North is up.

Cross section through drill hole YOR25-002R (see location map for line of section). Combined with the results from YOR25-001R, the drilling confirms the potential to expand the York conceptual pit shell as shown in red. YOR25-002R bottomed in oxide gold mineralization grading 1.0 g/t Au Eq. This intercept may correlate with the thick zone defined by YOR25-002R and therefore defines an excellent target for future resource expansion drilling (black dashed line).

Slab Drilling: Lahontan completed five RC drill holes in the Slab gold resource area (see map below). All the drill holes cut oxide gold mineralization (please table below), however the results for drill holes CAL25-003R and -004R are very encouraging, defining a new, stacked zone of oxide gold mineralization below the resource defined by previous drilling and the Slab open pit*.

Drill hole location map, Slab open pit and resource area. The line of the cross section is in red. North is up.

CAL25-004R cut 39.6 metres grading 0.30 g/t Au and 1.2 g/t Ag (0.31 g/t Au Eq, see table below), all oxide, and directly below gold mineralization seen in the Slab open pit and defined by historic drilling (see section below), providing an excellent opportunity to expand the conceptual pit shell at Slab. Additional drilling along strike and northwest of CAL25-004R (left in section) can add to potential gold resources at Slab and improve future project economics.

Northwest – southeast cross section through the south end of the Slab open pit. A potential conceptual pit shell is shown in red.

The other drill holes at Slab, CAL25-001R through -003R all hit zones of gold mineralization and will require additional drilling to refine drill targets for future resource expansion.

Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: ‘Lahontan is excited with the results from Phase One drilling at Santa Fe. In particular, the results from the York area, thick, shallow intercepts of oxide gold mineralization, highlight the tremendous upside potential of York, amplified by the recent expansion of our land package at York. We are in the process of designing a Phase Two drilling program for York and Slab, to take place in the Fall’.

Notes: Au Eq equals Au (g/t) + ((Ag g/t/83)*0.60). Silver grade for calculating Au Eq is adjusted to consider historic metallurgical recovery as described in the Santa Fe Project Technical Report*. True thickness of the intercepts is estimated to be 80-100% of the drilled interval. Numbers may not total precisely due to rounding.

QA/QC Protocols:

Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs. The QA/QC program consisted of the insertion of coarse blanks and Certified Reference Materials (CRM) into the sample stream at random intervals. The targeted rate of insertion was one QA/QC sample for every 16 to 20 samples. Coarse blanks were inserted at a rate of one coarse blank for every 65 samples or approximately 1.5% of the total samples. CRM’s were inserted at a rate of one CRM for every 20 samples or approximately 5% of the total samples.

The standards utilized include three gold CRM’s and one blank CRM that were purchased from MEG, LLC of Lamoille, Nevada (formerly Shea Clark Smith Laboratories of Reno, Nevada). Expected gold values are 0.188 g/t, 1.107 g/t, 10.188 g/t, and -0.005 g/t, respectively. CRM’s with similar grades are inserted as the initial CRM’s run out. The coarse blank material comprised of commercially available landscape gravel with an expected gold value of -0.005 g/t.

As part of the RC drilling QA/QC process, duplicate samples were collected of every 20th sample interval at the drill rig to evaluate sampling methodology. Samples were collected from the reject splitter on the drill rig cyclone splitter. Samples were collected at each 95- to 100-foot (28.96 – 30.48m) mark and labeled with a ‘D’ suffix on the sample bag. No duplicates were submitted for core.

All drill samples were sent to American Assay Laboratories (AAL) in Sparks, Nevada, USA for analyses. Delivery to the lab was either by a Lahontan Gold employee or by an AAL driver. Analyses for all RC and core samples consisted of Au analysis using 30-gram fire assay with ICP finish, along with a 36-element geochemistry analysis performed on each sample utilizing two acid digestion ICP-AES method. Tellurium or 50-element analyses were performed on select drill holes utilizing ICP-MS method. Cyanide leach analyses, using a tumble time of 2 hours and analyzed with ICP-AES method, were performed on select drill holes for Au and Ag recovery. AAL inserts their own blanks, standards and conducts duplicate analyses to ensure proper sample preparation and equipment calibration. We have all results reported in grams per tonne (g/t).

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. Mr. Lindholm also could not directly verify the QA/QC procedures described above, but the protocols are similar to those described in the Technical Report*. For more information, please visit our website: www.lahontangoldcorp.com

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

On behalf of the Board of Directors

Kimberly Ann
Founder, CEO, President, and Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

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

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

Source

This post appeared first on investingnews.com

Keep Reading
Business

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

Business 7 Mins Read

A new push by states to tax the real estate of the wealthy has sparked a backlash among brokers and potential buyers, who say the taxes punish the most important local spenders.

From tax hikes on pricey second homes in Rhode Island and Montana to Cape Cod’s proposed transfer tax on homes over $2 million and the L.A. mansion tax, state and local governments see a revenue gold mine in the pricey properties of the wealthy.

“It’s a smack in the face to people who just spend money here,” said Donna Krueger-Simmons, sales agent with Mott & Chace Sotheby’s International in Watch Hill, Rhode Island.

The tax hikes are being driven by tighter state budgets and populist anger over housing costs. States are looking to offset budget cuts expected from the new tax and spending bill in Washington. At the same time, the housing market has become a tale of two buyers, with the middle class and younger families struggling to afford homes while the luxury housing market thrives from wealthy all-cash buyers.

The solution for many states: tax the homes of the rich.

Rhode Island’s new levy, nicknamed “The Taylor Swift Tax,” is among the most extreme. The popstar bought a beach house in the state’s elite Watch Hill community in 2013.

The measure imposes a new surcharge on second homes valued at more than $1 million. For non-primary residences, or those not occupied for more than 182 days a year, the state will charge $2.50 for every $500 in assessed value above the first $1 million. That charge is on top of existing property taxes and will add up to big increases for luxury homes in Newport, Watch Hill and other well-heeled, summer communities in the state.

A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

Swift’s house, for instance, is assessed at around $28 million, according to local real estate records. Her current property taxes are estimated at around $201,000 a year. The new charges will add another $136,442 to her annual taxes, bringing her yearly total to $337,442 — even though locals say she rarely visits.

Real estate brokers say the increase targets the very taxpayers who already contribute the most. Wealthy second-homeowners pay hefty property taxes but don’t use many local services, since their primary residences are in New York; Boston; Palm Beach, Florida; or other locales. Their kids typically don’t attend the local schools, and they’re infrequent users of the police, fire, water and other municipal services since most stay for only 10 to 12 weeks out of the year.

“These are people who just come here for the summer, spend their money and pay their fair share of taxes,” said Krueger-Simmons. “They’re getting penalized just because they also live somewhere else.”

Brokers and longtime residents say the summer residents of Newport, Watch Hill and other seasonal beach towns are the economic engines for local businesses, restaurants and hotels.

“You’re just hurting the people who support small business,” said Lori Joyal, of the Lila Delman Compass office in Watch Hill. “You’re chasing away the people who spend most of the money in these towns.”

Rhode Island is also hiking its conveyance tax on luxury real estate starting in October. The tax on real estate sales will be an additional $3.75 for each $500 paid above $800,000 for a real estate purchase. At the same time, the state’s steep estate tax deters many of the ultra-wealthy from living there full-time.

Brokers say some second-home owners are considering selling and many would-be buyers are pausing their purchases. While the tax hike alone isn’t expected to lead to any significant wealth flight, Joyal said potential buyers in Rhode Island are already looking at coastal towns in Connecticut as alternatives.

“It’s always about choices,” she said. “At the end of the day it’s about how they can choose to spend their discretionary dollars. Connecticut has some beautiful coastal towns without some of these other high taxes.”

Montana has passed a similar tax. The influx of Californians and other affluent newcomers who poured into the state during Covid has led to soaring home prices and growing resentment over gentrification. Meanwhile, the state’s low income tax rate and lack of a sales tax has left it little room for revenue increases to handle the necessary increase in services.

In May, the state passed a two-tier property tax plan, lowering rates for full-time residents and raising taxes on second homes and short-term rentals. For primary residences and long-term rentals valued at or below the state’s median home price, the tax rate will be 0.76%. Homes worth more than that will face a tiered-rate system of up to 1.9% on any value over four times the median price.

The Montana Department of Revenue expects the changes, which will start next year, will hike second-home taxes by an average of 68%. Brokers say some buyers are waiting to see the tax bills next year before making any decisions about whether to buy or sell.

“I’ve heard about some buyers who have put on the brakes to wait for the dust to settle and see what happens,” said Valerie Johnson, with PureWest Christie’s International Real Estate in Bozeman, Montana.

Johnson said that while the tax was touted by legislators as hitting wealthy second-home owners, it will also hit longtime locals who own investment homes and rent them out for income.

“These are small businesses for many people,” she said.

Manish Bhatt, a senior policy analyst at the Tax Foundation, said tax hikes aimed at wealthy second-home owners may be popular politically, but they rarely make for successful or efficient tax policy. Real property tax reform should be broad based, rather than focused on taxpayers who are singled out just because they don’t live in a community full-time, he said.

“There is a grab to find revenue right now,” he said. “But taxing second-home owners could have the opposite impact — dissuading people from owning a second home or continue to own in those communities.”

While the new taxes alone might not drive out the wealthy, “we do know that taxes are important to businesses and individuals and could cause people to make a decision to buy in another nearby state,” Bhatt said.

The projected revenue from the new taxes may also disappoint. When Los Angeles passed its so-called “mansion tax” in 2022, proponents touted revenue projections of between $600 million to $1.1 billion a year. The tax, imposed on real estate sales over $5 million, has only raised $785 million after more than two years, according to the Los Angeles Housing Department.

Higher interest rates that hurt the housing market have played a role, experts say. Yet Michael Manville, professor of urban planning at the UCLA Luskin School of Public Affairs, said wealthy buyers and sellers also reduced transactions in response to the tax.

“The lower revenue is a reason to be concerned because it suggests that the tax might actually be reducing transactions, which in turn can reduce housing production and property tax revenue,” he said.

This post appeared first on NBC NEWS

Keep Reading