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After nearly seven years leading Barrick Mining (TSX:ABX,NYSE:B), CEO Mark Bristow has stepped down.

Since the company’s 2019 merger with Randgold Resources, Bristow has overseen the integration of the two companies, as well as significant investments in Barrick’s gold and copper assets.

The firm returned US$6.7 billion to shareholders under Bristow and cut net debt by US$4 billion. Its most recent quarter shows strong operating results, healthy cashflow, an increased quarterly dividend and robust share price performance.

In a statement, John Thornton, chairman of the board, offered thanks to Bristow for his years of leadership.

“During his tenure, Mark strengthened our portfolio and helped position Barrick as a leading global producer of gold and copper,” said Thornton. “As a result, the company is well-positioned for the next phase of our growth and value creation for all shareholders. We wish Mark the very best for his future.”

Mark Hill, currently overseeing Barrick’s Latin America and Asia Pacific operations, will step in as interim CEO and president following Bristow’s sudden departure. A mining executive with 30 years of experience, Hill joined Barrick in 2006 and has held roles in strategy, corporate development and leading major global projects.

Hill also played a key role in the company’s initial decision to explore the Fourmile gold project in Nevada.

The board’s search committee, chaired by independent director Brett Harvey, has launched a process — with support from a leading executive search firm — to identify a permanent president and CEO.

Ahead of Bristow’s unexpected departure, Barrick had made several headline-making announcements.

Earlier this month, the company disclosed the sale of its Hemlo gold mine in Ontario for up to US$1.09 billion, marking the company’s exit from the Canadian gold-mining scene and a continued focus on core assets.

The deal with Carcetti Capital (TSXV:CART.H), soon to be renamed Hemlo Mining, includes US$875 million in cash, US$50 million in shares and up to US$165 million in contingent payments tied to future gold output and prices.

At the time, Bristow said the sale supported Barrick’s capital allocation strategy.

The company is also contending with ongoing legal and political challenges in Mali, where its Loulo-Gounkoto complex has faced repeated seizures by the ruling military junta.

In July, military helicopters removed over a metric ton of gold, worth roughly US$117 million, without the company’s consent, following a similar January incident that saw 3 metric tons confiscated and exports blocked, forcing a suspension of operations. Barrick has responded by initiating arbitration at the International Center for Settlement of Investment Disputes, citing violations of its legal rights.

Shares of the mining major slipped slightly following Bristow’s exit, falling as low as C$47.95 on Monday (September 29), before rebounding back above C$48 by midday.

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

This post appeared first on investingnews.com

Gold’s record-setting rise continued on Monday (September 29) as the price broke US$3,800 per ounce.

After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August. It quickly took out US$3,500 and continued on past US$3,600, US$3,700 and now US$3,800.

The yellow metal is up over 10 percent in the last month, and about 44 percent year-to-date.

Gold price chart, June 28 to September 29, 2025.

Gold price chart, June 28 to September 29, 2025.

Gold’s latest rise comes amid concerns about a US government shutdown.

Congress has until the end of Tuesday (September 30) to reach a deal on a spending bill ahead of the new fiscal year, and will close shop the next day if an agreement hasn’t been reached.

Democrats and Republicans are currently at loggerheads as Democrats push for changes to the bill, including an extension to billions of dollars in subsidies for Obamacare, and as President Donald Trump threatens thousands of permanent layoffs — not just temporary furloughs — in the event of a shutdown.

Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Those factors have many experts predicting a rise beyond US$4,000, potentially before the end of the year, although a correction is widely expected beforehand.

Barrick, Newmont announce leadership changes

Gold’s US$3,800 milestone comes as major miners Barrick Mining (TSX:ABX,NYSE:B) and Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) announce leadership changes.

Barrick President and CEO Mark Bristow unexpectedly stepped down on Monday after nearly seven years at the helm of the company. His exit comes after major changes at the company, including a shift toward copper and an asset divestment program designed to hone the company’s focus on tier-one assets.

Bristow’s departure is effective immediately. Mark Hill, who is responsible for the company’s Latam and Asia Pacific regions, has stepped in as group COO, and interim president and CEO.

Also on Monday, Newmont announced the retirement of CEO Tom Palmer, who has held the position since 2019. He will be succeeded by Natascha Viljoen, currently the company’s president and COO, on January 1, 2026; Palmer will maintain a strategic advisor position until officially retiring on March 31, 2026.

Analysts note that Newmont had been signaling that a succession plan was in the works.

Similar to Barrick, the company has been in the midst of an extensive program geared at streamlining its portfolio. Newmont acquired Newcrest Mining in 2023, and in February 2024 announced a program to sell non-core assets. It completed the program in April of this year, but has continued to make portfolio adjustments, including the recently announced sale of the Yukon-based Coffee project to Fuerte Metals (TSXV:FMT,OTCQB:FUEMF).

During the last gold bull run, miners were criticized for allowing their costs to get out of hand, and for doing high-priced deals when the market was hot. This time around, they seem to be making efforts to remain in control and make decisions that benefit both their bottom lines and shareholders.

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

This post appeared first on investingnews.com

House Minority Leader Hakeem Jeffries, D-N.Y., has signaled that Democrats are not budging on their key demands ahead of a high-stakes meeting with President Donald Trump about government funding.

The federal government will enter a partial shutdown at midnight on Wednesday if Republicans and Democrats do not reach a deal on funding priorities for fiscal year (FY) 2026, which ends at the end of the day on Sept. 30.

All but one House Democrat rejected Republicans’ plan for a roughly straightforward extension of FY 2025 funding levels, through Nov. 21, aimed at giving appropriators more time for a longer-term deal.

Jeffries blasted the measure — called a continuing resolution (CR) — as partisan and has demanded that Republicans make concessions on healthcare in exchange for Democratic support.

He signaled during a last-minute news conference on Monday that Democrats would reject anything less than a written plan to extend Affordable Care Act (ACA) subsidies enacted during the COVID-19 pandemic.

‘No one can trust their word on healthcare. Are you kidding me? These people have been trying to repeal and displace people off the Affordable Care Act since 2010. That’s 15 years,’ Jeffries said. ‘And on behalf of the American people, we’re supposed to simply take their word that they’re willing to negotiate? The American people know that would be an unreasonable thing for us to do.’

Jeffries also pointed out that an alternate CR offered by Democrats would expand those subsidies under the ACA, colloquially known as ‘Obamacare,’ permanently.

It comes hours before he, Senate Minority Leader Chuck Schumer, D-N.Y., House Speaker Mike Johnson, R-La., and Senate Majority Leader John Thune, R-S.D., are set to meet with Trump to discuss government funding at 3 p.m. on Monday.

Johnson and Thune, along with other Republicans in Congress, have been pushing Democrats to accept the deal on the table — pointing out that funding levels have remained roughly the same since former President Joe Biden’s time in office.

‘We are ready, we are willing, we are able to find a bipartisan path forward and reach a spending agreement that actually keeps the government open, but meets the needs of the American people in terms of their health, their safety, and their economic well-being related to lowering the high cost of living, as opposed to allowing tens of millions of Americans to experience dramatically increased health care costs,’ Jeffries told reporters.

‘What we will not do is support a partisan Republican spending bill that continues to gut the healthcare of the American people.’

The COVID-era Obamacare subsidies are due to expire at the end of this year without any action by Congress.

Thune told NBC News’ ‘Meet the Press’ on Sunday that he would be open to negotiating a deal but not paired with the current government funding talks.

‘We can have that conversation, but before we do, release the hostage. Set the American people free, keep the government open, and then let’s have a conversation about those premium tax credits. I’m certainly open to that. I think we all are,’ he said. 

‘I will say … that particular program is desperately in need of reform. It’s fraught with waste, fraud and abuse. So we are going to have reforms if we take action there, but I think there’s potentially a path forward.’

The GOP-led CR passed the House earlier this month largely along party lines.

It’s now on the Senate, where at least several Democrats will be needed to reach the 60-vote threshold to proceed with the bill.

Schumer is under tremendous pressure by his left flank after playing a key role in advancing Republicans’ earlier CR in March, which extended through Sept. 30.

This time, however, Jeffries assured that he and Schumer are in ‘lock-step’ on bucking the Republican plan unless a compromise is reached.

He said of their upcoming sit-down with Trump, ‘We’re heading into the meeting to have a good faith negotiation about landing the plane in a way that avoids a government shutdown but does not continue the Republican assault on the healthcare of the American people.’

‘Republicans control the House and the Senate, and there’s a Republican president. If the government shuts down, it’s because Republicans want to shut the government down,’ Jeffries said at another point.

Johnson, meanwhile, hammered Democrats’ position in an appearance on ‘Sunday Morning Futures.’

‘We passed a continuing resolution, a simple, very clean, 24-page continuing resolution to keep the government open for seven more weeks, so the appropriators can finish that process,’ Johnson said.

‘And [Schumer] said, ‘No. Instead, I want to add $1.5 trillion in new spending to a seven-week stopgap bill…we want to reinstate free healthcare to illegal aliens paid for by U.S. taxpayer dollars. We want to claw back the $50 billion that we passed, Republicans passed, in our big, beautiful bill, the Working Families Tax Cuts, to provide for rural hospitals and healthcare, and a laundry list of other partisan priorities. He knows it’s a nonstarter.’

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President Donald Trump is set to attend Tuesday’s unprecedented all-hands meeting of U.S. military commanders in Quantico, Va., he said Sunday.

As speculation swirls over why generals and flag officers from around the world were summoned, Trump insisted the purpose was celebratory.

‘It’s really just a very nice meeting talking about how well we’re doing militarily, talking about being in great shape, talking about a lot of good, positive things. It’s just a good message,’ Trump told NBC News.

‘We have some great people coming in, and it’s just an ‘esprit de corps.’ You know the expression ‘esprit de corps’? That’s all it’s about. We’re talking about what we’re doing, what they’re doing, and how we’re doing.’

The gathering represents a major logistical and security feat, concentrating nearly every top U.S. military leader in one location. Trump’s attendance raises the stakes further, putting the Secret Service in charge of security.

Hundreds of generals, admirals and their senior enlisted leaders — ranked one star and above — were ordered last week to attend the meeting with War Secretary Pete Hegseth. The invitation offered no stated reason, fueling speculation it could herald mass cuts consistent with Hegseth’s push to shrink the general officer corps.

Sen. Tammy Duckworth, D-Ill., wrote to the Pentagon seeking details on the cost of flying in officers on such short notice and whether virtual alternatives were considered. About 800 general and flag officers are stationed worldwide, and together with their enlisted advisors and aides, the number descending on Quantico could exceed 1,000, according to Duckworth. She also asked what accounts would cover the costs, whether return travel might be disrupted by a potential government shutdown, and if a cost-benefit analysis preceded the decision to meet in person.

Defense officials and analysts have suggested the meeting may preview cuts not only to the general officer ranks but also to civilian and contractor roles at bases worldwide. Others believe it could foreshadow reductions to the U.S. force posture in Europe and the Middle East, consistent with an expected national defense strategy that prioritizes homeland defense after years of emphasis on the Indo-Pacific and China.

Hegseth has pledged to cut the general officer corps by 20 percent and has already dismissed roughly two dozen senior officers. Reports also suggest he intends to use the meeting to stress his ‘warrior ethos,’ which defense sources suggest could be a way to remind commanders of their duty to remain apolitical, and reassert his personal authority over the force.

Last week, Trump signed an executive order directing law enforcement and the military to counter ‘domestic terrorism and organized political violence.’ On Sunday, at Trump’s direction, Hegseth informed the adjutant general of the Oregon National Guard that 200 troops would be deployed for 60 days to protect immigration enforcement officials facing protests. The federalized Guard members will serve under U.S. Northern Command.

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Top Democrats are striking two very different notes on accountability: cheering President Donald Trump‘s felony conviction as proof that ‘no one is above the law,’ while blasting the recent indictment of former FBI Director James Comey as pure political payback.

In 2019, then-Speaker of the House Nancy Pelosi said during a discussion at the Commonwealth Club in San Francisco that Democrats believe ‘no one is above the law,’ including the commander-in-chief. 

‘Everybody wants the president to be held accountable in the most serious way. And everybody believes, now I’m talking on the Democratic side, that no one is above the law, especially the President of the United States,’ Pelosi said.

Former President Joe Biden reiterated the ‘no one is above the law’ mantra before his White House remarks on the Middle East on May 31, 2024.

He said the New York case against Trump was ‘a state case, not a federal case,’ decided by ‘a jury of 12 citizens’ after five weeks of evidence and deliberation. 

The jury, Biden noted, ‘reached a unanimous verdict’ finding Trump guilty on 34 felony counts, while emphasizing that Trump has the right to appeal.

‘That’s how the American system of justice works,’ Biden said, calling it ‘reckless, dangerous, and irresponsible’ to claim the trial was rigged simply because of an unfavorable outcome.

Senate Minority Leader Chuck Schumer, D-N.Y., addressed Trump’s conviction in a June 3, 2024, floor speech saying that ‘former President Donald Trump is now a convicted felon.’

‘The most important takeaway from this case is that nobody’s above the law, including Donald Trump,’ he added.

On the heels of Comey’s indictment, Schumer said Sunday that he has ‘no faith in Trump’s judicial system.’

Schumer said on NBC News’ ‘Meet the Press’ that Trump ‘has turned this judicial system to be his own political fighter.’

‘He tells them to go after people he doesn’t like. He tells them to exonerate people that he likes,’ Schumer said.

Sen. Tim Kaine, D-Va., denounced what he called a ‘malicious prosecution,’ reminding reporters that Trump previously fired a prosecutor who refused to bring ‘frivolous charges.’

Sen. Mark Warner, D-Va., vice chair of the Senate Intelligence Committee, issued an even sharper rebuke. 

‘This kind of interference is a dangerous abuse of power,’ he warned. ‘By ousting a respected, independent prosecutor and replacing him with a partisan loyalist, Trump is undermining one of the most important U.S. attorney’s offices in the country and eroding the rule of law itself.’

As Democrats leaned on the ‘no one is above the law’ refrain, Trump struck back — telling reporters Friday at the White House that the indictment against the former FBI chief was about rooting out corruption, not political payback.

‘It’s about justice really, it’s not revenge,’ Trump said. ‘It’s also about the fact that you can’t let this go on. They are sick, radical left people, and they can’t get away with it, and Comey was one of the people.’

‘He wasn’t the biggest, but he’s a dirty cop,’ Trump said, adding, ‘He’s always been a dirty cop. Everybody knew it.’

Trump’s comments came after Comey was indicted by a grand jury for allegedly lying to Congress and obstructing a congressional proceeding. He was indicted on two counts: alleged false statements within the jurisdiction of the legislative branch and obstruction of a congressional proceeding.

Comey’s arraignment is set for 10 a.m. on Oct. 9 before District Judge Michael S. Nachmanoff. If convicted, Comey faces up to five years in prison.

Fox News Digital’s Michael Dorgan and Emma Bussey contributed to this report.

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(TheNewswire)

Element79 Gold Corp.

Vancouver, British Columbia TheNewswire – September 29, 2025 – Element79 Gold Corp. (CSE: ELEM,OTC:ELMGF) (FSE: 7YS0) (OTC: ELMGF) (the ‘Company’ or ‘Element79’) announces its attendance at the Munich Rohstoffmesse (Raw Materials Conference), taking place at the Munich Small Olympic Hall from October 3rd-4th, 2025.

The confirmed investment audience – more than 1,500 participants are expected – includes private investors, fund and asset managers, family offices, and institutional investors from across Europe.

Registration for the Munich Commodity Fair is free for investors; tickets can be requested online at https://www.rohstoffmesse-muenchen.de/ . The conference will bring together more than 100 companies and renowned speakers from the European market, including Dirk Müller, Jochen Staiger, Florian Grummes, and Professor Dr. Torsten Dennin.

Element79 Gold Corp CEO Michael Smith discussed: ‘We have had a presence in the European market for several years, and we see active trading on both our FSE ticker, 7YS0, as well as a significant amount of daily trading volumes on our CSE ticker, ELEM, come from Alternate Trading Systems, which reflect trading on international exchanges.  I’m excited to share the evolving story at Element79 Gold Corp with the European community and this is a great venue for us to do that!’

About Element79 Gold Corp.

Element79 Gold Corp is a mining company focused on the exploration and development of its portfolio of high-potential gold projects. The Company’s main focus is its Nevada portfolio, anchored by the Gold Mountain and Elephant Projects, both located in the world-class Battle Mountain Trend. In addition, Element79 continues to advance its high-grade Lucero Project in southern Peru, positioning the Company for long-term exploration growth.

For more information about the Company, please visit www.element79.gold or contact:

For corporate matters and investor relations inquiries, please contact:
Mike Smith, Chief Executive Officer
E-mail: investors@element79.gold
Phone: +1.855.5ELEM79 (535-3679)

Cautionary Note Regarding Forward-Looking Statements

This press release contains ‘forward-looking information’ and ‘forward-looking statements’ under applicable securities laws. These statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially. Investors are cautioned not to place undue reliance on forward-looking statements. Neither the Canadian Securities Exchange nor the Market Regulator accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets.

Trump also said he would start charging a 30% tariff on upholstered furniture next week.

He said the new heavy-duty truck tariffs were to protect manufacturers from “unfair outside competition” and said the move would benefit companies such as Paccar-owned PCAR.O Peterbilt and Kenworth and Daimler Truck-owned DTGGe.DE Freightliner.

Trump has launched numerous national security probes into potential new tariffs on a wide variety of products.

He said the new tariffs on kitchen, bathroom and some furniture were because of huge levels of imports that were hurting local manufacturers.

“The reason for this is the large-scale ‘FLOODING’ of these products into the United States by other outside Countries,” Trump said, citing national security concerns about U.S. manufacturing.

The U.S. Chamber of Commerce urged the department not to impose new tariffs, noting the top five import sources are Mexico, Canada, Japan, Germany and Finland “all of which are allies or close partners of the United States posing no threat to U.S. national security.”

Mexico is the largest exporter of medium- and heavy-duty trucks to the United States. A study released in January said imports of those larger vehicles from Mexico have tripled since 2019.

Higher tariffs on commercial vehicles could put pressure on transportation costs just as Trump has vowed to reduce inflation, especially on consumer goods such as groceries.

Tariffs could also affect Chrysler-parent Stellantis STLAM.MI, which produces heavy-duty Ram trucks and commercial vans in Mexico. Sweden’s Volvo Group VOLVb.ST is building a $700 million heavy-truck factory in Monterrey, Mexico, set to start operations in 2026.

Mexico is home to 14 manufacturers and assemblers of buses, trucks, and tractor trucks, and two manufacturers of engines, according to the U.S. International Trade Administration.

The country is also the leading global exporter of tractor trucks, 95% of which are destined for the United States.

“We need our Truckers to be financially healthy and strong, for many reasons, but above all else, for National Security purposes!” Trump added.

Mexico opposed new tariffs, telling the Commerce Department in May that all Mexican trucks exported to the United States have on average 50% U.S. content, including diesel engines.

Last year, the United States imported almost $128 billion in heavy vehicle parts from Mexico, accounting for approximately 28% of total U.S. imports, Mexico said.

The Japanese Automobile Manufacturers Association also opposed new tariffs, saying Japanese companies have cut exports to the United States as they have boosted U.S. production of medium- and heavy-duty trucks.

This post appeared first on NBC NEWS

The clock is ticking to fund government, and so far, lawmakers do not have a path forward to avert a partial shutdown.

The Senate returned to Washington, D.C., on Monday, and congressional leaders are slated to meet with President Donald Trump to negotiate a deal on funding the government. But the last week has seen both sides point the finger at who would own closing the government.

Lawmakers have until midnight Wednesday to pass a short-term funding extension, or else the government will close. And if it does, it would be the third shutdown under Trump.

A government shutdown happens when Congress can neither pass all 12 appropriations bills needed to fund the government, nor pass a continuing resolution (CR), which typically keeps funding levels static while lawmakers hustle to finish their work on spending bills.

Since 1980, there have been 10 government shutdowns. Only three have happened since the turn of the century.

All shutdowns are different, and the impending shutdown is no exception. However, it could have more devastating effects on the federal workforce than previous shutdowns given the administration’s orders to undertake mass firings.

Programs like Medicare, Social Security and Medicaid will continue, along with the Postal Service, Veterans’ Affairs hospitals and clinics, and Immigration and Border Patrol security activities, among others. Federal employees will likely go without pay, however, and a string of agencies will see their services hampered by furloughs, like the IRS and Small Business Administration. Housing programs may also see a delay in rental assistance and loans.  

Typically, shutdowns see thousands of federal workers deemed ‘nonessential’ furloughed, but the Office of Management and Budget (OMB) released a memo last week that directed agencies to ‘use this opportunity to consider reduction in force (RIF) notices for all employees’ in programs that have no other available funding source and that don’t comport with Trump’s priorities if lawmakers couldn’t fund the government.

‘RIF notices will be in addition to any furlough notices provided due to the lapse in appropriation,’ the memo read, and they will be issued ‘regardless of whether the employee is excepted or furloughed during the lapse in appropriations.’

Then there is the cost of a shutdown. While the cost of a partial closure this year is unknown, the Congressional Budget Office did an analysis of the cost of the last time the government shuttered in 2019.

The report, published in January 2019, found that the shutdown saw roughly $18 billion in federal spending delayed, which led to a dip in that year’s first quarter gross domestic product of $8 billion. The report noted roughly $3 billion of that would not be recovered.

It also found that federal workers who received delayed payments and private businesses were the hardest hit.

‘Some of those private-sector entities will never recoup that lost income,’ the report stated.

Congressional Republicans and Democrats are at a stalemate on the current CR, not so much because of what’s in the bill — it would keep the government open until Nov. 21 and includes tens of millions in new spending for lawmakers’ security — but because of what it lacks.

Democratic lawmakers demanded that the short-term extension at least include an extension to expiring Obamacare premium subsidies and have warned that if Congress doesn’t act, millions of Americans will see their health care costs increase.

While the subsidies don’t expire until the end of the year, congressional Democrats have noted that insurers are gearing up to send out new rates on Oct. 1.

But Senate Republicans, including Senate Majority Leader John Thune, R-S.D., have said that conversations about the subsidies can happen after the government is funded, but that has so far not been enough for Senate Minority Leader Chuck Schumer, D-N.Y., and Senate 
Democrats.

‘Fundamentally, nothing has changed, though, and the choice remains the same: Democrats can either vote for a clean, short-term, nonpartisan CR that prioritizes the American people, or they can choose a completely avoidable shutdown that prioritizes politics above all else,’ Thune told NBC’s ‘Meet the Press.’

Both Thune and Schumer, along with House Speaker Mike Johnson, R-La., and House Minority Leader Hakeem Jeffries, D-N.Y., will meet with Trump Monday afternoon. The confab comes after Trump canceled a meeting with the Democratic leaders earlier this week.

Schumer and Jeffries said in a joint statement after a new meeting was set that ‘Democrats will meet anywhere, at any time and with anyone to negotiate a bipartisan spending agreement that meets the needs of the American people.’

‘We are resolute in our determination to avoid a government shutdown and address the Republican health care crisis,’ they said. ‘Time is running out.’ 

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Brunswick Exploration Inc. ( TSX-V: BRW OTCQB: BRWXF ; FRANKFURT:1XQ ; ‘ BRW ‘ or the ‘ Company ‘) is pleased to announce that it has confirmed a historical spodumene pegmatite and discovered a second one at its Paamiut project in Greenland. Brunswick Exploration now has two projects with confirmed lithium showings in Greenland and is the only company actively looking for lithium in Greenland.

Mr. Killian Charles, President and CEO of BRW, commented: ‘Following the expansive new discoveries at our Nuuk Project, this new Paamiut discovery is a great complement to our unique Greenland portfolio. These additional lithium-bearing pegmatites highlight the team’s ability to identify and make new grassroots discoveries. We are evaluating next steps at Paamiut and have already begun planning for a maiden drill program at Nuuk. All of BRW’s Greenland discoveries are in proximity to fjord infrastructure, and with ties to Europe, we are very excited to continue our efforts in Greenland. Combined with an active drill program at its Anatacau Main project and a forthcoming resource estimate at the Mirage project, both in Quebec, BRW is among the most aggressive lithium exploration globally.’

Paamiut Confirmation and Discovery

BRW has confirmed a historical spodumene-bearing pegmatite and discovered a second dyke at the Company’s Paamiut Project. The discoveries are approximately 26 kilometers from Paamiut, a coastal community located about 260 kilometers south of Nuuk in Western Greenland. The dykes are hosted within a large shear zone and are found within a roughly 10-kilometer by 2-kilometer greenstone belt (see news release dated February 18th, 2025 ).

The spodumene pegmatites are roughly 3-6 meters wide, 40-60 meters long, and are spaced approximately 10 meters apart from one another. Lithium mineralization is primarily spodumene, which varies from 5-30%, containing pale green crystals ranging from 1 to 10 centimeters in size. The Company believes that there is potential to host additional spodumene pegmatites within the greenstone belt. Spodumene mineralization was confirmed by both pXRF and LIBS units. Grab samples were sent for analysis to ALS in Dublin, Ireland, and thin section samples will be prepared for further mineralogical studies.

Greenland Portfolio Update

During the summer campaign, the team completed first-pass prospecting on all western Greenland Licences while advancing both Nuuk and Paamiut. Due to continued exploration successes at Nuuk and Paamiut, additional time was not available to conduct first-pass prospecting at the Hinksland License located in Eastern Greenland. However, the team is already planning the next opportune time to evaluate that Licence. Additional spodumene discoveries were not identified outside of the Nuuk and Paamiut areas at this time.

Corporate Update

BRW also wishes to announce that Mr. Mathieu Savard has resigned as a director of the Company in order to focus all of his time and attention on his role as Chief Executive Officer and President of Vior Inc. On behalf of the board and shareholders, Brunswick Exploration would like to thank Mathieu for his contributions to the Company over the years.

Figure 1: Paamiut pXRF Data

Paamiut pXRF Data

Figure 2: Paamiut Spodumene Pegmatite – Looking West

Paamiut Spodumene Pegmatite – Looking West

Figure 3: Spodumene Crystals – Paamiut

Spodumene Crystals - Paamiut

Qualified Person

The scientific and technical information related to this press release has been reviewed and approved by Mr. Charles Kodors, Manager, International Projects. He is a Professional Geologist registered in New Brunswick, Newfoundland and Quebec.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing one of the extensive grassroots lithium property portfolios in Canada and Greenland including the Mirage Project.

Investor Relations/information

Mr. Killian Charles, President and CEO ( info@BRWexplo.com )

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

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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 news release.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7e80816e-c400-4d36-af7d-1e9d394fdc48

https://www.globenewswire.com/NewsRoom/AttachmentNg/da90ba91-e674-4c27-82ed-063698551458

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Blue Sky Uranium Corp. logo (CNW Group/Blue Sky Uranium Corp.)

Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ‘Blue Sky’ or the ‘Company’) is pleased to announce that Ivana Minerales S.A. (‘ IMSA ‘, a partnership with a subsidiary of Corporacion America Group ‘ COAM ‘) has commenced the first exploration program on targets surrounding the Ivana deposit. Pursuant to the Earn-In Agreement, IMSA has the exclusive right and option (the ‘ Call Option ‘) to acquire a 100% interest in all or part of certain exploration targets at the Amarillo Grande Project (the ‘ Call Option Targets ‘) (see press release dated February 27, 2025 ). The program started with a pole-dipole electrical tomography survey at the Ivana Gap target to delineate potential drill targets in the area immediately north of the Ivana Deposit (see Figure 1 ).

In addition to this exploration initiative, the Company also reports that IMSA has completed the previously announced infill drilling program at the Ivana Deposit, marking a key milestone towards completing a prefeasibility study (‘ PFS ‘). The infill program included 4,959 metres of drilling across 328 holes, bringing the total drilling at the deposit to 15,839 metres of drilling across 1,166 holes (see Figure 2 ). The objective of the program is to provide data to update and upgrade the current mineral resource categories, which presently are comprised of approximately 80% indicated resources (see press release dated February 22, 2024 ).

Nikolaos Cacos , Blue Sky President & CEO commented, ‘These complimentary programs contribute to Blue Sky’s strategic objectives of advancing the many high-quality exploration targets into economic uranium deposits at the district scale Amarillo Grande Project, with Ivana potentially providing the initial production and a central processing facility.’

Concurrent with the above programs, IMSA has initiated a comprehensive Gap Analysis, a key step in transitioning the Ivana Project from an exploration-stage asset into a development-stage project. The analysis, which is expected to take between four and six weeks, is designed to identify all the additional studies, engineering work, and permitting requirements needed to support both a pre-feasibility study and, ultimately, a definitive feasibility study (‘ DFS ‘). Beyond identifying any missing elements, the Gap Analysis will provide a structured roadmap with clear sequencing of tasks, indicative timelines, and an initial framework for estimating project-wide capital and operating costs.

Program Details

Call Option Targets Exploration

This program began with a 5 line-kilometre pole-dipole electrical tomography (‘ ET ‘) survey to delineate new targets for drilling at the Ivana Gap target. The program aims to follow the southern extension of mineralization at the Ivana Central target ( Figure 1 ) where previous drilling identified a +2.4km long and +1km wide NNW-SSE corridor situated between 40m and 60m depth, open to the north and south. This corridor returned elevated silver-cobalt-copper-uranium-tungsten, including 0.35m @ 2,880ppm Ag (see press release dated May 24, 2023 ).

This geophysical method was successfully employed at the Ivana deposit, aiding in drill targeting that led to the discovery. The ET survey is useful for detecting potential buried zones with high porosity and the presence of a reduction zone where organic matter and/or pyrite/sulphide minerals have potentially trapped uranium mineralization.

The geophysical survey is expected to be concluded within 10 days, followed by approximately one week of data processing. Based on the ET results, the Company will define the extent of the planned diamond drilling program at the Ivana Gap target and the precise collar locations for the drill holes.

Ivana Deposit Infill Drilling Program

The completed RC drilling program included 328 holes, averaging 15 metres in depth, and totaling 4,959 metres of drilling. The program was carried out by Patagonia Drilling using a FlexiROC D65 drill rig from Atlas Copco, an ore-control track-mounted rig adapted to reverse circulation with triple cyclone to reduce dust loss during sampling and automatic sampling.

The program included grid drilling within the mineralized areas for better geological understanding and improved confidence, as well as drilling at the borders of the deposit model for better delineation of its extents. In addition, drilling also tested a crucial area near the core of the deposit, proximal to some of the highest uranium grades, where poor soil conditions had previously restricted access. The Ivana deposit now has a total of 15,839 metres of RC drilling in 1,166 holes spaced at approximately 75m x 75m within the boundaries of the modelled deposit.

A total of 5,443 samples were sent to ALS Argentina for preparation and sent to ALS Peru for analysis of multi-elements ultra-trace method combining four acid digestion with Inductively Coupled Plasma (‘ ICP ‘) instrumentation. The program included 322 blanks, fine and coarse blank samples, 162 duplicates from original samples and 92 certified standards, which were inserted into the sample sequence for quality assurance/quality control (‘ QA/QC ‘) purposes.

Ivana Deposit Gap Analysis

The scope of the Gap Analysis is extensive. It will assess metallurgy, mine design, process engineering, infrastructure, environmental and social considerations, water management, and permitting strategies. M3 Engineering and Technology Corporation is leading the process and is responsible for overall coordination, as well as reviewing metallurgical test work, process flowsheets, non-mining engineering activities, infrastructure requirements, and preparation of the final report. SRK Consulting is tasked with mine planning, reserve estimation, geotechnical studies, and the design and review of the tailings storage facility. Hidroar S.A. is reviewing all requirements related to the environmental impact assessment, with a particular focus on strategies for groundwater management, permitting compliance, and environmental baseline studies. Lionsgate Geological Consulting Inc. will review the mineral resource estimate. Meanwhile, Blue Sky’s internal team provides geological oversight, integrating exploration data, and managing general project coordination.

The Gap Analysis is not only a technical exercise but also a strategic step that will allow Ivana Minerales to evaluate project risks, define critical path activities, and prioritize expenditures. The outcome will be a comprehensive plan positioning the Ivana Project for advancement into pre-feasibility with a clear understanding of both the opportunities and challenges ahead.

Qualified Persons

The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi , CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.

About Ivana Minerales S.A.

Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina . The activities of JVCO are subject to the earn-in transaction (the ‘ Agreement ‘) in which COAM will fund cumulative expenditures of US$35 million to acquire a 49.9% indirect equity interest in the Ivana deposit, and then has the further right to earn up to an 80% equity interest in JVCO by completion of a feasibility study and funding the costs and expenditures up to US$160,000,000 to develop and construct the project to commercial production, subject to the terms and conditions in the Agreement. JVCO also has a Call Option to acquire a 100% interest in all or part of certain exploration targets owned by Blue Sky’s 100% held subsidiary, subject to certain conditions. For additional details, please refer to the News Release dated February 27, 2025 , as well as the Company’s latest Financial Statements & MD&A available at blueskyuranium.com .

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina . The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier.  The Company’s recently optioned Corcovo project has potential to host an in-situ recovery (‘ ISR ‘) uranium deposit. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’
______________________________________
Nikolaos Cacos , President, CEO and Director

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

This news release may contain forward-looking statements and forward-looking information (collectively, the ‘forward-looking statements’) within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company’s planned drilling campaigns, its objectives and the potential mineral content of its projects. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the Company on key management personnel and outside parties; the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, including in respect of the Company’s planned exploration program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

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SOURCE Blue Sky Uranium Corp.

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