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Torchlight Innovations Inc. Announces Name Change to RZOLV Technologies Inc

Torchlight Innovations Inc. (TSXV: RZL) (the ‘Company’), is pleased to announce that the Company has changed its name from ‘Torchlight Innovations Inc.’ to ‘Rzolv Technologies Inc.’ (the ‘Name Change’). The Name Change was approved by the Company’s board of directors on November 3, 2025. The Company’s common shares (the ‘Common Shares’) will commence trading under its new name on the TSX Venture Exchange (the ‘TSXV’) at market open on November 12, 2025 (the ‘Effective Date’).

In connection with the Name Change, the following new CUSIP (76091C103) and ISIN (CA76091C1032) numbers have been assigned to the Common Shares. No action is required to be taken by shareholders with respect to the name change. Outstanding common share and warrant certificates bearing the old name of the Company are still valid and are not affected by the Name Change.

About Rzolv Technologies Inc.

Rzolv Technologies Inc. is a clean-tech company with an innovative technology that aims to transform the gold mining industry. The Company has developed RZOLV, a proprietary, non-toxic hydrometallurgical formula for gold extraction. The formula offers a sustainable, safe, and water-based alternative to cyanide.

While cyanide has been the industry standard for over a century, its toxic nature has led to bans in several countries and costly permitting challenges for mining companies. RZOLV offers similar cost and performance metrics as cyanide, but with a non-toxic, reusable and sustainable profile. The Company is currently focused on validating its technology through a 100-tonne industrial test, after which full commercialization efforts will begin.

Rzolv Technologies Inc. has safeguarded RZOLV by filing an international patent and possessing a robust portfolio of trade secrets, facility security, chemical obfuscation, and stringent employment confidentiality agreements ensuring long-term competitive advantages. The intellectual property framework includes protection for its chemical formulation, regeneration processes, and specific applications in heap leaching, vat leaching, and concentrate processing.

Cautionary Note

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

For further information, please contact: 

Duane Nelson
Email: duane@rzolv.com
Phone: 604-512-8118

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, among others, statements relating to the Effective Date that the Common Shares will commence trading under the Company’s new name on the TSXV.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Common Shares will not commence trading under Company’s new name on the TSXV on the Effective Date.

The forward-looking information in this news release is based on management’s reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the Common Shares will commence trading under the Company’s new name on the TSXV on the Effective Date.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273830

News Provided by Newsfile via QuoteMedia

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Laguna Verde Resource Increase Based on Recent Licence Acquisition

CleanTech Lithium PLC (‘CleanTech Lithium’ or ‘CleanTech’ or the ‘Company’) (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, announces an updated resource estimate for its Laguna Verde project following the recent acquisition of additional licences at the project. Laguna Verde is one of the six salars selected by the Chilean Government to be prioritised for development by private companies.

Highlights:

  • The mineral resource estimate is updated from that reported on 20 Jan 2025, based on the recent acquisition of additional licences at the project, as reported to the market on 11 Aug 2025
  • The updated total resource is 1.9 million tonnes of Lithium Carbonate Equivalent (LCE), at a grade of 174 mg/L lithium, a 17% increase from the previous total resource of 1.63 million tonnes of LCE
  • 0.84 million tonnes of LCE is in the Measured + Indicated category at a grade of 178 mg/L lithium
  • The additional licences were acquired to meet the Government’s licence area requirement for entering the streamlined process for a Special Lithium Operating Contract (CEOL)
  • The Chilean government is finalising the indigenous community consultations for Laguna Verde and it is expected that the streamlined process will be announced shortly afterwards
  • The JORC (2012) compliant estimate was calculated by Montgomery & Associates (‘Montgomery´’ or ‘M&A’), a leading hydrogeological consultant highly experienced in lithium brine resource estimation
  • The resource estimate is based on three years of annual exploration programmes completed by CTL from 2022 – 2024 including drill progammes, pump test programmes and geophysics surveys
  • Montgomery recommends three additional drillholes in the southwest, north and northeast to potentially increase the resource

Ignacio Mehech, Chief Executive Officer, CleanTech Lithium said: ‘The updated JORC-compliant resource estimate for the Laguna Verde project, independently determined by Montgomery & Associates, confirms a robust and significant resource of 1.9 million tonnes of Lithium Carbonate Equivalent (LCE) at an average grade of 174 mg/l lithium, with 0.84 million tonnes in the Measured and Indicated category. The resource estimate is an important element of the project´s Pre-Feasibility Study which is advancing to completion. This positions Laguna Verde as a leading direct lithium extraction (DLE) based project in Chile’s lithium sector and as a future producer for the global EV and battery market.’

Further Details:

Background to Updated Resource Estimate

The previous total resource estimate declared for Laguna Verde of 1.63 million tonnes LCE was based on the CEOL polygon proposed by the Company. Of this total resource estimate, 1.21 million tonnes LCE was based on the Company´s preferential licence area within that polygon, and 0.42 million tonnes LCE was classified as provisional based on the total proposed CEOL area. In August 2025 the Company acquired an additional 30 licences from Minergy Chile SpA, with the primary objective of increasing the preferential licence position within the Government defined CEOL polygon as shown Figures 1 and 2. The acquisition increased the Company´s preferential licence position within the Government’s defined polygon to 97.6% of the area, exceeding a threshold of 80% required by the Government for consideration to enter a streamlined CEOL process for Laguna Verde. The updated resource estimate of 1.9 million tonnes LCE is based on the enlarged preferential licence area in Figure 2.

Fig 1: Previous Preferential Licence Extent & Govt. CEOL Polygon

A map of a mountain range AI-generated content may be incorrect.

Fig. 2: Post Acquisition Preferential Licence Extent

The resource estimate is based on annual exploration programmes completed by the Company between 2022 – 2024, in which rotary and diamond drill programmes were completed as shown in Figure 3. Additional observation wells were drilled to support observations during pump tests. Three additional diamond drillholes in the southwest, north, and northeast are recommended to potentially further expand the resource volume (LV08, LV09, and LV10).

Fig 3: Existing and Recommended Exploration Wells at Laguna Verde

Resource Summary

The technical report has been prepared by Montgomery to conform to the regulatory requirements of the JORC Code (2012). Mineral Resources are also reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines (CIM, 2012). The breakdown of the resource categories comprising the total resource is provided in Table 1 below.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. Furthermore, not all mineral resources can be converted into mineral reserves after application of the modifying factors, which include but are not limited to mining, processing, economic, and environmental factors.

Click here for the full release

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Perpetua Resources Secures US$255 Million Investment to Advance Idaho Project

Perpetua Resources (TSX:PPTA,NASDAQ:PPTA) announced a US$255 million strategic equity investment from Agnico Eagle Mines (TSX:AEM,NYSE:AEM) and JPMorganChase to accelerate development of its Stibnite gold project in central Idaho.

Under the private placement, Agnico Eagle will invest US$180 million in Perpetua common shares and receive warrants to purchase up to 2,861,229 additional shares at 35, 50, and 65 percent premiums over the next one, two, and three years respectively.

The Canadian gold producer will also collaborate with Perpetua to form a joint technical and exploration advisory committee, leveraging its decades of mining experience to support the project’s development.

“The Stibnite gold project is an excellent opportunity in a premier mining jurisdiction,” said Ammar Al-Joundi, President and CEO of Agnico Eagle. “Our investment in Perpetua aligns with Agnico Eagle’s commitment to disciplined and strategic investments through emerging and high-quality opportunities and provides measured exposure to one of the highest-grade open-pit gold deposits in the United States, with significant exploration upside.”

Meanwhile, JPMorganChase will contribute US$75 million through its US$1.5 trillion Security and Resiliency Initiative, a 10-year effort aimed at financing industries critical to US economic security and resiliency. This marks the initiative’s inaugural investment.

The bank will also acquire 3,218,884 common shares and receive warrants to purchase additional shares under the same pricing schedule as Agnico Eagle, bringing its potential stake to 2.7 percent of the company.

“Investments from two leading, world-class institutions strengthens our capital position, reduces financing risk, and accelerates the development of one of the nation’s most strategic resource projects,” said Jon Cherry, President and CEO of Perpetua Resources

Perpetua plans to use the proceeds, along with existing cash and anticipated project financing of up to US$2 billion from the Export-Import Bank of the United States, to fund the projects’s further development and exploration.

The company broke ground on Stibnite just days before announcing the investment. The Stibnite project is positioned as one of the highest-grade gold operations in the US, while also producing antimony, a critical mineral with industrial and defense applications.

The project aims to restore portions of a previously abandoned mine while also addressing historical environmental impacts.

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

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Lunar Mining Set to Favor Established Miners Over Startups, Analysts Say

As humanity edges closer to mining the moon, industry analysts warn that established mining companies, not venture-backed space startups, may dominate the emerging lunar resource sector.

The space mining market, projected to reach US$20 billion by 2035, has attracted significant attention from venture capital and government programs, including NASA’s Artemis initiative.

Permanent lunar operations aim to target resources such as water ice in shadowed craters, regolith for construction, and helium-3 for potential fusion applications.

However, while multiple commercial landers reached the moon in 2025, profitable extraction remains a challenge.

Stirling Forbes, CEO of Forbes-Space, a consultancy advising both space ventures and industrial firms, noted that startups face steep obstacles.

“Space startups excel at getting there. But once you land, the hard part is mining — and that’s where most space companies have zero experience,” he said in a recent article.

Forbes emphasized that deploying and operating the necessary mining equipment requires tens of millions in upfront investment, with years before returns can materialize—conditions under which traditional mining companies thrive, but venture capital often cannot.

Large-scale miners already possess capabilities directly applicable to extraterrestrial operations. Mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO,OTC:RTPPF), for example, runs autonomous 200-ton haul trucks in Western Australia’s Pilbara region from 1,500 kilometers away, supported by AI-driven drill systems and robotic material handling.

Such operations mirror the challenges lunar mining will present, including remote management, automated extraction, and processing in harsh conditions.

Analysts also point to logistical advantages of the moon over asteroids. The moon is just three days away from Earth, which allows for quicker responses to equipment failures, while near-Earth asteroids require months-long missions.

Additionally, NASA and international partners are actively building power systems, communications networks, and landing infrastructure on the moon, whereas asteroid operations would require establishing everything from scratch.

Lunar resources, such as water ice, also have immediate customers in space programs, converting directly into rocket propellant for Mars and deep-space missions.

For investors and space companies, Forbes advises focusing on partnerships rather than attempting to independently master both space operations and industrial-scale mining.

Traditional mining firms are moving quickly to secure positions in the sector, and early collaborations could define the rules and regulations for decades to come.

“The space mining revolution is coming, but it won’t look like the investment community expects. It will be led by companies that understand both space above and the ground beneath our feet,” he emphasized.

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

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Crypto Market Update: Crypto Outflows Hit US$1.3 Billion for Second Week

Here’s a quick recap of the crypto landscape for Monday (November 10) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$105.995, a 3.7 percent increase in 24 hours. Its highest valuation of the day so far was US$$106,491, while its lowest was US$102,061.

Bitcoin price performance, November 10, 2025.

Bitcoin price performance, November 10, 2025.

Chart via TradingView

After a weekend that saw Bitcoin briefly dip below US$100,000 and retest a US$99k support zone, the market staged a modest rebound on Monday (November 10) with BTC trading around the mid-$100k range, signaling short-term resilience after October’s steep correction.

At the same time, demand through spot Bitcoin ETFs has been uneven. The week into Friday saw multi-day outflows and a recent climb in redemptions that reversing a brief stretch of inflows. Those ETF redemptions act mechanically to create sell pressure at the margin and were a key amplifier of October’s deleveraging.

Meanwhile, macro conditions continues to matter. The US government shutdown has delayed key economic data, including the jobs report, though independent estimates peg the monthly unemployment rate at around 4.4 percent. With limited official data and a still-tight labor market, traders remain focused on how these factors could influence liquidity and interest rates.

Adding to the week’s early developments, market commentator Axel Adler Jr. took note President Trump’s announcement on Truth Social of a US$2,000 direct-payment program for most Americans, funded by tariff revenues and estimated to cost between US$300 billion and US$500 billion.

Adler suggested that if some recipients channel these funds into crypto, retail demand for Bitcoin could strengthen, echoing the buying patterns seen during prior stimulus rounds and potentially positioning retail investors as the next catalyst for Bitcoin’s recovery.

Ether (ETH) was priced at US$3,592.47, a 4.1 percent increase in 24 hours. Its highest valuation of the day was US$3,647.92, while its lowest was US$3,441.75.

Altcoin price update

  • Solana (SOL) was priced at US$166.61, up by 5.3 percent over the last 24 hours. Its highest valuation of the day was US$169.36, while its lowest was US$159.11.
  • XRP was trading for US$2.49, up by 11.3 percent over the last 24 hours. Its highest valuation of the day was US$2.56, while its lowest was US$2.27.

Today’s crypto news to know

Crypto funds face US$1.3 billion in weekly outflows

Digital asset funds logged another week of heavy redemptions, with over US$1.3 billion flowing out of crypto investment products.

The decline marks the second straight week of billion-dollar losses as investors remain cautious after a record 40-day US government shutdown and the absence of key economic data.

Bitcoin products led the retreat with US$932 million in outflows, followed by Ethereum’s US$438 million, signaling widespread risk-off sentiment. Meanwhile, short Bitcoin funds recorded their largest inflows since May, hinting that some traders expect further downside before a rebound.

Nasdaq, Cboe, CME to offer spot, leveraged crypto trading

The Commodity Futures Trading Commission (CFTC) is preparing to authorize leveraged spot trading for Bitcoin and Ethereum across several regulated U.S. exchanges, marking a major step toward integrating crypto with mainstream markets.

Acting Chair Caroline Pham confirmed on X that the agency is in talks with CME Group, Cboe, Nasdaq, ICE Futures, Coinbase Derivatives, Kalshi, and Polymarket to roll out the new trading framework.

The plan would place all leveraged crypto transactions under the Commodity Exchange Act, requiring execution through a Designated Contract Market, which is the same system governing commodities futures.

Analysts expect the move to draw global trading volume away from offshore exchanges like Binance and Bybit, which have long dominated the leveraged space.

Japan’s FSA move to license crypto custodians

Japan’s Financial Services Agency (FSA) is drafting new registration rules for third-party custody and trading service providers following last year’s DMM Bitcoin hack, which exposed more than 48 billion yen (US$312 million) in losses.

Under the proposal, all custodians and external system operators would need to register with regulators before servicing licensed exchanges. The plan also mandates that exchanges use only FSA-approved partners to minimize operational risks.

Currently, Japan’s crypto framework requires exchanges to segregate and cold-store user funds but imposes no oversight on outsourced management systems—a loophole exploited in the DMM breach.

The attack was traced to Ginco, a Tokyo-based software firm that managed DMM’s trading infrastructure.

Most members of the Financial System Council’s working group have backed the proposal, which is expected to be submitted to the Diet in the 2026 legislative session.

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

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

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Reagan-appointed federal judge resigns to speak out against Trump’s ‘assault on the rule of law’

A federal judge appointed by former President Ronald Reagan announced in an op-ed published Sunday that he resigned from his position, relinquishing his lifetime appointment to speak out against President Donald Trump, whom he views as eroding judicial independence and using the law to reward allies and punish opponents.

Mark Wolf, who was appointed by Reagan in 1985, said in The Atlantic that he had looked forward to serving on the bench for the rest of his life but felt compelled to resign.

‘My reason is simple: I no longer can bear to be restrained by what judges can say publicly or do outside the courtroom. President Donald Trump is using the law for partisan purposes, targeting his adversaries while sparing his friends and donors from investigation, prosecution, and possible punishment,’ he wrote.

‘This is contrary to everything that I have stood for in my more than 50 years in the Department of Justice and on the bench. The White House’s assault on the rule of law is so deeply disturbing to me that I feel compelled to speak out. Silence, for me, is now intolerable.’

The former federal judge on the U.S. District Court for the District of Massachusetts said he began his career in public service at the Department of Justice in 1974, several years after the Watergate scandal.

Wolf served under former President Gerald Ford’s Attorney General Edward Levi, who he argued helped shape his views on what it means to uphold the rule of law and to seek justice in a nonpartisan way.

‘I decided all of my cases based on the facts and the law, without regard to politics, popularity, or my personal preferences. That is how justice is supposed to be administered—equally for everyone, without fear or favor. This is the opposite of what is happening now,’ he wrote.

Wolf’s successor was selected and nominated after he became a senior judge in 2013, and the seat was officially filled by Judge Indira Talwani in 2014.

‘I hope to be a spokesperson for embattled judges who, consistent with the code of conduct, feel they cannot speak candidly to the American people,’ he told The New York Times.

‘Life, Law & Liberty’: Former Supreme Court Justice Anthony Kennedy pens memoir

White House deputy press secretary Abigail Jackson told the Times that judges who look to ‘inject their own personal agenda into the law have no place on the bench.’ 

‘Any other radical judges that want to complain to the press should at least have the decency to resign before doing so,’ she said.

The White House did not immediately respond to Fox News Digital’s request for comment.

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Mike Johnson speaks out after Senate breakthrough on government shutdown

Speaker Mike Johnson, R-La., is glad the Senate finally managed to break through its weeks-long standoff on the government shutdown, he told Fox News Digital on Monday morning.

‘It’s a great development. It’s long overdue. It vindicates our position in this all along,’ the House leader said.

He added that he would have ‘a lot more to say at a press conference this morning.’

Asked how soon the House would return to session, Johnson said, ‘Immediately.’

‘We’re going to get everybody back on a 36-hour notice, so it’ll be happening early this week,’ Johnson said.

The House has not been in session since Sept. 19, when lawmakers there first passed a bill to avert a shutdown by extending current federal funding levels through Nov. 21. Democrats rejected that deal, however, kicking off weeks of a worsening impasse where millions of Americans’ federal benefits and air travel were put at risk.

Eight Senate Democrats joined all but one Senate Republican in breaking a filibuster to advance an updated government funding deal late on Sunday night.

It came on Day 40 of the government shutdown — which already holds the record for being the longest shutdown in U.S. history.

Terms of the deal include a new extension of fiscal year (FY) 2025 federal funding levels through Jan. 30, in order to give congressional negotiators more time to strike a longer-term deal on FY 2026 spending.

It would also give lawmakers some headway with that mission, advancing legislation to fund the Department of Agriculture and the Food and Drug Administration; the Department of Veterans Affairs and military construction; and the legislative branch.

They are three of 12 individual bills that are meant to make up Congress’ annual appropriations, paired into a vehicle called a ‘minibus.’

In a victory for Democrats, the deal would also reverse federal layoffs conducted by the Trump administration in October, with those workers getting paid for the time they were off.

It also guarantees Senate Democrats a vote on legislation extending Obamacare subsidies that were enhanced during the COVID-19 pandemic, which are set to expire at the end of this year.

Extending the enhanced Obamacare subsidies was a key ask for Democrats in the weeks-long standoff.

No such guarantee was made in the House, however, so Democrats effectively folded on their key demand in order to end the shutdown — a move that infuriated progressives in Congress.

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Trump welcomes Syrian president to Washington in high-profile visit as shutdown deal takes shape

With a deal to end the record government shutdown taking shape, President Donald Trump is turning to foreign policy at the start of the week.

On Monday, Trump will host Syrian President Ahmed al-Sharaa at the White House, the first official visit by a Syrian leader to Washington. Officials describe the meeting as a landmark attempt to bring Damascus back into the diplomatic fold after years on the international sidelines.

It will be the third meeting between Trump and al-Sharaa this year, as Syria’s new leadership works to rebuild a shattered nation and restore ties with Arab states and the West following the end of Bashar al-Assad’s 14-year civil war.

In a move paving the way for the talks, Washington eased key restrictions on Syria’s leadership ahead of the meeting.

On Friday, the United States lifted sanctions on al-Sharaa, mirroring a United Nations Security Council move a day prior, ahead of his meeting with Trump. According to a notice on the U.S. Treasury Department’s website, the Specially Designated Global Terrorist designations were removed from both Sharaa and Syria’s interior minister, Anas Khattab.

The White House meeting also comes against the backdrop of a grinding government shutdown that has paralyzed federal agencies and left Washington mired in a political standoff over funding.

Senate Republicans and Democrats have reached a deal to end the impasse on Sunday evening, but the government won’t officially reopen until the House, which has been out of session for nearly six weeks, approves the agreement. The measure would then go to President Trump for his signature.

Speaking to reporters at the White House on Sunday evening, Trump said a deal to end the government shutdown was within reach.

‘It looks like we’re very close to the shutdown ending,’ he said.

The shutdown, which began on Oct. 1, has become the longest in U.S. history. It’s the 21st government shutdown since 1976 and the longest since a 34-day standoff over funding for Trump’s border wall halted operations from December 2018 to January 2019.
 

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1911 GOLD ANNOUNCES MANITOBA MINERAL DEVELOPMENT FUND GRANT TO SUPPORT UNDERGROUND DRILLING AT TRUE NORTH

 1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB) (OTCQB: AUMBF) (FRA: 2KY) is pleased to announce that the Manitoba Mineral Development Fund (MMDF) has approved a $300,000 grant to support the current, ongoing underground drill program at the True North Gold Project, located within the Company’s 100%-owned Rice Lake Gold property in southeast Manitoba, Canada.

1911 Gold Corporation TSXV: AUMB OTCQB: AUMBF FRA: 2KY (CNW Group/1911 Gold Corporation)

‘We extend our sincere gratitude to the MMDF for their continued support of the True North Gold Project, and our near-term vision to restart mining operations in 2027.’ Shaun Heinrichs, CEO and President, stated, ‘The MMDF’s active involvement and interest in our progress reflect our shared commitment to advancing responsible resource development in Manitoba, creating meaningful employment for surrounding communities, including the Hollow Water and Black River First Nations, and fostering sustainable economic growth for years to come.’

‘We appreciate the opportunity to support projects such as this.’ Edward Suzuki, Program Manager (MMDF), ‘By providing this funding support and confidence, we aim to attract more investment into Manitoba. The socio-economic impacts from the True North redevelopment project will demonstrate the value of MMDF and justify the continuation of the program in the coming years.’

1911 Gold has been working with the MMDF over the past several years and has enjoyed strong support for both exploration programs and development projects. Proceeds from the grant will be allocated directly toward the underground delineation drill program which comprises approximately 9,000 metres in 80 drill holes, focussed on upgrading the current resources within two target areas scheduled for test mining in 2026 (see news release dated September 25, 2025). The test mining is intended to validate the planned mining method and economics – critical information as the Company advances toward the restart of operations in early 2027.

As announced in a press release by Business, Mining, Trade and Job Creation Minister Jamie Moses (dated October 8, 2025), the Manitoba government is providing $1.2 million to six mineral exploration projects through the MMDF to support mining projects that create Indigenous partnerships, increase job opportunities and stimulate investment in northern Manitoba.

About MMDF

The MMDF is a provincial fund administered by the Manitoba Chambers of Commerce (MCC). Communities and businesses, including Indigenous groups, municipalities and the not-for-profit sector, are eligible to apply for funding. Financial assistance from the fund could include one-time grants for activities that help advance new mining opportunities and outreach to First Nations for collaborative resource development in Manitoba.

For more information on the Manitoba Mineral Development Fund and the next intake, visit www.mmdf.ca.

About 1911 Gold Corporation

1911 Gold is a junior developer with a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, Canada. The Company also owns the True North mine and mill complex in Bissett, Manitoba. 1911 Gold believes its land package represents a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex.

In addition, the Company holds the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and remains focused on advancing organic growth while pursuing accretive acquisition opportunities across North America.

1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships. 

ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, the Company’s current business plans, including the underground drilling and development programs and the planned test mining program, leading towards a potential mine restart in 2027 and, generally, the plans, operations and prospects of the Company, are forward-looking statements.

In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including: the Company´s financial condition is sufficient for development plans and do not change because of unforeseen events, and management’s ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to the Company’s mineral projects. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

SOURCE 1911 Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2025/10/c7009.html

News Provided by Canada Newswire via QuoteMedia

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Anteros Expands Surface Base and Precious Metal Mineralization at the Havens Steady VMS Property, Newfoundland

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) is pleased to report results from its first channel sampling program, which expands surface polymetallic mineralization at the Main Mineralized Zone (‘MMZ’) of its wholly-owned, road-accessible Havens Steady VMS Property (‘Havens Steady’ or the ‘Property’) in central Newfoundland. This work confirms and extends near-surface lead-zinc-silver-gold-copper mineralization first modelled within the NHC Zone (see May 1, 2025 News Release) and later validated by high-grade grab samples (see July 03, 2025 News Release). Together, these results indicate the continuity of mineralization along approximately 750 metres of strike, consistent with the interpretation of a broad, near surface VMS-style system. The Company plans to continue channel sampling programs along the modelled MMZ trend and within the Target Area for Zone Extension (‘TAZE’) identified in Figure 1.

Following the success of earlier grab sampling, including HS-25-04 which assayed 1.56% Pb, 9.60% Zn, 0.15% Cu, 45.0 g/t Ag, and 0.366 g/t Au (July 03, 2025), Anteros mechanically stripped a nearby bluff, exposing bedrock within the modelled NHC Zone area. The work revealed a mass of sericitic, gossanous, felsic volcanic tuff containing lead-, zinc-, and copper-bearing sulphides. A closely-spaced series of nine, 4-metre long channels was cut across the structure and sampled (Figure 1 and 2). A total of 36, 1-metre samples were submitted for assay, with composite highlights summarized in Table 1.

Table 1: Channel sample highlights1

Channel No. From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%)
1 1.0 4.0 3.0 0.10 22.5 0.038 0.747 0.268
3 0.0 3.0 3.0 0.20 25.5 0.038 0.565 0.038
5 0.0 4.0 4.0 0.26 21.0 0.112 0.584 0.287
including 0.0 1.0 1.0 0.54 47.7 0.267 1.360 0.040
6 0.0 3.0 3.0 0.20 20.2 0.205 0.545 0.362
including 0.0 1.0 1.0 0.35 51.6 0.570 1.440 0.900
7 0.0 3.0 3.0 0.18 14.7 0.119 0.325 0.317
8 2.0 4.0 2.0 0.15 6.3 0.017 0.159 0.815
including 3.0 4.0 1.0 0.21 9.7 0.022 0.214 0.870

 

1 Composite intervals are length-weighted and may not represent true widths

The channel program returned consistent base and precious metal values across multiple cuts, confirming that mineralization is continuous over several metres at surface. The strongest intervals include up to 1.44% Pb, 0.90% Zn, 0.57% Cu, 0.35 g/t Au and 51.6 g/t Ag as well as 1.36% Pb, 0.04% Zn, 0.27% Cu, 0.54 g/t Au and 47.7 g/t Ag over 1.0 metre within broader polymetallic zones ranging from three to four metres wide. These results demonstrate that the MMZ hosts significant near-surface mineralization with strong potential for lateral continuity.

The new results validate the geological model within the southwestern portion of the MMZ, confirming that mineralization extends to surface as predicted. Historical drilling and 3-D modelling previously defined this same horizon as part of the NHC Zone, which included intercepts such as 4.0% Pb, 9.8% Zn, 37 g/t Ag and 0.6 g/t Au over 6.0 m (May 1, 2025). Together with high-grade lead-zinc-silver results reported from the same area (July 3, 2025), the program confirms the strength and continuity of the system. Importantly, the broader MMZ remains open along strike to the northeast, where Anteros recently discovered high-grade copper-gold-silver mineralization approximately 775 metres away (see June 16, 2025 News Release). Collectively, these datasets highlight a mineralized corridor in excess of 800 metres of strike with multiple high-priority zones for follow-up.

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Figure 1: Interpreted Property Geology with MMZ, NHC, and Channel Sample Location

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‘These inaugural channel results demonstrate that mineralization at the MMZ extends to surface, consistent with our geological model,’ stated Trumbull Fisher, CEO of Anteros Metals. ‘The continuity and multi-metal nature of the results support the MMZ, modelled to be a wide, laterally extensive and high-grade zone, as a compelling follow-up target for trenching and drill testing.’

GEOLOGICAL CONTEXT

The MMZ lies within a prospective segment of the Exploits Subzone, a well-recognized host to VMS deposits in central Newfoundland. At Havens Steady, felsic to intermediate volcaniclastics are variably-silicified and gossanous at surface. Historical drilling within the Property intersected high-grade Pb-Zn-Ag-Cu mineralization consistent with the NHC/MMZ horizon, and recent compilation work has highlighted zones with copper and gold enrichment.

The current results build on previous work at Havens Steady, where earlier sampling identified angular float boulders containing multi-percent copper in an undrilled area along-strike from the MMZ (June 16, 2025). The continuity between historical drill intercepts, recent grab samples, and new channel results positions the MMZ as a priority drill target for 2026.

NEXT STEPS

The Company plans to complete additional trenching and channel sampling along strike of the MMZ and within the Target Area for Zone Extension, where grab samples returned up to 2.17% Cu, 21.3 g/t Ag and 0.22 g/t Au. Follow-up work will prioritize these copper-rich zones while continuing to refine understanding of the southern MMZ where consistent multi-metal mineralization has now been confirmed at surface. All results will be integrated with historical drill and geophysical data to refine Phase I drill targets designed to test the subsurface continuity of this emerging, multi-metal VMS system along more than 750 metres of trend.

QA/QC AND ANALYTICAL METHODS

Samples were collected by Anteros personnel and submitted to Eastern Analytical Ltd. (‘EAL’), an ISO/IEC 17025-accredited laboratory located in Springdale, Newfoundland. EAL regularly inserts certified blanks, reference standards, and sample duplicates into sample sequences to maintain accuracy and precision. Multi-element geochemistry was estimated using a 200g subsample, dissolved in a four-acid solution, and analyzed with inductively coupled plasma optical emission spectroscopy (‘ICP-OES’). Overlimit assays for lead, zinc, and silver were completed using atomic absorption spectroscopy (‘AAS’) and gold was analyzed by 30g fire assay with AAS finish.

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Figure 2: Channel Sampling Gossanous Bedrock at the MMZ

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ABOUT THE PROPERTY

The Havens Steady Property covers a laterally extensive polymetallic VMS system within the Storm Brook Formation of the Red Cross Group in the Exploits Subzone. Located approximately 40 kilometres southeast of Buchans, the Property benefits from road infrastructure and nearby hydropower. The region hosts active exploration and world class VMS deposits such as the past-producing Duck Pond Mine. The Company cautions that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization on the Property.

Since acquiring the Property in January 2024, Anteros has compiled an extensive historical dataset that includes airborne electromagnetic surveys, geochemical surveys, and over 15,000 metres of historical drilling. Documented mineralization includes sphalerite, galena, chalcopyrite, and bornite in high-grade polymetallic zones. The known system extends for over one kilometre of strike and remains open at depth.

Learn more: www.anterosmetals.com/havens-steady.

QUALIFIED PERSON

The technical content of this news release has been reviewed and approved by Jesse R. Halle, P.Geo. (NL), an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

CORPORATE UPDATE – WARRANT EXTENSION

The Company also announces that it has extended the expiry date of an aggregate of 2,633,000 previously issued warrants (the ‘Warrants’). The Warrants were originally issued by the Company on November 27, 2024, at an exercise price of $0.20 per common share. The Warrants have been extended for an additional twelve (12) months, with the amended expiry being November 27, 2026. The exercise price of the Warrants will remain unchanged.

ABOUT Anteros Metals Inc.

Anteros is a Canadian exploration company focused on advancing a pipeline of critical minerals projects across Newfoundland and Labrador and select Canadian jurisdictions. The Company is targeting copper, nickel, zinc, and emerging strategic commodities that support the global energy transition. Immediate plans for their flagship Knob Lake Property include advancing the historical Fe-Mn Mineral Resource Estimate toward current NI 43-101 standards as well as commencing baseline environmental and preliminary feasibility studies. Anteros also holds an option to earn up to a 49% interest in the Seagull Ni-Cu-PGE Property in Ontario, an exploration-stage project being advanced under a joint-venture earn-in agreement with Rift Minerals Inc.

For further information please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com | Phone: +1-709-725-6520 | Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200,
St. John’s, NL, Canada A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

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