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Yellow Cake plc (AIM: YCA) (‘Yellow Cake’ or the ‘Company’), a specialist company operating in the uranium sector founded by Bacchus Capital Advisers (‘Bacchus Capital’), holding physical uranium (‘U3O8‘) for the long term and engaged in uranium-related commercial activities, today announces its intention to conduct a non-pre-emptive placing of new ordinary shares in the Company (‘Ordinary Shares’) to raise gross proceeds of approximately US$125 million (equivalent to approximately £92.5 million) at the Placing Price (as defined below) (the ‘Placing’).

The Placing will be conducted through an accelerated bookbuild which will be launched immediately following this announcement (the ‘Announcement’) and will be made available to new and existing eligible institutional investors (the ‘Bookbuild’). The Placing is subject to the Terms and Conditions set out in the Appendix to this Announcement.

Canaccord Genuity Limited (‘Canaccord’) is acting as sole bookrunner (the ‘Bookrunner’) and Joh. Berenberg, Gossler & Co. KG, London Branch (‘Berenberg’) and Panmure Liberum Limited (‘Panmure Liberum’) are acting as joint co-managers (the ‘Co-Managers’ and together with the Bookrunner, the ‘Managers’). Bacchus Capital is acting as Financial Adviser in connection with the Placing.

The Ordinary Shares will be placed at the fixed price of £5.64 per Placing Share (as defined below) (the ‘Placing Price’). The final number of Ordinary Shares placed (the ‘Placing Shares’) will be determined following the close of the Bookbuild. The Company and the Bookrunner reserve the right to adjust the gross proceeds to be raised under the Placing. The Placing is being conducted utilising the authorities to allot Ordinary Shares in the Company on a non-pre-emptive basis granted at the annual general meeting of the Company held on 4 September 2025.

Highlights of the Placing

  • Intention to conduct a non-pre-emptive placing to raise gross proceeds of approximately US$125 million (equivalent to approximately £92.5 million) at a price of £5.64 per Placing Share, being the closing mid-market price on 22 September 2025.
  • The proceeds of the Placing will be used:
    • to fund the purchase of approximately 1.33 million pounds (‘lbs’) of physical uranium (‘U3O8‘), fully utilising the Company’s purchase option for calendar year 2025 under the Company’s agreement with JSC National Atomic Company Kazatomprom (‘Kazatomprom’) (the ‘Kazatomprom Framework Agreement’) at a price of US$75.08/lb (which is the average of the weekly TradeTech and UxC spot prices as reported on 12 September 2025 and 15 September 2025, respectively); and
    • to pay certain costs associated with the Placing and for working capital and general corporate purposes.
  • Implied Pro Forma Net Asset Value at the proposed U3O8 purchase price is £1,214.3 million, equivalent to £5.60 per Ordinary Share.
  • Implied Net Asset Value at the U3O8 price as at 23 September 2025 of US$80.80/lb is £1,306.1 million, equivalent to £6.02 per Ordinary Share.
  • The U3O8 being purchased in this transaction represents material allocated under Yellow Cake’s 2025 purchase option with Kazatomprom. Delivery of the material purchased pursuant to the 2025 Kazatomprom option is anticipated in 2026.
  • The Kazatomprom offer price of US$75.08/lb represents a 7.1% discount to the current spot price of US$80.80/lb (as at 23 September 2025).
  • The Company believes that the current level of the uranium price offers a compelling buying opportunity:
    • Security of supply continues to be a significant driving force in the nuclear industry, with persistent political strategic considerations balancing on an East / West divide, evidenced by the USA’s recent comments about the need to boost its strategic uranium reserve. These supply concerns are underscored by a potentially widening supply / demand gap: developers and producers continue to face operational challenges in meeting or maintaining production targets. At the same time, significant new demand is taking shape in the form of hyperscalers and demand is coming from the rapidly growing sector of data centres.
    • Recently, three high profile long-term power deals have been signed in the USA: (i) Amazon Web Services agreement to take all 1,920 MWe from the Susquehanna nuclear plant from 2032 – 2042; (ii) Microsoft agreed a 20 year purchase agreement to re-open the Three Mile Island 1 reactor; and (iii) Meta signed a 20 year purchase agreement for up to 1,121 MWe from the Clinton nuclear power plant.

Andre Liebenberg, Chief Executive Office of Yellow Cake, commented:

‘We remain confident in the uranium market’s long-term potential and see now as the right moment to fully exercise our 2025 option with Kazatomprom. Secured prior to our 2018 IPO, this agreement allows Yellow Cake to acquire up to US$100 million of uranium annually through to 2027 at a fixed price, providing a key strategic advantage in today’s tightening market. By raising equity now, we aim to significantly bolster our uranium holdings, aligning with our core strategy of delivering value to our shareholders through direct exposure to physical uranium. The themes we have set out to our shareholders over the past six months remain very much in place. The supply-demand imbalance continues to intensify, driven by global nuclear energy expansion, persistent production constraints, escalating input costs, and increasing demand for secure supply, all of which reinforce the compelling investment case for Yellow Cake.’

Background to the Placing

Corporate Background:

Yellow Cake is a specialist company operating in the uranium sector with a view to holding physical uranium for the long-term.

Yellow Cake was founded on the fundamental premise that uranium, as a commodity, is structurally mispriced and that the incentive price required for new mines to be developed and constructed is higher than the current spot price. This misalignment in pricing has resulted, and is continuing to result, in a lack of investment in new uranium supply which may potentially result in a looming supply gap, as demand for nuclear power as a low-carbon baseload source continues to increase against a flat or declining uranium supply. 2025 saw increasing focus on nuclear as a low-carbon baseload power source, with governments seeking to reduce their reliance on both coal and Russian fuels.

Yellow Cake is differentiated from its peers by the ten-year Kazatomprom Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer. Under the Kazatomprom Framework Agreement, Yellow Cake has the option to purchase up to US$100 million of U3O8 each year for a period of nine years, starting from the Company’s IPO in 2018. In 2021, Yellow Cake raised a total of US$375.1 million and inclusive of fully exercising its option under the Kazatomprom Framework Agreement, acquired a total of 8.35 million lb of U3O8. In February 2023, Yellow Cake raised approximately US$75 million and via partially exercising its 2022 option under the Kazatomprom Framework Agreement, acquired a total of 1.35 million lb of U3O8. Later that year, in September 2023, Yellow Cake raised a further US$125 million to purchase 1.5 million lb of U3O8, fully utilising its option under the Kazatomprom Framework Agreement. The U3O8 being purchased in this proposed transaction represents material allocated under Yellow Cake’s 2025 option with Kazatomprom. The Company continues to believe that the structural misalignment of supply and demand in the uranium market points to uranium prices increasing from present levels.

Yellow Cake currently holds 21.68 million lb of U3O8. All of this material is held in storage in Canada and France. Delivery of the material purchased pursuant to the 2025 Kazatomprom option is anticipated in 2026.

At the annual general meeting held on 4 September 2025, the Company received shareholder approval to issue an aggregate of up to 46,685,645 shares to raise proceeds to exercise its option under the Kazatomprom Framework Agreement to purchase up to US$100 million of U3O8 in the relevant calendar year, to make purchases of uranium should it be able to identify value accretive purchase opportunities and for general corporate purposes.

On 17 September 2025, a purchase price for U3O8 of US$75.08/lb was offered to the Company by Kazatomprom (using market indicators) for the 2025 option to purchase U3O8 under the terms and conditions of the Kazatomprom Framework Agreement (the ‘Kazatomprom Purchase’). The Company has until 1 October 2025 to fund the purchase. The price of US$75.08/lb represents a 7.1% discount to the current spot price of US$80.80/lb (as at 23 September 2025).

Use of Proceeds

The Company intends to use the proceeds of the Placing primarily for the Kazatomprom Purchase. In addition, the Company will retain sufficient proceeds of the Placing to pay certain costs associated with the Placing, for working capital and general corporate purposes.

URC Option

In connection with the Subscription Agreement entered into at the time of the Company’s IPO, the Company has granted Uranium Royalty Corporation (‘URC’) an option to acquire between US$2.5 million and US$10 million worth of U3O8 per year in each of the nine calendar years commencing on 1 January 2019, up to a maximum aggregate amount over such nine year period of US$31.25 million worth of U3O8. The price to be paid by URC in the event it exercises its option would be the same price as that which would be payable if the Company were to exercise its rights under the Kazatomprom Framework Agreement to acquire the relevant quantity of U3O8 from Kazatomprom at the relevant time. If URC exercises its option during 2025, the Company may choose to purchase the U3O8 to be delivered to URC pursuant to the option or may deliver it from its own holdings. The price at which URC is entitled to purchase the relevant U3O8 under the option may differ from the price paid by the Company.

Details of the Placing

Canaccord will commence the Bookbuild in respect of the Placing with immediate effect.

The Placing is subject to the terms and conditions set out in the appendix to this Announcement (the ‘Appendix’).

The final number of Placing Shares to be issued will be determined following the close of the Bookbuild. The Placing Shares will, when issued, be credited as fully paid and rank pari passu in all respects with the existing issued ordinary shares of the Company.

The timing of the close of the Bookbuild as well as allocation of the Placing Shares are at the discretion of the Bookrunner and the Company. The results of the Placing will be announced as soon as practicable following the close of the Bookbuild.

The Appendix to this announcement (which forms part of this announcement) sets out further information relating to the Bookbuild and the terms and conditions of the Placing.

The Company has shareholder authority to issue up to 46,685,645 Placing Shares in aggregate under the Placing.

Net Asset Value Update

Yellow Cake’s estimated net asset value on 23 September 2025 was £6.02 per share or US$1,765.4 million, consisting of 21.68 million lb of U3O8, valued at a spot price of US$80.80/lb[1] and cash and other current assets and liabilities of US$13.5 million.[2]

Yellow Cake Estimated Net Asset Value as at 23 September 2025

Units

Investment in Uranium

Uranium oxide in concentrates (‘U3O8‘)

(A)

lb

21,682,301

U3O8 fair value per pound (1)

(B)

US$/lb

80.80

U3O8 fair value

(A) x (B) = (C)

US$ m

1,751.9

Cash and other net current assets/(liabilities) (2)

(D)

US$ m

13.5

Net asset value in US$ m

(C) + (D) = (E)

US$ m

1,765.4

Exchange Rate ([3])

(F)

USD/GBP

1.3517

Net asset value in £ m

(E) / (F) = (G)

£ m

1,306.1

Number of shares in issue less shares held in treasury ([4])

(H)

216,856,447

Net asset value per share

(G) / (H)

£/share

6.02

At a spot price of US$75.08/lb, the price at which Kazatomprom offered to sell up to US$100 million of uranium to the Company under the terms of the Kazatomprom Framework Agreement, Yellow Cake’s estimated net asset value on 23 September 2025 was £5.60 per share or US$1,641.4 million, based on 21.68 million lb of U3O8 and cash and other current assets and liabilities of US$13.5 million.2

Yellow Cake Estimated Net Asset Value as at 23 September 2025 at the Kazatomprom exercise price

Units

Investment in Uranium

Uranium oxide in concentrates (‘U3O8‘)

(A)

Lb

21,682,301

U3O8 fair value per pound (1)

(B)

US$/lb

75.08

U3O8 fair value

(A) x (B) = (C)

US$ m

1,627.9

Cash and other net current assets/(liabilities) (2)

(D)

US$ m

13.5

Net asset value in US$ m

(C) + (D) = (E)

US$ m

1,641.4

Exchange Rate (3)

(F)

USD/GBP

1.3517

Net asset value in £ m

(E) / (F) = (G)

£ m

1,214.3

Number of shares in issue less shares held in treasury(4)

(H)

216,856,447

Net asset value per share

(G) / (H)

£/share

5.60

ENQUIRIES:

Yellow Cake plc

Andre Liebenberg, CEO

Carole Whittall, CFO

Tel: +44 (0) 153 488 5200

Sole Bookrunner, Nominated Adviser and Joint Broker: Canaccord Genuity Limited

James Asensio

Henry Fitzgerald-O’Connor

Charlie Hammond

Tel: +44 (0) 207 523 8000

Joint Co-Manager and Joint Broker: Berenberg

Matthew Armitt

Jennifer Lee

Detlir Elezi

Tel: +44 (0) 203 207 7800

Joint Co-Manager: Panmure Liberum

Scott Mathieson

Amrit Mahbubani

Gaya Bhatt

Tel: +44 (0) 203 100 2000

Communications Adviser: Sodali & Co

Peter Ogden

Jade Sampayo

Tel: +44 (0) 7793 858 211

ABOUT YELLOW CAKE

Yellow Cake is a London-quoted company, headquartered in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical triuranium octoxide (‘U3O8‘). It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the ‘Group’) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer. The Group currently holds 21.68 million pounds of U3O8, all of which is held in storage in Canada and France.

Yellow Cake plc’s registered office is located at: 3rd Floor, Gaspé House, 66-72 The Esplanade, St Helier, Jersey JE1 2LH. Further information on the Company, its directors and management, share capital and financial information in respect of the Company and its dealings may be found on its website (https://www.yellowcakeplc.com/) and in its annual report for the year ending 31 March 2025 (https://www.yellowcakeplc.com/wp-content/uploads/2025/07/Yellow-Cake-IAR_2025_v9a.pdf).

Canaccord, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (‘FCA’) and is acting exclusively for the Company as bookrunner and no-one else in connection with the Placing and the matters referred to in this Announcement, and will not regard any other person as its client in relation to the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or any transaction or arrangement referred to in this Announcement.

Berenberg, which is authorised and regulated by the German Federal Financial Supervisory Authority, and in the UK, authorised and regulated by the FCA, firm reference number 959302, is acting exclusively for the Company as co-manager in connection with the Placing and the matters referred to in this Announcement. Berenberg will not regard any other person as its client in relation to the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or any transaction or arrangement referred to in this Announcement.

Panmure Liberum, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company as co-manager and no-one else in connection with the Placing and the matters referred to in this Announcement, and will not regard any other person as its client in relation to the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or any transaction or arrangement referred to in this Announcement.

This Announcement should be read in its entirety. In particular, you should read and understand the information provided in the ‘Important Notices’ section below. The Appendix to this Announcement (which forms part of this Announcement) sets out the terms and conditions of the Placing. Persons who have chosen to participate in the Placing, by making an oral or written offer to acquire Placing Shares, will be deemed to have read and understood this Announcement in its entirety (including the Appendix) and to be making such offer on the terms and subject to the conditions herein, and to be providing the representations, warranties, agreements, confirmations, acknowledgements and undertakings contained in the Appendix.

IMPORTANT NOTICES

Neither this Announcement, nor any copy of it, may be taken or transmitted, published or distributed, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, Singapore, South Africa or Japan or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction or to any persons in any of those jurisdictions. This Announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for any shares in the capital of the Company in the United States, Canada, Australia, Hong Kong, Singapore, South Africa or Japan or any other state or jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Any failure to comply with these restrictions may constitute a violation of securities laws of such jurisdictions.

The Placing Shares referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, (the ‘U.S. Securities Act’), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold, pledged, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly in, into or within the United States absent registration under the U.S. Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the shares referred to in this Announcement is being made in the United States.

The Placing Shares have not been approved or disapproved by the U.S. Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States nor have any of the foregoing authorities passed upon or endorsed the merits of the Placing or the accuracy or adequacy of this Announcement. Any representation to the contrary is a criminal offence in the United States.

The Placing Shares are being offered and sold by the Company (i) outside the United States in offshore transactions as defined in, and pursuant to, Regulation S under the Securities Act and (ii) to a limited number of ‘qualified institutional buyers’ (as such term is used in Rule 144A under the Securities Act) in the United States in non-public transactions in reliance on Section 4(a)(2) of the Securities Act.

The Company has not been, and will not be, registered under the U.S. Investment Company Act of 1940 and investors will not be entitled to the benefits of that Act. All offers of Placing Shares will be made pursuant to an exemption from the requirement to produce a prospectus under the Prospectus Regulation (Regulation (EU) 2017/1129) (the ‘Prospectus Regulation’) in relevant member states of the European Economic Area (‘EEA’) and under the Prospectus Regulation, as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (the ‘UK Prospectus Regulation’). This Announcement is being distributed to persons in the United Kingdom only in circumstances in which section 21(1) of the Financial Services and Markets Act 2000 (‘FSMA’) does not apply. Members of the public are not eligible to take part in the Placing.

This announcement is being distributed only to, and is directed only at: (a) if in the United Kingdom, persons who are ‘qualified investors’ within the meaning of Article 2(e) of the UK Prospectus Regulation who (i) are ‘investment professionals’ specified in Article 19(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005, as amended (the ‘Order’); or (ii) fall within Article 49(2)(a) to (d) of the Order (and only where the conditions contained in those Articles have been, or will at the relevant time be, satisfied); (b) if in the EEA, persons in member states who are ‘qualified investors’ within the meaning of Article 2(e) of the Prospectus Regulation (‘Qualified Investors’); and (c) persons to whom it may otherwise be lawfully communicated, (all such persons together being referred to as ‘Relevant Persons’). This announcement must not be acted on or relied on by persons who are not Relevant Persons in the United Kingdom and in any member state of the EEA. Any investment or investment activity to which this announcement relates is available only to Relevant Persons in the United Kingdom and in any member state of the EEA, and will be engaged in only with such persons.

Note to Investors in Canada

The offering of Placing Shares in Canada or to persons subject to Canadian securities laws is being made only to investors that are purchasing as principal and that qualify as both an ‘accredited investor’ as such term is defined in Section 1.1 of National Instrument 45-106 Prospectus Exemptions or, if resident in Ontario, subsection 73.3(1) of the Securities Act (Ontario), and as a ‘permitted client’ as defined in National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations (such person, a ‘Canadian Purchaser’). This Announcement, including the Appendix, is being delivered solely, and for the confidential use of only the Canadian Purchasers identified by the Bookrunner to evaluate an investment in the Placing Shares. The information contained within this Announcement does not constitute an offer in Canada to any other person, or a general offer to the public, or a general solicitation from the public, to subscribe for or purchase the Placing Shares. The distribution of this Announcement and the offer and sale of Placing Shares in certain of the Canadian provinces may be restricted by law. Persons into whose possession this Announcement comes must inform themselves about and observe any such restrictions.

Any distribution made in Canada will be made in reliance upon an exemption from the prospectus requirement of applicable Canadian securities laws. Accordingly, placees do not receive the benefits associated with a subscription for securities issued pursuant to a prospectus, including the review of offering materials by any securities regulatory authority. No securities commission or similar securities regulatory authority in Canada has reviewed or in any way passed upon this Announcement or the merits of the Placing Shares and any representation to the contrary is an offence under the applicable Canadian securities laws. Moreover, the Placing Shares will be subject to resale restrictions in accordance with National Instrument 45-102 – Prospectus Exempt Distributions and, because the Company is not a reporting issuer in any province or territory of Canada, such resale restrictions may never expire, and if no further statutory exemption may be relied upon and if no discretionary order is obtained, the resale restrictions could result in the Canadian Purchaser having to hold the Placing Shares for an indefinite period of time.

Notice to Investors in Australia

This Announcement is not a prospectus, product disclosure statement or other disclosure document under the Corporations Act 2001 (Cth) (the ”Corporations Act”) or any other Australian law and is not required to, and does not, contain all the information which would be required in a disclosure document under Australian law. This Announcement has not been and will not be lodged or registered with the Australian Securities and Investments Commission or any other regulator in Australia.

In Australia, the Placing Shares may be sold only to sophisticated investors or professional investors as those terms are defined in sub-sections 708(8) and 708(11) of the Corporations Act. The Placing Shares must not be offered for sale in Australia in the period of 12 months after their respective dates of issue, except in circumstances where disclosure to investors under Chapter 6D of the Corporations Act would not be required pursuant to an exemption under section 708 or 708A of the Corporations Act or where the offer is pursuant to a disclosure document which complies with Chapter 6D of the Corporations Act. Any person acquiring Placing Shares must observe such Australian on-sale restrictions.

Notice to Investors in Hong Kong

This Announcement has not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the Placing. If you are in any doubt about any of the contents of this Announcement, you should obtain independent professional advice.

The Placing Shares have not been offered or sold and will not be offered or sold in Hong Kong, by means of any document, other than (a) to ”professional investors”, as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong and any rules made under that Ordinance or (b) in other circumstances which do not result in this Announcement being a ”prospectus” as defined in the Companies (Winding Up and Miscellaneous Provision) Ordinance (Cap. 32) of Hong Kong or which do not constitute an offer to the public within the meaning of that Ordinance, and no advertisement, invitation or document relating to the Placing Shares, which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong has been or will be issued or may be in the possession of any person for the purpose of issue, whether in Hong Kong or elsewhere (except if permitted to do so under the securities laws of Hong Kong), other than with respect to the Placing Shares which are or are intended to be disposed of only to persons outside Hong Kong or only to ”professional investors” as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong and any rules made under that Ordinance.

Notice to Investors in Singapore

This Announcement has not been registered and will not be registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this Announcement and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of the Placing Shares may not be circulated or distributed, nor may the Placing Shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than: (i) to an institutional investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore (the ‘SFA’) pursuant to Section 274 of the SFA; or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA, in each case subject to compliance with conditions set forth in the SFA. There are on-sale restrictions in Singapore that may be applicable to investors who acquire the Placing Shares. As such, investors are advised to consider carefully whether the investment is suitable for them and seek independent professional advice to acquaint themselves with the SFA provisions relating to resale restrictions in Singapore and comply accordingly. As of the date of this Announcement, the Company has not determined the classification of the Placing Shares under Sections 309B(1)(a) and 309B(1)(c) of the SFA. Accordingly, and pursuant to Regulations 2 and 3 of the Securities and Futures (Capital Markets Products) Regulations 2018 (the ‘SF(CMP)R’), the Placing Shares may not be offered or sold or made the subject of an invitation for subscription or purchase nor may this Announcement or any other document or material in connection with the offer or sale or invitation for subscription or purchase of any Placing Shares be circulated or distributed, whether directly or indirectly: (i) to any person in Singapore other than to an institutional investor, an expert investor or an accredited investor (each as defined under Section 4A of the SFA) or any other person that is not an individual in accordance with the conditions specified in the SFA and the SF(CMP)R; or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

Cautionary statements

This Announcement may contain, and the Company may make, ‘forward-looking statements’ with respect to certain of the Company’s plans and its current goals and expectations relating to its future financial condition, performance, strategic initiatives, objectives and results. Forward-looking statements sometimes use words such as ‘aim’, ‘anticipate’, ‘target’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, ‘seek’, ‘may’, ‘could’, ‘outlook’ or other words of similar meaning. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the control of the Company. Any forward-looking statements made in this Announcement by or on behalf of the Company speak only as of the date they are made. Statements contained in this Announcement regarding past trends or activities should not be taken as representation that such trends or activities will continue in the future. You should not place undue reliance on forward-looking statements, which speak only as of the date of this Announcement.

No statement in this Announcement is intended to be a profit forecast. This Announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Placing Shares. Any investment decisions to buy Placing Shares in the Placing must be made solely on the basis of publicly available information, which has not been independently verified by the Bookrunner. The Placing Shares will not be admitted to trading on any stock exchange other than AIM.

Investing in the Placing Shares involves a substantial degree of risk. In making an investment decision, investors must perform their own investigation and analysis of the Company and the terms of the Placing, including the merits and risks involved. Prospective purchasers should not construe anything in this Announcement as legal, business or tax advice. Each prospective purchaser should consult its own advisors as needed to make its investment decision and to determine whether it is legally permitted to purchase the Placing Shares under applicable legal investment or similar laws or regulations.

Any indication in this Announcement of the price at which Ordinary Shares have been bought or sold in the past cannot be relied upon as a guide to future performance. No statement in this Announcement is intended as a profit forecast or estimate for any period and no statement in this Announcement should be interpreted to mean that earnings, earnings per share or income, cash flow from operations or free cash flow for the Company, as appropriate, for the current or future years would necessarily match or exceed the historical published earnings, earnings per share or income, cash flow from operations or free cash flow for the Company.

INFORMATION TO DISTRIBUTORS

Solely for the purposes of the product governance requirements of Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the ‘UK Product Governance Requirements’), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any ‘manufacturer’ (for the purposes of the UK Product Governance Requirements) may otherwise have with respect thereto, the Shares have been subject to a product approval process, which has determined that the Placing Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each defined in paragraph 3 of the FCA Handbook Conduct of Business Sourcebook; and (ii) eligible for distribution through all permitted distribution channels to professional clients and eligible counterparties (the ‘Target Market Assessment’).

Notwithstanding the Target Market Assessment for the Placing Shares, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom.

The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the offering of the Placing Shares. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Bookrunner will only procure investors who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of the UK Product Governance Requirements; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Placing Shares.

Each distributor is responsible for undertaking its own target market assessment in respect of the Placing Shares and determining appropriate distribution channels.

Source

This post appeared first on investingnews.com

Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) (‘FRG’ or the ‘Company’) is pleased to announce continued progress at its fully permitted La Estrella Coal Project in Santander, Colombia, highlighted by the arrival of key heavy equipment to support automated, mechanized operations and major advancements in camp construction for its expanding underground mining workforce.

PJ Murphy, CEO of Forge Resources, states:

‘We are extremely encouraged by the progress towards our revenue generating bulk sample program at our coal project. The addition of this heavy equipment represents an important step in advancing La Estrella toward efficient, mechanized, automated operations in Colombia. At the same time, the construction of our mining camps ensures we can accommodate a growing workforce that operates around the clock, three shifts per day – improving both efficiency and the rate of advance. We remain committed to building strong, sustainable project that will support long-term success for our shareholders, employees, and local communities.’

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Figure 1. Panzer located onsite ready to be implemented

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Panzer Arrives at La Estrella Coal Project

Forge Resources has taken delivery of a fully paid-for Panzer conveyor system (Figure 1), now located on-site at La Estrella. This new unit marks another step in mechanizing underground operations and reduces reliance on the combustion-powered equipment previously used for muck removal. The Panzer system will also be a key component in the extraction of coal. Operational benefits of the Panzer system includes:

  • Provides safer, more efficient removal of material from underground tunnels;
  • Lowers emissions and fuel costs by reducing reliance on combustion equipment;
  • Enhances operational efficiency and improves worker safety.

With this investment, Forge continues to modernize its operations in Colombia, strengthening both productivity and safety. This supports the Company’s strategy to advance toward streamlined, automated coal extraction.

Camp Construction Updates

The Company is pleased to report significant progress at its La Estrella coal project in Colombia, with construction of the initial mining camps now 85% complete (Figure 2 and 3). Designed to support early-stage operations, the camps include 12 rooms with capacity to accommodate more than 24 personnel. Each pair of rooms is served by a dedicated sanitary unit, with six units installed to ensure comfort and hygiene. Notably, the camp foundations have been strategically engineered to support a future second floor, allowing for seamless expansion as operational needs grow. This milestone marks a key step in advancing the La Estrella project toward full-scale development.

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Figure 2. Exterior of camp under construction

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Figure 3. Interior of double occupancy camp accommodations

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Construction is continuing to advance on a purpose-built Mechanical Station at the La Estrella coal project, designed to accommodate the site’s energy generation systems, and pneumatic compressor. This facility will deliver a reliable and efficient power source to support underground operations, minimize reliance on external energy supply, and strengthen the overall resilience of site infrastructure. Engineered with scalability in mind, the generator room will also enable future increases in production capacity – providing the energy foundation required to operate multiple shifts daily and accelerate project development.

Flow-through Private Placement Financing Closing

Forge Resources has closed its previously announced non-brokered flow-through private placement (the ‘Private Placement’) and will issue 909,092 units (the ‘Units’) at a price of $0.55 per Unit for aggregate gross proceeds of $500,000.60 (the ‘Offering’).

Each Unit consists of one flow-through common share (each a ‘Share’) in the capital of the Company and one-half of one transferrable non-flow-through common Share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant entitles the holder to purchase one common share of the Company (a ‘Warrant Share’) for a period of 36 months following the issuance thereof at an exercise price of $0.70 per Warrant Share. Upon closing of the Offering, the Company paid finders fees to one finder consisting of a cash commission of $35,000.04 and 63,636 warrants exercisable for a period of 36 months from the closing of the Private Placement at a price per share of $0.55.

The gross proceeds from the Units will still be utilized for incurring Canadian exploration expenses and flow-through mining expenditures. All securities issued are subject to a statutory holder period of four months and one day from the date of issuance. Finders’ fees payable in connection with the Private Placement, are subject to and in accordance with the policies of the CSE.

About Forge Resources Corp.

Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. La Estrella contains eight known seams of metallurgical and thermal coal. The Company also holds an option on the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.

Qualified Person

Lorne Warner, President and P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

On behalf of the Board of Directors
‘PJ Murphy’, CEO Forge Resources Corp.
info@forgeresources.com

Forward-Looking Statements

Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Aion Acquisition. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. In particular, there can be no assurance that the Proposed Transaction will be completed as described or at all. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.

Source

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GreenRoc Strategic Materials Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that the European Union (‘EU’) Commissioner for Energy, Dan Jørgensen, will be visiting GreenRoc’s Amitsoq graphite deposit and planned mine site this week.

During the visit, Commissioner Jørgensen will be joined by Malene Vahl Rasmussen, Mayor of Kommune Kujalleq (the South Greenland Municipality), Simon Bojsen-Møller, Head of EU Representation in Nuuk, and Per Haugaard, Head of EU Representation in Denmark.

In February 2024, the EU and Greenland signed a partnership agreement focused on the development of sustainable raw materials value chains in Greenland. Greenland possesses several of the critical raw materials sought under the EU’s Critical Raw Materials Act (‘CRMA’), making it a key region for the EU’s supply chain diversification efforts.

The CRMA identifies 34 materials as Critical Raw Materials (‘CRMs’), based on their high economic importance to the EU and significant supply risks. The CRMA further designates a subset of 17 of the 34 CRMs as Strategic Raw Materials (‘SRMs’). These SRMs are considered particularly vital due to their projected exponential growth in demand, complex production processes, and higher supply risks. The SRM list includes natural graphite (battery grade).

Under the CRMA, the EU can designate specific mining or processing projects as ‘Strategic Projects’, providing these projects with streamlined permitting processes, access to financing, and other forms of support. As previously reported, GreenRoc’s Amitsoq graphite project was announced a Strategic Project in June 2025.

GreenRoc’s CEO, Stefan Bernstein, commented:

‘We are delighted to welcome this important delegation to Amitsoq, and to provide them with an in-depth look at our graphite deposit, which we are developing into a future source of this strategic raw material. This visit further underscores the EU’s support for our efforts to establish a secure, responsibly sourced supply chain of processed graphite for Europe’s automotive and defence industries.’

For further information, please contact:

Investor questions on this announcement

We encourage all investors to share questions

on this announcement via our investor hub

https://greenrocplc.com/s/f795de

GreenRoc Mining plc

Stefan Bernstein, CEO

info@greenrocplc.com

+44 20 3950 0724

Cairn Financial Advisers LLP (Nomad)

Sandy Jamieson / Louise O’Driscoll

+44 20 7213 0880

Oberon (Broker)

Nick Lovering/Adam Pollock

+44 20 3179 5300

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company’s or any third party’s ability to execute and implement future plans, and the occurrence of unexpected events.

Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

About GreenRoc

GreenRoc Strategic Materials Plc is an AIM-quoted UK public company which is led by a group of highly experienced mining industry professionals. The Company is focused on fast-tracking the Amitsoq Graphite Project in Greenland into a producing mine to meet critical demand from Electric Vehicle (‘EV’) manufacturers in Europe and North America for new, high grade and conflict-free sources of graphite.

Amitsoq is one of the highest-grade graphite deposits in the world with a combined Measured, Indicated and Inferred JORC Resource of 23.05 million tonnes (Mt) at an average grade of 20.41% graphite, giving a total graphite content of 4.71 Mt, and significant further upside beyond this. Test work has proven that Amitsoq graphite can be readily upgraded to high-grade, anode-quality graphite, with higher than 99.95% purity and relatively little energy input, which bodes well for future production costs and sustainability commitments.

A Preliminary Economic Assessment released on 31 October 2023 gives a post-tax NPV8 for the Project of US$179M, an IRR of 26.7% and capex estimated at US$131M (including a 25% contingency). These figures solely relate to the economics of a mining and primary processing operation in South Greenland and do not take into account any potential upside from the downstream processing operation which GreenRoc intends to establish. A Feasibility Study into the establishment of a graphite spheronisation processing plant (published in May and July 2024) shows a post-tax NPV8 for the project of US$621M, an IRR of 26.5% and capex estimated at US$340M (including a 25% contingency).

The Company has signed a Letter of Intent to secure an area for the Company’s future Active Anode Materials Plant in Southern Norway and has received expressions of support from the European Raw Materials Alliance and the US EXIM Bank for future development. In November 2024, GreenRoc and Morrow Batteries a/s, a Norwegian Gigafactory signed a MoU to work together on a regional supply chain of battery anode material and the Company received a Letter of Interest from the Export and Investment Bank of Denmark (EIFO) in January 2025.

GreenRoc’s Amitsoq and Anode Materials Plant project was announced as a Strategic Project under EU’s Critical Raw Materials Act on June 4, 2025, and has an ESG certification via DigBeeTM since March 2025.

GreenRoc also owns the Thule Black Sands Ilmenite Project (‘TBS’) in Greenland, which has an initial Mineral Resource of 19Mt at 43.6% Total Heavy Minerals with an in-situ ilmenite grade of 8.9%.

Source

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Iranian President Masoud Pezeshkian on Tuesday accused the United States and Israel of committing a ‘grave betrayal of diplomacy’ by carrying out airstrikes on Iranian cities, telling world leaders at the United Nations that the attacks violated international law and undermined peace efforts.

Speaking in his first address to the U.N. General Assembly, Pezeshkian said the U.S. strikes in June on Iran’s nuclear facilities came as Iran was engaged in diplomatic negotiations, and he warned that such actions threatened to erode the foundations of global stability.

‘The aerial assault… constituted a grave betrayal of diplomacy and a subversion of efforts toward the establishment of stability and peace,’ the president said. 

‘This brazen aggression, in addition to murdering citizens, women, scientists and intellectual elites of my country, inflicted a grievous blow upon the prospect of peace in the region.’

In June, seven U.S. B-2 bombers dropped 30,000-pound ‘bunker buster’ bombs on Iran’s nuclear sites. The U.S. declared the mission a success, and former President Donald Trump said Iran’s nuclear program was ‘totally obliterated.’

Pezeshkian, however, claimed Iran never had intentions to develop a nuclear weapon and only enriched uranium for civil nuclear purposes. 

‘We do not seek the weapons. This is our belief based on the edict issued by the Supreme Leader and by religious authorities,’ the Iranian president said. 

‘We never sought weapons of mass destruction, nor will we ever seek them.’

He accused Washington and its allies of a double standard, pointing to U.S. support for Israel in Gaza and other regional conflicts, while casting Iran as the victim of aggression that has killed civilians, scientists and journalists.

Pezeshkian tied the strikes against Iran to what he described as a broader pattern of Western-backed aggression across the Middle East, citing Israel’s offensive in Gaza as ‘genocide’ and denouncing the ‘Greater Israel’ project as a delusional scheme destabilizing the entire region. He accused the U.S. of enabling Israel’s actions in Gaza, Lebanon, Syria and Yemen, and urged Muslim states to unite in collective defense.

‘The world in these two years has witnessed a genocide in Gaza, the destruction of homes in Lebanon, the devastation of Syria’s infrastructure, the assault against the people of Yemen, and the assassination of Iran’s scientists,’ Pezeshkian said. 

‘All of this under the full support of the most heavily armed regime on the face of the earth, under the pretext of self-defense. Would you countenance such things for yourselves?’

The Iranian leader portrayed his country as resilient in the face of pressure, insisting that military and economic coercion has backfired.

‘The patriotic and valiant people of Iran laid bare before the aggressors the fallacy and self-destruction of their arrogant calculations,’ he said. ‘The enemies of Iran unwittingly fortified the sacred national unity. The people of Iran, despite the most severe, protracted and crushing economic sanctions… rise in unison in support of their valiant armed forces.’

Pezeshkian’s remarks also underscored the depth of Iran’s hostility toward Israel. 

He declared that those responsible for targeting children in Gaza ‘are not worthy of the name human being’ and said such crimes prove Israel ‘shall never prove to be trustworthy partners.’ 

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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to provide an update on ramp-up activities at the Beacon Gold Mill and Swanson Gold Deposit located in the Abitibi Gold Belt, near Val-d’Or, Québec, Canada.

Kal Malhi, Chairman of LaFleur Minerals commented, ‘LaFleur Minerals is blessed to have the fully updated and permitted Beacon Gold Mill, tailings storage facility (TSF), and nearby Swanson Gold Deposit with an open-pit constrained mineral resource estimate. This puts LaFleur Minerals in a unique category of a full-fledged near-term gold producer in the prolific Abitibi Gold District. This summer was a great period of development for the Beacon Gold Mill restart and the Swanson Gold Deposit ramp-up. The Beacon Gold Mill ramp-up is about completing maintenance of mill equipment, planning exploration and drilling near the historical Beacon Mine, and identifying the logistics and operational efficiency to restart gold production at the fully permitted and primed for restart Beacon Gold Mill, using mineralized material initially from our nearby Swanson Gold Deposit once permitting is complete. We also continue to drill aggressively on the Swanson Project and assay results are starting to come back from the lab.

BEACON MILL RESTART

LaFleur Minerals is quickly advancing to restart the Beacon Gold Mill and recently held a site visit of the Beacon Gold Mill, tailings storage facility (TSF), and the Swanson Gold Deposit on August 12, 2025, attended by Company Executives, Consultants, Institutional Investors and Mining Analysts. Response to the state of the Beacon Gold Mill, its proximity to within 20 minutes from the town of Val-d’Or, and the size of the TSF were extremely positive.

Earlier this year, LaFleur Minerals engaged Bumigeme Inc. to conduct an independent evaluation, who confirmed the state of readiness at the Beacon Gold Mill and the ability to restart within the estimated $5 million budget, and also provided a valuation opinion for the Beacon Gold Mill that stated the full replacement cost of a new mill and tailings storage facility combined with permitting costs exceeding C$71.5 million and taking over 3-4 years to complete, underscoring the strategic value of the Beacon Gold Mill.

In addition, LaFleur Minerals is finalizing the engagement of a full-service geological and mining consulting firm to provide a comprehensive PEA by the end of October 2025 that covers the full mining and economic viability of restarting gold production at the Beacon Gold Mill with mineralized material from the Swanson Gold Deposit.

SWANSON GOLD DEPOSIT DRILLING RESULTS

LaFleur Minerals is also pleased to report the receipt of the first high-grade gold assay results from its ongoing exploration diamond drilling program at its Swanson Gold Project (‘Swanson‘), strategically situated within the prolific Abitibi Gold Belt near Val-d’Or, Québec. To date, 24 drill holes totalling 5,283 metres have been completed with assay results available for six (6) of these drill holes. Several drill holes exhibit high-grade, near-surface assay intercepts which highlight the strong potential to expand shallow, open-pit mineral resources at the Swanson Gold Deposit. Results also indicate step-out drilling success that has extended mineralization significantly along strike, reinforcing both the scale and continuity of the system at Swanson.

The Swanson Gold Project is a district-scale, consolidated land package that stretches over 18,000 hectares and hosts extensive historical work with over 36,000 metres of historical drilling, and is potentially an ideal source of mineralized material for the Beacon Gold Mill, the Company’s near-term producing asset located only 60 km away. The large strike length, multiple high-grade targets and the potential to increase mineral resources suggest upside for growth at Swanson, validated by these initial assay results from the ongoing drilling program.

HIGHLIGHTS OF SWANSON DRILLING PROGRAM

  • High-grade, near-surface gold along strike of Swanson Gold Deposit:

    • 7.47 g/t Au over 1.35 metres (SW-25-033), located 1 km along strike southeast of the Swanson Gold Deposit

    • 7.68 g/t Au over 1.0 metres (SW-25-034), located 300 metres along strike northwest of the Swanson Gold Deposit

  • New high-grade gold discovery in the Bartec target area:

    • 17.80 g/t Au over 1.0 metres (SW-25-037) in addition to anomalous molybdenum (Mo) and copper (Cu) hosted in the Laflamme intrusion in the Bartec target area

The Company has completed its initial 5,000 metre drilling program, targeting priority areas identified through extensive historical data compilation and recent exploration work by the Company at the Swanson Gold Deposit, and Bartec, Jolin, and Marimac target areas (Figure 1). This includes priority drilling targets from over 50 promising areas identified to date. Based on these initial and encouraging drilling results, including both analytical and visual core observations, the Company is extending the current drilling program to approximately 7,500 metres.

Recent high-grade gold assay drilling results testing the strike extension of the Swanson deposit include 7.47 g/t Au over 1.35 metres near surface at a hole depth of 29.55 metres in hole SW-25-033 confirming gold mineralization approximately 1 km along strike to the southeast of the Swanson Gold Deposit. Hole SW-25-034 returned 7.68 g/t Au over 1.00 metre at a hole depth of 181.15 metres representing a step-out intersection 300 metres to the northwest and along strike of the Swanson Gold Deposit.

High-grade gold mineralization of 17.80 g/t Au over 1.0 metres with anomalous Mo and Cu hosted within the syenite/monzonite rocks of the Laflamme intrusion was intersected in hole SW-25-037 in the northern part of the Bartec target area. This represents a significant and different style of mineralization than that observed at the Swanson Gold Deposit, located 3 km to the northeast, opening up a new target type for exploration.

Paul Ténière, CEO of LaFleur Minerals stated, ‘Near-surface grades such as 7.47 g/t Au over 1.35 metres and 7.68 g/t Au over 1.0 metre reinforce the strong opportunity for additional shallow mineralization along strike to the Swanson Gold Deposit. With multiple mineralized zones intersected across both targets, we are building confidence in the scale and continuity of the gold system at Swanson. These assay results represent important step-outs at Swanson, extending known mineralization significantly along strike in both directions. The very encouraging intercept of 17.80 g/t Au over 1.0 metre with anomalous molybdenite and copper mineralization in the Laflamme intrusion demonstrates the high-grade gold potential and different style of mineralization in a new area near the Bartec target.

DRILLING PROGRAM SUMMARY AND SIGNIFICANT ASSAY RESULTS

The collar details for the 24 completed drill holes totalling 5,283 metres are shown in Table 1, and the significant assay results and drill hole locations are shown in Table 2 and Figure 2. True widths of the mineralized zones are unknown at this time. The Qualified Person (QP) is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the assay data disclosed in this news release.

In addition to assays pending from recently completed holes, the Company reports encouraging visual observations from the ongoing drilling program. Hole SW-25-038 intersected 17.9 metres of massive to semi-massive sulphides (predominantly pyrite) from 217.65 m to 235.55 m, bordered on both sides by tuffs with strong sericite alteration. Hole SW-25-043 cut zones of disseminated to stringer pyrite within dark grey quartz veinlets hosted in altered basalt with carbonate and sericite alteration between 144.20-145.75 m and 147.00-151.05 m downhole. Hole SW-25-046 intersected disseminated, stringer, and locally massive sulphides associated with graphitic shear zones between 126.6 m and 139.5 m downhole. Reported intervals represent core lengths, not true widths.

The Company cautions that visual estimates of sulphide abundance should not be considered a proxy for mineral content or grade. Laboratory assays are required to determine the presence and concentrations of gold or other metals, and assay results from these intervals are still pending.

The Company’s maiden diamond drilling program progresses with continued focus on testing regional exploration targets across the vast Swanson property including the Swanson, Bartec, Jolin, and Marimac targets. Additional holes are currently being logged, sampled, and submitted to the laboratory for assay testing. Additional drilling assay results will be reported as they become available.

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Figure 1: Swanson drilling target regions and proposed drill holes (in blue)

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Figure 2: Significant assay results from recent drilling at the Swanson and Bartec targets

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Table 1: Drill Collar Locations (holes completed to date)

Hole-ID Azimuth Dip Length (m) Easting (m) Northing (m)
SW-25-032 215 -50 200 311565 5380111
SW-25-033 215 -50 200 311693 5380807
SW-25-034 180 -50 200 310434 5381275
SW-25-035 180 -50 200 310153 5381390
SW-25-036 180 -50 200 309981 5381440
SW-25-037 180 -50 200 309459 5378085
SW-25-038 210 -50 285 308759 5376922
SW-25-039 200 -50 240 307363 5375867
SW-25-040 200 -50 204 307424 5375893
SW-25-041 200 -50 201 307483 5375900
SW-25-042 200 -50 231 307445 5375972
SW-25-043 200 -50 225 307782 5376159
SW-25-044 200 -50 207 307693 5377050
SW-25-045 200 -50 201 306789 5376269
SW-25-046 200 -50 240 306831 5376033
SW-25-047 200 -50 201 306806 5375641
SW-25-048 180 -50 237 308710 5380121
SW-25-049 180 -50 234 308056 5380009
SW-25-050 180 -50 237 307831 5380568
SW-25-051 180 -50 201 307946 5381496
SW-25-052 225 -50 282 319313 5368164
SW-25-053 225 -50 204 318986 5368052
SW-25-054 225 -50 216 319076 5368177
SW-25-055 225 -50 237 319142 5368298
Drill collar coordinates in UTM NAD83, Zone 18

Table 2: Significant assay results table from recent drilling at the Swanson and Bartec targets

Hole-ID From
(m)
To
(m)
Length
(m)
Grade
(Au g/t)
Target Area
SW-25-032 No Significant Results Swanson
SW-25-033 29.55 30.90 1.35 7.47 Swanson
SW-25-033 184.85 185.4 0.55 0.60 Swanson
SW-25-033 185.40 186.70 1.30 1.96 Swanson
SW-25-034 51.45 52.55 1.10 1.87 Swanson
SW-25-034 181.15 182.15 1.00 7.68 Swanson
SW-25-035 56.45 57.40 0.95 2.25 Swanson
SW-25-035 168.60 169.45 0.85 0.56 Swanson
SW-25-036 196.25 197.10 0.85 0.52 Swanson
SW-25-037 132.55 136.10 3.55 1.15 Bartec
SW-25-037 Incl. 132.55 132.90 0.35 9.06 Bartec
SW-25-037 158.00 159.00 1.00 17.80 Bartec
SW-25-037 178.30 178.90 0.60 0.50 Bartec
SW-25-037 187.50 188.90 1.40 0.76 Bartec
Reported intervals are drilled core lengths (true widths have not yet been determined)

SAMPLING, QAQC, AND LABORATORY ANALYSIS SUMMARY

All core logging and sampling completed by LaFleur Minerals as part of its diamond drilling program is subject to a strict standard for Quality Control and Quality Assurance (QAQC), which include the insertion of certified reference materials (standards), blank materials, and field duplicate analysis. NQ-diameter sawed half-core samples from the drilling program at Swanson were securely sent by Company geologists to AGAT Laboratories Ltd. (AGAT), with sample preparation in Val-d’Or, Québec and analysis in Thunder Bay, Ontario, where samples were processed for gold analysis by 50-gram fire assay with an atomic absorption finish. Samples from selected holes were securely sent to AGAT in Calgary, Alberta, for multi-element analysis (including silver) by inductively coupled plasma (ICP) method with a four-acid digestion. AGAT sample preparation and laboratory analysis procedures conform to requirements of ISO/IEC Standard 17025 guidelines and meet the requirements under NI 43-101 and CIM best practice guidelines. AGAT is independent of LaFleur Minerals.

ENGAGEMENT OF MARKETING AND INVESTOR RELATIONS FIRMS

The Company is also pleased to announce various strategic marketing and investor relations engagements (the ‘Engagements‘) with arms-length independent contractors and agencies, with the aim of developing the Company’s communication strategy and strengthening exposure to a wider audience.

A service agreement dated August 6, 2025 has been executed by the Company with CEO.CA Technologies Ltd. (‘CEO.CA‘), a subsidiary of EarthLabs Inc. and a leading investor social network in junior resource and venture stocks (the ‘CEO.CA Agreement‘). Pursuant to the terms and conditions of the CEO.CA Service Agreement, CEO.CA has agreed to provide advertising services, news distribution and promotional content through digital channels to a targeted investor audience for the Company. The services may include company profile, banner advertisements served on desktop and mobile, news features, placements, videos, email sponsorships and Inside The Boardroom Video Interviews. The CEO.CA Service Agreement remains in effect for 12 months ending on August 6, 2026, the campaign period, and will not automatically renew. In accordance with the terms and conditions of the CEO.CA Service Agreement and as consideration for the services provided by CEO.CA, the Company has agreed to provide CEO.CA with a cash fee of CAD $95,000 plus applicable GST. CEO.CA and its principals are arm’s length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. CEO.CA’s business is located at 1040 Palmerston Avenue, West Vancouver, British Columbia, V7S 2J3, Canada, the email contact is james@ceo.ca and its phone number is 604-687-3119.

A service agreement dated September 10, 2025 has been executed by the Company with Maximus Strategic Consulting Inc. (‘Pinnacle Digest’) (the ‘Pinnacle Service Agreement’). Pursuant to the terms and conditions of the Pinnacle Service Agreement, Pinnacle Digest will conduct, produce, edit and distribute, via PinnacleDigest.com’s weekly email newsletter, YouTube channel and website at www.PinnacleDigest.com, a video about the Company which will include an interview with the Company’s CEO or Chairman, b-roll and additional footage related to the Company and the gold industry. The Pinnacle Service Agreement remains in effect for 4 months, with services commencing October 1, 2025, through February 1, 2026, and will not automatically renew. In accordance with the terms and conditions of the Pinnacle Service Agreement and as consideration for the services provided by Pinnacle Digest, the Company has agreed to provide Pinnacle Digest with a cash fee of CAD $100,000 plus GST. Pinnacle Digest owns 156,000 common shares of LaFleur Minerals Inc. Pinnacle Digest also owns 166,666 common share purchase warrants exercisable at $0.45 until October 4, 2026, and 156,000 common share purchase warrants exercisable at $0.75 until September 19, 2027. Pinnacle Digest’s business is located at 300 – 1550 5 Street SW, Calgary, A.B.T2R 1K3 Canada, and the email contact is Aaron Hoddinott at support@pinnacledigest.com.

The Company’s common shares are now cross listed on the Canadian Securities Exchange (CSE) and the Frankfurt Stock Exchange (FSE). The FSE is one of the world’s leading international stock exchanges by revenue, profitability, and market capitalization and is the largest of Germany’s stock exchanges.

Having been admitted to the FSE, LaFleur Minerals is making submission for listing on Tradegate, which, upon acceptance, will increase trading access for investors in Australasia and Asia amongst others.

QUALIFIED PERSON STATEMENT AND DATA VERIFICATION

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101. The QP has verified the analytical data underlying the drilling assay results disclosed in this release by reviewing the Company’s QAQC protocols, core and sample logs, original assay certificates, and assay database.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are 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, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, 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.

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A pair of House Republicans are pushing to have Charlie Kirk memorialized on U.S. currency in the wake of his assassination earlier this month.

Republican Study Committee Chairman August Pfluger, R-Texas, and Rep. Abe Hamadeh, R-Ariz., plan to introduce a bill later this week directing the U.S. Treasury to mint 400,000 silver dollar coins with Kirk’s likeness, the pair first told Fox News Digital.

It’s the latest proposal in a litany of bills and resolutions introduced by Republican lawmakers to honor the conservative activist after he was shot and killed during a college campus speaking event in Utah earlier this month.

The coins, which would be considered legal tender, would have Kirk’s image on one side and feature the words ‘well done, good and faithful servant’ on the other.

They would also be inscribed with Kirk’s full name, ‘Charles James Kirk,’ the year 2026 as well as the U.S.’s full name and motto. 

The coins’ final design would be selected by the Treasury Secretary in consultation with the sitting president, in this case, President Donald Trump.

‘Since 1892, Congress has authorized commemorative coins to celebrate and honor historic American patriots,’ Hamadeh told Fox News Digital.

He also hailed Kirk as an ‘American treasure.’

‘He tirelessly sacrificed his time, energy, and money to save this nation for future generations. Ultimately, at the hands of a radical leftist, he sacrificed his life,’ Hamadeh said. ‘His life must be commemorated, and this coin will allow us to pass a reminder of his remarkable life on to generations to come.’

Pfluger said that passage of their legislation would make Kirk, at age 31, the youngest-ever American to be placed on U.S. currency at the time of the coins’ minting, which the Texas Republican called ‘a fitting honor that cements his extraordinary legacy alongside presidents and founding fathers who shaped our republic.’

‘Charlie Kirk was a conservative titan whose transformational impact on millions of Americans deserves permanent recognition alongside our nation’s greatest leaders and influential figures,’ Pfluger said.

A law passed by Congress in 1866 bars the image of a living person from being used on U.S. currency.

Several historical figures have been awarded the honor, even beyond American presidents.

Benjamin Franklin notably is the face on the $100 bill, Alexander Hamilton is shown on the $10 note and different versions of the $1 coin feature Sacagawea, former U.S. Supreme Court Chief Justice John Marshall and Susan B. Anthony, respectively, among others.

Some historical records have said Sacagawea was 25 at the time of her death, but conflicting accounts reported her passing decades later.

The proposal comes after the House passed a bipartisan resolution honoring Kirk and denouncing political violence late last week.

In addition to Pfluger and Hamadeh’s bill, GOP lawmakers have offered legislation to award Kirk congressional medals, honor him with a day of remembrance, among other initiatives.

Several House Republicans also wrote to Speaker Mike Johnson, R-La., to ask for a statue at the U.S. Capitol in Kirk’s likeness after his assassination.

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A Senate Republican wants to know the exact cost of a partial government shutdown as GOP and Democratic leaders are at an impasse to keep the government open.

Sen. Joni Ernst, R-Iowa, called on the Congressional Budget Office (CBO) to provide a detailed report on the sprawling impact that a partial government shutdown could have, including payments throughout the federal government and the possible broader economic impact.

The House GOP passed its short-term funding extension, known as a continuing resolution (CR), last week, but the bill was later blocked by Senate Democrats. For now, Republicans and Democrats in the upper chamber are at odds on a plan to keep the government open.

And the deadline to fund the government by Sept. 30 is fast approaching.

Ernst, who chairs the Senate DOGE Caucus named after tech-billionaire Elon Musk’s Department of Government Efficiency, laid the fault of a potential shutdown on Senate Minority Leader Chuck Schumer, D-N.Y., in her letter to CBO Director Phillip Swagel.

‘The same politicians who whined and complained about the Department of Government Efficiency laying off unnecessary bureaucrats just a few months ago are now forcing a government-wide shutdown themselves to expose who is and isn’t an essential employee,’ she wrote.

Ernst requested a sweeping economic operational impact analysis from the agency, including how a shutdown could affect back pay costs for furloughed non-essential employees, military pay, congressional pay and the broader economic impact that the government closing could have on the private sector.

Specifically, she wanted to know how businesses could be impacted by a temporary stoppage of government services, like loans, permits and certifications, and how companies and businesses could recoup losses after a shutdown ended.

She also wanted information on lost efficiencies in the government and the costs that could accrue from unfulfilled procurements or allowing contracts to lapse, and whether the burden of keeping national parks open would fall onto the states or if they’d be shuttered, too.

The CBO did provide an analysis of the cost of the last time the government shuttered in 2019, when Schumer and President Donald Trump were at odds on providing funding to construct a wall at the southern border. That 35-day shutdown was the longest in U.S. history, and no funding for a border wall was granted.

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.

It remains unclear whether Senate Majority Leader John Thune, R-S.D., and Schumer can strike a deal. After Trump canceled a planned meeting Tuesday with Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., both Democrats blamed the president for the looming shutdown.

However, Democrats’ asking price for a short-term funding extension is too high for Republicans.

They want permanent extensions to Affordable Care Act subsidies, a full repeal of the ‘big, beautiful bill’s’ health care title, which includes the $50 billion rural hospital fund, and a clawback of the canceled funding for NPR and PBS.

‘Once again, Donald Trump has shown the American people he is not up to the job,’ Schumer said. ‘It’s a very simple job: sit down and negotiate with the Democratic leaders and come to an agreement, but he just ain’t up to it. He runs away before the negotiations even begin.’ 

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Immediate Follow Up of Highest Priority Gold and Silver Targets

T2 Metals Corp. (TSXV: TWO,OTC:TWOSF) (OTCQB: TWOSF) (WKN: A2DR6E) (‘T2 Metals’ or the ‘Company’) is pleased to announce commencement of fieldwork at the Shanghai gold-silver project in the Mayo Mining District, Yukon Territory, Canada. Shanghai covers 27.4 sq km, lies 12 km west of Hecla Mining’s Keno Hill silver mine, and is midway between the AurMac, Eagle and Raven intrusion-related gold deposits.

Shanghai sits within the northwest portion of the Yukon’s Tombstone Gold Belt, one of North America’s most active and gold-endowed mining districts, and home to the famous Klondike goldfield (Figure 1). Recent exploration of the Tombstone Gold Belt by Snowline Gold Corp (Valley project), Sitka Gold Corp (RC Gold project), Banyan Gold Corp (AurMac project) and Sanatana Resources Inc have highlighted the potential for major new gold discoveries and value creation.

Highlights:

  • Proximity of Shanghai to infrastructure and competitor gold/silver projects has enabled a rapid start to field work;
  • High grade gold and silver values (1.1 oz/tonne Au, 790.5 oz/tonne Ag) reported from historical trenches to be followed up immediately. Location of these trenches can now accurately be determined with modern LiDAR data;
  • Project is undrilled despite sitting within multiple sites of exploration, resource estimation and mining by peer companies;
  • Class 3 permit in place that enables immediate drilling, access construction and camp establishment;

This first field program by T2 Metals will comprise a helicopter-supported team to collect rock chip and soil samples in the vicinity of geochemical anomalies discovered by previous soil and rock sampling campaigns. Furthermore, the team will field check and sample historical workings which targeted high-grade silver-base metal veins of Keno Hill style (see T2 Metals’ press release dated September 10, 2025). Shanghai lies only 6 km from Banyan Gold Corp’s AurMac camp and 35 km from the Mayo airfield, making helicopter support from either location very efficient.

Fieldwork will focus on two distinct areas and target styles:

  • Zone 1: the area covering and surrounding the historical Shanghai Silver Mine where Keno Hill – style silver (‘Ag’) – zinc (‘Zn’) – lead (‘Pb’) – gold (‘Au’) mineralization was developed underground in the 1960s by Silver Titan Mines; and
  • Zone 2: areas with multi-element and gold soil anomalism that suggest the presence of intrusion related Au mineralization.

The Zone 1 target covers the Keno Hill Quartzite that lies immediately beneath the Robert Service Thrust Fault, in a geological setting that matches that of the nearby Keno Hill mines. Exploration by Silver Titan Mines Ltd at the Shanghai Silver Mine reported high silver grades from underground workings that followed veins including 9.1 m @ 1182.8 g/t Ag, 8.2% Pb and 7.2% Zn (average width of 1.5 m) (Yukon Minfile 105M 028).

Trenches dug between 1960 and 1966 by Silver Titan Mines Ltd along strike from the Shanghai Silver Mine have been located utilizing an airborne LiDAR survey carried out by project partner Shawn Ryan (Figure 3). Sampling reports from these trenches (see Yukon Minfile #105M027 and Minfile #105M028) describe highly fractured quartz veins and reported grab samples which contained 1.1 oz/t Au, 790.5 oz/t Ag, 0.4% Pb, and 10.4% Cu associated with a halo of chlorite alteration (see Yukon Minfile #ARMC005629 and Doherty, R. A. 2022)*1.

Additional historical trenching has been identified using LiDAR at the Titan prospect, which lies 5.5km from the Shanghai Silver Mine in a similar setting associated with northeast trending faults beneath the Robert Service Thrust Fault (see Figure 3).

These reported samples and observations, in combination with high values of Ag, Au, Zn, and Pb in more regional soil samples, suggests potential for Keno Hill – style polymetallic mineralization (Figure 2).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7326/267731_343b95f8b4801939_002.jpg

Figure 1: Regional Location of the Shanghai Project, Yukon Territory, Canada.
See Table 1 for additional information on resource-stage projects and supporting NI43-101 report references.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/267731_343b95f8b4801939_002full.jpg

The Zone 2 target is located within the Upper Proterozoic Hyland Group Yusezyu Formation comprised of phyllite and rare calc silicate rocks that sits above the Roberts Service Thrust Fault in a setting analogous to Banyan Gold Corp’s AurMac deposit. Exploration in this area will focus on broad areas where prior soil samples by partner Shawn Ryan discovered anomalous gold, antimony (‘Sb’), and arsenic (‘As’) that are coincident with Late Cretaceous age quartz monzonite / granodiorite intrusions, referred to as ‘Tombstone Intrusions’ (Figure 4). This association of Au-Sb-As and the presence of Tombstone Intrusions is commonly observed at other intrusion-related gold deposits including those also being explored by Sitka Gold Corp and Snowline Gold Corp.

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Figure 2: Target Areas for follow up in field program based on soil geochemistry. Au-Ag-Zn association highlights ‘Keno Hill’ style sliver mineralization below thrust fault. Zone 1 – southern; Zone 2 – northern.

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Figure 3: Image of LiDAR data collected by Shawn Ryan that highlights historical (1960s) mechanical trenching
and access development at the Shanghai Silver Mine and Titan Prospect.

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Mark Saxon, CEO of T2 Metals Corp. said ‘Shanghai is close to major gold projects which delivers both high prospectivity and simplified logistics. We have managed to hit the ground running utilizing local helicopter and camp facilities to follow up existing targets. The work history on the Shanghai project is limited considering its geological potential, due to private ownership by Shawn Ryan for more than 20 years. It is exciting to have the opportunity to draw together historic trench sampling that discovered high grade gold and silver, with modern LiDAR, to identify new undrilled targets.’

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Figure 4: Target Areas for follow up in field program based on soil geochemistry. Au-As-Sb association highlights ‘Tombstone Intrusion’ style gold mineralization above thrust fault. Zone 1 – southern; Zone 2 – northern.

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About the Historical Shanghai Silver Mine

The Shanghai Silver Mine is hosted by the Keno Hill Quartzite immediately below the regionally extensive Robert Service Thrust fault. It lies on the northern limb of the McQuesten Antiform, presenting a mirror image of the Keno Hill camp found on the southern limb of this antiform.

During the 1960’s the Shanghai Silver Mine was explored by Silver Titan Mines Ltd with close to 800 m of underground development. Assays reported from underground workings that followed veins included 9.1 m @ 1182.8 g/t Ag, 8.2% Pb and 7.2% Zn (average width of 1.5 m) (Yukon Minfile 105M 028).

About the Tombstone Gold Belt

The Tombstone Gold Belt, a component of the larger Tintina Gold Province, is a highly prospective metallogenic province in the Yukon, with a range of well-known and emerging gold discoveries. The belt is characterized by a suite of mid-Cretaceous, reduced, felsic intrusions known as the Tombstone Plutonic Suite. These intrusive bodies and the surrounding host rocks have created conditions for the formation of numerous Intrusion-Related Gold Systems (IRGS). Exploration efforts have identified multiple mineralized corridors with gold hosted in sheeted quartz veins and disseminated mineralization within both the intrusive bodies and the hornfelsed country rocks.

Gold mineralization in the Tombstone Gold Belt is typically associated with a distinctive multi-element signature that includes bismuth, tellurium, and tungsten, along with arsenic and antimony. Gold-bearing fluids exsolved from cooling intrusions and preferentially deposited gold in brittle, structurally controlled environments. Both high-grade, structurally-controlled vein systems and lower-grade, bulk-tonnage deposits are known. The region hosts numerous significant deposits and is the site of recent discoveries by companies such as Snowline Gold Corp., Banyan Gold Corp. and Sitka Gold Corp.

Project EFFECTIVE DATE Author Report For Tonnes (M) Au (g/t) Contained Gold Status
Brewery Creek 18/01/2022 Cook. C. et al., 2022. Sabre Gold Mines Corp 34.5 1.03 1.142 M oz Measured & Indicated
36.0 0.88 1.018 M oz Inferred
Report Title: Preliminary Economic Assessment. NI 43-101 Technical Report on the Brewery Creek Project Yukon Territory, Canada
Eagle (Dublin Gulch) 31/12/2022 Harvey, N., 2022 Victoria Gold Corp 233.2 0.57 4.303 M oz Measured & Indicated
36.2 0.62 0.724 M oz Inferred
Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada
Olive (Dublin Gulch) 31/12/2022 Harvey, N., 2022 Victoria Gold Corp 11.6 0.97 0.361 M oz Measured & Indicated
5.5 1.17 206,479 Inferred
Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada
Raven (Dublin Gulch) 15/09/2022 Jutras, M., 2022. Victoria Gold Corp 19.9 1.67 1.071 M oz Inferred
Report Title: Technical Report On The Raven Mineral Deposit, Mayo Mining District Yukon Territory, Canada
Blackjack (RC Gold) 21/01/2025 Simpson. R., 2025 Sitka Gold Corp 39.9 1.01 1.298 M oz Indicated
34.6 0.94 1.045 M oz Inferred
Report Title: Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory
Eiger (RC Gold) 19/01/2023 Simpson. R., 2025 Sitka Gold Corp 27.4 0.5 0.440 M oz Inferred
Report Title: Clear Creek Property, RC Gold Project. NI 43-101 Technical Report. Dawson Mining District, Yukon Territory
Airstrip (AurMac) 28/06/2025 Jutras, M., 2025 Banyan Gold Corp 27.7 0.69 0.614 M oz Indicated
10.1 0.75 0.244 M oz Inferred
Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada
Powerline (AurMac) 28/06/2025 Jutras, M., 2025 Banyan Gold Corp 84.8 0.61 1.663 M oz Indicated
270.4 0.60 5.216 M oz Inferred
Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada
Florin 6/04/2025 Simpson. R., 2021 St. James Gold Corp. 170.9 0.45 2.474 M oz Inferred
Report Title: Florin Gold Project. NI 43-101 Technical Report. Mayo and Dawson Mining Districts, Yukon Territory
Valley (Rouge) 15/05/2025 Burrell. H. et al., 2024 Snowline Gold Corp 75.8 1.66 4,047 M oz Indicated
81.0 1.25 3.256 M oz Inferred
Report Title: Rogue Project. NI 43-101 Technical Report and Mineral Resource Estimate. Yukon Territory, Canada

Table 1: Gold Deposits in the Tombstone Gold Belt with NI43-101 References

Disclaimers

The qualified person (as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects) for the Company’s projects, Mr. Mark Saxon, the Company’s Chief Executive Officer, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has reviewed and approved the contents of this release.

Readers are cautioned that the discussion about adjacent or similar properties in this press release is not necessarily indicative of the mineralization or potential of the Shanghai property. The Company has no interest in or right to acquire any interest in any such adjacent properties.

*1 The reader is cautioned that the historical sampling results, while sourced from independent reports accessed from the Government of Yukon website should not relied upon and are included for context. The Company will need to conduct further exploration, and there is no guarantee that the results obtained will reflect the historical results.

Reference

Doherty, R. A., 2022. NI43-101 Technical Report titled ‘Shanghai Project Technical Report, Mayo Mining District, Yukon’ dated July 15, 2022 on behalf of Targa Exploration Corp. on www.sedarplus.ca.

About T2 Metals Corp (TSXV: TWO,OTC:TWOSF) (OTCQB: TWOSF) (WKN: A2DR6E)

T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. T2 is focused on the Sherridon Project in Manitoba, the Shanghai Project in the Yukon, and the Cora Project in Arizona.

ON BEHALF OF THE BOARD,

‘Mark Saxon’

Mark Saxon
President & CEO
For further information, please contact:

t2metals.com

1 (604) 685-93161305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
info@t2metals.com

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

Cautionary Note Regarding Forward-Looking Statements

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’ and similar expressions. Forward-looking information in this press release include statements regarding the potential exercise of the Option and obtaining regulatory approval for the Option, and future exploration plans for the Company on the Shanghai project. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements.

These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities; risks in obtaining regulatory approval; the impact of exploration competition; unexpected geological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market risks. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.

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(TheNewswire)

Pinnacle Silver and Gold Corp.

Highlights:

  • Surface sampling above the Pinos Cuates and Dos de Mayo mines has extended high-grade gold-silver mineralization over a vertical distance of up to 80 metres

  • Silver grades of 2,280 g/t and 1,444 g/t at surface imply a potential vertical zonation with silver increasing upwards in the system

  • A newly defined mineralized vein called El Capulin lies parallel to, and approximately 200 metres away from, the Dos de mayo vein and has been traced and sampled for approximately 375 metres along strike with grades up to 6.27 g/t Au and 99 g/t Ag

  • The identification of El Capulin and the vertical extension of gold-silver mineralization have significantly increased the potential of the project

‘We are extremely pleased with how the combination of underground and surface sampling is coming together to define a strong, well-defined and high-grade vein system at El Potrero ,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘On the Dos de Mayo trend, the higher silver grades at surface continue to suggest there may be some vertical zonation, with silver increasing upwards.  As one moves uphill to El Capulin, the continued presence of gold-silver mineralization up to 1720 masl infers that mineralization here could extend downwards to similar levels seen on the Dos de Mayo structure, or a vertical distance of approximately 200 metres.  These observations are consistent with low sulphidation systems in the Topia District and elsewhere in Mexico and bode well for the potential to develop significant zones of mineralization.’

Above the Dos de Mayo mine, the previously announced ( June 2, 2025 ) 13.2 g/t Au and 2,280 g/t Ag over 0.30 metres is accompanied by a new grab sample assaying 9.9 g/t Au and 1,444 g/t Ag over 0.35 metres .  These, and other samples, effectively extend the mineralization from an elevation of 1490 masl (metres above sea level) to 1570 masl, a vertical distance of 80 metres (see Longitudinal Section below).  Above the Pinos Cuates mine, surface channel sampling returned up to 37.4 g/t Au and 755 g/t Ag over 1.2 metres , while sampling in a small underground working called El Jabali returned up to 36.4 g/t Au and 1,029 g/t Ag over 1.4 metres , together defining a vertical distance of 45 metres from 1520 masl to 1565 masl.  There is an unexplored gap of approximately 120 metres between the Dos de Mayo and Pinos Cuates mines where there is no outcrop exposure or underground workings, but the two mines define a strike length of approximately 325 metres.


Click Image To View Full Size

Fig. 1:  Longitudinal Section of the Dos de Mayo – Pinos Cuates Area

The El Capulín vein is a northwest-southeast-trending structure and has been mapped along a 375 m strike, about the same length defined by the Dos de Mayo and Pinos Cuates mineralization, interrupted and displaced by a northeast-trending fault (see plan map below).  In contrast to the breccia vein on the Dos de Mayo trend, it is a crystalline quartz vein with bands of lattice bladed quartz.  It has an azimuth of 325° with a dip of 65° to 85° NE and width of 45 to 60 cm, or it may appear as a zone of 1 to 5 cm-wide quartz veinlets with a lattice bladed texture, with azimuth of 320°, dip of 80°NE and width of up to 2 metres.

To date, 36 samples have been taken on El Capulin, with the highest value being 6.27 g/t Au and 99 g/t Ag and the lowest being 0.117 g/t Au.  To date, the assay results are more consistent than in the Dos de Mayo vein, probably due to its crystalline rather than brecciated texture.  A notable point about this structure is that it is located at an elevation of 1640 to 1680 masl (metres above sea level) in the SE segment and up to 1720 masl in the NW segment, a vertical distance of up to 80 metres.  If mineralization extends downward to the 1500 masl level seen at Dos de Mayo then there is considerable potential to discover additional mineralization.

Underground mapping and sampling is continuing at the historic La Dura mine to the northwest of Pinos Cuates, and any mineralization here would effectively extend the strike length of the Dos de Mayo vein for another 150 metres, for a total strike length of approximately 500 metres.  Mapping of limited outcrop has traced the vein for a strike length of 1,600 metres to date.


Click Image To View Full Size

Fig 2:  Plan Map of the Main Dos de Mayo and El Capulin Areas Showing Gold Values From Surface Sampling

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

Systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  Grab samples, by their nature, are only considered as indicative of local mineralization and should not be considered as representative.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  Surface rights covering the plant and mine area are privately owned (no community issues).

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

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Terra Clean Energy CORP. (‘ Terra ‘ or the ‘ Company ‘) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF FSE: C 9O0) is pleased to announce that, further to its press release dated September 16, 2025, it has entered into definitive agreements with arm’s length parties to acquire up to a 100% interest in each of the Wheel Anne Claims and the Green Vein Mesa Claims (each of the properties are located in Emery County, Utah, United States).

‘The quick execution of the agreements shows the Company’s commitment and excitement to these assets and to our already significant portfolio of low-risk uranium assets in world renowned uranium basins’ state Greg Cameron, CEO of Terra. ‘Our plan is to have our team on the ground in Utah in the coming weeks working closely with our local partner.’

To earn its respective interests in each of the Wheal Anne Claims and the Green Vein Mesa, the Company would be required to make the following cash payments, common share issuances and incur exploration expenditures on the respective claims as follows:

Wheal Anne Claims

Cash Payment Share Issuance Exploration Expenditures
To earn a 20% interest USD$20,000 on the Effective Date 500,000 common shares within five business days of the Effective Date Incur USD$100,000 in expenditures on or before the 1 st year anniversary of the Effective Date
To earn a 40% interest Additional USD$33,333 on or before the 1 st year anniversary of the Effective Date Additional 500,000 common shares on or before the 1 st year anniversary of the Effective Date Incur additional USD$33,333 in expenditures on or before the 2 nd year anniversary of the Effective Date
To earn a 60% interest Additional USD$46,666 on or before the 2 nd year anniversary of the Effective Date Additional 500,000 common shares on or before the 2 nd year anniversary of the Effective Date Incur additional USD$33,333 in expenditures on or before the 3 rd year anniversary of the Effective Date
To earn an 80% interest Additional USD$60,000 on or before the 3 rd year anniversary of the Effective Date Additional 500,000 common shares on or before the 3 rd year anniversary of the Effective Date Incur additional USD$33,334 in expenditures on or before the 4 th year anniversary of the Effective Date
To earn a 100% interest Additional USD$73,333 on or before the 4 th year anniversary of the Effective Date Additional 500,000 common shares on or before the 4 th year anniversary of the Effective Date Incur additional USD$33,333 in expenditures on or before the 5 th year anniversary of the Effective Date

** Subject to the retention by the Vendors of a two percent (2%) net royalty on the Wheal Anne Claims (the ‘ Wheal Anne Royalty ‘), with Terra Clean having the option to purchase fifty percent (50%) of the Wheal Anne Royalty at any time by making a total cash payment to the Vendors in the amount of USD$666,666.

Green Vein Mesa Claims

Cash Payment Share Issuance Exploration Expenditures
To earn a 20% interest USD$10,000 on the Effective Date 250,000 common shares within five business days of the Effective Date Incur USD$50,000 in expenditures on or before the 1 st year anniversary of the Effective Date
To earn a 40% interest Additional USD$16,667 on or before the 1 st year anniversary of the Effective Date Additional 250,000 common shares on or before the 1 st year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 2 nd year anniversary of the Effective Date
To earn a 60% interest Additional USD$23,334 on or before the 2 nd year anniversary of the Effective Date Additional 250,000 common shares on or before the 2 nd year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 3 rd year anniversary of the Effective Date
To earn an 80% interest Additional USD$30,000 on or before the 3 rd year anniversary of the Effective Date Additional 250,000 common shares on or before the 3 rd year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 4 th year anniversary of the Effective Date
To earn a 100% interest Additional USD$36,667 on or before the 4 th year anniversary of the Effective Date Additional 250,000 common shares on or before the 4 th year anniversary of the Effective Date Incur additional USD$13,334 in expenditures on or before the 5 th year anniversary of the Effective Date

**  Subject to the retention by the Vendors of a two percent (2%) net royalty on the Green Vein Mesa Claims (the ‘ Green Vein Royalty ‘), with Terra Clean having the option to purchase fifty percent (50%) of the Green Vein Royalty at any time by making a total cash payment to the Vendors in the amount of USD$333,334.

The definitive agreements to acquire an interest in each of the Wheal Anne Claims and the Green Vein Mesa Claims remain subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange (with the ‘ Effective Date ‘ being the date that all such regulatory approvals have been received).

All securities issued in connection with these agreements would be subject to a four-month plus one day hold period from the date of issuance in accordance with applicable securities laws.

Marketing Agreements

Terra Clean is also pleased to announce that it has engaged the services of Green Crescent Capital (‘GCC’) to conceive and create marketing, advertising collateral and to develop and distribute digital content to increase awareness in the investment community in compliance with the policies and guidelines of the CSE Exchange and other applicable legislation. GCC will be paid a one-time fee of USD$5,000. The agreement between the Company and GCC was signed in September 2025 for a one-month term.  There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. GCC and its clients may acquire an interest in the securities of the Company in the future.

The Company has also engaged the services of OTCWagon (‘OTCW’) for a 38 day market awareness program in compliance with the policies and guidelines of the CSE Exchange and other applicable legislation. OTCW will be paid a one-time fee of C$7,500. The agreement between the Company and OTCW was signed in September 2025 for a 38-day term.  There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. OTCW and its clients may acquire an interest in the securities of the Company in the future.

About Terra Clean Energy Corp.

Terra Clean Energy is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project within the Fraser Lakes B Uranium Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as developing past producing Uranium mines in the San Rafael Swell Emery County, Utah, United States

ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

‘Greg Cameron’
Greg Cameron, CEO

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca .

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

For further information please contact:

Greg Cameron, CEO
info@tcec.energy

Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy

 

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